An anonymous director reports

CE FRANKLIN LTD. ANNOUNCES STRATEGIC REVIEW

On April 16, 2012, the special committee of the board of directors and the board of directors of CE Franklin Ltd. met to consider the options and alternatives available to take steps in the best interest of CE Franklin and CE Franklin shareholders.

The board of directors and the special committee have decided it is in the best interest of CE Franklin and all shareholders to commence formally a review process. The board of directors and the special committee had previously engaged CIBC World Markets Inc. to advise them. CIBC will continue to advise CE Franklin through the review process.