MINISTER EMERSON APPOINTS LEO LEDOHOWSKI AND VALERIE PAYN TO BDC BOARD OF DIRECTORS

News Release

OTTAWA, March 31, 2005 -- The Honourable David L. Emerson, Minister of Industry and Minister responsible for BDC, today appointed Leo Ledohowski and Valerie Payn to the BDC's Board of Directors. "Ms. Payn and Mr. Ledohowski bring solid experience and comprehensive knowledge of the Canadian business environment to the BDC's Board of Directors," said Minister Emerson. "I am confident their vision and understanding will serve the BDC and its small business clients well." Leo Ledohowski is currently the President and CEO of Canad Inns, a Manitoba-based hotel chain. Prior to this, he was a professor in the Department of Economics at Carleton University and at the School of Business at the University of Manitoba. Mr. Ledohowski received his Bachelor of Arts and Bachelor of Commerce from the University of Saskatchewan and his MBA from McMaster University. He is a recipient of the Distinguished Service Award from the University of Manitoba and was recently named a Fellow of the Society of Management Accountants of Canada (FCMA). Valerie Payn is currently the President of the Halifax Chamber of Commerce. Prior to this, she held various positions with the Province of Prince Edward Island, the Chamber of Commerce in Summerside, and the Halifax Board of Trade. Ms. Payn studied public administration at the University of Prince Edward Island and received her MBA from St. Mary's University in Halifax. She serves on the Boards of the Greater Halifax Partnership and Canadian Professional Sales Association and is Chair of the Halifax International Airport Authority's Community Consultative Committee. Ms. Payn is a recipient of the Executive of the Year Award from the Chamber of Commerce Executives of Canada and was named one of Atlantic Canada's top CEOs by Atlantic Business magazine. BDC is a financial institution wholly owned by the Government of Canada. It plays a leadership role in delivering financial, investment and consulting services to Canadian small businesses, with a particular focus on the technology and export sectors of the economy. Visit BDC at: http://www.bdc.ca. - 30 - For more information, please contact: Christiane Fox Office of the Honourable David L. Emerson Minister of Industry (613) 995-9001 Jason Moscovitz Vice-President, Public Affairs BDC (514) 283-5059

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MINISTER EMERSON APPOINTS LEO LEDOHOWSKI AND VALERIE PAYN TO BDC BOARD OF DIRECTORS

News Release

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