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Press release from Marketwire

ATCO Recognized With Modular Building Institute's Awards of Distinction

First place awarded for modular restaurant/residence constructed after devastating earthquake in Chile

Monday, March 21, 2011

ATCO Recognized With Modular Building Institute's Awards of Distinction12:02 EDT Monday, March 21, 2011CALGARY, ALBERTA--(Marketwire - March 21, 2011) - ATCO Structures & Logistics has won an Award of Distinction from the Modular Building Institute (MBI). The award is for Restaurante Rucaray, a restaurant/residence built and donated by ATCO to the restaurant's proprietor following the February, 2010 earthquake in Chile."The earthquake that struck Chile just over a year ago destroyed many businesses. Restaurante Rucaray served as a central meeting place for the residents of Cauquences. ATCO wanted to support the community by rebuilding this local social hub while the town was being reconstructed," said Louie Guglielmo, ATCO's Deputy Manager in Chile.The modern building, designed by architect Mathias Klotz, is 1,930 square feet. It comprises a first floor restaurant that seats up to 50 people, a kitchen and serving area. The second floor residence includes two bedrooms, kitchen, bathroom, laundry room, living area and terrace. The third story terrace is used as an overflow for the restaurant as well as an outdoor living area. Contributions by Santander Banefe and the Ministerio de Vivenda also helped to get Restaurante Rucaray operational.The MBI's Awards of Distinction are judged on three criteria: architectural excellence, technical innovation, energy efficiency and cost. ATCO won the award in the category of Permanent Modular: Retail or Hospitality.ATCO was also recognized with honourable mentions for the following:- Permanent Modular Healthcare - a health care clinic in Santiago, Chile- Temporary Modular under 5,000 sq. ft - a well site accommodation near Grand Junction, Colorado- Marketing Piece – a sales brochure for ATCO's blast resistant buildingsATCO Structures & Logistics offers modular buildings and operational support solutions worldwide. With manufacturing facilities in North America, South America and Australia, and operations on five 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 7,700 employees and assets of approximately $10 billion, 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 liquids extraction), Structures & Logistics (manufacturing, logistics and noise abatement) 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 information. Forward-looking information is often, but not always, identifiedby 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 reflectedin the forward-looking information arereasonable, 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.FOR FURTHER INFORMATION PLEASE CONTACT: Shauna PeetsATCO Structures & LogisticsManager, Marketing & Communications(403) 880-7208