EX-99.4 5 o68633exv99w4.htm EX-99.4
EXHIBIT 99.4
For fiscal years ended December 31, 2010 and December 31, 2009, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:

|  |  |  |  |  | % of |  |  |  |  |  |  | % of |
|  |  |  |  |  | Total |  |  |  |  |  |  | Total |
(Cdn$) |  | 2010 |  |  | Fees |  |  | 2009 |  |  | Fees |
Audit Fees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cameco |  | $ | 1,697,700 |  |  |  | 62.6 | % |  | $ | 1,739,900 |  |  |  | 48.7 | %
Centerra and other subsidiaries |  |  | 256,200 |  |  |  | 9.5 | % |  |  | 978,600 | 1 |  |  | 27.4 | %
Total Audit Fees |  | $ | 1,953,900 |  |  |  | 72.1 | % |  | $ | 2,718,500 |  |  |  | 76.1 | %
Audit-Related Fees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cameco |  | $ | 273,400 |  |  |  | 10.1 | % |  | $ | 219,800 |  |  |  | 6.1 | %
Centerra and other subsidiaries |  |  | — |  |  |  | — |  |  |  | 32,300 | 1 |  |  | 0.9 | %
Translation services |  |  | 44,500 |  |  |  | 1.6 | % |  |  | 424,000 |  |  |  | 11.9 | %
Pensions |  |  | 20,000 |  |  |  | 0.7 | % |  |  | 17,000 |  |  |  | 0.5 | %
Total Audit-Related Fees |  | $ | 337,900 |  |  |  | 12.5 | % |  | $ | 693,100 |  |  |  | 19.4 | %
Tax Fees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compliance |  | $ | 199,200 |  |  |  | 7.3 | % |  | $ | 40,000 |  |  |  | 1.1 | %
Planning and advice |  |  | 219,500 |  |  |  | 8.1 | % |  |  | 122,400 |  |  |  | 3.4 | %
Total Tax Fees |  | $ | 418,700 |  |  |  | 15.4 | % |  | $ | 162,400 |  |  |  | 4.5 | %
All Other Fees: |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Fees: |  | $ | 2,710,500 |  |  |  | 100.0 | % |  | $ | 3,574,000 |  |  |  | 100.0 | %

1 |  | The 2009 fees include amounts related to Centerra Gold Inc. (Centerra). We disposed of our entire interest in Centerra in December 2009.

Pre-Approval Policies and Procedures
As part of Cameco Corporation’s corporate governance practices, under its audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. The audit committee pre-approves the audit and non-audit services up to a maximum specified level of fees. If fees relating to audit and non-audit services are expected to exceed this level or if a type of audit or non-audit service is to be performed that previously has not been pre-approved, then separate pre-approval by Cameco Corporation’s audit committee or audit committee chair, or in the absence of the audit committee chair, the chair of the board, is required. 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. For each of the years ended December 31, 2010 and 2009, none of Cameco Corporation’s Audit-Related Fees, Tax Fees or All Other Fees made use of the de minimis exception to pre-approval provisions contained in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission.