HNZ Group – new name for Canadian Helicopters confirmed

HNZ Group – new name for Canadian Helicopters confirmed

15-May-2012 Source: Canadian Helicopters

Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B) (“the Company”), an international provider of helicopter transportation and related support services, announced that the Company’s shareholders approved a special resolution to change the Company’s name from “Canadian Helicopters Group Inc.” to “HNZ Group Inc.” at the Company’s annual and special meeting of shareholders held today. The name change is subject to the approval of the Toronto Stock Exchange and, provided this approval is obtained, the Company intends to implement the name change in July 2012. The Company’s common shares and variable voting shares would then trade under the symbols “HNZ.A” and “HNZ.B”, respectively.

Canadian Helicopters Group is an international provider of helicopter transportation and related support services with fixed primary operations in Canada, Australia, New Zealand and regions of Southeast Asia. The group also delivers contracted on demand support in Afghanistan and Antarctica. Charter operations are provided under two brands: Helicopters New Zealand (HNZ) in the Asia Pacific and Antarctica regions and Canadian Helicopters Limited (CHL) in Canada and Afghanistan. In addition to charter services, the Company provides flight training and third party repair and maintenance services. With headquarters near Montreal, Canada, the Company operates approximately 140 helicopters and employs approximately 800 personnel.

This press release contains forward-looking statements relating to the proposed name change. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they were made. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise unless being required by applicable laws.

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