Oceanex Income Fund confirms cash distribution payable in October 2007



    MONTREAL, Sept. 26 /CNW Telbec/ - (TSX: OAX.UN) OCEANEX INCOME FUND
("Oceanex") today confirms, for the 117th consecutive month, a cash
distribution of $0.0937 per trust unit. This monthly distribution will be paid
on October 15, 2007 to all unitholders of record on October 5, 2007.
    With the distribution of September 2007, Oceanex will have paid a total
of $1.1244 per trust unit during the previous twelve-month period (October
2006 through September 2007) and $10.95 per trust unit since inception in
January 1998.
    Oceanex expects to continue its monthly distribution of $0.0937 per trust
unit.

    Oceanex is a Montreal based limited purpose trust that operates through
its wholly owned subsidiary, an intermodal transportation business in Canada.
Trust units of OCEANEX INCOME FUND are traded on the Toronto Stock Exchange
under the symbol "OAX.UN".

    Learn more about us at the Oceanex website (oceanex.com).
    %SEDAR: 00009429EF




For further information:

For further information: Daniel Bélisle, (514) 875-9244

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OCEANEX INCOME FUND

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