MONTREAL, March 9, 2006 – TransForce Income Fund (TSX: TIF.UN) announced today that it has
issued 750,000 additional trust units following the exercise in full of an over-allotment option by
the underwriters of TransForce’s public offering. The 750,000 additional units were issued at the
offering price of $18.40 per unit, for gross proceeds to TransForce of $13.8 million.
At the closing of the public offering held on February 28, 2006, TransForce issued 7,500,000 trust
units for gross proceeds to it of $138 million. As a result of the exercise in full of the over-allotment
option, TransForce raised a total of $151.8 million in its public offering, by issuing a total of
8,250,000 trust units.
The 750,000 additional 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 exercise of the over-allotment option will be
used by TransForce to reduce bank indebtedness.