Great Lakes Carbon Income Fund Announces March 2007 Distribution

    TORONTO, March 22 /CNW/ - Great Lakes Carbon Income Fund (the "Fund')
(TSX:GLC.UN) announced today a cash distribution of $0.10625 per unit for the
month of March 2007, to be paid on April 16, 2007 to unitholders of record at
the close of business on March 30, 2007. It is the Fund's distribution policy
to pay monthly distributions to unitholders of record on the last business day
of each month. Unitholders may be required to pay all withholding taxes
payable in respect of any distributions of income by the Fund, whether such
distributions are in the form of cash or additional units.

    The Fund is a trust established to hold indirectly the securities of GLC
Carbon USA Inc. (the "Company"). The Fund holds an indirect 73.56% interest in
the Company. The Company is the world's largest producer of both anode and
industrial grade calcined petroleum coke ("CPC"). Anode grade CPC is used in
the production of aluminum. Industrial grade CPC is used in the production of
other industrial materials including titanium dioxide. The Company produces
CPC at its facilities located in Port Arthur, Texas; Enid, Oklahoma; Baton
Rouge, Louisiana; and La Plata, Argentina.
    The Fund's trust units have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of that Act.

    %SEDAR: 00019532E

For further information:

For further information: Ronald J. Statile, Senior Vice President and
Chief Financial Officer, Great Lakes Carbon LLC, (212) 370-5770

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