Cinram International Income Fund Announces Changes to Board Composition

TORONTO, April 2 /CNW/ - The Board of Trustees of Cinram International Income Fund (the "Fund") (TSX: CRW-UN.TO) today announced the appointment of two new trustees: James S.A. MacDonald and Robert Normandeau. Henri A. Aboutboul has decided to step down from his position as chairman of the Fund, retaining his role as a trustee. As a result, Cinram's Board of Trustees has elected William Anderson as its new chairman.

"We are pleased to welcome James and Robert to our Board," said William Anderson, chairman of Cinram's Board of Trustees. "Their diverse set of skills and valuable experience will complement and expand the breadth of our Board."

James S.A. MacDonald is chairman and managing partner of Enterprise Capital Management Inc., an investment management company. Previously, he served as deputy chairman of a Canadian investment dealer with a 27-year career in investment banking and research. Mr. MacDonald is also director of Superior Plus Inc., Manitoba Telecom Inc., MDS Inc. and is the non-executive chairman of Cormark Securities Inc. He holds an MBA from the J.L. Kellogg School of Management (Northwestern University) and a BA (Hons) from the Richard Ivey School of Business (University of Western Ontario).

Robert Normandeau serves as chief operating officer of Clarke Inc. He also serves on the Boards of Art in Motion, General Donlee Income Fund and Shermag Inc. Previously, Mr. Normandeau practiced law in the Toronto office of a major New York-based law firm, where he specialized in corporate finance and mergers and acquisitions. He holds a bachelor of arts (Scholar's Electives) from the University of Western Ontario, an MBA with a specialization in finance from the University of Toronto, and a bachelor of laws from the University of Toronto. Mr. Normandeau is admitted to the practice of law in Ontario, Nova Scotia and New York.

The Board also announced that it has received notification of the resignations of Bruno Ducharme, Thomas Di Giacomo and J. Bruce Terry from their positions as trustees of the Fund effective today. "It is with regret that we accept Bruno, Tom and Bruce's decision to resign," said Henri A. Aboutboul, outgoing chairman and trustee of the Fund. "We thank them for their valuable contributions and guidance during their respective terms as trustees of the Fund and wish them well."

About Cinram

Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is the world's largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America and Europe through its wireless subsidiaries. The Fund's units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at www.cinram.com.

Certain statements included in this release contain words such as "could", "expects", 'expectations", "may", "anticipates", "believes", "intends", "estimates" and "plans" (and similar expressions) and constitute "forward-looking statements" within the meaning of applicable securities law. These statements are based on Cinram's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Cinram operates. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which are difficult to predict and may cause the actual results, performance or achievements of the Fund ,outcomes, or results of the multimedia duplication/ replication industry, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, which will, among other things, impact the demand for the Fund's products and services; multimedia duplication/replication industry conditions and capacity; the ability of the Fund to implement its business strategy, including having the cash resources necessary to do so; a shortage of product due to labour disruptions, the Fund's ability to retain major customers; the Fund's ability to invest successfully in new technologies and other factors which are described in the Fund's filings with Canadian securities commissions. Unless otherwise required by applicable securities laws, Cinram disclaims any intention or obligation to update or revise any forward-looking statements.

Contacts

Lyne Beauregard Fisher
Tel: (416) 321-7930
lynefisher@cinram.com