Enerplus shares will continue trading as usual on the New York Stock Exchange as "ERF" throughout the conversion process. Gordon J. Kerr President & Chief Executive Officer Enerplus Resources Fund Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans" and similar expressions, are forward-looking information that represents management of Enerplus' internal projections, expectations or beliefs concerning, among other things, the anticipated closing of the conversion of Enerplus from a trust to a corporation,. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Enerplus' actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.