Plan of Compromise and Arrangement

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 March 8, 2011, Dura Automotive Systems (Canada), Ltd. (the "Applicants") filed a plan of compromise and arrangement (the "Plan") with the Ontario Superior Court of Justice (Commercial List) (the "Court") in their restructuring proceedings under the Companies' Creditors Arrangement Act ("CCAA").

The purpose of the Plan is: (a) to provide for an orderly realization of the Remaining Assets (as defined in the Plan) of the Applicant; (b) the payment of the Plan Amount to Morneau Shepell Ltd. for the purposes of distribution to the Creditors with Proven Claims in accordance with this Plan; and (c) the compromise of all Claims of the Creditors of the Applicant against the Applicant, the Plan Sponsor, the Dura Group, and each of their respective parents, subsidiaries, affiliates, present and former officers and directors, employees, associated individuals, auditors, financial advisors, legal counsel, other professionals, sureties, insurers, indemnities, agents, dependants, heirs, representatives and assigns, as applicable.

To become effective, the Plan must, among other things, be voted upon and be approved by the requisite majority of creditors entitled to vote at the meeting and must be approved by the Ontario Superior Court of Justice (Commercial List).

If you are not able or do not wish to attend the meeting in person but wish to vote on the Plan and are entitled to do so, please complete, sign, date and return the enclosed proxy by fax to PricewaterhouseCoopers Inc, at (416) 814-3219 (Attention: Donna Smith), by email to donna.smith@ca.pwc.com, or, alternatively, by mail or courier to 77 King Street West, P.O. Box 82, Suite 3000, Royal Trust Tower, TD Centre, Toronto, Ontario, M5K 1G8 (Attention: Donna Smith), such proxy to be received by no later than April 1, 2011.

If you have any questions on the Plan or the voting process, please contact us at 416-815-5118 or 1-877-332-1688. This website will be updated frequently as new information becomes available.