Canadian Drawn Steel Company Inc. Retirement Plan for Salaried Employees - March 27, 2006

IN THE MATTER of the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the “Act”);

AND IN THE MATTER of an Order made by the Superintendent of Financial Services under section 83 of the Act, respecting the Canadian Drawn Steel Company Inc. Retirement Plan for Salaried Employees (the “Plan”) Registration Number 0988196.

TO:

David R. Kearney
Principal
Morneau Sobeco Limited Partnership
895 Don Mills Road, Suite 700
One Morneau Sobeco Centre
Toronto, ON M3C 1W3

Administrator

AND TO:

Robert Boylan
Controller
Canadian Drawn Steel Inc.
155 Chatham Street
Hamilton, ON L8P 2B7

Employer

ALLOCATION

WHEREAS on December 21, 2005, the Director, Pension Plans Branch, by order and by delegated authority from the Superintendent of Financial Services declared, pursuant to sections 83 and 89 of the Act, that the Pension Benefits Guarantee Fund (the “Guarantee Fund”) applies to the Pension Plan;

NOW THEREFORE I shall allocate from the Guarantee Fund and pay to the Pension Plan, pursuant to subsection 34(7) of R.R.O. 1990, Reg. 909, under the Act (the “Regulation”), an amount not to exceed $3,026,100 which together with the Ontario assets of the Pension Plan, will provide for the benefits determined in accordance with section 34 of the Regulation. Any money allocated from the Guarantee Fund but not required to provide such benefits shall be returned to the Guarantee Fund.

DATED at Toronto, Ontario, this 27th day of March, 2006.

K. David Gordon
Deputy Superintendent, Pensions