Finning International Inc T.FTT

Closing of Common Share Offering

[Georgia_Straight]

Finning Announces Closing of Common Share Offering 11/23/04 Finning International Inc. (TSX:FTT) NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Finning International Inc. ("Finning") announced today that it has closed its previously announced equity offering. Finning has issued a total of 10,000,000 Common Shares at a price of $30.50 per Common share for total gross proceeds of $305 million. The net proceeds of this offering will be used to fund a portion of the cost of refinancing the $425 million non-controlling partnership interests in its subsidiary, Hewden Stuart Plc. Scotia Capital Inc. and RBC Capital Markets were the co-lead managers for a syndicate of underwriters that included BMO Nesbitt Burns Inc., TD Securities Inc., Raymond James Ltd., CIBC World Markets Inc., National Bank Financial Inc., First Associates Investments Inc. and HSBC Securities (Canada) Inc. The securities offered have not been registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements. This media release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or otherwise, nor will there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Finning International Inc. is one of the world's largest Caterpillar equipment dealers. The Company sells, rents, finances and provides customer support services for Caterpillar equipment and engines in Western Canada, the U.K., and South America (Argentina, Bolivia, Chile and Uruguay). Headquartered in Vancouver, British Columbia, Canada, Finning International Inc. is a widely held, publicly traded corporation, listed on the Toronto Stock Exchange (symbol FTT). For additional information please visit out website at www.finning.com This release may contain forward-looking statements and information, which reflect the current view of Finning International Inc. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and Finning's actual results of operations could differ materially from historical results or current expectations. Finning assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein do not materialize. Refer to Finning's annual report, management information circular, annual information form and other filings with the Ontario Securities Commission and Toronto Stock Exchange for further information on risks and uncertainties that could cause actual results to differ materially from forward-looking statements contained in this report. CONTACT: FOR FURTHER INFORMATION PLEASE CONTACT: Finning International Inc. Tom Merinsky Vice President, Investor Relations [phone] Email: [e-mail] Website: www.finning.com