August 2004

Granby Steel Tanks, 50 years of expertise and service.
1954-2004

Granby Steel Tanks was the first manufacturer of residential and commercial steel tanks for petroleum products. The company was founded in 1954 by Granby natives Gérard Bernier and Fernand Racicot. In 1973, Gerard's son Claude Bernier took over the company's reins. Today, Granby Steel Tanks, having celebrated its 50th anniversary in August 2004, is a Canadian limited partnership company.

The company has built its reputation as the leader in the field of steel tank manufacturing. Through its continual quest for product improvement, it has simultaneously enhanced overall industry standards.

The current team contributing to the company's ongoing success is composed of some 150 individuals whose dedication to production ethics continually exceeds client expectations. The result of their commitment is the continual growth of Granby Steel Tanks' reputation. Its quality labour force keeps the company at the North American forefront in the manufacture and distribution of steel tanks for petroleum products.

At Granby Steel tanks, our first concern is customer satisfaction. In addition to offering products of superior quality, we feel a sense of obligation to continue with the innovation and creation of new products within our vital research and development program. All of our work is carried out in strict respect for the environment and with the desire to improve the overall appeal of the products we offer.

January 2004

FOR IMMEDIATE RELEASE

GRANBY STEEL TANKS ACQUIRES
ASSETS OF KAMCO PRODUCTS LIMITED

Oakville , Ontario : Granby Steel Tanks, North America 's leading manufacturer of high quality steel storage tanks for the North American heating, air conditioning and plumbing market, has entered into an agreement to acquire the assets of Kamco Products Limited. The acquisition is expected to be completed during the first week of February, 2004. Kamco is North America 's leading manufacturer of coated copper tubing for oil, gas, potable water and various industrial applications. Mr. Brad Sigouin, the founder of Kamco, will continue as President of the company. Mr. Bill McKinstry will join Kamco as Chief Operating Officer. Together, Mr. McKinstry and Mr. Sigouin bring unequalled knowledge of both the copper industry and the natural gas, fuel oil and potable water industries.

Granby Steel Tanks is excited at the prospect of expanding into new sectors of the Heating and Air Conditioning industry markets with the Kamco line of superior products. Kamco's commitment to leading-edge quality, service and innovation aligns well with Granby 's management philosophy and vision for the future. Kamco will accelerate its sales growth by utilizing Granby 's 50 years of experience serving the oil industry via a network of independent distributors in both the United States and Canada . Granby and Kamco are looking forward to working together and pioneering industry innovations which will exceed their customers' expectations.

Granby Steel Tanks is controlled by TORQUEST PARTNERS Inc., a Canadian-based manager of private equity funds. The TORQUEST PARTNERS VALUE FUND, L.P., with a capitalization of over $180 million, is pursuing investments in middle and later-stage companies.

ANNOUNCEMENT

Granby, Quebec, January 29, 2004 --- Granby Steel Tanks, a leading manufacturer of residential steel tanks today announced the introduction of an adhesive label on its UL 80 and UL 142 residential oil tanks as shown below, to replace the former welded one method.

Benefits of the new adhesive label:

• EASIER TO READ
• INCLUDES A BAR CODE FOR ENHANCED INVENTORY CONTROL AND TRACING
• NOT REMOVABLE

January 2002

Oil Tank Installation:

All oil tank installations must be done by a qualified person whose competence is recognised by local authorities with jurisdiction over such matters.

Tanks installed by someone not meeting this criteria will result in a nullified warranty.

It is of critical importance that someone be present during the first fill-up to verify the integrity of the tank and pipe connections.

Please take note of warning and installation instructions affixed to the tank.

Your safety, your satisfaction and the protection of the environment are our main concerns.

Granby Steel Tanks introduces its new paint line:

Granby Steel Tanks introduces its new electrostatic powder coat paint system. All production of residential oil tanks since August 2000 features this state of the art finish. Oil tanks in future will be significantly more resistant to rust and handling.

Canadian tanks models will feature a grey colour. All US models are available in either black or grey. Our commitment is to continuously improve our products to the satisfaction of our customers.

Leg Brackets:

With the addition of a powder coat paint line in our manufacturing process, we sincerely hope that you have noticed a significant improvement in the overall quality and durability of the product.

While we attempt to insure that we get paint in every part of the tank, paint also gets inside the leg bracket threads. Consequently, this results in the installer experiencing more resistance when placing the legs.

We suggest that the installation can be made easier by using a pipe wrench. However, caution must be used to avoid cross-threading. Please inform your installers accordingly.

Quality and customer satisfaction are our prime concerns.