CE Franklin Adopts Shareholder's Rights Plan

CE Franklin

: Further to the announcement of a Strategic Review Process, on April 17, 2012 CE Franklin Ltd. adopted a Shareholder's Rights Plan to ensure that, in the context of a bid for control of CE Franklin, the Board of Directors would have sufficient time to consider the bid and conduct the Strategic Review Process. Additionally, the Shareholder's Rights Plan gives shareholders an equal opportunity to participate in such a bid; and gives them adequate time to properly assess the bid. The Shareholder's Rights Plan is not intended to and will not prevent a take-over of CE Franklin.