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INFORMATION <br /> • SolarAttic, Inc•® 24 Hours/day (612)441-3440 Fax(612)441-7174 <br /> 15548 95th Circle NE,Elk River,MN 55330 http://www.solarattic.com SolarAttic @ compuserve.com <br /> City of Elk River EDA January 5, 1999 <br /> 13065 Orono Parkway <br /> Elk River MN 55330 <br /> Dear Paul Steinman: <br /> Company Update <br /> I hope the holiday season was a joyous one for you, your family and friends! We have <br /> been swamped at SolarAttic and it has been difficult just trying to keep up. However, this <br /> letter will bring you up-to-date on some key events. Please note that our stockholders' <br /> annual meeting will be held on February 11. A more detailed update will be presented at <br /> that time. Mark your calendars and plan on attending our annual meeting. A formal <br /> meeting notice and proxy will follow shortly. <br /> SolarAttic is now selling stock at $5.00 per share to investors in our public stock offering. <br /> However, the final outcome and extent of this capitalization effort is still uncertain and may <br /> not be known until late March when the offering expires in New Jersey. <br /> SolarAttic has listed its stock for sale on the Direct Stock Market. Enclosed you will find a <br /> copy of our press release and three pages from the Direct Stock Market Internet site. The <br /> first page shows that SolarAttic is listed on the left side with a "link." Anyone who clicks <br /> on this link will be taken to our offering information. In addition, if we were listed on the <br /> trading floor, investors could proceed to the NIPHIX trading site to buy or sell our stock. <br /> Traditional investment banking firms have almost totally abandoned small companies like <br /> SolarAttic. It is forcing all small companies to do their own offerings. We are not alone! <br /> The Direct Stock Market has been established to help promote small company offerings. <br /> They have teamed up with NIPHIX, an Investment Banking and Brokerage operation. <br /> NIPHIX's end is to facilitate trading of the stocks they have listed at their site. This is a <br /> secondary market trading mechanism. It is the direction that SolarAttic will take to get <br /> trading of the company's stock initiated sometime later this year. <br /> Following the Direct Stock Market/NIPHIX info, you will find a recent review of our <br /> • <br /> Internet site by Minnesota On-line. <br /> SOLAR Without PANELS <br />