Company Taken Over

Effective October 30, 2008, Fording Canadian Coal Trust was acquired by Teck Cominco Limited. Unitholders of Fording received 0.245 of a Teck Class B subordinate voting share and cash in the amount of US$82.00 for each unit of Fording. The following notice was included in a press release from Fording on October 23, 2008. "Fording expects that all or substantially all of the distributions and other amounts payable to holders of units under the arrangement, including all cash amounts and the fair market value of any Class B subordinate voting shares of Teck, will constitute ordinary income to holders of units and, in the case of non-resident holders of units, will be subject to Canadian non-resident withholding tax. This income inclusion cannot be offset by capital losses, if any, recognized as a result of the arrangement. Taxable holders of units who are resident in Canada and who hold their units on capital account and holders of units who are not residents of Canada will want to consider disposing of their units on the TSX or the NYSE with a settlement date that is prior to the closing date of the arrangement and should consult their own tax and investment advisors with regard to this decision."