First National AlarmCap Income Fund announces conclusion of Special Committee mandate

    CALGARY, March 10 /CNW/ - First National AlarmCap Income Fund
(TSX: FNA.UN) (the "Fund") announces that the mandate of its Special Committee
has been concluded and its operations terminated. The board of the Fund has
determined that the strategic alternative most likely to maximize unit holder
value and liquidity is to continue with the Fund's low risk organic growth
initiative previously announced in the third quarter, 2007 MD&A.

    The Fund indirectly owns and operates Microtec, one of Canada's largest
security alarm sales, installation and monitoring companies. The Fund also
indirectly owns Securex, a leading alternative credit provider which offers
bundled financial, billing/back office and monitoring services to independent
dealers throughout Canada.
    Information about First National AlarmCap Income Fund can be found at

For further information:

For further information: Leonard Sudermann, President & CEO, First
National AlarmCap Income Fund, (403) 299-2299,

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