ATCO Ltd. Normal Course Issuer Bid

ATCO Ltd. Normal Course Issuer Bid 
CALGARY, ALBERTA -- (Marketwire) -- 02/22/13 -- The Toronto Stock
Exchange (the "Exchange") has accepted ATCO Ltd.'s (the
"Corporation") Notice of Intention to Make a Normal Course Issuer Bid
(the "Notice") pursuant to which the Corporation intends to make a
normal course issuer bid ("NCIB") for certain of its outstanding
Class I Non-Voting Shares ("Class I Shares") on the terms set forth
in the Notice. At the time of filing the Notice, the Board of
Directors of the Corporation was of the belief, and continues to be
of the belief, that the purchase of Class I Shares from time to time
at appropriate prices will minimize any dilution resulting from the
exercise of stock options to purchase Class I Shares and is an
advantageous use of the Corporation's funds.  
On February 19, 2013, 50,682,856 Class I Shares were issued and
outstanding. Under the terms of the Notice and the rules of the
Exchange, the Corporation may acquire up to 1,013,657 Class I Shares
of the Corporation (being 2% of the Class I Shares issued and
outstanding as at February 19, 2013, excluding any Class I Shares
held by or on behalf of the Corporation on such date), during the
period commencing on March 1, 2013 and ending on February 28, 2014 or
such earlier date on which the Corporation completes its purchases of
Class I Shares under the NCIB or terminates the NCIB at its option.  
The aggregate number of Class I Shares that the Corporation may
purchase under the NCIB during any trading day is subject to a
maximum daily purchase limit of 13,665 Class I Shares (being 25% of
the average daily trading volume for the six calendar months
preceding the date of the acceptance of the Notice) from March 1,
2013 to the termination of the NCIB. Exceptions may be made to this
daily purchase limit in accordance with the "block purchase"
exemptions of the Exchange policy.  
Any Class I Shares purchased pursuant to the Notice will be
cancelled. Class I Shares will be purchased at the market price of
the Class I Shares at the time of purchase and will be purchased on
behalf of the Corporation by a registered investment dealer through
the facilities of the Exchange and any alternate trading systems
through which trades of the Class I Shares may be effected under
applicable securities laws
. Any purchase of Class I Shares pursuant
to the NCIB will be financed out of cash and working capital of the
Corporation. 
The Corporation purchased 260,900 Class I Shares at an average
trading price of $73.57 during the most recent 12- month period
preceding the date hereof pursuant to a normal course issuer bid
which commenced on March 1, 2012 and expires on February 28, 2013.
All of such purchases were made by means of open market transactions
through the facilities of the Exchange.  
A copy of the Notice may be obtained by any shareholder without
charge by contacting the Corporate Secretary of ATCO Ltd. at the head
office of the Corporation.  
ATCO Ltd., with more than 9,400 employees and assets of approximately
$14 billion, delivers service excellence and innovative business
solutions worldwide with leading companies engaged in structures &
logistics (manufacturing, logistics and noise abatement), utilities
(pipelines, natural gas and electricity transmission and
distribution), energy (power generation, natural gas gathering,
processing, storage and liquids extraction) and technologies
(business systems solutions). More information can be found at
www.atco.com.  
Forward-Looking Information: 
Certain statements contained in this news release may constitute
forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as "anticipate",
"plan", "expect", "may", "will", "intend", "should", and similar
expressions. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements. The Corporation believes that the
expectations reflected in the forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should
not be unduly relied upon. 
The Corporation's actual results could differ materially from those
anticipated in these forward-looking statements as a result of
regulatory decisions, competitive factors in the industries in which
the Corporation operates, prevailing economic conditions, and other
factors, many of which are beyond the control of the Corporation.   
The forward-looking statements contained in this news release
represent the Corporation's expectations as of the date hereof, and
are subject to change after such date. The Corporation disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities
regulations.
Contacts:
ATCO Ltd.
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
(403) 292-7502
www.atco.com