Noranda Income Fund Unit T.NIF.UN

RE:RE:nomination to BOD

[rjk1234]

Per a letter received from one of the directors many months ago, NIF is not governed by the provisions of the Business Corporations Act (Ontario). Rather NIF is an unincorporated open-ended trust established under the laws of the Province of Ontario pursuant to a trust indenture dated April 18, 2002, as amended and restated as of December 12, 2011.

I don’t know what this indenture has to say about nomination of directors but presume that procedures would be similar to those under the Business Corporations act since shareholders do get to vote for directors as part of the AGM process. In any case French language skills would not be a requirement since NIF is established under the laws of Ontario.

I was unsuccessful in finding full contact info for Daniel Lau on the web—can you give me more specific contact info, as I too would like to contact him about all this.