Aecon resumes dividends

    TORONTO, Oct. 29 /CNW/ - Aecon Group Inc. (TSX: ARE) today announced that
its board of directors has approved a policy to commence semi-annual dividend
payments in the amount of $0.07 per share ($0.14 annually) to holders of Aecon
Common Shares. The first dividend payment will be paid on January 2, 2008 to
shareholders of record on November 30, 2007.
    "The earnings and operating cash flow performance demonstrated in recent
quarters is indicative of the strong position Aecon has achieved in segments
of the Canadian construction industry experiencing substantial and durable
growth," noted John M. Beck, Chairman and CEO, Aecon Group Inc. "On the basis
of this strength, the board has determined that Aecon is now in a position,
not only to continue to invest in significant growth, but also to adopt a
modest semi-annual dividend that will provide an additional return to our

    About Aecon

    Aecon Group Inc. is Canada's largest publicly traded construction and
infrastructure development company. Aecon and its subsidiaries provide
services to private and public sector clients throughout Canada and

    The information in this news release includes certain forward-looking
statements. Forward-looking statements are based on estimates and assumptions
derived from past experience and interpretation of historical trends, current
conditions and expected future developments. Many factors could cause Aecon's
actual results, performance or achievements to vary from those expressed or
inferred by these statements. Risk factors are discussed in greater detail in
the Section entitled "Risk Factors and Uncertainties" in Management's
Discussion and Analysis of operating results and Financial condition for the
year ended December 31, 2006, filed on SEDAR at Although Aecon
believes that the expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct.

    %SEDAR: 00004778EF

For further information:

For further information: Mitch Patten, Vice President, Corporate
Affairs, Aecon Group Inc., (416) 293-7004,,

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