INDIANA HARBOR BELT RAILROAD COMPANY

CIRCULAR NOTICE NO. 32

TO: ALL CONCERNED MAY 1, 2008

PENALTY TIME CLAIMS

The process in place for penalty time claims calls for handling through the Fax Server #6723

(per Circular Notice No. 48 dated April 5, 2005).

Any penalty claims received through other than the noted method will be regarded as not received. Be governed accordingly.

D.D. Kelley

Transportation Superintendent

5-2005