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Attwater

Interim Receiver Appointed For Kafus

18 August 2000

Kafus Industries Ltd. reported that a petition for a Receiving Order was filed August 14, 2000 with the Supreme Court of British Columbia. At the request of a petitioning creditor, the court appointed PricewaterhouseCoopers Inc. as Interim Receiver of Kafus pending further proceedings. Kafus also reported that its remaining directors, Michael Cunningham, Milt Datsopoulos, Lynda Murdock and Gordon Robinson resigned. Kafus is an emerging global manufacturer of superior materials produced from sustainable resources.