FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
CFM Corporation
460 Admiral Boulevard
Mississauga, Ontario
L5T 3A3
Item 2 Date of Material Change
October 19, 2004
Item 3 News Release
A news release in respect of a material change was issued in Mississauga, Ontario over CCNMatthews news wire service on October 19, 2004. A copy of the news release is attached.
Item 4 Summary of Material Change
On October 19, 2004, CFM Corporation announced that it has completed the sale and lease back of two properties in Mississauga, Ontario.
Item 5 Full Description of Material Change
On October 19, 2004, CFM Corporation (“CFM”) announced that it has completed the sale and lease back of two properties in Mississauga, Ontario for aggregate proceeds of approximately Cdn.$26.8 million (U.S.$21.4 million).
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
No reliance.
Item 7 Omitted Information
None.
Item 8 Executive Officer
Sonya Stark
Director, Corporate Affairs, Investor Relations
and Corporate Secretary
Tel: (905) 670-7777
Item 9 Date of Report
October 21, 2004
460 Admiral Boulevard
Mississauga, Ontario, L5T 3A3
Tel: (905) 670-7777
Fax: (905) 670-7915
E-mail: cfm@cfmcorp.com
Website: www.cfmcorp.com
| PRESS RELEASE | SYMBOL: CFM-TSX |
CFM CORPORATION
ANNOUNCES SALE AND LEASE BACK OF REAL PROPERTIES
MISSISSAUGA, ONTARIO – October 19, 2004 – CFM Corporation (“CFM”) announced today that it has completed the sale and lease back of two properties in Mississauga, Ontario for aggregate proceeds of approximately Cdn.$26.8 million (U.S.$21.4 million).
CFM intends to use the proceeds to reduce its outstanding bank debt and for general corporate operating purposes.
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CFM is a leading integrated manufacturer of home products and related accessories in North America and the United Kingdom. CFM designs, develops, manufactures and distributes a line of hearth and space heating products, barbecue and outdoor products and water and air purification products. CFM maintains an ongoing program of research and development aimed at continually improving the quality, design, features and efficiency of its products.
FOR FURTHER INFORMATION CONTACT:
| COLIN M. ADAMSON | DAVID WOOD |
| Chairman and Chief Executive Officer | Vice President and Chief Financial Officer |
| (905) 670-7777 | (905) 670-7777 |