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TransForce Income Fund obtains interim order in connection with proposed conversion to a growth-oriented, dividend-paying corporation

Annual and Special Meeting of Unitholders to be held on May 12, 2008


Montreal, April 7, 2008 — TransForce Income Fund (TSX: TIF.UN) (“TransForce” or the “Fund”),
the leader in the Canadian transportation and logistics industry, announces that the Québec
Superior Court today issued an interim order in connection with TransForce’s previously-announced
plan of arrangement, which will result in the conversion of TransForce from an income fund to a
corporation (the “Reorganization”). The interim order of the Court confirmed the calling of an annual
and special meeting of unitholders of the Fund and a special meeting of shareholders of TFI
Holdings Inc., an affiliated corporation, for the purpose of considering the Reorganization.


The two meetings will be held in Laval, Québec on May 12, 2008. A management proxy circular of
the Fund and TFI Holdings Inc. will be mailed to unitholders of the Fund and shareholders of TFI
Holdings Inc. shortly. A copy of the circular will also be available under the Fund’s profile on SEDAR
at www.sedar.com.


The Reorganization is subject to receipt of all required court and regulatory approvals and approval
by at least 66 2/3% of the votes cast by unitholders of the Fund and by at least 66 2/3% of the
votes cast by shareholders of TFI Holdings Inc., other than affiliates of the Fund.


The interim order provides that should the Reorganization be approved by the required majorities,
the Fund will appear before the Court in order to obtain a final order at 9:15 a.m. on May 14, 2008,
in Room 16.12 of the Palais de justice, 1 Notre‑Dame Street East, Montreal, Québec. A notice of
presentation of the final order will be annexed as a schedule to the management proxy circular.