CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES OCTOBER DISTRIBUTION

Increased supplemental distribution declared for quarter ended September 30, 2003

TORONTO, October 20, 2003 - Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.11 per unit for the month of October 2003 payable on November 28, 2003 to unitholders of record at the close of business on October 31, 2003.

Chemtrade Logistics also announced that it has declared a supplemental distribution of $0.12 per unit for the quarter ended September 30, 2003, payable on October 31, 2003 to unitholders of record at the close of business on October 29, 2003. This supplemental distribution is in line with Chemtrade's previous announcement that it intended to increase the quarterly supplemental distribution, effective with the third quarter, by $0.01 per unit following the successful completion of the acquisition of the B.C. Chemicals division of Canfor.

Distributions for the third quarter of 2003, including those declared monthly and the supplemental distribution, total $0.45 per unit.

Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund, whether such distributions are in the form of cash or additional units.

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