Vision and Values

WE CARE policy statement
WE CARE advocates an awareness of those elements that SNC-Lavalin considers to be the cornerstones of our daily work, and which apply to the execution of each and every project.

WE CARE embodies SNC-Lavalin’s key corporate values and beliefs:

· WE CARE about our employees, their personal growth, career development and general well-being;

· WE CARE about the health and safety of employees and individuals who work under our supervision, and about the safety of the end users of our expertise;

· WE CARE about the communities in which we live and work and their sustainable development, and take our responsibilities as a global citizen seriously;

· WE CARE about the environment, and about conducting our business in an environmentally responsible and sustainable manner.

Original signed by Jacques Lamarre
President and Chief Executive Officer
SNC-Lavalin Group Inc.
December 8, 2005

Vision
SNC-Lavalin's vision, built on experience and innovation, is to maintain and strengthen its core engineering business, to develop new skills and activities, and to respond to the changing needs of clients and markets. SNC-Lavalin's strategy for sustained growth is anchored in the development of world-class products, its far-reaching international network and its financing capabilities.

We are committed to:

· Enhancing our worldwide reputation in selected industry sectors, and actively pursuing initiatives in sectors and geographic areas where we can deliver superior value through its competitive advantages.

· Maintaining a comprehensive international marketing network.

· Maintaining leadership in project management capability, supported by state-of-the-art project management systems.

· Being a multicultural company proud of our ability to operate in many languages and adapt to the culture of the countries and communities in which we work.

· Take part in the development of projects requiring equity participation, and in the privatization of government-owned facilities.

· Adopting a flexible and open approach towards the needs of our clients by listening to and respecting their views, and being ahead of emerging trends and potential technological breakthroughs.

· Developing a stable client base with significant repeat business.

· Generating a sustainable long-term profit, and achieving optimum growth for our shareholders to deliver returns on shareholders' equity that consistently rank us in the top ten best publicly listed global engineering, procurement and construction (EPC) companies and match returns of long-term bonds in Canada plus 600 basis points.

Values
Our vision is supported by the following values which we are committed to carrying out:

· Ensure that high standards of health and safety are a primary objective in all our activities worldwide.

· Respect for our code of ethics, the environment, quality, and a philosophy of on-going improvement.

· Encourage a culture founded on a sense of pride and belonging, and empower our employees to take initiatives and assume responsibilities.

· Provide stimulating and varied career opportunities for our employees in a challenging and rewarding equal-opportunity work environment.

· Assure the development of the technical and managerial know-how of our employees to remain at the top of our selected industry sectors.

· Encourage share-ownership by employees.