Mr. Adam Borgatti reports

AECON COMPLETES PURCHASE OF PREFERRED SHARES OF AECON UTILITIES

Aecon Group Inc. has closed the previously disclosed agreement to purchase all the outstanding preferred shares of Aecon Utilities for $320-million in cash. The purchase was financed from available cash on hand.

About Aecon Group Inc.

Aecon Group is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public sector clients through its construction segment in the civil, urban transportation, nuclear, utility and industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its concessions segment.