Georgian Bancorp Inc.

Headnote

Cease-trade order revoked where the issuer has remedied its default in respect ofdisclosure requirements under the Act.

Statutes Cited

Securities Act, R.S.O. 1990, c. S.5, as am., ss. 127(1)2, 127(5), 127(8), 144.

WHEREAS the securities of

GEORGIAN BANCORP INC. (the "Reporting Issuer")

currently are subject to a Temporary Order (the "Temporary Order") made by a Directoron behalf of the Ontario Securities Commission (the "Commission"), pursuant to paragraph2 of subsection 127(1) and subsection 127(5) of the Act, on the 1st day of December,1999, as extended by a further order (the "Extension Order") of a Director, made on the14th day of December, 1999, on behalf of the Commission pursuant to subsection 127(8)of the Act, that trading in the securities of the Reporting Issuer cease until the TemporaryOrder, as extended by the Extension Order, is revoked by a further Order of Revocation;

AND WHEREAS the Temporary Order and Extension Order were each made on thebasis that the Reporting Issuer was in default of certain filing requirements;

AND WHEREAS the undersigned Manager is satisfied that the Reporting Issuer hasremedied its default in respect of the filing requirements and is of the opinion that it wouldnot be prejudicial to the public interest to revoke the Temporary Order as extended by theExtension Order;

NOW THEREFORE, IT IS ORDERED, pursuant to section 144 of the Act, that theTemporary Order and Extension Order be and they are hereby revoked.

March 1^st, 2000.

"Heidi Franken"