Argus Corporation Limited Announces the Appointment of Two New Directors and Members of Its Audit Committee.

Business Editors

TORONTO--(BUSINESS WIRE)--April 20, 2004

Argus Corporation Argus Corporation, based in Toronto, Ontario, is an investment and holding company founded in 1945 by its President E. P. Taylor with minority partners Colonel W. Eric Phillips and Wallace McCutcheon and other investors. Limited ("Argus") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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TSX True Space Extension : AR.PR.A) (TSX:AR.PR.D) (TSX:AR.PR.B) today announced that Paul A. Carroll, Q.C. and William A. Dimma, C.M. have been appointed directors of Argus.

Mr. Carroll, Mr. Dimma and Peter G. White have been appointed as members of the Audit Committee of Argus.

Mr. Carroll is the President and Chief Executive Officer of Carnarvon Capital Corporation, a Toronto-based investment management and venture capital company. Prior to January 31, 2003, he was Counsel to Gowling Lafleur Henderson LLP LLP - Lower Layer Protocol , a major Canadian law firm, and its predecessor firm Smith Lyons.

Mr. Dimma is the Chairman of Home Capital Group Inc., Malibu Engineering and Software Ltd. and the Royal LePage Royal LePage is a Canadian real estate franchiser and owner-operator with more than 600 locations and over 12,000 Realtors in Canada.^[1] Founded in 1913 by Albert E. LePage, Royal LePage is now owned by the Royal LePage Franchise Services Fund (TSX: RSF.un). Commercial Advisory Board. He is the lead director of Brascan Financial Corporation and a director of a number of Canadian companies This is a list of companies from Canada.

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To make this page easier to read and edit, Defunct Canadian Companies has been placed on a separate page.

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Current Companies and organizations including Home Trust Company, Magellan Aerospace Corporation, Minacs Worldwide Inc. and The Institute of Corporate Directors. He has formerly served at varying times as the Deputy Chairman and President and Chief Executive Officer of Royal LePage Ltd. and President of TorStar Corporation and Toronto Star Newspapers Limited.

Mr. Bernard Kraft has determined to not become a director of Argus since it was announced on April 16, 2004 that he would become a director.

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Publication:	Business Wire
Date:	Apr 20, 2004
Words:	223
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