TSX Venture Symbol: CFL.UN

CALGARY, Sept. 25 /CNW/ - The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is pleased to announce that, they have approved a cash distribution to the Partnership unitholders of $0.16 per unit. If continued, this will represent $0.64 per unit on an annualized basis. Payment will be made on or about October 13, 2008, to unitholders of record as of the close of business on September 30, 2008.

Investors are cautioned that future distributions are always subject to approval from the board of directors of the general partner and may be increased, decreased or suspended by the board at any time.

CERFLP is a Canadian limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERFLP trades on the TSX Venture Exchange under the symbol "CFL.UN" and currently has 5,801,728 units issued and outstanding.

FORWARD LOOKING STATEMENTS

This press release contains forward looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances, cash flows or the ability to pay distributions to be materially different from the results, performances, cash flow or the ability to pay distributions expressed or implied by such forward looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

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