2005 Annual Report - Subsidiaries

Subsidiaries

POWEREX CORP.

Board of Directors

Lawrence I. Bell
Wanda C. Costuros
Elmer P. Derrick
Robert G. Elton
Robert A. Fairweather
Nancy D. Olewiler
Kenneth G. Peterson (Resigned effective December 14, 2004)
Peter J. Powell
Walter Saponja

Officers

Lawrence I. Bell, Chair
Teresa Conway, Acting CEO (Permanent appointment May 24, 2005)
David Wong, Vice-President, Finance and Chief Financial Officer (Acting) (Effective December 15, 2004)
Douglas J. Little, Vice-President, Marketing and Trade Policy
Myra E.M. Watson, Secretary
Debbie C. Lamming, Assistant Secretary (Resigned effective March 11, 2005)

Audit & Risk Management

Peter J. Powell, Chair
Wanda C. Costuros
Elmer P. Derrick
Robert A. Fairweather
Nancy D. Olewiler
Walter Saponja

POWERTECH LABS INC.

Board of Directors

William A. Best
Kenneth J. Finch
Prabha Kundur
Bruce Ripley (Effective October 20, 2004)
W. Bruce Sampson
Bev Van Ruyven

Officers

Kenneth J. Finch, Chair
Prabha Kundur, President
Peggy MacTavish, Director, Business Services
Myra E.M. Watson, Secretary
Debbie C. Lamming, Assistant Secretary (Resigned March 11, 2005)