Teranet Income Fund and Teranet Holdings Limited Partnership – 1

November 2, 2011

The Plaintiff EP Securities has decided not to pursue this action and will be asking the court for permission to discontinue this action. A discontinuance of this action means that any limitation period that may have been suspended during this class proceeding will begin to run once this action is discontinued. Persons interested in pursuing individual claims with respect to the take-over of Teranet Income Fund and Teranet Holdings Limited Partnership should consult their own counsel as soon as possible.

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