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Purchases under the normal course issuer bid will be made through the facilities of the TSX or any Canadian alternative trading system. The period of the normal course issuer bid will extend from November 9, to November 8, , or an earlier date should Tree Island Steel complete its purchases. All common shares purchased under the bid will be cancelled.

MARKETVOLUME

The actual number of common shares purchased, the time of purchases and the price at which the common shares will be acquired will depend on future market conditions. As of October 31, , 28,, common shares of Tree Island Steel were issued and outstanding, of which 12,, represented the public float.


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