Calgary, December 21, 2005 – Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today the closing of its previously announced acquisition of an additional 24.8% ownership interest in the Strachan gas plant, along with interests in associated plant facilities and pipelines. The purchase price was $24 million before adjustments. The effective date of the transaction was September 1, 2005.
In addition to the Strachan plant interest, other plant facilities and pipelines included in the transaction were the Strachan sulphur priller and remelt facilities, the Strachan rail spur, the Strachan North inlet compressor, various other pipelines connected to the Strachan gas plant and an interest in a gathering system connected to Keyera’s Nordegg River gas plant.
About Keyera Facilities Income Fund
Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB) operates one of the largest natural gas midstream businesses in Canada. Its business consists of natural gas gathering and processing as well as the processing, transportation, storage and marketing of natural gas liquids (NGLs) and crude oil.
Keyera's gas processing plants and associated facilities are strategically located in the west central and foothills natural gas production areas of the Western Canadian Sedimentary Basin. Its NGL and crude oil infrastructure includes pipelines, terminals and processing and storage facilities in Edmonton and Fort Saskatchewan, Alberta, a major North American NGL hub. Keyera markets propane, butane and condensate to customers in Canada and the United States.
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: ir@keyera.com
Telephone: (403) 205-7670
Toll Free: (888) 699-4853
Facsimile: (403) 205-8303
