ACO.Y ATCO Ltd

ATCO Structures & Logistics announced today that it has signed a Memorandum of
Understanding (MOU) with the Denesoline Corporation, the economic development
arm of the Lutsel K'e Dene First Nation, located on the south shore of Great
Slave Lake in NWT. ATCO and the Denesoline Corporation have agreed to jointly
pursue commercial and industrial projects including infrastructure construction
within the traditional territory of the First Nation. 


"We look forward to working with the Denesoline Corporation on several projects
in their traditional territory, including the Gahcho Kue," said Harry Wilmot,
President & Chief Operating Officer, ATCO Structures & Logistics. "We are
confident that this MOU is the beginning of a long and mutually successful
partnership that will allow ATCO to bring its expertise in commercial modular
construction and site services to the region and contribute to economic growth
and capacity building. This agreement builds on ATCO's successful track record
for developing northern partnerships across multiple business lines including
power generation, electric transmission and pipeline projects." 


The Denesoline Corporation manages for-profit businesses and works to create
economic benefits for the Lutsel K'e Dene First Nation through joint venture
partnerships, investment in private operating companies and by providing
employment opportunities for local residents. By partnering with ATCO,
Denesoline will be able to further its strategic goal of increasing the
employability of community members. 


"Resource development activity in the Northwest Territories must benefit the
First Nations people and together with ATCO we have an opportunity to pursue
these projects in a way that will benefit the Lutsel K'e Dene First Nation,"
said Roy Shields, Chief Executive Officer of the Denesoline Corporation. 


ATCO Structures & Logistics offers modular buildings, site services and
industrial noise control solutions worldwide. With manufacturing facilities in
North America, South America and Australia, and operations on six continents,
the company has the expertise to deliver a rapid, turnkey solution anywhere it
is needed. To learn more, visit www.atcosl.com. 


ATCO Structures & Logistics is part of the ATCO Group of Companies. ATCO Group,
with more than 9,400 employees and assets of approximately $14 billion, delivers
service excellence and innovative business solutions worldwide with leading
companies engaged in structures & logistics (manufacturing, logistics and noise
abatement), utilities (pipelines, natural gas and electricity transmission and
distribution), energy (power generation, natural gas gathering, processing,
storage and liquids extraction) and technologies (business systems solutions).
More information can be found on 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ATCO Structures & Logistics
Alisa Charkova
Senior Advisor, External Communications
403 292-7769 or Mobile: 403 826-0961

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