Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

June 30, 2008 13:56 ET

Aecon Releases Details of Quarterly Dividend Payments

TORONTO, ONTARIO--(Marketwire - June 30, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) today released the details of its previously announced dividend payments for 2008 dividends.

On March 4, 2008 Aecon announced that its Board of Directors had approved annual dividends of $0.20 per share, to be paid in four quarterly payments of $0.05 per share. The first quarterly dividend payment was paid on April 2, 2008 to shareholders of record on March 19, 2008.

Aecon's second quarterly dividend will be paid on July 7, 2008 to shareholders of record on July 3rd 2008. Beginning with Aecon's third quarterly dividend and until further notice, Aecon's quarterly dividends will be paid on the first business day of each quarter (January, April, July and October) to shareholders of record 10 calendar days prior to the payment date.

"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."

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. 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 filed on SEDAR at www.sedar.com. 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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