CGI Group Inc. Board authorizes the renewal of its Normal Course Issuer Bid

CGI Group Inc. Board authorizes the renewal of its Normal Course Issuer Bid 
MONTREAL, QUEBEC -- (Marketwired) -- 01/29/14 --  CGI Group Inc.
(TSX: GIB.A)(NYSE: GIB) (the "Company") announced today that its
Board of Directors has authorized the renewal of its Normal Course
Issuer Bid ("NCIB"), subject to acceptance by the Toronto Stock
Exchange (the "TSX"). 
The Company's management and Board of Directors believe that the
repurchase of Class A subordinate voting shares ("Class A Shares") of
the Company is a proper use of the Company's funds, and the NCIB 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.  
At the close of business on January 24, 2014, there were 276,181,109
Class A Shares outstanding, of which approximately 79% were widely
held (representing a public float of 217,986,459 Class A Shares for
TSX purposes). 
Under the terms of the NCIB, subject to TSX acceptance, the Company
may purchase for cancellation on the open market through the
facilities of the TSX and the New York Stock Exchange and through
alternative trading systems, as well as outside the facilities of the
TSX pursuant to exemption orders issued by securities regulatory
authorities, up to 21,798,645 Class A Shares, representing
approximately 10% of the Company's public float as of the close of
business on January 24, 2014. The average daily trading volume (the
"ADTV") of the Class A Shares on the TSX for the six month period
ended December 31, 2013 (excluding purchases under the NCIB) was
1,125,727 Class A Shares. Consequently and in accordance with the
requirements of the TSX, the daily purchase limit under the NCIB on
the TSX will be 281,431 Class A Shares, representing 25% of the ADTV.
All Class A Shares will be purchased at their market price at the
time of acquisition, except for purchases effected outside the
facilities of the TSX pursuant to exemption orders issued by
securities regulatory authorities which will be at a discount to the
market price as provided in such exemption orders. All shares
purchased under the NCIB will be cancelled.  
Purchases of Class A Shares may commence on February 11, 2014 and
will expire on the earlier of February 10, 2015 or the date on which
the Company has either acquired the maximum number of Class A Shares
allowable under the NCIB or otherwise decided not to make any further
repurchases under the NCIB.  
Under the terms of its NCIB that commenced on February 11, 2013 and
will expire on February 10, 2014, the Company had purchased, as of
January 24, 2014, an aggregate of 3,208,760 Class A Shares for
cancellation. These purchases were made through the facilities of the
TSX and the New York Stock Exchange and through alternative trading
systems, as well as outside the facilities of the TSX pursuant to an
exemption order issued by the Quebec Autorite des marches financiers,
at a weighted average purchase price of $38.26.  
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, infrastructure management as
well as a wide range of proprietary solutions. With annualized
revenue in excess of C$10 billion and an order backlog exceeding C$19
billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
Website: 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 Canadian
securities laws. These statements and this information represent
CGI's 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 but 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 IT
industry; general economic and business conditions; foreign exchange
and other risks identified in the press release, in CGI's annual and
quarterly Management's Discussion and Analysis ("MD&A"), in CGI's
Annual Report, in CGI's Annual Report on Form 40-F filed with the
U.S. Securities and Exchange Commission (filed on EDGAR at
www.sec.gov), and in the Company's Annual Information Form filed with
the Canadian securities authorities (filed on SEDAR at
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. 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, except as required by applicable law. Readers are
cautioned not to place undue reliance on these forward-looking
statements or on this forward-looking information.  
www.cgi.com/newsroom 
Contacts:
Investors and media
Lorne Gorber
Senior Vice-President, Global Communications and
Investor Relations
lorne.gorber@cgi.com
+1 514-841-3355