Finning International Inc.
TSX : FTT

Finning International Inc.

March 31, 2006 10:00 ET

Finning Appoints Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 31, 2006) - Finning International Inc. ("Finning") (TSX:FTT) - announces the appointment of Mr. Michael T. Waites as Executive Vice President and Chief Financial Officer of Finning International Inc. effective May 1, 2006.

Mr. Waites holds an M.A. in Economics and an MBA and has over 26 years of experience in senior financial roles in the transportation and oil and gas industry. For the past six years he has been Chief Financial Officer at Canadian Pacific Railway and for the past three years has also been Chief Executive Officer U.S. Network of Canadian Pacific Railway. Previously, Mr. Waites was Chief Financial Officer at Chevron Canada Resources. He has also served as a member of the Board of Directors of Finning International Inc. Concurrently with accepting the role of Chief Financial Officer of Finning, Mr. Waites has resigned from his position on the Finning Board of Directors.

"We are excited to appoint Mike as our CFO," said Doug Whitehead, President and Chief Executive Officer of Finning International Inc. "Mike has a strong background and extensive experience in all aspects of financial management. His track record as an international financial leader at two leading Canadian corporations is impressive. His line operations experience and two years as a Director of Finning, give him added insight as he takes on his new responsibilities."

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

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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