NOTICE is hereby given that the annual meeting (the “Meeting”) of shareholders of Electrovaya Inc. (the “Corporation”) will be held at the Toronto Stock Exchange Conference Centre, 130 King Street West, Toronto, Ontarioon Friday, March 21, 2003 at 4:00 p.m. (Toronto time) for the purposes of:
(a)receiving and considering the annual report, including the financial statements of the Corporation for the fiscal year ended September 30, 2002 and the report of the auditors thereon;
(b)electing directors;
(c)appointing KPMG LLP as the auditors of the Corporation for the next year and authorizing the Board of Directors of the Corporation to fix their remuneration; and
(d)transacting such other business as may properly come before the Meeting or any adjournment thereof.
Proxies are being solicited by the Board of Directors and Management of the Corporation. Holders of common shares of the Corporation are entitled to vote at the Meeting either in person or by proxy in accordance with the provisions of the Business Corporations Act (Ontario). If you are unable to be present at the Meeting, please date and sign the attached form of proxy and return it to CIBC Mellon Trust Company, Attention: Proxy Department, 200 Queens Quay East, Unit 6, Toronto, Ontario, M5A 4K9 prior to the Meeting in the self-addressed envelope provided for that purpose, prior to 4:00 p.m. (Toronto Time), on or before Thursday, March 20, 2003 (or if the Meeting is adjourned or postponed, on the last business day prior to the date of the adjourned or postponed Meeting) or deposit it with the Chairman of the Meeting. However, notwithstanding the foregoing, we urge you to sign, date and return the enclosed form of proxy by Monday, March 17, 2003 to assist us in preparing for the Meeting.