Teranet Receives Favourable Court Decision in Dissenting Shareholder Matter

    TORONTO, Oct. 15 /CNW/ - Teranet Income Fund (TSX: TF.UN) (the "Fund")
today announced the court has released its decision with respect to a sole
dissenting shareholder of a predecessor company that was amalgamated with
Teranet Inc. ("Teranet") at the time of the Fund's initial public offering in
June 2006.
    Teranet applied to the court to fix the fair value of the dissenter's
shares. The court released its decision today and determined that the fair
value of the dissenting shareholder's shares was $58.15 million. This value is
within the amount provided for by the Fund and below the amount claimed by the
dissenting shareholder.
    "We are pleased that the judgment is within the amount provided for by
the Fund at the time of completion of the initial public offering," said Aris
Kaplanis, President and Chief Executive Officer of Teranet Inc.

    About Teranet

    Teranet offers e-services to the legal, real estate, government,
financial and healthcare markets. Teranet provides exclusive access to
Ontario's Electronic Land Registration System ("ELRS"), enabling customers to
conduct electronic registrations as well as title and writ searches relating
to real property. Teranet has also leveraged its core competencies to create
electronic service offerings in complementary areas. Teranet's comprehensive
products and services include property information, transaction management,
collateral risk management, geospatial information, workflow software and
enterprise solutions. Teranet Income Fund units are listed on the Toronto
Stock Exchange under the symbol TF.UN. For more information about Teranet,
visit www.teranet.ca.

For further information:

For further information: Tanis Robinson, Manager, Investor Relations,
(416) 643-1096, tanis.robinson@teranet.ca

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