An anonymous director reports

ARMTEC COMMENTS ON DELISTING REVIEW INITIATED BY TORONTO STOCK EXCHANGE

The Toronto Stock Exchange has informed Armtec Infrastructure Inc. that it has commenced a review process with respect to the continued listing of Armtec Infrastructure's securities on the TSX. Under this process, the company has been granted 60 days to comply with all TSX requirements for continued listing. If the company cannot demonstrate that it meets all TSX requirements for continued listing on or before May 1, 2015, the company's securities will be delisted 30 days from such date. The company understands that the TSX has initiated this process as a result of the company's disclosure on Feb. 26, 2015, about its continuing review of various alternatives. Armtec's underlying business, trade creditors and employees would be unaffected by any delisting of the company's securities.

As disclosed in the February press release, the company has commenced a sale and investment process and executed an agreement with Brookfield Capital Partners Fund II LP. In the event no transaction emerges from the sale and investment process or otherwise, which would result in Brookfield's indebtedness being repaid in full, together with certain other liabilities of Armtec, Brookfield will indirectly acquire all of Armtec's assets in exchange for Brookfield's indebtedness. Brookfield has also agreed to provide a new short-term facility of $20-million to Armtec which is available during the sale and investment process. There can be no assurance that the sale and investment process, an investment, or the Brookfield transaction will provide any recovery for the holders of Armtec's existing senior notes, convertible debentures or common shares. Any recovery would be limited to sale or investment transaction proceeds in excess of the amount owing to Brookfield and Armtec's other senior lenders, which will be nil in the event Armtec pursues the Brookfield transaction.

It is the company's current intention to maintain a public listing for the company's shares and convertible debentures during the sale and investment process, if possible, and it will work with the TSX during this period in respect of the delisting review.

We seek Safe Harbor.