Montreal, Quebec, June 11, 2008 – At its annual and special meeting to be held on June 19, 2008 in
Toronto, Aeroplan Income Fund (the “Fund”) will be submitting for approval certain minor revisions to the proposed long-term incentive plan for Groupe Aeroplan Inc. (“Groupe Aeroplan”). A copy of the proposed plan is set out in Appendix G to the management information circular of the Fund dated May 16, 2008 and is available on the Canadian Securities Administrators’ web site, www.sedar.com.
In response to comments received from RiskMetrics Group (“RMG”) after the mailing of the management information circular of the Fund, Groupe Aeroplan has amended its proposed long-term incentive plan to expressly specify which amendments will be permitted with board approval and which amendments will require shareholder approval. A copy of the revised version of the long-term incentive plan including the full text of the amendment is posted on our website at http://www.groupeaeroplan.com/pages/invReports.php.
Aeroplan has been informed that RMG will recommend that unitholders vote in favour of the adoption of the amended long-term incentive plan at the annual and special meeting to be held on June 19,
Caution Concerning Forward-Looking Statements
Certain statements in this news release may contain forward-looking statements. Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties. Any forecasts or forward-looking predictions or statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business and its corporate structure. Results indicated in forward-looking statements may differ materially from actual results for a number of reasons, including without limitation, dependency on top accumulation partners, Air Canada or travel industry disruptions, reduction in activity, usage and accumulation of Aeroplan Miles, retail market or economic downturn, greater than expected redemptions for rewards,
industry competition, supply and capacity costs, unfunded future redemption costs, changes to the Aeroplan and Nectar Programs, seasonal nature of the business, regulatory matters, VAT appeal, foreign ownership limitations and impact on mutual fund trust status and value and liquidity of units, income tax matters, SIFT Rules, conversion to corporate structure, as well as the other factors identified throughout the MD&A. The forward-looking statements contained in this discussion represent the Fund’s expectations as of June 10, 2008, and are subject to change after such date. However, the Fund disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
About Aeroplan Income Fund
Aeroplan Income Fund is an unincorporated, open-ended trust established under the laws of the Province of Ontario. Aeroplan Income Fund is the owner of Aeroplan Limited Partnership, Canada’s premier loyalty marketing company and operator of the Aeroplan loyalty program and Loyalty Management Group Limited, operator of Nectar, the United Kingdom’s leading coalition loyalty program.
For more information about Aeroplan, please visit www.aeroplan.com.
Michèle Meier 514-205-7028
JoAnne Hayes 416-352-3706 firstname.lastname@example.org
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