AEROPLAN CANADA INC.

AEROPLAN CANADA INC.

May 15, 2008 06:36 ET

Aeroplan Income Fund Announces May 2008 Distribution

    MONTREAL, May 15  - Aeroplan Income Fund (TSX: AER.UN)
announced today that a cash distribution in the amount of $0.07 per Fund unit,
covering the period from May 1 to May 31, 2008, will be paid on June 16, 2008,
to unitholders of record at the close of business on May 30, 2008.

    About Aeroplan Income Fund

    Aeroplan Income Fund is an unincorporated, open-ended trust established
under the laws of the Province of Ontario. Aeroplan Income Fund is the owner
of Aeroplan Limited Partnership, Canada's premier loyalty marketing company
and operator of the Aeroplan loyalty program and Loyalty Management Group
Limited, operator of Nectar, the United Kingdom's leading coalition loyalty
program.

    For more information about Aeroplan, please visit www.aeroplan.com.
    %SEDAR: 00022208EF



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