Teranet Responds to Trading Activity



    TORONTO, Aug. 28 /CNW/ - At the request of Market Surveillance, on behalf
of the Toronto Stock Exchange, Teranet Income Fund (TSX: TF.UN) issued the
following statement in response to the recent trading activity and a news
article in today's Globe & Mail.
    Teranet stated that as it has previously communicated publicly, it is
looking at a variety of options to maximize Unitholder value; however no
decision has been made which, if any, option Teranet will pursue. While
Teranet is seeking to gauge potential interest from third parties in order to
determine whether a sale process would maximize Unitholder value, Teranet is
not currently in negotiations with any parties regarding a sale of the Fund
and it has received no formal offers for the Fund.

    About Teranet

    Teranet offers e-services to the legal, real estate, government,
financial and healthcare markets. Teranet provides exclusive access to
Ontario's Electronic Land Registration System ("ELRS"), enabling customers to
conduct electronic registrations as well as title and writ searches relating
to real property. Teranet has also leveraged its core competencies to create
electronic service offerings in complementary areas. Teranet's comprehensive
products and services include property information, transaction management,
collateral risk management, geospatial information, workflow software and
enterprise solutions. Teranet Income Fund units are listed on the Toronto
Stock Exchange under the symbol TF.UN. For more information about Teranet,
visit www.teranet.ca.

    Forward-Looking Statements

    This news release contains statements that, other than statements of
historical fact, may be forward-looking statements about the objectives,
financial condition and results of operations of the Fund. These statements
are forward-looking and reflect management's current views and are based on
certain assumptions and expectations. Actual results could be materially
different from expectations if known or unknown risks affect the business, or
if estimates or assumptions turn out to be inaccurate. No forward-looking
statement is a guarantee of future results. Investors are cautioned not to
place undue reliance on such forward-looking statements. Forward-looking
statements do not take into account the effect that transactions or
non-recurring items announced or occurring after the statements are made may
have on the business. Teranet disclaims any intention or obligation to update
any forward-looking statement even if new information becomes available, as a
result of future events or for any other reason, except as required by law.
These statements are subject to a number of risks described in the Risks and
Uncertainties section of the third quarter MD&A, which is available at
www.sedar.com. Risks and Uncertainties may cause actual results to differ
materially from those contained in forward-looking statements.





For further information:

For further information: Tanis Robinson, Manager, Investor Relations,
(416) 643-1096, tanis.robinson@teranet.ca

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TERANET INCOME FUND

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