GENIVAR Income Fund Receives Court Approval for Conversion to a Corporation

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MONTREAL, June 14 /CNW Telbec/ - GENIVAR Income Fund (the "Fund" or "GENIVAR") announced that the final order from the Québec Superior Court with respect to the previously announced plan of arrangement involving GENIVAR Inc. and the Fund (the "Arrangement") pursuant to which the Fund will combine with GENIVAR Inc. and convert from an income trust structure to a publicly-traded corporation to be named GENIVAR Inc. ("New GENIVAR") was obtained today. The Arrangement is expected to be completed on January 1, 2011.

About GENIVAR

GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as buildings, industrial and energy, municipal infrastructure, transportation and environment. GENIVAR is one of the largest engineering services firm in Canada in terms of number of employees with more than 4,400 managers, professionals, technicians and technologists and support staff in over 85 locations in Canada and abroad. www.genivar.com

Forward Looking Information

Certain information regarding GENIVAR, the Arrangement and New GENIVAR contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although GENIVAR and New GENIVAR believe that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. GENIVAR's and New GENIVAR's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

SOURCE GENIVAR Inc.

For further information: For further information: Pierre Shoiry, President and CEO, GENIVAR Income Fund, Tel.: (514) 340-0046, ext. 5104; Marlene Casciaro, Director of Communications, GENIVAR Income Fund, Tel.: (514) 340-0046, ext. 5184

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GENIVAR Inc.

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