<DOCUMENT>
<TYPE>EX-99.12
<SEQUENCE>15
<FILENAME>t17577exv99w12.txt
<DESCRIPTION>EX-99.12
<TEXT>
<PAGE>

March 19, 2004

Dear Fellow Shareholders:

It gives me great pleasure to share with you the Stantec Inc. 2003 Annual Report
celebrating 50 years of operation for our Company. In 2003 we focused on
continuing to evolve our dynamic organization, not by changing our business
model or operating strategy, but by strengthening our systems and processes to
support our future. Our ability to adjust to changes in a challenging economic
climate contributed to an increase of 32.7 % in shareholder value during the
year.

I would also like to take this opportunity on behalf of the Board of Directors
to invite you to attend the annual meeting of shareholders of Stantec Inc.,
which will be held at 11:00 AM (MDT) on Thursday, May 6, 2004, at Stantec Centre
in Edmonton, 10160 - 112 Street, Edmonton, Alberta. Alternatively, you may
choose to attend the meeting through the Internet. The presentation will be
broadcast live and archived at stantec.com (under the Investor Relations
section). During the meeting, we will review the Company's 2003 operating and
financial performance and outline our strategy going forward.

Enclosed in this package you will find the Notice of Meeting, as well as a form
of proxy and the Management Information Circular. We would appreciate your
prompt return of the signed proxy in order to ensure that your vote is recorded
in due time.

Thank you for your continuing support.

Sincerely,

(signed)Tony Franceschini
</TEXT>
</DOCUMENT>
