QUOTE :
Your vote is important regardless of the number of Voting Shares you own. If you are unable to participate in the Meeting, we encourage you to take the time now to complete, sign, date and return the enclosed form of proxy or voting instruction form, as applicable, so that your shares can be voted at the Meeting in accordance with your instructions. If you are a registered Shareholder, we encourage you to complete, sign, date and return the enclosed letter of transmittal and Transat A.T. Inc. page iv election form, which will help the Corporation to arrange for the prompt payment or delivery of consideration for your shares when the Arrangement is completed. If you are a non-registered Shareholder, we encourage you to contact your intermediary in order to properly register your election and arrange for the prompt payment or delivery of consideration for your shares when the Arrangement is completed.