An anonymous director reports

CE FRANKLIN LTD. ADOPTS SHAREHOLDER'S RIGHTS PLAN

Further to the announcement of a strategic review process, on April 17, 2012, CE Franklin Ltd. adopted a shareholders rights plan to ensure that, in the context of a bid for control of CE Franklin, the board of directors would have sufficient time to consider the bid and conduct the strategic review process. Additionally, the shareholders rights plan gives shareholders an equal opportunity to participate in such a bid; and gives them adequate time to properly assess the bid. The shareholders rights plan is not intended to and will not prevent a takeover of CE Franklin.

We seek Safe Harbor.