MONTREAL, Aug. 15, 2012 /CNW Telbec/ – The Caisse de d pôt et placement
du Qu bec (“Caisse“) announced that it acquired today, on the Toronto Stock Exchange,
ownership and control over 63,000 common shares of Student
Transportation Inc. [TSX: STB] (“Student“), representing approximately 0.08% of Student’s outstanding common
shares, at an average price of CA$ 6.29 per share.

Prior to this acquisition, the Caisse held 7,536,518 common shares of
Student and, following the acquisition, the number of Student’s common
shares held by the Caisse will be 7,599,518 or 10% of common shares
outstanding.

The Caisse may modify its investment in Student in response to market
conditions or other relevant factors.

This news release is issued in compliance with the early warning system
pertaining to the applicable securities regulations which requires
investors, including the Caisse, to issue and file a news release and a
report, notably, when they acquire beneficial ownership of, or control
or direction over, voting securities of a reporting issuer such as
Student, that, together with the securities that they already own,
would constitute 10% or more of the outstanding securities of that
class.

A copy of the early warning report will be filed with the applicable
Canadian securities regulatory authorities and will be available on
SEDAR’s website (www.sedar.com) or by contacting the person mentioned below.

SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC