ACO.Y ATCO Ltd

ATCO Structures has been contracted to build a 600-person workforce housing and
a permanent core facility for workers at the Koniambo Nickel mine in New
Caledonia, off the east coast of Australia. When fully operational, the camp
facility will provide accommodation for 3,500 people.


The contract between ATCO Structures Pty Ltd. in Australia and Koniambo Nickel
includes the design, manufacture, transport and installation of a 187,000 square
foot (17,400 square meter) facility that includes a kitchen, dining,
recreational facilities, a medical centre and bakery complex as well as the
first phase of sleeping accommodations.


The ATCO Structures modular buildings will be manufactured in Brisbane,
Australia and transported to New Caledonia by sea. Installation of in-ground
services such as electrical, mechanical, sewer, water and fire water
distribution is scheduled next month.


"This is a substantial international project for our team and one where our
ability to fully understand the business needs of the local community was
instrumental in being awarded the contract," said Michael Shaw, President, ATCO
Structures and Managing Director, Global Enterprises ATCO Group. "We will
partner extensively with many local suppliers to support the execution of this
project."


The Koniambo mine will be among the world's lowest cost producers of nickel.
Located in the North Province of New Caledonia, first ore production is expected
in early 2011.


ATCO Structures Inc., part of the ATCO Group, has manufactured, sold and leased
workforce housing and modular buildings since 1947 in more than 100 countries
around the world. ATCO Group is an Alberta-based worldwide organization of
companies with assets of approximately $8.0 billion and more than 7,800 people,
actively engaged in Power Generation, Utilities (natural gas and electricity
transmission and distribution) and Global Enterprises (industrial manufacturing,
technology, logistics and energy services). Further information on ATCO can be
found at www.atco.com.


Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. The Corporation believes that the expectations reflected in the
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon.


The Corporation's actual results could differ materially from those anticipated
in these forward-looking statements as a result of regulatory decisions,
competitive factors in the industries in which the Corporation operates,
prevailing economic conditions, and other factors, many of which are beyond the
control of the Corporation.


The forward-looking statements contained in this news release represent the
Corporation's expectations as of the date hereof, and are subject to change
after such date. The Corporation disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable securities
regulations.

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