[EQUITY TRANSFER SERVICES INC.] OCTOBER 25, 2002 Dear Sir or Madam: RE: ENERGY POWER SYSTEMS LIMITED We are pleased to confirm that a Notice of Record and Meeting Dates was sent to The Canadian Depository for Securities to advise of the following for the above noted Company: CUSIP - 29270V 10 3 Type of Meeting - ANNUAL AND SPECIAL Record Date - NOVEMBER 21, 2002 Mailing Date - NOVEMBER 28, 2002 Meeting Date - DECEMBER 30, 2002 Yours Truly, EQUITY TRANSFER SERVICES INC. "Luisa Roberto" Per: Luisa Roberto Senior Officer, Client Services SUITE 420 120 Adelaide Street West TORONTO, ONTARIO M5H 4C3 TELEPHONE (416) 361-0152 FAX: (416) 361-0470 EMAIL: info@equitytransfer.com