Press releases 2008
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TransForce Income Fund completes conversion to TransForce Inc.

Shares of TransForce Inc. to commence trading on May 20 under stock symbol “TFI”


Montreal, Quebec, May 14, 2008 – TransForce Income Fund (TSX: TIF.UN), a leader in the
Canadian transportation and logistics industry, today obtained a final order from the Québec
Superior Court with respect to its previously-announced Plan of Arrangement, as well as Articles of
Arrangement from Industry Canada, thereby completing the conversion of TransForce Income Fund
into TransForce Inc.


Effective today, all of the outstanding trust units of TransForce Income Fund and “tracking share
units” of TFI Holdings Inc., an affiliated corporation, have been exchanged for common shares of
TransForce Inc. on a one-for-one basis. As a result, there are 86,790,097 common shares of
TransForce Inc. issued and outstanding.


The common shares of TransForce Inc. will commence trading on the Toronto Stock Exchange on
Tuesday, May 20, 2008 under the stock symbol “TFI”, at which time the trust units of TransForce
Income Fund will be delisted from the TSX.