Keystone North America Inc. - Deadline for submitting tax elections for non-cash rights offering approaching



    TORONTO, June 23 /CNW/ - Keystone North America Inc. (TSX: KNA; KNA.UN)
(the "Company") reminds eligible Canadian holders who participated in the
Company's non-cash rights offering and who wish to obtain a full or partial
tax-deferred rollover for Canadian tax purposes to submit a completed tax
election(s) to the Company by no later than August 13, 2008.
    Tax election packages (which include detailed instructions on how to
complete the tax election(s)) are available on the Company's website at
www.keystonenorthamerica.ca. Holders can also obtain a tax election package by
calling the Company at (813) 225-4651 or directly from the Canada Revenue
Agency.
    Additional details regarding the tax election procedure are described in
the Company's final short form prospectus dated April 14, 2008, a copy of
which is available without charge on SEDAR at www.sedar.com. Holders who are
unsure whether they qualify for a full or partial tax-deferred rollover should
contact their tax and other professional advisors for additional information.

    CAUTIONARY STATEMENT

    The comments in this press release concerning tax elections are provided
for general assistance only. The rules in this area are complex and the law
contains limitations and numerous technical requirements. Compliance with such
requirements to ensure the validity of any tax election will be the sole
responsibility of the holder making the election. Holders wishing to make a
tax election should consult their own tax advisors to determine the
availability and advisability of making a tax election and, if so, the
determination of the elected amount and to determine whether any separate
election form must be filed with any provincial taxing authority.

    %SEDAR: 00021578E




For further information:

For further information: Chris Thomley, Chief Accounting Officer, (813)
225-4651, cthomley@keystonegroup.com; or please visit our investor website at
http://www.keystonenorthamerica.ca/

Organization Profile

KEYSTONE NORTH AMERICA INC.

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