The Company plans to host a conference call on Thursday, September 3, 2009 at 11:00 a.m. (ET) to discuss the results for the second quarter of 2009. All shareholders and interested parties are invited to listen to the live conference call by choosing any of the following options:

- By dialing (866) 321-8231 or (416) 642-5213 if outside North America and quoting confirmation code 4424180;

- By accessing the webcast, which will be available on Teekay's web site at www.teekay.com (the archive will remain on the web site for a period of 30 days);

- A recording of the conference call will also be available until Thursday, September 10, 2009 by dialing (888) 203-1112 or (647) 436-0148 and entering access code 4424180.

About Teekay

Teekay Corporation transports more than 10 percent of the world's seaborne oil, has built a significant presence in the liquefied natural gas shipping sector through its publicly-listed subsidiary, Teekay LNG Partners L.P. (NYSE: TGP), is further growing its operations in the offshore oil production, storage and transportation sector through its publicly-listed subsidiary, Teekay Offshore Partners L.P. (NYSE: TOO), and continues to expand its conventional tanker business through its publicly-listed subsidiary, Teekay Tankers Ltd. (NYSE: TNK). With a fleet of over 165 vessels, offices in 17 countries and 6,800 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world's leading oil and gas companies, helping them seamlessly link their upstream energy production to their downstream processing operations. Teekay's reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.

Teekay's common stock is listed on the New York Stock Exchange where it trades under the symbol "TK".

 Contacts: Teekay Corporation Kent Alekson Investor Relations Enquiries +1 (604) 844-6654  Teekay Corporation Nicole Breuls Media Enquiries +1 (604) 844-6631 www.teekay.com  

SOURCE: Teekay Corporation

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