Finning International Inc.

Finning International Inc.

March 28, 2007 09:30 ET

Finning Announces Share Repurchase Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2007) - Finning International Inc. ("Finning") (TSX:FTT) today announced its intention to initiate a normal course issuer bid. Under the issuer bid, Finning is entitled to purchase, if deemed appropriate, up to 8,929,263 common shares during the 12 month period commencing on March 30, 2007 and ending on March 29, 2008.

Finning had 89,631,955 common shares issued and outstanding at March 27, 2007. The shares that may be repurchased under this issuer bid represent 10% of Finning's public float, which is estimated to be 89,292,634 common shares.

The actual number of shares to be purchased and the timing of these purchases will be determined by Finning. All shares purchased under this issuer bid will be purchased on the TSX at market prices and will be cancelled.

Finning will use this normal course issuer bid program to acquire common shares in order to mitigate the dilutive effect of stock options issued under its management stock option plan. Finning also believes that, from time to time, the market price of its shares may not reflect their underlying value. At such times, the purchase of shares for cancellation will be advantageous to shareholders by increasing the value of shares remaining.

A copy of the Notice of Intention to make a Normal Course Issuer Bid is available on SEDAR. Shareholders may also obtain a copy of the Notice, at no charge, by contacting the Corporate Secretary's Department.

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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