CHEMTRADE LOGISTICS ANNOUNCES CLOSING OF OFFERING OF UNITS

TORONTO, August 17, 2005 - Chemtrade Logistics Income Fund (TSX: CHE.UN) announced today that it has completed the previously announced offering of 9,968,000 Units at a price of $15.55 per Unit for gross proceeds of approximately $155 million. The offering was undertaken on a bought deal basis.

The net proceeds of the offering were applied in connection with the repayment today of the $150 million bridge term loan used to fund a portion of the purchase price for Peak Chemical, L.L.C. and Peak Sulfur, Inc.

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 elemental sulphur.

Further information can be found in the disclosure documents filed by Chemtrade Logistics Income Fund with the securities regulatory authorities, available at www.sedar.com.

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