ANALYSTS

THE FOLLOWING ANALYSTS HAVE RECENTLY
PUBLISHED A REPORT ON HÉROUX-DEVTEK INC.

Jacques Kavafian
Research Capital Corporation
199 Bay Street, Suite 4500
Toronto, ON
Canada M5L 1G2
Tel. : (416) 860-7797

Tim James
TD Newcrest
66 Wellington St. West, 7th Floor
Toronto, Ontario
Canada   M5K 1A2
Tel.: (416) 308-9773

Philippe Côté
Cormark Securities Inc.
1800 McGill College Avenue
Suite 2104
Montréal, Quebec H3A 3J6
Canada
Tel.: (514) 876-7179

Anoop Prihar
Griffiths Mc Burnery & Partners
145 King St. W., Suite 1100
Toronto, Ontario
Canada   M5H 1J8
Tel.: (514) 367-8600

Cameron Doerksen
Versant Partners
1350 Sherbrooke Street West, 12th floor
Montréal, Québec
Canada   H3G 1J1
Tel.: (514) 845-8111

Benoit Poirier
Valeurs Mobilières Desjardins
1 Complexe Desjardins
South Tower, 29th floor
Montréal, Québec
Canada   H5B 1J2
Tel.: (514) 281-8653

Ben Cherniavsky
Raymond James Ltd.
925 West Georgia St., Suite 2200
Vancouver, BC
Canada   V6C 3L2
Tel.: (604) 659-8244

Chris Murray
CIBC World Markets
161 Bay Street, 4th Floor
Toronto, Ontario
Canada   M5J 2S8
Tel.: (416) 956-6807

David Buma, CFA
Laurentian Bank Securities
Tour Banque Laurentienne
1981 McGill College Ave., Suite 1900
Montreal, QC
Canada H3A 3K3
Tel: 514-350-2957