Canadian Oil Sands Trust suspended its Premium Distribution, Distribution Reinvestment & Optional Unit Purchase Plan (DRIP) effective January 31, 2007. Notification to that effect was mailed to DRIP participants on December 20, 2006 (see Notification of Suspension).

The DRIP provided efficient and cost-effective equity to support the Trust's financing plan for Syncrude's Stage 3 expansion. With the successful completion of that expansion in 2006, the Trust no longer requires this source of funding. The Trust may reinstate the DRIP in the future if required to fund new investing activities.

The suspension of the DRIP does not affect regular distributions and Unitholders will continue to receive the regular distribution as declared.

Unitholders must consider the tax consequences of their past participation in the DRIP and the following links should assist Unitholders in this regard.

Tax Treatment
DRIP and Optional Cash Unit Prices

Unitholders may contact Computershare with questions regarding the DRIP at:

Computershare Trust Company of Canada
Telephone: 1-800-564-6253
E-mail: service@computershare.com