CCS Income Trust mails management information circular

    CALGARY, Aug. 7 /CNW/ - CCS Income Trust (TSX: CCR.UN) ("CCS" or the
"Trust") announced today that it has filed a management information circular
("the Circular") with Canadian securities regulators in connection with the
previously announced going private transaction involving an investor group led
by Mr. David Werklund, the Founder, President and Chief Executive Officer of
CCS, and which includes CAI Capital Partners, Goldman Sachs Capital Partners,
Kelso & Company, Vestar Capital Partners, British Columbia Investment
Management Corporation, Alberta Investment Management and O.S.S. Capital
Management L.P.
    The Circular, which is being mailed to all CCS unitholders and
exchangeable shareholders of CCS Inc., includes the reasons for the CCS
Board's recommendation in support of the proposed transaction. It also
contains the formal valuation of the trust units prepared by FirstEnergy
Capital Corp. ("FirstEnergy") for the Special Committee of independent
directors of CCS Inc. as well as fairness opinions prepared by FirstEnergy and
Raymond James Ltd. CCS securityholders are encouraged to read the Circular in
its entirety.
    A meeting of CCS securityholders has been scheduled for Wednesday,
September 5th, 2007 in Calgary to consider the proposed transaction. It is
anticipated that the transaction, if approved by the CCS securityholders, will
be completed early in the fourth quarter of 2007.
    Copies of the Circular are available online at and on the
CCS website at

    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 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

    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 terms and conditions of the
proposed transaction, and receipt of distributions of the Trust. 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 a 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: Josh
Pekarsky, Longview Communications, Phone: (604) 694-6030

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