Finning International Inc.
TSX : FTT

Finning International Inc.

October 18, 2005 15:12 ET

Finning International Inc.: Labour Action in Alberta & NWT

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2005) - Finning International Inc. ("Finning") (TSX:FTT) announced that its Canadian division, Finning (Canada), has received 72-hour notice from the International Association of Machinists and Aerospace Workers - Local Lodge 99 ("IAMAW") indicating the IAMAW's intent to commence strike action, effective at noon on October 20, 2005.

Local 99 of the IAMAW represents approximately 1,070 hourly employees who work for Finning (Canada) in Alberta and the Northwest Territories, out of a total hourly and salaried western Canadian workforce of more than 3,200. Finning (Canada) operations in BC and the Yukon operate under a separate collective agreement and are not affected by this action. The current three-year labour agreement for the Alberta and the Northwest Territories workforce expired April 30, 2005.

Finning (Canada) is committed to the collective bargaining process and to concluding a fair and balanced contract that is equitable for its employees and for Finning.

Finning (Canada) is implementing a contingency plan to minimize the impact of the labour dispute on its customers. Equipment sales and rentals as well as parts sales will continue to be available to customers. Shop and field services will be restricted during the course of the labour action.

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 (Argentina, Bolivia, Chile 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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