Fibrek Inc. and Toronto Stock Exchange -- s. 21.7

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

FIBREK INC.

AND

IN THE MATTER OF

A DECISION OF THE

TORONTO STOCK EXCHANGE

ORDER

(Section 21.7)

WHEREAS the Ontario Securities Commission (the "Commission") issued a Notice of Hearing on March 23, 2012 pursuant to section 21.7 of the Securities Act, R.S.O. 1990, c. S.5, as amended, to consider an Application made by Fairfax Financial Holdings Corporation ("Fairfax") for a review of decision of the Toronto Stock Exchange in respect of Fibrek Inc. made March 19, 2012;

AND WHEREAS on March 28, 2012 and April 2, 2012, the Commission issued orders adjourning the hearing;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

IT IS ORDERED

1. that the hearing is adjourned to May 3, 2012 at 11:00 a.m.;

2. that, should circumstances change such that any party requires a hearing before May 3, 2012, it may bring the matter back before the Commission on an earlier date on notice to all parties and proposed intervenors.

DATED at Toronto this 11th day of April, 2012.