Bird Construction Income Fund Announces award of $118 million contract with
Defense Construction Canada

LISTING: TORONTO STOCK EXCHANGE

SYMBOL: BDT.UN

TORONTO, May 31 /CNW/ - Bird Construction Income Fund announced that a subsidiary of the Fund has executed a $118 million fixed price contract with Defense Construction Canada for the design and construction of the Pleasantville Consolidation Project located in St. John's, Newfoundland. Construction will commence immediately and is expected to be completed by the fall of 2013.

This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: P.R. Raboud, C.E.O. or S.R. Entwistle, C.F.O., Bird Construction Company Limited as Administrator of Bird Construction Income Fund, 5403 Eglinton Avenue West, Toronto, ON, M9C 5K6, Phone: (4l6) 620-7122, Fax: [phone]