Teranet Added to S&P/TSX Composite Index

    TORONTO, Sept. 17 /CNW/ - Teranet Income Fund ("Teranet" or the "Fund")
(TSX: TF.UN) is pleased to acknowledge that it has been selected to be added
to the S&P/TSX Composite Index (the "Index") effective at TSX market open on
Monday, September 24, 2007.
    "We are proud to be selected for inclusion in the S&P/TSX Composite Index
and believe this will serve to increase Teranet's visibility and liquidity for
the benefit of unitholders," said Aris Kaplanis, President and Chief Executive
Officer of Teranet Inc.
    The addition is a result of the Quarterly S&P/TSX Composite Index Review.
In conjunction with Teranet's addition to the Index, it will also be added to
the S&P/TSX Capped Composite Index, the Information Technology Global Industry
Classification Standard (GICS) Index and the S&P/TSX SmallCap Index.

    About Teranet Income Fund and Teranet

    Teranet Income Fund is an unincorporated, open-ended trust established
under the laws of Ontario by way of a declaration of trust. The Fund was
created to indirectly acquire all of the outstanding shares of Teranet Inc.
The units of the Fund trade on the Toronto Stock Exchange under the symbol
    Teranet is a leading provider of integrated land-based information
products and services. Teranet operates in Ontario and provides access to the
Ontario Electronic Land Registration System ("ELRS") through its proprietary
Teraview(R) application. This product enables customers to conduct electronic
registrations as well as title and writ searches relating to real property.
Teranet has the exclusive right to access the data in and operate the ELRS and
the Writs of Execution database, and create and market value-added products
and services in connection with the ELRS and writs until March 31, 2017. These
licences extend on a non-exclusive basis in perpetuity for the ELRS and until
2047 for writs. Teranet has leveraged its core capabilities to create
electronic service offerings in complementary information and e-commerce

    Forward-Looking Statements

    This news release contains statements that, other than statements of
historical fact, may be forward-looking statements about the objectives,
financial condition and results of operations of the Fund. These statements
are forward-looking and reflect management's current views and are based on
certain assumptions and expectations as of the date of this release. Actual
results could be materially different from expectations if known or unknown
risks affect the business, or if estimates or assumptions turn out to be
inaccurate. No forward-looking statement is a guarantee of future results.
Investors are cautioned not to place undue reliance on such forward-looking
statements. Forward-looking statements do not take into account the effect
that transactions or non-recurring items announced or occurring after the
statements are made may have on the business. Teranet disclaims any intention
or obligation to update any forward-looking statement even if new information
becomes available, as a result of future events or for any other reason. These
statements are subject to a number of risks described in the Risks and
Uncertainties section of the MD&A, which is available at www.sedar.com. Risks
and Uncertainties may cause actual results to differ materially from those
contained in forward-looking statements.

For further information:

For further information: Bonnie Foster, Vice President Corporate
Communications, (416) 643-1095, bonnie.foster@teranet.ca, www.teranet.ca, 1
Adelaide Street East, Suite 600, Toronto, Ontario, M5C 2V9, Canada, Phone
(416) 360-5263, www.teranet.ca

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