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Proxy Solicited by the Board of Directors and Management forthe Annual and Special Meeting of Shareholders to be held on March 26, 2002at 4:00 p.m. (Toronto time) at the Toronto Stock Exchange Conference Centre,130 King Street West, Toronto, Ontario

  • Toronto, Ontario –
  • March 26, 2002
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This proxy is solicited by the Board of Directors and Management of Electrofuel Inc. The undersignedcommon shareholder of Electrofuel Inc. hereby appoints Dr. Sankar Das Gupta of Mississauga, Ontario, orfailing him, Dr. James K. Jacobs of Toronto, Ontario, or instead of either of the foregoing

the nominee of the undersigned to attend, vote and act for the undersigned and on behalf of the undersignedat the Annual and Special Meeting of Shareholders of Electrofuel Inc. to be held at 4:00 p.m.(Toronto time) on the 26th day of March, 2002 and at any adjournment or adjournments thereof.Without limiting the general power and authority conferred, the said proxy is specifically directed to voteas follows on the following: