CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES FEBRUARY DISTRIBUTION

Supplemental distribution declared for quarter ended December 31, 2004

TORONTO, February 16, 2005 - 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 February 2005 payable on March 31, 2005 to unitholders of record at the close of business on February 28, 2005.

Chemtrade Logistics also announced that it has declared a supplemental distribution of $0.12 per unit for the quarter ended December 31, 2004, payable on February 28, 2005 to unitholders of record at the close of business on February 24, 2005.

Distributions for the fourth quarter of 2004, 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.

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