Change in U.S. Reporting Status

Based on a review of the costs of compliance with U.S. reporting requirements, Carmanah's Board of Directors elected to suspend the Company's 20-F registration by filing a notice on Form 15 with the U.S. Securities and Exchange Commission (SEC). The filing took effect from 2007 onward.

Carmanah continues to file continuous disclosure reports in accordance with Canadian reporting requirements. The Company's filings can be viewed on SEDAR, the Canadian electronic filing service, at www.sedar.com.