Canadian Equipment Rental Fund Limited Partnership Announces Increase of Distribution to $0.13 per Unit

    TSX Venture Symbol: CFL.UN

    CALGARY, March 15 /CNW/ - The board of directors of the general partner
for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is
pleased to announce that, due to the strong performance of fiscal 2006 and
continuing strong activity in the first quarter of 2007, they have approved an
increase for the first quarter of 2007 cash distribution to the Partnership
unitholders to $0.13 per unit (up 18% from the previous $0.11 per unit
distribution announced December 11, 2006). If continued, this will represent
$0.52 per unit on an annualized basis. Payment will be made on or about April
13, 2007, to unitholders of record as of the close of business on March 30,
    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.

    CERFLP is a Canadian limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERFLP trades on the TSX
Venture Exchange under the symbol "CFL.UN" and currently has 5,150,784 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 fax at (403) 261-3834, by email at or Ken
Stephens CFO at (403) 298-8695, by email at

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