Press releases 2006
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TransForce Income Fund Completes $138 Million New Issue

MONTREAL, February 28, 2006 – TransForce Income Fund (TSX: TIF.UN) announced today that it
has completed its previously-announced public offering of 7,500,000 trust units at a price of $18.40
per unit, for gross proceeds to the Fund of $138 million.


The 7,500,000 trust units were sold to a syndicate of underwriters co-led by National Bank Financial
Inc. and RBC Dominion Securities Inc., as joint book-runners, and including BMO Nesbitt Burns
Inc., Scotia Capital Inc., Sprott Securities Inc., Dundee Securities Corporation and Wellington West
Capital Markets Inc. The net proceeds from the new issue will be used by TransForce to reduce bank indebtedness.


TransForce has granted an over-allotment option to the underwriters , exercisable for the next 30
days, to purchase up to 750,000 additional trust units at the offering price of $18.40 per unit, solely
to cover over-allotments, if any, and for market stabilization purposes.