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Press release from Marketwire

ATCO Wins Contract to Complete 7,700 Person Escondida Mining Camp in Chile

Lodging facilities will support expansion project at world's largest copper mine

Monday, September 24, 2012

ATCO Wins Contract to Complete 7,700 Person Escondida Mining Camp in Chile12:12 EDT Monday, September 24, 2012SANTIAGO, CHILE--(Marketwire - Sept. 24, 2012) - Tecno Fast ATCO S.A. has been awarded a contract to build the second phase of a workforce accommodation expansion for the Escondida copper mine in the Atacama Desert in northern Chile. Construction of the first phase of the project, which was awarded to Tecno Fast ATCO S.A. at the end of 2011, is expected to finish by the end of September, 2012. When both phases are complete, the 7,700 person industrial housing facility will provide sleeping accommodations, common facilities and utility infrastructure to support a mine expansion project at the world's largest copper mine. The dormitory-style accommodations feature spacious bedrooms with adjacent shared bathrooms. Common facilities include a dining room and kitchen, a central building with medical clinic, administration offices, access hall, boot room, gymnasium and fitness centre. Site utility infrastructure includes water and sewage treatment systems, utility distribution, fire suppression systems, roads, parking lots and walkways. Construction of the workforce accommodation project is underway with completion scheduled for early 2013. "The size and scope of this Escondida development demonstrates the mining industry's confidence in our ability to provide workforce housing in remote and rugged locations," said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. BHP Billiton is the majority owner and operates the Escondida Mine, 1,200 km north of Santiago and 3100m above sea level. BHP Escondida awarded Tecno Fast ATCO S.A. a special safety award for working 1.6 million person hours without a lost time incident during previous construction activities at the Escondida site. Tecno Fast ATCO S.A. is headquartered in Santiago, Chile and is a joint-venture company between Tecno Fast S.A. and ATCO Structures & Logistics Ltd. ATCO Structures & Logistics offers modular buildings, site service solutions and industrial noise control worldwide. With manufacturing facilities in North America, South America and Australia, and operations on five continents, the company has the expertise to rapidly deliver a 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 $13 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 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: Jason KielauATCO Structures & LogisticsSenior Manager, Business Development, South America403-880-7208www.atco.com