CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES NOVEMBER DISTRIBUTION

TORONTO, November 18, 2004 - 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 November 2004, payable on December 31, 2004 to unitholders of record at the close of business on November 30, 2004.

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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