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Keyera Facilities Income Fund Announces February 2006 Distribution

Feb 16, 2006

Calgary, February 16, 2006 Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today a cash distribution for February 2006 of 11.9 cents per unit. The distribution will be payable on March 15, 2006 to unitholders of record on February 28, 2006. The ex-distribution date is February 24, 2006.

For tax purposes, Keyera currently expects that approximately 60% to 70% of its 2006 distributions will be a return of capital for Canadian residents. For non-resident unitholders, Keyera’s distributions, including both income and return of capital portions, are subject to Canadian withholding tax.

This document contains certain forward-looking statements that involve significant known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of Keyera. Some of these factors are discussed in Keyera’s public filings with Canadian Securities Administrators, filed on www.sedar.com. No assurances can be given that actual results will be consistent with these forward-looking statements.

For further information about Keyera Facilities Income Fund, please visit our website at www.keyera.com or contact:

John Cobb, Director, Investor Relations

E-mail: John_Cobb@keyera.com

Telephone: (403) 205-7670

Toll Free: (888) 699-4853

Facsimile: (403) 205-8303