Finning International Inc.

Finning International Inc.

April 05, 2007 12:51 ET

Finning Announces Plans for a Two for One Share Split

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 5, 2007) - Finning International Inc. ("Finning") (TSX:FTT) today announced that its Board of Directors has recommended that shareholders approve a two-for-one division, or share split, of its issued and outstanding common shares. The required shareholder approval will be sought at Finning's annual meeting of shareholders scheduled for May 9, 2007. In addition, the stock split is subject to receipt of all required regulatory approvals.

If the proposed subdivision is approved by shareholders at the meeting, it is expected that the record date for the subdivision would occur by the end of May 2007. Normally, the trading of the divided common shares on the Toronto Stock Exchange would begin two business days prior to the record date. Finning will make an advance announcement of the record date when that date has been determined. Certificates for the additional common shares resulting from the subdivision will be mailed to shareholders as soon as possible after the record date. Shareholders should retain their existing share certificates and not send them to Finning or its transfer agent.

"The decision to recommend a stock split reflects the profitable growth that Finning has experienced as well as the bright outlook for the future," said Doug Whitehead, President and CEO of Finning International Inc. "The recommendation reflects our desire to increase the liquidity of our stock to benefit existing and new shareholders, and in addition to encourage wider ownership by supporting trading at a more accessible price per share. If approved by the shareholders, this will be the fifth two-for-one share split in the company's history."

More information relating to the proposed share split can be found in the management proxy circular for the annual meeting which is being filed on the SEDAR website ( today.

Finning International Inc. is one of the world's largest Caterpillar equipment dealers. The Company sells, rents and provides customer support services for Caterpillar equipment and engines in Western Canada, the U.K., and South America (Argentina, Bolivia, Chile and Uruguay). Finning also owns Hewden, the largest equipment rental business in the U.K. Headquartered in Vancouver, British Columbia, Canada, Finning International Inc. is a widely held, publicly traded corporation, listed on the Toronto Stock Exchange (symbol FTT). For additional information please visit our website at

This release may contain forward-looking statements and information, which reflect the current view of Finning International Inc. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and Finning's actual results of operations could differ materially from historical results or current expectations. Finning assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein do not materialize.

Refer to Finning's annual report, management information circular, annual information form and other filings with the Ontario Securities Commission and Toronto Stock Exchange for further information on risks and uncertainties that could cause actual results to differ materially from forward-looking statements contained in this report.

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