CCS Income Trust (CCR.UN) Announces the September 17, 2007 Cash Distribution

    CALGARY, Aug. 15 /CNW/ - CCS Income Trust ("CCS") confirms the cash
distribution to be paid on September 17, 2007, in respect of the period
August 1, 2007 to August 31, 2007, for unitholders of record on August 31,
2007, will be $0.175 per trust unit.
    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.
    The updated Exchange Ratio as calculated on the Distribution Payment Date
of August 15, 2007, is 2.77304. The new Exchange Ratio is based on the
following input factors:

    -   The previous Exchange Ratio as calculated on July 16, 2007, of

    -   Weighted average trading price for the period of August 10, 13 & 14th
        2007, of $43.66440 and

    -   The August 15, 2007 distribution of $0.175 per trust unit.

    As a result, the holder of an Exchangeable Share of CCS Inc. may choose
to convert each Exchangeable Share into 2.77304 CCS trust units.

    CCS Income Trust (TSX: CCR.UN) 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 140 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 drilling.

    This press release contains certain statements that are not historical in
nature and are forward-looking statements. These forward-looking statements
include statements relating to the Trust's plans, strategies, objectives,
expectations, intentions and resources which are not guarantees as to the
Trust's future results since there are inherent difficulties in predicting
future results. When used throughout this press release, the words
"anticipate," "expect," "project," "believe," "estimate," "forecast,"
"intends" and similar expressions identify forward-looking statements, which
include statements relating to pending and proposed projects and business
activities. Such statements are subject to certain risks, uncertainties and
assumptions pertaining to operating performance, regulatory parameters,
weather and economic conditions and, in the case of pending and proposed
projects, risks relating to design and construction, regulatory processes,
obtaining financing and performance of other parties, including partners,
contractors and suppliers. Accordingly, actual results could differ materially
from those expressed or implied in forward-looking statements.

    %SEDAR: 00017961E

For further information:

For further information: David P. Werklund, Chairman of the Board,
President, and Chief Executive Officer, Phone: (403) 233-7565, Fax: (403)
261-5612, E-mail:; Marshall L. McRae, Chief
Financial Officer, Phone: (403) 231-1103, Fax: (403) 261-5612, E-mail:; Shauna Lowry, Corporate Communications Manager,
Phone: (403) 231-1127, Fax: (403) 261-5612, E-mail:

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