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Press release from Marketwire

ATCO Structures & Logistics Awarded Largest Canadian Contract in Company's History

Monday, March 05, 2012

ATCO Structures & Logistics Awarded Largest Canadian Contract in Company's History13:00 EST Monday, March 05, 2012CALGARY, ALBERTA--(Marketwire - March 5, 2012) - ATCO Structures & Logistics Ltd. Workforce housing project will support potash project in Saskatchewan CALGARY - ATCO Structures & Logistics has been awarded a multimillion-dollar contract to design, build and operate a 2,586-person turnkey workforce housing lodge for BHP Billiton's Jansen Potash Project, 100 km north of Regina. The accommodation facility is the largest Canadian contract in ATCO Structures & Logistics' history."Our reputation for designing, building, and operating large mining accommodations throughout the world, in addition to our ability to execute at a very high level, set the stage for this project," said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. "A contract to build a mining accommodation of this scope and scale reinforces our long-standing reputation for having the capacity to deliver a large and comfortable workforce housing lodge."The accommodation facility features diverse, high-end amenities including two pre-engineered buildings, a 20,000 sq. ft. sports complex with gymnasium, squash courts, weight room, and a raised running track that overlooks the gym. A recreational director will organize fitness programs. A separate pre-engineered building will house a 200-seat movie theatre. The core building includes a 1,200-person dining room, a separate private dining area, lounge, library, convenience store, medical centre, and full laundry service. Fireplaces located throughout the facility will provide a warm, comfortable setting. The two-storey accommodation wings are connected by arctic corridors and feature 160 sq. ft. bedrooms with private washrooms. Each room will include a flatscreen TV, phone and wireless internet capabilities. The first phase, comprising 500 rooms, will be operational in October 2012 with completion of the full 2,586-room camp and facilities scheduled for mid-2013. To help deliver components of this agreement, ATCO has partnered with Aboriginal groups in the Touchwood Hills area of Saskatchewan, including the George Gordon First Nation, Day Star First Nation, and Kawacatoose First Nation. An employment and training centre will be established on First Nation traditional territory.ATCO Structures & Logistics offers modular buildings, site services and industrial noise control 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 8,800 employees and assets of approximately $12 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: Craig AllowayATCO Structures & LogisticsDirector, Workforce Housing(403) 813-1951www.atco.com