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IPSCO Announces Agreement With Corridor Pipeline Limited

14 January 2000

IPSCO Announces Agreement With Corridor Pipeline Limited

    REGINA, Saskatchewan--Jan. 13, 2000-- IPSCO(TSE:IPS.)

    IPSCO Inc. announced today that its wholly owned subsidiary, IPSCO Saskatchewan Inc. has entered in to an agreement with Corridor Pipeline Limited to provide mill space on IPSCO's 24" ERW mill production facilities for the production of line pipe during 2000 and 2001.
    It is currently Corridor's intention to purchase approximately 453 kilometres of 24" line pipe from IPSCO. IPSCO said that the period of production is estimated to be 24 weeks, spread over four delivery dates.
    This news release contains forward looking information with respect to IPSCO's operations and beliefs. Actual results may differ from these forward looking statements due to numerous factors, including those discussed in IPSCO's 1998 Annual Report for its fiscal year ended December 31, 1998.