Notice of Hearing: In the Matter of Jonathan Carley

In the matter of

of the Securities Act

-and-

In the matter of

JONATHAN CARLEY

NOTICE OF HEARING

(Section 127 and 127.1)

TAKE NOTICE that the Ontario Securities Commission will hold a hearing under section 127 of the Securities Act, R.S.O. 1990, c.S.5, as amended, in the Main Hearing Room on the 17th Floor of the Ontario Securities Commission, 20 Queen Street West, Toronto on December 10, 2003 to consider whether to approve the proposed settlement agreement reached by Staff of the Commission and Jonathan Carley,

AND FURTHER TAKE NOTICE that any party to the proceeding may be represented by counsel if that party attends or submits evidence at the hearing,

AND FURTHER TAKE NOTICE that upon failure of any party to attend at the hearing, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.

Dated at Toronto this 14th day of November, 2003

"John Stevenson"
John Stevenson
Secretary to the Commission