In addition, FCT shareholders also approved the three additional resolutions, the Vend-In Resolution, the Continuance Resolution and the Borrowing Resolution as set forth in the Management Information Circular. The Vend-In Resolution asked for shareholder approval of the purchase by the Corporation from Madison of certain commercial and industrial real estate property. The Continuance Resolution asked for shareholder approval of the continuance of the Corporation to the jurisdiction of the Canada Business Corporations Act (the "CBCA"), and the Borrowing Resolution asked for shareholders to authorize the guarantee by the Corporation of obligations of Madison under its credit facilities and the granting of security for such guarantee.

FCT will now seek final approval of the Court, and is expected to complete the transaction before the end of March. Upon the completion of the Arrangement FCT will change its name to MP Western Properties Inc. which will carry on a real estate business. FCT Opco Inc. ("Opco"), which will carry on the solid oxide fuel cell ("SOFC") business, will change its name to Fuel Cell Technologies Ltd. ("FCTL"). FCTL will be a reporting issuer under applicable securities legislation in Ontario, and therefore be subject to the continuous disclosure obligations imposed on a reporting issuer in Ontario. Certain other Provinces in Canada have similar but not identical securities provisions that may apply to have FCTL treated as a reporting issuer in those other jurisdictions. FCTL has not and does not intend at this time to seek any assurances from any securities regulators relative to its reporting issuer status in these other jurisdictions. FCTL Common Shares are not listed on any exchange, and there can be no assurance that any steps will be taken to obtain such a listing.

Over the past decade, FCT has designed and built custom fuel cell power systems. Fuel cell systems are the future of power generation because of their environmental benefits and high efficiency. FCT's 5kW SOFC systems are designed to operate on a variety of readily available fuels and provide a highly efficient, environmentally friendly method to produce on-site electricity and heat that can be used in a variety of remote, commercial, industrial and residential applications.