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[LOGO - IPSCO] NEWS RELEASE
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FOR IMMEDIATE RELEASE
TENTATIVE AGREEMENT REACHED IN IPSCO LABOUR NEGOTIATIONS
[REGINA, SASKATCHEWAN] 4 December 2002 -- IPSCO Inc. (NYSE/TSX: IPS) is pleased
to announce that it has reached a tentative labour agreement with its workers in
Regina and Calgary, represented by the United Steelworkers of America. Both
Union locals involved have indicated they will recommend the terms of settlement
be accepted by their membership. Ratification voting will be completed no later
than Monday, December 9, 2002. Settlement details will not be released until the
ratification process has been completed.
For further information on IPSCO, please visit the company's web site at
xxx.xxxxx.xxx.
Company Contact:
Xxxxx Xxxxxxxx
IPSCO
Tel. (000) 000-0000
Xxxxxxx #00-00
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