June 12, 2001

Report to Contributors re Wajax Pension Surplus Challenge

Recently your committee has been asked by quite a few contributors questions that they would like answered . The main questions that have been asked many times are as follows:

1. How much support in the way of $100 contributions have we had?
2. What is our next step?
3. Why did we not organize a representative group to protest our treatment at the Wajax Annual Meeting as was done by the National Trust Pension Group?

We will answer these to the best of our ability keeping in mind that some information must remain confidential or it would jeopardize our expected legal case.

Question #1-
The support from the employees has been nothing short of unbelievable. In our initial meetings we arrived at a budget figure which we required to get information together, legal consultation, and seed money for a hoped for lawsuit against Wajax. With this $ figure in mind we estimated how many people would need to contribute to cover these costs and agreed that if this estimated number of contributors were not forthcoming we would abandon our campaign.

We are pleased to report that our budget was exceeded in the first couple of weeks and contributions continue to come in. We have now more than doubled our minimum requirement so we are able to handle expected expenditures comfortably. This does not mean that we cannot use more so if you know anyone who has not joined us please encourage them to do so.

Question #2-
We are now nearing a legal opinion on our chances of success so this question should be answered within the next two weeks

Question #3-

We purposely did not promote a confrontation at the Annual meeting for the following reasons:
a) We do not want to embarrass Wajax as we are still mainly loyal employees and want the Company to prosper as this will enhance our lives. We only want what we feel is due us i.e. The Pension Surplus.
b) We have been asked by a well known member of the national press to give an interview towards an article about "The Sobeys and their minions exploiting their poor workers" we guess similar to the infamous Dominion Stores vs Conrad Black lawsuit several years ago. We have refused for the reason above plus we do not feel exploited except with reference to the Pension Surplus.