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Press release from Marketwire

ATCO Building Second Construction Village on Curtis Island

Camp will accommodate 1,700 workers and provide temporary modular offices

Wednesday, May 25, 2011

ATCO Building Second Construction Village on Curtis Island08:30 EDT Wednesday, May 25, 2011GLADSTONE, AUSTRALIA--(Marketwire - May 25, 2011) - ATCO Structures & Logistics (ATCO) has begun building a second 1,700-person construction camp, along with temporary offices, on Curtis Island, Queensland, for the Gladstone Liquefied Natural Gas (GLNG) project. This win follows the announcement earlier this month that ATCO had begun building a construction village for the Queensland Curtis LNG Project.The GLNG Project is a joint venture of Santos, PETRONAS, Total and Kogas. The construction village for the GLNG project will provide workforce housing and recreational amenities for workers constructing the GLNG processing plant on Curtis Island. The contract for the construction village was awarded to ATCO by Bechtel, the prime EPC contractor working for GLNG joint venture to design and build the project."We have a long history of providing quality modular solutions to the resource industry in Australia," said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. "We're appreciative that Bechtel has chosen ATCO to accommodate its workforce with our safe, cost-effective housing."The two-storey construction village will be in place for approximately 44 months and will comprise 336 modular units for the housing facility and 400 modular units for the office complex. They will be built at ATCO's manufacturing plants in Brisbane and Townsville, transported to Curtis Island, and installed by ATCO. The construction village will include sleeping quarters with flat screen TVs and internet connectivity, a dining facility and laundry area. Recreational amenities will include a swimming pool, barbecue facilities and golf and cricket nets.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: Michael ClennettATCO Structures & Logistics PTYManaging Director(617) 3412 7805www.atcosl.com