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CALGARY, ALBERTA, CANADA
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Friday, September 24, 2004

Lord Black's Bora Bora vacation - the Eye Opener erred !!!

On Saturday the Calgary Herald reported that Conrad Black, Lord Black of Cross Harbour etc., etc., had spent US$530,000 of investors' money on a 10-day vacation to the South Pacific island of Bora Bora. Our story of September 6, Lord Black of Cross Harbour - From Plutocrat to Aristocrat to Kleptocrat, reported that the pompous duke had spent only $250,000 on the July 2001 vacation. We therefore checked the Report of Investigation by the Special Committee of the Board of Directors of Hollinger International Inc., the impudent bunch of scallywags who had had the temerity to question his Lordships expenditures. We have discovered that Black spent $530,000 for airfare alone. Investors paid that. What about expenses on the ground? We do not know. We suspect that Black and his wife Barbara did not stay at a Super 8 Motel. We suspect that Black may not have been able to resist one or two gourmet meals in Bora Bora - it's a French colony. And we do not know whether or not Black paid for his room and board out of his own pocket. We suspect not.

In any event, My Lord, please accept our apologies for getting the story wrong.

And what are the poor folks doing?



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