ACO.Y ATCO Ltd

ATCO Structures & Logistics (ASL) is expanding its network of operations into northern Ontario through an agreement to acquire the assets of Woodgreen Homes & Trailer Sales, based in Timmins.

"Establishing a presence in northern Ontario is very important to ASL," said Harry Wilmot, President and Chief Operating Officer, ATCO Structures & Logistics. "The opportunity to bring our excellence in camp services and catering, industrial noise control and modular buildings closer to the mining industry is an exciting opportunity."

Woodgreen has been operating in Timmins for more than 40 years. Nineteen people are employed there.

"This agreement is a collaboration of great product, great people and great service," Wilmot said. "Our focus will be on providing timely support and service to our customers."

The Timmins branch is ASL's third Ontario location. The company also has offices in Toronto and Ottawa.

ATCO Structures & Logistics offers complete infrastructure solutions worldwide. With manufacturing facilities in North America, South America, Australia, and the Middle East and operations on six continents, the company has the expertise to deliver a rapid, full turnkey solution anywhere it is needed. To learn more visit www.atcosl.com.

ATCO Structures & Logistics is part of the ATCO Group of Companies. With more than 7,500 employees and assets of approximately $10 billion, ATCO Group delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquid extraction), Structures & Logistics (manufacturing, logistics and noise abatement) and Technologies (business systems solutions). Full details can be found at www.atco.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves 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 information. The Corporation believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Corporation's expectations as of the date hereof, and is subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

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Contacts: ATCO Structures & Logistics Ltd. Boris Rassin Executive VP, Business Development 403-880-7208 www.atcosl.com www.atco.com