To: All National Federations Affiliated to ITU

From: Loreen Barnett, Executive Director

Re: WTC – ITU Settlement

Date: 5 May 2006

Dear Friends:

As you are aware, the International Triathlon Union ("ITU") is the international

federation for the sport of triathlon as recognized by the International Olympic

Committee.

Last year, we had communications with your office regarding an ITU Resolution

enjoigning member federations not to sanction Ironman triathlon events.

Please be advised that, by mutual agreement, ITU and the World Triathlon

Corporation (associated with the Ironman trademark) have requested that the Court

of Arbitration for Sport ("CAS") recognize the rescission of this Resolution. Therefore

the resolution has been revoked and rendered null and void.

As a result, please note that future sanction applications submitted on behalf of an

Ironman triathlon event to your National Federation shall be processed in

accordance with your internal sanction criteria, consistent with the consideration of

any race sanction application by you NF.

Please feel free to contact me if there are any questions in this regard.

Yours sincerely,

Loreen Barnett, Executive Director

International Triathlon Union (ITU)