SAS Commits $30 Million to Develop its New Canadian Corporate Headquarters in Toronto’s South East Downtown Neighbourhood

Mayor David Miller joins SAS Canada President, Carl Farrell and Economic Development Committee Chair, Councillor Brian Ashton in groundbreaking ceremony and celebration of investment into community

TORONTO, ON (March 9, 2004) – SAS Canada, the world�s largest privately held software company, today announced that it is committing $30 million to the development of its new Canadian corporate headquarters at 280 King Street East. The project includes the construction of a new 110,000 square foot facility and a further investment into the area for the development of neighbourhood betterment projects.

Mayor David Miller joined Economic Development Committee Chair, Councillor Brian Ashton and SAS Canada President, Carl Farrell in a groundbreaking ceremony to celebrate SAS� commitment to the community and its contribution to Toronto�s architectural renaissance

SAS Canada also announced its intent to work closely with the Mayor�s office and Ward 28 Councillor Pam McConnell to identify appropriate neighbourhood development projects for investment.

“The City of Toronto is proud to have been chosen as the location for SAS Canada�s new Canadian headquarters. It is a testament to our diverse pool of technology-oriented talent, abundance of corporate headquarters and efficient transit system that Toronto was able to draw a world-class software company to invest $30 million in a new headquarters,” said Mayor David Miller.

The new headquarters, slated for completion in the Fall of 2005, will stand eight stories and feature the latest advancements in environmental and architectural design allowing it to become the first building in Toronto to be LEED* (Leadership in Energy and Environmental Design) certified. Besides housing employees, SAS will also be leasing out office and retail space to other Canadian businesses.

“This is an exciting moment for SAS Canada�s employees, partners and customers. Our new building will be the launch pad for additional corporate growth and the establishment of deeper client relationships,” said SAS Canada President, Carl Farrell. “We are looking forward to being an active member of the South East Downtown community and building on the revitalization momentum currently underway.”

* Additional information on LEED certification –