CGI (TSX: GIB.A) (NYSE: GIB) announced today that its IT services agreement with National Bank of Canada has been extended to 2025. The estimated value of the 10-year extension is $420 million. Under the agreement, CGI will draw on the expertise of its global network through its Quebec-based centres of excellence in Sherbrooke, Shawinigan and Saguenay.

"We are pleased to renew and expand our relationship with CGI, which began more than a decade ago," said Dominique Fagnoule, Executive Vice-President, Information Technology at National Bank. "CGI has in-depth knowledge of the banking industry and broad professional expertise, enabling us to maintain and increase our competitive advantages and achieve our strategic objectives."

"We are honored to continue our strategic partnership with National Bank of Canada," said CGI's Guy Vigeant, Senior Vice-President, Greater Montreal.

"Through our comprehensive IT services and world-class centers of excellence, we look forward to helping National Bank of Canada position itself for future growth and success. In addition, by drawing on the expertise of our centers of excellence under this new agreement, we will have the opportunity to boost regional employment."

CGI has 16,000 financial services experts working on 5 continents and serving 24 of the world's 30 biggest banks.

About CGI

Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services, including high-end business and IT consulting, systems integration, application development and maintenance, and infrastructure management, as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog of approximately C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).

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