This document is important and requires your immediate attention. It should be read in conjunction with the Offer
and Circular dated November 7, 2002 of MFC Bancorp Ltd. If you are in any doubt as to how to deal with it,
you should consult your investment dealer, broker, bank manager, lawyer or other professional advisor.
December 17, 2002
NOTICE OF EXTENSION
MFC BANCORP LTD.
OFFER TO PURCHASE
ALL OF THE OUTSTANDING COMMON SHARES OF
MED NET INTERNATIONAL LTD.
AT A PRICE OF
$1.15 PER COMMON SHARE
THE OFFER HAS BEEN EXTENDED AND IS NOW OPEN FOR ACCEPTANCE UNTIL 4:00 P.M.
(EST) ON JANUARY 17, 2003 UNLESS WITHDRAWN OR EXTENDED.
MFC Bancorp Ltd. ("MFC" or the "Offeror") hereby gives notice that it has amended its offer dated November
7, 2002 (the "Offer") by extending the expiry time of the Offer from 12:00 Midnight (Vancouver time) on
December 17, 2002 to 4:00 p.m. (EST) on January 17, 2003 (the "Expiry Time").
SHAREHOLDERS WHO WISH TO ACCEPT THE OFFER MUST PROPERLY COMPLETE AND
DULY EXECUTE THE LETTER OF TRANSMITTAL (PRINTED ON YELLOW PAPER) WHICH
ACCOMPANIED THE OFFER, OR A FACSIMILE THEREOF, AND DEPOSIT IT, TOGETHER WITH
CERTIFICATES REPRESENTING THEIR COMMON SHARES ("COMMON SHARES") OF MED NET
INTERNATIONAL LTD. ("MED NET"), AT THE OFFICE OF CIBC MELLON TRUST COMPANY
(THE "DEPOSITORY") SET OUT IN THE LETTER OF TRANSMITTAL IN ACCORDANCE WITH THE
INSTRUCTIONS IN THE LETTER OF TRANSMITTAL, SO AS TO ARRIVE THERE NO LATER
THAN THE EXPIRY TIME. ALTERNATIVELY, SHAREHOLDERS MAY FOLLOW THE PROCEDURE
FOR GUARANTEED DELIVERY SET FORTH UNDER SECTION 2 OF THE OFFER, "MANNER AND
TIME OF ACCEPTANCE - PROCEDURES FOR GUARANTEED DELIVERY", BY USING THE
NOTICE OF GUARANTEED DELIVERY (PRINTED ON GREEN PAPER) WHICH ACCOMPANIED
THE OFFER, OR A FACSIMILE THEREOF.
Shareholders whose Common Shares are registered in the name of an investment dealer, broker, bank, trust
company or other nominee should contact such nominee for assistance if they wish to accept the Offer.