Stock Market Symbols GIB.A (TSX) GIB (NYSE) MONTREAL, Feb. 1 /PRNewswire-FirstCall/ -- On January 30, 2007, CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) announced that the Company's Board of Directors had authorized the renewal of its Normal Course Issuer Bid. Today, the Company received regulatory approval from the Toronto Stock Exchange for its Normal Course Issuer Bid renewal. The Company's management and Board of Directors believe that the repurchase of Class A Shares of the Company, at current prices, is a proper use of the Company's funds, and the normal course issuer bid will provide the Company with the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of its strategy to increase shareholder value. Under the terms of the bid as approved by the Toronto Stock Exchange: - the Company may purchase of up to 10% of the public float of the Company's Class A subordinate shares during the next year; - The Issuer Bid enables CGI to purchase on the open market through the facilities of the Toronto Stock Exchange up to 29,091,303 Class A subordinate shares of the Company for cancellation. At the close of business on January 26, 2007, there were 295,034,164 Class A subordinate shares of the Company outstanding of which approximately 98.6% were widely held; - Class A subordinate shares of the Company may be purchased under the Issuer Bid commencing February 5, 2007 (as opposed to February 3, 2007 as initially announced) and ending no later than February 4, 2008 (as opposed to February 2, 2008 as initially announced), or on such earlier date when the Company completes its purchases or elects to terminate the bid. Under the terms of its existing normal course issuer bid, the Company has purchased for cancellation 10,270,400 Class A Shares since February 3, 2006. These purchases were made through the facilities of the Toronto Stock Exchange at an average purchase price of $7.25204. About CGI Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annualized revenue run rate stands at $3.6 billion (US$3.1 billion) and at December 31st, 2006, CGI's order backlog was $12.6 billion (US$10.9 billion). CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com/. Forward-Looking Statements All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of the Ontario Securities Act, as amended. These statements and this information represent CGI Group Inc.'s ("CGI") intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management's Discussion and Analysis ("MD&A") in CGI's Annual Report or Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at http://www.sec.gov/), and in CGI's annual and quarterly MD&A and Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at http://www.sedar.com/), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. Except to the extent required by law, CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information. DATASOURCE: CGI GROUP INC. CONTACT: Investor Relations: Lorne Gorber, Vice-President, Global Communications and Investor Relations, (514) 841-3355, ; Media Relations: Philippe Beauregard, Director, Corporate Communications and Public Affairs, (514) 841-3218,

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