Cassiar Asbestos Corporation Limited

INFORMATION CIRCULAR

By-Law Number 97

BE IT ENACTED, and it is hereby enacted, as By-Law number 97 of Cassiar Asbestos Corporation
Limited, as follows:—

1. The number of the directors of the Company be, and it is hereby, increased from thirteen (13)
to fourteen (14).
De By-law numbered 3 is hereby amended accordingly.

ENACTED by the board of directors this 13th day of March, 1973.

Solicitation of Proxies

This statement is furnished by the management of Cassiar Asbestos Corporation Limited,
hereinafter called the “Company”, in connection with the solicitation of proxies for use at the Annual
and Special Meeting of Shareholders of the Company to be held at the Huron Room, Four Seasons-
Sheraton Hotel, 123 Queen Street West, Toronto, Ontario, on Thursday, April 12, 1973, at 10:00
o’clock in the forenoon for the purpose set out in the accompanying notice of meeting.

Solicitation is being made by mail, which may be supplemented by telephone or other personal
contact, to be made without special compensation by officers and employees of the Company. The
Company will bear all expenses in connection with the solicitation of proxies but the Company will not
reimburse shareholders, their nominees or agents for any costs incurred in obtaining from their principals
instruments of proxy or authorization to execute such proxies.

IN THE EVENT OF YOUR NOT BEING PRESENT AT THE ANNUAL AND SPECIAL
MEETING, THE MANAGEMENT OF THE COMPANY SOLICITS YOUR PROXY AND YOU
ARE REQUESTED TO FILL IN, DATE, SIGN AND RETURN THE ACCOMPANYING
INSTRUMENT OF PROXY.

The shares represented by such proxy will be voted at the meeting and, where a choice with
respect to any matter to be acted upon has been specified in the proxy, the shares, subject to the Canada
Corporations Act, will be voted in accordance with the specification so made. WHERE NO CHOICE
IS SPECIFIED WITH RESPECT TO ANY MATTER, THE SHARES SO REPRESENTED WILL
BE VOTED IN FAVOUR OF SUCH MATTER.

Revocability of Proxy

Any proxy given by a registered shareholder may be revoked by notice in writing executed by the
shareholder or his attorney authorized in writing or, if the shareholder is a corporation, under its
corporate seal or by an officer or attorney thereof duly authorized, and deposited either at the head
office of the Company at any time up to and including the last business day preceding the day of the
meeting, or any adjournment thereof, at which the proxy is to be used, or with the chairman of the
Annual and Special Meeting on the day of the meeting or adjournment thereof which shall be a valid
revocation of such proxy, except as to any matter in which a vote may already have been cast pursuant
to the authority conferred by such proxy.

Voting Shares and Principal Holders Thereof

As of March 13, 1973, the authorized capital of the Company is 5,500,000 shares without
nominal or par value, all of which are issued and outstanding as fully paid and non-assessable. Only
shareholders of record on April 12, 1973 the date of the Annual and Special Meeting, are entitled to
vote thereat. The registered holders of all shares are entitled, at the Annual and Special Meeting, to
one vote for each share held.

To the knowledge of the directors and officers of the Company, the following are the only
shareholders beneficially owning, directly or indirectly, 10% or more of the issued and outstanding
shares of the Company. 3

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