MISSISSAUGA, ONTARIO -- (MARKET WIRE) -- 03/29/07 -- Stephenson's Rental Services Income Fund (TSX: RNT.UN) will hold a conference call at 11:00 a.m. ET, Tuesday, April 3, 2007 to discuss its financial results for the three months and year ended December 31, 2006. Please dial 1-877-407-0778 to access the call. The conference call will also be broadcast over Stephenson's website at www.stephensons.ca. Please call or log in 10 minutes prior to the live call.

A recording of this call will be available for the following week. To access the recording, please call 1-877-660-6853, Account Number 286, Conference I.D. Number 236961.

About Stephenson's:

Stephenson's is the leading equipment and tool rental company in Toronto and the surrounding areas. Over the past 50 years, the Company has grown from a single location into one of the top ten equipment rental businesses in Canada.

Through its 18 branches, Stephenson's provides rental equipment and sells consumables to a diverse base of over 30,000 customers, divided into three primary categories: (i) residential, new construction; (ii) non-residential, new construction; and (iii) renovations.

Further information can be found in the disclosure documents filed by Stephenson's Rental Services Income Fund with the securities regulatory authorities, available at www.sedar.com.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Certain statements in this press release may constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred for additional information concerning the Fund, its prospects and the risks and uncertainties relating to the Fund and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund to be materially different from those contained in forward-looking statements. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

Contacts:
Stephenson's Rental Services Income Fund
William D. Swisher
Chief Executive Officer
(905) 507-3650
Website: www.stephensons.ca