Cassiar Asbestos Corporation Limited

INFORMATION CIRCULAR

By-Law Number 98

By-law number 98 enacted by the Directors March 13, 1975 is a By-law authorizing the Directors to
borrow and give security and replaces By-law 75 which was the previous By-law authorizing the Directors
to borrow and give security. The new By-law, as enclosed, gives effect to technical changes arising out of
changes in the governing Canada Corporations Act.

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 in the Library, Royal York Hotel, 100 Front Street West, Toronto,
Ontario, on Thursday, April 17, 1975, 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 MEETING, THE MANAGEMENT
OF THE COMPANY SOLICITS YOUR PROXY AND YOU ARE REQUESTED TO FILL IN, DATE,
SIGN AND RETURN THE ENCLOSED 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 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 14, 1975, 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 17, 1975, the date of the meeting, are entitled to vote thereat. The registered holders of all
shares are entitled, at the meeting, to one vote for each share held.

PaGE EIGHT