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Press release from CNW Group

Canam Group Inc. common share buyback program

Thursday, October 27, 2011

Canam Group Inc. common share buyback program06:30 EDT Thursday, October 27, 2011BOUCHERVILLE, QC, Oct. 27, 2011 /CNW Telbec/ - Canam Group Inc. (TSX: CAM) today announced that the The Toronto Stock Exchange (TSX) has accepted the Corporation's notice of intention to make a normal course issuer bid pursuant to which it may purchase, when deemed appropriate, through the facilities of and in accordance with the requirements of the TSX, up to 1,629,274 of its outstanding common shares, which represents 5% of the Corporation's public float. As at October 18, 2011, Canam Group had 45,351,787 issued and outstanding common shares, of which 32,585,490 were publicly held.Pursuant to the notice of intention, common shares may be purchased during the 12-month period beginning on November 1st, 2011 and ending October 31, 2012. In accordance with TSX rules, the Corporation is entitled to purchase on any trading day, through the facilities of the TSX, a daily limit of 8,198 common shares under the Corporation's common share buyback program. The common shares purchased by the Corporation will be cancelled. Canam Group's Board of Directors believes that the purchase of its common shares would be in the best interests of Canam Group and its shareholders.During the last 12 months, Canam Group has not purchased any of its common shares pursuant to a notice of intention to make a normal course issuer bid.About Canam Group Inc.Canam Group is a leader in the design and fabrication of construction products and solutions and a leading provider of design-build and virtual design and construction services. The company operates more than 25 manufacturing plants and engineering offices in Canada, the United States, Romania, India and China, and has partnerships with companies in Saudi Arabia, the United Arab Emirates and China.For further information: François Bégin Vice President, Communications Tel.: 450-641-4000 Email:  francois.begin@canamgroup.ws www.canamgroup.ws