NEWS RELEASE

TORONTO, April 6, 2004 - Chemtrade Logistics Income Fund (TSX: CHE.UN) disclosed today that a truck carrying sodium hydrosulphite produced by one of its US subsidiaries was involved late yesterday in a serious collision with a car on the I-75 highway in Kentucky. Mark Davis, the CEO of Chemtrade said, “We currently have very few confirmed details regarding this accident but were saddened to hear that there were fatalities.” Chemtrade is providing technical assistance to the local authorities in connection with the reopening of the I-75 highway.

Chemtrade ships all its product using third party carriers. In this case the truck belongs to a South Carolina transportation company that provides shipping services to Chemtrade. As is typical of Chemtrade’s arrangements with third party shipping companies, the shipping contract provides that the carrier must indemnify Chemtrade for any liabilities arising in circumstances such as this accident.

Chemtrade Logistics operates diversified businesses that provide industrial chemicals and services to customers in North America and around the world. Through marketing services agreements and its own production facilities, Chemtrade is one of the world’s largest suppliers of sulphuric acid, liquid sulphur dioxide and sodium hydrosulphite. Chemtrade is also a leading regional supplier of sodium chlorate and elemental sulphur.

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