Proceedings

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

AND

IN THE MATTER OF
MIKAEL PRYDZ

ORDER

WHEREAS on March 22, 2000, the Ontario Securities Commission issued a Notice of Hearing pursuant to section 127 of the Securities Act, R.S.O.1990, c. S.5, asamended (the "Act") in respect of Mikael Prydz ("Prydz");

AND WHEREAS a hearing of the allegations against Prydz was held on April 13,2000;

IT IS ORDERED THAT:

1. pursuant to clause 2 of subsection 127(1) of the Act Prydz is prohibited fromtrading in securities for a period of ten years from February 8, 2005;

2. pursuant to clause 7 of subsection 127(1) of the Act Prydz shall resign allpositions that he holds as a director or officer of an issuer as of the date of thisOrder;

3. pursuant to clause 8 of subsection 127(1) of the Act Prydz is prohibited frombecoming or acting as a director or officer of any issuer during the period fromthe date of this Order until February 8, 2015; and

4. pursuant to clause 6 of subsection 127(1) of the Act Prydz is reprimanded.

May 11th, 2000.

"J. A. Geller"
"J. F. Howard"
"Theresa McLeod"