Synsorb Biotech Inc.

A $550,000 settlement has been reached and is pending court approval in the class action lawsuit filed against Synsorb Biotech Inc. The suit was filed on behalf of investors who had purchased the company's common stock from April 4, 2001 to December 10, 2001. To to obtain a copy of the proposed settlement or to opt out, write: Claims Administrator, Synsorb Securities Litigation, c/o The Garden City Group, Inc. P.O. Box 9000 #6122, Merrick, NY 11566-9000 or phone 1-866-354-8005 before August 29, 2003 (Jul-08-03) [HOOVERS]