Aecon Group Inc.

Aecon Group Inc.

March 04, 2008 17:51 ET

Aecon Boosts Dividends

TORONTO, ONTARIO--(Marketwire - March 4, 2008) -

Attention Business/Financial Editors:

Aecon Group Inc. (TSX:ARE) today announced that its Board of Directors has approved an increase in the dividend to be paid to all holders of Aecon Common Shares. Annual dividends will increase to $0.20 per share, to be paid in four quarterly payments of $0.05 per share. Aecon's previous dividend policy was to pay semi-annual dividends of $0.07 per share ($0.14 annually). The first quarterly dividend payment will be paid on April 2, 2008 to shareholders of record on March 19, 2008.

"Aecon's continued strong earnings and cash flow performance is indicative of its position in segments of the Canadian construction industry experiencing substantial and durable growth," stated John M. Beck, Chairman and CEO, Aecon Group Inc. "On the basis of this ongoing strength, the board has determined that Aecon is in a position, not only to continue to invest in significant growth, but also to provide an additional return to our shareholders through increased dividends."

About Aecon

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.

The information in this news release includes certain forward-looking statements. Forward-looking statements are based on estimates and assumptions derived from past experience and interpretation of historical trends, current conditions and expected future developments. Many factors could cause Aecon's actual results, performance or achievements to vary from those expressed or inferred by these statements, including without limitation, the future of the Eastmain Joint Venture to recover the value of unpriced change orders, risks associated with the Quito Airport Project and the various general and specific risks associated with operating in the construction and infrastructure development industry. Risk factors are discussed in greater detail in the Section entitled "Risk Factors and Uncertainties" in Management's Discussion and Analysis of operating results and Financial condition for the year ended December 31, 2007 to be filed on SEDAR at Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.

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