Enerflex Systems Income Fund

Enerflex Systems Income Fund

December 01, 2005 23:59 ET

Enerflex Systems Ltd. Announces Intention to Increase Dividends by 25%

CALGARY--(CCNMatthews - Dec. 1) - Enerflex Systems Ltd. is pleased to announce that the Company's Board of Directors has approved announcing its intention to increase the routine quarterly cash dividends paid on the corporation's common shares by 25% from 10.0 cents to 12.5 cents per common share commencing with the dividend payable in April 2006. Payment of specific dividends will be subject to the usual legal restrictions and Board approval at the time of declaration.

The Board's decision is based on the significant improvement in the Company's operating performance, strong financial position and outlook for the future as well the increasing importance many investors are placing on income distributions including dividends.

Enerflex Systems Ltd. is a leading supplier of products and services to the global oil and gas production industry. Our core expertise lies between the wellhead and the pipeline. Enerflex provides natural gas compression, power generation and process equipment for sale or lease, hydrocarbon production and processing facilities, electrical, instrumentation and controls services and a comprehensive package of field maintenance and contracting capabilities. Through our ability to provide these products and services in an integrated manner, or as standalone offerings, Enerflex offers its customers a unique value proposition.

Headquartered in Calgary, Canada, the Company has approximately 2,400 employees and operations in Canada, Australia, the Netherlands, Indonesia, the United States, Pakistan and Germany. The Company's shares trade on the Toronto Stock Exchange under the symbol EFX.

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