Williams Industries Inc.

Chairman’s Report to the Shareholders

For the year ended December 31 st 2008

Structural Systems Ltd (SSL)

Structural Systems Ltd. (SSL) enjoyed another prosperous year both financially and operationally in 2008. Management continued its focus on improving people and systems through the company’s Human Resource Management (HRM), Safety & Health Policy (SHP) and Enterprise Resource Planning (ERP) projects. These projects are intended to help the company realize its vision - “To provide the highest quality metal products and services to anyone anywhere.”

SSL continued to enjoy the strong demand from the construction sector for its products thanks in part to the continued development of new projects by Williams Industries. The Waste Transfer Station for SBRC at Vaucluse was the major project in this category. Overall sales increased by 10% but profit remained the same as in 2007. High raw material prices triggered by the steep rise in oil prices forced SSL to reduce margins in order to remain competitive. 21 % of the company’s production was exported.

SSL was successful in obtaining a grant of 40% funding from BIDC for its Enterprise Resource Planning (ERP) system (new Epicore software) and commenced its implementation in Q3 of 2008. The “Go Live” date is scheduled for May 1 st. 2009. The primary objective of the ERP system is to deliver real time information to improve decision making and profitability.

SSL 2009 forecast:

SSL’s management team forecasted to increase sales in 2009 by 10% based on known projects in the pipeline but with the economic slowdown that the construction sector is experiencing, this target might be a stretch. The SSL team remains optimistic.