EVEREADY INCOME FUND
TSX : EIS.UN

EVEREADY INCOME FUND

July 15, 2005 08:30 ET

Eveready Announces July Distribution

EDMONTON, ALBERTA--(CCNMatthews - July 15, 2005) - Eveready Income Fund (TSX:EIS.UN) ("Eveready") announced that the board of trustees of Eveready has declared a cash distribution of $0.03 per unit for the month of July to Eveready's unitholders. This payment represents $0.36 per unit on an annualized basis. Payment will be made on or about August 15, 2005 to unitholders of record as of the close of business on July 29, 2005. Investors are cautioned that monthly distributions are always subject to approval from the board of trustees and may be increased, decreased or suspended by the board at anytime.

Eveready Income Fund is one of Canada's leading providers of industrial cleaning, oilfield, and environmental services to the energy, resource, and manufacturing sectors. The units of Eveready are listed for trading on the Toronto Stock Exchange under the trading symbol "EIS.UN".

This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Eveready to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, fluctuations in the market for oil and gas and related products and services, political and economic conditions, the demand for services provided by Eveready, industry competition and Eveready's ability to attract and retain both customers and key personnel.

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