GrowthWorks Canadian Fund Ltd

On October 1, 2013, GrowthWorks Canadian Fund Ltd ("the Fund" ) sought and obtained an Initial Order (the "Initial Order") under the Companies' Creditors Arrangement Act (the "CCAA" ) from the Ontario Superior Court of Justice . The Applicants sought and were granted the stay of proceedings and other relief provided under the CCAA. Pursuant to the Initial Order, FTI Consulting ("FTI" or the "Monitor" ) has been appointed Monitor.

On November 19, 2024, The Fund provided an update on the proposed winding-up and dissolution of the Fund (see notice in the Other Documents & Notices section of the website). In order to ensure that any notice or distribution by the Fund to Class A Shareholders in connection with the Dissolution is properly given or made, Class A Shareholders and Nominees are encouraged to submit any changes in registration details since October 1, 2013 to the Fund's transfer agent, IAS, by utilizing the following website administered by IAS on behalf the Fund: https://www.autonomousinvest.com/gwcf

On December 18, 2024, GrowthWorks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against GrowthWorks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until the CCAA Termination Time and authorizing the making of distributions to Class "A" shareholders and Class "B" shareholders on or about March 31, 2025.

As referenced above, on December 18, 2024, the Fund obtained an amended and restated order of the Ontario Superior Court of Justice (the "Court" ) relating to the proposed wind-up of the Fund, including a possible cash distribution to the Fund's Class A shareholders utilizing the services of the Fund's existing transfer agent, The Investment Administration Solution Inc. (the "Transfer Agent" ). Following receipt of that Court order, the Fund and the Transfer Agent were unable to agree on the terms governing the delivery of those services. Accordingly, the Monitor requested that the Transfer Agent deliver the Fund's shareholder register (the "Shareholder Register" ) to the Monitor. The Transfer Agent did not deliver the Shareholder Register when requested, causing a delay in the proposed distribution process. As set out in the Monitor's 31st Report, the Monitor sought an order of the Court compelling the Transfer Agent to deliver the Shareholder Register. On March 4, 2025, the Court granted the requested order requiring the Transfer Agent to promptly turn over the Shareholder Register to the Monitor. The Shareholder Register was delivered to the Monitor on March 7, 2025. The Fund and the Monitor are currently working with an alternate service provider in relation to the proposed distribution; however, the distribution will be delayed beyond the previously anticipated date of March 31, 2025. The Monitor will post additional updates on the its website when the timing of the proposed distribution is finalized

With immediate effect all broker and dealer inquiries and transfer requests should be directed to the Investment Administration Solution Inc ("IAS"). Further details are available in a notice that was sent to brokers on March 30, 2015, and can be found under the Shareholder Information tab on the left of this page. IAS is unable to deal with shareholder inquiries, accordingly all shareholder inquiries should be made through your dealer or broker." IAS contact details are as follow;

The Investment Administration Solution Inc.
400-330 Bay Street
Toronto ON M5H 2S8
Phone: 416-368-9569
Fax: 416-368-7355
Email: dealer_services@investadmin.com

Phone: 416-649-8087

Toll Free Phone: 1-855-431-3185

Email: growthworkscanadianfundltd@fticonsulting.com