Investor Relations

Montreal, July 15, 2008 - GENIVAR Income Fund (TSX:GNV.UN) (the "Fund") announced today that it has approved a 50% increase in the monthly distributions of the Fund to $0.125 per unit from $0.0833 per unit. On an annualized basis this equates to distributions of $ 1.50 per unit. This distribution increase will be effective for the Fund's July 2008 distribution that will be payable on August 15, 2008 to unitholders of record on July 31, 2008.

The increase in the monthly distributions is a direct result of the Fund's solid financial performance, its current financial condition and the level of activity anticipated for the balance of 2008.

Of its 39.6% ownership interest in the Fund, GENIVAR Inc. holds 4,731,845 units of GENIVAR LP (accounting approximately for 22% of the distributions made by the Fund) which were subordinated in accordance with the terms of the limited partnership agreement of GENIVAR LP. On July 15, 2008, the Audit Committee of the Fund determined that the subordination period for such units had terminated in accordance with its terms.

About GENIVAR
GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as building, industrial and power, urban infrastructure, transportation and environment. GENIVAR is one of the largest engineering services firm in Canada in terms of number of employees with more than 3,000 managers, professionals, technicians and technologists and support staff in over 60 offices in Canada and abroad.

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For further information, please contact:

Marlène Casciaro
Director of Communications
GENIVAR Income Fund
Phone:  (514) 340-0046, ext. 5184