June 13, 2006 — Ipsco Inc. President and CEO, David Sutherland, and Regina Exhibition Association Chair Dale Canham have announced a multi-million dollar community partnership agreement.

As part of the new 15-year partnership agreement, Ipsco will contribute CDN $2.5 million to assist with a recently announced renewal and revitalization plan for Regina Exhibition Park. The park will be re-named Ipsco Place in recognition of the company's important contribution to the renewal and revitalization of the grounds and facilities.

On May 26, 2006, Regina Exhibition Association announced a long-range plan for renewal of the Brandt Centre and the development of a new 400,000 square foot Agri-Trade and Event Complex. This state-of-the-art, energy efficient facility will replace aging, inefficient buildings and will have the flexibility to host livestock events, as well as provide indoor winter sports and trade show exhibit space.

"I congratulate David Sutherland and Ipsco on this very significant announcement today. Brandt is very pleased to partner with Ipsco and the Regina Exhibition Association, and to have the Brandt Centre located within the new Ipsco Place," said Gavin Semple, President of Brandt Industries Ltd.

The new Ipsco Place (known formerly as Regina Exhibition Park) is located on 102 acres and includes over 1,000,000 square feet of facilities in the heart of Regina, Sask., Canada. Over one million people will pass through the gates of Ipsco Place annually, with an economic impact of approximately $66 million.

Ipsco operates steel mills at three locations and pipe mills at six locations in Canada and the United States. As a low-cost North American steel producer, Ipsco has a combined annual steelmaking capacity of 3,500,000 tons. The company's tubular facilities produce a wide range of tubular products including line pipe, oil and gas well casing and tubing, standard pipe and hollow structurals. Steel can also be further processed at Ipsco's five temper leveling and coil processing facilities.

Ipsco was founded in Regina 50 years ago and although its operations have grown to cover all of North America, the company still maintains major facilities and operations in that city.