Parkland Income Fund currently operates retail and wholesale fuels and convenience store businesses under its Fas Gas Plus, Fas Gas, Race Trac Fuels and Short Stop Food Stores brands and through independent branded dealers, and transports fuel and other products through its Distribution division. With approximately 585 locations, Parkland has developed a strong market niche in Canadian non-urban markets focused in the West. The Fund supplies propane, bulk fuel, heating oil, lubricants, industrial fluids, agricultural inputs and associated services to commercial and industrial customers in Alberta, British Columbia and the Yukon Territory under the Neufeld, United Petroleum and Great Northern Oil brands.

Additionally, Parkland operates the Bowden refinery near Red Deer, Alberta as a storage and contract-processing site. The Fund is also a 25 percent joint venture partner in a study, due to be completed by the end of 2008, to determine the feasibility of building a $300 million facility to refine condensate into petroleum and other products.

Parkland is focused on creating and delivering value for its unitholders through the continuous refinement of its site portfolio, increasing revenue diversification through growth in non-fuel revenues and active supply chain management.

UPPI has grown through a focus on exceptional customer service. This philosophy is echoed by Parkland Industries and we are excited about the synergy this promises between the two companies. We look forward to continuing to develop this focus as we serve our customers in the future.