IPSCO Inc.

Retired President and Chief Executive Officer IPSCO Inc. Regina, Saskatchewan

John Tulloch joined IPSCO Inc. in 1977 as a Market Research Supervisor. He has held positions with progressively increasing responsibility in IPSCO and was appointed to his current position in 2004. Prior to this appointment John was Senior Vice President and Chief Commercial Officer. Mr. Tulloch holds a Bachelor of Agricultural Science (Economics) degree from Lincoln College, University of Canterbury and a Master of Science degree from the University of Manitoba. Mr. Tulloch is a member of various organizations including the American Iron and Steel Institute (AISI), Director, Metal Service Center Institute and past Chairman, Interstate Natural Gas Association Foundation. Prior to joining IPSCO, Mr. Tulloch was Market Research Supervisor for New Zealand Steel Ltd.

Joseph Russo joined IPSCO Inc. in 1983 as Melt Shop Superintendent. In 1988 he was appointed Vice President, General Manager Flat Rolled Products. He also became a Company officer in 1988 and has held a variety of senior officer roles; being Senior Vice President and Chief Technical Officer since 2000. During his tenure as the Vice President and General Manager, U.S. Steel Mill Products, Mr. Russo managed all phases of start up of IPSCO's Montpelier, Iowa Steelworks as well as the establishment of IPSCO's steel mill in Mobile, Alabama. These responsibilities included organization structure, staffing, contract negotiation and launching sales and business plans. In his current role Mr. Russo is responsible for the management, direction and administration of IPSCO welded tubular facilities located across the U.S. and Canada as well as sales of tubular products in the U.S. Additionally, Mr. Russo is responsible for IPSCO's research and development programs, patent and technical intellectual property protection, tech services and quality assurance for all IPSCO steel and tubular facilities, the continuous improvement program including IPSCO's highly successful Six Sigma initiative, and IPSCO's safety and environmental programs. Mr. Russo holds a Bachelor of Science degree in Metallurgical Engineering from Grove City College and a Master of Business Administration from the University of Pittsburgh. Prior to joining IPSCO, Mr. Russo held steel manufacturing positions with New Jersey Steel and Crucible Alloy & Stainless.

Raymond Rarey joined IPSCO in January 2000 as Vice President and Chief Human Resources Officer after nearly 30 years of human resources and industrial relations management experience with several U.S. based manufacturing companies. Immediately prior to joining IPSCO Mr. Rarey was Vice President of Global Human Resources for Berg Electronics Group Inc., the world's third largest supplier of electronic connector, socket, and cable assembly products. Earlier in his career Mr. Rarey held increasingly responsible senior level human resources and industrial relations positions with Collins and Aikman Corp., Gulf + Western Industries, ITT Corp., and Firestone Tire & Rubber Co. A native of Akron, Ohio, Mr. Rarey earned his B.S. in Business Administration from Kent State University. He also holds a M.S. in Industrial and Labor Relations jointly conferred by Cornell University and Baruch College of the City University of New York.

Barry Hodson joined IPSCO in 1979 as a Metallurgist and has held numerous line and staff positions in the Company since that time. He became the General Manager of Canadian Tubular Sales in 1992. Mr. Hodson holds a Metallurgical Engineering Degree from the University of British Columbia. He has participated in several industry associations, including the role of Board Chair, Petroleum Services Association of Canada.

Daniel Miksta joined IPSCO in 2000. He holds a bachelor of arts degree from the University of Illinois Champaign/Urbana. Mr. Miksta also serves as a member of the Board of Directors of the University of Illinois' Commerce Alumni Association. Prior to his appointment with IPSCO, Mr. Miksta gained 29 years of sales experience with a major integrated steelmaker.

David Britten joined IPSCO in 1985. Mr Britten is a graduate of the Technical University of Nova Scotia holding a B.Eng in Mechanical Engineering (1983). Mr. Britten also holds a M.Sc. Degree from Queen's University at Kingston in Mechanical Engineering (1985).

Mr. Lederer joined IPSCO in March 2005 following an extensive career with Smurfit-Stone Container Corporation, a multi-billion dollar revenue publicly traded paper-based packaging company. Mr. Lederer served as Stone Container Corp.'s General Counsel prior to Stone's merger with Jefferson Smurfit Corp. to form Smurfit-Stone Container Corp. where Mr. Lederer became V.P. Strategic Investments. Most recently, he was Of Counsel to Winston & Strawn, a major Chicago-based law firm. Earlier in his career Mr. Lederer was Director of Tax and Internal Audit for Stone Container and was a Tax Attorney at Quaker Oats Company. Mr. Lederer received his Juris Doctorate from the University of Illinois College of Law and is a member of the Illinois Bar. He also holds a bachelors degree in accounting from the University of Illinois and is a Certified Public Accountant.

# Retiring as chief executive officer of Cameco Corporation at the end of this year. # Remaining as chair until March 31, 2003. # Joined Cameco as senior vice-president of operations in 1988; promoted to chief operating officer in January 1990; named president and appointed to the board in October 1990; appointed chief executive officer in October 1991; appointed chair in April 1993. # His engineering and management career spans 35 years in the mining and the nuclear industry in Europe and North America. Prior to joining Cameco, Bernard Michel was president of Amok Ltd., a Canadian subsidiary of Cogema, a French nuclear company. # Graduated in engineering from the Ecole Polytechnique in Paris, France in 1960. # Awarded the French Order of the Legion d'Honneur, with the rank of Chevalier. # Member, board of directors and executive committee, Canadian Nuclear Association. # Member, board of directors, Ipsco Inc. and Canadian Light Source Inc. (Canadian Synchrotron project).

John Zaozirny joined the Corporation's board of directors in 1988. Mr. Zaozirny is Counsel to McCarthy Tetrault and Vice Chairman of Canaccord Capital Corporation. He was Minister of Energy and Natural Resources for the Province of Alberta from 1982 to 1986. Mr. Zaozirny currently serves on the boards of numerous Canadian and international corporations. He is also a Governor of the Business Council of British Columbia. Mr. Zaozirny acts as Pengrowth's Lead Director.

Juanita H. Hinshaw has served as a director of the Company since 2005 when Synergetics, Inc. merged with Valley Forge. Ms. Hinshaw has been President and Chief Executive Officer of H&H Advisors (a financial advisory company) since 2005. In addition, Ms. Hinshaw served as Senior Vice President and Chief Financial Officer of Graybar Electric Company from May 2000 to May 2005. Graybar Electric Company specializes in supply chain management services and distributes high-quality components, equipment and materials for the electrical and telecommunications industries. Ms. Hinshaw has served as a director, chairman of the finance committee and as a member of the audit committee for The Williams Companies, Inc. since 2004 and has served as a director on the board, chairman of the compensation committee and as a member of the audit committee for Insituform Technologies, Inc. since 1999. The Williams Company and Insituform Technologies, Inc. have securities registered pursuant to Section 12 of the Exchange Act.

Mr. Roger E. Tetrault was appointed Vice Chairman and Chief Executive Officer of McDermott International, Inc. on March 1, 1997. He became Chairman on June 1, 1997 and retired in August 2000 after 24 years of service with McDermott. Tetrault left McDermott and its major subsidiary, Babcock and Wilcox, in 1991 to join General Dynamics as corporate vice president and president of its Electric Boat Division. At Babcock and Wilcox he had been the Vice President and Group Executive of the Government Group, where he was responsible for the diversified government business segment that included nuclear reactors, pressure vessels, steam generators and pressurizers for nuclear submarines and aircraft carriers. The Group also included ammunition and missile components, specialty pipe fabrication, Advanced Solid Rocket Motor bodies for the Space Shuttle, and other diverse weapon systems.