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Press release from CNW Group

Foraco announces change to proposed record date for annual dividend being presented for approval at shareholders' meeting

Tuesday, May 11, 2010

Foraco announces change to proposed record date for annual dividend being presented for approval at shareholders' meeting18:02 EDT Tuesday, May 11, 2010/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/MARSEILLES, France, May 11 /CNW/ - Foraco International SA (the "Company" or "Foraco") will be having its ordinary and extraordinary meeting of shareholders on May 18, 2010 (the "Meeting").At the Meeting, the Company will be proposing an amendment to the resolution that relates to the approval of the Company's annual dividend (Resolution No.10 as set out in the Company's Information Circular dated April 16, 2010). The Company will be proposing that the dividend record date be changed from Tuesday, May 18, 2010 to Tuesday, May 25, 2010. The dividend payment date of June 15, 2010 will remain unchanged.About Foraco International SAForaco International SA (TSX: FAR) is a global leading drilling services company that provides turnkey solutions for mining, energy, water and infrastructure projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into a global enterprise with operations in 20 countries across five continents. For more information about Foraco, visit www.foraco.com.To receive Company press releases, please email jennie@chfir.com and mention "Foraco News" on the subject line.Caution concerning forward-looking statementsThis document may contain "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. These statements and information include estimates, forecasts, information and statements as to management's expectations with respect to, among other things, the future financial or operating performance of the Company and the payment of dividends. Often, but not always, forward-looking statements and information can be identified by the use of words such as "may", "will", "should", "plans", "expects", "intends", "anticipates", "believes", "budget", and "scheduled" or the negative thereof or variations thereon or similar terminology. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are cautioned that any such forward-looking statements and information are not guarantees and there can be no assurance that such statements and information will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2010, which is filed with Canadian regulators on SEDAR (www.sedar.com). The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to Foraco or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.For further information: CHF Investor Relations at: Jeanny So, Director of Operations, Email: jeanny@chfir.com, Tel: (416) 868-1079 x 225