You must read and confirm the following LEGAL DISCLAIMER in order to view the presentation.

Granby Industries Income Fund (the "Fund") is making the following Internet roadshow presentation (the "Presentation") available in Canada only, to individuals properly registered under the applicable securities legislation. Any unauthorized use of the Presentation is strictly prohibited. You must read the amended and restated preliminary prospectus of the Fund dated November 18, 2004 (the "Prospectus") prior to viewing the Presentation, as the Presentation does not contain all of the information in the Prospectus. The Presentation is qualified in its entirety by the Prospectus.

To view the English prospectus, please click here.

To view the French prospectus, please click here.

CONTENT OF WEBSITE

The information provided in this Website is not intended to provide financial, tax, legal or accounting advice. Neither this Website, nor its contents constitute an offer to sell or a solicitation of an offer to buy units of the Fund (the “Units”).

JURISDICTION

This Website is intended for use in Canada only. When the Units are qualified for sale, they will only be offered in Canada. Individuals who have accessed this site from outside of Canada will not be permitted to, and agree not to, access the Presentation.

PRELIMINARY PROSPECTUS

No securities commission or similar authority in Canada has in any way passed upon the merits of the securities offered by the Prospectus. Any representation to the contrary is an offence. The Prospectus has been filed with the securities authorities in each province and territory in Canada but has not yet become final for the purpose of a distribution to the public. The Prospectus is subject to completion or amendment. The Units may not be sold to, nor may offers to buy be accepted from, Canadian residents prior to the time a receipt for a final prospectus is obtained from the appropriate Canadian securities authorities.

PROHIBITION ON DISTRIBUTION

This Presentation may not be printed, recorded, copied or otherwise distributed or rebroadcast in any medium whatsoever.

TERMS OF ACCESS

• You are registered under your applicable securities legislation in a category that would allow you to sell the Units in Canada.
• You have read the Prospectus.
• You will not disclose the password provided to you for viewing the Presentation or otherwise provide access to the Presentation to any person without the written consent of RBC Dominion Securities Inc. and Scotia Capital Inc.
• You will not print, copy, record, or otherwise distribute any part of the Presentation or otherwise disseminate any information contained in the Presentation.
• You are a resident of Canada and are accessing this Presentation within Canada.