<PAGE>
NOTICE OF GUARANTEED DELIVERY
FOR
TENDER OF SHARES OF COMMON STOCK
OF
WYANT CORPORATION
(NOT TO BE USED FOR SIGNATURE GUARANTEES)
As set forth in Section 2 of the Offer to Purchase (as defined below), this
form or one substantially equivalent hereto must be used to accept the Offer (as
defined below) if certificates representing shares of Common Stock, par value
$0.01 per share (the "Shares"), of Wyant Corporation, a New York corporation
(the "Company"), are not immediately available or if the procedures for
book-entry transfer cannot be completed on a timely basis or time will not
permit all required documents to reach the Depositary prior to the Expiration
Date (as defined in the Offer to Purchase). This form may be delivered by hand
to the Depositary or transmitted by telegram, facsimile transmission or mail to
the Depositary and must include a guarantee by an Eligible Institution (as
defined in the Offer to Purchase). See Section 2 of the Offer to Purchase.
THE DEPOSITARY:
HARRIS TRUST COMPANY OF NEW YORK
<TABLE>
<S> <C>
BY HAND OR OVERNIGHT COURIER: BY MAIL:
Harris Trust Company of New York Harris Trust Company of New York
Wall Street Plaza Wall Street Station
88 Pine Street--19th Floor P.O. Box 1023
New York, NY 10005 New York, NY 10268-1023
</TABLE>
FOR INFORMATION (AND TO CONFIRM RECEIPT OF FACSIMILE TRANSMISSION):
(212) 701-7624
BY FACSIMILE TRANSMISSION (CONFIRM BY TELEPHONE):
(212) 701-7636
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS, OR TRANSMISSION OF INSTRUCTIONS
VIA A FACSIMILE NUMBER, OTHER THAN AS SET FORTH ABOVE, DOES NOT CONSTITUTE A
VALID DELIVERY.
THIS FORM IS NOT TO BE USED TO GUARANTEE SIGNATURES. IF A SIGNATURE ON A
LETTER OF TRANSMITTAL IS REQUIRED TO BE GUARANTEED BY AN ELIGIBLE INSTITUTION
UNDER THE INSTRUCTIONS THERETO, SUCH SIGNATURE GUARANTEE MUST APPEAR IN THE
APPLICABLE SPACE PROVIDED IN THE SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.
THE GUARANTEE ON THE REVERSE SIDE MUST BE COMPLETED.
<PAGE>
Ladies and Gentlemen:
The undersigned hereby tenders to Perkins Acquisition Corp., a New York
corporation (the "Purchaser") and a wholly owned subsidiary of Perkins
Papers Ltd., a Canada corporation, upon the terms and subject to the conditions
set forth in the Purchaser's Offer to Purchase dated September 8, 2000 (the
"Offer to Purchase") and in the related Letter of Transmittal (which, together
with any amendments or supplements thereto, collectively constitute the
"Offer"), receipt of which is hereby acknowledged, the number of Shares set
forth below, all pursuant to the guaranteed delivery procedures set forth in
Section 2 of the Offer to Purchase.
--------------------------------------------------------------------------------
Name(s) of Record Holder(s): ___________________________________________________
Please Print
Address(es): ___________________________________________________________________
________________________________________________________________________________
Zip Code
Daytime Area Code and Tel. No.: ________________________________________________
Signature(s): __________________________________________________________________
Number of Shares: ______________________________________________________________
Certificate Nos. (if available): _______________________________________________
(Check box if Shares will be tendered by book-entry transfer)
/ / The Depository Trust Company
Account Number: ________________________________________________________________
Transaction Code No.: __________________________________________________________
Dated: _________________________________________________________________________
--------------------------------------------------------------------------------
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<PAGE>
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a firm that is a participant in the Security Transfer
Agents Medallion Program, the New York Stock Exchange Medallion Signature
Guarantee Program or the Stock Exchange Medallion Program, hereby guarantees to
deliver to the Depositary either the certificates representing the Shares
tendered hereby, in proper form for transfer, or a Book-Entry Confirmation (as
defined in the Offer to Purchase) with respect to such Shares, in any such case
together with a properly completed and duly executed Letter of Transmittal (or a
facsimile thereof), with any required signature guarantees, or an Agent's
Message (as defined in the Offer to Purchase), and any other required documents,
within three trading days (as defined in the Letter of Transmittal) after the
date hereof.
The Eligible Institution that completes this form must communicate the
guarantee to the Depositary and must deliver the Letter of Transmittal and
certificates for Shares to the Depositary within the time period shown herein.
Failure to do so could result in a financial loss to such Eligible Institution.
--------------------------------------------------------------------------------
Name of Firm: __________________________________________________________________
Address: _______________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
Zip Code
Area Code and Tel. No: _________________________________________________________
Authorized Signature: __________________________________________________________
Name: __________________________________________________________________________
Please Type or Print
Title: _________________________________________________________________________
Dated: _________________________________________________________________________
--------------------------------------------------------------------------------
NOTE: DO NOT SEND CERTIFICATES FOR SHARES WITH THIS NOTICE. CERTIFICATES FOR
SHARES SHOULD BE SENT WITH YOUR LETTER OF TRANSMITTAL.
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