Fording Canadian Coal Trust
TSX : FDG.UN
NYSE : FDG

Fording Canadian Coal Trust

August 19, 2005 23:59 ET

Fording Receives Final Order for Reorganization

CALGARY--(CCNMatthews - Aug. 19) - Fording Canadian Coal Trust (TSX: FDG.UN, NYSE: FDG) today announced that it has received final order from the Court of Queen's Bench of Alberta authorizing the Trust to proceed with the reorganization approved by unitholders at the Annual and Special Meeting held on May 4, 2005.

The Trust will proceed with requirements to finalize the reorganization, anticipating a closing date on or about August 24, 2005. The three-for-one unit split is expected to occur shortly thereafter, the timing of which is dependent upon several factors. Once split effective date is determined, the Trust will issue a news release to advise unitholders. This is expected to occur within approximately two weeks.

About Fording

Fording Canadian Coal Trust is an open-ended mutual fund trust. Through investments in metallurgical coal and industrial minerals mining and processing operations, the Trust makes quarterly cash distributions to unitholders. The Trust, through its wholly owned subsidiary, Fording Inc., holds a 60% interest in the Elk Valley Coal Partnership and is the world's largest producer of the industrial mineral wollastonite. Elk Valley Coal Partnership, comprised of Canada's senior metallurgical coal mining properties, is the world's second largest exporter of metallurgical coal, and expects to supply approximately 27 million tonnes of high-quality coal products to the international steel industry in 2005. The Trust's shares are traded on the Toronto Stock Exchange under the ticker symbol FDG.UN and on the New York Stock Exchange under the symbol FDG.

Forward-looking Information

Certain information included in this document is of a forward-looking nature. Forward-looking information is subject to known and unknown risks, as well as uncertainties and other factors. Accordingly, actual results may differ materially from those expressed or implied in forward-looking information. Some of the risks, uncertainties and other factors affecting Fording Canadian Coal Trust are discussed in our public filings with the securities regulatory authorities in Canada and the United States. Copies of Fording Canadian Coal Trust's Canadian filings, including our most recent management information circular, annual information form, annual report, quarterly reports, material change reports and news releases, are available online at www.sedar.com, and copies of our U.S. filings, including our most recent annual report on Form 40-F as supplemented by filings on Form 6-K, are available at www.sec.gov. Information in this document is presented as of August 19, 2005 and is subject to change after this date. However, Fording Canadian Coal Trust disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Susan J. Soprovich
    Director, Investor Relations
    (403) 260-9834

    or

    Catherine Hart
    Investor Relations Analyst
    (403) 260-9817
    Email: investors@fording.ca
    Website: www.fording.ca