Standstill Agreement on Third Party ABCP Extended until December 14, 2007



    TORONTO, Oct. 15 /CNW Telbec/ - The Pan-Canadian Investors Committee for
Third Party Structured Asset Backed Commercial Paper and the bank
counterparties to the third party ABCP conduits covered by the "Montreal
Accord" announced today the extension to December 14, 2007 of the standstill
arrangements which are the foundation of the Montreal Accord.
    This extension of the standstill period will allow all parties to
continue the progress they have been making in effecting a restructuring of
third-party ABCP issued by these conduits.
    Purdy Crawford, Chairman of the Investors Committee, said, "The extension
of our standstill arrangement reflects the high level of cooperation that we
have achieved with all parties, including the bank counterparties, as we
continue to work together towards a solution which will maximize the value of
third-party ABCP. We intend to provide investors with definitive restructuring
proposals for each affected conduit prior to the expiry of our extended
standstill. We understand that many investors have a pressing need for
liquidity and this remains a high priority for us. We are determined to
advance this matter to a conclusion as promptly as possible while providing
investors with a fair result."

    

                                 ANNEX A
                         THIRD PARTY ABCP CONDUITS

                               Apollo Trust
                               Aurora Trust
                               Comet Trust
                               Encore Trust
                               Gemini Trust
                               MMAI-I Trust
                               Planet Trust
                               Rocket Trust
                               SLATE Trust
                      Structured Investment Trust III
                               Apsley Trust
                                Aria Trust
                             Devonshire Trust
                             Ironstone Trust
                                Opus Trust
                          Selkirk Funding Trust
                            Silverstone Trust
                           Skeena Capital Trust
                          Structured Asset Trust
                              Symphony Trust
                             Whitehall Trust
                         Newshore Canadian Trust
    




For further information:

For further information: NATIONAL Public Relations (Media): David
Weiner, Toronto, (416) 848-1633; Mark Boutet, Montreal, (514) 843-2385, Cell.:
(514) 944-5393; Ernst & Young Inc. (Investors): Pierre Laporte, (514)
874-4383

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