[CAE Logo] CAE Inc.
P.O. Box 30, Suite 3060
Royal Bank Plaza
Toronto, Ontario
Canada M5J 2J1

Tel (416) 865-0070
Fax (416) 865-0337

To: Alberta Securities Commission
British Columbia Securities Commission
Manitoba Securities Commission
Office of the Administrator, New Brunswick
Securities Commission of Newfoundland and Labrador
Ontario Securities Commission
Nova Scotia Securities Commission
Registrar of Securities, Prince Edward Island
Autorite des marches financiers
Saskatchewan Securities Commission

Re: CAE Inc.
Reporting of Voting Results pursuant to section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102")

Following the annual meeting of shareholders of CAE Inc. on August 11, 2004 (the "Meeting"), and in accordance with section 11.3 of NI 51-102, we hereby advise you of the following voting results obtained at the Meeting:

Item Voted Upon

1. Election of Directors

Voting Results

The nominees proposed by management were elected by a majority of shareholders on a show of hands.

2. Appointment of PricewaterhouseCoopers LLP as the Corporation's auditors


PricewaterhouseCoopers LLP were appointed as the Corporation's auditors by a majority of shareholders on a show of hands.

Sincerely,

/s/ Aline Belanger
Aline Belanger
Vice President, Corporate Controller and Assistant Corporate Secretary

cc: U.S. Securities and Exchange Commission