Press Releases

FA Power Fund and First Asset PowerGen Fund Announce Estimated Distributions for December 2007

TORONTO, December 18, 2007 - FA Power Fund (TSX: PFA.UN) announces an estimated distribution of $0.10 per unit per month ($1.20 per unit per annum) and First Asset PowerGen Fund (TSX: PGT.UN) announces an estimated distribution of $0.12 per unit per month ($1.44 per unit per annum) for the month ending December 31, 2007. The distributions will be paid on January 15, 2007 to unitholders of record on December 31 2007.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.