Restructuring of Skeena Capital Trust Completed - Noteholders Receive $2.1 billion

    TORONTO, Dec. 20 /CNW/ - Edenbrook Hill Capital Ltd., Co-Financial
Arranger to Skeena Capital Trust, is pleased to announce the successful
completion of the restructuring of Skeena Capital Trust ("Skeena"). This is
the first complete restructuring of a Canadian asset backed commercial paper
("ABCP") conduit affected by the August, 2007 liquidity issue. As a result of
this restructuring, noteholders of Class A liquidity backed commercial paper,
Class E extendible commercial paper and Class F floating rate medium term
notes of Skeena Capital Trust have received repayment of approximately
$2.1 billion, equivalent to approximately 98.7% of principal and interest as
of August 15th, 2007.
    Mr. Mark Adams, President of Edenbrook, said "We have always been
committed to protecting the interests of Skeena's investors, and we are
pleased to have had the opportunity to contribute to the first restructuring
of an affected ABCP conduit. In addition, we have consistently worked to
ensure that Skeena's transactions were uniquely designed, as well as
fundamentally sound from both credit and structuring perspectives. The
fundamental soundness of the transactions provided a basis for the
restructuring that has occurred."
    Edenbrook would like to take the opportunity to sincerely thank Skeena's
investors for their patience and support throughout the restructuring process.
Edenbrook would also like to thank the Pan-Canadian Investors Committee,
Dundee Securities Corporation, ABN AMRO Bank, Bank of Nova Scotia, and all
other restructuring participants for their cooperation and support during the
restructuring process.

For further information:

For further information: Edenbrook Hill Capital Ltd., Rebecca Adams,
(416) 815-8100, ext. 222; Mark Adams, (416) 815-8100, ext. 223

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