Keyera Facilities Income Fund Announces July 2008 Distribution

    CALGARY, July 21 /CNW/ - Keyera Facilities Income Fund (TSX:KEY.UN;
KEY.DB) announced today a cash distribution for July 2008 of 13.5 cents per
unit. The distribution will be payable on August 15, 2008 to unitholders of
record on July 31, 2008. The ex-distribution date is July 29, 2008.
    For tax purposes, Keyera currently expects that its 2008 distributions
will be taxable for Canadian non-exempt unitholders. This outlook is subject
to change. For non-resident unitholders, Keyera's distributions are subject to
Canadian withholding tax.

    This document contains forward-looking statements that involve known and
unknown risks and uncertainties, many of which are beyond Keyera's control.
The forward-looking statements are based on management's current expectations
and assumptions relating to Keyera's business and the environment in which it
operates. As the results or events predicted or implied in these
forward-looking statements depend upon future events, actual results or events
may differ materially from those predicted. Some of the factors which could
cause actual results or events to differ materially include the ability of
Keyera to successfully implement strategic initiatives, whether such
initiatives yield the expected benefits, operating and other costs, future
operating results and the components of those results, fluctuations in the
demand for natural gas, NGLs, crude oil and bitumen, changes in commodity
prices, the activities of producers, competitors and others, the weather,
overall economic conditions, proposed or actual legislative changes, including
any further announcements by the federal government with respect to the tax
treatment of income trusts and other known or unknown factors. There can be no
assurance that the results or developments anticipated by Keyera will be
realized or that they will have the expected consequences for or effects on
    For additional information on these and other factors, see Keyera's
public filings on Unless otherwise required by applicable laws,
Keyera does not intend to publicly update or revise forward-looking
statements, whether as a result of new information, future events or

    %SEDAR: 00019203E

For further information:

For further information: about Keyera Facilities Income Fund, please
visit our website at or contact: John Cobb, Director, Investor
Relations or Bradley White, Investor Relations Advisor, E-mail:,
Telephone: (403) 205-7670, Toll Free: (888) 699-4853, Facsimile: (403)

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