An anonymous director reports

CE FRANKLIN LTD. SHAREHOLDER RIGHTS PLAN UPDATE

CE Franklin Ltd. has been notified by the Toronto Stock Exchange that it will defer consideration of the acceptance of CE Franklin Ltd.'s shareholder rights plan until May 31, 2012. A condition of acceptance of the rights plan by the TSX after the aforementioned time would be that requisite shareholder approval be obtained within six months of the adoption of the rights plan by the board of directors on April 18, 2012.

Shareholders should note that the rights plan remains in effect while TSX defers its review of the rights plan. a copy of the rights plan is available on SEDAR.

We seek Safe Harbor.