On November 25, 2013, Peter R. Kellogg has sent a notice expressing his intention to put forward an ordinary resolution to fix the number of directors of MFC Industrial Ltd at 11 at the next meeting of shareholders of the Company scheduled for December 27, 2013, and to nominate the following individuals for election to the Company's board: Peter R. Kellogg, J. Andrew Betts, David L. Grange, Jeffrey A. Harris, William C. Horn, Logan W. Kruger, Patrice E. Merrin, and Trevor S. Schultz.