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Expression of Interest
TORONTO - December 16, 2006
Automodular Corporation (“Automodular”) today received an unsolicited and non-binding conditional expression of interest from a major automotive parts supplier offering to combine its North American operations with those of Automodular. The conditional expression of interest is based on an exchange of Automodular shares for assets followed by a subsequent offer to acquire additional common shares of Automodular such that the offeror would hold 51% of the common shares of Automodular after the offer. The price of the proposed offer was not included in the expression of interest.
The Automodular board will review the materials it has received and will meet with representatives of the aforementioned corporation to hear more about its plans respecting Automodular. Automodular will provide further updates as warranted. | 
