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Press release from Marketwire

ATCO to Supply Rio Tinto Alcan With 1,500-Person Workforce Housing Facility

Construction village will provide sleeping quarters, dining and recreation facilities for workers in Kitimat, BC

Wednesday, March 23, 2011

ATCO to Supply Rio Tinto Alcan With 1,500-Person Workforce Housing Facility12:02 EDT Wednesday, March 23, 2011KITIMAT, BRITISH COLUMBIA--(Marketwire - March 23, 2011) - ATCO Structures & Logistics has been awarded a contract to design and build a 1,500-person workforce housing facility for Rio Tinto Alcan Inc. The Kitimat Modernization Project (KMP) Construction Village will provide accommodation and amenities to workers at Rio Tinto Alcan's smelter rebuild project in Kitimat, BC. The contract was awarded by Bechtel, the engineering firm hired by Rio Tinto Alcan to oversee the project."This is a significant project for the Kitimat community and we are extremely pleased that ATCO has been chosen to provide accommodation facilities for this world-class project," said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. "As part of our commitment to working with the local community, ATCO has signed a memorandum of understanding with the Haisla Nation that will result in direct benefits for the Haisla community."Phase one of the KMP Construction Village will be built in 2011 and will house up to 500 people. The modular units, which have been designed to meet Kitimat's heavy snow loads, will be built at ATCO Structures & Logistics' manufacturing plant in Calgary and transported to Kitimat. When completed, the Kitimat Construction Village will include comfortable sleeping quarters with TVs and internet connectivity, a kitchen, dining room, laundry area and a recreation complex, including a gym and meeting areas.ATCO 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 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.FOR FURTHER INFORMATION PLEASE CONTACT: Jason KielauATCO Structures & LogisticsGeneral Manager, Workforce Housing(403) 880-7208www.atcosl.com