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Aecon secures fabrication contract for oilsands

Mar 3, 2008

Cambridge, Ontario– March 3, 2008: Aecon Group Inc. (TSX: ARE) announced today that its Industrial Central division has secured a fabrication contract valued at over $25 million for an oilsands project in Alberta.

Under the contract, Aecon Industrial will perform pipe spool fabrication for Shell Canada’s Scotford Upgrader Expansion 1. The project will be carried out at Aecon’s Cambridge, Ontario fabrication facility. Work includes approximately 500,000 diameter inches of welding for carbon, stainless and alloy steel pipe spools and is scheduled to continue until Spring 2009.

This marks Aecon’s second contract for work on the Shell Upgrader Scotford Expansion 1. Aecon Industrial’s Western division is currently performing module work, which includes the fabrication of specialty pipe and the assembly of approximately 200 pipe rack and process modules for the Upgrader.

“We are very pleased with the confidence Shell has demonstrated in Aecon and are proud to be continuing our work serving Shell’s Scotford project from Cambridge as well as Edmonton,” said Paul Koenderman, Executive Vice President, Aecon Group Inc. and CEO, Aecon Industrial. “This contract is the largest fabrication contract ever awarded to Aecon’s Cambridge facility and contributes to the continued growth of this business unit.”

Aecon Group Inc. is Canada’s largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine.