CCS Income Trust announces conditional Special Distribution and expected closing date for going private transaction

    CALGARY, Nov. 9 /CNW/ - CCS Income Trust (TSX: CCR.UN) ("CCS" or the
"Trust") is pleased to conditionally declare a special distribution (the
"Special Distribution") on its outstanding trust units in the amount of
$0.07583 payable on November 16, 2007 for unitholders of record at the close
of business on November 15, 2007.
    The payment of the Special Distribution remains conditional on closing of
the previously announced going private transaction (the "Closing") on
November 14, 2007. If Closing does not occur on November 14, 2007, unitholders
will be so advised and the record date for the payment of the Special
Distribution will be adjusted, as will the amount of the Special Distribution
based on the actual closing date. Closing on November 14, 2007 or thereafter
remains subject to the satisfaction of certain material conditions and terms
of the Acquisition Agreement.
    The Special Distribution represents the unpaid pro-rata portion of the
Trust's usual monthly distribution, pro rated for the month of November and up
to but not including the date of Closing.
    The Series A Exchangeable Shares ("Exchangeable Shares") issued by
CCS Inc. were initially exchangeable for CCS trust units on a one to one basis
("Exchange Ratio"). The Exchange Ratio is cumulatively adjusted upward on each
distribution payment date but will not be adjusted to reflect the Special
Distribution, as the Exchangeable Shares are expected to be exchanged for
trust units at or prior to Closing and therefore the holders thereof will
receive the special distribution as unitholders.

    About CCS Income Trust

    CCS Income Trust is a recognized industry leader providing integrated and
environmentally responsible services to upstream and downstream oil and gas
companies in Canada and the U.S. Headquartered in Calgary, Alberta, CCS has
almost 3,000 employees and provides a diverse number of services across four
divisions. CCS Midstream Services provides oilfield waste treatment, recovery
and disposal through a network of facilities across western Canada and in the
United States. CCS Energy Marketing provides crude oil and condensate
marketing services. HAZCO Environmental Services offers integrated
remediation, waste management and decommissioning solutions including the
operation of engineered landfills throughout Canada. Concord Well Servicing
manages well completions, workovers and abandonments with a fleet of 143 rigs.
Additional integrated services include NORM management, regulatory compliance
expertise, inactive well management, well and pipeline abandonments, oilfield
equipment rental, metals recycling and geotechnical and environmental

    Forward-looking statements

    This news release contains "forward-looking statements" within the
meaning of applicable securities laws relating to the proposal to take the
Trust private, including statements regarding the completion of the previously
announced going private transaction, the payment and receipt of a special
distribution of the Trust, and the date such distribution is expected to be
paid. Readers are cautioned not to place undue reliance on forward-looking
statements. Actual results and developments may differ materially from those
contemplated by these statements depending on, among other things, the risks
that the parties will not proceed with the transaction, that the ultimate
terms of the transaction will differ from those that currently are
contemplated, and that the transaction will not be successfully completed for
any reason (including the failure to obtain the required approvals or
clearances from regulatory authorities). The statements in this news release
are made as of the date of this release. We undertake no obligation to comment
on analyses, expectations or statements made by third parties in respect of
the Trust, its financial or operating results or its securities.

    %SEDAR: 00017961E

For further information:

For further information: Investors: David Werklund, President and Chief
Executive Officer, CCS Income Trust, Phone: (403) 233-7565; Marshall McRae,
Chief Financial Officer, CCS Income Trust, Phone: (403) 231-1103; Media: David
Ryan, Longview Communications, Phone: (604) 562-5895;  Shauna Lowry, Corporate
Communications Manager, Phone: (403) 231-1127

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