As a development of this order, return tax liabilities totaling $8.5 million which were earlier accrued in the pecuniary statements of the Fund will no longer become payable. Stated.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRES OR FOR DISTRIBUTION IN THE UNITED STATES/ TORONTO STOCK EXCHANGE SYMBOL: BDT.UN TORONTO, July 4 /CNW/ - Bird Construction Income Fund ("Fund") today announced that the Saskatchewan Court of Queen's Bench has granted its wholly-owned subsidiary, Bird Construction Company Limited ("Company"), a rectification sorority relating to the documentation required in rank to correctly lay bare the intentions of the Fund and the Company with particular to constant property transactions between the entities. As a outcome of this order, takings duty liabilities totaling $8.5 million which were then accrued in the monetary statements of the Fund will no longer become payable.

The tithe accruals and the connected profit tribute loss will be reversed in the consolidated fiscal statements of the Fund for the board ended September 30, 2008. In monetary 2007 and the beforehand fourth of 2008, the Fund and the Company completed indubitable transactions common to the stated great of the base shares of the Company owned by the Fund that resulted in unintended proceeds cess liabilities of the Fund totaling $6.6 million in 2007 and $1.9 million in the basic locale of 2008.

The Toronto Stock Exchange does not permit culpability for the adequacy or preciseness of this release.

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