1033984 Alberta Ltd.

Receivership

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

On August 30, 2011, on an application made by 548897 Alberta Ltd. (“548”), an Order was granted by the Ontario Superior Court of Justice (Commercial List) (the “Court”), pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) appointing PricewaterhouseCoopers Inc.(“PwC”) as receiver (the “Receiver”) of all of the assets, undertakings and properties of 1033984 Alberta Ltd. (“103” or the “Company”).

On August 22, 2011, PwC prepared a Report as proposed receiver of 103 to (i) provide the Court with background information with respect to the Company, and to summarize the Company’s historic operating results and current financial position; (ii) provide an overview of the Company’s secured creditors, and summarize the review of the validity and priority of security in place over the Company’s assets; (iii) summarize the efforts undertaken by the Company to sell its remaining assets and operations; (iv) summarize the terms of a proposed sale transaction (the “Transaction”) pursuant to an asset purchase agreement between Milo — Food & Agricultural Infrastructure & Services inc. and 548 dated June 30, 2011; (v) reference the Assumption Agreement to be entered into by the Proposed Receiver, 548 and the Purchaser subject to the approval of the Court; and (vi) provide the Court with the Proposed Receiver’s recommendations for approval of the Transaction and the granting of a vesting order in respect of same, and seeking a temporary sealing order in respect of certain confidential information contained in this report.

On August 29, 2011, the Court authorized the Receiver to carry out and conduct the Transaction in respect of the Property of 103.

This Web site will be updated as information becomes available.