National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer

Part 10 Effective Dates and Transition

Instrument comes into force on July 1, 2002.

A reporting issuer that has filed a notice of a meeting and record date with the securities regulatory authority in accordance with the provisions of NP41 before the coming into force of this Instrument is, with respect to that meeting, exempt from the provisions of this Instrument if the reporting issuer complies with the provisions of NP41.

Despite section 2.7, a reporting issuer sending proxy-related materials to beneficial owners of securities under section 2.7 for a meeting to be held before September 1, 2004 shall send those materials only indirectly to the beneficial owners under section 2.12.

No person or company shall be obliged to furnish a NOBO list under this Instrument before September 1, 2002.