exv99w4

EXHIBIT 99.4

For fiscal years ended December 31, 2007 and December 31, 2006, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:


			% of					% of
			Total					Total
	2007		Fees			2006		Fees
Audit Fees:
Cameco and Canadian joint ventures	$	890,000		44.9	%	$	834,000		39.8	%
Centerra and other subsidiaries		661,400		33.4	%		895,200		42.7	%

Total Audit Fees	$	1,551,400		78.3	%	$	1,729,200		82.5	%
Audit-Related Fees:
Sarbanes-Oxley 404 scoping project	$	41,500		2.1	%	$	90,000		4.3	%
Cameco consultative		31,500		1.5	%		—		—
Centerra consultative		153,900		7.8	%		—		—
Pensions		13,000		0.7	%		8,500		0.4	%
Zircatec — specified procedures		—		—			50,000		2.4	%

Total Audit-Related Fees	$	239,900		12.1	%	$	148,500		7.1	%
Tax Fees:
Compliance	$	130,400		6.6	%	$	167,500		8.0	%
Planning and advice		58,800		3.0	%		51,700		2.4	%

Total Tax Fees	$	189,200		9.6	%	$	219,200		10.4	%
All Other Fees:		—		—			—		—

Total Fees	$	1,980,500		100	%	$	2,096,900		100	%

Pre-Approval Policies and Procedures

As part of Cameco’s corporate governance practices, under Cameco’s audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. Unless a type of service which is to be provided by the external auditors receives general pre-approval, it requires specific pre-approval by Cameco’s audit committee or audit committee chair, or in the absence of the audit committee chair, a member of the audit committee as designated by the audit committee. All pre-approvals granted pursuant to the delegated authority must be presented by the member(s) who granted the pre-approvals to the full audit committee at its next meeting. The audit committee has adopted a written policy to provide procedures to implement the foregoing principles.