The transaction is expected to be completed before the end of March following fulfillment of the remaining conditions of closing. 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. 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.