1. MICHAEL GRANDIN director since 2003 Mr. Grandin is the Chairman and CEO of Fording Canadian Coal Trust and Fording Inc. and the former Dean of the Haskayne School of Business at the University of Calgary. He is also the former President of PanCanadian Energy Corporation and former Executive Vice President and CFO of Canadian Pacific Limited. 2. JUANITA HINSHAW director since 2002 Ms. Hinshaw is President of H&H Advisors, a private consulting firm, and the retired Senior Vice President and CFO of Graybar Electric Company, Inc., an electrical, telecommunications and data products distributor. She is also the former Vice President and Treasurer of Monsanto Company. 3. JACK MICHAELS director since 2000 Mr. Michaels is Chairman, President and CEO of tool manufacturer Snap-On Incorporated. He is also the former Chairman, CEO and President of HNI Corporation, an office furniture and hearth products manufacturer. 4. BERNARD MICHEL director since 1998 Mr. Michel is the retired Chairman, President and CEO of Cameco Corporation, the world's largest uranium producer. He also serves as Chairman of the Board of Directors for Bruce Power Inc. 5. ALLAN OLSON director since 1989 Mr. Olson is President and CEO of First Industries Corporation, a business investment and management company, and former President and CEO of Churchill Corporation, an industrial construction company. 6. ARTHUR PRICE director since 1979 Mr. Price is the Chairman and CEO of Axia NetMedia Corporation, an IP network systems and media solutions company.

7. RICHARD SIM director since 1994 Mr. Sim is the retired Chairman, President and CEO of APW Ltd., an integrated electronic enclosure systems company. Prior to this, he served as Chairman of Actuant Corporation (formerly Applied Power Inc.), a manufacturer of hydraulic equipment. 8. DAVID SUTHERLAND director since 2002 Mr. Sutherland is President and CEO of IPSCO Inc. He also holds directorships with the Steel Manufacturers Association, the American Iron and Steel Institute, the Canadian Steel Producers Association (Chairman) and the International Iron and Steel Institute. 9. ROGER TETRAULT director since 1999 Mr. Tetrault is the retired Chairman and CEO of McDermott International, Inc., a worldwide energy services company. He is also a former member of the NASA Advisory Council. Mr. Tetrault will be retiring from the Board in 2007. 10. GORDON THIESSEN, O.C. director since 2001 Mr. Thiessen is Chairman of the Canadian Public Accountability Board, which oversees the auditors of public companies, and a former Governor of the Bank of Canada. 11. D. MURRAY WALLACE director from 1974 to 1982 and since 1987 Mr. Wallace is Chairman of Park Street Capital Corporation and the former President of Axia NetMedia Corporation, an IP network systems and media solutions company. 12. JOHN ZAOZIRNY, Q.C. director since 1987 Mr. Zaozirny is counsel to McCarthy Tétrault LLP, barristers and solicitors. He currently serves as Vice Chairman of Canaccord Capital Corp. and is a Governor of the Business Council of British Columbia. He is a former Minister of Energy for the Government of Alberta.