ACO.Y ATCO Ltd

The Toronto Stock Exchange (the "Exchange") has accepted ATCO Ltd.'s (the
"Corporation") Notice of Intention to Make a Normal Course Issuer Bid (the
"Notice") pursuant to which the Corporation intends to make a normal course
issuer bid ("NCIB") for certain of its outstanding Class I Non-Voting Shares
("Class I Shares") on the terms set forth in the Notice. At the time of filing
the Notice, the Board of Directors of the Corporation was of the belief, and
continues to be of the belief, that the purchase of Class I Shares from time to
time at appropriate prices will minimize any dilution resulting from the
exercise of stock options to purchase Class I Shares and is an advantageous use
of the Corporation's funds. 


On February 14, 2014, 101,474,832 Class I Shares were issued and outstanding.
Under the terms of the Notice and the rules of the Exchange, the Corporation may
acquire up to 2,029,496 Class I Shares of the Corporation (being 2% of the Class
I Shares issued and outstanding as at February 14, 2014, excluding any Class I
Shares held by or on behalf of the Corporation on such date), during the period
commencing on March 3, 2014 and ending on February 27, 2015 or such earlier date
on which the Corporation completes its purchases of Class I Shares under the
NCIB or terminates the NCIB at its option. 


The aggregate number of Class I Shares that the Corporation may purchase under
the NCIB during any trading day is subject to a maximum daily purchase limit of
24,876 Class I Shares (being 25% of the average daily trading volume for the six
calendar months preceding the date of the acceptance of the Notice) from March
3, 2014 to the termination of the NCIB. Exceptions may be made to this daily
purchase limit in accordance with the "block purchase" exemptions of the
Exchange policy. 


Any Class I Shares purchased pursuant to the Notice will be cancelled. Class I
Shares will be purchased at the market price of the Class I Shares at the time
of purchase and will be purchased on behalf of the Corporation by a registered
investment dealer through the facilities of the Exchange and any alternate
trading systems through which trades of the Class I Shares may be effected under
applicable securities laws. Any purchase of Class I Shares pursuant to the NCIB
will be financed out of cash and working capital of the Corporation.


The Corporation purchased 62,000 Class I Shares at an average trading price of
$47.91 during the most recent 12-month period preceding the date hereof pursuant
to a normal course issuer bid which commenced on March 1, 2013 and expires on
February 28, 2014. All of such purchases were made by means of open market
transactions through the facilities of the Exchange. 


A copy of the Notice may be obtained by any shareholder without charge by
contacting the Corporate Secretary at the head office of the Corporation. 


ATCO Ltd., with more than 9,800 employees and assets of approximately $16
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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ATCO Ltd.
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
(403) 292-7502
www.atco.com

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