Tembec Inc.

From: stephanie.panus@enron.com

To: bob.bowen@enron.com, laurel.adams@enron.com, andrea.guillen@enron.com,larry.hunter@enron.com, jarrod.cyprow@enron.com, gordon.heaney@enron.com, janie.aguayo@enron.com, derek.bailey@enron.com, diane.anderson@enron.com, kevin.meredith@enron.com, scott

Subject: Tembec Inc.

Cc:

Bcc:

Date: Mon, 11 Dec 2000 01:40:00 -0800 (PST)

We have received an executed Assignment Agreement dated November 20, 2000,
effective as of February 28, 1999, assigning all transactions and the Master
Agreement between ENA and Tembec Inc. from Tembec Inc. to Tembec Industries
Inc.

Copies will be distributed.

Stephanie Panus