The Canadian Securities Administrators are increasing the annual filing service charges for the System for Electronic Document Analysis and Retrieval, effective January 1, 2002.

These increases will be implemented by CDS INC. in SEDAR in a code update on January 7, 2002, and cover CDS INC.’s costs of implementing and maintaining the System for Electronic Disclosure by Insiders, which was launched on October 29, 2001. These increases will apply to all reporting issuers (other than mutual funds) that file disclosure documents through SEDAR.

There are no service charges payable either by insiders for filing in SEDI or by the public for accessing information filed in SEDI. The timing and amount of these increases in the annual service charge will vary, depending on the type of SEDI issuer.