CAE (CAE) 40-F 2017 FY Annual report (Canada)

June 27, 2017

Consent of Independent Auditor

We hereby consent to the incorporation by reference in this Annual Report on Form 40-F for the year ended March 31, 2017 of CAE Inc. of our report dated May 31, 2017, relating to the consolidated financial statements, and the effectiveness of internal control over financial reporting, which appears in the Exhibit incorporated by reference in this Annual Report on Form 40-F.

We also consent to the incorporation by reference in the Registration Statements on Form S-8 (No. 333 97185 and 333-155366) of CAE Inc. of our report dated May 31, 2017 referred to above.

¹CPA auditor, CA, public accountancy Permit No. A123498

PricewaterhouseCoopers LLP

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“PwC”refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.