Investor Center — Shareholder Services

- The sale of TGI is a pivotal event for your Company. Your current Board initiated the strategic review that led to the sale, conducted the negotiations, and established relationships with the purchaser. The current Board is in the best position to complete the
transaction.

- Your current Board of Directors plans to distribute approximately US$18.8 million in cash (or US$0.80 per WGI share) to the shareholders of WGI subject to the successful closing of the TGI sale.

- The Strategic Review by the Special Committee is continuing and is refocusing WGI’s operations on existing and identified growth opportunities that are complementary to our core businesses of mining and distributing industrial minerals and manufacturing waterjet products. These efforts are designed to enhance both short and long-term shareholder value and need to be allowed to continue.

- While developing growth opportunities, your current Board is also taking steps to bring WGI’s fixed cost structure into line with revenue from its operations. As a result of the TGI sale, administrative and legal costs will be reduced substantially.

- The key issues of operating problems, costs, corporate governance and return to shareholders raised by Passport either have been, or are currently being, addressed by your Board for your benefit.

- The strategy proposed by the dissident shareholder is fundamentally consistent with the Company’s strategy, as demonstrated by the sale of TGI and the commitment to the waterjet business.

- Passport criticizes the current Board for WGI’s share price but – illogically – has nominated two former Directors of the Company, including the Chair of the Audit Committee, who served on the Board in 2004 and 2005 – the very time the WGI share price began its sudden and precipitous decline.

- Should it gain control of the Board, Passport can take control of the cash resources of WGI but is not making a fair offer to all shareholders to purchase the Company. It would be more reasonable to all shareholders if Passport were to make a proper offer to acquire the Company, rather than seeking to take control with no compensation to shareholders.