Fibrek Inc. and the 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 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, the Commission issued an order adjourning the hearing to April 3, 2012;

AND WHEREAS the Commission has been advised that the parties and proposed intervenors consent to the further adjournment of this matter;

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

IT IS ORDERED that this matter is adjourned to April 12, 2012 at 10:00 a.m.

DATED at Toronto this 2nd day of April, 2012.