October 2005

IPSCO donates half million to Red Cross and pledges to match employee donations

Lisle, IL— IPSCO Toronto announced it is donating $500,000 to the Alabama Gulf Coast Chapter of the American Red Cross to be used in Hurricane Katrina relief work. The aid will be focused on hard hit communities along Alabama’s gulf coast including Mobile and Baldwin Counties where the Alabama Steelworks is located and most IPSCO employees live. The Alabama Gulf Coast Chapter is also providing shelter assistance to a large number of refugees from Mississippi and Louisiana.

“Our thoughts are with our employees, their families and neighbors who are living through an overwhelming situation in the gulf coast,” said David Sutherland, president and CEO of IPSCO. “We hope this donation in some small way can help in the recovery process.”

In addition, the company has announced a matching grant program to support and magnify the impact of employee donations in respect of Hurricane Katrina. IPSCO will match every dollar contributed by all its employees across the corporation to registered charities of their choice established for Hurricane Katrina. The company portion of the match will be made to the Alabama Gulf Coast Chapter of the American Red Cross.

The company will also continue looking at in-kind donations and support it can provide as this disaster unfolds. To date trucks filled with gasoline, fuel, cases of bottled water, high protein foods, generators and ice have been sent to the Alabama steel plant to further assist in the recovery process.

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