EXFO-Investor/Media Advisory: Annual and Special Meeting/First-Quarter

    Business Editors/High-Tech Writers

    QUEBEC CITY, Quebec--(BUSINESS WIRE)--Jan. 11, 2005--EXFO Electro-Optical Engineering Inc. (NASDAQ:EXFO) (TSX:EXF.SV), a recognized test and measurement expert in the global telecommunications industry, will hold its Annual and Special Meeting of Shareholders at the McCord Museum in Montreal on January 12, 2005.

    The Meeting, beginning at 10 a.m. (EST), will include a review of fiscal 2004 results, an outline of strategic objectives for fiscal 2005 and an assessment of first-quarter results for 2005. Germain Lamonde, Chairman, President and CEO, and Pierre Plamondon, CA, Vice-President of Finance and Chief Financial Officer, will take part in the Meeting.

    To listen to the conference call and participate in the question period via telephone, dial (416) 695-9748. An audio replay of the conference call will be available until January 19, 2005. Callers can access the replay between 7 a.m. and 11 p.m. on a daily basis. The replay number is (416) 695-5275. The audio Webcast of the conference call will also be available on EXFO's Website at www.exfo.com/investors. To attend the event on-site, RSVP via telephone at (418) 683-0211, Ext. 3126, or by e-mail at agm@exfo.com.

WHO: Germain Lamonde, EXFO's Chairman, President and CEO Pierre Plamondon, CA, Vice-President of Finance and CFO

WHAT: Annual and Special Meeting/First-Quarter Results for Fiscal 2005

WHERE: McCord Museum, J.-Armand Bombardier Theatre 690 Sherbrooke Street West Montreal, Quebec

WHEN: Wednesday, January 12, 2005, 10 a.m. (EST) 10:00 a.m.: Annual and Special Meeting - Formal Business 10:15 a.m.: CEO's Address 10:45 a.m.: First-Quarter Results for 2005 11:00 a.m.: Question Period

HOW: Via telephone (416-695-9748) and Webcast (www.exfo.com/investors)

    About EXFO

    EXFO is a recognized test and measurement expert in the global telecommunications industry through the design and manufacture of advanced and innovative solutions as well as best-in-class customer support. The Telecom Division, which represents the company's main business activity, offers fully integrated and complete test solutions to network service providers, system vendors and component manufacturers in approximately 70 countries. One of EXFO's strongest competitive advantages is its PC/Windows-based modular platforms that host a wide range of tests across optical, physical, data and network layers, while maximizing technology reuse across several market segments. The Photonics and Life Sciences Division mainly leverages core telecom technologies to offer value-added solutions in the life sciences, high-precision manufacturing and research sectors. For more information about EXFO, visit www.exfo.com.

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CONTACT: EXFO Electro-Optical Engineering Inc. Vance Oliver Manager, Investor Relations (418) 683-0913, Ext. 3733 vance.oliver@exfo.com

KEYWORD: NEW YORK INTERNATIONAL CANADA INDUSTRY KEYWORD: TELECOMMUNICATIONS EARNINGS CONFERENCE CALLS SOURCE: EXFO Electro-Optical Engineering Inc.

Copyright Business Wire 2005