Document OzX63D3mrD5bEG6Xn6L029b4Q

FILE NAME Cape Asbestos CAPE DATE 1977 June 3 DOC CAPE165 DOCUMENT DESCRIPTION Suggested language for statement in Annual Report regarding Cape Industries being named a defendant in USA Legal - Tibbs Case Exhibit 63 EI ECTRONIALY FILED - VIA WI LOWIRCO CGO 3.6 FOR THE ATTENTION OF S A MILWID OR MAX MEYER LORD RE U S CLAIMS OUR PARENT COMPANY CHARTER CONSOLIDATED LTD ITS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR MARCH 1977. IT PROPOSES IN SIMILAR MANNER INCORPORATE THE FOLLOWING WORDING LORD BISSELL SHORTLY PUBLISH~ BISSELL ENDING 31ST TO CAPE TO BISSELL BROOK CAPE INDUSTRIES LTD TOGETHER WITH TWO OF ITS OVERSEAS SUBSIDIARIES HAS BEEN NAMED A DEFENDANT IN ACTIONS BROOKBROOK IN THE USA WHICH SEEK THE RECOVERY OF VERY SUBSTANTIAL DAMAGES THESE ACTIONS ARE BEING STRENUOUSLY CONTESTED IN THE OPINION OF THE COMPANY'S AMERICAN LEGAL ADVISERS THE AMOUNTS CLAIMED ARE HIGHLY SPECULATIVE AND CONJECTURAL AND HAVE ONLY A TENJUUS HASIS IN LAW OR IN FACT IN THE LIGHT OF THIS ADVICE THE DIRECTORS BELIEVE THAT NC MATERIAL LIABILITY IS LIKELY TO ARISE AS A RESULT OF THE ACTIONS AND NO PROVISION HAS BEEN MADE IN THESE THESE ACCOUNTS IN RESPECT OF ANY SUCH LIABILITY KINDLY CONFIRM CHARTER LONDON THAT THIS NOTE DIRECT TO MR W PAIN OF CHARTER TELEX 264791 COPY TO AR R DAWKINS ALSU AT CHARTEK STILL PROPERLY REFLECTS THE POSITION AND NOTIFY HIM YOU IMMEDIATELY IF TO CHANGE THIS ANY FACTORS OCCUR SUBSEQUENTLY REQUIRING ADVICE GRATEFUL FOR CONFIRMATION AS SOON AS POSSTEL 2023 Oct 18 12:13 PM - JUN RICHLAND 3 - ECEIVE1977 COMON PLEAS - _ 203CP41759 KIND REGARDS A J PENNA + LOWIRCU CGO 2 4311 CAPIND G CAPE000781 200 200 200 200