Canadian Equipment Rental Fund Limited Partnership Announces Distribution of $0.15 per Unit

    TSX Venture Symbol: CFL.UN

    CALGARY, Dec. 19 /CNW/ - The board of directors of the general partner
for Canadian Equipment Rental Fund Limited Partnership (the "CERF LP or the
Partnership"), is pleased to announce that, as a result of continued strong
financial performance, they have approved a cash distribution to the
Partnership unitholders of $0.15 per unit. This will bring total distributions
declared in 2007 to $0.645 per unit. Payment will be made on or about
January 14, 2008, to unitholders of record as of the close of business on
December 31, 2007.
    Investors are cautioned that future distributions are always subject to
approval from the board of directors of the general partner and may be
increased, decreased or suspended by the board at any time.

    CERF LP is a Canadian limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERF LP trades on the TSX
Venture Exchange under the symbol "CFL.UN" and currently has 5,445,837 units
issued and outstanding.


    This press release contains forward looking statements subject to various
risk factors and uncertainties, which may cause the actual results,
performances, cash flows or the ability to pay distributions to be materially
different from the results, performances, cash flow or the ability to pay
distributions expressed or implied by such forward looking statements.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00022335E

For further information:

For further information: Wayne Wadley, President & CEO at (403)
850-4095, by email at or Ken Stephens CFO at (403)
298-8695, by email at

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