<PAGE> 1
<TABLE>
<CAPTION>
EXHIBIT 3.1
Canada Business Loi canadienne sur les ARTICLES OF INCORPORATION STATUTS CONSTITUTIFS
Corporations Act societes par actions (SUMMARY IN ENGLISH) (RESUME EN FRANCAIS)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1- Name of corporation Denomination de la societe
EXFO Electro-Optical Engineering Inc. EXFO Ingenierie Electro-Optique inc.
-----------------------------------------------------------------------------------------------------------------------------------
2- The place in Canada where the registered office is to be situated Lieu au Canada ou doit etre situe le siege social
Quebec City Metropolitan Area Region metropolitaine de Quebec
-----------------------------------------------------------------------------------------------------------------------------------
3- The classes and any maximum number of shares that the Categories et tout nombre maximal d'actions que la
corporation is authorized to issue societe est autorisee a emettre
Schedule A attached hereto is incorporated herein L'annexe A ci-jointe fait partie integrante du present
by reference as if herein set forth at length formulaire.
-----------------------------------------------------------------------------------------------------------------------------------
4- Restrictions, if any, on share transfers Restrictions sur le transfert des actions,
s'il y a lieu
None Aucune
-----------------------------------------------------------------------------------------------------------------------------------
5- Number (or minimum and maximum number) of directors Nombre (ou nombre minimal et maximal) d'administrateurs
Schedule B attached hereto is incorporated herein by reference L'annexe B ci-jointe fait partie integrante du present
as if herein set forth at length formulaire
-----------------------------------------------------------------------------------------------------------------------------------
6- Restrictions, if any, on business the corporation may carry on Limites imposees a l'activite commerciale de la
societe, s'il y a lieu
None. Aucune.
-----------------------------------------------------------------------------------------------------------------------------------
7- Other provisions, if any Autres dispositions, s'il y a lieu
The directors may, without obtaining the authorization Les administrateurs peuvent, sans devoir obtenir
of the shareholders, borrow money on the credit of the l'autorisation des actionnaires, contracter des
Corporation, issue bonds and other securities,give a emprunts sur le credit de la Societe, emettre des
guarantee on behalf of the Corporation to secure obligations et autres valeurs mobilieres, garantir,
performance of an obligation of any person and au nom de la Societe, l'execution des obligations
mortgage, hypothecate, pledge or create a security d'une autre personne et grever d'une surete, notamment
interest in the Corporation's properties. par hypotheque, les biens de la Societe.
-----------------------------------------------------------------------------------------------------------------------------------
: :
: :
-----------------------------------------------------------------------------------------------------------------------------------
:
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
SCHEDULE A
DESCRIPTION OF CURRENT SHARE CAPITAL
(SUMMARY IN ENGLISH)
The Corporation is authorized to issue an unlimited number of Class "A" Shares,
Class "B" Shares, Class "C" Shares, Class "D" Shares, Class "E" Shares, Class
"F" Shares and Class "G" Shares, all without par value. The following is a
summary of the rights, privileges, restrictions and conditions attached thereto:
Class "A" Shares: Voting and participating;
Class "B" Shares: Non-voting, participating, redeemable at the option of
the holder at their paid-in value, ranking in priority
to Class "A", Class "E" and Class "F" Shares;
Class "C" Shares: Non-voting, non-participating, bearing a non-cumulative
annual dividend at a rate to be determined by the Board
of Directors but not less than 10% of their paid-in
value, redeemable at the option of the holder or
Corporation at their paid-in value plus any unpaid
dividends, ranking in priority to Class "A" Shares,
Class "B" Shares and Class "F" Shares;
Class "D" Shares: Non-voting, non-participating, bearing a cumulative
annual dividend calculated on their paid-in value using
the Bank of Canada base rate in effect at the beginning
of the Corporation's fiscal year, redeemable at the
option of the Corporation at their paid-in value plus
any unpaid dividends, ranking in priority to Class "A"
Shares, Class "B" Shares, Class "C" Shares and Class
"F" Shares;
Class "E" Shares: Non-voting, non-participating, bearing a non-cumulative
dividend at a rate of 0.5% per month of their paid-in
value, redeemable at the option of the holder or the
company at their paid-in value plus a premium and any
unpaid dividends, ranking in priority to Class "A"
Shares, Class "C" Shares, Class "D" Shares and Class
"F" Shares;
Class "F" Shares: Non-voting, participating, automatically converted into
the class of shares offered to the public upon an
initial public offering for shares of the Corporation;
Class "G" Shares: Non-voting, non-participating, mandatorily redeemable
on November 30, 2000 at their paid-in value, ranking in
priority to Class "B" Shares, Class "C" Shares, Class
"D" Shares and Class "E" Shares; the Corporation may
elect to settle the redemption value, provided the
Corporation has effected an initial public offering of
its Class "A" Shares,
<PAGE> 3
by issuing the number of Class "A" Shares obtained by
dividing the paid-in value of the Class "G" Shares,
being C$800,000, by the average trading price of the
Class "A" Shares for a period of ten trading days
preceding November 30,2000; ranking after Class "A" and
Class "F" Shares.
<PAGE> 4
SCHEDULE B
ANNEXE B
NUMBER (OR MINIMUM AND MAXIMUM NUMBER) OF DIRECTORS
The minimum number of directors shall be 3, and the maximum number of directors
shall be 12. Moreover, directors shall be authorized to appoint one or more
directors (in addition to the number of directors elected at the last annual
meeting of shareholders) who shall hold office for a term expiring not later
than the close of the next annual meeting of shareholders, but the total number
of directors so appointed may not exceed one third of the number of directors
elected at the previous annual meeting of shareholders.
