Proceedings

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IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

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IN THE MATTER OF INCO LIMITED

NOTICE OF HEARING
(Section 127)

WHEREAS Teck Cominco Limited (“Teck Cominco”) (the “Applicant”) has requested that the Commission convene a hearing to consider matters in connection with the offer by Teck Cominco to acquire the outstanding common shares of Inco Limited;

TAKE NOTICE that the Commission will hold a hearing pursuant to section 127 of the Act at the Commission’s offices at 20 Queen Street West, 17th Floor Hearing Room, Toronto, Ontario commencing on Friday, July 21, 2006 at 9:00 a.m., or as soon as possible after that time, to consider whether the Commission should make an order under section 127 of the Act as the Commission deems appropriate;

AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel if he or she attends or submits evidence at the hearing; and

AND TAKE FURTHER NOTICE upon failure of any party to attend at the time and place set for the hearing, the hearing may proceed in the absence of that party and the party is not entitled to any further notice of the proceeding.

BY REASON OF the application dated July 13, 2006 filed by the Applicant with the Office of the Secretary of the Ontario Securities Commission.


DATED at Toronto, this 14th day of July, 2006.

“John Stevenson”
Secretary to the Commission