TSX: SPF.UN CALGARY, Oct. 11 /CNW/ - Superior Plus announces the appointment of Wayne M. Bingham, B.Comm., CA, as Executive Vice-President and Chief Financial Officer, effective November 1, 2006. Mr. Bingham has over 25 years of experience in financial reporting and capital markets. Prior to joining Superior, Mr. Bingham served as Executive Vice-President and Chief Financial Officer at Finning International Inc. in Vancouver. Prior to that, Mr. Bingham served as Executive Vice-President and Chief Financial Officer of Ontario Power Generation. Mr. Bingham has also held many senior executive and management positions focusing on strategy, financing, compliance, risk management, treasury and supply chain operations. Grant Billing, Chairman and Chief Executive Officer, said "We are excited to appoint Wayne as our CFO. His strong background and extensive experience in all aspects of financial management will serve him well in his new responsibilities for the financial strategies to further Superior's corporate goals and objectives, including the successful implementation of our strategic plan." About the Fund -------------- Superior Plus Income Fund is a diversified business trust with an enterprise value of approximately $2 billion. The Fund holds 100% of Superior Plus LP, a limited partnership formed between Superior Plus Inc., as general partner and the Fund as limited partner. Superior Plus is focused on stability of distributions with value growth and has four Canadian based operating divisions: Superior Propane is Canada's largest distributor of propane, related products and services; ERCO Worldwide is a leading supplier of chemicals and technology to the pulp and paper industries, a regional Midwest supplier of chloralkali products and the third largest producer of potassium products in North America; Winroc is the seventh largest distributor of walls and ceilings construction products in North America; and Superior Energy Management provides fixed price natural gas supply services in Ontario and Quebec. In addition, as part of the strategic plan, JW Aluminum a leading manufacturer of specialty, flat-rolled aluminum products in the United States, currently owned by Superior Plus, is in the process of being sold. The Fund's trust units and convertible debentures trade on the Toronto Stock Exchange as follows: << Trading Symbol Security Issued and Outstanding ------------------------------------------------------------------------- SPF.un Trust Units 85.5 million SPF.db 8% Debentures, Series 1 $ 8.1 million principal amount SPF.db.a 8% Debentures, Series 2 $ 59.0 million principal amount SPF.db.b 5.75% Debentures $ 174.9 million principal amount SPF.db.c 5.85% Debentures $ 75.0 million principal amount ------------------------------------------------------------------------- >>