CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES AUGUST DISTRIBUTION

Monthly distribution increased following completion of Peak acquisition

TORONTO, August 22, 2005 - Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.1133 per unit for the month of August 2005 payable on September 30, 2005 to unitholders of record at the close of business on August 31, 2005.

The increase in distribution is in line with Chemtrade’s previous announcement that following closing of the Peak acquisition it intended to increase monthly distributions by a third of a cent per unit to $0.1133 per unit effective with the August distribution.  This higher monthly distribution, when combined with the quarterly supplemental distributions of $0.12 per unit, increases the annual distribution rate by $0.04 to $1.84 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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