Finning International Inc.

Finning International Inc.

April 23, 2007 10:30 ET

Finning Lands Expansive New Territory for MaK Engines

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 23, 2007) - Finning International Inc. (Finning) (TSX:FTT) announces that it has recently secured additional exclusive distribution and service territories for MaK marine engines, which power ocean-going vessels. The distribution rights include new engine sales and delivery of parts and service. MaK Engines is a division of Caterpillar Marine Power Systems.

Finning's exclusive distribution territories for MaK products previously included the United Kingdom, the west coast of Canada, and Chile. Finning has now added the west coast of the United States (through a strategic alliance with NC Power Systems Co., the Caterpillar Power Systems dealer for Washington State and Alaska), all of Mexico and Central America, plus Ecuador, Peru, Argentina and Uruguay.

The new territories significantly expand Finning's presence in the commercial marine market. These include Panama and the Panama Canal. Each year approximately 14,000 ships transit the Panama Canal offering an ideal market opportunity for Finning to provide parts and service to these potential customers. Currently, Finning serves its MaK customers with parts and service from its Marine Excellence Centre in Poole, UK. This includes parts delivery and service technicians who are dispatched as needed.

MaK engines include a world-class product line of medium-speed engines for ocean-going commercial applications. These engines offer marine power solutions for an output range 1,020 kW - 16,000 kW (1,370 - 21,500 HP), for main propulsion and onboard electric power generation.

"Securing the distribution rights for the MaK product line is a good example of our close working relationship with Caterpillar," said Doug Whitehead, president and CEO of Finning International Inc. "It demonstrates Caterpillar's confidence in Finning's ability to install a superior sales and service capability in a large multi-country territory that extends well beyond our traditional geographic boundaries."

"We are pleased to take on this new territory," said Steve Mallett, president of Finning Power Systems. "While the existing revenue base for the new territory is fairly modest, we believe there is considerable opportunity for growth. We look forward to bringing Finning's premium parts & service capability to this new and extensive geographic region."

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 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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