-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HzFqgLaIYVHLuNAcWTLg/FT9l3WIgrsO3MnalwCXXkd/e6oCtIVNQ0fb3MWs/ENZ
 SQHDQKJ8Z0cTsghWeMsv6Q==

<SEC-DOCUMENT>0000950123-11-014708.txt : 20110216
<SEC-HEADER>0000950123-11-014708.hdr.sgml : 20110216
<ACCEPTANCE-DATETIME>20110216161845
ACCESSION NUMBER:		0000950123-11-014708
CONFORMED SUBMISSION TYPE:	40-F
PUBLIC DOCUMENT COUNT:		56
CONFORMED PERIOD OF REPORT:	20101231
FILED AS OF DATE:		20110216
DATE AS OF CHANGE:		20110216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAMECO CORP
		CENTRAL INDEX KEY:			0001009001
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				980113090
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14228
		FILM NUMBER:		11617827

	BUSINESS ADDRESS:	
		STREET 1:		2121 11TH ST W
		CITY:			SASKATOON
		STATE:			A9
		ZIP:			S7M 1J3
		BUSINESS PHONE:		3069566200

	MAIL ADDRESS:	
		STREET 1:		2121 11TH ST W.
		CITY:			SASKATOON
		STATE:			A9
		ZIP:			S7M 1J3
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-F
<SEQUENCE>1
<FILENAME>o68633e40vf.htm
<DESCRIPTION>40-F
<TEXT>
<HTML>
<HEAD>
<TITLE>e40vf</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B><U>FORM 40-F</U></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>ANNUAL REPORT PURSUANT TO SECTION 13(a) or 15(d) OF THE SECURITIES EXCHANGE ACT<BR>
OF 1934</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><!-- xbrl,dc --><B>For the fiscal year ended December&nbsp;31, 2010</B><!-- /xbrl,dc -->
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Commission file number: 1-14228</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CAMECO CORPORATION</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CANADA</B><BR>
(Province or other jurisdiction of incorporation or organization)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>1090</B><BR>
(Primary Standard Industrial Classification Code Number)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>98-0113090</B><BR>
(I.R.S. Employer Identification)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>2121
&#150; 11th Street West, Saskatoon, Saskatchewan, Canada, S7M 1J3, Telephone: (306)&nbsp;956-6200</B><BR>
(Address and telephone number of Registrant&#146;s principal executive offices)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>James Dobchuk, Cameco Inc., One Southwest Crossing, Suite&nbsp;210, 11095 Viking Drive<BR>
Eden Prairie, Minnesota, USA, 55344, Telephone: (952)&nbsp;941-2470</B><BR>
(Name, address, (including zip code) and telephone number (including area code) of agent for service in the United States)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Securities registered pursuant to Section&nbsp;12(b) of the Act:</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Title of Class: <B>Common Shares, no par value</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Name of Exchange where Securities are listed: <B>New York Stock Exchange</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Securities registered or to be registered pursuant to Section&nbsp;12(g) of the Act: <B>None</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Securities for which there is a reporting obligation pursuant to Section&nbsp;15(d) of the Act: <B>None</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Information filed with this Form:</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#254;</FONT> Annual Information Form
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#254;</FONT> Audited annual financial statements</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Number of outstanding shares of each of the issuer&#146;s classes of<BR>
capital or common stock as of the close of the period covered by the annual report:</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>394,351,043 Common Shares outstanding as of December&nbsp;31, 2010</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the Registrant by filing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;).
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> Yes
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#254;</FONT> No</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the Registrant (1)&nbsp;has filed all reports required to be filed by
Section&nbsp;13 or 15(d) of the Exchange Act during the preceding 12&nbsp;months (or for such shorter period
that the Registrant was required to file such reports), and (2)&nbsp;has been subject to such filing
requirements for the past 90&nbsp;days.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#254;</FONT> Yes
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> No</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant has submitted electronically and posted on its
corporate Web site, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule&nbsp;405 of Regulation&nbsp;S-T (&#167;232.405 of this chapter) during the preceding 12&nbsp;months
(or for such shorter period that the Registrant was required to submit and post such files).
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> Yes
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> No</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Certain statements in this Form 40-F constitute &#147;forward-looking statements&#148; within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. In Exhibit&nbsp;99.1 see &#147;Caution Regarding
Forward-Looking Information and Statements&#148;.
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Certifications and Disclosure Regarding Controls and Procedures</I></B>.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Certifications regarding controls and procedures</B></U><I>. </I>See Exhibits 99.9 and
99.10.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Evaluation of disclosure controls and procedures</B></U>. As of the end of the
period covered by this report, an evaluation of the effectiveness of Cameco
Corporation&#146;s &#147;disclosure controls and procedures&#148; (as such term is defined in Rules
13a-15(e) and 15d-15(e) of the United States Securities Exchange Act of 1934, as amended
(the &#147;Exchange Act&#148;)), was carried out by Cameco Corporation&#146;s Chief Executive Officer
(&#147;CEO&#148;) and Chief Financial Officer (&#147;CFO&#148;). Based on that evaluation, the CEO and CFO
have concluded that as of such date Cameco Corporation&#146;s disclosure controls and
procedures are effective to provide a reasonable level of assurance that information
required to be disclosed by Cameco Corporation in reports that it files or submits under
the Exchange Act is recorded, processed, summarized and reported within the time periods
specified in United States Securities and Exchange Commission (the &#147;Commission&#148;) rules
and forms.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It should be noted that while the CEO and CFO believe that Cameco Corporation&#146;s
disclosure controls and procedures provide a reasonable level of assurance that they are
effective, they do not expect the disclosure controls and procedures or internal control
over financial reporting to be capable of preventing all errors and fraud. A control
system, no matter how well conceived or operated, can provide only reasonable, not
absolute, assurance that the objectives of the control system are met.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Management&#146;s annual report on internal control over financial reporting</B></U><I>.</I>
Management, including Cameco Corporation&#146;s CEO and CFO, is responsible for establishing
and maintaining adequate internal control over financial reporting (as that term is
defined in Rules&nbsp;13a-15(f) and 15d-15(f) of the Exchange Act) for Cameco Corporation.
Management conducted an evaluation of the effectiveness of internal control over
financial reporting based on the Internal Control &#151; Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission. Based on this
evaluation, management concluded that Cameco Corporation&#146;s internal control over
financial reporting was effective as of December&nbsp;31, 2010.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Attestation report of the registered public accounting firm</B></U><I>. </I>The
effectiveness of Cameco Corporation&#146;s internal control over financial reporting as of
December&nbsp;31, 2010 was audited by KPMG LLP, an independent registered public accounting
firm, as stated in their report in Exhibit&nbsp;99.6 &#151; Report of Independent Registered
Public Accounting Firm.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Changes in internal control over financial reporting</B></U>. During
the fiscal year ended December&nbsp;31, 2010, there were no changes in Cameco Corporation&#146;s
internal control over financial reporting that have materially affected, or are
reasonably likely to materially affect, Cameco Corporation&#146;s internal control over
financial reporting.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Audit Committee Financial Expert</I></B>. Cameco Corporation&#146;s board of directors has determined that an
audit committee financial expert serves on its audit committee. The audit committee financial
expert is John H. Clappison. Mr.&nbsp;Clappison is an &#147;independent&#148; director as such term is used in
the rules of the New York Stock Exchange (the &#147;NYSE&#148;). Information concerning the relevant
experience of Mr.&nbsp;Clappison is included in his biographical information contained in Cameco
Corporation&#146;s Annual Information Form in Exhibit&nbsp;99.1. The Commission has indicated that the
designation of a person as an audit committee financial expert does not make such person an
&#147;expert&#148; for any purpose, impose any
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">duties, obligations or liability on such person that are greater than those imposed on members of
the audit committee and board of directors who do not carry this designation, or affect the duties,
obligations or liability of any other member of the audit committee or board of directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Code of Ethics</I></B>. Cameco Corporation&#146;s code of conduct and ethics (the &#147;Code&#148;) is applicable to all
directors, officers and employees of Cameco Corporation, including the CEO and CFO. The Code, as
well as Cameco Corporation&#146;s corporate governance practices and mandates of the board of directors
and its committees, and position descriptions for the chief executive officer and the non-executive
chair, can be found on Cameco Corporation&#146;s website at www.cameco.com under &#147;Responsibility -
Governance&#148; and are also available in print to any shareholder upon request. During the most
recently completed fiscal year, the Code was amended to add specific additional provisions
addressing: (i)&nbsp;compliance with governmental lobbying regulations; (ii)&nbsp;compliance with regulatory
restrictions on importing and exporting uranium; (iii)&nbsp;conflicts of interest between employed
family members; (iv)&nbsp;conflicts of interest concerning Cameco Corporation&#146;s pension plan; and (v)
the identification and prevention of fraud. The Code&#146;s confidentiality provisions were also amended
to address principles contained in the <I>Personal Information and Protection of Electronic Documents
Act </I>(Canada). The Amendments also expand the group of employees required to certify their
compliance annually. See Exhibit&nbsp;99.21 for the full text of the Code, as amended. Since the
adoption of the Code, there have not been any waivers, including implied waivers, from any
provision of the Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Principal Accountant Fees and Services</I></B>. See Exhibit&nbsp;99.4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Off-Balance Sheet Arrangements</I></B><I>. </I>In the normal course of operations, Cameco Corporation
enters into certain transactions that are not required to be recorded on its balance sheet. These
activities include the issuing of financial assurances and long-term product purchase contracts.
These arrangements are disclosed in the following sections of Exhibit&nbsp;99.3 &#151; 2010 Management&#146;s
Discussion and Analysis and the notes for Exhibit&nbsp;No 99.2 &#151; 2010 Consolidated Audited Financial
Statements:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Financial assurances</B></U>. In the 2010 Management&#146;s Discussion and Analysis,
see the disclosure at &#147;Off-balance sheet arrangements&#148; (pages 40-41). In the 2010
Consolidated Audited Financial Statements, see the disclosure at notes 11 and 25 of the
financial statements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Long-term product purchase contracts</B></U>. In the 2010 Management&#146;s
Discussion and Analysis, see the disclosure at &#147;Off-balance sheet arrangements&#148; (pages
40-41). In the 2010 Consolidated Audited Financial Statements, see the disclosure at
note 25 of the financial statements.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Tabular Disclosure of Contractual Obligations</I></B>. See Exhibit&nbsp;99.5.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Identification of the Audit Committee</I></B><I>. </I>Cameco Corporation has a separately-designated standing
audit committee established in accordance with Section&nbsp;3(a)(58)(A) of the Exchange Act. Cameco
Corporation&#146;s audit committee is comprised of: John H. Clappison (chair), Nancy E. Hopkins, Oyvind
Hushovd, J.W. George Ivany and A. Neil McMillan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Audited Annual Financial Statements</I></B>. Cameco Corporation&#146;s Consolidated Audited Financial
Statements as at December&nbsp;31, 2010 and 2009, including the related report of the independent
registered public accounting firm, is included in Exhibit&nbsp;99.7 &#151; Report of Independent Registered
Public Accounting Firm &#151; Public Company Accounting Oversight Board (United Standards). See
Exhibit&nbsp;99.7 &#151; Reconciliation to United States GAAP for a reconciliation of the differences
between Canadian and U.S. generally accepted accounting principles.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Disclosure Pursuant to the Requirements of the New York Stock Exchange</I></B>.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Corporate governance practices</B></U>. Disclosure of the significant ways in
which Cameco Corporation&#146;s corporate governance practices differ from those required for
U.S. companies under the NYSE listing standards can be found on Cameco Corporation&#146;s
website at www.cameco.com under &#147;Responsibility &#151; Governance&#148;.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Presiding director at meetings of non-management directors</B></U>. Cameco
Corporation schedules regular director sessions in which Cameco Corporation&#146;s
&#147;non-management directors&#148; (as that term is defined in the rules of the NYSE) meet
without management participation. Mr.&nbsp;Victor J. Zaleschuk, as non-executive chair of
Cameco Corporation, serves as the presiding director (the &#147;Presiding Director&#148;) at such
sessions. Each of Cameco Corporation&#146;s non-management directors is &#147;independent&#148; as
such term is used in the rules of the NYSE with the exception of Donald H. F. Deranger.
Cameco Corporation&#146;s criteria for director independence are set out as Appendix &#147;A&#148; to
its board mandate, which can be found on Cameco Corporation&#146;s website at www.cameco.com
under &#147;Responsibility &#151; Governance&#148;.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Communication with non-management directors</B></U>. Shareholders may send
communications to Cameco Corporation&#146;s Presiding Director or non-management directors by
mailing (by regular mail or other means of delivery) to the corporate head office at
2121-11th Street West, Saskatoon, Saskatchewan, Canada, S7M 1J3 a sealed envelope marked
&#147;Private and Strictly Confidential-Attention: Chair of the Board of Directors of Cameco
Corporation&#148;. Any such envelope will be delivered unopened to the Presiding Director
for appropriate action. The status of all outstanding concerns addressed to the
Presiding Director will be reported to the board of directors as appropriate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Corporate governance guidelines</B></U>. According to Section&nbsp;303A.09 of the
NYSE Listed Company Manual, a listed company must adopt and disclose a set of corporate
governance guidelines with respect to specified topics. Such guidelines and the
charters of the listed company&#146;s most important committees of the board of directors are
required to be posted on the listed company&#146;s website and be available in print to any
shareholder upon request. Cameco Corporation operates under corporate governance
guidelines that are consistent with the requirements of Section&nbsp;303A.09 of the NYSE
Listed Company Manual. Cameco Corporation&#146;s corporate governance guidelines and the
charters of its most important committees of the board of directors can be found at
Cameco Corporation&#146;s website at www.cameco.com under &#147;Responsibility &#151; Governance&#148; and
are available in print to any shareholder who requests them.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Independent directors</B></U>. The names of Cameco Corporation&#146;s non-management
directors are: John H. Clappison; Joe F. Colvin; James R. Curtiss; Donald H.F.
Deranger; James K. Gowans; Nancy E. Hopkins; Oyvind Hushovd; J.W. George Ivany; A. Anne
McLellan; A. Neil McMillan; and Victor J. Zaleschuk. Each of the non-management
directors is &#147;independent&#148;, as such term is used in the rules of the NYSE with the
exception of Donald H.F. Deranger.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Audit committee</B></U>. John Clappison, who is the chair of Cameco
Corporation&#146;s audit committee, is a member of the audit committees of three other
publicly traded companies. The board of directors has determined that such simultaneous
service will not impair the ability of Mr.&nbsp;Clappison to effectively serve on Cameco
Corporation&#146;s audit committee.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<!-- link1 "EXHIBIT INDEX" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 Annual Information Form</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 Consolidated Audited Financial Statements</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 Management&#146;s Discussion and Analysis</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Principal Accountant Fees and Services</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Tabular Disclosure of Contractual Obligations</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Report of Independent Registered Public Accounting Firm &#151;
Internal Control Over Financial Reporting</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Report of Independent Registered Public Accounting Firm &#151;
Public Company Accounting Oversight Board (United States)
Standards and Reconciliation to United States GAAP</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Independent Registered Public Accounting Firm</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certification of Chief Executive Officer pursuant to Rule
13a-14(a) or 15d-14(a) of the U.S. Securities Exchange Act of
1934, as amended</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.10</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certification of Chief Financial Officer pursuant to Rule
13a-14(a) or 15d-14(a) of the U.S. Securities Exchange Act of
1934, as amended</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certification of Chief Executive Officer pursuant to Section
906 of the Sarbanes-Oxley Act of 2002</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certification of Chief Financial Officer pursuant to Section
906 of the Sarbanes-Oxley Act of 2002</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Alain G. Mainville, P. Geo.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.14</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Charles Foldenauer, P. Eng.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Grant J. H. Goddard, P. Eng.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Lorne Schwartz, P. Eng.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.17</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of C. Scott Bishop, P. Eng.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.18</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Gregory M. Murdock, P. Eng.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of David Bronkhorst, P. Eng.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.20</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Leslie (Les) D. Yesnik, P. Eng.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.21</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Code of Conduct and Ethics (incorporated by reference to
Cameco Corporation&#146;s report on Form&nbsp;6-K (Commission File No.
1-14228) dated January&nbsp;20, 2011).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>UNDERTAKING AND CONSENT TO SERVICE OF PROCESS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Undertaking</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cameco Corporation undertakes to make available, in person or by telephone, representatives to
respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so
by the Commission staff, information relating to: the securities registered pursuant to Form 40-F;
the securities in relation to which the obligation to file an annual report on Form 40-F arises; or
transactions in said securities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Consent to Service of Process</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cameco Corporation has previously filed a Form F-X in connection with the class of securities in
relation to which the obligation to file this report arises.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any change to the name or address of the agent for service of process of Cameco Corporation shall
be communicated promptly to the Commission by an amendment to the Form F-X referencing the file
number of the relevant registration statement.
</DIV>

<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Exchange Act, Cameco Corporation certifies that it meets
all of the requirements for filing on Form 40-F and has duly caused this annual report to be signed
on its behalf by the undersigned, thereto duly authorized.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">DATED this 16<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP> day of February, 2011.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>CAMECO CORPORATION</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ <I>O. Kim Goheen</I>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">O. Kim Goheen&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice-President and<br>
Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>o68633exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Cameco Corporation
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">2010 Annual Information Form
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">February&nbsp;16, 2011
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6863301.gif" alt="(CAMECO LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Cameco Corporation</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>2010 Annual information form</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">February&nbsp;16, 2011
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Contents</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Important information about this document</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">About Cameco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operations and development projects</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Uranium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Fuel services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Electricity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mineral reserves and resources</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sustainable development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">The regulatory environment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Risks that can affect our business</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Legal proceedings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">111</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investor information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Governance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Appendix&nbsp;A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633101"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Important information about this document</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This annual information form (AIF)&nbsp;provides important information about Cameco Corporation. It
describes our history, our markets, our operations and development projects, our mineral reserves
and resources, sustainability, the regulatory environment, the risks we face in our business and
the market for our shares, among other things.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It also incorporates by reference:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our management&#146;s discussion and analysis (MD&#038;A) for the year ended December&nbsp;31, 2010 (2010
MD&#038;A), which is available on SEDAR (sedar.com) and on EDGAR (sec.gov) as an exhibit to our
Form&nbsp;40-F</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our audited consolidated financial statements for the year ended
December&nbsp;31, 2010 (2010 financial statements) which is also available on SEDAR and on EDGAR as an
exhibit to our Form 40-F.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have prepared this document to meet the requirements of Canadian securities laws, which are
different from what US securities laws require.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Throughout this document, the terms <I>we, us, our, the company </I>and <I>Cameco </I>mean Cameco
Corporation and its subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reporting currency and financial information</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unless we have specified otherwise, all dollar amounts are in Canadian dollars. Any references
to $(US) mean United States (US)&nbsp;dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have presented financial information in this AIF according to Canadian generally accepted
accounting principles (Canadian GAAP). We explain any differences between Canadian GAAP and US
generally accepted accounting principles (US GAAP) that apply to us in our Form 40-F, which we file
with the US Securities and Exchange Commission (SEC). We also prepare a reconciliation of our
annual financial statements to US GAAP, which is filed with securities regulatory authorities in
Canada on SEDAR and in the US on EDGAR.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Caution about forward-looking information</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our AIF and the documents incorporated by reference include statements and information about
our expectations for the future. When we discuss our strategy, plans and future financial and
operating performance, or other things that have not yet taken place, we are making statements
considered to be forward-looking information or forward-looking statements under Canadian and US
securities laws. We refer to them in this AIF as forward-looking information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Key things to understand about the forward-looking information in this AIF:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It typically includes words and phrases about the future, such as <I>believe</I>, <I>estimate</I>,
<I>anticipate</I>, <I>expect</I>, <I>plan</I>, <I>intend</I>, <I>predict</I>, <I>goal</I>, <I>target</I>, <I>project</I>, <I>potential </I>and <I>strategy </I>(see
examples on page 2).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It is based on a number of material assumptions, including those we have listed below,
which may prove to be incorrect.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Actual results and events may be significantly different from what we currently expect,
because of the risks associated with our business. We list a number of these material risks
below. We recommend you also review other parts of this document, including <I>Risks that can
affect our business </I>starting on page 92, and our 2010 MD&#038;A, which include a discussion of
other material risks that could cause actual results to differ from current expectations.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Forward-looking information is designed to help you understand management&#146;s current views of our
near and longer term prospects. It may not be appropriate for other purposes. We will not
necessarily update this forward-looking information unless we are required to by securities laws.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Examples of forward-looking information in this AIF</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectations about
future worldwide uranium supply and demand</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>production at our uranium operations in 2011 and our target for doubling annual uranium
production to 40&nbsp;million pounds by 2018</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our ability to maintain expected annual production at McArthur River and Key Lake</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mid-2013 target for initial production from Cigar Lake, the expected benefits from our
surface freeze strategy and our 2011 Cigar Lake plans</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectation that Inkai will receive all the necessary approvals and permits to meet its
2011 and future annual production targets</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>forecasts relating to mining, development and other activities at our uranium operations</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>future production at our fuel services operations</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the likely terms and volumes to be covered by long-term delivery contracts that we enter
into in 2011 and future years</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>future royalty and tax payments and rates</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mineral reserve and resource estimates</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Material risks</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>actual sales volumes or realized prices for any of our
products or services are lower than we expect for any reason, including changes in market
prices or loss of market share to a competitor</TD>
</TR>

</TABLE>
</DIV>



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are adversely affected by changes in foreign currency exchange rates, interest rates or
tax rates</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>production costs are higher than planned, or necessary supplies are not available, or not
available on commercially reasonable terms</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our estimates of production, purchases, costs, decommissioning or reclamation expenses, or
our tax expense estimates, prove to be inaccurate</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are unable to enforce our legal rights under our existing agreements, permits or
licences, or are subject to litigation or arbitration that has an adverse outcome</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are defects in, or challenges to, title to our properties</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mineral reserve and resource estimates are inaccurate, or we face unexpected or
challenging geological, hydrological or mining conditions</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by environmental, safety and regulatory risks, including increased
regulatory burdens or delays</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we cannot obtain or maintain necessary permits or approvals from government authorities</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by political risks in a developing country where we operate</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by terrorism, sabotage, blockades, accident or a deterioration in political
support for, or demand for, nuclear energy</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are changes to government regulations or policies, including tax and trade laws and
policies</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our uranium and conversion suppliers fail to fulfill delivery commitments</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>delay or lack of success in remediating and developing Cigar Lake</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by natural phenomena, including inclement weather, fire, flood and
earthquakes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our operations are disrupted due to problems with our own or our customers&#146; facilities, the
unavailability of reagents, equipment, operating parts and supplies critical to production,
lack of tailings capacity, labour shortages, labour relations issues, strikes or lockouts,
underground floods, cave-ins, tailings dam failures, or other development and operating risks</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Material assumptions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sales and purchase volumes and prices for uranium, fuel services and electricity</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expected production costs</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expected spot prices and realized prices for uranium</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>tax rates, foreign currency exchange rates and interest rates</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>decommissioning and reclamation expenses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mineral reserve and resource estimates</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>geological, hydrological and other conditions at our mines</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Cigar Lake remediation and development plans succeed</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our ability to continue to supply our products and services in the expected quantities and
at the expected times</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our ability to comply with current and future environmental, safety and other regulatory
requirements, and to obtain and maintain required regulatory approvals</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our operations are not significantly disrupted as a result of political instability,
nationalization, terrorism, sabotage, blockades, natural disasters, governmental or political
actions, litigation or arbitration proceedings, the unavailability of reagents, equipment,
operating parts and supplies critical to production, labour shortages, labour relations
issues, strikes or lockouts, underground floods, cave-ins, tailings dam failures, lack of
tailings capacity, or other development or operating risks</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</font>
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633102"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Cameco</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our head office is in Saskatoon, Saskatchewan. We are one of the world&#146;s largest uranium
producers, with uranium assets on three continents. Nuclear energy plants around the world use our
uranium products to generate one of the cleanest sources of electricity available today.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Vision and strategy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our vision is to be a dominant nuclear energy company producing uranium fuel and generating
clean electricity. Our goal is to be the supplier, partner, investment and employer of choice in
the nuclear industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are focusing our growth strategy on our uranium segment, and plan to double our annual uranium
production to 40&nbsp;million pounds by 2018 to meet the world&#146;s rising demand for uranium. You can find
more information about our growth strategy in our
2010 MD&#038;A.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Cameco Corporation</B><BR>
2121 &#151; 11<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP> Street West,<BR>
Saskatoon, Saskatchewan<BR>
Canada S7M 1J3<BR>
Telephone: 306.956.6200.

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This is our head office, registered office and principal place of business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are publicly listed on the Toronto and New York stock exchanges, and had a total of 3,300
employees at December&nbsp;31, 2010, not including Inkai.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 18pt; margin-right: 47%"><B>2010 Revenue by segment<BR>
($&nbsp;millions)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863302.gif" alt="(PIE CHART)">
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 18pt; margin-right: 47%"><B>2010 Gross profit by segment<BR>
($&nbsp;millions)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863303.gif" alt="(PIE CHART)">
</DIV>

 <DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are one
of the world&#146;s largest uranium producers, and in 2010 accounted for about 16% of the
world&#146;s production. We have controlling ownership of
the world&#146;s largest high-grade reserves, with ore
grades up to 100 times the world average, and low-cost
operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Product</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium concentrates
(U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral reserves and resources</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral reserves

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approximately 475&nbsp;million pounds proven and
probable</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approximately 140&nbsp;million pounds measured and
indicated</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approximately 355&nbsp;million pounds inferred</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Global exploration
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>focused on four continents</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operating properties</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>McArthur River and Key Lake, Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Rabbit Lake, Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Smith Ranch-Highland, Wyoming</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Crow Butte, Nebraska</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai, Kazakhstan</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Development project</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cigar Lake, Saskatchewan</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Projects under evaluation</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai blocks 1 and 2 production increase,
Kazakhstan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai block 3, Kazakhstan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>McArthur River extension, Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Kintyre, Australia</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Millennium, Saskatchewan</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are an integrated uranium fuel
supplier, offering refining, conversion and
fuel manufacturing services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Products</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium trioxide (UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium hexafluoride (UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>)<br>
(control about 35% of western world capacity)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium dioxide (UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>)<br>
(the world&#146;s only commercial producer of
natural UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fuel bundles, reactor components and
monitoring equipment used by Candu reactors</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operations</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Blind River refinery, Ontario<br>
(refines U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> to UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Port Hope conversion facility, Ontario<br>
(converts UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> to UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> or UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco Fuel Manufacturing Inc. (CFM), Ontario<br>
(manufactures fuel bundles and reactor components)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a toll conversion agreement with<br>
Springfields Fuels Ltd. (SFL), Lancashire, United Kingdom
(UK) (to convert UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> to UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>) &#151; expires
in 2016</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also have a 24% interest in GE-Hitachi Global Laser
Enrichment LLC (GLE)&nbsp;in North Carolina, with General
Electric (51%) and Hitachi Ltd. (25%). GLE is testing a
third-generation technology that, if successful, will use
lasers to commercially enrich uranium.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We generate clean
electricity through our
31.6% interest in the
Bruce Power Limited
Partnership (BPLP),
which operates four
nuclear reactors at the
Bruce B generating
station in southern
Ontario.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Capacity</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>3,260 megawatts (MW) (100% basis)<br>
(about 15% of Ontario&#146;s electricity)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD colspan="3" align="left">We also have agreements to manage the procurement
of fuel and fuel services for BPLP, including:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium concentrates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion services</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fuel fabrication services</TD>
</TR>


</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt">4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</font>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>The nuclear fuel cycle</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 18pt; margin-left: 4%"><IMG src="o68633o6863304.gif" alt="(GRAPHIC)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our operations and investments span the nuclear fuel cycle, from exploration to electricity
generation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#140;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Mining</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There are three ways to mine uranium, depending on the depth of the orebody and the deposit&#146;s
geological characteristics:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Open pit mining </I>is used if the ore is near the surface. The ore is usually mined using
drilling and blasting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Underground mining </I>is used if the ore is too deep to make open pit mining economical.
Tunnels and shafts provide access to the ore.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>In situ recovery (ISR) </I>does not require large scale excavation. Instead, holes are drilled into
the ore and a solution is used to dissolve the uranium. The solution is pumped to the surface
where the uranium is recovered.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#140;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Milling</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Ore from open pit and underground mines is processed to extract the uranium and package it as a
powder typically referred to as <I>uranium concentrate </I>(U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>) or <I>yellowcake</I>. The
leftover processed rock and other solid waste (<I>tailings</I>) is placed in an engineered tailings
facility.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#141;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Refining</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Refining removes the impurities from the uranium concentrate and changes its chemical form to
<I>uranium trioxide </I>(UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#142;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Conversion</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For light water reactors, the UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> is converted to <I>uranium hexafluoride </I>(UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>)
gas to prepare it for the next stage of processing. For heavy water reactors like the Candu
reactor, the UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> is converted into powdered <I>uranium dioxide </I>(UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#143;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Enrichment</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Uranium is made up of two main isotopes: U-238 and U-235. Only U-235 atoms, which make up 0.7% of
natural uranium, are involved in the nuclear reaction (fission).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The enrichment process increases the concentration of U-235 to between 3% and 5% by separating
U-235 atoms from the U-238. Enriched UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> gas is then converted to powdered
UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#144;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Fuel manufacturing</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Natural or enriched UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> is pressed into pellets, which are baked at a high temperature.
These are packed into zircaloy or stainless steel tubes, sealed and then assembled into fuel
bundles.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#145;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Generation</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nuclear reactors are used to generate electricity.
U-235 atoms in the reactor fuel fission, creating heat that generates steam to drive turbines. The
fuel bundles in the reactor need to be replaced as the U-235 atoms are depleted, typically after one or two years depending upon the reactor type. The
used &#151; or <I>spent </I>&#151; fuel is stored or reprocessed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Spent fuel management</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The majority of spent fuel is safely stored at the reactor site. A small amount of spent fuel is
reprocessed. The reprocessed fuel is used in some European and Japanese reactors.
</TD>
</TR>
</TABLE>
</DIV>
<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Major developments</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>2008</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>June</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We acquire a 24% interest in GLE, a uranium enrichment
development company, by providing $124&nbsp;million (US)&nbsp;in
cash and issuing a $73&nbsp;million (US)&nbsp;promissory note.
General Electric owns 51% and Hitachi Ltd owns the
remaining 25% of GLE.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We and our partners agree to a new pricing structure with
Tenex under the Russian HEU commercial agreement from
2011 to 2013. The Russian and US governments subsequently
approve the new pricing structure. Our share of the
material affected is seven million pounds.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>August</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There is a new water inflow on the 420 metre level of the
Cigar Lake development project, and we suspend dewatering. Earlier in the year the area of the October&nbsp;2006 water
inflow is sealed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We (70%) and Mitsubishi Development Pty Ltd (30%) acquire
the Kintyre uranium exploration project in Western
Australia, from Rio Tinto, for $495.0&nbsp;million (US) (our
share is $346.5&nbsp;million (US)).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>September</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We restart the Port Hope UF<sub>6</sub> plant
after a year-long rehabilitation
program.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>October</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We issue 21,205,585 common shares in connection with the
redemption of our 5% $230&nbsp;million
unsecured convertible debentures.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>November</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We suspend operation of the
Port Hope UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant because of
a contract dispute with our only
supplier of hydrofluoric acid.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2009</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>February</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our $470&nbsp;million bank credit facility is
increased to $500&nbsp;million. We cancel
the facility in the third quarter.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We add a $100&nbsp;million bank credit facility. It expires in February&nbsp;2012.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>March</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We issue 26,666,400 common
shares for net proceeds of
$441&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>April</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We enter into an <I>Agreement on New
Terms </I>with Kyrgyzaltyn JSC
(Kyrgyzaltyn) and the Government of
the Kyrgyz Republic that resolves all
outstanding issues regarding the
Kumtor Gold mine.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>June</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We resume production of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> at
Port Hope.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>September</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We issue $500&nbsp;million of 5.67%
unsecured debentures due in 2019.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>October</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We seal the water inflow at the 420
metre level of Cigar Lake, and
resume dewatering.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>December</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We dispose of our entire interest
in Centerra Gold Inc. (Centerra) in
two steps:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sell 88,618,472 common shares of
Centerra through a public offering
for net proceeds of $871&nbsp;million</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>transfer another 25,300,000
common shares of Centerra to
Kyrgyzaltyn, under the April&nbsp;2009
<I>Agreement on New Terms</I></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai commissions its main
processing plant and starts
commissioning its first satellite plant.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>February</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai files a notice of potential commercial discovery at block 3. It has approval in
principle to assess commercial viability until July&nbsp;2015.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We finished dewatering the Cigar Lake mine. By year end, we had resumed underground
development in the south end of the mine.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>June</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai receives approval in principle to increase annual production from blocks 1 and 2 to 3.9
million pounds (100% basis).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We agree to supply 23&nbsp;million pounds of uranium concentrate to a Chinese utility under a
long-term agreement to 2020.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>November</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We agree to supply 29&nbsp;million
pounds of uranium concentrate to
another Chinese utility under a
long-term agreement to 2025.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</font>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How Cameco was formed</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cameco Corporation was incorporated under the <I>Canada Business Corporations Act </I>on June&nbsp;19,
1987.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We were formed when two crown corporations were privatized and their assets merged:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Saskatchewan Mining Development Corporation (uranium mining and milling operations)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eldorado Nuclear Limited (uranium mining, refining and conversion operations) (now Canada
Eldor Inc.)</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are constraints and restrictions on ownership of Cameco shares set out in our company
articles, and a related requirement to maintain offices in Saskatchewan. These are requirements of
the <I>Eldorado Nuclear Limited Reorganization and Divestiture Act </I>(Canada), as amended, and <I>The
Saskatchewan Mining Development Corporation Reorganization Act</I>, and are described on pages 113 and
114.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have made the following amendments to our articles:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2002</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;increased the maximum share ownership for individual non-residents to 15% from 5%</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;increased the limit on voting rights of non-residents to 25% from 20%</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2003</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;allowed the board to appoint new directors between shareholder meetings as
permitted by the <I>Canada Business Corporations Act</I>, subject to certain limitations</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;eliminated the requirement for the chairman of the board to be ordinarily resident
in the province of Saskatchewan</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have four main subsidiaries:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco Europe Ltd. (Cameco Europe), a Swiss company we have 100% ownership of through
subsidiaries</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our wholly owned subsidiaries Cameco Bruce Holdings Inc., a Canadian company, and Cameco
Bruce Holdings II Inc., an Ontario company, which collectively own a 31.6% limited partnership
interest in BPLP, an Ontario limited partnership</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Joint Venture Inkai Limited Liability Partnership (Inkai), a limited liability partnership
in Kazakhstan, which we own a 60% interest in.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We do not have any other subsidiaries that are material, either individually or collectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>For more information</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You can find more information about Cameco on SEDAR (sedar.com), EDGAR (sec.gov) and on our website
(cameco.com/investors).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See our most recent management proxy circular for additional information, including how our
directors and officers are compensated and any loans to them, principal holders of our securities,
and securities authorized for issue under our equity compensation plans. We expect the circular for
our May&nbsp;2011 annual meeting of shareholders to be available in April&nbsp;2011.
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our markets</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>World U<SUB style="font-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="font-size: 85%; vertical-align: text-bottom">8</SUB> supply and demand</B></div>
<DIV align="left" style="font-size: 10pt; margin-top: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>2011-2020</B></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863305.gif" alt="(BAR GRAPH)">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Demand</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The demand for U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> is directly linked to the level of electricity
generated by nuclear power plants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We forecast that world demand will be almost 2.3&nbsp;billion pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> over
the next 10&nbsp;years. This estimate assumes utilities will build strategic inventories of about 160
million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> to support their reactor programs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">World annual uranium fuel consumption has increased from 75&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> in 1980 to an estimated 180&nbsp;million pounds in 2010. We expect global
uranium consumption to increase to about 195&nbsp;million pounds in 2011. By 2020, we expect world
uranium consumption to be about 230&nbsp;million pounds per year, reflecting an average annual growth
rate of about 2%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The demand for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6 </SUB>conversion services is directly linked to the level of electricity
generated by light water moderated nuclear power plants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The demand for UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> conversion services is linked to the level of electricity generated
by heavy water moderated nuclear power plants such as Candu reactors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We estimate world consumption of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> and natural UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> conversion services was
about 69&nbsp;million kgU in 2010. Consumption in the western world accounted for 60&nbsp;million kgU, and
the remaining 9&nbsp;million kgU was from Russia, China and Eastern Europe. We expect world consumption
of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> and natural UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> conversion services to increase by about 7% in 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Western world </I>includes Argentina, Belgium, Brazil, Bulgaria, Canada, Czech Republic, Egypt,
Finland, France, Germany, Hungary, India, Iran, Japan, Mexico, Netherlands, Pakistan, Romania,
Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Turkey, United
Kingdom, United Arab Emirates and United States.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Supply</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Uranium supply sources include <I>primary production sources </I>(production from mines that are
currently in commercial operation) and <I>secondary supply sources </I>(excess inventories, uranium made
available from defence stockpiles and the decommissioning of nuclear weapons, re-enriched depleted
uranium tails, and used reactor fuel that has been reprocessed).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To meet global demand over the next 10&nbsp;years, we expect:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>66% of global uranium supply to come from existing <I>primary production sources</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>16% will come from existing <I>secondary supply sources</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the remaining 18% will come from new sources of supply.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Primary production</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While the uranium production industry is international in scope, there are only a small number of
companies
operating in relatively few countries. Barriers to entry for new competitors are high, and the lead
time for new uranium production can be as long as 10&nbsp;years or more, depending on the deposit type
and location.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We estimate world mine production in 2010 was about 140&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>,
up 6% from 132&nbsp;million pounds in 2009:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>92% of the estimated world production came from eight countries: Kazakhstan (33%), Canada
(18%), Australia (11%), Namibia (8%), Niger (8%), Russia (7%), Uzbekistan (4%) and the US (3%)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>70% of the estimated world production was marketed by five producers. We accounted for
about 16% of that production (22.8&nbsp;million pounds).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Secondary sources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Uranium consumption has outstripped uranium production every year since 1985.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A number of secondary sources have covered the shortfall, but most of these sources are finite and
will not meet long-term needs:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Uranium from dismantled Russian nuclear weapons is the largest current source of secondary
supply. Deliveries from this source should end in 2013, when the Russian HEU commercial
agreement expires.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The US government makes some of its inventories available to the market, although in much
smaller quantities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Utilities, mostly in Europe and some in Japan and Russia, use reprocessed uranium and
plutonium from used reactor fuel.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Re-enriched depleted uranium tails are also generated using excess enrichment capacity.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium from nuclear disarmament</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In February&nbsp;1993, the United States and Russia signed an agreement to manage the sale of highly
enriched uranium (HEU)&nbsp;derived from dismantling Russian nuclear weapons (Russian HEU agreement).
The agreement allows Russia to dilute 500 tonnes of HEU derived from dismantled weapons, and
deliver it to the US as low enriched uranium suitable for use in nuclear power plants (disarmament
LEU)<I>. </I>Russia plans to dilute about 30 tonnes of HEU per year (equivalent to about 24&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per year) over 20&nbsp;years, until the entire 500 tonnes has been delivered.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This is equivalent to a total of about 400&nbsp;million pounds of natural uranium as
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> (disarmament uranium). About 323&nbsp;million pounds of disarmament uranium
had been delivered as of the end of 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Russian HEU commercial agreement</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In March&nbsp;1999, we and other members of a consortium of western companies signed the Russian HEU
commercial agreement with Tenex, the commercial arm of the Russian Ministry for Atomic Energy.
Under the agreement, the western companies were granted options to purchase a majority of the
disarmament uranium. We exercised our options and have been receiving deliveries of disarmament
uranium. We will receive the remaining 23&nbsp;million pounds of disarmament uranium to be delivered to
us under the agreement from 2011 to 2013.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Trade restraints and policies</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The sale of disarmament uranium into the US market is regulated by the <I>USEC Privatization Act</I>,
which imposes an annual quota on the sale of disarmament uranium. The 2011 quota is 20&nbsp;million
pounds, which is the maximum level and the same level as last year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The US had suspension agreements with some countries that limited access to the US market, as part
of uranium anti-dumping proceedings in the early 1990s. Only the suspension agreement with Russia
is still in effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In February&nbsp;2008, the US and Russia amended the agreement, allowing Russia to directly supply
additional uranium to US utilities in very low annual amounts from 2011 to 2013. Russia can also
supply uranium for initial cores in new US reactors. Once the Russian HEU commercial agreement
ends, the annual amount increases to 13&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>equivalent from
2014 to 2020.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The US restrictions do not affect the sale of Russian uranium to other countries. About 75% of
world uranium demand is from utilities in countries that are not affected by the US restrictions.
Utilities in some countries, however, adopt policies that limit the amount of Russian uranium they
will buy. The Euratom Supply Agency in Europe must approve all uranium related contracts for
members of the EU, and limits the use of nuclear fuel supplies from any one source to maintain
security of supply (historically this was an informal level of about 20%).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Uranium from US inventories</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We estimate that the US has an inventory of approximately 150&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> equivalent of surplus uranium. We expect this uranium will be available
to the market over the next 25&nbsp;years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In March&nbsp;2008, the US Department of Energy issued a policy statement and a general framework for
managing this inventory, including the need to dispose of it without disrupting the commercial
markets. In December of that year, it released the <I>Excess Uranium Inventory Management Plan, </I>which
stated that it will dispose of the surplus annually, in amounts of 10% or less of annual US nuclear
fuel requirements. It can exceed this limit in certain situations, however (during initial core
loads for new reactors, for example). It indicated less than 3&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> would enter the market in 2009, and that there would be a gradual ramp
up to 5&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> by 2013. It also planned to make
another 20&nbsp;million pounds available for initial cores for new US reactors beginning in 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, the US Department of Energy made a total of 2.4&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
equivalent available to USEC, which was sold in the spot market, in return for accelerated cleanup
work at USEC&#146;s gaseous diffusion plant in Kentucky. USEC, an American company, supplies services to
enrich uranium at this plant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Conversion services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are one of three commercial suppliers of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6 </SUB>conversion in the western world and
control about 35% of western capacity. We are the only commercial supplier of conversion for
natural UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> customers in the western world.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Marketing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We sell uranium and fuel services (as uranium concentrates, UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>, UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>,
conversion services or fuel fabrication) to nuclear utilities in Belgium, Canada, China, Finland,
France, Germany, Japan, South Korea, Spain, Sweden, Taiwan and the US. We are the only commercial
supplier of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> to Candu reactors operated in Canada.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In June&nbsp;2010, the government of Canada signed a civil nuclear co-operation agreement with India to
export nuclear technology, equipment and uranium to support India&#146;s growing nuclear energy
industry. Canada is the eighth nation to sign such an agreement with India since the Nuclear
Suppliers Group lifted a 34-year ban on nuclear co-operation with India in 2008. Licensing
arrangements for these exports still have to be negotiated by these two governments and discussions
are ongoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are in discussions with India to provide uranium for their growing reactor program.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we signed two long-term agreements with Chinese utilities to supply more than 50&nbsp;million
pounds of uranium. While China and Canada have a bilateral agreement in place, the governments
continue to negotiate the administrative arrangements required for delivery of Canadian
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Uranium is not traded in meaningful quantities on a commodity exchange. Utilities buy the majority
of their uranium and fuel services products under long-term contracts with suppliers, and meet the
rest of their needs on the spot market.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Our sales commitments</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, 44% of our U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> sales were to five customers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We currently have commitments to supply more than 300&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
under long-term contracts with 53 customers worldwide. Our five largest customers account for 45%
of these commitments, and 39% of our committed sales volume is attributed to purchasers in the
Americas (US, Canada and Latin America), 35% in Asia and 26% in Europe. We are heavily committed
under long-term uranium contracts until 2016, so we are becoming increasingly selective when
considering new commitments.
</DIV>



 <DIV align="left" style="font-size: 10pt; margin-top: 12pt">10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Our purchase commitments</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We participate in the uranium spot market from time to time, including making spot purchases to
take advantage of opportunities to place the material into higher priced contracts. We determine
the appropriate extent of our spot market activity based on the current spot price and various
factors relating to our business. In addition to being a source of profit, this activity provides
insight into the underlying market fundamentals and supports our sales activities. We have also
bought uranium under long-term contracts, and may do so again in the future. At December&nbsp;31, 2010,
we had firm commitments to buy 27&nbsp;million pounds of uranium equivalent from 2011 to 2014. 23 of the
27&nbsp;million pounds will come from deliveries under the Russian HEU commercial agreement, which runs
through 2013.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Our contracting strategy</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our extensive portfolio of long-term sales contracts &#151; and the long-term, trusting relationships
we have with our customers &#151; are core strengths for us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Because we sell large volumes of uranium every year, our net earnings and operating cash flows are
affected by changes in the uranium price. Our contracting strategy is to secure a solid base of
earnings and cash flow by maintaining a balanced contract portfolio that maximizes our realized
price. Market prices are influenced by the fundamentals of supply and demand, geopolitical events,
disruptions in planned supply and other market factors. Contract terms usually reflect market
conditions at the time the contract is accepted, with deliveries beginning several years in the
future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our current uranium contracting strategy is to sign contracts with terms of 10&nbsp;years or more that
include mechanisms to protect us when market prices decline, and allow us to benefit when market
prices go up. Our portfolio includes a mix of fixed-price and market-related contracts, which we
target at a 40:60 ratio. Fixed-price contracts are typically based on the industry long-term price
indicator at the time the contract is accepted, adjusted for inflation to the time of delivery.
Market-related contracts may be based on either the spot price or the long-term price as quoted at
the time of delivery, and often include floor prices adjusted for inflation and some include
ceiling prices also adjusted for inflation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This is a balanced approach that reduces the volatility of our future earnings and cash flow, and
that we believe delivers the best value to shareholders over the long term. It is also consistent
with the contracting strategy of our customers. This strategy has allowed us to add increasingly
favourable contracts to our portfolio that will enable us to benefit from any increases in market
prices in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The majority of our contracts include a supply interruption clause that gives us the right to
reduce, on a pro rata basis, defer or cancel deliveries if there is a shortfall in planned
production or in deliveries under the Russian HEU commercial agreement. We have deferred a portion
of the 2011 deliveries for five to seven years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our older sales contracts allow the purchaser to adjust the amount of uranium to be delivered from
year to year within a specified range. Our newer contracts generally do not offer this.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Volumes and pricing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Spot market volume in 2010 was slightly below the record set in 2009, decreasing to an estimated 50
million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> and accounting for 28% of annual consumption (versus
about 54&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>in 2009). Long-term contracting in 2010 was
about 250&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, or 67% higher than 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The industry average spot price (TradeTech and Ux Consulting (UxC)) on December&nbsp;31, 2010 was $62.25
(US)&nbsp;per pound U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, or 40% higher than the December&nbsp;31, 2009 average of
$44.50 (US).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The industry average long-term price (TradeTech and UxC) was $66.00 (US)&nbsp;per pound
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>on December&nbsp;31, 2010, or 8% higher than the December&nbsp;31, 2009 average of
$61.00 (US).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Fuel services</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The majority of our fuel services contracts are at a fixed price per kgU, adjusted for inflation,
and reflect the market at the time the contract is accepted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For conversion services, we compete with two other commercial suppliers of conversion services in
the western world, and with the secondary supplies described above.
</DIV>




<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a similar marketing strategy for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion services. We sell our conversion
services to utilities in the Americas, Europe and Asia and primarily through long-term contracts.
We currently have UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion services commitments of more than 85&nbsp;million kilograms
of uranium under long-term contracts with 46 customers worldwide. Our five largest customers
account for 37% of these commitments, and of our committed UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion services
volume, 54% is attributed to purchasers in the Americas, 24% in Asia and 22% in Europe.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity business</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP leases and operates four Candu nuclear reactors that have the capacity to provide about
15% of Ontario&#146;s electricity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It receives a reliable stream of revenue from financial contracts and sells electricity on the open
spot market. Spot market prices are determined by bids from suppliers and buyers that reflect
changes in supply and demand by the hour. In 2010, 42% of its output was sold under financial
contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP also trades electricity and related contracts as part of its risk management activities to
hedge output against exposure to low spot prices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Demand for electricity in Ontario has been eroding. Wholesale demand has declined significantly
since 2004, however, Ontario demand in 2010 was up by 2% or 3 TWh compared to 2009. While this
increase signals a positive change in the economy, we believe it will take some time for demand to
return to prior levels.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP has an agreement with the Ontario Power Authority (OPA)&nbsp;that supports output from the B
reactors with a floor price (currently $48.96/MWh) adjusted annually for inflation. The floor price
mechanism and any related payments to BPLP for the output from each B reactor will expire on a date
specified in the agreement. The expiry dates are December&nbsp;31, 2015 for unit B6, December&nbsp;31, 2016
for unit B5, December&nbsp;31, 2017 for unit B7 and December&nbsp;31, 2019 for unit B8. Revenue is recognized monthly, based on the positive difference
between the floor price and the spot price. BPLP does not have to repay the revenue from the
agreement with the OPA, if the floor price for the particular year exceeds the average spot price
for that year. The agreement also provides for payment if the Independent Electricity System
Operator reduces BPLP&#146;s generation because Ontario baseload generation is higher than required. The
amount of the reduction is considered &#147;deemed generation&#148;, and BPLP is paid either the spot price
or the floor price, whichever is higher.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales to BPLP and Bruce Power A Limited Partnership (BALP)&nbsp;are a substantial portion of our fuel
manufacturing business and an important part of our UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nuclear power stations have higher operational, maintenance, waste and decommissioning costs than
other methods of generating electricity. They also require more initial capital for development
because of the complexity of the technical processes that underlie nuclear power generation, and
the additional design, security and safety precautions to protect the public from potential risks
associated with nuclear operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The relatively low cost of nuclear fuel compared to fossil fuel offsets these costs. In general,
BPLP&#146;s nuclear stations have a lower overall operating cost per megawatt-hour of electricity
produced than facilities that use fossil fuels.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633103"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operations and development projects</B>
</DIV>

<DIV align="left">
<A name="O68633104"></A>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Uranium</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Operating properties</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River/Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Development project</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Projects under evaluation</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai blocks 1 and 2 production increase (see Inkai, above)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai block 3 (see Inkai, above)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River extension (see McArthur River above)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kintyre</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Exploration</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Fuel services</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Refining</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Blind River refinery</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Conversion and fuel manufacturing</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Port Hope conversion services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cameco Fuel Manufacturing Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Springfields Fuels Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Electricity</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Bruce Power Limited Partnership</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium production</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See page 56 of our 2010 MD&#038;A for our forecast uranium production from 2011 to 2015.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Cameco&#146;s share</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(million lbs U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2010</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River/Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863306.gif" alt="(MAP)">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>McArthur River/Key Lake</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River is the world&#146;s largest high-grade uranium mine, and Key Lake is the
largest uranium mill in the world.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ore grades at the McArthur River mine are 100 times the world average, which means it can
produce more than 18&nbsp;million pounds per year by mining only 150 to 200 tonnes of ore per
day. We are the operator.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River is one of our three material uranium properties.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Location</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Saskatchewan, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ownership</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">69.805% - McArthur River</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">83.33% - Key Lake</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">End product</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ISO certification</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deposit type</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Estimated mineral reserves</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">234.2 million pounds (proven and probable)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(our share)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#150; 15.24%<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Estimated mineral resources</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">11.8 million pounds (measured and indicated)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(our share)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#150; 7.09%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">104.8 million pounds (inferred)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#150; 13.46%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-15px">Mining methods</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">currently: raiseboring<BR>
under development: boxhole boring</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-15px">Licensed capacity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mine and mill: 18.7 million pounds per year<BR>(can be exceeded &#150; see <I>Production </I>below)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total production 2000 to 2010</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">191.1 million pounds (McArthur River/Key Lake) (100% basis)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:110px; text-indent:-15px">&nbsp;1983 to 2002</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">209.8 million pounds (Key Lake) (100% basis)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2010 production</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">13.9 million pounds (our share)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2011 forecast production</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">13.1 million pounds (our share)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Estimated mine life</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">24 years (based on current reserves)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:15px; text-indent:-15px">Estimated decommissioning cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$36.1 million - McArthur River</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$120.7 million - Key Lake</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top"><B>1</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD>For more information on the average grade, please see <I>Recent activity</I>, below.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River is owned by a joint venture
between two companies:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco &#151; 69.805%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Areva &#151; 30.195%</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Key Lake is owned by a joint venture between
the same two companies:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco &#151; 83<sup>1</sup>/<sub>3</sub>%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Areva &#151; 16<sup>2</sup>/<sub>3</sub>%</TD>
</TR>

</TABLE>
</DIV>
 <DIV align="left" style="font-size: 10pt; margin-top: 12pt">14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>History</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1976</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Canadian Kelvin Resources Ltd. and Asamera Oil Corporation Ltd. form an exploration joint venture, which includes the lands that the
McArthur River mine is situated on</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1977</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Saskatchewan Mining Development Corporation (SMDC), one of our predecessor companies, acquires a 50% interest</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1980</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;McArthur River joint venture is formed</DIV><BR>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;SMDC becomes the operator</DIV><BR>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Active surface exploration begins</DIV><BR>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Between 1980 and 1988 SMDC reduces its interest to 43.991%</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1988</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Eldorado Resources Limited merges with SMDC to form Cameco</DIV><BR>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;We become operator</DIV><BR>

<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Deposit discovered by surface drilling</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1988 - 1992</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Surface drilling reveals significant mineralization of potentially economic uranium grades, in a 1,700 metre zone at between 530 to
640 metres</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1992</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;We increase our interest to 53.991%</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1993</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Underground exploration program receives government approval &#151; program consists of shaft sinking (completed in 1994) and
underground development and drilling</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1995</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;We increase our interest to 55.844%</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1997-1998</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Federal authorities issue construction licences for McArthur River after reviewing the environmental impact statement, holding
public hearings, and receiving approvals from the governments of Canada and Saskatchewan</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1998</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;We acquire all of the shares of Uranerz Exploration and Mining Ltd. (UEM), increasing our interest to 83.766%</DIV><BR>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;We sell half of the shares of UEM to Areva, reducing our interest to 69.805%, and increasing Areva&#146;s to 30.195%</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1999</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Federal authorities issue the operating licence and provincial authorities give operating approval, and mining begins in December</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2003</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Production is temporarily suspended in April because of a water inflow</DIV><BR>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;Mining resumes in July</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2009</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;UEM distributes equally to its shareholders:</DIV><BR>
<DIV style="margin-left:42px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;its 27.922% interest in the McArthur River joint venture, giving us a 69.805% direct interest, and Areva a 30.195% direct interest</DIV><BR>
<DIV style="margin-left:42px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;its
33<sup>1</sup>/<sub>3</sub>% interest in the Key Lake joint venture, giving us an 83<sup>1</sup>/<sub>3</sub>%
direct interest, and Areva a 16<sup>2</sup>/<sub>3</sub>% direct interest.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Technical report</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This project description is based on the project&#146;s technical report: <I>McArthur River Operation,
Northern Saskatchewan, Canada, </I>dated February&nbsp;16, 2009 (effective December&nbsp;31, 2008) except for
some updates that reflect developments since the technical report was published. The report was
prepared for us in compliance with NI 43-101, by or under
the supervision of four Cameco <I>qualified persons </I>and one non-Cameco <I>qualified person</I>, within the
meaning of NI 43-101. The following description has been prepared under the supervision of
David Bronkhorst, P. Eng., Alain G. Mainville, P. Geo., Gregory M. Murdock, P. Eng., Lorne D.
Schwartz, P. Eng., and Leslie D. Yesnik, P. Eng.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These people are all <I>qualified persons </I>within the meaning of NI 43-101, but are not independent of
us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All conclusions, projections and estimates in this description are based on the qualifications,
assumptions and exclusions in the technical report. We recommend you read it in its entirety to
fully understand the project. You can download a copy from SEDAR (sedar.com) or from EDGAR
(sec.gov).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For information about uranium sales see pages 10 and 11, environmental matters see
<I>Sustainable development </I>starting on page 76, and taxes see page 90.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For a description of royalties payable to the province of Saskatchewan on the sale of uranium
extracted from orebodies within the province, see page 89.
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the McArthur River property</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Location</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Near Toby Lake in northern Saskatchewan, 620 kilometres north of Saskatoon. The mine site is one
kilometre long, running north and south, and half a kilometre wide, running east and west.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Accessibility</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Access to the property is by an all-weather gravel road and by air. Supplies are transported by
truck from Saskatoon and elsewhere. There is a 1.6 kilometre unpaved air strip and an air terminal
one kilometre east of the mine site, on the surface lease.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saskatoon, a major population centre south of the McArthur River property, has highway and air
links to the rest of North America.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Leases</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Surface lease</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We acquired the right to use and occupy the lands necessary to mine the deposit under a surface
lease agreement with the province of Saskatchewan. The most recent agreement was signed in November
2010. It covers 1,425 hectares and has a term of 33&nbsp;years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are required to report annually on the status of the environment, land development and progress
on northern employment and business development.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mineral lease</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have the right to mine the deposit under ML-5516, granted to us by the province of Saskatchewan.
The lease covers 1,380 hectares and expires in March&nbsp;2014. We have the right to renew the lease for
further 10-year terms.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mineral claims</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A mineral claim gives us the right to explore for minerals and to apply for a mineral lease. There
are 21 mineral claims, totalling 83,438 hectares, surrounding the deposit. We have title to all of
these claims until 2017.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Climate</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The climate is typical of the continental sub-arctic region of northern Saskatchewan. Summers are
short and cool even though daily temperatures can sometimes reach above 30&#176;C. The mean daily
temperature for the coldest
month is below -20&#176;C, and winter daily temperatures can reach below -40&#176;C.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Setting</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The deposit is in the southeastern portion of the Athabasca basin in northern Saskatchewan, within
the southwest part of the Churchill structural province of the Canadian Shield. The topography and
environment are typical of the taiga forested lands in the Athabasca basin.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Geology</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The crystalline basement rocks underlying the deposit are members of the Aphebian-age Wollaston
Domain, metasedimentary sequence, and consist of two distinct parts:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a hanging wall pelitic sequence of cordierite and graphite bearing pelitic and
psammopelitic gneiss with minor meta-arkose and calc-silicate gneisses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a sequence consisting of quartzite and silicified meta-arkose and rare pelitic gneisses.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These are unconformably overlain by flat lying, unmetamorphosed sandstones and conglomerates of the
Helikian Athabasca Group. These sediments consist of the A, B, C and D units of the Manitou Falls
Formation, and a basal conglomerate containing pebbles and cobbles of quartzite. The sandstone is
over 500 metres thick in the deposit area.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineralization</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River&#146;s mineralization is structurally controlled by a northeast-southwest trending
reverse fault (the P2 fault), which dips 40-65 degrees to the southeast. The fault has thrust a
wedge of basement rock into the overlying
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">sandstone. There is a vertical displacement of more than 80 metres at the northeast end of the
fault, which decreases to 60 metres at the southwest end.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are four zones of delineated mineral reserves (zones 1 to 4). Zones A and B have been
categorized as inferred mineral resources through surface drillholes. Parts of zones 1, 2, 3, and 4
also have mineral resources. The width of the ore varies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Zone 2 is divided into four panels (panels 1, 2, 3 and 5). Panel 5 represents the upper portion of
zone 2, overlying part of the other panels.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><IMG src="o68633o6863307.gif" alt="(MAP)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Five of the six mineralized zones are in sandstone and basement rock along the faulted edge of the
basement wedge. Zone 2 sits in structurally disrupted basement rock in a unique area of the
deposit, where a massive footwall quartzite unit lies close to the main fault zone.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although all of the rocks at McArthur River are altered to some degree, the alteration is greatest
in or near faults that are often associated with mineralization. Chloritization is common and most
intense within a metre of mineralization in the pelitic hanging wall basement rocks above the P2
fault. The predominant alteration characteristic of the sandstone is pervasive silcification, which
increases in intensity 375 metres below the surface, and continues to the unconformity. This
brittle sandstone is strongly fractured along the path of the main fault zone, resulting in poor
ground conditions and high permeability to water.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In general, the high-grade mineralization, characterized by botryoidal uraninite masses and
subhedral uraninite aggregates, constitutes the earliest phase of mineralization in the deposit.
Pyrite, chalcopyrite, and galena were also deposited during the initial mineralizing event. Later
stage, remobilized uraninite occurs as disseminations, veinlets, and fracture coatings within
chlorite breccia zones, and along the margins of silt beds in the Athabasca sandstone.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the McArthur River mine</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River is a developed mineral property with sufficient surface rights to meet future
mining operation needs for the current mineral reserves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We began construction and development of the McArthur River mine in 1997 and completed it on
schedule. Mining began in December&nbsp;1999 and commercial production on November&nbsp;1, 2000.
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our mine production comes from zone 2 panels 1, 2, 3 and 5 and the lower area of zone 4. We started
mining the lower area of zone 4 at the end of 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Permits</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We need three permits to operate the McArthur River mine:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Uranium Mine Facility Operating Licence &#151; </I>renewed in 2008 and expires on October&nbsp;31, 2013<BR>
(from the Canadian Nuclear Safety Commission (CNSC))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Approval to Operate Pollutant Control Facilities &#151; </I>renewed in 2009 and expires on October
31, 2014<BR>
(from the Saskatchewan Ministry of Environment)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Permit to Operate Waterworks &#151; </I>renewed in 2009 and expires on October&nbsp;31, 2011<BR>
(from the Saskatchewan Ministry of Environment)</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Infrastructure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Surface facilities are 550 metres above sea level. The site includes:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an underground mine with three
shafts:<BR><BR style="font-size: 6pt">
one to move workers, material and waste
rock and for fresh air ventilation, one
for mine exhaust air ventilation, and one
for fresh air ventilation and an
emergency exit</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>waste rock stockpiles</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a minewater treatment plant and ponds</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a freshwater pump house</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a powerhouse</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>electrical substations</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>standby electrical generators</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>maintenance and warehousing
facilities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>freeze plant</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a concrete batch plant</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an administration building</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an employee residence</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an ore loadout building.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Water, power and heat</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Toby Lake, which is nearby and easy to access, has enough water to satisfy all industrial and
residential water requirements. The site is connected to the provincial power grid and it has
standby generators in case there is an interruption in grid power.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River operates throughout the year despite cold winter conditions. During the winter, we
heat the fresh air necessary to ventilate the underground workings using propane-fired burners.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Employees are recruited first from communities in the area and then from major Saskatchewan
population centres, like Saskatoon.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mining method</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use a number of innovative methods and techniques to mine the McArthur River deposit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Ground freezing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The sandstone that overlays the deposit and basement rocks is water-bearing, with large volumes of
water under significant pressure. We use ground freezing to form an impermeable wall around the
area being mined. This prevents the water in the sandstone from entering the mine, and helps
stabilize weak rock formations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, we developed an innovative, cathedral-shaped freezewall around zone 2, panel 5, allowing
us to develop tunnels above and below the orebody. We expect this innovation will allow us to
continue using raisebore mining as the main mining method at McArthur River and improve production
efficiencies as we transition to other areas of the mine.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Raisebore mining</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Raisebore mining is an innovative non-entry approach that we adapted to meet the unique challenges
at McArthur River. It involves:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>drilling a series of overlapping holes through the ore zone from a raisebore chamber in
waste rock above the ore</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>collecting the broken ore at the bottom of the raises using line-of-sight remote-controlled
scoop trams, and transporting it to a grinding circuit</TD>
</TR>



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt">18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>filling each raisebore hole with concrete once it is complete</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>removing the equipment and filling the entire chamber with concrete when all the rows of
raises in a chamber are complete</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>starting the process again with the next raisebore chamber.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have successfully used the raisbore mining method to extract about 190&nbsp;million pounds (100%
basis) since we began mining in 1999.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We may also use boxhole boring and blast-hole stoping in other areas of the mine.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Boxhole boring</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Given our success with the cathedral-shaped freezewall around zone 2, panel 5, the use of boxhole
boring in our mine plan has been significantly narrowed in scope. We expect to be able to continue
using raisebore mining as our main mining method for McArthur River.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Boxhole boring is similar to the raisebore method, but the drilling machine is located below the
orebody, so development is not required above the orebody. This method is currently being used at
only a few mines around the world, but has not been used for uranium mining.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Boxhole boring poses some technical challenges. We have completed four test raises in waste, and
intend to complete four test raises in ore in 2011, however, we expect it will only be used as a
secondary method in areas where we determine raiseboring is not feasible. This method may not be as
productive as the raisebore method, however, we will have a better understanding once we have fully
developed and tested it at McArthur River. We may use it on a limited basis in 2013 to meet our
production target.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Initial processing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We carry out initial processing of the extracted ore at McArthur River:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the underground circuit grinds the ore and mixes it with water to form a slurry</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the slurry is pumped 680 metres to the surface and stored in one of four ore slurry holding
tanks</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it is blended and thickened, removing excess water</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the final slurry, which ranges in grade from 15 to 30% uranium, is pumped into transport
truck containers and shipped to Key Lake mill on an 80 kilometre all-weather road.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Contaminated water from this process, including water from underground operations, is treated on
surface. The extra water we do not need is released into the environment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Tailings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River does not have a tailings management facility because it ships the ore slurry to Key
Lake for milling.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Waste</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The waste rock piles are confined to a small footprint on the surface lease. These are separated
into three categories:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>clean rock (includes mine development waste, crushed waste, and various piles for concrete
aggregate and backfill)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mineralized waste (&#062;0.03% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>) &#151; stored on engineered lined
pads</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>waste with acid-generating potential &#151; stored on engineered lined pads.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Water inflows</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production was temporarily suspended on April&nbsp;6, 2003, as increased water inflow due to a rock fall
in a new development area (located just above the 530-metre level) began to flood portions of the
mine. We resumed mining in July&nbsp;2003 and sealed off the excess water inflow in July&nbsp;2004.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In November&nbsp;2008, there was a small water inflow in the lower zone 4 development area on the 590
metre level. We captured and controlled the inflow, and did not have to alter our mining plan. We
completed a freezewall in this area in 2010, and are now mining in the area.
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Pumping capacity and treatment limits</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our standard for this project is to secure pumping capacity of at least one and a half times the
estimated maximum sustained inflow. We review our dewatering system and requirements at least once
a year and before we begin work on any new zone. We believe we have sufficient pumping, water
treatment and surface storage capacity to handle the estimated maximum sustained inflow.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Production</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Forecast</I><B>: </B>18.7&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per year until 2018 (our share
will be 13.1&nbsp;million pounds). After that, it declines until 2034.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>2010</I><B>: </B>19.9&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> was produced by milling McArthur
River ore at Key Lake (our share was 13.9&nbsp;million pounds). Average mill metallurgical recovery was 98.5%.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, the CNSC approved an amendment to our operating licence for McArthur River, giving us
flexibility in the annual licensed production limit, similar to that received at Key Lake last
year. The McArthur River mine can produce up to 20.7&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
(100% basis) per year as long as average annual production does not exceed 18.7&nbsp;million pounds. If
production is lower than 18.7&nbsp;million pounds in any year, we can produce more in future years until
we recover the shortfall. We still have the opportunity to recover about 4&nbsp;million pounds (100%
basis) in past production shortfalls.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Recent activity</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we completed the new freezewall and brought the lower mining area of zone 4 into
production.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At McArthur River, average grade for our mineral reserves changed as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for our proven reserves: in 2010 the average grade is 17.29%, up from 15.72% in 2009</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for our probable reserves: in 2010 the average grade is 13.49%, down from 26.33% in 2009.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a consequence, the average grade for our proven and probable reserves in 2010 is 15.24%, down
from 19.53% in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The addition of 260 thousand tonnes of ore to probable reserves resulted in the average grade
decreasing in 2010. This increase of tonnes is due mostly to successful underground drilling and
conversion of lower grade inferred resources to probable reserves. Our plan to use conventional
blast-hole stoping in some areas also enabled us to convert lower grade resources to reserves. We
do not expect this reduction in grade to have a material effect on operating costs. Please see
<I>Mineral reserves and resources </I>starting on page 67 for more information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Zone 2, panel 5 &#151; We expect to develop a third raisebore chamber.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Zone 4 &#151; We will begin work to install the freezewall required to bring the upper mining
area of zone 4 into production.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our initial plan was to mine upper zone 4 using boxhole boring. We now expect, however, to use
raisebore mining in this area by applying the ground freezing experience we gained in zone 2, panel
5. By using raisebore mining, we expect to significantly improve production efficiencies compared
to boxhole boring.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key Lake mill</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Location</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In northern Saskatchewan, 570 kilometres north of Saskatoon. The site is 9 kilometres long, running
north and south, and 5 kilometres wide, running east and west. It is connected to McArthur River
by an 80 kilometre all-weather road. There is a 1.6 kilometre unpaved air strip and an air
terminal on the east edge of the site, on the surface lease.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Permits</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We need three permits to operate the Key Lake mill:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Uranium Mine Facility Operating Licence &#151; </I>renewed in 2008 and expires on October&nbsp;31, 2013
(from the CNSC)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Approval to Operate Pollutant Control Facilities &#151; </I>renewed in 2009 and expires on November
30, 2014 (from the Saskatchewan Ministry of Environment)</TD>
</TR>


</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Permit to Operate Waterworks &#151; </I>renewed in 2009 and expires on November&nbsp;30, 2014
(from the Saskatchewan Ministry of Environment)</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In June&nbsp;2009, the CNSC amended our operating licence for Key Lake, giving us flexibility in annual
licensed production. The Key Lake mill can produce up to 20.4&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per year as long as average annual production does not exceed 18.7
million pounds. If production is lower than 18.7&nbsp;million pounds in any year, we can produce more in
future years until we recover the shortfall. We still have the opportunity to recover about 4
million pounds (100% basis) in past production shortfalls. This also gives us the flexibility to
avoid having to restart the mill in cold winter temperatures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After the mill is revitalized, annual production will depend mainly on mine production. We are
continuing to plan for annual production of 18.7&nbsp;million pounds (100% basis) for the next few
years.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Supply</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our share of McArthur River ore is milled at Key Lake. We do not have a formal toll milling
agreement with the Key Lake joint venture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In June&nbsp;1999, the Key Lake joint venture (us and UEM) entered into a toll milling agreement with
Areva to process all of their share of McArthur River ore. The terms of the agreement (as amended
in January&nbsp;2001) include the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>processing is at cost, plus a toll milling fee</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Key Lake joint venture owners are responsible for decommissioning the Key Lake mill and
for certain capital costs, including the costs of any tailings management associated with
milling Areva&#146;s share of McArthur River ore.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With the UEM distribution in 2009 (see <I>History </I>on page 15 for more information), we made the
following changes to the agreement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the fees and expenses related to Areva&#146;s pro-rata share of ore produced just before the UEM
distribution (16.234% &#151; the first ore stream) have not changed. Areva is not responsible for
any capital or decommissioning costs related to the first ore stream.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the fees and expenses related to Areva&#146;s pro-rata share of ore produced as a result of the
UEM distribution (an additional 13.961% &#151; the second ore stream) have not changed. Areva&#146;s
responsibility for capital and decommissioning costs related to the second ore stream are,
however, as a Key Lake joint venture owner under the original agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Areva&#146;s termination rights are the same except for one condition: the second ore stream
must be milled at the Key Lake mill for the entire life of the McArthur River project,
regardless of Areva&#146;s termination rights.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The agreement is automatically extended for one-year periods (as of June&nbsp;1, 2009) unless Areva
terminates the agreement. It can do this as of the end of any operating year as long as it provides
six months notice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Process</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Key Lake mill uses a seven-step process:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>blend McArthur River ore with low grade mineralized material to lower the grade</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>dissolve the uranium using a leaching circuit</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>clarify the uranium in solution using a counter current decantation circuit</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>concentrate it using a solvent extraction circuit</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>precipitate it with ammonia</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>thicken, dewater and dry it</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>package it as 98% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>(yellowcake).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Waste rock</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are five large rock stockpiles at the Key Lake site:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>three contain non-mineralized waste rock. These will be decommissioned when the site is
closed.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>two contain low-grade mineralized material. These are used to lower the grade of the
McArthur River ore before it enters the milling circuit.</TD>
</TR>




</TABLE>
</DIV>
<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Treatment of effluent</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We modified Key Lake&#146;s effluent treatment process to reduce concentrations of molybdenum and
selenium discharged into the environment, as required by our operating licence. Release of both
metals to the environment is now controlled at reduced concentrations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Tailings capacity</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are two tailings management facilities at the Key Lake site:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an above-ground impoundment facility, where tailings are stored within compacted till
embankments. We have not deposited tailings here since 1996, and are looking at several
options for decommissioning this facility.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Deilmann pit, which was mined out in the 1990s. Tailings from processing McArthur River
ore are deposited in the Deilmann tailings management facility (TMF).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At current production rates, the capacity of the Deilmann TMF is five to six years, assuming only
minor losses in storage capacity because of sloughing from the pitwalls. Significant sloughing may
constrain McArthur River production.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the past, sloughing of material from the pitwalls has reduced tailings capacity. Studies show
that stabilizing and reducing water levels in the pit enhances the stability of the pitwalls, which
reduces the risk of pitwall sloughing. We have doubled our dewatering treatment capacity, allowing
us to stabilize the water level in the pit. This water level has been reduced gradually over the
past two years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, regulators approved our plan for the long-term stabilization of the Deilmann TMF pitwalls.
We are implementing the plan, and expect it will take approximately four years to complete the
work. During 2011, we expect to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the detailed design for the stabilization of the Deilmann TMF pitwalls</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>start to relocate the infrastructure necessary to allow us to flatten the slope of the
pitwalls</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>advance work on the environmental assessment for the <I>Key Lake extension project</I>.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have also assessed options for long-term storage of tailings at Key Lake. We are proceeding with
the environmental assessment to support an application for regulatory approval to deposit tailings
in the Deilmann TMF to a much higher level. Once we receive approval, we expect this would provide
enough tailings capacity for many years of mill production at Key Lake.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mill revitalization</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Key Lake mill began operating in 1983. We have a revitalization plan to maintain and increase
its annual uranium production capability to up to 25&nbsp;million pounds. Our initial work is in three
areas:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>operational upgrades <I>&#151; </I>upgrading circuits with new technology to simplify operations,
increasing annual production capacity and improving environmental performance. As part of this
plan, we are replacing the acid, steam and oxygen plants. We received regulatory approval to
proceed with these projects and work is well underway. We plan to have the replacement plants
commissioned by the end of 2011.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>treatment of effluent &#151; completed</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increase in tailings capacity &#151; see <I>Tailings capacity</I>, above.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We may make other changes to the mill, including demolishing facilities we no longer need,
depending on the results of studies.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Decommissioning and financial assurances</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2003, we prepared a <I>preliminary decommissioning plan </I>for both McArthur River and Key Lake,
which were approved by the CNSC and the Saskatchewan Ministry of the Environment. In 2008, when we
renewed our CNSC licence, we revised the accompanying <I>preliminary decommissioning cost estimates</I>.
These documents include our estimated cost for implementing the decommissioning plan and addressing
known environmental liabilities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We, along with our joint venture partner, posted letters of credit as financial assurances with the
Saskatchewan Ministry of the Environment to cover the amounts in the 2008 <I>preliminary
decommissioning cost estimates</I>
($36.1&nbsp;million for McArthur River and $120.7&nbsp;million for Key Lake).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration, drilling and estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The original McArthur River resource estimates were derived from surface diamond drilling from
1980 to 1992. In 1988 and 1989, this drilling first revealed significant uranium mineralization. By
1992, we had delineated the mineralization over 1,700 metres at between 530 to 640 metres. Data
included assay results from 42 drillholes. The very high grade found in the drillholes justified
the development of an underground exploration project in 1993.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Surface drilling</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have carried out surface drilling since 2004, to test the extension of mineralization identified
from the historical surface drillholes, to new targets along the strike, and to evaluate the P2
trend north and south of the mine. Surface drilling has been over a strike length of two
kilometres, generally at between 500 metres to 640 metres below the surface.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of December&nbsp;31, 2010, we had drilled 123 surface drillholes (both conventional and directional
drilling) for a total of over 70,000 metres along the P2 trend.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have completed preliminary drill tests of the P2 trend at 200 metre intervals over 10.7
kilometres (4.3 kilometres north and 6.4 kilometres south of the McArthur River mine site) of the
total 14.8 kilometres strike length of the P2 trend. A total of $3.5&nbsp;million (our share $2.44
million) has been budgeted in 2011 for diamond drilling to follow up on any 2010 anomalies and
continue systematic testing of the P2 trend south of the mine.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Underground drilling</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 1993, regulators approved an underground exploration program, consisting of shaft sinking,
lateral development and drilling. We completed the shaft in 1994.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have drilled more than 750 underground drillholes since 1993, over 70,000 metres, to get
detailed information along 750 metres of the surface delineation, and used this data to estimate
the mineral reserves and resources in four mineralized zones (zones 1 to 4). The drilling was from
the 530 and 640 metre levels. Data from hundreds of freezeholes and raisebore pilot holes support
the estimate. Where there were no underground drillholes (the southern part of the deposit, and in
zones A and B in the northern part of the deposit), we used surface exploration drillholes to
estimate mineral resource.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have also drilled 1,500 underground holes along more than 105,000 metres for geotechnical
information and as probe and grout covers, as well as for service, drain holes and freezeholes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Recent activity</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We initiated a multi-year project, the <I>McArthur River extension</I>, in 2010, to advance the
underground exploration drifts on the 530 metre level to the north and to the south of the current
mining operations. We expect this work to further delineate zones A and B inferred mineral
resources to the north and mineral resources to the south. We began tunneling the north exploration
drift in 2007, and the south exploration drift in 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We received regulatory approval to continue developing the north exploration drift towards zone A
and zone B. Over the next two years, we will carry out underground exploration from this drift to
expand our knowledge of the size and grade of the ore in this area.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The surface lease agreement reinstates the surface lease to its original size, which will allow us
to optimize the location for future mine workings for ongoing approved activities. We expect a
fourth shaft will be necessary for ventilation of ongoing operations and for the eventual
development of zones to the north of the current mining areas.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we will continue work on the <I>McArthur River extension </I>project, advancing the underground
exploration drift to the north of the current mining areas. We will carry out further exploration
drilling of zone B. We will begin work on a feasibility study for the zones north of our current
mining areas.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sampling and analysis</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Surface samples</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>GPS or mine site surveying instruments are used in the field to verify the location of
surface drillholes.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Holes are generally drilled every 12 to 25 metres, on sections that are 50 to 200 metres
apart. Drilled depths average 670 metres.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23</FONT>
</DIV>








<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Vertical holes generally intersect mineralization at angles of 25 to 45 degrees, resulting
in true widths being 40 to 70% of the drilled width. Angled holes usually intercept it
perpendicularly, giving true width.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All holes are radiometrically probed.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A geologist examines the surface drillhole core in the field, determines its overall
characteristics, including mineralization, logs the information, and takes samples that have
noteworthy alteration, structures and radiometric anomalies.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Basement sampling procedures depend on the length of the interval sampled, and attempts are
made to avoid having samples cross lithological boundaries.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All core with radioactivity greater than a set threshold is split and sampled for assay.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We measure the uranium grade by assaying core. Core recovery is generally considered
excellent with some local exceptions. The quality and representativeness of the surface
drillhole samples is adequate for estimating mineral resources and mine planning, but we often
validate surface drillhole results against underground drilling results in the same vicinity.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Underground samples</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Holes are drilled in stations 30 metres apart. Each station is drilled with three fans of
holes, covering 10 metres across the deposit.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Uranium grade is calculated from the adjusted radiometric probe readings. Radiometric
probing is at 0.1 metre spacing in radioactive zones and 0.5 metre spacing in unmineralized
zones. The drillhole fans give the gamma probes representative access across the entire
deposit.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For a small portion of the assay data we obtain, which we use to estimate mineral
resources, we assay core to determine the U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> content past the probe
limit of a hole, or to provide correlation samples to compare against a probed interval. In
these cases, we log the core, photograph it, and then sample it for uranium analysis. We
sample the entire interval instead of splitting the core. This provides very high-quality
samples in these areas.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Core recovery in these areas can be excellent to poor.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The quality and representativeness of the underground drillhole samples is adequate for
estimating mineral resources and mine planning.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Analysis</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We record the following for each sample:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6pt">
    <TD width="37%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="58%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; hole number, date and name
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; sample number
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; from and to intervals and
length
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; recovered length
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; range of radioactivity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; weight</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; core diameter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp; rock type, alteration, and mineralization.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We place each sample in a plastic bag and write its number on the bag. We place the bags in a metal
or plastic shipping drum, which is scanned by the radiation department and shipped to the
Saskatchewan Research Council (SRC)&nbsp;in Saskatoon for analysis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SRC personnel:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>verify the sample information</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sort the samples by radioactivity</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>dry, crush and grind them in secure facilities or in the main laboratory, if they have
minimal radioactivity</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>dilute the samples and carry out a chemical analysis</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prepare and analyse a quality control sample with each batch</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>analyse one of every 40 samples in duplicate.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Quality control</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A data and quality assurance coordinator on staff is responsible for reviewing the quality of
geochemical data received from laboratory contractors. The coordinator reviews the analyses
provided by the lab using the results of standard reference materials as a benchmark, and, together
with project geologists, determines whether it is necessary to reassay.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use several quality control measures and data verification procedures:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enter surveyed drillhole collar coordinates and hole deviations in the database, display
them in plan views and sections and visually compare them to their planned location</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>visually validate core logging information on plan views and sections, and verify it
against photographs of the core or the core itself</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>compare downhole radiometric probing results with core radioactivity and drilling depth
measurements</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>validate uranium grade based on radiometric probing with sample assay results, when
available</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>compare the information in the database against the original data, including paper logs,
deviation survey films, assay certificates and original probing data files.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since 2000, we have regularly compared information collected from production activities, such as
freezeholes, raisebore pilot holes, radiometric scanning of scoop tram buckets and mill feed
sampling, to the drillhole data.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Quality assurance and quality control for underground drillhole information focuses on ensuring
quality probing results. We do this by:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>checking the calibration of probes before using them</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>visually monitoring the radiometric measurements</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>periodically duplicating probe runs.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also compare the probing results with the core measurements, and have an experienced geologist
at the mine site or in Saskatoon visually inspect the radiometric profile of each hole. Reconciling
the model with mine production is a very good indicator that estimated grades in the block model
accurately reflect the mined grades.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sample security</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All samples collected from McArthur River are prepared and analysed under the close supervision of
a qualified geoscientist at the SRC, which is a restricted access laboratory licensed by the CNSC.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We store and ship all samples in compliance with regulations. We consider it unlikely that samples
are tampered with because of the high grade of the ore and the process used: the core is scanned
immediately after it is received at a sample preparation laboratory and grade is estimated at that
point.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Accuracy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are satisfied with the quality of data obtained from surface exploration and underground
drilling at McArthur River and consider it valid for estimating mineral resources and mineral
reserves. This is supported by the fact that, for the last five years, actual annual production has
been within 5% of our estimates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral reserve and resource estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see page 67 for our mineral reserve and resource estimates for McArthur River.
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863308.gif" alt="(MAP)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Rabbit Lake</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Rabbit Lake operation, which opened in 1975, is the longest operating uranium production
facility in North America, and the second largest uranium mill in the world.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Saskatchewan, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">25.5&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.76%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">4.0&nbsp;million pounds (indicated)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.52%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">10.2&nbsp;million pounds (inferred)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 1.26%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">vertical blast-hole stoping</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mill: maximum 16.9&nbsp;million pounds per year; currently 11&nbsp;million</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total production 1975 to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">182.5&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.8&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.6&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mine life
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2017 (based on current reserves)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$105.2&nbsp;million</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We own 100% of Rabbit Lake.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Permits</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We need three permits to operate the Rabbit Lake mining and milling complex:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Uranium Mine Operating Licence </I>from the CNSC</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Approval to Operate Pollutant Control Facilities </I>from the Saskatchewan Ministry of the Environment</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Permit to Operate Waterworks </I>from the Saskatchewan Ministry of the Environment.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These permits expire on October&nbsp;31, 2013.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Production</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2010 production was 3.8&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, the same as in 2009. We
completed a new exhaust air raise to support future activities in the northern part of the mine.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we added mineral reserves, extending the estimated mine life by two years to 2017. We
completed surface exploration drilling near the mine and found new mineralization referred to as
the Powell zone. We will continue to evaluate this through an underground drilling program planned
for 2012.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have extended our underground drilling reserve replacement program into 2011. We plan to test
and evaluate areas east and northeast of the mine where we have had good results. Drilling will
continue on other parts of the property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Tailings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the mill to have the capacity to handle tailings from milling ore from Rabbit Lake and a
portion of Cigar Lake solution until mid-2016 (based on expected ore grades and milling rates). We are
planning to expand the existing tailings management facility to increase the tailings capacity by
mid-2016 to support the extension of Rabbit Lake&#146;s mine life, accommodate tailings from processing Cigar Lake uranium solution, and
provide a modest amount of additional tailings capacity. We need regulatory approval to proceed
with any increase in capacity and will pay the capital costs. The increase in tailings capacity
will require an environmental assessment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Site reclamation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are proceeding with our multi-year, site wide reclamation plan. We spent $5&nbsp;million in 2010 to
reclaim facilities that are no longer in use, and plan to spend another $5.7&nbsp;million in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mill renewal</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have been working on upgrades to the Rabbit Lake mill and associated facilities since 2006:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2006 &#151; reduced mill effluent concentrations of uranium</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2008 &#151; replaced the mill-distributed control system and improved the mill&#146;s secondary
containment</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2009 &#151; reduced mill effluent concentrations of molybdenum and selenium</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2010 &#151; replaced the converter and heat recovery equipment in the acid plant</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2011 &#151; replacing the three acid plant towers in the acid plant, and ongoing upgrades to
mill processing equipment and tanks</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mid-2015 &#151; target for completing mill modifications to process Cigar Lake solution</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Toll milling of Cigar Lake solution</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the <I>Rabbit Lake toll milling agreement </I>(effective January&nbsp;1, 2002), we will process a portion
of uranium solution from Cigar Lake ore at the Rabbit Lake mill. This requires us to make
additional modifications to the mill. Please see page 51 for more information.
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863309.gif" alt="(MAP)">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Smith Ranch-Highland</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We operate Smith Ranch and Highland as a combined operation. Each has its own processing
facility, but the Smith Ranch mill processes all the uranium. The Highland mill is currently idle.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Together, they form the largest uranium production facility in the
United States.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="37%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="58%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Wyoming, US</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">8.0&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.09%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22.5&nbsp;million pounds (measured and indicated)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.06%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.6&nbsp;million pounds (inferred)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.05%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">in situ recovery (ISR)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mine: 2&nbsp;million pounds per year</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mill: 4&nbsp;million pounds per year including Highland mill</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total production 2002 to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">13.6&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1.8&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1.8&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$111. 5&nbsp;million (US)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We own 100% of Smith-Ranch Highland through a wholly owned subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See our 2010 MD&#038;A for more information.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">28&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863310.gif" alt="(MAP)">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Crow Butte</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Crow Butte was discovered in 1980 and began production in 1991.
It is the first uranium mine in Nebraska, and is a significant contributor to the economy of
northwest Nebraska.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nebraska, US</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.1&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.12%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">11.2&nbsp;million pounds (measured and indicated)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.21%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">5.6&nbsp;million pounds (inferred)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.11%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">in situ recovery (ISR)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1&nbsp;million pounds per year</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(mine and mill)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total production 2002 to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.8&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.7&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.7&nbsp;million pounds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$35.2&nbsp;million (US)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We own 100% of Crow Butte through a wholly-owned subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See our 2010 MD&#038;A for more information.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863311.gif" alt="(MAP)">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Inkai</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is a very significant uranium deposit, located in Kazakhstan. There are two
production areas (blocks 1
and 2) and an exploration area (block 3). The operator is
Joint Venture Inkai Limited Liability Partnership, which we jointly own (60%) with
Kazatomprom (40%).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is one of our three material uranium properties.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">central Kazakhstan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">60%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BSI OHSAS 18001</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">72.9&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.07%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">18.3&nbsp;million pounds (measured and indicated)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.08%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">153.0&nbsp;million pounds (inferred)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#151; 0.05%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">in situ recovery (ISR)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">approved in principle: 3.9&nbsp;million pounds per year</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(mine and mill)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(our share 2.3&nbsp;million pounds per year)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">application: expect to submit for 5.2&nbsp;million pounds per year</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(our share 3.1&nbsp;million pounds per year)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2.6&nbsp;million pounds (our share)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2.7&nbsp;million pounds (our share)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mine life
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20&nbsp;years (based on current reserves)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$7&nbsp;million (US)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is a Kazakhstan limited liability partnership between two companies:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco &#151; 60%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>JSC NAC KazAtomProm (Kazatomprom) &#151; 40%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(a Kazakhstan Joint Stock Company owned by the Republic of Kazakhstan)</TD>
</TR>


</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">30&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>History</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1976-78</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Deposit is discovered</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Exploration drilling continues until 1996</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1979</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Regional and local hydrogeology studies begin</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Borehole tests characterize the four aquifers within the Inkai deposit
(Uvanas, Zhalpak, Inkuduk and Mynkuduk)</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1988</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Pilot test in the northeast area of block 1 begins, lasts 495&nbsp;days and recovers 92,900
pounds of uranium</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1993</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; First Kazakhstan estimates of uranium reserves for block 1</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1996</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; First Kazakhstan estimates of uranium reserves for block 2</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Kazakhstan regulators registers Inkai, a joint venture among us, Uranerzbergbau-GmbH and
KATEP</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1997 </B>-<B>1998</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Kazatomprom is established</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; KATEP transfers all of its interest in the Inkai joint venture to Kazatomprom</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1998</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; We acquire all of Uranerzbergbau-GmbH&#146;s interest in the Inkai joint venture, increasing our
interest to 66 2/3%</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; We agree to transfer a 6 2/3% interest to Kazatomprom, reducing our holdings to a 60%
interest</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1999</B>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:17px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; Inkai receives a mining licence for block 1 and an exploration licence for blocks 2 and 3
from the government of Kazakhstan</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2000</B>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:17px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; Inkai and the government of Kazakhstan sign a subsoil use contract (called the <I>resource use
contract</I>), which covers the licences issued in 1999 (see above)</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2002</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Test mining operations at block 2 begins</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2005</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Construction of ISR commercial processing facility at block 1 begins</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2006</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Complete test mine expansion at block 2</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2007</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Sign Amendment No.1 to the resource use contract, extending the exploration period at
blocks 2 and 3</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2008</B>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:17px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; Commission front half of the main processing plant in the fourth quarter, and begin
processing solution from block 1</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2009</B>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:17px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; Sign Amendment No.2 to the resource use contract, which approves the mining licence at
block 2, extends the exploration licence for block 3 to July&nbsp;13, 2010, and requires Inkai to adopt
the new tax code and meet the Kazakhstan content thresholds for human resources, goods, works and
services</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Commission the main processing plant, and started commissioning the first satellite plant</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2010</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; Receive regulatory approval for commissioning of the main processing plant</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp; File a notice of potential commercial discovery at block 3</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:17px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; Receive approval in principle for the extension of the block 3 exploration licence for a
five-year appraisal period that expires July&nbsp;2015, and an increase in annual production from
blocks 1 and 2 to 3.9&nbsp;million pounds (100% basis)</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Technical report</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This project description is based on the project&#146;s technical report:
<I>Inkai Operation, South Kazakhstan Oblast, Republic of Kazakhstan, </I>dated March&nbsp;31, 2010 (effective
December&nbsp;31, 2009) except for some updates that reflect developments since the technical report was
published.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All conclusions, projections and estimates in this description are based on the qualifications,
assumptions and exclusions in the technical report. We recommend you read it in its entirety to
fully understand the project. You
can download a copy from SEDAR (sedar.com) or from EDGAR (sec.gov).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For information about environmental matters, see <I>Sustainable development </I>starting on page 76
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For a description of royalties payable to the government of Kazakhstan on the sale of uranium
extracted from orebodies within the country and taxes, see page 90.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The report was prepared for us in compliance with NI 43-101, under the supervision of Alain G.
Mainville, P. Geo., and Charles J. Foldenauer, P. Eng. These people are <I>qualified persons </I>within
the meaning of NI 43-101, but are not independent of us.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the Inkai property</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Location</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Inkai mine is located in the Suzak District of South Kazakhstan Oblast, Kazakhstan near the
town of Taikonur, 370 kilometres north of the city of Shymkent and 125 kilometres east of the city
of Kyzl-Orda.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Accessibility</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The road to Taikonur is the primary road for transporting people, supplies and uranium product to
and from the mine. It is a gravel road and crosses the Karatau Mountains. Railroad transportation
is available from Almaty to Shymkent, then northwest to Shieli, Kyzl-Orda and beyond. A rail line
also runs from the town of Dzhambul to a Kazatomprom facility to the south of Taikonur.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Licences</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai holds the rights to three contiguous licence blocks, blocks 1, 2 and 3, based on the licences
it has received and its <I>resource use contract </I>with the Kazakhstan government. Inkai has to meet
certain obligations to maintain these rights. See page 36 for more information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Setting</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai lies in the Betpak Dala Desert, which has an arid climate, minimal precipitation and
relatively high evaporation. The surface elevation ranges from 140 to 300 metres above mean sea
level. The average precipitation varies from 130 to 140 millimetres per year, and 22 to 40% of this
is snow.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The area also has strong and almost uninterrupted winds that travel from 3.8 to 4.6 metres per
second. The prevailing winds are northeast. Dust storms are common. The major water systems in the
area include the
Shu, Sarysu and Boktykaryn rivers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Geology</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The deposit is sub-divided into two regions: the Sandy-brackish intercontinental deltas of the Shu
and Sarysu rivers, and the Betpak Dala plateau.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The geology of south-central Kazakhstan is comprised of a large relatively flat basin of Cretaceous
to Neogene age continental clastic sedimentary rocks. The Cretaceous-Cainozoic Chu-Sarysu basin
extends for more than 1,000 kilometres from the foothills of the Tien Shan Mountains on the south
and southeast sides, and merges into the flats of the Aral Sea depression to the northwest. The
basin is up to 250 kilometres wide, bordered by the Greater Karatau Mountains on the southwest and
the Chu-Ili uplift and Central Kazakhstan uplands on the northeast. It is composed of gently
dipping to nearly flat lying fluvial-derived unconsolidated sediments composed of inter-bedded
sand, silt, and local clay horizons.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Cretaceous-Cenozoic sediments host several stacked and relatively continuous, sinuous
&#147;roll-fronts&#148;, or oxidation-reduction (redox)&nbsp;fronts hosted in the more porous and permeable sand
and silt units. There are several uranium deposits and active ISR uranium mines at these regional
oxidation roll-fronts, developed along a regional system of superimposed mineralization fronts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Inkai deposit is hosted within the Inkuduk and Mynkuduk formations, which are made up of
feldspathic sandstones or sub-arkoses, typically containing 50 to 60% quartz, 10 to 15% feldspar,
and 5 to 10% clay. The redox boundary can be readily recognised in core by a distinct colour change
from gray on the reduced side to yellowish
stains on the oxidized side, stemming from the oxidation of pyrite to limonite. In cross-section,
the redox boundary is often &#147;C&#148; shaped forming the classic &#147;roll-front&#148;. The sands have a high
horizontal permeability.
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">32&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineralization</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Seven mineralized zones have been identified on blocks 1 and 2, including three zones in the
Mynkuduk horizon and four zones in the Inkuduk horizon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineralization includes sooty pitchblende (85%) and coffinite (15%). The pitchblende occurs as
micron-sized globules and spherical aggregates. The coffinite occurs as small crystals. Both
uranium minerals are commonly associated with pyrite, and occur in pores on interstitial materials
like clay minerals, as films around and in cracks within sand grains, and as pseudomorphic
replacements of rare organic matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Most of the mineralization in block 1 is in the Mynkuduk horizon, of Turonian age, which
unconformably overlays Permian argillites. Made up of fine to medium sands with occasional layers
of clay or silt, this horizon is at a depth of 500 metres. The lower part of the Inkuduk horizon,
which sits above the Mynkuduk horizon, is also locally mineralized.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In block 2, mineralization is mainly in the Middle and Lower Inkuduk horizons, between 350 and 420
metres below the surface.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Block 3 potential commercial discovery</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Exploration work on the northern flank (block 3) of the Inkai deposit has identified extensive
mineralization hosted by several horizons in the lower and middle parts of the Upper Cretaceous
stratigraphic level and traced along 25 kilometres from block 2 of the Inkai deposit in the
southwest through to the Mynkuduk deposit in the northeast. This discovery requires further
assessment of its commercial viability. In February&nbsp;2010, Inkai filed a notice of the discovery
with regulators.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In June&nbsp;2010, Inkai received approval in principle from the relevant government authority to amend
the block 3 licence to provide for a five-year appraisal period to carry out delineation drilling,
uranium resource estimation, construction and operation of a test leach facility and to complete a
feasibility study. Inkai carried out delineation drilling through 2010 and began planning for a new
test leach facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we expect block 3 work to include continued delineation drilling, infrastructure
development, and engineering of the test leach facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Profits from block 3 production are to be shared on a 50:50 basis with our partner, instead of
based on our ownership interests.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the Inkai operation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is a developed mineral property with sufficient surface rights to meet future mining
operation needs for the current mineral reserves.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Licences</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We need a number of licences to operate the Inkai mine:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Licence Series&nbsp;AY 1370D</I>, April&nbsp;20, 1999, expires in 2024</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For uranium extraction in block 1 (16.6 square kilometres)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Licence Series&nbsp;AY 1371D</I>, April&nbsp;20, 1999</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For exploration and uranium extraction in block 2 (230 square kilometres) (expires in 2030) and
for exploration in block 3 (240 square kilometres) (expires in 2015 (based upon June&nbsp;2010 Kazakh
regulatory approval in principle))</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Other material licences</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Licence for performance of works connected with stages of life cycle of objects of use of
atomic energy</I></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(issued January&nbsp;18, 2010 by the Kazakhstan Ministry of Energy and Mineral Resources (MEMR))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Licence for operation of mining production and mineral raw material processing</I></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(issued December&nbsp;23, 2009 by the MEMR)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Licence for transportation of radioactive substances within the territory of the Republic
of Kazakhstan</I></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(issued November&nbsp;18, 2008 by the MEMR)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Licence for dealing with radioactive substances</I></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(issued August&nbsp;29, 2008 by the MEMR)</TD>
</TR>



</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These licences are all currently in force and have an indefinite term. Inkai&#146;s material
environmental permits are described on page 36.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Infrastructure</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Block 1</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Block 2</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Block 3</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;main processing plant, which
includes a product recovery drying
and packaging facility</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;
satellite processing plant that produces uranium loaded ion exchange resin</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">We are planning a test leach facility.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; administrative office, shops,
garage, laboratory, emergency
response building, low-level
radioactive waste and domestic
landfills, engineering and
construction offices</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; office, small shops, and a
food services facility</DIV><BR>

We are planning an additional satellite processing plant.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; a camp for 400 employees</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp; catering and leisure
facilities</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Water, power and heat</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Groundwater wells provide sufficient water for all planned industrial activities. Shallow wells on
site have potable water for use at the camp. The site is connected to the Kazakh power grid.
Operations continue throughout the year despite cold winters (lows of -35&#176;C) and hot summers (highs
of &#043;40&#176;C).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Taikonur has a population of about 450 people who are mainly employed in uranium development and
exploration. Whenever possible, Inkai hires personnel from Taikonur and surrounding villages.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mining method</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai uses conventional and well-established ISR technology. It has a very efficient process for
uranium recovery, developed after extensive test work and operational experience. The process
involves five major steps:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>leach the uranium in-situ with sulphuric acid-based lixiviate solution</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recover it from solution with ion exchange resin (takes place at both main and satellite
processing plants)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>precipitate it with hydrogen peroxide</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>thicken, dewater, and dry it</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>package it as U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> (yellowcake)&nbsp;in drums.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The process requires large quantities of sulphuric acid because there are relatively high levels of
carbonate in the ore. In 2007, a fire at a sulphuric acid plant in Kazakhstan, and delays in the
start-up of a new plant, restricted the availability of sulphuric acid. Allotments of sulphuric
acid to Inkai and other ISR operations in Kazakhstan were reduced. The shortage continued
throughout 2008, though it was resolved by the end of that year. Inkai received enough sulfuric
acid in 2009 and 2010 to acidify the wellfields as planned.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The supply of sulphuric acid was not an issue for Inkai in 2010. However, given the importance of
sulphuric acid to Inkai&#146;s mining operations, we continue to closely monitor its availability. Our
production may be less than forecast if there is a shortage.
</DIV>




<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="74%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top" style="border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px"><B>Production</B>
</DIV></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total mill production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Based on current mineral reserves, we expect the mine to produce a total of
103.3&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>(recovered by the mill).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average annual mill <BR>
production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The mill has the capacity to produce 5.2&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB> per year (100% basis). Regulatory approval is
required to carry out production at this annual rate. See <I>Production
increases for 2010, 2011 and 2012.</I></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There are enough mineral reserves to carry out production at this rate
through the current term of each of Inkai&#146;s mineral licences.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">34&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Production increases for 2010, 2011 and 2012</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, Inkai received approval in principle to produce 3.9&nbsp;million pounds per year (100% basis),
and is seeking final approval with an amendment to the resource use contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our 2011 and future annual production targets and mineral reserve estimates assume Inkai receives
the necessary government approvals and the support of our partner, Kazatomprom. More specifically,
Inkai must:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain final approval to produce at an annual rate of 3.9&nbsp;million pounds (our share 2.3
million pounds)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain the necessary permits and approvals to produce at an annual rate of 5.2&nbsp;million
pounds (our share 3.1&nbsp;million pounds)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ramp up production to an annual rate of 5.2&nbsp;million pounds this year.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect Inkai to receive all of the necessary permits and approvals to meet its 2011 and future
annual production targets, and we anticipate it will be able to ramp up production as noted above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no certainty, however, Inkai will receive these permits or approvals or that it will be
able to ramp up production this year. If Inkai does not, or if the permits and approvals are
delayed, Inkai may be unable to achieve its 2011 and future annual production targets and we may
have to recategorize some of Inkai&#146;s mineral reserves as resources.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Memorandum of understanding</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As part of our strategy to double annual production by 2018 to 40&nbsp;million pounds, we are working
with our partner, Kazatomprom, to implement our 2007 non-binding memorandum of understanding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The memorandum:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>targets future annual capacity of 10.4&nbsp;million pounds (our share is 5.7&nbsp;million pounds).
While the existing project ownership would not change, our share of the additional capacity
above 5.2&nbsp;million pounds would be 50%.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>contemplates studying the feasibility of building a uranium conversion facility, as well as
other potential collaborations in uranium conversion.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To implement this increase, we need a binding agreement to finalize the terms of the memorandum and
various approvals from our partner and the government. We are currently in discussions with
Kazatomprom about these initiatives. We expect our ability to double annual uranium production at
Inkai will be closely tied to the success of the uranium conversion project.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under Kazakhstan&#146;s transfer pricing law (effective January&nbsp;1, 2009), sales are based on the current
uranium spot price. Inkai has one forward uranium sales contract for a portion of its 2011
production, and it is with us.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Funding</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a loan agreement with Inkai. As of December&nbsp;31, 2010, there was:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$314&nbsp;million (US)&nbsp;of principal outstanding on the loan</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a nominal amount of accrued interest and financing fees on the loan. In 2010, Inkai paid
$49&nbsp;million (US)&nbsp;in accrued interest and financing fees.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai uses 100% of the cash available for distribution each year to pay accrued interest and
financing fees. After those amounts are paid, Inkai uses 80% of cash available for distribution
each year to repay principal outstanding on the loan until it is repaid in full. The remaining 20%
of cash available for distribution is paid to the owners.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have also agreed to advance funds for Inkai&#146;s work on block 3 until the feasibility study is
complete.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Costs and payback</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the March&nbsp;2010 technical report:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>capital costs remaining were estimated to be $359.2&nbsp;million (US). This includes $208.6
million (US)&nbsp;for wellfield development. We expect wellfield development costs to decline
gradually over the last five years of production.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>payback was forecast in 2012, on an undiscounted, after-tax basis, including all 2009 and
prior costs.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Resource use contract</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2000, Inkai and the government of Kazakhstan signed the resource use contract, which covers the
licences issued in 1999. Inkai has to meet the obligations under these licences and the resource
use contract to maintain its rights to blocks 1, 2 and 3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2007, Inkai and the relevant government authority signed Amendment No.1 to the resource use
contract to extend the exploration period at blocks 2 and 3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, Inkai and the relevant government authority signed Amendment No.2 to the resource use
contract, which:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>extends the exploration period for block 3 to July&nbsp;13, 2010</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approves mining at block 2</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>combines blocks 1 and 2 for mining and reporting purposes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>requires Inkai to adopt the new tax code that took effect January&nbsp;1, 2009</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>requires Inkai to adopt current Kazakh legal and policy requirements for subsoil users to
procure goods, works and services under certain prescribed procedures and foster greater local
content</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prescribes Kazakh employment: over the life of the resource use contract, 100% of the
workers, at least 70% of engineering and construction staff and at least 60% of the management
staff must be Kazakh.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In June&nbsp;2010, Inkai received approval in principle from the relevant government authority to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increase annual production from blocks 1 and 2 to 3.9&nbsp;million pounds</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend the block 3 licence for a five-year appraisal period to carry out delineation
drilling, mineral resource estimation, construction and operation of a test leach facility,
and to complete a feasibility study.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To complete the final stage of the approval process, Inkai subsequently submitted in draft form
Amendment No.3 to the resource use contract to the relevant government authority for approval.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Work programs</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is required to follow the work program appended to the resource use contract, which applies
to mining operations over the life of the mine. To comply with the new subsoil law, Inkai is
developing a life of mine work plan to submit to the relevant government authority for approval
(s<I>ee Project documentation </I>on page 38)<I>. </I>This work plan will need to be updated and submitted to
the relevant government authority for every change.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Prior to the new subsoil law, Inkai had to submit an annual work plan to the government authority
every year for approval.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Environment</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai has to comply with environmental requirements during all stages of the project, and develop
an environmental impact assessment for examination by a state environmental expert before making
any legal, organizational or economic decisions that could have an effect on the environment and
public health.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under Kazakhstan law, Inkai needs an environmental permit to operate. Inkai has a permit for
environmental emissions and discharges, valid until December&nbsp;2013, and an emissions permit for
drilling activities, valid until December&nbsp;2012. It also holds water permits.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Insurance</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai carries environmental insurance, as required by the resource use contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Decommissioning</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai&#146;s decommissioning obligations are largely defined by the resource use contract. It has
deposited the required contributions into a separate bank account as security to ensure it will
meet its obligations. Contributions are capped at $500,000 (US). Inkai has funded the full amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the resource use contract, Inkai must submit a plan for decommissioning the mine to the
government six months before mining activities are complete. It developed a preliminary
decommissioning plan to estimate total decommissioning costs, and updates the plan every five
years, or when there is a significant change at the operation that could affect decommissioning
estimates. The preliminary decommissioning estimate is $7&nbsp;million (US).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">36&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Groundwater is not actively restored post-mining in Kazakhstan. See page 79 for additional details.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kazakhstan government and legislation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Subsoil law</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The principal legislation governing subsoil exploration and mining activity in Kazakhstan is the
<I>Subsoil Use Law </I>dated June&nbsp;24, 2010, which took effect July&nbsp;7, 2010 (the <I>subsoil law</I>). It replaces
the <I>Law on the Subsoil and Subsoil Use</I>, dated January&nbsp;27, 1996, as amended (the <I>old law</I>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In general, Inkai&#146;s licences are governed by the version of the subsoil law that was in effect when
the licences were issued in April&nbsp;1999, and new legislation applies to Inkai only if it does not
worsen Inkai&#146;s position. Changes to legislation related to national security, among other criteria,
however, are exempt from the stabilization clause in the resource use contract. The Kazakhstan
government interprets the national security exemption broadly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The subsoil law defines the framework and procedures connected with the granting of subsoil rights,
and the regulation of the activities of subsoil users. The subsoil, including the mineral resources
it contains, belongs to the state. Resources brought to the surface belong to the subsoil user,
unless otherwise provided by contract. The state has pre-emptive and approval rights with some
exceptions (for example, for inter-group transfers), if a subsoil user transfers its subsoil rights
or if there is a transfer (direct or indirect) of an ownership interest in a subsoil user.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subsoil rights go into effect when a contract with the relevant government authority is finalized.
The subsoil user is given, among other things, the exclusive right to conduct mining operations, to
build production and social facilities, to freely dispose of its share of production and to
negotiate extensions of the contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Until March&nbsp;12, 2010, the Kazakhstan Ministry of Energy and Mineral Resources (MEMR)&nbsp;was designated
as the &#147;competent authority&#148; under the old law. The Kazakhstan Ministry of Industry and New
Technologies replaced it, and is the current competent authority under the subsoil law. We refer to
the competent authority as the <I>relevant government authority</I>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To date, the new subsoil law has not had a significant impact on Inkai. We continue to assess the
impact. Some of the general impact is described below:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Stabilization clause</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The general stability provision has been changed in the subsoil law<I>. </I>Under the old law<I>, </I>changes in
legislation that worsened the position of the subsoil user did not apply to resource use contracts
signed before the changes were adopted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the new subsoil law<I>, </I>contracts are only protected from changes in legislation if the changes
worsen the <I>commercial </I>position of the subsoil user. The subsoil law expands the list of exceptions
from stabilization to include taxation and customs regulation. These are in addition to exceptions
in the old law for defence, national security, environmental protection and health.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With the new subsoil law, the government continues to weaken its stabilization guarantee. The
government is broadly applying the national security exception to encompass security over strategic
national resources.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amendment No.&nbsp;2 to the resource use contract eliminated the tax stabilization provision that
applied to Inkai.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The resource use contract contains significantly broader stabilization provisions than the new
subsoil law, and these contract provisions currently apply to us.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Transfer of subsoil rights and pre-emptive rights</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The subsoil law strengthens the state&#146;s control over transactions involving subsoil rights and the
direct and indirect ownership interests in a subsoil user.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Like the old law, transfers of subsurface rights, transfers of shares (interests)&nbsp;in subsoil users
and the grant of security over subsurface rights require consent of the relevant government
authority. The new subsoil law expands the list of transactions that require consent and also
spells out in more detail the circumstances, documentation and information that must accompany the
request for consent. It also contains a new provision requiring notification to the relevant
government authority within five business days of completion of the transaction.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Similar to the old law, the state has a priority right on terms not worse than those offered by
other buyers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Failing to obtain the state&#146;s waiver of its pre-emptive right or the consent of the relevant
government authority or to provide the completion notification, are grounds for the state to
invalidate a transfer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Dispute resolution</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The dispute resolution procedure in the subsoil law does not specifically disallow international
arbitration. Instead it says that if a dispute related to a resource use contract cannot be
resolved by negotiation, the parties can resolve the dispute according to the laws of Kazakhstan
and international treaties ratified by the Republic of Kazakhstan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The resource use contract allows for international arbitration. We believe the subsoil law does not
affect this right.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Contract termination</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the subsoil law the relevant government authority can terminate a contract before it expires,
if a subsoil user does not fix more than two breaches of its obligations under the contract or the
project documents within a specific period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the old law<I>, </I>the relevant government authority could terminate a contract if the subsoil user
materially breached its obligations established by the contract or work program.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the resource use contract, if Inkai materially breaches its obligations, the relevant
government authority has to notify Inkai of the breach and provide a reasonable period to fix it
before it can terminate the contract<B>. </B>We believe that the terms of the resource use contract
should continue to apply unless the state seeks to apply the national security exception to
stabilization.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Local content</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subsoil users must procure goods, works and services in compliance with the subsoil law.
Procurement is carried out through a specially created register of the goods, works and services
and of the entities (producers)&nbsp;providing them. Subsoil users must give preference to local
producers, as long as the goods, works and services comply with applicable standards. The subsoil
law also allows a statutory tender commission, which oversees tender procedures, to conditionally
discount local producers&#146; bids by 20% relative to foreign bidders. This new local content provision
applies to Inkai.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Project documentation</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subsoil users who received subsoil rights before the subsoil law was introduced are required to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>develop new project documentation to be approved by July&nbsp;7, 2011</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>develop a new work program in accordance with the project documentation to be approved by
January&nbsp;7, 2012.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The subsoil law repealed the previous requirement for annual work plans. Instead, expected
exploration and/or production volumes for each year will now be set out in the new work program.
This new project documentation provision applies to Inkai.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Strategic deposits</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On August&nbsp;19, 2009, 231 blocks, including all three of Inkai&#146;s blocks, were prescribed as strategic
deposits under the Governmental Resolution <I>On Determination of the List of Subsoil (Deposit) Areas
having Strategic Importance</I>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the subsoil law, if any actions by a subsoil user relating to a strategic deposit leads to a
change in the economic interests of the state that creates a threat to national security, the
relevant government authority has the right to demand a change to a contract that will restore the
economic interests of the state. The parties have to agree on and make the change within a specific
time period, or the relevant government authority can unilaterally terminate the contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Currency control regulations</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009 specific amendments to existing currency regulations were adopted. These amendments are
aimed at preventing possible threats to the economic security and stability of the Kazakh financial
system. The President of Kazakhstan was granted the power to establish a special currency regime
that can:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">38&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require foreign currency holders to deposit a certain portion of their foreign currency interest
free with a resident Kazakhstan bank or the National Bank of Kazakhstan</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require the permission of the National Bank of Kazakhstan for currency transactions, and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>restrict overseas transfers of foreign currency.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While the special currency regime has not been imposed, it has the potential to prevent Kazakh
companies, like Inkai, from being able to pay dividends to their shareholders abroad or
repatriating any or all of its profits in foreign currency. It can also impose additional
administrative procedures, and Kazakh companies could be required to hold a portion of their
foreign currency in local banks.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration, drilling and estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We did not do any exploration drilling in blocks 1 and 2, and relied instead on historic data
to estimate mineral reserves and resources.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Historical drilling</I>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Historical drilling at Inkai included 4,898 holes in blocks 1 and 2, and 510 in block 3.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Drilling was vertical, on a grid at prescribed density of 3.2 to 1.6 kilometre line spacing
and 200 to 50 metre (3.2-1.6 kilometres x 200-50 metres) hole spacing. Additional drilling at
grids of 800-400 &#215; 200-50 metres and 200-100 x 50-25 metre grid increased the level of
geological knowledge and confidence.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Vertical holes were drilled with a triangular drill bit for use in unconsolidated
formations down to a certain depth and the rest of the holes were cored.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Volkovgeology, a subsidiary of Kazatomprom, compiled the data for block 1 of the Inkai
deposit as well as some of the data for block 2 to produce a report in 1991.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Exploration drilling</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai&#146;s geological department oversees exploration, including the strategic direction of
the drilling program and management of contractors. Inkai has retained a contractor to direct
and coordinate day-to-day drilling activities, and to ensure drilling quality, core recovery,
surveying, and geological logging, sampling and daily data processing.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There have been from three to over 20 rigs actively drilling on block 3, and anywhere from
one to four drilling contractors in the last 24&nbsp;months. This year, four contractors drilled in
January and February (15 drilling rigs), and two from March to December (10 drilling rigs).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai had drilled a total of 2,159 exploration holes in block 3 as of the end of December
2010 (510 before 2006,
45 in 2006, 90 in 2008, 456 in 2009, and 1,058 in 2010). Approximately 70% of all exploration
holes are cored through the entire mineralized interval, and have better than 70% core recovery.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Recent activity</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Invested $133.7&nbsp;million (US)&nbsp;in exploring and developing the mineral processing
infrastructure in blocks 2 and 3 during the pilot test mining period.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated block 2 mineral reserves and put them on the Kazakh state balance sheet of
mineral resources.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Drilled 1,649 exploration drillholes in block 3 between 1999 and December&nbsp;31, 2010, and
analysed more than 12,000 samples.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Focused the first phase of the drilling program on following the trends and delineated
mineralization in the Inkuduk horizons along the northwestern border, and mineralization in
the Mynkuduk along the southern border. Used a drilling grid of 800 metres x 50 to 100 metres
to form resource estimation blocks suitable for C2 Kazakhstan resources (equivalent to
<I>inferred resources</I>). At the same time, conducted exploration drilling in the central part of
the block 3 area and found mineralization traces. This area requires further delineation
drilling.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Submitted a preliminary resource estimate for the southwestern corner of the block 3 area
to government authorities on July&nbsp;10, 2010. The report was prepared for Inkai by
Volkovgeology. Under Kazakhstan regulations, if a potential commercial discovery is declared,
a preliminary resource estimate must be prepared for at least a portion of the related area to
support the claim. Kazakhstan government authorities such as the State Reserve Committee are
still reviewing the report.</TD>
</TR>


</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Drilled the southwestern part of block 3 from October to December&nbsp;2010, using progressively
tightening drilling grids (from 800 x 50 metres to 200 x 50 metres) to delineate
mineralization for the Kazakhstan C1 resource category (equivalent to <I>indicated resources</I>).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Conducted hydrogeological testing work, including aquifer pumping tests (two wall and
multiwall) at two separate sites, to establish the hydrogeological characteristics of the
aquifers hosting mineralization, and their relationship to the surrounding aquitards and other
aquifers. These characteristics are important for the ISR mining.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Results of exploration and delineation:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>traced the presence of mineralization throughout block 3 with greater certainty. There was
a significant increase in the extent of mineralization in many places, especially in the
Inkuduk horizon compared to results of predecessors, which were based on sparser historical
drilling grids.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>encountered more complex morphology of the mineralized zones, particularly in the Mynkuduk
horizon and along the southern border of block 3</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>used the mineralization delineation from 800 x 50 metre drilling grids in block 3 to form
resource estimate blocks for the Kazakhstan C2 resource category for most of the area
covered. Additional drilling is needed to close off mineralization zones and better define
their morphology and continuity.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sampling and analysis</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Sampling</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Detailed sampling procedures guide the sampling interval within the mineralization. Holes
are drilled on progressively tightening grids: 3.2 to 1.6 kilometres x 200-50 metres, 800-400
metres x 200-50 metres and 200-100 metres x 50-25 metres. When core recoveries are higher than
70% and radioactivity greater than 40 micro-roentgen per hour, core samples are taken at
irregular intervals of 0.2 to 1.2 metres. Sample intervals are also differentiated by barren
or low permeability material.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The drillholes are nearly vertical and the mineralized horizons are almost horizontal, so
the mineralized intercepts represent the true thickness of the mineralization.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai&#146;s geophysical crews survey the drillholes, logging radiometric, electrical
(spontaneous potential and resistivity), caliper and deviation data. For greater accuracy,
they collect downhole data only from open or uncased holes.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sampling is done sectionally from half of the core, which is divided along its axis and
cleared from the clay envelope. The average core sample length is 0.4 metres.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The split core is tested for grainsize and carbonate content.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Since gamma probing of the drillholes is used to estimate mineral resources, assays from
core sampling are used only when core recovery is at least 70%, for correlation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Core recovery is generally considered to be acceptable given the unconsolidated state of
the mineralized material.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Analysis</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We carried out a data verification process to validate the historic Kazakh mineral resource and
reserve estimate. This included:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>studying and coding all 1,294 drillholes on the Volkovgeology cross sections</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sampling and assaying all drillhole core that could be recovered for uranium and radium
content (and according to the drill logs, this recovery was very good)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recording the location of each sample and its assay results on the drillhole log (referred
to as a passport).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Quality control</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One of our geoscientists has witnessed core handling, logging and sampling used at the
Inkai mine and considers the methodologies to be very satisfactory and the results
representative and reliable.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Geologists with Inkai, Volkovgeology, the State Reserves Commission and Cameco, have
validated the current database a number of times. Our geologists consider it relevant and
reliable.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The findings are supported by results of the leach tests on block 2, and recent production,
drilling results and exploration drilling in block 3.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The exchange of digital drillhole information between Inkai and us is very good. All
information is available for our review.</TD>
</TR>



</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">40&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sample security</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai&#146;s current sampling process follows the strict regulations imposed by the Kazakhstan
government, and include the highest level of security measures, quality assurance and quality
control. We have not been able to locate the documents describing sample security for historic
Kazakhstan exploration on blocks 1, 2 and 3, but we believe the security measures taken to store
and ship samples were of the same high quality.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Accuracy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consider the historic Kazakhstan exploration data adequate for estimating mineral reserves and
resources, based on the 2003 and 2007 validation of Kazakhstan estimated uranium reserves for
blocks 1 and 2 (see <I>sampling and analysis</I>)<I>. </I>We consider the exploration data from Inkai&#146;s
exploration program at block 3 reliable for estimating mineral reserves and resources.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral reserve and resource estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see page 67 for our mineral reserve and resource estimates for Inkai.
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; development project</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863312.gif" alt="(MAP)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Cigar Lake</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake is the world&#146;s second largest high-grade uranium deposit, with grades that
are 100 times the world average.
We are a 50% owner and the mine operator, and expect the operation to use available
capacity at our Rabbit Lake mill.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake, which is being developed, is one of our three material uranium properties.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Saskatchewan, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">50.025%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">104.7&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#151; 17.04%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.6&nbsp;million pounds (measured and indicated)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#151; 2.27%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">66.8&nbsp;million pounds (inferred)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#151; 12.61%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">jet boring</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Target production date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mid-2013</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Target annual production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">9&nbsp;million pounds after rampup</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mine life
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">15&nbsp;years (based on current reserves)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" NOWRAP><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$27.7&nbsp;million (to the end of construction)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake is owned by a joint venture of four companies:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco &#151; 50.025% (operator)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>AREVA Resources Canada Inc. (Areva) &#151; 37.1%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Idemitsu Canada Resources Ltd. (Idemitsu) &#151; 7.875%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TEPCO Resources Inc. (TEPCO) &#151; 5.0%</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">42&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>History</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1976</B>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Canadian Kelvin Resources and Asamera Oil Corporation form an exploration joint venture,
which includes the lands that the Cigar Lake mine is being built on</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1977</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Saskatchewan Mining Development Corporation (SMDC), one of our predecessor companies,
acquires a 50% interest</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1980</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Waterbury Lake joint venture formed, includes lands now called Cigar Lake</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1981</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Deposit discovered by surface drilling &#151; it was delineated by a surface drilling program
between 1982 and 1986</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1985</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Reorganization of the Waterbury Lake joint venture &#151; Cigar Lake Mining Corporation becomes
the operator of the Cigar Lake lands and a predecessor to Areva becomes the operator of the
remaining Waterbury Lands</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;SMDC has a 50.75% interest</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" NOWRAP><DIV style="margin-left:0px; text-indent:-0px"><B>1987-1992</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Test mining, including sinking shaft 1 to 500 metres and lateral development on 420 metre,
465 metre and 480 metre levels</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>1988</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Eldorado Resources Limited merges with SMDC to form Cameco</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" NOWRAP><DIV style="margin-left:0px; text-indent:-0px"><B>1993-1997</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Canadian and Saskatchewan governments authorize the project to proceed to regulatory
licensing stage, based on recommendation of the joint federal-provincial panel after public
hearings on the project&#146;s environmental impact</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2000</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Jet boring mining system tested in waste and frozen ore</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2001</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Joint venture approves a feasibility study and detailed engineering begins in June</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2002</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Joint venture is reorganized, new joint venture agreement is signed, Rabbit Lake and JEB
toll milling agreements are signed, and we replace Cigar Lake Mining Corporation as Cigar Lake
operator</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2004</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Environmental assessment process is complete</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;CNSC issues a construction licence</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2005</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Development begins in January</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2006</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Two water inflow incidents delay development:</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:42px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;in April, shaft 2 (which is under construction) floods</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:42px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;in October, underground development areas flood</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;In November, we begin work to remediate the underground development areas</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2008</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Remediation interrupted by another inflow in August, preventing the mine from being dewatered</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2009</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Remediation of shaft 2 completed in May</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;We seal the 2008 inflow in October</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2010</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;We finish dewatering the underground development areas in February, and establish safe
access to the 480 metre level, the main working level of the mine</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-17px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;We substantially complete cleanup, inspection, assessment and securing of underground
development and resume underground development in the south end of the mine</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Technical report</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This project description is based on the project&#146;s technical report: <I>Cigar Lake Project,
Northern Saskatchewan, Canada, </I>dated March&nbsp;31, 2010 (effective December&nbsp;31, 2009) except for some
updates that reflect developments since the technical report was published.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All conclusions, projections and estimates in this description are based on the qualifications,
assumptions and exclusions in the technical report. We recommend you read it in its entirety to
fully understand the project. You can download a copy from SEDAR (sedar.com) or from EDGAR
(sec.gov).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The report was prepared for us in compliance with NI 43-101, by or under the supervision of C.
Scott Bishop, P. Eng, Grant J.H. Goddard, P. Eng., Alain G. Mainville, P. Geo, and Lorne D.
Schwartz, P. Eng. They are all <I>qualified persons </I>within the meaning of NI 43-101, but are not
independent of us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For information about uranium sales see pages 10 and 11, environmental matters see
<I>Sustainable development </I>starting on page 76, and taxes see page 90.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For a description of royalties payable to the province of Saskatchewan on the sale of uranium
extracted from orebodies within the province, see page 89.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Later this year, we plan to issue a new technical report for Cigar Lake. In the report, we will
update the Cigar Lake capital cost estimate and certain other estimates, such as our production
forecast, to reflect developments since the issuance of the March&nbsp;2010 technical report, including
our decision to proceed with the surface freeze strategy.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the property</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Location</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Near Waterbury Lake, 660 kilometres north of Saskatoon. The mine site is four kilometres long,
running north to south and six kilometres wide, running east and west.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Accessibility</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Access to the property is by an all-weather road and by air. Supplies are transported by truck from
Saskatoon and elsewhere. There is an unpaved airstrip and air terminal east of the mine site.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saskatoon, a major population centre south of the Cigar Lake deposit, has highway and air links to
the rest of North America.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Leases</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Surface lease</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We acquired the right to use and occupy the lands necessary to mine the deposit under a surface
lease agreement with the province of Saskatchewan. The lease covers 984 hectares and expires in May
2037.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are required to report annually on the status of the environment, land development and progress
on northern employment and business development.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are in discussions with the province to increase the number of hectares the lease covers. The
increase is necessary to implement the proposed discharge of treated effluent to Seru Bay at nearby
Waterbury Lake (see
page 53).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Cigar Lake airstrip is under a separate surface lease with the province. The lease covers a
total of 17.2 hectares. It expires in May&nbsp;2028.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mineral lease</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have the right to mine the deposit under ML-5521, granted to us by the province of Saskatchewan.
The lease covers 308 hectares and expires December&nbsp;1, 2011. We have the right to renew the lease
for further 10-year terms.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mineral claims</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A mineral claim gives us the right to explore for minerals and to apply for a mineral lease. There
are 25 mineral claims (Nos. S-106540 to 106564), totalling 92,740 hectares, adjoining the mineral
lease and surrounding the site. We have title to all of these claims until 2022.
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">44&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Climate</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The climate is typical of the continental sub-arctic region of northern Saskatchewan. Summers are
short and cool even though daily temperatures can sometimes reach above 30&#176;C. The mean daily
temperature for the coldest month is below -20&#176;C, and winter daily temperatures can reach below
- -40&#176;C.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Setting</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The deposit is 40 kilometres inside the eastern edge of the Athabasca basin in northern
Saskatchewan. The topography and environment are typical of the taiga forested lands in the
Athabasca basin. This area is covered with 30 to 50 metres of overburden. Vegetation is dominated
by black spruce and jack pine. There is a lake above the portion of the deposit that has inferred
resources.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Geology</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The deposit is at the unconformity contact between rock of the Athabasca Group and underlying lower
Proterozoic Wollaston Group metasedimentary rocks. The Key Lake, McClean Lake and Collins Bay
deposits all have a similar structural setting. While Cigar Lake shares many similarities with
these deposits (general structural setting, mineralogy, geochemistry, host rock association and the
age of the mineralization), it is distinguished from other similar deposits by its size, very high
grade, and the high degree of clay alteration.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake&#146;s geological setting is similar to McArthur River&#146;s: the sandstone that overlays the
deposit and basement rocks is water-bearing, with large volumes of water at significant pressure.
Unlike McArthur River, however, the deposit lays flat.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineralization</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Cigar Lake deposit is 1,950 metres long, 20 to 100 metres wide, and ranges up to 12 metres
thick, with an average thickness of 4.9 metres. It occurs at depths ranging between 410 to 450
metres below the surface.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The deposit has three distinct styles of mineralization:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>high-grade mineralization at the unconformity</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fracture controlled, vein-like mineralization higher up in the sandstone</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fracture controlled, vein-like mineralization in the basement rock.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Most of the uranium metal is in the high-grade mineralization, which has massive clays and
high-grade uranium concentrations. It is economically viable, considering the available mining
methods and ground conditions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The deposit consists mainly of three dominant rock and mineral facies in varying proportions:
quartz, clay (primarily chlorite with lesser illite) and metallic minerals (oxides, arsenides,
sulphides). In the eastern part of the deposit, the ore is 50% clay matrix, 20% quartz and 30%
metallic minerals, visually estimated by volume, overlain by a very weak mineralized clay cap one
to five metres thick. In the lower-grade western part of the deposit, the proportion changes to 20%
clay, 60% quartz and 20% metallic minerals.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the operation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake is a development project with sufficient surface rights (subject to a requested
increase receiving regulatory approvals) to meet future mining operation needs for the current
mineral reserves.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Permits</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see page 52 for more information about regulatory approvals for Cigar Lake.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Infrastructure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The surface facilities are 490 metres above sea level. The site includes:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an underground mine with one shaft constructed and one shaft under construction</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>waste rock stockpile</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ore slurry load out building</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>contingency ponds</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>water treatment ponds</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>water treatment plant</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>construction camp</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>freeze plant</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sewage lagoon</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an employee residence.</TD>
</TR>

</TABLE>
</DIV>




<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except for the increase described on page 44, the current surface lease is sufficient to
accommodate personnel, access to water, airport, site roads and other necessary buildings and
infrastructure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The underground workings are confined to a small portion of the area of the mineral lease, where
initial test mining was concentrated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Water, power and heat</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Waterbury Lake, which is nearby, provides water for the industrial activities and the camp. The
site is connected to the provincial electricity grid, and it has standby generators in case there
is an interruption in grid power.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake operates throughout the year despite cold winter conditions. During the winter, we use
propane-fired burners to heat the fresh air necessary to ventilate the underground workings.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Employees are recruited first from communities in the area and then from major Saskatchewan
population centres, like Saskatoon.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mining method</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will use a number of innovative methods and techniques to mine the Cigar Lake deposit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6863313.gif" alt="(GRAPHIC)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Bulk freezing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The sandstone that overlays the deposit and basement rocks is water-bearing, with large volumes of
water under significant pressure. We will freeze the ore zone and surrounding rock in the area to
be mined, to prevent water from entering the mine and to help stabilize weak rock formations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the past, bulk freezing has been done from underground. In 2010, however, we tested and began to
implement an innovative surface freeze strategy, which we expect will provide the following
benefits:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reduce risk to the production schedule by advancing the availability of frozen ground and
simplifying construction activities underground by moving some of the related freezing
infrastructure to surface</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>move up to 10&nbsp;million pounds forward in the production schedule</TD>
</TR>


</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">46&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>improve mining costs and economics of the project.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the capital cost for surface freezing will be $80 to $85&nbsp;million (100% basis). Our plan
is to use a hybrid freezing approach. We will use surface freezing to shorten the rampup period and
underground freezing for the longer term development of the mine.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Jet boring</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After many years of test mining, we selected jet boring, a non-entry mining method, which we have
developed and adapted specifically for this deposit. This method is new to the uranium mining
industry. Overall, our initial test program was a success and met all initial objectives. This
method, however, has not been proven at full production. As we ramp up production, there may be
some technical challenges, which could affect our production plans.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Jet boring involves cutting cavities with a diameter of 4.5 metres out of the frozen ore using a
high pressure water jet. This is a non-entry method, which means mining is carried out from
headings in the basement rock below, so employees are not exposed to the orebody.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This mining approach is highly effective at managing the radiation levels workers are exposed to.
Combined with ground freezing and cutting collection systems, jet boring reduces radiation exposure
to acceptable levels that are below regulatory limits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We plan to procure additional equipment for the jet boring system in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Processing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake ore slurry will be processed in two steps:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>High density ore slurry </I>&#151; The ore slurry produced by the jet boring mining system will be pumped
to Cigar Lake&#146;s underground crushing and grinding facility. The resulting finely ground, high
density ore slurry will be pumped to surface storage tanks, thickened and loaded into truck mounted
containers like the ones we use at McArthur River.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Processing </I>&#151; The containers of ore slurry will be trucked initially to Areva&#146;s McClean Lake JEB
mill, 70 kilometres to the northeast. After production ramps up to planned full capacity, the JEB
mill will ship a portion of the uranium solution to the Rabbit Lake mill for processing. These
arrangements are described in two tolling mill agreements (see page 51).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Tailings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake site will not have a tailings management facility. The ore will be processed at the
McClean Lake JEB and Rabbit Lake mills.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Waste</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The waste rock piles are separated into three categories:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>clean rock (two piles) &#151; will remain on the minesite</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mineralized waste (&#062;0.03% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>) &#151; will be disposed of underground
at the Cigar Lake mine. We have not identified any mineralized waste in development to date.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>waste with acid-generating potential &#151; temporarily stored on engineered lined pads. It
will be transported to the McClean Lake facility for permanent disposal.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Water discharged from the mine is currently treated and released to Aline Creek. We have applied
for approval to change the discharge location to Seru Bay (see page 53).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Production</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We updated the mining plan after the two mine in-flows, and expect production to start in mid-2013.
The plan is designed to extract all of the current mineral reserves. The following is a general
summary of the production schedule guideline and parameters:
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="74%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total mill production
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;206.1&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, based on an
overall milling recovery of 98.5%</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;18&nbsp;million pounds per year after a three-year ramp-up
(less than this in the early and late years of the current mineral reserve life)</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total mine production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;557,000 thousand tonnes of
ore</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average annual mine <BR>
production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;100 to 140 tonnes per day during peak production, depending on
ore grade</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average mill feed grade
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;17% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align:text-bottom">8</SUB></DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To meet our production schedule, the ground has to be fully frozen in the area being mined before
we start jet boring mining.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have divided the orebody into production panels, and will have one jet boring mining unit
operating in a panel. At least four production panels need to be frozen at one time to achieve the full production rate
of 18&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our base case production schedule assumed all ground freezing was done from underground. We are,
however, implementing a surface freeze strategy, which is described on page 46.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Payback</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the March&nbsp;2010 technical report, we estimated payback, on an undiscounted pre-tax basis, in
2017. This did not include all 2009 and prior costs.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Costs</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the March&nbsp;2010 technical report, we estimated our share of costs as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="74%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Capital
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$912&nbsp;million in capital for Cigar Lake</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;$405&nbsp;million already spent on construction and mill modification, <I>plus</I></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;$507&nbsp;million still to come </DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sustaining capital
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$226&nbsp;million</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-18px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;for Cigar Lake and Rabbit Lake (not including the cost to increase the taililngs capacity at Rabbit Lake.
Please see page 27 for details.)<FONT style="font-family: Symbol">&#032;</FONT></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Remediation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$93&nbsp;million</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;$64&nbsp;million already spent and expensed (2006 to 2009), <I>plus</I></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;$29&nbsp;million still to come</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The above capital cost estimate does not include our share of the estimated cost of $80 to $85
million to proceed with our surface freeze strategy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of December&nbsp;31, 2010, we had:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>invested $492&nbsp;million for our share of the construction costs to develop Cigar Lake</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>invested $262&nbsp;million related to test mining and infrastructure development (prior to our
2005 development decision)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expensed $81&nbsp;million in remediation expenses, including $17&nbsp;million in 2010.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will update our estimated share of the Cigar Lake costs and other estimates, such as payback and
our production schedule, when we issue a new technical report for Cigar Lake, which is planned for
later in the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Forecasts of costs, production, mine life and payback are forward-looking information, and are
based specifically on the assumptions and risks listed below, and the assumptions and the material
risks discussed on page 2.
</DIV>





<P align="left" style="font-size: 10pt"><!-- Folio -->48&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Assumptions</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>natural phenomena, an equipment failure or other causes do not result in a material delay
or disruption of our plans</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are no additional water inflows</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the seals or plugs used for previous water inflows do not fail</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are no labour disputes or shortages</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we obtain contractors, equipment, operating parts, supplies, regulatory permits and
approvals when we need them</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mine plans are achieved, our processing plants are available and function as designed,
sufficient tailings capacity is available and our mineral reserve estimates are accurate</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Material risks</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an unexpected geological, hydrological or underground condition, such as an additional
water inflow, further delays our progress</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we cannot obtain or maintain the necessary regulatory permits or approvals</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>natural phenomena, labour disputes, equipment failure, delay in obtaining the required
contractors, equipment, operating parts or supplies, or other reasons cause a material delay
or disruption in our plans</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mining plans change or do not succeed, our processing plants are not available or do
not function as designed, sufficient tailings capacity is not available and our mineral
reserve estimates are not accurate</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Assurance of success program</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We adopted an <I>assurance of success </I>program for Cigar Lake that uses risk-based quality assurance
planning. This involves carrying out a thorough assessment of the risks of all principal processes
before implementation, with a goal of making sure we understand all risks, have measures in place
to mitigate them, and alternatives to address all risks that cannot be fully mitigated. As the
project is developed, we systematically monitor and evaluate any changes or conditions that we did
not anticipate in our original plan, assess the new risks, and then update the plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reclamation and financial assurances</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2002, our <I>preliminary decommissioning plan </I>for Cigar Lake was approved by the CNSC and the
Saskatchewan Ministry of Environment. We revised this plan and the accompanying <I>preliminary
decommissioning cost estimate </I>when we renewed our federal licence in 2008. These documents include
our estimated decommissioning costs up to the end of the construction of the mining facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We, along with our joint venture partners, posted letters of credit as financial assurances with
the Saskatchewan Ministry of Environment in the amount of $27.7&nbsp;million, to cover these costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Once mining begins, we will review the plan and cost estimate and update them to account for
changes in our decommissioning liabilities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The reclamation and remediation activities associated with waste rock and tailings at the McClean
Lake and Rabbit Lake facilities are covered by the plans and cost estimates for each of those facilities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Water inflow and mine rehabilitation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>April&nbsp;5, 2006 inflow</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A faulty valve assembly on a grouting standpipe at the base of shaft 2 caused a water
inflow. The shaft flooded and we stopped all activities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Flooding did not go beyond the shaft because it was under construction and not connected to
the mine.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We finished dewatering and completed remediating the shaft in the first half of 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We prepared the ground around the shaft in 2010 for freezing in preparation to resume shaft
sinking.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>October&nbsp;23, 2006 inflow</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A rock fall caused a significant water inflow that flooded the mine. We stopped all
underground activities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We developed, and began to carry out, a multi-phase remediation plan to restore the
underground workings. As we carried out the plan, it was refined.</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We drilled holes from the surface to the source of the inflow, and to a nearby tunnel that
had to be reinforced. We pumped concrete and grout through the drillholes to seal off the
inflow, and then drilled dewatering holes and began dewatering the mine in July&nbsp;2008.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>August&nbsp;12, 2008 inflow</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We dewatered shaft 1, which was connected to the flooded mine, down to 430 metres below the
surface.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We observed an increase in the rate of water inflow and temporarily suspended remediation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We later identified the source of the increase to be a fissure in a tunnel on the 420 metre
level.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We sealed the inflow in October&nbsp;2009 by placing an inflatable seal between the shaft and
the source of the inflow and filling the area behind the seal with concrete and grout.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Crews entered shaft 1 in November&nbsp;2009 and began refurbishing the shaft, installing the
ladderway, replacing mechanical and electrical components and extending the in-shaft pumping
system.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We finished dewatering in February&nbsp;2010 and established safe access to the 480 metre level,
the main working level of the mine.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By the end of the 2010, we had:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>substantially completed our cleanup, inspection and assessment, and secured the
underground development areas</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>begun to restore the underground mine systems and infrastructure to prepare them for
construction</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>made progress on remediating the underground brine handling system to support freezing
the orebody
and shaft 2</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increased the installed pumping capacity</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>re-established the permanent refuge stations and communications</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>resumed underground development in the south end of the mine</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>backfilled the 465 metre level, which has been abandoned because it is no longer part of
our mine plan</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>installed a permanent bulkhead and filled the entire 420 metre level with concrete
backfill. This level was abandoned because it is no longer part of our mine plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Rehabilitating the mine</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Remaining underground work includes completing specific areas of mine remediation, sinking shaft 2,
completing the brine system freezing infrastructure, an ore freezing program, an underground ore
extraction system and an ore processing circuit, and mine development.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Securing the mine</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This work is substantially complete. It involves inspecting the mine and completing any additional
remedial work to protect it from an inflow or significant ground failure (for example, determining
if additional reinforcement is required in higher risk areas). The objective is to complete the
work to secure the mine in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Rehabilitating the underground</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will rehabilitate the remaining lower priority areas of the mine (including 480 and 500 metre
levels) and re-establish the full mine ventilation circuits. This will include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>re-establishing the underground orebody freezing program. We also are implementing our
surface freeze strategy to accelerate our plans to mine the orebody.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>completing the shaft 2 freezing program</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>preparing areas for construction and development.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Construction</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Once the mine is secured, the underground rehabilitation program has progressed significantly and
regulatory requirements are met, we will resume underground construction.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Completing shaft 2</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We plan to complete shaft 2 by 2012, taking the following steps:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>refurbishing the main areas of the underground mine</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sinking the shaft from the current shaft bottom (392 metres) to its final depth of 500
metres &#151; to be completed in 2011</TD>
</TR>

</TABLE>
</DIV>
<P align="left" style="font-size: 10pt"><!-- Folio -->50&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>installing a hydrostatic liner from the 392 metre to the 480 metre level</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>establishing a shaft station at the 480 metre level</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>installing shaft furnishings in the fresh air compartment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Increase pumping capacity</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we increased our pumping capacity to meet our standard for this project, which is to
secure pumping capacity of at least one and a half times the estimated maximum inflow.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We believe we have sufficient pumping, water treatment and surface storage capacity to handle the
estimated maximum inflow.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, we received interim approval to release up to 1,100 m<SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP>/hr of treated water in
non-routine circumstances, to accommodate remediation activities in the mine while the Cigar Lake
water management project environmental assessment process is advancing. We will be working to
obtain approval of this environmental assessment in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Surface construction</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We completed several surface facilities by the end of 2010. Surface construction at Cigar Lake is
50% complete. Important surface construction still remaining includes the Waterbury Centre (new
administration/services building), the Seru Bay pipeline, surface ore process facilities,
completing the new propane tank farm, 138 kilovolt electrical substation expansion and a permanent
camp expansion.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Capital construction</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The capital construction project was 60% complete just before the inflow on October&nbsp;23, 2006, based
on the previous mine design. We now estimate that the underground development necessary to start
production is 50% complete, based on the revised mine plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Toll milling agreements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Milling the slurry from the Cigar Lake mine is a two-step process:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>processing the ore slurry into JEB uranium solution</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>processing the JEB uranium solution into uranium concentrates.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McClean Lake and Rabbit Lake mills will carry out this work according to the terms of two toll
milling agreements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>McClean Lake JEB toll milling agreement</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The McClean Lake joint venture has agreed to process Cigar Lake&#146;s ore slurry at its McClean Lake
JEB mill, according to the terms in its agreement with the Cigar Lake joint venture: <I>JEB toll
milling agreement </I>(effective January&nbsp;1, 2002).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Cigar Lake joint venture will pay toll milling charges as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>its share of milling expenses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a toll milling fee based on the type of ore being processed (phase 1(a), phase 1(b) or
phase 2).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In certain circumstances, the Cigar Lake joint venture may also be required to pay standby costs.
Standby costs of $12&nbsp;million were paid in 2010 with the JEB mill placed in a care and maintenance
mode in July&nbsp;2010. We estimate further standby costs to be $35&nbsp;million. These costs will be
expensed as incurred, and are not included in the project&#146;s capital cost.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under this agreement, the McClean Lake joint venture is required to modify the JEB mill. It has
almost completed the modifications necessary for processing the slurry. We expect it will complete
the rest of the modifications in 2013, except for the construction of the uranium solution loading
facility, which we expect it will complete in 2015.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The McClean Lake joint venture is responsible for all costs of decommissioning the JEB mill. As
well, the joint venture is responsible for the liabilities associated with tailings produced from
processing Cigar Lake ore at the JEB mill.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Rabbit Lake toll milling agreement</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have agreed to process a portion of the JEB uranium solution at our Rabbit Lake mill, according
to the terms in our <I>Rabbit Lake toll milling agreement </I>with Cigar Lake joint venture (effective
January&nbsp;1, 2002).
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Cigar Lake joint venture will pay toll milling charges as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>its share of milling expenses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a toll milling fee based on the type of ore being processed (phase 1(a), phase 1(b)).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In certain circumstances, the Cigar Lake joint venture may also be required to pay us standby
costs. At the moment, we do not expect any to be payable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under this agreement, we are required to modify the Rabbit Lake mill, and have set the following
target dates:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2011 &#151; begin detailed study of Rabbit Lake mill modifications</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2012 &#151; begin detailed design of mill modifications</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2014 &#151; complete required transportation infrastructure</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2015 &#151; complete a uranium solution receiving station and associated handling equipment.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to pay the majority of the modification costs, either in our capacity as mill owner or as
50.025% Cigar Lake joint venture participant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are responsible for all costs of decommissioning the Rabbit Lake mill, and for the liabilities
associated with tailings produced from processing JEB uranium solution at the Rabbit Lake mill.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Division of work</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The work will be divided between the two mills based on phases.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Phase 1 ore &#151; Cigar Lake&#146;s current mineral reserves</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Processing the ore slurry from Cigar Lake into JEB uranium solution</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The McClean Lake mill will process 100%.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Processing the JEB uranium solution into uranium concentrates</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The McClean Lake mill will process 100% of the JEB uranium solution until the later of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the end of the initial rampup period of 730&nbsp;days (the period starts after the testing and
commissioning)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the day it finishes processing over 2.5&nbsp;million pounds of uranium concentrates over a
period of three consecutive months.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After that, Cigar Lake processing of JEB uranium solution into uranium concentrates will be
allocated between the McClean Lake and Rabbit Lake mills based on the following categories:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="56%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Category</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Percent of JEB uranium solution processed</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Phase 1 (a)&nbsp;ore </B><br>
the first 160&nbsp;million pounds of
uranium concentrates produced by
McClean Lake
and Rabbit Lake (in total)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">McClean Lake &#151; at least 42.7%<br>
Rabbit Lake &#151; up to 57.3%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Phase 1(b) ore </B><br>
the rest of the phase 1 ore
(47&nbsp;million pounds)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">McClean Lake &#151; 50%<br>
Rabbit Lake &#151; 50%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Phase 2 ore &#151; Cigar Lake&#146;s current inferred mineral resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McClean Lake will process 100%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The inferred mineral resources have been evaluated from a preliminary perspective only. Further
drilling and mining studies are needed before these resources can be fully evaluated and a decision
made whether to proceed to mine them.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Regulatory approvals</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Environmental assessment</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 1995, the <I>Cigar Lake Project, Environmental Impact Statement </I>was submitted to the Joint
Federal-Provincial review panel on Uranium Mining Developments in Northern Saskatchewan.</TD>
</TR>

</TABLE>
</DIV>
<P align="left" style="font-size: 10pt"><!-- Folio -->52&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 1997, the panel recommended that the project should proceed, pending identification of a
suitable waste rock disposal location.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Canadian and Saskatchewan governments both accepted the panel&#146;s recommendation and in
1998 both government bodies approved the project in principle.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In February&nbsp;2004, we submitted an environmental assessment study report for the Cigar Lake
mine plan. The CNSC agreed that this report met the requirements
of the  <I>Canadian Environment
Assessment Act </I>and approved proceeding with the licensing and permitting process.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Construction licence</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CNSC issued a construction licence in December&nbsp;2004.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With water inflows in 2006 and 2008, the CNSC has twice extended the licence term. It now
expires on December&nbsp;31, 2013. The second extension was provided to give us time to complete mine
construction, including remediation, sinking shaft 2 and surface construction.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As part of our construction licence, we need additional regulatory approvals to complete
remediation and resume pre-flood underground construction and development activities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The licence also contains a condition that the revised mine plan requires regulatory
approval. We are working to obtain this approval in 2011.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Operating licence</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While we are completing mine construction, we will be preparing an operating licence application
for submission to the CNSC. This licencing process can proceed while construction is being
completed.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Processing licences</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An amendment is required to the McClean Lake JEB mill licence to process Cigar Lake ore at
the McClean Lake JEB mill. We do not anticipate any issues with the licence amendment. In
1997, the environmental impact statement for this processing was approved.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In August&nbsp;2008, we completed the environmental assessment process for processing the Cigar
Lake solution at the Rabbit Lake mill. See page 27 for more information.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With extensions to the Rabbit Lake mine life, we are planning to expand Rabbit Lake
tailings capacity. Regulatory approval is required.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An amendment is required to the Rabbit Lake mill licence to process Cigar Lake uranium
solution at the Rabbit Lake mill. We do not anticipate any issues with the licence amendment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Water treatment/effluent discharge system</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We designed the Cigar Lake system for both routine and non-routine water treatment and
effluent discharge, and it has been approved and licensed by the CNSC and the Saskatchewan
Ministry of Environment.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We want to manage the potentially higher water inflow we may see during construction and
operations by building infrastructure that will allow us to discharge treated water directly
to Seru Bay of Waterbury Lake. Our application in 2008 to the CNSC in respect of this
infrastructure has triggered a joint federal and provincial environmental assessment screening
under the <I>Canadian Environment Assessment Act, </I>which is underway. We anticipate an assessment
decision in 2011, and have interim approvals and measures in place to increase discharge to
the Aline Creek system if we need to.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration, drilling and estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Cigar Lake uranium deposit was discovered in 1981 by surface exploration drilling.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We focus most of our exploration activities on mineral lease ML-5521. Areva is responsible for
exploration activity on the 25 surrounding claims, which is minimal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The data from the exploration program on the 25 mineral claims is not part of the database used for
the estimate of the mineral resources and mineral reserves at Cigar Lake.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Surface drilling &#151; mineral lease</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A total of 319 surface holes have been drilled over 132,084 metres. 141 of these were drilled
within the known
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">deposit limits and intersected minimum composite intervals with grade times
thickness (GT)&nbsp;value greater than 3.0 metre % U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, equivalent to 2.5 metres
at 1.2% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">1982 &#151; 1986
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A major surface drilling program delineated the deposit</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1987 &#151; 2002
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Drilling for geotechnical and infill holes</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2007 &#151; 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">51 holes drilled for various geotechnical and geophysical programs</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">35 holes drilled over Phase 1 of the deposit and 6 holes drilled over Phase 2 of the deposit</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Surface drilling &#151; mineral claims</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2006, exploration drilling confirmed the existence of unconformity style mineralization outside
the mineral lease, 650 metres east of Phase 1 mineralization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since then, additional exploration in the area delineated a mineralized zone 210 metres in strike
length and 30 metres in across-strike length.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Underground drilling</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Diamond drilling from underground was mainly to determine the rock mass characteristics of both ore
and waste rock before development and mining.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">1989 &#151; 2006
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">132 underground diamond drillholes were drilled, over 11,108 metres. Only 10 of these
intersected the orebody.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A total of 347 freeze and temperature monitoring holes were drilled from the underground
workings during the construction phase. 150 of these were gamma surveyed by radiometric
probing.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Due to the drilling method for freeze holes, no core is available for assays. Uranium
content is estimated by radiometric probing of the holes.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">We plan to drill several core holes and use them for calibration, to reconfirm the current
conversion factors for estimating uranium grade from the freezehole radiometrics.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2007 &#151; 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There was no underground drilling because of flooding.</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
34 holes were drilled underground totalling 2,833 metres.
None intersected the orebody.
</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
6 of the 34 holes were drilled from inside Shaft 2, in advance of the top seal grout cover.
</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
22 holes were drilled from the 480 metre level and the remaining 6 holes were drilled from
the 500 metre level.</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sampling and analysis</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Sampling</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the early stages of exploration drilling, sampling intervals were of various lengths, up to 50
centimetres, based on geological differences in the character of the mineralization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Starting in 1983,
sampling intervals were fixed at a standard interval of 50 centimetres. All sample
results have since been normalized at 50 centimetres for estimating mineral resources.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Vertical surface drillholes generally represented the true thickness of the zone since the
mineralization is flat.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Samples were drawn from two phases of the deposit:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Phase 1 &#151; the eastern part (700 metres long by 150 metres wide)
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>nominal drillhole fence spacing was 50 metres east-west by 20 metres north-south</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>wedge drilling from primary holes generated intersections at 10 metres along three of the
fences</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>two infill fences were drilled at 25 metres apart, with holes at nominally 20 metres along
the fences</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>five holes were drilled at 25 metres apart, along the central east-west axis of the eastern
zone</TD>
</TR>

</TABLE>
</DIV>
<P align="left" style="font-size: 10pt"><!-- Folio -->54&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Phase 2 &#151; the western part (1,200 metres long by 100 metres wide)
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>nominal drillhole fence spacing was 200 metres east-west by 20 metres north-south</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Two additional 50 centimetre samples were taken from the upper and lower contacts of the
mineralized zone, to ensure that the zone was fully sampled at the 1,000 parts per million (0.1%)
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> cut-off.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All holes were core drilled and gamma probed. In-hole gamma surveys and hand held scintillometer
surveys guided sampling of core for assay purposes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Analysis</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>More than 4,400 samples were assayed from surface and underground drilling.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Starting in 1983, all drilling and sample procedures were standardized and documented. This
gives us a high degree of confidence in the accuracy and reliability of results of all phases
of the work.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The entire core from each sample interval was taken for assay, except for some of the
earliest sampling in 1981 and 1982. This reduced the sample bias inherent when splitting core.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Underground drillholes were sampled and gamma probed to the same standards as the surface
drillholes.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Most of the underground drillholes were rotary holes for ground freezing, however, so no
core was recovered. For these holes, we will rely on radiometric assays to determine grade to
be used in future mineral resource and mineral reserve estimations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Chemical assays were used to determine grade in mineralized rock.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Core recovery through the ore zone has generally been very good. Where necessary, uranium
grade determination is supplemented by radiometric probing results.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To estimate mineral resources and reserves when core recovery was less than 100%, the
assayed value was assumed to be representative of the whole interval. Of the 2,612 assayed
samples for Phase 1 mineralization, only 48 samples had recoveries of less than 75%.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sample composites were calculated by taking the weighted average for the mineralized
intercept in each drillhole using a 1.0% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> cut-off grade.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="28%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Width</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Assay</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Density</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;largest 11.5 metres
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;highest 82.9% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;highest 8.44 g/cm<SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;smallest 0.5 metres
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;lowest 0.0% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;lowest 1.27 g/cm<SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;average 5 metres</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Quality control</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The quality assurance and quality control procedures were typical for the time. The original
database was compiled by previous operators, and used to estimate the mineral resources and
reserves. The majority of uranium assays in the database were obtained from Loring Laboratories
Ltd. We have reviewed the original signed assay certificates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">More recent assaying at the Saskatchewan Research Council includes preparing and analysing
standards, duplicates and blanks.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sample security</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We do not know what security measures were in place when the deposit was delineated, but we have no
reason to doubt that sample security was maintained. Current core logging is carried out in the
same facility used during the delineation drilling. It is well removed from the mine site and
behind a locked entry gate, which prevents unauthorized access by road.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Accuracy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are satisfied with the quality of data obtained from the exploration drilling program and
consider it valid for estimating mineral resources and mineral reserves. Radiometrics of closely
spaced underground freezehole drilling have also confirmed the continuity and high grades of the
ore zone.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral reserve and resource estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see page 67 for our mineral reserve and resource estimates for Cigar Lake.
</DIV>





<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; projects under evaluation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Kintyre</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Kintyre, which we acquired with a partner in 2008, adds potential for low-cost<BR>
production and diversifies our geographic reach and deposit types. We are the operator.

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="41%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Western Australia</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">70%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">open pit</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Kintyre is owned by two companies:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cameco &#151; 70%<BR>
Mitsubishi Development Pty Ltd. &#151; 30%

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>History</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In August&nbsp;2008, we paid $346&nbsp;million (US)&nbsp;to acquire a 70% interest in Kintyre.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See our 2010 MD&#038;A for more information.
</DIV>




<P align="left" style="font-size: 10pt"><!-- Folio -->56&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; projects under evaluation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Millennium</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Millennium is a uranium deposit in northern Saskatchewan that we expect will use the
mill at Key Lake. We are the operator.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="57%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Saskatchewan, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">42%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated mineral resources<BR>
(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">21.4&nbsp;million pounds (indicated)<BR>
average grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 4.55%<BR>
4.3&nbsp;million pounds (inferred)<BR>
average
grade U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 2.12%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Millenium is owned by a joint venture of three companies:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco &#151; 42% (operator)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Areva &#151; 38%</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>JCU Exploration (Canada) Co. Ltd. &#151; 30%</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>History</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The
Millennium deposit was discovered in
2000.<BR><BR style="font-size: 6pt">
The deposit was delineated through geophysical survey and drilling work between 2000 and 2007.

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See our 2010 MD&#038;A for more information.
</DIV>





<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Exploration is key to ensuring our long-term growth. Since 2002 we have more than tripled our
annual investment.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 18pt; margin-left: 6%"><B>Exploration
and development spending</B></div>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6863314.gif" alt="(BAR CHART)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We carry out exploration mainly in Canada, the US, Australia, Mongolia, Kazakhstan and South
America, on a total of 4.3&nbsp;million hectares (10.6&nbsp;million acres) at December&nbsp;31, 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our exploration activities include brownfield exploration near our existing operations, on our
projects under evaluation, on advanced exploration projects where uranium mineralization is being
defined, regional exploration in new target areas, and alliances or other agreements with junior
exploration companies that own potential uranium targets.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Brownfield exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we spent $11&nbsp;million in five brownfield exploration projects, and $48&nbsp;million for resource
delineation at Kintyre and Inkai block 3.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Regional exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we spent about $37&nbsp;million in regional exploration programs (including support costs).
Saskatchewan was the largest region, followed by Australia, northern Canada, Asia, and South
America.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We own a 30% interest in the Phoenix deposit, part of the Wheeler River joint venture in
Saskatchewan, operated by 60% owner Denison Mines. In 2010, an initial estimate of 36&nbsp;million
pounds indicated mineral resources (100%) for zone A, the largest of four known mineralized zones
of the deposit, was announced.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Plans for 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We plan to spend approximately $90&nbsp;million on uranium exploration in 2011 as part of our
long-term strategy. This includes activities at our projects under evaluation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Brownfield exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">About $9&nbsp;million will be spent on five brownfield exploration projects in the Athabasca Basin and
Australia. Our expenditures on projects under evaluation are expected to total $22&nbsp;million, with
the largest amounts spent on Kintyre and on further delineation of the Inkai block 3 resource.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Regional exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to spend about $60&nbsp;million on 54 projects worldwide, the majority of which are at drill
target stage. Among the larger expenditures planned are $8&nbsp;million on two adjacent projects in
Nunavut, $5&nbsp;million directed towards new targets in South Australia and Argentina, and a $4&nbsp;million
expenditure on the Wellington Range project in
Northern Territory, Australia.
</DIV>



<P align="left" style="font-size: 10pt"><!-- Folio -->58&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633105"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services &#151; refining</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Blind River refinery</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Blind River is the world&#146;s largest commercial uranium refinery,
refining U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align:text-bottom">8</SUB> from mines around the
world into UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="29%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ontario, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3 </SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">approved: 18&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> per year<br> application: 24&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>
per year</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">12.4&nbsp;million kgU</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$36&nbsp;million</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Markets</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> is shipped to Port Hope for conversion into either UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> or
UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>,<SUB style="FONT-size: 85%; vertical-align: text-bottom"> </SUB>or to Springfields, UK for conversion into UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Production</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3 </SUB>in the first half of 2010 was negatively affected by a lack of uranium
feed and impurity issues from the solvent extraction process which have since been resolved.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Inventory</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inventory
of uranium concentrates has been declining compared to historic levels and continues to
affect the facility&#146;s operating schedule. In the past, there was plenty of feedstock because
customers stored large inventories at the facility. Customers now hold almost no inventory as
concentrates, and provide the feedstock on a just-in-time basis. We manage production to match the
delivery of uranium feed which could affect the supply of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> feed to Port Hope.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Capacity</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the fall of 2008, the CNSC approved the environmental assessment required to increase production
to 24&nbsp;million kgU per year. In December&nbsp;2008, we submitted a written request to the regulator for
an amendment to the licence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we are starting the process to extend Blind River&#146;s five-year licence, and expect the
process to be completed in 2012. As part of this process, we anticipate that the regulator will
consider a licence amendment to increase production. Once approved, we plan to start construction
to increase annual capacity to 24&nbsp;million kgU per year.
</DIV>





<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services &#151; conversion and fuel manufacturing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We control about 35% of western world UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> capacity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Port Hope conversion services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Port Hope is the only uranium conversion facility in Canada, and one of only four
in the western world. It is the only commercial supplier of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> for Canadian-made
Candu reactors.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ontario, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>, UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2 </SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">12.5&nbsp;million kgU as UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> per year<BR>2.8&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> per year
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$96&nbsp;million</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Cameco Fuel Manufacturing Inc. (CFM)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CFM produces fuel bundles and reactor components for Candu reactors.

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ontario, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Candu fuel bundles and components</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 9001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1.2&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2 </SUB>as finished bundles</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$18&nbsp;million</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Springfields Fuels Ltd. (SFL)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SFL is the world&#146;s newest conversion facility. We contract almost all of its capacity
through a toll-processing agreement to 2016.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lancashire, UK</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Toll-processing agreement
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">annual conversion of 5&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> to UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.0&nbsp;million kgU as UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> per year</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Port Hope, CFM and SFL produced a total of 15.4&nbsp;million kilograms of uranium in 2010.
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->60&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Conversion services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At its UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> plant, Port Hope produces UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2 </SUB>powder, which CFM uses
to make
fuel bundles that Canadian and other Candu reactors use for fuel, and blanket fuel for light water
nuclear reactors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At its UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant, Port Hope converts UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> to UF<SUB
style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>, and then ships it
to enrichment plants in the United States, Europe and Japan. There, it is processed to become low
enriched UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>, converted to enriched UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>, and then used as reactor fuel for
light water nuclear reactors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Shutdowns</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In July&nbsp;2007, we discovered soil and groundwater contamination under the Port Hope UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>
plant. We suspended production of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> and conducted an investigation. We restarted the
UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant in late September&nbsp;2008, after significantly upgrading the liquid management
structures and equipment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In November&nbsp;2008, we suspended UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> production a second time because we weren&#146;t able to
resolve a contract dispute and obtain hydrofluoric acid (HF)&nbsp;from our sole supplier on acceptable
terms, and could not quickly source alternative supplies. HF is a primary feed material for the
production of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>. We signed an agreement with our original HF supplier, and with two
additional suppliers, and restarted production of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> in June&nbsp;2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production at the UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> plant began in mid-January&nbsp;2009, after it had been shut down for
an extended planned maintenance period. We upgraded the floors and in-floor structures, and they
now meet the standards of the UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6 </SUB>plant was shut down in the summer of 2010 for a maintenance period of three
months.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Environment</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, we completed a site-wide environmental investigation of subsurface contamination and a
site-wide risk assessment to identify contaminants that could pose a potential risk to the
environment. We used the results to develop an environmental management plan to mitigate potential
risks. In 2010, we enhanced the plan by adding a number of groundwater retrieval wells.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Port Hope conversion facility cleanup and modernization (Vision 2010)</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The federal Minister of Environment approved the environmental assessment guidelines in 2009 for
Vision 2010, our project designed to clean up to appropriate levels and modernize the Port Hope
facility. Work on the environmental assessment continues, with the draft environmental impact
statement submitted to the regulator in December&nbsp;2010. Once the assessment has been approved, we
will apply for an amendment to Port Hope&#146;s licence. We have completed preliminary engineering and
project design and now are working on basic engineering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have agreed to buy two parcels of land for a better site layout after Vision 2010 is complete.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>10-year toll conversion agreement</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In March&nbsp;2005, we entered into a 10-year toll-conversion agreement with British Nuclear Fuels plc
(BNFL), now Springfields Fuels Ltd. (SFL). Under the agreement, SFL has agreed to convert 5&nbsp;million
kilograms of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3 </SUB>per year to UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>. Our Blind River facility provides the
UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>, and we entered into several long-term contracts for significant volumes of
conversion services provided under this agreement. We expect SFL&#146;s plant to remain in operation
through 2016.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel manufacturing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CFM&#146;s main business is making fuel bundles for Candu reactors. CFM presses UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>
powder into pellets that are loaded into tubes, manufactured by CFM, and then assembled into fuel
bundles. These bundles are ready to insert into a Candu reactor core.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Manufacturing services agreements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A substantial portion of CFM&#146;s business is the supply of fuel bundles to BPLP and BALP. We supply
the UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> for these fuel bundles.
</DIV>






<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Bruce Power Limited Partnership (BPLP)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP leases and operates four Candu nuclear reactors that generate and sell electricity into
the Ontario wholesale market. It has the capacity to provide about 15% of Ontario&#146;s electricity.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="57%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ontario, Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31.6%&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Expected reactor life
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2018 to 2021</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Term of lease
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2018 &#151; right to extend for up to 25&nbsp;years</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Generation capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3,260 MW</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Business structure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP, an Ontario limited partnership, is owned by:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco &#151; 31.6%</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD colspan="1" align="left">(through our wholly owned Canadian subsidiaries, Cameco Bruce
Holdings Inc. and Cameco Bruce Holdings II Inc.)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TransCanada PipeLines Limited &#151; 31.6%</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Ontario Municipal Employees Retirement System Trust &#151; 31.6%</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Power Workers&#146; Union and The Society of Energy Professionals &#151; 5.2%</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>History</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2001</B>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:23px; text-indent:-19px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;We acquire a 15% limited partnership interest in BPLP and become BPLP&#146;s fuel manager.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:23px; text-indent:-23px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BPLP enters into agreements with Ontario Power Generation Inc. (OPG)&nbsp;to lease and operate the Bruce A and &nbsp;B
nuclear-powered units in southwestern Ontario. The initial lease period expires in 2018. BPLP can extend the &nbsp;lease for up
to another 25&nbsp;years.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPG retains ownership of the units, and responsibility for decommissioning and waste management.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2003</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Energy plc sells its 79.8% limited partnership interest in BPLP to a consortium of companies, including
us.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After the transaction is completed, BPLP is owned: Cameco (31.6%), TransCanada PipeLines Limited (31.6%), an
Ontario Municipal Employees Retirement System trust (31.6%), and The Power Workers&#146; Union and The Society of Energy
Professionals (5.2%).</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We continue as BPLP&#146;s fuel manager.</div></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>2005</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BPLP is restructured and announces a new arrangement with the Ontario government to increase output of the four
Bruce A reactors, including by refurbishing and restarting two Bruce A reactors that had been removed from service. BALP
is formed and subleases the four Bruce A reactors from BPLP.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BPLP receives payment for the sublease, the assets it transfers to BALP under the sublease, and for Bruce A
refurbishment costs already incurred.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BPLP is responsible for the overall management of the Bruce site and continues to lease and operate the four
Bruce B reactors.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;We maintain our 31.6% interest in BPLP and do not participate in BALP.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BPLP pays a special distribution to its limited partners. We receive $200&nbsp;million.</div></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->62&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the generating facilities</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Location</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">250 kilometres northwest of Toronto on Lake Huron.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Infrastructure</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>four Bruce B Candu reactors: commissioned between 1984 and 1987 and have a combined net
generating capacity of 3,260 megawatts</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>four Bruce A Candu reactors: commissioned between 1977 and 1979 and have a combined
generating capacity of 3,000 megawatts. These were removed from service from 1995 and 1998. In
2003 and 2004, two of them were returned to service, and these have a combined net generating
capacity of 1,500 megawatts. The Bruce A1 and A2 units are scheduled to start again in 2012.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Average capacity factor</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">91% in 2010, and 87% in 2009. We expect it to be 89% in 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Average capacity factor is the amount of electricity the four Bruce B reactors actually produced
for sale as a percentage of the amount they were capable of producing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Capital expenditures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">$111&nbsp;million in 2010, and expected to be $80&nbsp;million in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3,700 BPLP employees, mostly unionized. Employee costs are apportioned between BPLP and BALP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Candu technology</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Candu is a pressurized-heavy-water natural-uranium power reactor designed in the 1960s by a
consortium of Canadian government agencies and private industry. All commercial nuclear reactors in
Canada use Candu technology.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Candu reactors are different from light water reactors in several ways:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>they are fuelled by natural uranium (UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>they use deuterium oxide, or heavy water, both to slow down the fission process and to
transfer heat within the reactor</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>they can be refuelled without being taken offline.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Despite their ability to be refueled at full power, the Bruce Candu reactors have a higher number
of outage days per year than the average for light water reactors, mainly because of the time
required for maintenance and repair of pressure tubes and feeders, which light water reactors do
not use.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Shutdown systems</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Every Bruce reactor has two physically separate and independent systems designed to shut down the
reactor within two seconds from when the system is activated. The Bruce reactors also have an
emergency core coolant injection system, which activates if a pipe breaks in the reactor coolant
system, and a negative pressure containment system designed to safely contain radioactive material.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Unit power ratings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Before BPLP leased the Bruce reactors, studies revealed that emergency shutdown systems might not
have sufficient safety margins for certain low probability events. As a result, the CNSC began
limiting the four Bruce B units to operating at 90% of maximum power.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP has had some success in addressing this issue, by reordering the fuel core for example, which
has improved safety margins. In 2004, the CNSC approved the uprating of the Bruce B5, 6 and 7
units to up to 93% of maximum power. The Bruce B8 unit received this rating in March&nbsp;2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP is looking at other ways to address this issue, including modifying the reactor shutdown
systems and making minor modifications to the existing fuel design.
</DIV>





<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP believes the technical steps it is taking are sufficient to address the issue, but future
derating is possible, including small deratings to maintain operating safety margins as the units
age.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operating life</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Bruce B nuclear units were initially expected to operate for 30&nbsp;years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based on a testing program and the actual operating history of the units to date, BPLP estimates
the units will operate until:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2021 for the Bruce B8 unit</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2018 to 2019 for the other three B units.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP is looking at whether it can demonstrate that longer operating life is possible for the units.
It has also been assessing the condition and life expectancy of several of their key components,
including steam generators, fuel channels and feeder pipes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Steam generators</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of December&nbsp;31, 2010, BPLP had inspected all of the Bruce B steam generators and determined
their present condition with a reasonable degree of certainty. BPLP believes that all of the inner
tubes in the steam generators are likely to degrade, and that periodic cleaning, repairs and
internal modifications are necessary to slow down the rates of degradation and restore unit
reliability. It is implementing a maintenance plan with the goal of keeping the steam generators
operating for the expected life of the units. Current estimates of steam generator life are within
the estimated operating lives of the units.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2003, inspections of the Bruce B8 unit identified some erosion on the support plates in three of
the eight steam generators. BPLP repaired the damage and did not find any issues with the boiler
tubes. It inspected the other units and did not find any similar issues, and follow-up inspections
of the B8 unit did not show any further significant degradation<B><I>. </I></B>An inspection in 2009 confirmed
that the mitigating actions appear to have been effective at stopping the erosion on these support
plates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Fuel channels</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Past engineering assessments have indicated that the fuel channels will last until the end of the
estimated operating lives for the Bruce B units, and current inspections support this. In 2001,
BPLP began a maintenance program to reposition the support springs in the fuel channels to ensure
life expectancy. The support springs in the Bruce B8 unit also need to be repositioned, but this
unit has tight fitting garter springs. BPLP is developing new tooling to locate and move the
springs, and is targeting implementation in 2012.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Feeder pipes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP has carried out inspections to determine the condition of the feeder pipes in the Bruce B
units. Feeder pipes are part of the system that transports the heat generated by the nuclear
reactor to the steam generators, using the heavy water coolant. The feeder pipes in all Candu
reactors thin and degrade to varying degrees, and this is the subject of industry studies and
monitoring. The Bruce B units have degraded to a lesser extent than other Candu units. This
difference is due to a combination of lower operating stresses and, to a limited extent, their
output rating.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP inspects for pipe cracking during planned outages, but has not found any cracking to date. It
increased the scale of these inspections, however, in response to the cracking of feeder pipes at
two Candu plants outside Ontario, where the cracked sections were replaced and the units returned
to service.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP does not expect the feeder pipes to limit the life of the Bruce B units, although they do
expect to have to replace some feeder pipes, and to replace and upgrade pipes for safe operation
during the operating lives of the units.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Relationship with our fuel manufacturing and UO</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>2</b></SUB> <b>businesses</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales to BPLP and BALP are a substantial portion of our fuel manufacturing business and an
important part of our UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> business.
</DIV>






<P align="left" style="font-size: 10pt"><!-- Folio -->64&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Financial commitments</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our total commitment for financial assurances given on behalf of BPLP was an estimated $94&nbsp;million
at
December&nbsp;31, 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These include guarantees in favour of OPG under the lease (as discussed below) and guarantees to
support BPLP&#146;s power purchase agreements with customers. This last commitment is adjusted as
wholesale electricity market prices change. As at December&nbsp;31, 2010, our actual exposure was $24
million. See note 25 to the 2010 financial statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The BPLP partners have agreed that all future excess cash will be distributed on a monthly basis
and that separate cash calls will be made for major capital projects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reliance on OPG</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">OPG provides services to BPLP, including some that are necessary for BPLP to comply with its CNSC
operating licences.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The material short-term OPG services include fuel channel inspection and maintenance services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The material long-term OPG services include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>services related to the supply, delivery and processing of heavy water</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>low level and intermediate waste storage and disposal services</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>collection and storage of used fuel bundles (see page 83 for more information about nuclear
waste management and decommissioning).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Lease payments to OPG</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the lease, OPG is responsible for decommissioning liabilities. These are covered by BPLP&#146;s
payments under the lease. OPG can ask for limited adjustments to the base rent every five years
during the initial lease period to reflect increases in the anticipated cost of decommissioning.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2006, OPG completed its first five-year review and proposed an increase of $14.8&nbsp;million to the
annual base rate over the remaining initial term of the lease. BPLP disagreed with the proposal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In October&nbsp;2008 the matter was resolved by agreement between OPG and BPLP and the base rent was not
increased. BPLP is, however, required to pay the higher base rent retroactively to when it was
proposed, in any one of the following situations:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if BPLP fails to renew the lease past 2027</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if a BPLP material event of default occurs under the lease prior to June&nbsp;30, 2027</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if BPLP terminates the lease prematurely because it is no longer economically viable to
operate the facility.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The second five-year review is scheduled for 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to base rent, BPLP pays an annual supplemental rent ($26&nbsp;million) for each Bruce B
operating reactor that increases with inflation. If the annual average price of electricity falls
below $30 per megawatt hour, the supplemental rent decreases to $12&nbsp;million per operating reactor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, the total lease payments were $129&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP can also terminate the lease if it is no longer economically viable to operate the facility,
as long as it:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>pays a lease termination fee of $175&nbsp;million</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>pays the increase in base rent specified in the 2008 settlement with OPG</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>meets specified ongoing operational requirements during handover</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>meets specified shut-down conditions before handover.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have guaranteed BPLP&#146;s performance of these obligations to a maximum amount of $58.3&nbsp;million.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reinforcing the system</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The transmission system from the Bruce Power site will need to be reinforced once all eight units
are back in service and the expected wind powered facilities in the Bruce area are operational.
This involves adding a new 500 kilovolt line between Bruce Power and Milton, essentially doubling
the current transmission capacity. Hydro One is planning for the transmission reinforcement to be
in service by 2012.
</DIV>



<P align="left" style="font-size: 10pt"><!-- Folio -->66&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left">
<A name="O68633107"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral reserves and resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our mineral reserves and resources are the foundation of our company and fundamental to our
success.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have interests in a number of uranium properties. The tables in this section show our estimates
of the reserves, measured and indicated resources and inferred resources at those properties.
However, only three of the uranium properties listed in those tables are material uranium
properties for us: McArthur River and Inkai, which are being mined, and Cigar Lake, which is being
developed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We estimate and disclose mineral reserves and resources in five categories, using the definitions
adopted by the Canadian Institute of Mining, Metallurgy and Petroleum, and in compliance with
Canadian <I>National Instrument 43-101 &#151; Standards of Disclosure for Mineral Projects (NI 43-101)</I>,
developed by the Canadian Securities Administrators. You can find out more about these categories
at cim.org.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About mineral resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources do not have demonstrated economic viability but do have reasonable prospects for
economic extraction. They fall into three categories: measured, indicated and inferred. Our
reported mineral resources do not include mineral reserves.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Measured and indicated mineral resources can be estimated
 with a level of confidence sufficient to apply technical and
economic parameters to support evaluation of the
economic viability of the deposit.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>measured resources</I>: we can confirm both
geological and grade continuity to support production
planning.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>indicated resources: </I>we can reasonably assume geological and grade
continuity to support
mine planning.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inferred mineral resources are estimated using limited information. We do not have enough
confidence to evaluate their economic viability in a meaningful way. You should not assume
that all or any part of an inferred mineral resource will be upgraded to an indicated or
measured mineral resource as a result of continued exploration.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About mineral reserves</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Mineral reserves are the economically mineable part of measured or
 indicated mineral resources demonstrated by at least a preliminary feasibility study.
 They fall into two categories:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>proven reserves</I>:  the economically mineable part of a measured resource
for which a preliminary feasibility study demonstrates that economic
extraction is justified.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>probable reserves</I>: the economically mineable part of a measured and/or indicated resource
for which a preliminary feasibility study demonstrates that economic extraction can be justified.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use current geological models, an average uranium price of $56.50 (US)&nbsp;per pound
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, and current or projected operating costs and mine plans to estimate our
mineral reserves, allowing for dilution and mining losses. We apply our standard data verification
process for every estimate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We report mineral reserves as the quantity of contained ore supporting our mining plans, and
include an estimate of the metallurgical recovery for each uranium property. Metallurgical recovery
is an estimate of the amount of valuable product that can be physically recovered by the
metallurgical extraction process, and is calculated by multiplying content of contained metal by
the estimated metallurgical recovery percentage.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Qualified persons</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The technical and scientific information discussed in this AIF, including mineral reserve and
resource estimates, for our material properties (McArthur River/Key Lake, Inkai and Cigar Lake)
were prepared by, or under the supervision of, individuals who are qualified persons for the
purposes of NI 43-101:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>McArthur River/Key Lake</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Cigar Lake</I></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Alain G. Mainville, director, mineral resources management, Cameco</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Alain G. Mainville, director, mineral resources management, Cameco</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; David Bronkhorst, vice-president, Saskatchewan mining south, Cameco</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; C. Scott Bishop, principal mine engineer, major projects &#151; technical services, Cameco</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Greg Murdock, technical superintendent, McArthur River, Cameco</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Grant J.H. Goddard, vice-president, Saskatchewan mining north, Cameco</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Les Yesnik, general manager, Key Lake, Cameco</DIV><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Lorne D. Schwartz, chief metallurgist, major projects- technical services,
Cameco</div>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Lorne D. Schwartz, chief metallurgist, major projects- technical services, Cameco </DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>Inkai</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Alain G. Mainville, director, mineral resources management, Cameco</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; Charles J. Foldenauer, operations director, JV Inkai</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Important information about mineral reserve and resource estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although we have carefully prepared and verified the mineral reserve and resource figures in this
document, the figures are estimates, based in part on forward-looking information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Estimates are based on our knowledge, mining experience, analysis of drilling results, the quality
of available data and management&#146;s best judgment. They are, however, imprecise by nature, may
change over time, and include many variables and assumptions including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>geological interpretation</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>extraction plans</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>commodity prices</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recovery rates</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>operating and capital costs.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that the indicated levels of uranium will be produced, and we may have to
re-estimate our mineral reserves based on actual production experience. Change in the price of
uranium, production costs or recovery rates could make it unprofitable for us to operate or develop
a particular site or sites for a period of time. See page 1 for information about forward-looking
information, and page 92 for a discussion of the risks that can affect our business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see page 73 for the specific assumptions, parameters and methods used for the McArthur
River, Cigar Lake and Inkai mineral reserve and resource estimates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Important information for US investors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While the terms measured, indicated and inferred mineral resources are recognized and required by
Canadian securities regulatory authorities, the US Securities and Exchange Commission (SEC)&nbsp;does
not recognize them. Under US standards, mineralization may not be classified as a &#145;reserve&#146; unless
it has been determined at the time of reporting that the mineralization could be economically and
legally produced or extracted. US investors should not assume that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any or all of a measured or indicated mineral resource will ever be converted into proven
or probable mineral reserves</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any or all of an inferred mineral resource exists or is economically or legally mineable,
or will ever be upgraded to a higher category. Under Canadian securities regulations,
estimates of inferred resources may not form the basis of feasibility or prefeasibility
studies. Inferred resources have a great amount of uncertainty as to their existence and
economic and legal feasibility.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The requirements of Canadian securities regulators for identification of &#147;reserves&#148; are also not
the same as those of the SEC, and mineral reserves reported by us in accordance with Canadian
requirements may not qualify as reserves under SEC standards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other information concerning descriptions of mineralization, mineral reserves and resources may not
be comparable to information made public by companies that comply with the SEC&#146;s reporting and
disclosure requirements for US domestic mining companies, including Industry Guide 7.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">68&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Mineral reserves</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As at December&nbsp;31, 2010 (100% basis &#151; only the second last column shows Cameco&#146;s share)

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Proven and probable </B>(tonnes in thousands; pounds in millions)
</DIV>

<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Proven</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Probable</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="18" style="border-bottom: 1px solid #000000"><B>Total mineral reserves</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Cameco&#146;s</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>share of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Estimated</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>metallurgical</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Property</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right"><B>Mining method</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>%U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>%U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>%U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>recovery (%)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">458.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17.29</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">174.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">540.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13.49</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">160.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">998.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15.24</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">335.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">234.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">98.7</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">130.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25.62</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">73.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">426.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">14.41</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">135.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">557.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17.04</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">209.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">104.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">98.5</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.62</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,478.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.77</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,517.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.76</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">96.7</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">open pit</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">61.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.52</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">61.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.52</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">98.7</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,817.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">75,810.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.07</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">112.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">80,627.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.07</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">121.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">72.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">85.0</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills-Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,403.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.13</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,403.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.13</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">72.0</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte-Brown
Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,803.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.10</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,803.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.10</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">80.0</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,243.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.11</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,707.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,951.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.09</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">80.0</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">922.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.11</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">282.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.13</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,204.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.12</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">85.0</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>7,673.3</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>264.0</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>91,452.0</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>466.9</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>99,125.3</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>730.9</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>476.2</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-bottom: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="31" align="left" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Notes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See <I>Recent activity on </I>page 20 for a discussion of the change in the average ore grade for McArthur
River mineral reserves.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">ISR &#151; <I>in situ recovery</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Estimates in the above table:

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are based on the average exchange rate at December&nbsp;31, 2010 ($1.00 US = $0.99 Cdn)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>use an average uranium price of $56.50 (US)/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Totals may not add up due to rounding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except for the possible Inkai permitting issue referred to below, we do not expect these reserve
estimates to be materially affected by environmental, permitting, legal, taxation, socio-economic,
political or marketing issues.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Metallurgical recovery</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We report mineral reserves as the quantity of contained ore supporting our mining plans, and
include an estimate of the metallurgical recovery for each uranium property. Metallurgical recovery
is an estimate of the amount of valuable product that can be physically recovered by the
metallurgical extraction process, and is calculated by multiplying quantity of contained metal
(content)&nbsp;by the estimated metallurgical recovery percentage. Our share of uranium in the table
above is before accounting for estimated metallurgical recovery.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Estimates for Inkai</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, Inkai received approval in principle to produce 3.9&nbsp;million pounds per year (100% basis),
and is seeking final approval with an amendment to the resource use contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our 2011 and future annual production targets and mineral reserve estimate assume Inkai receives
the government approvals and support of our partner, Kazatomprom. More specifically, it must:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#149; obtain final approval to produce at an annual rate of 3.9&nbsp;million pounds (our share 2.3
million pounds)
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain the necessary permits and approvals to produce at an annual rate of 5.2&nbsp;million
pounds (our share 3.1&nbsp;million pounds)</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#149; ramp up production to an annual rate of 5.2&nbsp;million pounds this year.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect Inkai to receive all of the necessary permits and approvals to meet its 2011 and future
annual production targets and we anticipate it will be able to ramp up production as noted above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no certainty, however, that Inkai will receive these permits or approvals or that it will
be able to ramp up production this year. If Inkai does not, or if the permits and approvals are
delayed, Inkai may be unable to achieve its 2011 and future annual production targets, and we may
have to recategorize some of Inkai&#146;s mineral reserves as mineral resources.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Changes this year</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the change in our share of mineral reserves for each property in 2010.
The change was mostly the result of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mining and milling activities which consumed 24&nbsp;million pounds</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral resources to mineral reserves from drilling and mine design updates
at McArthur River, Rabbit Lake and Smith Ranch-Highland</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral reserves to mineral resources at Inkai due to the production ramp up
schedule and increased leaching recovery applied to a limited annual production rate.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>December 31,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Additions</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>December 31,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(thousands of pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Throughput</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(deletions)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Proven mineral reserves</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,861</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,861</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(864</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">845</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,297</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,674</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,352</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,322</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">590</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">590</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120,578</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14,091</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,516</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122,003</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">617</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(72</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">545</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,979</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,129</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,272</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,122</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>169,615</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(18,508</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19,633</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>170,740</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Probable mineral reserves</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,819</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,819</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,056</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">784</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills &#151; Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,984</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,984</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74,167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,662</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,880</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,625</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">113,442</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,265</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112,177</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte &#151; Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,208</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,208</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,706</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,969</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,271</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,008</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,932</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,904</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>309,098</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(5,631</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,042</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>305,509</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total mineral reserves</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>478,713</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24,139</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21,675</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>476,249</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Notes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Throughput corresponds to millfeed. The difference between 2010 millfeed and Cameco&#146;s share of 2010
pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> produced is from mill recovery, mill inventory and processing
low-grade material.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additions (deletions)&nbsp;come from reassessing geological data, gathering data from mining and
milling, and reclassifying material as either a mineral reserve or a mineral resource.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">70&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Mineral resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As at December&nbsp;31, 2010 (100% basis &#151; only the last column shows Cameco&#146;s share)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Measured and indicated </B>(tonnes in thousands; pounds in millions)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Measured</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Indicated</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="14" style="border-bottom: 1px solid #000000"><B>Total measured and indicated</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Cameco&#146;s</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Mining</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>share</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Property</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>method</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">85.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6.28</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.23</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">108.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7.09</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11.8</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.07</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.35</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.27</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.6</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">348.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.52</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">348.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.52</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.0</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dawn Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">open pit, underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">347.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.69</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">347.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.69</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7.4</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">507.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.55</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">507.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.55</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21.4</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Phoenix</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">89.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17.98</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">89.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17.98</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.7</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tamarack</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">183.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.42</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">183.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.42</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.3</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18,386.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18,386.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18.3</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills-Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,964.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,418.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.07</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,382.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.7</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.7</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte-Brown
Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">762.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,012.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.07</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,774.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.07</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7.4</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith
Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,079.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.11</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13,906.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.06</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15,985.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.06</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22.5</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,466.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.21</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,466.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.21</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11.2</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruby Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,215.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,215.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,080.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.09</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,080.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.09</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.1</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shirley Basin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">89.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.16</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,638.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.11</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,727.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.12</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.4</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>4,988.9</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>22.3</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>46,637.5</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>205.0</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>51,626.4</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>227.3</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>141.9</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" align="left" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-bottom: 1px solid #000000">&nbsp;</TD>
<TD colspan="1" align="left" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD colspan="43" align="left" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Inferred </B>(tonnes in thousands; pounds in millions)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Cameco&#146;s</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Mining</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>share</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Property</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>method</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">506.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13.46</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">150.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">104.8</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">480.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12.61</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">133.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">66.8</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">369.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.26</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.2</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">217.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.12</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Phoenix</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7.27</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.8</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tamarack</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.02</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.6</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">254,696.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.05</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">255.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">153.0</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills-Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">861.5</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.07</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.3</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.3</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte-Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">640.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.06</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.9</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,370.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.05</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6.6</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,349.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.11</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.6</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.6</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruby Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.14</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.2</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.2</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">210.9</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.08</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.4</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.4</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shirley Basin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">508.0</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.10</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>267,335.8</B></TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">580.1</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">356.9</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Notes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ISR &#151; <I>in situ recovery</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources do not have demonstrated economic viability.
Totals may not add up due to rounding.
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71</FONT>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Changes this year</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the change in our share of mineral resources for each property in 2010.
The change was mostly the result of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>addition of mineral resources at the new Phoenix deposit</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral resources to mineral reserves at McArthur River and Rabbit Lake</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral reserves to mineral resources at Inkai</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>additional inferred resources came from the new Powell zone at Rabbit Lake and drilling and
new mining plans at McArthur River zone 4 south.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(thousands of pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>December 31, 2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Additions (deletions)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>December 31, 2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Measured mineral resources</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">193</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">193</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">322</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(322</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills &#151; Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,372</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,372</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7,697</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,308</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte &#151; Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,366</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,366</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shirley Basin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">304</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">304</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,952</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,024</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,928</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>27,514</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(9,043</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>18,471</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Indicated mineral resources</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">405</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">405</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,026</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,175</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dawn Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,436</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,436</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills &#151; Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,268</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,268</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,118</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,153</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,271</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,136</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,648</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,488</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,643</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,726</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,369</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte &#151; Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,984</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,984</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Phoenix</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,691</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,691</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,372</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,370</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,002</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruby Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,078</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,078</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,097</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,097</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shirley Basin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,085</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,085</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,962</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">685</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,647</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tamarack</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,288</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>112,021</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11,263</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>123,284</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total measured and indicated mineral resources</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>139,535</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,200</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>141,755</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">72&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(thousands of pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>December 31, 2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Additions (deletions)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>December 31, 2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Inferred mineral resources</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66,792</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66,792</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,694</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,101</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,593</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills &#151; Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,289</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,289</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">153,049</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">153,049</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">111,278</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,443</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104,835</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,089</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">182</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,271</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte &#151; Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Phoenix</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,143</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,143</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">942</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,302</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,244</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruby Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">167</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">365</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">365</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shirley Basin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,132</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,560</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,560</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tamarack</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">591</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">591</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total inferred mineral resources</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>353,848</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,083</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>356,931</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Note</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additions (deletions)&nbsp;come from reassessing geological data, gathering data from mining and
milling, and reclassifying material as either a mineral reserve or a mineral resource.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key assumptions, parameters and methods</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>McArthur River</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key assumptions</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mineral reserves include allowances for dilution (20%) and mining recovery (95%). Mineral
resources do not include allowances for either.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mineral resources are estimated at a minimum mineralized
thickness of 1.0 metre and at a
cutoff grade of 0.1% to 0.5% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>. Mineral reserves are estimated at a
cut-off grade of 0.8% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key parameters</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For mineral resources estimated from surface drillholes, the uranium grade is determined
from assay sample.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For mineral resources and mineral reserves estimated from underground drillholes, grades
are determined by converting radiometric probing to percentage U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
based on a correlation between radiometric counts and assay values.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Densities are determined using formulas based on density measurements of drill core and
chemical assay grades.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mineral reserves at McArthur River are estimated using the raisebore, boxhole and
blast-hole stoping methods combined with freeze curtains. The planned mining rate is to vary
between 150 and 200 tonnes per day at a full mill production rate of 18.7&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per year based on 98.7% mill recovery.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key methods</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mineral resources were estimated using 3-dimensional block models. The models were created
from the geological interpretation of mineralization outlines using lithology, structure and
uranium grade information interpreted on vertical cross-sections and plan views. Estimates of
block grade and density were obtained with ordinary kriging or inverse squared distance
methods.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Cigar Lake</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key assumptions</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Phase 1 mineral resources (the eastern part of the deposit, 700 metres long by 150 metres
wide) have been estimated within minimum mineralization thickness of 1.0 metres and a cut-off
grade of 1% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>. The Phase 2 mineral resources (the western part of the
deposit, 1,200 metres long by 100 metres wide) have been estimated with a minimum
mineralization thickness of 2.5 metres and a cut-off grade of 5.9% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Phase 1 mineral resources have been estimated with no allowance for mining dilution or
mining recovery.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Phase 2 mineral resources incorporate an allowance of 0.5 metre of dilution material.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Phase 1 mineral reserves have been estimated at a cut-off grade of 2.0%
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> and a minimum mineral thickness of 1.5 metres.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mineral reserves have been estimated with an allowance of 0.5 metres of dilution material
above and below the ore zone, plus 20% external dilution at 0% U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>.
Dilution from sump slimes and drilling cuttings is also included as part of the 20% external
dilution. Mineral reserves have been estimated based on 90% mining recovery.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key parameters</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Grades of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> were obtained from chemical assaying of drill core and
checked against radiometric probing results. In areas of lost core or missing samples, the
grade was determined from probing.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A correlation between uranium grade and density was applied where the density was not
directly measured for each sample.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mining rates are planned to vary between 100 and 140 tonnes per day during peak production
at a full mill production rate of 18&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per year
based on 98.5% mill recovery.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key methods</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The geological interpretation of the orebody outline was done on section and plan views
derived from drillhole information. Phase 1 mineral resources and mineral reserves were
estimated using a 3-dimensional block model. Phase 2 mineral resources were estimated using a
2-dimensional block model. Ordinary kriging was used to estimate the grade and density of the
blocks.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Inkai</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The estimated mineral resources and reserves at Inkai are located in blocks 1 and 2. No
mineral resources or reserves have been estimated for block 3.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The resource models follow the Kazakhstan State Committee of Mineral Reserves (GKZ)&nbsp;guide
and use the Grade-Thickness (GT)&nbsp;estimation method on 2-dimensional blocks in plan. They were
created by Volkovgeology, a subsidiary of Kazatomprom which is responsible for prospecting,
exploration and development of uranium deposits in Kazakhstan. We performed a validation of
the Kazakh reserves estimate for block 1 in 2003, and confirmed the estimated pounds of
uranium to within 2.5% of the Kazakh estimate. The Kazakh estimate was also validated by an
independent consulting firm in 2005. In 2007, we and an independent consulting firm verified
the block 2 Kazakh mineral reserves estimate and obtained results that were consistent with
the Kazakh estimate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Historic drilling pattern densities over blocks 1 and 2 were sufficient to satisfy the
Kazakhstan State Reserve Commission requirements in defining reserves in the C2, C1 and B
categories within block 1 and C2 and C1 categories within block 2.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our reconciliation of the Kazakh classification system to the CIM standard definitions are
set out in Section&nbsp;6.3</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(Table 6-4) of the Inkai technical report. We believe that Kazakhstan&#146;s reserves categories B, C1
and C2 correspond respectively to NI 43-101 mineral resource categories of measured, indicated and
inferred.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key assumptions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Dilution and mining loss are not relevant factors because Inkai uses in situ recovery as
the uranium extraction method. The recovery obtained from the in situ leaching process is
included in the metallurgical recovery.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mineral reserves have been estimated at a minimum grade-thickness of 0.130 m%
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">74&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key parameters</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Grades (%U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>) were obtained from downhole gamma radiometric probing
of drillholes, checked against assay results and prompt-fission neutron probing results in
order to account for disequilibrium.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An average density of 1.70 t/m<SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP> was used, based on historical and current sample
measurements.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In situ recovery production rates are planned to vary between 13,000 and 16,000 lbs
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per day at a full mill production rate of 5.2&nbsp;million lbs of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> per year based on 85% recovery.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key methods</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The geological interpretation of the orebody outline was done on section and plan views
derived from core drillhole information.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mineral resources and mineral reserves were estimated with the grade-thickness method using
2-dimensional block models.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633108"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sustainable development</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Companies are under growing scrutiny for the way they conduct their businesses. There has been
a significant increase in stakeholder expectations for environmentally and socially responsible
business practices. We work under strict government regulation at every stage &#151; from exploration
and development, to decommissioning and reclamation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Rather than viewing sustainable development as an &#147;add-on&#148; to traditional business activity,
however, we see it as an integral component to the way we do business. Our aim is to fully
integrate sustainable development principles and practices at each level of our operations,
following the ALARA principle: protecting the environment by limiting emissions and managing waste
so levels are as low as reasonably achievable, accounting for social and economic factors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We measure our progress using 23 key performance indicators that reinforce our corporate strategy
and align with our four measures of success:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Safe and rewarding workplace</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As we strive to foster a safe, healthy and rewarding workplace at all of our facilities, we measure
key indicators such as conventional and radiation safety statistics, employee sentiment toward the
company and employment creation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Clean environment</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are committed to operating our business with respect and care for the local and global
environment. We strive to be a leader in environmental practices and performance by complying with
and moving beyond legal and other requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are committed to integrating environmental leadership into everything we do. Part of the way we
determine our progress is by measuring our impact on air, water and land near our operations as
well as generation of waste and emissions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Supportive communities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We work to build and sustain the trust of local communities by acting as a good corporate citizen.
We measure the amount invested in communities through sponsorships and donations, community support
through annual polling and regional employment figures.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outstanding financial performance</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To fulfill our vision, we must be competitive and secure the support of our stakeholders. We
measure our financial performance based on our ability to achieve a number of strategic objectives,
which are set and reviewed annually.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our 2010 and 2011 objectives are based upon, and our performance is measured against, our four
measures of success. See our 2010 MD&#038;A for our 2010 objectives, our performance against those
objectives and our 2011 objectives.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Focus on environmental leadership</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our business by its nature affects the environment, so environmental leadership is a key area
of focus for us and a strategic priority for our operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Environmental leadership is reinforced by our systematic approach to safety, health, environment
and quality (SHEQ)&nbsp;issues. We have integrated this approach into our planning process for major
projects. We also have conceptual decommissioning plans in place for all of our operating sites.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We report our performance over a three-year period. You can find this information on our website
(cameco.com) and in our sustainable development report, which is also available on our website.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SHEQ management system</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We introduced our environmental, safety and health policies in 1991, and have refined our approach
over the years to form our overall integrated management system: the SHEQ management system.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">76&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The system includes our statement of environmental principles, and seven programs for implementing
the policies and fulfilling our commitments in these areas.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Our environmental principles</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>keep risks at levels as low as reasonably achievable, accounting for social and economic
factors</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prevent pollution</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>comply with and move beyond legal compliance requirements</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ensure quality of processes, products and services</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>continually improve our overall performance.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Seven SHEQ programs</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Quality management program</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Safety and health management program</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Radiation protection program</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Environment management program</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Management system audit program</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Emergency preparedness and response program</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Contractor management program</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We benchmark our system against those used by other companies in the mining and nuclear power
generation sectors. The board&#146;s safety, health and environment committee oversees our environmental
policies and programs and our environmental performance on behalf of the board. Our chief executive
officer is responsible for ensuring the system is implemented across the company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our SHEQ management system is centralized and managed at the corporate level, and we implement it
corporately and at our operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The corporate audit program assesses our compliance with laws, regulations, permit requirements,
our SHEQ related policies and programs, and how well the sites are managing requirements and
reducing risk.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The SHEQ audit function is integrated with our other internal audit functions. We generally conduct
a SHEQ audit every 18 to 24&nbsp;months at each operating site, and every 12&nbsp;months at every
construction or development site.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SHEQ activity at the operations focuses on consistently applying policies and procedures, and
providing help with technical issues. The sites carry out internal audits to make sure their
programs meet our standards and comply with regulatory requirements. The SHEQ management system is
also part of our program to manage environmental risks at the operations and meet the requirements
of ISO 14001. All of our operating sites are ISO 14001 certified except for CFM.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we invested:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$76&nbsp;million in environmental protection, monitoring and assessment programs, a decrease of
17% compared to 2009</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$34&nbsp;million in health and safety programs, unchanged compared to 2009.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, spending for these programs is expected to be similar to 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We had 22 reportable environmental events in 2010, compared to 28 in 2009, however, both rates are
below our long-term annual average of 30. There were no significant environmental incidents in 2009
and 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we achieved the best safety performance in our history, exceeding our award-winning
performance in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You can find more information about our SHEQ management system on our website.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reducing our impact</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our internal team of specialists has been carrying out our long-term plan to reduce the impact
we have on the environment. This includes monitoring and reducing our effect on air, water and
land, reducing the greenhouse gases we produce and the amount of energy we consume, and managing
the effects of waste.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are investing in management systems and safety initiatives to achieve operational excellence,
and this is improving our safety and environmental performance and operating efficiency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are maximizing the lifespan of our operating sites to limit the environmental impact of our
operations, and will be revitalizing the Key Lake mill (in operation for 28&nbsp;years) and Rabbit Lake
mill (in operation for 36&nbsp;years).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Like other large industrial organizations, we use chemicals in our operations that could be
hazardous to our health and the environment if they are not handled correctly. We train our
employees in the proper use of hazardous substances and in emergency response techniques.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We meet with communities who are affected by our activities to tell them what we are doing and to
receive feedback and further input, to build and sustain their trust. In Saskatchewan, we
participate in the Athabasca Working Group and Northern Saskatchewan Environmental Quality
Committee. In Ontario, we liaise with the community by regularly holding educational and
environment-focused activities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Land</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our 10 operating sites affect 30 square kilometres of land &#151; a relatively small area compared to
what would be required to generate the same amount of energy using other technologies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our current mines in northern Saskatchewan are underground mines so the impact on the surface land
is minimized. We use ISR mining in the US and Kazakhstan to extract uranium from underground
non-potable, brackish aquifers, so the impact on the surface there is also minimal.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Water</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are continually upgrading processes and adopting new technologies to improve how we manage
process water, and the effect it has on receiving water bodies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are reducing the concentrations of molybdenum and selenium in the effluent released from our
northern Saskatchewan mines and mills because the continued release of these substances at higher
levels may affect the environment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Key Lake</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The CNSC accepted our action plan in 2007 to reduce molybdenum and selenium discharges in Key Lake
mill effluent, and made it a condition of the facility&#146;s operating licence. We have since reduced
the concentrations of both substances in the effluent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>McArthur River</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are reducing the amount of molybdenum McArthur River discharges into the environment:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The three shafts at the site seep good quality water. We are capturing it and using it for
underground mining, rather than piping more water down from the surface.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The water quality from shaft 3 has been assessed and approved for discharge to the
environment without treatment, so we discharge all excess water picked up in shaft 3 directly
to the environment. This keeps the water away from underground processes, reducing the
concentration of molybdenum.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We are studying how to send excess water from the other shafts directly to the surface
water treatment plant.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect these activities to reduce both the volume of effluent treated and the concentration of
molybdenum in the effluent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Rabbit Lake</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We modified the Rabbit Lake mill in 2009 and reduced discharges of molybdenum and selenium. We
installed a water treatment circuit in 2006 to reduce uranium in the discharge and, as of 2007,
there is an average of 10 times less uranium being discharged than there was before 2004 calculated
on an annual basis. Early in 2008, while excavating for a new effluent treatment circuit next to
the mill, we detected uranium in groundwater seepage. The uranium was present only in the immediate
vicinity of the mill. We made the necessary repairs, identified and made improvements, and restored
the contaminated areas.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">78&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We continually monitor the environment to verify that the improvements we made in the mill effluent
treatment process are having the planned effect of reducing the impact on the receiving
environment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Port Hope</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We discovered soil and groundwater contamination under the Port Hope UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion
plant in July&nbsp;2007, and suspended operation to investigate. See <I>Shutdowns </I>on page 61 for
information about the environmental effect of the incident, how we responded and the steps we took
to resume operation of the plant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also shut down the UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> plant for an extended planned maintenance period in 2008, and
brought floors and in-floor structures up to the new standards of the UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant. We
discovered a leaking sump, which appeared to be the source of some localized contaminated ground
water we found in an earlier assessment. We installed a new groundwater collection well next to the
UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> plant to control contaminated groundwater, and reopened the plant in mid-January
2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Improvements to the UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> and UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> plants cost $50&nbsp;million. We also spent $14
million to remediate the contaminated soil and groundwater from the Port Hope UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>United States</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The ISR method we use in the US involves extracting uranium from underground non-potable aquifers
by dissolving the uranium with a carbonate-based water solution and pumping it to a processing
facility on the surface. After mining has been completed, an ISR wellfield must be restored
according to regulatory requirements. This generally involves restoring the groundwater to its
pre-mining use or equivalent class of use water standard.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have 10 wellfields under restoration. See page 85 for more information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Kazakhstan</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The ISR mining method we use at Inkai uses an acid in the mining solution to extract uranium from
underground non-potable aquifers. The injection and recovery system is engineered to prevent the
mining solution from migrating to the aquifer above the orebody, which has water with higher
purity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Kazakhstan does not require active restoration of post-mining groundwater. After a number of
decommissioning steps are taken, natural attenuation of the residual acid in the mined out horizon,
as a passive form of groundwater restoration, has been accepted. Attenuation is a combination of
neutralization of the groundwater residual acid content by interaction with the host rock minerals
and other chemical reactions which immobilize residual groundwater contaminants in the mined-out
subsoil horizon. This approach is considered acceptable as it results in water quality similar to
the pre-mining baseline status.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Air</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows our most recent data on our greenhouse gas emissions. We follow the general
guidelines outlined by the <I>Intergovernmental Panel on Climate Change </I>to qualify greenhouse gas
emissions.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2008</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Greenhouse gas emissions of tonnes of CO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> equivalent (CO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>e)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">460,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">421,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Greenhouse gas emissions include carbon dioxide, methane, nitrous oxide, sulphur
hexafluoride, hydrofluorocarbons (HFCs), and perfluorocarbons (PFCs) expressed
as a carbon equivalent (CO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>e).</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The greenhouse gas emissions have been slowly increasing since 2005. Expansion of mining
operations has caused increases in fuel consumption, and therefore emissions, as expected.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Port Hope</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have lowered emissions of uranium and hydrofluoric acid to the air by installing new equipment
and changing the operating procedures.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>McArthur River</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River has a large refrigeration plant that produces brine used for freezing the area of
the deposit being mined. The plant uses refrigerants, but they are not ozone-depleting chemicals
that harm the earth&#146;s atmosphere.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Cigar Lake</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake has a large refrigeration plant that produces brine used for freezing certain areas of
the deposit as we prepare it for mining. The plant uses refrigerants, but they are not
ozone-depleting chemicals that harm the earth&#146;s atmosphere.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Waste</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our mines and mills in northern Saskatchewan account for most of the tailings and waste rock our
operations generate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We treat the mill tailings at Rabbit Lake and Key Lake to stabilize contaminants before depositing
them in tailings management facilities (in mined-out open pits near the mills).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We divert groundwater and surface water around the tailings management facilities, monitor the
water to make sure it is not affected by the tailings, and treat it if necessary. We monitor all
runoff and treat any seepage water from waste rock piles as needed. We stockpile some waste rock to
blend with higher grade ores. We contour other waste rock piles and re-vegetate them before
decommissioning the site. We continue to monitor groundwater after the facility has been
decommissioned.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Complying with environmental regulations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our business is required to comply with laws and regulations that are designed to protect the
environment and control the management of hazardous wastes and materials. Some laws and regulations
focus on environmental issues in general, and others are specifically related to mining and the
nuclear sector. They change often, with requirements increasing, and existing standards are being
applied more stringently. While this promotes continuous improvement, it can increase expenses and
capital expenditures, or limit or delay our activities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Government legislation and regulation in various jurisdictions establish standards for system
performance, standards and guidelines for air and water quality emissions, and other design or
operational requirements for the various SHEQ components of our operations and the mines we plan to
develop. We must complete a comprehensive environmental assessment before we begin developing a new
mine or start processing activities, or make any significant change to a plan that has already been
approved. Once we have permanently stopped mining and processing activities, we are required to
decommission and reclaim the operating site to the satisfaction of the regulator, and we may be
required to actively manage former mining properties for many years.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Canada</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is ongoing public scrutiny of the impact our operations have on the environment, and
ongoing regulatory oversight by the Canadian Nuclear Safety Commission (CNSC), the Saskatchewan
Ministry of the Environment, the Ontario Ministry of the Environment, and Environment Canada.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The CNSC, an independent regulatory authority established by the federal government under the
<I>Canadian Nuclear Safety and Control Act </I>(NSCA), is our main regulator in Canada. It regulates our
compliance with the NSCA and is the federal lead for environmental assessments required to be
carried out under the <I>Canadian Environmental Assessment Act</I>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The primary objectives of an environmental assessment are to ensure that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>potential adverse environmental effects are considered before proceeding with a project</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>projects that cause unjustifiable, significant adverse environmental effects are not
permitted to proceed</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>appropriate measures are implemented, where necessary, to mitigate risk.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Generally, the environmental assessment process takes more than two years to complete. Our plans to
expand production or build new mines in Saskatchewan are subject to this process, and we currently
have a range of environmental assessments underway, from comprehensive study level to less detailed
screening level. In certain cases, a review panel may be appointed and public hearings held.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">80&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Over the past few years, CNSC audits of our operations have focused on the following SHEQ programs:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; radiation protection </DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; environmental monitoring </DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; fire protection </DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; operational quality assurance </DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; organization and management systems
effectiveness</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; transportation systems</DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; geotechnical monitoring</DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; training </DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; ventilation systems</DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Improving our environmental performance is challenging, and we have several initiatives underway:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>dealing with more stringent controls on fugitive uranium emissions from ventilation systems
at fuel services facilities</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>optimizing performance of our facilities to reduce molybdenum and selenium loadings</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>lessening the impacts our facilities have on groundwater.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Many of these initiatives have required additional environmental studies near the operations, and
we expect that we will have to do more, especially environmental assessments, which generally
establish expectations for operations in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It can take a significant amount of time for regulators to make requested changes to a licence or
grant requested approval because the proposal may require an environmental assessment or an
extensive review of supporting technical data, management programs and procedures. We are improving
the quality of our proposals and submissions and have introduced a number of programs to ensure we
continue to comply with regulatory requirements, but this has also increased our capital
expenditures and our operating costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As our SHEQ management system matures, regulators review our programs more often and recommend ways
to improve our SHEQ performance. These recommendations are generally procedural and do not involve
large capital costs, although systems applications can be significant and result in higher
operating costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We believe that regulatory expectations of the CNSC and other federal and provincial regulators
will continue to evolve, and lead to changes to both requirements and the regulatory framework.
This will likely increase our expenses.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>United States</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our US ISR operations have to meet federal, state and local regulations governing air
emissions, water discharges, handling and disposal of hazardous materials and site reclamation,
among other things.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mining activities have to meet comprehensive environmental regulations from the US Nuclear
Regulatory Commission (NRC), Bureau of Land Management, Environmental Protection Agency and state
environmental agencies. The process of obtaining mine permits and licences generally takes several
years, and involves environmental assessment reports, public hearings and comments. We have the
permits and approvals for the US operations that we need to meet our 2011 production plans.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our plans to expand our US ISR production, which includes adding satellite facilities to our
operating mines in Wyoming and Nebraska, are subject to an environmental assessment process that
can take several years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After mining is complete, ISR wellfields have to be restored according to regulatory requirements.
This generally involves restoring the groundwater to its pre-mining use or equivalent class of use
water standard. Restoration of Crow Butte wellfields is regulated by the Nebraska Department of
Environmental Quality and the NRC. Restoration of Smith Ranch-Highland wellfields is regulated by
the Wyoming Department of Environmental Quality and the NRC. See page 85 for the status of wellfield restoration and regulatory approvals.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kazakhstan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In its resource use contract with the Kazakhstan government, Inkai committed to conducting its
operations according to good international mining practices. It complies with the environmental
requirements of Kazakhstan legislation and regulations, and, as an industrial company, it must also
reduce, control or eliminate various kinds of pollution and protect natural resources. Inkai is
required to submit annual reports on pollution levels to the Kazakhstan environmental, tax and
statistics authorities. The authorities conduct tests to validate Inkai&#146;s results.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Environmental protection legislation in Kazakhstan has evolved rapidly, especially in recent years.
As the subsoil use sector has evolved, there has been a trend towards greater regulation,
heightened enforcement and greater liability for non-compliance. The most significant development
was the adoption of the <I>Ecological Code</I>, dated January&nbsp;9, 2007 and effective as of February&nbsp;3,
2007. This code replaced the three main laws that had related to environmental protection.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is required to comply with environmental requirements during all stages of the project, and
must develop an environmental impact assessment for examination by a state environmental expert
before making any legal, organisational or economic decisions that could have an effect on the
environment and public health. Plans to double production at blocks 1 and 2 and to develop block 3
are subject to this environmental impact assessment process.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the <I>Ecological Code</I>, Inkai needs an environmental permit to operate. The permit certifies the
holder&#146;s right to discharge emissions into the environment, provided that it introduces the &#147;best
available technologies&#148; and complies with the technical guidelines in the code. Inkai has a permit
for environmental emissions and discharges, valid until December&nbsp;2013, and an emissions permit for
drilling activities, valid until December&nbsp;2012. It also holds the required permits under the <I>Water
Code.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Government authorities and the courts enforce compliance with these permits, and violations can
result in the imposition of administrative, civil or criminal penalties, the suspension or stopping
of operations, orders to pay compensation, orders to remedy the effects of violations and orders to
take preventive steps against possible future violations. In certain situations, the issuing
authority may modify or revoke the permits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai has environmental insurance, as required by the <I>Ecological Code </I>and the resource use
contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Nuclear waste management and decommissioning</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Once we have permanently stopped mining and processing activities, we are required to
decommission the operating sites. This includes reclaiming all waste rock and tailings management
facilities and the other areas of the site affected by our activities to the satisfaction of
regulatory authorities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Estimating decommissioning and reclamation costs</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We develop conceptual decommissioning plans for our operating sites and use them to estimate our
decommissioning costs. We also submit them to the regulator to determine the amount of financial
assurance we must provide to secure our decommissioning obligations. Our plans include reclamation
techniques that we believe generate reasonable environmental and radiological performance.
Regulators give &#147;conceptual approval&#148; to a decommissioning plan if they believe the concept is
reasonable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We started conducting reviews of our conceptual decommissioning plans for all Canadian sites in
1996. We typically review them every five years, or when we amend or renew an operating licence. We
review our cost estimates for both accounting purposes and licence applications. For our US sites,
they are reviewed annually. A preliminary decommissioning plan has been established for Inkai. The
plan is updated every five years or as significant changes take place, which would affect the
decommissioning estimate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As properties approach or go into decommissioning, regulators review the detailed decommissioning
plans. This can result in additional regulatory process, requirements, costs and financial
assurances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the end of 2010, our estimate of total decommissioning and reclamation costs was $465&nbsp;million.
This is the undiscounted value of the obligation and is based on our current operations. We had
accounting provisions of $280&nbsp;million at the end of 2010 (the present value of the $465&nbsp;million).
Since we expect to incur most of these expenditures at the end of the useful lives of the
operations they relate to, our expected costs for decommissioning and reclamation for the next five
years are not material.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We provide financial assurances for decommissioning and reclamation as letters of credit to
regulatory authorities, as required. We had a total of $549&nbsp;million in letters of credit supporting
our reclamation liabilities at the end of 2010. Since 2001, all of our North American operations
have had letters of credit in place that provide financial assurance in line with our preliminary
plans for decommissioning for the sites.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">82&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please also see note 12 to the 2010 financial statements for our estimate of decommissioning and
reclamation costs and related letters of credit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Canada</B>
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 6pt"><B>Decommissioning estimates</B><BR>
(100% basis)

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%"></TD>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" nowrap>$&nbsp;&nbsp;36.1 million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">$105.2 million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" nowrap>$120.7 million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">$&nbsp;&nbsp;27.7 million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These estimates have been reviewed and accepted by the CNSC. We, along with our joint venture
partners, have filed with the Saskatchewan government letters of credit as financial assurance for
all four operations to match these estimates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The reclamation and remediation activities associated with waste rock and tailings from processing
Cigar Lake ore and uranium solution are covered in the plans and cost estimates for the facilities
that will be processing it.
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 6pt"><B>Decommissioning estimates</B><BR>
(100% basis)

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%"></TD>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Port Hope</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" nowrap>$96 million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Blind River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">$36 million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CFM</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">$18 million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The CNSC reviewed the decommissioning estimates for these facilities as part of the renewal of
their licences in 2007. We have filed letters of credit with the regulator as financial assurance
for them.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Bruce Power</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Operating the Bruce Power nuclear units generates three kinds of radioactive waste:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>used nuclear fuel bundles (<I>high-level radioactive waste</I>)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other material that has come in close contact with the reactors or is reactor equipment
such as pressure tubes. This material is less radioactive than used nuclear fuel bundles
(<I>intermediate-level radioactive waste</I>)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>material used in operating the station (<I>low-level radioactive waste</I>).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>High-level radioactive waste</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Used nuclear fuel bundles from the Bruce reactors are temporarily stored in water-filled pools
(called <I>wet bays</I>) at the Bruce Power nuclear stations for a cooling-off period of at least 10&nbsp;years
so their radioactivity substantially decreases. The bundles are then transferred to above-ground
concrete canisters at a dry storage facility constructed by OPG. The facility is located on the
part of the site not leased to BPLP. OPG started transferring the used nuclear bundles to its
facility in 2003.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP is responsible for managing any used nuclear fuel bundles stored in the Bruce B wet bays
although OPG retains title to all used nuclear fuel bundles stored in the wet bays before May&nbsp;11,
2001. OPG also assumes:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>title to any used nuclear fuel bundles that are discharged from the Bruce reactors during
the term of the lease</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the cost of, and responsibility for, disposing of these nuclear fuel bundles. It also
receives a fee, paid as supplemental rent under the lease, for this
disposal.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Intermediate and low-level radioactive waste</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">OPG has also agreed to take title to, store and dispose of all of BPLP&#146;s low and intermediate-level
radioactive waste at OPG&#146;s radioactive waste management facility at the Bruce site during the term
of the lease. OPG retains title to all low and intermediate-level radioactive waste generated
before May&nbsp;11, 2001.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Decommissioning</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the lease and as owner of the Bruce nuclear plants, OPG is responsible for:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>decommissioning the eight units</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>funding the decommissioning and meeting any other related requirements imposed by the CNSC</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>managing the radioactive waste associated with decommissioning the Bruce nuclear plants.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Historical waste</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">When Cameco was formed, we assumed ownership and primary responsibility for managing the waste
already existing at the time of the reorganization. This <I>historical waste </I>was all in Ontario, at
the <I>historical facilities</I>, which include the Port Hope Conversion Facility, Blind River Refinery,
Port Granby Waste Management Facility and the Welcome Waste Management Facility in Port Hope.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our liability includes:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the first $2&nbsp;million of all costs and expenses related to historical waste and the
historical facilities, including costs and expenses relating to any claim arising out of or
related to historical waste and decommissioning or reclamation costs and expenses related to
historical waste and the historical facilities</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>23/98ths of the next $98&nbsp;million of these costs.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Canada Eldor Inc., the entity established by the federal government to assume the historical
liabilities and obligations of Eldorado Nuclear Limited, retained liability for the balance of
these costs up to $100&nbsp;million, and for all of these costs above $100&nbsp;million, effectively capping
our liability with respect to these costs at $25&nbsp;million.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Principles of understanding</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In October&nbsp;2000, the government of Canada and certain communities near and including Port Hope
announced they had signed a framework for the development of an agreement for the clean-up, storage
and long-term management of certain historical waste (the <I>principles of understanding</I>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In June&nbsp;2001, the federal government announced that it had signed an agreement to invest
approximately $260&nbsp;million over 10&nbsp;years to carry out the work.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In March&nbsp;2004, we reached an agreement to transfer two facilities to the government of Canada: the
Port Granby Waste Management Facility and Welcome Waste Management Facility. Atomic Energy Canada
Limited (AECL), which indirectly owned these waste sites before 1988 through its ownership of
Eldorado Nuclear Limited, is the licensee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As part of this transaction, the federal government agreed to accept approximately 150,000 cubic
metres of low-level radioactive waste from us at no charge. It also agreed to assume all liability
for the waste at the two sites, as long as we met our obligation to contribute the balance of the
$25&nbsp;million cap respecting costs and expenses related to historical waste and the historical
facilities remaining upon the transfer of the final waste facility. We have already recognized this
$25&nbsp;million liability, but at the end of 2010, only $7&nbsp;million of it had been spent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Port Hope Area Initiative</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In July&nbsp;2002, the federal government released the scoping document for the environmental assessment
of the Port Hope Area Initiative, which described two projects to manage low-level radioactive
waste in the Port Hope area for the long term: the Port Granby project and Port Hope project, which
includes historical waste at the Welcome Waste Management Facility. Both projects have completed
the environmental assessment process.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In September&nbsp;2009, after a one-day public hearing, the CNSC announced a decision to issue a Waste
Nuclear Substance Licence to AECL for the Welcome Waste Management Facility, valid as of the date
of land transfer. Transfer of this facility to the federal government was completed on March&nbsp;31,
2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Recycling uranium byproducts</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have an agreement with Denison Mines Corporation to process certain uranium-bearing byproducts
from Blind River and Port Hope at the White Mesa mill in Blanding, Utah. While this arrangement
addresses existing inventory and current recycling requirements, we are considering other outlets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For example, in 2001, we tested recycling the byproducts at our Key Lake mill, and in 2002
submitted a proposal to federal and provincial regulatory authorities for approval to proceed. We
received regulatory approval from the Saskatchewan government in 2003, but we have been pursuing
lower concentrations of molybdenum and selenium in the effluent released at the Key Lake mill in
order to receive federal regulatory approval. With our success in lowering these concentrations, we
have made a submission to the CNSC to move this matter forward.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">84&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>United States</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After mining has been completed, an ISR wellfield has to be restored according to regulatory
requirements. This generally involves restoring the groundwater to its pre-mining use or equivalent
class of water standard.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is difficult for us to estimate final timing and costs for restoring wellfields due to the
uncertainty in timing for receiving regulatory approval.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Crow Butte</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Restoration of Crow Butte wellfields is regulated by the Nebraska Department of Environmental
Quality and the NRC. There are five wellfields being restored at Crow Butte. The groundwater at
mine unit #1 has been restored to pre-mining quality standards, all wells are plugged and the
piping removed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our estimated cost of decommissioning the property is $35.2&nbsp;million (US). We have provided the
State of Nebraska with a $35.2&nbsp;million (US)&nbsp;letter of credit as security for decommissioning the
property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Smith Ranch-Highland</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Restoration of Smith Ranch-Highland wellfields is regulated by the Wyoming Department of
Environmental Quality and NRC. There are five wellfields being restored at Smith Ranch-Highland,
and two wellfields (mine units A and B) that have been fully restored.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The restoration of mine unit B has been approved by the Wyoming Department of Environmental
Quality, and is waiting for approval from the NRC. We have restored the groundwater at mine unit A
to pre-mining quality standards, and continue to monitor the area&#146;s environmental performance. We
have received regulatory approval for the restoration at mine unit A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our estimated cost of decommissioning the property is $111.5&nbsp;million (US). We have provided the
State of Wyoming with a $111.5&nbsp;million (US)&nbsp;letter of credit as security for decommissioning the
property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kazakhstan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is subject to decommissioning liabilities, largely defined by the terms of the resource
use contract. Inkai has established a separate bank account and made the required contributions to
the account as security for decommissioning. Contributions are set as a percentage of gross revenue
and are capped at $500,000 (US). Inkai has funded the full amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the resource use contract, Inkai must submit a plan for decommissioning the mining facility
to the government six months before mining activities are complete. Inkai has established a
preliminary plan and an estimate of total decommissioning costs of $7&nbsp;million (US). It updates the
plan every five years, or when there is a significant change at the operation that could affect
decommissioning estimates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Groundwater is not actively restored post-mining in Kazakhstan. See page 79 for additional details.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633109"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>The regulatory environment</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This section, and the section <I>Complying with environmental regulations </I>starting on page 80,
discuss some of the more significant government controls and regulations that have a material
effect on our business. We are not aware of any proposed legislation or changes to existing
legislation that could have a material effect on our business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>International treaty on the non-proliferation of nuclear weapons</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Treaty on the Non-Proliferation of Nuclear Weapons (NPT)&nbsp;is an international treaty that
was established in 1970. It has three objectives:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to prevent the spread of nuclear weapons and weapons technology</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to foster the peaceful uses of nuclear energy</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to further the goal of achieving general and complete disarmament.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The NPT establishes a safeguards system under the responsibility of the International Atomic Energy
Agency. Almost all countries are signatories to the NPT, including Canada, the US, the United
Kingdom and France. We are therefore subject to the NPT and comply with the International Atomic
Energy Agency&#146;s requirements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Industry regulation and permits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Canada</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Canadian operations have regulatory obligations to both the federal and provincial
governments. There are five main regulatory agencies that issue licences and approvals:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CNSC (federal)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fisheries and Oceans Canada (federal)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Transport Canada (federal)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Saskatchewan Ministry of Environment</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Ontario Ministry of Environment.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Environment Canada (federal)&nbsp;is also a main regulatory agency, but does not issue licences and
approvals.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium industry regulation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The government of Canada recognizes the special importance of the uranium industry to Canada&#146;s
national interest, and regulates the industry through legislation and regulations, and exerts
additional control through government policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Federal legislation applies to any uranium property or plant in Canada that the CNSC determines is
producing or processing uranium for use in nuclear fuel, or has the capability to do so. Federal
policy requires that any property or plant used for this purpose must be legally and beneficially
owned by a company incorporated in Canada.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mine ownership restrictions</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The federal government has instituted a policy that restricts ownership of Canadian uranium mining
properties to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a minimum of 51% ownership by residents</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a basic maximum limit of 49% ownership by non-residents of uranium properties at the first
stage of production.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The government may grant exceptions. For example, resident ownership may be less than 51% if the
property is Canadian-controlled. Exceptions will only be granted in cases where it is demonstrated
that Canadian partners cannot be found, and it must receive Cabinet approval.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The government issued a letter to the Canadian uranium industry on December&nbsp;23, 1987, outlining the
details of this ownership policy. On March&nbsp;3, 2010, the government announced its intention to
liberalize the foreign investment restrictions on Canada&#146;s uranium mining sector to &#147;ensure that
unnecessary regulation does not inhibit the growth of Canada&#146;s uranium mining industry by unduly
restricting foreign investment&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">86&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Cameco ownership restriction</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are subject to ownership restrictions pursuant to the <I>Eldorado Nuclear Limited Reorganization
and Divestiture Act</I>, which restricts the issue, transfer and ownership, including joint ownership,
of Cameco shares to prevent both residents and non-residents of Canada from owning or controlling
more than a certain percentage of shares. See pages 113 and 114 for more information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Industry governance</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The <I>Canadian Nuclear Safety and Control Act </I>(NSCA)&nbsp;governs the control of the mining, extraction,
use and export of uranium in Canada. It is a federal statute, authorizing the CNSC to make
regulations governing all aspects of the development and application of nuclear energy, including
uranium mining, milling, conversion, fabrication and transportation. It grants the CNSC licensing
authority for all nuclear activities in Canada. A person may only possess or dispose of nuclear
substances and build, operate and decommission its nuclear facilities according to the terms and
conditions of a CNSC licence. Licensees must satisfy specific conditions of the licence in order to
maintain the right to operate their nuclear facilities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The NSCA emphasizes the importance of environmental as well as health and safety matters, and
requires licence applicants and licensees to have adequate provisions for protection.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Regulations made under the NSCA include provisions for dealing with the licence requirements of
facilities, radiation protection, physical security for all nuclear facilities and the transport of
radioactive materials. The CNSC has also issued regulatory guidance documents to assist licensees
in complying with regulatory requirements such as decommissioning, emergency planning, and
optimizing radiation protection measures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All of our Canadian operations are governed primarily by licences granted by the CNSC and are
subject to all federal statutes and regulations that apply to us, and all the laws that generally
apply in the province where the operation is located, unless there is a conflict with the terms and
conditions of the licence or the federal laws that apply to us.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium export</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We must secure export licences and export permits from the CNSC and the Department of Foreign
Affairs and International Trade in order to export our uranium.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Land tenure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Most of our uranium reserves and resources are located in the province of Saskatchewan:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a <I>mineral claim </I>from the province gives us the right explore for minerals (other government
approvals are required to carry out surface exploration)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a <I>crown lease </I>with the province gives us the right to mine the minerals on the property</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a <I>surface lease </I>with the province gives us the right to use the land for surface facilities
and mine shafts while mining and reclaiming the land.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A mineral claim has a term of two years, with the right to renew for successive one-year periods.
Generally, the holder has to spend a certain amount on exploration to keep the mineral claim in
good standing. If we spend more than the amount required, the extra amount can be applied to future
years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A holder of a mineral claim in good standing has the right to convert it into a crown lease. A
crown lease is for 10&nbsp;years, with a right to renew for additional 10-year terms. The lessee must
spend a certain amount on work during each year of the crown lease. The lease cannot be terminated
unless the lessee defaults on any terms of the lease, or under any provisions of <I>The Crown Minerals
Act </I>(Saskatchewan) or regulations under it, including any prescribed environmental concerns. Crown
leases can be amended unilaterally by the lessor by an amendment to <I>The Crown Minerals Act</I>
(Saskatchewan) or <I>The Mineral Disposition Regulations, 1986 </I>(Saskatchewan).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A surface lease can be for up to 33&nbsp;years, as necessary for operating the mine and reclaiming the
land. The province also uses surface leases to specify other requirements relating to environmental
and radiation protection as well as socioeconomic objectives.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity regulation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s operations are heavily regulated. The CNSC regulates the Bruce nuclear generation stations
through its powers under the NSCA (see <I>Uranium industry regulation </I>above). It also monitors the
safety performance of the Bruce nuclear generating stations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Licences issued by the CNSC stipulate that BPLP must report regularly on its operations. BPLP is
also regulated by the <I>Nuclear Liability Act </I>(as discussed below), as well as other general
legislation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Licence renewals</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP operates the Bruce B nuclear reactors under a CNSC licence issued to BPLP&#146;s general partner,
Bruce Power Inc. In 2009, CNSC renewed the Bruce B operating licence for a term through October&nbsp;31,
2014. BPLP was not required to provide financial assurances under the Bruce B operating licence
because the CNSC determined that the preliminary decommissioning plan and the financial assurances
which BPLP provides to OPG under its lease with OPG are adequate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are indemnified by BALP for any calls on the assurances resulting from operation of the Bruce A
units.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Liability insurance</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The <I>Nuclear Liability Act </I>requires operators of nuclear generating facilities to purchase specific
amounts of nuclear liability insurance from the Nuclear Liability Association of Canada. The
<I>Nuclear Liability Act </I>imposes liability and currently requires the operator of nuclear stations to
maintain $75&nbsp;million of liability insurance for each of its nuclear stations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The <I>Nuclear Liability Act </I>has two parts:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under <I>Part&nbsp;I</I>, an operator is strictly liable for any damage to public property or personal
injury arising from a nuclear incident (as it defines), other than damage resulting from
sabotage or acts of war. If the Governor in Council is of the opinion that an operator&#146;s
liability for a nuclear incident could be higher than $75&nbsp;million, or it would be in the
public interest to provide special measures for compensation, the Governor in Council may
proclaim Part&nbsp;II in effect.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under <I>Part&nbsp;II</I>, an operator is liable for the amount of insurance. The Governor in Council
may authorize the federal government to pay funds for claims exceeding that amount.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The federal government has introduced legislation in the House of Commons that would significantly
change the <I>Nuclear Liability Act</I>. It includes, among other things, requirements for the operator to
maintain $650&nbsp;million of insurance for each of its nuclear stations for liability it imposed. If
this legislation becomes law, it will result in a significant increase in the cost and amount of
insurance coverage BPLP must obtain.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Ontario</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP sells electricity into the wholesale spot market and contract market.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Ontario regulatory framework has an impact on BPLP&#146;s marketing of electricity, particularly the
wholesale market where BPLP sells most of its production. The Ontario government took steps in 2005
and February&nbsp;2006 to mitigate the impact of higher electricity prices on the province&#146;s large
industrial and commercial customers by regulating the price of electricity produced by OPG&#146;s base
load nuclear and hydro assets, and establishing revenue limits on the output of some of OPG&#146;s other
assets. This affected approximately 55,000 large industrial and commercial customers who consume
more than 250,000 kilowatt hours per year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP expects these actions to depress the wholesale contract market, which is unregulated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>United States</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Uranium industry regulation</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the US, uranium recovery is regulated primarily by the NRC according to the <I>Atomic Energy Act of
1954</I>, as amended. Its primary function is to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ensure employees, the public and the environment are protected from radioactive materials</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>regulate most aspects of the uranium recovery process.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">88&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The NRC&#146;s regulations for uranium recovery facilities are codified in <I>Title 10 of the Code of
Federal Regulations</I> (10 CFR). It issues Domestic Source Material Licences under 10 CFR, Part&nbsp;40. The <I>National
Environmental Policy Act </I>(NEPA)&nbsp;governs the review of licence applications, which is implemented
through 10 CFR, Part&nbsp;51.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Wyoming</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The uranium recovery industry is also regulated by the Wyoming Department of Environmental Quality,
the Land Quality Division according to the <I>Wyoming Environmental Quality Act </I>(WEQA)&nbsp;and the <I>Land
Quality Division Non-Coal Rules and Regulations </I>under the WEQA. According to the state act, the
Wyoming Department of Environmental Quality issues a permit to mine. The Land Quality Division
administers the permit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The state also administers a number of Environmental Protection Agency (EPA)&nbsp;programs under the
<I>Clean Air Act </I>and the <I>Clean Water Act. </I>Some of the programs, like the <I>Underground Injection Control
Regulations</I>, are incorporated in the <I>Land Quality Division Non-Coal Rules and Regulations</I>. Wyoming
currently requires wellfield decommissioning to the standard of pre-mining use.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Nebraska</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The uranium recovery industry is regulated by the Nuclear Regulatory Commission, and the Nebraska
Department of Environmental Quality according to the <I>Nebraska Environmental Protection Act</I>. The
Nebraska Department of Environmental Quality issues a permit to mine. The state requires wellfield
groundwater be restored to the class of use water standard.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At Smith Ranch-Highland and Crow Butte, safety is regulated by the federal Occupational Safety and
Health Administration.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other governmental agencies are also involved in the regulation of the uranium recovery industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The NRC also regulates the export of uranium from the US and the transport of nuclear materials
within the US. It does not review or approve specific sales contracts. It also grants export
licences to ship uranium outside the US.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Land tenure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our uranium reserves and resources in the US are held by subsidiaries that are located in Wyoming
and Nebraska. The right to mine or develop minerals is acquired either by leases from the owners
(private parties or the state) or mining claims located on property owned by the US federal
government. Our subsidiaries acquire surface leases that allow them to install wellfields and
conduct ISR mining.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kazakhstan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See <I>Kazakhstan government and legislation </I>on page 37.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Royalties and taxes</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Canadian royalties</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We pay royalties to the province of Saskatchewan under the terms of Part&nbsp;III of the <I>Crown Mineral
Royalty Schedule</I>, 1986 (Saskatchewan), as amended. The royalty applies to the sale of all uranium
extracted from orebodies in the province.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The schedule includes two kinds of royalties:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>basic royalty</I>: 5% of gross sales of uranium, less the Saskatchewan resource credit (1% of
the gross sales of uranium)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>tiered royalty</I>: an additional percentage of gross sales of uranium, when the realized sales
price of uranium (after deducting capital allowances) is higher than the sales prices listed
in the schedule.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We claimed all of our capital allowances in 2007 and started to pay tiered royalties that year. We
will be eligible for additional capital allowances once Cigar Lake begins production. We expect not
to have to pay tiered royalties until these additional allowances have been used.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a resource corporation in Saskatchewan, we pay a corporate resource surcharge of 3.0% of the
value of resource sales.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Canadian income taxes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are subject to federal income tax and provincial taxes in Saskatchewan and Ontario. Current
income tax recovery for 2010 was $12.3&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royalties are fully deductible for income tax purposes. For Ontario tax purposes, we are charged an
additional tax (at normal Ontario corporate tax rates) if the royalty deduction exceeds a notional
Ontario resource allowance. Our Ontario fuel services operations and BPLP are eligible for a
manufacturing and processing tax credit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since 2008, Canada Revenue Agency (CRA)&nbsp;has disputed the transfer pricing methodology we used for
certain uranium sale and purchase agreements and issued notices of reassessment for our 2003, 2004
and 2005 tax returns. We believe it is likely that CRA will reassess our tax returns for 2006
through 2010 on a similar basis. Our view is that CRA is incorrect, and we are contesting its
position.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In July&nbsp;2009, we filed a Notice of Appeal relating to the 2003 reassessment with the Tax Court of
Canada. In November&nbsp;2010, we filed a Notice of Appeal relating to the 2004 reassessment with the
Tax Court of Canada. We intend to object to the 2005 reassessment and pursue our appeal rights
under the <I>Income Tax Act</I>. However, to reflect the uncertainties of CRA&#146;s appeals process and
litigation, we have provided $27&nbsp;million for uncertain tax positions for the years 2003 through
2010. We believe that the ultimate resolution of this matter will not be material to our financial
position, results of operations or liquidity over the period. However, an unfavourable outcome for
the years 2003 to 2010 could be material to our financial position, results of operations or cash
flows in the year(s) of resolution. See note 18 to the financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>US taxes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our subsidiaries in Wyoming and Nebraska pay severance taxes and property taxes in those states.
They paid $4.3&nbsp;million (US)&nbsp;in taxes in 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our US subsidiaries are subject to US federal and state income tax. They may also be subject to the
Alternative Minimum Tax (AMT)&nbsp;at a rate of 20%. We can carry forward AMT paid in prior years
indefinitely, and apply it as credit against future regular income taxes. Current income tax
recovery for 2010 was $1.3&nbsp;million (US).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kazakhstan taxes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The resource use contract lists the taxes, duties, fees, royalties and other governmental charges
Inkai has to pay.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On January&nbsp;1, 2009, a new tax code of the Republic of Kazakhstan went into effect that includes a
number of changes to the taxation regime of subsoil users. The most significant changes involve
eliminating the stable tax regime, imposing a mineral extraction tax and changing the payment rate
for commercial discovery.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Tax stabilization eliminated</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In October&nbsp;2009, at the request of the Kazakhstan Ministry of Energy and Mineral Resources, Inkai
signed an amendment to the resource use contract to adopt the new tax code, eliminating the tax
stabilization provision. We do not expect the new tax code to have a material impact on Inkai at
this time, but eliminating the tax stabilization provision could be material in the future. Please
see page 36 for more information about the resource use contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Corporate income tax rate</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the new tax code, Inkai is subject to corporate income tax at a rate of 20%.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mineral extraction tax</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The tax code includes a <I>Tax on Production of Useful Minerals</I>, a new mineral extraction tax
replacing the previous royalty. The mineral extraction tax must be paid on each type of mineral and
certain other substances that are extracted. Starting from January&nbsp;1, 2011 the rate used to
calculate the mineral extraction tax on uranium is 22%. Previously, Inkai would pay royalties that
were calculated on a graduated scale, based on the sales price of production each year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">90&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Payment for commercial discovery</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the resource use contract, a one-time commercial discovery bonus of 0.05% of the value of
Kazakh-defined recoverable reserves is paid when there is confirmation that Kazakh-defined
recoverable reserves are located in a particular licence area. Under the tax code, that rate
increases to 0.1%.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Excess profits tax</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The tax code calculates the excess profits tax differently. Inkai believes it will not have to pay
this tax for the foreseeable future.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Risks that can affect our business</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are risks in every business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The nature of <I>our </I>business means we face many kinds of risks and hazards &#151; some that relate to the
nuclear energy industry in general, and others that apply to specific properties, operations or
planned operations. These risks could have a significant impact on our business, earnings, cash
flows, financial condition, results of operations or prospects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following section describes the risks that are most material to our business. This is not,
however, a complete list of the potential risks we face &#151; there may be others we are not aware of,
or risks we feel are not material today that could become material in the future. We have
comprehensive systems and procedures in place to manage these risks, but there is no assurance that
we will be successful in preventing the harm that any of these risks could cause.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please also see the risk discussion in our 2010 MD&#038;A.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 8pt">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Types of risk</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operational</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Political</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Regulatory</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">102</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Environmental</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Legal and other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Industry</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1 &#151; Operational risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>General operating risks and hazards</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are subject to a number of operational risks and hazards, many of which are beyond our
control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These risks and hazards include:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6pt">
    <TD width="89%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; environmental damage (including
hazardous emissions from our refinery and
conversion facilities, like a release of
UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> or a leak of anhydrous
hydrogen fluoride used in the
UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion process)</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; industrial and transportation
accidents, which may involve radioactive or
other hazardous materials</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; labour shortages, disputes or
strikes</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; cost increases for contracted or
purchased materials, supplies and services</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; shortages of required materials and
supplies (including the availability of
acid for Inkai&#146;s operations in Kazakhstan
and hydrofluoric acid at our conversion
facilities)</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; transportation disruptions</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; electrical power interruptions</DIV><br style="font-size: 6pt"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; equipment failures</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; catastrophic accident</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; fires</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; blockades or other acts of social or political
activism</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; regulatory constraints</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; natural phenomena, such as inclement weather
conditions, floods and earthquakes</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; unusual or unexpected geological or hydrological
conditions</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; underground floods</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; ground movement or cave-ins</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; tailings pipeline or dam failures</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; adverse mining conditions</DIV><br style="font-size: 6pt">
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; technological failure of mining methods.</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">92&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that any of the above risks will not result in:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6pt">
    <TD width="95%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; damage to or destruction of our properties and facilities located on these properties</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; personal injury or death </DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; environmental damage</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; delays in, interruptions of, or decrease in
production
at our mines, our mills, our refining, conversion or fuel
manufacturing facilities, our exploration or development
activities or transportation of our products</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; interruptions or decreases in electricity generation from BPLP</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</div></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; costs, expenses or monetary losses </DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; legal liability</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</div></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; adverse government action. </DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">&nbsp;</div></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any of these events could result in one or more of our operations becoming unprofitable, cause us
not to receive an adequate return on invested capital, or have a material and adverse effect on our
earnings, cash flows, financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Insurance coverage</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We buy insurance to cover losses or liabilities arising from some of the operating risks and
hazards listed above. We believe we have a reasonable amount of coverage for the risks we choose to
insure against. There is no assurance, however, that this coverage will be adequate in all
circumstances, that it will continue to be available, that premiums will be economically feasible,
or that we will maintain this coverage. Like other nuclear energy and mining companies, we do not
have insurance coverage for certain environmental losses or liabilities and other risks, either
because it is not available, or because it cannot be purchased at a reasonable cost.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not having the right insurance coverage or the right amount of coverage, or choosing not to insure
against certain risks, could have a material and adverse effect on our earnings, cash flows,
financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Flooding at our Saskatchewan mines</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All of our operating mines in Saskatchewan have had water inflows, and our Cigar Lake
development project in Saskatchewan has flooded in the past.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 2%"><B>McArthur River</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The sandstone that overlays the basement rocks of the McArthur River deposit contains large
volumes of water at significant pressure. Ground freezing at McArthur River generally prevents
water from flowing into the area being mined, but there are technical challenges with the
groundwater and rock properties.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">We temporarily suspended production at our McArthur River mine in April&nbsp;2003 because increased
water inflow from an area of collapsed rock in a new development area began to flood portions of
the mine. This caused a major setback in the development of new mining zones.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 2%"><B>Cigar Lake</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The Cigar Lake deposit has hydro-geological characteristics and technical challenges that are
similar to those at McArthur River. We have had three water inflows at Cigar Lake since 2006
(please see pages 49 and 50 for details).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">These water inflows have caused:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a significant delay in development and production at the property</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a significant increase in capital costs</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the need to notify many of our customers of the interruption in planned uranium supply.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 2%"><B>Rabbit Lake</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">We temporarily reduced our underground activities at Rabbit Lake in November&nbsp;2007, because there
was an increase in water flow from a mining area while an equipment upgrade was limiting surface
water-handling system capacity. Rabbit Lake resumed normal mining operations in late December
2007, after the source of the water inflow was plugged.
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no guarantee that there will not be water inflows at McArthur River, Cigar Lake or Rabbit
Lake in the future. A water inflow could have a material and adverse effect on us, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>significant delays or interruptions in production or lower production</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>significant delays or interruptions in mine development or remediation activities</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>loss of mineral reserves</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a material increase in capital or operating costs.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It could also have a material and adverse effect on our earnings, cash flows, financial condition,
results of operations or prospects. The degree of impact depends on the magnitude, location and
timing of the flood or water inflow. Floods and water inflows are generally not insurable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Technical challenges at Cigar Lake and McArthur River</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The unique nature of the deposits at McArthur River and Cigar Lake pose many technical
challenges, including groundwater management, unstable rock properties, radiation protection,
mining methods, ore-handling and transport. If we are unable to resolve any of these technical
challenges, it could have a material and adverse effect on our earnings, cash flows, financial
condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Tailings management</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Key Lake and Rabbit Lake mills produce tailings. Managing these tailings is integral to
uranium production.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 2%"><B>Key Lake</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The Key Lake mill deposits tailings from processing McArthur River ore into the Deilmann TMF. In
February&nbsp;2009, we received regulatory approval to deposit the tailings at a higher elevation at
that facility. This gives us five to six years of capacity at current production rates, assuming
we experience only minor losses in storage capacity because of sloughing from the pit walls. We
also completed prefeasibility work in 2009, to assess our options for additional long-term
tailings storage. Technical studies and environmental assessment work are underway to support our
application for regulatory approval to deposit tailings at a significantly higher elevation in
the Deilmann TMF. This would provide us with enough tailings capacity to support many more years
of mill production.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 2%"><B>Rabbit Lake</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The Rabbit Lake in-pit tailings management facility has the capacity to store tailings from
milling ore from
Rabbit Lake and a portion of Cigar Lake uranium solution until mid-2016. We are planning for an
expansion of the tailings management facility to be ready by mid-2016. This will support the
extension of Rabbit Lake&#146;s mine life, accommodate tailings from processing Cigar Lake solution,
and provide a modest increase in tailings capacity. We need to complete an environmental
assessment to receive regulatory approval for the expansion in tailings capacity.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If sloughing or other issues prevent us from maintaining the existing tailings management capacity
at the Deilmann TMF and Rabbit Lake pit, or if we are delayed or do not receive regulatory approval
for new or expanded tailings facilities, uranium production could be constrained and this could
have a material and adverse effect on our earnings, cash flows, financial condition or results of
operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Aging facilities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Key Lake and Rabbit Lake mills are old and being refurbished. Our Port Hope fuel services
facilities are also aging. This exposes us to a number of risks, including the potential for higher
maintenance and operating costs, the need for significant capital expenditures to upgrade and
refurbish these facilities, the potential for decreases or delays in, or interruption of, uranium
and fuel services production, and the potential for environmental damage.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s nuclear generating stations are also aging. Testing and inspection programs have identified
issues relating to the equipment life cycle, including corrosion of the steam generator tube,
thinning of the feeder pipe wall and contact between the pressure tube and calandria tube. While we
understand these conditions are a function of design, the equipment has degraded more quickly than
anticipated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No nuclear generating station using Candu technology has completed a full life cycle yet, so it is
possible that BPLP may have to invest a significant amount of capital in repairing or replacing
this and other equipment. BPLP may need
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">94&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">to increase its preventive maintenance programs and allow more outage time (a period when a nuclear
reactor is not operating) than currently planned.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These risks could have a material and adverse effect on our earnings, cash flows, financial
condition or results of operations or on BPLP&#146;s contribution to our earnings, cash flows, financial
condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reliance on development and expansion projects to fuel growth</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our ability to increase our uranium production depends in part on successfully developing new
mines and/or expanding existing operations. Cigar Lake is our major development project and we have
several other projects under evaluation: expansion of production from Inkai blocks 1 and 2 and
development of Inkai block 3 in Kazakhstan, McArthur River extension, expansion of production from
our US ISR operations, development of Millennium in Saskatchewan, and development of Kintyre in
Australia.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Several factors affect the economics and success of development projects:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6pt">
    <TD width="95%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; capital and operating costs</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; metallurgical recoveries</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; the accuracy of reserve estimates</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; government regulations</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; availability of appropriate
infrastructure, particularly power and
water</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; future uranium prices</DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; the accuracy of feasibility studies</DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; acquiring surface or other land rights</DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp; receiving necessary government permits.</DIV></TD>
<TD></TD>
<TD></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Development projects have no operating history that can be used to estimate future cash flows. We
have to invest a substantial amount of capital and time to develop a project and achieve commercial
production. A change in costs or construction schedule can affect the economics of a project.
Actual costs could increase significantly and economic returns could be materially different from
our estimates. We could fail to obtain the necessary governmental approvals for construction or
operation. In any of these situations, a development project might not proceed according to its
original timing, or at all.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is not unusual in the nuclear energy or mining industries for new operations to experience
unexpected problems during start-up, resulting in delays, higher capital expenditures than
anticipated and reductions in planned production. Delays, additional costs or reduced production
could have a material and adverse effect on our earnings, cash flows, financial condition, results
of operations or prospects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance we will be able to complete the development of new mines, or expand existing
operations, economically or on a timely basis.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Developing additional reserves to sustain operations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The McArthur River, Rabbit Lake and Inkai mines are currently our main sources of mined uranium
concentrates. We expect the reserves at our Rabbit Lake mine to be depleted in 2017.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As the reserves at these mines are depleted, our mineral reserves will decrease. We may not be able
to sustain production if:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Cigar Lake deposit is not successfully developed and does not achieve its planned level
of production</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Inkai block 3, Millennium and Kintyre deposits are not successfully developed</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>production from our US ISR sites is not increased</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we do not identify, discover or acquire other deposits</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we do not find extensions to existing orebodies, or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we do not convert resources to reserves at our mines and development projects.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This could have a material and adverse effect on our earnings, cash flows, financial condition,
results of operations or prospects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although we have successfully replenished reserves in the past through ongoing exploration,
development and acquisition programs, there is no assurance that we will be successful in our
current or future exploration, development or acquisition efforts. We believe that Cigar Lake will
achieve its planned levels of production, but there is no assurance it will.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Annual information form&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Nuclear operations risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Risks, hazards and potential legal liability with nuclear power</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Operating nuclear generating stations has inherent risks, including a substantial risk of liability
and the potential for operating costs to rise significantly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Risks and hazards can result from structural problems, technological problems, nuclear fuel supply,
equipment failures, maintenance requirements, regulatory and environmental constraints, security
requirements and the storage, handling and disposal of radioactive materials, among other things.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s risk management strategies include the safety systems that are a part of Candu technology,
but there is no assurance that risk can be minimized or eliminated. An accident at a nuclear
installation anywhere in the world, or other issues, could prompt the CNSC to limit the electrical
output or the operation of the Bruce nuclear generation stations, or impose significant conditions
on its licence. Any type of accident could also have an impact on the future prospects for nuclear
generation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that these risks and hazards will not result in:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>damage to or destruction of BPLP&#146;s nuclear facilities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>personal injury or death</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>environmental damage</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>delays in, interruption or decrease of electrical generation or halting
of electrical generation from BPLP&#146;s facilities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>costs, expenses or monetary losses</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>legal liability</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adverse government action.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any of these things could have a material and adverse effect on our earnings, cash flows, financial
condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Impact of unplanned or extended outages on electrical production</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We can be affected by planned outages that are significantly longer than scheduled, and unplanned
outages that extend over a period of time. Either of these situations could result in less
electricity generated than expected, which could significantly affect BPLP&#146;s contribution to our
earnings, cash flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Dependence on reliable transmission systems</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s ability to sell electricity depends on the capacity, reliability and regulation of the
Ontario electricity transmission system and other North American electricity transmission systems
that are connected to the Ontario grid. Inadequate or unreliable electricity transmission capacity
or disruptions in electricity transmission systems could have a material and adverse effect on
BPLP&#146;s contribution to our earnings, cash flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Impact of weather and economic conditions on electrical production</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s earnings are sensitive to variations in the weather. Variations in winter weather affect the
demand for electrical heating, while variations in summer weather affect the demand for electrical
cooling.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Industrial and wholesale demand for electricity in Ontario has decreased because of weak economic
conditions in the province and some parts of North America. Wholesale demand has declined
significantly since 2004, however, Ontario demand in 2010 was up by 2% or 3 TWh compared to 2009.
While this increase signals a positive change in the economy, we believe it will take some time for
demand to return to prior levels.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Dependence on a single contractor</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP depends on OPG and AECL as single source contractors for certain nuclear support services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Relying on a single contractor creates a security supply risk for BPLP. If either of these
suppliers does not provide quality service, timely service, or in the case of OPG, agree to extend
the term of short-term material service agreements, it could have a material and adverse effect on
BPLP&#146;s contribution to our earnings, cash flows, financial condition or results of operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">96&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Major nuclear incident risk</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although the safety record of nuclear reactors has generally been very good, there have been
accidents and other unforeseen problems in the former USSR, the United States and in other
countries. The consequences of a major incident can be severe and include loss of life, property
damage and environmental damage. Any resulting liability from a major nuclear incident could exceed
BPLP&#146;s resources, and its insurance coverage. In addition, an accident or other significant event
at a nuclear plant &#151; owned by others or by BPLP &#151; could result in increased regulation, less
public support for nuclear fueled energy, lower demand for uranium and lower uranium prices. This
could significantly affect BPLP&#146;s contribution to our earnings, cash flows, financial condition or
results of operations and have a material and adverse effect on our own earnings, cash flows,
financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Labour and employment</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">People are core to our business. We compete with other nuclear energy and mining companies for
talented, quality people, and we may not always be able to fill positions on a timely basis. There
is a limited pool of skilled people and competition is intense. We will need additional financial,
administrative, technical and operations staff to fill key positions as our business activity grows
and we experience employee turnover because of an aging workforce.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If we cannot attract and train qualified successors for our senior and operating positions, it
could reduce the efficiency of our operations and have an adverse effect on our earnings, cash
flows, financial condition or results of operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have unionized employees and face the risk of strikes. At December&nbsp;31, 2010, we had 3,300
employees (including employees of our subsidiaries, but not including Inkai or BPLP). This includes
890 unionized employees at McArthur River, Key Lake, Port Hope and at CFM&#146;s facilities, who are
members of four different locals of the United Steelworkers trade union. BPLP has 3,700 employees,
and most of them are unionized.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The collective agreement with the bargaining unit employees at CFM expires on June&nbsp;1, 2012.
This agreement was signed following a three-month strike in 2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The collective agreement with the bargaining unit employees at the McArthur River and Key
Lake operations expires on December&nbsp;31, 2013.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The collective agreement with the bargaining unit employees at the Port Hope conversion
facility expires on June&nbsp;30, 2013.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BPLP&#146;s collective agreements with both the Power Workers&#146; Union and The Society of Energy
Professionals expired in December&nbsp;2010. BPLP has reached a tentative agreement with the Power
Workers&#146; Union and discussions with the Society are underway.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We cannot predict whether we or BPLP will reach new collective agreements with these and other
employees without a work stoppage or work interruptions while negotiations are underway.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">From time to time, the mining or nuclear energy industry experiences a shortage of tradespeople and
other skilled or experienced personnel globally, regionally or locally. We have a comprehensive
strategy to attract and retain high calibre people, but there is no assurance this strategy will
protect us from the effects of a labour shortage.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A lengthy work interruption or labour shortage could have an adverse effect on our earnings, cash
flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Joint ventures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We participate in McArthur River, Key Lake, Cigar Lake, Inkai, Millennium, Kintyre, BPLP and
GLE through joint ventures with third parties. Some of these joint ventures are unincorporated,
some are incorporated (like Inkai and GLE) and some are partnerships or limited partnerships (like
BPLP). We have other joint ventures and may enter into more in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are risks associated with joint ventures, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disagreement with a joint venture partner about how to develop, operate or finance a
project</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a joint venture partner not complying with a joint venture agreement</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>possible litigation between joint venture partners about joint venture matters</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the inability to exert control over decisions related to a joint venture we do not have a
controlling interest in.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our joint venture partner in Kazakhstan is a state entity, so its actions and priorities could be
dictated by government policies instead of commercial considerations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These risks could result in legal liability, affect our ability to develop or operate a project
under a joint venture, or have a material and adverse effect on our earnings, cash flows, financial
condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium exploration is highly speculative</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Uranium exploration is highly speculative and involves many risks, and few properties that are
explored are ultimately developed into producing mines.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Even if mineralization is discovered, it can take several years in the initial phases of drilling
until a production decision is possible, and the economic feasibility of developing an exploration
property may change over time. We are required to make a substantial investment to establish proven
and probable mineral reserves, to determine the optimal metallurgical process to extract minerals
from the ore, to construct mining and processing facilities (in the case of new properties) and to
extract and process the ore. We might abandon an exploration project because of poor results or
because we feel that we cannot economically mine the mineralization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Given these uncertainties, there is no assurance that our exploration activities will be successful
and result in new reserves to expand or replace our current mineral reserves.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Infrastructure</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mining, processing, development and exploration can only be successful with adequate
infrastructure. Reliable roads, bridges, power sources and water supply are important factors that
affect capital and operating costs and the ability to deliver products on a timely basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our activities could be negatively affected if unusual weather, interference from communities,
government or others, aging, sabotage or other causes affect the quality or reliability of the
infrastructure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A lack of
adequate infrastructure could have a material and adverse effect on our earnings, cash
flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Supplies and contractors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Supplies</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We buy reagents and other production inputs and supplies from suppliers around the world. If there
is a shortage of any of these supplies, including parts and equipment, or their costs rise
significantly, it could limit or interrupt production or increase production costs. It could also
have an adverse effect on our ability to carry out operations or have a material and adverse effect
on our earnings, cash flows, financial condition or results of operations. We are examining our
entire supply chain to identify areas to diversify or add inventory where we may be vulnerable, but
there is no assurance that we will be able to mitigate the risk.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Contractors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In some cases we rely on a single contractor to provide us with reagents or other production inputs
and supplies. Relying on a single contractor is a security supply risk because we may not receive
quality service, timely service, or service that otherwise meets our needs. These risks could have
a material and adverse effect on our earnings, cash flows, financial condition or results of
operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2 &#151; Political risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Foreign investments and operations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We do business in countries and jurisdictions outside of Canada and the United States,
including the developing world, and invest in companies that also carry out these activities in
these countries. Doing business in these countries poses risks because they have different
economic, cultural, regulatory and political environments. Future economic and political conditions
could also cause the governments of these countries to change their policies on foreign
investments, development and ownership of mineral resources, or impose other restrictions,
limitations or requirements that we may not foresee today.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">98&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Risks related to doing business in a foreign country can include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uncertain political and economic environments</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>strong governmental control and regulation</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>lack of an independent judiciary</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>war, terrorism and civil disturbances</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>crime, corruption, making improper payments or providing benefits that may violate Canadian
or United States law or laws relating to foreign corrupt practices</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unexpected changes in governments and regulatory officials</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uncertainty or disputes as to the authority of regulatory officials</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>changes in a country&#146;s laws or policies, including those related to mineral tenure, mining,
imports, exports, tax, duties and currency</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cancellation or renegotiation of permits or contracts</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>royalty and tax increases or other claims by government entities, including retroactive
claims</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expropriation and nationalization</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>delays in obtaining the necessary permits or the inability to obtain or maintain them</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>currency fluctuations</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>high inflation</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>joint venture partners falling out of political favour</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>restrictions on local operating companies selling their production offshore, and holding US
dollars or other foreign currencies in offshore bank accounts</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>import and export regulations, including restrictions on the export of uranium</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>limitations on the repatriation of earnings</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increased financing costs.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If one or more of these risks occur, it could have a material and adverse effect on our earnings,
cash flows, financial condition, results of operations or prospects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also risk being at a competitive disadvantage to companies from countries that are not subject
to Canadian or United States law or laws relating to foreign corrupt practices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We enter into joint venture arrangements with local partners from time to time to mitigate
political risk. There is no assurance that these joint ventures will mitigate our political risk in
a foreign jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We assess the political risk associated with each of our foreign investments and have political
risk insurance to mitigate part of the losses that can arise from some of these risks. From time to
time, we assess the costs and benefits of maintaining this insurance and may decide not to buy this
coverage in the future. There is no assurance that the insurance will be adequate to cover every
loss related to our foreign investments, that coverage will continue to be available or that
premiums will be economically feasible. These losses could have a material and adverse effect on
our earnings, cash flows, financial condition or results of operations if they are not adequately
covered by insurance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kazakhstan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai has a contract with the Kazakhstan government and was granted licences to conduct mining and
exploration activities there. Its ability to conduct these activities, however, depends on licences
being renewed and other government approvals being granted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To maintain and increase production at Inkai, we need ongoing support, agreement and co-operation
from our partner, Kazatomprom, and from the government. Kazakh foreign investment, environmental
and mining laws and regulations are still developing, so it can be difficult to predict how they
will be applied. Inkai&#146;s best efforts may therefore not always reflect full compliance with the
law, and non-compliance can lead to an outcome that is disproportionate to the nature of the
breach.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Subsoil law</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amendments to the subsoil law in 2007 allow the government to reopen resource use contracts in
certain circumstances, and in 2009, the Kazakhstan government passed a resolution that classified
231 blocks, including all three Inkai blocks, as strategic deposits. These actions may increase the
government&#146;s ability to expropriate Inkai&#146;s properties in certain situations. In 2009, at the
request of the Kazakhstan government, Inkai amended the resource use contract to adopt a new tax
code, even though the government had agreed to tax stabilization provisions in the original
contract.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A new subsoil use law went into effect in 2010 that weakens the stabilization guarantee of the
prior law. This development reflects increased political risk in Kazakhstan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Nationalization</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Industries like mineral production are regarded as nationally or strategically important, but there
is no assurance they will not be expropriated or nationalized. Government policy can change to
discourage foreign investment and renationalize mineral production, or the government can implement
new limitations, restrictions or requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that our assets in Kazakhstan and other countries will not be nationalized,
taken over or confiscated by any authority or body, whether the action is legitimate or not. While
there are provisions for compensation and reimbursement of losses to investors under these
circumstances, there is no assurance that these provisions would restore the value of our original
investment or fully compensate us for the investment loss. This could have a material and adverse
effect on our earnings, cash flows, financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Government regulations</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our operations in Kazakhstan may be affected in varying degrees by government regulations
restricting production, price controls, export controls, currency controls, taxes and royalties,
expropriation of property, environmental, mining and safety legislation, and annual fees to
maintain mineral properties in good standing. There is no assurance that the laws in Kazakhstan
protecting foreign investments will not be amended or abolished, or that these existing laws will
be enforced or interpreted to provide adequate protection against any or all of the risks described
above. There is also no assurance that the resource use contract can be enforced or will provide
adequate protection against any or all of the risks described above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See page 37 for a more detailed discussion of the regulatory and political environment in
Kazakhstan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Australia</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">State governments in Australia have prohibited uranium mining or uranium exploration from time to
time, and from 2002 to 2008, uranium mining was banned in Western Australia, where our Kintyre
development project is located. A prohibition or restriction on uranium exploration or mining in
the future that interferes with the development of Kintyre could have a material and adverse effect
on our earnings, cash flows, financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>3 &#151; Regulatory risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Government laws and regulation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our operations and exploration activities are subject to extensive laws and regulations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are laws and regulations for uranium exploration, development, mining, milling, refining,
conversion, fuel manufacturing, transport, exports, imports, taxes and royalties, labour standards,
occupational health, waste disposal, protection and remediation of the environment, decommissioning
and reclamation, safety, hazardous substances, emergency response, land use, water use and other
matters.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Significant financial and management resources are required to comply with these laws and
regulations, and this will likely continue as laws and government regulations become more and more
strict. We are unable to predict the ultimate cost of compliance or its effect on our operations
because legal requirements change frequently, are subject to interpretation and may be enforced to
varying degrees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Some of our operations are regulated by government agencies that exercise discretionary powers
conferred by statute. If these agencies do not apply their discretionary authority consistently, we
may not be able to predict the ultimate cost of complying with these requirements or their effect
on operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Existing, new or changing laws, regulations and standards of regulatory enforcement could increase
costs, lower, delay or interrupt production or affect decisions about whether to continue with
existing operations or development projects. This could have a material and adverse effect on our
earnings, cash flows, financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">100&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If we do not comply with the laws and regulations that apply to our business, regulatory or
judicial authorities could take any number of enforcement actions, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>corrective measures that require us to increase capital or operating expenditures or
install additional equipment</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>remedial actions that result in temporary or permanent shut-down or reduction of our
operations</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>requirements that we compensate communities that suffer loss or damage because of our
activities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>civil or criminal fines or penalties.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Legal and political circumstances are different outside North America, which can change the nature
of regulatory risks in foreign jurisdictions when compared with regulatory risks associated with
operations in North America.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Permitting and licensing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All uranium mining projects and conversion facilities around the world require government
approvals, licences or permits, and our operations and development projects in Canada, the US,
Kazakhstan and Australia are no exception.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The development and operation of uranium mines and conversion facilities can only be carried out by
entities that have received the appropriate approvals, permits and licences according to applicable
laws and regulations. Depending on the location of the project, this can be a complex and time
consuming process involving multiple government agencies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have to obtain and maintain many approvals, licences and permits from the appropriate regulatory
authorities, but there is no assurance that they will grant or renew them, approve any additional
licences or permits for potential changes to our operations in the future or in response to new
legislation, or that they will process any of the applications on a timely basis. Stakeholders,
like environmental groups, non-government organizations (NGOs) and aboriginal groups claiming
rights to traditional lands, can raise legal challenges. A significant delay in obtaining or
renewing the necessary approvals, licences or permits, or failure to receive the necessary
approvals, licences or permits, could interrupt or prevent the development or operation of our
mines and conversion facilities, which could have a material and adverse effect on our earnings,
cash flows, financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Nuclear plant regulation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s nuclear electricity business is subject to extensive government regulations covering
nuclear operations, nuclear waste management and decommissioning and environmental matters, and the
Bruce B operating licence for its nuclear generation facilities can be revoked if BPLP does not
comply. The government also can impose additional conditions on the licences, or impose fines or
other penalties. Regulations are promulgated under federal and provincial law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Because studies revealed that emergency shutdown systems might not have sufficient safety margins
for low probability events, the CSNC limited the four Bruce B units to 90% of operating power. The
CNSC later approved the uprating of the units to 93% of operating power, but there is no assurance
that the CNSC will not significantly derate them in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Compliance with these regulations, the imposition of additional conditions, fines or penalties or a
derating of the Bruce B units could have a material adverse effect on BPLP&#146;s contribution to our
earnings, cash flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Regulation of the Ontario electricity market</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The government of Ontario regulates Ontario&#146;s electricity industry, which opened to competition
on May&nbsp;1, 2002 in both the wholesale and retail markets. The government has since announced
regulatory changes, and could make additional or fundamental changes to the structure of the
electricity market or new market rules based on the experience of the regulatory authorities and
market participants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any of these factors could have a material and adverse effect on BPLP&#146;s contribution to our
earnings, cash flows, financial conditions or results of operations.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>4 &#151; Financial risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Volatility and sensitivity to prices</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since a significant portion of our revenues come from the sale of uranium and conversion
services, our earnings and cash flow are closely related to, and sensitive to, fluctuations in the
long and short-term market prices of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> and uranium conversion services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Many factors beyond our control affect these prices, including the following, among others:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>demand for nuclear power</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>forward contracts of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> supplies by nuclear power plants</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>political and economic conditions in countries producing and buying uranium</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reprocessing of used reactor fuel and the re-enrichment of depleted uranium tails</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sales of excess civilian and military inventories of uranium by governments and industry
participants (including uranium from dismantling nuclear weapons)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>levels of uranium production and production costs</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>significant interruptions in production or delays in expansion plans or new mines going
into production</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>investment and hedge fund activity in the uranium market.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We cannot predict the effect that any one or all of these factors will have on the price of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> and uranium conversion services. Prices have fluctuated widely in the
last several years, and there have been significant declines since 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the range in spot prices over the last five years.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2006</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Range of spot uranium prices</B><br>
US$/lb of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">High</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">72.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">135.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">76.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">51.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">62.25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Low</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40.75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Spot UF</B>
<SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>6</b></SUB><b> conversion values</B><br>
US$/kg U</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px">High</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">11.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">11.63</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">9.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">13.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Low</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The next table shows the range in term prices over the last five years.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2006</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Range of term uranium prices</B><br>
US$/lb of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">High</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">72.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">95.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">95.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">69.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">66.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Low</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Term UF</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>6</b></SUB><b> conversion
values</B><br>
US$/kg U</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px">High</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Low</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Notes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Spot and term uranium prices are the average of prices published monthly by Ux Consulting and from
The Nuexco Exchange Value, published by TradeTech.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Spot and term UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6 </SUB>conversation values are the average of prices published monthly by Ux
Consulting and from The Nuexco Conversion Value, published by TradeTech.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If prices for U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> or uranium conversion services fall below our own
production costs for a sustained period, continued production or conversion at our sites may cease
to be profitable. This would have a material and adverse effect on our earnings, cash flows,
financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">102&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Declines in U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> prices could also delay or deter a decision to build or
begin commercial production at one or more of our development projects, or adversely affect our
ability to finance these development projects. Either of these could have an adverse effect on our
future earnings, cash flows, financial condition, results of operations or prospects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A sustained decline in U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> prices may require us to write down our mineral
reserves and mineral resources, and any significant write downs may lead to material write downs of
our investment in the mining properties affected, and an increase in charges for amortization,
reclamation and closures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use a uranium contracting strategy as a way to reduce volatility in our future earnings and cash
flow from exposure to fluctuations in uranium prices. It involves building a portfolio that
consists of fixed-price contracts and market-related contracts with terms of 10&nbsp;years or more. This
strategy can create opportunity losses because we may not benefit fully if there is a significant
increase in U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> prices. This strategy also creates currency risk since we
receive payment under the majority of our sales contracts in US$. There is no assurance that our
contracting strategy will be successful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We participate in the uranium spot market from time to time, making purchases so we can put
material into higher priced contracts. There are, however, risks associated with spot market
purchases, including the risk of losses, which could have an adverse effect on our earnings, cash
flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Spot market electricity prices</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Electricity prices can be volatile. BPLP&#146;s risk management activities include trading electricity
and related contracts to mitigate these risks. There is no assurance, however, that the activities
will be successful.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reserve, resource, production and capital cost estimates</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Reserve and resource estimates are not precise</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our mineral reserves and resources are the foundation of our uranium mining operations. They
dictate how much uranium concentrate we can produce, and for how many years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The uranium mineral reserves and resources reported in this AIF are estimates, and are therefore
subjective. There is no assurance that the indicated tonnages or grades of uranium will be mined or
milled or that we will receive the uranium price we used in estimating these reserves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While we believe that the mineral reserve and resource estimates included in this AIF are well
established and reflect management&#146;s best estimates, reserve and resource estimates, by their
nature, are imprecise, do not reflect exact quantities and depend to a certain extent on
statistical inferences that may ultimately prove unreliable. The volume and grade of reserves we
actually recover, and rates of production from our current mineral reserves, may be less than the
estimate of the reserves. Fluctuations in the market price of uranium, changing exchange rates and
operating and capital costs can make reserves uneconomic to mine in the future and ultimately cause
us to reduce our reserves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Short-term operating factors relating to mineral reserves, like the need for orderly development of
orebodies or the processing of different ore grades, can also prompt us to modify reserve estimates
or make reserves uneconomic to mine in the future, and can ultimately cause us to reduce our
reserves. Reserves also may have to be re-estimated based on actual production experience.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources may ultimately be reclassified as proven or probable mineral reserves if they
demonstrate profitable recovery. Estimating reserves or resources is always affected by economic
and technological factors, which can change over time, and experience in using a particular mining
method. There is no assurance that any resource estimate will ultimately be reclassified as proven
or probable reserves. If we do not obtain or maintain the necessary permits or government
approvals, or there are changes to applicable legislation, it could cause us to reduce our
reserves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resource and reserve estimates can be uncertain because they are based on data from limited
sampling and drilling and not from the entire orebody. As we gain more knowledge and understanding
of an orebody, the resource and reserve estimate may change significantly, either positively or
negatively.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If our mineral reserve or resource estimates for our uranium properties are inaccurate or are
reduced in the future, it could:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require us to write down the value of an operating property or development project</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>result in lower uranium concentrate production than previously estimated</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require us to incur increased capital or operating costs, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require us to operate mines or facilities unprofitably.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This could have a material and adverse effect on our earnings, cash flows, financial condition or
results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Production and capital cost estimates may be inaccurate</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We prepare estimates of future production and capital costs for particular operations, but there is
no assurance we will achieve these estimates. Estimates of expected future production and capital
costs are inherently uncertain, particularly beyond one year, and could change materially over
time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production and capital cost estimates for McArthur River also assume the successful transition to
new mining areas. Production and capital cost estimates for Cigar Lake assume that remediation and
development activities are completed successfully. Production and capital cost estimates for Inkai
assume it receives regulatory and partner approvals to increase production to planned levels,
including in 2011 and 2012.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production estimates for uranium refining, conversion and fuel manufacturing assume there is no
disruption or reduction in supply from us or third party sources, and that estimated rates and
costs of processing are accurate, among other things.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our actual production and capital costs may vary from estimates for a variety of reasons,
including, among others:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>actual ore mined varying from estimated grade, tonnage, dilution, metallurgical and other
characteristics</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mining and milling losses greater than planned</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>short-term operating factors relating to the ore, such as the need for sequential development of
orebodies and the processing of new or different ore grades</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>risk and hazards associated with mining, milling, uranium refining, conversion and fuel manufacturing</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>failure of mining methods and plans</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>failure to obtain and maintain the necessary regulatory and partner approvals</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>lack of tailings capacity</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>natural phenomena, such as inclement weather conditions or floods</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>labour shortages or strikes</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>delay or lack of success in mining new areas at McArthur River, completing remediation and development
activities at Cigar Lake or completing construction activities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>delays, interruption or reduction in production or construction activities due to fires, failure of
critical equipment, shortage of supplies, underground floods, earthquakes, tailings dam failures, lack of
tailings capacity, ground movements and cave-ins, or other difficulties.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Failure to achieve production or capital cost estimates could have a material and adverse effect on
our earnings, cash flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Currency fluctuations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our earnings and cash flow may also be affected by fluctuations in the exchange rate between
the Canadian and US dollar. Our sales of uranium and conversion services are mostly denominated in
US dollars, while the production costs of both are denominated primarily in Canadian dollars. Our
consolidated financial statements are expressed in Canadian dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any fluctuations in the exchange rate between the US dollar and Canadian dollar can result in
favourable and unfavourable foreign currency exposure, which can have a material effect on our
future earnings, cash flows, financial condition or results of operations, as has been the case in
the past. While we use a hedging program to limit any adverse effects of fluctuations in foreign
exchange rates, there is no assurance that these hedges will eliminate the potential material
negative impact of fluctuating rates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">104&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Customers</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our main business relates to the production and sale of uranium concentrates and providing
uranium conversion services. We rely heavily on a small number of customers to purchase a
significant portion of our uranium concentrates and conversion services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">From 2011 through 2013, we expect:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our five largest customers to account for 36% of our contracted supply of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our five largest UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion customers to account for 43% of our contracted
supply of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion services.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are currently the only commercial supplier of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> used by Canadian Candu heavy water
reactors. Our sales to our largest customer accounted for 38% of our UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> sales in 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, revenues in 2010 from one customer of our uranium and conversion segments represented
$126&nbsp;million (8%) of our total revenues from those businesses. Sales for the Bruce A and B reactors
represent a substantial portion of our fuel manufacturing business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If we lose any of our largest customers or if any of them curtails their purchases, it could have a
material and adverse effect on our earnings, cash flows, financial condition or results of
operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Counterparty and credit risk</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our business operations expose us to the risk of counterparties not meeting their contractual
obligations, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>customers</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>suppliers</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>financial institutions and other counterparties to our derivative financial instruments and
hedging arrangements relating to foreign currency exchange rates and interest rates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>financial institutions which hold our cash on deposit</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>insurance providers.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Credit risk is the risk that counterparties will not be able to pay for services provided under the
terms of the contract. If a counterparty to any of our significant contracts defaults on a payment
or other obligation or becomes insolvent, it could have a material and adverse effect on our cash
flows, earnings, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium products, conversion and fuel services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We manage the credit risk of our customers for uranium products, conversion and fuel services by:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>monitoring their creditworthiness</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>asking for pre-payment or another form of security if they pose an unacceptable level of
credit risk.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of December&nbsp;31, 2010, 97% of our forecast revenue under contract for the period 2011 to 2013 is
with customers whose creditworthiness meets our standards for unsecured payment terms.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Excluding revenue support payments from the Ontario government, BPLP&#146;s revenues come from two main
sources:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>electricity sales through the spot market administered by government regulators</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>electricity sales under medium-term and long-term power purchase and electricity price
hedging agreements.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Spot market participants must meet standards for creditworthiness that are mandated by regulators,
so we believe BPLP&#146;s credit risk for sales to these customers is effectively managed. If these
purchasers do not provide adequate credit support to the regulators, all market participants,
including BPLP, could be responsible for any shortfall, in proportion to their market activity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP requires purchasers under these agreements to meet certain standards for creditworthiness to
manage credit risk. In some cases, they must provide financial assurances as security for
non-performance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We manage the credit risk on our derivative and hedging arrangements, cash deposits and insurance
policies by dealing with financial institutions and insurers that meet our credit rating standards
and by limiting our exposure to individual counterparties.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We diversify or increase inventory in our supply chain to limit our reliance on a single
contractor, or limited number of contractors. We also monitor the creditworthiness of our suppliers
to manage the risk of suppliers defaulting on delivery commitments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance, however, that we will be successful in our efforts to manage the risk of
default or credit risk.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Liquidity and financing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nuclear energy and mining are extremely capital intensive businesses, and companies need
significant ongoing capital to maintain and improve existing operations, invest in large scale
capital projects with long lead times, and manage uncertain development and permitting timelines
and the volatility associated with fluctuating uranium and input prices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We believe our current financial resources are sufficient to support the exploration and
development projects we have planned. If we expand these projects or our programs overall, we may
need to raise additional financing through joint ventures, debt financing, equity financing or
other means.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that we will obtain the financing we need, when we need it. Volatile uranium
markets, a claim against us, a significant event disrupting our business or operations, or other
factors may make it difficult or impossible for us to obtain debt or equity financing on favourable
terms, or at all.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operating and capital plans</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We establish our operating and capital plans based on the information we have at the time,
including expert opinions. There is no assurance, however, that these plans will not change as new
information becomes available or there is a change in expert opinion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pre-feasibility and feasibility studies contain capital and operating costs, estimated production
and economic returns and other estimates that may be significantly different than actual costs, and
there is no assurance that they will not be higher than anticipated or than what was disclosed in
the studies. Our estimates may also be different from those of other companies, so they should not
be used to project operating profit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Internal controls</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use internal controls over financial reporting to provide reasonable assurance that we
authorize transactions, safeguard assets against improper or unauthorized use, and record and
report transactions properly. This gives us reasonable assurance that our financial reporting is
reliable, and prepared in accordance with generally accepted accounting principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is impossible for any system to provide absolute assurance or guarantee reliability, regardless
of how well it is designed or operated. We continue to evaluate our internal controls to identify
areas for improvement and provide as much assurance as reasonably possible. We conduct an annual
assessment of our internal controls over financial reporting and produce an attestation report of
their effectiveness by our independent auditors to meet the requirement of Section&nbsp;404 of the
Sarbanes-Oxley Act of 2002.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If we do not satisfy the requirements for internal controls on an ongoing, timely basis, it could
negatively affect investor confidence in our financial reporting, which could have an impact on our
business and the trading price of our common shares. If a deficiency is identified and we do not
introduce new or better controls, or have difficulty implementing them, it could harm our financial
results or our ability to meet reporting obligations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Carrying values of assets</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We evaluate the carrying value of our assets to decide whether current events and circumstances
indicate whether or not we can recover the carrying amount. This involves comparing the estimated
fair value of our reporting units to their carrying values.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We base our fair value estimates on various assumptions, however, the actual fair values can be
significantly different than the estimates. If we do not have any mitigating valuation factors or
experience a decline in the fair value of our reporting units, it could ultimately result in an
impairment charge.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">106&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>5 &#151; Environmental risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Complex legislation and environmental, health and safety risk</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our activities have an impact on the environment, so our operations are subject to extensive
laws and regulations relating to the protection of the environment, employee health and safety and
waste disposal. We also face risks that are unique to uranium mining, processing and fuel
manufacturing. Laws to protect the environment as well as employee health and safety are becoming
more stringent for members of the nuclear energy industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our facilities operate under various operating and environmental approvals, licences and permits
that have conditions that we must meet as part of our regular business activities. In a number of
instances, our right to continue operating these facilities depends on our compliance with these
conditions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our ability to obtain approvals, licences and permits, maintain them, and successfully develop and
operate our facilities may be adversely affected by the real or perceived impact of our activities
on the environment and human health and safety at our development projects and operations and in
the surrounding communities. The real or perceived impact of activities of other nuclear energy or
mining companies can also have an adverse effect on our ability to secure and maintain approvals,
licences and permits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our compliance with laws and regulations relating to the protection of the environment, employee
health and safety, and waste disposal requires significant expenditures and can cause delays in
production or project development. This has been the case in the past and may be so in future.
Failing to comply can lead to fines and penalties, temporary or permanent suspension of development
and operational activities, clean-up costs, damages and the loss of key approvals, permits and
licences. We are exposed to these potential liabilities for our current development projects and
operations as well as operations that have been closed. There is no assurance that we have been or
will be in full compliance with all of these laws and regulations, or with all the necessary
approvals, permits and licences.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Laws and regulations on the environment, employee health and safety, and waste disposal continue to
evolve and this can create significant uncertainty around the environmental, employee health and
safety, and waste disposal costs we incur. If new legislation and regulations are introduced in the
future, they could lead to additional capital and operating costs, restrictions and delays at
existing operations or development projects, and the extent of any of these possible changes cannot
be predicted in a meaningful way.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Environmental and regulatory review is a long and complex process that can delay the opening,
modification or expansion of a mine, conversion facility or refining facility, or extend
decommissioning activities at a closed mine or other facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our ability to foster and maintain the support of local communities and governments for our
development projects and operations is critical to the conduct and growth of our business, and we
do this by engaging in dialogue and consulting with them about our activities and the social and
economic benefits they will generate. There is no assurance, however, that this support can be
fostered or maintained. There is an increasing level of public concern relating to the perceived
effect that nuclear energy and mining activities have on the environment and communities affected
by the activities. Some NGOs are vocal critics of the nuclear energy and mining industries, and
oppose globalization, nuclear energy and resource development. Adverse publicity generated by these
NGOs or others, related to the nuclear energy industry or the extractive industry in general, or
our operations in particular, could have an adverse effect on our reputation or financial condition
and may affect our relationship with the communities we operate in. While we are committed to
operating in a socially responsible way, there is no guarantee that our efforts will mitigate this
potential risk.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These risks could delay or interrupt our operations or project development activities, delay,
interrupt or lower our production and have a material and adverse effect on our earnings, cash
flows, financial condition, results of operations or prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Decommissioning and reclamation obligations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Environmental regulators are demanding more and more financial assurances so that the parties
involved, and not the government, bear the cost of decommissioning and reclaiming sites.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have filed decommissioning plans for some of our properties with the regulators. We review these
plans every five years, or at the time of an amendment or renewal of an operating licence. Plans
for our US sites are reviewed annually. Regulators may conduct a further review of the detailed
decommissioning plans, and this can lead to additional requirements, costs and financial
assurances. It is not possible to predict what level of decommissioning and reclamation and
financial assurances regulators may require in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If we must comply with additional regulations, or the actual cost of decommissioning and
reclamation in the future is significantly higher than our current estimates, this could have a
material and adverse effect on our future earnings, cash flows, financial condition or results of
operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, if a previously unrecognized reclamation liability becomes known or a previously
estimated decommissioning or reclamation cost is increased, the amount of that liability or
additional cost is expensed, and this can have a material negative effect on our net income for the
period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Nuclear waste management and decommissioning (Bruce Power)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP is subject to extensive federal regulation related to nuclear waste management. Not
complying with the regulations could lead to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prosecution, and possibly cause the operating licences for its nuclear generation
facilities to be revoked</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>additional conditions imposed under the licences</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fines and other penalties.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If BPLP releases radioactive material at higher than the prescribed limits, it could lead to a
government ordered investigation, control and/or remediation of the release and claims from third
parties for harm caused by the release. BPLP already incurs substantial costs for nuclear waste
management and changes in federal regulation could result in additional costs that could have a
material and adverse effect on BPLP&#146;s contribution to our earnings, cash flows, financial condition
or results of operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The wet bays at Bruce B have limited capacity to store used nuclear fuel. Under its contract with
BPLP, OPG has started collecting used nuclear fuel bundles, stored in the wet bays, for transport
and storage at the OPG dry storage facility at the Bruce site. OPG has title to all used nuclear
fuel bundles in the wet bays. If OPG fails to continue providing adequate service to collect the
used fuel bundles, does not do it on a timely basis, or experiences problems associated with the
station modifications in the wet bays to support the loading of bundles into dry storage
containers, this could have a material and adverse effect on BPLP&#146;s contribution to our earnings,
cash flows, financial condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>6 &#151; Legal and other risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Litigation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We and BPLP are currently subject to litigation or threats of litigation, and may be involved
in disputes with other parties in the future that result in litigation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We cannot accurately predict the outcome of any litigation. If a dispute cannot be resolved
favourably, it may delay or interrupt our operations or project development activities and have a
material and adverse effect on our earnings, cash flows, financial condition or results of
operations. See <I>Legal proceedings </I>on page 111 for more information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Legal rights</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If a dispute arises at our foreign operations, it may be under the exclusive jurisdiction of
foreign courts, or we may not be successful in subjecting foreign persons to the jurisdiction of
courts in Canada. We could also be hindered or prevented from enforcing our rights relating to a
government entity or instrumentality because of the doctrine of sovereign immunity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The dispute resolution provision of the resource use contract for Inkai and Russian HEU commercial
agreement stipulate that any dispute between the parties is to be submitted to international
arbitration. There is no assurance, however, that a particular government entity or instrumentality
will either comply with the provisions of these or any other agreements, or voluntarily submit a
dispute to arbitration. If we are unable to enforce our rights under these</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">108&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">agreements, this could
have a material and adverse effect on our earnings, cash flows, financial condition or results of
operations.</div>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Defects in title</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have investigated our rights to explore and exploit all of our material properties, and
those rights are in good standing to the best of our knowledge. There is no assurance, however,
that these rights will not be revoked or significantly altered to our detriment, or that our rights
will not be challenged by third parties, including local governments and by indigenous groups, such
as First Nations and M&#233;tis in Canada.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Indigenous rights, title claims and consultation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Managing indigenous rights, title claims and consultation is an integral part of our
exploration, development and mining activities, and we are committed to managing them effectively.
There is no assurance, however, that we will not face material adverse consequences because of the
legal and factual uncertainties with these issues.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Saskatchewan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Activities at our various properties in Saskatchewan may be affected by title claims by the First
Nations and M&#233;tis, and related consultation issues. These activities include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>exploration, development and mining at McArthur River and Rabbit Lake, our uranium
producing properties</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>milling at Key Lake</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cigar Lake, our development property</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Millennium, an exploration property.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also face similar issues with our exploration activities in other provinces and countries. We
have received formal demands from the English First River Nation and the M&#233;tis Nation of
Saskatchewan to consult with and accommodate them when we operate or develop on traditional lands.
All aboriginal groups in northern Saskatchewan expect this of us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is generally acknowledged that under historical treaties, First Nation bands in northern
Saskatchewan ceded title to most traditional lands in the region in exchange for treaty benefits
and reserve lands. First Nations in Saskatchewan, however, generally continue to assert that their
treaties are not an accurate record of their agreement with the Canadian government and that they
did not cede title to the minerals when they ceded title to their traditional lands. First Nations
have launched a lawsuit in Alberta making a similar claim that they did not cede title to the oil
and natural gas rights when they ceded title to their traditional lands. There is a risk that the
First Nations in Saskatchewan may launch a similar lawsuit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The English First River Nation has selected lands for designation as Treaty Land Entitlement (TLE)
that covers the mineral claims for the Millennium uranium deposit. The Saskatchewan government
rejected this selection in December&nbsp;2008, but the English First River Nation has challenged that
rejection in the courts. The TLE process does not affect the rights of our mining joint ventures.
It may, however, affect the surface rights and benefits ultimately negotiated as part of the
development of Millennium, and we are monitoring developments on the TLE issue.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kintyre</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To proceed with development of Kintyre in Australia, we must reach an agreement with the Martu, the
native land title holders for this property. Negotiations are ongoing, but we are uncertain whether
we will able to reach this agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel fabrication defects and product liability</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We fabricate nuclear fuel bundles, other reactor components and monitoring equipment. These
products are complex and may have defects that can be detected at any point in their product life
cycle. Flaws in the products could materially and adversely affect our reputation, which could
result in a significant cost to us and have a negative effect on our ability to sell our products
in the future. We could also incur substantial costs to correct any product errors, which could
have an adverse effect on our operating margins. While we introduced a new rigorous process for
review and control in 2007, there is no guarantee that we will detect all defects or errors in our
products.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is possible that some customers may demand compensation if we deliver defective products. If
there are a significant number of product defects, it could have a significant impact on our
operating results.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Agreements with some customers may include specific terms limiting liability to customers. Even if
there are limited liability provisions in place, existing or future laws, or unfavourable judicial
decisions may make them ineffective. We have not experienced any material product liability claims
to date, however, they could occur in the future because of the nature of nuclear fuel products. A
successful product liability claim could result in significant monetary liability and could
seriously disrupt our fuel manufacturing business and the company overall.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>7 &#151; Industry risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Industry competition and international trade restrictions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The international uranium industry, which includes supplying uranium concentrates and providing
uranium conversion services, is highly competitive. We market uranium to utilities, and directly
compete with a relatively small number of uranium mining and enrichment companies in the world.
Their supply may come from mining uranium, excess inventories, including inventories made available
from decommissioning of nuclear weapons, reprocessed uranium and plutonium derived from used
reactor fuel, and from using excess enrichment capacity to re-enrich depleted uranium tails.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The supply of uranium is affected by a number of international trade agreements and policies. These
and any similar future agreements, governmental policies or trade restrictions are beyond our
control and may affect the supply of uranium available in the US, Europe and Asia, the world&#146;s
largest markets for uranium. If we cannot supply uranium to these important markets, it could have
a material and adverse effect on our earnings, cash flows, financial condition or results of
operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We compete with two other full scale commercial suppliers in the western world for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>
conversion services. We also compete with the availability of additional supplies from excess
inventories, including those from decommissioning nuclear weapons and using excess enrichment
capacity to re-enrich depleted uranium tails.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any political decisions about the uranium market can affect our future prospects. There is no
assurance that the US or other governments will not enact legislation that restricts who can buy or
supply uranium, or facilitates a new supply of uranium.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Competition for sources of uranium</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is growing competition for mineral acquisition opportunities throughout the world, so we
may not be able to acquire rights to explore additional attractive uranium mining properties on
terms that we consider acceptable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that we will acquire any interest in additional uranium properties, or buy
additional uranium concentrates from the decommissioning of nuclear weapons or the release of
excess government inventory, that will result in additional uranium concentrates we can sell. If we
are not able to acquire these interests or rights, it could have a material and adverse effect on
our future earnings, cash flows, financial condition or results of operations. Even if we do
acquire these interests or rights, the resulting business arrangements may ultimately prove not to
be beneficial.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Deregulation of the electrical utility industry</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A significant part of our future prospects is directly linked to developments in the global
electrical utility industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Deregulation of the utility industry, especially in the US and Europe, is expected to affect the
market for nuclear and other fuels and could lead to the premature shutdown of some nuclear
reactors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Deregulation has resulted in utilities improving the performance of their reactors to record
capacity, but there is no assurance this trend will continue.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Deregulation can have a material and adverse effect on our future earnings, cash flows, financial
condition or results of operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">110&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Alternate sources of energy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nuclear energy competes with other sources of energy like oil, natural gas, coal and
hydro-electricity. These sources are somewhat interchangeable with nuclear energy, particularly
over the longer term.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If lower prices of oil, natural gas, coal and hydro-electricity are sustained over time, it may
result in lower demand for uranium concentrates and uranium conversion services, which could lead
to lower uranium prices. Growth of the uranium and nuclear power industry will depend on continuing
and growing acceptance of nuclear technology to generate electricity. Unique political,
technological and environmental factors affect the nuclear industry, exposing it to the risk of
public opinion, which could have a negative effect on the demand for nuclear power and increase the
regulation of the nuclear power industry. An accident at a nuclear reactor anywhere in the world
could affect the acceptance of nuclear energy and the future prospects for nuclear generation,
which could have a material and adverse effect on our future earnings, cash flows, financial
condition, results of operations or prospects.
</DIV>

<DIV align="left">
<A name="O68633111"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Legal proceedings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We discuss any legal proceedings that we or our subsidiaries are a party to in notes 18 and 25
to the 2010 financial statements.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633112"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Investor information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Share capital</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our authorized share capital consists of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>first preferred shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>second preferred shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>common shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one class B share.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Preferred shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We do not currently have any preferred shares outstanding, but we can issue an unlimited number
of first preferred or second preferred shares with no nominal or par value, in one or more series.
The board must approve the number of shares, and the designation, rights, privileges, restrictions
and conditions attached to each series of first or second preferred shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Preferred shares can carry voting rights, and they rank ahead of common shares and the class B
share for receiving dividends and distributing assets if the company is liquidated, dissolved or
wound up.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>First preferred shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each series of first preferred shares ranks equally with the shares of other series of first
preferred shares. First preferred shares rank ahead of second preferred shares, common shares and
the class B share.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Second preferred shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each series of second preferred shares ranks equally with the shares of other series of second
preferred shares. Second preferred shares rank after first preferred shares and ahead of common
shares and the class B share.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Common shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We can issue an unlimited number of common shares with no nominal or par value. Only holders of
common shares have full voting rights in Cameco.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you hold our common shares, you are entitled to vote on all matters that are to be voted on at
any shareholder meeting, other than meetings that are only for holders of another class or series
of shares. Each Cameco share you own represents one vote, except where noted below. As a holder of
common shares, you are also entitled to receive any dividends that are declared by our board of
directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Common shares rank <I>after </I>preferred shares with respect to the payment of dividends and the
distribution of assets if the company is liquidated, dissolved or wound up, or any other
distribution of our assets among our shareholders if we were to wind up our affairs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Holders of our common shares have no pre-emptive, redemption, purchase or conversion rights for
these shares. Except as described under <I>Ownership and voting restrictions, </I>non-residents of Canada
who hold common shares have the same rights as shareholders who are residents of Canada.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As at February&nbsp;10, 2011, we had 394,435,383 common shares outstanding. These were fully paid and
non-assessable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of February&nbsp;10, 2011, there were 7,432,998 stock options outstanding to acquire common shares of
Cameco under the company&#146;s stock option plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our articles of incorporation have provisions that restrict the issue, transfer and ownership of
voting securities of Cameco (see <I>Ownership and voting restrictions </I>on pages 113 and 114).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Class&nbsp;B shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The province of Saskatchewan holds our one class B share outstanding. It is fully paid and
non-assessable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The one class B share entitles the province to receive notices of and attend all meetings of
shareholders, for any class or series.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">112&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The class B shareholder can only vote at a meeting of class B shareholders, and only as a class if
there is a proposal to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend Part&nbsp;1 of Schedule&nbsp;B of the articles, which states that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s registered office and head office operations must be in Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the vice-chairman of the board, chief executive officer (CEO), president, chief financial
officer (CFO)&nbsp;and generally all of the senior officers (vice-presidents and above) must live
in Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all annual meetings of shareholders must be held in Saskatchewan</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amalgamate, if it would require an amendment to Part&nbsp;1 of Schedule&nbsp;B of the articles, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend the articles in a way that would change the rights of class B shareholders.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The class B shareholder can request and receive information from us to determine whether or not we
are complying with Part&nbsp;1 of Schedule&nbsp;B of the articles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The class B shareholder does not have the right to receive any dividends declared by Cameco. The
class B share ranks after first and second preferred shares, but equally with common shareholders,
with respect to the distribution of assets if the company is liquidated, dissolved or wound up. The
class B shareholder has no pre-emptive, redemption, purchase or conversion rights with its class B
share, and the share cannot be transferred.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Ownership and voting restrictions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The federal government established ownership restrictions when Cameco was formed so we would
remain Canadian controlled. There are restrictions on issuing, transferring and owning Cameco
common shares whether you own the shares as a registered shareholder, hold them beneficially or
control your investment interest in Cameco directly or indirectly. These are described in the
<I>Eldorado Nuclear Limited Reorganization and Divestiture Act </I>(Canada) (ENL Reorganization Act) and
our company articles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following is a summary of the restrictions listed in our company articles.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Residents</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A Canadian resident, either individually or together with associates, cannot hold, beneficially own
or control shares or other Cameco securities, directly or indirectly, representing more than 25% of
the votes that can be cast to elect directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Non-residents</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A non-resident of Canada, either individually or together with associates, cannot hold,
beneficially own or control shares or other Cameco securities, directly or indirectly, representing
more than 15% of the total votes that can be cast to elect directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Voting restrictions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All votes cast at the meeting by non-residents, either beneficially or controlled directly or
indirectly, will be counted and pro-rated collectively to limit the proportion of votes cast by
non-residents to no more than 25% of the total shareholder votes cast at the meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There have been instances in prior years, including 2010, when we have limited the counting of
votes by non-residents of Canada at our annual meeting of shareholders to abide by this
restriction. This has resulted in non-residents receiving less than one vote per share.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Enforcement</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD colspan="3">The company articles allow us to enforce the ownership and voting restrictions by:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>suspending voting rights</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>forfeiting dividends and other distributions</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prohibiting the issue and transfer of Cameco shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>requiring the sale or disposition of Cameco shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>suspending all other shareholder rights.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To verify compliance with restrictions on ownership and voting of Cameco shares, we require
existing shareholders, proposed transferees or other subscribers for voting shares to declare their
residency, ownership of Cameco shares and other things relating to the restrictions. Nominees such
as banks, trust companies, securities brokers or other financial institutions who hold the shares
on behalf of beneficial shareholders need to make the declaration on their behalf.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We cannot issue or register a transfer of any voting shares if it would result in a contravention
of the resident or non-resident ownership restrictions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If we believe there is a contravention of our ownership restrictions based on any shareholder
declarations filed with us, or our books and records or those of our registrar and transfer agent
or otherwise, we can suspend all shareholder rights for the securities they hold, other than the
right to transfer them. We can only do this after giving the shareholder 30&nbsp;days notice, unless he
or she has disposed of the holdings and we have been advised of this.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Understanding the terms</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see our articles for the exact definitions of <I>associate</I>, <I>resident</I>, <I>non-resident</I>, <I>control</I>,
and <I>beneficial ownership </I>which are used for the restrictions described above.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other restrictions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The ENL Reorganization Act imposes some additional restrictions on Cameco. We must maintain our
registered office and our head office operations in Saskatchewan. We are also prohibited from:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>creating restricted shares (these are generally defined as a participating share with
restrictive voting rights)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>applying for continuance in another jurisdiction</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enacting articles of incorporation or bylaws that have provisions that are inconsistent
with the ENL Reorganization Act.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We must maintain our registered office and head office operations in Saskatchewan under <I>the
Saskatchewan Mining Development Corporation Reorganization Act</I>. This generally includes all
executive, corporate planning, senior management, administrative and general management functions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Credit ratings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Credit ratings provide an independent, professional assessment of a corporation&#146;s credit risk.
They are <I>not </I>a comment on the market price of a security or suitability for an individual investor
and are, therefore, not recommendations to buy, hold or sell our securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We provide rating agencies DBRS Limited (DBRS)&nbsp;and Standard &#038; Poor&#146;s (S&#038;P) with confidential,
in-depth information to support the credit rating process.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that a rating agency will keep the rating in effect for any given period of
time, or that it will not revise or withdraw it in the future if it believes circumstances warrant
it.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have two series of senior unsecured debentures outstanding:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$300&nbsp;million of debentures that have an interest rate of 4.7% per year and mature September
16, 2015</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$500&nbsp;million of debentures that have an interest rate of 5.67% per year and mature
September&nbsp;2, 2019.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although we frequently issued commercial paper in the past, we did not have any outstanding
commercial paper at February&nbsp;10, 2011. The table below shows the DBRS and S&#038;P ratings of our
commercial paper and senior unsecured debentures:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3"><B>DBRS</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>1</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3"><B>S&#038;P</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>2</B></SUP></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Commercial paper</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" nowrap>R-1 (low)</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" nowrap>A-1 (low)<SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Senior unsecured debentures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">A (low)</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">BBB&#043;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Current as of January&nbsp;2011.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Current as of August&nbsp;2010.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>A-1 (low)&nbsp;is the Canadian National Scale Rating (the Global Scale Rating is A-2).</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">114&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Commercial paper</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Rating scales for commercial paper are meant to indicate the risk that a borrower will not fulfill
its near-term debt obligations in a timely manner.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below explains the credit ratings of our commercial paper in more detail:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Rating</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Ranking</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>DBRS</B><br>
rates commercial paper by categories ranging<br>
from a high of <I>R-1 </I>to a low of <I>D</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>R-1 (low)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;lower end of the R-1
category</DIV>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;represents &#147;satisfactory
credit quality&#148;</DIV>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;third highest of
10 available credit ratings</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>S&#038;P</B><br>
rates commercial paper by categories ranging <br>
from a high of <I>A-1 (high) </I>to a low of <I>D</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A-1 (low)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-18px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;represents &#147;satisfactory
capacity to meet its financial
commitments on the obligation&#148;</DIV>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;the third highest
of eight available credit ratings</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Senior unsecured debentures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Long-term debt rating scales are meant to indicate the risk that a borrower will not fulfill its
full obligations, with respect to interest and principal, in a timely manner.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below explains the credit ratings of our senior unsecured debentures in more detail:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Rating</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Ranking</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>DBRS</B><br>
rates senior unsecured debentures by categories<br>
ranging from a high of <I>AAA </I>to a low of <I>D</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A (low)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;lower end of the A category</DIV>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;represents &#147;satisfactory
credit quality&#148;</DIV>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;third highest of 10
available credit ratings</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>S&#038;P</B><br>
rates senior unsecured debentures by categories<br>
ranging from a high of <I>AAA </I>to a low of <I>D</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BBB&#043;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;higher end of the BBB
category</DIV>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;represents &#147;adequate
protection parameters&#148;</DIV>
<DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;the fourth highest of 10
available credit ratings</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Material contracts</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are required by law to describe our material contracts in this AIF (not including material
contracts that we entered into as part of the ordinary course of business) that we:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>entered into in 2010  &#151; there were none</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>entered into before 2010 and remain in effect &#151; there are two, which are described below.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Supplemental indentures</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We entered into the <I>Third supplemental indenture </I>with CIBC Mellon Trust Company (CIBC
Mellon) on September&nbsp;16, 2005, relating to the issue of $300&nbsp;million in unsecured debentures
at an interest rate of 4.7% per year and due in 2015.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We entered into the <I>Fourth supplemental indenture </I>with CIBC Mellon on September&nbsp;2, 2009,
relating to the issue of $500&nbsp;million in unsecured debentures at an interest rate of 5.67% and
due in 2019.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See <I>Senior unsecured debentures</I>, above for more information about these debentures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">By law there are certain other contracts that must be described in an AIF, but we have not entered
into any of these kinds of contracts.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Market for our securities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our common shares are listed and traded on the Toronto Stock Exchange (under the symbol CCO)
and the New York Stock Exchange (under the symbol CCJ).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a registrar and transfer agent in Canada and the US for our common shares:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Canada</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">CIBC Mellon Trust Company<br>
320 Bay Street, P.O. Box 1<br>
Toronto, Ontario M5H 4A6
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>US</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Mellon Investor Services LLC<br>
29 Jersey City<br>
New Jersey 07310
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Trading activity</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the high and low closing prices and trading volume for our common shares on
the TSX
in 2010.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>High ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Low ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Volume</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">January</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,062,146</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">February</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.86</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,116,486</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">March</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29.18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27.23</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,302,434</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">April</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,880,932</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">May</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.03</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,501,621</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">June</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22.63</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,135,471</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">July</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26.97</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21.64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,109,817</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">August</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27.38</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,267,840</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">September</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28.72</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,244,783</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">October</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31.93</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28.05</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,446,730</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">November</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38.57</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31.29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,114,817</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">December</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,242,251</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Dividend policy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The board established a policy of paying quarterly dividends when we launched our initial
public offering in 1991. It reviews the dividend policy from time to time in light of our financial
position and other factors they consider relevant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the dividends per common share for the last three fiscal years. Under the
policy, in December&nbsp;2010, the board approved an increase in the annual dividend from $0.28 to $0.40
per share starting in 2011. The board approved an increase in the annual dividend in December&nbsp;2009
(starting in 2010), and in December&nbsp;2007 (starting in 2008).
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2011</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash dividends</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">116&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Governance</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Directors</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Director</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Board committees</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Principal occupation or employment</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>John H. Clappison</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit (Chair)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate director as of 2006</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Toronto, Ontario, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Human resources and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1990 to December 2005 - managing partner of the</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Director since 2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">compensation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Toronto office of PricewaterhouseCoopers LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Joe F. Colvin</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Safety, health and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June 2010 to present - President of American</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:15px; text-indent:-15px">Kiawah Island, South Carolina, USA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">environment (Chair)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nuclear Society</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Director since 1999</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nominating, corporate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 2005 to present - Corporate director</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">governance and risk</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">and president emeritus of the Nuclear Energy</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Institute</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>James R. Curtiss</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Human resources and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 2008 to present - principal of Curtiss law</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brookeville, Maryland, USA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">compensation (Chair)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1993 to March 31, 2008 - lawyer, partner,</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Director since 1994</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nominating, corporate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Winston &#038; Strawn</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">governance and risk</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Donald H.F. Deranger</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reserves oversight</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Athabasca Vice Chief of the Prince Albert Grand</TD>
</TR>
<TR valign="bottom">

<TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">Prince Albert, Saskatchewan, Canada<BR>
Director since 2009</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Safety, health and environment</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Council since 2003<BR>
President of Points Athabasca Contracting Ltd.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">since 2001</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>James K. Gowans</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reserves oversight</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 2011 to present - Managing Director,</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gaborone, Botswana<BR>
Director since 2009</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Safety, health and environment<BR>
Nominating, corporate<BR>
governance and risk</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Debswana Diamond Company<BR>
March 2010 to December 2010 - COO and<BR>
Chief Technical Officer of
DeBeers SA<BR>
April 2006 to December 2010 - CEO of<BR>DeBeers Canada Inc.<BR>
2002 to 2006 - Senior vice-president and COO of<BR>
PT Inco in Indonesia</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Gerald W. Grandey</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">None</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer since January 2003</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 2003 to May 2010 - President and Chief</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Director since 2000</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Officer</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Nancy E. Hopkins, Q.C</B>.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1984 to present - Lawyer, partner, McDougall</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nominating, corporate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gauley LLP (Gauley &#038; Company merged with</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Director since 1992</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">governance and risk (Chair)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">McDougall Ready to form McDougall Gauley as of</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 2001)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Oyvind Hushovd</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reserves oversight</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June 2005 to present - Corporate director</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kristiansand S, Norway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 2003 to May 31, 2005 - Chairman and Chief</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Director since 2003</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Human resources and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Officer of Gabriel Resources Ltd.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">compensation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>J.W. George Ivany</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1995 to present - Corporate director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kelowna, British Columbia, Canada<BR>Director since 1999</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Safety, health and environment</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Human resources and</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">compensation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>A. Anne McLellan</B><BR>
Edmonton, Alberta, Canada<BR>
Director since 2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Safety, health and environment<BR>
Human resources and<BR>
compensation<BR>
Nominating, corporate<BR>
governance and risk</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July 2006 to present - Distinguished Scholar in<BR>
Residence at Alberta Institute for American<BR>
Studies, University of Alberta<BR>
June 2006 to present - Lawyer, counsel at<BR>
Bennett Jones LLP<BR>
1993 to 2006 - cabinet minister in various<BR>
portfolios with the Canadian government, most<BR>
recently as Deputy Prime Minister of Canada from<BR>
2003 to 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Director</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Board committees</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Principal occupation or employment</B></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>A. Neil McMillan</B><br></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reserves oversight (Chair)<br></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March 2004 to present - President and Chief</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:0px; text-indent:-0px">Saskatoon, Saskatchewan, Canada<br></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Officer, Claude Resources Inc.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Director since 2002</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Victor J. Zaleschuk</B><br></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reserves oversight</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 2001 to present - Corporate director</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:0px; text-indent:-0px">Calgary, Alberta, Canada<br>
Director since 2001</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All of the directors are elected for a term of one year, and hold office until the next annual
meeting unless he or she steps down as required by corporate law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Officers</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Officer</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Principal occupation or employment for past five years</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Victor J. Zaleschuk</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 2001 to present - Corporate director</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Chair of the Board <BR>
Calgary, Alberta, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Gerald W. Grandey</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed current position January 2003</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chief Executive Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>January 2003 to May 2010 - President and Chief Executive Officer</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Timothy S. Gitzel</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed current position May 2010</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">President</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>January 2007 to May 2010 - Senior Vice-President and Chief Operating Officer</TD>
</TR>
<TR valign="top">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June 2004 to January 2007 - Executive Vice-President, mining business unit, Areva</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Gary M.S. Chad, Q.C.</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed current position January 2000</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Senior Vice-President, Governance, Law<br>
and Corporate Secretary <br>
Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>O. Kim Goheen</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed current position August 2004</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Senior Vice-President and Chief Financial Officer <br>
Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Grant E. Isaac</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed current position July 2009</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Senior Vice-President, Corporate Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2006 to 2009 - Dean of Edwards School of Business (formerly</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">College of Commerce), University of Saskatchewan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Kenneth A. Seitz</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed current position January 2011</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Senior Vice-President, Marketing and Business Development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2009 to December 2010, Vice-President, Marketing Strategy and Administration</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2006 to 2009, Vice-President, Corporate Development and Power</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Generation</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Robert A. Steane</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed current position May 2010</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Senior Vice-President and Chief Operating Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2007 to May 2010 Vice-President, Major Projects</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Saskatoon, Saskatchewan, Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1999 to 2007 Vice-President, Fuel Services</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To our knowledge, the total number of common shares beneficially owned, directly or indirectly,
or that all the directors and officers as a group exercised direction or control over, was 845,451
as at February&nbsp;10, 2011. This represents less than 1% of our outstanding common shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the best of our knowledge, none of the directors, executive officers or shareholders exercising
control or direction over 10% of any class of our outstanding securities, nor their associates or
affiliates, have any material interests in material transactions which have affected, or will
materially affect, the company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">118&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other information about our directors and officers</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">None of our directors or officers, or a shareholder with significant holdings that could
materially affect control of us, was a director or executive officer of another company in the past
10&nbsp;years that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>was the subject of a cease trade or similar order, or an order denying that company any
statutory exemptions for more than 30 consecutive days</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>was involved in an event that resulted in the company being subject to one of the above
after the director or executive officer no longer held that role with the company</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>within a year of no longer acting in that capacity, became bankrupt, made a proposal under
any legislation relating to bankruptcy or insolvency or was subject to or instituted any
proceedings, arrangement or compromise with creditors or had a receiver, receiver manager or
trustee appointed to hold the assets of that company.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">None of them have been directors, officers or promoters of other companies in the past 10&nbsp;years
which:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>were bankrupt</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>made a proposal under any legislation relating to bankruptcy or insolvency,</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>has been subject to or launched any proceedings, arrangement or compromise with any
creditors, or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>had a receiver, receiver manager or trustee appointed to hold the assets of that company.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">None of them has ever been subject to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>penalties or sanctions imposed by a court relating to securities legislation or by a
securities regulatory authority or has entered into a settlement agreement with a securities
regulatory authority; or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other penalties or sanctions imposed by a court or regulatory body that would likely be
considered important to a reasonable investor in making an investment decision.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the audit committee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Audit committee charter</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See appendix A for a copy of the audit committee charter. You can also find a copy on our
website (cameco.com/responsibility/governance/board&#95;committees).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Composition of the audit committee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The committee is made up of five members: John Clappison (chair), Nancy Hopkins, Oyvind
Hushovd, George Ivany and Neil McMillan. Each member is independent and financially literate using
criteria that meet the standards of the Canadian Securities Administrators as set out in
Multilateral Instrument 52-110.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Relevant education and experience</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>John Clappison</I>, a corporate director, is the former managing partner of the Toronto office of
PricewaterhouseCoopers LLP. He currently serves on three other publicly traded companies, and the
boards of other private and not-for-profit organizations. Mr.&nbsp;Clappison is a chartered accountant
and a Fellow of the Institute of Chartered Accountants of Ontario.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Nancy Hopkins </I>is a partner with the law firm of McDougall Gauley, LLP in Saskatoon where she
concentrates her practice on corporate, commercial and tax law. She currently serves on two other
publicly traded companies, the board of governors of the University of Saskatchewan, the board of
the Saskatoon Airport Authority and the CPP Investment Board. She formerly served on the board of
the Canadian Institute of Chartered Accountants. Ms.&nbsp;Hopkins has a Bachelor of Commerce degree and
a Bachelor of Laws degree from the University of Saskatchewan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Oyvind Hushovd</I>, a corporate director, is the former Chair and Chief Executive Officer of Gabriel
Resources Ltd., a Canadian-based precious metals exploration and development company, retiring in
2005. Prior to that he was the President and Chief Executive Officer of Falconbridge Limited from
1996 to 2002. He currently serves on the boards of two other publicly traded companies and three
private companies. Mr.&nbsp;Hushovd received a Master of Economics and Business Administration degree
from the Norwegian School of Business and a Master of Law degree from the University of Oslo.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>George Ivany</I>, a corporate director, is the former President and Vice-Chancellor of the University
of Saskatchewan. Dr.&nbsp;Ivany received a Bachelor of Science degree in Chemistry and Physics and a
diploma in education from
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Memorial University of Newfoundland. He received a Master of Arts degree in Physics Education from
the Teachers College, Columbia University and a Ph.D. in Secondary Education from the University of
Alberta.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Neil McMillan </I>is the President and Chief Executive Officer of Claude Resources Inc., a gold mining
and oil and gas producing company based in Saskatoon, Saskatchewan. Prior to joining Claude
Resources Inc., Mr.&nbsp;McMillan worked for RBC Dominion Securities as a registered representative and
the Saskatoon branch manager. He currently serves on the boards of two other publicly traded
companies (including Claude Resources Inc.) and previously sat on the board of Atomic Energy Canada
Ltd. Mr.&nbsp;McMillan received a Bachelor of Arts degree in History and Sociology from the University
of Saskatchewan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Auditors&#146; fees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the fees we paid to the external auditors for services in 2010 and 2009:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="53%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% of total</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% of</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>fees</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>total fees</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(%)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(%)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Audit fees</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cameco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,697,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62.6</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,739,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Centerra and other subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">256,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.5</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">978,600</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total audit fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,953,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,718,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Audit-related fees</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cameco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">273,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">219,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Centerra and other subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">32,300</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Translation services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.6</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">424,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total audit-related fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">337,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.5</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">693,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Tax fees</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Compliance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">199,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.3</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Planning and advice</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">219,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total tax fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">418,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.4</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">162,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>All other fees</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total fees</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,710,500</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>100.0</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,574,000</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>100.0</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 1pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1 </SUP></TD>
    <TD>&nbsp;</TD>
    <TD> The 2009 fees include amounts related to Centerra. We disposed of our entire
interest in Centerra in December&nbsp;2009.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Approving services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The audit committee must pre-approve all services the external auditors will provide to make sure
they remain independent. This is according to our audit committee charter and consistent with our
corporate governance practices. The audit committee can only pre-approve services up to a specific
limit. If we expect the fees to exceed the limit, or the external auditors to provide new audit or
non-audit services that have not been pre-approved in the past, then this must be pre-approved
separately.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any service that is not generally pre-approved must be approved by the audit committee before the
work is carried out, or by the committee chair, or board chair in his or her absence, as long as
the proposed service is presented to the full audit committee at its next meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The committee has adopted a written policy that describes the procedures for implementing these
principles.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">120&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Interest of experts</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our auditor is KPMG LLP, independent chartered accountants, who have audited our 2010 financial
statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">KPMG LLP is independent within the meaning of the Rules of Professional Conduct of the Institute of
Chartered Accountants of Saskatchewan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The individuals who are qualified persons for the purposes of NI 43-101 are listed under <I>Mineral
reserves and resources </I>starting on page 67. As a group, they beneficially own, directly or
indirectly, less than 1% of any class of our outstanding securities.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68633114"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Appendix&nbsp;A</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Audit committee of the board of directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Mandate</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Purpose</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The primary purpose of the audit committee (committee)&nbsp;is to assist the board of directors
(board)&nbsp;in fulfilling its oversight responsibilities for (a)&nbsp;the accounting and financial reporting
processes, (b)&nbsp;the internal controls, (c)&nbsp;the external auditors, including performance,
qualifications, independence, and their audit of the corporation&#146;s financial statements, (d)&nbsp;the
performance of the corporation&#146;s internal audit function, (e)&nbsp;risk management of financial risks as
delegated by the board, (f)&nbsp;the corporation&#146;s process for monitoring compliance with laws and
regulations (other than environmental and safety laws) and its code of conduct and ethics, and (g)
prevention and detection of fraudulent activities. The committee shall also prepare such reports as
required to be prepared by it by applicable securities laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, the committee provides an avenue for communication between each of the internal
auditor, the external auditors, management, and the board. The committee shall have a clear
understanding with the external auditors that they must maintain an open and transparent
relationship with the committee and that the ultimate accountability of the external auditors is to
the board and the committee, as representatives of the shareholders. The committee, in its capacity
as a committee of the board, subject to the requirements of applicable law, is directly responsible
for the appointment, compensation, retention, and oversight of the external auditors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The committee has the authority to communicate directly with the external auditors and internal
auditor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The committee shall make regular reports to the board concerning its activities and in particular
shall review with the board any issues that arise with respect to the quality or integrity of the
corporation&#146;s financial statements, the performance and independence of the external auditors, the
performance of the corporation&#146;s internal audit function, or the corporation&#146;s process for
monitoring compliance with laws and regulations other than environmental and safety laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Composition</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The board shall appoint annually, from among its members, a committee and its chair. The
committee shall consist of at least three members and shall not include any director employed by
the corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each committee member will be independent pursuant to the standards for independence adopted by the
board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each committee member shall be financially literate with at least one member having accounting or
related financial expertise, using the terms defined as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>&#147;Financially literate&#148; </I>means the ability to read and understand a set of financial statements that
present a breadth and level of complexity of accounting issues that are generally comparable to the
breadth and complexity of issues that can reasonably be expected to be raised by the corporation&#146;s
financial statements; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>&#147;Accounting or related financial expertise</I>&#148; means the ability to analyse and interpret a full set
of financial statements, including the notes attached thereto, in accordance with Canadian
generally accepted accounting principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, where possible, at least one member of the committee shall qualify as an &#147;audit
committee financial expert&#148; within the meaning of applicable securities law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Members of the committee may not serve on the audit committees of more than two additional public
companies without the approval of the board.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Meetings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The committee will meet at least four times annually and as many additional times as the
committee deems necessary to carry out its duties effectively. The committee will meet separately
in private with the external auditors, the internal auditor and management at each regularly
scheduled meeting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">122&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A majority of the members of the committee shall constitute a quorum. No business may be transacted
by the committee except at a meeting of its members at which a quorum of the committee is present.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The committee may invite such officers, directors and employees of the corporation as it may see
fit from time to time to attend at meetings of the committee and assist thereat in the discussion
and consideration of any matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A meeting of the committee may be convened by the chair of the committee, a member of the
committee, the external auditors, the internal auditor, the chief executive officer or the chief
financial officer. The secretary, who shall be appointed by the committee, shall, upon direction of
any of the foregoing, arrange a meeting of the committee. The committee shall report to the board
in a timely manner with respect to each of its meetings.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Duties and responsibilities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To carry out its oversight responsibilities, the committee shall:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Financial reporting process</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review with management and the external auditors any items of concern, any proposed changes
in the selection or application of major accounting policies and the reasons for the change,
any identified risks and uncertainties, and any issues requiring management judgement, to the
extent that the foregoing may be material to financial reporting.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consider any matter required to be communicated to the committee by the external auditors
under applicable generally accepted auditing standards, applicable law and listing standards,
including the external auditors&#146; report to the committee (and management&#146;s response thereto)
on: (a)&nbsp;all critical accounting policies and practices used by the corporation; (b)&nbsp;all
material alternative accounting treatments of financial information within generally accepted
accounting principles that have been discussed with management, including the ramifications of
the use of such alternative treatments and disclosures and the treatment preferred by the
external auditors; and (c)&nbsp;any other material written communications between the external
auditors and management.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Require the external auditors to present and discuss with the committee their views about the
quality, not just the acceptability, of the implementation of generally accepted accounting
principles with particular focus on accounting estimates and judgements made by management and
their selection of accounting principles.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss with management and the external auditors (a)&nbsp;any accounting adjustments that were
noted or proposed (i.e. immaterial or otherwise) by the external auditors but were not
reflected in the financial statements, (b)&nbsp;any material correcting adjustments that were
identified by the external auditors in accordance with generally accepted accounting
principles or applicable law, (c)&nbsp;any communication reflecting a difference of opinion between
the audit team and the external auditors&#146; national office on material auditing or accounting
issues raised by the engagement, and (d)&nbsp;any &#147;management&#148; or &#147;internal control&#148; letter issued,
or proposed to be issued, by the external auditors to the corporation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss with management and the external auditors any significant financial reporting issues
considered during the fiscal period and the method of resolution. Resolve disagreements
between management and the external auditors regarding financial reporting.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review with management and the external auditors (a)&nbsp;any off-balance sheet financing
mechanisms being used by the corporation and their effect on the corporation&#146;s financial
statements and (b)&nbsp;the effect of regulatory and accounting initiatives on the corporation&#146;s
financial statements, including the potential impact of proposed initiatives.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review with management and the external auditors and legal counsel, if necessary, any
litigation, claim or other contingency, including tax assessments, that could have a material
effect on the financial position or operating results of the corporation, and the manner in
which these matters have been disclosed or reflected in the financial statements.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review with the external auditors any audit problems or difficulties experienced by the
external auditors in performing the audit, including any restrictions or limitations imposed
by management, and management&#146;s response. Resolve any disagreements between management and the
external auditors regarding these matters.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">9.</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>Review the results of the external auditors&#146; audit work including findings and
recommendations, management&#146;s response, and any resulting changes in accounting practices or
policies and the impact such changes may have on the financial statements.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with management and the external auditors the audited annual financial
statements and related management discussion and analysis, make recommendations to the board
with respect to approval thereof, before being released to the public, and obtain an
explanation from management of all significant variances between comparable reporting periods.
Obtain confirmation from management and the external auditors that the reconciliation of the
audited financial statements to U.S. GAAP complies with the requirements of U.S. securities
laws.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with management and the external auditors all interim unaudited financial
statements and quarterly reports and related interim management discussion and analysis and
make recommendations to the board with respect to the approval thereof, before being released
to the public.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Obtain confirmation from the chief executive officer and the chief financial officer (and
considering the external auditors&#146; comments, if any, thereon) to their knowledge:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that the audited financial statements, together with any financial information included
in the annual MD&#038;A and annual information form, fairly represent in all material respects
the corporation&#146;s financial condition, cash flow and results of operation, as of the date
and for the periods presented in such filings; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that the interim financial statements, together with any financial information included
in the interim MD&#038;A, fairly represent in all material respects the corporation&#146;s financial
condition, cash flow and results of operation, as of the date and for the periods presented
in such filings.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review earnings press releases, before being released to the public. Discuss the type and
presentation of information to be included in earnings press releases (paying particular
attention to any use of &#147;pro-forma&#148; or &#147;adjusted&#148; Non-GAAP, information).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review any news release, before being released to the public, containing earnings guidance or
financial information based upon the corporation&#146;s financial statements prior to the release
of such statements.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review the appointment of the chief financial officer and have the chief financial officer
report to the committee on the qualifications of new key financial executives involved in the
financial reporting process.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consult with the human resources and compensation committee on the succession plan for the
chief financial officer and controller. Review the succession plans in respect of the chief
financial officer and controller.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Internal Controls</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Receive from management a statement of the corporation&#146;s system of internal controls over
accounting and financial reporting.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consider and review with management, the internal auditor and the external auditors, the
adequacy and effectiveness of internal controls over accounting and financial reporting within
the corporation and any proposed significant changes in them.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consider and discuss the scope of the internal auditors and external auditors review of the
corporation&#146;s internal controls, and obtain reports on significant findings and
recommendations, together with management responses.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss, as appropriate, with management, the external auditors and the internal auditor, any
major issues as to the adequacy of the corporation&#146;s internal controls and any special audit
steps in light of material internal control deficiencies.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review annually the disclosure controls and procedures, including (a)&nbsp;the certification
timetable and related process and (b)&nbsp;the procedures that are in place for the review of the
corporation&#146;s disclosure of financial information extracted from the corporation&#146;s financial
statements and the adequacy of such procedures. Receive confirmation from the chief executive
officer and the chief financial officer of the effectiveness of disclosure controls and
procedures, and whether there are any significant deficiencies and material weaknesses in the</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">124&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

<TD>design or operation of internal control over financial reporting which are reasonably likely to
adversely affect the corporation&#146;s ability to record, process, summarize and report financial
information or any fraud, whether or not material, that involves management or other employees
who have a significant role in the corporation&#146;s internal control over financial reporting. In
addition, receive confirmation from the chief executive officer and the chief financial officer
that they are prepared to sign the annual and quarterly certificates required by applicable
securities law.</TD>
</TR>
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review management&#146;s annual report and the external auditors&#146; report on the assessment of the
effectiveness of the corporation&#146;s internal control over financial reporting.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Receive a report, at least annually, from the reserves oversight committee of the board on
the corporation&#146;s mineral reserves.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>External Auditors</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>External Auditors&#146; Qualifications and Selection</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the requirements of applicable law, be solely responsible to select, retain,
compensate, oversee, evaluate and, where appropriate, replace the external auditors, who must
be registered with agencies mandated by applicable law. The committee shall be entitled to
adequate funding from the corporation for the purpose of compensating the external auditors
for completing an audit and audit report.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Instruct the external auditors that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>they are ultimately accountable to the board and the committee, as representatives of
shareholders; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>they must report directly to the committee.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Ensure that the external auditors have direct and open communication with the committee and
that the external auditors meet regularly with the committee without the presence of
management to discuss any matters that the committee or the external auditors believe should
be discussed privately.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Evaluate the external auditors&#146; qualifications, performance, and independence. As part of
that evaluation:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at least annually, request and review a formal report by the external auditors
describing: the firm&#146;s internal quality-control procedures; any material issues raised by
the most recent internal quality-control review, or peer review, of the firm, or by any
inquiry or investigation by governmental or professional authorities, within the preceding
five years, respecting one or more independent audits carried out by the firm, and any
steps taken to deal with any such issues; and (to assess the auditors&#146; independence) all
relationships between the external auditors and the corporation, including the amount of
fees received by the external auditors for the audit services and for various types of
non-audit services for the periods prescribed by applicable law; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>annually review and confirm with management and the external auditors the independence
of the external auditors, including the extent of non-audit services and fees, the extent
to which the compensation of the audit partners of the external auditors is based upon
selling non-audit services, the timing and process for implementing the rotation of the
lead audit partner, reviewing partner and other partners providing audit services for the
corporation, whether there should be a regular rotation of the audit firm itself, and
whether there has been a &#147;cooling off&#148; period of one year for any former employees of the
external auditors who are now employees with a financial oversight role, in order to assure
compliance with applicable law on such matters; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>annually review and evaluate senior members of the external audit team, including their
expertise and qualifications. In making this evaluation, the audit committee should
consider the opinions of management and the internal auditor.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Conclusions on the independence of the external auditors should be reported to the board.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and approve the corporation&#146;s policies for the corporation&#146;s hiring of employees and
former employees of the external auditors. Such policies shall include, at minimum, a one-year
hiring &#147;cooling off&#148; period.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other Matters</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meet with the external auditors to review and approve the annual audit plan of the
corporation&#146;s financial statements prior to the annual audit being undertaken by the external
auditors, including reviewing the year-to-year co-ordination of the audit plan and the
planning, staffing and extent of the scope of the annual audit. This review should include an
explanation from the external auditors of the factors considered by the external auditors in
determining their audit scope, including major risk factors. The external auditors shall
report to the committee all significant changes to the approved audit plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and approve the basis and amount of the external auditors&#146; fees with respect to the
annual audit in light of all relevant matters.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and pre-approve all audit and non-audit service engagement fees and terms in
accordance with applicable law, including those provided to the subsidiaries of the
corporation by the external auditors or any other person in its capacity as external auditors
of such subsidiary. Between scheduled committee meetings, the chair of the committee, on
behalf of the committee, is authorised to pre-approve any audit or non-audit service
engagement fees and terms. At the next committee meeting, the chair shall report to the
committee any such pre-approval given. Establish and adopt procedures for such matters.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Internal Auditor</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and approve the appointment or removal of the internal auditor.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with the external auditors, management, and internal auditor the
responsibilities, budget and staffing of the corporation&#146;s internal audit function.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and approve the mandate for the internal auditor and the scope of annual work planned
by the internal auditor, receive summary reports of internal audit findings, management&#146;s
response thereto, and reports on any subsequent follow-up to any identified weakness.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Ensure that the internal auditor has direct and open communication with the committee and
that the internal auditor meets regularly with the committee without the presence of
management to discuss any matters that the committee or the internal auditor believe should be
discussed privately, such as problems or difficulties which were encountered in the course of
internal audit work, including restrictions on the scope of activities or access to required
information, and any disagreements with management.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with the internal auditor and management the internal auditor&#146;s ongoing
assessments of the corporation&#146;s business processes and system of internal controls.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review the effectiveness of the internal audit function, including staffing, organizational
structure and qualifications of the internal auditor and staff.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Compliance</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Monitor compliance by the corporation with all payments and remittances required to be made
in accordance with applicable law, where the failure to make such payments could render the
directors of the corporation personally liable.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The receipt of regular updates from management regarding compliance with laws and regulations
and the process in place to monitor such compliance, excluding, however, legal compliance
matters subject to the oversight of the safety, health and environment committee of the board.
Review the findings of any examination by regulatory authorities and any external auditors&#146;
observations relating to such matters.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Establish and oversee the procedures in the code of conduct and ethics policy to address:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the receipt, retention and treatment of complaints received by the corporation
regarding accounting, internal accounting or auditing matters; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>confidential, anonymous submissions by employees of concerns regarding questionable
accounting and auditing matters.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">126&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> Cameco Corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Receive periodically a summary report from the senior vice-president governance, law and
corporate secretary on such matters as required by the code of conduct and ethics.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Monitor management&#146;s implementation of the code of conduct and ethics and the international
business conduct policy and review compliance therewith by, among other things, obtaining an
annual report summarising statements of compliance by employees pursuant to such policies and
reviewing the findings of any investigations of non-compliance. Periodically review the
adequacy and appropriateness of such policies and make recommendations to the board thereon.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Monitor management&#146;s implementation of the anti-fraud policy; and review compliance therewith
by, among other things, receiving reports from management on:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any investigations of fraudulent activity;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>monitoring activities in relation to fraud risks and controls; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>assessments of fraud risk.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Periodically review the adequacy and appropriateness of the anti-fraud policy and make
recommendations to the board thereon.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review all proposed related party transactions and situations involving a director&#146;s, senior
officer&#146;s or an affiliate&#146;s potential or actual conflict of interest that are not required to
be dealt with by an &#147;independent committee&#148; pursuant to securities law rules, other than
routine transactions and situations arising in the ordinary course of business, consistent
with past practice. Between scheduled committee meetings, the chair of the committee, on
behalf of the committee, is authorised to review all such transactions and situations. At the
next committee meeting, the chair shall report the results of such review. Ensure that
political and charitable donations conform with policies and budgets approved by the board.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Monitor management of hedging, debt and credit, make recommendations to the board respecting
policies for management of such risks, and review the corporation&#146;s compliance therewith.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Approve the review and approval process for the expenses submitted for reimbursement by the
chief executive officer.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Organizational matters</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The procedures governing the committee shall, except as otherwise provided for herein, be
those applicable to the board as set forth in Part&nbsp;7 of the General Bylaws of the corporation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The members and the chair of the committee shall be entitled to receive remuneration for
acting in such capacity as the board may from time to time determine.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The committee shall have the resources and authority appropriate to discharge its duties and
responsibilities, including the authority to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>select, retain, terminate, set and approve the fees and other retention terms of
special or independent counsel, accountants or other experts, as it deems appropriate; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain appropriate funding to pay, or approve the payment of, such approved fees;
without seeking approval of the board or management.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any member of the committee may be removed or replaced at any time by the board and shall
cease to be a member of the committee upon ceasing to be a director. The board may fill
vacancies on the committee by appointment from among its members. If and whenever a vacancy
shall exist on the committee, the remaining members may exercise all its powers so long as a
quorum remains in office. Subject to the foregoing, each member of the committee shall remain
as such until the next annual meeting of shareholders after that member&#146;s election.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Annual information form</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The committee shall annually review and assess the adequacy of its mandate and recommend any
proposed changes to the nominating, corporate governance and risk committee for recommendation
to the board for approval.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The committee shall participate in an annual performance evaluation, the results of which
will be reviewed by the board.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The committee shall perform any other activities consistent with this mandate, the
corporation&#146;s governing laws and the regulations of stock exchanges, as the committee or the
board deems necessary or appropriate.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">128&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> Cameco Corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>o68633exv99w2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Cameco Corporation
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">2010 Consolidated Audited Financial Statements
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">February&nbsp;11, 2011
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>REPORT OF MANAGEMENT&#146;S ACCOUNTABILITY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The accompanying consolidated financial statements have been prepared by management in accordance
with Canadian generally accepted accounting principles. Management is responsible for ensuring that
these statements, which include amounts based upon estimates and judgment, are consistent with
other information and operating data contained in the annual financial review and reflect the
corporation&#146;s business transactions and financial position.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Management is also responsible for the information disclosed in the management&#146;s discussion and
analysis including responsibility for the existence of appropriate information systems, procedures
and controls to ensure that the information used internally by management and disclosed externally
is complete and reliable in all material respects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, management is responsible for establishing and maintaining an adequate system of
internal control over financial reporting. The internal control system includes an internal audit
function and a code of conduct and ethics, which is communicated to all levels in the organization
and requires all employees to maintain high standards in their conduct of the corporation&#146;s
affairs. Such systems are designed to provide reasonable assurance that the financial information
is relevant, reliable and accurate and that the company&#146;s assets are appropriately accounted for
and adequately safeguarded. Management conducted an evaluation of the effectiveness of the system
of internal control over financial reporting based on the criteria established in &#147;Internal Control
&#151; Integrated Framework&#148; issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Based on this evaluation, management concluded that the company&#146;s system of internal
control over financial reporting was effective as at December&nbsp;31, 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">KPMG LLP has audited the consolidated financial statements in accordance with Canadian generally
accepted auditing standards and the standards of the Public Company Accounting Oversight Board
(United States).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The board of directors annually appoints an audit committee comprised of directors who are not
employees of the corporation. This committee meets regularly with management, the internal auditor
and the shareholders&#146; auditors to review significant accounting, reporting and internal control
matters. Both the internal and shareholders&#146; auditors have unrestricted access to the audit
committee. The audit committee reviews the financial statements, the report of the shareholders&#146;
auditors, and management&#146;s discussion and analysis and submits its report to the board of directors
for formal approval.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Original signed by Gerald W. Grandey</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Original signed by O. Kim Goheen</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Chief Executive Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice-President and Chief Financial Officer</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">February&nbsp;11, 2011
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;11, 2011</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>INDEPENDENT AUDITORS&#146; REPORT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the Shareholders of Cameco Corporation
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have audited the accompanying consolidated financial statements of Cameco Corporation (&#147;the
Corporation&#148;), which comprise the consolidated balance sheets as at December&nbsp;31, 2010 and 2009, the
consolidated statements of earnings, shareholders&#146; equity, comprehensive income, accumulated other
comprehensive income and cash flows for the years then ended, and notes, comprising a summary of
significant accounting policies and other explanatory information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Management&#146;s Responsibility for the Consolidated Financial Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Management is responsible for the preparation and fair presentation of these consolidated financial
statements in accordance with Canadian generally accepted accounting principles, and for such
internal control as management determines is necessary to enable the preparation of consolidated
financial statements that are free from material misstatement, whether due to fraud or error.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Auditor&#146;s Responsibility</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our responsibility is to express an opinion on these consolidated financial statements based on our
audits. We conducted our audits in accordance with Canadian generally accepted auditing standards.
Those standards require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the consolidated financial statements are free from
material misstatement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the consolidated financial statements. The procedures selected depend on the auditor&#146;s judgment,
including the assessment of the risks of material misstatement of the consolidated financial
statements, whether due to fraud or error. In making those risk assessments, we consider internal
control relevant to the Corporation&#146;s preparation and fair presentation of the consolidated
financial statements in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the Corporation&#146;s internal
control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall
presentation of the consolidated financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to
provide a basis for our audit opinion.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Opinion</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our opinion, the consolidated financial statements present fairly, in all material respects, the
financial position of Cameco Corporation as at December&nbsp;31, 2010 and 2009, and the results of its
operations and its cash flows for the years then ended in accordance with Canadian generally
accepted accounting principles.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Original signed by KPMG LLP</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Chartered Accountants<BR>
Saskatoon, Canada<BR>
February&nbsp;11, 2011

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Consolidated Balance Sheets</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>As at December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($Cdn thousands)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">376,621</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,101,229</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term investments &#091;note 5&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">883,032</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">202,836</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">447,404</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">446,722</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income taxes receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,190</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories &#091;note 6&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">542,526</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">453,224</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Supplies and prepaid expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">190,079</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">169,005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of long-term receivables, investments and other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91,447</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">154,725</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,573,299</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,527,741</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property, plant and equipment &#091;note 7&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,337,809</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,068,103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible assets &#091;note 8&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97,713</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term receivables, investments and other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">628,824</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">667,287</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Future income tax assets &#091;note 18&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,017</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><b>$</b></TD>
    <TD align="right"><b>7,671,368</b></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><b>$</b></TD>
    <TD align="right"><b>7,393,861</b></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Liabilities and Shareholders&#146; Equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts payable and accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">399,035</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">503,521</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income taxes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,042</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,143</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term debt &#091;notes 10&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,948</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76,762</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividends payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,605</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,570</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of long-term debt &#091;note 11&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,177</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,629</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,297</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Future income taxes &#091;note 18&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,674</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87,135</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">604,709</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">763,057</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt &#091;note 11&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">940,317</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">952,853</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for reclamation &#091;note 12&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">279,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">258,277</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244,179</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244,433</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Future income taxes &#091;note 18&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">208,044</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">167,373</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,276,902</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,385,993</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,139</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,040</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Share capital &#091;note 14&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,535,857</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,512,461</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Contributed surplus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">142,376</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131,577</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Retained earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,563,089</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,158,506</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated other comprehensive income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(24,995</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,284</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,216,327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,843,828</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><b>$</b></TD>
    <TD align="right"><b>7,671,368</b></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><b>$</b></TD>
    <TD align="right"><b>7,393,861</b></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Commitments and contingencies &#091;notes 12,18,25&#093;<BR>
Subsequent event &#091;note 29&#093;<BR>
<BR>
See accompanying notes to consolidated financial statements.<BR>
<BR>
<BR>
<B>Approved by the board of directors<BR>
Original signed by Gerald W. Grandey and John H. Clappison</B>

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Consolidated Statements of Earnings</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>For the years ended December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($Cdn thousands, except per share amounts)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Revenue from</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Products and services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,123,655</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,314,985</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Expenses</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Products and services sold</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,127,879</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,324,278</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Depreciation, depletion and reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">251,547</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">240,643</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">155,810</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135,558</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exploration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95,796</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49,061</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Research and development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,794</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">630</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest and other &#091;note 15&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,474</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12,470</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives &#091;note 26&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(75,183</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(243,804</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake remediation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,633</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,884</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Loss (gain)&nbsp;on sale of assets &#091;note 16&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(566</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,580,857</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,511,214</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings from continuing operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">542,798</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">803,771</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other expense &#091;note 17&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11,150</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36,912</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings before income taxes and minority interest</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">531,648</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">766,859</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax expense &#091;note 18&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,251</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52,897</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10,352</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,035</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings from continuing operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>514,749</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>716,997</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings from discontinued operations &#091;note 24&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">382,425</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>514,749</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,099,422</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings per share &#091;note 27&#093;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.84</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.99</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total basic earnings per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2.83</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.84</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.98</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total diluted earnings per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2.82</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">See accompanying notes to consolidated financial statements.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Consolidated Statements of Shareholders&#146; Equity</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>For the years ended December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($Cdn thousands)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Share capital</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,512,461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,062,714</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stock option plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,396</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,215</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity issuance &#091;note 14&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">445,532</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at end of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,535,857</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,512,461</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Contributed surplus</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131,577</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131,858</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stock-based compensation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,086</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">641</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options exercised</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,287</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(922</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at end of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>142,376</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>131,577</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Retained earnings</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,158,506</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,153,315</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">514,749</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,099,422</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividends on common shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(110,166</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(94,231</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at end of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,563,089</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,158,506</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Accumulated other comprehensive income (loss)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,284</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">165,736</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other comprehensive loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(66,279</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(124,452</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at end of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24,995</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>41,284</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total retained earnings and accumulated other comprehensive income (loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,538,094</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,199,790</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Shareholders&#146; equity at end of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>5,216,327</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>4,843,828</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">See accompanying notes to consolidated financial statements.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Consolidated Statements of Comprehensive Income</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>For the years ended December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($Cdn thousands)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">514,749</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,099,422</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other comprehensive income (loss), net of taxes &#091;note 18&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Unrealized foreign currency translation losses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,696</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(115,739</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Gains on derivatives designated as cash flow hedges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,035</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101,162</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Gains on derivatives designated as cash flow hedges
transferred to net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(71,186</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(113,360</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Unrealized gains on available-for-sale securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,125</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">(Gains) losses on available-for-sale securities transferred to net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,557</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">474</TD>
    <TD>&nbsp;</TD>
</TR><TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other comprehensive loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(66,279</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(124,452</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total comprehensive income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>448,470</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>974,970</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Consolidated Statement of Accumulated Other Comprehensive Income (Loss)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Currency</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Translation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cash Flow</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Available-For-</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($Cdn thousands)(net of related income taxes)&#091;note 18&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Adjustment</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Hedges</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Sale Assets</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at December&nbsp;31, 2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">65,342</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">101,654</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(1,260</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">165,736</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unrealized foreign currency translation losses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(115,739</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(115,739</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives designated as cash flow hedges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101,162</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101,162</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives designated as cash flow hedges
transferred to net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(113,360</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(113,360</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unrealized gains on available-for-sale securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Losses on available-for-sale securities
transferred to net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">474</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">474</TD>
    <TD>&nbsp;</TD>
</TR><TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Balance at December&nbsp;31, 2009</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(50,397</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>89,456</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2,225</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>41,284</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unrealized foreign currency translation losses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,696</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,696</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives designated as cash flow hedges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,035</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,035</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives designated as cash flow hedges
transferred to net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(71,186</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(71,186</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unrealized gains on available-for-sale securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,125</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,125</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on available-for-sale securities
transferred to net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,557</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,557</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Balance at December&nbsp;31, 2010</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(57,093</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>30,305</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,793</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(24,995</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">See accompanying notes to consolidated financial statements.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Consolidated Statements of Cash Flows</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>For the years ended December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($Cdn thousands)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Operating activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">514,749</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,099,422</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Items not requiring (providing)&nbsp;cash:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Depreciation, depletion and reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">251,547</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">240,643</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Provision for future taxes &#091;note 18&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">612</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,237</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred gains</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(33,369</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(41,254</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Unrealized (gains)&nbsp;losses on derivatives</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,561</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(180,260</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stock-based compensation &#091;note 22&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,086</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,772</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Loss (gain)&nbsp;on sale of assets &#091;note 16&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(566</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Equity in loss from associated companies &#091;note 17&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,413</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,811</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other expense (income) &#091;note 17&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,263</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,101</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discontinued operations &#091;note 24&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(382,425</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10,352</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,035</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other operating items &#091;note 19&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(268,993</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(84,333</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash provided by operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>507,098</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>690,113</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Investing activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Additions to property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(470,277</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(392,719</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchase of short-term investments &#091;note 5&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(680,346</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(202,850</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Decrease (increase)&nbsp;in long-term receivables, investments and other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,453</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(40,258</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds on sale of property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,437</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,647</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash used in investing (continuing operations)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,139,733</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(632,180</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash provided by investing (discontinued operations) &#091;note 24&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">871,300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash provided by (used in) investing</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,139,733</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>239,120</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Financing activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Decrease in debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11,629</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(726,460</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase in debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,896</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Issue of debentures, net of issue costs &#091;note 11&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">495,272</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Issue of shares, net of issue costs &#091;note 14&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">440,150</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Contributions from minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,811</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Issue of shares, stock option plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,109</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,292</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividends</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(106,132</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(92,603</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash provided by (used in) financing</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(87,945</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>117,651</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase (decrease)&nbsp;in cash during the year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(720,580</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,046,884</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exchange rate changes on foreign currency cash balances</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,028</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,877</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,101,229</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64,222</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash and cash equivalents at end of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>376,621</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,101,229</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash and cash equivalents comprised of:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">100,752</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">56,009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">275,869</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,045,220</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">376,621</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,101,229</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Supplemental cash flow disclosure</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">53,859</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">35,267</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income taxes paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">63,226</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">57,093</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">See accompanying notes to consolidated financial statements.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Notes to Consolidated Financial Statements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the years ended December&nbsp;31, 2010 and 2009
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">($Cdn thousands, except per share amounts and as noted)
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Cameco Corporation</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco Corporation is incorporated under the Canada Business Corporations Act. Cameco
Corporation and its subsidiaries (collectively, Cameco or the company) are primarily engaged in
the exploration for and the development, mining, refining, conversion and fabrication of uranium
for sale as fuel for generating electricity in nuclear power reactors in Canada and other
countries. The company has a 31.6% interest in Bruce Power L.P. (BPLP), which operates the four
Bruce B nuclear reactors in Ontario.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Significant Accounting Policies</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Consolidation Principles</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consolidated financial statements include the accounts of Cameco and its subsidiaries.
Interests in joint ventures are accounted for by the proportionate consolidation method.
Under this method, Cameco includes in its accounts its proportionate share of assets,
liabilities, revenues and expenses.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consolidated financial statements are prepared by management in accordance with Canadian
generally accepted accounting principles. Management makes various estimates and assumptions
in determining the reported amounts of assets and liabilities, revenues and expenses for each
year presented, and in the disclosure of commitments and contingencies. The most significant
estimates are related to the lives and recoverability of mineral properties, provisions for
decommissioning and reclamation of assets, future income taxes, financial instruments and
mineral reserves. Actual results could differ from these estimates. This summary of
significant accounting policies is a description of the accounting methods and practices that
have been used in the preparation of these consolidated financial statements and is presented
to assist the reader in interpreting the statements contained herein.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Cash and Cash Equivalents</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cash and cash equivalents consist of balances with financial institutions and investments in
money market instruments, which have a term to maturity of three months or less at time of
purchase.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Short-Term Investments</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Short-term investments consist of short-term money market instruments with terms to maturity
at the date of acquisition of between three and 12&nbsp;months. The short-term investments are
classified as available-for-sale and are carried at fair value in the consolidated balance
sheets with unrealized gains and losses reported in other comprehensive income (OCI).
Realized gains and losses, as well as other-than-temporary declines in value, are recorded in
the consolidated statements of earnings.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Inventories</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inventories of broken ore, uranium concentrates and refined and converted products are valued
at the lower of average cost and net realizable value. Average cost includes direct
materials, direct labour, operational overhead expenses and depreciation, depletion and
reclamation. Net realizable value for finished products is considered to be the estimated
selling price in the ordinary course of business, less the estimated costs of completion and
selling expenses.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(e)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Supplies</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consumable supplies and spares are valued at the lower of cost or replacement value.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(f)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investments</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Investments in associated companies over which Cameco has the ability to exercise significant
influence are accounted for by the equity method. Under this method, Cameco includes in
earnings its share of earnings or losses of the associated company. Portfolio investments
are classified as available-for-sale and are carried at fair value in the consolidated
balance sheets with unrealized gains and losses reported in OCI. Realized gains and losses,
as well as other-than-temporary declines in value, are recorded in the consolidated
statements of earnings.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(g)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Property, Plant and Equipment</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Assets are carried at cost. Costs of additions and improvements are capitalized. When
assets are retired or sold, the resulting gains or losses are reflected in current earnings.
Maintenance and repair expenditures are charged to cost of production.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The decision to develop a mine property within a project area is based on an assessment of
the commercial viability of the property, the availability of financing and the existence of
markets for the product. Once the decision to proceed to development is made, development
and other expenditures relating to the project area are deferred and carried at cost with the
intention that these costs will be depleted over the proven and probable reserves using the
units-of-production method. No depreciation or depletion is charged against the property
until commercial production commences. After a mine property has been brought into
commercial production, costs of any additional work on that property are expensed as
incurred, except for large development programs, which will be deferred and depleted over the
remaining lives of the related assets.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The carrying values of non-producing properties are periodically assessed by management and
if management determines that the carrying values cannot be recovered, the unrecoverable
amounts are written off against current earnings.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco reviews the carrying values of its property, plant and equipment when changes in
circumstances indicate that those carrying values may not be recoverable. Estimated future
net cash flows are calculated using estimated recoverable reserves, estimated future
commodity prices and the expected future operating and capital costs. An impairment loss is
recognized when the carrying value of an asset held for use exceeds the sum of undiscounted
future net cash flows. An impairment loss is measured as the amount by which the asset&#146;s
carrying amount exceeds its fair value.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Interest is capitalized on expenditures related to development projects actively being
prepared for their intended use. Capitalization is discontinued when the asset enters
commercial operation or development ceases.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fuel services assets, mine buildings, equipment and mineral properties are depreciated or
depleted according to the units-of-production method. This method allocates the costs of
these assets to each accounting period. For fuel services, the amount of depreciation is
measured by the portion of the facilities&#146; total estimated lifetime production that is
produced in that period. For mining, the amount of depreciation or depletion is measured by
the portion of the mines&#146; proven and probable reserves which are recovered during the period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nuclear generating plants are depreciated according to the straight-line method based on the
lower of useful life and remaining lease term.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other assets are depreciated according to the straight-line method based on estimated useful
lives, which generally range from three to 10&nbsp;years.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(h)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Intangible Assets</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Intangible assets acquired in a business combination are recorded at their fair values.
Finite-lived intangible assets are amortized over the estimated production profile of the
business unit to which they relate. The carrying values of intangible assets are periodically
assessed by management and if management determines that the carrying values cannot be
recovered, the unrecoverable amount is charged to earnings in the current period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(i)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Future Income Taxes</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Future income taxes are recognized for the future income tax consequences attributable to
differences between the carrying values of assets and liabilities and their respective income
tax bases. Future income tax assets and liabilities are measured using enacted or
substantively enacted income tax rates expected to apply to taxable income in the years in
which temporary differences are expected to be recovered or settled. The effect on future
income tax assets and liabilities of a change in rates is included in earnings in the period,
which includes the enactment date. Future income tax assets are recorded in the financial
statements and a valuation allowance is provided, if necessary, to reduce the future income
tax asset to an amount that is more likely than not to be realized. Accrued interest and
penalties for uncertain tax positions are recognized in the period in which uncertainties are
identified.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(j)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Research and Development and Exploration Costs</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Expenditures for research and technology related to the products and processes are charged
against earnings as incurred. Exploration expenditures including drilling and related costs
are charged against earnings as incurred up until the point at which it is determined that
the costs are economically recoverable. Any further exploration expenditures are capitalized
once economic recoverability has been established.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(k)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Environmental Protection and Asset Retirement Obligations</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The fair value of the liability for an asset retirement obligation is recognized in the
period incurred. The fair value, discounted using the company&#146;s credit adjusted risk-free
rate, is added to the carrying amount of the associated asset and depreciated over the
asset&#146;s useful life. The liability is accreted over time, using the company&#146;s credit
adjusted risk-free rate, through periodic charges to earnings, and it is reduced by actual
costs of decommissioning and reclamation. Cameco&#146;s estimates of reclamation costs could
change as a result of changes in regulatory requirements, reclamation plans, cost estimates
and timing of estimated expenditures. Costs related to ongoing environmental programs are
charged against earnings as incurred.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(l)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Employee Future Benefits</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco accrues its obligations under employee benefit plans. The cost of pensions and other
retirement benefits earned by employees is actuarially determined using the projected benefit
method pro-rated on service and management&#146;s best estimate of expected plan investment
performance, salary escalation, retirement ages of employees and expected health care costs.
For the purpose of calculating the expected return on plan assets, those assets are measured
at fair value. Cameco measures the plan assets and the accrued benefit obligations on
December&nbsp;31 each year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On both the Cameco-specific and BPLP-specific defined benefit pension plans, past service
costs arising from plan amendments are amortized on a straight-line basis over the expected
average remaining service life of the plan participants. Net actuarial gains, which exceed
10% of the greater of the accrued benefit obligation and the fair value of plan assets, are
amortized on a straight-line basis over the expected average remaining service life of the
plan participants.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On the Cameco-specific retirement benefit plans that do not vest or accumulate, past service
costs arising from plan amendments, and net actuarial gains and losses, are recognized in the
period they arise. Conversely, the BPLP-specific amounts are amortized on a straight-line
basis over the expected average remaining service life of the plan participants.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(m)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Stock-Based Compensation</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has five stock-based compensation plans that are described in note 22. These
encompass a stock option plan, an employee share ownership plan, a performance share unit
plan, a deferred share unit plan and a phantom stock option plan. In calculating
compensation expense, Cameco includes an estimate for forfeitures that is based on historic
trends.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options granted under the stock option and performance share unit plans for which the holder
cannot elect cash settlement are accounted for using the fair value method. Under this
method, the compensation cost of options granted is measured at estimated fair value at the
grant date and recognized over the shorter of the period to eligible retirement or the
vesting period. Options that may be settled in cash are accounted for as liabilities and are
carried at their intrinsic value. The intrinsic value of the liability is marked-to-market
each period and is amortized to expense over the shorter of the period to eligible retirement
or the vesting period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Deferred share units and phantom stock options are amortized over the shorter of the period
to eligible retirement or the vesting period and re-measured at each reporting period, until
settlement, using the quoted market value. Cameco&#146;s contributions under the employee share
ownership plan are expensed during the year of contribution. Shares purchased with company
contributions and with dividends paid on such shares become unrestricted on January 1 of the
second plan year following the date on which such shares were purchased.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(n)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Revenue Recognition</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco supplies uranium concentrates and uranium conversion services to utility customers.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco recognizes revenue on the sale of its nuclear products when evidenced by a contract
that indicates the product, pricing and delivery terms, when delivery occurs, the related
revenue is fixed or determinable and collection is reasonably assured.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has three types of sales arrangements with its customers in its uranium and fuel
services businesses. These arrangements include uranium supply, toll conversion services and
conversion supply (converted uranium), which is a combination of uranium supply and toll
conversion services.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><I>&nbsp;</I></TD>
    <TD width="1%"><I>&nbsp;</I></TD>
    <TD><I>Uranium Supply</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In a uranium supply arrangement, Cameco is contractually obligated to provide uranium
concentrates to its customers. Cameco-owned uranium is physically delivered to conversion
facilities (Converters) where the Converter will credit Cameco&#146;s account for the volume of
accepted uranium. Based on delivery terms in a sales contract with its customer, Cameco
instructs the Converter to transfer title of a contractually specified quantity of uranium to
the customer&#146;s account at the Converter&#146;s facility. At this point, Cameco invoices the
customer and recognizes revenue for the uranium supply.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><I>&nbsp;</I></TD>
    <TD width="1%"><I>&nbsp;</I></TD>
    <TD><I>Toll Conversion Services</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In a toll conversion arrangement, Cameco is contractually obligated to convert customer-owned
uranium to a chemical state suitable for enrichment. The customer delivers uranium to
Cameco&#146;s conversion facilities. Once conversion is complete, Cameco physically delivers
converted uranium to enrichment facilities (Enrichers) where the Enricher will credit
Cameco&#146;s account for the volume of accepted processed uranium. Based on delivery terms in a
sales contract with its customer, Cameco instructs the Enricher to transfer title of a
contractually specified quantity of converted uranium to the customer&#146;s account at the
Enricher&#146;s facility. At this point, Cameco invoices the customer and recognizes revenue for
the toll conversion services.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><I>&nbsp;</I></TD>
    <TD width="1%"><I>&nbsp;</I></TD>
    <TD><I>Conversion Supply</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In a conversion supply arrangement, Cameco is contractually obligated to provide uranium
concentrates and conversion services to its customers. Cameco-owned uranium is converted and
physically delivered to an Enricher as described in the toll conversion services arrangement.
Based on delivery terms in a sales contract with its customer, Cameco instructs the Enricher
to transfer title of a contractually specified quantity of converted uranium to the
customer&#146;s account at the Enricher&#146;s facility. At this point, Cameco invoices the customer
and recognizes revenue for both the uranium supplied and the conversion service provided. It
is rare for Cameco to enter into back-to-back arrangements for uranium supply and toll
conversion services. However, in the event that a customer requires such an arrangement,
revenue from uranium supply is deferred until the toll conversion service has been rendered.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Revenue from deliveries to counterparties with whom Cameco has arranged a standby
product loan facility (up to the limit of the loan facilities) and the related cost of sales
are deferred until the loan arrangements have been terminated, or if drawn upon, when the
loans are repaid and that portion of the facility is terminated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Electricity sales are recognized at the time of generation, and delivery to the purchasing
utility is metered at the point of interconnection with the transmission system. Revenues are
recognized on an accrual basis, which includes an estimate of the value of electricity
produced during the period but not yet billed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(o)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Amortization of Financing Costs</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For financial instruments that are measured at amortized cost, the effective interest method
of amortization is used for any debt discounts and issue expenses. Unamortized costs are
classified with their related financial liability.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(p)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Foreign Currency Translation</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Monetary assets and liabilities denominated in foreign currencies are translated into
Canadian dollars at year-end rates of exchange. Revenue and expense transactions denominated
in foreign currencies are translated into Canadian dollars at rates in effect at the time of
the transactions. The applicable exchange gains and losses arising on these transactions are
reflected in earnings.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The United States (US)&nbsp;dollar is considered the functional currency of most of Cameco&#146;s
operations outside of Canada. The financial statements of these operations are translated
into Canadian dollars using the current rate method whereby all assets and liabilities are
translated at the year-end rate of exchange, and all revenue and expense items are translated
at the average rate of exchange prevailing during the year. Exchange gains and losses
arising from this translation, representing the net unrealized foreign currency translation
gain (loss)&nbsp;on Cameco&#146;s net investment in these foreign operations, are recorded in the
foreign currency translation adjustments component of accumulated other comprehensive income
(AOCI). Exchange gains or losses arising from the translation of foreign debt designated as
hedges of a net investment in foreign operations are also recorded in the foreign currency
translation adjustments component of AOCI. These adjustments are not included in earnings
until realized through a reduction in Cameco&#146;s net investment in such operations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(q)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Derivative Financial Instruments and Hedging Transactions</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><I>&nbsp;</I></TD>
    <TD width="1%"><I>&nbsp;</I></TD>
    <TD><I>Financial Assets and Financial Liabilities</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All financial assets and liabilities are carried at fair value in the consolidated balance
sheets, except for items classified in the following categories, which are carried at
amortized cost: loans and receivables, held-to-maturity securities and financial liabilities
not held-for-trading. Realized and unrealized gains and losses on financial assets and
liabilities that are held-for-trading are recorded in the consolidated statements of
earnings. Unrealized gains and losses on financial assets that are available-for-sale are
reported in OCI until realized, at which time they are recorded in the consolidated
statements of earnings.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><I>&nbsp;</I></TD>
    <TD width="1%"><I>&nbsp;</I></TD>
    <TD><I>Hedge Accounting and Derivatives</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Derivative financial and commodity instruments are employed by Cameco to reduce exposure to
fluctuations in foreign currency exchange rates, interest rates and commodity prices. All
derivative instruments are recorded at fair value in the consolidated balance sheets, except
for those designated as hedging instruments.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The purpose of hedging transactions is to modify Cameco&#146;s exposure to one or more risks by
creating an offset between changes in the fair value of, or the cash inflows attributable to,
the hedged item and the hedging item. Hedge accounting ensures that the offsetting gains,
losses, revenues and expenses are recognized to net earnings in the same period or periods.
When hedge accounting is appropriate, the hedging relationship is designated as a fair value
hedge, a cash flow hedge, or a foreign currency risk hedge related to a net investment in a
self-sustaining foreign operation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the inception of a hedging relationship, Cameco formally documents all relationships
between hedging instruments and hedged items, as well as its risk management objective and
strategy for undertaking various hedge transactions. The process includes linking all
derivatives to specific assets and liabilities on the balance sheet or to specific firm
commitments or forecasted transactions. Cameco also formally assesses, both at the inception
and on an ongoing basis, whether the derivatives that are used in hedging transactions are
highly effective in offsetting changes in fair values or cash flows of hedged items.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For fair value hedges, changes in the fair value of the derivatives and corresponding changes
in fair value of the hedged items attributed to the risk being hedged are recognized in the
consolidated statements of earnings. For cash flow hedges, the effective portion of the
changes in the fair values of the derivative instruments are recorded in OCI until the hedged
items are recognized in the consolidated statements of earnings. Derivative instruments that
do not qualify for hedge accounting, or are not designated as hedging instruments, are
marked-to-market and the resulting net gains or losses are recognized on the consolidated
statements of earnings.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Derivatives may be embedded in other financial instruments (the &#147;host instrument&#148;). Embedded
derivatives are treated as separate derivatives when their economic characteristics and risks
are not clearly and closely related to those of the host instrument, the terms of the
embedded derivative are the same as those of a stand-alone derivative, and the combined
contract is not held-for-trading or designated at fair value. These embedded derivatives are
measured at fair value with subsequent changes recognized in gains or losses on derivatives
on the consolidated statements of earnings.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(r)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Earnings Per Share</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Earnings per share are calculated using the weighted average number of common shares
outstanding.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The calculation of diluted earnings per share assumes that outstanding options and warrants
which are dilutive to earnings per share are exercised and the proceeds are used to
repurchase shares of the company at the average market price of the shares for the period.
The effect is to increase the number of shares used to calculate diluted earnings per share.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Accounting Standards</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Future Changes in Accounting Policies</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&nbsp;</B></TD>
    <TD width="1%"><B>&nbsp;</B></TD>
    <TD><B>International Financial Reporting Standards (IFRS)</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In February&nbsp;2008, the Accounting Standards Board announced that Canadian publicly accountable
enterprises will be required to adopt IFRS effective January&nbsp;1, 2011. As a result, Cameco
will publish its first consolidated financial statements, prepared in accordance with IFRS,
for the quarter ending March&nbsp;31, 2011. We will also provide comparative data on an IFRS
basis, including an opening balance sheet as at January&nbsp;1, 2010.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial Risk Management</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This note presents information about various risks that Cameco is exposed to from its
use of financial instruments, its objectives, policies and processes for measuring and managing
risk, and the company&#146;s management of capital. Further quantitative disclosures are included
throughout these consolidated financial statements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Risk Management Overview</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco is exposed in varying degrees to a variety of financial instrument related risks.
Management and the board of directors, both separately and together, discuss the principal risks
of our businesses. The board sets policies for the implementation of systems to manage, monitor
and mitigate identifiable risks. Cameco&#146;s risk management objective in relation to these
instruments is to protect and minimize volatility in cash flow.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Market Risk</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco engages in various business activities which expose the company to market risk from
changes in commodity prices and foreign currency exchange rates. As part of its overall risk
management strategy, Cameco uses derivatives to manage some of its exposures to market risk that
result from these activities.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Derivative instruments may include financial and physical forward contracts. Such contracts may
be used to establish a fixed price for a commodity, an interest-bearing obligation or a cash
flow denominated in a foreign currency. Market risks are monitored regularly against defined
risk limits and tolerances.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s actual exposure to these market risks is constantly changing as the company&#146;s
portfolios of foreign currency and commodity contracts change. Changes in fair value or cash
flows based on market variable fluctuations cannot be extrapolated as the relationship between
the change in the market variable and the change in fair value or cash flow may not be linear.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The types of risk exposure and the way in which such exposure is managed are as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commodity Price Risk</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As a significant producer and supplier of uranium, nuclear fuel processing and electricity,
Cameco bears significant exposure to changes in prices for these products. A substantial
change in prices will affect the company&#146;s net earnings and operating cash flows. Prices for
Cameco&#146;s products are volatile and are influenced by numerous factors beyond the company&#146;s
control, such as supply and demand fundamentals, geopolitical events and, in the case of
electricity prices, weather.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s sales contracting strategy focuses on reducing the volatility in future earnings and
cash flow, while providing both protection against decreases in market price and retention of
exposure to future market price increases. To mitigate the risks associated with the
fluctuations in the market price for uranium products, Cameco seeks to maintain a portfolio
of uranium product sales contracts with a variety of delivery dates and pricing mechanisms
that provide a degree of protection from pricing volatility. To mitigate risks associated
with fluctuations in the market price for electricity, BPLP enters into various energy and
sales related contracts that qualify as cash flow hedges. At December&nbsp;31, 2010, the effect
of a $1/MWh increase in the market price for electricity would be a decrease of $175,000 in
net earnings, and a decrease in other comprehensive income of $850,000 for 2010.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Foreign Exchange Risk</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The relationship between the Canadian and US dollars affects financial results of the uranium
business as well as the fuel services business.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales of uranium and fuel services are routinely denominated in US dollars while production
costs are largely denominated in Canadian dollars. Cameco attempts to provide some
protection against exchange rate fluctuations by planned hedging activity designed to smooth
volatility. Cameco also has a natural hedge against US currency fluctuations because a
portion of its annual cash outlays, including purchases of uranium and fuel services, is
denominated in US dollars. At December&nbsp;31, 2010, the effect of a $0.01 increase in the US to
Canadian dollar exchange rate on our portfolio of currency hedges and other US denominated
exposures would have been a decrease of $9,200,000 in net earnings for 2010.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Counterparty Credit Risk</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s sales of uranium product, conversion and fuel manufacturing services expose the
company to the risk of non-payment. Counterparty credit risk is associated with the ability
of counterparties to satisfy their contractual obligations to Cameco, including both payment
and performance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco manages this risk by monitoring the credit worthiness of our customers and seeking
pre-payment or other forms of payment security from customers with an unacceptable level of
credit risk.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s maximum counterparty credit exposure at the balance sheet date consists primarily of
the carrying amount of financial assets such as accounts receivable and short-term
investments. At December&nbsp;31, 2010, there were no significant concentrations of credit risk
and no amounts were held as collateral.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Liquidity Risk</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Financial liquidity represents Cameco&#146;s ability to fund future operating activities and
investments. Cameco ensures that there is sufficient capital in order to meet short-term
business requirements, after taking into account cash flows from operations and the company&#146;s
holdings of cash and cash equivalents. The company believes that these sources will be
sufficient to cover the likely short-term and long-term cash requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The tables below outline the maturity dates for Cameco&#146;s non-derivative financial liabilities
including, principal and interest, as at December&nbsp;31, 2010:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due in less</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due in</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due in</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due after</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">than 1 year</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">1-3 years</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">3-5 years</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">5 years</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>794</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">496</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BPLP lease</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>159</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>73</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total contractual repayments</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,026</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">86</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">337</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">572</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due in less</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due in</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due in</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Due after</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">than 1 year</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">1-3 years</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">3-5 years</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">5 years</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest on long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>312</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">104</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest on BPLP lease</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>55</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest on short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total interest payments</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>369</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">96</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">113</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(e)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest Rate Risk</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the year, Cameco entered into interest rate swap arrangements whereby fixed rate
payments in relation to part of the $300,000,000 Series&nbsp;C debenture were swapped for variable
rate payments. The notional amount under the swap arrangements is $135,000,000. Concurrently,
Cameco has entered into interest rate cap arrangements at a notional amount of $135,000,000
million that are effective March&nbsp;18, 2013 and terminate on March&nbsp;16, 2015. These interest
rate cap arrangements, when effective, will limit Cameco&#146;s interest rate exposure to 5% plus
an average margin of 1.81%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At December&nbsp;31, 2010, the effect of a 1% increase in the three-month bankers acceptance rate
would be a decrease in net earnings of $3,570,000.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&nbsp;</B></TD>
    <TD width="1%"><B>&nbsp;</B></TD>
    <TD><B>Capital Management</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s capital structure reflects our vision and the environment in which we operate. We seek
growth through development and expansion of existing assets and by acquisition. Our capital
resources are managed to support achievement of our goals. The overall objectives for managing
capital remained unchanged in 2010 from the prior comparative period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s management considers its capital structure to consist of long-term debt, short-term
debt (net of cash and cash equivalents), minority interest and shareholders&#146; equity.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The capital structure at December&nbsp;31, 2010 was as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Thousands)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">953,494</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">964,482</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,948</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76,762</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(376,621</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,101,229</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Short-term investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(883,032</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(202,836</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(233,211</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(262,821</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,139</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,040</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,216,327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,843,828</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,394,466</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,007,868</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,161,255</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,745,047</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco is bound by certain covenants in its general credit facilities. These covenants place
restrictions on total debt, including guarantees, and set minimum levels for net worth. As of
December&nbsp;31, 2010, Cameco met these requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Short-Term Investments</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2010, Cameco purchased money market instruments with terms to maturity between three and 12
months. The fair values of marketable securities held at December&nbsp;31, 2010 were $883,032,000
(2009 &#151; $202,836,000).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Inventories</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Uranium</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Concentrate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">392,613</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">310,893</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Broken ore</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,264</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,125</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">404,877</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">329,018</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Fuel Services</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137,649</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,206</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>542,526</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>453,224</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Property, Plant and Equipment</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Accumulated</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Depreciation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cost</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>and Depletion</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010 Net</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009 Net</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Uranium</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Mining</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,562,849</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,657,227</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,905,622</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,801,379</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-producing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,674,131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,674,131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,476,409</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Fuel Services</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">507,221</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">233,973</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">273,248</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">279,313</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Electricity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Assets under capital lease</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89,744</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74,544</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83,866</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">610,826</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">257,945</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">352,881</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">361,377</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">125,178</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,795</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57,383</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,759</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>6,644,493</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2,306,684</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>4,337,809</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>4,068,103</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Intangible Assets</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Accumulated</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cost</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Depreciation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010 Net</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009 Net</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">118,819</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,549</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">94,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">97,713</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The intangible asset value relates to intellectual property associated with Cameco Fuel
Manufacturing and is being amortized on a units-of-production basis.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>9. Long-Term Receivables, Investments and Other</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Bruce B L.P. (BPLP) &#091;note 21&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Capital lease receivable from Bruce A L.P. (BALP) <SUP style="FONT-size: 85%; vertical-align: text-top">(i)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">91,608</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">94,895</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Derivatives &#091;note 26&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77,831</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141,949</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued pension benefit asset &#091;note 23&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88,268</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54,864</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity accounted investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Global Laser Enrichment LLC (Cameco&#146;s interest 24%) (privately held)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">162,718</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">185,716</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">UNOR Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">935</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">UEX Corporation (market value $103,186)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,998</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,052</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Huron Wind (privately held)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,913</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,002</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minergia S.A.C. (privately held)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,337</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,551</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">UFP Investments Inc. (privately held)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,784</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,617</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Available-for-sale securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Western Uranium Corporation (market value $6,033)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,033</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,637</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">GoviEx Uranium (privately held)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,017</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,214</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Derivatives &#091;note 26&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68,432</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cost of sales &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,415</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Advances receivable from Inkai JV LLP<SUP style="FONT-size: 85%; vertical-align: text-top"> (ii)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">125,072</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141,149</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accrued pension benefit asset &#091;note 23&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,142</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,264</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,539</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64,320</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">720,271</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">822,012</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less current portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(91,447</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(154,725</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>628,824</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>667,287</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">(i)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD> BPLP leases the Bruce A nuclear generating plants and other property, plant and
equipment to BALP under a sublease agreement. Future minimum base rent sublease payments
under the capital lease receivable are imputed using a 7.5% discount rate.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">(ii)</SUP> </TD>
    <TD>&nbsp;</TD>
    <TD>Through an unsecured shareholder loan, Cameco has agreed to fund the development
of the Inkai project. The limit of the loan facility is $370,000,000 (US)&nbsp;and advances
under the facility bear interest at a rate of LIBOR plus 2%. At December&nbsp;31, 2010,
$314,000,000 (US)&nbsp;of principal and interest was outstanding (2009 &#151; $337,000,000 (US)), of
which 40% represents the joint venture partner&#146;s share.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>10.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Short-Term Debt</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2008, a promissory note in the amount of $73,344,000 (US)&nbsp;was issued to finance the
acquisition of GE-Hitachi Global Laser Enrichment LLC (GLE). The promissory note is payable on
demand and bears interest at a market rate of 2.72%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In February&nbsp;2009, Cameco concluded an arrangement for a $100,000,000 unsecured revolving credit
facility. The original maturity date of the facility was February&nbsp;5, 2010, however, in November
2010, upon mutual agreement with the lender, this facility was further extended to February&nbsp;4,
2012. There are no longer any extensions available under this facility and there is no amount
outstanding.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>11. Long-Term Debt</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Debentures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">794,483</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">793,842</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capital lease obligation &#151; BPLP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">159,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170,640</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">953,494</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">964,482</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less current portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13,177</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11,629</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>940,317</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>952,853</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has $300,000,000 outstanding in senior unsecured debentures (Series&nbsp;C). These debentures
bear interest at a rate of 4.7% per annum (effective interest rate of 4.79%) and mature
September&nbsp;16, 2015.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On September&nbsp;2, 2009, Cameco issued debentures in the amount of $500,000,000. The debentures
bear interest at 5.67% per annum (effective interest rate of 5.80%) and mature on September&nbsp;2,
2019. The proceeds of the issue after deducting expenses were $495,300,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has a $500,000,000 unsecured revolving credit facility that is available until November
30, 2012. In addition to direct borrowings under the facility, up to $100,000,000 can be used
for the issuance of letters of credit and, to the extent necessary, up to $400,000,000 may be
allocated to provide liquidity support for the company&#146;s commercial paper program. The facility
ranks equally with all of Cameco&#146;s other senior debt. At December&nbsp;31, 2010, there were no
amounts outstanding under this credit facility (2009 &#151; nil). Cameco may also borrow directly
in the commercial paper market. There was no commercial paper outstanding at December&nbsp;31, 2010
(2009 &#151; nil). These amounts, when drawn, are classified as long-term debt.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco is bound by certain covenants in its revolving credit facilities. The significant
financial covenants require a funded debt to tangible net worth ratio equal to or less than 1:1
and a tangible net worth greater than $1,250,000,000. Non-compliance with any of these
covenants could result in accelerated payment and termination of the revolving credit facility.
At December&nbsp;31, 2010, Cameco was in compliance with covenants and does not expect its operating
and investing activities in 2011 to be constrained by them.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has $554,934,000 ($400,882,000 and $154,889,000 (US)) in letter of credit facilities.
The majority of the outstanding letters of credit at December&nbsp;31, 2010 relate to future
decommissioning and reclamation liabilities &#091;note 12&#093; and amounted to $549,533,000 ($395,818,000
and $153,987,000 (US)) (2009 &#151; $592,215,000 ($396,427,000 and $187,071,000 (US)).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BPLP holds a long-term lease with OPG to operate the Bruce nuclear power facility. The term of
the lease, which expires in 2018, is 18&nbsp;years with an option to extend the lease for up to an
additional 25&nbsp;years. The interest rate associated with the lease is 7.5%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BPLP has a $200,000,000 (Cameco&#146;s share $63,200,000) revolving credit facility that is available
until July&nbsp;30, 2013, as well as $270,000,000 (Cameco&#146;s share $83,320,000) in letter of credit
facilities. As at December&nbsp;31, 2010, BPLP had $45,000,000 (Cameco&#146;s share $14,220,000)
outstanding under the revolving credit facility (2009 &#151; $35,000,000 (Cameco&#146;s share
$11,060,000)) and $270,000,000 (Cameco&#146;s share $85,320,000) outstanding under the letter of
credit facilities (2009 &#151; $184,000,000 (Cameco&#146;s share $58,144,000)).</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The table below represents currently scheduled maturities of long-term debt and capital lease
obligations over the next five years.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">13,177</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2012</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,852</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,337</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2014</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,233</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2015</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">319,040</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thereafter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">571,855</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>953,494</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Standby Product Loan Facilities</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco had arranged for a standby product loan facility with one of its customers. The
arrangement, which was finalized in 2008, allowed Cameco to borrow up to 2,400,000 pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> equivalent over the period 2008 to 2011 with repayment during 2012 to
2014. Under the loan facility, standby fees of 2% were payable based on the market value of the
facility, and interest was payable on the market value of any amounts drawn at a rate of 5%. Any
borrowings were repayable in kind.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On September&nbsp;13, 2010, Cameco gave notice of termination to the counterparty of the product loan
agreement. The loan facility was terminated on October&nbsp;15, 2010.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>12.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Provision for Reclamation</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s estimates of future asset retirement obligations are based on reclamation standards
that satisfy regulatory requirements. Elements of uncertainty in estimating these amounts
include potential changes in regulatory requirements, decommissioning and reclamation
alternatives and amounts to be recovered from other parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco estimates total future decommissioning and reclamation costs for its operating assets to
be $465,709,000. These estimates are reviewed by Cameco technical personnel as required by
regulatory agencies or more frequently as circumstances warrant. In connection with future
decommissioning and reclamation costs, Cameco has provided financial assurances of $548,933,000
in the form of letters of credit to satisfy current regulatory requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under the BPLP lease agreement, OPG, as the owner of the Bruce nuclear plants, is responsible to
decommission the Bruce facility and to provide funding and meet other requirements that the
Canadian Nuclear Safety Commission (CNSC)&nbsp;may require of BPLP as licensed operator of the Bruce
facility. OPG is also responsible to manage radioactive waste associated with decommissioning
of the Bruce nuclear plants.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Following is a reconciliation of the total liability for asset retirement obligations:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance, beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">258,277</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">276,431</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Changes in estimates</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,201</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17,125</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Liabilities settled</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12,542</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,599</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accretion expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,208</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,828</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impact of foreign exchange</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,491</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14,258</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Balance, end of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>279,653</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>258,277</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Following is a summary of the key assumptions on which the carrying amount of the asset
retirement obligations is based:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total undiscounted amount of the estimated cash flows &#151; $465,709,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Expected timing of payment of the cash flows &#151; timing is based on life of mine plans.
The majority of expenditures are expected to occur after 2016.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discount rates &#150; 5.00% to 7.50%.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The asset retirement obligations liability relates to the following segments:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Uranium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">211,927</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">192,544</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fuel Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,726</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,733</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>279,653</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>258,277</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>13. Other Liabilities</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred sales &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">17,004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,982</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Derivatives &#091;note 26&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,273</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,137</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accrued post-retirement benefit liability &#091;note 23&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,355</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,019</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions &#091;note 23&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">659</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">491</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BPLP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued post-retirement benefit liability &#091;note 23&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">138,533</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">125,402</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Pensions &#091;note 23&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,699</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,251</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Derivatives &#091;note 26&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,954</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,820</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for waste disposal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,660</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,619</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">272,407</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">273,730</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less current portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(28,228</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29,297</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>244,179</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>244,433</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>14.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Share Capital</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Authorized share capital:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unlimited number of first preferred shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unlimited number of second preferred shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unlimited number of voting common shares, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One Class&nbsp;B share</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Common Shares</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Number Issued</B>(Number of Shares)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">392,838,733</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">365,718,923</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Issued:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Equity issuance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,666,400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stock option plan &#091;note 22&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,512,310</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">453,410</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Issued share capital</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>394,351,043</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>392,838,733</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Class&nbsp;B Share</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One Class&nbsp;B share issued during 1988 and assigned $1 of share capital entitles the
shareholder to vote separately as a class in respect of any proposal to locate the head
office of Cameco to a place not in the province of Saskatchewan.</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Share Issuance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On March&nbsp;5, 2009, Cameco issued 26,666,400 common shares pursuant to a public offering for a
total consideration of $459,995,000. The proceeds of the issue after deducting expenses were
$445,532,000. Excluding the deferred tax recoveries, our net cash proceeds amounted to
$440,150,000 in 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>15.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest and Other</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest on long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">47,877</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">38,377</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest on short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,366</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Foreign exchange (gains)&nbsp;losses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,626</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(21,086</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,597</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,302</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13,910</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,614</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capitalized interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(47,721</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36,815</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>3,474</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(12,470</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Loss (Gain) on Sale of Assets</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sale of geological data</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(1,107</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(3,674</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,214</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,108</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>107</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(566</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>17.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Other Expense</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity in loss of associated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(16,413</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(29,811</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,263</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7,101</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(11,150</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(36,912</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2010, the equity in loss of associated companies includes a charge of $11,363,000 for the
amortization of in-process research and development associated with the investment in GLE (2009
 &#151; $18,295,000).</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->21<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>18.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Income Taxes</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The significant components of future income tax assets and liabilities at December&nbsp;31 are as
follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Provision for reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">92,198</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">89,996</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign exploration and development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,230</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,221</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income tax losses carried forward</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,783</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,617</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,185</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Future income tax assets before valuation allowance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">227,670</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">262,185</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Valuation allowance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(63,843</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(57,398</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Future income tax assets, net of valuation allowance</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>163,827</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>204,787</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">292,631</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">338,645</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,264</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,618</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term investments and other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,484</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82,015</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Future income tax liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>363,379</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>426,278</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net future income tax liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>199,552</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>221,491</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provision for income taxes differs from the amount computed by applying the combined
expected federal and provincial income tax rate to earnings before income taxes. The reasons
for these differences are as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings before income taxes and minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">531,648</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">766,859</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Combined federal and provincial tax rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">30.2</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">31.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Computed income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160,558</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">240,794</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase (decrease)&nbsp;in taxes resulting from:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Reduction in income tax rates</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29,508</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10,983</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Manufacturing and processing deduction</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,846</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,211</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Difference between Canadian rate and rates
applicable to subsidiaries in other countries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(126,222</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(175,969</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Change in valuation allowance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,499</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,125</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Capital and other taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,409</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,824</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stock-based compensation plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,696</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,371</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other permanent differences</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,665</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(19,054</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Income tax expense</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>27,251</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>52,897</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->22<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2008, as part of the ongoing annual audits of Cameco&#146;s Canadian tax returns, Canada
Revenue Agency (CRA)&nbsp;disputed the transfer pricing methodology used by Cameco and its wholly
owned Swiss subsidiary, Cameco Europe Ltd. (CEL), in respect of sale and purchase agreements
for uranium products. In December&nbsp;2008, CRA issued a notice of reassessment, which
increased Cameco&#146;s 2003 income for Canadian income tax purposes by approximately
$43,000,000. Additional reassessments for 2003 were issued by CRA in 2009 and 2010, both to
similar effect. In December&nbsp;2009, CRA issued a notice of reassessment for the 2004 taxation
year, which increased Cameco&#146;s 2004 income by approximately $108,000,000. Another
reassessment for 2004 was issued by CRA on May&nbsp;13, 2010 to similar effect. In December
2010, CRA issued a notice of reassessment for the 2005 taxation year, which increased
Cameco&#146;s 2005 taxable income by approximately $197,000,000. No reassessment received to
date has resulted in more than a nominal amount of cash taxes becoming payable due to the
availability of elective deductions and tax loss carrybacks. Cameco believes it is likely
that CRA will reassess Cameco&#146;s tax returns for the years 2006 through 2010 on a similar
basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CRA&#146;s Transfer Pricing Review Committee is scheduled to meet in late February, 2011, to
decide whether to impose a penalty for 2005. Given that the Transfer Pricing Review
Committee did not impose a transfer pricing penalty for 2003 or 2004, we do not expect that
a penalty will be imposed for 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Having regard to advice from its external advisors, Cameco&#146;s opinion is that CRA&#146;s position
is incorrect, and Cameco is contesting CRA&#146;s position. However, to reflect the uncertainties
of CRA&#146;s appeals process and litigation, Cameco has recorded a cumulative tax provision
related to this matter for the years 2003 through 2010 in the amount of $27,000,000. No
provisions for penalties or interest have been recorded. We do not expect more than a
nominal amount of cash taxes to be payable due to availability of elective deductions and
tax loss carryovers. While the resolution of this matter may result in liabilities that are
higher or lower than the reserve, management believes that the ultimate resolution will not
be material to Cameco&#146;s financial position, results of operations or liquidity over the
period. However, an unfavourable outcome for the years 2003 to 2010 could be material to
Cameco&#146;s financial position, results of operations or cash flows in the year(s) of
resolution.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Further to Cameco&#146;s decision to contest CRA&#146;s reassessments, a Notice of Appeal for the 2003
taxation year was filed with the Tax Court of Canada on July&nbsp;22, 2009, and amended on
January&nbsp;26, 2011, and the litigation process is proceeding. In connection with CRA&#146;s 2004
reassessment, Cameco is contesting the reassessment and pursuing its appeal rights under the
Income Tax Act. A Notice of Appeal for the 2004 taxation year was filed with the Tax Court
of Canada on November&nbsp;10, 2010. Cameco intends to object to the 2005 reassessment and
pursue its appeal rights under the Income Tax Act.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings (loss)&nbsp;before income taxes and minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(27,641</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">109,534</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">559,289</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">657,325</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>531,648</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>766,859</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current income taxes (recovery)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(12,280</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">17,109</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,919</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,551</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>26,639</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>50,660</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Future income taxes (recovery)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,885</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,493</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,648</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>612</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2,237</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Income tax expense</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>27,251</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>52,897</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For 2010, earnings from discontinued operations &#091;note 24&#093; included a net income tax expense of
nil, (2009 &#150; recovery of $94,600,000).</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->23<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At December&nbsp;31, 2010, loss carry forwards of $136,000,000 (2009 &#151; $380,000,000) are available to
reduce taxable income. These losses expire as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Date of expiry</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Canada</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>US</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center"><DIV style="margin-left:30px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">158</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">158</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:30px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,722</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,722</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center"><DIV style="margin-left:30px; text-indent:-15px">2019</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,255</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,255</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:30px; text-indent:-15px">2029</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,463</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,463</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center"><DIV style="margin-left:30px; text-indent:-15px">2030</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">441</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,546</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,987</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:15px; text-indent:-15px">no expiry</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98,657</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98,657</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>441</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>29,889</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>105,912</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>136,242</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Included in the table above is $101,000,000 (2009 &#151; $94,000,000) of temporary differences
related to loss carry forwards where no future benefit is realized.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other comprehensive income included on the consolidated statements of shareholders&#146; equity and
the consolidated statements of comprehensive income is presented net of income taxes. The
following income tax amounts are included in each component of other comprehensive income:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives designated as cash flow hedges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,977</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">48,368</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives designated as cash flow hedges transferred to net
earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29,400</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(48,121</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unrealized gains on assets available-for-sale</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">330</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">466</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Gains) losses on assets available-for-sale transferred to net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(399</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total income tax expense (recovery)&nbsp;included in OCI</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(26,492</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>793</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Accumulated other comprehensive income included on the consolidated statements of shareholders&#146;
equity and the consolidated statement of accumulated other comprehensive income is presented net
of income taxes. The following income tax amounts are included in each component of accumulated
other comprehensive income:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on derivatives designated as cash flow hedges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">10,564</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">36,987</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gains on assets available-for-sale</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">277</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">346</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total income tax expense included in AOCI</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>10,841</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>37,333</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->24<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>19.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Statements of Cash Flows</B></TD>
</TR>

<TR>
    <TD style="font-size: 0pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Other Operating Items</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Changes in non-cash working capital:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(1,566</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">34,556</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(74,899</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(74,938</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Supplies and prepaid expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(21,229</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(27,838</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts payable and accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(141,748</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,784</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29,551</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(46,897</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(268,993</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(84,333</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>20.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Uranium Joint Ventures</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco conducts a portion of its exploration, development, mining and milling activities through
joint ventures. Cameco proportionately consolidates its ownership interest in these assets.
The McArthur River, Key Lake and Cigar Lake joint ventures allocate uranium production to each
joint venture participant and the joint venture participant derives revenue directly from the
sale of such product. Mining and milling expenses incurred by the joint venture are included in
the cost of inventory.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The participants in the Inkai joint venture purchase uranium from Inkai and, in turn, derive
revenue directly from the sale of such product to third party customers. On proportionate
consolidation of Inkai, Cameco eliminates revenues and cost of sales recorded by Inkai related
to sales by Inkai directly to Cameco. After elimination of these related party sales for the
period, there are no revenues and expenses resulting from proportionate consolidation of Inkai
and accordingly, a statement showing revenues and expenses from Inkai has not been provided.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following table outlines Cameco&#146;s proportionate interest of the assets and liabilities of
each joint venture:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Ownership</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">69.81</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">963,510</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">923,786</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">83.33</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">469,156</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">401,604</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50.03</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,022,770</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">874,661</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">60.00</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">233,884</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">255,932</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,689,320</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,455,983</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total Liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">69.81</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">31,960</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25,183</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">83.33</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,345</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,706</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50.03</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,208</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,076</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">60.00</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,341</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,627</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">138,854</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">113,592</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>21.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investment in BPLP</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco holds a 31.6% interest in BPLP, which is governed by an agreement that provides for joint
control of the strategic operating, investing and financing activities among the three major
partners. Cameco proportionately consolidates its 31.6% interest in BPLP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Fuel Supply Agreements</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has entered into fuel supply agreements with BPLP for the procurement of fabricated fuel.
Under these agreements, Cameco will supply uranium, conversion services and fabrication
services. Contract terms are at market rates and on normal trade terms. During 2010, sales of
uranium and conversion services to BPLP amounted to $80,211,000 (2009 &#151; $84,909,000),
approximately 3.8% (2009 &#150; 3.7%) of Cameco&#146;s total revenue. At December&nbsp;31, 2010, amounts
receivable under these agreements totaled $19,667,000 (2009 &#151; $11,505,000).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following schedules reflect Cameco&#146;s 31.6% proportionate interest in the balance sheets,
statements of earnings and statements of cash flows of BPLP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Balance Sheets</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">252</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">373</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">390</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term receivables and investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>793</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>849</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">125</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">129</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">314</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">320</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">439</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">449</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">354</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>793</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>849</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Statements of Earnings</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">477</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">518</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">294</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">286</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings before interest and taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">183</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">232</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>172</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>231</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Statements of Cash Flows</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash provided by operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">238</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash used in investing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(32</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash used in financing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(172</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(200</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>22.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Stock-Based Compensation Plans</B></TD>
</TR>

<TR>
    <TD style="font-size: 0pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Stock Option Plan</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has established a stock option plan under which
options to purchase common shares may be
granted to officers and other employees of Cameco. Options granted under the stock option plan
have an exercise price of not less than the closing price quoted on the TSX for the common
shares of Cameco on the trading day prior to the date on which the option is granted. The
options vest over three years and expire eight years from the date granted. Options have not
been awarded to directors since 2003 and the plan has been amended to preclude the issue of
options to directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate number of common shares that may be issued pursuant to the Cameco stock option
plan shall not exceed 43,017,198, of which 26,092,439 shares have been issued.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Stock option transactions for the respective years were as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Number of Options)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,939,833</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,120,555</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options granted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,515,945</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,381,039</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options exercised &#091;note 14&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,512,310</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(453,410</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options forfeited</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(391,089</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(108,351</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>End of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,552,379</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,939,833</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Exercisable</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,814,761</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,550,148</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Weighted average exercise prices were as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">27.42</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">27.98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options granted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28.90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.41</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options exercised</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options forfeited</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35.05</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35.68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>End of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>30.26</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>27.42</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Exercisable</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>32.02</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>26.84</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total options outstanding and exercisable at December&nbsp;31, 2010 were as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>2010</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Options Outstanding</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Options Exercisable</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Weighted</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Weighted</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Weighted</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Average</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Average</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Average</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Remaining</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Exercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Exercisable</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Option Price Per Share</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Life</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Price</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Price</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">$5.75 - 13.49</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">788,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">9.72</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">788,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">9.72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">13.50 - 32.99</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,755,092</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,381,999</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">33.00 - 55.00</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,009,087</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41.78</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,644,562</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42.19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,552,379</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,814,761</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The foregoing options have expiry dates ranging from March&nbsp;9, 2011 to March&nbsp;2, 2018.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Non-vested stock option transactions for the respective years were as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Number of Options)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,389,685</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,163,426</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options granted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,515,945</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,381,039</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options forfeited</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(91,439</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(75,039</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options vested</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,076,573</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,079,741</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>End of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,737,618</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,389,685</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the year ended December&nbsp;31, 2010, Cameco has recorded a net expense of $8,931,000 (2009 -
$4,372,000), related to options that vested during the year.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The fair value of the options granted each year was determined using the Black-Scholes
option-pricing model with the following weighted average assumptions:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of options granted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,515,945</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,381,039</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average strike price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">28.90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">19.41</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expected dividend</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expected volatility</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">36</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">36</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Risk-free interest rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expected life of option</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">4.0 years</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">4.0 years</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expected forfeitures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">15</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">15</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average grant date fair values</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8.46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5.23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Executive Performance Share Unit (PSU), Deferred Share Unit (DSU), and Other Plans</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Commencing in 2005, Cameco provides each plan participant an annual grant of PSUs in an amount
determined by the board. Each PSU represents one phantom common share that entitles the
participant to a payment of one Cameco common share purchased on the open market, or cash at the
board&#146;s discretion, at the end of each three-year period if certain performance and vesting
criteria have been met. The final value of the PSUs will be based on the value of Cameco common
shares at the end of the three-year period and the number of PSUs that ultimately vest. Vesting
of PSUs at the end of the three-year period will be based on total shareholder return over the
three years, Cameco&#146;s ability to meet its annual cash flow from operations targets and whether
the participating executive remains employed by Cameco at the end of the three-year vesting
period. As of December&nbsp;31, 2010, the total PSUs held by the participants was 395,360 (2009 &#150;
233,710). In 2010, Cameco recognized an expense of $3,679,000 in relation to PSUs (2009 -
$3,347,000).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco offers a deferred share unit plan to non-employee directors. A DSU is a notional unit
that reflects the market value of a single common share of Cameco. 60% of each director&#146;s
annual retainer is paid in DSUs. In addition, on an annual basis, directors can elect to
receive 25%, 50%, 75% or 100% of the remaining 40% of their annual retainer and any additional
fees in the form of DSUs. If a director meets their ownership requirements, the director may
elect to take 25%, 50%, 75% or 100% of their annual retainer and any fees in cash, with the
balance, if any, to be paid in DSUs. Each DSU fully vests upon award. The DSUs will be
redeemed for cash upon a director leaving the board. The redemption amount will be based upon
the weighted average of the closing prices of the common shares of Cameco on the TSX for the
last 20 trading days prior to the redemption date multiplied by the number of DSUs held by the
director. As of December&nbsp;31, 2010, the total DSUs held by participating directors was 354,276
(2009 &#150; 373,921).</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco makes annual grants of bonuses to eligible non-North American employees in the form of
phantom stock options. Employees receive the equivalent value of shares in cash when exercised.
Options granted under the phantom stock option plan have an award value equal to the closing
price quoted on the TSX for the common shares of Cameco on the trading day prior to the date on
which the option is granted. The options vest over three years and expire eight years from the
date granted. As of December&nbsp;31, 2010, the number of options held by participating employees
was 242,051 (2009 &#150;267,148) with exercise prices ranging from $5.88 to $46.88 per share (2009 -
$5.88 to $46.88) and a weighted average exercise price of $30.00 (2009 &#151; $30.61).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Commencing in 2007, Cameco created an employee share ownership plan whereby both employee and
company contributions are used to purchase shares on the open market for employees. The
company&#146;s contributions are expensed during the year of contribution. Under the plan, all
employees have the opportunity to participate in the program to a maximum of 6% of eligible
earnings each year with Cameco matching the first 3% of employee-paid shares by 50%. Cameco
contributes $1,000 of shares annually to each employee that is enrolled in the plan. At
December&nbsp;31, 2010, there were 3,496 participants in the plan (2009 &#150; 3,306). The total number
of shares purchased in 2010 on behalf of participants, including the company contribution, was
214,795 shares (2009 &#150; 281,207). In 2010, the company&#146;s contributions totaled $6,608,000 (2009
 &#151; $5,166,000).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has recognized the following expenses under these plans:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred share units</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,971</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,930</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Phantom stock options</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">979</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,531</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employee share ownership plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,608</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,166</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At December&nbsp;31, 2010, a liability of $16,798,000 (2009 &#151; $14,962,000) was included in the
balance sheet to recognize accrued but unpaid expenses for these plans.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->29<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>23.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Pension and Other Post-Retirement Benefits</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco maintains both defined benefit and defined contribution plans providing pension and
post-retirement benefits to substantially all of its employees.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under the defined pension benefit plans, Cameco provides benefits to retirees based on their
length of service and final average earnings. The non-pension post-retirement plan covers such
benefits as group life and supplemental health insurance to eligible employees and their
dependants. The costs related to the non-pension post-retirement plans are charged to earnings
in the period during which the employment services are rendered. However, these future
obligations are not funded.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The effective date for the most recent valuations for funding purposes on the pension benefit
plans is January&nbsp;1, 2009. The next planned effective date for valuation for funding purposes of
the pension benefit plans is set to be January&nbsp;1, 2012. The status of the defined plans is as
follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Accrued Benefit Obligation</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Other Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">30,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">23,580</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">11,842</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,330</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">915</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">553</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">435</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,905</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,683</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">664</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">730</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actuarial loss (gain)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,647</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">720</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(442</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Foreign exchange</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(81</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(238</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benefits paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,011</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(747</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(601</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(546</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>35,518</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>30,840</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>13,355</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>12,019</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Plan Assets</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fair value at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,209</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">20,289</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actual return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,739</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(708</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employer contributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,158</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,335</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benefits paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,971</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(707</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Fair value at end of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>27,135</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>24,209</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->30<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Plan assets consist of:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Asset Category <SUP style="FONT-size: 85%; vertical-align: text-top">(i)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Equity securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">26</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">28</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Fixed income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">22</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">23</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other <SUP style="FONT-size: 85%; vertical-align: text-top">(ii)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">52</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">49</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">(i)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The defined benefit plan assets contain no material amounts of related party
assets at December&nbsp;31, 2010 and 2009 respectively.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">(ii)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Relates to the value of the refundable tax account held by the Canada Revenue
Agency. The refundable total is approximately equal to half of the sum of the realized
investment income plus employer contributions less half of the benefits paid by the
plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Funded Status Reconciliation</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Other Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fair value of plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">27,135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,209</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accrued benefit obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,355</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,019</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Funded status of plans &#151; deficit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8,383</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,631</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13,355</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12,019</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unamortized net actuarial loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,866</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,404</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Accrued benefit asset (liability)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>5,483</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>7,773</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(13,355</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(12,019</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amounts included in:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term receivables, investments and
other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,142</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,264</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(659</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(491</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13,355</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12,019</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Accrued benefit asset (liability)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>5,483</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>7,773</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(13,355</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(12,019</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Net Pension Expense</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,330</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">915</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,905</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,683</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actual return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,739</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">708</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actuarial loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,647</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance prior to adjustments to recognize the long-term
nature of employee future benefit costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,031</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,953</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Difference between actual and expected return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,961</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,494</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Difference between actuarial loss recognized for year and actual
actuarial loss on accrued benefit obligation for year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,472</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,974</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Defined benefit pension expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,520</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,485</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Defined contribution pension expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,649</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,506</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net pension expense</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>18,169</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>15,991</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->31<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Significant assumptions at December 31</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discount rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Rate of compensation increase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term rate of return on assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.9</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(e)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Other Post-Retirement Benefit Expense</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">553</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">435</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">664</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">730</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actuarial loss (gain)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">720</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(442</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other post-retirement benefit expense</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,937</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>723</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Significant assumptions at December 31</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discount rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Health care cost trend rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(f)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Pension and Other Post-Retirement Benefits Cash Payments</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employer contributions to funded pension plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,158</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,335</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benefits paid for unfunded benefit plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">640</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">585</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash contributions to defined contribution plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,649</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,506</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total cash payments for employee future benefits</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>16,447</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>19,426</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Benefits paid by the funded pension plan were $1,971,000 for 2010 (2009 &#151; $707,000).
Cameco&#146;s expected contributions for the year ended December&nbsp;31, 2011 are approximately
$252,044 for the pension benefit plans.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following are estimated future benefit payments, which reflect expected future service:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Other Benefit Plans</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">8,376</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">699</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2012
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,421</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">736</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2013
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,471</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">815</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2014
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,546</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">822</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2015
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,854</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">806</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2016 to 2020
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,683</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,294</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->32<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>BPLP</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP has a funded registered pension plan and an unfunded supplemental pension plan. The funded
plan is a contributory, defined benefit plan covering all employees up to the limits imposed by
the Income Tax Act. The supplemental pension plan is a non-contributory, defined benefit plan
covering all employees with respect to benefits that exceed the limits under the Income Tax Act.
These plans are based on years of service and final average salary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP also has other post-retirement benefit and other post-employment benefit plans that provide
for group life insurance, health care and long-term disability benefits. These plans are
non-contributory.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The effective date for the most recent valuations for funding purposes on the pension benefit
plans is January&nbsp;1, 2010. The next planned effective date for valuation for funding purposes of
the pension benefit plans is set to be January&nbsp;1, 2011. The status of Cameco&#146;s proportionate
share (31.6%) of the defined plans is as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Accrued Benefit Obligation</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Other Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">711,636</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">617,259</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">151,826</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">112,355</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,944</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,422</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,910</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,478</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,061</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,960</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,284</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actuarial loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139,143</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,291</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,127</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Plan participants&#146; contributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,244</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benefits paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30,797</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(32,890</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,488</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,850</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>887,419</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>711,636</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>181,011</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>151,826</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Plan Assets</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fair value at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">635,293</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">546,755</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actual return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,486</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employer contributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,906</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49,698</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Plan participants&#146; contributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,244</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benefits paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30,797</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(32,890</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Fair value at end of year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>717,320</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>635,293</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Plan assets consist of:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Asset Allocation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Target Allocation</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Asset Category <SUP style="FONT-size: 85%; vertical-align: text-top">(i)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Equity securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">59</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">60</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">60</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">60</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Fixed income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">39</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">38</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">40</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">40</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->33<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The assets of the pension plan are managed on a going concern basis subject to legislative
restrictions. The plan&#146;s investment policy is to maximize returns within an acceptable risk
tolerance. Pension assets are invested in a diversified
manner with consideration given to the demographics of the plan participants. Rebalancing
will take place on a monthly basis if outside of 3% of the target asset allocation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><SUP style="FONT-size: 85%; vertical-align: text-top">(i)</SUP> The defined benefit plan assets contain no material amounts of related party
assets at December&nbsp;31, 2010.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Funded Status Reconciliation</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>Other Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fair value of plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">717,320</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">635,293</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accrued benefit obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">887,419</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">711,636</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">181,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">151,826</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Funded status of plans &#151; deficit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(170,099</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(76,343</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(181,011</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(151,826</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unrecognized prior service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,981</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,431</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unamortized net actuarial loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">237,668</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112,956</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,497</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,993</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Accrued benefit asset (liability)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>67,569</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>36,613</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(138,533</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(125,402</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amounts included in:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term
receivables, investments and other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88,268</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54,864</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(20,699</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18,251</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(138,533</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(125,402</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Accrued benefit asset (liability)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>67,569</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>36,613</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(138,533</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(125,402</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Net Pension Expense</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">14,944</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,478</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,061</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actual return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(55,288</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(65,486</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actuarial loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139,143</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,018</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance prior to adjustments to recognize the long-term
nature of employee future benefit costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">144,662</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,537</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Difference between actual and expected return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,798</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,286</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Difference between actuarial loss recognized and actual actuarial
loss on accrued benefit obligation for year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(135,509</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(63,678</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net pension expense</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>19,951</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>19,145</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Significant assumptions at December 31</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discount rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.3</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Rate of compensation increase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term rate of return on assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->34<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(e)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Other Benefit Plans Expense</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,422</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,910</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,960</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,284</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Actuarial loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,291</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,127</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance prior to adjustments to recognize the long-term nature of
employee
future benefit costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,673</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,321</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Difference between amortization of past service costs and actual plan
amendments for year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">450</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">450</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Difference between actuarial loss (gain)&nbsp;recognized and actual actuarial
loss on accrued benefit obligation for year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(16,504</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31,556</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other benefit plans expense</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>17,619</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>12,215</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Significant assumptions at December 31</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discount rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.1</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Rate of compensation increase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Initial health care cost trend rate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cost trend rate declines to</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Year the rate reaches its final level</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2019</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(f)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Pension and Other Post-Retirement Benefits Cash Payments</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employer contributions to funded pension plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">49,938</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">45,890</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benefits paid for unfunded benefit plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,814</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,209</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total cash payments for employee future benefits</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>54,752</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>50,099</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">

    <TD colspan="3">Benefits paid by the funded pension plan were $30,472,000 for 2010 (2009 &#151; $32,531,000).
BPLP&#146;s expected contributions for the year ended December&nbsp;31, 2011 are approximately
$86,148,000 for the pension benefit plans.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">

        <TD colspan="3">The following are estimated future benefit payments, which reflect expected future service:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Pension Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Other Benefit Plans</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">39,637</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,473</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2012</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,334</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,013</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,201</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,575</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2014</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51,134</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,117</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2015</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54,858</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,613</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2016 to 2020</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">330,163</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,407</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->35<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>24.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Restructuring of the Gold Business</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The assets and liabilities related to discontinued operations have been reclassified as assets
or liabilities of discontinued operations on the consolidated balance sheets. Operating results
related to the discontinued operations have been included in earnings from discontinued
operations on the consolidated statements of earnings. Comparative period balances have been
restated.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Sale of Centerra Gold Inc. (Centerra)</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On December&nbsp;30, 2009, Cameco completed a public offering of 88,618,472 common shares of
Centerra for net proceeds of approximately $871,000,000 and recorded a net gain of
$374,000,000. Concurrent with this offering, Cameco transferred an additional 25,300,000
common shares of Centerra to Kyrgyzaltyn pursuant to the agreement that Cameco entered into
with the Government of the Kyrgyz Republic on April&nbsp;24, 2009. As a result of the closing of
the public offering, and the transfer of the Centerra common shares to Kyrgyzaltyn, Cameco
has disposed of its entire interest in Centerra.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Kyrgyz Share Transfer</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2007, the Parliament of the Kyrgyz Republic challenged the legal validity of Kumtor Gold
Company (Kumtor) agreements with the Kyrgyz Republic. As a result, Cameco and Centerra
entered into discussions with Kyrgyzaltyn, culminating in the signing of two agreements in
August&nbsp;2007 providing for the transfer of a certain number of Centerra shares to Kyrgyzaltyn,
subject to certain conditions. These agreements, however, were never ratified by the Kyrgyz
parliament.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On April&nbsp;24, 2009, Cameco, Centerra, the Kyrgyz government and other parties signed a new
agreement to resolve all the issues related to the Kumtor mine. On April&nbsp;30, 2009, the
Kyrgyz parliament ratified the agreement and enacted legislation authorizing implementation
of the agreement. On June&nbsp;11, 2009, closing occurred and Centerra issued 18,232,615 treasury
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares to Kyrgyzaltyn and Cameco transferred 25,300,000 shares of its 113,918,000 Centerra
common shares to a custodian, to be held in escrow, for ultimate release to Kyrgyzaltyn,
subject to certain conditions. Cameco retained its voting rights over these shares while they
were held in escrow. As a result of the public offering concluded on December&nbsp;30, 2009,
Cameco released the shares held in escrow to Kyrgyzaltyn.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The total amount of the after-tax loss related to this agreement is $179,000,000, of which an
expense of $46,000,000 was recorded in 2009, a recovery of $20,000,000 in 2008 and an expense
of $153,000,000 in 2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial Results of Discontinued Operations</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The results of the operations of Centerra are presented under &#147;discontinued operations&#148; on
the consolidated statements of earnings. The following table presents the components of the
discontinued operations amounts, net of future income tax expenses &#091;note 18&#093;:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sale of Centerra</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">374.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kyrgyz share transfer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(45.9</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">382.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->36<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following table presents the components of the operating results of Centerra:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">770.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Products and services sold</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">440.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Depreciation, depletion and reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Exploration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings before income taxes and minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">54.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>25.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commitments and Contingencies</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On February&nbsp;12, 2004, Cameco, Cameco Bruce Holdings II Inc., BPC Generation
Infrastructure Trust and TransCanada Pipelines Limited (collectively, the &#147;Consortium&#148;)
sent a notice of claim to British Energy Limited and British Energy International Holdings
Limited (collectively, BE) requesting, amongst other things, indemnification for breach of
a representation and warranty contained in the February&nbsp;14, 2003, Amended and Restated
Master Purchase Agreement. The alleged breach is that the Unit 8 steam generators were not
&#147;in good condition, repair and proper working order, having regard to their use and age.&#148;
This defect was discovered during a planned outage conducted just after closing. As a
result of this defect, the planned outage had to be significantly extended. The Consortium
has claimed damages in the amount of $64,558,200 being 79.8% of the $80,900,000 of damages
actually incurred, plus an unspecified amount to take into account the reduced operating
life of the steam generators. By agreement of the parties, an arbitrator has been
appointed to arbitrate the claims and a schedule has been set for the next steps in the
proceeding.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Consortium served its claim on October&nbsp;21, 2008, and has amended it as required, most
recently on August&nbsp;7, 2009. BE served its answer and counter-statement on December&nbsp;22, 2008,
most recently amended on March&nbsp;25, 2010, and the Consortium served its reply and answer to
counter-statement on January&nbsp;22, 2009, most recently amended on August&nbsp;7, 2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Unit 8 steam generators require on-going monitoring and maintenance as a result of the
defect. In addition to the $64,558,200 in damages sought in the notice of claim, the claim
seeks an additional $4,900,000 spent on inspection, monitoring and maintenance of Unit 8, and
$31,900,000 in costs for future monitoring and maintenance, as well as repair costs and lost
revenue due to anticipated unplanned outages as a consequence of the defect in Unit 8. The
initial claim had also sought damages for the early replacement of the Unit 8 steam
generators due to the defect shortening their useful operating lives. However, recent
inspection data and analysis of the condition of the Unit 8 steam generators now indicates
that they will continue to function until the end of the Consortium&#146;s lease of the Bruce
Power facility in 2018, as was expected at the time the MPA was entered into. The claim for
early replacement was thus abandoned via an amendment to the claim on August&nbsp;7, 2009. The
arbitration hearing was completed on November&nbsp;23, 2010 and final oral arguments are scheduled
for June&nbsp;1, 2011.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In anticipation of this claim, BE issued on February&nbsp;10, 2006, and then served on Ontario
Power Generation Inc. (OPG)&nbsp;and Bruce Power LP a Statement of Claim. This Statement of Claim
seeks damages for any amounts that BE is found liable to pay to the Consortium in connection
with the Unit 8 steam generator arbitration described above, damages in the amount of
$500,000,000, costs and pre and post judgment interest amongst other things. Further
proceedings in this action are on hold pending completion of the arbitration hearing.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual supplemental rents of $30,000,000 (subject to CPI) per operating reactor are
payable by BPLP to OPG. Should the hourly annual average price of electricity in Ontario
fall below $30 per megawatt hour, the supplemental rent reduces to $12,000,000 per
operating reactor. In accordance with the Sublease Agreement, Bruce A L.P. will
participate in its share of any adjustments to the supplemental rent.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->37<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco, TransCanada and BPC have assumed the obligations to provide financial
guarantees on behalf of BPLP. Cameco has provided the following financial assurances, with
varying terms that range from 2011 to 2018:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Guarantees to customers under power sales agreements of up to $35,300,000. At
December&nbsp;31, 2010, Cameco&#146;s actual exposure under these guarantees was $24,000,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Termination payments to OPG pursuant to the lease agreement of $58,300,000. The
fair value of these guarantees is nominal.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under a supply contract with the Ontario Power Authority (OPA), BPLP is entitled to
receive payments from the OPA during periods when the market price for electricity in
Ontario is lower than the floor price defined under the agreement during a calendar year.
On July&nbsp;6, 2009, BPLP and the OPA amended the supply contract such that beginning in 2009,
the annual payments received will not be subject to repayment in future years. Previously,
the payments received under the agreement were subject to repayment during the entire term
of the contract, dependent on the spot price in future periods. BPLP&#146;s entitlement to
receive these payments remains in effect until December&nbsp;31, 2019 but the generation that is
subject to these payments starts to decrease in 2016, reflecting the original estimated
lives for the Bruce B units. During 2010, BPLP recorded $339,000,000 under this agreement
which was recognized as revenue with Cameco&#146;s share being $107,000,000. Of the amount
recorded, BPLP currently expects to repay $4,000,000.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(e)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s North American workforce includes about 3,300 employees, of which
approximately 900 (27%) belong to three separate labour unions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(f)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At December&nbsp;31, 2010, Cameco&#146;s purchase commitments, the majority of which are fixed
price uranium and conversion purchase arrangements, were as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">(Millions (US))</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">267</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2012</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">226</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">397</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2014</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">114</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2015</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thereafter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,070</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>26.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial Instruments</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The majority of revenues at Cameco are derived from the sale of uranium products, and
electricity through its investment in BPLP. Cameco&#146;s uranium product financial results are
closely related to the long and short-term market price of uranium sales and conversion
services. Prices fluctuate and can be affected by demand for nuclear power, worldwide
production and uranium levels, and political and economic conditions in uranium producing and
consuming countries. BPLP&#146;s revenue from electricity is affected by changes in electricity
prices associated with an open spot market for electricity in Ontario. Financial results for
Cameco are also impacted by changes in foreign currency exchange rates and other operating
risks. Finally, certain financial assets are subject to credit risks, including cash and
securities, accounts receivable, and commodity and currency instruments.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To mitigate risks associated with certain financial assets, Cameco will hold positions with a
variety of large creditworthy institutions. Sales of uranium products, with short payment
terms, are made to customers that management believes are creditworthy.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To mitigate risks associated with foreign currency on its sale of uranium products, Cameco
enters into forward sales contracts to establish a price for future delivery of the foreign
currency.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->38<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco is exposed to interest rate risk through its interest rate swap contracts whereby fixed
rate payments on a notional amount of $135,000,000 of the Series&nbsp;C senior unsecured debentures
were swapped for variable rate payments. The swaps terminate on March&nbsp;16, 2015. Under the
terms of the swaps, Cameco makes interest payments based on three-month bankers acceptance rate
plus an average margin of 1.81% and receives fixed interest payments of 4.7%. To mitigate this
risk, Cameco entered into interest rate cap arrangements, effective March&nbsp;18, 2013, whereby the
three-month bankers acceptance rate was capped at 5.0% such that total variable payments will
not exceed, on average 6.81%. At December&nbsp;31, 2010, the mark-to-market gain on Cameco&#146;s
interest rate swaps and caps less premiums paid was $1,458,000.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To mitigate risks associated with the fluctuations in the market price for uranium products,
Cameco seeks to maintain a portfolio of uranium product sales contracts with a variety of
delivery dates and pricing mechanisms that provide a degree of protection from price volatility.
To mitigate risks associated with the fluctuations in the market price for electricity, BPLP
enters into various energy and sales related contracts that qualify as cash flow hedges. These
instruments have terms ranging from 2011 to 2016. At December&nbsp;31, 2010, the mark-to-market gain
on BPLP&#146;s sales contracts was $29,000,000.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All financial instruments measured at fair value are categorized into one of three hierarchy
levels, described below, for disclosure purposes. Each level is based on the transparency of
the inputs used to measure the fair values of assets and liabilities:</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Level 1 &#150; Values based on unadjusted quoted prices in active markets that are accessible at
the measurement date for identical assets or liabilities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Level 2 &#150; Values based on quoted prices in markets that are not active or model inputs that
are observable either directly or indirectly for substantially the full term of the asset or
liability.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Level 3 &#150; Values based on prices or valuation techniques that require inputs that are both
unobservable and significant to the overall fair value measurement.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When the inputs used to measure fair value fall within more than one level of the hierarchy, the
level within which the fair value measurement is categorized is based on the lowest level input
that is significant to the fair value measure in its entirety.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as otherwise disclosed, the fair market value of Cameco&#146;s financial assets and
liabilities approximates the carrying amount as a result of the short-term nature of the
instruments, or the variable interest rate associated with the instruments, or the fixed
interest rate of the instruments being similar to market rates.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The fair values of Cameco&#146;s privately held available-for-sale securities, as described in note
9, have not been disclosed because of the unavailability of a quoted market price in an active
market. Cameco does not currently have plans to dispose of any of these investments.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->39<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following tables present Cameco&#146;s fair value hierarchy for those assets and liabilities
measured at fair value on a recurring basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD colspan="3"><B>As at December&nbsp;31, 2010</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Description</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Level 1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Level 2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Level 3</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Derivative instrument assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">127,842</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">122,786</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,056</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Available-for-sale securities &#091;notes 5, 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">889,065</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">889,065</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Derivative instrument liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(35,227</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(35,227</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>981,680</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>889,065</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>87,559</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>5,056</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
        <TD colspan="3"> <B>As at December&nbsp;31, 2009</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Description</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Level 1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Level 2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Level 3</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Derivative instrument assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">210,381</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">197,381</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">13,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Available-for-sale securities &#091;notes 5, 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207,473</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207,473</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Derivative instrument liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(40,957</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(39,957</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,000</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>376,897</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>207,473</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>157,424</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>12,000</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The fair value of a financial instrument is the amount at which the financial instrument could
be exchanged in an arm&#146;s-length transaction between knowledgeable and willing parties under no
compulsion to act. Fair values of identical instruments traded in active markets are determined
by reference to last quoted prices, in the most advantageous active market for that instrument.
In the absence of an active market, we determine fair values based on quoted prices for
instruments with similar characteristics and risk profiles. Fair values of financial
instruments determined using valuation models require the use of inputs. In determining those
inputs, we look primarily to external, readily observable market inputs, when available,
including factors such as interest rate yield curves, currency rates, and price and rate
volatilities, as applicable. In some circumstances, we use input parameters that are not based
on observable market data. In these cases, we may adjust model values to reflect the valuation
uncertainty in order to determine what the fair value would be based on the assumptions that
market participants would use in pricing the financial instrument. These adjustments are made in
order to determine the fair value of the instruments.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We make valuation adjustments for the credit risk of our derivative portfolios in order to
arrive at their fair values. These adjustments take into account the creditworthiness of our
counterparties.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Equity-accounted investments and financial instruments classified as available-for-sale comprise
actively traded debt and equity securities and are carried at fair value based on available
quoted prices.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There were no significant transfers between level 1 and level 2 of the fair value hierarchy.
Transfers into level 3 are comprised of BPLP derivative financial instruments with contract
terms extending beyond 36&nbsp;months. Due to the decline in electricity prices as a result of the
recession, the liquidity in the market has been significantly reduced, resulting in a lack of an
active market and observable market inputs beyond 36&nbsp;months.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->40<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Derivatives</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following tables summarize the fair value of derivatives and classification on the balance
sheet:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">  <TD colspan="3"><B>As at December&nbsp;31, 2010</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cameco</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>BPLP</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-hedge derivatives:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Embedded derivatives &#151; sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(3,864</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,877</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15,013</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign currency contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,144</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest rate contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,458</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,458</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flow hedges:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>44,738</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>47,877</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>92,615</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Classification:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current
portion of long-term receivables, investments and other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">46,629</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">44,505</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">91,134</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term receivables, investments and other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,382</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,326</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,708</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(377</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(20,662</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(21,039</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,896</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,292</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14,188</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>44,738</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>47,877</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>92,615</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">

    <TD colspan="3"><B>As at December&nbsp;31, 2009</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cameco</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>BPLP</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-hedge derivatives:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Embedded derivatives &#151; sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(2,736</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">9,082</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">6,346</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign currency contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,031</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,031</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flow hedges:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96,047</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96,047</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>64,295</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>105,129</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>169,424</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Classification:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current
portion of long-term receivables, investments and other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">66,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">87,439</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">154,411</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term receivables, investments and other &#091;note 9&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,460</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54,510</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,970</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(445</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(19,595</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(20,040</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other liabilities &#091;note 13&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,692</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17,225</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(20,917</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>64,295</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>105,129</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>169,424</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->41<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following tables summarize different components of the (gains)&nbsp;and losses on derivatives:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>For the year ended December&nbsp;31, 2010</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cameco</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>BPLP</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-hedge derivatives:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Embedded derivatives &#151; sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,623</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,785</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,408</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign currency contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(80,107</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(80,107</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest rate contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,482</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,482</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flow hedges:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,998</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,998</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(80,966</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>5,783</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(75,183</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>For the year ended December&nbsp;31, 2009</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cameco</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>BPLP</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-hedge derivatives:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Embedded derivatives &#151; sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(4,764</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(4,737</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(9,501</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign currency contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(234,066</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(234,066</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest rate contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">401</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">401</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flow hedges:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and sales contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(638</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(638</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(238,429</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(5,375</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>$</B></TD>
    <TD align="right"><B>(243,804</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Over the next 12&nbsp;months, based on current exchange rates, Cameco expects an estimated $5,573,000
of pre-tax gains from the foreign currency cash flow hedges to be reclassified through other
comprehensive income to net earnings. The maximum length of time Cameco hedges its exposure
to the variability in future cash flows related to foreign currency on anticipated
transactions is five years.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Over the next 12&nbsp;months, based on current prices, Cameco expects an estimated $18,012,000 of
pre-tax gains from BPLP&#146;s various energy and sales related cash flow hedges to be reclassified
through other comprehensive income to net earnings. The maximum length of time BPLP is hedging
its exposure to the variability in future cash flows related to electricity prices on
anticipated transactions is six years.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Currency</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At December&nbsp;31, 2010, Cameco had $1,317,500,000 (US)&nbsp;in forward contracts at an average exchange
rate of $1.03 and &#128;93,000,000 at an average exchange rate of $1.35. The foreign
currency contracts are scheduled for use as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>US</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Rate</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cdn</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Euro</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Rate</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>US</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">890</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.03</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">917</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&#128;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">61</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2012</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">363</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.04</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">378</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.03</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thereafter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.34</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,318</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.03</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,362</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>&#128;</B></TD>
    <TD align="right"><B>93</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>126</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>These positions consist entirely of forward sales contracts. The average exchange rate reflects
the current forward contract price. Of these amounts, $1,252,500,000 of the US-denominated
contracts and $93,000,000 of the Euro-denominated contracts mature in 2011. The remaining
$65,000,000 in US-denominated contracts matures in 2012.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->42<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>27.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Per Share Amounts</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Per share amounts have been calculated based on the weighted average number of common shares
outstanding during the year. The weighted average number of paid shares outstanding in 2010 was
393,168,523 (2009 &#151;  387,955,503).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Basic earnings per share computation</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">514,749</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,099,422</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average common shares outstanding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">393,169</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">387,956</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Basic earnings per common share</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2.83</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Diluted earnings per share computation</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">514,749</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,099,422</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average common shares outstanding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">393,169</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">387,956</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dilutive effect of stock options</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,850</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,977</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average common shares outstanding, assuming dilution</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">395,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">389,933</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Diluted earnings per common share</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2.82</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>28.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Segmented Information</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco has three reportable segments: uranium, fuel services and electricity. The uranium
segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate.
The fuel services segment involves the refining, conversion and fabrication of uranium
concentrate and the purchase and sale of conversion services. The electricity segment involves
the generation and sale of electricity.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco&#146;s reportable segments are strategic business units with different products, processes and
marketing strategies.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Accounting policies used in each segment are consistent with the policies outlined in the
summary of significant accounting policies.</TD>
</TR>







</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->43<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business Segments</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&nbsp;</B></TD>
    <TD width="1%"><B>&nbsp;</B></TD>
    <TD><B>2010</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Fuel</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Inter-</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Uranium</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Services</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Electricity</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Segment</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,373.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">300.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">476.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(27.3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,123.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Products and services sold</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">698.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">246.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30.6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,127.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Depreciation, depletion and
reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">171.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">251.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Exploration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2.8</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cigar Lake remediation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Loss on sale of assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-segmented expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings before income taxes
and minority interest</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>393.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>177.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>531.6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10.4</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>514.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>6,317.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>395.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>863.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>7,577.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Intangibles</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>94.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>94.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Capital expenditures for the year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>415.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>20.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>34.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>470.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>2009</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Fuel</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Inter-</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Uranium</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Services</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Electricity</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Segment</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,551.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">276.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">518.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(30.9</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,315.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Products and services sold</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">901.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">243.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(24.5</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,324.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Depreciation, depletion and
reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">240.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Exploration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cigar Lake remediation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Gain on sale of assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.6</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-segmented expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(120.4</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings (loss)&nbsp;before income taxes
and minority interest</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>405.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>28.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>219.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6.7</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>766.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3.0</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings from continuing
operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>717.0</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>5,989.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>383.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>922.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>7,296.2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Intangibles</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>97.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>97.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Capital expenditures for the year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>333.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>20.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>38.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>392.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->44<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Geographic Segments</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Revenue from products and services</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Canada  &#151; domestic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">689.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">739.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:75px; text-indent:-15px">&#151; export</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">102.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">194.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">United States</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,331.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,380.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2,123.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2,315.0</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Canada</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,819.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,774.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">United States</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">670.77</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">695.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Australia</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">607.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">553.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Europe</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">342.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Kazakhstan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">230.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">231.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>7,671.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>7,393.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Major Customers</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco relies on a small number of customers to purchase a significant portion of its uranium
concentrates and uranium conversion services. During 2010, revenues from one customer of
Cameco&#146;s uranium and fuel services segments
represented approximately $125,657,000 (2009 &#151; $252,699,000), about 8% (2009 &#151; 14%) of
Cameco&#146;s total revenues from these segments. As customers are relatively few in number,
accounts receivable from any individual customer may periodically exceed 10% of accounts
receivable depending on delivery schedules.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During 2010, electricity revenues from one customer of BPLP represented approximately 7%
(2009 &#151; 5%) of BPLP&#146;s total revenues.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>29.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Talvivaara Agreement</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On February&nbsp;7, 2011, Cameco signed two agreements with Talvivaara Mining Company Plc. to buy
uranium produced at the Sotkamo nickel-zinc mine in Finland. Under the first agreement with
Talvivaara, Cameco will provide an up-front payment, to a maximum of $60,000,000 (US)&nbsp;to cover
certain construction costs. This amount will be repaid through deliveries of uranium
concentrate. Once the full amount has been repaid, Cameco will continue to purchase the uranium
concentrates produced at the Sotkamo mine through a second agreement which provides for the
purchase of uranium using a pricing formula that references market prices at the time of
delivery. The second agreement expires on December&nbsp;31, 2027.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>30.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Related Party Transactions</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco purchases a significant amount of goods and services for its Saskatchewan mining
operations from northern Saskatchewan suppliers to support economic development in the region.
One such supplier is Points Athabasca Contracting Ltd. and the president of the company became a
member of the board of directors of Cameco during 2009. In 2010, Cameco paid Points Athabasca
Contracting Ltd. $38,000,000 (2009 &#151; $30,800,000) for construction and contracting services.
The transactions were conducted in the normal course of business and were accounted for at the
exchange amount. Accounts payable include a balance of $2,290,000 (2009 &#151; $230,000) resulting
from these transactions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>31.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Comparative Figures</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certain prior year balances have been reclassified to conform to the current financial statement
presentation.</TD>
</TR>





</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->45<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>o68633exv99w3.htm
<DESCRIPTION>EX-99.3
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.3</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Cameco Corporation
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">2010 Management&#146;s Discussion and Analysis
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">February&nbsp;14, 2011
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left">
<!--TOC-->
</DIV>
<DIV align="left">
<!--A name="tocpage"--><!--/A-->
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856300.gif" alt="(CAMECO LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Management&#146;s discussion and analysis</B></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>February&nbsp;14, 2011</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#101"-->2010 Highlights
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#102"-->About Cameco
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#103"-->About the nuclear energy industry
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#104"-->Our strategy
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#105"-->Financial results
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">28</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#106"-->Our operations and development projects
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">53</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#107"-->Mineral reserves and resources
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">84</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><!--A href="#108"-->Additional information
<!--/A--></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">90</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<!--/TOC-->
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Throughout this document, the terms <I>we, us, our </I>and <I>Cameco </I>mean Cameco Corporation
and its subsidiaries.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Management&#146;s discussion and analysis</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This management&#146;s discussion and analysis (MD&#038;A) includes information that will help you understand
management&#146;s perspective of our audited consolidated financial statements and notes for the year
ended December&nbsp;31, 2010. The information is based on what we knew as of February&nbsp;11, 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We encourage you to read our audited consolidated financial statements and notes as you review this
MD&#038;A. You can find more information about Cameco, including our audited consolidated financial
statements and our most recent annual information form, on our website at cameco.com, on SEDAR at
sedar.com or on EDGAR at sec.gov. You should also read our annual information form before making an
investment decision about our securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unless we have specified otherwise, all dollar amounts are in Canadian dollars.
The financial information in this MD&#038;A and in our financial statements and notes are prepared
according to Canadian generally accepted accounting principles (Canadian GAAP), unless otherwise
indicated. We also prepared a reconciliation of our annual financial statements to US GAAP, which
has been filed with securities regulatory authorities. We present our mineral reserve and resource
estimates as required by Canadian securities law. See <I>Important information for US investors </I>on
page 85.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Caution about forward-looking information</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our MD&#038;A includes statements and information about our expectations for the future. When we discuss
our strategy, plans, future financial and operating performance, or other things that have not yet
taken place, we are making statements considered to be <I>forward-looking information </I>or
<I>forward-looking statements </I>under Canadian and United States securities laws. We refer to them in
this MD&#038;A as <I>forward-looking information.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Key things to understand about the forward-looking information in this MD&#038;A:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It typically includes words and phrases about the future, such as: believe, estimate,
anticipate, expect, plan, intend, predict, goal, target, project, potential, strategy and
outlook (see examples on page 2).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It represents our current views, and can change significantly.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It is based on a number of <I>material assumptions, </I>including those we&#146;ve listed below, which
may prove to be incorrect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Actual results and events may be significantly different from what we currently expect, due
to the risks associated with our business. We list a number of these <I>material risks </I>below. We
recommend you also review our annual information form, which includes a discussion of other
material risks that could cause actual results to differ significantly from our current
expectations.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Forward-looking information is designed to help you understand management&#146;s current views of our
near and longer term prospects, and may not be appropriate for other purposes. We will not
necessarily update this information unless we are required to by securities laws.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;1
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Examples of forward-looking information in this MD&#038;A</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectations about future worldwide uranium supply and demand</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>spot prices in 2011 are expected to be volatile</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our goal for doubling annual production by 2018 to 40&nbsp;million pounds and our expectation
that existing cash balances and operating cash flows will meet anticipated capital
requirements without the need for any significant additional financing to reach this goal</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our 2011 objectives</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the outlook for each of our operating segments for 2011, and our consolidated outlook for
the year</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectation that we will invest significantly in expanding production at our existing
mines and advancing projects as we pursue our growth strategy</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectation that cash balances will decline gradually as we use the funds in our
business and to pursue our growth plans</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectation that for the next several years our capital expenditures will be similar to
2011</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectation that our operating and investment activities in 2011 will not be
constrained by the financial covenants in our general credit facilities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our uranium price sensitivity analysis</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>forecast production at our uranium operations from 2011 to 2015</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our expectation that Inkai will receive all the necessary approvals and permits to meet its
2011 and future annual production targets</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the likely terms and volumes to be covered by long-term delivery contracts that we enter
into in 2011 and in future years</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>future production at our fuel services operations</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>future royalty and tax payments and rates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our future plans for each of our uranium operating properties, development projects and
projects under evaluation, and fuel services operating sites</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mid-2013 target for initial production from Cigar Lake, the expected benefits of our
surface freeze strategy and our 2011 Cigar Lake plans</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mineral reserve and resource estimates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the discussion of the expected impact of International Financial Reporting Standards
(IFRS)&nbsp;on our financial statements, internal control over financial reporting and disclosure
controls and procedures, our business activities in general, and our estimate of IFRS opening
statement of financial position and interim period financial results</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Material risks</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>actual sales volumes or market prices for any of our products or services are lower than we
expect for any reason, including changes in market prices or loss of market share to a
competitor</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are adversely affected by changes in foreign currency exchange rates, interest rates or
tax rates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>production costs are higher than planned, or necessary supplies are not available, or not
available on commercially reasonable terms</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our estimates of production, purchases, costs, decommissioning or reclamation expenses, or
our tax expense estimates, prove to be inaccurate</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are unable to enforce our legal rights under our existing agreements, permits or
licences, or are subject to litigation or arbitration that has an adverse outcome</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are defects in, or challenges to, title to our properties</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mineral reserve and resource estimates are inaccurate, or we face unexpected or
challenging geological, hydrological or mining conditions</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by environmental, safety and regulatory risks, including increased
regulatory burdens or delays</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we cannot obtain or maintain necessary permits or approvals from government authorities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by political risks in a developing country where we operate</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by terrorism, sabotage, blockades, accident or a deterioration in political
support for, or demand for, nuclear energy</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are changes to government regulations or policies, including tax and trade laws and
policies</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our uranium and conversion suppliers fail to fulfil delivery commitments</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>delay or lack of success in remediating and developing Cigar Lake</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are affected by natural phenomena, including inclement weather, fire, flood and
earthquakes</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our operations are disrupted due to problems with our own or our customers&#146; facilities, the
unavailability of reagents, equipment, operating parts and supplies critical to production,
lack of tailings capacity, labour shortages, labour relations issues, strikes or lockouts,
underground floods, cave ins, tailings dam failures, and other development and operating risks</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>new IFRS standards or changes in the standards or their interpretation</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">2&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Material assumptions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sales and purchase volumes and prices for uranium, fuel services and electricity</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expected production costs</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expected spot prices and realized prices for uranium, and other factors discussed on page
43, <I>Price sensitivity analysis: uranium</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>tax rates, foreign currency exchange rates and interest rates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>decommissioning and reclamation expenses</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mineral reserve and resource estimates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the geological, hydrological and other conditions at our mines</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Cigar Lake remediation and development plans succeed</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our ability to continue to supply our products and services in the expected quantities and
at the expected times</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our ability to comply with current and future environmental, safety and other regulatory
requirements, and to obtain and maintain required regulatory approvals</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our operations are not significantly disrupted as a result of political instability,
nationalization, terrorism, sabotage, blockades, breakdown, natural disasters, governmental or
political actions, litigation or arbitration proceedings, the unavailability of reagents,
equipment, operating parts and supplies critical to production, labour shortages, labour
relations issues, strikes or lockouts, underground floods, cave ins, tailings dam failure,
lack of tailings capacity, or other development or operating risks</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our IFRS related forecasts are not significantly impacted by new IFRS standards or
changes in the standards or their interpretation or changes in our policy choices</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;3
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563101"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 Highlights</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cameco is well positioned as the world becomes increasingly focused on nuclear as a source of
clean, reliable and affordable energy. We are among the world&#146;s largest uranium producers, in a
market where demand is growing, and a pure-play nuclear energy investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our vision is to be a dominant nuclear energy company producing uranium fuel and generating clean
electricity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have long-term objectives for each of our three business segments:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>uranium </I>&#151; double our annual production to 40&nbsp;million pounds by 2018 from existing assets</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>fuel services </I>&#151; invest in our fuel services business to support our overall growth in the
nuclear business</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>electricity </I>&#151; maintain steady cash flow while looking at options to extend the operating
life of the four Bruce B units</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We made excellent progress this year at our operations and on our projects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Strong financial performance</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Net earnings in 2010 were $515&nbsp;million. Last year, net earnings were higher by $584&nbsp;million, due
mainly to the one time gain on the sale of our interest in Centerra Gold Inc. (Centerra) and higher
unrealized gains on financial instruments. Revenue was in line with our guidance, and uranium unit
costs were 7% lower than in 2009. We ended the year with $1.3&nbsp;billion cash on hand. We intend to
use these funds to advance our growth strategy.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">December 31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions except where indicated)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3"><B>change</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,124</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,315</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>744</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>515</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(53</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.82</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(54</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="3"><DIV style="margin-left:15px; text-indent:-15px">Adjusted net earnings (non-GAAP, see page 29)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>496</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3"><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (adjusted and diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.25</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="3"><DIV style="margin-left:15px; text-indent:-15px">Cash provided by operations (after working capital changes)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>507</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">690</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(27</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Average realized prices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">$US/lb</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>43.63</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">14</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:192px; text-indent:-15px">Uranium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">$Cdn/lb</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45.81</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">

<TD colspan="17" align="right"><DIV style="font-size: 1pt; width: 78%; border-bottom: black 1pt solid">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:192px; text-indent:-15px">Fuel services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="left">$Cdn/kgU</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16.86</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.84</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">

<TD colspan="17" align="right"><DIV style="font-size: 1pt; width: 78%; border-bottom: black 1pt solid">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:192px; text-indent:-15px">Electricity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">$Cdn/MWh</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Shares and stock options outstanding</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At February&nbsp;10, 2011, we had:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>394,435,383 common shares and one Class&nbsp;B share outstanding</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>7,432,998 stock options outstanding, with exercise prices ranging from $5.88 to $46.88</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Dividend policy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our board of directors has established a policy of paying a quarterly dividend of $0.10 ($0.40
per year) per common share. This policy will be reviewed from time to time based on our cash flow,
earnings, financial position, strategy and other relevant factors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">4&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Excellent progress this year</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our uranium segment this year, production was 10% higher than 2009 and 6% higher than our plan
at the beginning of 2010. We had a number of successes at our mining operations. Key highlights:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Achieved the best safety performance in our history, exceeding 2009&#146;s award winning
performance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Received approval for production flexibility at McArthur River, which allowed us to exceed
our production target by 6%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Extended Rabbit Lake&#146;s expected mine life by two years to 2017.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Continued to ramp up production at Inkai and exceeded 2009 production by 136%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Finished dewatering the underground development at Cigar Lake, substantially completed
securing the underground development areas and began implementing a surface freeze strategy we
expect will provide a number of benefits. You can read more about this on page 73.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our fuel services segment, production was 25% higher than 2009 due to the routine operation of
the Port Hope UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant. In 2009, the plant was shut down for the first five months of
the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our electricity segment, Bruce Power Limited Partnership (BPLP)&nbsp;generated 25.9 terawatt hours
(TWh) of electricity, at a capacity factor of 91%. Our share of earnings before taxes was $166
million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our investment in GE-Hitachi Global Laser Enrichment LLC (GLE)&nbsp;continues to progress. GLE
successfully completed initial testing of its enrichment technology, which met key performance
criteria. GLE is continuing its testing, and has begun engineering design work for a commercial
facility. In addition, we have continued to work with GLE on potential customer contracts for the
facility. The US Nuclear Regulatory Commission is assessing GLE&#146;s application for a commercial
facility construction and operating licence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We continued to advance our exploration activities, spending $11&nbsp;million at five brownfield
exploration projects, and $48&nbsp;million for resource delineation at Kintyre and Inkai block 3. We
spent about $37&nbsp;million on regional exploration programs. Saskatchewan saw the most expenditures,
followed by Australia, northern Canada, Asia, the US and South America.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3"><B>change</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="15" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">Uranium</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Production volume (million lbs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales volume (million lbs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,551</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="15" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Fuel services</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Production volume (million kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">25</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales volume (million kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">14</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>301</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">276</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="15" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">Electricity</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Output (100%) (TWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue (100%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,509</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,640</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Our share of earnings before
taxes ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>166</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">224</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;5
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key market facts</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Demand for electricity is expected to nearly double from 2008 to 2035, driven mainly by
growth in
the developing world as it seeks to diversify sources of energy and provide security of
supply.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The world is increasingly recognizing the benefits of nuclear energy as it searches for
alternatives to carbon-based electricity generation, and for energy diversification and
security.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the start of 2011, there were 441 commercial nuclear power reactors operating in 30
countries, providing about 14% of the world&#146;s electricity.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the start of 2011, there were 65 reactors under construction and, by 2020, we estimate
104 new reactors (net)&nbsp;to come on line.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Most of this new build is being driven by rapidly developing countries like China and
India, which have severe energy deficits and want clean sources of electricity to improve
their environment and sustain economic growth.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Over the next decade, demand for uranium to fuel existing and new reactors, and build
strategic inventories is expected to grow by an average of 2.5% per year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To meet global demand over the next 10&nbsp;years, we expect 66% of uranium supply will come
from mines that are currently in operation, 16% from finite sources of secondary supply
(mainly Russian highly enriched uranium (HEU), government inventories and limited recycling),
and 18% will have to come from new sources of supply.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With uranium assets on three continents, including high-grade reserves and low-cost mining
operations in Canada, and investments that cover the nuclear fuel cycle &#151; we are ideally
positioned to benefit from the world&#146;s growing need for clean, reliable energy.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">6&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</font>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563102"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Cameco</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our head office is in Saskatoon, Saskatchewan. We are one of the world&#146;s largest uranium producers,
with uranium assets on three continents. Nuclear energy plants around the world use our uranium
products to generate one of the cleanest sources of electricity available today.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o68633o6856301.gif" alt="(PIE CHART)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o68633o6856302.gif" alt="(PIE CHART)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are one of the world&#146;s largest uranium producers, and in 2010 accounted for about 16%
of the world&#146;s production. We have controlling ownership of the world&#146;s largest high-grade
reserves, with ore grades up to 100 times the world average, and low-cost operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Product</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium concentrates
(U<SUB style="font-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="font-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral reserves and resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral reserves
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approximately 475&nbsp;million pounds proven and probable</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approximately 140&nbsp;million pounds measured and indicated and 355&nbsp;million pounds inferred</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Global exploration
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>focused on four continents</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operating properties</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>McArthur River and Key Lake, Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Rabbit Lake, Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Smith Ranch-Highland, Wyoming</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Crow Butte, Nebraska</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai, Kazakhstan</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Development project</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cigar Lake, Saskatchewan</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Projects under evaluation</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai blocks 1 and 2 production increase, Kazakhstan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai block 3, Kazakhstan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>McArthur River extension, Saskatchewan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Kintyre, Australia</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Millennium, Saskatchewan</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are an integrated uranium fuel supplier, offering refining, conversion and fuel manufacturing services.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Products</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium trioxide (UO<SUB style="font-size: 85%; vertical-align: text-bottom">3</SUB>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium hexafluoride (UF<SUB style="font-size: 85%; vertical-align: text-bottom">6</SUB>) <BR>
(control about 35% of western world capacity)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium dioxide
(UO<SUB style="font-size: 85%; vertical-align: text-bottom">2</SUB>) <BR>
(the world&#146;s only commercial producer of natural
UO<SUB style="font-size: 85%; vertical-align: text-bottom">2</SUB>)
</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fuel bundles, reactor components and monitoring equipment used by Candu reactors</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operations</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Blind River refinery, Ontario <BR>

(refines U<SUB style="font-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="font-size: 85%; vertical-align: text-bottom">8</SUB> to UO<SUB style="font-size: 85%; vertical-align: text-bottom">3</SUB>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Port Hope conversion facility, Ontario <BR>

(converts UO<SUB style="font-size: 85%; vertical-align: text-bottom">3</SUB> to UF<SUB style="font-size: 85%; vertical-align: text-bottom">6</SUB> or UO<SUB style="font-size: 85%; vertical-align: text-bottom">2</SUB>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco Fuel Manufacturing Inc., Ontario <BR>

(manufactures fuel bundles and reactor components)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a toll conversion agreement with Springfields Fuels Ltd. (SFL), Lancashire, United Kingdom (UK) <BR>

(to convert UO<SUB style="font-size: 85%; vertical-align: text-bottom">3</SUB> to UF<SUB style="font-size: 85%; vertical-align: text-bottom">6</SUB> &#151; expires in 2016)</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also have a 24% interest in GE-Hitachi Global Laser Enrichment LLC (GLE)&nbsp;in North Carolina,
with General Electric (51%) and Hitachi Ltd. (25%). GLE is testing a third-generation technology
that, if successful, will use lasers to commercially enrich uranium.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;7
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We generate clean electricity through our 31.6% interest in the Bruce Power Limited Partnership (BPLP),
which operates four nuclear reactors at the Bruce B generating station in southern Ontario.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Capacity</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>3,260 megawatts (MW) (100% basis)<BR>
 (about 15% of Ontario&#146;s electricity)</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also have agreements to manage the procurement of fuel and fuel services for BPLP, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>-</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>uranium concentrates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>-</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion services</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>-</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fuel fabrication services</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Global presence</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856303.gif" alt="(MAP)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">8&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563103"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About the nuclear energy industry</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">According to the World Energy Outlook for 2010 (OECD/International Energy Agency), population
growth and industrial development will lead to a near doubling of electricity consumption from 2008
to 2035. Most of this energy will be used by developing (non-OECD) countries as their populations
and standards of living increase.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856304.gif" alt="(BAR GRAPH)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Nuclear power is a clean source of electricity, and generation capacity is growing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As the demand for energy increases, governments, media and consumers are becoming increasingly
aware of the dangers and effects of air pollution and climate change, and the importance of
low-emission sources of electricity. Increasingly, nuclear energy is recognized as a sustainable
alternative to carbon-based electricity that provides energy diversity and security.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nuclear power can generate electricity with no toxic air pollutants and very low carbon dioxide
(CO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>) or other greenhouse gas emissions. It has the capacity to produce enough
electricity on a global scale to meet our growing needs, and while it isn&#146;t the only solution, it
is an affordable and sustainable source of clean, reliable energy. In a carbon-constrained world,
nuclear energy will be an even more important part of the future energy mix.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;9
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the start of 2011, there were 441 commercial nuclear power reactors operating in 30 countries.
Countries around the world are increasing their capacity to generate nuclear power by refurbishing
or uprating nuclear reactors and building new ones.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><IMG src="o68633o6856305.gif" alt="(MAP)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">China is expected to lead the world in the construction of nuclear power plants as electricity
demand continues its rapid growth. India is also moving forward with ambitious growth plans to
diversify its sources of energy and obtain a secure source of electricity. As at January&nbsp;1, 2011:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>China was operating 13 reactors, building between 25 and 30 and planning more. We expect a
net increase of 54 reactors by 2020.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>India was operating 19 reactors and had several under construction. We expect a net
increase of 13 reactors by 2020.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This year the government of Canada signed a civil nuclear co-operation agreement with India to
export nuclear technology, equipment and uranium to support India&#146;s growing nuclear energy
industry. Canada is the eighth nation to sign such an agreement with India since the Nuclear
Suppliers Group lifted a 34-year ban on nuclear co-operation with India in 2008. Licencing
arrangements for these exports still have to be negotiated by the two governments and discussions
are ongoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Russia and South Korea continue to expand their nuclear generating capacity. Several non-nuclear
countries, like United Arab Emirates, Turkey, Vietnam and Italy, are laying the groundwork to
proceed with nuclear power development.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the UK, government commitment to the future of nuclear energy is strong, driven by the need to
limit CO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> emissions, and by concerns about energy security as current reactors approach
the end of their operating lives.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">10&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The US continues to make progress toward new nuclear development with pre-construction activities
for new reactors underway in two states and one reactor under construction in another.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have long-term supply contracts in 12 of these countries, including China. We are in discussions
with India to provide uranium for their growing reactor program.
</DIV>


<DIV align="LEFT" style="font-size: 10pt; margin-top: 18pt"><IMG src="o68633o6856306.gif" alt="(BAR GRAPH)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Demand for uranium is growing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We forecast that world demand will be almost 2.3&nbsp;billion pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> over
the next 10&nbsp;years. This estimate assumes utilities will build strategic inventories of about 160
million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> to support their reactor programs.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856307.gif" alt="(BAR GRAPH)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">China&#146;s significant activity in the long-term market this year is a sign of the growing demand for
uranium and one of the main drivers behind the recent increase in the uranium price. China has been
relatively active in the spot market over the last few years, but in 2010, it advanced its reactor
build program and started to secure uranium under long-
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;11
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">term contracts. We signed two long-term
contracts with Chinese utilities this year, to supply more than 50&nbsp;million pounds of uranium.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect 66% of global uranium supply over the next 10&nbsp;years to come from existing <I>primary
production sources, </I>production from mines that are currently in commercial operation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect 16% to come from existing <I>secondary supply sources</I>. Most of these sources are finite and
will not meet long-term needs. One of the largest current sources of secondary supply is uranium
derived from Russian highly enriched uranium (HEU). All deliveries from this source are expected to
be made by the end of 2013, when the Russian HEU commercial agreement expires. The US government
also makes some of its inventories available to the market, although in much smaller quantities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the remaining 18% will come from <I>new sources of supply.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, five producers of uranium concentrates marketed 70% of world production and there were
only three commercial providers of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion services in the western world.
Barriers to entry for new competitors are high, and the lead time for new uranium production can be
as long as 10&nbsp;years or more, depending on the deposit type and location.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Given our extensive base of mineral reserves and resources, diversified sources of supply, global
exploration program and vertical integration, we are well positioned to capitalize on the growing
interest in nuclear energy.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Despite this growth, challenges remain</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Many countries face major obstacles to new nuclear plant construction, including significant
upfront capital costs, political opposition and uncertain regulatory environments. In some
locations, nuclear energy may not be competitive with other sources of electricity. A country&#146;s
first new-generation nuclear plants will face significant business risks, including first-time
costs, financing, licensing, schedule and construction costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While several countries are making progress on the management of used fuel and other radioactive
waste from the nuclear fuel cycle, it is still a controversial issue. Many environmental groups
continue to oppose the nuclear power industry. There are nuclear plant phase-out programs in a
number of European countries, including Germany. However, Germany recently announced plans to
extend the lifespan of its nuclear plants by an average of 12&nbsp;years. Nuclear power still does not
qualify internationally for greenhouse gas emission credits, even though it has been recognized as
a non-emitting technology in US energy legislation. The lack of climate change legislation in the
US makes nuclear energy less competitive than it is in some other countries.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>The long-term outlook is positive</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Over the long term, we expect that the benefits of nuclear energy will prevail over the challenges,
and market fundamentals for uranium and fuel services will remain positive as:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we expect demand to continue to exceed worldwide production</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>secondary supplies currently filling the shortfall are finite</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>primary production needs to increase to meet future demand</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Over the next 10&nbsp;years, we anticipate demand for uranium and conversion services to increase
moderately, with potential for more rapid growth toward the end of the period, as the construction
and completion of nuclear plants accelerates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">12&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The industry in 2010</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>World consumption and production</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We estimate global uranium consumption in 2010 was about 180&nbsp;million pounds and production was 140
million pounds.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect global uranium consumption to increase to about 195&nbsp;million pounds in 2011, and
production to be approximately 150&nbsp;million pounds. Secondary supplies should continue to bridge the
gap. By 2020, we expect world uranium consumption to be about 230&nbsp;million pounds per year, an
average annual growth rate of about 2%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect world consumption for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> and natural UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> conversion services to
increase by about 7% in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856308.gif" alt="(BAR GRAPH)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Industry prices</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Utilities are well covered
under existing contracts
and have been building up
inventory levels of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
since 2004, so we expect
uranium demand in the near
term to be discretionary.
Spot prices in 2011 are
expected to be volatile.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3"><B>change</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Uranium </B>($US/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)<SUP style="FONT-size: 85%; vertical-align: text-top"> 1</SUP></DIV></TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average spot market price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>46.83</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average long-term price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>60.92</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Fuel services</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">($US/kgU UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>)<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average spot market price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149; North America</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.11</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">27</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149; Europe</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.83</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.82</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">11</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average long-term price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149; North America</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.21</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149; Europe</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.27</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Note: the industry does not publish UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2
</SUB>prices.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 3px double #000000">&nbsp;</TD>

</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Electricity </B>($/MWh)</DIV></TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average Ontario electricity spot price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">20</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Average of prices reported by TradeTech and Ux Consulting (Ux)</TD>
</TR>

</TABLE>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;13
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Contract volumes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Ux estimate for 2010 spot market sales is about 50&nbsp;million pounds, 7% below the record high of
54&nbsp;million pounds in 2009. Utilities were responsible for 39% of the purchases. With spot price
volatility throughout the year, utilities and others took advantage of periods of lower spot prices
to make opportunistic purchases.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expected long-term contracting volumes in 2010 to be similar to 2009, but they ended
significantly higher. Industry estimates are that China agreed to purchase about 170&nbsp;million pounds
under long-term contracts, accounting for about 70% of all long-term purchase volumes. We estimate
long-term contracting volumes in 2011 will be between 150 and 200&nbsp;million pounds, depending on
supply, market expectations, and market prices.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856309.gif" alt="(BAR GRAPH)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">14&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563104"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our strategy</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our vision is to be a dominant nuclear energy company producing uranium fuel and generating clean
electricity. Our goal is to be the supplier, partner, investment and employer of choice in the
nuclear industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are a pure-play nuclear investment with a proven track record and the strengths to take
advantage of the world&#146;s rising demand for clean, safe and reliable energy. Our core strengths make
us unique:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a large portfolio of low-cost mining operations and geographically diverse uranium assets</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>controlling interests in the world&#146;s largest high-grade uranium reserves</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>extensive mineral reserves and resources to support our growth strategy</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>excellent growth potential from existing assets, combined with an advanced global
exploration program</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>multiple sources of conversion and the ability to increase production</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a strong customer base and a worldwide marketing presence</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an extensive portfolio of long-term sales contracts supported by long-life assets</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>innovative technology and experience operating in technically challenging environments</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an enterprise-wide risk management system tied directly to our strategy and objectives</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conservative financial management and the financial strength to support our growth</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>among the first to build relationships in emerging markets</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The focus of our growth strategy continues to be on our uranium segment. With the significant
increase in nuclear reactor construction around the world, utilities and countries are building up
their strategic inventories. In 2010, this resulted in increased long-term contracting and drove
uranium spot prices significantly higher.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our extraordinary assets, contract portfolio, employee expertise and comprehensive industry
knowledge give us the ability to capitalize on any increase in uranium demand and prices,
increasing shareholder value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the same time, we are managing our fuel services segment to better service our customers and
expand our market share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We plan to use the cash we have available to sustain and increase our production from existing
assets. We will consider other uranium production opportunities as they arise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have long-term objectives for each of our three business segments:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>uranium </I>&#151; double our annual production to 40&nbsp;million pounds by 2018 from existing assets</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>fuel services </I>&#151; invest in our fuel services business to support our overall growth in the
nuclear business</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>electricity </I>&#151; maintain steady cash flow while gaining exposure to new opportunities</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These are supported by annual objectives, which you&#146;ll find starting on page 25.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">2010 <FONT style="FONT-variant: SMALL-CAPS">Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;15
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium: doubling production by 2018</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a strategy and process in place to double our annual production to 40&nbsp;million pounds by
2018, which we expect to come from three sources:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>operating properties</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>development projects</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>projects under evaluation</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This chart below shows how we expect each of these sources to progress towards achieving our 2018
production goal.
</DIV>


<DIV align="LEFT" style="font-size: 10pt; margin-top: 18pt"><IMG src="o68633o6856310.gif" alt="(CHART)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">About half of the total expected 2018 annual production is from mines that are already operating.
The other half is from projects that are in development or under evaluation. To reach our goal, we
expect existing cash balances and operating cash flows will meet anticipated capital requirements
without the need for significant additional funding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to spend, on average, between $20&nbsp;million and $25&nbsp;million per year for the next three
years to assess the feasibility of projects under evaluation. These amounts will be expensed as
incurred.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This is not a complete list of all the projects we are currently evaluating. Many projects are
early stage. As we evaluate them, the mix of projects to reach our 2018 goal may change. Our
evaluation process is designed to provide flexibility in development decisions. You can read about
our stage gate process on page 17.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operating properties</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our sources of production are McArthur River/Key Lake, Rabbit Lake, Smith Ranch-Highland, Crow
Butte and Inkai.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We plan to maintain the base of our current production at these operations, and to expand
production where we can by developing new mining zones. We are upgrading the mills at Key Lake and
Rabbit Lake to support our growing production.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai blocks 1 and 2, in Kazakhstan, have the potential to significantly increase production. Based
on current mineral reserves, we expect Rabbit Lake to produce until 2017, although work is ongoing
to extend its mine life even further.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">16&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Development project</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake is our project in development. It is a superior, world-class deposit that we expect to
generate 9&nbsp;million pounds of uranium per year for Cameco (18&nbsp;million pounds per year in total)
after we finish remediation and construction, and ramp up to full production. We are targeting
initial production in mid-2013.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Projects under evaluation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are evaluating several potential sources of production, including expanding McArthur River,
increasing production at Inkai blocks 1 and 2, and advancing Inkai block 3, Kintyre and Millennium.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The McArthur River extension is expected to expand our existing mining area, which is part
of the most prolific high-grade uranium system in the world.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under a memorandum of understanding with our Inkai partner, National Atomic Company
KazAtomProm Joint Stock Company (Kazatomprom), we are in discussions to increase annual
production from blocks 1 and 2, which would result in our share increasing to 5.7&nbsp;million
pounds.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inkai block 3, in Kazakhstan, has the potential to become a significant source of
production.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our acquisition in 2008 of a 70% interest in Kintyre, in Australia, adds potential for
low-cost production and diversifies our production by geography and deposit type.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Millennium is a uranium deposit in northern Saskatchewan that we expect will take advantage
of the mill at Key Lake.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our strategy is to advance these projects through a stage gate process that includes several
defined decision points in the assessment and development stages. At each point, we re-evaluate the
project based on current competitive, economic, social, legal, political and environmental
considerations. If it continues to meet our criteria, we proceed to the next stage. This process
allows us to build a pipeline of projects ready for a production decision.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856311.gif" alt="(GRAPHICS)">
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 management&#146;s discussion and analysis&nbsp;&nbsp;17</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Growth beyond 2018</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our active global exploration program, combined with our disciplined acquisition strategy, will
add to our pipeline of future production sources. Our program is directed at replacing mineral
reserves and resources as they are depleted by our production, and ensuring our growth beyond 2018.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have maintained an active exploration program throughout the uranium price cycle, which has
helped us secure land with exploration and development prospects that are among the best in the
world. In addition, our exploration efforts have increased uranium mineral reserves and resources
at our operations. We have direct interests in almost 70 active exploration projects in six
countries, over 100 experienced professionals searching for the next generation of deposits, and
ownership interests in approximately 4.3&nbsp;million hectares (10.6&nbsp;million acres) of land mainly in
Canada, Australia, Kazakhstan, the US, Mongolia and Peru. Many of these projects are advanced
through joint ventures with both junior and major uranium companies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For properties that meet our investment criteria, we will partner with other companies through
strategic alliances, equity holdings and traditional joint venture arrangements. Our leadership
position and industry expertise in both exploration and corporate social responsibility make us a
partner of choice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Acquisition</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a dedicated team looking for opportunities to acquire companies that are already producing
or are nearing that stage. We will invest when an opportunity is available at the right time and
the right price. Our acquisition strategy complements our exploration strategy, and together they
are building a development pipeline of prospective uranium projects.
</DIV>

<DIV style="width: 33%; border-bottom: 1pt solid black; font-size: 12pt">&nbsp;</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">This discussion of our strategy, our process to double our annual uranium production by 2018,
and our growth beyond that date is forward-looking information. It is based on the assumptions and
subject to the material risks discussed on pages 2 and 3, and specifically on the assumptions and
risks listed here.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Assumptions</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our statements about doubling annual production by 2018 to 40&nbsp;million pounds reflect our current
production target for 2018. Although we are confident in our efforts to reach that target, we
cannot guarantee that we will. We have made assumptions about 2018 production levels at each of our
existing operating mines, except those that we do not expect will still be operating then. We have
also made assumptions about the development of mines that are not operating yet and their 2018
production levels. We believe these assumptions are reasonable, individually and together, but if
an assumption about one or more mines proves to be incorrect, we will not reach our 2018 target
production level unless the shortfall can be made up by additional production at another mine.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">18&nbsp;&nbsp;cameco corporation</FONT>
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Material risks that could prevent us from reaching our target</I>
</DIV>



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>we cannot locate additional reserves and identify appropriate methods of
mining to maintain and increase production levels at McArthur River</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>our partner or the Kazakh government does not support an increase in production to the
expected level at Inkai, blocks 1 and 2, or we don&#146;t reach the full production level as
quickly as we expect</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>we cannot bring block 3 into production at Inkai if the feasibility study is not favourable
or we cannot secure partner or government approval</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>remediation and development at Cigar Lake is not completed on schedule, or we do not reach
the full production level as quickly as we expect</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>development of Kintyre is delayed due to political, regulatory or indigenous people issues</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>we cannot obtain a favourable feasibility study for Kintyre or the Millennium project, or
we cannot reach agreement with our project partners to move ahead with production at Kintyre
or Millennium</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>the Key Lake mill does not have enough capacity to handle anticipated production increases, and
we aren&#146;t able to expand its capacity or to identify alternative milling arrangements</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>the projects under evaluation do not proceed or, if they do, are not completed on schedule
or don&#146;t reach full production levels as quickly as we expect</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>uranium prices and development and operating costs make it uneconomical to develop projects
under consideration</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>we cannot obtain or maintain necessary permits or approvals from government authorities</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>disruption in production or development due to natural phenomena, labour disputes,
political risks, blockades or other acts of social or political activism, lack of tailings
capacity, or other development and operation risks</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services: capturing synergies</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our fuel services segment is strategically important because it helps support the growth of the
uranium segment. Offering a range of products and services to customers helps us broaden our
business relationships and expand our uranium market share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are one of three commercial suppliers of UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> in the western world. Our focus is on
cost-competitiveness and operational efficiency as we gradually increase production at our
world-class conversion facility to support the growing demand. We&#146;re also expanding into innovative
areas like laser enrichment technology to broaden our fuel cycle participation and help us serve
our customers more effectively.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity: capturing added value</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our investment in BPLP is an excellent source of cash flow and a logical fit with our other
businesses. Our focus is on maintaining steady cash flow, building synergies with our other
segments and looking at the option to extend the operating life of the four Bruce B units.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 management&#146;s discussion and analysis&nbsp;&nbsp;19</FONT>
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Building on our strengths</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>World-class assets</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a large portfolio of low-cost mining operations and geographically diverse uranium
assets, and controlling interests in the world&#146;s largest high-grade uranium reserves.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Strong customer relationships</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have large, reliable customers that need uranium regardless of world economic conditions,
and we expect the uranium contract portfolio we&#146;ve built to provide a solid revenue stream for
years to come.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium price leverage</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our plans to increase our production of uranium, combined with our contracting strategy, are
designed to give us increasing leverage when uranium prices go up, and to protect us when prices
decline.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Financial strength</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are in a strong financial position to proceed with our growth plans, and the stability of
our revenue stream allowed us to announce plans to increase annual dividends again this year, to
$0.40 per share starting in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Disciplined portfolio management</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a disciplined portfolio management process that incorporates all capital projects into
a single capital plan and uses a stage gate decision process (see page 17). This ensures our
capital projects are aligned with our strategic objectives, and that business benefits are
measurable and attainable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Focused risk management</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a formal enterprise-wide risk management process that we apply consistently and
systematically across our organization. Risk management is a core element of our strategy and our
objectives, and we use it to continuously improve our organization. It will underpin decisions we
make as we move ahead with our growth strategy.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Innovation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are always looking for ways to improve processes, to increase safety and environmental
performance, and reduce costs. We are currently working on projects in all aspects of operations,
including upgrading the Key Lake and Rabbit Lake mills.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reputation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We believe strongly in our values and apply them consistently in our operations and business
dealings. We are recognized as a reliable supplier and business partner, strong community
supporter, international problem solver and employer of choice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">20&nbsp;&nbsp;cameco corporation</FONT>
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Managing our growth</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our ability to grow is a function of our people, processes, assets and reputation, and the ability
to enhance and leverage these strengths to add value and build competitive advantage.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use four categories to define what we are committed to deliver, and how we will measure our
results:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>outstanding financial performance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a safe, healthy and rewarding workplace</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a clean environment</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>supportive communities</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We introduced these measures of success in 2002, to proactively address the financial, social and
environmental aspects of our business. We believe that each is integral to the company&#146;s overall
success and that, together, they will ensure our long-term sustainability.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Focus on long-term sustainability</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Companies are under growing scrutiny for the way they conduct their businesses, and there has
been a significant increase in stakeholder expectations for environmentally and socially
responsible business practices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Rather than viewing sustainable development as an &#145;add-on&#146; to traditional business activity, we see
it as integral to the way we do business, and have made it a strategic priority, integrating it
into our objectives and compensation policies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You can find out more in our sustainable development report and annual information form, which are
on our website (cameco.com).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outstanding financial performance</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our financial results depend heavily on the prices we realize in our uranium and fuel services
segments, on the cost of supply, and on sales and production volumes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing contracts</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We sell uranium and fuel services directly to nuclear utilities around the world, as uranium
concentrates, UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB>, UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>, conversion services or fuel fabrication.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Uranium is not traded in meaningful quantities on a commodity exchange. Utilities buy the majority
of their uranium and fuel services products under long-term contracts with suppliers, and meet the
rest of their needs on the spot market.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our extensive portfolio of long-term sales contracts &#151; and the long-term, trusting relationships
we have with our customers &#151; are core strengths for us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Because we sell large volumes of uranium every year, our net earnings and operating cash flows are
affected by changes in the uranium price. Our contracting strategy is to secure a solid base of
earnings and cash flow by maintaining a balanced contract portfolio that maximizes our realized
price. Market prices are influenced by the fundamentals of supply and demand, geopolitical events,
disruptions in planned supply and other market factors. Contract terms usually reflect market
conditions at the time the contract is accepted, with deliveries beginning several years in the
future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our current uranium contracting strategy is to sign contracts with terms of 10&nbsp;years or more that
include mechanisms to protect us when market prices decline, and allow us to benefit when market
prices go up. Our portfolio includes a mix of fixed-price and market-related contracts, which we
target at a 40:60 ratio. Fixed-price contracts are typically based on the industry long-term price
indicator at the time the contract is accepted, adjusted for inflation to the time of delivery.
Market-related contracts may be based on either the spot price or the long-term price as quoted at
the time of delivery, and often include floor prices adjusted for inflation and some include
ceiling prices also adjusted for inflation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This is a balanced approach that reduces the volatility of our future earnings and cash flow, and
that we believe delivers the best value to shareholders over the long term. It is also consistent
with the contracting strategy of our
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 management&#146;s discussion and analysis&nbsp;&nbsp;21</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">customers. This strategy has allowed us to add increasingly favourable contracts to our portfolio
that will enable us to benefit from any increases in market prices in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The majority of our contracts include a supply interruption clause that gives us the right to
reduce, on a pro rata basis, defer or cancel deliveries if there is a shortfall in planned
production or in deliveries under the Russian HEU commercial agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are heavily committed under long-term uranium contracts until 2016, so we are becoming
increasingly selective when considering new commitments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The majority of our fuel services contracts are at a fixed price per kgU, adjusted for inflation,
and reflect the market at the time the contract is accepted.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our supply</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We sell more uranium than we produce every year. We meet our delivery commitments using uranium we
obtain:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>from our own production</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by purchasing uranium under both spot and long-term purchase agreements &#151; mostly under the
Russian HEU commercial agreement</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>from our existing inventory &#151; we target inventories of about six months of forward sales
of uranium concentrates and UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We participate in the uranium spot market from time to time, including making spot purchases to
take advantage of opportunities to place the material into higher priced contracts. We determine
the appropriate extent of our spot market activity based on the current spot price and various
factors relating to our business. In addition to being a source of profit, this activity provides
insight into the underlying market fundamentals and supports our sales activities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our costs</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Like all mining companies, our uranium segment is affected by the rising price of inputs like
labour and fuel. In 2010, labour, production supplies and contracted services made up 85% of the
production costs at our uranium mines. Labour (35%) was the largest component. Production supplies
(25%) included fuels, reagents and other items. Contracted services (25%) included mining and
maintenance contractors, air charters, security and ground freight.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Operating costs in our fuel services segment are mainly fixed. In 2010, labour accounted for about
50% of the total. The largest variable operating cost is for energy (natural gas and electricity),
followed by zirconium and anhydrous hydrogen fluoride.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our costs are also affected by the mix of products we produce and those we buy. We have long-term
contracts to buy uranium and conversion services at fixed prices that are lower than the current
published spot and long-term prices. As noted above, we also buy on the spot market, which, while
profitable, can be at prices that are much higher than our other sources of supply.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To help us operate efficiently and cost-effectively as we grow, we manage operating costs and
improve plant reliability by prudently investing in production infrastructure, new technology and
business process improvements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">22&nbsp;&nbsp;cameco corporation</FONT>
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A safe, healthy and rewarding workplace</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We strive to foster a safe, healthy and rewarding workplace at all of our facilities, and
measure progress against key indicators, such as conventional and radiation safety statistics,
employee sentiment toward the company and employment creation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To achieve our growth objectives, we need to build an engaged, qualified and diverse organization
capable of leading and implementing our strategies. Our challenge is to retain our current
workforce and compete for the limited number of people available, both to replace retiring
employees and to support our growth. Our long-term people strategy includes identifying critical
segments and planning our workforce to meet this challenge.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our approach seems to be working: we were included in the Financial Post&#146;s Top 10 Best Companies to
Work For in Canada for 2010 for our employee policies, programs and role in the community, and
Mediacorp named us one of Canada&#146;s Top 100 Employers for both 2010 and 2011. You can find out more
about our awards on our website.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>A clean environment</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are committed to operating our business with respect and care for the local and global
environment. We strive to be a leader in environmental practices and performance by complying with
and moving beyond legal and other requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are committed to integrating environmental leadership into everything we do. In 2005, we
launched a formal environmental leadership initiative, and set objectives and performance
indicators to measure our progress in protecting the air, water and land near our operations, and
in reducing the amount of waste we generate and energy we use.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reducing our impact</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have been working to reduce the impact we have on the environment. This includes monitoring and
reducing our effect on air, water and land, reducing the greenhouse gases we produce and the amount
of energy we consume, and managing the effects of waste.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are investing in management systems and safety initiatives to achieve operational excellence,
and this is improving our safety and environmental performance and operating efficiency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have developed new water treatment technologies that have improved the quality of the water
released from our Saskatchewan uranium milling operations, and are working on other projects to
reduce waste, improve the reclamation process and manage waste rock more effectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have also completed an energy assessment at each of our North American operations, and developed
management plans for reducing our energy intensity and greenhouse gas emissions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are maximizing the lifespan of our operating sites to limit the environmental impact of
operations, and revitalizing the Key Lake mill (in operation for 28&nbsp;years) and Rabbit Lake mill (in
operation for 36&nbsp;years).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Like other large industrial organizations, we use chemicals in our operations that could be
hazardous to our health and the environment if they are not handled correctly. We train our
employees in the proper use of hazardous substances and in emergency response techniques.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We meet with communities who are affected by our activities to tell them what we&#146;re doing and to
receive feedback and further input. For example, in Saskatchewan, we participate in the Athabasca
Working Group and Northern Saskatchewan Environmental Quality Committee. In Ontario, we liaise with
our communities by regularly holding educational and environment-focused activities.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 management&#146;s discussion and analysis&nbsp;&nbsp;23</FONT>
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Supportive communities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To maintain public support for our operations (our social licence to operate) and our global
reputation, we need the respect and support of communities, indigenous people, governments and
regulators affected by our operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We build and sustain the trust of local communities by being a leader in corporate social
responsibility (CSR). Through our CSR initiatives, we educate, engage, employ and invest in the
people in the regions where we operate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For example, in northern Saskatchewan in 2010:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>50% of the employees at our mines were local residents</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>78% of services to our northern minesites &#151; approximately $295&nbsp;million &#151; went to northern
businesses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we engaged in project discussions with communities impacted by our operations and
exploration activities, making 120 community visits to give them information and garner
grassroots support early in the process</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we donated over $2.5&nbsp;million to northern and aboriginal initiatives for youth, health and
wellness, education and literacy, and culture and recreation</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provided $100,000 in scholarships to post-secondary students</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our operations are closely regulated to give the public comfort that we are operating in a safe and
environmentally responsible way. Regulators approve the construction, startup, continued operation
and any significant changes to our operations. Our operations are also subject to laws and
regulations related to safety and the environment, including the management of hazardous wastes and
materials.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our objectives are consistent with those of our regulators &#151; to keep people safe and to protect
the environment. We pursue these goals through open and co-operative relationships with all of our
regulators. We work to earn their trust and that of other stakeholders by continually striving to
protect people and the environment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">24&nbsp;&nbsp;cameco corporation</FONT>
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Measuring our results</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We set corporate, business unit and departmental objectives every year under our four measures
of success, and these become the foundation for a portion of annual employee compensation.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #ffffff"><B>2010 objectives</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #ffffff"><B>Results</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #ffffff"><B>2011 objectives</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">This is forward-looking information.<br>
See page 1 for more information.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Outstanding financial performance</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Production</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Exceeded</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Production</B></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Produce 21.5&nbsp;million pounds of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> and between 14
million and 16&nbsp;million kgU from fuel
services.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Our share of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
production was 22.8&nbsp;million
pounds, or 106% of plan.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Produce 21.9&nbsp;million pounds of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> and between 15
million and 16&nbsp;million kgU from fuel
services.</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>

    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>

We produced 15.4&nbsp;million
kgU at fuel services.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Financial measures</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Corporate performance</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Exceeded</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Corporate performance</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Achieve budgeted net earnings and
cash flow from operations (before working
capital changes).
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Net earnings were higher
than budget. <br>

Cash flow from operations
before working capital changes was
higher than budget.<br><br>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Achieve budgeted net earnings and
cash flow from operations (before working
capital changes).</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Costs</B></TD>
    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Costs</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Strive for unit costs below
budget.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Unit costs for uranium
production and fuel services were
below budget.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Strive for unit costs below
budget.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Growth</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Cigar Lake</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Exceeded</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Cigar Lake</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B><BR>
<BR>
<BR>
<BR>
<BR>
<B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Access and secure underground
workings and continue with remediation
work on schedule. Reinitiate shaft 2
development.<BR>
<BR>
Update the technical report.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><BR><BR>

<B>&#149;</B><BR><BR>


<B>&#149;</B>

</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Successfully dewatered and
re-entered the mine using
innovative technology.<br><BR>


Resumed shaft 2
development.<BR><BR>

Issued technical report.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Advance the project towards
mid-2013 startup by completing
remediation of all underground workings
and advancing shaft 2 sinking.</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Inkai</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Partially achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Inkai</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B><br><br><br>
<B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Advance Inkai block 3 delineation
and begin a feasibility study. <br><br>
Initiate a feasibility study to
increase production at Inkai blocks 1 and
2, and secure necessary regulatory
approvals.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Block 3 delineation was
advanced and supported initiation
of a 5-year resource appraisal
work plan and test leach facility
required by the Kazakh
authorities. <br><br>
Approval in principle to
operate blocks 1 and 2 at 3.9
million pounds per annum (100%
basis) was received, but not for
design capacity of 5.2&nbsp;million
pounds per annum.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br><br><br>
<B>&#149;</B><br><br><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Advance block 3 mineral resource
delineation and the engineering design of
a test leach facility. Advance
construction of site infrastructure.<br><br>
Receive approval to increase
annual production from blocks 1 and 2 to
design capacity of 5.2&nbsp;million pounds per
annum (100% basis).<br><br>
Pursue our longer term objective
of receiving approval to double annual
production from blocks 1 and 2 by
advancing the conversion joint venture
project with Kazatomprom.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 management&#146;s discussion and analysis&nbsp;&nbsp;25</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" colspan="3"><B>2010 objectives</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>Results</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>2011 objectives</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Outstanding financial performance</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Growth </B>(continued)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Kintyre</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Kintyre</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Advance project
evaluation to allow a
production decision as soon
as possible.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><BR>

<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Completed
delineation
drilling and core
logging.<br><BR>
Made
progress on
environmental
baseline studies,
supporting
submission of an
environmental
scoping document to
the Australian
regulator.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Continue to
advance project
evaluation to allow a
production decision as
soon as possible.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Exploration and innovation</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Exceeded</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Exploration and innovation</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B><br><br><br><br><br>
<B>&#149;</B><br><br><br><br><br>
<B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="3">Replace mineral
reserves and resources at the
rate of annual
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
production based on a
three-year rolling average.<br><br>
Continue to advance
extension of McArthur River
and the Millennium project to
provide future sources of
production.<br><br>
Support production
growth and improved operating
efficiencies through targeted
research, development and
technological innovation.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br><br>
<B>&#149;</B><br><br><br><br><br>
<B>&#149;</B>


</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="5">Additions
to reserves and
resources exceeded
production by an
average of 8
million pounds per
year in each of the
last three years
(2008 to 2010).<br><br>
The
McArthur River
extension project
and the Millennium
project were
advanced through
the stage gate
process.<br><br>Cameco&#146;s
Research Centre
advanced a number
of projects aimed
at improving our
environmental
performance and
process
efficiencies at our
operations.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Replace mineral
reserves and resources at
the rate of annual
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
production based on a
three-year rolling
average.<br><br>
Support
production growth and
improved operating
efficiencies through
targeted research,
development and
technological innovation.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>McArthur River extension</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
</TD>
    <TD>&nbsp;</TD>



    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Advance the
underground exploration
drifts to the north of
current mining areas and
initiate a feasibility
study.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><BR>
<B>Millennium</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Continue to
advance the Millennium
project toward a project
decision.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Management</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Management</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B><br><br><br><br>
<B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Continue integrating
portfolio management into our
management, planning and
budgeting processes.<br><br>
Deliver planned
capital projects within 10%
of budget.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Portfolio
management is now
fully integrated
into the planning
and budgeting
process. <br><br>
Capital
projects were
delivered within
10% of budget.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sustain and grow
production in accordance
with our strategy to
double uranium production
by 2018 by advancing
pipeline uranium projects
through the stage gate
process. <br><br>
Deliver planned
capital projects within
10% of budget.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Safe, healthy and rewarding workplace</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" rowspan="2"><B>&#149;</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Strive for no
lost-time injuries at all
Cameco-operated sites and, at
a minimum, maintain a
long-term downward trend in
combined employee and
contractor injury frequency
and severity, and radiation
doses.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Exceeded</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>




<TR valign="bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Overall,
exceptionally
strong safety
performance in
2010.<br><br>
Lost-time
incident frequency
for employees and
contractors was
0.24 per 200,000
hours worked
compared to a
target of 0.5 &#151;
the best
performance in
Cameco&#146;s history.
Medical aid
frequency and
severity were also
significantly
better than target.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="4">Strive for no
lost-time injuries at all
Cameco-operated sites
and, at a minimum,
maintain a long-term
downward trend in
combined employee and
contractor injury
frequency and severity,
and radiation doses.<br><br>
Complete
implementation of the
risk standard and
integrate it into our
quality management
system. Adopt a risk
policy and implement
improvements to the risk
governance structure at
the management and board
level.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="8" valign="top" align="left" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top" rowspan="2"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Develop a formal
implementation plan for the
risk standard and begin
implementation.
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>


   <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">All
operations met or
exceeded their 2010
implementation
milestones.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">26&nbsp;&nbsp;cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" colspan="3"><B>2010 objectives</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>Results</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>2011 objectives</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Clean environment</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" rowspan="2"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Strive for
zero reportable
environmental
incidents, reduce the
frequency of
incidents and have no
significant incidents
at Cameco-operated
sites.
</TD>

    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">


    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There were 22
reportable
environmental
incidents, an
improvement over 2009
(28 incidents), and
below our long-term
average of 30. There
were no significant
environmental
incidents.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Strive for
zero reportable
environmental
incidents, reduce the
frequency of
incidents and have no
significant incidents
at Cameco-operated
sites.<br><br>
Improve
year-over-year
performance in
corporate
environmental
leadership
indicators.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" rowspan="2"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Improve
year-over-year
performance in
corporate
environmental
leadership
indicators.
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Five out of
eight key performance
indicators showed an
improvement relative
to 2009.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Supportive communities</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" rowspan="2"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Build
awareness and support
for Cameco through
community investment,
business development
programs and public
relations.
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">We received
positive feedback
from our annual polls
in Port Hope and
Saskatchewan.<br><br>
We were named
one of Canada&#146;s Top
100 employers, and
one of the top 10
companies to work for
in Canada.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B><br><br><br><br>
<B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Develop
long-term
relationships by
engaging with
stakeholders
important to our
sustainability.<br><br>
Ensure
support from our
employees, impacted
communities,
investors,
governments and the
general public
through
communications,
community investment
and business
development.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" rowspan="2"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" rowspan="2">Advance our
projects by securing
support from
indigenous
communities affected
by our operations.
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Achieved</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

    <TD>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Established
and maintained
positive
relationships with
groups impacted by
our various operating
activities.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="11" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 management&#146;s discussion and analysis&nbsp;&nbsp;27</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left">
<A name="O68563105"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Financial results</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This section of our MD&#038;A discusses our performance, financial condition
and outlook for the future.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563109"><B>2010 consolidated financial results </B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563110">Outlook for 2011 </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563111">Liquidity and capital resources </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563112"><B>2010 financial results by segment </B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563113">Uranium </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563114">Fuel services </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563115">Electricity </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563116"><B>Fourth quarter results </B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563117">Fourth quarter consolidated results </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563118">Quarterly trends </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563119">Fourth quarter results by segment </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">28&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left">
<A name="O68563109"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 consolidated financial results</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, we sold all of our shares of Centerra.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have recast our consolidated financial results for 2008 and 2009 for comparison to show the
impact of Centerra as a discontinued operation, as required under Canadian GAAP. The change
affected a number of financial measures, including revenue, gross profit, administration costs and
income tax expense. See note 24 to the financial statements for more information.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>change from</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">December 31 ($ millions except per share amounts)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2009 to 2010</B></TD>
</TR>

<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,124</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,315</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,183</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>744</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">829</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>515</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">450</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(53</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$ per common share (basic)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.83</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(54</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$ per common share (diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.82</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(54</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjusted net earnings (non-GAAP, see below)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>496</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">525</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$ per common share (adjusted and diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.25</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.49</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash provided by operations (after working capital changes)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>507</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">690</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">530</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(27</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Net earnings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our net earnings were $584&nbsp;million lower than last year primarily as a result of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>selling our interest in Centerra and recording an after tax gain of $374&nbsp;million in 2009</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recording an after tax profit of $19&nbsp;million relating to unrealized mark-to-market gains on
financial instruments, compared to a gain of $189&nbsp;million in 2009</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>lower earnings in our electricity business due to a decline in realized prices</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>higher exploration expenses, which rose by $47&nbsp;million mainly due to evaluation activities
at Kintyre and Inkai block 3</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Three-year trend</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our net earnings normally trend with revenue, but in recent years have been significantly
influenced by unusual items.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2008, we stopped applying hedge accounting to our portfolio of foreign exchange contracts and,
due to the decline in the Canadian dollar relative to the US dollar, recorded $148&nbsp;million in
unrealized mark-to-market losses. We also recorded $30&nbsp;million in charges to reduce the carrying
value of certain investments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, we sold our interest in Centerra and recorded a net gain of $374&nbsp;million. We also recorded
$244&nbsp;million in unrealized mark-to-market pretax gains on our foreign exchange contracts.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Adjusted net earnings (non-GAAP measure)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use adjusted net earnings, a non-GAAP measure, as a more meaningful way to compare our
financial performance from period to period. Adjusted net earnings is our GAAP-based net earnings,
adjusted for earnings from discontinued operations and unrealized mark-to-market gains and losses
on our financial instruments, which we believe do not reflect underlying performance.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 29
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Adjusted net earnings is non-standard supplemental information, and not a substitute for financial
information prepared in accordance with GAAP. Other companies may calculate this measure
differently. The table below reconciles adjusted net earnings with our net earnings.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings </B>(GAAP measure)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>515</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">450</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Adjustments </B>(after tax)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Earnings from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(382</TD>
    <TD nowrap>)<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(84</TD>
    <TD nowrap>)<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Unrealized gains on financial instruments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(19</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(189</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">166</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stock option expense (recovery)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(33</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investment writedowns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Adjusted net earnings </B>(non-GAAP measure)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>496</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">525</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We have changed our method for determining adjusted earnings to
exclude all amounts related to our investment in Centerra. Previously, we had
included our share of operating income from Centerra in our adjusted earnings
measure.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows what contributed to the change in adjusted net earnings for 2010.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="3" valign="top" align="left"><B>Adjusted net earnings &#151; 2009</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>528</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Change in gross profit by segment</B><br>
(we calculate gross profit by deducting from revenue the cost of products and
services sold, and depreciation, depletion and reclamation (DDR))</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">Uranium</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Lower sales volume</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(62</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Higher realized prices ($US)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>188</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Foreign exchange impact on realized prices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(168</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Lower costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>57</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">change &#151; uranium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>15</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top" NOWRAP>Fuel services</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Higher sales volume</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>7</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Lower realized prices ($Cdn)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(17</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Lower costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>20</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">change &#151; fuel services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>10</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">Electricity</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Higher sales volume</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>13</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Lower realized prices ($Cdn)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(70</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">Lower costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>16</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:-0px">change &#151; electricity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(41</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Other changes</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="3" valign="top" align="left">Exploration expense</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(47</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Administration expense</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(20</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="3" valign="top" align="left">Realized gains on derivatives &#038; foreign exchange</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>33</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Reduced losses from associated companies</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>26</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="3" valign="top" align="left">Interest expense</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>13</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Income taxes</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(35</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="3" valign="top" align="left">Miscellaneous</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>14</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Adjusted net earnings - 2010</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>496</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">30&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Three-year trend</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our adjusted net earnings have been relatively stable over the past three years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The 1% increase from 2008 to 2009 resulted from:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>higher profits from our electricity business, relating to a higher realized selling price</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>partially offset by lower profits in our uranium business, which were impacted by higher
unit costs</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The 6% decrease from 2009 to 2010 resulted from:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>lower profits from our electricity business, relating to a lower realized selling price</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>higher exploration expenses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>higher income taxes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>partially offset by improved profits in the uranium business, relating to the lower cost of
sales</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Revenue</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows what contributed to the change in revenue this year.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Revenue &#151; 2009</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,315</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Uranium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Lower sales volume</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(191</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Higher realized prices ($Cdn)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fuel services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Higher sales volume</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Lower realized prices ($Cdn)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(17</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Electricity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Higher sales volume</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Lower realized prices ($Cdn)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(70</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Revenue &#151; 2010</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,124</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See <I>Financial results by segment </I>for more detailed discussion.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Three-year trend</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, revenue rose by $0.1&nbsp;billion to a record $2.3&nbsp;billion, due to higher realized prices in
all business segments. The most significant increase was in the electricity business, where the
price rose to $64/MWh from $57/MWh in 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, revenue declined by 8% to $2.1&nbsp;billion due largely to reduced sales volumes in the uranium
business and a lower realized price in electricity. The decline in sales volumes was matched with
an increase in inventories.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Average realized prices</I>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>change from</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2009 to 2010</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px; background: #cceeff">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Uranium<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="LEFT">$US/lb</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>43.63</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">14</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="LEFT">$Cdn/lb</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45.81</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px; background: #cceeff">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fuel services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="LEFT">$Cdn/kgU</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16.86</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.84</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.85</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(5</TD>
    <TD nowrap>)%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px; background: #cceeff">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Electricity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="LEFT">$Cdn/MWh</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(9</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px; background: #cceeff">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top"><B>1</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Average realized foreign exchange rate ($US/$Cdn): 2010 &#151; $1.05, 2009 &#151; $1.18 and
2008 &#151; $1.11.</TD>
</TR>

</TABLE>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 31
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outlook for 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect consolidated revenue to be 10% to 15% higher in 2011 due to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>higher sales volumes in the uranium and fuel services businesses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increases in realized prices in the uranium and fuel services businesses</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>partially offset by lower realized prices for electricity</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our customers choose when in the year to receive deliveries of uranium and fuel services products,
so our quarterly delivery patterns, and therefore our sales volumes and revenue, can vary
significantly. We expect the trend in delivery patterns in 2011 to be somewhat different than in
2010, with deliveries heavily weighted to the second half of the year. We expect the fourth quarter
to account for about one-third of our 2011 sales volumes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Corporate expenses</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Administration</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>change</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Direct administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>141</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">16</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stock-based compensation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">7</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>156</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">15</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Direct administration costs in 2010 were $19&nbsp;million (16%) higher than in 2009 as we continued
to pursue and evaluate growth opportunities. The increase is largely related to increased hiring
and analysis of business opportunities to achieve our growth plans. These costs were lower than we
forecast as we narrowed the scope of some business development activities during the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We recorded $15&nbsp;million in stock-based compensation expenses this year under our stock option,
deferred share unit, performance share unit and phantom stock option plans, compared to $14&nbsp;million
in 2009. See note 22 to the financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Outlook for 2011</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect administration costs (not including stock-based compensation) to be about 15% to 20%
higher than in 2010 due to planned higher spending in support of our growth strategy.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, uranium exploration expenses were $96&nbsp;million compared to $49&nbsp;million in 2009. The
increase in 2010 largely reflects the increase in evaluation activities at the Kintyre and Inkai
block 3 projects in Australia and Kazakhstan. Our exploration efforts in 2010 focused on Canada,
the United States, Mongolia, Kazakhstan, Australia and South America.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Outlook for 2011</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect exploration expenses to be about 5% to 10% lower than they were in 2010 due to a
reduction in evaluation activities at the Kintyre project as we near the completion of the
prefeasibility stage. See Our operations &#151; Uranium exploration for more information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Interest and other charges</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Interest and other charges were $16&nbsp;million higher than last year mainly as a result of recording
$7&nbsp;million in foreign exchange losses compared to gains of $21&nbsp;million in 2009, partially offset by
a $7&nbsp;million increase in interest income attributable to higher cash balances. Gross interest
charges this year were $10&nbsp;million higher than last year attributable to our higher average debt
level. See note 15 to the financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">32&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Gains and losses on derivatives</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we recorded $75&nbsp;million in mark-to-market gains on our financial instruments compared to
gains of $244&nbsp;million in 2009. Unrealized gains on financial instruments were lower in 2010 than
2009 as the Canadian dollar continued to strengthen against the US dollar, but to a lesser degree.
We voluntarily removed the hedging designation on our foreign currency forward sales contracts
effective August&nbsp;1, 2008, and have since recognized unrealized mark-to-market gains and losses in
earnings. See note 26 to the financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Income taxes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We recorded an income tax expense of $27&nbsp;million in 2010 compared to $53&nbsp;million in 2009. This was
mainly due to a $235&nbsp;million decrease in pretax earnings in 2010, which was largely attributable to
the decline of $169&nbsp;million in gains on derivatives.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On an adjusted net earnings basis, our effective tax rate in 2010 was 4%, or 7% higher than 2009
as:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A higher proportion of taxable income was earned in jurisdictions with higher tax rates.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2009, certain future tax liabilities recognized in prior years were reduced.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2009, the statutory income tax rate in Canada was reduced, allowing us to reduce our
provision for future income taxes.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On an adjusted net earnings basis, our tax expense was $20&nbsp;million in 2010, compared to a recovery
of $15&nbsp;million in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since 2008, Canada Revenue Agency (CRA)&nbsp;has disputed the transfer pricing methodology we used for
certain uranium sale and purchase agreements and issued notices of reassessment for our 2003, 2004
and 2005 tax returns. We believe it is likely that CRA will reassess our tax returns for 2006
through 2010 on a similar basis. Our view is that CRA is incorrect, and we are contesting its
position. In July&nbsp;2009, we filed a Notice of Appeal relating to the 2003 reassessment with the Tax
Court of Canada. In November&nbsp;2010, we filed a Notice of Appeal relating to the 2004 reassessment
with the Tax Court of Canada. We intend to object to the 2005 reassessment and pursue our appeal
rights under the <I>Income Tax Act</I>. However, to reflect the uncertainties of CRA&#146;s appeals process and
litigation, we have provided $27&nbsp;million for uncertain tax positions for the years 2003 through
2010. We believe that the ultimate resolution of this matter will not be material to our financial
position, results of operations or liquidity over the period. However, an unfavourable outcome for
the years 2003 to 2010 could be material to our financial position, results of operations or cash
flows in the year(s) of resolution. See note 18 to the financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Outlook for 2011</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On an adjusted net earnings basis, we expect our effective income tax rate will reflect a recovery
of 0% to 5% as taxable income in Canada is expected to decline.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Foreign exchange</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The exchange rate between the Canadian dollar and US dollar affects the financial results of our
uranium and fuel services segments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales of uranium and fuel services are routinely denominated in US dollars while production costs
are largely denominated in Canadian dollars. We use planned hedging to try to protect net inflows
(total uranium and fuel services sales less US dollar cash expenses and product purchases) from the
uranium and fuel services segments against declines in the US dollar in the shorter term. Our
strategy is to hedge net inflows over a rolling 60-month period. Our target for the first 12&nbsp;months
is to hedge 35% to 100% of net inflows. The target range declines every year until it reaches 0% to
10% of our net inflows (from 48 and 60&nbsp;months).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also have a natural hedge against US currency fluctuations as a portion of our annual cash
outlays, including purchases of uranium and fuel services, is denominated in US dollars. The
earnings impact of this natural hedge is more difficult to identify because inventory includes
material added over more than one fiscal period.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 33
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At December&nbsp;31, 2010:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The value of the US dollar relative to the Canadian dollar was $1.00 (US)&nbsp;for $0.99 (Cdn),
down from $1.00 (US)&nbsp;for $1.05 (Cdn) at December&nbsp;31, 2009. The exchange rate averaged $1.00
(US)&nbsp;for $1.03 (Cdn) over the year.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our effective exchange rate for the year, after allowing for hedging, was about $1.00 (US)
for $1.05 (Cdn), compared to $1.00 (US)&nbsp;for $1.18 (Cdn) in 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We had foreign currency contracts of $1.3&nbsp;billion (US)&nbsp;and EUR 93&nbsp;million at December&nbsp;31,
2010. The US currency contracts had an average exchange rate of $1.00 (US)&nbsp;for $1.03 (Cdn).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The mark-to-market gain on all foreign exchange contracts was $47&nbsp;million compared to a $67
million gain at December&nbsp;31, 2009.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Timing differences between the maturity dates and designation dates on previously closed hedge
contracts can result in deferred gains or charges. At December&nbsp;31, 2010, we had net deferred gains
of $6&nbsp;million which will be recognized in earnings in 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We manage counterparty risk associated with hedging by dealing with highly rated counterparties and
limiting our exposure. At December&nbsp;31, 2010, all counterparties to foreign exchange hedging
contracts had a Standard &#038; Poor&#146;s (S&#038;P) credit rating of A or better.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Sensitivity analysis</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At December&nbsp;31, 2010, every one-cent change in the value of the Canadian dollar versus the US
dollar would change our 2010 net earnings by about $9&nbsp;million (Cdn). This sensitivity is based on
an exchange rate of $1.00 (US)&nbsp;for $0.99 (Cdn).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">34&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left">
<A name="O68563110"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outlook for 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Over the next several years, we expect to invest significantly in expanding production at
existing mines and advancing projects as we pursue our growth strategy. The projects are at various
stages of development, from exploration and evaluation to construction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect our existing cash balances and operating cash flows will meet our anticipated capital
requirements without the need for significant additional funding. Cash balances will decline
gradually as we use the funds in our business and pursue our growth plans.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our outlook for 2011 reflects the growth expenditures necessary to help us achieve our strategy. We
do not provide an outlook for the items in the table that are marked with a dash.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See <I>Financial results by segment </I>for details.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>2011 Financial outlook</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>1</B></SUP>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Consolidated</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Uranium</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Fuel services</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Electricity</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>21.9&nbsp;million lbs
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>15 to 16&nbsp;million kgU
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Sales volume
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31 to 33&nbsp;million lbs
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Increase 10% to 15%
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Capacity factor
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">89%&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Revenue
compared to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Increase
10% to 15%
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Increase
15% to 20%<SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Increase
5% to 10%
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Decrease
10% to 15%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Unit cost of
product sold
(including DDR)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Increase 0% to 5%<SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Increase
2% to 5%
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Increase
10% to 15%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Direct
administration
costs compared
to 2010<SUP style="FONT-size: 85%; vertical-align: text-top">4</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Increase
15% to 20%
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exploration costs
compared
to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Decrease 5% to 10%
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Tax rate
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Recovery of 0% to 5%
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Capital expenditures
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$575&nbsp;million<SUP style="FONT-size: 85%; vertical-align: text-top">5</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>$80&nbsp;million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Commencing January&nbsp;1, 2011, we will be reporting our financial results in
accordance with IFRS. The information in our 2011 financial outlook has been prepared in
accordance with IFRS and our policy choices thereunder to date. A discussion about our
transition to IFRS begins on page 91.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Based on a uranium spot price of $73.00 (US)&nbsp;per pound (the Ux spot price as of
February&nbsp;7, 2011), a long-term price indicator of $73.00 (US)&nbsp;per pound (the Ux long-term
indicator on January&nbsp;31, 2011) and an exchange rate of $1.00 (US)&nbsp;for $1.00 (Cdn).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>This increase is based on the unit cost of sale for produced material. If we decide to
make discretionary purchases in 2011 then we expect the overall unit cost of product sold to
increase further.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">4</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Direct administration costs do not include stock-based compensation expenses. See page
32 for more information.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">5</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Does not include our share of capital expenditures at BPLP.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sensitivity analysis</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For 2011:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a change of $5 (US)&nbsp;per pound in each of the Ux spot price ($73.00 (US)&nbsp;per pound on
February&nbsp;7, 2011) and the Ux long-term price indicator ($73.00 (US)&nbsp;per pound on January&nbsp;31,
2011) would change revenue by $34&nbsp;million and net earnings by $26&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a change of $5 in the electricity spot price would change our 2011 net earnings by $2
million, based on the assumption that the spot price will remain below the floor price
provided for under BPLP&#146;s agreement with the Ontario Power Authority (OPA).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 35
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left">
<A name="O68563111"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Liquidity and capital resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the end of 2010, we had cash and short-term investments of $1.3&nbsp;billion in a mix of
short-term deposits and treasury bills, while our total debt amounted to $1&nbsp;billion. We were in a
similar position at the end of 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have large, reliable customers that need uranium regardless of world economic conditions, and we
expect the uranium contract portfolio we&#146;ve built to provide a solid revenue stream for years to
come.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our financial objective is to make sure we have the cash and debt capacity to fund our operating
activities, investments, and growth. We have several alternatives to fund future capital needs,
including our significant cash position, credit facilities, future operating cash flow and debt or
equity financing, and are continually evaluating these options to make sure we have the best mix of
capital resources to meet our needs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our strong financial position gives us the flexibility to fund longer term requirements until the
balance accumulates to the point where it makes sense to refinance in the capital markets.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Financial condition</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Cash position </B>($&nbsp;millions)<br>
(cash, cash equivalents, short-term investments)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,260</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,304</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Cash provided by operations </B>($&nbsp;millions)<br>
(net cash flow generated by our operating activities after changes
in working capital)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>507</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">690</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Cash provided by operations/net debt</B><br>
(net debt is total consolidated debt, less cash and cash equivalents)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>n/a</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px"><B>Net debt/total capitalization</B><br>
(total capitalization is total long-term debt and equity)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>n/a</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Credit ratings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Third-party ratings for our commercial paper and senior debt as of December&nbsp;31, 2010:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Security</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>DBRS</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>S&#038;P</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Commercial paper</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" NOWRAP>R-1 (low)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" NOWRAP>A-1 (low)<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Senior unsecured debentures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right">A (low)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right">BBB&#043;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Canadian National Scale Rating. The Global Scale Rating is A-2.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">36&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Liquidity</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents at beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,304</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>507</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">690</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investment activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Additions to property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(470</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(393</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dispositions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">871</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Acquisitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Change in debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(231</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Issue of shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>18</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">442</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividends</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(106</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(93</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Exchange rate on changes on foreign currency cash balances</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and short-term investments at end of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,260</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,304</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Cash from operations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cash from operations was 27% lower than in 2009 mainly due to higher working capital
requirements relating to increased inventory levels and a reduction in accounts payable. Not
including working capital requirements, our operating cash flows in the year were up $2&nbsp;million.
See note 19 to the financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Investing activities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cash used in investing includes acquisitions and capital spending.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Acquisitions and divestitures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we concluded no significant acquisitions or divestitures. In 2009, we sold our interest in
Centerra for net proceeds of $871&nbsp;million. We concluded no significant acquisitions in 2009.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Talvivaara Agreement</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On February&nbsp;7, 2011, we signed two agreements with Talvivaara Mining Company Plc (Talvivaara) to
buy uranium produced at the Sotkamo nickel-zinc mine in eastern Finland. Under the first agreement
with Talvivaara, we will provide an up-front payment, to a maximum of $60&nbsp;million (US), to cover
certain construction costs. This amount will be repaid through the initial deliveries of uranium
concentrates. Once the full amount has repaid, we will continue to purchase the uranium
concentrates produced at the Sotkamo mine through a second agreement, which provides for the
purchase of uranium using a pricing formula that references market prices at the time of delivery.
The second agreement expires on December&nbsp;31, 2027.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;37
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Capital spending</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We classify capital spending as growth or sustaining. Growth capital is money we invest to generate
incremental production, and for business development. Sustaining capital is the money we spend to
keep our operations at current production levels.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(Cameco&#146;s share in $ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010 plan</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010 actual</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2011 plan</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Growth capital</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">111</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>90</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">176</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">US ISR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Total growth capital</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>95</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">218</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Sustaining capital</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">McArthur River/Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">220</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>165</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">169</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">US ISR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>49</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Fuel services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Total sustaining capital</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">385</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>292</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">357</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capitalized interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total uranium &#038; fuel services</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>552</B></TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>435</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>575</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Electricity </B>(our 31.6% share of BPLP)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>41</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>80</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 4pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We updated our 2010 capital cost estimate in the Q2 MD&#038;A to $510&nbsp;million and in the Q3
MD&#038;A to $475&nbsp;million.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Capital expenditures were 21% below our 2010 plan mainly as a result of reduced activity at our
Saskatchewan uranium operations. We do not expect this reduction in capital expenditures in 2010
will impact our plans to double annual uranium production by 2018. The variance at Cigar Lake was
due mainly to the cleanup and remediation of the underground workings taking longer than originally
expected and the revision to project schedules as a result of the decision to proceed with surface
freezing. The variance at McArthur River was due mainly to a change in the mine development plans
and postponement of some capital projects that were not critical to production. The variance at Key
Lake was mainly a result of delays in the construction of the acid and oxygen plants and deferring
some of the other Key Lake revitalization projects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outlook for investing activities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect total capital expenditures for uranium and fuel services to be 32% higher in 2011, as a
result of higher spending for:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>growth capital at Cigar Lake</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sustaining capital at Rabbit Lake</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Major sustaining expenditures in 2011 include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>McArthur River/Key Lake &#151; </I>At McArthur River, the largest component is mine development at
about $50&nbsp;million. Other projects include site facility expansion and equipment purchases. At
Key Lake, construction of the new acid, steam and oxygen plants continues at an estimated cost
of $30&nbsp;million. Additional work to revitalize the mill will also be undertaken, as well as
work on the tailings facilities.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">38&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>US in situ recovery (ISR) &#151; </I>Wellfield construction and well installation is the largest
project at approximately $25&nbsp;million. We also plan to work on the development of the Gas Hills
and North Butte projects.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Rabbit Lake &#151; </I>At Eagle Point, the largest project includes mine development at about $20
million. Other projects include dewatering systems, continued work on mine ventilation
expansion and replacement of components of the acid plant estimated at $24&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the next several years, we expect our capital expenditures will be similar to 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Financing activities</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cash from financing includes borrowing and repaying debt, and other financial transactions
including paying dividends and providing financial assurance. In the fourth quarter, we renewed a
$100&nbsp;million revolving credit facility until February&nbsp;2012.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a result of our significant cash balance, there was little in the way of financing activities in
2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2009 was a very active year for us. We carried out six separate transactions to build on our
already strong financial position, and to support our corporate strategy:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We issued approximately 26.7&nbsp;million common shares, netting $440&nbsp;million, and put in place
or renewed $600&nbsp;million in revolving lines of credit.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We issued 10-year debentures bearing interest at a rate of 5.67%, netting $495&nbsp;million. At
the same time, we cancelled a $500&nbsp;million revolving credit facility that was to mature in
June&nbsp;2010.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We renewed a $100&nbsp;million revolving credit facility until February&nbsp;2011, and sold our
interest in Centerra, netting $871&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Long-term contractual obligations</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>December 31, 2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2012</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2014</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2016 and</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2011</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>and 2013</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>and 2015</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>beyond</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">337</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">572</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">953</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest on long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">113</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">367</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">465</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for waste disposal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">374</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">374</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">457</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,498</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,197</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We now have unsecured lines of credit of about $1.2&nbsp;billion, which include the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A $500&nbsp;million, unsecured revolving credit facility that matures November&nbsp;30, 2012. In
addition to borrowing directly from this facility, we can use up to $100&nbsp;million of it to
issue letters of credit, and we keep up to $400&nbsp;million available to provide liquidity for our
commercial paper program, as necessary. The facility ranks equally with all of our other
senior debt. At December&nbsp;31, 2010, there was nothing outstanding under this credit facility,
and nothing outstanding under our commercial paper program.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A $100&nbsp;million, unsecured revolving credit facility that matures on February&nbsp;4, 2012. At
December&nbsp;31, 2010, there was nothing outstanding under this credit facility.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Approximately $600&nbsp;million in short-term borrowing and letters of credit provided by
various financial institutions. We use these facilities mainly to provide financial assurance
for future decommissioning and reclamation of our operating sites, and as overdraft
protection. At December&nbsp;31, 2010, we had approximately $550&nbsp;million outstanding in letters of
credit.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have $800&nbsp;million in senior unsecured debentures:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$300&nbsp;million bearing interest at 4.7% per year, maturing on September&nbsp;16, 2015</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$500&nbsp;million bearing interest at 5.67% per year, maturing on September&nbsp;2, 2019</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;39
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have issued a $73&nbsp;million (US)&nbsp;promissory note to GLE to support future development of its
business. We do not expect any amounts to be drawn on this note until 2012.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Debt covenants</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our revolving credit facilities include the following financial covenants:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our funded debt to tangible net worth ratio must be 1:1 or less</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our tangible net worth must be more than $1.25&nbsp;billion</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other customary covenants and events of default</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Funded debt is total consolidated debt less the following: non-recourse debt, $100&nbsp;million in
letters of credit, cash and short-term investments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not complying with any of these covenants could result in accelerated payment and termination of
our revolving credit facilities. At December&nbsp;31, 2010, we complied with all covenants, and we
expect to continue to comply in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Off-balance sheet arrangements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We had two kinds of off-balance sheet arrangements at the end of 2010:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>purchase commitments</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>financial assurances</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Purchase commitments</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>December 31, 2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2012</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2014</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2016 and</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2011</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>and 2013</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>and 2015</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>beyond</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchase commitments<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">266</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">620</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">173</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,065</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 4pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Denominated in US dollars, converted to Canadian dollars as of December&nbsp;31, 2010 at
the rate of $0.99.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Most of these are commitments to buy uranium and fuel services products under long-term,
fixed-price arrangements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the end of 2010, we had committed to $1.1&nbsp;billion (Cdn) for the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>About 27&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> equivalent from 2011 to 2014. Of these,
about 23&nbsp;million pounds are from our agreement with Techsnabexport Joint Stock Company (Tenex)
to buy uranium from dismantled Russian weapons (the Russian HEU commercial agreement) through
2013.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Over 36&nbsp;million kgU as UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> in conversion services from 2011 to 2016 primarily
under our agreements with Springfields Fuels Ltd. (SFL)&nbsp;and Tenex.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Almost 1.1&nbsp;million Separative Work Units (SWU)&nbsp;of enrichment services to meet existing
forward sales commitments under agreements with a non-western supplier.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Non-delivery by Tenex or SFL under their agreements could have a material adverse effect on our
financial condition, liquidity and results of operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Tenex, SFL and the SWU supplier do not have the right to terminate their agreements other than
pursuant to customary event of default provisions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">40&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Financial assurances</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Standby letters of credit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>550</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">592</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BPLP guarantees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>82</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>632</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">679</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Standby letters of credit mainly provide financial assurance for the decommissioning and
reclamation of our mining and conversion facilities. We are required to provide letters of credit
to various regulatory agencies until decommissioning and reclamation activities are complete.
Letters of credit are issued by financial institutions for a one-year term.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our total commitment for financial guarantees on behalf of BPLP was an estimated $94&nbsp;million at the
end of the year. See note 25 to the financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Balance sheet</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change from</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions except per share amounts)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009 to 2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventory</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>543</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">453</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">398</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">20</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,671</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,394</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term financial liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,465</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,471</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividends per common share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.28</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">17</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Total product inventories increased by 20% to $543&nbsp;million this year due to higher levels of
inventory for uranium, where the quantities produced and purchased exceeded sales for the year. The
average cost of uranium was lower as a result of fewer purchases at near-market prices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the end of 2010, our total assets amounted to $7.7&nbsp;billion, an increase of $0.3&nbsp;billion compared
to 2009 due primarily to a higher rate of investment in property, plant and equipment. In 2009, the
total asset balance increased by $0.4&nbsp;billion, largely attributable to a higher cash balance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The major components of long-term financial liabilities are long-term debt, future income taxes and
the provision for reclamation. In 2010, our balance was similar to that of the prior year. In 2009,
our balance declined by $0.3&nbsp;billion primarily due to the repayment of debt during the year.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;41
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563112"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 financial results by segment</B>
</DIV>

<DIV align="left">
<A name="O68563113"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Uranium</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Production volume (million lbs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales volume (million lbs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average spot price ($US/lb)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>46.83</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average realized price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">($US/lb)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>43.63</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">14</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">($Cdn/lb)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45.81</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average unit cost of sales ($Cdn/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>) (including DDR)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>28.40</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,551</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>503</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">488</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit (%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">19</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production volumes in 2010 were 10% higher than 2009 due to higher production at McArthur
River/Key Lake and the continued rampup of production at Inkai.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Uranium revenues this year were down 11% compared to 2009, due to a 13% decline in sales volumes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales volumes in 2010 were 13% lower than 2009 due to some customers deferring deliveries under
contracts until 2011. In addition, given the discretionary nature of spot market demand and the low
level of spot market prices during the first three quarters of 2010, we intentionally reduced our
spot market sales for the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our realized prices this year in US dollars were 14% higher than 2009 mainly due to higher prices
under fixed-price sales contracts. Our Canadian dollar selling price, however, was only slightly
higher than 2009 as it was impacted by a less favourable exchange rate. Our exchange rate averaged
$1.05 compared to $1.18 in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Total cash cost of sales (excluding DDR) decreased by 23% this year, to $699&nbsp;million ($23.32 per
pound U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>). This was mainly the result of the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the 13% decline in sales volumes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>average unit costs for produced uranium were 6% lower</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>average unit costs for purchased uranium were 17% lower due to fewer purchases at spot
prices</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a lower proportion of sales of purchased uranium, which carries a higher cash cost</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The net effect was a $15&nbsp;million increase in gross profit for the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table shows our cash cost of sales per unit (excluding DDR) for produced and
purchased material, including royalty charges on produced material, and the quantity of produced
and purchased uranium sold.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10"><B>Unit cash cost of sale</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10"><B>Quantity sold</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">($Cdn/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">(million lbs)</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Produced</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22.45</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23.86</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.41</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.9</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchased</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25.11</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5.11</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3.4</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>23.32</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26.33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3.01</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4.3</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">42&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Outlook for 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to produce 21.9&nbsp;million pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> in 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based on the contracts we have in place, we expect to sell between 31&nbsp;million and 33&nbsp;million pounds
of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> in 2011. We expect the unit cost of sales to be 0% to 5% higher than
in 2010. This increase is based on the unit cost of sale for produced material. If we decide to
make discretionary purchases in 2011 then we expect the overall unit cost of product sold to
increase further.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based on current spot prices, revenue should be about 15% to 20% higher than it was in 2010 as a
result of increases in expected realized prices and sales volumes in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Price sensitivity analysis: uranium</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below is <I>not </I>a forecast of prices we expect to receive. The prices we actually realize
will be different from the prices shown in the table.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is designed to indicate how the portfolio of long-term contracts we had in place on December&nbsp;31,
2010 would respond to different spot prices. In other words, we would realize these prices only if
the contract portfolio remained the same as it was on December&nbsp;31, 2010, and none of the
assumptions we list below change.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Expected realized uranium price sensitivity under various spot price assumptions</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">(rounded to the nearest $1.00)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" colspan="29" style="border-bottom: 1px solid #000000">($US/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>

</TR>
<TR valign="bottom">
    <TD nowrap align="left"><B>Spot prices</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>$20</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>$40</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>$60</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>$80</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>$100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>$120</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>$140</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="29" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="29" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2012</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="29" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="29" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2014</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="29" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2015</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="29" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table illustrates the mix of long-term contracts in our December&nbsp;31, 2010 portfolio, and is
consistent with our contracting strategy. It has been updated to reflect deliveries made and
contracts entered into up to December&nbsp;31, 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our portfolio includes a mix of fixed-price and market-price contracts, which we target at a 40:60
ratio. We signed many of our current contracts in 2003 to 2005, when market prices were low ($11 to
$31 (US)). Those that are fixed at lower prices or have low ceiling prices will yield prices that
are lower than current market prices. These older contracts are beginning to expire, and we are
starting to deliver into more favourably priced contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our portfolio is affected by more than just the spot price. We made the following assumptions
(which are not forecasts) to create the table:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Sales</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sales volumes on average of 32&nbsp;million pounds per year</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Deliveries</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>customers take the maximum quantity allowed under each contract (unless they have already
provided a delivery notice indicating they will take less)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we defer a portion of deliveries under existing contracts for 2011 and 2012</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Prices</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the average long-term price indicator is the same as the average spot price for the entire
year (a simplified approach for this purpose only). Since 1996, the long-term price indicator
has averaged 13% higher than the spot price. This differential has varied significantly.
Assuming the long-term price is at a premium to spot, the prices in the table will be higher.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we deliver all volumes that we don&#146;t have contracts for at the spot price for each scenario</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Inflation</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>is 2.0% per year</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;43
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">







<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Tiered royalties</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As sales of material we produce at our Saskatchewan properties increase, so do the tiered royalties
we pay. The table below indicates what we would pay in tiered royalties at various realized prices.
We record tiered royalties as a cost of sales.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This table assumes that we sell 100,000 pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> and that there is no
capital allowance available to reduce royalties, and is based on 2010 rates. The index value to
calculate rates for 2011 is not available until April&nbsp;2011.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Realized</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tier 1 royalty</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tier 2 royalty</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tier 3 royalty</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">6% x</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">4% x</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">5% x</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($Cdn)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">(sales price - $17.51)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">(sales price - $26.27)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">(sales price - $35.03)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Total royalties</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">25</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,940</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,940</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">35</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104,940</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,920</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139,860</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">45</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,940</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74,920</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49,850</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">289,710</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">55</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">224,940</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">114,920</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99,850</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">439,710</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">65</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">284,940</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">154,920</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149,850</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">589,710</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">75</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">344,940</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">194,920</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">199,850</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">739,710</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">85</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">404,940</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">234,920</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">249,850</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">889,710</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">44&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563114"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(includes results for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>, UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> and fuel fabrication)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Production volume (million kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">25</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales volume (million kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">14</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Realized price ($Cdn/kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16.86</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.84</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average unit cost of sales ($Cdn/kgU) (including DDR)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.39</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.47</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>301</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">276</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>60</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">20</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit (%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">11</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Port Hope UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> conversion plant operated for a full year in 2010, increasing
production volumes by 25% over 2009. In 2009, the facility was shut down for the first five months
of the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Total revenue increased by 9% due to a 14% increase in sales volumes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Canadian dollar realized price for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> was affected by a less favourable exchange
rate. Our exchange rate averaged $1.05 in 2010 compared to $1.18 in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The total cost of products and services sold (including DDR) increased by 6% ($241&nbsp;million compared
to $226&nbsp;million in 2009) due to the increase in sales volumes. The average unit cost of sales was
7% lower due to lower costs for purchased material and the return to operational status of the
UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The net effect was a $10&nbsp;million increase in gross profit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outlook for 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect production in 2011 to be similar to 2010, in the range of 15&nbsp;million to 16&nbsp;million kgU.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the average realized price for our fuel services products to decline by 2% to 5%, sales
volumes to increase by 10% to 15% and revenue to be 5% to 10% higher.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;45
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563115"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>BPLP</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(100% &#151; not prorated to reflect our 31.6% interest)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions except where indicated)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Output &#151; terawatt hours (TWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Capacity factor<BR>

(the amount of electricity the plants actually produced for sale
as a percentage of the amount they were capable of producing)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>91</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">87</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Realized price ($/MWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">64</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average Ontario electricity spot price ($/MWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">20</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,509</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,640</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating costs<SUP style="FONT-size: 85%; vertical-align: text-top"> </SUP>(net of cost recoveries)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>930</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">905</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="11" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>785</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">770</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-cash costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>145</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before interest and finance charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>579</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">735</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(21</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest and finance charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">800</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>643</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">754</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(15</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>111</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">123</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Distributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>525</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">610</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating costs ($/MWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">35</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 4pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Based on actual generation of 24.6 TWh plus deemed generation
of 1.2 TWh. Deemed generation in 2010 was insignificant.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our earnings from BPLP</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions except where indicated)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BPLP&#146;s earnings before taxes (100%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>543</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">731</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cameco&#146;s share of pretax earnings before adjustments (31.6%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>172</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">231</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proprietary adjustments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings before taxes from BPLP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>166</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">224</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s results in 2010 are largely the result of lower revenues, which were 8% lower than 2009
due to a 9% decrease in realized electricity prices. BPLP&#146;s average realized price reflects spot
sales, revenue recognized under BPLP&#146;s agreement with the Ontario Power Authority (OPA)&nbsp;and revenue
from financial contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP has an agreement with the OPA under which output from each B reactor is supported by a floor
price (currently $48.96/MWh) that is adjusted annually for inflation. The floor price mechanism and
any associated payments to BPLP for the output from each individual B reactor will expire on a date
specified in the agreement. The expiry dates are December&nbsp;31, 2015 for unit B6, December&nbsp;31, 2016
for unit B5, December&nbsp;31, 2017 for unit B7 and December&nbsp;31, 2019 for unit B8. Revenue is recognized
monthly, based on the positive difference between the floor price and the spot price. BPLP does not
have to repay the revenue from the agreement with the OPA to the extent that the floor price for
the particular year exceeds the average spot price for that year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The agreement also provides for payment if the Independent Electricity System Operator reduces
BPLP&#146;s generation because Ontario baseload generation is higher than required. The amount of the
reduction is considered &#145;deemed
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">46&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">generation&#146;, and BPLP is paid either the spot price or the floor price &#151; whichever is higher.
Deemed generation was insignificant in 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During 2010, BPLP recognized revenue of $339&nbsp;million under the agreement with the OPA, compared to
$514&nbsp;million in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP also has financial contracts in place that reflect market conditions at the time they were
signed. Contracts signed in 2006 to 2008, when the spot price was higher than the floor price,
reflected the strong forward market at the time. BPLP receives or pays the difference between the
contract price and the spot price. Since the electricity market in Ontario has weakened, BPLP has
been putting fewer contracts in place.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP sold the equivalent of about 42% of its output under financial contracts in 2010, compared to
57% in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s operating costs were $930&nbsp;million this year compared to $905&nbsp;million in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The net effect was a decrease in our share of earnings before taxes of 26%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP distributed $525&nbsp;million to the partners in 2010. Our share was $166&nbsp;million. The partners
have agreed that BPLP will distribute excess cash monthly, and will make separate cash calls for
major capital projects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s capacity factor was 91% in 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outlook for 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the average capacity factor for the four Bruce B reactors to be 89% in 2011, and actual
output to be about 2% lower than it was in 2010. The 2011 realized price for electricity is
projected to be about 5% to 10% lower than 2010 as BPLP has fewer financial contracts in place for
2011. At December&nbsp;31, 2010, BPLP had about 7.5 TWh under financial contracts, which is equivalent
to about 30% of Bruce B generation at its planned capacity factor. We expect that revenue will
decline by 10% to 15% as a result.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the average unit cost (net of cost recoveries) to be 10% to 15% higher in 2011, and total
operating costs to rise by about 5% to 10%, mainly due to higher costs for planned outages and
maintaining the workforce.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;47
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563116"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fourth quarter results</B>
</DIV>

<DIV align="left">
<A name="O68563117"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Fourth quarter consolidated results</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000">($ millions except per share amounts)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>673</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">659</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>245</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">206</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">19</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>207</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">598</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(65</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (basic)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.52</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(66</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.52</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(66</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjusted net earnings (non-GAAP, see page 29)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>191</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">12</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (adjusted and diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.48</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.43</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">12</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash provided by operations (after working capital changes)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>120</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">188</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the fourth quarter of 2010, our net earnings were $207&nbsp;million ($0.52 per share diluted), a
decrease of $391&nbsp;million compared to $598&nbsp;million ($1.52 per share diluted) in 2009. We had a $374
million net gain in the fourth quarter of 2009 related to the sale of our interest in Centerra.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The 12% increase in adjusted net earnings in the quarter was from higher profits in our uranium
segment relating to a higher average realized selling price and a lower unit cost of sales,
partially offset by lower profits in the electricity business due to a lower realized price.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use adjusted net earnings, a non-GAAP measure, as a more meaningful way to compare our financial
performance from period to period. See page 29 for more information. The table below reconciles
adjusted net earnings with our net earnings.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>

</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2009</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings </B>(GAAP measure)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>207</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">598</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Adjustments </B>(after tax)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Earnings from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(424</TD>
    <TD nowrap>)<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Unrealized gains on financial instruments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(16</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Adjusted net earnings </B>(non-GAAP measure)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>191</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 4pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We have changed our calculation of adjusted earnings to exclude
amounts related to our investment in Centerra. In previous years, this
calculation included our share of earnings from Centerra.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We recorded an income tax expense of $7&nbsp;million this quarter, based on adjusted net earnings,
compared to a $3&nbsp;million expense in 2009.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">48&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Direct administration costs were $47&nbsp;million in the quarter, $8&nbsp;million higher than the same period
last year. Stock-based compensation expenses were $8&nbsp;million in the quarter, compared to $3&nbsp;million
in the fourth quarter of 2009 due to a 41% increase in our share price during the fourth quarter of
2010. See note 22 to the financial statements.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Direct administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>47</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stock-based compensation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>55</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left">
<A name="O68563118"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Quarterly trends</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">($ millions except per share amounts)</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000"><B>2010</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000"><B>2009</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><DIV style="font-size: 10pt">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q1</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>673</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>419</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>546</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>486</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">659</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">645</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">493</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>207</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>98</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>68</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>142</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">598</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD NOWRAP><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (basic)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.52</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.25</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.17</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.52</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.25</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.17</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.36</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.22</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjusted net earnings (non-GAAP, see page 29)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>191</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>80</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>114</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>111</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per share diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.48</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.20</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.29</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.28</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.43</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.41</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD NOWRAP><DIV style="margin-left:15px; text-indent:-15px">Earnings from continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>207</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>98</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>68</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>142</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">174</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">195</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">269</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (basic)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.52</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.25</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.17</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.49</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.68</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">$&nbsp;&nbsp;per common share (diluted)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.52</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.25</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.17</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.36</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.49</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.68</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash provided by operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>120</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(18</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>272</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>133</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">188</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">175</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">147</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">180</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Key things to note:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our financial results are strongly influenced by the performance of our uranium segment,
which accounted for 68% of consolidated revenues in the fourth quarter of 2010.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The timing of customer requirements, which tend to vary from quarter to quarter, drives
revenue in the uranium and fuel services segments.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net earnings do not trend directly with revenue due to unusual items and transactions that
occur from time to time. We use adjusted net earnings, a non-GAAP measure, as a more
meaningful way to compare our results from period to period (see page 29 for more
information).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cash from operations tends to fluctuate as a result of the timing of deliveries and product
purchases in our uranium and fuel services segments.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Quarterly results are not necessarily a good indication of annual results due to the
variability in customer requirements noted above.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;49
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563119"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fourth quarter results by segment</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Uranium</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Production volume (million lbs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales volume (million lbs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average spot price ($US/lb)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58.29</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45.96</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">27</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average realized price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">($US/lb)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48.50</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40.64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">19</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">($Cdn/lb)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>50.10</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43.51</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">15</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average unit cost of sales ($Cdn/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>) (including DDR)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29.89</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>461</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>181</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit (%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">30</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production volumes were 4% lower due to lower output at Rabbit Lake.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Uranium revenues were up 4% due to a 15% increase in the realized selling price, partially offset
by a 9% decline in sales volumes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Realized prices were higher due to higher prices under market-related and fixed-price sales
contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Total cash cost of sales (excluding DDR) decreased by 12% to $233&nbsp;million ($25.30 per pound
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>). This was mainly the result of the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the 9% decline in sales volumes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>average unit costs for produced uranium were 26% higher</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>average unit costs for purchased uranium were 14% lower due to fewer purchases at spot
prices</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The net effect was a $49&nbsp;million increase in gross profit for the quarter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table shows our cash cost of sales per unit (excluding DDR) for produced and
purchased material, including royalty charges on produced material, and the quantity of produced
and purchased uranium sold.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10"><B>Unit cash cost of sale</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10"><B>Quantity sold</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">($Cdn/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">(million lbs)</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Produced</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22.30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.57</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchased</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29.93</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34.72</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4.79</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.3</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25.30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26.19</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.89</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.9</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="25" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">50&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Fuel services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(includes results for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>, UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> and fuel fabrication)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Production volume (million kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales volume (million kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Realized price ($Cdn/kgU)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14.59</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.89</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average unit cost of sales ($Cdn/kgU) (including DDR)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.87</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.43</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>93</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit ($&nbsp;millions)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(15</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit (%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Total revenue increased by 2% due to a 5% increase in sales volumes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Canadian dollar realized price for UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> was similar to the prior year but was
affected by a less favourable exchange rate. Our exchange rate averaged $1.03 in the fourth quarter
compared to $1.07 in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The total cost of products and services sold (including DDR) increased by 5% ($82&nbsp;million compared
to $78&nbsp;million in the fourth quarter of 2009) due to the increase in sales volumes. The average
unit cost of sales was 4% higher due to increased sales of fuel fabrication, which carries a higher
unit cost than other fuel services products.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The net effect was a $2&nbsp;million decrease in gross profit.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp;51
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>BPLP</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(100% &#151; not prorated to reflect our 31.6% interest)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions except where indicated)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Output &#151; terawatt hours (TWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Capacity factor <BR>
(the amount of electricity the plants actually produced for sale
as a percentage of the amount they were capable of producing)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>91</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">89</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Realized price ($/MWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>60</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">62</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average Ontario electricity spot price ($/MWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>393</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">422</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating costs<SUP style="FONT-size: 85%; vertical-align: text-top"> </SUP>(net of cost recoveries)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>221</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">218</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>184</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">183</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-cash costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before interest and finance charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>172</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">204</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(16</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest and finance charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">600</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>146</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">229</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Distributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>120</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">220</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(45</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating costs ($/MWh)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">32</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Based on actual generation of 6.4 TWh plus deemed generation of 0.4 TWh in the
fourth quarter.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our earnings from BPLP</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Highlights</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions except where indicated)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>change</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BPLP&#146;s earnings before taxes (100%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>165</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(19</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cameco&#146;s share of pretax earnings before adjustments (31.6%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>52</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(19</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proprietary adjustments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(50</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings before taxes from BPLP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>51</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Total electricity revenue decreased 7% as higher actual output was offset by a lower realized
price. Realized prices reflect spot sales, revenue recognized under BPLP&#146;s agreement with the OPA,
and financial contract revenue. BPLP recognized revenue of $114&nbsp;million this quarter under its
agreement with the OPA, compared to $137&nbsp;million in the fourth quarter of 2009. The equivalent of
about 45% of BPLP&#146;s output was sold under financial contracts this quarter, compared to 54% in the
fourth quarter of 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The capacity factor was 91% this quarter, up from 89% in the fourth quarter of 2009. Operating
costs were $221&nbsp;million compared to $218&nbsp;million in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The result was an 18% decrease in our share of earnings before taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP distributed $120&nbsp;million to the partners in the fourth quarter. Our share was $38&nbsp;million. The
partners have agreed that BPLP will distribute excess cash monthly, and will make separate cash
calls for major capital projects.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">52<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563106"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our operations and development projects</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This section of our MD&#038;A is an overview of each of our operations, what we
accomplished this year, our plans for the future and how we manage risk.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563120"><B>Uranium</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563121"><B>Operating properties</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563122">McArthur River and Key Lake</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563123">Rabbit Lake</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563124">Smith Ranch-Highland</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563125">Crow Butte</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563126">Inkai</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563127"><B>Development project</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563128">Cigar Lake</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563129"><B>Projects under evaluation</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563126">Inkai blocks 1 and 2 production increase (see Inkai, above)</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563126">Inkai block 3 (see Inkai, above)</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563122">McArthur River extension (see McArthur River, above)</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563130">Kintyre</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563131">Millennium</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563132"><B>Exploration</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563133"><B>Fuel services</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Refining</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563134">Blind River refinery</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563135"><B>Conversion and fuel manufacturing</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563136">Port Hope conversion services</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563137">Fuel Manufacturing</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563138">Springfields Fuels</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563139"><B>Electricity</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#O68563140">Bruce Power Limited Partnership</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis&nbsp;&nbsp;</FONT>53</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing the risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The nature of our operations means we face many potential risks and hazards that could have a
significant impact on our business. We have comprehensive systems and procedures in place to manage
them, but there is no assurance we will be successful in preventing the harm any of these risks and
hazards could cause.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Below we list the regulatory, environmental and operational risks that generally apply to all of
our operations, development projects, and projects under evaluation. We also talk about how we
manage specific risks in each operation or project update. These risks could have a material impact
on our business in the near term.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We recommend you also review our annual information form, which includes a discussion of other
material risks that could have an impact on our business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Regulatory risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A significant part of our economic value depends on our ability to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain and renew the licences and other approvals we need to operate, to increase
production at our mines and to develop new mines. If we do not receive the regulatory
approvals we need, or do not receive them at the right time, then we may have to delay, modify
or cancel a project, which could increase our costs and delay or prevent us from generating
revenue from the project. Regulatory review, including the review of environmental matters, is
a long and complex process.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>comply with the conditions in these licences and approvals. In a number of instances, our
right to continue operating facilities, increase production at our mines and develop new mines
depends on our compliance with these conditions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>comply with the extensive laws and regulations that govern our activities, including our
growth plans. Environmental legislation imposes very strict standards and controls on almost
every aspect of our operations and the mines we plan to develop, and are becoming more
stringent in Canada and the US. Examples of these controls include that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#149;</B>&nbsp;&nbsp; we must complete an environmental assessment before we can begin developing a new mine or
make any significant change to a plan that has already been approved</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#149;</B>&nbsp;&nbsp; we increasingly need regulatory approval to make changes to our operational processes,
which can take a significant amount of time because it may require an environmental assessment or
an extensive review of supporting information. The complexity of this process can be further
compounded when regulatory approvals are required from multiple agencies.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use significant management and financial resources to manage our regulatory risks.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Environmental risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have the safety, health and environmental risks associated with any mining and chemical
processing company. All three of our business segments face unique risks associated with radiation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Laws to protect the environment are becoming more stringent for members of the nuclear energy
industry and have inter-jurisdictional aspects (both federal and provincial/state regimes are
applicable). Once we have permanently stopped mining and processing activities, we are required to
decommission the operating site to the satisfaction of the regulator. We have developed conceptual
decommissioning plans for our operating sites and use them to estimate our decommissioning costs.
As the site approaches or goes into decommissioning, regulators review our detailed decommissioning
plan, and this can result in additional regulatory process, requirements, costs and financial
assurances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the end of 2010, our estimate of total decommissioning and reclamation costs was $465&nbsp;million.
This is the undiscounted value of the obligation and is based on our current operations. We had
accounting provisions of $280&nbsp;million at the end of 2010 (the present value of the $465&nbsp;million).
Since we expect to incur most of these expenditures at the end of the useful lives of the
operations they relate to, our expected costs for decommissioning and reclamation for the next five
years are not material.
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 12pt">54<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We provide financial assurances for decommissioning and reclamation as letters of credit to
regulatory authorities, as required. We had a total of $549&nbsp;million in letters of credit supporting
our reclamation liabilities at the end of 2010. Since 2001, all of our North American operations
have had letters of credit in place that provide financial assurance in line with our preliminary
plans for decommissioning for the sites.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Some of the sites we own or operate have been under ongoing investigation and/or remediation and
planning as a result of historic soil and groundwater conditions. For example, we are addressing
issues related to historic soil and groundwater contamination at Port Hope and Rabbit Lake.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use significant management and financial resources to manage our environmental risks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We manage environmental risks through our safety, health, environment and quality (SHEQ)&nbsp;management
system. Our SHEQ management system is centralized and managed at the corporate level, and we
implement it corporately and at our operations level. Our chief executive officer is responsible
for ensuring that our SHEQ management system is implemented. Our board&#146;s safety, health and
environment committee also oversees how we manage our environmental risks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, we invested:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$76&nbsp;million in environmental protection, monitoring and assessment programs, a decrease of
17% compared to 2009</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$34&nbsp;million in health and safety programs, unchanged compared to 2009.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, spending for these programs is expected to be similar to 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Operational risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other operational risks and hazards include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>environmental damage</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>industrial and transportation accidents</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>labour shortages, disputes or strikes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cost increases for contracted or purchased materials, supplies and services</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shortages of required materials and supplies</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>transportation disruptions</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>electrical power interruptions</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>equipment failures</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>non-compliance with laws and licences</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>catastrophic accidents</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fires</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>blockades or other acts of social or political activism</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>natural phenomena, such as inclement weather conditions, floods and earthquakes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unusual, unexpected or adverse mining or geological conditions</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>underground floods</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ground movement or cave ins</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>tailings pipeline or dam failures</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>technological failure of mining methods</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have insurance to cover some of these risks and hazards, but not all of them, and not to the
full amount of losses or liabilities that could potentially arise.
</DIV>





<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis&nbsp;&nbsp;</FONT>55</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left">
<A name="O68563120"></A>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; production overview</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our production was 10% higher this year than it was in 2009 and 6% higher than our plan at the
beginning of 2010. We had a number of successes at our mining operations in 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At McArthur River/Key Lake:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We increased production by 5% over 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We obtained approval for production flexibility, which allowed us to exceed our production
target by 6%.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At Rabbit Lake:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We added mineral reserves, extending the estimated mine life by two years to 2017.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At Inkai:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We continued to ramp up production and exceeded our 2009 production by 136%.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Production was 13% higher than our plan at the beginning of the year due to the completion
of the processing facilities and a stable acid supply.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium production</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Three months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6"><B>Year ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Cameco&#146;s share</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(million lbs U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010 plan</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River/Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>21.5</B></TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top"><B>1</B></SUP></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 4pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We updated our 2010 plan in our Q3 MD&#038;A to 22&nbsp;million pounds.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outlook</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have geographically diversified sources of production. We expect to produce about 125&nbsp;million
pounds of U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> over the next five years from the properties listed below. Our
strategy is to double our annual production to 40&nbsp;million pounds by 2018, which we expect will come
from our operating properties, development projects and projects under evaluation. These sources
are discussed in the following section.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Cameco&#146;s share of production &#151; annual forecast to 2015</I>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Current forecast</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">(million lbs U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2011</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2012</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2013</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2014</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2015</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River/Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">US ISR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>23.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29.2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2013, production at McArthur River may be lower as we transition to mining upper zone 4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, Inkai received approval in principle to produce at 3.9&nbsp;million pounds per year (100%
basis) and is seeking final approval through an amendment to the resource use contract.
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 12pt">56<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our 2011 and future annual production targets assume Inkai receives the government approvals and
support of our partner, Kazatomprom. More specifically, it must:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain final approval to produce at an annual rate of 3.9&nbsp;million pounds (our share 2.3
million pounds)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain the necessary permits and approvals to produce at an annual rate of 5.2&nbsp;million
pounds (our share 3.1&nbsp;million pounds)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ramp up production to an annual rate of 5.2&nbsp;million pounds this year</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect Inkai to receive all of the necessary permits and approvals to meet its 2011 and future
annual production targets and we anticipate it will be able to ramp up production as noted above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no certainty, however, that Inkai will receive these permits or approvals or that it will
be able to ramp up production this year. If Inkai does not, or if the permits and approvals are
delayed, Inkai may be unable to achieve its 2011 and future annual production targets.
</DIV>

<DIV style="width: 33%; border-bottom: 1pt solid black; font-size: 12pt">&nbsp;</DIV>


<DIV align="left" style="margin-top: 9pt">
<DIV style="font-size: 3pt; margin-top: 5pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 1pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD colspan="3">This forecast is forward-looking information. It is based on the assumptions and subject to the
material risks discussed on pages 2 and 3, and specifically on the assumptions and risks listed
here. Actual production may be significantly different from this forecast.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Assumptions</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we achieve our forecast production for each operation, which requires, among other things,
that our mining plans succeed, processing plants are available and function as designed, we
have sufficient tailings capacity and our reserve estimates are accurate</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we obtain or maintain the necessary permits and approvals from government authorities</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our production is not disrupted or reduced as a result of natural phenomena, labour
disputes, political risks, blockades or other acts of social or political activism, shortage
or lack of supplies critical to production, equipment failures or other development and
operation risks</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Material risks that could cause actual results to
differ materially</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we do not achieve forecast production levels for each operation because of a change in our
mining plans, processing plants are not available or do not function as designed, lack of
tailings capacity or for other reasons</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we cannot obtain or maintain necessary permits or government approvals</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>natural phenomena, labour disputes, political risks, blockades or other acts of social or
political activism, shortage or lack of supplies critical to production, equipment failures or
other development and operation risks disrupt or reduce our production</TD>
</TR>

</TABLE>
</DIV>






<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis&nbsp;&nbsp;</FONT>57</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563121"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856312.gif" alt="(MAP)">

</DIV>
<DIV align="left">
<A name="O68563122"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>McArthur River/Key Lake</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River is the world&#146;s largest, high-grade uranium mine, and Key Lake is the largest
uranium mill in the world.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ore grades at the McArthur River mine are 100 times the
world average, which means it can produce more than 18
million pounds per year by mining only 150 to 200 tonnes of
ore per day. We are the operator.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River is one of our three material uranium
properties.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Saskatchewan, Canada</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">69.805% &#151; McArthur River</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">83.33% &#151; Key Lake</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">234.2&nbsp;million pounds &#151; proven and probable</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average reserve grade
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#151; 15.24%<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">11.8&nbsp;million pounds (measured and indicated)</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">104.8&nbsp;million pounds (inferred)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining methods
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">currently: raiseboring</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">under development: boxhole boring</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mine and mill: 18.7&nbsp;million pounds per year<BR>
(can be exceeded &#151; see <I>Licensing </I>below)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total production 2000 to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">191.1&nbsp;million pounds (McArthur River/Key Lake) (100% basis)</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left: 34%">1983 to 2002
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">209.8&nbsp;million pounds (Key Lake) (100% basis)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">13.9&nbsp;million pounds (our share)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">13.1&nbsp;million pounds (our share)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$36.1&nbsp;million &#151; McArthur River</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$120.7&nbsp;million &#151; Key Lake</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="margin-left:22px; text-indent:-22px"><SUP style="FONT-size: 85%; vertical-align: text-top"><B>1</B></SUP> &nbsp;&nbsp;&nbsp;For more information on the average grade, please see the 2010 update that follows in
this section &#151; <I>Change in Average Reserve Grades</I>
</DIV></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">58<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Background</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use a number of innovative methods and techniques to mine the McArthur River deposit:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Ground freezing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The sandstone that overlays the deposit and basement rocks is water-bearing, with large volumes of
water under significant pressure. We use ground freezing to form an impermeable wall around the
area being mined. This prevents water from entering the mine, and helps stabilize weak rock
formations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, we developed an innovative, cathedral-shaped freezewall around zone 2, panel 5, allowing
us to develop tunnels above and below the orebody. We expect this innovation will allow us to
continue using raisebore mining as the main mining method at McArthur River and improve production
efficiencies as we transition to other areas of the mine (see <I>Planning for the future &#151; Zone 4</I>
below).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Raisebore mining</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Raisebore mining is an innovative non-entry approach that we adapted to meet the unique challenges
at McArthur River. It involves:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>drilling a series of overlapping holes through the ore zone from a raisebore chamber in
waste rock above the ore</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>collecting the broken ore at the bottom of the raises using line-of-sight remote-controlled
scoop trams, and transporting it to a grinding circuit</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>filling each raisebore hole with concrete once it is complete</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>removing the equipment and filling the entire chamber with concrete when all the rows of
raises in a chamber are complete</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>starting the process again with the next raisebore chamber</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have successfully used the raisebore mining method to extract about 190&nbsp;million pounds (100%
basis) since we began mining in 1999.
</DIV>


<DIV align="LEFT" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856313.gif" alt="(GRAPHIC)">
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">McArthur River currently has four zones with delineated mineral reserves (zones 1 to 4). Zones A
and B are categorized as inferred mineral resources. Parts of zones 1, 2, 3 and 4 also have mineral
resources.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Until this year, we have mined only zone 2 since the mine started production. Zone 2 is divided
into four panels (panels 1, 2, 3 and 5). Until late 2009, all mine production was from panels 1, 2
and 3, and there are still limited
</DIV>




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis&nbsp;&nbsp;</FONT>59</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">reserves that we will extract from these panels in the next few years. Panel 5 represents the upper
portion of zone 2, overlying a portion of the other panels.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We successfully transitioned to panel 5 last year, the first time development has been accomplished
through the unconformity into the Athabasca sandstone.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We brought the lower mining area of zone 4 into production in the fourth quarter of 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Boxhole boring</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Given our success with the cathedral-shaped freezewall around zone 2, panel 5, the use of boxhole
boring in our mine plan has been significantly narrowed in scope. We expect to be able to continue
using raisebore mining as our main mining method for McArthur River.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Boxhole boring is similar to the raisebore method, but the drilling machine is located below the
orebody, so development is not required above the orebody. This method is currently being used at
only a few mines around the world, but has not been used for uranium mining.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Boxhole boring poses some technical challenges. We will continue to test this method in 2011;
however, we expect it will only be used as a secondary method in areas where we determine
raiseboring is not feasible. We may use it on a limited basis in 2013 to meet our production
target.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our share of production was 6% higher than our target of 13.1&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, and a 5% increase over 2009. In 2009, we also exceeded our production
target.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our strong performance at both McArthur River and Key Lake allowed us to realize benefits under the
production flexibility amendments to the McArthur River and Key Lake operating licences (see
<I>Licensing </I>below).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>New mining areas</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Zone 2, panel 5 &#151; We developed a second raisebore chamber. This is expected to improve production
efficiency in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Lower zone 4 &#151; We completed the transition to this zone and began production during the fourth
quarter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Change in Average Reserve Grades</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At McArthur River, average grade for our mineral reserves changed as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for our proven reserves: in 2010 the average grade is 17.29%, up from 15.72% in 2009</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for our probable reserves: in 2010 the average grade is 13.49%, down from 26.33% in 2009</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a consequence, the average grade for our proven and probable reserves in 2010 is 15.24%, down
from 19.53% in 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The addition of 260 thousand tonnes of ore to probable reserves resulted in the average grade
decreasing in 2010. This increase of tonnes is due mostly to successful underground drilling and
conversion of lower grade inferred resources to probable reserves. Our plan to use conventional
blast-hole stoping in some areas also enabled us to convert lower grade resources to reserves. We
do not expect this reduction in grade to have a material effect on operating costs. Please see our
mineral reserves and resources section on page 84 for more information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mill revitalization</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Key Lake mill began operating in 1983. We are revitalizing the mill to ensure sustained
reliable production and increase our uranium production capability. This year we focused on:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>building the acid, steam and oxygen processing plants</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>securing our existing tailings capacity</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Operational upgrades</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Key Lake revitalization plan includes upgrading circuits with new technology to simplify
operations and improving environmental performance. As part of this plan, we are replacing the
acid, steam and oxygen plants.
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 12pt">60<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This year we installed all structural steel and winterized the buildings. We installed all major
equipment for the acid and steam plants, and are installing mechanical piping.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to complete and commission all three plants in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Tailings capacity</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We submitted a project description, the <I>Key Lake extension project</I>, to regulators to extend the
lifespan of the Key Lake operation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The project proposes to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>allow continued processing of ore from the McArthur River mine and other potential mine
developments</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increase long-term capacity of the Deilmann tailings management facility by allowing us to
deposit tailings to a higher elevation</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increase annual mill production capacity to 25&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Licensing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The CNSC approved an amendment to our operating licence for McArthur River, giving us flexibility
in the annual licensed production limit, similar to that received at Key Lake last year. The
McArthur River mine can produce up to 20.7&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> (100% basis) per year as long as average annual
production does not exceed 18.7&nbsp;million pounds. If production is lower than 18.7&nbsp;million pounds in
any year, we can produce more in future years until we recover the shortfall. After taking
advantage of this provision in 2009 and this year, we still have the opportunity to recover about 4
million pounds (100% basis) in past production shortfalls.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After the mill is revitalized, annual production will depend mainly on mine production. We are
continuing to plan for annual production of 18.7&nbsp;million pounds (100% basis) for the next few
years.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We initiated a multi-year project, the <I>McArthur River extension</I>, to advance the underground
exploration drifts to the north and to the south of the current mining operations. We expect this
work to further delineate zones A and B inferred mineral resources to the north, and mineral
resources to the south.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We received regulatory approval to continue developing the north exploration drift towards zone A
and zone B. Over the next two years, we will carry out underground exploration from this drift to
expand our knowledge of the size and grade of the ore in this area.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The surface lease has been reinstated to its original size, which will allow us to optimize the
location for future mine workings for ongoing approved activities. We expect a fourth shaft will be
necessary for ventilation of ongoing operations and for the eventual development of zones to the
north of current mining areas.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Labour relations</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We reached a new four-year collective agreement with unionized employees at McArthur River and Key
Lake. The agreement expires on December&nbsp;31, 2013.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect our share of production to be 13.1&nbsp;million pounds U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> in 2011 and
will look for opportunities to take advantage of the production flexibility provision in our
licences.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>New mining zones</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Zone 2, panel 5 &#151; In 2011, we expect to develop a third raisebore chamber.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Zone 4 &#151; In 2011, we will begin work to install the freezewall required to bring the upper mining
area of zone 4 into production.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our initial plan was to mine upper zone 4 using boxhole boring. We now expect, however, to use
raisebore mining in this area by applying the ground freezing experience we gained in zone 2, panel
5. By using raisebore mining, we expect to significantly improve production efficiencies compared
to boxhole boring.
</DIV>





<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis&nbsp;&nbsp;</FONT>61</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Tailings capacity</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we expect to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the detailed design for the stabilization of the Deilmann tailings management
facility pitwalls</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>start to relocate the infrastructure necessary to allow us to flatten the slope of the
pitwalls</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> advance work on the environmental assessment for the <I>Key Lake extension project</I></TD>
</TR>

</TABLE>
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we will continue work on the <I>McArthur River extension project</I>, to advance the underground
exploration drift to the north of the current mining areas. We will carry out further surface
exploration drilling of zone B. We will begin work on a feasibility study for the zones north of
our current mining areas.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing ongoing risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production at McArthur River/Key Lake poses many challenges: control of groundwater, weak rock
formations, radiation protection, water inflow, mining method uncertainty and changes to
productivity, mine transitioning, regulatory approvals, tailings capacity, reliability of
facilities at Key Lake, surface and underground fires. Operational experience gained since the
start of production has resulted in a significant reduction in risk.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Water inflow risk</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The greatest risk is production interruption from water inflows. A 2003 water inflow resulted in a
three-month suspension of production. We also had a small water inflow in 2008 that did not impact
production.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The consequences of another water inflow at McArthur River would depend on its magnitude, location
and timing, but could include a significant interruption or reduction in production, a material
increase in costs and a loss of mineral reserves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We take the following steps to reduce the risk of inflows, but there is no guarantee that these
will be successful:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Ground freezing </I>&#151; Before mining, we drill freezeholes and freeze the ground to form an
impermeable freezewall around the area being mined. Ground freezing reduces but does not
eliminate the risk of water inflows.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Mine development </I>&#151; We carry out extensive grouting and careful placement of mine
development away from known groundwater sources whenever possible. In addition, we assess all
planned mine development for relative risk, and apply extensive additional technical and
operating controls for all higher risk development.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%"  border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Pumping capacity and treatment limits </I>&#151;  Our standard for this project is to secure
pumping capacity of at least one and a half times the estimated maximum sustained inflow. We
review our dewatering system and requirements at least once a year and before beginning work
on any new zone.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We believe we have sufficient pumping, water treatment and surface storage capacity to handle the
estimated maximum sustained inflow.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Key Lake tailings capacity risk</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Tailings from processing McArthur River ore are deposited in the Deilmann tailings management
facility. At current production rates, the capacity of the Deilmann tailings management facility is
five to six years, assuming we experience only minor losses in storage capacity due to sloughing
from the pitwalls. Significant sloughing may constrain McArthur River production.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sloughing of material from the pitwalls has occurred in the past and resulted in the loss of
capacity. Technical studies show that stabilizing and reducing water levels in the pit enhances the
stability of the pitwalls, thereby reducing the risk of pitwall sloughing. We doubled our
dewatering treatment capacity, allowing us to stabilize the water level in the pit. The water level
has been gradually reduced over the past two years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, regulators approved our plan for the long-term stabilization of the Deilmann tailings
management facility pitwalls. We are implementing the plan, and expect it will take approximately
four years to complete the work.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have also assessed options for long-term storage of tailings at Key Lake. We are proceeding with
the environmental assessment to support an application for regulatory approval to deposit tailings
in the Deilmann tailings management facility to a much higher level. This would provide us with
enough tailings capacity to support many more years of mill production at Key Lake (see <I>Tailings
capacity </I>above).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also manage the risks listed on pages 54 and 55.
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">62<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856314.gif" alt="(MAP)">

</DIV>
<DIV align="left">
<A name="O68563123"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Rabbit Lake</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Rabbit Lake operation, which opened in 1975, is the longest operating uranium
production facility in North America, and the second largest uranium mill in the world.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Saskatchewan, Canada</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">25.5&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average reserve grade
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8 </SUB>&#151; 0.76%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">4.0&nbsp;million pounds (indicated)</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">10.2&nbsp;million pounds (inferred)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">vertical blast-hole stoping</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mill: maximum 16.9&nbsp;million pounds per year; currently 11&nbsp;million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total production 1975 to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">182.5&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.8&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.6&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$105.2&nbsp;million</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production this year was the same as in 2009.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Continued to upgrade the mill</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We completed the first phase of upgrades at the acid plant, replacing the convertor and heat
recovery equipment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Worked to extend the mine life</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We added mineral reserves, extending the estimated mine life by two years to 2017. We have
completed surface exploration drilling near the mine and have found new mineralization referred to
as the Powell zone. In 2012, we are planning to start an underground drilling program to further
evaluate this mineralization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We installed and commissioned a new exhaust air raise at the Eagle Point mine to support future
activities in the northern part of the mine.
</DIV>





<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis&nbsp;&nbsp;</FONT>63</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to produce 3.6&nbsp;million pounds in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Milling</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to have sufficient tailings capacity to support milling of Eagle Point ore and a portion
of the uranium solution from milling of Cigar Lake ore until mid-2016. We are planning to expand
the existing tailings management facility to increase the tailings capacity by mid-2016 to support
the extension of Rabbit Lake&#146;s mine life, accommodate tailings from processing Cigar Lake uranium
solution and provide a modest amount of additional tailings capacity for future processing
opportunities. We need regulatory approval to proceed with any increase in capacity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have extended our underground drilling reserve replacement program into 2011. We plan to test
and evaluate areas east and northeast of the mine where we have had good results. Drilling will
also continue on other parts of the property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Reclamation</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As part of our multi-year site-wide reclamation plan, we expect to spend $5.7&nbsp;million in 2011 to
reclaim facilities that are no longer in use.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We manage the risks listed on pages 54 and 55.
</DIV>







<DIV align="left" style="font-size: 10pt; margin-top: 12pt">64<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856315.gif" alt="(MAP)">

</DIV>
<DIV align="left">
<A name="O68563124"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Smith Ranch-Highland</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We operate Smith Ranch and Highland as a combined operation. Each has its own processing
facility, but the Smith Ranch mill processes all the uranium. The Highland mill is
currently idle.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Together, they form the largest uranium production facility in the United States.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0"  border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Wyoming, US</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">8.0&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average reserve grade
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8
</SUB>&#151; 0.09%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22.5&nbsp;million pounds (measured and indicated)</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.6&nbsp;million pounds (inferred)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">in situ recovery (ISR)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mine: 2&nbsp;million pounds per year</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mill: 4&nbsp;million pounds per year including Highland mill</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total production 2002 to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">13.6&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1.8&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1.8&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding: 2 0 2 0">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$111.5&nbsp;million (US)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We met our production target for the year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Upgrades</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We finished building five deep disposal wells, and received authorization to operate four of the
five wells. We expect to receive authorization to operate the fifth well in 2011. These are
expected to help us operate and restore groundwater more efficiently.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Licensing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We submitted the licence renewal application to the regulators. We expect production to continue
throughout the licence renewal process.
</DIV>





<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis&nbsp;&nbsp;</FONT>65</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to produce 1.8&nbsp;million pounds in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Reynolds Ranch expansion</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are seeking regulatory approval to proceed with our Reynolds Ranch expansion. The regulators
have indicated they have a large volume of permits to process, therefore approval of our expansion
is not expected to occur until late in 2011. We do not expect this delay to impact production.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Reserves and resources for Reynolds Ranch and Northwest Unit have been included in the totals for
Smith Ranch-Highland reserves and resources. Both properties are adjacent to Smith Ranch-Highland.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additional exploration is underway with the objective of extending the mine life.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The operating environment is becoming more complex as public interest and regulatory oversight
increase. This may have a negative impact on our plans to increase production. We also manage the
risks listed on pages 54 and 55.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">66<FONT style="FONT-variant: SMALL-CAPS">&nbsp;&nbsp;cameco corporation</FONT></DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856316.gif" alt="(MAP)">

</DIV>
<DIV align="left">
<A name="O68563125"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Crow Butte</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Crow Butte was discovered in 1980 and began production in 1991. It is the first uranium
mine in Nebraska, and is a significant contributor to the economy of northwest Nebraska.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nebraska, US</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">100%&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISO 14001 certified</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated reserves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.1&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average reserve grade
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8
</SUB>&#151; 0.12%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">11.2&nbsp;million pounds (measured and indicated)<BR>
5.6&nbsp;million pounds (inferred)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">in situ recovery (ISR)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity<br>
(mine and mill)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1&nbsp;million pounds per year</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total production 2002 to 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.8&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.7&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.7&nbsp;million pounds</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$35.2&nbsp;million (US)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Production was in line with our forecast.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Licensing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The regulators continued their review of our applications to expand and re-license Crow Butte. They
are planning public hearings in 2011 to consider our application. We expect production to continue
throughout this licence renewal process.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 67
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we expect to produce 0.7&nbsp;million pounds.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The operating environment is becoming more complex as public interest and regulatory oversight
increase. This may have a negative impact on our plans to increase production. We also manage the
risks listed on pages 54 and 55.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">68&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; operating properties</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856317.gif" alt="(MAP)">
</DIV>

<DIV align="left">
<A name="O68563126"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Inkai</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is a very significant uranium deposit, located in Kazakhstan. There are two
production areas (blocks 1 and 2) and an exploration area (block 3). The operator is Joint
Venture Inkai Limited Liability Partnership, which we jointly own (60%) with Kazatomprom
(40%).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is one of our three material uranium properties.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Central Kazakhstan</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">60%&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BSI OHSAS 18001<BR>
ISO 14001 certified</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated reserves<BR>
(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">72.9&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average reserve grade
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8
</SUB>&#151; 0.07%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated resources<BR>
(Our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">18.3&nbsp;million pounds (measured and indicated)<br>
153.0&nbsp;million pounds (inferred)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">in situ recovery (ISR)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity<br>
(mine and mill)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">approved in principle: 3.9&nbsp;million pounds per year<br>
(our share 2.3&nbsp;million pounds per year)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">application: expect to submit for 5.2&nbsp;million pounds per year<br>
(our share 3.1&nbsp;million pounds per year)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2010 production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2.6&nbsp;million pounds (our share)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2011 forecast production
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2.7&nbsp;million pounds (our share)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$7&nbsp;million (US)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our share of production this year was significantly higher due to successful wellfield performance
and the processing of uranium in inventory at the end of 2009. Production was 13% higher than our
plan at the beginning of the year due to the completion of the processing facilities and a stable
acid supply.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Operations</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai received state commissioning approval for the main processing plant, allowing full processing
of uranium concentrate on site. The plant operated at production rates very close to design
capacity for several months due to strong wellfield performance.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 69
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Project funding</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have a loan agreement with Inkai. As of December&nbsp;31, 2010, there was:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$314&nbsp;million (US)&nbsp;of principal outstanding on the loan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a nominal amount of accrued interest and financing fees on the loan. In 2010, Inkai paid
$49&nbsp;million (US)&nbsp;in accrued interest and financing fees.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai uses 100% of the cash available for distribution each year to pay accrued interest and
financing fees. After those amounts are paid, Inkai then uses 80% of cash available for
distribution each year to repay principal outstanding on the loan until it is repaid in full. The
remaining 20% of cash available for distribution is paid to the owners.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have also agreed to advance funds for Inkai&#146;s work on block 3 until the feasibility study is
complete.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Licensing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai received approval in principle to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increase annual production from blocks 1 and 2 to 3.9&nbsp;million pounds of
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> (100% basis)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend the block 3 licence to provide for a five-year appraisal period to carry out
delineation drilling, mineral resource estimation, construction and operation of a test leach
facility, and to complete a feasibility study</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai is in the process of finalizing the approval process with an amendment to its resource use
contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Block 3 exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inkai continued delineation drilling throughout the year and began planning for engineering and
construction of a test leach facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Profits from block 3 production are to be shared on a 50:50 basis with our partner, instead of
based on our ownership interests.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Uranium conversion project</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the guidance of the memorandum of understanding signed in 2007 (see <I>Doubling production</I>
below), we continued to work with our partner Kazatomprom to evaluate joint UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>
conversion opportunities. This work includes examining the feasibility of a number of options and
locations based on strategic and economic considerations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect our share of production to be 2.7&nbsp;million pounds in 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Block 3 exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011 we expect to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>continue delineation drilling</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>begin developing infrastructure and engineering for the test leach facility</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Doubling production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As part of our strategy to double production by 2018, we are working with our partner, Kazatomprom,
to implement our 2007 non-binding memorandum of understanding. The memorandum:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>targets future annual production capacity at 10.4&nbsp;million pounds (our share 5.7&nbsp;million
pounds). While the existing project ownership would not change, our share of the additional
capacity under the memorandum would be 50%.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>contemplates studying the feasibility of constructing a uranium conversion facility as well
as other potential collaborations in uranium conversion</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To implement the increase, we need a binding agreement to finalize the terms of the memorandum, and
various approvals from our partner and the government. We expect our ability to double annual
uranium production at Inkai will be closely tied to the success of the uranium conversion project.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">70&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Regulatory approvals</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, Inkai received approval in principle to produce 3.9&nbsp;million pounds per year (100% basis)
and is seeking final approval with an amendment to the resource use contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our 2011 and future annual production targets and mineral reserve estimates assume Inkai receives
the necessary government approvals and the support of our partner, Kazatomprom. More specifically,
Inkai must:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain final approval to produce at an annual rate of 3.9&nbsp;million pounds (our share 2.3
million pounds)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain the necessary permits and approvals to produce at an annual rate of 5.2&nbsp;million
pounds (our share 3.1&nbsp;million pounds)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ramp up production to an annual rate of 5.2&nbsp;million pounds this year</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect Inkai to receive all of the necessary permits and approvals to meet its 2011 and future
annual production targets and we anticipate it will be able to ramp up production as noted above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no certainty, however, Inkai will receive these permits or approvals or that it will be
able to ramp up production this year. If Inkai does not, or if the permits and approvals are
delayed, then Inkai may be unable to achieve its 2011 and future annual production targets and we
may have to recategorize some of Inkai&#146;s mineral reserves as resources.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Taxes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A new tax code became law in Kazakhstan on January&nbsp;1, 2009, and the resource use contract was
amended to adopt it. We do not expect the new tax code to have a material impact at this time, but
the elimination of tax stabilization under the new tax code could be material in the future. Under
the new tax code, Inkai&#146;s corporate income tax rate is 20% and the rate used to calculate the
mineral extraction tax on uranium is 22%. See our annual information form for an overview of the
changes brought about by the new tax code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Supply of sulphuric acid</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The supply of sulphuric acid has not been an issue for Inkai this year. However, given the
importance of sulphuric acid to Inkai&#146;s mining operations, we continue to closely monitor its
availability. Our production may be less than forecast if there is a shortage.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Political risk</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Kazakhstan declared itself independent in 1991 after the dissolution of the Soviet Union. Our Inkai
investment, and our plans to increase production, are subject to the risks associated with doing
business in developing countries, which have significant potential for social, economic, political,
legal, and fiscal instability. Kazakh laws and regulations are still developing and their
application can be difficult to predict. To maintain and increase Inkai production, we need ongoing
support, agreement and co-operation from our partner and the government.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The principal legislation governing subsoil exploration and mining activity in Kazakhstan is the
Subsoil Use Law dated June&nbsp;24, 2010. It replaces the Law on the Subsoil and Subsoil Use, dated
January&nbsp;27, 1996.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In general, Inkai&#146;s licences are governed by the version of the subsoil law that was in effect when
the licences were issued in April&nbsp;1999, and new legislation applies to Inkai only if it does not
worsen Inkai&#146;s position. Changes to legislation related to national security, among other criteria,
however, are exempt from the stabilization clause in the resource use contract. The Kazakh
government interprets the national security exemption broadly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With the new subsoil law, the government continues to weaken its stabilization guarantee. The
government is broadly applying the national security exception to encompass security over strategic
national resources.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The resource use contract contains significantly broader stabilization provisions than the new
subsoil law, and these contract provisions currently apply to us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To date, the new subsoil law has not had a significant impact on Inkai. We continue to assess the
impact. See our annual information form for an overview of this change in law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also manage the risks listed on pages 54 and 55.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 71
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563127"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; development project</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856318.gif" alt="(MAP)">
</DIV>

<DIV align="left">
<A name="O68563128"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Cigar Lake</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake is the world&#146;s second largest high-grade uranium deposit, with grades that are
100 times the world average. We are a 50% owner, and the mine operator, and expect the
operation to use available capacity at our Rabbit Lake mill.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake, which is being developed, is one of our three material uranium properties.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Saskatchewan, Canada</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">50.025%&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated reserves<br>
(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">104.7&nbsp;million pounds (proven and probable)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Average reserve grade
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8
</SUB>&#151; 17.04%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated resources<br>
(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.6&nbsp;million pounds (measured and indicated)<br>
66.8&nbsp;million pounds (inferred)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mining method
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">jet boring</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Target production date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">mid-2013</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Target annual production<br>
(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">9&nbsp;million pounds after rampup</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$27.7&nbsp;million (to the end of construction)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Background</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Development</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We began developing the Cigar Lake underground mine in 2005, but development was delayed due to
water inflows (two in 2006 and one in 2008). The first inflow flooded shaft 2, while it was under
construction. The second inflow flooded the underground development and we began remediation late
in 2006. In 2008, another inflow interrupted the dewatering of the underground development. We
sealed the inflows and completed dewatering of shafts 1 and 2. In 2010, we continued remediation of
the underground.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">72&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="o68633o6856319.gif" alt="(GRAPHIC)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mining method</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will use a number of innovative methods and techniques to mine the Cigar Lake deposit:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Bulk freezing </I>&#151; The sandstone that overlays the deposit and basement rocks is
water-bearing, with large volumes of water under significant pressure. We will freeze the ore
zone and surrounding rock in the area to be mined, to prevent water from entering the mine and
to help stabilize weak rock formations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the past, bulk freezing has been done from underground. In 2010, however, we tested and began
to implement an innovative surface freeze strategy, which we expect will provide the following
benefits:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reduce risk to the production schedule by advancing the availability of frozen ground and
simplifying construction activities underground by moving some of the freezing infrastructure
to surface</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>move up to 10&nbsp;million pounds forward in the production schedule</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>improve mining costs and economics of the project</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We expect the capital cost for surface freezing will be $80 to $85&nbsp;million (100% basis). Our plan
is to use a hybrid freezing approach. We will use surface freezing to shorten the rampup period
and utilize underground freezing for the longer term development of the mine.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Jet boring </I>&#151; After many years of test mining, we selected jet boring, a non-entry mining
method, which we have developed and adapted specifically for this deposit. This method is new
to the uranium mining industry. Overall, our initial test program was a success and met all
initial objectives. This method, however, has not been proven at full production. As we ramp
up production, there may be some technical challenges, which could affect our production
plans.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are confident we will be able to solve challenges that may arise, but failure to do so would
have a significant impact on our business.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 73
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Milling</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For approximately two years after mining begins, we expect all Cigar Lake ore to be processed at
Areva&#146;s McClean Lake JEB mill. After production ramps up to planned full capacity, the JEB mill is
expected to ship a portion of the uranium solution from milling of Cigar Lake ore to the Rabbit
Lake mill for processing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the year, we:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>completed dewatering the underground development</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>substantially completed cleanup, inspection, assessment and securing of the underground
development areas</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we prepared the ground around shaft 2 for freezing in preparation to resume shaft sinking</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>began implementing a surface freeze strategy we expect will shorten the rampup period for
the project by bringing forward uranium production into the early years and improve mining
costs and project economics</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increased installed pumping capacity</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>completed backfilling of the 420 and 465 metre levels</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>resumed underground development in the south end of the mine</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>completed the 2010 surface drilling program</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Costs</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of December&nbsp;31, 2010, we had:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>invested $492&nbsp;million for our share of the construction costs to develop Cigar Lake</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>invested $262&nbsp;million related to test mining and infrastructure development (prior to our
2005 development decision)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expensed $81&nbsp;million in remediation expenses, including about $17&nbsp;million in 2010</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We initiated a surface drilling program, which we expect will further delineate mineral resources
to the east and west of current reserves.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we expect to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>finish restoring all remaining underground mine systems, infrastructure and underground
development areas</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the work to secure the mine</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>resume underground construction</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the sinking of shaft 2</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the surface ore loadout facilities</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>procure additional equipment for the jet boring system</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>work to obtain regulatory approval of the environmental assessment that will allow the
release of treated water directly to Seru Bay of Waterbury Lake</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>work to obtain regulatory approval for the Cigar Lake mine plan</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Technical report</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the technical report filed in 2010, we reported $912&nbsp;million (100% basis) as our expected share
of the total capital costs to complete the Cigar Lake project. This included completion of the
underground development and surface construction, and completion of modifications at the Rabbit
Lake and McClean Lake mills.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Later in 2011, we plan to issue a new technical report for Cigar Lake to reflect developments
during 2010, including our decision to proceed with the surface freeze strategy. In the report, we
will update our estimates including our capital cost estimate and production rampup schedule.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">74&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Production</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are targeting initial production to begin in mid-2013.
</DIV>


<DIV style="width: 33%; border-bottom: 1pt solid black; font-size: 12pt">&nbsp;</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">The costs to complete Cigar Lake and our target dates for securing the mine and for initial
production are forward-looking information. They are based on the assumptions and subject to the
material risks discussed on
pages 2 and 3, and specifically on the assumptions and risks listed here.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Assumptions</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>natural phenomena, an equipment failure or other causes do not result in a material delay
or disruption in our plans</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are no additional water inflows</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the seals or plugs used for previous water inflows do not fail</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are no labour disputes or shortages</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we obtain contractors, equipment, operating parts, supplies, and regulatory permits and
approvals when we need them</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mine plans are achieved, our processing plants are available and function as designed,
sufficient tailings capacity is available and our mineral reserve estimates are accurate</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Material risks</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an unexpected geological, hydrological or underground condition, such as an additional
water inflow, further delays our progress</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we cannot obtain or maintain the necessary regulatory permits or approvals</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>natural phenomena, labour disputes, equipment failure, delay in obtaining the required
contractors, equipment, operating parts or supplies, or other reasons cause a material delay
or disruption in our plans</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our mining plans change or do not succeed, our processing plants are not available or do
not function as designed, sufficient tailings capacity is not available and our mineral
reserve estimates are not accurate</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cigar Lake is a challenging deposit to develop and mine. These challenges include control of
groundwater, weak rock formations, radiation protection, water inflow, mining method uncertainty,
regulatory approvals, tailings capacity, surface and underground fires and other mining-related
challenges. To reduce this risk, we are applying our operational experience and the lessons we have
learned about water inflows at McArthur River and Cigar Lake.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The greatest risk to development and production is from water inflows. The 2006 and 2008 water
inflows were significant setbacks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The consequences of another water inflow at Cigar Lake would depend on its magnitude, location and
timing, but could include a significant delay in Cigar Lake&#146;s remediation, development or
production, a material increase in costs and a loss of mineral reserves. Although we are taking the
following steps to mitigate the risks of water inflow, there can be no guarantee that these will be
successful:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Bulk freezing</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Two of the primary challenges in mining the deposit are control of groundwater and ground support.
Bulk freezing reduces but does not eliminate the risk of water inflows.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Mine development</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our approach is to carry out extensive grouting and careful placement of mine development away from
known groundwater sources whenever possible. In addition, we assess all planned mine development
for relative risk, and apply extensive additional technical and operating controls for all higher
risk development.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT>&nbsp;&nbsp; 75
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Pumping capacity and treatment limits</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We increased our pumping capacity this year to meet our standard for this project, which is to
secure pumping capacity of at least one and a half times the estimated maximum inflow.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We believe we have sufficient pumping, water treatment and surface storage capacity to handle the
estimated maximum inflow.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also manage the risks listed on pages 54 and 55.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">76&nbsp;&nbsp;<FONT style="FONT-variant: SMALL-CAPS"> cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left">
<A name="O68563129"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; projects under evaluation</B>
</DIV>

<DIV align="left">
<A name="O68563130"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Kintyre</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Kintyre, which we acquired with a partner in 2008, adds potential for low-cost
production and diversifies our geographic reach and deposit types. We are the operator.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Western Australia
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" valign="top" colspan="3">70%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">open pit
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Background</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In August&nbsp;2008, we paid $346&nbsp;million (US)&nbsp;to acquire a 70% interest in Kintyre.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This year we:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>began the process for negotiating a mine development agreement with the Martu, the native
land title holders for this property</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>built a construction camp to support the prefeasibility assessment of the project</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>completed a delineation drilling program</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>carried out metallurgical testing to define the milling process</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>initiated mining and infrastructure studies for the prefeasibility study</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>initiated a hydrogeological drilling program to confirm process water supply</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>carried out environmental baseline studies</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>submitted the environmental referral document to initiate the environmental assessment
process and submitted the environmental scoping document</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>trained and hired a significant number of Martu people</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our plan for 2011 is to keep moving the project towards a production decision. We expect to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>generate a National Instrument 43-101 mineral resource estimate</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete a memorandum of understanding for a mine development agreement with the Martu</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>carry out further exploration drilling to test potential extensions of the deposit</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>submit an environmental review and management program</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the prefeasibility study and decide whether to proceed to the feasibility stage</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing the risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To successfully develop this project, we need a positive feasibility study, regulatory approval and
an agreement with the Martu. We also manage the risks listed on pages 54 and 55.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT> &nbsp; &nbsp; 77
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; projects under evaluation</B>
</DIV>

<DIV align="left">
<A name="O68563131"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Millennium</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Millennium is a uranium deposit in northern Saskatchewan that we expect will use the mill
at Key Lake. We are the operator.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Saskatchewan, Canada
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" valign="top" colspan="3">42%</TD>

</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deposit type
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">underground
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">21.4&nbsp;million pounds (indicated)
</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(our share)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">4.3&nbsp;million pounds (inferred)
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Background</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Millennium deposit was discovered in 2000. The deposit was delineated through geophysical
survey and drilling work between 2000 and 2007.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This year we:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>completed our mine design with positive results achieved</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>continued work on the environmental assessment, preparing us to submit the environmental
impact statement late in 2011 or early 2012</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our plan for 2011 is to keep moving the project towards a production decision. We expect to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the environmental assessment work and submit the environmental impact study to the
regulators late in 2011 or early 2012</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>undertake additional studies and design work required to advance the project</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing the risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The English River First Nation (ERFN)&nbsp;has selected surface lands covering the Millennium deposit in
a claim for Treaty Land Entitlement (TLE). The Saskatchewan government has rejected the selection,
but the ERFN has challenged the government&#146;s decision in the courts. The TLE process does not
affect our mineral rights, but it could have an impact on the surface rights and benefits we
ultimately negotiate as part of the development of this deposit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also manage the risks listed on pages 54 and 55.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">78 &nbsp;&nbsp; <FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563132"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Uranium &#151; exploration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Exploration is key to ensuring our long-term growth, and since 2002 we have more than tripled our
annual investment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o68633o6856320.gif" alt="(BAR GRAPH)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Brownfield exploration</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Brownfield exploration is uranium exploration near our existing operations, and includes expenses
for advanced exploration projects where uranium mineralization is being defined.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We spent $11&nbsp;million in five brownfield exploration projects, and $48&nbsp;million for resource
delineation at Kintyre and Inkai block 3.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Regional exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We spent about $37&nbsp;million in regional exploration programs (including support costs). Saskatchewan
was the largest region, followed by Australia, northern Canada, Asia, and South America.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We own a 30% interest in the Phoenix deposit, part of the Wheeler River joint venture in
Saskatchewan, operated by 60% owner Denison Mines. In 2010, an initial estimate of 36&nbsp;million
pounds indicated mineral resources (100%) for zone A, the largest of four known mineralized zones
of the deposit, was announced.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Plans for 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We plan to spend approximately $90&nbsp;million on uranium exploration in 2011 as part of our long-term
strategy. This includes activities at our projects under evaluation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Brownfield exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">About $9&nbsp;million will be spent on five brownfield exploration projects in the Athabasca Basin and
Australia. Our expenditures on projects under evaluation are expected to total $22&nbsp;million, with
the largest amounts spent on Kintyre and on further delineation of the Inkai block 3 resource.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Regional exploration</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect to spend about $60&nbsp;million on 54 projects worldwide, the majority of which are at drill
target stage. Among the larger expenditures planned are $8&nbsp;million on two adjacent projects in
Nunavut, $5&nbsp;million directed towards new targets in South Australia and Argentina, and a $4&nbsp;million
expenditure on the Wellington Range project in Northern Territory, Australia.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT> &nbsp; &nbsp; 79
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563133"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services &#151; refining</B>
</DIV>

<DIV align="left">
<A name="O68563134"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Blind River refinery</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Blind River is the world&#146;s largest commercial uranium refinery, refining U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>
from mines around the world into UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Ontario, Canada
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" valign="top" colspan="3">100%</TD>

</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3 </SUB>
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">ISO 14001 certified
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">approved: 18&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> per year
</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">application: 24&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> per year
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">$36&nbsp;million
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Blind River refinery produced 12.4&nbsp;million kgU of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>, in line with our forecast.
This ensured that SFL maintained its contractual inventories and Port Hope met its production
requirements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We manage the risks listed on pages 54 and 55.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">80 &nbsp;&nbsp; <FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563135"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fuel services &#151; conversion and fuel manufacturing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We control about 35% of western world UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> capacity.
</DIV>

<DIV align="left">
<A name="O68563136"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Port Hope conversion services</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Port Hope is the only uranium conversion facility in Canada, and one of only four
in the western world. It is the only commercial supplier of UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> for Canadian-made
Candu reactors.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Ontario, Canada
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3">100%</TD>

</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB>, UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2 </SUB>
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">ISO 14001 certified
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">12.5&nbsp;million kgU as UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> per year
</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">2.8&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> per year
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">$96&nbsp;million
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left">
<A name="O68563137"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Cameco Fuel Manufacturing Inc. (CFM)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CFM produces fuel bundles and reactor components for Candu reactors.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Ontario, Canada
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" valign="top" colspan="3">100%</TD>

</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">End product
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Candu fuel bundles and components
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">ISO 9001 certified
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">1.2&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2 </SUB>as finished bundles
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Estimated decommissioning cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">$18&nbsp;million
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left">
<A name="O68563138"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Springfields Fuels Ltd. (SFL)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SFL is the newest conversion facility in the world. We contract almost all of its
capacity through a toll-processing agreement to 2016.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lancashire, UK</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Toll-processing agreement
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">annual conversion of 5&nbsp;million kgU as UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB> to UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Licensed capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.0&nbsp;million kgU as UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> per year</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT> &nbsp; &nbsp; 81
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fuel services production was 15.4&nbsp;million kgU in 2010, in line with our target of 15&nbsp;million to 16
million kgU. Production was 25% higher than in 2009 due to the routine operation of the Port Hope
UF<SUB style="FONT-size: 85%; vertical-align: text-bottom">6</SUB> plant, which did not operate for most of the first half of 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Port Hope conversion facility cleanup and modernization (Vision 2010)</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We submitted the draft environmental impact statement for review by the regulators in December.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Collective agreement</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unionized employees at the Port Hope conversion facility voted to accept a new, three-year
collective agreement. The agreement expires June&nbsp;30, 2013.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Community outreach</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We continued to strengthen our community outreach program in Port Hope by:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>holding a series of community forums</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>making presentations to municipal council</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reaching out using community newsletters, newspaper advertising, public displays, open
houses and a website dedicated to the Port Hope community</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Public opinion research shows we have a strong level of local support.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Production</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect total production to be between 15&nbsp;million and 16&nbsp;million kgU in 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Port Hope conversion facility cleanup and modernization (Vision 2010)</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, we expect to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>continue with the environmental assessment process for this project</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>finalize the environmental impact statement</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We manage the risks listed on pages 54 and 55.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">82 &nbsp;&nbsp; <FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563139"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Electricity</B>
</DIV>

<DIV align="left">
<A name="O68563140"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Bruce Power Limited Partnership (BPLP)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP leases and operates four Candu nuclear reactors that have the capacity to provide about
15% of Ontario&#146;s electricity.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Location
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Ontario, Canada
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ownership
</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" valign="top" colspan="3">31.6%</TD>

</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ISO certification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">ISO 14001 certified
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Expected reactor life
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">2018 to 2021
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Term of lease
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">2018 &#151; right to extend for up to 25&nbsp;years
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Generation capacity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">3,260 MW
</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Background</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are the fuel procurement manager for BPLP&#146;s four nuclear reactors and for Bruce A Limited
Partnership&#146;s (BALP)&nbsp;two operating reactors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We provide 100% of BPLP&#146;s uranium concentrates and have agreed to supply BALP with the majority of
its future uranium concentrates. Sales to BPLP and BALP are also a substantial portion of our fuel
manufacturing business and an important part of our UO<SUB style="FONT-size: 85%; vertical-align: text-bottom">2</SUB> business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2010 update</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Output</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP&#146;s capacity factor was 91%.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Collective agreements</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The collective agreements with the Power Workers&#146; Union and the Society of Energy Professionals
expired in December. BPLP has reached a tentative agreement with the Power Workers&#146; Union and
discussions with the Society are underway.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Planning for the future</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Output</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the capacity factor to be 89% in 2011 and actual output to be about 2% lower than 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Managing our risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP manages the unique risks associated with operating Candu reactors. The amount of electricity
generated, and the cost of that generation, could vary materially from forecast if planned outages
are significantly longer than planned, or there are many unplanned outages, either for maintenance,
regulatory requirements, equipment malfunction or due to other causes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BPLP also manages the risks listed on pages 54 and 55.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT> &nbsp; &nbsp; 83
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563107"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral reserves and resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our mineral reserves and resources are the foundation of our company and
fundamental to our success.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have interests in a number of uranium properties. The tables in this section show our
estimates of the reserves, measured and indicated resources and inferred resources at those
properties. However, only three of the properties listed in those tables are material uranium
properties for us: McArthur River and Inkai, which are being mined, and Cigar Lake, which is being
developed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We estimate and disclose mineral reserves and resources in five categories, using the definitions
adopted by the Canadian Institute of Mining, Metallurgy and Petroleum, and in compliance with
Canadian <I>National Instrument 43-101 &#151; Standards of Disclosure for Mineral Projects (NI 43-101)</I>,
developed by the Canadian Securities Administrators. You can find out more about these categories
at www.cim.org.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About mineral resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources do not have demonstrated economic viability, but have reasonable prospects for
economic extraction. They fall into three categories: measured, indicated and inferred. Our
reported mineral resources are exclusive of mineral reserves.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Measured and indicated mineral resources are sufficiently well defined that we can estimate
them with enough confidence to apply technical and economic parameters and evaluate the
economic viability of the deposit.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>measured resources</I>: we can confirm geological and grade continuity to carry out production
planning.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>indicated resources</I>: we can reasonably assume geological and grade continuity to carry out
mine planning.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inferred mineral resources are estimated using limited information. We do not have enough
confidence to evaluate their economic viability in a meaningful way. You should not assume
that all or any part of an inferred mineral resource will be upgraded to an indicated or
measured mineral resource as a result of continued exploration.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About mineral reserves</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral reserves are measured and indicated mineral resources that can be mined economically at the
time of reporting. They fall into two categories:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>proven reserves</I>: economic extraction of measured resources is demonstrated by at least a
preliminary feasibility study</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>probable reserves</I>: economic extraction of measured and/or indicated resources is
demonstrated by at least a preliminary feasibility study</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use current geological models, an average uranium price of $56.50 (US)&nbsp;per pound
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB>, and current or projected operating costs and mine plans to estimate our
mineral reserves, allowing for dilution and mining losses. We apply our standard data verification
process for every estimate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Changes this year</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our share of proven and probable mineral reserves went from 479&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> at the end of 2009 to 476&nbsp;million pounds at the end of 2010. The change
was mostly the result of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mining and milling activities, which used 24&nbsp;million pounds</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral resources to reserves from drilling and mine design updates at
McArthur River, Rabbit Lake and Smith Ranch-Highland</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral reserves to resources at Inkai due to the production ramp up schedule
and increased leaching recovery applied to a limited annual production rate</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Measured and indicated mineral resources increased from 140&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> at the end of 2009 to 142&nbsp;million pounds at the end of 2010. The change
was mostly the result of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>addition of mineral resources at the new Phoenix deposit</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral resources to reserves at McArthur River and Rabbit Lake</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">84 &nbsp;&nbsp; <FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conversion of mineral reserves to resources at Inkai</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the end of 2010, our share of inferred mineral resources was nearly 357&nbsp;million pounds
U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB> &#151; a net gain of 3&nbsp;million pounds, which came mostly from the new Powell
zone at Rabbit Lake and drilling and new mining plans at McArthur River zone 4 south.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Qualified persons</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The technical and scientific information discussed in this MD&#038;A, including mineral reserve and
resource estimates, for our material properties (McArthur River/Key Lake, Inkai and Cigar Lake)
were prepared by, or under the supervision of, individuals who are qualified persons for the
purposes of NI 43-101:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" colspan="3"><I>McArthur River/Key Lake</I></TD>

    <TD>&nbsp;</TD>

</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alain G. Mainville, director, mineral resources management, Cameco
</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">David Bronkhorst, vice-president, Saskatchewan mining south, Cameco
</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Greg Murdock, technical superintendent, McArthur River, Cameco
</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Les Yesnik, general manager, Key Lake, Cameco
</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lorne D. Schwartz, chief metallurgist, major projects &#151;technical services, Cameco</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><I>Cigar Lake</I></TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alain G. Mainville, director, mineral resources management, Cameco</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">C. Scott Bishop, principal mine engineer, major projects &#151; technical services,Cameco</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Grant J.H. Goddard, vice-president, Saskatchewan mining north, Cameco</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lorne D. Schwartz, chief metallurgist, major projects &#151; technical services, Cameco</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><I>Inkai</I></TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alain G. Mainville, director, mineral resources management, Cameco</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt">
<TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Charles J. Foldenauer, operations director, JV Inkai</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Important information about mineral reserve and resource estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although we have carefully prepared and verified the mineral reserve and resource figures in this
document, the figures are estimates, based in part on forward-looking information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Estimates are based on our knowledge, mining experience, analysis of drilling results, the quality
of available data and management&#146;s best judgment. They are, however, imprecise by nature, may
change over time, and include many variables and assumptions including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>geological interpretation</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>extraction plans</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>commodity prices</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recovery rates</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>operating and capital costs</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no assurance that the indicated levels of uranium will be produced, and we may have to
re-estimate our mineral reserves based on actual production experience. Changes in the price of
uranium, production costs or recovery rates could make it unprofitable for us to operate or develop
a particular site or sites for a period of time. See page 1 for information about forward-looking
information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see our mineral reserves and resources section of our annual information form for the
specific assumptions, parameters and methods used for McArthur River, Inkai and Cigar Lake mineral
reserve and resource estimates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Important information for US investors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While the terms measured, indicated and inferred mineral resources are recognized and required by
Canadian securities regulatory authorities, the US Securities and Exchange Commission (SEC)&nbsp;does
not recognize them. Under US standards, mineralization may not be classified as a &#145;reserve&#146; unless
it has been determined at the time of reporting that the mineralization could be economically and
legally produced or extracted. US investors should not assume that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any or all of a measured or indicated mineral resource will ever be converted into proven
or probable mineral reserves</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT> &nbsp; &nbsp; 85
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any or all of an inferred mineral resource exists or is economically or legally mineable,
or will ever be upgraded to a higher category. Under Canadian securities regulations,
estimates of inferred resources may not form the basis of
feasibility or prefeasibility studies. Inferred resources have a great amount of uncertainty as to
their existence and economic and legal feasibility.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The requirements of Canadian securities regulators for identification of &#145;reserves&#146; are also not
the same as those of the SEC, and mineral reserves reported by us in accordance with Canadian
requirements may not qualify as reserves under SEC standards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other information concerning descriptions of mineralization, mineral reserves and resources may not
be comparable to information made public by companies that comply with the SEC&#146;s reporting and
disclosure requirements for US domestic mining companies, including Industry Guide 7.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">86 &nbsp;&nbsp; <FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Mineral reserves</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As at December&nbsp;31, 2010 (100% basis &#151; only the second last column shows Cameco&#146;s share)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Proven and probable </B>(tonnes in thousands; pounds in millions)
</DIV>

<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Proven</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Probable</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="14" style="border-bottom: 1px solid #000000"><B>Total mineral reserves</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Cameco&#146;s</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>share of</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Estimated</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>content</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>metallurgical</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD nowrap align="left"><B>Property</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right"><B>Mining method</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>%U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>%U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>%U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>recovery (%)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">458.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">174.8</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">540.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.49</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160.7</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">998.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">335.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">234.2</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">130.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73.7</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">426.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.41</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135.6</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">557.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.04</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">209.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104.7</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.5</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,478.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.77</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,517.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.76</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.5</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Key Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">open pit</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,817.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,810.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112.7</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80,627.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills-Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,403.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,403.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte-Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,803.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.2</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,803.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.2</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,243.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,707.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,951.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">922.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">282.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.8</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,204.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,673.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>264.0</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>91,452.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>466.9</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>99,125.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>730.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>476.2</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Notes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See page 60 for a discussion of the change in the average ore grade for mineral reserves at
McArthur River.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ISR &#151; <I>in situ recovery</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Estimates in the table above:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>use an average uranium price of $56.50 (US)/lb U<SUB style="FONT-size: 85%; vertical-align: text-bottom">3</SUB>O<SUB style="FONT-size: 85%; vertical-align: text-bottom">8</SUB></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are based on the average exchange rate at December&nbsp;31, 2010 ($1.00 US=$0.99 Cdn)</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Totals may not add up due to rounding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except for the possible Inkai permitting issue referred to below, we do not expect these mineral
reserve estimates to be materially affected by environmental, permitting, legal, taxation,
socio-economic, political or marketing issues.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Metallurgical recovery</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We report mineral reserves as the quantity of contained ore supporting our mining plans, and
include an estimate of the metallurgical recovery for each uranium property. Metallurgical recovery
is an estimate of the amount of valuable product that can be physically recovered by the
metallurgical extraction process, and is calculated by multiplying quantity of contained metal
(content)&nbsp;by the estimated metallurgical recovery percentage. Our share of uranium in the table
above is before accounting for estimated metallurgical recovery.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Estimates for Inkai</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2010, Inkai received approval in principle to produce 3.9&nbsp;million pounds per year (100% basis)
and is seeking final approval with an amendment to the resource use contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our 2011 and future annual production targets and mineral reserve estimates assume Inkai receives
the necessary government approvals and the support of our partner, Kazatomprom. More specifically,
Inkai must:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain final approval to produce at an annual rate of 3.9&nbsp;million pounds (our share 2.3
million pounds)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain the necessary permits and approvals to produce at an annual rate of 5.2&nbsp;million
pounds (our share 3.1&nbsp;million pounds)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ramp up production to an annual rate of 5.2&nbsp;million pounds this year</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><FONT style="FONT-variant: SMALL-CAPS">2010 Management&#146;s discussion and analysis</FONT> &nbsp; &nbsp; 87
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect Inkai to receive all of the necessary permits and approvals to meet its 2011 and future
annual production targets and we anticipate it will be able to ramp up production as noted above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no certainty, however, Inkai will receive these permits or approvals or that it will be
able to ramp up production this year. If Inkai does not, or if the permits and approvals are
delayed, then Inkai may be unable to achieve its 2011 and future annual production targets and we
may have to re-categorize some of Inkai&#146;s mineral reserves as resources.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">88 &nbsp;&nbsp; <FONT style="FONT-variant: SMALL-CAPS">cameco corporation</FONT>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mineral resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As at December&nbsp;31, 2010 (100% &#151; only the last column shows Cameco&#146;s share)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Measured and indicated </B>(tonnes in thousands; pounds in millions)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Measured</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Indicated</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" colspan="14" style="border-bottom: 1px solid #000000"><B>Total measured and indicated</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Cameco&#146;s</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Mining</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>share</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Property</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>method</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.23</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.4</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.8</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">348.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">348.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dawn Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">open pit, underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">347.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.69</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">347.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.69</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">507.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">507.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Phoenix</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35.6</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tamarack</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">183.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.42</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">183.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.42</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,386.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.5</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,386.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills-Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,964.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.4</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,418.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,382.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte-Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">762.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,012.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.0</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,774.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,079.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,906.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.6</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,985.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22.5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,466.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.2</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,466.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruby Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,215.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,215.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,080.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,080.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shirley Basin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.3</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,638.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,727.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,988.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22.3</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>46,637.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>205.0</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>51,626.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>227.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>141.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Inferred </B>(tonnes in thousands; pounds in millions)
</DIV>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="41%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Cameco&#146;s</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Mining</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Grade</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Content</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>share</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Property</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>method</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Tonnes</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>(lbs U</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>3</B></SUB><B>O</B><SUB style="FONT-size: 85%; vertical-align: text-bottom"><B>8</B></SUB><B>)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">McArthur River</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">506.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cigar Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">480.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.61</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">133.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rabbit Lake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">369.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.26</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Millennium</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">217.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Phoenix</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tamarack</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">underground</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.02</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inkai</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">254,696.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.05</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">255.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">153.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gas Hills-Peach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">861.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North Butte-Brown Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">640.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Smith Ranch-Highland</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,370.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.05</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Crow Butte</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,349.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruby Ranch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">210.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shirley Basin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ISR</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">508.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>267,335.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>580.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>356.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Notes</I></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ISR &#151; <I>in situ recovery</I>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources do not include amounts that have been identified as mineral reserves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mineral resources do not have demonstrated economic viability. Totals may not add up due to
rounding.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --><FONT style="font-variant: SMALL-CAPS">2010
Management&#146;s discussion and analysis</font> &nbsp;&nbsp;89<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="O68563108"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Additional information</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Related party transactions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We buy significant amounts of goods and services for our Saskatchewan mining operations from
northern Saskatchewan suppliers to support economic development in the region. One of these
suppliers is Points Athabasca Contracting Ltd. (PACL). In 2010, we paid PACL $38&nbsp;million for
construction and contracting services (2009 &#151; $30&nbsp;million). These transactions were carried out in
the normal course of business. A member of Cameco&#146;s board of directors is the president of PACL.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Critical accounting estimates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Because of the nature of our business, we are required to make estimates that affect the amount of
assets and liabilities, revenues and expenses, commitments and contingencies we report.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We base our estimates on our experience, our best judgment, guidelines established by the Canadian
Institute of Mining, Metallurgy and Petroleum and on assumptions we believe are reasonable. We
believe the following critical accounting estimates reflect the more significant judgments used in
the preparation of our financial statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Decommissioning and reclamation
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are required to estimate the cost of decommissioning and reclamation for each operation, but we
normally do not incur these costs until an asset is nearing the end of its useful life. Regulatory
requirements and decommissioning methods could change during that time, making our actual costs
different from our estimates. A significant change in these costs or in our mineral reserves could
have a material impact on our net earnings and financial position.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Property, plant and equipment
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We depreciate property, plant and equipment primarily using the unit of production method, where
the carrying value is reduced as resources are depleted. A change in our mineral reserves would
change our depreciation expenses, and such a change could have a material impact on amounts charged
to earnings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We assess the carrying values of property, plant and equipment and goodwill every year, or more
often if necessary. If we determine that we cannot recover the carrying value of an asset or
goodwill, we write off the unrecoverable amount against current earnings. We base our assessment of
recoverability on assumptions and judgments we make about future prices, production costs, our
requirements for sustaining capital and our ability to economically recover mineral reserves. A
material change in any of these assumptions could have a significant impact on the potential
impairment of these assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Taxes
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">When we are preparing our financial statements, we estimate taxes in each jurisdiction we operate
in, taking into consideration different tax rates, non-deductible expenses, valuation allowances,
changes in tax laws and our expectations for future results.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We base our estimates of future income taxes on temporary differences between the assets and
liabilities we report in our financial statements, and the assets and liabilities determined by the
tax laws in the various countries we operate in. We record future income taxes in our financial
statements based on our estimated future cash flows, which includes estimates of non-deductible
expenses. If these estimates are not accurate, there could be a material impact on our net earnings
and financial position.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">

</DIV>

<P align="left" style="font-size: 10pt"><!-- Folio -->90&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</font><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Controls and procedures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have evaluated the effectiveness of our disclosure controls and procedures and internal control
over financial reporting as of December&nbsp;31, 2010, as required by the rules of the US Securities and
Exchange Commission and the Canadian Securities Administrators.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Management, including our chief executive officer and our chief financial officer, supervised and
participated in the evaluation, and concluded that our disclosure controls and procedures are
effective to provide a reasonable level of assurance that the information we are required to
disclose in reports we file or submit under securities laws is recorded, processed, summarized and
reported accurately, and within the time periods specified. It should be noted that while the CEO
and CFO believe that our disclosure controls and procedures provide a reasonable level of assurance
that they are effective, they do not expect the disclosure controls and procedures or internal
control over financial reporting to be capable of preventing all errors and fraud. A control
system, no matter how well conceived or operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Management, including our chief executive officer and our chief financial officer, is responsible
for establishing and maintaining internal control over financial reporting and conducted an
evaluation of the effectiveness of our internal control over financial reporting based on the
<I>Internal Control &#151; Integrated Framework </I>issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on this evaluation, management concluded that our internal control over
financial reporting was effective as of December&nbsp;31, 2010. We have not made any change to our
internal control over financial reporting during the 2010 fiscal year that has materially affected,
or is reasonably likely to materially affect, our internal control over financial reporting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>New accounting pronouncements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">International Financial Reporting Standards (IFRS)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Accounting Standards Board requires Canadian publicly accountable enterprises to adopt IFRS
effective January&nbsp;1, 2011. Although IFRS has a conceptual framework that is similar to Canadian
GAAP, there are significant differences in recognition, measurement and disclosure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have developed a three-phase implementation plan in order to ensure compliance and a smooth
transition.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Senior management and the board&#146;s audit committee are actively involved in the process. A major
public accounting firm has been engaged to provide technical accounting advice and project
management guidance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Phase 1: Preliminary study and diagnostic &#151; complete</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During this phase, we:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>completed a high-level impact assessment</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prioritized areas to evaluate in phase 2</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>developed a detailed plan for convergence and implementation</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determined which information technology systems need to be modified to meet IFRS reporting
requirements. We tested and implemented systems modifications by June&nbsp;30, 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Phase 2: Detailed component evaluation &#151; complete</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During this phase, we:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>assessed the impact of the adoption of IFRS on our results of operations, financial
position and financial statement disclosures</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>developed a detailed, systematic gap analysis of accounting and disclosure differences
between Canadian GAAP and IFRS, which will help us make final decisions about accounting
policies and our overall conversion strategy</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>specified all changes we needed to make to existing business processes</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Phase 3: Embedding &#151; in progress</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During this final phase, we will:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>carry out the changes to our business processes</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>receive the audit committee&#146;s approval of our accounting policy changes</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --><FONT
style="font-variant: SMALL-CAPS">2010 Management&#146;s discussion
and analysis</font> &nbsp;&nbsp;91<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>complete the training process for our audit committee, board members and staff</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>communicate the impact of the IFRS transition to external stakeholders</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>collect the financial information we need to create our 2010 and 2011 financial statements
under IFRS</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>receive the board&#146;s approval of the new statements</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Progress update</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We evaluated key accounting policy alternatives and implementation throughout the year and have
completed our analysis of the accounting effects of adopting IFRS. We have quantified the items in
our January&nbsp;1, 2010 opening balances and earnings for the three-month periods ended March&nbsp;31, 2010,
June&nbsp;30, 2010 and September&nbsp;30, 2010 under IFRS, subject to changes in IFRS standards or their
interpretation. See <I>Opening statement of financial position and interim period financial results
under IFRS </I>for more information about the most significant differences expected between our
Canadian GAAP and IFRS balances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Senior management and the audit committee have approved our IFRS accounting policies, but IFRS
standards are evolving and are subject to change going forward. The International Accounting
Standards Board (IASB)&nbsp;has several projects underway that could affect the differences between
Canadian GAAP and IFRS. For example, we expect that the standards for consolidation, liabilities,
discontinued operations, financial instruments, employee benefits and joint ventures could change
in the near term, and that IFRS for income taxes may change at a later date. It is also possible
that new guidance regarding accounting for borrowing costs may be issued. We have been monitoring
and evaluating these changes and will continue to do so.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the fourth quarter of 2010, we changed our choice in accounting policy relating to joint
ventures. Previously, we had planned to use the equity method to account for our interests in
jointly controlled enterprises. This choice was made based on the expectation that a new accounting
standard requiring the use of the equity method for such joint venture interests would take effect
in the near term. However, the anticipated standard has not been issued and we have opted to
continue to proportionately account for all joint venture interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We currently expect IFRS will affect our consolidated financial statements in the following key
areas:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Asset impairment</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We use a two-step approach to test for impairment under Canadian GAAP:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We compare the carrying value of the asset with undiscounted future cash flows to see
whether there is an impairment.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If there is an impairment, we measure it by comparing the carrying value of the asset with
its fair value.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">International Accounting Standard (IAS)&nbsp;36, Impairment of Assets, takes a one-step approach:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compare the carrying value of the asset with the higher of its fair value less costs to
sell or its value in use.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The difference in accounting for asset impairment could lead to greater volatility in reported
earnings in future periods. The value-in-use test under IFRS uses discounted future cash flows,
increasing the likelihood of asset impairment compared to the test under Canadian GAAP, which uses
undiscounted cash flow. IFRS also requires companies to reverse impairment losses (for everything
except goodwill) if an impairment is reduced due to a change in circumstances. Canadian GAAP does
not allow companies to reverse impairment losses. As at January&nbsp;1, 2011, we have not recorded any
impairment charges under Canadian GAAP. We have, however, under IFRS reversed portions of
impairment charges previously recorded under Canadian GAAP. See <I>Opening statement of financial
position and interim period financial results under IFRS </I>for more information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Employee benefits</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We amortize past service costs on a straight-line basis over the expected average remaining service
life of the plan participants under Canadian GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IAS 19, <I>Employee Benefits</I>, requires companies to expense the past service cost component of defined
benefit plans on an accelerated basis. Vested past service costs must be expensed immediately.
Unvested past service costs must be recognized on a straight-line basis until the benefits vest.
Companies will also recognize actuarial gains and losses directly in equity rather than through
profit or loss.
</DIV>




<P align="left" style="font-size: 10pt"><!-- Folio -->92&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</font><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IFRS 1, <I>First-Time Adoption of International Financial Reporting Standards</I>, also allows companies
to recognize all cumulative actuarial gains and losses in retained earnings at the transition date
and we have done so.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Share-based payments</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We measure cash-settled, share-based payments to employees based on the intrinsic value of the
award under Canadian GAAP. IFRS 2, <I>Share-Based Payments</I>, requires companies to measure payments at
the award&#146;s fair value, both initially and at each reporting date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect no material impact on our financial results due to this difference.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Provisions (including asset retirement obligations)</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IAS 37, <I>Provisions, Contingent Liabilities and Contingent Assets</I>, requires companies to recognize a
provision when:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there is a present obligation due to a past transaction or event</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it is probable (i.e. more likely than not) that an outflow of resources will be required to
settle the obligation, and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the obligation can be reliably estimated</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Canadian GAAP uses the term &#145;likely&#146; in its recognition criteria, which is a higher threshold than
&#145;probable&#146;, so some contingent liabilities may be recognized under IFRS that were not recognized
under Canadian GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IFRS also measures provisions differently. For example:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When there is a range of equally possible outcomes, IFRS uses the midpoint of the range as
the best estimate, while Canadian GAAP uses the low end of the range.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under IFRS, material provisions are discounted to their present value.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Joint ventures</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We proportionately account for interests in jointly controlled enterprises, such as our interest in
BPLP, under Canadian GAAP. The IASB has indicated that it expects to issue a new standard in 2011
that will replace IAS 31, <I>Interests in Joint Ventures</I>. It is considering Exposure Draft 9, <I>Joint
Arrangements </I>(ED 9), which proposes that an entity recognize its interest in a joint controlled
enterprise using the equity method. It is uncertain when the new standard will become effective.
Until then, we have elected under the current IFRS standard to continue to use the proportionate
consolidation method to account for our interests in jointly controlled enterprises.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Income taxes</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under Canadian GAAP, we cannot recognize deferred tax for a temporary difference that arises from
intercompany transactions. We record the taxes we pay or recover in these transactions as an asset
or liability, and then recognize them as a tax expense when the asset leaves the group or is
otherwise used. IAS 12 requires entities to recognize deferred taxes for temporary differences that
arise from intercompany transactions, and to recognize taxes paid or recovered in these
transactions in the period incurred.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The IASB may address these differences in a fundamental review of income tax accounting at some
time in the future, but this review is not likely to be soon.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Convertible debentures</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under Canadian GAAP, our convertible debentures, issued in 2003 and redeemed in 2008, were treated
as a compound instrument with a debt and equity component. We measured the debt component at
amortized cost using the effective interest rate method, and the equity component at the issue date
using the residual method which does not recognize future changes in value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have concluded that under IFRS we cannot account for the convertible debentures as compound
instruments under IAS 32. This does not change our accounting for the debt component, but we have
concluded that the conversion feature is to be accounted for as a derivative. We are required to
measure derivatives at fair value at each reporting date, recording changes in value in earnings.
For purposes of our transition to IFRS, we have measured the fair value of the conversion feature
as at the redemption date, and recorded an increase in share capital offset by a corresponding
decrease in retained earnings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Given the significant increase in value of the conversion option as a result of increases in the
stock price of Cameco between the date of issuance and the date of redemption, we have recorded a
$297&nbsp;million reclassification between retained earnings and share capital.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --><FONT style="font-variant: SMALL-CAPS">2010
Management&#146;s discussion and analysis</font> &nbsp;&nbsp;93<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Exploration expenses</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under Canadian GAAP, we charge expenditures for geological exploration programs to earnings as
incurred. We begin capitalizing exploration and development expenditures related to the project
once the decision has been made to proceed to development.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>IFRS 6, Exploration for and Evaluation of Mineral Resources</I>, requires companies to either
capitalize or expense costs incurred during the exploration and evaluation phase. Geological
activities are considered exploration and evaluation between the time of obtaining the legal rights
to explore a specific area and the completion of a commercially viable technical feasibility study.
IFRS 6 requires entities to choose which expenditures are capitalized and which are expensed, and
to apply the approach consistently.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On transition to IFRS, we will maintain our current accounting policy of expensing all costs
relating to exploration and evaluation as they are incurred. As we do under Canadian GAAP, we will
capitalize costs once we have determined that a property has economically recoverable reserves. No
adjustments are required on transition to IFRS.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>First-time adoption of IFRS</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IFRS 1 generally requires an entity to apply IFRS retrospectively at the end of its first IFRS
reporting period, but there are some mandatory exceptions and some optional exemptions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have analyzed the options available to us and have used the exemptions described in the table
below. This is a summary of the most significant decisions relating to the transition to IFRS and
IFRS 1 elections &#151; it is not a complete list of decisions we were required or elected to make. We
have completed our analysis and have made decisions about the accounting policies that are
available. We have quantified the impacts of these differences on our consolidated financial
statements under IFRS.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Business combinations
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is an option to apply IFRS 3, <I>Business Combinations, </I>retrospectively or prospectively. <br><br>
We have elected to apply IFRS 3 prospectively to all business combinations that occurred before the transition date, except as required under IFRS 1.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Fair value as deemed cost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is an option to choose to use the fair value of an item of property, plant and equipment as deemed cost at the transition date or a previous
revaluation under Canadian GAAP as deemed cost under IFRS. <br><br>
We have elected not to use fair value as deemed cost on transition. Instead, these items are reported at cost as determined under IFRS.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Share-based payments
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is an option to apply IFRS 2, <I>Share-Based Payments, </I>to all equity instruments granted on or before November&nbsp;7, 2002, and to those granted
after November&nbsp;7, 2002 only if they had not vested by the transition date. <br><br>
We have elected to apply IFRS 2 to all equity instruments granted after November&nbsp;7, 2002 that had not vested as of January&nbsp;1, 2010, and to all
liabilities arising from share-based payment transactions that existed at January&nbsp;1, 2010.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Borrowing costs
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is an option to apply IAS 23, <I>Borrowing Costs, </I>retrospectively, using a date we specify, or to capitalize borrowing costs for all qualifying
assets when capitalization begins on or after January&nbsp;1, 2010. <br><br>
We have elected to apply IAS 23 prospectively. For all qualifying assets, we will expense the borrowing costs we were capitalizing before January&nbsp;1,
2010, and capitalize the borrowing costs that take effect on or after that date.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employee benefits
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IAS 19, <I>Employee Benefits</I>, requires entities to defer or amortize certain actuarial gains and losses, subject to certain provisions (corridor
approach), or to immediately recognize them in equity. <br><br>
We have elected to recognize cumulative actuarial gains and losses on benefit plans in retained earnings at the transition date.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><!-- Folio -->94&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</font><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Differences in <BR>
currency translation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IAS 21, <I>The Effects of Changes in Foreign Exchange Rates</I>, requires the retrospective calculation of currency translation
differences from the date a subsidiary or associate was formed or acquired. <br><br>
IFRS 1 provides the option of resetting cumulative translation gains and losses to zero at the transition date. <br><br>
We have elected to reset all cumulative translation gains and losses to zero in retained earnings at the transition date.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Decommissioning liabilities
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is an option to apply International Financial Reporting Interpretations Committee 1 (IFRIC 1), <I>Changes in Existing
Decommissioning, Restoration and Similar Liabilities</I>, retrospectively or prospectively.<br><br></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IFRIC 1 will require us to add or deduct a change in our obligations to dismantle, remove and restore items of property,
plant and equipment from the cost of the asset it relates to. The adjusted amount is then depreciated prospectively over
the asset&#146;s remaining useful life. <br><br>
We have elected to adopt IFRIC 1 prospectively at the transition date.</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Opening statement of financial position and interim period financial results under IFRS</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following tables include our statement of financial position under IFRS as at January&nbsp;1, 2010
and our estimates of the most significant differences between our Canadian GAAP and IFRS earnings
for the three-month periods ended March&nbsp;31, 2010, June&nbsp;30, 2010 and September&nbsp;30, 2010. This
information is based on our current views, assumptions and expectations. However, circumstances may
arise, such as changes in IFRS standards or interpretations of existing IFRS standards, which could
alter the information presented below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The notes referenced in the tables are explained by the corresponding notes at the end of the
tables.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --><FONT style="font-variant: SMALL-CAPS">2010
Management&#146;s discussion and analysis</font> &nbsp;&nbsp;95<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Opening statement of financial position</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Jan 1, 2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>effect of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Cdn GAAP</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>transition</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>IFRS</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,101</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,101</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">447</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">449</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">453</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">445</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Supplies and prepaid expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">169</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">169</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of long-term receivables, investments and other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">155</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,522</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property, plant and equipment (1, 2, 3, 10)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,068</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(351</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,717</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term receivables, investments and other (4, 5, 6)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(291</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">376</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investments in equity-accounted investees (4)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">222</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred tax assets (9)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,394</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(435</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,959</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Liabilities and shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts payable and accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">503</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">505</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current tax liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividends payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of other liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred tax liabilities (9)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">763</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">764</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">953</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">953</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">258</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(258</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provisions (2)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">315</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">315</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other liabilities (5, 6, 10)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">245</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">317</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred tax liabilities (9)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(146</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,386</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(16</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,370</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(164</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Share capital (8)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,512</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">297</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,809</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Contributed surplus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Retained earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,159</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(767</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,392</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other components of equity (7)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total shareholders&#146; equity attributable to equity holders</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,844</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(419</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,425</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-controlling interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,844</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(255</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,589</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,394</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(435</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,959</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><!-- Folio -->96&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</font><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Interim period financial results</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>2010 changes in earnings</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000"><B>Three months ended</B></TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">($ millions)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>March 31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>June 30</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Sept 30</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings &#151; Canadian GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>142</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>68</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>98</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Accounting differences</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Borrowing costs<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Decommissioning provision<SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">In-process research &#038; development<SUP style="FONT-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BPLP &#151; pension and maintenance costs<SUP style="FONT-size: 85%; vertical-align: text-top">10</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income taxes &#151; tax effect on differences<SUP style="FONT-size: 85%; vertical-align: text-top">9</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income taxes &#151; IFRS accounting difference<SUP style="FONT-size: 85%; vertical-align: text-top">9</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="11" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total accounting differences</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings &#151; IFRS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>143</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>69</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>99</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Adjustments</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unrealized losses (gains)&nbsp;on financial instruments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Adjusted net earnings (non-GAAP measure)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>112</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>115</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>81</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We have elected under IFRS 1 not to apply IAS 23, <I>Borrowing Costs, </I>retrospectively to
borrowing costs incurred on the construction of qualifying assets that commenced prior to
January&nbsp;1, 2010. Accordingly, we have expensed all borrowing costs that had been previously
capitalized under Canadian GAAP. New guidance from the IASB is pending and it is possible that
our accounting may change as a result. At January&nbsp;1, 2010, the effect was a $330&nbsp;million
decrease in property, plant and equipment and a corresponding decrease in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We have elected under IFRS 1 to apply IFRIC 1, <I>Changes in Existing Decommissioning,
Restoration and Similar Liabilities, </I>prospectively to changes in decommissioning liabilities
that occurred prior to January&nbsp;1, 2010. There are no new liabilities recognized as a result of
the transition to IFRS. However, the measurement of existing liabilities according to the IFRS
standards provides a different result. At January&nbsp;1, 2010, the effect was a $55&nbsp;million
increase in provisions, a $55&nbsp;million decrease in property, plant and equipment and a $110
million decrease in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Canadian GAAP requires the unwinding of the discount (accretion)&nbsp;to be recorded as an operating
cost and allocated to inventory whereas IFRS requires accretion to be reflected as a financing
cost. The net result in the interim periods was an increase in reported expenses with a
corresponding decrease in product inventories.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>IFRS requires the reversal of any previously recorded impairment losses where
circumstances have changed such that the impairments have been reduced. We reviewed our
previously recorded impairment losses and reversed a portion of the charges relating to
certain of our in situ recovery mine assets located in the United States. At January&nbsp;1, 2010,
the effect was a $35&nbsp;million increase in property, plant and equipment with a corresponding
increase in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">4</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Under IFRS, in-process research and development (IPR&#038;D) that meets the definition of
an intangible asset is capitalized with amortization commencing when the asset is ready for
use (i.e. when development is complete). Under Canadian GAAP, we have been amortizing IPR&#038;D
related to the acquisition of our interest in GE-Hitachi Global Laser Enrichment LLC, a
development stage entity. At January&nbsp;1, 2010, the effect was a $20&nbsp;million increase to
investments in equity accounted investees and a corresponding increase in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>For the interim periods, we reversed the full amount amortized under Canadian GAAP.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt"><!-- Folio --><FONT style="font-variant: SMALL-CAPS">2010
Management&#146;s discussion and analysis</font> &nbsp;&nbsp;97<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">5</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We have elected under IFRS 1 to reclassify all cumulative actuarial gains and losses
for all defined benefit plans existing at January&nbsp;1, 2010 to retained earnings at that date.
At January&nbsp;1, 2010, the effect was a $15&nbsp;million decrease in long-term receivables,
investments and other, other liabilities and a corresponding decrease in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">6</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>As a result of BPLP also transitioning to IFRS, we have recorded our share of BPLP&#146;s
transition adjustments. The most significant of BPLP&#146;s IFRS transition adjustments results
from cumulative actuarial losses. BPLP reclassified cumulative actuarial gains and losses for
all defined benefit plans existing at January&nbsp;1, 2010 to retained earnings at that date. The
effect was a $137&nbsp;million decrease in long-term receivables, investments and other, other
liabilities and a corresponding decrease in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">7</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>We have elected under IFRS 1 to deem all foreign currency translation differences that
exist at the date of transition to IFRS to be zero at the date of transition. At January&nbsp;1,
2010, the effect was a $50&nbsp;million adjustment to the cumulative translation adjustment account
and a corresponding decrease in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">8</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Under IFRS, we have concluded that our convertible debentures issued in 2003 and
settled in 2008 will be treated as a hybrid instrument with a debt component and a conversion
feature to be accounted for as a derivative. A derivative is required to be measured at fair
value at each reporting date with changes in value being recorded in earnings. For purposes of
our IFRS transition, we have measured the fair value of the conversion feature as at the
redemption date and recorded a $297&nbsp;million increase in share capital offset by a
corresponding decrease in retained earnings.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">9</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>As a result of the changes in our opening balances on
transition to IFRS, we have reduced our deferred tax liabilities by
$138&nbsp;million.<BR><BR Style="font-size: 3pt">


For the interim periods, the adjustments relating to income tax expense reflect the tax effects of other adjustments as well as an
IFRS accounting difference related to intra-group transactions. Under IFRS, deferred tax assets and liabilities are recognized for
intra-group transactions whereas Canadian GAAP allows for the recognition of deferred tax assets and liabilities only when the
transaction is with a third party.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">10</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>On transition to IFRS all actuarial losses were reclassified to retained earnings.
Under IFRS, future actuarial gains and losses will be recognized through other comprehensive
income to equity. Under Canadian GAAP, we have been amortizing the actuarial losses related to
our interest in BPLP. As well, under IFRS, the costs of major inspections are capitalized and
amortized over the period to the next inspection. Under Canadian GAAP, we have been expensing
the inspection costs related to our interest in BPLP.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other updates</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As we proceed with our transition, we are also assessing the impact on our internal controls over
financial reporting, and on our disclosure controls and procedures. Changes in accounting policies
or business processes require additional controls or procedures to ensure the integrity of our
financial disclosures. We have substantially completed the design and implementation of the new
controls and are testing them. The transition to IFRS has not, however, required any significant
changes in our internal control over financial reporting or our disclosure controls and procedures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We conducted several educational and training sessions for our audit committee and the board of
directors in 2009 and 2010. During these sessions, management and external advisors provided the
board with detailed background information on IFRS accounting standards (including IFRS 1
elections), the implications of policy choices on our financial reporting, and a preliminary view
of the expected format and content of our financial statements and notes upon transition.
Management gives the audit committee quarterly project status updates and presentations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We began training management and accounting staff in 2008. Training is being delivered mainly by
external advisors, and focusing on the accounting issues most relevant to us. Sessions will
continue into 2011. As a result, we are confident there is sufficient expertise within the
organization to allow us to effectively transition to IFRS.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our transition plan includes the need to inform key external stakeholders about the anticipated
impact of the IFRS transition on our financial reporting. In 2009, we provided an information
update as part of our investor day
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->98&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS">cameco
corporation</font><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">presentations. In December of 2010, we hosted a special session
with the investment community dedicated to addressing IFRS-related accounting changes specific to
Cameco.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have also evaluated the impact of IFRS on our business activities in general. As a result, we
believe the adoption of IFRS will not have a material effect on our risk management practices,
hedging activities, capital requirements, compensation arrangements, compliance with debt covenants
or other contractual commitments.
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio --><FONT style="font-variant: SMALL-CAPS">2010
Management&#146;s discussion and analysis</font> &nbsp;&nbsp;99<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>o68633exv99w4.htm
<DESCRIPTION>EX-99.4
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.4</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For fiscal years ended December&nbsp;31, 2010 and December&nbsp;31, 2009, KPMG LLP and its affiliates were
paid by Cameco Corporation and its subsidiaries the following fees:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>% of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>% of</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000"><B>(Cdn$)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 0px solid #000000"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 0px solid #000000"><B>Fees</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 0px solid #000000"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 0px solid #000000"><B>Fees</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Audit Fees:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cameco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,697,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">62.6</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,739,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">48.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Centerra and other subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">256,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">978,600</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">27.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total Audit Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,953,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">72.1</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,718,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">76.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Audit-Related Fees:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cameco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">273,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10.1</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">219,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Centerra and other subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">32,300</TD>
    <TD nowrap><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Translation services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.6</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">424,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Pensions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total Audit-Related Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">337,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">12.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">693,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">19.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Tax Fees:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Compliance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">199,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.3</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">40,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Planning and advice</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">219,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">8.1</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total Tax Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">418,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">15.4</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">162,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>All Other Fees:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total Fees:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,710,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,574,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 1pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>The 2009 fees include amounts related to Centerra Gold Inc. (Centerra). We disposed of
our entire interest in Centerra in December&nbsp;2009.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Pre-Approval Policies and Procedures</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As part of Cameco Corporation&#146;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&#146;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&nbsp;31, 2010 and 2009, none of Cameco Corporation&#146;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&nbsp;2-01 of Regulation&nbsp;S-X promulgated by the U.S. Securities
and Exchange Commission.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>o68633exv99w5.htm
<DESCRIPTION>EX-99.5
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w5</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.5</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Contractual Cash Obligations</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Due in</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Less Than</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Due in</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Due in</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>As at December 31, 2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>1</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>1 -  3</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>4 - 5</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Due After</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>(Cdn$ millions)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Years</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Years</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>5 Yrs</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Long-term debt
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>794</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">298</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">496</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">BPLP capital lease
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>159</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">76</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest on long-term debt
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>312</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">85</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">81</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">104</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest on BPLP capital lease
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>55</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Provision for reclamation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>465</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">14</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">406</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Provision for waste disposal
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>38</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Other liabilities
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>374</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">374</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Unconditional purchase
commitments <SUP style="FONT-size: 85%; vertical-align: text-top">1, 2</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>1,065</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">266</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">620</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">173</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total contractual cash obligations
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>3,262</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">347</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">781</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">630</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,504</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="21" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 1pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Denominated in US dollars, converted to Canadian dollars at the December&nbsp;31, 2010 rate of Cdn$0.9946.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Virtually all of Cameco Corporation&#146;s purchase commitments are under long-term, fixed-price arrangements.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Commercial Commitments</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>As at December 31, 2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>(Cdn$ millions)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Total amounts committed</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Standby letters of credit <SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">550</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BPLP guarantees <SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total commercial commitments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">632</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 1pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>The standby letters of credit maturing in 2011 were issued with a one-year term
and will be automatically renewed on a year-by-year basis until the underlying obligations are
resolved. These obligations are primarily the decommissioning and reclamation of Cameco
Corporation&#146;s mining and conversion facilities. As such, the letters of credit are expected
to remain outstanding well into the future.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>At December&nbsp;31, 2010, Cameco Corporation&#146;s total commitment for financial
assurances given on behalf of BPLP was estimated to be Cdn$94&nbsp;million. Refer to note 25 in
the 2010 consolidated audited financial statements.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>o68633exv99w6.htm
<DESCRIPTION>EX-99.6
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w6</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.6</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the Board of Directors of Cameco Corporation
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have audited Cameco Corporation&#146;s (&#147;the Corporation&#148;) internal control over financial reporting
as of December&nbsp;31, 2010, based on the criteria established in Internal Control&#151;Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
The Corporation&#146;s management is responsible for maintaining effective internal control over
financial reporting and for its assessment of the effectiveness of internal control over financial
reporting, included in the accompanying management&#146;s discussion and analysis. Our responsibility
is to express an opinion on the Corporation&#146;s internal control over financial reporting based on
our audit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We conducted our audit in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether effective internal control over financial reporting was
maintained in all material respects. Our audit included obtaining an understanding of internal
control over financial reporting, assessing the risk that a material weakness exists, and testing
and evaluating the design and operating effectiveness of internal control based on the assessed
risk. Our audit also included performing such other procedures as we considered necessary in the
circumstances. We believe that our audit provides a reasonable basis for our opinion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A corporation&#146;s internal control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting
principles. A corporation&#146;s internal control over financial reporting includes those policies and
procedures that (1)&nbsp;pertain to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets of the corporation; (2)&nbsp;provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and
expenditures of the corporation are being made only in accordance with authorizations of management
and directors of the corporation; and (3)&nbsp;provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use, or disposition of the corporation&#146;s assets that
could have a material effect on the financial statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Because of its inherent limitations, internal control over financial reporting may not prevent or
detect misstatements. Also, projections of any evaluation of effectiveness to future periods are
subject to the risk that controls may become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures may deteriorate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our opinion, the Corporation maintained, in all material respects, effective internal control
over financial reporting as of December&nbsp;31, 2010, based on the criteria established in Internal
Control&#151;Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO).
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also have conducted our audits on the consolidated financial statements in accordance with
Canadian generally accepted auditing standards and the standards of the Public Company Accounting
Oversight Board (United States). Our report dated February&nbsp;11, 2011 expressed an unqualified
opinion on those consolidated financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ KPMG LLP

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Chartered Accountants

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saskatoon, Canada

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">February&nbsp;11, 2011

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.7
<SEQUENCE>8
<FILENAME>o68633exv99w7.htm
<DESCRIPTION>EX-99.7
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w7</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.7</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the Shareholders and Board Directors of Cameco Corporation
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have audited the accompanying consolidated balance sheets of Cameco Corporation as at December
31, 2010 and 2009 and the related consolidated statements of earnings, shareholders&#146; equity,
comprehensive income, accumulated other comprehensive income and cash flows for each of the years
in the two-year period ended December&nbsp;31, 2010. These consolidated financial statements are the
responsibility of the Company&#146;s management. Our responsibility is to express an opinion on these
consolidated financial statements based on our audits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our opinion, the consolidated financial statements referred to above present fairly, in all
material respects, the financial position of the Company as of December&nbsp;31, 2010 and December&nbsp;31,
2009 and the results of its operations and its cash flows for each of the years in the two-year
period ended December&nbsp;31, 2010 and 2009 in conformity with Canadian generally accepted accounting
principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our audits were made for the purpose of forming an opinion on the basic consolidated financial
statements taken as a whole. The supplementary information included in Exhibit&nbsp;99.7 entitled
&#147;Reconciliation to United States GAAP&#148; is presented for purposes of additional analysis and
requirements under securities legislation. Such supplementary information has been subjected to the
auditing procedures applied in the audits of the basic consolidated financial statements and, in
our opinion, is fairly stated in all material respects in relation to the basic consolidated
financial statements taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also have audited, in accordance with the standards of the Public Company Accounting Oversight
Board (United States), the Company&#146;s internal control over financial reporting as of December&nbsp;31,
2010, based on the criteria established in Internal Control &#151; Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated
February&nbsp;11, 2011 expressed an unqualified opinion on the effectiveness of the Company&#146;s internal
control over financial reporting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ KPMG
LLP<BR>Chartered Accountants
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saskatoon, Canada
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">February&nbsp;11, 2011
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RECONCILIATION TO UNITED STATES GAAP</B>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reconciliation to United States GAAP</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The consolidated financial statements of Cameco are expressed in Canadian dollars in accordance
with Canadian generally accepted accounting principles (Canadian GAAP). The following adjustments
and disclosures would be required in order to present these consolidated financial statements in
accordance with accounting principles generally accepted in the United States (US GAAP).
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Reconciliation of earnings under Canadian GAAP to earnings determined under US GAAP:</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings from continuing operations under Canadian GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>514,749</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>716,997</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Add (deduct)&nbsp;adjustments for &#091;d&#093;:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Pre-operating costs (i)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,512</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,512</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stock-based compensation (iii)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,261</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,044</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">In-process research and development (viii)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,363</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,294</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Depreciation, depletion and reclamation (ix)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,359</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income tax effect of adjustments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,558</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,881</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interest in loss under Canadian GAAP<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10,352</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,035</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings from continuing operations under US GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>514,812</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>727,843</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings from discontinued operations under Canadian GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>382,425</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Add adjustment for:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Earnings from discontinued operations &#091;e&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,419</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Earnings from discontinued operations under US GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>482,844</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings under US GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>514,812</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,210,687</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less net loss attributable to non-controlling interests<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,352</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,035</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discontinued operations &#091;e&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(61,433</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,352</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(58,398</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings attributable to common shareholders under US GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>525,164</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1,152,289</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other comprehensive income:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Comprehensive income under Canadian GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>448,470</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>974,970</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to net earnings attributable to common shareholders under US GAAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,415</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52,867</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Add (deduct)&nbsp;adjustments for &#091;d&#093;:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Unamortized actuarial gain (iv)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(75,016</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(37,006</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Unamortized actuarial gain transferred to net earnings (iv)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29,905</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(27,712</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign currency translation adjustments (viii)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,808</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,412</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Comprehensive income under US GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>356,772</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>967,531</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net earnings per share under US GAAP</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.87</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.08</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2.95</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.87</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.07</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>1.35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>2.94</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV style="margin-top: 3pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>As required by US GAAP, the company has reclassified its non-controlling interests on
the statements of earnings and balance sheets.</TD>
</TR>

</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">









</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Comparison of balance sheet items determined in accordance with Canadian GAAP to balance sheet
items determined in accordance with US GAAP:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(i)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Balance Sheets</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #ffffff"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #ffffff"><B>2009</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Canadian</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>US</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Canadian</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>US</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>GAAP</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>GAAP</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>GAAP</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>GAAP</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets &#091;d(v)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,573,299</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,381,997</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,527,741</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,258,854</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property, plant and equipment &#091;d(v)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,337,809</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,822,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,068,103</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,531,905</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97,713</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97,713</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term receivables, investments and other &#091;d(v)(viii)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">628,824</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">486,545</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">667,287</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">718,079</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,017</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,017</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>7,671,368</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>6,822,276</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>7,393,861</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>6,639,568</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities &#091;d(v)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">604,709</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">502,460</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">763,057</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">657,266</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt &#091;d(v)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">940,317</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">794,483</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">952,853</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">793,842</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for reclamation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">279,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">279,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">258,277</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">258,277</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other liabilities &#091;d(v)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244,179</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">128,264</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244,433</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117,908</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">208,044</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83,887</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">167,373</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74,907</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,276,902</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,788,747</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,385,993</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,902,200</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,139</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,040</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Share capital &#091;d(vi)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,535,857</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,522,927</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,512,461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,499,531</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Contributed surplus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">142,376</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136,183</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131,577</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,123</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-controlling interest<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,139</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,040</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Retained earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,563,089</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,439,090</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,158,506</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,024,092</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated other comprehensive income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">- net actuarial loss &#091;d(iv)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(10,142</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(10,538</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">- equity investment net actuarial loss &#091;d(iv)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(216,437</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(110,785</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">- equity investment prior service cost &#091;d(iv)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1,435</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1,772</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">- cumulative translation account &#091;d(ii)(viii)&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(57,094</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(46,895</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(50,398</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(43,005</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">- hedges and derivative instruments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">109,308</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">109,308</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">- available-for-sale securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(15,501</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(15,501</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(17,626</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(17,626</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total accumulated other comprehensive income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(24,995</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(242,810</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,284</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(74,418</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,216,327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,033,529</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,843,828</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,737,368</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>7,671,368</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>6,822,276</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>7,393,861</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>6,639,568</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV style="margin-top: 3pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>As required by US GAAP, the company has reclassified its non-controlling interests on
the statements of earnings and balance sheets.</TD>
</TR>

</TABLE>
</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(ii)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Components of
accounts payable
and accrued
liabilities are as
follows:</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">311,174</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">228,437</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">438,012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">339,390</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Taxes and royalties payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,059</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77,816</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,386</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91,143</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76,844</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76,844</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,266</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,266</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total accounts payable and accrued liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>434,077</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>383,097</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>534,664</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>476,799</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The effects of these adjustments would result in the consolidated statements of cash flows
reporting the following under US GAAP:</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash provided by operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">464,628</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">660,757</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash (used in) provided by investing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,107,501</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">255,837</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash (used in) provided by financing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(76,316</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">127,795</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Included within the cash (used in) provided by investing activities for 2010 is $nil (2009 -
$871,300,000) related to the disposition of the interest in Centerra Gold Inc. (Centerra). There
are no cash flows from discontinued operations contained within cash provided by operations or
financing activities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>A description of certain significant differences between Canadian GAAP and US GAAP follows:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(i)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Pre-Operating Costs</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under Canadian GAAP, pre-operating costs incurred during the commissioning phase of a new
project are deferred until commercial production levels are achieved, subject to time
limitations. Under US GAAP, such costs are expensed as incurred. McArthur River
commercial production commenced March&nbsp;1, 2000 for US GAAP and November&nbsp;1, 2000 for
Canadian GAAP. Differences in capitalized costs are amortized over the estimated lives of
the assets to which they relate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(ii)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Cumulative Translation Account</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to 2007, under US GAAP, exchange gains and losses of any foreign currency debt
designated as hedges of net investments in subsidiaries were included in comprehensive
income. Cumulative amounts were included in accumulated other comprehensive income on the
balance sheet. Adjustments from prior years related to this difference amount to
$12,639,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(iii)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Stock-Based Compensation</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2007, Cameco amended its stock option program, introducing a cash settlement feature
for the exercise of employee stock options. Under Canadian GAAP, options that include a
cash settlement feature are classified as liabilities and carried at their intrinsic
value. The intrinsic value is marked to market each period with an offsetting adjustment
to expense. Under US GAAP, the liabilities are required to be measured at their fair
value each period with an offsetting adjustment to expense. For US GAAP purposes, the
fair value of the options was determined using the Black-Scholes option-pricing model. As
a result of the difference, compensation expense for US GAAP purposes for 2007 was
reduced by $76,126,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In November&nbsp;2008, Cameco amended its stock option program, removing the cash settlement feature for
the exercise of employee stock options. Under both Canadian and US GAAP, options that do not
include a cash settlement feature are classified as equity and measured at their grant date fair
value. The Black-Scholes option-pricing model was used to determine the fair value of the options
as at the date of amendment. It was determined that compensation expense previously recorded under
Canadian GAAP was in excess of the fair value of the outstanding options. Thus, no charges or
recoveries were recorded under Canadian GAAP as a result of this amendment. The expense recorded
under US GAAP, while the cash settlement option was in effect, was lower than the grant date fair
value of the outstanding options. The reversal of the recovery of stock compensation costs as a
result of the use of the intrinsic value model under Canadian GAAP at a time when Cameco&#146;s share
price was declining results in an increase expense for US GAAP purposes of $1,261,000 in 2010 (2009
- - $3,044,000). The cumulative Canadian-US GAAP difference for stock-based compensation expense is
$7,454,000, of which</TD>
</TR>

</TABLE>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$2,202,000 is a permanent difference. The remaining $5,252,000 is a temporary difference and future
expenses under US GAAP will be increased by that amount.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of December&nbsp;31, 2010, Cameco had stock-based compensation costs relating to unvested stock
option awards that have not yet been recognized in the amount of $3,898,000 (2009 &#151; $3,186,000),
net of estimated forfeitures. The compensation cost will be recognized on a straight-line basis
over the remaining vesting periods of the awards.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(iv)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Pension and Other Post-Retirement Benefits</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under US GAAP, an entity is required to recognize the funded status of a benefit plan in the
balance sheet and to recognize the existing unrecognized net gains and losses, unrecognized
prior service costs, and unrecognized net transition assets in other comprehensive income.
There is no similar requirement under Canadian GAAP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the Cameco benefit plan, a gain of $396,000 was included in other comprehensive income (2009 &#151;
a loss of $4,635,000). For the BPLP benefit plan, a loss of $105,575,000 was included in other
comprehensive income (2009 &#151; a loss of $50,624,000).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The rate used to discount pension and other post-retirement benefit plan obligations was based on
the AA high quality Canadian corporate bond yield curve at December&nbsp;31, 2010, as developed by third
party actuaries. The estimated future cash flows for the pension and other post-retirement
obligations were matched to the corresponding spot rates on this yield curve to derive a
representative single discount rate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In 2009, the Ontario provincial government enacted amendments that provided for a reduction in the
general corporate income tax rate for business operating in the province of Ontario. The cumulative
effect on the income tax liability related to the 2009 adjustments to other comprehensive income
for pension and other post-retirement benefits was an increase of $9,460,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(v)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investment in Bruce Power L.P. (BPLP)</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under Canadian GAAP, Cameco accounts for its interest in BPLP by the proportionate
consolidation method. Under US GAAP, Cameco is required to equity account for its investment
and record in earnings its proportionate share of their net earnings measured in accordance
with US GAAP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(vi)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Convertible Debentures</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under US GAAP, convertible debentures are to be classified entirely as debt rather than
equity. Due to the difference, accretion related to the equity component of convertible
debentures for Canadian GAAP has been reversed for US GAAP purposes. Since all interest
related to the debentures was being capitalized under both US and Canadian GAAP, the
adjustments affected only the balance sheet. The convertible debentures were converted to
common shares in October&nbsp;2008. In comparison to Canadian GAAP, the cumulative differences on
the US GAAP balance sheet were to decrease share capital by $12,930,000 and property, plant
and equipment by $12,930,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(vii)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Income Taxes</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as
follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance, beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">43,087</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">34,487</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Additions based on tax positions related to the current year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,369</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Additions for tax positions of prior years</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,295</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Reductions for tax positions of prior years</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8,086</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,064</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance, end of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">42,601</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">43,087</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All of the tax benefits included in the table would, if recognized, impact the effective income tax
rate. It is Cameco&#146;s policy to classify interest and penalties associated with unrecognized tax
benefits, if any, in income tax expense. For the years ended December&nbsp;31, 2009 and 2010, there were
no amounts accrued for penalties or interest expense.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cameco and its subsidiaries file tax returns in several jurisdictions. At December&nbsp;31, 2010, the
significant jurisdictions and the tax years subject to examination by tax authorities were as
follows:</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Years</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Canada
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2006 - present</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">United States
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>2007 - present</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kazakhstan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2008 - present</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Switzerland
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2009 - present</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Barbados
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2002 - present</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(viii)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investment in GE-Hitachi Global Laser Enrichment LLC (GLE)</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Effective June&nbsp;19, 2008, Cameco acquired a 24% interest in GLE. In total, $94,727,000 of the
purchase price has been allocated to in-process research and development (IPR&#038;D). Under
Canadian GAAP, IPR&#038;D is capitalized and amortized over the period until the project commences
commercial production. Under Canadian GAAP, these expenditures are being amortized over a
period of 8.5&nbsp;years, with all amounts amortized by December&nbsp;31, 2016. Under US GAAP, any
portion of the purchase price allocated to research and development activities for which
there is no alternative future use must be expensed on the acquisition date. Under US GAAP,
the expense for 2010 has been decreased by $11,363,000 (2009 &#151; $18,294,000). As a result, the
carrying value of the investment is lower under US GAAP which causes a foreign currency
translation difference in the amount of $2,439,000 (2009 &#151; $5,245,000), which has been
recorded in the cumulative translation account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(ix)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Inkai Pre-Bankable Feasibility</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under Canadian GAAP, costs incurred prior to the completion of a bankable feasibility
study were deferred until commercial production levels are achieved. Under US GAAP, such
costs are expensed as incurred. Differences in capitalized costs are amortized over the
estimated lives of the assets to which they relate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>(e)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Sale of Centerra Gold Inc. (Centerra)</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On December&nbsp;30, 2009, Cameco completed a public offering of 88,618,472 common shares of
Centerra for net proceeds of approximately $871,000,000 and, for Canadian GAAP purposes,
recorded a net gain
of $374,000,000. Concurrent with this offering, Cameco transferred an additional 25,300,000
common shares of Centerra to Kyrgyzaltyn pursuant to the agreement that Cameco entered into
with the Government of the Kyrgyz Republic on April&nbsp;24, 2009. As a result of the closing of the
public offering, and the transfer of the Centerra common shares to Kyrgyzaltyn, Cameco has
disposed of its entire interest in Centerra. For US GAAP purposes, Cameco recorded an
incremental gain on disposition of $30,816,000 which represents the remaining book value of
Centerra&#146;s net assets under US GAAP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The assets and liabilities related to the discontinued operations have been reclassified as assets
or liabilities of discontinued operations on the consolidated balance sheets. Operating results
related to the discontinued operations have been included in earnings from discontinued operations
on the consolidated statements of earnings. Comparative period balances have been restated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial Results of Discontinued Operations</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The results of the operations of Centerra are presented under &#147;discontinued operations&#148; on the
consolidated statements of earnings. The following table presents the components of the US GAAP
adjustments related to the discontinued operations amounts:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sale of Centerra</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">30,816</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,603</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Earnings from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">100,419</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The incremental gain of $30,816,000 was comprised of amounts related to unamortized stripping costs
($12,819,000), previously unvalued gold ore stockpiles ($8,787,000), future income tax assets
acquired on acquisition of Centerra ($1,964,000), and previously recognized differences in the
cumulative translation account ($7,246,000). Cameco has made an immaterial adjustment to the 2009
US GAAP reconciliation to reflect the realization of the cumulative translation account related to
the gain on sale of Centerra. As a result, earnings from discontinued operations and net earnings
attributable to common shareholders under US GAAP have increased by $7,246,000 for 2009.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following table presents the components of the US GAAP adjustments related to the operating
results of Centerra:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2009</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stripping costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,929</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax (expense)&nbsp;recovery</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,426</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Reclassification of non-controlling interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54,100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">69,603</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under Canadian GAAP, stripping costs incurred during the production phase by mining companies to
remove overburden and other mine waste materials in order to access mineral deposits, can be either
expensed or capitalized given the specifics of the situation. Under US GAAP, stripping costs are
deemed to be variable production costs that should be included in the costs of the inventory
produced during the period that the stripping costs are incurred. No stripping costs were incurred
in 2009 and capitalized at Centerra&#146;s mines under Canadian GAAP. Under US GAAP, adjustments were
made to expense these amounts. Differences in capitalized costs are amortized over the estimated
lives of the assets to which they relate. In 2009, an adjustment was made to reduce the amount of
depreciation charged to earnings by $18,929,000. A charge for non-controlling interest in the
amount of $7,333,000 is included in the net loss attributable to non-controlling interests.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As required by US GAAP, the company has reclassified its non-controlling interests on the
statements of earnings and balance sheets. Accordingly, minority interest of $54,100,000 included
in discontinued operations under Canadian GAAP has been reclassified as net loss attributable to
non-controlling interest.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.8
<SEQUENCE>9
<FILENAME>o68633exv99w8.htm
<DESCRIPTION>EX-99.8
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.8</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the Board of Directors of Cameco Corporation
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the inclusion in this annual report on Form 40-F of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#150;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our auditors&#146; report dated February&nbsp;11, 2011 on the consolidated balance sheets of
Cameco Corporation (the &#147;Corporation&#148;) as at December&nbsp;31, 2010 and 2009, and the consolidated
statements of earnings, shareholders&#146; equity, comprehensive income, accumulated other
comprehensive income and cash flows for each of the years in the two-year period ended
December&nbsp;31, 2010,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#150;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Report of Independent Registered Public Accounting Firm dated February&nbsp;11, 2011 in
accordance with the standards of the Public Company Accounting Oversight Board (United
States), and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#150;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Report of Independent Registered Public Accounting Firm dated February&nbsp;11, 2011 on
the Corporation&#146;s internal control over financial reporting as of December&nbsp;31, 2010,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">each of which is contained in this annual report on Form 40-F of the Corporation for the fiscal
year ended December&nbsp;31, 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also consent to the incorporation by reference of such reports in the registration statements
(Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco Corporation Stock Option Plan,
and registration statement (No.&nbsp;333-139324) on Form S-8 for the Cameco Corporation Employee Share
Ownership Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ KPMG LLP
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Chartered Accountants
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saskatoon, Canada
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">February&nbsp;16, 2011
</DIV>

<DIV align="left" style="font-size: 6pt;  margin-top: 48pt; margin-left: 40%; margin-right: 20%">KPMG LLP, is
a Canadian limited liability partnership and a member firm of the
KPMG network of independent member firms affiliated with KPMG
international Cooperative (&#147;KPMG International&#148;), a Swiss
entity.<BR>KPMG Canada provides services to KPMG LLP.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.9
<SEQUENCE>10
<FILENAME>o68633exv99w9.htm
<DESCRIPTION>EX-99.9
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w9</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.9</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Gerald W. Grandey, certify that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this annual report on Form 40-F of Cameco Corporation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the issuer as of, and for, the periods presented in this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuer&#146;s other certifying officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e))
and internal control over financial reporting (as defined in Exchange Act Rules&nbsp;13a-15(f) and
15d-15(f)) for the issuer and have:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material
information relating to the issuer, including its consolidated subsidiaries, is made
known to us by others within those entities, particularly during the period in which
this report is being prepared;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures
and presented in this report our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by this report based on
such evaluation; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosed in this report any change in the issuer&#146;s internal control over
financial reporting that occurred during the period covered by the annual report that
has materially affected, or is reasonably likely to materially affect, the issuer&#146;s
internal control over financial reporting; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuer&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the issuer&#146;s auditors and the
audit committee of the issuer&#146;s board of directors (or persons performing the equivalent
functions):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely
affect the issuer&#146;s ability to record, process, summarize and report financial
information; and</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any fraud, whether or not material, that involves management or other employees
who have a significant role in the issuer&#146;s internal control over financial reporting.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: February&nbsp;16, 2011
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ <I>Gerald W. Grandey</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gerald W. Grandey</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer<br>
(Principal Executive Officer)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.10
<SEQUENCE>11
<FILENAME>o68633exv99w10.htm
<DESCRIPTION>EX-99.10
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w10</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.10</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, O. Kim Goheen, certify that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this annual report on Form 40-F of Cameco Corporation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the issuer as of, and for, the periods presented in this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuer&#146;s other certifying officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e))
and internal control over financial reporting (as defined in Exchange Act Rules&nbsp;13a-15(f) and
15d-15(f)) for the issuer and have:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material
information relating to the issuer, including its consolidated subsidiaries, is made
known to us by others within those entities, particularly during the period in which
this report is being prepared;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures
and presented in this report our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by this report based on
such evaluation; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosed in this report any change in the issuer&#146;s internal control over
financial reporting that occurred during the period covered by the annual report that
has materially affected, or is reasonably likely to materially affect, the issuer&#146;s
internal control over financial reporting; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuer&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the issuer&#146;s auditors and the
audit committee of the issuer&#146;s board of directors (or persons performing the equivalent
functions):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely
affect the issuer&#146;s ability to record, process, summarize and report financial
information; and</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any fraud, whether or not material, that involves management or other employees
who have a significant role in the issuer&#146;s internal control over financial reporting.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: February&nbsp;16, 2011
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ <I>O. Kim Goheen</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">O. Kim Goheen</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice-President &#038;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Principal Financial Officer)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.11
<SEQUENCE>12
<FILENAME>o68633exv99w11.htm
<DESCRIPTION>EX-99.11
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w11</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.11</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CERTIFICATION PURSUANT TO<BR>
18 U.S.C. SECTION 1350<BR>
AS ADOPTED PURSUANT TO<BR>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Annual Report of Cameco Corporation (the &#147;Company&#148;) on Form 40-F for
the year ended December&nbsp;31, 2010, as filed with the U.S. Securities and Exchange Commission on the
date hereof (the &#147;Report&#148;), I, Gerald W. Grandey, President &#038; Chief Executive Officer of the
Company, certify, pursuant to 18 U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the
Sarbanes-Oxley Act of 2002, that to the best of my knowledge:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:31px; text-indent:-0px">By<I>:</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ <I>Gerald W. Grandey</I>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Gerald W. Grandey</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">February&nbsp;16, 2011
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.12
<SEQUENCE>13
<FILENAME>o68633exv99w12.htm
<DESCRIPTION>EX-99.12
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w12</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.12</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CERTIFICATION PURSUANT TO<BR>
18 U.S.C. SECTION 1350<BR>
AS ADOPTED PURSUANT TO<BR>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Annual Report of Cameco Corporation (the &#147;Company&#148;) on Form 40-F for
the year ended December&nbsp;31, 2010, as filed with the U.S. Securities and Exchange Commission on the
date hereof (the &#147;Report&#148;), I, O. Kim Goheen, Senior Vice-President &#038; Chief Financial Officer of
the Company, certify, pursuant to 18 U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the
Sarbanes-Oxley Act of 2002, that to the best of my knowledge:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ <I>O. Kim Goheen</I>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: O. Kim Goheen</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Title: Senior Vice-President &#038; Chief Financial Officer</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">February&nbsp;16, 2011
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.13
<SEQUENCE>14
<FILENAME>o68633exv99w13.htm
<DESCRIPTION>EX-99.13
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w13</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.13</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form 40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Operating
Properties &#151; McArthur River/Key Lake&#148;, &#147;Operations and Development Projects &#151; Uranium
Operating Properties &#151; Inkai&#148;, &#147;Operations and Development Projects &#151; Uranium
Development Project &#151; Cigar Lake&#148;, &#147;Mineral Reserves and Resources &#148; and &#147;Governance -
Interest of Experts&#148; in the Corporation&#146;s Annual Information Form for the year ended
December&nbsp;31, 2010 dated February&nbsp;16, 2011 for the McArthur River/Key Lake, Inkai and
Cigar Lake properties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the McArthur River/Key Lake, Cigar Lake and Inkai
properties,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Alain G. Mainville</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alain G. Mainville, P. Geo.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Director, Mineral Resources Management, Cameco Corporation</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.14
<SEQUENCE>15
<FILENAME>o68633exv99w14.htm
<DESCRIPTION>EX-99.14
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w14</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.14</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form 40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Operating
Properties &#151; Inkai&#148;, &#147;Mineral Reserves and Resources &#148; and &#147;Governance &#151; Interest of
Experts&#148; in the Corporation&#146;s Annual Information Form for the year ended December&nbsp;31,
2010 dated February&nbsp;16, 2011 for the Inkai property; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the Inkai property,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Charles Foldenauer</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Charles Foldenauer, P. Eng.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Operations Director, Joint Venture Inkai Limited Liability Partnership</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.15
<SEQUENCE>16
<FILENAME>o68633exv99w15.htm
<DESCRIPTION>EX-99.15
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w15</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.15</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form 40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Development
Project &#151; Cigar Lake&#148;, &#147;Mineral Reserves and Resources &#148; and &#147;Governance &#151; Interest of
Experts&#148; in the Corporation&#146;s Annual Information Form for the year ended December&nbsp;31,
2010 dated February&nbsp;16, 2011 for the Cigar Lake property; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the Cigar Lake property,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Grant J. H. Goddard</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Grant J. H. Goddard, P. Eng.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
<FONT style="white-space: nowrap">Vice-President of Saskatchewan Mining North, Cameco Corporation</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.16
<SEQUENCE>17
<FILENAME>o68633exv99w16.htm
<DESCRIPTION>EX-99.16
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w16</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.16</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form&nbsp;40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Operating
Properties &#151; McArthur River/Key Lake&#148;, &#147;Operations and Development Projects &#151; Uranium
Development &#151; Cigar Lake&#148;, &#147;Mineral Reserves and Resources &#147; and &#147;Governance &#151; Interest
of Experts&#148; in the Corporation&#146;s Annual Information Form for the year ended December&nbsp;31,
2010 dated February&nbsp;16, 2011 for the McArthur River/Key Lake and the Cigar Lake
properties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the McArthur River/Key Lake and the Cigar Lake
properties,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">/s/  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Lorne Schwartz</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lorne Schwartz, P. Eng.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Chief Metallurgist, Major Projects &#151; Technical Services, Cameco Corporation</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.17
<SEQUENCE>18
<FILENAME>o68633exv99w17.htm
<DESCRIPTION>EX-99.17
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w17</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.17</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form&nbsp;40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Development
Project &#151; Cigar Lake&#148;, &#147;Mineral Reserves and Resources &#147; and &#147;Governance &#151; Interest of
Experts&#148; in the Corporation&#146;s Annual Information Form for the year ended December&nbsp;31,
2010 dated February&nbsp;16, 2011 for the Cigar Lake property; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the Cigar Lake property,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">/s/ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>C. Scott Bishop</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">C. Scott Bishop, P. Eng.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Principal Mine Engineer, Major Projects &#151; Technical Services, Cameco Corporation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.18
<SEQUENCE>19
<FILENAME>o68633exv99w18.htm
<DESCRIPTION>EX-99.18
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w18</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.18</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form&nbsp;40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Operating
Properties &#151; McArthur River/Key Lake&#148;, &#147;Mineral Reserves and Resources &#147; and
&#147;Governance &#151; Interest of Experts&#148; in the Corporation&#146;s Annual Information Form for the
year ended December&nbsp;31, 2010 dated February&nbsp;16, 2011 for the McArthur River/Key Lake
properties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the McArthur River/Key Lake properties,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">/s/ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Gregory M. Murdock</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gregory M. Murdock, P. Eng.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Technical Superintendent, McArthur River, Cameco Corporation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.19
<SEQUENCE>20
<FILENAME>o68633exv99w19.htm
<DESCRIPTION>EX-99.19
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w19</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.19</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form&nbsp;40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Operating
Properties &#151; McArthur River/Key Lake&#148;, &#147;Mineral Reserves and Resources &#147; and
&#147;Governance &#151; Interest of Experts&#148; in the Corporation&#146;s Annual Information Form for the
year ended December&nbsp;31, 2010 dated February&nbsp;16, 2011 for the McArthur River/Key Lake
properties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the McArthur River/Key Lake properties,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">/s/ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>David Bronkhorst</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">David Bronkhorst, P. Eng.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Vice-President of Saskatchewan Mining South, Cameco Corporation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.20
<SEQUENCE>21
<FILENAME>o68633exv99w20.htm
<DESCRIPTION>EX-99.20
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w20</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.20</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Annual Report on Form 40-F (the &#147;Form&nbsp;40-F&#148;) of Cameco
Corporation (the &#147;Corporation&#148;) to be filed with the United States Securities and Exchange
Commission pursuant to the United States Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to reference to my name and my involvement in the preparation of, or
supervision of the preparation of, scientific and technical information in the following instances:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the headings &#147;Operations and Development Projects &#151; Uranium Operating
Properties &#151; McArthur River/Key Lake&#148;, &#147;Mineral Reserves and Resources &#147; and
&#147;Governance &#151; Interest of Experts&#148; in the Corporation&#146;s Annual Information Form for the
year ended December&nbsp;31, 2010 dated February&nbsp;16, 2011 for the McArthur River/Key Lake
properties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the heading &#147;Mineral Reserves and Resources&#148; in Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operation for the year ended December&nbsp;31,
2010 dated February&nbsp;14, 2011 for the McArthur River/Key Lake properties,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(collectively the &#147;Technical Information&#148;) in the Form 40-F, and to the inclusion and incorporation
by reference of information derived from the Technical Information in the Form 40-F.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also hereby consent to the incorporation by reference of such Technical Information in the
registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco
Corporation Stock Option Plan, and registration statement (No.&nbsp;333-139324) on Form S-8 for the
Cameco Corporation Employee Share Ownership Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Sincerely,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">/s/ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Leslie (Les) D. Yesnik</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Leslie (Les) D. Yesnik, P. Eng.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>General Manager, Key Lake operations, Cameco Corporation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February&nbsp;16, 2011</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>o68633o6863301.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863301.gif
M1TE&.#EA>@!9`.8``#$L*ZN[S!`F=K?$T_/S\0\B=/KY^<K9Y866LGJ+J]?B
MZ_;V[O/Y^?[^_!0H:>KR]>3N\E=FD2@X=`XB:V1SE<O(Q`T>;KNWM/K\_)JJ
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M'J.QQ'ER;M;3T/W^^-/;XD-3A%503I61CT1`0!\O:/CZ\QDM=?WW^/#O[@T+
M"Q,0$/W]_?W]_/S\_/O]_?O]_/W\_/O\_?W\_>KO\?[^_O___R'Y!```````
M+`````!Z`%D```?_@'^"@X2%AH>(B85^?G^,C(*0CC`F>X^-BIF:FYR=GHDP
M&'\E)2PE=HPP6V\,6FH)#%`D'9^UMK>XAGXP?PT-C'=^OFA!6A(6;A]]3SNY
MSL_0AWY8?T)"#9%V8D%E;A,"!6X925/1YN>WTPUB8M=^'7D0'T0"`A,%!0X?
M#^C]_IF0\HA!H\-/G@<('-2;X&""#`%NRAB(]*]B11AXJGGP\2/&!B(%!#0$
M%W*"A`NHZEA<>0Y&'AA^]-C)$J/(F`D6'"C$-\%-A`]6&OFYP[*HLUW3ZFB`
M4(0(G`(3HM:#$Z$,A"1V5$HRRO63GSHL&L`(DF$,G&\EQZ!```$#J4&8_[K*
M)?2(;B0_4!H<Z6:AG@`9,L9$L!&D01Q28BF!V'+)[MR*?DI@P<8("Y9=&*J0
M&+!"0,YZ^2@HV%,"RI,G=J:D^1!A0P8-.W94<33I,>02PAQ-F]P`"XD8*^XU
MC.J`[9$.\#0$<3%#PMDQR8*\\=#+]DI(E!_YPO(@`9%O(DTF@*!AB@X\010@
M4&//K\D,?<I9O][(ER!?#?08"$#/G@6&&01A!Q0[3!%$`"C<Y)D%@.4SQG@D
MW!?7?.;L<A]^OM@A!0H/064/6R3LX($)4B#@3512D025&PD$I1N%Z&`T2`,Z
M_((!`PB,(<-_WZCQ`!8[/+''`Q2,@0\XW^Q8P/\8#DBP@AH<!%/'A#`^8Z$P
M-*J"@0LK6!`25!(,P,`3+.PA100.%+`C21;`H4816G`AA10Q$,!(!RI5><YN
M6-BQQ1$,)("/!7T1,8-T4+"`D)&#VD.$!`DH$(0!&_E`70-YZKDG*5CHL04#
M"JRPICT2*+"`!U.8\($#<#PTP5ENB/9#!RRP(**EFJ*CG1X=&(#%C1FX\=!?
M$\R`1Q50:)"&!/=XQB0<X^$16QPL'/&``EQD*T4?1\``TV54YDJ(M_?I\`=&
M+,0!!0,N#&#`#@1LP!,X83:P!0P0S,!@/8`1@8`<6%SA0Q4LI%&$&JWB`\<*
M%&C!@`'4ABMN(;Y@!(/_+W$<80,%7/1V@`3@*&1!!%+H0`(&QJCYI04;2&&*
M!AKT4<9'.'T)U1B0*H#!E%M-/"-^>.`!@V_LO@F"!QA\@-8]$R!PA`?*1>"0
M#"6A8`,&IC``00(2?/<-H4D6D-,&-AS!R"\^1X+A'ULPA@4#-J@QA@M9^/!`
M!%[Z!4<`=D!M`\A4UT/$!T?4JL<#JP[Z%#Y?4CV!8&G`Y$M</5.()=K@XA$W
M=#'DX8$"*.0M-@II[,!1`LUZ.0$*4N@A60<#N/%47PN&U!Z2Q3'@QVG8"$*N
MGGX4Y&T#.[!@0@;'3+`!`UBPX,+BX%A``0\;!;&!ZF`G``,I,&PXM9)4,PX5
M_T-_[8W7$]0(TK:F?K"`P19XM&^""Q*HZ4`1#)1@0!G-@O,@`1[001]"]Q_/
M2"``E4'9=\)W#WRD:5#DLP<%CD`M:F!C?<#S$PR.@($@#$`-7I(!$3)0.`,@
MP"'V",P'?N`!+$C!#6+[FAH4H)L@S&`,#!(?3W2(HM7%0`_@RM`6V'<QL3#@
M@XP2R0`T\(0CH,YQ(@R`!JZ`A30X`(HC*XP@%*"&L-F.<:`!8U3V=H<R%M%/
MN<J#'720A&XXQ($.L($&=/"#!'C)0PYP01[0@`4;))%J,\!`;_Y`OR0!ID.'
M],M?[/$-I^FA#A?3`1HU);0C%-)5]X`#%[;0`!/8D?]Q%B"""S!P!1BXH#\+
MF<$6H."M0A)*9;!D7(-4)H`$&``*K$S;'?2P!Z9\QR]MZE@#@F!'<'A&E!KP
M@"G'P$A[%&$/._A%(=\HOO!]47Q-PP`N>3&QI-@!`PJ@@!O2M*,\ZN`*;T"=
M,4.Y1&4>@![-*A8#HFF'`ZP`'];$YY'"6)+!30$*.N"FN"+SC@YHH#OTP`<1
M`C`%J)UPG6,@H0>VH(#9J6P#,0C@%&*`-\"01)&V:V!('.`&&Y`@+[SH'?ON
M4`?\+"4!S+3'![*`M`ST;TD(2(('[!"#^MV#:E:[@@?0\(,34DT&_?M+21I8
M#P>H(0@[D&1*)R8$H3GB"5O_"$(1TC2R'[AO``TYTA@HT(<K0.$!UV,0U8JS
MA2OH(`]I@&&C2*(DM`Q+'!@XC1@RXK,IY$%HD2D!!F+`M3&L``(E@($"F'6D
M"<P0"Q[`D0/4"A4?&<`.=@A"0J+WQ1W]%#`3(`(%8G`^&:E44VC08$PP>X2M
M$<$-!\"-]9BIIIZXH`$^P$``W$#95P5`D`W0@$=H>TVH[),(*'!!X4P#O^J(
M2P<Z$(*WMO`2.Y``<6[0`@M"H;3^3>`#=?#!1N5E30&L0`%UP`(:P!D!C]JC
ML0MQ``H"$(0[L``*8OBK<W,%W08((0\:@`%R4H,0((``#Q@X@#?"-U8"B!<#
M"(!#_^T"DX`@L,!D1U!`<XAC3!2Y807TU4!ZH[N^TZ9M$$)HJ`&^D`8,Z.`!
M(!1;2%"P1#R00`I%:F"_$-`'*'@@@`080!%60,[_H"`"&5!`%MYW8DXT8`I7
MZ$`0^N!B'"6L+_<[PA;T<(38@8=8R>A#'B;CO@<,``%%2',"`B`%!MR!#Y)I
M\B;\H,TI:$!H303=COJRNC1,P5X,6!5X2N*`""C@."S`[!2RD(7RB,$.+."#
M*=XB9X#``+I"V$+S#'"$(HA-D4Z[3`D@$(&;B#0?$0@`!(Y#`C'HX`E00$,#
M[.`Z4E"ZTHGPPQ:>X%94E*`!6T(!&"%R@"/<H8FDUDE?&O_[*`H,``(,8``&
MOJD*F#0&UYF@D;DB(Y8'%$&D$GS`$9Z`'!O03$VX8Y($U!`!"E#@"QB(M]"\
M)5UL9UNE^+$#%Y@%&C@XH`P/:(`'=@"[4HM1D?\9PP9HT#:87,C$]EX$VGJ!
MC9ED(*&V(T(9&'#I;SY`"PGJ84ADX`!_2:$.'7A'^O8;<8H5!%PPL(8OH.`1
M+]%.`&J@+P9@8`<3$,`%:)+*D8A0A#X8H%;@\MW%6JZ+7\#<6WY(38)1P%1[
MN"$`#,C#$Y"%@0<$8`,X_`\1$O``$C1`,EC@`R:@SO1.N`0+1_B`L#L4%11D
M``)O\`$4['"$(!S@`S-`@01&BX'_:;3]&33Z0]<3,-D.%8`(_B+/@`@T!:T=
M8`!2P``6;GWX6^C`!UA`<$VNR"]';2``?4BF#U;_!@V\#P9/T`$4.I^+K5\&
M!G?@*%JP*5H%_.`-47TRIN[0:OG0WA8-N,*LI]$!#7\'G\8DZ0P&(`<[^(($
M+*6N\8_O%2PYPA=<!(F*!F78"^!AUKV#`22Y;PN7V*<7.[#D!E[%3X;,(`W!
M\T#O=L/^6ECH9UN``390:DPU!KV'!^:A`V@@!()@&?WW">O@+1?S!'BP!7?0
M`3&P*G\A0N.1!9Q4#7:F`7DP);8A%-/P#G]@!TE``"QH`I)@!P9``)@%#0$U
M/`V`8%A`_VY!\`',`BD0D`5B`!/>D@=Y@`$O\1AVT`&H$'4D8`!#<`(]L`8C
MT`8CD`-`H`0W8`(F<`)&8`!$41%8``6?$@`_$01XL$:Y\A4DH'XD@`0GT`8B
M,`=S(`)D0`9T,`=DT`5,P`0`0`91MQ)B`2AI$`-'T"T0-Q]WD!5W8`!40`9S
MD`)TH`).T`)>X`4O$`5=D`*:F`)D,&L6(0Q^`C,:8`>\(#'S00(^UP0BH(DC
M$`4$,&L7^`<D<`-,L(J<B`H640?!,!!H@`9BT``=\(5Z,B5)L`:/.`=A0`!2
M0A&,8``50`<I(`(D:()P03E"48W!P`@DJ!*7\0<HAUG:UAN5H_\;7_$5)(@(
MU*@(/3..=0`"5/"(*=`%.*"+B@`$(D`'('`'#K<5CU"*7^&/C&!],(&+J/`+
MNS`EDF%K6D$(=3`EZB<E,)$I+W(VWD("UW87NV"0Y0@)F.`'-4`&FC@''&``
M])@(+=`&=&`%I,B/>7(VY2@(/$,"/,,SWHB1,`%G>J`'++"0<#$EF"634?=_
M]T$-=1&44W):CY"(@C"#B3AQ'=`#F]@&2)!RIB@(!@`$=+`$=>"%=T*5[["$
M,\B10Z$2+&4`'8E]%S@47[$'EJ`2$JF-V3@4C$$E&]D!>A"4]<&12[B(/`.#
M!CD(+0`&F\@$)H!]F5`'3D`&0R`(2NG_A#7@!#7@!2FGBXU`@@9``CPP!)#D
M!P10`4[P`CSP%9?I!R:`!!=``S>0!3`@DW1A!R!``TY``UZ0!$%)%UB`)P0P
M!!=P`4-``,C1"T)Q!YWD!35P`9%I`L)YCG_`!M"HB3304@*%"!U@`C<0(8Y`
M`"%`!B(`!G`X!P"@!&;YAW>`!%0`!G30!1T``B$0AW)(!B>`)U:0G7(XASW@
MFU/2D'_P`CEPA_,)`%&`)Y?0D$A@!-JIG7@8!DB0@C'1`-@)`'10AW=(!CT`
M`L#(35`9DC?0D!,W9TC0`R+@GV>`!!P@F-_Y%1W``TR0`[;8!1=@!&#PHHZ8
M`@``FSD`````_P8.&HU-<%DP2`!*T`9MP`91P(6KZ)YR,"6/)`<G@*-`\`4U
M\`4CD`)S,`(O8`#(@0,$.@(G4`,U$`4J2@=K\`4$8)U1JHDBX()(T0EW\(XI
M8`8=8)$&P`&/"`8R:0<$T`(5``":6(=&4`%68`5.H*?Q2`9K<`%_^@)E*@(J
MZ84<(`(C,`2]DIX7.J,IURM*(`(B$`5),"4=H`30.`<]D`0=8`69"`!G4*<&
MX`5&H(D`X`28()A[NH^'B`C%J(E&P'.[<`:KF)(#E@0&H`(A2056H!+(V00A
MJ0(W()PIV*A2>@$H]P(.&@4-"4EU@`.?J@*TV0&!.@=-0`"KF14M(/^H;<`#
M/-`#CPB>6>$;=G`&XFHG?R"HG`@)=6"=FV``F9@".3`4#4`"+0"2<_`"*7$'
M6``$FD@'U;>5N\`!GUH!X<D(>:J)2D`"26"L`(`$!F"6#0D"L%JQ?I`$88"'
MDMF$\YH$9O"(:T``-`"29.`%V7@9NL@$!4L#C0"O?O@($JD)%<`$PCJ3+["*
M_VH'P/D'Q@J)<E"3$W$!_HH#<6$'0P"K3&``5J"R*M`#/3"U4PN2D/@%=U`!
M()FO22D(!'`!7R`')A`&FM@&1YHG=\FTMM@&(/`';;")(M"PPJ@)HFF6'9`$
M9_`%1G",+S`A0XN/A?"14OH"A="TFOBT./#_B&0`I(Y+A2,0N2Q*`DJ@B3WP
M(HL``SP0M_'XBA/B!SP@J")P`W^0`YLX!R"0)S>K"`WY%4EP`4#0!D9@CX6K
M!X00N&]+"(3[KX?KM"MFN2"@A<([O*):!V:@B4!@CHC`KIK8!9[+D`3`N7/0
M`D(+CRE0`;>PB&?0!(W[!0W0KU**`X6`NX/KKX9+"(B;`D][`IJ8`[F+"!%B
MNFTJ%JO+"#30MJD[(3TGOW.PF%^`M2G`!A;Y"7<@!XU(!TH``N#JKQ4`M(-`
MOKIKOKV;N%O(JHN)CHVP!NU;MW11K5@+`%:PH8Y@`/Q+O5;`N2FP!EJ)D=58
M%X3`!JN(K760%4A@_[XN3+"0^+Z"L+O82PB!2<$<4+#.^A6_H)%UL*EF*Z,\
M,)%:T0!WX`6P*@)(L(XFH,'12+H&$`+P2`<<@*:7$)?FV+I^\+`B\`+WZ0?@
M.P?SZ)-"6[`Z_`>[^[?HZ[0F0`.;V`,8:WTMA7(5$`9+0`4%"YYTVY`&<`(O
ML*J:R`%?01=)D(ES<+*.<`:PFL)+8`(4<<E^()-R\`45L*;0"``W<)>,D,9_
MZ\!MG,-W`<<V/,>:V`34:8LSFLG6U9!W<`-&,`(@X`2V"`9(H(NH@'UU\`)@
M4`%4T)QX;`@:"XD<`+0R6<.;.`*^F15Y"8-_T`%+$`9TX`0-<*$B@`,DZ?^%
M-+"PO4("UH7#@@L7<3PAZ4N827"A,IJ%3*BY;6"J!L`#92JC+P"GJ)B833"J
M5DP&9T`+@W`'UIH"8#`(=G"!7V"+<Y`#7H"QU;R$25`!8$`&5&`"=8##*:`"
MF'4'-2"]%P`#("`,?G"A^"@)=Z#+4DH#A8`#@NK*#5`#MFC0)V`%!I`$)S`"
M(L`&)H`<)S#3`,`$0R`'%=`#-QJ:VNJS0$``A-`!QTL&'%`(1.$%\#H'*E`!
M22`()&`%7]`&WED#C\"LK%JC<T"@F@@&:P``7C##94H'-^!PF'4"\*@$*><(
M=4"X*1`&(^T';'JZ=YBX!,`S!-`$UKN)>]K`9\/MK"+PGLWHJ0AL=H=0`4T`
MAY`(`&W0!5TP`CC:!F:``VA:!^4ZT]O)!BWPL5(*`$#``S7`O7)(!V'P!5-)
M`TLZGV#`!C1@`DL0!6O`GV3`!!=``/%IGH;MG4PPK$:Y!$```(4M`FO``4F@
M!V+!F5&@TV1@!$J@!"H`!B/``?DK#7<``FRP!O?8VB+0!B'``\+(""3@CG8H
MH=1K!XA*!_Z)VRI@!&%PWV%@!)*8!$!@W_AM!$9@!B!0`P".W_FM`CP@DSC0
L`W;XH2K0`JUK!^"BBT.@`@T.!@E\)YABD.X(!O>XG53``YRZN@\X%X$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>o68633o6863302.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863302.gif
M1TE&.#EA!P&$`.8``)F3C).,A8:!?=[<V9R7D<S)Q$M&1:FDG-#-QZ:@F5M6
M4[*LI?KZ^8)\=]32T<&]N.KHY<7!O')M::ZIHI&-B5%+2?CX]G5P;6ME8IF5
MD^#>VCPV->CFX[2QJ[VYM**<E<C%P<3"PKJVLM72SL[,R9:0BMC6TZ*>FV%<
M68R(A?;V]-S:UGIU<>[MZ6QH9O#N[/W\_"LF)N3BWKFTK?7T\K*NJ8N%@;Z[
MN=/0S./AX/3S\:BEH7UX=.SJYH^+B>;DX69@77]Z>$`[.H>%AO[^_LC$O;6S
ML?'P[JJFI/+Q[N[MZ^/BX:":DI62D-K8UNKIYYZ;F::CH:VGH-?3SJ.=EOCV
M]M31R]C5SU903M[<UO+Q[W=S</S[^^SJZ.+@W?#P[$5`/ZZJIS`L*^;DW]O8
MT?3SXN+?VMW:TV]J9QL7%\?$L=//R6AC8.?EXR$='?[^[_S\^_/R[_W]_?[^
M_:&;E-;4P#8Q,.KIUJ6?E_+P[>/ASL[+N:BBFMS9TI&*@____R'Y!```````
M+``````'`80```?_@'^"@X2%AH>(B8I_<W`,%A8JDBH<.98<3TI:%G.+GI^@
MH:*CI*6FIZBII3`J/6,R9AI967VU?51^N0$E!$QX4AX($'*JQ<;'R,G*RXM<
M.JZTMM+3N+G6U[I\(C@<7,S?X.'BXZ%R%GD<7M'3[+;5V/"Y)703(%YQQ.3Z
M^_S]H3`Z(*QK1[#6NW@(_0180**+OX<0(X(C8J''F8(8I1U,R''""@M$)(H<
M2?*3A1\#,V+<R#%A`#P%&)2<25.B'!UC5.ITU[+G-0`@CM0<2A3<'$HI=Z[T
MR51A`@0O0A:=2M44G!9)E2YMRC3`A"Q5PXI5!/"B5JTLN;:LX7"L6[$,_SB8
M/:LTK5J.`*9X>\NWIIP\6>EFM'N7XP((?1.+),(%PES!=0NK#4!EQ5[%F/=9
MR`F9+F')"4L4R)>Y-+@X@3L/!EUXAE#3L)/E>:PZ,NN["U[$WIV*B,7:@C_?
M3DC@!^_CH[C\!NYY>&$\7I!+7R2G!W/(PITC9-)BNG=#'*YCUUZ82?3OWUN(
M'T_^+A[CZ*6_H+U^9_;V\0CHCK^;B([4]6V%GUH+O,:?:1:8$6!P`Q8F`FD'
M*L:%#`LRV.!=!42867@5-G>A6B7LIR%?1W1HX8=<X:'#B&]9`*")!-V'XC4!
M/``'BV-Q!B-:,TXF`XY5$9'$CA[VV-0!2@`YE?\%&A!YEHQ&6A.!DD01`8%J
M,R"P()11^D$`6%32]!]D5O!@``I,7%&+%#ST$<`66T@`Q`YP7H#"`SIQV>4$
MG819DHYT22$$#S94@.<40H#1QPP33"`!"A$T6H(0!>39)5<!_.CG2"JH1H`!
M`N#9QPA`8*!H+4506LL5"H1AWZ5<)6#!IC91V)D5&,1@P`=]E(#!`:=.L06O
M:RJ@IJ6P=J4!K1'10)]6$8!0`@`&E.`&!BC$0$<?"YS:1P%8B(ILLCXQ<1FS
M^Q`!J&`4\!#`#`I0(*\$8DS0AP`8V#*!`3R2R]0`4J&K3Q7`%6&'&&)@L$8M
M$YR*0@:V"`!$O_[V5,/_B@*3(\>5P%T1@`=;5NQ3`'T<<X04**>LLA3+,LOD
M=05,$;+(/3UH3`\M38'N"TZJIF>R>'17#,X<Z4RKNCUW]C.L`60X=,Z"6"#3
M'W+$$0HDI,QZ#`/GHJ)"DTF?2'-'-T/]1P8B"`*!`J%`<<(H3Q#PAP4N*%"#
M($%@(4`A&50@P!-_<+``#8)$(%,(;Q>C7MABCXU0`%JG0G1"1@>!A"!+B/''
M"W&8P`4'))@A2`\MD&"<##+0H%M%?_3`04P:D$#X(#LT$0<6'G@`Q@L"-""L
MW((\4,$*6]CP@P$9H-&&`QX(TL8%LZ=B*^-/.MX3#D\7C??E?V3^!P4NI&`&
M_Q`-`#$E$#P(H,`2;HN0P1\XH/&'`@)<P$80;+P?-0\DF(`!"2&X@06:,`(E
M#`%X?[@!%C30`!^,0`$#8$,!)C`U+J1@!JJ0P[.HMQKK<:0&$#+%Y!!2.>YY
M3P(2^,,:=F"!#`3A#QLPPOQ",(04(.&%(##`'\10@!6(X0</<,$@R("&)(0`
M#"Y``1!D,H`+V.$,@^C!!E`@!A%8P'XGB,`-="`T$6!`%3K@8)$\&`\F6$UR
M9FN`"35GN>YAP`!V>"$6'/`'"=#0ACC48066(`,A)`$$0A0$(/\0@@K\@087
M$`$$N&`!*!A`)EPX(`Q$``2,M2`,5[##!AX@AQRJ@O]C8K0-&>,1@#:H8H3Q
M,-H$!"`3!QBRC2@XP1.@($<ZVK&&-_R#$?3(1S\.4A`XD``#'"`_!@2A`R@`
M2Q:$L"(=2``!?QB`"Q#SAS#@(`5%>($$X@`"MJ%"#@H*I2A'"0^GH0*5\#`:
M`[#@@@888$IM]`']V("%(\RQCG=T0`S4Q\L^_C&0A[S`%%00!`FX``L,J$$%
M@M"J/S1``P\`E0*:,+HP,``'%<#"@P@0A50PX$7BU`@Y$;(`5;P@`2A-J4H3
M,(!!:,`(.R"!3#0`N!=TX`9>Z``-'+"B%1S!$ERX01A,0$<'0(($7#B"$PB1
M@?>]P`A&6)8%A!J"5NJ``23_",,#DM0ZA\@!!R!@P!,NT)93J&"#(67'TL@%
M@`PFX:UPC6L2IK8/)S0`&1'P@4G)D-9QC10;(LH8,@K0@0?$K*\%62NYSB-8
M9-2`#Y#E@Q06((('@``!Q^JK8I,%353``0*@#:UH(1`Y)<GA`)%-K60G4(,9
M/"`""%C#%/C*P<W"*@(A'$4<:L#;WOJV!IJBD@I42]S4'F`"'?!`!`JP!MKV
MS+:7LB(JOE#<U+8T3!"HKG95>X`%>*`(L9VMB:#;)2D8J!34W>YUJ32&[;J7
MNY.MP7?%6Q_R1HD/7#5%>K5[70Y<X;]7B!XB?B#@47`@L*(0G3$8T(-!#."]
M$*YN_W=G\%W,`L>^1F("X$ZQW^I>EZ%#"'$.%N$"$)RB!N8LQPX>\`<X-'40
M#(@"$`@1`2R@KP5>0"$=__L'+D#!:2:(L)`E/($%4'BY"+!"9E_U5W@`@`/3
M=>^'N1<\P*U@!7(@`1.B`.42"T(.!6`"%$Q)@@_L8,0/"(%RC0,!$A3A(S<`
M@`CBH`(C$.`&-&!`G,.07VG*Q`9"&,(@'@`&'0Y"`2)X`@M.0`$HE*`)%CB!
M%@2A`06H`'Y#SK1[I=`!$41K#4M.;)/C,6(.2QEO#0`!"$A@@0J$X`\$((`3
M7)"!"\C/RW_X0?[0$(0G5``*O+8`&+!@A`N\CP)-X`$2'O^`!2@H``DUP``4
M4(`$)_P:"!05A`C8(`@9!$'0W;M```S]AR38`7!0V`(`?""`)A0@Q6!H*0XT
M3>\(&QF\LG4N3T:-C5+K]]1_R%L0@N"#%[@:U@0(`@]"8`0Q0`#73E``%)S`
M@`PL_`$H(($!2)!`!>@`#!JP'`HR9(8";"`,(6@"%DA@AQL,X#(4`/<?4B!H
M&+"A!I[LMA__L`,71)H/5S@`!Q(@4WQBNMY(A[`46.OIYAJ$W_V.LGJW1XB#
MQ]H%;(@U`72`:SDX0.4N&`(&8BWT>RX!!2M`@1PL=T]!N,$&L9X!5LVD5T'0
M?!!WSX(;P"`$-Y1`$"W8@$-H.8C_8&`!"9`R^KR3SG@A'[<&`(#Z-?R-7H"W
M<1!8"$,2#$"`="?!!&B@FXG_0`(*)($$&Q`!"CJ7@A[<4PX9P$('`HZ$%%#`
M`BG(`!"0`(<P`(4"<$#\(**P!;P+F@&HJP$86O"$9>'N"1*0X1\<D#8P%(`-
M,@0"]A;?^.YO-P%4*('D)R]U_@H""C<@1!0PD+X.=,$'6^"!#"E@-"6D($Y(
MH($`X-0!+@2A94Z``DOP!^CG!1?``D'@!#AP`>GC`$MP@%O0/()0`"@P"$C0
M48,P!2SP!P5P-P6P!<8V.R*P+"+``A3P!#1@`(##?=[7@JKU`>(W?M9`>5F#
M`S9X@SB(_P,(1@@MD`2#H!P%)@C*L1\;$X2'$!=3@X2#D#J$\`(7T&"@0`,]
M<!DJ$$(/8`/$P((NZ(),$``R2'Y^\@-0<`PTD#A'MX4N2`!>^(6Y\&2-=0Q7
M@(8MF`"1QX;6H&%O:`Q9,&0`((?5A0=U:(>YD`!"8PHPT`*(F(B*V`*E!20R
M(&0V``9!0`=\0`<2<`%]F``V@`9^$%E,4`)(1P6!*(A^8%ZHP``9<494\@01
MU@`Q(`9@4`%4L`$9M0$`P`(Q@`%"T``)4`)88`#U1@5K2(JY(%VG@(H8H8I*
MH@,1I@`84`$$P`,E$`,$@`>@L@$-P`?/2`488`=@0&\?,(R%(?\``N`XN'6*
MJ>@G<Q!A`A`#,7`!!`!9+!"+5.!W?-``=@!9SYAI"<`$MZ$`8F`'"F`-"A`$
MUR``8+`!8"``$B`$#BD$+)`+`N`WM]%9QYB.?U`#+K"1+G```X"!B<`!4#8(
M%+!>@@``/\!'B0`!L]<#34`!'!=C*1`&A?``*7`"#@$Z-T)Z$X@]I-`![Y4`
M=("/%0"-="`Q8-``]M@`&Z"/%3!D":"&K($&&X`%"F`'#=``6.`&%W`-%6``
M$@`&"M``:(`&V6*0$^D&#7`;)ED*R%@09Q0$`A`"=+D"@T0$70`!4Z,%/U"%
M'_`!#"`)-@5E?'EI,]`"R*8"LR,U%KC_=4#0;@K0`P3@`@2`!C0)3+_&`C:@
M`6S``R=@`2:0?G\``AM("D7P7A^`!B50`4P`!H^2`'R@``H0`S;`!Q?PC=KX
ME$(&`.)8&"BP`1C``EL@`#R@`%QY#5@0D5A0`;E0*"B0"PJP`6IY&V5E"F])
M$'%)9:,I1#C@`ABP`W#P!%N``11@!F!@?01``1]0DN))GDF`DD)@``N0`C*Q
M`SY)`ULP`$X@!'#`!0W0+=C#;(/0!"GP!RM`:TW``$!@`CLP"%W`!COH"7OX
M7KHH!"X`!@$0`_$W*/0D`$)P`4X98;WH'#9@`&Y@!QA@#>^(#2RP`6D0D7Z`
M`1N0"Q<J`-,)_QH!H`K7V0YQ60%9^5"`I`)"L`0TX`)A``0=P``LL`.Q)@.<
M]P<&``)(JJ0[,$<UQ`!"X`1F<`'[$0$I-`@.@`4*]@(LH#^#``,$<`%F8`!9
M%P$/H`)30P$)0`I=@%KN10>Y@@(IP`<V()L"@`<?<%`\@`>0Y0?9&)0QZ!PI
MP`;&Z0*YL*+78`,,90<VX`=@\)Q^H"LHD`98P!I2H*,8&00IX`"DJ@.`5`!I
M8``&$`-#8`?1<01'T*08(#I1ZJI_`*M66J`"$`908`.#$`8O)`@G@`43`$PH
MT`"E]0+>N0*!8P(]$`8K4&BZ@01W-0HZ\%@0Q@);2`>]R1I8X)I;,/]%C]J5
MS1D#$N`'6T";6R`$Y>@'*"";:<"<H)%BUAFJV@E(."`$62`#$3`%&]!2(V`"
M3>H"/Q*E__H'`9NKTX<%&#`E@E`#//`'*H`&*=`6.X`"/NE@8#![A"`%)'`!
M&C`#>H4$OIH<'N"'[M6%[;&N&R`$6)D+=K`%?A`$!N"N0E`!0@`$[EJSV"`&
M:RD9`4"#;AFJ:+`#1EL`08H%)V`$#7!-`F`$$@`""0`$"$"P4`H"*?"T43M'
M%``$&J`%!H`!(PD_%P":&T`'1FL%8&`#1IM^2-`"/H`"4;`#(D`X3U`#6I`!
M*7`!1@`'*2"!HU``**M=*HL?9N*CUJ"9?C#_D32*`N=JJ#][#1=0J9+!!.=5
MK\DH"#<08B$F`DL@0R80!%O`8B^PMQT`!RL@`59@!#X8!4M0NA=PNDCP!#@@
M`!QW`2=`&A;`/SG`N4,``AG`N1VU`T]@!)P+!3Y8!(!#`Q1P`I_E`D;H"2\P
MN,05E1]B`Y2+#0U`KCTR`3"P&R)@``5V`R5K#!Y``:9`!`M`O9%%A\3(%/1:
M&DR0L8-0!8Q5#$\0H:!PFNP;?N\[,HV8A\:P`E(PN."7J/_+$0<@P,M``S,P
MN,*8P#T1`$7`P,N``"A+!Q+L$U0`A1:,#!Q0P&A8N!O,$3.06Q^<"A;`ORXX
MBB7\.,R:PLA`!(_8_X)X0``OW!,+H(PR7`Q<,`'>Y[XYW!(C$#`];`P:8*=)
MAP?=.L38``!T=<3&H`)`F701[,0<89%2?`P/5F]"V<18;`T?$+U;?`I<\,":
M%I5@',:YL`9&7,;%T`<B/&12R<;;@<)P_$T1`)4N;,<_<05YK`P0`,00-J)^
MC!`ST#6!K`IST,7NY;^''`\?0$V+C`P,<++;10<(',G6$``CH,B5?$J$7%S<
MRLGQ<`"@',JJL`+%9;VF#`^6J\K+0`0/H%JN_,K8X`5O+,M37,N0!8BX#`\.
MR\O+P))\`,G!;`U2@#'$K`QS\`.&G,RY0``>W,S+L`9K',EN:,W?``</(/_-
M?@``:\#-XO``FZS-@$S.X:`"YOS*`'`%4:S.S,#.IEP"'"?/Y.`!V5S"[XS/
M^L``1>#'!!##_JP/.(##6+P`U5G0X\`%)H`'0_PN1[#+#!T._K$`+UP"EE'1
M#\$`"'#.=A@`';!A'/T0,&`"4K#/HT8`!3!I)2T1+W`#I,@R+UT2$)#2,O@!
MXUS3,V$!"(#0_%8`E\O3)$$#"."/(P440TW4);$Q1<#$UA,`?%`$/_"]3$T5
M+Q`!$$TS?``"6D#15UT4,C`#)&PD`?`!-T#)8?T6,*`%`S`#((T?`/``7D`#
M>+S6;L$`;8`#(L`'<7T7)0`,4]`#=XW7BF$!+_!C`U=0!(S"!Q_`!`!0`MVZ
M"R7`!!_`!Q,P`P5P!3]P!/%LV,8`!V\PVJ1=VJ9]VJB=VJJ]VF5P!WI0!W6P
I!VHPV[2]!["M!W=0!JN]V[S=V[[]V\`=W,(]W,1=W*.]DZ#-P($``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>o68633o6863303.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863303.gif
M1TE&.#EA!P&$`.8``.3BW:FFHMW;V8>!?>KHY7)M:5M54[*MI:FDG>#>VJ:@
MF?CX]KVYM,&]N,G&P</"PL3`O/KY^$M&15!,2,W)Q-'-R.[MZ;6QJH)]>'9P
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MTY*,A.;EY$9`/^#=UV]J9_7UY-O8T=//R69B8*":E",>'OS\^_S[^YN8D?W]
M_?[^_>+@S=G7P]73OZVGG^KHX]#-NNOJV*BBFMS9TI&*@____R'Y!```````
M+``````'`80```?_@'^"@X2%AH>(B8J'<W`1"PLQDC%6E58$8S-*$36+GI^@
MH:*CI*6FIZBII2T?%CP`"6A>9'VU?2-^N1Y'4&Y\>!!,4IVJQ<;'R,G*RXIP
M2D\\:+;3U+>YU]C71W@Y3$_$S.'BX^3EGW,14GD`7M7NMKC9\MI-%Q0I'^;Z
M^_S]HW,QQ@!X1Q#>O(/8OEP@DL^?PX<0P]6(8*%=P8O6$&K,-0(%CP410XH<
M"2I""HL8+\;;N-$#GCYS2,J<&5()#UHI4ZYDR;()A1@T@PH5!S"%M)PY=_+<
M..)`B1C@ADJ=2FI.1:18E2YE>N$)U:]@%=7X<!0K4JU;F>+X$#6L6ZEP_PC@
M-'LVK5T_?+R\W3L41`*Z=-'>U>B!@1:^B$7&>8(2<-W!:<L<L!(SL65^<7@X
M!BP8LD8="5I<'CVN1HR_FP-[OEL&1P32L)6!*)LZZ^J['>'$WIW*ZMS:MF_?
M[3",MW%1OH%S%LZZP[?CT!7-F:'<<6?F&@\<CLZ=D-7JUK$/QL.V>_<GO\$_
M%A_Y0!SST&N`2*\^*?O!*!K"W_VA<?WU]VTU@FO[Q18!;?\!&.!27S#15H%\
M13!0@JHM:-<1`$!XV1@4+F>A70HHH2%B%M#7(4;7?7C0!>^-Z-8"")ZHDXIV
MC4"$:"Y^-<>$,@9'XU9+C/%@CC19T&.%/VYUP?]V1`H5@7]'HIAD6A[8T*10
M<&@6I8]3\C2%%%?2)(6)6Q*48I?90(!CF")E62:7:&X$Q1ALCE3B9EM4L`:%
M9\9YC0:ZU1D1:H!5P(4$!^S91P,,]`'!$1Y$VL`6"@3AQA8*^HG0"%X)^I"1
MCE%@`!<DG+$$%BR<@8&C+E0Q@`Q\#$#%$E0,H*B4FO+$P&N>]@,'CW0U<`8"
M.AS`0`5@J&H+$U5PP007'.!0``FWJI0K3U#PT&L_2J3&A`<RB+`$IGVDL6HM
M%TS@0!\,^!"&#!ID>NT\$&R[3PV$`L:$`PWL(,$.M9AK2P'G&C``&QY,P(9]
M\VZD`)C&4(#'Q!17?`'_G9YJ069.#!C`@`X8M!'PN1!0<4$M$T2QQ@EG5,!P
MPPAY4,$Q&GR6H:!T@+J9`U3\\,,94(Q<BPX&4%`+"1,,8``)Y.(*,T('T&RS
MIQ'DZ]@61W``@2TX&-T'!3C<VL`1)\O[]#5EZ)=*S0CI</,'+;:@Q9"'2%&9
M*&KW!I(QW2K'!`75JM=GPQ08P_9!;@M2P`J"H&&"B)\80,`H3/3P1P5M4%'"
M'V)T+L8)@\S`Q026_\%&`_E\,/,"+.RM2@IOAG<V0GSPNO;4?TSP@"!;!&'!
M&!\D\$<"#LSP1RLI_'3Y`F.`I(02K?!@0QQ,E!#H'T]D\,$'!N1@A`\S."#^
M_P1&#,*!"P(,<`4$06"@PA\-T"!(!1FTB(J$L7LX^SQ?6%#,X?-(7.YV]X?>
MT:``)D"`!A#8!B%H@`,FR(`8_B"YQ?T!"$#00!!>$((,#(`#`1C$`W[P!PV8
MP`$/:,!KY@"!`N@G#`(H80@ZT`4CD``)2^#5`LY@!E6,*7](VI\\AO`_W.F.
M=T%@P@0T,(<`,.`/(7A``$)0!`'(X`]AL,(1Y2"'*5J``1*`PPT*,`@WD.`/
M`Y@`!T(P`)`4(0W:&H0$&+``)TS`#&WXP0F,,`;@">('C$L%AX!HEL$U+&JJ
M`*`\!'C$`J9A"Q,0!`,X(`$92'&"5@@#%K6X.RX&8/^"#R!C`((PB!>\#P-.
M:$$$1$#$#G"@$`*@@@]\-H@-=``(9Y@`XPI`0%0`BY`S$N(\1G"W4R@R&P(,
M0NF`H`(A1/(/$C@!$MIPR3]D<I-'Q$`702E*4@HB"P/X0P=8(`@?$#$#0"C$
M$JSP@1N$4Q!`&$,(!'"%*/PA`PY(10LV!DQW&+)AD[M=VVYF@Q"0X%"5>&8(
MVI#&`7S2FIK,HABH(`8);/,/H?S#*`>1`Q)^H(,_P,`"!!"$%`BB`4OXPQ6H
M0((,6$$01JC7%$.03PD((15*X&<_J?'/>3%!%3A0@%"'2M0#!'0.)3@!$#:W
M@`T(0@`G@$`"&%`$X2V`<2O_6(`9C*"!!)BAJG^800P)0$1!6($#^4C`"31@
M/"4,H45@E4(.3A##IQI/"RL80@0VP`'7F>().S6;,"%P/5-H`02(3:QBE6`_
M<\S!"!TXQ@*R(#Q4U$!+@76:,+-Q`,C9"QF_RFPP-YN-)73JL\<XD&@U2UJ.
MQ/$44B"`;&=+VR?8KDD+T.EJ>SHO^:&B`@<(KG"'RX#3-BD&JV5M:_TP,U0X
M@`_0C:YTC<HF*2376LO%1KV<*]WN\H&Z80+L=<V476QH(!7/]6YTP9N`+;AW
M"[<U1/!.4353;.\4+3!N(?(P7O*6-Q<70*]ZUQO0"01!!0@&@2(>\,Q2(,$#
MI8`#_P>*T(`0_,``E1V$&`+\`1-PH'Q(0*01;H"(!&`!"TQP;^"2R]MK19:[
M`_YN@7OY`0KD(P=%B`$$='""#S!X$#$X01:,\($(0&#(2/C`!1A@A"=BM`3E
M*\(-HE"X&2`@"C@(ZPU8D`-"Y``#<R#!"RS`A1?_P0(O"$,(5U``"'#!`CDH
MJQ2H4(1#X.`"%T"!!C30@#[CX,\4H$`%3LR$%9>IQ;DRLRG2.V#P3D`.XK,!
M`(*0(0DX(`<AZ($!`@"!!D/``%<PP`E6$((K<.`%F>1"%"3P&BIT8`(+R``)
M!B"!!0Q`#$Z@0@)>D($72,!X?UB`&`HGAPQ4N'""B``/0O\0PH*>H```R(+]
M.!#(0J`@QMC^;G#WS``(0*!K@JY`!=AP8BR\U]""%68`"DL*1JO7T3_H'`LF
M76D'%"`+#\B!JQN<K@=0Y@=7>,`5SI#)(@_@`FC@`!$F(``1_"$"@O;!`QXP
MZS04P`%U%H09J`!/`P1!`ML=1!!""#\3#"$`,[B`$10L!Q(;`@_9CGF,$8``
MBG5@N'EF``,:\&<'L('<V/WOPV#<Z!D/@M[0=(!!N<C5!FOA`1F00`\DH,TN
M7O,/2L\"$+2X`8X+8@,BX"*D9^!*'U16BX*@0CYQ8(!"C)P0&PA`%$RP`W)R
M\1`PE[G>]Q[SFM_\`'A&P0'*\-__7"A`P:=PMW<=W<LQ_(`")9"!`TPP@#D\
M(`L::#`>UNT$,3L!#CD8P-7A<(8P@$"+3Q"!`(80`@"P4@H>:``)*C"#(#1`
M$#/@@+:H``0X]"`#(]W;VP6Q`""`H`H!8$$5T.CD0N2=[]"/OGH5,`4/$+[P
M?AAZXK$-WATX51!QZ,*!?U"]';1T`S;8P2"8,"T2K,`*I!+#`XI`0D%$`0-_
M*,(.YO#L7C^V`%R@`B!@!&E`*@T!!RQ`8@Q``N=G`3W@/W_@`ETF""M0.#30
M.1L0!_.$=]+7@1U8?=B'#0@07Z-@!39P@BB8@B7@6840!V-@.UE"@@\'`*Y#
M@Y\P`Q#X_P<@@#$Z2`"%E0!4`!(+```R2`A%!DM]=0@7X(%,*'/4AVA/HVA7
MTE7XU0'`9@@,$'TZ,`!-F&T*H`-0>#92B%JID(5[5RDB(`,2\`4Z$`(^(`(8
MT`0%\(8DH`#2IP!0<'TA.`\!1H;&@`-\-P(^D`$A(`%B<"A^L$8#(`(#,``^
MH`-\IP!-`(;W80(FD"OGA0JM8`&<V(F=.`.-1204P'=^(`)<D`8Z,`4>%P0[
M\`5I<`9V*`)XH7=XZ`$!(BL3@`%^``8%T(L[X`<FX#,#L(MK1`+B$7*F0``%
MD0!,TB0)`'T[$`9O8`!?X`,R$`0^0`4A,`'0Y0,F$'-"E8<+@O\!(N`#9R`#
M:9`!;^`#LP0&(G`&9R`")B`!83`!,E``V(%LIZ",!,&,;$(`?*<#D!("9V``
M9U``7R@"5"`!=N@#8."%4!"&&Y$!,I`!01`$)/`#$W`-)/`&EN@#!?`&7.`'
M9T`%V+$YJ,"/[^"/80("SQ=S.R`"8)`&!F``(1`""H`!@Q@&2^`!(@`%,=8$
M7Z"'%J*387`&.P`&5+".8;!&89`+N>0'I1(&NB@<(_!:R;B,V^$!%WF1%*`!
MY9,(<6`#KC,$$$8(/)`%?R``B'<(-L`&\.,$47"%13"!@A`#/>`$,S,'0R``
M[Z$$DY-RI?`!![!W1!./WN@'$T`%2`G_!08P`1*0!G;870JP!!&9)&"P`P8@
M`B+0!EQ0`+(B`B$@BR1)!28@!IM)!6`@'%/`@UG9C]LQ`5TP<?-G2G_0`CQP
MA4^0`A$P`U2`!G&@!4B0`&%)`$40!Q:``@M``JZQ0OHQ!CL@5E3@`2:0!F[$
M!6TW"%&0`=MI`Q"0`05P7@T@/!$0!789"@MP;7O7!#M`!3I@AU,P`$=@ATUP
MB9,I77@HD6F1`:/R<6=``JN9!B*0!C(`!F#@`X5XB:.YFK?16:F@DN[`DHTD
M"*84`3?``5S`.$P0!!QP`PS@D4.0!1P`!!"6`T&0!B>0ED80!D&P`@%6!"[`
M4:3D!%TP!PL0_P8]=`-G(`&$X`,Q-``OL`,.8$(@(&V",`034(2)4`,0T(78
M)HE?X"<=69,B8``2(`$9X`,38`(R\`-4()-A0`4":I+"T0"A2`H06@T2&E(8
M@`$S8$H,P`5_``%G8`$B0`,)8``\X`,`\`!O,`8,UG`S4`$3T'5_$`0.,`0^
M$`<=54I.,`@18`14\`$GP`4YP*."```^H&"C]&D&@$$+P%B"(`(W13E..F!-
M<`1$V25@D*4BP`&-:)!LY`?^PE)^,%$2T`:7*!Q6\J!:*0BDLP'"&@&FQ`4B
M(`%G\`8EP*-S@`1/P*</\$H,%JU_$`=%8*B(ND,EX`)7,`@80')C0/\"!F`%
M"V``-N``F/H'FLJI00`'"2`$-A``.7`&`V`\5/!]HF`!+WFJ4W`$,#,`O^@G
MKOF:*QF;O?0'IH0!2P``9(`"0W`&P88#*0"M9,1@#D!"2M``V)I/)T`"!6!2
M@C``EL,#)J,;/'"12XD`Q"<"+^4$+T!\)V"G9I`!H*,YI``'A7FJE3F4>\@>
M'G"F:/JKN?.M`1``NZ8"#]`]]Z<$(7`#-V``,W`&`9!1#$8`GRI^AMH&+RL%
M85!Y@\`"[S,`31L`%R`%B`5&6K`!M[<#3@`$!=!<//<''-`%/^``$>`#`34*
M#>"D4+JJ/2L<B.2KL"D(`8!@"+8!$Q<!S_;_`L*3``S8`'-P!5G@0'\@!"%$
M/P-@`T400D#P3DM$"`_0!G_0`X;;!8AG!9:S`5V&!+QFESC@%6;@!"ID`S\`
MM)[`!$U8F?[ZMP&"DK"A!"UTA7^@!:AV##%@`L(K"@20L]*7JG[+N\)Q!`-[
M&19P`SU4"#.0<<6P`*5:"G'0I-!'?;8(O0M2.WZX#"40B=7WO.3+'#A`-^>+
M"OKJA$NPN^V[(&4`,?&+#!&@>-[UA/>K(GBPO\I0`P"`;5.@GP&L$6603P2<
M#'&PA)1)B0NL(GS`@@]L#.D;74T`!=97P332`/";P?95F``,PC3B`6A`PLI`
M`12,PC1R`7[%PL6@_P3V"\,JDF$T?`P-@,,TXAX[G`P$H``^;"%'D``C',2E
MX`!%O"`7L"9*;`Q2@`!-S!Y?T)91;`QT0`/L6\4U@@/%E,7%0`<7X,6`FS=B
M7`QCH`-F[!E0D`!TD,;),`<.T,5MK!$08+MRG`H'<,=V,8)[O`Q#[,<,0@!)
M',BF0`/C2\B;XEN(K`P09\=^[`%Y_,C,$`%]S,A\B,:6?`P?0,6:C`T.VLGA
M,`-L',I^T`3)2\K*,,B:K`"KS,K)4`,T,`6,W`0`<,BRW!M>L,AF#!JZO,NJ
MP`.G[,5-@`3";`XU\`3%7,1\@,S)K`]/D,DX/`(,`!31O`]?),E_>P0.@/_!
MV5P.+;`%OGR_;A/&X2S-'<#-Y548,YS._!`^S;R'98``-M",\.P/[DK$/5L&
M*)"#^1P1<%`!4(!](X``(!O0)/$$*,#.#:,#;``5"CT3-9`"*%#.LX,`1*"D
M$QT26C!54^#0/W($"$`!,X#.'3T3=)`"#5#0\U(&>,`$G)S20S$'"7`!XM@E
M1\`'$##3-$T5TX$&%_TC3>``!/#./QTA*<`&68C1D`$%'0`!:P`"P9S483$1
M,\`#)8`#&M`!?+`$.O`%1Z`5(W`$;-@$W\4`%$`#!"`%4&S5IP`',##7=%W7
M=GW7>)W7>KW7=ZT&>U`'=G`'>I`$A%W8>G`'=E`<!WN@!GS=V([]V)`=V9(]
/V91=V99]U^P&UV08"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>o68633o6863304.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863304.gif
M1TE&.#EAFP+I`.8``+:UD<^]T,VWF7F)2I9Y5U):,9&*<-G*K?___F-I.5EC
M-*R3<<6:<9I?,_K][FMS03$G)$HY,.O5J[FQJW)[0U%01JZ<BG*3=?7RV9B.
MAK2I>TYK2];6W>[1G6962]G'E7J'57UR:.?>[W--,&5H18292H:)6.G:R=%3
M1AP7-G=W5)JB<TV$94UZ8GN44M[.Y\S&PWAH5[_#GS-$-]S9R)F&7NQ0.S9.
M0XB*26AF4]C+QY:55ZB%7^GGZV5IA):(2/?NZ,[&UO#BL*.KAWMF0E%-9VAU
M4WB<?3TT/'N4261;:L.[OIR5H5B`5XFE5JJBI(I]?F:&8H$U)7.$0FN$1D)"
M(>3HS9242=[G['N?=]SAM.CAG-#7NWJF5;W'OYA#09!Z.ZRF7][>[X244M;6
MYX2<4M[6Y][>Y];>[];&UM[.WM;>YXR46XR44=;.WHR<4HV<7=;%WH2<6X.4
M7-7.U=[&W^'.S^+6[V,\(L[6WO_V]G"28??W]_;WYE9=,HB85R'Y!```````
M+`````";`ND```?_@`B"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CI(1\IZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!PL/$Q<;'R,2%/1QT
M'&[0T=+3U-76U]C9VMO<W,UTX-WBX^3EYN?HZ>KK[-7?X,_M\O/T]?;W^/+.
M9WR#9QQD\@D<2+"@P8,($RI<R+"APX?M\N0Y0^@,F8MY,&HDDY'CQHX@/XKT
M2#)DR9$F4Z)<>;*E2I<L7\J,21.FS9DW:^+<J;-GSI\\@?H,2G2H4:%(BR8]
MJK0ITZ=+HSH]*9&B/X`7LVK=RK6KUZ]@PXH=2[:LV;-HTZI=R[:MV[=P_^/*
MG4NWKMV[>//.G5A1K]^_@`,+'DRXL.'#B!,K7ER6KS_&D"-+GDRYLN7+F#,7
M=BS(HN;/H$.+'DVZM.G0G!%X/LVZM>O7L&/+UIP'2]_9N'/KWLV[=^_4JWT+
M'TZ\N/'C>6W[,X.\N?/GT*,+M]I9NO7KV+-KAZR\,W.X9L*#%_\V_'>YYBF;
M7W\]_=CU[L/&3SN?:WVO]]VR5[N?/_FN^;757VX!$E:?>]2IAAY\YY7%8(-L
M/8C6@1+.52!^%4:6X44#C@??5QUB".%9#XZ8U89;A7CB?X656*"*'+((XHLH
MSN9BC0NZN-49W2&`!7-G!"GDD$06F>*#11JIE?^$239)Y)$,?I4D&0.6Z*20
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MR-W.^V_+#U[L<J<V^THS@SE[>?'/&#=JQL\9X_RLBT0OW'*A)0)M<]-.`PU?
MU$4G'632@SYM\=&^\ALPUM_R2_3.0XX=GM40:SLTU4I?&K74;O<\<J-O'^OU
MU'+?K2V\._>M==\W_LTSUP4#?C;5X;Z9\[QBO^WXXY!'+OGDE%=N^>689Z[Y
MYIQW[OGGH(<N^NBDEV[ZZ:BG?CFAC*^M^NNPQR[[[+37;OOMN.>N^^ZWLTY(
M#XWS+OSPQ!=O_/'()Z_\\K#[/@CPKC,O_?345V_]]=AGK[SS@D"O_??@AR_^
M__CDE[_\T*V;K_[Z[+?O_OOMH_][\/#7;__]^.>O/^GR/Q^QSO_3V\H&2,`"
M>LN`"$R@`A?(0`3N[6,/;*`$5Q9!=%70@(F#5P]^=X<[3/"#(`RA"$=(PA*:
M\(0H3"$&%:9`EYWA#B+@8``U=JD&WFA?+JH8OE+5-P"&;80Y+!S-"`@X'/8P
M;1<,HJ.4V+8,TO"&0AQB%#MEQ(`!3(I+3!P3GWBS7Q7M#AL<A`C,<(<MQLMP
M:&0:&HM&-A]>4(TL;.(:Y]A%+.:+CE#,(AYU:$4NLM&.<IPA%_FXM"G6T)!I
M1.(;%7E(9<5QD(R,(Z%<!$-"C+&,2,*C)JVTR4QVLO^&GPRE*$=)2D^6<I1Z
M`^4I7[7*I;7RE9,<(BE3R:]4AJR4E10C)F')RUZV4E&^#&:G3.5(4D+IE&82
MIC*/J<R6S:B9T!PE,TL40S&:X04Z<M`+M@F?;7+SD_CQYAP!M+-DPF@K`.%`
M-[EI3CIZ$YLE>B>,KOG-08&H7NN1YR?362^P;)*?_#11-KFBS_RLLYX?`I`X
MYVF>=Y(AH/*))T(-U<X;`?2A'+*/)KU2T#WYLZ$+Q=$SP^/-D;Z3G_V\436]
M,U'V,.>E^(PI!]1@!C7`\YHUS>F@U,!3FPX3ILR9:4UO"KB8OK1O1N65A(`:
M4XP"9#TTY2E3C_K)J!*UH3G_I:E+96K5G\J4`V`%:%9#>=&III2.%[DH5IC:
M4Y^*9ZKJC.J'IHI5N7Z)J4)U:WKH:IZH7C2I0"U15[=JUL#23*T89:I2QXE7
MN[X5L("%ZE"7"EF^UM2ND>WK-<NZ6*RN5#7T?*<X$8M8FYHVM*85K6!?H-?0
M(K2TK,7F-K7*(-$Z5*&VS>TV$>O:DSKUM^GLZ3M32UK=&O>XLXTM36W+T]CZ
M]J*I7>YQ2ZL&-U2WK<I%KG9%VU8U4(FT5-HN<KO;TZ="-[GT-`-L;?K<WZ(V
MM;I=+VM#B]CA*K>\WP4N1G4;W?2"MZSBG2UYO1M0=?8VP/*4;WO_^U#[^C2W
MZM6O_WHCG$X'L[:^WC1M=P.J6S-\=J@##K&(U5"'#+/W!6X(B%98.V(U@-7%
M,)YI=^_;7.[.=!H-1G"+=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0
MCG*+$P3B(POXQ3VUKI:ORV,!#WBX(F[&C:^K9?Y*^<QH3K.:U\SF-KOYS7".
MLYR13&4N&]D-X,@S'=R0!CS[><]IJ(.@!TUH-PCZ!24FM*(7+6AHZ#G/?_9S
MH$E,Z3I4MQIIF+.F-\WI3GOZTZ`.M:B/[`8S$,(,T(B#.M*PYW!$8]!J2(.L
M,UUIGM8ATX2>M:Q)7(<X")JGNIXUGA]M74L;F\1Q2+8;DO^M!E7W.=A:EO4T
M+@T-:D/DVO@@L[6QS>UN>SL?W?UV.]K:$%,/P@Q];K:ZXZ#N8,^:W>S6M1J"
M$(WJ)EO1L79W$&2M`SH$(-]/6((.^JV#6<>:#DM8PJ-G38<^I]K7@DYVLC--
M<6#'@=[+CD8<`LWG=M,ZWQ1WM\C?[7%WK_OD\`9YIE/.<I2[/-XB?_G)=9UR
M>;<<YK*^N<KK8.B>\USE.J_YR&DN\Y8/G>A!5[G,D:YRI@]=Z$</=M*-'O6A
M%_WJ(X=ZSDLN=:[/G.13=WFUK:MUK2]=Y%JW.=>9;G:=ZWK+;%][V*O>YY^G
MP=R"X$"?-TYW::-]V1>/0SB"$(3_/,,`!CJ`P1`F``,OA"`$$^""!4(``X2'
M(`<&R$`.8A#YP^M`!CG`?`8,8(`A5#X-$B^\P\=.^%GO6]@7IW<0`O!Z6M>>
MSX2W=.O[[G?>5YW/O@\^[X$O?.(+7]C'AW;R1V[\Y2/?^<\6/M^A_WOJ5WWZ
M0V]^U+5O_>@[G_O!![_OQ;]]ZA._U(1H!O9U3?CVNY_][0\`.-1`!QADX/&,
MAX$%<J``#Y#@_R3P`"10`7[@!R2@`'Z0`5P@`RI0``Y8@#FP`C+@!4/0@'[P
M@!!H`3`0`/+'`4LP`2`X`1\H`X@G:X1'>[-'<)X'#JZ'@OM&?+OG?C(X@[MG
M@C1(=^]'_WTT6'M#)X/P5X/!YH,BEX/Z1H0]N(-&6'5(F(1#V'Y'"(0[^(,S
M*(5+Z(2\5X5+N'Q1Z'I$B(14R(56V'UI8(1,:(,W"(93:(9I6(1`&(1A.(9O
M^(51AX4\&`1XAP`<0(=Z>'@9$'`&X`$7J``JH`(%6(@%4(B!6(`*4``DH`)&
M4`"+>(@7:(`DX`<(6(@*<(D*$`)/,`%/D`$/H(@>D(DD8`0F,`%I0'LP,`%,
MP`10$`(6\`0&\'@&,`$HR(&WF(J>N`0NJ(>^^(O`&(S"^(MP.(RM9XQ.B(S*
MN(S,Z(7-^(S&6(S`*(W)"(W6B(74>(W::(P<0`AVD&RSMV_'R/^!LP<#O)AL
M`1`'M!<`G7AX0^`!.6`$DXB(](B(&&B/BBB)AEB`DJB/_%B`_W>)]9B!,@``
MEU<!!&B)`FF`(;`"0Q`"*@`%#FD`@QAZ.6`"IO>!GO@$G;@$A[>.N#A[ZHB+
M)$E[J9B-[M>+REB2Y-B+8TB-ZRB.J1B.)BF.*4F..QB2*AE_./F2.4F2-!F4
MO\B2.NF,<*B3`3"&Z;B4.!E[1!E_(]F2.$F#,5F5X5B%@0>.LT>47`F4.P@#
M.ZB.8FF5O1B2-LF5-]F3)QB3T.B5:\F6,PB4+KF515F6)7F55`F7,FB6)RB4
M>8F7,AF8=%F5?'F":N"-'&B.GL@$L<C_>`&P!+(8`E"P@1]X>$MP>190@0DY
MD)S9F9[YF:!9CZ5(B(>XD`.)@/J(FHB8`!"I`J'G?SD@F1D@@AY9E>@XF%'9
MDO%WE2X(DEWYF\#YFS19EX,9G,9YG,`9E+Z)G%TYG,BYE<5)E]+IFT&P@7*I
MG'L)F'%9G"PIDFN)G82)BU$IG;L)DMQYG<R9GNJYGNQ9EVBYG.VIGLX9GW<)
MGRQYF(.0>$$``":PD(VH`I4HB:27`QZP`@!@`)48F@JZH`SZF?XXCPOZH*8)
MH84XFBI@`$RP!.1IG/-)GQ[ZH2`:HB*ZGH>W@28ZHBB:HL!IG23)HBKZHC`:
MHS(JHO@I""!H_P&5F(D/F(D+J8D7F``(R*,$^*`-6J1&BH^82*3T>(@/**&2
MB)J0.*'V6`$&X`4EFG!8.J-:NJ5<JJ*YV:5@&J9B.J9D6J9$6:,.``45P*3V
MR*8#"8F!"*='.J=T6J?]R(]*NH_\**5^<*&/YX@7F@$`8*4E6JA$&97J>)YF
MNJB,2I*\^)Z/^J@E^:4D^:5+D(HLZ9'5*:DL2:D<R(N<RJ70V:BD6JID6J,(
M8`(*RJ;ZF*=U^JJP&JN>Z::3R*/Y*(DDD`.N20(Q8``6((*F&JS"VIZA2I0@
M2)0))X+FN(J?&(L<F0&SN8K`^JF9^IA+8`%]&)(:":R@^H'%FIS#&O^NXLJE
M;C`(:2JKZ)JNZJJN38J)]7B/!F@$F9<!OVJ."3>N^!JF6!JJR?J)`.")C/>!
M`>>12Z!Y.3";N/B!]Q<"I3<!*Q`"'A"Q_@>(%6`"#QN;T!IPYMB.GPBM(4`"
M\&@!R6H`,;!Y4$"OHQ<"O6J+M,>*(.B15^JM+DJ.69JO-GNSQXFJJNJJZ]JS
M/ONS]*BCB,BC/FJ)%\BDD*@"0W"@?5BS./NT(9JL`I!PBFD!4$`"I9F).3`$
M#^D'(;"T",JDG&BE&1"@DXBU>OJ/:EL!'E!Z$*NK6,NF"E`%)&``*X"VG5D`
ME&>.(>`';'NA7&L!LRB9T_JI5NNK!`NUBOO_M.4Z"`8`M)`;N9'K@$K:CTB;
MB8JHFO18`3D@LC`@`QRIK%AJCHO;I=_ZG#H`L_9:HD\0`Q%;B(#H`?X8B10:
MM*I9BK;KH/@(K^Z:N4?+LX6H`BO0GQ.*@9`8K9`9`XIX@8V8`8RIL4_0F/<Z
MII':HLM:J);YB1H;`*1KGZ4KHTN@L\`KN>1;ON;+F8<8@#G*JP:0`Q70D!WY
MO5S*BUMYKYPJJ=;Y!)<WB!#K`2HP>GQZO@(<P`,IKR&PF6_:IR90B?`8`]'Z
MF-PK`U0;G--KO3`[P8G)D:%+L"X+F:X9L2`;>@%9`!7@P)Y8LE`PL/*[I71@
MKH\KP#`<PS#\H$J:_XD>`'F6"<$K3)_=JL./N;'8R@2B.P$9,`1+\)"/QW^T
MRH^`*,,R3+D+BKD1^J1*.P10H`(/D`.YZL!&O*\$ZZTR8+6R":VDI[*A][\3
M```J\+H`J,65F*L)JK:&J(__AXFBQY&UN<,IVL*#8`+CZ\2`',CIVJI,2@(F
M8+<H.YLAZ+0H.K.+FG``D)F@:HYBK,4$&`-+6[8&*(!(>IJ"#,.:6Z<+Z8\/
MF`!XJ[:-6,87.HNN20$`NJ2$3(D)6IJ4>X^7R+N?>;LY``6%J\<@JG`N_,G"
M/,R0"Z7&6P`2V[;0VK2KZ\CR&P1$3*"6V+E>H,9I6YJU>Z>U>[3$++FXC/^^
M1ING;EJT>.J[?(J!H9S`DVBYV.R[J6F:V-RD#JBYD%@`G7NZODRB?"P(?MS-
M_OS/YQL#*A`"1?P$_SJ]UNG,C8JI3/G#EXG`?AO'`#W13]S)D,NJVURDK7J)
M;7NIW/NRR?JHBMJB*YR*2^`%$Q#,%+W2+.VS_[=YCP<%OOJKM*FZ(-J]OWFE
MGWBR5GNRW`J9OOJ';ZJC4-S21LVNYKO$2SJGK3J0O9H!"PR/1F"1&4"PUEF.
ME+G"'DG$9FP`A-#/1QW68LV@/.M_1C"(A[P"C0G2'XF<,"``-<V2AS<!K/S*
M]8AY!KW`2`O+M#O6?CW'?SVY^=C7AV@"T&K$*/W_LC@-M9\KBQ0YCP;@`(+@
M`"\<V)9]OD&JD$4JD,"KI+$+T[+)!*$;UYE*D2:KR"(8@A;@NMH,RP8XSYE=
MCU(\JYR9V4%*P)>=V\5LM+BMH)A;ST?;UX9L`J$7`P0=<)\:J:>+SX[ZRXO9
MM*#*!+.YP-S,CR8@V?S\Q[J]W=RMM@KP``\``H9-KT.0F5T;M`D`WN"=`-NM
MW=W]WA,MB"O`!B!0>H)KV%RKK)YH`:+]LHZ:<-%+K\4JL""]U:+]J)]K`+<L
MWW!`B)\)`BH-WQ(^X7E+PGY+I+4LQQ2^X1P^S)F=D.WLOU&-D'X+CU#P@:]8
MLK)+@)/ID4Q@`%!`H+*K_ZLEV[\W'+"/6\\/>H">">%][-X='N0K+;3\R-XU
M_+M"GN1*_LG?K+:,"*69BX`8B:#>/8]NZ@%7_(^+^+M%S9D^C@"4O>1B/N2A
M*<YR.N9HGN9`.]NG^=L*V:-W.MNVK-D0VN0/_M5`KN9Z_L]Y3LRJN>5_WM1[
M/NCE6[SM6M1;[J:X/,]PJM1&^N5A3NB2/NE`:[R7Z,IQ2NF:_K,8K;OONH]]
MWJ!?GJJAONFFGLMZ'J4%8`1#<`)68`4`L.6G/NMC#NF53>NX?J1L+MN\W=MC
MG0`4,`1<0`,'H`$,8`$'0`,K8.2YWNP4/NI@[>S2CKX)8`(+H`$6X.`;ON,@
M,/\$!\`%!R``#+``#%#N"R``!W"9C3[M[&[9MM[N\&Z);*`!`E#O&J`!`)`!
M&6W99YZ^PBL#6A#N%D#NY5[P!7\`)W"W9Q[O#+_2T%[J#3_F!6`",B``%F`!
M]2Z"0R"G$-_-B_CQ_ZX%$B#NXV[P)F_N&D#L#F[G$=_R,OSN+H_KFWCQ->T%
MD+FFCN[7\VP$*\`%&'```'#R0G_RYXX!L;[K+L_R,?^S#[_TDMZ/'$W0L^G%
M2W"W.DJ['5_H[0R0/8\!(S_T8"_T"Y#L!L"D1,WPMOWF1*N:2N_THA[A;K_G
M#AB`-6"@TIVA7F"M("@`&L`&1N[KPPS<"2@#Q"X`"T#_\&&?^`5_[B<@`R"P
M[\XNZ["<X6D;]Z_:]):OYR1@H.&^`#Q0`YF7VA-@`<?.`/BN`0X.^)^LB16@
M`R<0](H?^T3_`5:@\!H>^7N-M+5,^9D/JS#?^V.^B"IP`$`_[@3P^0LP`7R_
M^`6O`6&<`%D?PU60`A`P`2=`\K*?_<>N`2=``X^?\[1>SP]@`B9``.9/`.6?
M_NC/WI`/_*$)[>Z?Y)8.`OAN\09/^F%O`<[/!J<,"'Z"@X2%AH>(B8J$!04*
M%1`IDA$'$@R7F)F:FYR9"PL"5@`Y?@JEBZBIJJNLK:@*L+`))``2$@<=$AV[
MO!\')GX%KL/$Q<;'R(@*(`C-_PX&IJ;)T]35T["&V(32UMW:I;'?IB$6Y1,3
MEPL9&18`Z)P:H0`DX.'VW<32C561DB$T!S1T&DA0DX8#)X:0:!0-GT-O]Q(Y
M`A-&`*^+&#L(>!#LU,./($.F@F6@63-H]>RI7,FRI<N7,&/*G$E3ID=!-7/J
MU`DNF(ERY0!H`+!NW80E`C+%TW$"2!\NT6@.VDDUG!\B(_JEB##A1-*"8#E9
MT*"!A@P0?A)47<NVK=64*CO6T/`AHUT-1*9.=<NWK]^_+DV8?!85L.'#B!,K
MWHDSA@&@0"<\@<(DPU%T=)LZZ`.D,Q>XBZOB)(('@A2M%4Z<",O:(`-YA4/+
MGBE(+?]H:0]V[`CS88O=C`MLU[L]N[AQJH*=&<!YO+GSYX>9*TB`TP\)%2L$
MR`!@X0ED"Y4S0)G@!89FSGW2Z^'S>64C1]!CW51`&L*7%%HA6/#:FO4"3!9(
M8`4T\1EW"@DYQ*`""0R2H(`*)D2H`A$U?"!`7;]E5`-U*1%7X(?-)8<`82"6
M.)M>)EHUW3<D/&```-L90$`&``@@@`8+\+#`=^6$9]D2=*0G9!]Z$`D$5%'Y
M<0,2*3")Q`P58!-:-K.0X($?_$0@Q7U;HM;5C?WU)X`69\668E]I^6$"=U"$
MX$$%2'A@`"Z[?,`#`0)9E*$N=8)!A#3:G"GH;"691."@B++_-<@(?WH(XB`)
M$)#=`0=P0:D,`@#PB8P$$+`CCQ:L8\!1=#A@ZJFFZG&D6@J0`*<DL$J"1`4>
M-->B$0Y6X$<_IMF'`@JG20)!"#H$%&9K%AQ`PQ`Y)(JF'Q9P`<,2$X1:3@8"
M"<1`IPQHD"%&$@A`!#WW.&ON7R*2>.ZZ,:5%!!&=$D`"JX,^,$<\!WP````(
M>95CO)W>^:EWY3P1W@5'<3#DD$5R0>\,L48\JX.A.=CB`Q9[<&4!O$;0P*\H
M?($'K%SQ=RQ8\6"@0PCLKI6`!RL<($"UH9HPK@I@$`!&//%@:-<'/G?`P+LM
M%\T7,X8:K;0]1,0`,`$4T.N<6E)?_\<&75Q\0!8#%KQFA\PYW@DP#Q8(0'#!
M/I+G!JH+/P6+J[SZ``443,I*<<5^&&'$`WI[X(@'#90F[!<HV/!KL/C%4*RV
M)QOT@00Z/!$#$A$XNG1+"V#*G0$U3)@`=0D0<>&WNPC`PT4\C'OYZC45.N*A
MG\<N^^RTUV[[[;CGKOONO.?>ZHHPL4I"%1[$&T(43;#0Q`;`A]/[\[+'PF$I
M"83`[RU?>?*I`)9:$#8!-=10MLS?%?5CD$*RW0<-:I$`L21%,)&"W+!"`!KT
MO4N9@PHQQ*``0^\ZS<@D@8?"&0X%`\2/!7J0/?]HX@-6Z`$3(%&_`K`*?QC$
MGRSH];D5,?\O=A0``W6:)Y^89>H3G8K!N(@0C]<$S2X,:`"&/D``(EPP@SC,
MH0YWR$,-*N`")D$`[%AGG/:IY',/Z&#59C"#`NBM!5"$X@8ZZ+PI,<@`,A""
M%F[4M4SPX(L$(!M0*O&!3XR/4C/CT3K&LP0.J&]([#-%W62%!"8H(591LH?4
M`.,!(\0@!Q40AA\\0`0(0`"!]9-"X7[U!:U$0#6,X\1_-H$0(%B@`K&R3P.H
M)HL4">)61E@0@\*QIMY(0&L4B`H55R`#&7A/1B$8EP=VH#4;D4YH1."%`&IX
M02+Z<B4)<)VZ>DC,8AJ3=AN4GG5,,*_8P6(#&V#B#:#(`A9(<0/_#N*D-H\9
M.Q*88`@"."68//%%L75J8.9`"`;Z<`),"0`IY2L*J8:$*CX\Y7-^F"/\F.`#
M/-Z-F\Z,Q?[X5X$<Y(`$(R!`!/!PGQ$D,`*$6R3B4F"`8H5%``?0@1<RH`1>
MX4&1O]HDU0"J0\>(*@1*>%,%(E"!459D=*5;P+R:9T(<<6Y"\(J'C?3T+0V`
M`4-#L^$&24K4HAJ5=R0)(H&.RM2F.E.)TTF`"AY@`B6JA7GNF\$TJPE%O07R
M=]J,*D!C```K'*"+7C1GP'9$L^]8H0\8P!12TAA/-KKQ5$.R9QQ),,<BW#$%
M3XB5=<0JUF/&@@1&,"BM0DD"(C3@"_<A_UPCA0521B:P"E\:"*5T8($<Y`>D
MAE/D)COI5-Z5QP(&:),2*K!2"%3``"90P"1?PP`>U``,V93="BRD`0N$#V<+
MT.F%7O@SGG;J3Z5-KG(-&TP^*&>;RXVN#H''01-`:)0)F"(]WH2$:795!2&H
M`1$:T:`]`E0!,=B1'>S0P$N8<T<"*)8`@.(=[YR@!V@4``QL%$^C`(F>I[*G
MPV#QOA04X0E%\('\[%;%PA*3NK<JJ$%5H+$&-,`^-C!<`GV581M,%`HG.(`F
M!-"4)W@@DU(8@0$S#*P&$$"ZNE.`%JQ@!1I0JRA/@,$!`*""!`073'<"0U6E
MIP)0V$(C.Q`O#_\:&,E.--E/S5P1C*=,9=M-QW5"'&J5M_P\*2L@!"HP`(,>
MT`0J@%>%1'C3!J)@@GB);;R.R&U18P`4C*XF$V,)9[&0LE\>/8$&7&BE=MXY
MW[HF[(U"8M_G*"@K'Q0A5C.0<U$+RZ"6JB"Q%6"48W_%XLGB![0:KM\3O$+B
M$SP!D_6#0`,R3+@.VR!P(QA!,[DL.[,,6G.H)4`,R!5<L@@`##F;T(K8`#0;
M?:"V`OE!1;25K6Y=HMG0=K9/8T#K:F_YRH,QP$BMS>W9176*T`R!$<"L`A6`
MH,U/ZQ2ZTQT%$F!5RB2-P0H@,X&OV4@U7Y/9$I9`*?)!Y@D'$/0!D$+_J;:&
M2I[_31]>U]?-&T0L5DB8];8-FTTI+X0$"FJ6!U08`PN#+&12J%]$#U<_#PPA
M`XS&#T-!%MI5ARQPADQ!%;J=@`/L5RBOK(&NQ^6@'?`,1\&UT`IZ;((\":UG
M'?`9T+JE(V?#0]H,\!S-I^Y4;"?-P53O]@:6-^[4NOEI/TAWP#IE`!#@RMU&
M?<"\NU,.#2RA*4#`KPSX+=\G+*`&.H(,IF36;YM7ZVQK//3"X1A0?<)J8A,G
M:E2C:C$_&N%*>L,5$3@-,D]#H("AA4`$ZH?B%7<8@064`C\,&0%#TMP.2)E`
M;Y.L\W=13`4U"$//C&VA3WQ"($#C4W%_P`-,_T3;Z=GR4]:'?U0#./=UB2?^
MEK?>!"-00`7@2[=:Q4YV*$0ABE.T*C)YJ/;>_IL#]N2,?'&$=S>;T0(3D`$,
M="PS''WQ4^8C3Y#"OYGT=$8+5@7D#)!@R.ZV%.N*YVYP@@0$""4Y8`2Z$GE6
M\BX?]RL;1CBG44B\8AJMYFH=)C*E%W.:AP>;U"`,0FLZL%\TLP"<LW,SA40_
M<`D[E2,,`#1`<TN\H",6HA32MC67('7*9U64)G')EX.S(TS:!H`^*%T%L&8A
ML&[4)W8F4`,&8`#($T50U`1-Q09#\&\60`-\T!EG=7?4%SZ@D%$[Q@#_,C;7
M(A[R9T]\L!GUEQ[X1_\[##)(Y55:#&)X^#$#?G.`?G1Q[_(Q'^=I*?!178('
M([`EC&2!(54:$%`%^`$!(Q`!53`"'1A*&#,O241E`)$IO<4Y,J)"LU:)O>="
MQ'5+?*(C=9(4T!9)>%&)0^B&Y<:#JU@[+I)MK[A\%0`E1@`%.I>$3Q,^%_"$
M4'@!1W!];OB!QG0=[/`$3]`5&!!B[D=]`H-1_+4`NFA;\N0%=[6&Z;%.7!`U
MT.6*336'#R<L4.('EZ8"CZ`W[[)I!@0L6D$X',9B4K!JAB,R^5$%>(`'"Z5Y
MD%@EH315Q#AE,K-3Y-=Z[T(`%?$!.P`&H`@N,*@+NO`:?*(USS:1S48$JOC_
MB@J0&P"@!0<@9BTRB[:#96(&DC"&6-=W`S?@`=`W?6$4+TP8!2!P?5`8!4SP
M!%[@!5&P`:I8:;2"3;?CC;G#(.1@!ZHQ3FGU?J#P`44YAF(W?5!@AEZ`/GU0
M?YV!`:<D`VSP``\P11>Y7*YR>'-#-\)24`G`-X"$6'IS%7S8:0\541T6.&#P
M!<&B@8;$@0Y%&@LU+@]P:2W"EU5V"T"#"\>6BW1!)[^A>S"8"[:@"Q(I-L"G
M%!K`C:](50>A!;=P"SQ&DK1C+[*HF<E5B480!5'0BQMP`S.0`^$U=IVB<T[H
MBU!X!#+@!3:'DT:0?8_`))$``5#RD66)1$!Y.WLI_P.W8"P%$4ZJ$2[NQ9(M
M.3;!!0/GL`1YL(:=P8S/=B-ST)71Q5>P$C](\&B'9P15LA"AI#<%0$B;QF+L
M2%GK*`6"(RR7!X&)>(_V6)<VA"#C66X]!E!)A)W[J96QLU,7`B:]%72)F9C%
MYGYJ50-0ERUDH0'^N9DTIY78`0!<L)@28`>+*0,FH(K8Z8.Q:"B]V9O[*:(D
M.J(F6J(H>J(JFJ(LNJ(NVJ(PRI_[V02CR0(7P`+19(#ALYHFT(M-`(50V`19
M()LV!P-14)L8,P-:43\M58F52(DQ*J(/()SMI5G4J0GEU)+EI"-?B`&=00-'
MD0=3V0=6H`-<-&(','1QJ/^54/JB;AJE(^H!6A$_CI9).?`Y#E(``W666NE8
M'W-`?LA0IV%(N7EYCW@X\5D%BFI(59"1#6($UJ4"=SH[;UJI*!H[6FD"*Z`!
M*T`!6OD?.\4`!UF@O,`GB-D+0):+NP@^X7,G-7!WMI653AJBF`JGMFJI+EJ)
M%#`$,E"A%4H#%WH+&)HU!O"@2'2KR(JKR2JB0'@QRZJLT/JLTHJK_<DW>Y`%
M%W"C-XJC**E53E1V*O"C0!I%UB2D1#HM1XI8I1>.^.$!'^FDRCH+:@>@50H@
MO55O\^4)8MAT_Y%G33$D0&`&I`($&&`%&&56,K`)R>(%S-1,&..?T1JQ99ER
M19#_`0?FG?BADV5)#WO)/QZ`AP_@IR##GNT9*PNE2!YVJ`C$J(F8)3/'-^58
M;F`&I=.:HL;Z`!30,UL@!%L@``DIAI<0BJ2:$;R5(V&GBP3I!QQA00[+HC4K
ML9:*1/Q"`\"J`\&*H2=@"Q\@`\$!L4_[M1);EB()L5I9MF9[MFB;MFJ[MFS;
MMF[[MG"+MFNV`D-0MT>PK2W0K4RD51M`KN,*I$>@8P$``S)PI!L@I["B8$_0
M3Y)PFM4:MV:[JY;QG)Q@(U]#,&CT"4:)"20&!$4"!&E8?QP0IGI@(P0K"N&4
M/1CE%"MP,60+N;";MOGT<$@`!?4SJ?!Z:2VE(*(DLJ5!_X^I=JBL=H^_PJ@9
M6`4SP%(D0`$Y\``#!5ZX(J6QR[9(Y)\[(Y!W0A?#-;1[HA'[JJJ["+ZL^@`*
M\+*-\+!E6Y;I^P`@4+W3^[YNJ[X4(#X(@;57&Y#C,P2O"[_\V[_[.;;^&\`"
M/,!JJ[Y*T@)'4+=#<`349)JF*4U]VP+6Y+?5-,%&<`26<@!/L`)[0P(.!RM+
MT"0+UJZN&[MEJ0(G=QE>,%^@0&)H=`"2`10'L03K@'XV<@!6``2FDAZ#IP>C
M^U\34%8.``2]Q2^5L$[9N`+P2L!QJYV20!EUA+$1A[8=K*<*XC\>\``=1P"E
MT0`I,`)RZ8"/R&+XR(&!LZBD5_\!,1!(X]E'^+DWZLO$ZQLZL:>"+WADI<J]
MNR!.&O!%XJN+NSA5I:"5YQNB#[J7*P``URG'_HL=&L"$H("ADHR_OF8+,K`@
MC)S):PN$^ZO)GOS)9)NC&W`$1U#!$ER:6@7!$^RWK-P"%P``*P`""U*61J!/
MCW9@>+0W9AO'\;N7H3(!04`'''`"3-$#!:M^&=5G0.$..#8!`J##.XPJV'@"
M\[0=/>``&#`$!+,$3J$'.ZS$7@O*:.O!AY=@&.M:SGJV]'`=Y68*Y1:R#>!8
M*5"!"&2/((,'BNHWI:>H$:`QNI+%_)-8[_S)T@L&O2:TW,N829$C?_S'@$P`
M4Y4`!>#_G^=+Q6$&`%6X`BO`!ALJSFV;`""`40=@6YXBTOQ5#EQ3-NOE%<7:
MR1X=P`#\TC*MR7ZPMQO`5=B7R@X<P1(,A3C=!,WG?!M;MDX,*TK`3_[TN)`K
M52D,`SW@%&.J!V9EIKW%`P;P*4!1&1:P!#!`)#Q,3T,RNE'9!T&\3D`07]4"
M`)[[U>`\T^-,AX=W@+R\RQUKCA6`GR&K0@SU>:51!0W``UF1B.Y:!<*P4JQU
M4-91;KM6PAZ]`SOU@GM\J@9Z(]^SHV+GT$G8.80LHA6MOF$V!/OR!`H<RVY]
MMIY]$.RU`%#@*64S7Z[=VI5PH6E:VDP<T[1]V_QK!`4@3>.*_\H.?`,17,$3
M;$W09!VZ[*F>JI6U'"M,8+N95`'^2P'K@(Q+T`=\<-UD:C;2"#"O"AGKP`1+
MX`5.$<V#EQ[4#)U]L`0`\-1``'`T`]7UU[JX7;8>`-=(H#=QZ\[O/$CP\J<V
MT$B)R"B(V,]$8%`L12L%T%+CB2L9Z=9SD0G&-K0S.(8LF8LZA]FZ:%U:^3\X
M^SD5[2+[4K<KD`$A\+!3-=\2^JKA=`#2:`#=TC5Y%D[K%9`X@N+^R\DVGN-P
MJS<*H%51N`&15YH/#-S4]-,;4`!+$@$69-K*C6I-$@0^X`-_U21*Z[\A8!E/
M(`/V1\P"P)1/DW?7`MY>D(9?K7!"<O\&\E>Z3]`9EF2FY;!.:]C6MQTUB;5_
M,3<K!QBW1@`+]SE(\,R'@_JR6-+/"5+H6&)I8S;?/N=[G(O0=:(U1OO0D@[(
M)N"I9;GD91L,\JN5($"WQ<K8\PU[>.?"%D``=19.$A!B%H(.8R'G.@Z[PI0!
MKS[K;0N>"A#4:*LD3!3<Y:HW"Q$!P`[L!7`K9YL#?=6=&#L#NMR_*O`$.D!C
MX=)>=U+A._+=X4WF:G@J&+`9.@RF_R4#&I##&)`L--,VKC[?N.(!V(18L+O.
M_:@"47+B1`!L"M"RPQX#'L!2&Y<#*BFIUR$(-KX#P05\V1+A1U:T8#3I"L_=
M!!"IR3VB+]O_G^0%LP8PVAH-`CDNZG@W`912#B(]G/S50C:R`[0>N[%>\BB?
MME2PMA2P$#.P=2T`U+@>LB00[,%.*R7\>$L*<1?S\+`[H32@ZDWF1:JYFJ#P
M!!D@YO:DANDC)$XAUK)I`4-@!61B`%S`14B<'E9P[J6-W!00>1C308*@*U'R
MSX/4*AZ(A^!5*U%`!<O.,?VL`(KES^7VO*^>`"$T%\WF=-UB(_NZ\(!OV1"M
M`L^GMI[J".JL`!Z0`:"-T1:PT1UMX[#7Y6&4+,,98C3>H.&D$9V:\F]+`;;M
M^:*OE0__\-"$WV=+`:KO*E7`4C?OKF6+@+A9/TB0Y_R[`C1@L/6*_Z7FI.),
M`00ZD/37SO1XA8U@Z@5/,%6::ET@`.YO#E=6(`,&0/@^[]9[D]QOV`BLM?W<
MW_W>G^!R_WAN+*G6X0?]/`+#SN]58&D(R#>IG^,Y"W7/EBW2F#,Y`_B2GHOE
M5OBD#P@/@H.$?GX)"0\))$890RN/!@9&@HF$EYB9FIN:E"HU&@(+-3P6!Z<"
M`A:KH1\2$A\:&BN<M;:WN+8&"+P(M+G`P<+#Q)P4%`_(Q\F"RP]4S='/TX(*
M%1'8V1$%AP]&2D5(*1!(%4:4TLZW%`83=@<:#/+S]`OS"Z$G0'K\>G093);`
MX-.GH(."?0[VP4!C@H4G$PQ(2P:"@`$+5O^X##&A@I*Z8B#/*;)6H:3)DRA3
MIKSAH62.&!YB&O$0880'$AL\Y""A0D4,$GZ,J+A%"1W(2X@L#4+V8$H\!O&B
MRHNW@(#5JUBS:MVZ5041(@_`'F,ZMBFS9(@**'B@P-!0%2;FL&'SH*>?HT>-
M?N*QX("%&C46I+*@*E4K`:T`K&"*M_$P=KT<T/KHN+(M"CV-4(D"`L2>"WM`
M1#$R5ME9D*8S,5;&F!#C:]JTE?1#@DCFI65QLR[-FP*;)T-DG/A`3YZ]!19"
M2<"0,*$>(`FY9'BRQ$M"A04Q8."R8D"S`:DQ40!APEGKH[V;I3?_@,3*"$CB
MRY]/OSZV:R9SQ,S_42$'_PA5Z*0?"3>1X)]1Z=7"&S"E/>#';#<510$!LD`U
ME53Q<*6AAC^8@`,.8("@`G_QS5"!!U%$@^!2FR@P%`60#`$`",C0EIMENI&U
M6ET&?+#`#Q\(4`,4JS`@@"L2(*;!!QT($>0."^(HY27'[,*+'I/UIN667';I
MY9=:MJ="%G-<<$$69X*V1Q0-[@;FFW!NF<R(L,46FUHD)-/:%+F]>=$J3QP@
MP5/T"'`"!OM<UP<00!#D@'0!#:0=<]MMI*>;<EY:5IR<AJDG,VT58)*)]95J
MZJE(1!`32AZHT))*)7%S"`FTYJG>@E'&N901[IU4`)XJ8/B45%5A50,!_\=J
MF&Q68&"&C`H5(`%!"M2F4`YIFK[9'C(#R+6""F,(HD(!F';J9;8Z"F*""4LR
M`(H%!!`F:`=*"O!*+%`M0`$5Y9KK[[_'K!!9E@`7_"^_QQ1P@Q%G'F&FPV9&
M@?"^!E<L)U,%5&'GQK,M,DA/<?ZY"F$G',```!\<6E"C?"B$@15`'.0`#=-5
MMU!&*XA8UXZW9FHQP.UY(*I)\*%J]-'QF?1JT??!"JL?"BA0*ZVN31PGPN<8
M\>!)-Y1$A%3S8,C`AEL=:\*Q%("A`F_05NLVM>;TZV4B%)A`W@I&E(=,`73_
MS&6VGZI@P(]!\E"#`8<=9MB2L.AKM=^0<YE!+_]\$!SYY:51P:\1%<QP0PL7
M1"%Z%"PTT4(332SS..8&*_*@QAO;J7$%!<2$2#1:KLW.R",_H<.AC!:D1Q]\
M\(%!R85945`>``GDQ1!L.`LTZV_R2E))12.MO=$1E+0]?DZ?Y($A4=<J$IR\
MTNK'JRIY$`(^4`U[#]E;<:1[;RHH(`ZU2$#AP_X04,`4T/6EJ*E@+@98P0K@
MX(P"](QZS3#!#G"0#(L(@`$_2(4!*"0+)L%"%D>2`+UF03'J05!@O)`,`4WX
ML\W=X`8SV$`+6$##&K*@!>=@(>:L$;L><NQ$'E#`3:1&*Y$]X2$/H<'PAD<0
M/@#!"@"@AP4`<()'U6S_`O?3X>4ZPA:4;.^+8`SC?,)G$E&9$6H;P,G4:!6U
M7Y&1:-F(008N6"$+C8TK@`&,5=0&IAFX;0)%8((/JC6#+,+)0128@PD>`9?Q
M)`-J%$C`IGPFMR^QZP"Q>!9@8L$##8QB`1\0PA:49"0GR4(6^M(BZU;`ARLM
M1I68>P`,;[`!&]KP=*N#9<%40`(>^O"7/O3`='B71`>TC'@$T8&]YF$OY7'G
M`L$9PHMT";"U9<8(.7C0TL3(S6YRLWMO#*=*3@6![M4@?E$IUE6.50,3$(`C
MY3'DW_Q(K2+X(!QN0P)I.`4>/X#``"!@PPKF0B,^44!J4P`!NL0E(MWE"$Q$
M_V"##+1PBD&IP"(+X$'AD#5%Q"Q@`8,[)9.$((!74M-O*$2`9$[JMRDD8`:>
MJZ4M:7BZ?;(43OS*)6:,X$M@^C0;%0@!,2U``V/*["!^$8"@5%80`*C@GP"U
MYDWC9,T'[`0EV4-:]\`ISJW.(`)?]:98Y7,?KH8/&ZD*8_=B8`\+U0\N\OR2
M$:9%+1\\00D9&"3_2.`OMJQ`$@,=:(.@9E`MK4`Q-!I+8;W4$WQX\@.8_$`L
M#I>*'RP)I!7B`5^0HX$.B)`X#'#<5`W&REZ8=+3_FH("8$K+F=*T!1-;+&IY
MH[E<4H%//1G1@WX:FU1M3(Z\*VIS$.(7"TR@!XXB"/\`CF&$`M1JA;-M$!NW
M9I+MF56<9-SJ6+<[UJR62E4\,(Y65*"VN)9F"NCES5RKI81!!K):$""!;.'$
MB'^RH3-Z*TL"_'`,V;)A"!-XQ`(9^"80[```J`A,"#\@@U%TTD<?K<$1^;**
M5!Q)24'ZEDZC^Z64KA0\'-;2?"E@4,[!M`4HGJ$MFU#0$'>)"EE$[Q2LUA%7
M\1:8%:C!R.P0/(18P2%#P,AUF`.`&,`D)3%A1%QEK%@9.YE+3GZR8JG0&6=E
MK9<J\:[1G&8-J+4%*&IAW]"P^U68<O?,7YR!?$P4MP&P`0X@&`!X1LPI(^S/
M6DQ`@@^@4"U]DMA<;"B`"A3_N"XVR%,!#AS/>.8@(P`,X=&/*$]B13R6)9T"
MDQI0,&*2`P`-/+@J%XE?*.EEI`]L80OT6H`*-NQB$:<42W]N=9,WE=XI&('1
M%?A<BF>:NO3*NC>UI<``"CN%86,&*'7J[8UC$X-5T,!15H"!`6@B5``HCU%6
MD$$.X,-FIT'MN4)96T(GS9N$FAL$YMY2E7>:/O7!2LNHZIJ8*R"UK!FA,[D5
MD4>008E:M<408SY1=J.%YH+3)P)=*TE]^11E7Z>V;=4JPA/^5ZT*B+M3(-B(
MBTR0P)SQAD8/<.X#3````,C@$8R,-9V%/1;!".K2F<8'/D(H`+X<(*.$"662
M-$"8_WO)P@*J9O6,:TOTV<[8PXL9=L.7SO2F._WI3!]+`D!,8A4,@0LMN('H
M4,QK*H!8W%`/N]C''O5C)+8]%8#=LM&*8P/\;@(AH(DV/$#4$SPA!'6R3_C&
M+*I>TFHGC#"?-P9?E#7N9">B>A!ULPS&ZU:`5CF\[9-Y^2O2U#J]5&=*K?B#
MD@VDI`@5`#WH3X*-L!I<>XXWB5!(C%ZEHYOL35=!".[\-FL9`?:^7E=Y2&`W
MN)![@"`.N0)$A)G_>GP\Z"XHDUL_%L`H%9,'Z(`G"?-\R7X@#)HETH5Y_M'!
M`/VC"P"!YG!/_O)#_=6+,;_Z<;\,<K&^;EZ`004NX(4L</^]AC-L@N03JH+U
M^Y_LXS$40*%VRG9C2N,!(S`"%:"`V1!W:.5;V>`^<O>`W%,.V&42BY<2&1A.
M\(8T&JADN=5PX^$',\`?53!\9L=D2L=_N95;5U8KAD`[X>-Y618M'>A-38-D
M)T$:B;6")+:"Z@=C.4![?98#R@=[OD$C:[,6R$=\BC8%N@,"?F<$"00<D+!`
M+-=T%(`#%``*+G=I07(DEX9)AD$*R?%]/)`!J_!1@X,<X?=_<$A^5(!TPH9>
MKW>'=IB'YK:'>,B'>MB'@*B'=9A8"E`%#R!GX+$",O`$%3`!7!`%N_9:G,%Z
M_5=K?9A0K.>'FAB(F_B'>EAL3';_##WA'CV45CA6`;21)[D%!@W0B@TP`J\X
M`GC`6V,5+24Q>J-W@;<8>B=1#F+5;?FA9.*7?$ZF=$8P`_<&`OS1$9[P5$[8
M4%JC.\.V;@W2;KV433F@%C)8$NSC-#=X<+[5/F3D`4+Q>KX699R8CGHXC232
M9TA@A)4H8^IX;J!H=B;`-V-198E%(_CV3X[`!#(2">>%CJ$("J(@`!T`?6,8
M?:=P?:)`)!9@.,B!&*%5"J$@"N*'CIEH4$TWCQ[IB9VHB2E5.77XB2:YA_)(
MD$YFCB?)DB@)?,4&'ADS=>-A`C(@`QD0`C3`B/=W0RC&8JWW5*`XE"B9#'+V
MDDCIDDJI_Y(IR7K@,0`]T5.Q`X$<<Q,Q`#)S9FP/X(I<V8H)^%-C!`5BR01*
M<'IF:2H?F(STB([)MVT)165",0-58"+0(BH>T!E"D0,ST!GG^(,Q.6R(>%M4
M8&]3$S6*MXW<J#07V(T"%RNH&$2B0H,\X9*:F)1,>9+H!6/8I!/E>%N=88Y+
MV9'(=U!\PX^*!I5*F'&.)F`&,`=/I0`IR'2)=2RBP`//!WV0U9!D^!>=!'2M
ML',Y=VH8>90-YWKZ:#=_N9*7:9G*V9PIV7!(IP*`B8C469W6>9W8F9W:"1Y3
M%Y,44`4G.(TKP`5']`0T8`2ZEF(I!I1V2(S329VJ=8CON9WT6?^?B-@3'D"`
M/P6>W#"9#25L2D><8#"@`]H`1-"*!VJ@LJ@-$)A6\Q$#:7`"SW$&!G"69PE.
MJV((PEA0Z/:>[1F3)7&4^$8"(3"$(0`!V%0%V(0$:M8?30&%<0:*^EB<G]F$
M#;4VZ,!&J+BC`2<^XL.8#R(KWV8@-$@[))"1?VF?2HJ(;"E^E3@`_9BD]!F3
MZ19G`Y``W#`G4+H,?B!H<59H(#`'Z)4(GWB4T_D)1$`*!PE9";F09+@`4'`1
M1Q)*01(*@K(%L3`+)B!CUMF>_Q0<7```;/"42UJH]CD%*>4+5FJHC%JHWUF'
M<L:?<D9R`)`!&>`%$Y!K,W0!+&`F$1/_H^,F9P(DI<.F%J#8J(8*H!20GVMG
MI,[XF=3)H=.9I"!"H*R(H"-0@`<'!4#0`_JP*)EJH4?SC60%C(Y97WQ)J@D5
MH,2IEW;8I79V`^5@HBI02%60`U!@BSSQ`!879^/1*_=V;TS*)P.0:#_(K-,(
MC>DS/C(8I!60$XS9KI`G%%#:&?S1$I/9>LN*JMOY>H#)I\;)J``+I;<E;.CF
M=TF1"$.1`$^E0(Z6=!3@3P`ZGUN*`^Z4IJE@F];7`;FY:7!*`$1B:OC""A_0
M:0"0).%'G/`I9_\E`USPLBXK`]UAIOS*KX@Z,(M:LSIKG0E0!0E@I2K`G^.1
M`0<```9@GDW@_SE1<`1,V[1'$!JM9Z6/FK-R]IWD8J511K%+VGI,6J]:HY\,
MNC$BYXQ]JK75Z77_.@7-4J!>F:O*1E89,`%0```ZP"A`L`1#**QB9*PE43Y\
M!:M=BYU<"YAUB4TE6!)XUQ\S$`)&$`&S%P)0$!,E*(45P!D)Q3DD("HQ8''C
M,B+D"`*&V%!\:9V?&6>=064X*A+>P`A90P$\"*N=$:N\4@`;,+$[>ZAF2ZI*
MFJ3*FGRQ.@`FH`#W]E<K(!?)MQ8QNK*(:+$\D*9\@2RW6:=`5PIP:I&>E%%$
M`@"I(`$Z<``E!:K5F7PK<`!<X+(O"[-#X`)4>KN&BG3L^[Y0VK,%8/^Z#P`!
MX`D7@?)7U?%",]`$#N.T#M.AU/D`H1N^05O`X-$4":R[A<JU(D**4VDGC]=_
M-,N^5CJ@"?J*I8@$<;L`&6``,M`#C`(#LZ>WPVJ!)P$U]&8@I*&SH,BM+A$%
M>ADM,]`2('",LR=[-[!M1A`""J`$,0H"UD`C!M(_'C`#2E`2BUM(G%<!`DRU
M6UNHG4$KM@N_5GS%U$D!1PI8`25G(N)`]7J=6VA9"[`#HA`#1"`8=1I:H,:&
M[P)2I6!<$P`#!R`#2S`!C@8"ZDNZ^`6H,7N^@3H&B`C%6%R=2$?(A:RD0EP%
M!6`"6PH@53!H,```)F`!>7`$GA-#%P#`#K/_!];I!Z&;LS0"GD<JJGX`I2%7
MQ:CZP&GG0W4RP<XXL%=<JU_QBK/86R5A7(B1`Q=1MR<0N8QYH?C!52VQ*BU!
M/CM1CK%[NR[@FOWX5,QXB!%[`;8(`7JI!"$PN5[<'Y\Y>WHYA$_E!]Y<`=A\
M`])9;(A\Q?A&98G<SE;L!X-V6(_FQ32""+&[S/?Y`V'0`3-'`$1``.`'`/1"
M8<DQ"FNX"A.@`PHM`S!``R?0$(]``2YPG?@5`@8``(`,R#+P!P;KSM>9J#/K
MT84:O.!IN@E03HT\!#"P`AG@LD<,4QNPR9R\!Q,]R!GC3Z),P"<89V,`RJ**
MP/RJQ<D&'T2M#54P_\&EF\X[6]/C6J!?*1LA$+<6M@HA$`-+<`*)VXU)7,R-
MJ8L^RHU%4,Q<71(;4&_*S-1F:ZB\RZ16F@0Q&:8]$0(@\"K(.,C\P3G^9!(@
M``%VTQE(4);E8,V.',8>G=0B?=B-.M$W[`>08`)L,`8X8*5"[$!V$[[,&P;'
M`G[(@@]UJ@&"`G2'`R@",`%/T-`<0`,TH`.H30,R@%B$3!X&\,$(=K[D:[XY
MH]2%?,B(O;)H/<@@D#%58+HD8+\5`,*5>G4RP+^T)-,`?`%SX,E>G#'S&[X*
M8+]^8#?W6`7CD3$/@-O8B5\*50`17'KTYHQ]W=OJ;)T?<JNV#%0Q``5/(/\`
MVJM42W``='QDCVD--,C5QKR8`M??ZX.*@'<.KZK'WFVSARK(P^;(I3L`20"E
M!K`UY!$.1H@$(0`MWKRXWV`$OGW8#;[;(+Z=-3W1WW*D`@5GDPJE*K`(3>@"
MY+$NB$$`'@#0-Q<8$288'O47.C9%2[`$`.$%ITT'JYW:)[<1%=P9@[,1%V&^
M7'``7E#'0X#/B#T$`Q/B<G:(+@ZEX0N>55#9!6"_$:"(0Q"WW/%"+]0"G-RT
M64#3DRJT^&P".JW=P'N_H`O4BFPW1)`QOW0B=='7!\Z^=H,#`R#H<A;9;+N@
MW1,3U28#2G4")V`'=J#0.B`#4,",O,(KAY=&:K3_1IS^=PJ@Z9MN;_EVSU8>
MJU1[X$D]X4X\!:]"CI$\-#>PJ']>ZK2>WCEK?`9@`CE@`B@.I7Z^X@H@2:7[
M`SQP<P00`Q3R2<4R<\0!VFOHB'++!!/0XZH]Y*VM`6R`UO@E"01`O#)P"C<9
MD%(NTDF@VR$^=5ZLY?5J`EQNX%\>(!/@!0E4OG-@YK24YDWKW,";W?QENHCX
M[H(VYX9XP--]YW`^@3WD7#;J`A]"Z!X=V8[LR((>NR""H'B`!PL8$W(T`8V.
MVB<`,]"A$06>U,[X5##FI"A_\B=?\JF.7UE>Z[[=\H,^\X+N\/4:NR9``A&0
M-U,P"<Z82*XBO(,][C!?__3M;*4N,-%P\&8*Q$LD\+/DL>_K0L0>PQ,UH`*:
MO4YNV'U!$EI#\A`?/,<3`!`3X`Y#;@<T<`#`<5^^?38&4`.*40.'57*.YF@V
M?]A)0.4I%-(@+N<NGO1>[`+?"9[=7>=58`#/8P(30`,YH]PW\#!ION;`2_#=
M#?C@P>5RKM-YTN[TZ?`/#)ZN?*06"]G4V?`?(M)ZG/2I/]$/7J!$L*#&G`$8
MO=H/30-V"T6##:5_W_*\W_N[[^*`*^*I+]*_;^"Z%^@S'_AZ/.CZ5MF.+,A^
M7MD#(,BQ^^!&?_U7_/<3/09Z#`>.#0D&(%#[=1?C`;SU.@=SH%""<"P8JP$R
MOO_9HT``G10&HA!AQF4!<0H`=$#:TPX(=G8G-(0G=CH3,FP#C2`F)@L:"RL:
M*P9#`)H:,@`XGXVAHJ.DI::D22L(JPXK(`,X`V.RM+.VM;BWNKFU+A15#R["
M("X#PR!5R0\@(`55%3(3&2M<7G,@-]G944?=WM][+B8)R544)L*.Y54J`R3)
M)"H%$.PX+O;XQ;'"8R!3)!6J1!A(D&"%>'-,P!)5#-8G$V,@S<I'\9[%BA@O
M"MO(T9@Q83@:-"`R`D^%"$H\*%G`Y8",`P!"9)C0`PB&/C)L)7&QT]C.)$"#
M"AT*E&?#4"Y>?>3IL9C%?DE!>MQ%E9>N)&.P:IU%*J+_"1"Q0+D8L]'C@*^/
MOLK"\152**#&F#'5F+$NW;M-DQBSR_=NW[]^`P.NV+'8F"$KX*Q@@VD(FZ\4
M'BBHHH`"!14J+*MX4(!`C1@$)'GVO,!"C04+!&SIH('!@AH6`$")8<#`$QUT
M=`BB48@&(C-V8,@8,J>1N$L&`-28MF"(C.<K`(19*+CZ8(U)AJQ"X&#(F%N&
MIXH/3YY6^5GE3<2HXB<4)`IC?95[T"\9@246V#RQLD+8C1G9S-#"-P0><<$<
MOE1`CQ\0?3?`+PM"\DX5)$Q80#!D?0>)/3SA,(8*`!4DXC,)$#,`7$Z-9U9#
MZ:3H8E,POBBC6<:MZ"`8(I54_X$'`V7P!`$56""``!;DD,$)(O2`P2(USNAD
MC%`V"2-Z-")EWI549JDBE4[:0Y8]4J8H"I<PADFC4T^F":6:9*KIYIIPOBEG
MG'!V]0<<=ZZ0V!QW3OG@`R0\`**@)M000F@:U$!`##6<AIH!/`@``&JOP?9$
M!K0]89L.O'7:*0Q>3"#J$`.44)2>!BP0@@$99,"))@!HX%V+=,ZI9G;;=3>&
ME_%EV.NOO@8+[+`9YI`,+!&!D(`L)OQ210$%#/#`,P!,8,(*,'#QAPM45###
MMS-L4&`6WEP03@(0T*-`@]\A4PX%8\SS[(3Q;/3=KA%]1T$")XE8T$&/\).5
ML`3_2O_LP04GC'`CW^$`!HY$X!$!$A%X`(4!(0@IP!($9&S!"1AXI_#(")=,
M\LDFITP61_RH[#+*,+\L<\PTSVQSS7\,\,<?W\$!QU@[]WJO5W)!4F@,1!`P
M)`%).]HH:D]KH`$4&DRPP,4PM&H!#)SZIH,.H2XAZ@2N8#7&'(R9<+$%&1B@
MP28'6+)RS73'Q],0#K#BG8=#]^WWWX`''A$)$!0PA884%`#O&`K04T4"<G!F
M@@XRQ#`$#0`8LX$VW]YP08'?R#'`//0\P.X8#SA>0`(F.#-O.238>R\D(#KC
MKT'UBC.6X+SW[OOO?X_5AL-$Y$A0#@98(.J0`BR0@4S\`2___?345V_]]=AG
MK_WVW'<?N,[?N7#GO;O[;;>&A2X:FFL$D%::U#S4P$-J!UB@@06U03&$!9IN
MS4$:01#;V)C`!+)]!6T&N`0!3,"VB^WO?C*0U=R\Q[N[Y6H(2?`2!05G`F.9
M0T/DH,\<_)",U>W*!!-8PB6\P`4V"*,`VOC/#+@!.@-=@W048A<._."X9\4K
M&9-QG`IVLCNCY:!?MXM`!12@@K-I<(-0_)LQ\N4PXU5,"5!0G@`F,*03>-$*
M<&B#+*)(QC*:\8QH3",9P0>T\1EF:&-<61D$U@9#A48`-=``'D^C@0](H'GV
M&](!#D`DV-0F-@:``A.6($``R$!L_ZTB6P(=^80A7"TY"SAD)38Q*S7>*SMY
MXX[(/#F+@`!C#']@`SG6-09&4$!G]UA!(E8P!"[(`"(N*`"`;K`Y7M:P&]<@
M(3T*`()[#0!=R?!#`L90#E,F8YG?20@(2%"`)!+$`X\('RG-6((25+$!(ZA8
M!2H0`Q\)DA`TT`(;AK?-=KKSG?",YP;'R).=-.PS2=-C#3Z024D`P#5Z'.0'
M!DG(!1R@;?DKYQ-$I0DM'$`:!53$<V`@*HRURI*N@A61.DG*$FA';Y[DV2PB
M0`]HLH&$?LC7SE")MB%D;04RH,$*/)3+76X.0`2Z@$XO$(4HS*%Q[\I9&1BG
MNE>4HP`*B/]`.53PF&DB,8GQ>$S?2B!/[I5@+#O`$3A'L*,**"%Y`CB`(0Z@
M@A^TH:IH3:M:UTK*G?&L#4&;W0*(<)H=M$]^%D!-0`_0`;X>8*!_/4#R\B>3
MA=*@$[:LUMBXT#4[3```L5E!:6CY'`%$<)0=_:@HO^/6SGKVLZ`-+6C'X"Q@
M\`P.)"P`#M@PM!+,(3H`\)$M67O5F_)2&U'0:4^CP(+>MJ`)5*A"NDHH4L8=
M57'.J(`SANL'S/#(F@.IC`G84%S!B?:ZV,VN=K'K-QS\($<C\,".+&8!':"3
M"XKZP7;7R][VNO>]\(VO?.=+W_K:5[Z!\^SL=K"#!O$,!P((0VK_%D``#W@F
MKZBQ@!\'V=</=`"P&A`L%";L(P`<5A-C$]42:,"IW3S!?@"XA"0Z`:LA_&&H
M]]7N&#RZ'00,@:HISNX8IJ!4<^2,#>7`07%+4(8_#$$'`##`!&@PA#:82@Y[
M\-9ML]&")CNY!2R`<A/V@,QG%I>$\`"&"03UCN$^0R#0K8`*ICNTS[:V!#%.
M\VB'.H8R4/4*6@WO<S-V@*[1H`9$`(.:]\SG/OOYSX`.M)D!I]\_5.)M*T#E
MSMBP@`_L0&J?(<UI#'":@3;XP7^5P""A$`(HM.H)6\SP$@@X`1ATZA""`$`F
M@HP)6%E@./<2-,]8O!WO^+G'*VTE!1RW_TP3S*&$LCAQ&]K`AA6D<`49H,,B
MULEC.<B0<U".LK1]VX0+;&X#/277$;(PAQM`P`-&V,,>#L0&5:8K7=`=2`6,
M`!$4R_K=HJWB"$B(A`ID8#;EI0$4?,!O'T1!#EEY`URW2UUX&_S@"&^O'!9>
M[E2RH0RXWID<&I[PG0T;XF5P`L1/W.-R5V)(]M,`?\MM@-!0B@'QF]]IYK>`
M2/$5L`+]@`9"(!-6+70""WW.!%@U@0/PQ@Z=X@(=8("?0[Y:`#`UL:(%#7'-
MNGCI>XXX*ENGNBG`P00E+'@9B,V&6L;6PHZA+L1=\)\``:C)THYV;YM@(`/I
M=-O:S@$$L'V!+/_H=`Y&$*Z7K4G.AF.\X@=OPP^*%S$1=7H"2BA"$?KM@RS(
M8>.A7?BB*0[XREO>X`N7@UO+_0;(7]ZMG<>XYE<*A[=)"@`+)5*(R[TH(C1:
MP!)H%(+GY^A(P9R0&A#P\S@QD\>*2@L?@*@B?`-T&E1#@!8P0?*B<WJEP[L,
M3K=UGZ5^-AX"FPTJ*"$%3KQH`T3#`A;@`A=V4&[J+ER7`$J_VM4>Y=RVO89&
M8/+G[)YW+X-91&*>+AOXY/G/`WH'PX,C)6$02C`3BX<$B\=OX28'?!)YHU=P
M_A>!$IAF$>=9;W"!&%>!%1=Z'<<&.[!)L,)%2Z`;,+`)C<(TB))'KY'_&HE2
M`PR@`03``P`P4`)P/WVD`;61`3+@(SM70+9T<TO`-8<@'-7R!(N$&!D0&V^C
M:D,`!U`7:-#78M+'9U+W&/)B6G-090G`?1XW'#.A!0!`;',P!YD70^`2;>O7
M?I]30Y]S`2V0#=CF#5&@(.4@(AXP9I2W,QHX@6I&76/P72(A,2K!:1F@!$J`
M!(BH>)N1A]?%B'SXB)"H77\W<>4'>F[6?X!'B8^F48JU!&FP!`L%29,"&_*C
M`3P@-:1!2(KB&:`!&Y/``PKV`6R3@QE0+28P$QBF6%X``P$@*CK'!%`P`>#7
M'#)@/YV0&$\(:%%8:P-'A6YU+TFE?7!`#L]"_P&=UTI"5C];PP5.:`!SX'A9
MD`6Y%04!<@-HZ%N^14/=L(;EHEOEV`)KN`<D<`,"D0Q*-&9H<X%MMH>1&&/4
M50*")Q(1XP$>$`(3$`*)AXA(``$1D`,DD(?)V(\2.9'8I7F:YS,867YC<('=
M]'G%MH1$(@`+!0-VH`9T8(B*)`U<=(K-(W,&M8(UR`,%UCX&AAJ'4AJG`7YM
MPX-#D'/5$@T9ME`'P`6H-Q,)E`%#$#=+:&+\>&O1]P81>5]5R`;RX@>K`P?3
MH@P;IQ@R(`!(B3ED6'?A&(YNUP*[A(;LUP+JZ'8\Q5M1!F6]!(<T)(X>D$Q,
MM7]Z^'<21Y$IIG7#4_\\X34"Y?0\1:"0,Z!X2D"&W,67C,F7CZ$GD)E`"51N
M;?`&'5EY'PDKBD4D2V`'9F`&3X`$6,0$1@@#S;-/>L5R.=ER'3,:,=AR>=4^
MI3$!%`:$$C4!6@"4$\`$,Z%S.+=SM:%';_,J//9\3QF5]E6%`U"/["$+DQ$!
MT+)B?Y`<7,`V++0"<)=3ZUAVY]A;Z,@";NED;_EDSW:6WV`$\8`G*[9TDM>8
M?2EV6Q<26\4C57"("GD#"9A;HS=H>/('[>F>`.I_73<$E$9S,9`#'I`#>M)F
M4(F9.]"5>C0VRG-O,,`!:L`$".@#$P8%.B`V\2,:^G0:D]8Q^Y0HM,<:F<3_
M-A9`B`OU!`NE!429"`-4B[#"FY>R`N`'`)("4P!@F<8IA0WJC)L'(<^B.%3Y
M+MTT!BO@!<5X.4=@!+_D#3>%=NPWGFCGG5CJ6S?5.0"R`;K%4W/@9DGJGYGW
MGP$:7^;W>'^P`_(Y`N$4`1-6F#>0`AFJH?OYC*9S5A)WIV?:IPBW/S602"$0
M`S&0$@F*C)V'F84R)"WJ>T42C!S`!!-3!(:H!$R0!CK0/)$B`#_0`;!I<BC8
M:/,3!BZI*)DDJ%!0+3SW`;HY-@OE2"X!C**";'W4"98`E3`F:\NX"D,0I(#&
M"`]`0@_P`&?A.JM3`F_0=<6XI%Q0`9X3I5'02]V9_W9/]F3>2:5-$'_@4G8;
MX&3_)J:X5J9FZJ?OM7"*U@9Q)C$5``6*YP.%N7C[-EU.:'%$4`53L#-X(G;D
MNJ^BQ8A-R7';%6*UT3&#&@,$>8<KL)>`5VZG,208ME"8$@/!^`10@*`H^02#
M8`=+L((K"(N4\ADQH)I04RF9=&^>!K$%I`D"Q%!>\%`R0)3\TW/#D0E[XH?_
M2H7'"6])<*^+%AG+``)OH!A+L(/A-P39`*6@PU.]U*UOB:54:JUJUP31M@=R
M0`5F]RT;\);_)@=PE7G\NF<U$&<#X0&)Z*Y%8(0^8`1S\#,"5Q)@`'%C4)GD
M=[-?>Z9Y"'$7F+=ZFX%T*_^P@DJH!BM>*K`"9]6?%<<&IW%'PBB21/(\$BLJ
M)CL3=&`&:J`&&OL:?40:D[!R-=`\KRF;I%H:^&-S.*=8HN*BBQ5\EJ4(7E!B
M*_`&E;>K+N:K3`>5J.2!>((G;6`"`$!1!K`$>6"6`+*&NO66,52M5)JEO@5E
MS(NE>["1+K`!G<-+S/MO?]"UXUJW];4#<&9%7J5X"$A`16`$%_D#)4$`.^`"
M0=L&90"`VON^=UL&>KNW&9A=F$!8@YJ@!&D`_0F!"5<HG]%R0\)%S1-;,4!S
M2\`!9D`':D"Y::`&(F`'@T1@_'0:':`<#'``E=9R>J4!$L!/0L(J0I9A.N=I
M8U/_68XT`>(78F2&G+J:L^_&9CL3"R:`K^7V?1F@`T;;.4T0GDX6E\PKGLKK
MM&DW;2VP!Q>X?]H:+NFH>=C[OC&&K#^@5>H:`A&`GTK@`XFG`@"(`WB`!SP`
M@+LRK/+;C%!\QO:E?&W#:04K7IA0</Z+<"9`5Z@Q/Y9%)%!C`2%@,1-0N6KP
M`G^L!A1E`8,$@_+3:*;8N:;X&O,C`1*0>P(V64$6BH_E4,+'4-$PE([4"7#`
M)TOGPG\FN[T*RFK68PW:+`4'!UWG!?LS`1S@`V7'Q%8*Q+^U`4P[Q$[K9%(K
MM3VEOL0&!T@FO=T*9?\F<)D'NVA,7U0E>!`33CR"B!$@_Z<-0`!7\`-X``8_
M,`;\-0)@@`-ZF<Q0W$H^4WX^\UF8Z%9;MBJ"2G.>MGIF7'%U-#\\,,_@QP`(
MAAH90`!)B+&5^XE&N"IA!1,?FE<RZ1D!YBC-TVA;H`%MLP`[:%@PX1*_F4(J
M'`W/H0EZPG^Y6G&B3+M0V%D4P""+!EO@1W1*]A^W'&5Q.<Q-0+U2EJ75VL,]
M+&Y4^WBPRP8`-P=[8,L]'`5[\`=0><S@/%^5&;<X`)@2$P$S,#$$,0(-@`-P
M-@(48%=X,`(UL`-DX01#_;ZM5&R0N1CEUH`<UY3J<<!0$*@9(+J0M4Z7QP8X
M,,\\X!HA%YM9M`#*@3];@Q^0&_\"=LU@%L!RF:0^>K2"IEJ##'!O1_D$`)";
MIIMA%:T)B+$":).7EM?1I$R!G349-9Q*SA%;0[8"Y3G,PZP-3-L"TEL!T\H"
M33#3-'T!#,B`_HFW_@D'L-O)-+UP;7`%;9!Y[[S5[#5L?U`"W0M.`T$Q!8$'
M'@`&PT8!3EW56[4#GF>XO@V@&`E9EX`9UT(<G>Q6Y[PS6W;`G8;62;AZERUH
M#@/7J&'/#51SJ0(;X#<!;\,_K>(V(`>+H9'/A!H:+*>Y'6`!'9.#/AF4-^>Z
M;.%KW$VW3`?#NMI9SO``IR4#'(`8IF8`TAL@PZR6M%S+57`#1O"=439EXMI*
M?T`!.E;_F1>82NOY!V.(2F/`M;K-V]/]7O=";.AJ106!!%6`!T1@`I\`!G@0
MB"1!!``(5YP5XQ3I>4H:6QA3L`BJ`MK=G]W]!QU$J.R<*DDX!(Z!2M*-<$8=
M@_,L"6S3*IQFL'E$`,EC->!7L90&&R.;*CR0*B@8J'E5:<TS&S+!@R<,N;BX
M>@;`!B=>Y)]GV<^W><X`37#P')B`.2:PT^KWALZZM.+Y'Q50VM<Z96388UN7
MVPE`'V=5F7"ECZV$2K8[;+N-VT:N7>7F,]0@`V`]Q8'(U`.QU!'`S>S[!C$(
M`=A,`-=,!-$RK^1:?HX(H'H)!ZKF/&P<N&(V!)L-L)U5?BJ0_P/@W6FL,MYA
M5XFR%K>>Y69O\`,Q&(,,[6FM<F^,DCQAG@&2HJ)/4\<)!HO\%`))D]8W2=@J
M45@4_=B>-@1M`^QG9;L1*.CO=M/EE@P>X"$J/@?.P07]H>+S*"`M,#'ATJ5J
MMP')D-)KUP0N@#80>'4%X`?EMG0]IGGDS*>^'7$@?Z=0N7%A76P6Q@=Z@`!+
M0KCRED0Z#@970%H^SNTC(`5?(`5$<%9#)=N-V7#`#H&8KG')F+V?IWD;%QUA
MON0'*EX>(`-CC>+?(7!LT#&`>\!FSBJEX:*<5@/E5[]Q[%9>&U\`B<PBA7&Y
MO0,HQP`;.M\3-EAL([$J>@`$=AJ2E?\\=1PI#$"BE(**H5%R.4#O!`0`1.D8
MC>GOL@;P./8LP:;BU```#;A_U[8!2E4!.0"';[DY%%,`J_WYJPT"9.AWK80,
M'#\''O_-WWSJHK5BW32&<.`<5N``H<0*6J`!;/!=))%$(T`$/W`%O9_S4J#S
M7SP"`#A'`H?V05]^2H]Q5/7S>LC=D-C\23Z+3H^@!&EBH8?B0.W6ZF$`.0#M
M-"?MK,(_D!4">`B?'<=GMQO[88<G\GL%.Q#)[4-AX<YIY=XJ,2#?!PP("X(\
M@@LU!#4\,8@&"P<=&CP:"SL&*B$9$Q.8`$-P;&Q_HJ.DI::GJ*FJJW]E0PBP
M"$-O8ZRVMZ/_;W^@(%6^(*-L<)XN<G]S;'-&&TU^#RIS&S<;+2U-3055$051
M>U1[>\5R9;NAHFPJ504@M:-EY.\E[^2X]?;W^*GQ)?*E;_\K`'#IXZ!@+%@%
M^QQ8`:;!"#P1(DJ,@(<(D1]$1C20(J5!13!XP/QHTX9-FU;Y4JHD98Q4&7[R
MY,F1`V>>37HK<ZHR]FZ7!0L9,A@($2)&#@\58GB:M^N<"14J+`#PD",&T1`&
M#&188.$)`!@`:J@P$8JIOIMF;ZU8"T`&@!4&YHCZ5W+'"@(_H4`)*A23A1A+
M+(2`\C.#U050#!FJ1&!1C$4\+`@`L."#!`T[0&D=,L&$@16@0.D<_UW/U<%9
M[4C;T@7J`81?H\;('D-K3.@YX\:TL3T'V[4F40I`B%!EP,T_<&J)1C[F@:\!
MHMJ5D6,N6'75V+.[?/E/U[ED*[A@*.C@H/E8&`0T'#%Q(IX&#7YLU%@%#`\"
M4H@0())@1RN<V@7X!T\V];-+0$.P,<Y-!@JX$H%_/`545D09Y4$,;]'64R@F
MJ4`$``=`0=5C1$&A509=`3#!`0>(1=9_JG0G3T_UO#%$6V[)X!9HK930SAPU
M:/#!`@3LQ5<(%7@PP4]=+0D%`4364$,8)NRP@PH>($(``81H<(`&`@B2V1QS
M#`,7,B;`L9N#`IH6"VILGM*."0GX4@%T?_^,,4^#<_7XSS%S@-.%'`,(-X()
M)KQ!TJ*Z4%<=&\Y5D0`<T9DU!J6RQ:FI2O.,X:.B8ZP@@Q4&G6?J02<LD%%[
M$FDDDI4X3-$&2"/\,`($#;21UJ:CE:%G=">Q80".4KDE1RVU^.H=K_9`R,9C
M)P9E0&(K&O`?.1R"$(,C4XUX55:-I+@B%S*$,!:,J?Q3PC^4W@/*'"L,(>^\
MHM@D1Y`?"(&8D1EX$`&*%F@BP,`,"$*6E:&90,1CB$0F@0`:[+<`*#.6\PD;
MW3%+FINPP*EQGI\D\)H?)IA"XQ__[)DQH-/!D4T5?DRA)J.-+O<&G1`40$%R
M>;Z4*7)R.;'LQT3_NW,R',C`(=!XIS9M'A`"(,EJ1",0`8:>E]+Z`ZU@L.'K
M=47C,UTY;.QPHPP6&&`5%)+(H,'%>89]B[-&K1W43Q/(``-H3'%XB0`'A$!5
M55>9>/<3FLC`Q0$+Q`!"6:IXFAJ9]L#QR8U#K(`T*'K.0]T.80@QB5XA*%%$
M"`%/,/#J$*_@WW5LF(`#"5DNP,"6!IA``-_R_"FW:AS+0@O1EYI`PFO%L8'L
M3"VYX\X;\P1+3B^O%3!%.8M.YV@K+L!1IZ29Q@.'"4;D8+X1)LCU.]$]T42F
MJ%805)[3],.BAQ493$V113B0Q`8.1-@!2,!`DC^TX0$_6%]*0!$0&0A`_S"+
ML%W!&C&9!,DE-0HT!=T(AQ6M2&5%*^@<MN3P%`+H8`(>&)Q5B)*5K:0(<(L#
M0`Q4`#94>`=>F5.?+080$`#X4%XK*!.ECM,&''Q`2`2H@!*4@(DGL&YU1UP`
M:,PQ'=M<B00J(,0,X2*:OFFP>1F\1?`\IK%+4:`*R%,`R"P&HW?,I"GQ&,,5
MKJ`HX?BB"G+`#3)0-J#MB<($=WP`SUHQ!B/,(`6(1.0,0A!&9KVA!,<8QD#X
M4+]*SH\/>M"##GPP$6U0!#X$T)43VF"K!K"A"UWXPP]"TDA<7"H,,CB`!404
M@\@PH&"W+%ABVI*@5FH01L^ZT+=0I"(O\&U#)/^,`13L,(&CC&B%)O(@XO)V
M`!H(8(947,5:1.66=K%B#`E(P!R&X!8<9:YD+X'D'[I0!BN!`0P$$%P(F#!+
M,'T`<`$`W&0L`)J9O,17)3&!E`21E4]TCFRCF(GEO.E+58QQ>,QR'QNHEXT$
M8!`?;\"!'T3FBP>(`HS;B9`?B%,`$T@.#B%(I$H1&8(Y>&IH#<5'&Z#GN0'!
M2P98H&0E=VHJ/CS!7Q5P3P.LYK5Q)(`(;'!!%\:P2@)\801M&"5-R5&2M)3-
M.JE@GE99X;MKM<,V\3J`#%2E'PGF\JRW7``A9+`$'NVF%L@(C=Q>N@M$'85$
M+2R6VT3SCR2,004QJ,'_`:Z9PJJLL(4H\DHL=4"#OR`5>O\(C62304ZW5/8M
MRH,#:Y2'K-@EX`$F*,`#MIDY.*R`!'%]%PA40((*1"4'*JA!")Y@`40`X(D#
M&RP_XS:*DS2%4C4,1DS%]HHW09199)KH':W'T'R@`XW$\8,+'.HK0%8/!#-M
M0Q0@H%(D("&12%`!=X:[0)K"@3H!&0A/UVL>/KB7#V:P0P^>``,:0.&35L.!
MGJY:AC=<800CX$@#8M6&'425-LEZQTG\>`Z=+.<__"C#)\I460AR":T8/JL@
M:K```<@@0:!H5P%A2K38`3:%T)0F+U7`CAZ5`4LA`)P!*F#8PIT(;WG3`>-B
M_T`"C/67Q)7JWC`LVY80TF:-NZ!``LB"*!"`X#,K,`$(_*`"!?A!`58N``D>
MH(`'4'D%!_C`3YC0"*[DEG466$!SR1NGAUY44RY5[AT3,%V5P`$'V4CCFT.:
MCNI1@!9PJ$!WF5`$E>9@#OVM%YOO48:2P*\/[(WT>R>-`/<Z0`\(``(*J]8`
M,%PA3[\B)1ZD$&"'*."=!BZBHA55"I":8K)R/85DC98G-C00`$,I:X9WK6%"
M2.8MGYAIGYS'K-"L5K8H7IL'5236!4"%++IZ0%(RH`/"/F9MAB/F;1D+`*(D
M(+BH`,6-IJA9NKQAPA10``7($N)A`%$%!7`&!4A`;_\24(`"($`?`S6P!:!8
MH`86N(]D!OO`@"]@T<QR,_'D##/KK>0-U(/`:TB`)U3TQ#42)]F[#IE('[BA
MT(F\@?*(C7!6\`1T0BA/)B.]TTF[UWX(P#0"RE,>&H1`(YW6;VY$#1]25PT/
M51,@5&=J$@!M-=RP!O=W)CL,']86,F;EM=0+UJ7):`ZFN]*4L`B@@@Q$#<4E
M4O$2=&R!IR"J!!2(@`=0=X!N<W`P-P[8`;@@@!K$P`,/,(?2YP`"S)%S`E.4
MS4G&`(('?/9%N@GQ6A*$Q<V521A)+4.=.2OF"46,"`R03)HW?/"2:TKA1(/#
M&7U1@`3HY(P2?\VYSO('C*O_`P2?`,%W54KH[H)`AP#R/"K&\8:M,<`.?9`Y
MR^GG<IW:#]/!OZ05H%"1G+\593_@P4-&0`!05@0/>/B!E0J8^P&E(A2UP)2O
M4-&.T/00`(8I:]2GSGZU9D`#.Q*-.=Y8;*X;8`DH!'L(".!!#4P`!CH00XM@
M4FQ0`!%@%1;0;%?!?QXD=VVG-CG@!S4@#)IC#C^3)P^`/B"0`7\W`9T0.R"0
M;D:P;J(A&S=C:YG#!OJF=R[A!)U2"V&P`S\1)(<P";X6<(VP9KJ'':#'+-WS
M!PI0/3!3<?DP!JB'/#M#77*``VCD"Y,R4;.72$R@!+;G$CNX$^\@'PU```R`
M`3-7_RK#%PO%9RIZT`>01G-]@`%`P`1(`'1#Y6FZX@+]934\@'UV2`#OX1"U
MDAF?0`K!U5G"D"<+`B`_4Q*@`']C=6WKQWZ,F$N&$"1MEQFQ\RX:8P*#`3@A
MH'87HFS$E&.,I0.-HP*7T@L14!7#<@#5!@!,<ELT0`-+L`!%@10$H`$@\@$`
M4!WM8H23,@=29@(KP&(9L`+JP&+",EG1,3Z_6`&^R".G@!8*9FN]J`%!DAB1
ML0```"57Z"`]^#%>Y@M;1H3Y,'K(XW!G,09!.(X#@#11B$BUET@S<!W=EXU&
M(Q\H`!\\(`%@&(9C"`LZ91`K1QX88`5J:'-40P2=!@8[\/\.EU)$$,`E3^40
M'@$?>$``/Z!]P)49:W(*"E-@.,!9I=`N#!1+U^@!1$`(C7B2NZ96-0`BE.%#
M9\(LVK(`.F`!*518G/@37\$%.BE6YA(*;W!&2)`4(<!A(%)-.K8D!A!/=Q<5
M@!-F'R`#458F9`("ZN8"8^`$Z6A:H#%CJT4!TE8%%#`%`U`R)C``#U``!0`5
M0*0YSOACW4%3AC@'H&4`&J`V7$$(`A`9\A@@V[@I]%`2`T!#YJ"#MZ`;PD$<
MZO``>U8OY(!ZI#<%MB%H*@4%((=(.:`\]!"/>TD.6EB/\,$`)R!\[%5\E/1R
ME48>\Q-S:8@!9C@_0&``5`,?G;;_&SSQ!F`08!,9$@_Q!1$)='EG&R8`!CC`
M6YDB&S@PD8=``2J0&:80+SZD-NJ'DM*9DA0T`0N`(J6UF-E!`2$@$$B2)-[2
M02FB.#M)`Y9P07```A*!!YNX"/M'%#6`(JO#(BSR`2PB`3*@`O@V;R1P>\SQ
M!_'R870">P;D6S@P`%[Y`/B6)NXV+TOAC*J`:&6@G":P>6'"%1RVE]K1EYJ2
M&K.6$\J%/.I0`'MF$T9X1Y)""W.@`MP%7MT%#2BAH1;7:-4''Y[)`P<`!*G)
M4RYW'GS0!WQ`<PF!`41*<S-7AA.PGC@G$KLA>6IRFWB8$?#Q$!Y!!`/P!FQ@
M*P\!!D2`_P,[8)`9,0*W*1\`%A(8(QM-!P#2^!@F.9T8)@"9EV$6P&N:QV%J
M)0@:(%`U4!*L@!8?BG1_PP7?:9-P!S!MH9.+PP5J4S+\$"$DX$D1D4(C$%B2
MD5OT29_V69\Q$`']F3XA=@RV9EJL53)YTAVZX8>A85K"`&+X,`X^HJ`&4(V1
M49?6(J/`4UP=<URV&EJIAYA5`)DF0P]P$"GJ\&<2-@<YT*(KE0(])A<G8ZNY
M@#([\`,UV@">"9H[ZC1ZT*/UXP!$RIH[Z@!`,*XGL*FM8I"=-A+<<V<800$9
MP:5ZF)!RE!$\8!%5\P,=D7TCH`!2`!(-4*\C0!>B<@#0>6&+*/^=`S<!U2:=
M9@8`9_43U6<UPGD%BW*!1C,/'^H[!Q4["V,!.E`#2.$!2L!!TI0WB,HB4!`#
MC.J"Y&`\0:4-'L`#MV6IEWJIF<HB,G1EG<IN3Y&!)N`)T4%RS9DY\;(6A/E-
M<.`"RAD"/)`!'#9%T+HQN"H\VGF%L>,<(NH'X,B8T7$I?E``5""'<&4`&[".
M*8`$2H`T0Z29&NH=;S"MU6JM6_@!D(9IQA=SF;2MF"2:35,0WRH_J#FNXXII
M#K`$.;">%@$?(D%'LA$[3#5]/-"O,V68(M$_'D$K`4M*4H"'4H!](T"QB-)A
MUCFG;HI68"(`3W!W"[`B&L"(ML,#@]'_81`C&![`:;)YD-KG'XTK6<P#:]D%
M:OT5.P40`QXK`$BA1(1C.%QALHD:-8XC"DY`&[&3%5QQ6X-5L]B+O6%B`)8S
M!_,63@E``;;V86OA?4)+"J9%M$3K!"LQ!KJS>;$6M3K!H1I*/<M%`<AQ"]V#
M+$"3GN53!$J`/DBC0_)+"KH`4%;"`PUQN_]Z`,$7"YGD<BM'/PZPFN`:"WZK
MAL:7MYH65%2#<^E*1^_@!&6C?5RZ`[5`$@I0DF!``:ND$1:Q`Q0`!OWZ'A@!
M5<B1%82Q!`$0I].Y`&`R6+14%%EA`4OP):Z+"'JA-C498T3"P$.5KB-10'W4
M/+IP$HIB$FT@_P]CL`-)0@```(HU22+B&3"QM),9(#B/$PIUH0&T&$O9&\?T
M&29;H@&@,0;4$2'M5K2F93*H8#D#X@0K@!Q*9POAQV2<PUL%S"E32T;0^CWC
M>#VXX"L710^X$3=CL$>T)K\'K&`D49$V*K<H(``GX`"EJ;>F.7-]:\&`FQ#C
M2A!\*X8ZD`%!Y;E1C+M74`8FP2%>$SVT$A([@'U<^AXCD`!5<YL%(*;*D15/
M\`09X$0/-)T#4ULYT$1,X`%TN03/3#!39PAZ`06"4Y,Y(+L$`&"\"<7O]`,4
M"ST5TQ,*640X\$BV,5(Q8``"``/]`G9%8@`XJ3>+\Q=WM\:VYL8>)O_'<OQ`
MA]!A'[`%81"CAHB"")(Y?BPG@-S'I!&(/?-(B[P2]+N74S!OOJ``";"U#E4*
M!?*6\?BLM@IDI-29<MO`0)"WEA:D^7@0%?RWJ7G3&AS+YP$$2Y")$0%TZ(J[
MVJ<KSC@K^K$#->`0!G:;(X`#PKD#L>*ERC$']V<'VERIT<R(TYRRF*`)3!`"
M.4`8-$`'M*4ZK<MK@U`DX3RIA.!U/Q74`#;4LIG.<P03,R*'90!`ZKP;Z!`!
M26$`*W*-U]9!U5M-:!.+,8""I_L!-VO0+#(PD9`(`+#00B`!#/TK6*H\;:`Y
M6FG15L@*1\LI\0!D&SW)C:RKT`H*:$D!5HG_=+)6'6ZD(/%0#NKD#K>]TIU\
M$_ZU-:'LF19P`IH&!"=``P0Q<W<[<ZR<FF7XK3Q]*ICFTX<;U'APSO"17WA-
M$M$SN400$GI28`;6M8O2!E<@+%HQ`6?``1-`&))]L+?D)6'R&%`P31F0`TJ0
M0BT$`V<``UTQ6+CTWVBE5O+$`PS0U2D4`3<P`\3AN2!\W>^$`_TS4S8!0)U&
ML1'B`<-Q&!,@`4NP3RH".&27LLY4`PWTV)`=V9,`)0(@`1)PV5NP!1V0V?1@
M$J)`6IJS`D[`4&SK(%/U8Z>=$AV=C=@""FF2OZ_V8/]Q,6#C:G_`)RJMV^/-
MF&_KVYYICP+`A0+0_P`6@`&BZ5ZK"6D'T=P7'&FF#`3],A%S?=U$K7V]+!N2
M)YPUD6AZ?2EO:V!;`T]:,=\P(`)!P`0HHENFJT]08#[SO01/,.@II`0BHA73
M\@1T8`83\,Q(/'4\``6W]$!%(3@>K."L`F`-CLL2/@8X4-?!0B>1:A4`!P`=
MKD\I'LY)8HTF'F:R'L<I+K/3C*>6X>)A4`N.8@YA,`1A8.,F'38S7L@_[E"I
M7;4[2`M$'@IU=N3PJ,OQVR,&L@]#\^2+K`MR*(=PL`-Q6X_@/A\F!`0(`00]
M8`5!>J25-JYCSE[DP8_VU1YNR,`2"^'C#2H`U:39U3_O!*_Z00!+$A1/</\&
M/:#-7@>G[STPZWTASSP!3U`Z1<#PFC#6JL,72W`&=/`3W,QKI_L7U<P$$Q`#
M'JP_2MK@$EM@I"2;75H7QA,!2`#8UQ9/5_$8.3`"%S)P)VZ?.D_'`$?*5WYW
M)+DP"\#B#/U1J6HYEU*!<,"^H6W(HP$V2'[LJ'T:JBWU5B\WY+W`52Z;7T!J
M"W`"WQK3&&S!J1R&!\$',"`U[9'F4'R0_?[V<-_VDYH!%P\#SIP)'`#I**(Z
M^)?&8PWRD5XZP@3RSBPXA!$$>1#I*`(#9A`83X!_I(M6`A#I\DW?(D_R^L/V
M=;W`=?T#<`4"_C(1%5`!(Y`D=X<',="4-@O9DR#_)1;P`1V`V3)$]^3.!S3P
M\`;PE(.,$MV'*<@QVE>/<$$>_,2O*?[%^>'NF0`F`&8H?$/:[F9O*D#P!$K`
M*@S.:6#:]FV?_67*GN?-`>J=`7I^`D'@S$`AWP'CS#%PWV-M^>Q?Q%[``3#`
M!'LQ`31P0@$#,;D$)AH`"!DQ,5!,$T\9(1Z+$8V.CY"->!%X(R-$#9F:FF!@
M;']E<FPJ)!6.>!XA"P(6BP('L+&RLZP\/!:O!Q(26P<U!C1`?`C$#DLA.SN?
MH,Q_SL_0T=+3U-76U]C9VMO<W=EE0\3$0V]CWN?HZ>KK[.WNYV-L.S]@F2@-
M]R@H7PT"?>(('&`8V,<!_\"#"!,J/*BG1P93,R)-JF#I4@-,FS1AJEAADB,/
M!@P4@H&%SA.13^B<F0#%0X8GAZ`H643HR9(G4')46+3H5\@)=-1,R``E`XP3
M2RQ86")`@P`!!@9!L3!A:`PE2J`H\ABIJ\1%&3>!V2&GC(LY)M@0(&``ERP+
M,0C,FGO@*0\"/#30E2`@QH2!0`P2`P)%15IG99I1,_>NL>/'D*V!`TB.<>3+
MF#-KWCR-#1LY?]K0JZ<I7R8&@?L,Q%!0\,+7L(D-&Z9'#1137D_AF;0[0D=*
MO;VZ#`EE9`\=.#-4A>(WD8>=(0Q-@,NS>@XH(45F6'*&`Z*I'%9FL/!$40SE
M,?^Q*E$N(`3&+R.X=JU0!4G72F$S@;E2HHL<.`#D,A<K'BQ`%RP6U$#`*G:<
M<,(!#`BHBP8AT$"#%59@@(`>&TY`@3+0O,'9B"266,UDXE1FXHHLMFBB9Y^5
M,<8./(`1P0CVX'//`JO]XUIL0"(TVX9Z\*$'$"'8E]N23#8R'!0^O:22%TP4
M%\(@BV1E$R(Q5.>E!]AAEYT%,)P!`U';<0`#<R$H=].52IQ7%4Y$>!!614UV
MA6-8^XT!APH6'`B+``00(:`.!R2(URL6W$5`#18LX%8L<`E@H8,8Z'%D!@^8
M8%EH+H8JJCLHCE/.J*BFJNHV._Q1EAQCM&%"#HW@:!K_#T)@\&.0O`+$QZ]\
M]`$$$`.%`(F2>>;I$A0\&*!@4<J%-Q0!-+T44PY?5E<!(2)EEQU0.BQ!U!,X
MQ0`3$R%@%5U5%ERYB`H$='+1)A[$]PBR2UJ2$1@_[$#M![``/)<&,810%P`\
MU+"`!A](,(%42F60B@%ZQ?)!!`98:J$5/5CQ1`P/L`$'',^TL>K)*$=3*@(J
MINSRRRV:[.H<<\`QAP$JF+)G/@R<L&NO0`+[:Q_"KH8!`<DF#<D(<1G``[._
M%,4$#&:PY!*[,BVR4[:IF.!M=D2UM82:5884@P%PKCL=<SSEH$(;)5R!@[R;
M$&&)TI)8@M%8.\10@Z!U+5"@_]-.=;`%7P08W(.10.C`G`$`["*!$'A4$`(N
M3$VP0`P5@/")93+#++J+*[<\^NFH-U;&ZG]X!L(&!;AM@`?VV7H/#P<XX,`P
M0,,F]-#$&HU!#9;(AR_>$2AY"1%K/>U\PBB5R^5S7"_B=EHP>EN<3X70<(:X
M-?`TU1(3H(LM3UVJ(,>K\OP0;T9VR^?5\95<,M8*'D@X%\*!GB#$%@#<@H+L
M(`QB<,@A(=``+P"(-`A$0%MX((!GGO&&-H0N=1C,3.E.E<$.>E`;;RC!'^"0
MI!28T(1("$'.(E`%>]R#`1HR((=Z)PZ#&$E31S(:L6`P`2$L8!/%D]^Q(%&%
M4^@K(_\$,`'WNI4=:GUI!-KR0`Y`0#.;.6,,?F*#`8C"++`!@`9+8`X4;&(5
MZV'KC!Y0P3*<L8PVS`T,&,G$W2(0D>0UXGA=\8"C]'<`@1V`80L$H!"$0(`G
MG,`*0.@#'P1S#`8$<@<>:(0#&Y$#I:SQ@YB,S`8_E<E.8C(>)(``!$YX0B08
M`00DJ`(_[I$)'@@`"#0\B.Y^=:1A"0\#`(!`#+2P@[`082,5*5Y\.!+,_.@'
M!SCPC+.TY[265$^*AA'9'(Q0@0K,H`)35*9VQ#0F"QA`"4PHUY?.1P(%J)$:
M<!`-/>!G+^3%8`%$6(`?_1BP71B.%QT00@PLX"`,_<-(,-C_9R!GEX-!A(``
M&=````S@R8:J+APIXJ!#)YHZ-H``":1,01%*"0(#4"".^F@``7HV0Z#][E>V
MO"4&5@`!$JS`C9VH1QR-*4>:<@(,.+#@S+3X"^YEP(G9NIXT35``C)+R!B'0
M9G;"5!R1%*Q+'H"J]7A"@FA2`S2A02;=-#'')A61$C6H@:$`MXO_!5`"(+$#
M#?KY#R#`90'_T\('9A=5;EE``S)H%47W>HY-\O6O+V-#!3):!#H8-04YF`,;
M<+#.'#7`E;#DU4GY$#R58L`*0Z``"%I7P39<P7U;M>F^8OJ#*X00;JM;7?:(
M\S1G>BD'(3#`Y^0PAQMDM)1&@)$6_[=8E&ZQ38JO7<0#K%H-FLW!'&W`8F.Y
MVDYE+2`$(>!C+`3P`;-^```KJ(('`J76"YW@8SE8P77AP(9I%C2V!EC!$!8*
MV/9BPZ_NC>^H+DI*"#PA"(>=`0C>P(8VU"A'K"3I07@G#AP6":6J$5Z&!F(%
M&:P`#J#I+V*<8<$K6/@'&(ZIAF.:TYSJE@TE8!TT$K/:+0+U7=C[W!CF,-A2
M(N&P2)A#&4I`7M]FX&D$B,'YK/=+#QA!C1.L!HSFL#YGE`.FOHR/$".ABGT.
M2`,*4B``PF#!'3S@@6U22KN>H\8W5-`<`W@`"6+@M16L`$;R3?,SX*OF-I,(
M!*-$H0^*L/\$&.\W'O,@36D>^\J%W!!8*36:#&)P@,M^X*70T.GZ4NNJ(E]Q
M#&]876>]/&/6K8_(T9@@ZY1J`"=6%7LB_$0)YD!?$_H@`W,FI1'*$HJOB>2W
M.<A!G3SP`!"D90[9^/`S%,L&$S!6SQ>QFY(=@80ZFJ("O\C?H!BP@`4!8`L`
MD%5R_Q`//TQ2:P^LP2="6`(OL]$$A\&BF]7,YG&;^S*EUN@2E!`$)9QP!BI(
MS`B3L5Q\9&(!)_B'.(2&PV%5]K(`L$`54@``&80A'M%0]*(3L[Z&I_;A\IZQ
MER=^#4O_@=<&,($*HMFJ,83Z#V^80PA(*1-W'Y75%U=J#7Z[B$__KY$QCM:&
M;BFLU?ST^#D%J"8+*Z""YQ)``PO(P"H,]S\-*(-D,F(#"9ZC<P\08+V?8#1:
M0!`"[(&\!"(\=WO+K?6NNR/=18""#]S@@U+NH76-_L,\".!837P`EI/U][]I
MX`$(T*H*O<:ZMUO'AM5=FF0B\@QH'BX-++:AOQ=T1LSE#8T5\QI&6'R#$SY^
M^!R<$`*%8`(38!PC$2LU!THH:#3AX'&LCX'A,5<9H]=<@M,S'MABZ9>L3#``
M$!C&!`N`Y,)T84\`AF$'GBJ#$^0`@@)(L6!;7"\`D-ZZ:5;@Q4@H@@J(/&.O
M_Y7KUL_^.5A\V\V?L`(&D/?IS4%OMK>=_Y^*!)9J_KT:&:1`E]B+M/#%'611
M\)J-RW`]XZ5Q2<4W/-=!!@IZ%V1SD`-QE@)&]00;A4*BMGK*9`(/X#;W9V21
M!G.I-V+[AQBM=WK/`'OZ84$6A$7FH%L+`%>2,SE;,%XC%@\/X`>P%0+8H5!G
M%F)P8`(5<(`F9'<F4!;:1U'8UX-`B`U_@H,9E4*P0@WR8'[VI@D"D"F!=DM]
M``!50`*'47T=-'AE,$UQA@1EEP(*^'VXEG6%-P`#<$6;`7LXI5=(F`PF.$@2
MH`$DXW&KYPP#D`"I$%L+,`1`]P<B9(.W]7T\&(2>](."6(C18#,Y<%CU903'
M)8;3D&=[UDHZT/\C"[8:#38$9[8,(I9!FG@SMF5"11!.)O=^*D`RJ3(&>M8)
MR80-GA$&<H5=AR<R5[2)=+AQ*A`2F4AM;+`!!PA.3'!YJV:(F42(PEB(XE:`
M,Z"(,Y!8U&8-R(5AFQ!2,+0:4)$A6B`#&O`&I&<.(I*!IX-FS5B`I*2(*5`!
MN.8JJ(**^O$#;2!_2+A&<$`.>V>&TH!5I/8`G8)F-P-C4%`$/F!R$'`#F%:,
M'42,!"F(-F-1.E%-4W1<(L))JC<&GZ5G+P08--`(6J`%`.`$I]=Z[NA!,`(:
M(S@'14"$*+1?WN@B+E`/_():V^!ZH"!O6%5<$.8JYD!B%W!8/O"/10#_8^=X
MD!ADD$"9?9[Q>$4I,B.3:_)7`O/P`SDRC4!P`!!0!2M@`FT`<97V0>"(=A=G
M!(J(!.`'*R(TDZ$R!HQU!:B5DO6X<'Y'EI*!E;05`@<X1J$XBA!P`4,9E!!E
M*A"9ESU(6^A89')`:?YG#3(C:6]`(^8WC1C`!120%N2%&!!G9!]$8J)&8U2'
M%49@`#2#1;18EB#X<")R50V'5:#Q?\^PE6NF>B,4!0?XCPCXBSGXDWXI.D)9
MFUKGC1+';6I)08G!.JL#!W,S4E:@D22618*'<A3H02'&=WQ8#L9E?Y"F@;T9
M*K^IEJ69:9]P20$8DVI9@X<5=ES8A2EP`VZ)_YLI<YOHZ6:5)I,A@G6..`T9
MF%IO\%D+LP.1!@TAF9V8-&.A%G44F%JFMV:AT']:V9WXAX'4$`K<=T)*L).7
M1P+K:9M[R3(2-:$8FJ%`V6TB-P-_:$(5L`?QJ:&HHIXD>J(H2FX7)W+D:$(W
M4(HCFJ(M8J(R6J,V.E%81&JT\WX0@`0Y8`(KD`2C>:,S6J&F0Z1(FJ0-!9,T
M<P$J$`)1P)F@T6U*NB(T6J58FJ6C@G4%BHY>JJ4L<J5@.J9DJAE<BG:K$V(A
MYGEEJD%&>J%M&J=R:J6Z&:-SR@YB>J=ZNJ?7('A9B92>`6'^R:?OD*>$>JB'
M:J`)BJ@/11EPRJB0&O^IDCHBACJIEGJIF'HB;]J7F=JIGOJI*K.IH#JJI/JI
ME5JJJ)JJ6'JJJMJJKIJBK/JJLCJKN+DRT18K(IBKNKJKO-JKOOJKP!JLPCJL
MQ%JLQGJLR)JLRKJLS-JLSOJLT!JMTCJMU%JMUGJMV#JM?["7#C`$B)>MX!JN
MXCJNY%JNYGJNZ)JNZKJN[-JNP;H#0^``,^2ML?AA]GJO^)JO^KJO_-JO_OJO
M`!NP`CNP!%NP!GNP")NP"KNP#-NP#ONP$!NQ$CNQ%&L"\2H.7@``&KNQ'-NQ
M'ONQ(!NR(CNR)%NR)GNR*)NR*KNR+-NR+ONR,!NS,CNS-%NS-GNS.)NS.KMC
MLS>;.^)`-$2C.T([M$1;M$9[M$B;M$J[M$S;M$[[M%`;M5([M51;M59[M5B;
MM5J[M5S;M5[[M6`;MF*KM4`;2V9[MFB;MFJ[MFS;MF[[MG`;MW([MW1;MW9[
+MWB;MW3K&H$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>o68633o6863305.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863305.gif
M1TE&.#EAJ`'M`.8``,W)PTM'1EM54\/`O9&*@]32T<3"PF=@7N#=V)>1BW%L
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MU;.PK<K&P/OZ^1H7%^CHYC`L*_?W]>OJYLC&P]K7TM32RN'?VOGX]ZNGH2(>
M'MS:TS8Q,,C%P?S\^_S[^^GGY,K(Q,;`N-S9TJBBFD([.O___R'Y!```````
M+`````"H`>T```?_@'^"@X,,'1LX3FQL3H2.CAL131^/CDQ/@H>.>#D[*4R5
MH:*CI*6FIZBIJJNLK:ZOL+&RL[2G!TP+!A8/$SZG"S87+Z0[/8)."X0=5PM]
M)FH#M=+3U-76U]C9VMH3'B@S#QR80Q^YNW`;?U0],&<?$U$H'FN#P!=#'/-_
MW@^$Q<?)!J58,.+/G39@9&Q;R+"APX<0(TJ;4\/!G`P<%/Q1@TS7@P<64F29
M$*/*A@4]!OA)42^8@`E6B#3ADJ+*D$'__B`;-*+*%T)^5D@<2K2HT:-(5RT!
M$@5"A"\7-G;<!9)#B3]KLK!8H.0/"1@M+[#X\^-*$RL-6%#`:4QGP#]'_Q2(
M(!1`:-*[>//JW4MK@9,9$'#8B<K1W$<+1GS]6>`AX`6P@NS-'1`UR8T%BO^H
MJ"(HREL\'/H)PE%G"]_3J%.KSNL7L&#"4P\'$1/!S@$1CB$O#M8C0@\47X),
M2<)ET!,(*R+`$&#PR)T-8`#(<-*#PQ\D]%9KW\Z]>ZT;>3"(T9'#NH`\-T1D
M\.`A0QX7$!9002\HAH=!-PS$Z`'FQ"0!?@00!B$/@`'!;7?40(`-?WQA17Q$
MT)-``@9X9^&%&&9X%QXTP-!`*#W4H(*&))9HXHG2C``'`PY4$H$#922!XHPT
MUF@C(3H0L,.'C\A0`@@WW2CDD$06:>212":IY/^23#;IY)-01BGEE%16:>65
M6&:IY99<=NGEEV"&R1T5-1!!!2$%[+"##0JE8($!2/PA10D^*"3FG7A&E(85
M)=3`19QPN>"``W),8<`)#1S@0019..`"$7CD*>FDV721Q1\1B`&'(%N0H`,&
M?XS@P@1_!.%""F)(0,8%-`S"0PIVQ!JK(936:JLJ$A@00!R"K+`$&$N@4$!`
M@^TBR`5V#.)$LK<VZ^PI'%@1C2!',(!$.0X0>X&Q?R"K++//ABNN(!%8D0$.
MA#SQTQ^(7I".#SWXX,(?,US1ZC'@CJOOK1,LT0`,,$`Q00$B6.&!"B=(4888
M$W!APQ/`A!@IOOM6;"O_`Q9D;`$;+.R`Q`0W5)&#!'<0<84*E(!<P[T46^SR
MK3]HT,JR+]=,*:"LT&SSSC;KS///%?L,]-#A"DWTT;8:C?32>2K-]--@.@WU
MU%M*3?755EJ-]=91:EW*%$R$+?;89)=M]MEHIZWVVA'<L8H$9W0@]]QTUVWW
MW7CGK??>?,<A`=>H>4U*!A,6;OCAB">N^.*,-^YX`G(<\;869%1N^>689Z[Y
MYIQW[OGG</`*.%^"C^(``:BGKOKJK+?N^NNPQRY['UB\C0$?N.>N^^Z\]^[[
M[\`'+SP"'8Q.>KZKG"[[\LPW[WSKM-LN_/345V^][\0;OU?IHBC__/?@AX]Z
M__2XWG[]^>BGGWOVVN?%?2C>BR___*^3GXH$YJNO__[`L]_^7>^K1/SH1T`"
MV@\5^..?`A>XON+]#X#(4\4`"TC!\!WP%`EDH`;UY[\''B6`CYA@!4?8O`N:
M(H,;3.'U.NC!HH#0$2(DH0QA9\)2H%"%.!R>`UMHE!<2(H8S#.+J:DB*&^;P
MB+UC(0\EXL-!`%&(4"3B*(R(Q"KB3HE+A$@3!6$$,7CQBV`,HQC'2,8RFO&,
M:$1!!*1GQ39><8=99&($4^$%/]CQCGC,HQ[WR,<^^O&/@#P`J,KG1C=B,8X-
MV>(?Z@C(1CKRD9#<HR#96,@J'A*1"U$D(R/)R4YZTO^.DR1D)2T)1TPZ1).?
M3*4J`SG(^^5OE#F\I"FS@<I5VO*6H&PE`E\)2Q7*LA)G&($PATG,-?QMEJ:H
M)2Z7^<E0NK*71_SE([30OU)N+0\<2``F!O&!&M3`3@,P`0#<-H/02.Y;K]@D
M,]<)26?N$IJQM"8IJ/D[:2Y-`Q!X0`8"<`9!,$$,#5`!%S20`FD)X`%,@,`/
M3&`"M[6L%>IDIT3_Z$X,\A*>#+0G(>B)/7E2K0!5D``3N#`#01@@"V[+@@T4
M`(`_P,`(2:C"':)P@2@,H@D.D-6L/%J)B$[TIWJLZ`DOBE$%:G00'$UB\4*0
M`H#!H`L\K40(]`"%4A2@`+'_8`$HE-2!-4Y@`93XPP-(<"P"9*&?Q>K#L<"E
M3*"Z%8]"M2%1B[J_HPHBJ;S+'@X@X`(+H``,I$+%"!I@&E+$P`*Q",`<B\0$
M$YP@'8)X0%2Z58(%N.T+5[``6"1PA98^E!4^?2M0XUK$N=)5?7;]`UYWIU<(
ME/0/`]!(%!*``@;`90<<F,``:!"D'SQA`!$P@P<:$`$`H``$-J4!`4"0V4$`
MH00HR(%+=?`',TAA#P`P01"4H(0R-``%;?B#8N'Q!PQ\86)#4L("DH"N04S@
M4G]0J3#^X`,CP&!>]9+99U<16M%.E+13-.UIT9?:U>JNM24]PPT:\($J[(`%
M2WB"_P-.P(`37.`+\+7'"WH0`!:X(0!=`($"/L`%$+```H@5A`M`T(`+R(`C
M?^C!#A2P``:8X`8%*((<5)`0Q:*@!G]@\3&'9(,E:(P-*M##%*X`W2K(8`(!
M\,$"!L"$`#C`"T0@1%O].UI=6G3`&8UJ)0S<P#_LU<(DJ,,*;+"`C$$@"0JX
M#P`NG.%@;#@(?R""%?S*F#I,X0\H2/$?C)`%'[0*QC)6`(-$$(`"0.`/>#!!
M"Q0[`"OH``PL&Q(0G!JP":A``A08U!8D@`05.&``!6%`$)*PU?VJHK]<7B>`
M14%%,*>OP-4T,P3<@`,9&"&@5@!8`C9P@6B8@<Z""("=9?_\AQI\!089```$
MNF*"%.-A`RHP@@*<`&,'*V`L#%A``<#PAQ"88`B*S<,!!D""(2?I"XW(V6)/
M`>M8+W/6H:BUK<^'ZWH6;Z^O'105#D`%'=S`#4;@0`=N<`$]!$`&5)C#LG>P
M#R[H8`4QR`,86$"#`*2XFR+0@!@V4(0<4"$`,[[`!V93@#E0804!8(-B)>"`
M`,A(3%NV-SOQ70E][]MZ_>[H'SYP!3:8-`'["("__D"#&RS!!1>80@;\<((J
M=*$$<`C"6/Z0@"4L(+P%"(`5XC4(&P0`#!D0ZQ*N@`(6*,`(2R#!$\9]`C#@
MV07I0$`=\G"GG.N<F3Q_A`2V\(+_PAO^\(A/O.(7S_C&._[Q=,@.*J[U@<I;
MWO(C</<C.A!62.O@!1=`EW/RK0.<K0%G@^A`YO\@`1U,3`$&^$`(_E"`+%S+
M$2DP@>:]Y/>_XS+PCKA#!?9`_.(;__C(3[[RE\_\YCL?`-25R!8:4!!KP$`*
M@]``TG'O@LZ'J?>^MR7P"2%\YYO__.A/O_*A/Y0[K-X:(T#O';R?B>KW?=ZF
MJ'?X4SG^091?_0`8@`)8?.R'3*>$?Z6@?_OG2?TG"/\W@!`8@<Q7@*@P!<`#
M!V)F@#J!@*2@@`O(20UH$,,G@218@L1'@:>``!,8?1HH"N#W@0SH9:;P@"98
M@P*(@J:@_X++AX,MZ`@O"(,@*(.E0(,V6(3HQX.DH(/K1UVMAP-.B`/H)0@C
M,'N5\`$.Q1`20'_6$`+V9R(_"(3M)(2D0(1&6(8KJ`I*F'SL-P(<<`%N>`'8
M1P@-H`>6@`D)H%\,$0';EPUZP",G\H5@Z$@A2(9F6(C'AX2CD(;(QWX`1PA'
M$"E(,`((\&>),`)WD`%5@`<O\`%32`,R\#=(H`'"-&0CH`$1`(I;H`-_(P%L
MD`>S%P(:\(FA@@=YH`1_<P<:0`4!,06B>!T=@`-'D!WQ-PC300]3"&DC$(E'
M0`-N,P)QX`34!0,7@`1QDH4D`HB!R$JK0(B&V(V(*`J*>(C4U?^(@X`"'Z(`
M;<`!*?`$8+``)#``8#`'#'`#Y6$"7K`$#'`&7&`%)W`#@R0#"I`%8%``9X`"
M"P`&/U$@"Y!E56`%8%`&?[`?5J`5:W`9"Z`&?\!H67`I'D`"))``G/$!'$`&
M@J`'7K``)R`#ZO@'#&`?),`%2Y!V)D`"#BD#TL@"2$<!&J$AV)B-?C2((]B-
M0DF`+)B"9[A7!Z``"F`"$0`$)V`""M`!CU$#*(`'#[`"_Y`%4.$`$N`")9`$
M5X`$!?5:"X,#.<`"01`#=S`!)``'I4$#,9``8H`$&W``,Z``,?`'#J``76`%
M=V`'19!G##`%)_`"#R``&K!7&F`#;?'_!S=0`W<``Q3P&']@``JP`UE``TQ0
M!W#`)Q)`!.9X`<<1!V4P61G2DS[)1T`YE*R)7469@T<)`2QP55*`!!)0`G/0
M!-T"`Q5V`T&P!5D)%6_P!Q80`S'P(0A``J\5!2Z@`!Q0`)?1G`J`;FX3`1R0
M=GAP`0"@`-$@C83S!U$0`!*0`BA@!'Y@F"CP-U?``NPP""QP!57@`$I`F9:Y
M`YPA`0&@!^^8D5?@`!?0`58``#5`<3S)@:/@@:G91ZO9FD+YC:$0CL;'B*Y%
M"#A0!7[0`!)P`0W0!%/P!0O@`,$Y7\5)!'FI!R?P6DZ``%1@`EQ0!3$P`V[P
M!68`!DAP!WI@_P)Y&0'N`GLN=0$/8`+JX!3Y-`8D8)@I-@$N<`)8)0@;,`-V
MD`62!18K-6.AL@0;(`;WX0$ND`%1H0(N<`.9=B&HF:!YM*`,:H@.6@D02I2Z
MQ@&#X@!;8`0F(`,0P``:ZI\#H%(JX`=;H)4B&@-4L`0EX`4!\%H>X`4>4!U=
M<`)>B@+BY0`Q<`4;X`=E4`5`RJ/2Z`00H`(]@`81``8[0`1J\`,@(0A3``$H
M@#,W]EY=$`,GX`%@<)D04`(E$`"+D06PV@72*`AS8!W7:*"B@*!D&E1B.`K<
M>*8UF*:/L*8G2%UXP``&$*T&(`,Y\&=-L`52P`,?X`$.P``C@`-!D/\&!8`#
M4D`)%+`636``[#9(2*`'09`"1R`!*]```T!=3!!0IE$`0;`H?]`$"L$#4B`!
M4M``73`R4A`$;9`#/\`$:V$0"T"'Q,@"W8H$,F`##Q`%33!C+-``H/`50=`%
M$@"P@B`M)3*FPYI+VQB4R%J&RDH4&U!H!^"H#H$#+D!6IY`3:^4(/%`#)J"%
M%F*R)VNF*VN$+3L4'6!J<H"'#/$!#[!-IO`$<S$(>M!J@B`#25!8OYI.)QN$
M*3NT9EBT/2@+0#NL0NNUR?J:I1`'.K"V;-NV5ABVH3"V9%JV9EN"8"L(8]`"
M>KNW?.L!=@*W/@BLH2"L6XNRJG"L=3N`=_O_!P#0!X[[N)#;`FL$N(&KM87[
M2'2;N!&XN(T+N9XKN91;N:Y`N(6;N9JKN&A+"IWKN8\+NO@S`[`[`Z44`3ZK
M6JBW"EC07GE8NXZ``[4S(W*;H*9[N@'(N:P;N6NT5V`0`,R[I(.PDH2@!R-R
M`[KI"AF`9PU!F:/`E$&0=L`KN#UUN9A;K**`N,2;?L9[O(X+NN0H"'1`"1&@
M`9/X!V/P`!JP!B4@!A_P`D>P!5B0`B(0)S*@`ENP!?WT!S*@`1N0`O20!U,@
M`@@P`Q^@`0`P`&?`'E7[`'MP'7`@`R(`!_0PP8)P!@B``$/P9Q%07`F<!`@P
M"!XP9S`@`WPGPD@P_P`><`1L4`1V`+OEI0)-X#9P@`5#$+7>$;RI.;SGB[ZI
M.PJK>[SL"P%EL%-$<`,SL`14\!AEP`5!$``J<`5@0`%^>@(9L`0[``<0X`!B
M4*B"L`/!T@-6$`<W``8V$&@&H`8@<`)^H&<^<'(9H``HT`0+H&@"`)%$H!@S
M@`8NX"=4X`"S&@16X`-6L`-3<`,F@)LP\`^#<0=<T`,S609S4`+%F0-^D`$"
MD)?]X<@$ZA!-,"T..`&#(@=*,`(9$`,[H!`>4`,@``1:!KZ/0+I;B\1)?'[I
MJ[Y/;`3>Y``X,,E9$`39"0-!<`(&,`%,$*)#(`$F4`-!P`$V>J)K?`)K:_^E
M-V`=AW52>-``)_`'#6`!-)`!(N"?)[$"GUF565"],Z`&3X`$C[*7>.`"8"$%
M)[`5:W`'67#)QC`8".`',J`#/X`!'.%7'``#$J"?6-!A@"9H"_&L54<(6'`!
M:L(F!34`!Y50"]50Z#2ZXBN(Y!L*G"`$+-W2+OW2,!W3,CW3-%W3-LT"NGL*
M3<RZ3_Q:3H0&6K";C64%MQ&BPU"<Q@('%_!:.:%8S#;.&K&K(+$")Z"4[A(0
M5'`%N.%`KA&1%C`HW<(L"P`#N8')R&*K@]#0/3!?,[#468!5A^402.`!\$D(
M44`"T(H#F=+"7IH!CLH&%T"2O8("'U'8Y(`*OAS_M"DM56:@OH[]V)`=V9(]
MV7T`NJFPTY^;O+OVA,\J!C$@`!]P`1F0!&/0E0FP`S>`!WYZU+3,!1$0!`O`
MU%8P!5%0!VSPU&\2U5$!$B5@!%9YU8-@`F#P`X,P`T6P`3IP`3\`UBX0`Q)0
M!BZ@!V"@!!\``3``9W=P9?C$`]@4!45`!19@%1Q@E1KQUEX-$3C[!RLPJT9P
M`GI@67]0+)#A+:Y&1R?=2"$8`HU-V?S=W_X-V9:-"IB-O+I6!Q!PX`P@`!F`
M!%P0I0.@!LR;`Q,@CZM-G#&@`R<``0H@`$SM=7Z0E[AMF3TJ5A;``G40`#%0
M!&7P%C90!#@S`W.@=-T'_]8,P+S(@009``%@``8PX`0Q[@7G'`-+``$Q@`<0
M<`+%R0-+<':D8MYQ_1#IW0%&]P=<D`!G!5L*8`%J=0=78%OUC=CWK8VJH-__
M7>9F[M\!?@H:D`-LWN9N[@9=6`H=,`,.I0&W>PP5PFYA50P?,.6GT.=_P`9P
MM`-&0`B`$0%L$(5_$`=V/@@1L$,=H$MLT%XZ,+G7H0&B4Q0Y<7I2T`]WX`4J
M<`/10`0<4`97@`=CH`!^;L0^F=_[?>:P'NM.;.EZX00'T(:I[`$@,`M)X`)C
M0`@8<`!+C"(YD61A!P(E,%!0)F549F58MLN6&^8*NMB/0.:R?NW7GN9Z@0%Z
M`/\'Z/4!?PL+$?"[_H<!NT<C,BP(;C`B'R`$'G#`")`$4WX$0K`!5[B!T2[M
MDD3MCF#MV/[O9J[MH5L)9I#3J<#JV>CJ`+_P_RWP`T\+"!^("L_P%#_9#O_P
M8LO+CI#89,OOA.#O%1_RQ$SK&`_Q&D\('#^W'C\(("_R+M^Z)%_R&9_O^EZF
M*R\(+?_R+G_Q,N\*$0^&$Z_S.L_S/2]O-%_S=Q3T0K_S,5_T/G_R@Y#RPGOS
MY?;J2R_R1._T!P_U@B#U1TSU.7_U#)_U6G\*/P^$2B_V%$_V95\*9P^#::_V
M"\_V;3\*;_^!<2_W_T[W=1^W7+](2+_OJQ#V>I_M3=__]V;_]U[?ZF!O]86_
M]X>/^&ZO^(%/K(/O^(]O^))O]"9=^7#5^)D_]Y&_^2Y(^9Z?]*`?^I!/^JIP
M]PN8]ZH?\*//^H_@^OL'^['?\+-/^]#>^:?O![B?^_W-][1O^^$7_,)/V<3/
M^L;O>\B?_)*]_*3?_'_W_-`/X+O/^U].;[]ON*E`^-=O\=FO_=2O<]8?_B.O
M_<ED^K]__NC/T^//^^5O;^[__@2N_J0P_[%6__8/"'U]+1%_AH>(B8J+C(V.
MCY"1DI.4E9:7F(U.=IE_7GZ@H:*CI*6FIZBIJ@<8EB%F@K&RL[2UMK>XN;J#
MA9V^O\#!PL.5&S:($@QB8ET2_Q\]%S5*?SX*"AN(FYV?JMW>W^"EK*ZPN^;G
MZ.F"A,3M[N_P\89X$UXWB!0''@9<34D*(FYD`!+@"P@C'0X]*>.D8<,M>"9Q
M"T>QHD50XRJ]4L>QHT=V\D**'$DR$1(/"JH@8I'%D)4')"K\42'0Q!\M%Z@<
M:N+`CD^?#!)*FGBQJ-%3&2EM],BT:2Z0):-*G0IL1P]$,"X8NA!C@2$[%RP\
MV,K)D+9,1(^J59MTTE*G<./RHDJWKMU'5K%J_7.AA-<_=A2(-72%P:&SF-*N
M76RQK:2W<B-WA'JWLN6I>0\Q"/#G3(`N1H;\J1'#PPD\>B[@.%PV,>/7%QU'
M@BRY]O\YRI=SZX;WHX8A%2QD<(AAHH0.!B=`G&`@XT2)*S"RM;ZD&+;U5+(A
MT;;-'1?NW>##^V+RQ)`(%7\^V+`1QU".!W`D_&&C0H]0L],M5;_.GU3V1]MU
M)^`LWXEGX(&53'`&)HA1U]^#2+6B43D#5DA@+Y.X,<2&'':XQQ$(ABBB(@WJ
M!^&)H_SG2(`6"EB@(Q,0(..,-#K`Q(@XBEAB)?NA>)V*C;#8(G<O-A(CC4C:
MF..2!NY(28\^P@8D(T(.65N1C!R)Y(Q*&C*%!CH(,T((C'P0$4EF-F)F!T@<
M(H$.SMS!I"1.2A0EBE,N4J65D6&YB)9;$M"E`1>0<$-YY#7_T@$VCS2@!R,)
M2)%)0Y64T$0CD=H`P"$1<#!"`AK,&4F=0]UY8IZ*[,EG7'XJ`NB62E(`@0QW
ML+"$#AE4T<$'(="J@Q-A$@1G!S3(8(@$;$0P`AX(3/''&F#*9\@+.'00!Q/.
MKM'F'T=(0*RQZ8VP!8@FH(`$LGF0B<<($51KR`=R_A'``!B`^X%\\%([V`=Y
MD`$!#B]\,&:Q\B&AP0@C2#LGJ9%`:>I:J":BZJI.M9K(JTG>N$(=QN(!@PY@
MS!&$`B28H$<6`H"A@0-H'*`#"0N`(<(?(`20!0D,<)#"!R@'D,,A"C`0!`E6
M+`$'##[\(0,7$<`L,U\G9&$%$T74_^'!#V`L@,(9#"@`@0LE&*(`!88$8',`
M</RA0!Y_W-!$T&+%L<#<_]Z0`P<F>+$$`V=P8<4)-TBX<'X\/OQ@Q(A,3#%3
M%B."<8TW(I&!U#?,G!<80?SA070'[."$5T0X@`00$&R1!14?U$$H#$1P($$#
M&1RR@`$6.!`'""BP(8`&.]P0^NBS0G",`+3'H$4=6WR@@`\&U('#9G],8&[9
M(,11Q@)(+.#$'UD4,+M8,9001PK_9O'%!0Y(`'825R"1@A4SB/H'PY`X;+A1
MB!^B^.*382C)XURZD0XH\`0#$&$!6\C+`GX&`!3T``R>\TH6N.`"%PC@"R0P
MEA@(%80;&/_F`^#ZP_>^\(>\",`#51#!!"LH``PLH`!J*QX``B"GX1B`!']0
M`@DV(`82EFT`?X"#'XZ@/>YYCW8/R`(0X5"^\[WA#Q:(00P:\`<$D"!^HJ+?
M(^QWO]@(SBT4XM^5_!<)`,I(22(0PR&6L(*\=*]M)B"#`B+H"1C,``Y#((,`
MV+8$#E:!A$WXF2&^QXF\U,`%!ZCC'8?`,Q@JH'@Y6,((_M`#$!A``8;8`0G`
MT)ZRE>$/.0!#!XH(@2.*Q0N?S$$3+_`"*,:`"#'X@QY.@,7!;:.+/_KB8\(H
MQCZ1$1)F%-2-9&`%%'B@!EPX@@H6P(`WWJ`'20!#"9Y@A08`(`O_*JC!#9`@
M@!N8H`BKZP(86#*60=*ND%>A`AA0\`<59G.;;WQD";P@A0"48&@:N*0A9("&
M!"#"9C`X01+^4`<B$*$(IGR`"!:0E56V,HI46,(\`U!+)FG1$5S$)47R9XC]
M]1(=C3M$,+ND!!4$(04@PH$*<E"`,#GA`2R@P`]D```5X$$$#4C!&OXP!3VD
MT0!2X($$NA`$!DS2$`60`056PX,P_$$"*^"!>7*ZTY;^H0DRT(`*GL"$!CR@
M/#*XU"!A>(@"%``&+)#36;_0TJ12X$9?>,`*&("'`N!`"A_X`P7(U@0##(`$
MNLS111N148V"@Z-_\.A'S1'2J9"@!B!8_\*-ID(!%]S@3.W80!9\<`!VRF^P
MC"BL8;V!6,4N5A>-E8H>@N"`'"@L*CQX``W@T0$5.$`.H?HLX9XT6L:4EI>G
M;4IJY4?<$(%V$:+M+78"JQW@!O<COWS$$?)`W>I:=PH+*JYVIW)<1217N1$B
MQW-9%5U'P$``Z$VO>A40A>VZMR3=3<1WP2L.Y@+(N>-51VH=@`HO`.&]``Y)
M?!$Q7_JFR+XKPF]^05K>1O#W%/X-L(3?,>!#%-C`H?CM@H7;8$8\V!01[D`O
M<``N&>1U$1_`$![84)<(='+"\*BP(2Z,83]H>,/0K<2'2Q%A/5CA#Q$00P#P
M(($+I(`163G,7_^BTH3H<$"0,*;P;NU4X\8@.$@*QC%J.[R('9,BPDZHPQE6
MP`4_;&$&%YC!&E+PA9U&(`(``(%6XM""+RRY,Q[PP((^((0]_.$.6\!""D30
M)A$(X5)Y,-8'T@:'"K0@#B(8@@S.@``$#,%9#>""#,APA#LPX-+/@D,34I#;
M*$]JRJ6J<D5NK&7]<ED17AY%A/&P0!5<X`8&L($)<&"%&/3@"DQP``1*D(`+
M:``"(+@"&@ZQ!>>@X`)ML`((3'`%(%S@!!E8P@X8P`4B!&`#/=@!8#A3A!Z@
M0`THN$(59H`&%R"3"A?P0P$N8(=T@\`*$RB`&CB`@B68NA,R]H2J5WW_92IE
MN=6WV&]___N'$NR``R!(0@DL$(0!6"$.RO.``Q3@,2,K0`)C@,`A6&"%.ZP!
M!B70RAH",($+#$$")JC!!,0P@0$H(=SC_@,$5@"'.K!A`&E6PQ.0X`(BZ/,"
M+(#`$R10@AX4``(?>`)G_LT@5#=LX!LMN)X.CO!:*!S"#-_`#7"V@@4<8`*9
M";<#'/"'K*Q]?DM.LB%B8(%!VH"5KOP`"@3`!7"+VPZ<T=X,_@66P:^&[D=_
MP+_:?H$"M.1S5*_Z+;%^6*VGBNM=OY".%WZ(.@C@#$?P@P">P(`E3)<$.7A[
M5@Q@A0Y,8`Z',$`6UJ"$*I3`"DA0`C/Q'L4)_S``"27@MP-&X(#`.\'PA2_"
M!G1P@1\80`Q(N,``ZA`4(Q#!\7"/_"4"3F,,LSKSN_@ZB!GN"<\JP`AQP(,"
ME@"!!.!!]1?0@1?`8`61&T(',0`#!&"@@0OH/PE3P'LQ(`5U``9+,`,;4`0!
MX`7&AWQI-@<!L`0N\`$B4`0>0&\JL`1@<`5L@'V0IWV5P'V45WGB!7Z,]6J)
MP``9L((LV())P&42@`&KP0A:L"V(@`%A8@@SD(.*\`$8T$DXT&&#%P%L$!$Q
M^&(R4(0@Z`AWT"W'H@,VB!^3-X+=\'TFZ!TH.&$8X#)+*`D2,``68`$@P`-W
MX`!7D`1Y-0`WP`';P_\:4TB%RU6"5_@462AA=X`!K]6%C=`T+_`"=/`!.R`&
M:R`&01!F&I`!VZ00#.$03@`15`:'<3@A<[AE>EB)E.`$%[`'0G`&,G`!;C`3
M-^`#5X$3,F$("\&(C8A9]0.)JV!Y$H-Y5SA<E@B"*R!M?C$`?P$6@\$7K2&"
MK(@*5CB)M""+LQAY(_!?=V`%1#![?Z"&-1`[T6<84H@6OPB,KI@XL&B"Q%B,
M_[8"Z.$)27`#)!0$'*`"5R`!5'`%&.*+U5A?<BB,7E>'W`B"]>1KP"8"8)``
M8,``'Q``'&`%L>.&U-B.[BB)\&@+VSB/,"8!4V``73"#5&``&B`G#5D`]S'_
M/U:WB@3I']>H/]D(?@FID"+)CAN981W941^9>2$IDO-(DB5I8R>96"G9=2O)
MDL7HDB49C`>Y#O)HDSZ)DQNIDSM9DSY9B4!)D$)YD$19E%UXE.V8E/"XE$P)
M@DY9C5`IC%(YE9%7E;]XE9.8E5KY;US)BEXYAV`9EE$VEI!8EK'8DV@YBVH)
MAVRIC6[YED:9D5OTDJ(PER!9EW;9E'B)47IIDN^XD[%PEG\)8'%)A7RIDGZ9
MF-JWF"/8F#3YF)!)=9))>92)<(AYF=J5F5BWF:W6F9Y)7*`Y<**I9:19FED4
MF(0UF!@1DZ;%F9;)FA-VFJJ6FCBVFK:Y)+A99;JY_V&\V9LX\ILU%IP+-IS$
MJ2.N&5JP"9.%:9ASL9PMV9S(]9S(F5_*29T'8IS>)YLS29O<R8W>:6#9.5[;
M.9[A49[T=9[/E9[JN1OL"5[N&5SP&9]4$8,G)I"N`9OU>5KWB9]1@0<U4`4W
M`$3\Z2#^"9[2J7D""F,;L`1*4`8*L)\+,0,8FJ$:NJ$<.@,"\)Q<(`(=.J(9
M"@<>T*"R\`!N0*(LVJ(N^J(PNJ'[^:"'``)A\P$7`&4?T(<\VJ,^^J,\2@:5
M-J1$6J1&>J1(FJ1*NJ1,B@!D`*10ZJ,:``546J56>J58FJ5:NJ5<VJ5>.@5\
M$*5B.J9D6J9FZJ-00*.)L/^+]*:F;OJFG1`ZZ7$%C`*G=GJGCV!Q3/`#53"C
M>/JG@!H'5W``5G!D@'JHB$H2.C`S>B4"<O($9+,(874(>!`4B8`'>"4,'4!6
M)!$&6V`(!N`L(_`HC&!7A_`!4J"*EW!7B8J?3U`'S^("=7`C)A"0BJ!/AH`#
M$%!1?X`#>!<,'T@2*.`;>8`&(/`'*S!UBQ``K?$"JN$+8-&J\=D!W_8$7``0
M.'`%5``$/5`%$_`'-O``-:!/+'`#-5`'M100*&`%K=1!);`@/K!QQW0#CU(`
M-^"M?Y`"`U`%'+!T+*``*``&49$")_`'0<`%5Z$",1`',*``)6`L-J`")<"L
M,M#_07(V@V?``3?`=AM@`+T:!#/P`"5`KVWW`#<``A\`%C3@`Q'A`2L@K<3)
M`3LP`"?0``Z@!U5P!`*0`0]P`:EA!4EP2?/V``DP!UC$!%GP``Z@!B_P`"9@
M`SU0`Q)0!"`0!!#0`!R@$@>0`4%P`1&@``?PKQP0!@M@`S$`>R6Q`@*`!U8P
M!`K@!%4P`#!P`RS0`S9A!23``LS:`&$K!L_:=@I0!C=0`0]0=X-G!FK@``^@
M/0MP!1<8!&`Q!4N@`5-P`SH!L[8)`":0`"B0`UP0!"40H9.$`D2`/G]P22!P
M%5.`KH;```+`4R<@`@%0`SM0`TO0CT\P>#(0K35W>S.@_P`>P'@J8!-`(+`E
MT314`'5&<#W6^DFD\P<'<&3,>@.?=#XSV``+D`0!4[A_<+A[]`<GT`4+\$D,
M8`71J@`3`+682YQ<X`43$`$0<`*:0D-_P`$U<`'1<4DQP`%`MJN@BD-!9@9+
MD``/(`<MD#W'1WA>6P0*T`)B\+L>FQ5!X$]2)Q5$4`5:D0$G``9KD`7?^JJ\
M*"]@`40,\+<?P``]4`=#P+U,9`89]`<D8``+\*TY8+Y:<4DW<`SK:YL"$``X
M(`$GX`<K@`-")P-YB[^G"[P9I`=H@$5`P#$,4`1OH``P<`<#H`!W('@*S``<
M_`/P\TB,IP=@<`8>L&Q180=S,/]075`$[&1N?U`&B=2FS(H"*'`'"O"W1N`!
M=U`#-2`$-W`$,``!9E`'.2`#$``$"Q!+-4``T<H#$!!A.\R:*A"07Q`$83(!
M)W`!`^4H?R`%59P!8L`!/=`+$J`"8H`");`%,N`"%^`"QI(`;^8I3=``<8#!
M#=`#90`#DJ('#8`$#D`"',"_41$'-]!>4V`I?\`$'"`&52!5#7`IED(!1G`#
M#=``1Z4!)',#'W`&5W`%K3-#-R`&-B`!C2L&/:`$LVP(OJ.JD9R8'7!42)`P
M3T5=9#(F?[`N?]`!6S`"<'((@'8$(R`G.K`%.7@O;R(!^/PK>"`#.+`LB35)
M2$`#.N#_IR/1:4\%+^_B!"#R!PYM)F]"`R$@S_M$T/N4!W&@`\XZ`Y\J0BR0
M//<\2>5+?NT\TT4)!PFPGTZG"!?@3S3=TS[]TT`=U$(]U$1=U$9]U$B=U$J]
MU$S=U$[]U%`=U6BY`C:[,^]0`!G@`#\P65$A8K+$U8Z`!V`MU8=*`U?``1FP
M`#O`SK_0!%G``5UK!%-1`/[TS)'`!%=!UHGZ`%70)C)0!6R@`P[@`A,P`C3P
M`W^@`P.@`S\P`0\P!65@`@W0`4?@M"J`!$@P`+U@Q&9@"#QP`Q$@`R5@`N@1
M`2G0`"9`UQSP7TW``27PLFS`N0,@`3E``!P@!0J#`[C#`O&<_P%&\``?X`)@
M(`430`-[H+D9T`9&D`$+#0.2/0(L4`=)<!(H``(AI-=OV@0!8`5",`4?<`2H
M7+X/`'C=FV9@<`)2X``'(+LJD+K(L0.9W0MEYR8!?=83L`!P\`)U\`!$``$H
MA`+]R`(J0`)/<``@P`)>H`<!D`1)UX9_8`1!T`5BL`-E4`4,0`)!<&\\0&\*
ML!P+@#,[EP%>D`,!8`,,X`<,4,(&<0!1B-UJ*@,3P`'^R`!_$00F0-YH-@,!
M,#/`.Q]C(`!58`%7H``;;0CS?2P1<`9TL`,6``%]F$'D;14V``%A&``.4`?.
M\@1UVR;,8`@1,`<F8`$"H``#(%%Z</\'1Q<8WXISS*H!$J=MD.<%)&`!YU9J
M+DZC'H`>=T`!`;!,<I(!-\X95C0#;W0%0*0$&^`%)0`#&9`"%ZD!`K#23A`X
M)(`"D].'JA'E/:`"`0`#,.``$P`!A;`%+&`"9'(`76`(&%`$0?#I*;`%$U`"
M!Q`$:0[&;&X'S]$`7D!'6=`#GNX`,WCG-&H#7K`!E2H`(G`"!H`$6UMZN+(`
MA`Y#P=P!N%P%S.U5<=`$)X8'&7`%-!`'#A#I=:`%)X[I.*#IR<L#-!`#&P`&
M=D`#1J"W*T`#$-!>?P8&`P#N!2P'>^P"_("C@>&QMTX"9<`&`1!!,T`$*'`$
M*Z#-PNZFG.Z[!U80*E(W;"`2Q"C``6S0`TY%`S>P!`IP!D!``B!_!A]0`FES
M"$&P!$O``;12`DMP`\\!!R7P`1O@`G_``IF3!$M0XG]`!3$3.T$`!F#PK3M1
M-#5P!C3`!1!`X&$0`!X0N@D`0T'``G_@`AM0!F#@!0V+`#%P`,&]!`O`-@_O
MII0=+W^`!,'>A(N`!TYXSV^/8O=R"$>`!WA`T8CP`?>Q!B(M,(J`!'/_9SA@
2A#K`UO3=)O<"^!?=X@\?"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>o68633o6863306.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863306.gif
M1TE&.#EAOP"\`.8``+VXL?[^_9J3C;&KI-32RL*]M,C$O)N6D=#-QLS(P)*+
MA8F!?,K'OJVGH2\J*<W*Q9*-B*&:DDQ)2(-[=_3T\;:QJ;JUK>;FX<2^ML?"
MNLC#NN#>V'-K:-[<U:JDG=K8T::@F<;!N*2>F'UU<8V%@.'@VLW*PN3CWL3`
MN&-<6;^ZLGAQ;6UG8^+AVU%-2^/BW:2=EJBAFJ*<E=W;U+.NIUU64[NVKM?5
MSD`[.-S:TZ&:E-G7T*BBG.CGXZRFG\&\L^WLZ<O(P,?"N>KIY;BRJLK&P6=@
M7=W;V,*^M^?FX9>0BLS)P\[,Q>;DX,;"O=73T?+Q[[>SK<6_M\[*PLC%O^7D
MWX^(@\/`N[VWK]O9U<C$N_GY^%A13_#O[<?#O$=!/\;#P,._N,G&OLO'O[FT
MK,"[M.?EXL;!N;6PJ,_-R>?FY)>/B,7"NY^7D(."@LG&O<K&O<G%O:^IH??W
M]:.;D_?X]LS(QLW)P9"'@<7!N,_,Q<[*P\[+P^?GX<_,Q/___R'Y!```````
M+`````"_`+P```?_@'^"@X2%AH>(B8J+C(V.CY"1DI."*Q*7F)F:FYR=GI^@
MH:*CI*6FIZ9@?PXX*:ZOL+&N1K2UMA)&++J[O+V^OT9?.!)<O<(.ERXIM34N
M7$82-3C2#@[2*2ZVML,IK=K?X$:RL#7EYN<UE\+H[.WH7-6>7U\.$*L36``J
M9?ME!1A2`@I$@2)$P3-",F30P+`-#0($;D2\0;&BQ8L[=ER\$48`#2(1!EC\
MH2,&K14`I61H<&"!"@)B4FC@0&0!"@MM2*A`H>6,AA``8EA9L:```CYZ^/`Q
MP93I&#A0WVA(*.3,&108"JC8"@`+%@L6R)`A0I8(&AHTZ*3@X*&LV[=G_]&<
M18MV@%T0(Y0H6;,&`@0%@*V0<*#@'H`R97XH_E'@'T`44@X*J3I5"$.&!4C$
MB#CQAL:*&7=\R.CY@VG3I,O`B!-'PX$\""CN4&&%R%<E(SB04%)@09@;""8L
MBT."QADE/NC(4)""#`06$U0@F#[=CX$X?/SL,7'G#M,$05@;\%(UA!0,B_FI
M\&H#;-BQ1"K(24'B/5FQ92N0K5!!+EVZ=BFQ@@)Z[=478'@,9H\#$R"6V#^.
M`11"")-5>-E"EVD1AQ<>6!$1:AF-AMII));X`0(1D&'`=1&P`$,,HA$@``\1
MR!!'1K&1YAD3$R&@A``'Q-&2`AX(T(`7$!&`P/\8>8B@0QLR'(#$47SL<<<8
M5T+%6AP&:'"&0>9)H1AB^JQG0WM@D=&&`NZ)Y29^;O'7WW]H>;`&"2.0(("!
M?RF`1SWW,-88!BD11"&%#'EQ&4,K7K<E'"#X(1J).7R0PZ658FIIII?>$`$:
M;VP9!@UO"$"`:0BHP,8-)(:HXV<4E7%'19PIR888"-#0Q@('V"!%"#0H4`8"
M?FC'5'=W))```W#$H84&&92'558_8(#85OE\5<$$`UB`A0UDO/?F6V7)-=<`
M-`P`PPIK[-E7GX`R*.@_OX;PY613,?KLBJR%RH`8<0!,1@.5;HKII3/DD+#"
M!S/<``]PC#&&&%J^T>3_I1UH:J*(I'W@F6P7Y0&D`G(<H`$/'(@@!!%XPC#`
M'=0I9<(4WB5PAY8K5C:A0%D5\,.U70VP``\Q?.7>T>+"1Q8:_`%(@P<<""``
M7WXI$.\$CA54$(66Z?MLJ(XZVF^H<*1`0,(S+)RVPFMWX';:<!.PA@%!/)5`
MQ!*/T08?':3M-L,-GW8#D)-B%$0;>330P`H@:(""$B1X,,$"1`R\QI1\!)&`
M4E5RMRP#H+?6Y4^0A4"M@PXV0$)Q7:%Y]+C[E3L76@LL(+6!5B\X`09AHF!A
MUQHTJB&_6\;1+`-C!($$"58@,,/;<+LM_?0;_(TU>%`]=4<0*I```1H?^/U\
M_\)10"!'PA_<P4(P$WC@*D4>\T"#`5)+H`!#&`CP@PH*>+&0!T2APP0.``.E
M)*5*R;H#Z-[PE-94Y4L"D4)C?)88/"R`#NOY"AF^A28W54YI\4&+7(2FISTI
M`0)7J]>$+,00+32J>&\(51QBB+P@P`$%$#``!CP@O>I5;WH]].$-%$"&*REK
M#`DH0`P4,`$9B&`-`)#>\VX@!@%X000$N)0`2-`8#_"@8*T2`4\$,(()1,"%
M&O!`GGPPE87H)@5E(`,'\&"%"!#)`E;J#GB4Q8`WY"PA7X),0'SV`P`(:`)*
M*!H`6B2#L*0)3G'Z3P,0V09W76U""`&>"\76KQF^`?]TH(.*YN`@`C0DCP<=
MV(`J5\E*'ZJR!!VX`0P.4+?DC0$%!X!`&\B0@#'L:0"B04`'!D""%?@`1FD3
M`0<``(<(@,!@E=((#*ZCA`.@H0`&T((69+`":#V+(2@H0`-00`2II0`%"N"`
M`B*0!S\TI3MU8U:7NH00@_!,,6A0``DX$`$:[!,"7VG/F^"CGQ#2``T`1*34
MUG`U?"WJA>*A80P_R8!E*0L\#0"!LNYP``2TLI4E>"4K2R``%.RQ`B3`@@#B
MP(`@D&$%(K"!`,3``11`3`8<B(';QD"``S2@#"-@`1\NM:D/^.$`7HA#`XBP
M`AX$SP`-N-^B,F"`:%F(4!S_8$$,BE.`[9A`*=N[$@-8<YFN[:QGBE&!$E@@
MF`AXA8,=Q$]!9]<`#DQ`:@*XVE04I0$N<7*&H/M<+R^JK""4(0)QL-D=8H"$
M#91@!C?P@F-?F4J1EB"DN>K.&*S0`1$TH*)/:2D<(*"#O-#`"T&0P1@V\(%*
M\F``&2C#`FP0N#SX8$L\*"D<##`&%_KUFXNJS$\T@`$K3(")TMD#4I9B`F7!
MX0UBR!FT)@-!"2Y&#B-801NZ\JUO.=(^1*#!T%PV`@F,H`T'4((#E+"*!;20
M>/WJXR?'T%*)$?:B<%`"$@B+@38D8'(K&$%(8;E:5<Y@P(XE0+JL``$,(,`#
MV\-2_Q#JIH()-$`%,2!"&((P@!]D#`0#D(/Q$N"<A6&JIWE@C1(F@(8,B(=+
M3YUG<*?2DPSD<P(TF(Y2J*04FH6N40RQC!!,%QG3_6``%8`<$0#`71L8S4UH
MF$`K:K"`$:P!#VW(<KS<^U09`I:&$JO;?0D;`2+H4;$B($$-4E!&$+3!`S!H
MPPAN@((%J+(%E]U!#%0`@#!L8`<3B('-;-;<9,$A"#P@PX;1,`!54D$'/JB;
M#:TP@RPN[`8@$`)K\K!B)31K2XV2+D,64J&$9&``[2,`'Z8#`#\DQ016"H)H
M8:P!+51H0E@1DV(```,("``")/"!KN1@@0J(10966$`;(O^`!P&```81J.1Z
MVSL\XTTTE/0=,Y;.'(4(%+J700A#&]"0`A:0H0!KF,!Q)S`".>0$`9<M00OP
M?-EYMX`'$%AQ')!5V"!XP`)H"$(%?+#*C@0</`L@@`)\X+R$>:`,8S#>&;+K
M1[*M"`,+^29P9PR`%,1`+SPP(P].?8>#[OMNK$%CQB=CD&EI97^\MB`7)M`&
MQN%A!*]M@`^\&`,1T"$"$=CR#(T'2E`B,5D713JR[I`!/'@'GF/@0QN(,`8;
M3,`$:+"R$72B`P5DP`..I;>]\=R"&2@``C+P=K*.%80[$&$">0A"'NA0V0WD
MX``J,``:G(T&$N@`;1X@H`Z$4$S_#G#I43:PZP@P,+H9:T!10J"!"HC@`3SX
M`P0!)H$(#G"`[0&VC\&C]4]P34BM\!D+/CA`"KBP`!8L(%URT+D'>@X#&;1A
MV@Y8@+\D9G0D(G',?*Q;&WZ@V.Z8``LBN)(),+#T/-R!#T_W0`L^8(0!C)W>
M'X`PLKC#'7@:?PD):,`.ZIX#&`A`!#FH3P+D8`._%4`)V"6"`7;[8@9X89%P
MX,`!I!"\X(ZGK-"2`5=!3J@G!7T'!]P1!``C-J,C9$,F)NBQ/_D05SZ`+G8A
M!SZP<[07`3BP(`O`&GFC;82E.9J30%[T=`ED`GB0`;#V3MMA)0EP+#YP`Q"P
M`D'P`O8F_V]X!@(R8&;<5WS;UQTB$%*KU`$T``,=@``EU4L*T#<S$`9K$`5>
M`!5P,%;&PP-YL@(QX#$V$`$"4``"D`>/5VOC@2]#5D\L1Q!E=`?&<C<R=!U=
M4FK5A1Y\QF3>15#I$F(ZQP//1@<X4!BY-T-5.&ACABS;MCT)8`,P$(/>P7UQ
MH`#&UXA-T3DM6&$D,`%.X`$^L`0OT(DXV`((0`9R@`:OM6^2^$X\`&_Q-ED;
M4')(!P%A\#PYT(5R(`!MD`$`8`,\H`,+H$L<8`-Y-QM6P$0D@`9\Y7@Z<R@H
M@&H9X`<(Q'N>1&M#-F18X1C\4`8<9!]GH8<[QX<<Z($\(`<3]O][A7AFR`('
M`A`&QM<4)@`#9/""7O55>S"/\PA]=[`/"Z`#:*`"$8``GE@"1"![_]8&.D!H
M[-@=N%0&.1!O1'@#$U!88:`$?.,V7L`#92`':V!<U00".T``93!$`/`!:#!;
MN/1K`(",M59J!F$#"J`"2;$=A84\?20Z4_$EYN$8/W-Z3Q9"%]@`/`<#?[@*
M+L`"ZCA8]W4LC+A],&!FC>@=>[`$`&`%6$")+4B/\\@4RO558J!<!D`#)=")
M.0`"[T0#!S``\7@L3X<"1N)8\G992MAVLN8#*S!^X_,\.T`"93``5F<#8_`!
M!+`">^`Q#7`#7S4`4:``/R!CBX(&#0#_+5+P)1$P`0:@!P@PC\GR>V/E1](U
M(6$2@?SP5@)E%GD8>QX`9QVX"BN06$C7?3$8@P=I?(N4`%G)7-OA!W?0!A"P
M!/)HE;QYE4M1)7P``S[0`2?0`A``:YM#C]#'CMSA57<@!Q"@BJJ$`!6@=#``
M`ZK4-V_3`23@!1(C!'(@`JA2,&,P`E8P`DQT!VN0F-*5`1BP/I>X`@!0$$J`
M!<YH+,UU1*`#,#"&+X(T2-C8.F`1']L88CL'`D'I`"D``/F9=)[#?4BY!QE@
M!2^(E;#V=";P`P?0G%72FQZZG'Q0``>0`R<P,&PX!5CI5?/HC,?"%``0>/$6
M!A^P!O/3'0L`_P`_L`/9*3UA@)=5N#P6D"FF00,H$`<RX`$$L`-><(MDR!`V
ML`)<1`!^T`8<L`:V0RPRTZ"]!#KA(7HM9QYTV#H"U1_;2)H(NB`L$`6_%XGK
MV!16PATR4`8R<Y5?A:*P)@,-`(\>NJ=W@*)\@`1MH`<?4`$@L&<S0X\IF@&2
MB&H<P`/RIE9*<`,6H!<@$`9X@7Y2TD,+(`)5B&HH4#"70@-A``<A-AH$$`/:
M]%2UI@&SA0`080)D8`,`0!WN=&9Y4X7BT27DP9DWR0]V""Y+,YH[=YJY9S-8
M\IKL:)DF,``\<`?UV*'*Q0=3P`<)T#\INJ=[VCE\@`(PP&`J<`-6P/\Y8#6/
M`(`'7G`L'+``2'`#\B8#44`$,9`%-X`GVS,`.A`&/N!6J40`2L"78^`#$W`V
M!^,%('`&<2H:F):JH:8!2F`%J8@`<>`'U($`>N!JS*5`54A??:2KR0@9%&2'
M&D2@L.>3Q-H^:.":S,F<VR$&;3`&]%@LREDL)@``"I`''0JMV/JLO,D'<:`"
M`C"OO^E.?)`'*-`&/@`":*!<:S(`\O8`,N`%=_"B,R``$6`S04`#`N`#=R`"
M2[`!!"`'O:1`"E``?8,P'P`"$1`%IX$`(A`VH08'0H!>$#`!5M``$WM`K!E*
M\N57E2$$OW(>!:`>7:&-C&:@Q#J4$G"L*6O_H<JE`"C`%$I1C\]:)0FP!BO@
ME#F+K;_)%$Q@`2"@`.HH!D@P!CZK.`O@`0L``EY0!E'8B6LP`&+@'0<@`!.P
M`HKU`U9``PD0`3$E!SS0;QG0!BH`-VQ#5*;A`0/`)0P`9,Z2`5H``#ZP%5\(
M,\0"L[:*1-'(L4*P-0&Q/]@B4&-1H`U`K"Q`!23`EQ#JIE;):)$;N=':OE^5
M`0+P?)*;N5?YOB]896W`!`"0+L5V!1'@`5$V`909!15P`SCX`E1@`Q`@`FIU
M!02`!V.0@"!`?!&`!&7``6`K80E@`"(@3&MS,)8B`F400\TB!GX$@)=!>21P
M!L52L9S#'1J[0/P2_V1#9D\8L!6G-Z`&-0#CNR`D\`(=P`)M<`>Z"6N\:0+O
MA[F]B;,V<`!R@+/VFZUHH`,;4`4G@,4GL,4H8`4"T'HW^@+%V8DMT(D`$%0L
MP+17(`=-B2QRL0-68`,E.&@Q0+;$NS"6`@!XZBAO"(>+LKU$$)T4JP>$O!1[
MP'L+!#:+@FL``33K$1;!&F+$.EM\X`(TD+[*=95C<`"/JZ=6V3GN=``\@+]3
MC*T)$`,Q0`-+<"(H(`)ID`,B,#DBD`<ZL`<B4,:=N,5R0`)B`!U0LF_O9'P6
MJ0,6(&;)D@$\\#S0`S>;@@3XX&4QQ+?Y`BU"8P+54<C(N2P2@ZN-YR4[(_\F
MZL%GP!K)ATL"1F`^SEJ/SK@=?-``48S$'QJM?C`"*#"MV5'*V?I5?&``,E!E
M-[H`5```&UHE4D"U7@E+"2`C.!`=$0`#;=I<;6<"03"[WB%I=\"81;B=:"-+
M%A!QGA0V3P4\&D`"*8`$E$FK,)@\-D1_HH9KYY$86X&-D#PG`T"L`M`"2\`#
M6"#1RN6,T+<'R&?(FJN<^J7/4HS/RLDYGWP'7)!1'0JY0E-'%?`P/+``/W"Z
M:""MW?=.3<&("4`";2`".T"$.]HW'KD``]!2;_!I&F(\&@`D*W``.]=Z'&`4
M$ULLEPE:GP2'SW)KYS$F^P``:1*L-HV#"`!%20W_5A&``D>]LY*K!&*IU(YM
MOT?]U,H%G064V%/POB8@M#JP`C!P%%N=LB)3'^JV!$1(UC/P`0HP`&B``C^0
M;R2``E087:TQ`'?2`.#"!@A@`6*@)-3Q:@D43U;H5Y`W&=:55C(-R6=!K`?@
MB31`!D?-`UG=V'P*`&L@IYD,K5^UFYGKONU;CUZ@`.$ZN7,JKMLQ!BZ6R8N[
M'0V0W;QH!>PJ4JMT`P<`'F-``W$-AFA@`"?I97F`!B(0`3I@D:XZL=7A.<D2
M3W[DI6?U(&0RV.%5V"?P`D4@`DB,Q!F@!+)9RH;,!Z\!:\`)CS?[R3K[W=2Z
M&U8)S]&*J.DLU.PHFT\W_P9R,`"J-D`ZRI8%IU&)"`$'<`:5!@(KA@<I9CQP
M*"8L608$D'?!;2Q0!TI^E3-<@Q6+L0\J`+YFX=Q;?`(?(``VP#GN1`)PX.'/
M.J4JL&HOJ1V>G,E[4"S&@N)*`0?IC-1)3+_(,@4),`#&%00[```+N8HAM01T
MD"S6]#=N\P%R)'%*H`,^H0&'I0!>/@(+T.3,I2PL!4I@$X=I:"T_XZM8(%=:
MGL5;;`,D,,%[P`-FAL_0R@>_]E5NGAUJO@<'E*79X;[7JIS*V9QTON+<4;$T
M][@F``(-0!PW>@,MP):I744"0`0^Y(1I8\LK)@,_8$%&8@,2@0!(0`80$=Q+
MH?^??62%0&8>IL/I.?ED8Q'J6WX""!`#<```1:S5>\KBD^L!(%#K+,K.]_GJ
MXKKO.6O4B+KK;'X'PKYWYQ<%#(`%*$"*R%L$@$[60&3H,V``$,`&H@$K$I$D
M=^O3$%U1-K0E?QPFG0YS'40$Z)[N4:`#`T!+\"COW&W>$,#8;N[32A'S-&_O
M;OZ^,/N^D@WPGPQ]`Q!X5M`&*'#)GA,&(/$`6<"0&X!I99#1TR.DIO$Q%[_M
M?@`;L^XY%Q7-HC=Z?^T/OAJ:)9_%55`"/'!%_73KN)[8]ZD$&0#K+TS(-!_W
M%1OS!G2?-[O.[LOSN,Y<)M``/=6(QJH",B``(I%G@#K_`)75`0!0!-H9PJAA
M$4FB8"G`<!*K!WMP4;+V8PU((1D03HKA,^(L4,Z-Q550^J+N!`<@7@M@LSL[
MXB(>M`P``TDQ]W3O]G$O]SCOOA9[SWJ_XEXU!CR$!T\=`>=;`'```S]P61Z@
M`$/X2@A01TKP6CN`QX__&4GB`2PP`E[>YMN10$_Q7%'>1G[;&(P!<W<X^F)O
M^J5OA%]@!`50ZYUC^;Q_SSL6!$HPK;1_^_J__S`+"'Q[>WY[?'YZ)H9^BH**
M@X*#DH2%DWQW)G(%)S`F)GPF!P@'>!,D&R4E&P@(J:H;%B)!&2LC$#\Y.3<`
M-SM!`P3!!!XB)`(3+`(F4W=!_PQ!<=%Q;QI:&M="(6<_/P7<`%@V%F0X$'\.
M!U55)^KM54PK`G@P(`:?D7Z%A_F'?'QE;?SE&TBPH,&#"!?UDQ0)TJ2'$/D$
MV6,"P@<"$<)8X`-`1XD6+39L`%GB!"HT<AHT6"-`2I`@8<@H$-"`QYH%/G;P
M(,%'&(HV5D8<8&%*!HH$">`PB&8@C@$#&H0(R7!&2H$R!;RI`&!#7+ESZ=BY
M4W>"3A`2/VBTL8%@GY]^^_2\W5/`RD:W"//J/;C0'R1/AB!&]!=CC0<D+Z*@
M$:#D#@\$+T"V^#AY,H$V83#!N8.400)H(&+P`$!$P`<_*&X04$U@P!HE*4:,
M,!(/Q?\=!DN;.GVJ(8-4%%*Z:07GU1RZL6+7+1'P98*_`S*"Z($K$!$_!'ET
ML"*(EU_WO7JK4_1''N*G/170B+D3AP^$&R?8E=%QPD<##R]>;/`Q(++^'2WX
M0,,=F!!HX!B:*36-#R+T<L.#P12P@`=MK#&""@NPP($2>8RQ%!R\&:"%$%&%
M<!4&WI2APE8V?(5.<NU<<$$338C01A1Z)%"`#0HT<`@">LB5CY"(&!!!6]P9
M]!UX3+Z5SR.6-*0$!S74P,(!`L3W0GSL?(#$!EN"@$8;D6V@PP%9Z"&""GE@
MXHD)!B;0C(=>B#"!'P_F.0P'*&2SP!EDJ("!`A/0((4T4/'_5F((&%AUU8HJ
M8.%B.F.I(V,3,H#0@&LTT.!!:5'X@8!UB`@YG0@T!.E==4XF1$F3>3G2D"6&
M%#!`!0L@L<XZ)VS)Y98^@+!#?"5X@`8"+01Q@`=N>H()4IPQ$,$(5J`109ZJ
MC;(`&D*@8(42$6`A!0\5Z.!!-&\\I6@V5J'X*!;@3)K<!6,UD=(*$^2!@AP@
M\&&`#Q$`X"0?JB+"1P81"$0>JTOR4]`^#<<J2"34+7R("E$TX4ZO6FXI`'Z]
MOD"$`I"U`,``<+[Y+%(>AH%"-`(HP,<8#R+01AD_G"%$`3%,X($45@D`@0%O
MO.&4-5%EPRB*/ZBXE:3&4=J$C%3/_U@%`0WHL`(/;8@F%Q\_R"!"&&^1QP\2
M$+1:T"(20VQVQ'OA)4@E$OT``@"[BL4EQR#<D%]^&P#P`4@J#&#@FR8@]5G1
M'P(PP4P@:`K"B"&$@`(*-I"@@A0T?,$!#P,8\(,*O16``A'&-)!5TRO".RF]
M551]J3H*V+!``QP4T*\>H_*!@@!TC-$[/P!`T!:K#NO%-L0&P\K=\H2`8D(<
M+'@P;*5Y<UF%KY%MW\(+*I#@@?0%*IZ`A\_$T48*2L31^0IE^*9TY4K(@<(:
M<OBP`@03K$`"$0M(P0*,(0<%\.`'6*#!`5KW.AE9BFI52$(5$-`_&'`@#"*P
M6#[&T`8!(/^A;`=3P`H:@`44#,0O<GM+D%XE)#X<(`4'@%MX3K@'/1B"#U@0
MP`VLMC%>[8T=OCI!"[:W)0((P!!P<I/Y<(.;POP@#@Q@0<Y(E#2@^:`-0`,:
M!I@F@!4,8`3=^,$(4M"&!2R@#708`0U4,*D'RHY>%R#``$>@``;H0`5E.R$?
MV,`#)53@A'JH``@4X!VUY>.&>2R(":)PAK<EDB"OBE6K?.`!C9&E4O'9%5FT
M%++\G(`&/H!#$A-'H#&8TD-&`Y'[UH"TI%7.1'C@@1:[P;2FV4`%/_"`"T@`
M`!(L```^J,$!`-#&V$'P4AI#@PR.X8,8>"!4IDI>'`80`4V0)R7_>E127!3"
MA\)98"`*>>20W-:V,PB@#!MCA]ZTQRL?=BP_.R"!#^[@CR2>CV4),)HT!)"'
M:_A3*I5#`0UD(Z@MNBM%/QA`"E:P(AI$8"L5(,$$&OC&&<W(`BQ(`0M@`X%0
MJ?!KU'$?'3Q@`Q-X@9#<6=(^HL>'"*S`!R<49Y+@HCP^#``$EHH=]B[I3G7N
M;4LTP$,&!N&LS[#,0W"0AA#BX,]KR,]R(2`#'92@`P`<M!LX4T`*!*`"I^'R
M9"MP0-0J"L$J1($+*U#``G"0@E059#IY-,%TXF`3'RP@240ZA%PF<`:#!*%5
M;K,8"K]#I"'Y00P\((`ZI@8[=UBRG;_B_R0GVP``AZB,9;B!@QBF(0VF)@V@
MKPQ.C[+"-`QP0P$*0$-7(;45`!!SK&2UU`8.`(,)3(!*`X@;P0R+`@A`P'#3
M(1BKY$(#&R!/G`6;B]ED&B2YJ,H+$S!`62V:4^3LE),?($$!;I@RSL@I6@PP
MFCX5]4\AG"&@!<#?00L0G`8H8`UEB&]\M\)`V%;4D@10P@@T9`06Y%9YHN(.
M[SIBP!^88"YZK`Z0DDN0PLZ%$)&L1(3ST0`OQ'8L#FQ')C7,)0C<01*CA-,2
MPXLHJ#05M"&00N6PH`1W;;$`',"7%9KF515XR@)B!0M987>!,[!``93EP`'^
MFY?@)OB$-N"!%?]DX`$3`A)YS555P1#Y-@VZI;E\0$`,$'#,+L.QL=CSZ0E`
M]V$0$TC$G<&-/G?3U$6]LH\':!=I`9!0'XS.:640@0+P$($<HV/'-&J""B9@
M!0XLP`@RD`-XK@Q70.H!#R?S``]X0`,`9,!L7VNPPO3Q'8H-(GD&XX,/<N#E
M!SYVIYOD4@=L,``/#,`0!B(0RYQ!8J:T60,J4,(`T$"&"+2!!C^0PHNSDA7Y
M.@T+$5@#%G@P`3\?`-#T.H`(5L""$3A``8J&E:E`.IT(O`4!AJ"!``X`.B)@
M(0Y11G!P&\T7BAT"D=.9`AJ,>>$,HSK5OBK6#Z2'9FBALK.*RH`&RC#_P`'*
MP7+")FTMN<&-,E1@#0_%0FHI2K4^0#`):?"!H5E0@PD06=L%(U@8:-`/(X_*
M`!88@`"^16DRM.EA*F7>\OR0`!20P0,MV#&/J^O`G?>06!"(`T7ZG>9:J\N?
M!C#""`0`G,L).^%7I?$/Y$""2JL``AXH0P-CQU@>TN@#!QBCG5X]JIB2RK!Z
MU6L^$""",8QSP7,[H1C"H`(;#!0/>/"E&;^E`V=Z@)(>\``(VJ`$*QA^#6V0
M00P:0`,+^*`$,DJ"SB%X@JEA,CE[^X`R^/#=,00!*4%02KI*3$4+K``-EKL<
M<(!6`!09E,8SL8%\%;"BK5<T@A=H@0<X0(,*_R0C#S`7+JD$TKL6IBVE99,R
MVOTP@0CXN@T'B+X2E+`&!4"@^@O@:AE0P`8O-$5.-[0IJ;\\>3B>.LP^M3LH
MRH=9W)08*D+P`A86@`&H2@$X6U2`"-CKC1^@00%9UU5E```*$%\4)7D5)R-]
MT`=-,``T8#PCT``"4'*C$EQJ%VI(P@]!8`6[I6GLY@_!E0$+$`%T0((FZ'PH
MZ'P*``*<IC#EX0<>D`8]AX`ZASUEU4/YX0$5D#(F\!*8M69'IP%>$`)6``"7
MDWI91"UMX`T%(`,0@`9:,5_PQ4;V535NU`=5\'\=EU%8@`8F(`:L5@8@2#`U
M5"H`D`=`XB1(``!Z%?\D_A`_JJ)VP54!"I""*-@&=A@!^I=E0=([@=4&2U`%
M0^1E-6B%8=8."+`A;N)=YY-4;[`4MA85<8`EFQ-06R0%ID`&HV,%,(!5`MA5
M7$6%.F9Q5--U%["``,`!#2`!$R`""[`'&>`''.``M"@"P],/;^$"=_4C3A(&
M##`WH)`"$W`\Y*$(GX`!SB<#>.A\)9B':R`"WL$>*+!%&D!/?B""$]`&.'4!
M$E1^%W:(!T`"E\4RHF=K)A85&2`'MM4-TRAL-E!M(+``-B!UW+`B_*(B%*>`
M%H>`?:!G!S`!^S4"@($#$S`&LI$`%=`&9-!-YA($NCA-08`&.D`&*(`#5H#_
M!-DA!PFP4#I@`W>``C(0.D0P"S%`!]6G7]E8?2/`9R@H`#+@).QQ/25P!V4P
M$7Q@`_VB`#.@,=ZX8]=U`@W`@Y[0?I#(9O[D!=TB!S+@14TG!3$3`0O'.C_@
M`Q-0`088-9(G>:1XBOO8!S0@`A'(`BRP`"I0`7RP`CC``1&0!TKP!2G@``/P
M!37@`@+@`K-!1Q)0`SB@!`X@`23@`ER``P&$`RZ``S+`!2G0'!)@5S@@`%7R
M!1*``T:@EU\@F"AX`#K0#QKP`3-P!P:``!N``@5P#_XP33K5D[<79BW``_R&
M9J8D7N9X8I=C6TH@!0#0!FV@`"VV10S'.A8``1'P_R@-I)5<N8#<F`0;L`,"
ML`-E\%X@D`=\<`8'8`0.8`Q*YP`"()D+,`"%Z0!LR0)A!0(X<`!K@`,H4`PI
MP`$VX``L@`,D8`1?P`43D)@CX#DND)@2P`4N8`4X,`)WJ`-O<3XM0`8#D!)G
M,`,T,`;D(1<><`-<-R-F4`4\26\UR%/JP`0QU"R*$P1CD%1%25Z?)2`+\#@Q
M@`8+H`#NTIL()``Q(&S<,"D+&*/[>(K<6`;C=XK^,P*"L`+,0@(2D`)TB0,B
M``)H.0$N(`$.H`,I4`-KX``Q(*00\`4F$`8^((PHX`!&D);@.0$2(`$L(`%?
M8&TLP`7Y*4S]F8(!H0>?J?^<`E!](-`$#:`!;.,'<F`!/=`'/1!!EF>*Y?=`
MZO`"-N`#H$`1F,"A[<<4YX@-4M$M9$`N&(`"`]@H_3>`X0B5J_,#,)J`LI,$
M;3`!3'`"2=`#<@0'C!"86<H!0!I6_+D""^4"$P`!A(E63BJ7"L">GB.,&N``
M:\4"GL,##L`%3=IQ6(H#99J=_GF'^9!4'3"BLB$"'>`!EW9E/&`&>R``;6``
M&Q`C6SEYC-4.+Z`#ZS%T*W,^3`1PY[BH""=L+S9L5Z&.%E`Y5M$TF!HU"Y@$
M]1JC61D!)#`"/)`$2>`#2+`/2"``"Z`$!@``K]$&*L`#"V`%*``"%7`':X`&
M$##_;C:F`$2`*P:K@W=P`&%@HDH@!@;0!CP0`QQ``IU*%!-@1M,"<25(!P&!
M)P!2!OVS!@20%G#`,%@W/B9``S%`?2JP`W!$;Q*:8;+3#G+`AG<P!6\2!-Z%
M/N-U--<`?U*A8OCG*"E2`0(@`$KS=/T'HS(JH_YZ`0M@"P1P`4C0-6UH9"!4
M2`,Q*DL+5YBV7(]T,#"0AWC[LB*P`5W0!02`!:RP!S?`!AY@8'BQ!SR`(TYB
M`DQG`QZ@`M05:(P5:%\6.TXP/I'`@XJ#/N;:2KX1`AF`A*SG#3:`AS1`!G)`
M#VW@`;PYKV`1MF$;JA/@0?[J`RP`4_Z0AAUX@0>!!GD0_X?)QSPJ-#`(B[=X
M*P=4,`-`L`H9L"(:``"A@04),%P.I@<JP(*<)R91X`5+<`,:0R,W$%]%4+DW
M0`)!X!>$6E3GXR'F&A5.A0$@``.JMWHH0@-K,``\H`,N*0<>$([$5@!@"[OX
MVE]IT`-)H`,U`(T"\3466'8.1@@PT%=N>$A#`E=R48'YL!C-B+<\L!5Z,`0[
M$"H(\)DGD`,$D`->@`9>0%.\,Q!"L@<*,`4@)"(-<+<V<`6>(@+YTP8S8$Q-
MH!,H\Q?.DCCDZGXEUE0TH`0U8+4I)@5E``(0```2PA@Q(`*,00:U%,`"'*I*
MIP<&O`#R*;?6T4*@-DY^P`.$X/]@!^%@`W``QEN"%C`'<[`$/"`#!Z`'=Z`!
M+W`'XO`#&S`&92!70[)@%8P`<H`&PK4P_,`!1"`&A?`6-(`$$*0Q9>`#-S1T
M_5:NCY@;1YDY"]!T38=UN"$B&2`%O/8#31P<KOMG^BBV_LH!NB)Y0<`!"O"2
MS=,D?-`I9]<DTT$AQAL!,:`"!%``EXD`"7`#;*>,PW0#:.!V"/&&;?!1O$,D
M>K`&]*00*D`$%*HQ'G`&@9&^FQM>0'B.OG%_2(B,#?":3G$&O0&O+OJB]@6[
M"K@`%J"5/<#,6"!#?"$#WZ3&3&(COXP%%)`$'Y`#1R`273`$+V``)*!W`W`#
M`S`&U.S_7!=\-]/17&\5BRT8!'1P`J6X#E3:$"D3S@R05(B"-`#5+?"*`0M@
M2D$@!;@9`?1W!M,HJ4VCQ6'+E6QP`/X:JFF@!""URWM!!RM<=L[C0K],!P+]
M`15``_=Q)&.0`3M@!2M0"T%@`FB0`*RPU5R-`&$``D#2U6(=UESM<OZZ@$T0
MJH*Z*LQ0/AR*&V)@--8@<!H0`ME0%<#1T@Q`!O+8>@!C7O3K#3@MP"\0!J$J
M>2!@!)GFS\\L`\<%*Q#WRT2@!E1`!R^[!J"``$!@!CFP`4"P!11``7-0!W),
MVJ1=VD`@VG(\VG70VJY]VJ>]VG,`!5M0V[8-VK*=V[I-`2V0_P`:D*@H-HUK
M4``T8`6U5`8"\+E`TW"#+<]]8*^G.`,-T"^E`BMQX"/.0RI34(=O_`,!,`<$
M(`?.AP>:/01=0`%=$!)S$``!\`<!0`%;P-ZBW=[LS=Z@S=Y_D-_N_0=U0`'X
MG=_UW=X`3@%0``5U$.`"KM\*[M[O?0-(*7#RDPV7PP.IM0;K)0-8T+4NJG7T
M*L!B^]S'F01`R0/KUB0V@,@=R"1"$@=6\,O5I`=>0`4O\`%D8`5#``1S``0?
MD`44\`([L-Y_D`9?00'NB>`!0`(X\`0(;@8!@`0D\-\,GN`!L`5?`)@2@`11
M4`3[O=\)KM_L/0=Z4%Z@50$'$`<"0/\$!D4&/L!+H<6;'/ZZ'O[A^G@!-P`#
MY)&&X/&5*J3/+NP'84`"+HX&<Y`#=.`#8G`"3P`%F\TO="`'%,`'3<#>#^``
M-1``5^``$Q``0Y#HWTVL(!``0``$3Y`%*9`8$W`$)1``9K`%<S`$%``$1P`$
M4^X``*`&([`U`#`$[+WJFR[K9C`$62#@`7`";38_'H`%(,"Z[%5`X0@!%7!>
M-0W/<![G<6X`9,#8>5$`;?!7PPLK`+``&YR'`]`#0&`M$0`"!(#C,L`!'&`$
M*9`&P=#>=H`#7_`!]3D!8.``A=D"\SX`1C`$O!JF^NZK7^``!/`%.W`%1C``
M.(`##3#K-/#_`1PP`@L@`ER0!EN``U$@`86I!O1>Z?I-`7'@&T)HUSLC`">5
M%9@SEK.+!2*0`;'0>AC0!LY&[=3>QAB-RW;L!=D]*F30?&],@D@P!'<;`7K0
M!!0P`@U/BU2``$NP!7]@!_>I!#B`+TL7``K@!!!@!`2``P^`:`&@!A(0`*FX
M!6J9Y&50`ZM(WUO@``V/`UTP`4L)`5>`5@N0!B?K`'8`Y5L@(MB@#2%`!(B'
M!:95!B.`!2EB`0J`!;9K`P2;G1UN\S$*00/``0E@2(LF`C!0"-C>NT"?M\X'
M`VEP`R1X!CVP`6E`BWW9!41P`^V]!%S`GU^@`+<N`G_P!!\0F`4O_P)&$`5_
MD`1C;P.9O@(1@/9J;P3ZW?9I\`1?L`&M&`7I60%4TC\-@`-9`.#L#06__?>5
M@P:S*P5KOBW]]P,6$#,-,`*T/*(U+_F3+T$=,$*)S.>'8`"-@?E%Y@<#,((N
M[GPQ``A-/W0^)PA-3P<>0TAD0P%_#UPV#B0'$SPN!Q("7Q1S)"M&-@%`7`(T
M$P$K.BX3*S4-1@&T6PX/`:]N(FHU#A0>*0(U=CA9M,@S6AI"&LP9*!X+6`4+
M`&48&`4_/V4_#6LP)",Q(`X0?PX'?>SM[N]]%WT#9&U1#'I^?GSZ_?[^_/S$
M4.$GW[^#_?0T4!"AH<.'#P<,&=#&1P\42_]NI"$SH,,62&9HJ.%Q),T5*#P@
MV'A"`Q++"D=H`3CPY$J`,D_`0/!`XPFI/P&VR%`3X(D',&EN-@A`80`$&EM$
M`$%6*HB6#!F8"4&!08$2K@(*:-/&K2R9"#)6*!&!`YTZ>'#;R;.RH(V2-CS\
M,.D7$*$?!/L:3(ACD$_?@X;]@!`0@0[$QPWC'(%AI<40`F4LW#'S\0]0H%1I
M>0X]6C15T*$AG4[]N33J`$/\&(B3H1FS$!D$0,@C18$`$#8*;/NQ;1L6#@!4
MR#B7;EW<N$VB<.!1H<0:/DST&#;HM[`'&2;X`"[879^.-I#3P\B2QHH>!#DZ
M=&B1I$>/^DGR5WG_<#^_?_S]Y1?@?P*J89^`!)JQ0P=F)-A@%4TT40("<,!A
M@`'..".$$"$H8<4E*\A`PP+"#5?6`$;X,`$+;37W'%P7),&#%7%88`0'-B2F
MQXY^^;''CGJ8T$`4@)E`GE]\Z(%>>NEY4`(1'0P!1!=04$`!%%5>F>4)65J9
M99=6>BEFF%YV404!!?'H(Q]E#+#''B;$><><=XPQ!@-QS)8GAADR4\`(<BQ`
M`Q%28`""#R9RHX(2(Q@Q`@PMOO7B.S%V,``)?N1!5QL9[',88FD:M@`1.B+I
MAPF,,9F>#7,`X6H/+U"@VA84`$5!9Y[E.EH7N(*VQ2.0Z)KK'!_TQ<<>_WS<
M$4$"?,1IPAT)),#`M'#$8>V>?3)#PP@JX(%"H=VL@04WWOS@5`,"#&!#I,Y-
M^DX2'4!@@1YQ-$#``CIR]P]WAD41P1V)=<=''&NH"AD=:0#Q"12M$@`%)$B,
M$(`/"\S!FJTI'%$:+6FP$.S%%-R@)K)\'/`#G')&&P2UUKZ!K88:A"#`!``H
M@`&X!;3A`5D_T/`4'EB4$0-SDKK[[@83E.&'!P0H@0`"_!R+D+X[@D#$D?KJ
MHUT>#!D,$18]0-$#%C2@,<0)!&SQQP`UA.&"':5P!L5'GP30A0-/(#.$&7.`
M\06M<VQAQE2B`97$D8;QD8<(SCX;[9T,C-'R&_\79LBA$`OP$,("-Q<J%@0#
M%%"&"FL088$5*JC@@0-6N&@T/#MDS@<6`ZPQ`0WC]>A//F$($,0^`I=!@M<0
MZ9$$!4HL,,$()&SQPU0#X("#35%\(<$**_`0@!%1_`$%WK0,\,47*_B=10HW
ML"#!%RV-]@<%1[Z)K`C-IIR`G7:^H3_E?#)S1FT<@L`/I"`%X4B!#`*0@?+0
M<(9TJ:`,YG!+NU['CB1400\1X,,8#K"#"M#O+\#36CX.,T(:*$`?`0.('U2P
M`.(]!`$G4`,7QH<#"=2!#$D(P``<X``/=($+#=C#%T;@@B'@X!%W>P)0HM``
M)4@`#-(;0#'V(``.U&K_-'.(WYONX(,!.`M:T9J6RZZ5ISZ%@$/?.H`*;E8B
M*?S`!VT8@04J8(1K`$`)[*+@NR[@`3GPH0%HV``)K+"/K.DN#DHH`]20A(46
MNK`A8L@!%(S`0P=842(Z=`$:)%"&ZRV`!5?X@@*L`(GOY6T++%@`!+[@!`>D
M8`1(<(#R(&`QT$#A2#ZZ@PD`((,]S"E:863`&*_5/ZV$``4HH($/"*B-$A6`
M!AP8P`^L$#05*""/>JQ@?BJ@@#;XP0<&`(`(=D=.7&K-FG<PIPBCX,A'HF$'
M.S@!"[[``C4@006R8ML65L"!%0C*"!NP@@/LX)F[+4`'//B"!R"``R=\00V:
M_\1!`Q8@`+6!I@I:G,*S0#"&9_U26L(D8^4LQZ%C%D``S"Q.`0"P`!5PJ'8T
MH,,:L)E-=C0A"4X@`1STX`&DC2!Q^D``C]2$PJ#2(`R?TIH?!H"'1SKD#`G0
M0Q=:I0(?M``2:9#!'TZ@A'NM(&]7P,$</#.'!8Q@!`)(PP@6<P0E!"`*%KC!
M"JPPE5Q!@0`C2U9X?%`!.`4A`7$2HTB+N:$0'!,-*/4<<3"PAA^$X']28.H$
M/$#3FLJC"1YH``)ZBH8)D,$`($S,=OJ2CQU9``!)_8L>?-`UI]+A!WJ@@0<\
M4(`F]$I8R(``#X3%V\*11C5=P&M>?6D"`RA`E]#2Y?^T0FJM"[U,"&=`P0"X
MU3FQ+(\$<3@CAPBXC<IF\P(7:`(:E``"!5!A![=;3`0\((90`6]'N:.!(E/K
M!Q$4S*D.F<#3"-"!)MCGO__M0P_8H!\`&]C`);A"&:@@G!G8YP4[B!IWD#6%
MQ`G@!V!4KF"):0`O.*,V9Y#"`12P1BF@0"Q&8$%6+A<"[O[`NS4E0`P:`($U
MW.`&Q_4E"L@``A'P0`Y$*$,Z@81"&(0!65/3P7WQ&X$1B"$\N\L:'W1`AH`0
M>82(V\,"R/`$)<CA!B#PPCZFX"E_D$R74X##&H0,+1/@B;EY0L,/,I2!`GC@
M`*,2P+<*2(8)Z.`J`&QQH<K_`.-L[L`'?L`""-!0A#9HIZAW,(`%8"`"#_B`
M!S3`\#X@R`]#\J$-2VZ,"^DP@4[M@V0H-%8!)H""%'9::X:Y`PBX\(`^I`$$
M23``#Z(@!QY@F3QO>E:P"Z`$%=3)`&&``YZL]0,="(`.&L@`!NY,!T7+00%D
MR`9+:6"M9136<X268$W?A08C(6``(#A`LZ;&#R208"$*.$"E)S"`J!9$J#LJ
M6:A%33P2E`&H_ECD/N*`!3SDQ3!/R[?4#/.#":B@"O<1<!/V```""""$:9*?
M_))U4@$HX0`>/X`-M(`$`9!!`R3P`0P6L(8S'!,$`RB#$K1Q4#WQB4,%X,J+
MQ3UN_[F0(0A3$$,HQID[@/##!CY`@!(8@'`,Q$`)-?:X`#R`!10H``("6%)#
M',,DQ]"!!)IA0(?/4`8:P$`)>%#`&M9P@`HD0,E*B,`:[F*`/2``64&X`QTV
MT(,^U"="_V'#=3J=;Y+%>DYC",)?@Q"'/*R!!`I`@P&PL`(%`$`#$S#L#Y1`
MP`,TH`P*J)8&1LHA#.B\T'I,`AK2"0(KB"%)J8T:$6C`!Q($)(5:VT,8*N"#
M'NO@`&M0``D60/SB$_\5$R@^"2P!@QA8N@$#`(`!$$"$!G@J:OO(@'90L!@8
M"(`Q"R!P$B)TTR;$*#\7$$`&@'JL8+\I60FX@^(5K^QJ,?\`#AE8``JB+00>
MH,&P(H`-"`0`$9`GSW5,(8`!.^<Z/<<./&`#>C`GNJ-:?B`'2K,&Y$%?2B5"
MI:4/*!,G%:`#;R)"ZI1O*F!]VF$01)8F<4`&8R!K2%!!:2``%N`??I<$+4``
MG+(=IY(`T)`Z;99<T+)<;U`M!W!RMO$#,&!8()!ST[8``V`MHW=SW_(MX<:`
M/9<$'@``J:9."9$/(C`&?F`%Z41XY;&!?,$7>F`!,G!W&]B!'`@''O`I*[@/
M1<(#8>!?\`(";;`#\C!^61`$(&`!:S`"IO,#/28#"@`#-B`'#?""0K@R(?4&
M&#`"?+)B)*`"*"`"*D!`4F`-+G/_(3?GB0J(>A3T`@Z7.$EB2/YP!S*0#P.`
M!OT@5/1E9>54$$<'`X]V$(:D!S*@-!A'-89A@7V7!"4``P-P`!:0!OF!!#+@
M`W?01U!W!A40!30@`AS0`"?0`E$``Q9@`L!T/WAB``VG`,M@.1Z@`%(@!W)0
M*&BP`"2``7"@!:17A=W%<PUX`B(``@$#)"JH-5!C`#$`&$0``AC7(QKX#S;P
MBA/XA5C@`SR()&53!7ZG)$B`!!ZP."(``PT0'G=0`2J`9RU0!78A`&N@!QWP
M`BVP`6M`!O)W/W<"!R)F!5&H`1ZF%6TP`-9D`0J@`#]``E*0)UX@!(%6``FX
M@$73<S=P_P`DH`3DH8)J\A[(\@,QP`]30(,CQ(H-^0_BA'L(J0=R"#6I!1@9
M(`<V0`())@(,4&9^$`<`XP<9H`!\0`,%D`/H5P55<`)GP`$>D)(0H`-P(']!
M4"$%P`%QH`(DH`'GJ!6(14=M@`4*R`/60#%](@3,A)03-&Y7``,(``($`8<D
M2!XVT`!`P@;>!&M;J3L`P)FIF0][X`&XB!!\X`4CD)-D(`TB$(L&$'_D@08\
M40(GH`,-<&D\0`!XB9>=M0#H0@;1`BUH(`,>``($$`0*4)G;M8@%<`88@`41
MH`)8H``C8`5>D`%G=$P$A)GC%B/@!0`#X`=$$`5^\)9IF!`56/\!4<,'/B`"
MZ92:$Z@",,"?!N$#>0!["%$`1M8/!D`#`R`'E)8N?#``2A`#%+D!.F``_%`O
MQWD"10`"U8@%<#`&TC)C"/`!'T``5F,`Y\@AM2$#G6@!$3`!`F`%,#`"Q!=M
MAK5GI8B/>G0!59`$%]">?)`!:W`>,L`-R)8<*E``8K@'(@``8GDJ#2$>1<>?
M_N"?>K`'J6D8`T`J/2*(7VAE^0`"9<`#)1!>&_"`VX$`,D``37`"+X`$,``G
MT+(R`N`%.<`'YB(`<M!<&G)&9^`!;2``"V`!IQ,!$!">`M"G+7:4IC@I^:&/
M*#0>]4(#;3`D1$`$<K`&+11Y08)P-`#_@0F9FF4P3J&J5'Q0<N(AFQ'@1_3I
M@06A`A.`!Q70`TW`*%PH-0"`!GG9`C9@`7(:+3X0!#?0!CI`#0:8+1LB!-LB
M%B@0`A-0G<T5`C%C6)Z(GI:5'PT`6VQY?46E'9&&!O^2:AR%:E1Z$`:ZB_-9
M5"C$``5P`&*65"@``6G"BOSPHFC0`P@@!P,J6@-``U&0!B=`!8SS2PQ@!38P
M`19P?W%0(:/W841Y!MK9!H7"`X.4`==RCN0I:*+3J"\B#SRPENH**B@$AO^6
M#V/0!DQ7*E-#5/_`#V&@BX<Q!AGP`Q:`!@KJB#[@`3P``@NPKP<A!@N`#[R(
M0B:P/$[0!P]P_S6IQ@<]-@`1L`,ET`!T<C\-X`%KT`9P4(3-90!(X`,RT`8T
M`+'1,`#?QP)&@`*A6)F+*@57F)04!%Y5P*I4J@<HT`:&P00(D`?P*`=/.52M
M61!LP'*CA`?+!P%M$`.?J@(_D`=CL(HE9W=^H01P@"ST&@1K``+&\P$R@#A\
M$`$BL`=2```M4&]TX@41T`85\+'5LK`A20(#4"@3(*;2Y4^O@`1C$(IE=!O5
MRK$O0@!H`)H3J!V+%I&-ZY1?J)4]H@=>`+-I<F\!`WOMYP?H<I#]``)(\&H(
M80)Z(`)+T`2'UK(&T%%\\!L\X#@&$`$$,`,DX`6$20=X<``-RPPH,/\!C]<H
M)+`&C'LG>W)S@H8!;9N9KS-^,9`'R#LU_ID`N(A]"G"]VD&YJY@UC^:/!<$`
MXU08V)=P(908""``^]FR%J`$-&``[R%:_8`L(,`$%[`!G*F*1&L"7J`$QT(#
M$<`#9T"AR<$#<8<%S54;&I*80D`"+.`!>Q!&U2**&+)=)_:_/=<!ZE;`![$'
M!X`":*@/O!0>4`8`/P:2!1`&7M#%LR$&%0('8B`&<8`".D"]1O>%^A`!<)!4
MAE$&#5"D7:B&,+`$X<7!U/LF)W4'7B`"&U`",\`#>"`#,2`'*%`M8G`ABZD!
M"Q!=W_>KS"6*NLNH.DI!51`%I)*56QD$;?#_>G08!*AP*@A0`:A0`32`LSZ0
MLSEK::G<RCB,QJJXB@`A`Q:*&`'Q`R*`:!B7)/6%PGW`!*2:9?J&!CI``"5@
MHB+@!05P?V(<BL7D!;JE`C8@`''@49%<.=LU:+SK#CYZ`1]@O.^UE7R@!!:P
M+^_A!^_8!@?0!B0P`?:6AODVKUIS!YR)I0>!;[;L`5(P-7?'#PAP`,!H+'H`
M`LPH#P?PEMIA&,BB`#P0I\>L`R`0`W4R!LHF4C"S%<`7`CJ0!XYSS4?<OTK\
MMO?!!BJP2*7*%Q$@!AWX'@*7`?;&!S#@E?,JP05A`O\IS\&[#S9091J,97=@
M`WP8#G88-5`S`$C@_Z,]H`(`@&5,D"Q[8`4"4`$KV09A8%R)MV%\JIB%51$A
M$`-L0+#3LK^Z>WJ5/"E_"`!C`"1"]31L_339:Y!:*:7`$]-SRP>;.U0LNR_`
M`P>:E6\:T`;P2`<>0`0H4,T1`#P(EQAH\`(Q0@8%8(?::QBI\P(G\,$%`"TR
MX`5W($9O$%(8H@5:<$8+H`!B(0`&T-'Z*\DXE\3;W`[H!Y\G_0\,8'VRR7Y0
MPY#E^HH/S(LL_0^(*0,BX'QR@`3V+%I\(`(6$#`9,``Q(`,"T`'WH010-@8#
MX`$P$`$@P`,QP`,#,+46X`/2DC]BK0$J8%_/:@/"$Y]#F-K8W+_6&L#R$/\<
M0Y;`+(P07D`#L]BRI94/=R`"](IP4&/2=JT=^"9:*9BN*]0&VHMO_")"2,`#
M;0`#,,`#'D`/8X`&-F!!"D`$^SA;B60"<((L<B)_*+`"M[NZ>V)G;0"=:\`"
M:*4`O83:X]C>4M!B!=#:[U``4"T"45``X>'6(XP0/U`!H1EP'6@`F,O/_/TL
MHA6G'@B.%0(PCY8L8@`8%H;7H%D8TJL$[76EI^8!2P`"[[:68-A^P98R#.`%
M7"`&]R<Y*(`&"C`!#9`!6J`"+-`0:U`!KT>P[/W1->Y&..X.5%#.=P``<D`"
MH%,&"(RN_O!Y&NBW*%"5;IPLSG`',UMWQWT'B5S_`"H0!PA0`#X0`Q&@`,1G
M!0R!9R2`!G:[LO[8=`:9./F@`A#0:G:H'3H0)V8^XB](;XP7DM@C`",@`P6@
M`=^Y!@*``6U0`,FRWC/NY^<9Z/'0!VR`6OX0!$/.`Z.N1J3E!]2LP?[\*9)]
M<(AAZ?U5`A("`&=0,B`P6P-P8P3P`3L@7QWE*<BD00#``<!(TRUK&"A`VZ)E
M`DJ0@M@'`E'0+!KG40D0!,MG[/$&P@M@!1ZR`F@P?$K0S@.P[.'=[+=Q,SF*
MA>Z2'WU``U,@EI]B`FWP#3*P[EVT+7&`O?#\:C8PA[(9!_R%`JE#`#M@`W!0
MON2.``!@`U@PHA70N/?L_P=O(`/?[H7Z8`)ET`9(@$O\(`-B2%1HX`,A?N9S
MJO#RI0&7\N8RD`<:8'4`H`,M%-'V*>-BO5T)>.-E/2DWA6CG')I0W+Q^X`6^
MZ;G`3>$#@`46&C!N;0$>(%0'80)"\`*WN;,Q\`+!X0%@%+4Q``.$T`0#(`2V
MR!>?!I]%E]?Y5P!36A`-\/0;&`0QCBPA#BUP@`8'D``5D@</9`5E<"$9L#Q6
MP)?@60%HWN>ZRUV!SJ.-:`("9ZI^H`!B*?BH]A[Y@`$^@`=&<+_8/6/7&`.L
M>`=A\`)M8`7#1P(;8`-5A3\=('S$MP9)T(X!,1[C?P:^IM\),3"8<L&%)`4&
MB?^&GPOB9QXMZ1@$%%TG<%#("\LG+`0($SXT>"I^)G<)#&,,<0:/&D(A4B$H
M&#@0?PX'?9V>GZ!]23T\?J:G?@A^?*MX>JRHL:EZ>F5*?GJF>@D%(#&PL28_
M'3XC*RM6+P-E#6)C/SD\*QPK'L1GL+2HJ@IC?'NXP'SC>E,"L*RJ?*]KK[JF
M/@5\)GOT)@D&$$&)#(MX:QGB:!@8Z4R(`PU@_)C'CY$C2!HF32J`21.G4!@[
M)>GC(0ZJ7+A,>6D#4M;'7"H.9$N%((H'8*CX2$%1HH$5'3N0#,@PP(")`FPV
M1!%1I@.-"@Q@;D-`1.4X4[`0C*$1PY<N6KG(*5C%*JO_K7%\[IA`%$$!G""*
M&!B042".HX$9O$A:LV9"&8:*'#XR,'#23(J9-F7,>.&""AI89X7D$P5`5VTA
MWX6S(6+=TW5HY*R3Q6<,%A5I;A`HX^''G0%Q^,`!8.$!`0,T!N2Y4Q)723YQ
MUOBY@\1"!3D>8H@`@:;"A,NU5XE`D3S.`@]WPW8\8&/,F#O]`#1PRU>+%PU>
M0F2(L4`$@]V)K+]YR#?B3`R`+0[.V".'!]MZ$-3>J2JQ;9,5#!#9.`@,H(,%
M*B`1T!@)\($`'P9@,4`#/@R`A0%Q>(!%&1;0(((`/LA!!`IW*`79*G<H`8('
M(,``@@T9B`&.*3*8`)9)*`CX_Y0I"5A1000\#*?$`0(@$<21_0Q`!!QOM:=!
M!B$TL,`$`^#%`)-[M>=7`?$)-E\H%S1Q'S"U=92<2:OX,8`AJIRB!PH^-,`B
M#`I8T88`>`J@1)U60'!`&Q$<``,/<?J@!!$&>,,96*RP`D`;>RAU"F,R/.AF
M27GX4%L<,>`1APD&E`&'"1[XD%X"<,`!`@;K.:(%02&0T08$;9`05@)'MKI7
M7U)(`5]%7G[IR07U-=!H9+GHT88):)K$AP\&;`,55*S00$17Z.SH8"HW5N"8
MI+&\,HX&"C2PQXRQC..!`"9HD]\I=]@*C*Q!A(7(/0RL0<,=08P!!QD+H`#)
M&P.A(/\`'@>H@`(*(]"`"".Z0N37KX%=)&PGQ);@P[2FZ&<*!.XT&U,ISM[(
MA[5INMD55,D^!0`9ZX!T1P98Q.:#"`<H$4$,'LCQPP!68..@QRFK`,$8[KJI
M@(RI^'$``/1$^DTB<<`P@105'+#&&&Z]80`:;:P1@0U"G"'%`E8HX$(;_*R7
M):^^=FGQQ:-4\1+'(<$A0#@B3\K#F>GZ08,-X%Z%54EA0#`<SZ4V(,<`-)"!
M1`+XP2(`&VE"EI6:`D0@RQZVFB('&3+4<^[4=_"+QAHRM$&#`7"@0$,;=(!0
MP1F1")'!&3&0T,8"1J"AR!M>[^I>W,#.+6P2A1$1QK')^M'_RXY]'_*WFXNJ
MJ0+@V9L2APX`_.!%@R6)B_<J:"@11_3IFH`$#)N=,H`<)@1!PP@@?'O'N7N(
M=0<6;<@#DU!`!!D`"0THB,.K<J<[%-B`!B28P`&"P("(::E7%)//Q332A`OD
MX!:1"4D>E%"BZO$H!B$CVE58L29:Q.Q,ASO%%,:4'W&)"QWOR`H`0&`^CH$E
M`NF`!9%(8(4#R&$5-OK&U/:0@`,0`0-HL((2Z(`$[O#E.QDHR!E48`P03,`"
M"1B#VXPW,;EM$&,78%X84."@'>5B*`^Z$?=453T6R@-=)J3%2[@GJ9`E8`$G
MPEXN9.`!.("$#VVP@@%*R`I[F*XS_[\C@1(`ED`F6=%)(1""$%"`!CR,@`QA
M[,<8+XB\BIWQ$TE8@AS:P+8'884/^7N*-MH4"P/`H&]9D4,>3/@1_<0@A+S4
MQ0+P2,MOZ&$/86C=//0``QKTYPY3..:Y_#`&+QHQ#`P*@@#BT(]&N$4#?-&D
M)'97A@@,H']Y:009,6C&4WJB"148@8!"F(LU%(`K(EM+'?T@!Q3@L7KODD'A
M<(E(CM$2G^MH@PT2`(!;,*%C>C"!#6(@`QGP``N(V$<>\!0&./3CD@3)@#A3
M<H"Q-$2=$F-G\MRID1ZD(045`&9^\J`#CZS,)!F`WT#=T<^0Y1$!"&A#`KC7
MK*?\(H63NO_,R92@LU_P(0$9L`$=!D4#+XQC#U-X6`1T((8@>-2;5H15"`IP
M`!J,`Q'I9`_<,ABL4XXB"R*(0KBT00.!]@T)OQ29.WPPAI3]U`]*$`-1^R:'
M#+@Q)F#)A0"LD`LIZ.``5O``;:[*J-1Y0*@4C$,9B"`;`ZA@`!80@@;.H$D/
M-$`=:%T$2DG)5N6=,0G*"-F)<@$<D`!.!6-JECL:X(V!RJ*&"C#`8$7V@P;X
M=5*96T4%UD"$""R`#*^((__X=X<WK,$#_2J`$O"@`SGP@`2^0X.>L'`&D48`
M!:@]J5J/UUJ6]B&-%W!)HV8[#QX8XB.HB((<+(6F5^B!M\?%92[_2!`M[`73
M"SK@[^<*$`%V30`$93!`MJ`RW7HH``44O%,>&,&U`@3D$0"@@Q5^8`5GZL=*
M>DEI*37H3N8QS[C^Y4P0#L"<`7U#36A(;@SSLPX`_V>V^#G%@R"``C^`HTW]
MT4\N>!,%FWF`!Q%HQRKT8``RT$!.%"U-&U0@@!+^!UOT^,8>?C`"%CV'`?T2
MHUNX,Q`AW"\/0`4JBE>[UG:Z,TRPE<$J#HJ],NB@029I0(YALKG-\98<7#'9
M2EIV@`+D0LX)R`,1@..!)_-`.#`8P!F8Q0<K#,`'3P;!<*#&E2`\>`V<IM9B
MYH&%X'RH`F-H@P<`D"I_C1(N$?A!G.6<_]H4L];.=\XSHN=:K3:0*20@@(`/
M*E"`4<ER6O\=0Z0J=^+XS6,,#I3#`E@7J#U-<0`V*`,*X(!HG^JAQ!&.E`M3
M!B$0@*#<ZS:`#PZ`!P4`P`#G0DL<(`B',8C!DFJ5@@((L&O]])K.[`6V.WN0
MA"8'>!M\&,"[=?$4#Y#!"P"@B@@JJ@,=1("5>)K`&O)$<@'\::L5A<%PK-``
M%+0K37'TJ5_)X4(RQ!2A_XDF'P1@`5I$BF8B4$`;>%!DP*:F?ZE+P!WB0(+7
MK4>=6N!+0PF^ZXBJ=YTK;JM[-^`#ZG$&%PTP+L<\8(&5Q&_/M&A`$&JH9"7C
MIR0-$``(9#`<'O]4V@=Z)O1_9I&+#-P'HH9SAP"L+(,5@4`!2``+./A0`1^8
M-'7I,4`#VM``#+U%"R@X@!<(0'5>7UW%[76O)Y)0!C0,E!Q\B`#,&HD$'C@&
ML:H>!V\W-_/?$HH(%L""^,C7=?\D*SE\F((.[F#@6DZ`!P,@`S;&D%=6\,\$
M,O!?TA.`*S%P>2=[T8*<.-_Y!QU\O65<J>@Y>``XG,_&@-V>'V"P!@C85&57
MX<KL?ZP-Y\.D`2HX<59RT0#SPS!=>B`#=Z%;,H`&AS0/(K`Y4L,'%(((IX(K
M_K(6-24&V@%$W+=K<P9^*F5*X_=>?4``(&!"?#!C9>`'YS`%#_<1LM?_5[X5
M$P'B+`/P/";!/ATC`V0@&;&P!U9`?-/"!S"P.3>V!VLA%M17A!1T)7"@`R"@
M!2.P>=S'>7&6@5@7>N/'/!=@!3=25`A@,`D`1(FF6RN8@LZB`B%H$C2@`MM2
M?.$".;I5`%:0:@BP!WH0`P:@#J=3#R"`4468"$>8*D(``W(P`7X@&D\8A=\W
MA0KG7LPC`,,5&6&P!C!0+RTH+@#6@JB0>;_%!VB`!3!T.+0D>30X*0=@`2SC
M0N!F*5)C(UX``=.G='T8!W#@!0N`!C=`B!?H>6F%B.(W?CWP7C)`!&)P+/TU
M#@`P`JFF5ZQ0>6+X6UYP"[9U"AWB#HUB&33X_PKW(8<F@86U1P;&D@MW&"DR
M8!IH07U'V"IO$`$$8(NWZ'V?]VN[6(6C@`2RY@4*%BY<T0;2AD]%Q0=R(`7U
MJ%<&<`MM<D@HH#Z88U#HD`O,P@.`9A(L@#?@H`(BD";?V#\+$`>)0(ZBM&9M
M4(M/"(6XJ%H:F'6NI8@7L`$=D`4TMHRK(`9`)&?`Y";@T%,LB0IBL#=*=H!E
ML``+D#\J<(,.L@2L$`8--@$-(`,98".<(0/TF"X_(%#VIWA\H`!ED#K9M)%N
MH02UJ(Z=)X6@EXBBEP0BL``04`)H0`+WM7?()6C/.(/C(`=G$),B$P1M$$+4
MR",_*0<-,`$+,`*^4_\>XF,"I"$`,I`5L!`$:+``-&`2;!`!_B65]0`!&<"'
MN'(6K1('6NF1A1B2OE9G[]B!25`%+_`"S#,#.B`/^[<8?F```A`&<HE?$8<$
MP80+=Y"`=>0@&0`'*A`&)A`'X'!,IF`"`E!ZG^8!(M!,6*``CV$;"6!L%%9A
M/R`'8<2'_L8D&#``"["5'VF([>B9'-B!')0$XGD!?7`%'A!3-[9J#2`/1K93
MU8*&P51?C9@R[-,R(:$`,`"(!38.8[``T7(B.[=,%=8_&4)]?-@/J>(!4Y*.
M']F5A_B5GPF/XYD$-T`#-6%51S8IK62/B[(,7J=7?N`!C6B8C=1&AY0?(I#_
M&LB5"Q5`,K$0`>0C9F-1#UX`$-07!Q@``#Y`!VLP`J/8`%SIH-V9<!$*GJ-P
M`3>P`3VP`362+BJ@!+_YFAU3+3TWG^'@>+,92)*A!Q[@!<EU"G10=I>B!Q6@
M?O8"!V7@`U:@)T.G`+3"`V7@;P40!DR'``W*G;D(H=\)GJ/7!$D`/ANQ)NFB
M799(<9'SH6`X`&*01X&7&(=D`Z0X<P$9,]B#`EY(`Q$0`2(P````>19@`W$0
M2DBX9C\@`G?*F0@7?GO*IQK1!SF0!N))!17P;".(!SQ(4)IH>K-Y,JX)4#/X
M>Z9P!VL@89#!!S:@&4#&!R0@!$0``32``09@`\^C_W34EP$R``,V\%%NH05:
M(`(5L)VH.I)4R*H:L1%IU`<?@`?'*0+LRGX@1"T?NFYH8%9G$D=9.`YEBH,S
M&!,<:@H`\#>4Z@<^0#@81P,@<(.F``(T``%1P)<\P`,0,#H,<`=L0&-Q``(^
M<"7L8:DVL)D/DI%>=6M$NJKD&@IR(&WG8B.62@<EB%SITBB_44.O$"ER!BY$
M8`,U.9N`]2TN-&\"0`>")F_CD``^L``*$`,"<`,M<`(E0`"RP@-"U0$=\`$#
M,)QQ4#P:(`5M\*T@^0IW8!T5]!;@Y)TL5K(8H0(;\XRJ<7@#8)@KZC$5('8W
MQ2A-$U&X$0-R=78Z:Q)Y4/^73;,;Y,8M"+`&#0`!'A`&!'`'!%`%57`"+?`"
M+=`"!#<#*"FU.8``PO$03Q("2A`$7<L0%.0V`]$>0K"!96NVJ%0",6!^\&(C
M$14%"M`1\^4??N`2AS06&K``)/`/`M`&*U(JH#59>]LW/+09)N,';3``>"``
M5]`#3=!!C'L")S":+U`");`!V-L!,S`#.="]/)`EW_$HW3<UP_--!!$)DS"N
MJ#MZ20``AO`4L_.^K&`!Q[E0ZI!H1!""/*`#P^$+2F!6^HA?PRLR9^`!_4$M
M('$S!Q`!-"">S\NXC3N:D6N]URNUW)L#5!MA"Y0!&4`")H"!5JEF6B`0!"$)
M)+G_OAAQ`6F0@+"`!@1@G#X0*>!0``V@`Z^#"".8`&CP9^K3,0@@!H14J`,L
M"U[@HEQAKX?`!S&P!$G0!%5P`1`\O9#;`A1<N1?\`?/J*M_!K"45A7P8!&NF
M!5E4$*:K=2B<1DG@`>U2+3-0&"H``TB`Q#Y@<@?P)VV@!':R!@TB#H[S0EIJ
MI0"EQ)'!!C*`&L#@`4J@`T$0FE`LO5(,N55LP=W[`38P`A5`PD^2`:#&$O,0
M!%X$`!D2`4^B2:IZNBB\$3W`!&V["@!0`.29!!L0`<1W;%HZ('X#`V/PC[`9
ML(&<#>(%`@(0`S1P`!]P`TJ`!E,@.W0P!@*@`$X,Q8TK_\612\45K+W=FP,O
M#`*8O#MG<`!H8'``T)<B(`=Q(`,K(%J9Y!=2`):HB\95H`#UIP0;T0GWILN\
ME!]/^LU"-E?QQTOC``,>H`,QX`0;4`78NP%]\+Q7`&X[\`)],)II%,72/,'5
MS+T?@,$$$%Q>D$4C59?C,#M>T"]QP`,<H$#IC`&]PLZH*YX](")/T0;SW`=I
M$`6(ZL^L$`>>0[O]JK-R8`6+/`H]4!AHC,KB:09H#,5F$+T33<U6/,D?\`'-
M50:BE3LH``->&A9?^U%>X`-:0,JE;,;K>ZY)\`'O-@YM(`KPY9P#?$,\P+HW
M0C5G(%@RMRB,4BT$X&+O)9XN)O^>[S74:?3`T2S!%-W43GT#1&`%<C#*FD0#
M.H!$Z6%)X20$<H`%95R2*-P)8I(.#4``?EH8/E!T`SPC`+!'Y```1`(!1'1/
M<QTXE[$'`]`!,7U&0JW4@LW4DES8-R"L9<!`9*`$9X4('_4(*/`D$*``6$`$
M7%*DERT*`T#3#R(`)3">66!70^Q?P\D5>J``<6`I8^#-]HS`/&8"<M#`Y'EG
MA4';D&S;UFS1.[`#M5@&;<#!DM#;9Y4>6`"J5*))5D,$*5`:RGW9L#S:CL(#
M'9`#HT`#`##$TV("=-!U?N`%+W$CMG0M194*>3`!*U`#45`%HL!2LQW8Z6V]
MMXW!Q:R1F16@,R$0`D0`I2/X45:P`#P06I4@!3]0`$1@!"``+#C@`CS>XS[^
MXT`>Y$(>Y#B``Q(@`46^XRY0Y$?>Y$[^Y%`.Y5_@`$;.Y$\^Y5$NY0ZPY4/>
MY5XNY%GNY%/^!63N`%\@`61^YE1NYFG>YFN>"2#@!G(^YW1>YW9^YWB>YWJ^
2YWS>YW[^YX`>Z((>Z$\0"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>28
<FILENAME>o68633o6863307.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863307.gif
M1TE&.#EA5P))`>8``$LR(ZE9#>GEVY2$>-C5TO7S[,>ZKK1B$.KIY'AM9<[%
MN?S\]+6GFZ:6BBH@''!C6MG4RJ^1;V594>'<U,3$PH9U:XI[<5A,1LROD))O
M3KVSJ*B<D9V6BYF+@;FLHZJFHZVCF9I4%-3-Q9Z:FHY8)O+NZ$D_.,:>;9=E
M,O;V\Z9K+&],+.C5M'1`$X9(%6^&<;2(5J9W2))\=(E%"IY3"_OW])A*"K^[
MM*&/@Y*HE91+$K2;A9-Y9%!C5+FDC+&?E(N&@(I1&K;&M8%L8NORZW>8@?;[
M]>#BW/?[^[NPG:FVIXF7A%]V97TZ#$%41KU?"\O6RN7*H)JSH#A$-ZR@CI]@
M%MK!G+RA>Z1<'N_W\Y:!6_/DPWE?.J*!9;1].F9@7<2?@_[W^>+IXI5]@(=?
M0:^YKTLY-XU/#-#=T6`[&+.=H;RNKXR;D;_/P?3O[]2_O#LS+___^_O[^__[
M^?O_^?O____[__O[_ZB0D*ZOD+R[CE-9.WYR<92/C/_______"'Y!```````
M+`````!7`DD!``?_@'Z"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*$%".FIZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!PL/$Q<8C?2,4?\S-
MSL_0T=+3U-76U]C9VMO<W=[?X.'BX^3EYN?HZ>KK['\"'\OM\O/T]?;W^/GZ
M^_S]_MCOXOT;2+"@P8,($RI<R#`@PX<0(TJ<2+&BQ7,.+VK<R+&CQX\@PV4,
M2;*DR9,H4]X;J;*ERY<P8YYD*;.FS9LX<^:CJ;.GSY]`@T+C*;2HT:-(01)-
MRK2ITZ?_ED*=2K6J59'PKFK=RK7KT*Q>PXH=BU0JV;-5X\R)PS8.6IEF_]_*
M9=IVSMJY+^/BW1M4+00%$.;P5:EWL&&<<5)\N6"AP.&98!]+]AFG@!DX"1Q/
M#EEXL^>0@IH5,(&Y@*@_A#ZWZZRZ]<5"?T:73E2GDVMUK&_KA@A;=F91<4+O
M1I=[N/&#O4G_YE0[-.SCXXI#G]XO^6Q$-9#(.51##FI#*;87JB%`,/5OTL^K
MMV<]00DW"8!P0/#'+0$+(SQLK_&'OQP$?"#@EAP4`-$'`@\<X9T?WLG!`0<"
M%&#77>M=DUZ%&*[37@D(7$``'S>(H,$$%#S0!P@(W'`#`FZ(.,$#!$"`Q!]\
M@'!$#1=X0`$""&@@PA%?:)#`!@7$L8!;&5)S8?^23)*SH0`7:,#'"`^,\(4'
M#P`!P@@&:IF`!D=D.<(?=:SQP`<IF`#$%Q\0X,$%-TCPP04<%&E>D]$LB>>>
MW6R(@!E7)A.'!1Q\P<$(?)10P@,/>%`'`B9\@0"#-6AP@0@73/!!'Q/T808%
M%A!A`05QT($DG\[HB>JJUOAY@1QU@`!$"0E0"<0'?/R8P)1_("!!K7'(40`2
M7%YP!)<)4/`%!7P44,$-II[*JJJLAM76$2G4P):I^[17``(<I-!K'[<2,,(-
M%(@`!!`B$"#?$2"(,()C&AB(0!\EW+"&!WU8,($'1-S0V%K2HDIMM5VU-<&W
M:Q&LC[=^N,%,925TEZW_''*XX082E2$@;&7UI?#>']FF$!X"!<@A[@((',D6
MP@<CO-6U!93W!X7Y>"M'L(/\@7$-#`:+&C/"?><'T:$MZ`S!+\,<F<R3M16A
M`&ZU]7!JOI50=,]'#RV<>&2B%MS0S1Q]M%M'+G"DS#%#;17!$4Y@7M/X>&OT
MUO5Y1_3>.YL]-,;,P.JW6J7>.>W3;D?$=+16-V,UW02A?40!$[0%.7M8*V?:
M*#U;SC;BB3-DN>?U.3-ZP?](7@`$VZ)>#\2<%^UVVZ'+4RH=$[\,^>.N]Z.Z
M"*3GG/EUL==.>^WMT#$'CQ+6=_G$.$?^QP*3*Q!\W<,O5WSHQR._SO(5\*$!
M_W^-YUYJ`?P9I+KU#E_=LV^;;Y]X]][?G4E]$SA@`@?D[]X6`N)27WVJ5S[A
MO4]S]9,'_;QGFSCD;W_]DY;5`'B0JE7/>?RP6P+9L4#D-?"!_'.>!%]&00'&
MX8+/P]P!2[-!#H*NA=_XH/Y"6$#GT4$``2R(!0N@``QV*WN:@2%Q7BA$:Y"N
M$&,SFOT6@;\91O`9;)G#PBKX!SJ@L'?TT&`1S=%!A*EE#FKS&=BZ@S&_;0<U
M>NM:U\CF0">*$(ILF4`)J$@]'OK0?:&!WQ8Q0L0]2L,N"T@!`0A`N?#X(5CV
MH<`920;`&B!`6W^841R0P*,F0O"-IHOC'`58QQZF\/]U0/1C.;I8K3C4(`4<
MX$.;$D`?C+&%5A2`0`F\\P%)J2M8>OL#LSS4QDO6<%MRI.,5,QA*44:GC\9\
MQ@)*P`</6%$"%@!""FX`A#50``X<,$$?)`8".A$@`4=8EPA\-B,/C*"7-+R<
MPC:IP^D-\X<KS$PRQ4%*5AFI!J#J`P$D<(,$0(`"'$@`ID3PA1O,:%,6``$?
M^O"!&WQ!6RKC`ZE`^,1,TB&8ZC/2Y,990Q7F$8'S!$<]\92:H]6@!$'B@Q@L
M(*0/)&"?"!*!(#[04`GP0:!0$A<J^S`'.A#`C;_4)$+8@BT!8-*`'V5A2-&#
M3%&F1EB;$FB`^J`!"03TFR7_D(^XUK"&%%C``K@R$,D^L#\1&(&B1\W=1=FI
MPQ.FP*@=!64\@[A4;HRT2:F))`(F@``C>*P$*=CK(Q%`R0EXIP`I<P-])F#8
MG>U5CA<%JCJ%6D&WPO63\]!B7;=Q5R8=PAD+8M#>G)$T6)%Q.TBH0QWX$UE?
M3G:M0[5L6N^AV<UFH[-)RFOIHO'+B6'PEV@-J@/9.I"V$."ML_7HT?1H6\XV
MM;GGB*-D"P9,XJ:.+12H67+EFE1Y0O>VS_TN.:3K6NI25H<]U4`)+HM%>=16
MO-/`;7/)FT[SPC:C<5`O>^'97;K"-[[A_2\XZ%M1QYTW<FRYP7JWF\5B"AC`
M`GDP_SH(/-OJ5I8.^F5P9ATLX:]$N,/EH+!P,=K6_);@"!IV+X=!W`SYVE;$
MKR4Q@DV\7SPN%Z0L3E6`<XP-&)MWN)6E<8K;\5X6NWBS/H;C?4N<X;@V>*X\
MUO&'H_R-)&<2R+O-LC[:HN`:(_7&2J7RD>MJ90/'@9"!6V39F%&'LC%Q'&P1
M@7:=O&$H4]D=.[[S-,IL/CG69D%("LXDQAL'.7L9>W86<Y[US%MT%MA\:%;C
M:/7F';<<<HD]@W.AYXQ9%2<ZRF->*I]%.`$B^&QHEO:9'U1;4D40VM!#9D>1
M01SJD/+9<FZB*@4TH&!!P,LQ?B#`#6I0@.S^S7ZOYG1[B?^\XAS7>IZW-E(<
M('"E">S+`PB`P!K<!0$%W:`/*7`#F';-HQ")ZVR:AC6=/=U?/3\[F;=>P%HF
M@"A]>2`!'@`1!/C`+C\`-+`UB@\R`CK.52?[T+1MMI$7S6@X!G=W1YK#$4KP
M30W<6ZM',$&`"-2'`AP!K#KJ0'PXH"!!++O'FT:X<F.#8U`SO.$&?O@(2P6!
M/BST!F48U4)%T(=D(($"$@""!CK@`71QX`,6\(!193?@E,=:0PJG]<MA[CR9
M/X-@C#V"&[)5`B2X`5L%$%E_CJ#UK9O,#>3Q6'2=OFYF?YK'[S;FJ!46/T/P
M(\[*YB^8O:OH*5/]&G./(Q$2<7?_MG?:[>V^<]Q%&?@SU_TY6S;\R:'^=F=/
M'>:-+S7A]X%WE7-W[_ZUO-__7HW&$W+SD9?S$:Z7\,HO?/2DW[.C*RQXU.<#
M[ZN/EMY9'F:7PS[VC;;ZE4^/B,*KOE2'EW74.[QX/V9^\,7G_*9SGWS*)[[O
MP,^&Z1^OV]M/'_F35\>LF7_YAD<[CJ$GB)P)P/J5,Q?[V0?\[`MHN<D-Y!!R
MYFCXQ;_\H+BZ)\VW1^<7!R7D#_A7`/I'3*Y7%/^G$P&X10-8@-5A"/EW1U_&
M>WR7%`V8$P]81(TG@0I("!58?=8'>DZQ@3C1@4+4>#AT?X9``2UB@8AV?1H(
M&YW3=BBA_X(PQ((Y-(&%<`,Q2(+\MX!"`7F5QC(I((2<47Z,QH,N^(-!N'_I
M,'[^IT0,D@)'P`%!)R%2J!1,J&=.^`^'`(0)N'OO5X."(`?FD@!PX`!P``(E
M8`31`Q,ZV$)A:("&0(8RV'HTB!2K)@@IT(8.X`!?``$I8!==Z(6_UPZG0SB)
MR"?1MA8MR`[_,0%82!^F4Q]FLXE_`(0*4"3$-B!_<&*?AX'IEQ)-$U@*\`$@
M``_8<F6']!\:((ALX`95\XC?,$U]P`'CPPP48DJG,@<$L`$@0#6!\T:EXCA0
M!&'2)T)M@3ND-6@5,FK3$P>3:`Z%0%"YPE`[`UI)HT9U`(3K\O\'[C(Q2+`&
M?(`QKE1&4]A_)P$K^V8"%\!O"2`!%[`LZ=,@#I1-7P`$+T4V3W8T`D``7S`"
M-3`!!'!*")"0UD@`$O,'',!2%Q`L=>`=="!O!;`%);``-:`VVL)J6!1JX"<"
M&Z!>ET,)&!*)!-B#3M(S2`=8?>`!Q0@!*M(!W[:+;A`BS2".`4)-"``$#Z`O
M`9)*"L`LR[!&Y4"%)D&`0&`"ZK4@<D!)F/(`DS**-T`:%J`@2&`$_H&+?9(:
MS%(`'Y`E`S`"$C`&7U``"\4'1B`'(S!R@48'<D`'!8`!*.`%,*`%5Q`!&%`D
M:X24+?:%3;<`"6`",#(]SX"2TSA__L/_%A!@5.>0&EE54#%9B!K0<UEY*7U`
M`0*UDV[0!VKR`%/"*58%5D`P`M&T`6Z02]CHCB61`GSP!5VG6$AP-"QB!"G0
M!\L"!'``!R-P!+611#/H!P+P!99H`03@*SWG!A<P`HSQ!5E`+*KT!>("1L&R
M`!"P`E5P`#,P`U6`!2C``G.P1FWF8=)G)%\`!Q(``<J3F-*X'HT'`1.`#JE1
M`V[@4@SU`"*P*7VP!KZ2`B(0'Z;&#(:82FZ@``;B`8K1+SVG`13P<4#`FDGI
MFB31!PF",1_@FVXA)SL#F_JC3WTC:5[I#83@!D#0`=UV*_VTBTA@`D8)!4A`
M+$!``1=0`A."_R0(0`8D<`8S$``TH`,M8`5S4)[,&'GH"0=?0`!&8#GR)FFC
M%8U*%'&.J(1\$7A_()_TV3/F@A]4E4I\<"@KD@`F8P+Z,30WPB7DN)D)D$H>
M,*-@10#J$J'M2(0AL19T0`<2L`9Z,P)NZ#$F,";,0``7H$B8EFD!^9,=``0A
M<J)%20%9,`)$P`$=8``+0`?4U`<W<#-VH3=SL`-I<`95$``V,`,M@`%#"IC/
M())LL0#IN9X-(V]&<DB&6IM>\QUFUCH+<#/#8:7=EJ5IV"(B@`1A5P/=%F[B
M(@!R,`&28C3(RE<^0Q]'(`(F,T<3H``((``BX`9,-PY*^1'_(REC,_\"D9(`
M<M"<>Y-T;8:"B&<V@#,'-3`'<M"6VG%2++`%1Q*5M9$WKE0"70"JHMJ=+>`#
MIZHD@ND-;<&JZDD`<\`AY*$VEG8T;D``F\0@#PEL9[,6)H.(5+H7O(IBD9E7
M#-(@1[,?J%$`.K*)Q"D'`F!POD5I+#LQJ"H.W=H1N,8'*3`(XOI3-]"<H5$'
MIUFHAEIG/9.ON$,P&+,`&)`!*!`#+/"NK'8S?G"1`K`#)%`%-#"J+M`"+;`#
M-=`<1>I]1VJ<-\`'*&JS2-(@^)&M]2$"$J`@0-!*411.$H6#DM&QONHWSL&)
MIW:,S*JR%5DV:M8U9Q2S,DNA'&$Y""`IH>'_G$C0E']*"+PB'M$7D*K6-44+
M1KBS`!D0!%6@`C&P!35@!Q5YA"R0`22`!:**M5K;!?%#I*E:L-UPL*U:<R.@
M**K4`7O5BFZ@)KM2`G4@`B9@`2GP4A_``11@%S5P!+O(-+O*F.9UI1[;FEPC
M+6WV9V3"%MOQL,@Z*5V3:GS;-R5HBBU1%W/`3SAK`G\@!B;@`(!*CL:)LI]5
MBIMH*F!4J:9$!D$0``>@`B<P1^J(!"4`!J@;`"&@`RZ@`Z3:!"W0!1/[M^9I
MI'/0JC'RI1^2<TI@+A(@J+C2<7X@`GQ@`6.[*1J0E<QP`T%9-<9AM[:CC(&&
M-$DD"-MK/LHXP^%[_X8;(1A.UB(7(`$>XP<?(`$<<P,.\`',`)M`(!&.>!<U
M0`8A0`,A$`1D,`$+@`0WA`$P$`(A0,`%[`(NH,`SX`(Q0#6$RPRJJA:SZQ9?
MRI8W<"A`D,'Z>2Y=Z\$$R6\4T+C+$)5(1\.WH<)X6`C("E=[&)`FZ!&/@S0^
M4VP),(B$2!\+R2"_"T"Y^04>.\8$09XW4P!,[`)I```KP`(+P)484+4'4`4Z
M4,`&S,5!T)T9L`5CDT)E','J^1=8X@$6D`4WP"5]D,%)>F\2(P(6(`>UU$](
M9VH]TG-^T[S"9V#0^X2$\,>EL[$M2:<3`:ML87)RD(6".(CS:`(?<"/?\?\?
M%&"8<W3,"X&4XUD`)-`$:>```)`&,8`!+!`!)!``5NO$(7`&7<S%+O#%),">
MW9LGL,L-=3&[1T`!!)`%"D($/&+0*6");D`!X>$&EJB&!4``.W(T)9`N$A.T
MKL''/MC,*OO,(PH.,QL1CAB5!*7(@_@%THI/A3F/0!";D0+1N=2-Y=P,;68D
M,/#%6NL"H9K%3_`$]HS%/#H#ISP#3;`"!F!RO?/*L_O-.P.-)!.R#<*WSRP-
MV]H:'AV"@^#,MVACXDO(7]0IZZO2RY(%Y:DR!5V\#?6*2)+5R('3J+$`5ZP#
M55`%34P#=XW%.M#7!3P#9\"C^(S4*Q`!IJ$6TN#_U.HYG\T@U5F&PKX5:(T#
MS88Q@$<`F7T,TH!,V84KS4B\`.Z2S2L-@__\V!O1-*N&!&H#`S00`/3LQ*-\
MS]UIU'W=U]UIP$W`Q1G0M/"JJ<'",7]P!`&]#0.-I)4STDER:]Q226)H"%X=
MR$([R#2;N"JM/S>0!89<$M7<#%%)UP?P!`?@VBJ`UTC=!$9=P%@\VTB]SRX0
M!#"``5$0!5NP!06@-AQS0L.M#<4M`<>]@\X+1Q3#S%T=TE]]@3:L$7.0FXHL
M`76,;"9Q-M6L-AB`!3:@OUAP!DV0X;F-Q7R-P+/-Q=T9`J,\WIT+`YXL2<*]
MB.Q0W,;)V4W2>(HBX#!,_^#0S6[2?;@+,`'JZ:A$VCD/+D(8#0-!8`,'@`7E
MW0*Y?08<;ML>_L7[/`,T\-U!_00$?`(I4Q^*S=\NSB3G-XJ8F-D#OMG(3:*&
M^Q"`-#EI=#=C7EF1I!U^L`41$`0A@-==K+4M$`1X[N$Z<`9-'M@@K@,^ZL2M
M;0.?*S7YK7U1E)XMON:+F<S.R"$RGK)B#M8'?A&/HZZG_8Q12<4E(.18<``A
M@-1V[@(DD,JSW==/CNH@#JIZ[=I7BP51<"1^@`"'CG)FO-A;GMS_?660WMQ^
M3..Y3N:>;1&8KA&6(Y>FM`4G\)W_*NHMH,^G;MLA'NKX#.*A>@#A+=0A@`&R
M+O\&M2Y_M[[H_NWH(M3K8#[CDV[@+0<2Q6X1HW.1RHX"J&L#!ES>6:NUYGW`
MTE[*"-SO?IW%GX[M5PL#LI[E_6V'NVYFYO[182[2E+[N']'N%&$Y8%0"5@`#
M6(`%(8"U7)S;=>[DM4W;':X#-##4!1SPKDWHN4J<WVY$B6[<P9Z2"6\^"\_5
MZ.[PZMY[[&Y[F<X,"R``6H`%)4_O3AX$^MS%N5W;M<WAZ/WI);_72KZ=J!L"
M*"#KM*[BZ[#?QPUYH3-WS,#<;<4R1I#N.2,LV*H!#V`"0V!=ZB$(=6`'8/0#
M#K#Q]([`04`"IZSA?HW`-E#R)=_$^GL`?G_70?#TV"[_^$%0`F&`!"E^GK"L
MY8+&T6YCI3$N0!(W]CB?#W+@`1P``@TP`#+P`$-PBM2A6G5@)`40`0[@`C8P
MJC80`GC_Q>9-VTL?Z*X=^$5.\AI/`B1PSZ"*[0$0!.+)^"U?>B\/^5R?."R(
MV3,F`#^?^77#AA4P``U@CZ./(>C&#,3FJ0[0`GU/`QI_VT$0\GZ=\3[JVH<O
M^#30^T'0`FF0!O=L`]L)WMN^``A=_-2@]=7<?<H/"'$3#B8<-7]QB7^+BXF"
M$XR1DI.4E9:7C71Q1S4"B(AQF**CER(<-P0"9F9#!:2OL+&RL[2ULWZ@B34%
M7``.`#0!`38Z9R$T(2%G.C,A_P%8PL$!3]0'`<E!+BUI#FE!.CI8U`%5)P5&
M1Q\4MNR.<U]P$A.)?O7U[/CY^OO\^HF#A0XYBN3H4;]\B8PH2.$IE**#K^+,
MD1.G@`DS"5Q!W,BQ([][H?S,6<##@<EC-FQ@J2(L64IIPL@=F%E-68L5*P!P
M`T!"AXU@3X1YV8(DW3J/EAPM@">/GCU<2*-*G<KO'R%#N0@Z$J"1ZJ@X-6X4
M:`C**Z.GN"S"R6BVK5N(4*'*02#!9)`J,ZO0@!FS[\R_ULYH6Y&DQ!``<!RX
M)!?@[XD%`M2]5<IT7ART;S-K]FHU8%9&!1&DV$P)[`V&GQZ:Q:R6+>G7L"W9
M681+CO\?.3=,IE%AC67COL(``P[AP@5.#',*%*CK(`BT`U541,>P)4[DHVTI
MQ[.,.;;W[[,Z8QT(VM&1KK%-CTT=JBUK$VO1@Y_O]AZC.GZ0(/E@$EI,P'X!
M5H4-,[A``A=<0%##`G'0000?#K2`!1;0Q7#"%@O4@,1UDR6RU'9.V4/?B"1*
M(IY`JN5"QP3RO68::@ZUM]I3?[368HDX;@22C(BX45<0P@D7W`%![:4#"3%8
M,8$`<R"B"1U'?)$&"5BH<`(+!2P0AAQ02N:6=DVU)V*.9'IWXF>-)`+EC9NI
M)X`B*5+U7GQEUGE0';FT%\<"<E#@0!-!!CJ.,%A<R6`<<G#_N2<=&VIAH14E
M+"#I'",9U:%$\'QAF9V<PG8F>8U0"N5HI*%UFU@(S%%0?33:V.FK$.TI1P4.
MD%!%4$\(.5-C!R`9Q0)-XA*G*!Q^F<@[<&@Z+*S,1O5IBG-H$@<$;,[X5%@%
M(+`JJR*ZVNRWMDCTAP!P[$;-N7^UE(P*8&RAJA]UX+GL)<5F=VQE\X*K[S[/
M\JB4`M5Z96I8*1!0P[;6WN/MO@R_4L<<5`"`5S4Q81%"$"B@`$,4-:@JQQ_Q
M-A)+O6:YD^FF#:?LCR!7H>BO(R+0\9JI2(B0`L`("]PJ?*ZI[/,DN"Q0`@]I
M0'=`"%B@H`(,)V#`PA99QA'OU/:-_^REO9B"R.//7$?$LF>@YJG``C.C)0<!
M2.`<MIP[T]EUUW700:D(*RCM!0Q@6/%TU(LD2G5WKY#,V;W)HOSVX9CT:V(B
M-Y!=JMD3R(&S9G/VC+C*FBR"@!50'_K'4W]#]?F8@5]=,N%A7JYZ:5^/%Z>J
M"XC0Y.-/R1'YY)E5'O#JG39(A\SQ>BAF>7"21SHI@E-E<N'Y\MZUXEK-<8/,
MM-MCN^0%;)UP6CSO[GR=QL<K!YZ3K)IBU:5C=WK6J7^_.O3E+7##[)N9>CWN
M;^GN/KB*"$L'O'LJ'Z@`!XOD365YRM+>_K@&/T3`+F9EJ]WMLD>YMEEN@;"J
MQZHD=1]3V?\C7N@KH.D&QS[NT`B#/FN@(Q2B0/=`#GLMG(K^4$A#61A0*LL+
M$P%KJ"\5[JD`"J!?!24(PR$JK'L\3.(H;N@LU)GP>$ILE@_CD((CP,9^$XRA
M5&88Q2Y*@HE(R>$30^C%WK7.95J)0PF.0+WZO1!_W#JBV\I81C!Z1(PA(B,=
MP7=&-.5BC6TT8CWNESTM(H6+GLK95V)1//;LD1%V[`@>+W/"1W)JBB681P2M
M%SD1E&!M;.L6$KT#.U!6@E*J,J16RA(C2XYKA,IS8AY%Y\HR-1`4"-!D]089
MN0FD0)$RM*#W2B8M51)/(L9,$YP0P2!+1I(CD]QA+7%T2TJ5X$W_F^2E[5)0
MS#AR;XZP@1VEDMFD.!BA>6ELA*222<-G;B2:E9QFCJ8H`&SN\C:]_*4@:S3*
MV-1``1\`P?Q(@8`;1`H6F=O3L>3&S@6Z,U:R%%/(Y$DF%5(*`9_,)CZW"<PM
M"O,[-1"!!KX`A$YP(@4(.((;U,@B16C@`HW[1"4*DJ$"E&`+$V"!`7R@@(,I
MTXL//0@"#4=1/@+$=2^C@P!*$,C<O;"E,G6A*,'YEME$P@@$D``"*&`!/C#@
M!GS@0Q\0T`$+@"`%<Z@#$-:*!#^$X0]V\.`<.B$"/9P`!EY0`31R=0`6+$!>
MS>QB4/LQ5'06=3Y3%$U#.X)%VU%PL1_Y_^AF/H8?MR*@`F-+P`V(<($1`($`
M"5C#%T:0`#'\(047Z,`%4D4'BAQKKB6`P`F\@((J4(A(U:B&.>:`B\P)%I8'
MC.AA[>3#.4#UGM>#*F3W@<BW,&IT<QC!`!;$!PJ4H+-].`(?RF`!`AS!-A\`
M@@BJFR9);<$*,(@!"IY#DW.AZP`J\&N3*`)4X.*0<`D<KE%;YL<_4.JX;B2B
M<O,G6<VTEA$(L(`%@``"$:SU!A2X`0)&<(0^`$$#*4#"""9@!Q%\0`Y"8P$8
M8%!;O`2*2+CEZP%.$*DZ?*R^ZB,ALMJGWWGV,6P2F0,$](G<7CZ6P%.]H+$8
M48,2(&"I-4```O_DD((4R&&E;CA"">20'$G%5@$G4&]M`:-B0?WE"5[XU1]>
M_-L8QW)/)S-LC1-Y5#269PX"\&GU/I?<'WN3GU1U"Z7@>AL[I``"`@BLB.CA
MWPR=-\LD&!*7NQPD%>?*''^MHWV;B&:MK=G&;?:C+FQV1;-]=\!W7EAF0N'B
M,(3A#3&XB\8PP&HPG."NZ8V!"M8;`I:<^-9??B]??T5+)0ZV*AY*\W(O?;I,
MXQ@L$#AG-L<\`22`6JIR%');QA>',)0``RBH=5Z2,:$),>89N`YWN',%`[Z5
M^5(?HC&QZ>/#FRE[EW\P@@AJ\.SMX5G:9L&3T*Y@*Q,+@T"W7;2X!_[_Y2"Q
M(*J^GG08U23L=9/HEL@&UB81<;,4U%MG01[F.R-1`Q;$X`Q5,/%?:$",@!.\
MO>YU[[@/``,Y1_'7_(JH-!VN&8BG0';#EB05%6"$BX<RVAK7QVSJ4<[67CO;
MPLE5%4(`#I&?_.DH;B]\69#SM\%\926<)<W3<^,4)>+FT?K.UWGN\V!F_("+
MJ`,2XC97%L!@)7\)N36BX9,S0/WN23_`&3!0]:Y='2$RC^?6:][UEY5``6H>
MG+O+[M&SWU=-"SBT='8U=^`P70<T<#K>H4Z.*`@QB7_'!SRA./@.&3M.="B!
M"!(?R\7;&=K?Q/=&1E*`+6#@[2:?>^4)E8Q@_VS^[BV!-(PO-6/#3;3TA#^]
MOY(#@;Z_<^<]?[V]10W-/P@M"B=8+\ISQ2L`J2L`-/C]R1MC,15$ROD_"WT[
M\$M4Y)/&A[E$+/09'Y7FP@)TB4+"95PL!_WLZ=HD=EO5@%L"$A/2L!=[T7WB
M=VO!$01D$`5T8`229F;!E77HYWXQIWPF4D^L%UPW1V_2AW%`1PM6M2?!<AL?
MLR>1AUZUI0*\$75"(@PL@8#!0(,RH8`+&"07@P$+P"@7J#+J%R[LUX$8>$>%
M9R(3<`1$V$1&D&ST=T@%%@OUX&(]2#V24GM6,%NW]8(P&(/^X1L&&"`Y&"A5
M<`8M<`61<F##9RP66/^$+G*$!#$!V@(>"3$!"_"$'F%_7Q$2B_`[YH5],<!>
M`YAB>4%YP<$K8`B&BA8D.!@DFB<D9A@#&!)8:X@UR))?;M@F<)@F$_!)/]@/
M1A!H>,A84?@*OM4@D1<%5S!KT4$37?A>N_(?T]"(X`=^OK=[C?ATPZ`#+8`"
M@?:)Z:=P1MB&F9A\_'5LU+*$4A&*=QB"/Q=[01<)'Q,M"Z"*&3-Y4B<H`SB+
ME1<4X(87>!$-P)&+XC8.,T$@VO"`9*-'H">,.I<UF%B,IG>,7A<'!'!.P+@/
MG=",#@%D(R@+^B$TV3<QC"9NTQ`4!V`Q8!@4_M$8OI&`Y%B.LQ@`,V"&*W#_
M!1C"6X+7CA3X>,6GC/*8@?3H+W?H.>"QCZ/($7HH"AD2!3!@8K!X=UB`,2@0
M!`GH#`T9#1`9BQ'9:-$P&#$@`@4P3C-70T%8"X65CR'I-1H8"7=H2J2!DLYH
M=O\8"[:'C0-8D`.'##"@-ZG&;>-HB])`>03G'R17("00`>YR/O`R@<2'+TJY
ME'O8E(U0,,@T'U+9CZ'63Y.@*I)@7B_Y@H,XB'G'B"$0`]0A*2R0`4'`;7K1
M%P@X)#UI#;M'`P7B`AG@5XY3%L[DCM`4>*0GE\]'EXA0`,WW>?XDBE/9>%4Y
M"7P"%?]3`%'@!5JIE5Q6B-1``X52`F\5-(O9`B1P_P:9!Q,D=PPR@1>Y%X/"
M,`,S`)P8$"FHZ4I'20NCQXZB25B;B`BQ-1)QB0]YB7`B"(V6P""B(PADP(6%
M27`A0`)7,I1O%3*1EP'><`9G4(O@IP/&28YA.0P%T@(PX"Z40HG3-)WA`9K6
M>9TB"39>5P($("UXJ9IZ"7OW5BT]6#6&L0+9^'2YN3%9TDPH6&@"0#0N\`T'
MB#3"H&+[&1-,UYP9`"EV8%7<25$$*@O5V6L(*E39&0>Y!)6;\9W=*0HK:7U-
M-0<^X``4HG*Z.!0+H!\RLS47)9\MX`(O<0W.$)95VA?*H`TDL`,L<##C\S'K
M)*.>^7P66)0WNC*DJ:-'8/^2(!5H!%!(((D/02J@BR``)@`HA'AR6!`#73H1
M7#(F#S$770``43H#/Y$,B#J.SP%^]'D3&?`KG^<[/QJ,'4EIZ39&-GJF"8I4
M!"$`$Y!*#[H`$.")<<H.0>I;B(`+1*H8>3IP5?(K>D))PK(M!>`#.N$"S$`,
MB%J#P'&6Z7@%0SDZ3E(0D^HS,\I(P:8U9JJIZY>F]<2FWK&/H]I1]5>*F)`6
M:=`"*A"3X88%L$I+@T:L2,!D.Z`340H./O$3$XD,V@"<2;(%-?"B<04*AQ*A
MM72LL``FF,JL$)6F1Z"$I=H1^^A)`6NJUGH6]G$;4V,`/$&``X<"5C"4E94X
M4H/_)S6@`0!`J%&*JYA'I8.1`5?`.5GBESOBH'!55/CJ-96F0QO)KZ*7G2MB
M&<5*"P/KB4[E>)5`(Z2&!+S0`ET8;L#:,7%567Z@&B"D03E6`PQ@`N;:`N>:
M#220`3M@!5S!(),B$=`Z.IGZ2"E+"I/DLCKGK&\RLS0;:`1;L+40I)9`$0J0
M!LFY:'S5<M%9%HE"9EDA$09P`7J+$SB1`3Z`)299->01.EN[1UV[A_#8?F`+
M;&F:A)S9IK%#JOXHGK)`!S40`2Z`:^<2`/_I?,"B'+N0`LI1K[/D0::+LF,*
M4<2XN#C:N`U!MK)0LSP*A3@+"^,J`!E`D`Y+@$-1L,2J_X*H2ANF.[P'ZI9L
M>(F*R[J`1YI_D`JSFQFRB[:TH+:68`0I$`8B@`*NV(58X`5^A03Y0+H%$;S$
M2[RH6ZD+M[K*NZENQ@B`]KQO$;VP"S0'RY)&(`<U8`5YY07\R[]X!0,;LR#Z
MAP^:D$H%W"`\4K[#>[YOR3SSBZ`J=!XFFQ[Q9K:D^L`(6[NF>`AMQP(>O`5/
MLP4B#*!_H'\Y=BQJHAKF4Q`QBDQWF1J8@0N5M*S&:XEPN;[8R;PL\@?!ZR(5
M+*H7O)=YMDCW,!+`$@=VX,**H'8>`JK$:L0#(1$%?"B@VC>&E+"?<S`T7(GK
M@[S2B\.<.)*2,*J/FTCT)F^2*__$LG<)_?-!_3<^1_L4CE`#/@5*BC`'1^!)
M`2H1OC2-!*$<">L'?T8M):Q2&G`(M,'`QWO#8(RF8AP)ON278D=%$""JVB(N
M:AR-H%&OK34^\#(UH0,6(J```(-P<R6Z`B`"\V`!'W!2#%$`?2``&(4$)5#+
M1[`&$]")GX11?W`$%\8'M2P"'K`&K1R:7)NZ.)JX7PS&MT0MDFPF<W!SZ%!(
M3?6,$QH>!*$)?I#$<#6OOR,M`I``#>`!!K!41N:I$*``!J`!'@`"#%``%J`!
M$[`!&@`"&^`!?:`!'^`!'[`&%,`!'V`!$08"'Z`!'#!61S`"L!Q0'C`"(,`'
M(B"L8HK_OL/XD1@LFLT,IP7Z9@_A.ZNTAS<G-`<#OSI2O]>JLY\C";TU3L;E
M`&8P`.2L`>S,`"#P`QN``P,@`S(P`&1E70]@T`K``1T`!.D`!!`0T"`P`@IP
M83?0!Q[``4FHT$!P"AMP`Z9@1<-UN*)0HXV,E-GY!\GVPLC*"*UU`VLU`B6`
M!+\S9E38'HE2`Q&VM7]F!(I%TG!ATI=@OBE-QWU#924@`2:``QK``#_0`14@
M`Q4P!!5PV`/P`P;@!OI,`1#`52,@`B(@`!YP`Z.Z!FL@`IH]`6MP`[E,`+7\
M`1]``-X%`4LBV>.DR#:LK"W;U7/YR(N@8R.-#_R7QPDP`@C@_]E+Y=D&0P`4
M0`"+X`:D!9Z+\&<+4-?+?']X;0GF.P=N0,H*@``',P?71-A)@-,R8`$#T`$-
ML`$@8`"I4`)>FF%Q<`?5W7^G-:Y,YF09QF02R-Y4-!J30@<9,M(7#2Y:3;%E
M&MNR3;&-.TY59SU]4EH>``1]8`$W\``=D``.Q@$6H$^@91N4,-?,O=_4"]VF
MFP@B<`$5H`$*(`(0(`+KG`3K_-T#0`6770!T/#N.$!=004EC1A!C=AOE*3(%
MK"H'O-_?TM]L;*"%&^!)D:.6T<-2B(((\`4$0`06(`)A\`4;8`$(\`!X<`%`
M(`%830!\D"@77LD9GLG3:[H+H@"),?\`Z\P`.S```V`!$B`!0_#=#2"S.99*
M(7$/Y8GGGV"W*9VP#3(2>]S<EP/D1?[?QDSD1=ZX"F6PN&`!8X4`0+`!(O``
M:P`$2^X!W84`M"$""6#A6J'<82ZAU$<*3;+<)5X"+&U<0_``/^`!A8W8%I``
M>GL1%Y``S<=*!:'`YNM!O]M?THG,V&GHQ8OHBT.:3VG7.9O<'#`"?<``(M``
M>*#*%(`$$K8&?7`#'^,'!96"6F&:R_U+R-X/&TX)E`(!#T`%&F``J&X=)NX!
M#(#3BRT#SIY2$'`#&\!@<YBSNK[OPRY/A#Y30D[L3$G;?Q!;]2IZ-<40.]`%
M6*(A^I$H*7#_"%"!R"]C<=].K;3;FA$Q!R(`!V80SZ0L4A[0`#E]V`U0SFA5
M$$4VE#'$[_Q.<__..L(^Y`*O%:29254\"U[N(9W0"5W0BWXE-:ZEYUL;"LNM
MH^`NZ*0P[N5C7'4A`1XPV"#0`&-0`1:``\[N!B+S6G;>\BZOZS`/[,`V\S4_
MVPK*(SN*W*3PQO3*`ER@-R30`AC#,8L@*2]&9IEJ3KN<]!K^W#.%W1"`[E3`
MYA90`6.@!@J@]7%!9I)\Q5^OP&%/T>_HQ3X>DL^BM=IN13(\O.01"JWU\)*"
M!$9@!!&`,620K>`07^54V\;#9V:CZ27`]YD\O))23',\`0K@ZAO0_P$#L-@X
M4-V(S,9E3.PQ+T#*7/GR>/E/D5)XOL`/$79O;(+CN@4UN0UI,*(T$`3(\?`A
MH\*8/TBP+_NBWCW#VUI=#V<&,/)EM=@#X.P+DL)EGSX-K&[QO]5=A_G_"O:/
M2V4+``@%6R4%87);)#-I36DN.C9!)S5(2')_EW&7?W%T?WZ?H'((?R4I<:>9
MFJJKK*VNKYZ@?G\%)G`)!;*Z=*AQ<R40&C\#%A4##"("-7.]J+#/T-'2T]35
MUM?8U`(?%-G>F*=S7W!?$Z??Z.GJZ^SMX!,.)APUFYFR`@BSNONSYW+_-3!H
MB1$#3($Y6U"T:-'$D0X:.F((F+.@XH(:!?\.GI+#3Q0I4\[<1=-%RQ8N?I_^
M,/LEPL"&!C(2X-`PH4:S7@M2B=S)LZ=/:=NZ_72%2AP<">9T#EW*M.FZ4_#D
MT3LGBX``E+KJU/-#J8:!("Z"G%FA($Z!*RY:Z`B!Q0:-$"0PL)AK!4,$&">B
M%/A3I^.H4KV<:B)9ZU8NE']JE)@@#(>%(18TE$!%AY>S4[P$:][,N550SJ@6
MC"MWKK/ITX*AQIM7+]8L`6XN6?KGR?4D.7$6_)&#1,"*("%<,.(B@`6*M6]#
MT+"AP\4*$D&B`P\1!`4,%@46[/,(..0E9MYW$C99(/"I&A,,,`"QH8,%/AT,
ME)CSK#3J^_A%?M[_''H<4OOY!2B@-ZI)U1HH?TQ`P1H:=$,/1_UX@D0]_\@!
M`0`+-='$0@2%$,"'R>G00AIIK-#"=#2D&`);)VRQW5\@`=B:C.V,=\M\%?DR
MAP`*:,"`!<54P``$Y5V"U8!()GG-?IKU1TY22D8I92L%LD952D?<\`$?0,A1
M`@+_I(!``7+4@$`*<UCB"P,`;)A6(SI\*.>*0;0````..-"$<C:X)6<`5;#P
MXD>!:<))H>+)4M*-J!0P@0(,_-"`!0E8L`$$:/IB#V)3=NHIDZF=(MI14'IJ
M*I)53K7I+`040$`"!(@`!!`W$#`K!V[TT0$#V5$D`!D`I+'0B"VX<$8(_S8$
M\-890321IP-IB+4<#2!^>("@NG`7HU(W]61C`I,5<(0"2;1'C`4@*##?'.#I
M=N2I\`X(JE-.DJ94O/B"%D=45J[ZAP)B`/$!$@]00(`$&O3QZ@U?W`"K'$8H
M,,2=)))XIP/!IG'L&3.,B&<+)*1([8=5`(H%%MC*HBVBFZ10'HWL?%M"#2(D
M085[0PR@`0+T%549'5C-DN_0ILW;5%'^E>I''5H1[;1/J;:F"@$<`)%""5^(
M0$##?8B10!FPBB`(#"Y4?">>9U,\;(9IS*#<GW`'<(`5=/S#"QU(@'EF1PQT
MX($!$VVR=#WA98.@66:8D$`P230P0`(ZSR?U.?\P/VVY9D8SA32IIY!T^>=/
M[;N:JJO<(($$?/3A<`(?*.`!`GT@`.05&*!P!D,>IX%VL!DO,FS;*Z88]Y\8
M9%='3G08@8`=>V^70#PS8<H1X85G4\!DB!_%``,;##``#D>`!_KX^66^U.;_
MQ>$Y^>Q;$_65?LA!``(EN.$&$O5/4H,<:!9@A1<J",(,9G"&LEFL=Q5KB'`:
M$KSAP0T&6]#-)O`VBN:1Y`87R-,7.'`#$90`>=6[1@I`P``-W$`!"H"#&230
MO0YX;P`3R<2]VD?#I9AO*.A+ROIJR,-7O&]5<A!!"OR0"4M0)`X5JL$68A""
M,ZRE"B0PH,5(A#L"%I#_@2)[BP/E5H43'*0>"ZC@$#LR@3Z8P`%F0)<&1("`
MG%2N&@@P`0O7PP`57J`"#QC"`_9H#OKT\(\_N>%/<M@Y10'RD(82G8'@1S-Z
M>$(.%)&@',)0@!.<R$UI&1&)&"&L8@'G#*",TY]F\)`_'>"4J%1!%,`1QC]8
M,"N6F``0SGB![24!4V^D!@+,@$:_>4"%$BB&!5XH`!G.$)'(S(8@H1:.I.4R
MF>@(FC0YQ8ZH8<(R*8"`32A'AS!.`$T+T,,*%*&AM6FR8L5R@5OZ%(*264M.
M)U,!0>8Y3QC41'U(<(,H4J"*E*A$,>F1%`Y>TH$-4,$`WV27IIJA"C>&Q(@0
M_[B`":A@,S@`X`$UJ8%&+8$@:'I4F=S0ER]&4ZJ/UFB:*.UH-17)&G#X(@43
MT$TX<@*[!,QC`27(`!77)BQTN@DY?1+>`;!0!13(,P)7N((/=K"#!D0`!Q&(
MP`[TH``!+,`(8E">*9CQ'01`X`T:V``>.B"#"NCQ`7"`PP-P\+?YV$1\K*`#
M,PH`@6\*;0X%,``50-"!"J@P`0BH`35-2MAH++,GF[-786.6TI2ZPYHJ$54-
M`H>9!80)`>!:`!(F$($5;,B<FW2!"P:XEA7)29Y>P(L/J$`%'+C0`CR(+0\R
MP(451H]^="!$8MP@`!%XH`&OE<$`&L```VC```;H`_\<\A09(2Z#H:J@SQ$L
MP`$%U+4&84B/CR;5@;1*H`$WF)YKA+;8\KKBL#PAY#'-:XW&.K8=D"W*9,&#
MF3^$(04CV(`1D&"$!;`@!BWHV+!$NY#1DG9%RL&"%Y`*AAW@H0]`>`&09)N!
M"F<`!2NXTP,V@$($3*"N/0(!!]PS@`XTH`$>@(``"J#1.:1``14PPP,TD`00
MK%$9(22`">3A`0V@4#U4&,#IT+I"2SERO.Q-LBK0NY/$EE3)UW`O2A_+TB/K
M*`XI"!]<D;"`&P!A>7^HR`E(0!WAB'99.AC@`!',EAA@(`]]")(,8,N#&*A`
M!5A`Y1,^A`(\S9@*&+@9#E[_.-P;@T`")/2``D0@@@D((`4+(``#/("#'0_@
M!H%C!6\F<$8'/`"Y>BW&`VRQW!56@#7[@+*2F2P2]:H:&X1)@3XM,:':J$(K
MGW#D>@FDR`ULDW"_,,>M_R`"Q>%``%O8P@FP,(,`].D1U$H1%H)``N@$KPIN
MOH$%M%!A.V-!!0<(P!/&+6XN'O4'&P#">TK<@`UX,"/`4,"DV/.X!%2@H(H6
M@09`,(`,.J"6@$O!6YDAASID`0@.4*L'^E:I@G9``F<TPP4&(+F;7(2^KS8I
MJZD\TB<],^.MT,4$'O"%"YC#$KM!N6M(T0<^A+?558XL>%P\"DR`9[(LP``,
M4!#%_R8\1&15J$)RJIV!+L2`S"N*@0*H<&&C8L&4`3@9"E`0@ZCN(`)=D($,
M+G"!M%[@`<5%K@(,8+,25X!2$N"Z&23>`1HW0#(@6"X<CH%0=G'U#V[@`Q\F
MC0.S;B"A>)U`6K^@`(6NQ$P0L*X10@CR/VX<OLWDW*X;'W($,6T-?*@!!49`
M@0)0X`,>^-((UJ#/.+CA54>`.;\$3K_TW,!'(*@)*VO`@@"N:`8^[Q.@@JZ"
MU,(`J1BHR\ZATX(,*"`"*'!GN+_=>QC\/JK>ZT*=8Y"!"&S]`D/H0!(8`-Q[
M)P$''-``!,8D+@C<P(S_UC[@YG`$Y<8#7>J2(1T@`(2P/O^N`R)0U2D*\X!B
MOO11-39B?;`NDT=Y[?-X*]5QBF6`(]%11\`'!I,`VJ8!$O`!$M@'(V`!9<`1
M$V`!`ZARH<,O$W`#!@`""?``[T%<!B`VDA4%7E`%X:8LR!%U6%!UM'-U@S8$
M,H$!8)`!)*`[";`#,*`")A,#>!%573``,L`#,K`#.%!A*D!U4A5D.-``@U96
M>90$&H!C-Y%-%N!UNZ(`$X``'N!O$L`!!@`!,\,CZP$DL8<;AH)7MG`!'<1H
MQF4N0-(!DW%W#`A("!@Z'9<^?0@-NH`$`A,'YU<'5?,%L,,!7]!RX54'*:`!
M?'`$(*@.!;(!'F`"[_%U$@`'%V#_*8I6`F%F!40X;GMV`$'W%BKP>]N'`^K6
MB68`!T-@`#K79V@T!"=P9UT0`6,U9T!2`61@`D,0548(`U<0`14`!"<()#*`
M`Y,F`0=U!`O5#!2A`%^0)Q+`5NK2@7*7`&_7$@S``1;0`41R"1CQ)4<P`2+@
M71N`;L2E`9-2:-I4&04XB)_SAY@8>>FS0_B(9`H@`09#`1(@`GRP!E\@`'T`
M`A"(!D2`!%D`!13`!P3@1S42%2@&3">X!UV7<!:@!S]@`%:0?*@H)U5P5$XX
M`&.@==O&;5R`)PDW`AJ``1FP`A+P`!S@`:V5`3S`;7<&@R0@1VT'`H[3!7@D
M`T,`!`R@_P!M%`<UD``24%RC(%>O``%H]6^:J$TE(`-Y`@<-0'9]A0,@1G;<
M=V*#U@#`9%9#T'7?I0$><!5\L0ERN2E&\@EP>(__J"3ZF`[JY8_X*'*@]P$(
M0`$@(#9OD&5'(`9*X`%$0`<I4`8?0``UD!/N4`<$$`\=P`-I5`$)`)4RT`47
M$"QD``,8X`-V-E0G4X,P``8^P`$#(%L$$85!%QUI\"P7@`-ZD`<;,&A,R``1
M<&%$]WM@P!XXL(1:$%M**`+615\+,`<I=`%O4'B9010I8"MHI#-B*`)6V&Y6
MZ$(NI(3"5`%FA59R)P$_4`R?F"?QH0&6>`DI(`#7]4B#E9?PLO^7Z-"7AD2?
M^1D'=0`0$<`%&;`%^\-E%E$1+@5?"1(/H>D`0Y!V.\8%/.`#-$EM9/`#5A`#
M/%<08,"#>!!;6L!M=@9N<H,%(4!U77"5_\8!5#!;7.``TOB;1XAU23AGLU5T
M&/!A1E!7-S$''P`'?%!WNY8;.2$"#_!O*-8W0<*97W"3>30$9]<!.``"/?:%
M:"2-R+6.',!+)K`K/A9B.;D72#88])DO]OD-^*E2>>E/0H,*1B`")M("71!!
M"R``4<`"`MJ<]=`)[%`94;$"&<9U:64&NK,#&%`[NF,&/,"#&;`#29`$/K"$
MLS5U4P>#S&>$2.4#!L`!_@8'%9`$7<#_!2:P850050WVFAF@1T/``RB0`590
M`B4@`D@`!1.@4*%1`(=F7`BP:RM!$=ZXI0R`!THX#%%Y`R2X:`1P!/3#8F'4
MHXG#B4F0ACSR!29P#)/6/</$`).A"2@W(3(TIO%2IKP6B#J4GVDJ-/%3![ZP
M`"G0!:*U(:3YFRA`!C'``I096?>9"IRP`!00#QD#`+9P-@Y@DP.@!QG`2Z#(
MJ`R07V,P6R(:=7<F3SC05+!(<M9U!2^9<`R``5?@8"[TB0^@!@S0!2NPJ`JP
M!7IP!5L0!Z^:H\*&$WC5`#8F;$3!"W:'`#\@`S_`5WX#8^#B,@)WB9A0`\V:
M)S.F`<?U6PU0_P$2(!.#1A,+4`"J0P"1*0(@<`0UH``O@Y?>>A_@F@U.TH_D
M^H_DM33'HT0[\!O,$1VCE68N$*#NXD_?,'.G<`39:`(4LW8(9`8```<RT#@=
MZ0`)4$(P`6X'\`0'($\--F@6`*D\(`$NJ@!6<`)=@`-J@`,/L`*0$0%'AR=P
MT'8>,`'981'\^:H+H*-%410_4E7&9!_6*``+9ZT9I%9`L`%NN1X;L)3*0$0R
MM$MJA0?!-&F_6`$R@*)?-P!4((84B0`@\`$60``>,$*381E:N[6=T;78\+7C
MBJ9B*Y=<X0=S8`5D`!S*$AP&-D`M$`'9L7+WR0O5F3".>P%KMP+PF_\V:>"D
M]J8&ZH$#0[!<%Q`?.X!GJN@%)Y"20-"3&8"A\6J35!`IP/6:_O8%!@`#9(`"
MIS.['9`N;F`1EN`J"]!HTHL9IR`"$C"*B<10+A90`R">>,1+'AE6CY%V]3<!
M'X1E(SAXVW.S.?,]'O`&B3=+>6(&">`!!2`"?2``-U`UOI4%'"``TDN]4F*]
MUX"]A:2]?RF7=8`$=5`"79`&.O!T(8![Z51`08`!E-D7Y.4-<E4`E+BD$:=V
M>OLL=\(#WRE<=%=I"<<#'K"+UI&,KQFIDFJI&SMHTE=AR@AQ%I`$`T`&7:`%
M)>:Q'0`E!0=3'4P`X7`3-0`$`_`&Q30Y<1#_!O=%`&,G#,*T*Y0&OP^P<!VP
MEA[Y-XVF;Q[P`+_K&"6'?\I@=S4``1U@"Q6P,VXI`J`G8I@B8K-Z1$ZLER'%
M'Z+B3.H3ME6<"KSQ*RW03E^L0&%1)V3``LS0-)@H`!NPI!*U7"8`OROPQ@#+
M!6:5=D5Z`1X@`AMPE1=0J$DU`$-PP#S73B20`3<X6]S6=#&P!=?88TF+`PDP
MSQ;[7:FG"ED6!Q!`R4X)::41!T=P`0:@`+'!"7,0!KSU57TC`]W9`#_P`R6$
M;L!Z=L+[6P]P`1)`K51`4!W0TI1B`5]@`1!@=U2I#T'T366"!#7`3V4B&U?&
MA\4L(%#L/LDL>75Y_\:J=A-*$2&[,0=OL`(:$QW55B=AX0(0M#^[P3+4,WGX
M6@(:4#6+^P!:.HL7DR>\LP)<D-;9UW4S=L$,4`$2%1EYP`-D0`)YIBQ58"=]
MH`2IG`$G@TI>(#G.2V,:D`=[H`41L`77\T7A@%>6N-`J>P,>0(V5G`+'\+D4
MX2AOX`%CI80)('$GK5:+J\+C:0P>#5PR0%$;/6=->G84@(UE4!D68<8I(32T
M9FNQL-73&]1.,=35X&0?IQE2-F75U$T.%0MVP#2\T4T*\)*-@"P=HSO"0@8Q
MY4=U4``K5A$%IQ7Y6AFOP!M:40)@M7V[V3UH!),4PPAVL@)D@-@=,`9K.?\$
M28O2D&&YQ74%M`75#]`%B]RI.Y`!0;=G>Q8`,)`=0=0XTLI"@+,`<H6OYU`"
M?;!O;U`"!J`&%B`"=F!?B]$C"[R"^>L]QA!^OER8VF9O>>C1/T`%#2R>HS8$
M'N`!,M`!(:D!X<P'$Y$"0%`$1/`/E<#;!WC,3<*/3X8?PSU-Z<6Z_,DTB3$`
MM0D`8O$F:-,",>`&<Y#A%&$%7=`B!IH2W<0)WQW)!D!IQ/")X:R@H1DL+?`<
MA'R%L7729M"@B<-U7X""+A156(<#A=I4#<!MR?<G6%#@3@DI`[!<#B#3,>68
M`@`;.^VJ$?4])_:K%?`&[/@&^7M],S$,)08""#7_,TC47S@E`A:``ROM6N")
M;ZC\CN]-))0TB^#R!TB@!$R`!I-4";OMXY\"Y*&B@$-^'T4N3>Y`Q=&%$2P0
M`;4Y`Z/%".E]`G80!B4@`"6P!3!PDC`0!3/<GUJ]"OUY!)'R&$K[+`JJ1YC;
MBU4HO!26WR7"N:>3[DMZDW),40;@&.68C"A``T\7=3!@$RE`=CC@N/\FI05`
M!S>`8FE(=AZP`17@.&8%`C=#E`VL=5N7<+NLZ?=$.9Z0"5=[%',F7**.4"P6
M!PJ`@I2"`[F*5VL'+IF`!DR@!!-B&;8^/KY-#:XF(+T>-)"7"ATU"W(PIU9P
M!3#@!2BP(6K&2242!4_[_Y]&V$ZG9!WTNAM2`PMNH&^N):4X0.CQX%TX8%Q)
MNT<\,,\D\!S4EA8P:6\H/0`GG79<%\XRL!X-0`42BGQ(YP7T&@<(H!Z-!LZG
M-@$30&D,D`0"U=(50.I6Z#W/Z!XR\!)`0J47T`!,J5!QM0`3@-(R7E60)K<:
M`(H/``+%Q"XI0!Y_X)A+\`([WO0M;SDO/PW`7>M+H2@SS\P^]$RB8@^KD!LE
M@`%!4`5L$0(B<NPCD@$L@&P:RP4M<"QRHHI5@+Y(A-0E'`[!P`%\(`+-.0<0
ML`)Y8@O37T(;0"D5L,AW00+0AGNB=2?+Q0,:X`,>#=^C=A0&<,2WZP$[0!`G
M`/]!!CH!C;-H$F4"LWO#*;Z;WWF43@H(%@,=%Q<-@PT;0Q8B*0)\#@X6!A`%
M"PMQ?YIQG',E`BDIF7%T<W2<?P)`7QP%G)PI9F8))7)R=10]:$A_F9J_P,'"
MP\3%QL?(R<K+S,W.S\T"'Q30U<"O<U]P$A.HUM_%*7]^?KY_<KQRFGZ_Y<%^
MZN;)<7.DQIR8FF%QEPM;&%ZJ5`E`,``6+R16K.@BHL:?,$E:N#ACHZ#%`%ZV
MS)'#;E.G.37FU)LCP``."QI$C=M"9H4#$Y$B&4K20,L#"Q'T6+&BP@8-&TU<
M)+SPH`*>)%1PR.`Q!`>#"A<L;,@#PBB/+EL*9%U@2T3_DATX?N#`T8'#V`XR
M+*BU4$%MA445V@JZ`&<`%08#^(!`\-!.&!$7'&Q00%A!B7'LR"E>_$L=N3]$
M7GB8X[&`"3BTXJASPR1'EE[RP(D>3;JTZ=/)I%%#/:^3MB_=0K-N%D=`'PY\
M)HP[ETG=;HX=-=6@`&'W,E3TD/GR&^7$"2\J!!9\$N``EA-1KE@IH-7*"1@S
M0E@\(/U``!5;Z,3SB"W%)P@><`P08:07N0(Q7*8Q`P>.&1,/##"`!1(D\``?
M'=QP!1DD!$%"#%U$L`,#:LAG`0<,,/#`+!ML8$$2!E!1X``^W*"!!@J(D4(-
M!C"PPP!CC"'#@`)V,,8`,N2H_Y8,%21@P1`)#$(%)"`PH-8-!?B620T:5`"B
M!@:`(,)NBU7YV#G`(/#"#:>\8AEF!:P31@Y,B/''*;.EJ>::;**F6IO#8*,-
M-][`.8\;)DIP1`$BN"&'&Q,<$4<-!!QA7QWK$"#!"+\I\Q$_QKCSQQSXD3#0
M10=DBL6F&$3AZ7-5B(=%`#1<=.EY4="!J"^O<%*``AIXL`$.%6BP`!V_Q%%`
M%UPX8$:`,J#E5@42#/&`!'!<@$,$7408`;,/##'`$!=(`*4&.\!D0@<,&*`!
M64D$F$<2Y-X@`@(:8'#(6P,DD``''C#`XUJ"X-"A!@QH`($`KSK0004=-(2E
M)G\&:?^A`3<4=XZ55B(:G!@O"-&JKI?1HHD==J#10QMRH&GGQR"'#.>;(LL)
M!VQUBDP,$DCT\0$"'%@`Q!%]J(4`!4``P9=Q*7#PP`@<&:<<-K(!4P<F]!00
M':D$/9%IIM)%I\+4H99:$`WF713`$UA8H2IHU[#8`0CR5?!#"?G4X4<-'&B!
M@P,`!-E!!TQE8/<*7.1MQ@4#Q-N`4CSPH%`&9D22P`\^+!C)%]WB)4()='&@
M0!(#Y&M`$C]X8`"Q(##1PQ(@>$#CW!L8,($`1\R!`%^9$("9!1#$80<\?\S^
MYS9Q;:L``1S%P7##'<D!L1!=NEIQ";+;,0<1G1E1M,K01R__O3(DAVPRG<]#
MSPD%7QBQA@5N\/%!`@2@]``(>@F-\P@<^/9'#074(P\G\)=0`@M>,7!8JQZ=
M<RL])2#!UL:3*8M4(6NDHD$(%FBU@EBG@.3!P`+JT`E8(``"(MB`!"HP@`8T
M!!-T6$`*`&6!N;U$`GQC@0\40H8@M.!!$FI`!W"4H[>T1"%IB`0<3!`!#,"`
M##^XW$ED8!@01((+/O!!`BK@`0R,Q4A\8\(>G.``"<!+`0A84292(*C5_:($
M?.#`!&H@AQKXZ4IRX,``%#`!"YBA`QJ8`.WJH`['+$PQ:B,8Q-IP"CJ<XDN9
MF8,?[(`$-I2I'M-+I"(7"8SJ@>QZ_[&I4B(%\`!!?<`"2.##"/A`A#YXX`L?
MN,$1D*".2RBA#U_X@BAJ<X(,6`%Y+./%'"8``Q5@P3H+#$$4>B$2.V@"5Y/J
MAS_$0X-16>0G/M$:#:I`@V:62CH.W!H64&`%KI1B`0(0`;Y`H,8P0J`&F:"4
M`&"5E`%TH0(O20`<'/"`!EQ!"\W"`;D.L90NX&`'&,!`!EPX@Z"X((<`D(%8
M(L``*J3E`0_X@0:.\`69O"%*#&B`7+ZPAQ$`H0=%"(P)/.`!?;E"5P)074@+
M4`($3&`"&%2`B78G`.3QPPA_M$`"#&"`#!*```L-'1<5P`MV\$\,3."8P_X`
MR#!IAAP:$_\"$GYW)48Z]:FS<>3'(,D)24K/#FN0`!#Z@+.838`#;IC&!X#P
M@>Z<@`4%J$$*;K"&0;TA!B&H`A9@L)T%E``"8$"!"S:%!1>X0#PGD%_M?*J)
M.5PB"P*P@GBTAH4%:HUI!E%@+N-Z*H*0X`26D(,1$*#-I'1`+1MX'/Q,J@`/
M-$"&,KBG#SKPDL"\A(D^:(`,AH"''^`H+#_8`%IDT(4,K*`).IB!4+C`@QV(
M14`#B-8#'`"'231`%A5HD6DY^#<^`,$-(F""$&Z0@+(,H`(@J"D&440N`W@`
M!%3@P-QF.*`2CHV-)3#"K6:I.0:L(;1``$&L1G#3#Z3@,9PXA1__(`8%*A&U
M8D:]Q1^R\((B$(&IP8&JA"?\#:G:B:J^8\ST2G`$`DS`#24@0!;=$`<WI*``
M$%"`%6"`!1V@(`)1V`(+(+"%$Z`@!)LBR%R_@P(2+)`$+FA!&EP0A!!X(7Y"
MVPT_Q'`#`_@@!I4-`&6->9%263D$.CB#ED-PAA`T<X$H8,$""B`&"-R``?(1
M4`,4((`+EI9L`JK`!ACP@Q^`Q0*MO4D#U"NCY6(FMS@``1!DAJP+^);()$"!
M%G9PB#&X92SR?$!=DL"`#G0(#S,D4+`8`((<_&$"/2B#!TP`!!FHTP06*!((
MO"N(]B)W;@*2@`1,8`+PFFX!JE/`&CJ`_X,C?&`$GD0)"&X*@L/X]!5V.,(+
MT%`'1&FBJ+]`E!R4P`1F,Y7"V,YV-*:A,@Q;-7K)>9_[1@(_%JS8QP4)0:(S
M@((;X[BQ!+&!#:K0H"!4X0Q-2`,`AAP$&JB`!93Y`Q(R\9@0EN$+!MC)TAY;
MG6,ZLYDZ"((+9J#E,_AU!BUH002V((`;R&I6'&2`"`0PSHA^5A`82I8,8L6#
M`?DJ`7]+"X^,53@X="`)<Q-$6<@2@0R0(0,02H+HXB*#"YA!`CA0@#9_0.<?
M=&#0'$S`$))5`09P`&A'8((21/"%#6B@`7Q(5H?:50$^2&L`7B>,""!P4@B<
M1`(U'P`E)A"E#O_P`8,;N,$'\KZ!$91@`D#P0`&.G8DZ9!T-$88V8OQ0!S0P
M00K`P6.S(ZSMREN^D=PNF6NV$4D-@YL?H)\4/Q8P@0B@(`A\M5IP<QFJ*@1W
MR&>`>)#UW83:US[CHJKF1@;NTU-,VS\7\"$*H*G,AS\\XA>GN)#WO0(ML&!R
M5D^`!-9(6DZ?I(0>@$`)U"KI*OJ``:OUE01XD`$N%(L+QTH_%=#[`QG(&J$2
M6'0$M,`#'*QA6A(@`P\`\)\$X(L!LZ(C2^`!$P`8R&(&X,4!4O`'G)$#-?"`
M$P`""G`(J^8C&R!#,H1%`H!2"N`M.\`M^")I)A!HJU9""E!&I!0*XB;_!W$P
M0DKF#<IV!,[V;`A&<.R`#D!0!%F01^1`1\UV>4`(A!8&)][F>=J#-.=@"P-7
M`P.P`B1@'N:!94V0<3K@93@&9&F0A4T0'B'P3P"P;WY59#YF3!E!&<`!&G%0
M!P0P!#67`3`0`[;43`[W$RK@!5C095V(`AE``K?G`AFP`R-7`]`W:(-@``+P
M=1;`-Z6E``40!KQT5XE`!;/R7;Z"-UR0A5Q`%(,P*Q90%#Z`!UQ@`H50+<=B
M-QA@`.1'!A`2`3X``J>%%A4@`QNP!E^0`YE0`O`R!D,``A#``1_@!RGP`FQ0
M`^S0BPHP`"8P?6KV76T19\9R+,520F<Q!-(2_Q=Z(0"^`&&*@8::X7ABP!B`
M=!B(03!EP`2CY!@WF$=!N([9-H1M4H3;*#W)04?HX&PEH`(N8!%XJ&Y41A!=
MV`)!H0,Z,'M?"``.`%R80AX9`4X`AC1_\@82P$X)9V-8\&6-M4`VH`,;QP+Z
M1`9@D!51<'H+L06WL@`00%,"8A@00!/UPA\/8``*H'V<)4054!3KA6=FP$(]
M)P-X8"QK8``=D`!T`0=-X7X2L`(/0`9<X%MDH!0[<`57L`.8AB.QN`%O,$8"
MT`.01QDA84;PTP=*<`Y%4`3_]0<E0&D-X%JT)@$/4"VC.&M$,8K5(FL&<@%#
MD%H<$#OLH#;:2'B9`/\%9<*7[!".Z^`'2(`H0"4%,)48S::.[/B84.6.;`*/
M3:4]LM-LML`/B14$,[!,]W8&H9)+!)$U%[DI_ZAO7Y@&0=%`F?($3G,=&I$K
MHS`I;B`#:<`%W8(!7:`"**`",0"'`F0#)"!!8R9CEF!7$1`#,;8`F^`!5*``
M(B<`;V!;,N!!$+!<#B!W4&):,P05D9",@E")&=`%8``&>(`#=/$`:U!IKO42
M%L`4>?-S&=!R5$`%8&$C8Q`X9#`$28``#O$'1Z"5=.!+ZX`Q!0`$-S!(1?`"
M"%!&1Q`O5$`L_9$LA?!^`!->9N9Q\0("11(K;W`B^J,9BZ>-:#B@@/F-VQC_
MCE4%#^J0`B/P`D2P5+,S>90'F38Z/9*Y)I19H];3*B%4`E;0!2X$FO<6'J$R
M`\+E5\O7!/M(D/M6>XL535EC'1'P48V1#PM@!60``";P!3)@`&#``V"03[4D
M'BB@$2R(";<B!PN@0I=P"X.B6S`YG33"B(.B``82.E9'B%ZW`0D0$\FR0\75
M!<42."NP3@@H%@:Y3LS53L]R!4D440-2`3P@,SRPI2O@`Y>`*Q/@!%*`!',P
M.^S@2P>:H'Y`)B)``*4U9W@Q-S[":1VE`$>0`IB`2+T`&B(1!W=E`#NP`?$#
M3"/Z.[B**Q0`HX)Y8)A1"\"!#NH@`CT`!3+*>(YY_Z/4*CTY:@VL<@VWBH;9
MP'E5-0[J^`JYPHWBR@SE.C&L4@.)904&H`<8$`$KT`(2%P3VUD_VYF7]I&^1
MD)KYAII9F`82486C61TY-K`&09RUHUG_<PE1D`')6$4RT*@&@`$QH`/7@38L
MTS%^%`K<40!N(`;:1&E%0@7?UP$*L"(U@``*0#8-$%$H9QC@Q"3\9Y"1\`#@
M-P!$X7/Z&@D(:)!?\*<O007Q\@.RI1:!<ZDK\'-<```KD`%1X`IS0``]D`-(
M0*#M4`)`(`(+X`8YT`,;H$8]8BWF-0A8V683H'2G@P`%H!);5%)+UY,&@`EU
M))C"RAYU(`1,\&`I>CRV0/\PI#0'*:"56<"8TUJMAALRU_H,366#ZT`E-S@G
ML3.;=/08MG"#O"$2@@6LP6HE:#@.(70K=&`$2U4"&(`"-N!ES21O&9E++E![
M17:D62ADMC>%J+EOJFDU3O,T#5<0EX(%,?!*(D0`YO*?IK!9!#`",?&='&`2
M!A`2\B,2"U!:-/50&D"T9-&);5D!'0B3A*$!&X"SV]``^B4`OL0/+$`&6^A7
M.?02@0<&^^1734"S#K`"`-(!:C`&'8`X:B0C@2,!7,!,6"!`Y`$`_ZL")[`%
M<="I4K`J(B%P?H``*.$M%M`#+V!VQQ()2,=K#*``/W`7LW(65(`BYQ('""!=
M8I'_%AO0H/^%!"G`$2V<&)['&$)@K'L+)L5`)F)0!Z':MX?;PXB;>:;1$5?"
M>.,0-(HA!Z\1N;W!P[2S#J5$"I_K1W[T;2M*"KCV!YA)<)<@`&``5XZ5;HTE
M<4HJKPO$3!D99!DG$4&6;[;;!"&@NT^#0/T8`"ZP`C]``4<``28@@=K'/W^0
M`FO0GC6K`&]P+AN88C?01F]$4QN0%D0W('Q0%!Z0!*YH6C-"M!$)!TZ@%P9`
M`&B#`P!+9"Z4O'!0`3O0<Q+WA7:)!S[`:'B`:3E"?NS68TPK5UZP`[84!+<I
M5^A!>EHI!W9`#S7`82)P`QM`!9_U!4Z0`XF,4CAP$W=A_UL-P!9R(5-L>1,1
M3#8G-P!2`@040`$<J@&A9`0>(``P'(\C6@=E\`*#6\,)$";$$*!"8`2SX\/V
M##*)^PP$\`$:L`9!T[@`K0Z06P]]<@YB$$KP#`PWF+*,@@ZD1,6(04%R8`K\
M\'=N`#]1``-%YH_OUEBS]Z^J^;JI:P/])!$2YX0_]UO`%<<%Q'`ZU@(.<`$4
M0'<QG6IL!DZO$`8U(`*0P%P8C`--%B5$VP$&@&=P0$1`.0#VHCD:@%Y[AK/;
M0F<,H'U'``2,6FL;+`!4P$+LE@'R*Q,R<,HQD`$1D`<:$%L#H`74;#<]YF,X
MMF]ZE09W"0->7<`8$#\0$&IUX/\&)J5-W,1>0!!H/:!49CDY,C0W,O``/()V
M(GP#Z'43^4L6`@("";-]OJ@!,J,S(Y`"(&`FP=H.B?$'9:"#X(A@X2",1'#/
MJFTG^>P,^TP@?RP.ZF`$MO`G#H'$VP`!LV0"U)!)(W`#M;`B?WR#Q3P!%Q`*
MI+1XPM`E/VA86V`%/?>1%$L"%7FZ.G"Z"Z0#M0?29.QE&2F0)NT@,=!#^10!
M]'I`NDL0SF016$`=6!`$!BD!:Q#(&.P!:"L*.QP'63`"_5$XD6`!'7ARM;(!
MC,H(\6(`'\H`'+4!?)`6@0$'[90OCY/74[`'D2`#YS506F`W6K"TVP"T#I``
M'M#*]?G_60,0.!EPE$,FD,X4`G`-TXTZ`%/P`#%P`AC@!GX@M4J``&^`%!8B
M%_K"88^G"1`04>[G(P(")6,$0.[A%2<\('`4/ZA0`T#``=R4&_XU;#T5PXDA
M!Z/=SH^A>,,P;=6VVF:^)JW=#'Y0`K!!`)&L,U_P``F0`D"0`'W@GY+V!1"`
M`'S`!R*`#@DP`GS1!^Y"`7U0`GK'!Q=P`R;`!PE`!(R+KG;54B0E`*5K;P$<
M!+9$*DCJ`@*9W<@7%!FW5W>8I//Z<Q$`E1B@!U^WAT5F?,97$,9D'56P`C0;
M76[$7-,'DV/D&^I``#`1$R;``5#2(5<9!A,0D0]P(O$B'P7"_U$<T`@(,``Q
MT4Y%`@5L``="@(IU]C=H-@0H]``=X`,T<9Y\8`$C``)XH",Y,RTP$<K>+>OZ
M]K\M(+]PL`1)$`$XT%(4X`2@8R'!D@00``%\(`"ED)@49-73=UH?W-14`)/>
MNP%_K7/(LNPP2U0C,-.4#3-'X`<BP%61UU2,\0%D6=HV3`QV0`1:61^;L*UG
M_O(5!L2D@0Z^^`=`L`9(\``4P`='\``$<`$<\`44@-L2``%]H`%\<`.W@`"$
MSCTN6C-K-0)*``2*<J#=,$&K<@D3D`0;L.$K(&L7D(5GH-[FD6,T$''T>MVJ
MFV4S4(79G:]ID+3CO0-)]"()\`5`X/\B9-"Z2#H#\A;KHVD=ZDT#\&TXWC(M
MZ5DD"C`*F4`'-]"6!=(!'+7@"H[@WML`>"!K.."]7V`(^0(B;,9=.N1_"B`$
M?)`')B>AP\X!TI<`$<"3]L6=`[(4EUHM!447/``#?-B9SE0%^C9\`5SOD5`$
M>D`%#7`Y'>`$+V`!J64ZEA`'!)``V#@'$,,&C+<!,G$!)B!];RGG;-D6L8@#
MCW,##VX!/_`&98E&`U.YW]:#`C<"16`$)O_.Q3`'=_`"[!P/+)@],`\(?X*#
MA(6&AXB)BHN,C8D"'Q2.DX(?"74U0!\I$@1`"!84G1,I-5]P$A`?'Q<@1DA$
M<D`C%VY]?4#_$R,C94!'%W5`4'%Q2'\U+#LH02XMSLXNS"XA(30V-%4S-M4A
M.BXN33,A`>34U-Y-+6DK/#M)#!LX`Q86/`D.#A<X/CPD+=\ZS)FC,:Y*E7$!
M:-"8<:*!&2`&#"2A0F7#@"0&%,BQ(VC.G!()+#3@,,\"'#@=(N*0@8/!@`IF
MX/!YLP%"APH,.)BX4&$`!#I'^L!Q\("!T0Y`>N+H<`&?B0YJY#7X@6?,&!D\
M,F0@P=6?`Q,_FIH`0J7+BC0MJ`5H`:!*@"=5L%3A`N=%GCP-.MAS\D+#A`+$
MXM#Y0X!/B3AVB+PH4@>3`@L2).R\`,>$&3,7$ER04&&#B!(+YBQ8_X!@P^4&
M#$0@\+-14!TD=0;YF4W;CVS;C4<4@4W[3P$3<!(42!1&CA`F;03%44ZIN?/G
MT*-+GTZ=$B1)U0G5Z6.ASP@1MT8@^$#D0PD.(VZDD'-*P@3!(`@@,?*!0Y^@
MMPC<``+DA@@^(@#AA@<3C%;`!%>@0$((6&#1C0TVG('-00+)-8,.09QQQ@Q-
M-.%"0#J$>$80)`9!`AE=1+"##PW(0P]66I$!`#YP#&$`!ET$$>(V`B7D(X4A
MD`B&"#^\0P4.%4@P1`,>1#1!#7\L%P<".\E@P0!8#@6'!0J$948%.$!@0`,;
M_#```1I\P8`&#\!Q@04_+5"``AW\X`$(%O\DD,`27^"PT@.;U2F/2Q7`B`(*
M(2QX3AKY2/"`"?G@0`4/*Z1511H`+(B%"E[`H,44?'1@I0QXX.&$%"EXM``Q
M?_C1AF$+)+;$"TC($<='$TP@@@@*?*"`!AZ(H*L"!DP@P`003%""``6X`4$%
M#UB040I_R+%>"J^4((>U<=1FFR"UR<$&&TC4YAMPPB5B1QAB,)&#$<JQFMV\
M]-9K[[W476>O'RFD4$(*<110@B#&U-`8`B6P=LH#!'ADQ')_I(!`"K4B4(,<
M?R"`1`$UE#!!$C)TX0,&/D00`PD!D7-`0CK0$$`5!U1A#35R+=0$6M!\J,,,
M,[C0LXDQJ.@#`SO_X#!&!4C3,\19T;@P(SX#*&#%R=6`&!`6+V>=*`H91."#
M!T4/($,%0UR`F006>.#?85&FD&0'.&P`P@8/X$.4!@Q$UD$)-4R@@0P&],U'
M`QIH`$)**=`1F@"%>]#`$!Q,P41P/,A`Q5TK27!!!Q9@I6`0W5!S1@`ZD#"%
MFQT,0>,#>NRP50@KP,%%%S!@`$8$)C%QY1AXO"%"#T+4,4>4<RSG*A]9>)1"
M#DQD$5OQ479;`@%QE%#"'`4@(`(#(,S=`),@*`"!"!U(@-(-`J1`@0)^0T'!
M!T]2X(:WM]DF+KGF_A;<<(C8A@0;3""",0*#KP(:\(`(S(Z^["4OULQ&_S;&
MBQ)[4$&`!2AG`1`8``@,``$!"(!OH9D#!C+`A32LHP5G<4;*R$$.A03@`#"$
M814@M*&752$(S_B&#G5(@AC`X`H^\$%57B2#L<6(:0RB!J/P\0`#3"U$4`Q1
M$*J``A5P"@8G``,&,/"#JU3``CC0@`==TI3S:4!\$R#6#S8@JBMQX`8F<0`<
M\#`F!K@!`0:`VZUJL`%],.!ZK*J>`1C@`0^\XW=.F$("!N"#)#3@BS+X@@,2
M(`$98``&(9"00!3"A3T`B@P9(,,2X8`#*\`@!AF8P@98P(*_Y0D.3N@``W#P
M@QUTP`E"P%CT_E"K&_#A"$>8``*8)P9;14D0"_^0V&<4T"1XR&-L%B`;H"S0
M@8L8P%$*R"80WC<![TP`!"G8P&K,!:X'BBL'Y>K-;\R0KL!`#%QA"`,4>@`%
M>$DI@?C,IS[W^8<%TLN=%DQ$8.9PBB]0KPYR*(`5R'`SM+@`!62`@16L@`,<
M=NBBT_`9@[#&0IC%,(8JL`'/SA`"MQQD0SK\1Q""%@$04$5L]*C'$$")`AFR
M\*8'(,$238"#*&#@!%Z(`0HB$`$P[*!%.,`##KH@@R'\P`!+(1"UCED#!'``
M#DW4P$0:(#89#"",$)C8'&I0&'Q(8`/,C`>7XED##4B@`50000V&=PP-M$0>
MCI+;"Y;P`09P=0@#@!O_$*;0`P>8`0]K@($.-$0-F04`!7M@`A<:%``L!`$`
MP6%`$G90@2UAQ`(/H$+D@`""-IG@`0EP`AO0X`8YU.!`"KB!7QL0S4CV(`<1
M,0"O(J*!'\CR)J/ZZ@\TX+M?048R6*7"4^^D`0X`@0`<X(`(/%"`$4Q`#N1L
MU0.1``0II',V`;-,`L1*#(_(R[6_>P$$M,7/]KKWO?F*A+U"0T"!EK<]!YV#
M`<B04F>0H!G_:`&)FI&.:.PL1`B!(3D\^M&8[8RD-.N&#FW@#2U@(`E\*%3G
M>*`%$E;*!0;AJ(]<IA`:G,$KAF5`;@T7-AEH00LR&(-,@2.!,!8+8+=:@,=$
M_P`"*G"U)(03@0"@1+R/'(L#9I#C``K7XS-F<TP#&"X"NH4$-R3`#`\80@6:
MX@!I#7(`/%"*7BQ@@A[TP`1OC0`)%'*-A"@D"%S(@%Q4X,,=_."111R"FU90
MME9L8`I`V(#<KNP`PO8A6"+0@&@Y%TU`7<`$3LA!!Q*`6EGV=@!#L``?+`""
M&W2P`,63TE@1``&W.F#)#."247@L`FXBX4Y'P.X#R^F'.ABAN]_U0WC-\%8-
M?`9ZNY1#J>T#`@VX`;[(3K:R$>'/>>58,(H8*'[C((<%1.!#&>KO/S0$#0&3
M:&<]:YG+5+;@&+X0A@X22(AZ%HT0H*!V!M!`-'F0%?\RD&'`,\`&"\<]8C:/
MJ!EI&,(#)!!8K-"[PZ!$)417P`4Y%D6W'DRC5MF(I;CYFKS$Z)@`Q`2"O/!!
M2Q+@@`<FW0&X_:E($YB#;5)`9@GP0`$;J$P'/%"5"H19"V#.``HN,`4G.(&=
M,H`!"G00@'$HI`HDV,,+M$#4HI6<!Q(`)1D<P'`\,.4!%0"TKY5I@9Y;X`=S
MJV;G!M"?&VC@`Q9P`A/XH+F3)&"-%9BYK_D6:@+.`<?^RN,L`?L9CO'-7QB[
M(Y1Z0^LZ9.$%4JB#N5)@@L:;8`"Z!:0[\6@XSC4`-.]<MN8WK\]F9R<P`CA"
MM.^+BO>X5K';.`/`3?@/%ZC__AL>RI"&0.3"<Q_`009I<-'-H0.1>N.A7=@!
M`Z@`#QF0D`0K^(8X^)V0;1#$S0H)@3:ZX0T<IB'.$%40"4P$@RA8`0Q7V,$$
M/@"I!$CD'7D9P"QQ<`,"((!_@4R!`!+-QB)>"35QQ"HU)ZVTTW9`!(/Q!W,P
M`?&0!`J``WQ`$5:"6A60`0.W`CH2!'O0`R]P`=%B`!&``A#60S_$!"]P5&*3
M%4)E(EA``E27`8XT%'+$!V?T%R6@`4Y0!.E'#X&5$QP0&C5P!$I`@0H@`C>@
M$ZA0<@P``3WH0<>2*\9B/<@B`O$V2Y@F`2I6``_S!W;`$:T2&_1#:_R">+(&
M7NND_R72H@!'`&K$L`!J9"45\`.'D7F<UX9N:"^>]QS$L"T"*"<LH!6K$CVC
ML0"*0U7M@0&C40(Q<`X=`@Z8D@[2L$,?DDDVP$(P]`1/$$,<96XMI&[?`$H[
ML`$R)7`^X#K)MS,N(V(+D6\E1A#=0&(WM3,`YE!!T#57,%VY!0$=0SX<,'R,
M5G)X4P,08W?:8U=%5"@-<`,3X`;F)0!]`"GY4`$$`@$0L`&<(0)10@<E\"M<
MU1(,`".QLP<KL`(S`@`KH`(1L`&1Y8$/L`<\0%0P``,1<`5ZH`$O\`)`@'#_
M-0TR0P,D``![T`5YT`4JZ`!.D#9)D`2:J':CXE6.9@)](/\`OY(3IR*-XU,"
M(#`4C7<!F_$`4^$!##!I6O9%,84T%?`]%Y`$&@!(T4-MAX`QY64;?G!X9:!X
MM!%>J%`W7\%I#'`#"#`'$)`$/P!8&@`!Q\:&A1!(\O*&1%F4S"9?S]$;U*9+
M<\`"&6@BHU$K1J`X?#B'-<`)E<$%$:``+#"(U,`SX-`A#@4.[*9#*4.)D!B)
MMV=[-K0I50!A)N(U1V(!&3`$<8895&`%7>`SC5A9'$4#&9))I4@-_%9B1<<A
MK.<,F_,.7F4G*H8W+8(E'-"3`L`!':`!P!8''9-&3GA_'A!6=.A.-?`8.S$`
M(B`E"'`#"C`P<;``(H!^/[!&F$;_!ML'!U.PC3.2!NVP5!.X&)/S>'AS5-`B
M6DP@6>#@#.G0`MIP!@#P`'F0!#XP`.4H.2U2<@.06B^`)$KS:)3!@FJ0%UDG
M!4:P`0D0/A#0`&93&9>Q$P]PG9(QD:@5$H2C``BS)@2BB[=R=T?@,4,VC'_@
M!H#A$;9A!X='`2[Y0/J3`-V$C&,!`L+R!F,")]2"4+JT"(%!!QC:+?1#>$;9
MH?`5AY1@&R8I/#5P`J!3!2Y@!1-`!W)0*X4P!PC0`"=Q%MM(-00A(LF9!A[B
M,][`(3P3`@T60VJ9;G(1,YP2`4`%.BL5`;Z8%=N(FX:U`1AP,B+6(-%G#KMG
M$([E;H<R_T79T%`!IF3QU@&H<6<#<!4MH1IS50.@A9EWAP"<:9E6@@/!DCXU
M<)47<S&:*0@I(`)K(`)N("6W4E[9@S?#AP=DQP=#0`)%!QQ[L`<.``!I\`!C
MD!6=Q`1%\(X=$'9@UG!#D`3%N0*]ITGX%@2V^05@)!$=(#DE8242(#D<H%28
M)BE,P0<&@`=7T@$]4`1&8`$.(`%-HF@=@%J;H2=H0T@X0(,BYQ\?!*?,6$AB
MM*8+0`$>P#@C0`$CX`%&0`&G&2N#H!@&FC_H`FHBD``J^`#%%I#28CP(%1L6
MZDZ!T1O>\BT>6J_\!**-H*',$0<"L`,.TD(M$`$&L@7(,CXL8/\`7#`CE6%"
MR;<A,[-8'()1&P5%:A&D0KHR-&,0*L!P:O`&8%`I*(`!!N`!`Z!STC<#9[!$
M*_A3*$!9-\5\6.,6Y&!99*`&#)"!)>@"E0*!]U@C\08"SP1&/_`&^`EZ:!,^
MU%@2%K`!!G`$<Q4PEPD>(Z``\9$"ZE$MC6$;P(8]\Z<!+,(Y6`<$"6".09`0
ML4.!3K`"`U<!6A!G7+"K.;`$7945),0%[O``6A`#!V!BJD<"6H%*C1=H5O<2
MK&I_`_"J#H<#1R4/?::,=#H![R@"%7!:*A:A6#=P#R!+#NHW'@`LW$,%'8<#
M9-(`>.!7&C"R(_L8("!,(/`)'8``%&#_`*PRH.!*/PD*2*YY#W(D+65R/>7D
MKHA`0!>*H?.:7?9ZO`F$KXPP&(07!Q/`!21B`ROS4">`2D&PC=<;8)@"!V;@
M4,IY(;V729G4`N%04BM360AA>Q^5EI&($`;!-?B0`#>;`3LP2#)`FU@3`A1&
M(BI[`7BP`R:C(.;0(&YY4S/;`G(T!@;@.LC'!=OHMW62D?;G:+JU7C4P&O)G
M``D@-_%0$N&#<:%Q!'Q``.KC`7V`)BDP`JW"2[&Q1QZC`$D0=O9'23+@`5\P
M!1S``RC@0Z+%`?'``X#%`$.CJXM1#SI7@BMU!3\PN2]P`BI``CL<-#\`!EIT
MPWW05160`(3U_Q*:@Q13,`5V<P%+(F@@8)GR4$T20($9IB=9K"=?\`"H=9TA
M$4T)P`=Z8L=Z`L=Z_"4_L!0)D,7=<P-W0K4BP`%N<`,&`!A6Z`=B\`)M8+OC
M&FK8HP`2$+_9)`##$T&*`#V:^;2WHI(.Q!HKC+RD?$#*NPC,.VL+(``9T&X.
MX@W0,`,JA9SDBUG=&PWAT`0!80T:LB$D=7OH5EDN\U'JFY8!D'H]9`4#V"9#
M0`4P;``_H'-$=\P!00W;-TH2,#(E@Z1@<`(1``->H`+IRT+WB`\\L0/H3#(J
M4C1`H#2`$L8XT7&:!0_I-P^4U!D<!$@YV(,>8P'E00!],'XIP`%RH/]XK2)_
M3.@!'2PVD(1I0\%S/;`!:@#`$7"FE)1I.U`J1C,&3'!;2Z!]B?)#>#`$'^<`
M0]`%*7)A/S#1ML1S?)!E=#P%>Y!A@)4$0*!:.$"12]*9FD.1FD-8%!G406T9
M,5$9C\:>>OP%;[QI,04$,E!)!H`E7R5=B?9-PA@L?_!-(I`"5O@'1\`$4."2
MRE$#,=%.`R4`&T#2$:$V!%"T@CH(`Q4'8:`]NN6:-R`'K08!\?$'-W`$]%K*
M@%TOIZP(J?Q`8Z4%*K5NL$>^R<G8Z8!9V_@-&R(.;F%BHL-@YZM@^Y:^NA<D
M,8`!6Q`&'&%5C6>K"G`%*/-""9%$1[=]9^'_?Y@V!+(]!#RP#]5[$/OFMSRP
M!W"@C$2S%%TU"ZHY<D,@`44=*:$K*E+=`24M1Q+`!QO0N1(17<RD`4=``2EP
M=G)52`2P+&+B5]5D)5=2<7A`)K*=6CWP`1[``?1`2_%0WAL=8PEPPR^@!]JG
M`C"P`YC&.UN6CT&T`:0K-EVPVX#&=GB@59+#$D+<`'S`%R#``#_`(B5!:9&1
M94/P!3VP=M04W:=K."`P#Y8)!-=Y`0,PF2)``$>``"J.,-:3:"KV0250`#@X
M5FOJ$31^3UX-UK,6)61=(X=15;OE`6:J:3.G8J0P&O4EFA/PLQS0`.3C`0BP
M"Q\`'G_@H,`;V%A>_QV#+5`/!#%CQ0/J4(AGL#,>(I9I`&#?`-G)YWH2,B&[
M5PV8?;XPXV9%-VYQ,6<J@`)7,`'%@02UX@<3T%F3E`08,'0+9HHMY)<'L8U:
MP`-D\`!DT-,7\`4-@(%/#.<J8`4*R0%EK+0#0#C*@C%AX"QKP-`/(`,S*`.R
M)"Q'E@#(^!6<4<^@N1X7PS%`SH3@71*!);K?$YD>.0].\`5-S@&B*V@D41*A
M!!F/!@<]L`1!\T.:&!+$M]Y?976=D\5VR04\EP,0\`8((``W,`4OH%Q'PMR1
M9@!OX!(Q53Y`8)G5U`%?X`02()^^YH+7,W_YF0($D#9-6PBS-H!:13VMN?\`
M1N`QPI0JYE4\=W<Q?U`'7TT`WE(]92T"XV,`R3TV7P`I9L`'#XX11U!W@?%:
M")#NWS,/E^G#N]#N)6`!?G"MQI3E,"\=6]X_75[0=5``$F!"'G(.(9)2E:*<
M(X)9)[1M"[9[NZR^-N4605H%^&T%++`%6\`V%`K7)<`#278!##`U)&`0^N8C
M+/0$Y*`#!%R"KKT"<F1^&!`!M`,&5J``:Q`5\S`&,T>?):#B1CA=1A&;OGZ=
M%@"Z/<DW<>`OI";H\/P#"B``LM$Q1#A\7!537B4/'DD%\=9;(U$2A!6/A8(E
MT90GXQX!$L`$>V`&3],#L?0#(I`G2P`"T`G<A=+_`=$MDP!`%W"0^HX9.2\@
M:-^#`]@)!+&))53P163W14DA`PWN!"=1&2&Q`2].`*?I$7/%.$,H:_63,5TB
M5P6P<3#,/<6F&JOB$:DI1E6(!DR`!GY@!WXP!V[@-R?Q`+%I-.*-ZFL"!"JX
M)5K%`/2)GQ_AXF:*-#(`"!P0&R!'$QX:?3=U'WT3<7^1DI.4E9:7F)F:FYR=
MGI^@G`(?%*&1?JA_<7)(2`@F+2Y!+CHA-#0A(3HN+;U-+K(`<!<M:6DM9[@A
M`;FU`0?03]#050<JT]`J52<E=-Y&1G\+XW$UXQ!66Q@/#F9X&!$J6+8T`4\!
M`57V^?KXS,M82+1PX$""_X<D:]9H8-!@@(4*'31,0"#"@`$&5!HT^,&`P8\-
M.`8XM("CPP,X#S2`:-`!A`$%&A8:."+``Q\S!!U<L,``00DW$&!2"6G!@HP!
M.!H0?2!AB`R..#@X3)#@P9<I>Q)4>/"`QY`$%A),,7'A18073"`"X=.CAQ,)
M/'A0,?!F#9"B`\:\*9$"@8$$`,SPN,H38\,I:2LH9NJ$"1R=,J@D22"A*!\J
M$`0@0-.CS(T.)G*:N?"@9(,))6K,*:``1`<1J&++GB/@#1X-!A:NM#`@P1`<
M+D646)!"A(;7J-"\.!(I!8&%'H94QJ&8]P\%"%+(^5/GR(C'.CD8\/#CS80)
M;_\T_&@@PZ@,'!J.%)B#`,&?&D8*((!40#XD4P`&*."`!!:HR2BE#/C?'W-T
M\$LL).2B###%_**##B0(8TP:3<1B@PW+Y)(+-B26&``-5<3`P@)TR"$''4C4
M,<X"<2S`P@DJJ,!"`1BL0-`%;V```PI5U%-/`%CH4T45*L0@#SZXN)!&!CY4
M((,&2?R`QP`\()6$`B*(`!-N(EG@5`-##=#>``R(($`-;C#P0`,;3/7;1R"`
M9``$-<11@@*@$03'`"!X5)(,B`ZPT:&)4O%10XH-L$%,&MPPPA1`B$"`!TQ)
M<,$7/<#A!!R/.9&#!GEXX$$/+_1@P@/M/="!&@-(,,S_``BLMI8!(.#@`P=P
MO"#50U=]8911(%C06$X%*35$!QX<,<=_"'2&Q!\%B,#!%Z0Z`,=H%;BD@`<;
M5$!%"?_%\5\-`BB0FP<,$56!!`]<X.T%%4QJ41(#5`"!'':@P80(02G@T08;
M_.!!`P]UQ(`&"J00Q[33^OF!O2:``&]'Y.(@0P4XW##!?)&HJ\HD<D"RH($L
MM^SRRP8B"*#)D<A11XTBS-)+$!=>>`8P35BH2PC"K-!"T$&$@`626-!@PRU8
M8',-B476<T807FRQ0"1S@+/`%E%8`8\7T\`P9!4N$-2!`F*K8(L_^!Q0!0D9
M1.`##&Z'0,(*7/A@P`Y*B814_P,,Y);$4"%UP,``'2@5D@Q5/0`"Q-F5,($,
M*+57@;W#5-`1#C_LF1VV$'0@P5,-(8HHZ!ZIR?A&&S3TT`#7$4!$#:S(`843
M93!8`P$72"!!#TPX\$4?'0#QPA)Y-+#E%TPPT<,#%MBJDV]<G591[`_3E8<)
M/1@E:1]3Y#`!1CTIL<<+S$(V@`8"T+A='27T(,6UJ/1%P0@)7/`8'":H3`<X
M@`,%E&`^<Y@#NRJB@:(8@`HC&0`'5!43"_CO6Q?@0P,\((,&"$``$U`"$T#P
M@P[PI@)#2"%IA%>2+S6@!`F<V,16(X*B@,`U#NF(!3:`G3ZIBV8P"Z(0ATC$
M3LC,%/]^J(2?2A`#7J0A"+.8P0PH](NDV0(+:8##"D@P#Z7!#6XDND8]IO&,
M:M!@!B2X`@O<,*T:%(`%,%C2DJ:!A5TLHPH^`H`,DF"`"*`@0E^L0A``8`(\
M*.`*6N`!#"(`N`[(@`<54!3A#,,2O`QA3B!1DPPFQ3D+0$P![@+!`!Z`%)$,
M(32/L<!X-E*XS#`P=@Z100<2AX-:XF$CJMJ`"7E#*`-.BPY_L$,2*="#-C!H
M#B4P@0DJ(#U1\8%Q2RA"#HH".>+UX)G^$PU$/I*4CW1`)#+@P!3"QP#L[*X,
M8?@(`P;A!#ZT[P*1P0T$_I`*(C`A!TB(S2E2(``";.`!)OC_WZLLT!(#N$D`
MQ@$!%4Q2`04L5'%N"H,,4S`!$/2/(,ODB`82P@$F%.4!9AB"E2)I!C-\2X,O
MZ0`$SE,"!`@``F)BP`8XX$BF`!`I'H!``23VPY45\:=`#2K+CAB*[4QB'%<X
MP0E(L"&C&:,7L0A!%9:&HBRN``4Y2A(THE8B$IT(17&#1@!L,(,@H"`"6]B"
M%4[@!2C9XP!4'>,3GA"0G%R@`_"(082.%(!!%B0)2?#(#G"`%QPPP`=4>*B9
M'@"6QFF$L(H9P@8\\`81;,!_$E@;K\JE`54A@@'DZ0!(Z$0X1"P$).UYR'L4
MELD!X.$''X%7!Y[9``WHE$8UB@,=_^P@S#^4H0=04$4<C)`L#0CA!4X@BZ=R
MP`0V;.`&"@!"6]IB@C%8X'\.,`&T=*DF:K(CH$X`0FY$<(,I2&$"6$K"!A(0
M7C-)(*"W^B8."D!/.63A!47(`CU3\8<4E.`/$[!(!RX`7U+!00;D@>WB/HH#
M`WSS$<<L6<5J@(`-\*$#L,4!$#J`!POT``BC/+!.)T`OVMV0`QS(DU2^*;B1
MJ#9Q7Q"4!!*@."(`4:@XSK&.C4@*`!DU$BRR4094("4`&!D`&S)&$Y*V-&A8
ME015ZZJ4Y7;&)LR`!EO%!UG/4`4OX$@:\XB:/^9X@&<P@ZG,ZH`!,-"%/Y(`
M!2B(01<VLO]01/&`H!-<STA2*Q+2=I<G`WC,`R:U`9$^P-"$`\VA4>@>/%`G
M+-2CG9X5DR@%YTE1'&&)#.:T'NRD8`X+`'7%=!M,5'R@!V@0;AN[)@4FU*L'
M^&+"$D0PCOZTJGBW&D`2+$"]2*76<PT@U11(90%W76H)*Q%)!4SP!0ZD<`A\
M"(T#J$?0`D!"#D8HP@NRD,3]QJ$O-5``(1RB;*Y8`+8FA)7CT'2<#CS"9`E<
M@.5@D@00T+0HO!:>"9Q@K)#\0`1ON`@#Y%4O"6R%7O3B2@H5DY0-,``U(DA`
M3BHC@!OO^.(8WS%105$'2M2H`#[H11H<<`Q@R.)H,SB#TJ;QY%O_5&/*)IJ'
M%&?`U3+C(P17KL8]1%0-?%0!SDQ:4@L`T(4=L$,G@%TS&,"`AQU$0"1:B'H,
M,B#2#O1!39#D3>-`\LVB-,``!&!C&`@`A!]9X`OF'C"-`ZKP0Y^$VK2+W>..
MDJA)PA:V+-GE>PB'`P^H[&224%>+(E$'-J`:\"I;0!N*((;A#>$">RC"#2`@
M,3H(H0?:'L-M&!)+\=56!+F:PP0N!1X3\($/4WC!&JA3`0L$%`AXN(`9K#=M
M\5F[1498P@ML7#%DPK0U4B$4!ZC`@#QU8`P?DTYI5,4`P#9``2L%8<%4PO61
M0&2R'I#*%YPP^\G"%A'4.8IA5?+UBGB@_Y8I/(IBYB6!!@O@TZ._P`4XD*L?
M9OS^^/_IQC_!7S_4H0X))`!,I60D``Q),U5R]`S6\&3Z`',FH@Q*\S38@`44
M>$9/`R5+@X$JX`-"`F<Q@`%6<$`"\'A#`%LYY`%C$!<9L()P%F<5``=@(1*U
MA&)$P3@;L">IP34,4@`4P`>D,G\$T%(&(#P_0AH$M6D=)'>:]'@7L$$*XQ&P
MA5KM,4L&$&#K,00$(!M:6#/[]0=]P`1BH$0+(`8O``4O,`5\(`%.\`)`X`%[
M<@0B$#U2\`%J\`-%40%\0!D5(!X3T"=SL!T%X!C@X2UPP`1K\`:@]!>D,@1X
MX"G@04I'40#>0/\'1,`&3``%)$,?[U(HY#(I"]5B')8PZ^%HW\1'.,`'//%9
M"\4'N\$;D_(&1Y`:->!?0,`$'-8!)A$\4-$XF3$!09$;O=(XDG)0'S0!H,$'
M;;(?-3`!"A`_/95_T!B-+;-_GN`'=G`*_R<'J``#4:0#07`&,Z`#6D4-"HA%
M6H0"#DA&"N@/`($%-J"`ZCA63N,/<X4D(9`&%1!P$6``;^(&OJ@`65(2%8`3
M$O`#:M`%7:`%<!8$)!`$,:`%>X`4CC)8$?1<(S-J@)<R<E`"=@$""N"+1X``
M"G`#%9`3<"!9!_--[?$>)O08)D`HY`%:=<(XH4,``J`?"Q-)8:"%LL'_A:@@
M!VA!!)600`7P`CF0`^,4%DS@!'B0&S+5*CF@!&H`.7N8`(\Q>QV0!")0`Y%@
M!T#9`TI@E8*B>G2A`53`7@$U!AQ@+P0Q!`\Q7RQ"!Q^0`"_@`0J@'\RX$K%#
M!1S`&PJ%%QP`6NNADL<2+@;@>B8P00Q@0@F0,9U5A:GQAQVG"BGP*1%T2F80
M$:$U.0HU4[TA>R:0`'TG.C6PC"\H`2[Q:3&$6SXEC:[YFIY`C9U@C:K@?S&2
M1%;0D&"E"^\(CU)C5>C856`$)7P%1BM'-4MB"W*3#_E05PXP!`%',#>@!CA@
MBJVW%8/X!2!0;UO!!68``!60!TD0?(AB`7WP_P$&I#+/J$^38`=A4`,-4!I\
MM%(5E0`R\%J9I#K/-@2:Q#EF4`$;Y'"A(P!$:3D>``)'47$\R9[;@0I(P`=,
MH%\>)WJZMP02,`4W8(9+H"I)P#"H%SV^82X@@``WP)8.D`#E]'Y>*5T(8`='
MX(/!<@,:P!(#L'TY<!<:<'33QC@X(`!T$&KL<`%]D`0:D`",8T$F8`8)T``@
M8"L)($HW*$H.T7HM`7WNXF#\J3%&B@@`Z@&HD4`)Y"(E4P,5\`7P`7H_4((>
M,*428`:JM`%:UY<F.@P$104?60`@\"T<T(P\!0D)!)N`&J@'TF-()%Q_T`K:
M*`=;H%<-2(%E=@#20/\U11.<#SA&5"5%?`57![`,TQ"I50`#)X`W)!`#)W`%
M&,`"6P`&GC(&'I`'>4!3H[0#?Z,41_<JGB(K2I$$$*`!DP59E28<?3*+V[$R
M/YD"I5D"_22C"P4<"D6C)J0ZO!0KPE,:"=,`0V!2[>`4D]5*AS!3WY0`(C`'
M^[6@/ND'2$"7^K4*_Q$&`<9<_0,'+8%?C]=^#)`0;5$O6;$!\T$$'B!MH:D(
MFH)<1V`'=4`$E^($.V1"2=`'7R`?(*`$%I`3"K<V-UD#`T`09K!!H>D0[R4H
M%>`!E'%#2;"FD9)3OW@1`P!!#L>K/9HM*D$%+E&,)<`*JE``'R0`J?$GO*K_
M*!V00D<G`9-B0*6)`!3@>ACE/SNA9@9`%FZH`-,R#A4CJ%([M7\@FYY@,C\F
M#CN0!E-#1E*F`D\&J?ZPG&%E<TZC<B?"-!$(J7-59H,T!$D`!C"``5OP4NZ"
M$=QUG2012>N1%+WQ`"AT'0]$+XJC2\GG*3+0?"\!2BIA`#XA?1`0%"IQ0RPA
M+P]1%2%Z:"*E&%HA2SA`?('E2%8RFC(0/)YR29%RAQ60`!K`4YM0!]=8`!^6
M`I0P!Q"0&QS0`SE@`$!0*;IGM!?@`6N@!L2C!!OP%+0F!^*:`C<@`1,',4!@
M`MB!4!\P!5\04%_0`#<@75!0`N^%8L[;IME5G0>J_R464"@,(SS/5!7@`8,;
M0`7U<@&$,A=BTED-`*O'42\<(0+H16=*T3AV23`PI`!OF73-%Y\GJ9<3P`'2
MUE`:`'KB.EP0,`),D1.&B0`@I68$*D/30K4>#)M6*R`+``%<X`)=FP]2`ZD+
M>(YL.[9IBPTG$@+?"!!>``,Q,`]B"V8DX"T#8`"!Y0%#T76M9P'/Y'IP8`$,
M0QZE2Q:R-PR;]`,RX"GMUQ``Y0"!41I8`EKDL:V/4A+=-5+5,:4C@8L#\"SS
M8I_7UUI$VCBVA0!<Z8_B9KI4@10I9I?HTL&88(VP^P?5T@?S$P?^R"FH>T]B
M<$`UL'@$L,"S,@9T:3^)[/\&8<`=ZN*>"-`'TK83UTL%-Y!]/L@$?=`'[T4:
MV@D%$0L'$J`F(8$OP/$#)!23'``1)Y%=YE(NX+$3\/LM/,&D0#P`J#A^/^`0
MM=19_2)2^_D0:P,F<@(R&%$KA!)H,+A)VC$!EP4'D])\'\D7LW@>-\`'\T<X
MHN>D7MHGAOK!Y`R-(1P@"U`#&!`$+U=F#5@B56!5.A>IT#!&C_H/)$`"*B=(
M9!`!&""W9F8-3<(%<G%81%%8N@2X&T9@$L`2'G&M3(P3WL(5:L(Y(G5"(G44
M&9$4(=$OZ[=^S\85IZP1,M4`@46D5"`#R]00.%"MCE0];NHN&RQ#*E,`-P!0
MO('_';)H,A.3"7I\C0C@!"-PC35P!+R"`QT[#"^@!-`G`&A0!$<@!WW):\+6
M7&KP!F^R"MLQ!UX)`3XHL1=A;U;)`6*P``+`#C"8!S$1**9,.QOQ`R6A,.1Q
M0Z\A`I9,$%]P@PC<#LUG&@TQ09"B..<G`R(%%C%1QOOI&X]G`H436(G%$&%!
M*@D`I[.WA[2K0#<P!%0L0(4#)F$R+K%SO@ET!"=1D",C0^6<VO=WS@`R(S'0
MSN2(#]>0#X.D15`V5S67#SF2(R%P!MYH`[6P-]G%OU:@`G$6`Q$`!AC@`[LT
MNB!P`P1@;7_P`2=J6#+9`!6@,-3ALYQC`B2X:?]S`0F0_Q%=]Q550<P9_3$]
MO%(E,(0\W%D8=KSR-REI:@$'*B_O@0BNAYI..VKJ0C$I``$$P%,5$VH][=,$
M>XUBX`0?<!\3$+I4`01LV1B*4TY%T`9($!8?``&QYP#C]`4/XTLQ)&HEH`'.
M.]$.LY8;D"MR0&(8V[N'+=&GK$M._#`QL3"JL1H;D%T#8%HIC6&SQ,K8_2KC
M(1F0LA67-`0SBD*^@;D@LQ$=ZDCR]X2`\ACR*P%?`*`\50`0Q!,X\!5<T5@-
M1QI@`0$44P`?`$`@(!RJW>88Q]JF@`0_B@%D)C<H$`1-<`:^K31!8,4KP,YE
M5G,'X`4J<`)RBP(RW`QF%0$$,?\"%1$!C,0#>$`>UJ4HA3,!M)M$*:,!^'+$
MS3TGK4-0(8%"IW-)U>/=M&-"L31+:+)02(N+A,,F!`-3!D`X*`M`-X@#%S`$
MH"53+A8N83<Q-4"2'"`""])3H68$K-E3_TTC"`Z[W<$[;F`<<&J??%("%'`5
M/>```+H!+R`%1N!2EXT`0#!..@$?$E$#R(JL`48X%D0:?=<1*XL`UF;3TB9>
MP/C5[8`42)OD[P,FT;<6'N$1-(I"H)E9'3#9&U!OU*0Y`+41HM41G.CKXRU*
M%C1M5.`!\R$"GM+CPF,!?'%`4O$2%U$G84&X,E40'$``YO!#(SP:.65Q;C[S
M1`3GG,#_['*0SEM`)$PS`QMB5B$`(D1CV_IP#_`H2%SP`VO%C;+@`B@`!BQ`
M4ROQ=''!%1^!Q'W'JP:0Z?['Q[ITHCP:.PK3``3&Q-7!DG+G,1\%M!;1C*JQ
MC&L@>R8%3Z`5$WKV:W,?[X%3%"T!70,>>.KI<3R=+LQ>^,]^C6C`X`;#`"AD
M`&ZP7P!3!HZ176&Q>S\T/T@`!3TP!3\R21G!`4`@2RJ)*(MA>AT1.GRR&A/0
M!]F=2?@F':,1.NOQ6)I)I!I3Z]SD'N7I*:BT$S>X:SS[>2*`!Y/2M!<A.U1M
M`N];A0/P*@-`H-B"LS5@4GQP!`FPIQ-0$0SP,2U=?$;[``;P_UP$KEN@%@<3
M`.(0(/,TO_XO8_.;P.Q<4P`P(")-8&0<XO3ZH#1&MD4]!P@!`4]/!U4K#G`&
M41@Q&3%=.SL-?4`#,@,X($E)%1()<!=\(!X='BE_J7XU(@P&%Q(X&S@=#Q(>
M/V9P9A(/,AT-P3B7`PT##U-PB4/`'@8B`G-S'A(2%T,_&@RT'=TXWQT#'3C&
M,A8R.`P*1P4U"W[P\?+RJ?7V]_CY]GYV=79_%*;T`3$+&((2J%+9.5(DQQ<S
M`T:\."(GCCTY*=@PZ:',P8-P%A)4J&!AR(,A)&5U4&;"PH\D&A2(T(#+F`4+
M%3H8F%#"P!AR'2R8PG&S@0::#&8-(/\VX`(<.!(V>`!!9<!#$R9P&*AP08:Z
M"0@F'&6@P8`"#Y=P>%"@``BO"B!2E`!AR@V]%+H2*'A@@0&#!DDV,(!0HK!<
M`@D23$6P((YC:8[CU&"P=HY%?9@S:][,N;/GSZ!#BPXMX`.%T?<B._XC9\X"
M#"Y<-&F2)LWL,U5RXP80*@:*`#8$$3J@8@4`$U0,))'4@)8%($`XK(6`H-T"
M!1M`F''@X$(%P2)*U!@_(0D(#DXK#+`P8(@$5Q<N//A&7\9(8`PF0.``Q\*7
M1-58L,$/'D`@P`0&D*5!<TO)LD$#'<@P1&(XL<>!!M#4\(<?]<SC83RH9<:/
M/RD`X40?0>W_<L$`#!!00QBI9)&#$@(80%T1;2`1AQUVR.&C'6CT($09?.QB
M(2DQ6>"`&0G\H,!!(%S@0%9^)<%`."2QMX$&$Z0PQP0X2##2$"8X($$#&W3`
M`0-4<#",A05"D`!W9J83$P17.F5!`P]9X($'VD!8`8$D;0!-"H[5``)?#-0@
M&4(;@IB""6:,DAT'#YCQP``V0B""`A-,(,*?5%@@@&H6Q3%'"A`8`*AE(<8J
MZZRTUFHK/J6=)BNJ.\X!@1:VM4#""D$$,<,,N`4P`PF\7;!#!#&H<,`!6*@0
M0PP11$`%A`,`P0=)'*Q!6`$%%(8``@="$.H;F5*Z:0/9L,4`019(_\`,#G@P
M\$,%#R0XC'TW\6N&I@/\\(,(.,`!A1%1PO&3+'_^698!/Q3SPX,1WH33A-%Y
M($(!JLE1Q\B1?NCAK1OV8T<)4TSQ!1\=E,G=!88*X,8<<E#P0A9AN":%%#K^
M\4\=K-6AD1A&(,#`&T>DP*%C"%B@S(H,B("`"!(4,X`$'201(3H&V%R"`!#@
M:5\F/TA]`5GGK6=?!R`84(*J<]1`@03<8?4%7!@J4.8%(*"9%`[V<66*@-&H
M2G<<A3GZAS1SE`Q/'!^$>\-1&N!0)AP54)$3!U1085X'HR#ZA^)S%(!@@@-X
ML!K*L,<N^^RCY3HKJI;5,`0`+02!`@HP0/]+0@LN5!$`#30T^X`&8$00?`22
M?#-`!3+\(@X>.Y#U@P^3T`>.##P,@<E20Z`TTOD)?(O2^B:Y)X$!LV1SY24/
M=`3'-QKPX<`-<M1PQ`,>(9#!B#*$!OSI!S91SP9`50(WN*$$!4@!'2YC#Y+)
MP60?0MF([.`&)TPA`2)P`P*`T)'N="`F1SC"1!RS@#84(0MT4X4<D("`'B@A
M"ZQ113U<8X0)2"T1WZ%"=W`RLV(L;293:0`'PN$>/WG,`*VS"4Z<LC:V'&&"
M<Z!#"CB`E8$Q20(6R%Q'$H`#DLA@`P9`@`;B<P$_$2`%/GI=*F"E"GGXR!Z/
MF0,"-A`?`"9"/DO_*88`4N#`$H2%+0=LP`0<14':.?*1D(R=[3@CA\SHL6QA
MB$,8%J`%XKF`!`Y801(P$($5N"`()$!ELQ+`B210X4TXJ8!11/`&#5SL$F,J
MGTD2DYB1/."7(EF?2!Y`*1,\8`/988`%BF"`&R@``@K`@S80D,DY]*P&!2#`
M!OX#AV).00D&,,`;E)2('QA``P\*'4C8`X(G,7(UKZ-@/".I#PX)[0\OZ$$;
M[AB'">B/3A<PBLZ$8)DY$(`)4/"43"8@`'?4(`<O0(,1XN"&=.D'9)99`&+:
MF`?^J*<"7^C(!4RQ`7/<1"3\VM1Z9O&`BQ%3/C+K3TP6B;HCB.`&',C$_Q!8
M5-*.=&,`&G#4'`0@@3%:@`,PT8``_K"`T]6CD:E)A6HL(X)VXHU.H=@;!P)'
M"M!](P'O*4!CY$C/LIKUK)N9)&;LP"$>=6@>&[#`&MX@`D0MP`HK:$$+$.&1
M45ZA"\&[P@[2$(H$>,4##2B*!]Z@`+HJ`);C&`<>!B0Q#3BS;`01P844P`$%
M"$`;?)"9IAI@@!<4H09$F,`;PGD4+SWF,G&00PENP(=?FF`*5/@!'B(D`1.\
M)U#A6`^+UE$`RT`5K9]I:X_XP`0Q/#4.!;A!_;@#%>:RX08"$$`'BI`'*[$I
M&(!1@!)ZP(8CB$4#27!3!Q2P@`5(0P`)``(.$O_P@#9:X`,B(,`(I-2=3*Q'
M%FAJ`!Z:TXTA`+(#B;$*G;J3!+HR]""&G,!9MO6O^WSA`NA,8PVD,8$/),`I
MB8##,0V`T<B)QB)UHP/6^,`!('P8*]6`1042((XDB(`ZBB,K<G?,XTBJ-1_Q
MD$.YX)@/);WO#02`X`2XL`(RQ(`,#P`"0231!5=HP`2AZ,51/`8!F[[!`Y1A
MP"5(^V`(ID"HQH5:9Q5PGCXHH`-&B$D!1-`'_HHX`2^8R2S0T0$(P$IQIZO;
MV!1`&0E,80G5PP0'&D`6*9ZC`@P0*ZIZ#!I^;`@)3'@!$2H9&6D@X,W\3<0+
MVOD&$P`AN/2S!E!OL)'_)0#JG!S@004,L&%53<`,7_#/!4QP`0Z4H+T&_:&9
MX`9F]4Z/>A^.3U]L1#80_(<[8%3+J[6AE/4()6Z+O$%_R!@3`8AU`2D0RX>G
M9(HCJ.;$JJ%#"E-@!-5IX`,?`,$'L@.-+O%*QY3.M[YI]6,@_^$&\[J!B_P`
M&8MT@#L5`#-9IC*)22R%!P/@`0\D0(4;E"$99R(M6\:SJ&\DG&(>*.[C(G?O
M5-7@S10``4G<``0Y@.`TCG$#`Z1D`CSC)-%C&$#B5"47!!P!FI@;QVU/#:\?
M+/%/2S''2#@P@3B,-3+[YHP\C-"#)62ADI"+S`1+P!\Z)0`^8!P))MC3@&TA
M_]@)9]*&`?(0CK"Y`60%P(D'**`!Z$`@CT[W(743\,KS6>`;`Z*%>D#GL2,H
MN0'UO09,_F)M<:`1`NV@6PU"L@L^'+6=-P8+NAK`!PB)H*#'Y4RJ,MKI'J[W
M3YP%00-]+=771OWUL*^=:393@S)5H"PA+!?91&``3,!K!SX0\TAD31(>9"`#
M3,[`#CB!Y0<0H%4*D!L$K$&27;3TG!#8\`)J<.:2(^`&'1``*6ZP@0\8X0-]
M((!%Y.`&$:AAMR\HR1#&H`9H2"/<O+\8+8Z->&+N`01_$2'J@0OL42AUM3CG
M%GOU!`]UD`5.D`-7=SIQ,$&HL@#?]VQPX!7IH"_Z$O\.)L4>\?4##/`+'6`2
MZB&"9B$`"/!VVV=7H"=H/J0,<)``B_8@>+`>%:!+8&4&\B$4KA!./Y!;;Z)`
M-S`!D0<92&A((!!C\9$8X0`O^S<A"D"!H;<9O-)>C3$'E4`%BW(#(P`$U<$!
M;A`'3U-P"GB&:)@/MO-G3A4Y;LA?G').27!.B(4EU0,`$I`'QL`%9)`!9*`%
M/F``5B`!*R`"/E`63B$!$%`+`[`!!=`4OE`!H@5I9"%.?R(WL+4:_E,"="``
M1H`$$U!);@`6?_!IB#4&?#``+\`$,O@>;U`VKD(XUC9%9N!;#2`?MG0)[+0@
M0N$!1Z`A>)2`43=IK^,'=2#_,D3@!$I@!)R6;@5U'8NV-5-B)0AT"8F&#FL4
M;0*&$[]4/K;P`#DA@L[P#(947&-5``J`(34``4!`7?-14M23"8*S`?6S"Q3'
M"1[@'.R4(4^5#ZD2!U?#`'WP!<24`%^`$A?6`3\`>8XQ0>CVCZJQ`!MP`WV`
M`REW!"/P,4!05ZU7A6GXD:^7*\85;IX2*KLW`275`0,2#!(R`$D@B^C0`$6U
M!WG@`U=`!ES0!2PP'@N@+A.P`T?A%%\``1;@'892E+/6*@8&1@9#(/F(#M%`
M1QVI&D3S.")T!'$E`WR``^N0`T5P`Q4@@Y#F`1LP!O;Q"^&E``V0$_721B-Q
M$T!%_Y;N5$?P\)%0QRM!=@1.<`-(,)6=E@(%T`&QX$HWX8'GH)`:0!T/)"5?
MD`"48@%4,0R!-)F*1A2-B'N?XBI;8AES)@X^^!<8HH+H<@2/E0G2LPGB0`6>
MY261@T'V]%2ND0("0``Q85D:``(@<`1C.#L+(`#/-`'8I0`4<&8W<`,4X9$@
MF9S[)I*.\3]%AP<(]`V403A*5X_P,A@,50($T`<F\`4[0$I6T%"LX5ZIPP%"
M@642H`">PVCS(B!`B`?T<0E&^0/C\$8]@T=I%EL803:WB0-\(`,7$@UTH`2:
M1@0W``I3$DQFJ14R`700PA>V\!T7DQRD=4%O59=V"9&1P?\A?I`"2F`"2N`&
ME22!JH)-OFD`%!9<A6E`H%)<D;$`'I``?E*"LK`Q$\(')O$`"3`AB0$+V1$,
M'+!5KP86!1`U[-&(^B*"JT6'(+!__&("E!@>C1%H='DRP9AUJ=%4CI1N$T@'
M=-",4*><8AI[N=(:=$``2R(49ND>9B`#!C`,*CD58=E&_.-4?U`#:P`'7^`,
M;A`&<D"%7KH!]A-0MQD,*FI`<54AYR"#?Q<,2F5B_9A1)=`J]!E+@R%!Q@4!
M")5%7U(D"Z8I,H`FP54!6B$`;P`ON*`)^3@!]I1!9PA/\N08%Q0'$!`*$[E(
MIQ,&)2!AA3J+X@`"-T`=D)ICBL/_;B5P%D$X`&M"$W]R'DAR`U#4`"!@`7P`
M5KPF`:E(#G'S2]8`"[Y@0#\0.$%!/2K9``G`)`V@``5EAA@456%:EQRZ(;3C
M&$9@&49`!T9PKW30&`O@D&/ZK\MI&H]!5&9"/>:0*2(V`'7E#F$0!@K`!T!`
M`!L21PM@!/Q!<3M1`JDP,G6`!#=@9UQ#$,XAH[I@!K=G3HVE`'U00FVT)06`
M1Q18`PG2`-6CD&"Q8?BJ.`K0`Z[@B70P5!\`8@LV!#X`7M2H6U@R!*_VLA@Z
M#VCXHEDT0>VE295T!%.S`6LP5ZN%0%\C`S_13MY6:T:0&?AZ!-K0`:0*FL\4
MMN1I&2F@_Z,Y\0P&0#K6P(.P8$`@\`.`ATPT*SX^Z%G?E@(68`)#8`#$2@>2
M8Z7/%:861#1]23L9)0WMM:_]2KE3"K"8VV.VLQHED#X3^8HB0`&P8`'JUX\'
M`8Q:!VX:$`H5@%2$`3DU@`!;`3/[AX/W45_<L5ZO2U5SDC?W!3*2MZL0D`05
MPI4"4$U2184?P&#KP$A:9%,<\!!P,`1^L2W65CV-"&;A)`+`^*]Q$&XW<!`C
M8+8:4(H*T!K2]0!H(K(>^`NN\+I2Y51D58%FFP0#D&SQ(0Z`<2<"(![<-P!\
MX`$(`$^Q"P%K0+-2D3:[9$;5,P3&RT@D*@`>4(1A&AK":*>0Q/^E7CI!&^RE
MR)FY($P[N1*O;D``1Z""<E`=?D`!(Q"^\8H9$TBO,=,=7[`EF9>.V^`*'G`^
MZ9I?V:4`3<$!X<1L/F*@17(!0'`#K%D`OHE.1&$!?4`!)5`1]3"B.:1B96("
M0OPD_,K$"`*`]+D4-P$Q##0!:H)&">&]*=`''$``TF59OB8`#%`WYKE$&G-M
M-P`-[0"I5MB0HT(%!>$)%\`+O.8+H9,$SI!?-R:>J7)/[><7YD`4*4$6(O!S
MT8`94UO!(;S)G$QI(UP/(Y";&C`"!"`=?T``$HNAF8$J*2!='?$%5#`O$&(?
MZ@`"K2,W)LI[-)$F12D?1D$=!T$!V/7_=@+`>W2!$\.%`/=`Q3XRHA,X`>T(
M%5O"%@I@)8ZJ3(69F`B0`E,:!R+@6PD``B\+L(S3`1\`'5\`!"SL<W%1`WS0
M1H[73O9VP7W,5$5I"PFP)=H0$O%Q''T$CDLA%66Q4`A0`Z-($VFS'95"!<Y0
MT`7GD:[A7OC6R11=T8^4*U4I!WW@`6+0%GU0&E>3RO!@Q?[8D(I#!U!`3F8B
M%.L!@,K1);N:CL<,-XFE'IO#@V`$`IJ'(%<",.F:.!.+34AP9K*%"D;`S>ZU
M`&MD`B2E%(KU=]3A6K!E&1-`7[<WS@`;9RV,`'T@`MD1!P(`!!IPK)UE>!MF
M7.LJE?5,!QM0_PU8]A:"$2B)QX-8UDVPL*/RF!\)DB#<B%6SEH*/T1D3;=&$
M7=BU\LE$@Y&5?%0B\`%S1@$(<$$6BAE>2J(%903LV!$F@`GTN2!ED11+)`..
M.24#L"V#T0&[QA)@7!#K0688U<A_@$RE#`0*$,IR0``4X'2?H@&`3+.Z6##-
M0111.6D[5!CB\<%HZ`?EXB@1!$%.5QU&,+6GTU2=1MRB%QDU8$@B<`Q8UH1[
MHG_K45^4LFO%Q&N4B%B6IP`E<#=T8@(LX@QSP\?W\-#(;=CV?=^<83L<8C=%
M6)P(@%]_@)$*X#2O"<,DBF(6L0!'``2;`Q4M@4P;X#:->!XR(Z,6D/]]JJ-,
MP."!C5B$(H</?D`Y("`"Z=/5'P"*-_"]8+5.S9`AU,`'M*9CL`JKF0NODO,X
M+$3<)5??SQ6I:M26Q50-.KH4X[`4.<B$&XBVZHL`\.`&&O!L0S0`=]?'@XW?
M5G[E^C#"]N0&<.0&&E(`?<E^!4`TJFS!WTL`,TQ=64.?:N%9!^(!?,`D[%$6
MT%05.*$).]$.\6NE1S!O0-`'%L#"1D``'H`0CHD?(L`3-5`18:!9#.`&%UK@
M%=VN]"0/L36I'@`$<XT5N^:M0_!WZ9`$'Z&WY3,`H<BQ*?P!SR8!0'!W/([E
ML![K63Y[J5!)'"KIM:Y#J)$J*:!?V_$4.$W_#MG1)FXB#H%$JFF2K@;B6FK]
M(2E``1Z@31XP`<`J!V+0`3=0`PCB;21M3]RG(1;AM(5-Z9%$#ZH@&0A``(1F
MGHE'*4]Q`5_G`5!Q$A]1NK")312P*0)<Y;+>[_YN#Y-D[I<!(@2/&B(3!T3C
M(R6P!G^"`YE2#10"ET1N0.&DWH\3*9&>N#ET&<WL(WV9A07GM,982?]0I65.
MT>0.2?2`H1HJ&<5\`RK76P_P)_,^!&J@L2\JT=6M*I?[[S[_\ZF@Y:?SPO(Z
MV>&.ZYU!YAC/5H&&301P3I>SMNAB&&>-P:YY,B"RZ*Q1214Q@1&-\#Y2E7]0
ME1QBZ^)NT2G_2!D4[.(2B`^2(1<I-&<ZR@=KT*<PPD+[FI_6#?1\+^O]!MMX
M1"N-%*N:;-GP="MDE694&E5]3VGRM,JM=SH]!\'.*+^\TOB8C_@[?OEEU6^9
M__F@'_JB;^:;3\\73>NCG_JJO_JC7_I[#TF>S_JR/_NT?^6N;_J.E"OPMON\
MW_N^__O`'_S"/_S$7_S&?_S(G_S*O_S,W_S.__S0'_W2/_W47_W6?_W8G_W:
M#V\<,`*]CLK@'_[B/_[D7_[F?_[HG_[JO_[LW_[N__[P'__R/__T7__V?__X
:G__ZO__\#P@$@H.$A8:'B(F*BXR-B@B!`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>29
<FILENAME>o68633o6863308.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863308.gif
M1TE&.#EAOP"]`.8``'%R:\S'L:BGE=O9Q,2]I8V*>)F7AO[__LG$K;FTG,:\
MF[RYHM'+M:F:>-3+I>;DU,K`F^KEUM+)J5-02-7+JJYD5.#=R-/-JM?3O>3A
MS,'"P+*LE:>CCL[*JZ"=BM7+K=+-KM7-JL_&IL?`JH>*@IB;D=+&HY(D'A\;
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MO\?)KJNTO>SR\MC'L.:_J=K<WM:=BT-"1/#Q[]/+J^GGU]3,K"'Y!```````
M+`````"_`+T```?_@`>"@X2%AH>(B8J+C(V.CY"1DI."97N7F)F:FYR=GI^@
MH:*CI*6FIZ8Y!R@3`*ZOL+&RLD8`0K>XN;J[O`![3A,_NI=(1F5EL%ME6P!&
M6WO/2$C/`,BS>\M[L]O<`%O?X.'B6Q-E$]#CZ>K*2-C'QQ/Q\B@:JP5J:@KZ
M^_P0_BX0`/X+Z*(*!"L\,&#(HI#A@"P0(0Z82+$BQ2M7%AA8L,`#$(P8!F@`
MLN*',!?X7'!806(-AC5;5/Q`0,*%`B@D5`144,5%`@\Q8KP)H&4.`Q9'&2@-
M$(`.4SH(HHY0096`5:L<LRY(P)4K%RY`/!@)\J2LV;-F:ZA=RU8M!R%6_^+*
MM5*@;@%Z]OCIU>?OGXN_+FC\I4'XB(("'+0H5%CQBL6)&"-?O,+#PXT;-*3@
M"$!1(T<N,V($F;$"1H$`&.C$V!)$"XD5$$JLL&(@!H`40@!(@0%"B^\P#-:L
M48J4`=/C4:,>&<%\Q-6K6K=VY9K"B`%\:+.C;:O6RI8"!N;*K8L718&]^P"K
M_]N3,);W6&@T.2*@P./[^"NB*4'@"`T1!@"P@@`Y#*!%"0(@R,!$6CRFF$)S
ME&#`"@&4\,8,*90`1``,83`'##AX4(('*Y2PAA9*+64<4P@$D%QSS3VW`%8<
MJ2%="3/@HR-VVFW'%@<&%"`$>%8T,-==]9BG5_]??JDG6&"$77:#"%(VX4$6
M^659418S+%"E3TT8,`>#,#28Y16+#8`!#',LYB8=.""@10H&".'!`@!QT1**
M*:9XG(LOPLC<<S36F`!9.^K8XW9/M,4!`+2)A^0J5BS))$%08A:EE)>)T,9E
M":10D043D3J`!:B>BNJJJ.:P0@HBR"!#%4UXV@(!`I3:V&.28>"8FFJ"I!`.
M5@"Y@@<T</##"BX`$400`S+`)W$L=$!'!QTT$4`34@DZ**$UXN:!!XF6J\:B
MC@)@@)%&QE5>I9BN1]B\-%0A0JU8B`"?OC<T<0,=1F#`JJJL%ERP%@;<T($(
MGIK0`I4F>*"%P:963)'_:U$T5F!(:Y00Y@I!"(#%"*'-`-<""FQ``@XK!M#G
MG\@A@`4"R\5(*`$X$+"!%$)L8"Z/BY:UU@:W&!">7.\JL)Z3]!(F@M,,1RW"
MPRTD,(,5#%"L-:M:".&"#$V80*4,+6"A,@E`$)Q#JBE@>.H`:YCD!`FBWK="
M`C18\8814M"`A0L&X,"#`544+H`M4I`PHLM:N&P<"RRVZ**WWSZW!@E"7)?H
M$^5RGET-C39:5WCMOKOT8$W_][344K=@@@P*6-'!`BF\L#7%+V2Q<@LMR-"!
M"1W\1$(,'&PP`PP6V(YJ%AI(@4`);[]!@@(0>!#'?1@PBX450<3@016$<1`$
M_PEX_]4$`"1LH?,6;\10PFL\H`ASY-W"^)P".$@1!/H<X&/%#_U3U+EZQ);,
ML<L*[XI7ZEC'P-9UH`IW>AT4E(<J"A8L`Q;`X`!68(#?\4X$(\#1"A0@MAE(
MH6X,>($`;).@MY4```JX@10(])CLR<<*)>!!#)L0IB`(9EX`44$-()"`%<Q@
M"S`0P@]P2`<__2DY]:O<51)@@#=L805/R(T5.C?`S]7@44$H4GA,!Z4%-K!U
M4^N=##@@@(>9H`0"0U4&7J`\.F)PCK:;HP5*,`(3B$T`5H"!\]K0`@$(00`_
M00,2H4"'%Z8`53#(PANXL(`@;&%,III(A?S%`1X$8?\#_[D!D,`'1/#]Y0@`
M<0$!``!`$O"`94N!W!,#A8`827$&`(A!`<CU,P)^\0?@,=*[?N@TJ#'P85-+
M(^]<]Q/>2:`%'`A`\G*0!>3)\8YRE.,+T/"$#LB`#B3(00FX$``_BJ`##Q-"
M%(0@A3C0H`4EF,,+,"`A*>`MB3C(Y$1PL`%:(0!(1Q!!%63@GQL4KG`TZ,N3
M"@*8&&1.""=Z6<R@2#GG$&`-N'(%+W_6Q0T$@0,>J`$`G""$!JQKF/0Z8]20
MN<R6ALD%O6,8`0R`AERR)@,X'0`",$BJ/-(1#0EX"PFR0(<-3*$-)I``PTRP
M`"$D0`4KX($+3""``+S`56#_\53P#+"JBTGA"/T2TA,@<)DJ(*`*6#A"%9:S
MUO@0I@HJ2*A/AH>#.4PK1;*D7[=J"2,56(4+5B/!$_1A+J$!H!A&R,W5/&#2
M=VGJ,OEJ(-5:^C"EBF`&"I#5U&1E(2.,)092D$*)7I@#',3`CB_(``8$``,8
MI#`+(:.#!&0E*VPY+*HNZ$`*U@!)`VQ`!C>0`0%F8($LL,J&[SF"R4I`!RS<
MP+G.O4R]3#D"?SQIK43C01:*HH4%\`DI,(,B7[WE5P(H@`,SF`'F!+`!`]1`
M#0G`AP'4.ZY=<J`!'C":8Y_;*<E25@02D(#86L`%#I!-!H1DJ@<$\(,@<`27
M0G"H_Q#BH-XLX#2U.)WCA2U$`@!T(,`M#8``>)"`%FQ@`<H39`)DA8`"S"$&
M*3"N!5RE@AN8X`8$V((0T%J%RS2!!OWQ#Q`)4T8:'&$!5R0!:=C)`1@`@0$;
M2,!$:2DH<'6$!$%(;(`\@&4!U("]'`CS?1E;'L+Q:TJM:\$SE_G,``=8N`7H
M@PP$[+`.&(``'<"!$#H`A!A$80M2.%`)9"``.V8XPP_(75T$D(+?N=EU!!9"
M$UHP`@]HTP(S6(,*!"``*2R@`"4@E04$8(!Q$4`(01`"%MK@MW]Q@34`Z$_3
MH$3*)HS@"&O8@!68PP$="R$%4C!`Y/0Z7IO):`&"6X%GT_]'`BYLX-EB#C.9
MDY0PAO4WF9.EK(#/&:8F.&#.+?`F>_W(@B.T@`4.D,`19"4!=-9N#D;@`881
MG04!M#FI;@YP4KT9X!6P*@/BG`$0LA"#!1":MS/FP1N@((0%\)"'[YF2"Q90
M`@8`F@"I0VC3CA"0@"P`OB-06<O$&Z@JRT@!6Y'.!H#P[)9_4=H>V.^-R?9?
MRE(MJ2WPP`8DX(`/AUL&!4"``YC`@GSKVV$!CC&JYU`$0V<@T1G:`+Z-KN\Y
M2Z`$&4Z>!7@`!`MHX'O6"B>JUK"1^/B1AY<IP6AN0TT<<,`*."B`D*=+Y(6J
MIR^VB"6@2%Y1Z!``91SIBK-;[F7_,3>@S-:>VIJU'6``YSNH:B9;@#N@`@.P
M(/+I?B:VBMX'";!@`9"*`0Q>%8`B/"##N>,!HU>P@288/=UJEA@=YSU'#733
M!`$H@#6WO@(.2,$#"DC`!E;RAC=(`0`PX`$=!H`#$DC/J3\N##%/]Q>B.7'*
MQ3;VL:73E99#6]KO,L"*L6WS1ZNYW4VP`A8>[68K+,";?7"``SHO9_E/H?X2
M@``!WG"WF6;A]'/$`P*8`D#``S/@`>?G9G4V4SB0`Q>61QBP9P)&`%8P!ZM"
M!RNP!L`F&J0A*M64`Z(W`$"@>P@@!1*"<?1B2O4"&`21`"1P?=B7?1:U?8''
M%=Y7>&%6_QZM@`#HY$<M177Y9F<$T&9MUGD$4``)0`82P`3I1C9]\(1N]@$L
MT`=,$`8\UP<!``0O\``/D`4;\`$\UP(+L`(+4'3Y-@7AY@`PX`&/=&$X!0,"
M\#IM(`(E(`0$LRH8D!,<(00;8B`_$!)9@`-9T!0IP`,%@()#5@5L=`0J`!@&
M\((2%8/><C-:,1TNQP$O5QXDX$&N(WEJEH#LUP$%U@*=YV90^`<L$"0=$']3
M(`%/^(JP2'^NZ'ELE`.)UD$.0(H?1@&E.'FS]6WHI#)SX(8!4&+@ED,6M"HD
M4"LF,`(\D`(%4B`3L09PH1M",`>895!J=018H`"U8#).A2<ST/\GQ#%+%&4_
M5I85@N=]8E8>6Y``WR9@S@1B5&<"GR<[GI>`G><`2?43/-=NL1B0L,AS'3!3
M+Y`$0&!O#D`&:@:%$C`%4Q`&%W`'=_!A,K`!"()'VB5:$"`K0L`#<6!<%K0&
M!>`E)J`"*V,1`H```#)P`["&;X56-)``0I`3&*`%CX(Y!N`;*=("X=4B)3<H
M,_AWE6B#S_9%7U0>`*`&V/)A4V=T3CD%".`!!'`!KMB+3PB1$F``7/"0$@`"
M\R>0L>AF\T<`$C,`SR@`"F"*?;!Y4W`$=_"/'"`:/!"`)I@%/"`%I*$"XI,K
MN\$J`"``GO(6TB2-.2``?=1)#+("_N'_5H5S!`77)D7!`PMP(M/"`GE%;#(X
ME$4I?.S(`676`2SPE$#XA$G%1J(9?_-WE:](!U;0!`S@`*W(FF+YBJOI>2J0
M`C$P`X(X`T]X`5#XA%8C6V_Y`V\``P.0:"6P%2M`34'Q.QNP`C@0%OED`0S@
M:7XTES*V*FO``8"#G&JR`C_FF`:17E#@&PA@5W<E44!YCB8''9WIF1N0E$FR
M2QO0`58)BD;7EF:)GU,H?_3WBAU@/"XPA0$VA;4)BR#P3-4R?TU``%*0`U8`
MAA=P`0Y``?I0`E!0`D8E`RE`-V]H&1*``X^D.!\VH!PJ`RLP,5F0`J[C3;JW
M*FLS`!FR!A01_P`<,"7@XUP((!\NX`$FXU`KRB?3\I/B93]#62B")Y^@F21&
M\`-&,)I`&&!],`44P`!!EV\"20'MADLR4'13$)8)ZI"W.707P`5Q(`0$$`#.
MD84YM`)"P'`&``-Z`@,94`0DP`&NYP#JU3V]TP(*0`(+<%F,!@4<\#HB8`)'
ML)QK,S`540()X&-1@@6D5`4+L`'FQ9N^<5?SLW=1I'U*ZA4N5QY!H`$K$P#_
MJ*59*0%D2)NOR)H4,`6?5P*D.*:QR*6O&G\LX`HI,`=K``1`(#AH8`"=U#T%
M\DH6P(49P``X\`8ED#]S`(+8\DP>8&XE$``\\`/C)P,.@P4KL)VB]O\V&Z0"
MYB0E\>%6_E$0"6!(C@,"D:B9E)..EMARY;$"`+<%'C"MK$F6&L%Y`;FO4T!%
M7!!_MCJF#"``*["%7+BP&=!\,Q`$/T`"&J"L.&5Z#^!)/P``./`"@F-T:K8!
M/#``)``#?B0#L1(Q%F@P`[`V%`=*5`)9F*$I"S4"7%`"OM$;,$ALDYB.W/<$
M])HD*Z,!>U"&'V:*N)I^-V"&M>EY$D`"&X"@P5FP`8F&*Q!510$GW[I'0<$%
M(82!3_=TI[<";R`3%U("'AM@35`:!J`")OLZ+>`"`K`U,ZIG*A!Q4G)0=8=*
M`C"R6N"N.:M7\2JOW?=LY?$#,V"<7"";M@G_G`'&`0G@BV(Y?Y<G!`@@`110
MH0$JM6/YA$?`94+0)1);&3PW!00@&SR0*C`0`&^P!S&P!B62>?FF9AT0`+_7
M;K\C`R+6=;<3(0I`)2];5GYS!$T`&!RG1!H``L#QMWR'CO!)E/-:'AN0`5FP
M`BK``B+PFPY@E7T05&":H/,GFE*@`E<8M9H;BU#;!Q2`F72P!SS``>@6H"ND
M.-.9`@R'DE"@!EQ*=:U(BGZ$3@`@&\G#4ZR2`]WE5+'"*5#C`K2Q!<0J/K7`
M)CSYKB27?3=#E-Q'N$F2`G,T!X)JH*\(`AW@`97KBF(JE@%6``)PON7[K^EF
MFY9[IJ_ABF$Z!5;I_Y55.HL?8`!;P`$74+14USLC0!<T^0;RI'4#_&L+<&0D
M0!<J4"L,0P,&I2=O\$K#H07#H9[D:*3N*45_9\'=5QX:_'0IL`#I1@&XR@)W
MPHL$*Y``NP"[9J'_^@>NFJ#_^(H7P*47@``S\`;IAFXMX``@0+`?UG-]<&Y[
M:J!`Z``)`@/O(P6GPE/*([VTJE2'`P6,G`!-\`1@A2]'0$4+E@(X`"&;FL7F
M^*E):L$7#,9@"P/NVWEAV@<=X:\E#(MJW'GI:P"5N\8!^@<K3,NJ.;N@)KDM
M;,MM^:JN:*%4:HHMP`0!UG,CE@5H$`2.',"IA2K/"#Q6$T^DL@(\4P#^@O_`
M:O5I+D%.$7P4F>FI07G*-=@58+RP`R!^7XJ\)A`#LUS+MPJ+?\`?$J`$=SR0
M8OD'O*RYK@@"*MS+R4R/=\`!F!.M6E#->(1!`<"8(U``U=FH6P<`5+$`BJ,"
M^F"`,Y!#02$MY8P<Z&S*@LL5[;RP%SL#^[8"!'!_O=P',V``KFC&P!G03\C+
M.#W'5!JY\C?+*SR+?>`"0D"&'>``K^("P[,`&#!O\\;()I(\R3AZ;U#4S:<X
MN\405HP#F\HG<Z#%6TR)ZYP`*:W2(B8"7+`";4"^FQN0O-Q[O\F+0JW3`(W3
M;DW'\P><I1C3K]@$'%"(4O`&(R8""4"SC"8`=(#_>CAU.ZL"`P:@`17A)@K1
MU>7<,H!;99RICBB=P2J]L)6!L%/P87MMPJ_(RQ(P`TW0!W]@QG9=UZX-T*JM
MVG6-SZ9]E1<``H',U[$(`B*P`0E"&C#P!$6G9@20UM%*>UE@(LG851;A&)+M
M(0Q0)@R`VTM1RK4D@S2XV:N0`IW-A2^P`G3``070E7/<UK/]FO?'VJ^]WNP-
MV[(-VU1JU[K-EE-X!YB9`EK@`3R7O[/SB#&64V,`!:?+4\JGLA3QW`JA;`(P
MRI:]O.\)G])1'D#0W4-0!#!`&D%0`#0@D#N=TQ+P!R"@$B!`PW?LVCG=WNQ=
MVJT=JS#-UY:;OSPG?R*6_P56`)82$``/RP4J$,)H0$=[6SMR5"$E8(("(#`Y
M((V1[28K``#=`P3%T>`.SL65N``2WMT1$`%%,&I.\`,*X`!*X0`?P`3^W`<?
MH-H4H`1A<G\7,`4@0`$H_N8I7MHG7MKEG:`PS@(?T`82P%K?S3L?X`!2@`&)
M4Y,:5EQ94,W)HWKWPN0M02H8L``#<`4JL`$-@0$KH61*5`)WP`!.@7V!"^':
MC0(3WME)P(4:`"U64+4BP`1DH-?N_0<?4.:KW0=I_0&K[>9PGNLH+MNQ;=!M
MJ:]?BJ49P+ME6$2G-WN)-F_#5[4'B`!^Y!.TD0(L@38#$-AM@B8J(`4%,!I;
M$/\4*S`"/MD"$_S@$$[E23+J*IT$21`!#R`%,B"H7+`1+(#K.FW&O`C07.K&
M"Y#34Z#K_M[>O<[68QKC[28!0+H"$\L#\5X"'="<A^:&3X>!Z^=-_+A,]\)H
MF/H$T//5:M(A=/(_S\(:)A(`XC[N#UZ)5=[9['[E&F``3E``%-`!5B``-T`&
ML&WO],Z+(-`1%-#F_7[B)O[>_P[PLMW32]L'+/!L"-`"-'#:MLB%.``%2<!&
M&OP`AYD``/@0&0"IX:9O[>8Z[99X:9L":-+QPX(8."($"N`-ZJ*9%"S6YKX*
MZ*[20Y`$8)`$P;8`%T`':Y``!9`"N`T"=9WS(%ZZ2@#_EJPM]+`]]/]^XG5^
MPP70#%L>6F![ITE0!`.0V%P850+P`$U7`B7P`@Q`AK;B3+)2LHDJ`D=@[6B"
M)@JA=@5Q!$*@`@F@`*?&AZG[(ILIUBFOTD50]^H>;`EI!06V`4]@!0F`V_@^
M^)>+Q@D0]'.N^$'/^$1?WK;+`@20`$`@!&A0^:?'A::'^=*>6DTG`%S0U#B.
M`VM6=6YV+[C4)1P`&5EP!3CN5"X@^T:C!BJA$1L`"`$(@X0CAH8$B8D+C`LH
M&@<H0`\1#Y0/0Y81$2LI`#$M"RL"?70<'@L@(!1_K12L?4<E4R!_('VXK7]]
MNKV]'WVPK\"^Q<6\R+RZ?;=]_PX7?PLX244/U0\9EI88,Y/9#SPS6=A`"PX2
M+1+GZ"(2(B(N1TUM!C-S,!@#="4$"D=5"C@$V0`!PH(",P@I'#0"!@Q%BP@P
M>A1I$J5-$89@]*,!2(F!,59LN'#APP@/'E1<P/6*%P4U4J8XH%"K5RYCK3X`
MF_+GPY0IP93A'+K+)C,*SCHDX`#CFK:G#P:DR/'T!8X7EA(LZ&"B10<'4UJ(
M;?'N71,3"X+,D+)B!10!-""XF`M!#8E^*_;\*+$!`8X%"!["`$*B!!"(BQ10
ME%3I8L9-E(I8X1'CR0\5`FHIN0!"A0$/`?Y0($8A00D0,X6V4FTLE[(/+%@4
M)8H3E_\REFTDL$"PA4<.IU"?`K=4)(-Q'B2X_)3`7`8ZL65%M+&R%PL')T((
MQ"TX]X@5+A"^"R0A1`@)($+*E/?`H<0*B1ND+)"X&$BEQA@Q%M$0),B*'PH(
M\`%2*ZE"AP$&K/''3WT04(`0*?`PPC*VV20:24*!X),$)&S!`6NT6;A:'RQ,
M`4P"4N3@1W`L:O.-BR\4D84''<C``A,F.`<=62*8T(0'5JCP3Q`$R'7$$2[0
MH((+'!C@@EP%J="/%4((D)T*"OQ@A`'D-6"`$`D04)\F^:U8B1\PD!!#$&\X
MX`$!2"ES`0538,973PN"P`60J_5IU(C+*/$'"US`4`LRL_G_`N(Q%Y`QDP%`
M9-+BI$^]6$0*`E0AP0?K/!==$R+<X*,'*U1!@ZDTT.6"`D)PH0($"L"JP*RS
M+C"K!T;,H$`,)`2TER.02$+F1D\)L,(,0HS"P0(#.D!&2:^\TL0&'@A``!,L
M?,`!%R+^.2(P#B0@0`*OI+8,43<9,QH%!$BAP8J74"HO-EDD)P,NS+$#G0PF
M8''##54X2<.I<=%5T`8``$#`JK0V#`$'1@@Q*[4*+)"`$#'4E]]&U0QQJ99J
M_6#%`G]<\$Q)N_0!3!]-[+EL+"0H"B((LN%"C`$#Q9E,;46E6XQ.%`C`0P1%
M##<OB\8]L`()-'2Z(UDRW!!J$U4D_SEPJE7/I74"'LQ@0,-@"_'#UV"K(0``
M&F\<@1]^9'*I$4&0$`02/R0`C4XEES0%4G](<,L1'%AA92TM*=I*!T(<H2'>
M?XB@RBJO?.N:;8OZTF@5*^2P=M%&-W:T)4,D*$$'7^7K:=3_4GU#$U33@.23
M+KQ:$*S?T=H/K23H"O:L:JB1MMJ-^9&#%%``\,/QW**K#"N=&5"``'2`L/><
MK)1,(A<$L!!MM!>*1@%)/:U<8<HX;>^"$'-HA!]DP7DN[QP%(`!4!Z:+Y6ET
M(EQ]M=9/0NE"`1L`FT&6IKN&J8%WOP.>)0+PAB#\0`A&`$#RAJ*:$.Q"%0OP
MP//6T`$F\/^-3J-1&2M(0KUH/<X5U:L0:X(Q!0_J9$`72$'ZUL>^I]107@5@
M`?VF@([ZC05_^=-?JN)Q!.[$C@M6N%VL%*`>(1205F8;5P++="8>`$`*4<#!
M#SPP00K>Y!4_N4`80+```9!@%`00@<I`0,+1?,`HG&&&]?AV$T2YAF]Y>\4*
M,*"18=T',C>4UPJX0(/2L:`/^1H+CZ(CQ(')A7\!L8(!9`6V#=1@=R6P0@&D
M,,6-^:$(0(A!##ZQQ2[6)G*KH4"V',!*$%A!`1LXA0"XL(`C#*ADWANA*DK8
MLV-0CA<T*\J<^I""%PRA;8X9UN>>8H$RSI*'IKL?$!OI@@488`/_3TC`9\)4
MI-WM3@T(RJ`0$F@F3%BC"#,HW@_F]IT0>:\5CRL)$Y@``CJL0!5*T,T&K.`>
M+FBE!2=LX=YV\<;*I<PVT6(E*_O0`1Y@(B..P0B9XC6OHF%C!3#HU'-^B#\A
MSF4!YB%!<B`P@H+,RJ3]4*("N#`##U3,"@GHI!\@6@0P9`$*_=%2<MP)C0J!
M@`PT>R,C6!&Y/I`$!`A8`Q"0985M)>`('6"`5#^@!&+([#:[.)F!1I"`%#S4
MC^S#ST3%&IRBO:``'4`D<Q0)Q"!>[0@J*$,0G&0PN9QT=_W@0`$2,"L`BBE8
M]KG/1<K)MN$%P0@KB$$"C*J3.WS@`DSX_\.S>F)4"D3V>TP@R;,,T`)HK`0:
M2F`",I@`FPX@8`1E!$`!'E2>U5J!/0*(K6R;I,G5%D"2U0K@)(XYT_Q8HFV2
M@E<$=E"$M;E/.-@8@`%8L%9V2%-J[QB8U18`@`3TKW^SDU4W^^I2WDDA$6E[
M0&_7-E/Q1L`"4=@"#HHG!94XZT*.#4-F-639T:PBLX_MPPQ6@J<!O?"QF67!
M9RF``"$TX,`'1DD#K%!;30K!``10`1T8H`4&'.H5)MN`,=67D3Y:]$PS'<(Q
MDR!8BA)'&SS@`G-,L.+G1G=_-.`""6!W704XB`,+N]T^`TBK)WSWKQ79!-N,
MR[8B9R(%"RC!&O^"D`(#-(H"9(CR!>[`@CM`^14@F"=D`<R$%LS@>]]KU)/E
M^P</,F$*9+#L01#,YC8?^'D^B98(?P*4H*D(N.1E6Q%(?"9*B'@(2?!#H%<D
M*1:]@`,)H%]S9"`"1G=T?U4800%BQ;^"C`!C'O#"K48&MB?P`\B2F&F1U_;;
M(C^@R7`['@\6<(<[>.$,5"#0%,)P!U[(UPLT&*-.R#"?>8:A9//$-07"$(P1
MCO$"`K""FY>]8`$(6!48R`"1_;"#"&2A!WRP@;;3H.UN:SO;-N"VM_D`[C1D
M6]SA#C>W\\"#+%2B:!G`@`0<_6@D30?"C\2N>1)0%Q)PP)N>!B]@C4O_WH(7
MF0=!$(`38E""&'2@"6%8`AQ.`(<SC-&Q<V("K4]`!`?T(<IDN$,8O&`"7S,!
M#TOP@<8]6)([3/D":F#VLIMJ60;(X0`VZ('.^7"`GOO\YT`/NM"'3O2@IP$$
M[X!N(R%``RL)854CB!4!@+"%!Y/`5GCE@+5`;9_>%OGK,XW"&Q)[/"&0C@PG
M\,$=*D"$-NC!!V9@@AE\H`,\I)T*>L"##N#NA;1[P0L^R/L2*@#W-@!>#WAG
M@A>(T(`"^(`(%:A``WS@`\*SN:DJNWFV>VZ#/+S`YSTP@A.<\(,\_)P-/_!Y
M'6+@<S3DX.<V,`(;@IX'(Q3]`&E@P(O=JC\D_VV@!!*4G0N\Q@$L>=,#U15X
M1<`NY"&S+04XU>(/%+L`"E3@!$O001M\@/T3Z`#[2R!"RE->@24L@>-P2'GW
M?7#^\^O`_&E?@AFNWP#XG[_\)\B_#Q",^2L<`-MN@`8:P`9\D`5%T'-N@`1U
M@`9&$`4'P`<]<`!CX`3D=@!0\`,5&`4\(`5UP'E(@`8^!X$'P`9(@',]AVU!
M9P&A4A9+5T0N$`0/I@()P&`D0#;>E`#/HPCU(6K.)VH9`08OD`528!5OP!8(
MT`94('X<5WD5``=$<`*$9P;Y!P?;%WD5YWW<UP9$P'X58`9P<'WL9W[L!X50
M:'_8QWW[=V"O]0%#\/]_?+`"4O`&;Z`!/8`&-G``"9@'=O`#48`&QR,%8T`W
M1E`'44!Z/\`&41`%2.`$'6@'']AS?O@#;T""=A`#:!`'QS,&0)<&*\B"TB5=
M<[$MY4$"`K`!0O!*WJ0&5I`"4J)\H09V;1,!8I`15W%,$9`#01`#0@`";5`!
M>G`!Y6=^3Z@#.@"&V`<'>B",<-`%6+@$4Z``R>@#5)!^4!AYUP=^4/B%YB>,
M4(A@G]$'W-8#;&`$96`$$R`$-I``=YB`2+"(;!`#<<`&3@`%2,`&%UB(;I!3
M42")/&<#CW@`,5`'7^`$@2B)\L@&8V![L/=H'L4_2\%7ML,PM,(E*Z`":Z#_
M@X#%@RL2B]1F`1\Q!V"0!$.@`4(0`&00`ODG<6&HDF6(AMP'?G#P!&?8?>4G
MC4Y(C727?C[PA4TH<=O8`&GGC1[P!V+0>7F`!"B`E$'0`T#`<WDX@6X0`TX0
M!//H!`=@!PV8>I@8!/OH@%?YCU3Y`XRXB$$0B*/W`W;P<VFP2)ZX/]BU1":U
M1+2R-&N@`H9@8ZX(!+#X=>>56$&@ETF0`D?`#&%`!7NG?8M'C'CW>"9P!EX@
M`SI@!D2@F&=`!%XP=]JG!UX@`=J'F1+0!CIP!@U0`<H6>3[@>`4PFLIV8)_Q
M`0-P`-=&CRCP`VZ``QJPCDC@!K%7B`LXCTCP!6_`_X<?*(E\N$YN\)51\`5?
MH(!QX`3+Z095^05QP'H_EP%L20-!9#65IC4*()&S@D0K,`)'8`AK,`(8N7Q[
M&8LOT!\S,``1@`,E(``>)&6B,2!(,4+U96P?T`(?0`:D-0QA`%D>]''!0$_?
MTP<N('/+9@`"D`'<M@-H4`1YP`;[`00[T'.5F)9U``5UP"9O,`:Y&`1H,`8-
M%`-Y``5C`**:")#K%)`>^HX6&`=?T!^SYW.Y-TUO92I$A%U/0BO:Y`%`P`,I
MT!8,VHI<!XODI1%)$`0E\"Y^L(]`\`I,0`:T)G*U``S$5A)OU!,7P`!<T`0D
M@3?:HPI`\T:/]0&1=0<SJ/^@;%8#`9`#<F`!&"`'>;`&.+`&*0`$ID=T=SAT
M?>IS?\IY@BIT@8I[&,"6+Y8JKZ,`[&%$LT,`^\0#`M`U'A!+7&*>>8FD;*.D
M/P``60`&0R`%1B``/8%AEI5FEB5?P_!8)D,!#.`!30!EP7`!)6(+9,!8829K
M&V``"OIO"S`'8C`'"="?33"G.3`'<Y`%.<!MZ)9NW98&T)H'WF9NZ)8'>=`#
MVP:!WM9M>0!NYQ9N&0`"[M!65U,U$+`!*U`&(P`[)M4U:[`&0B`%3;4"X001
M.\A\Q[0#'K-.69`$8@!!,4`&#'`'I`4-!T4^.K$\#,`!CP4HO+"EX\,3TG,*
M"JK_`#B'!5[B`60@`UCP`'?0!6;@!1F`!00`(O3T`5DV!0*@!NK2*#_@`L.T
M"AR0!2+684G``QM0(A2@#FJ5#N/*D%50-3B8'09#`.?1`H*``$7$"`1P")AZ
MKU^GK]3F,0"`!A>!`VS"`29"!HP3(D$SK`;K3K#@)AX@<SB&`03`FAZ@!1UP
M!7=`C$1`!%2``4\@`L=`$YR208G2"G,B65_&$MJ3`-/P230EF!+`#(JV4>1*
M,$-T)-P!*Y`2`'30!'00`#"@`>-Y"/::D;!HBT,`!D*``VN3!$F0!>6@,BNQ
MI>Z41`WK3J+A"KPJ<R-@`T4P``-@`3F0!VDP!!E`!917_WE=@`$U8`(MB[)O
MTDM\.QID``,A\`$2L!(2T`0&``;5`%$/@`,;P$JDX[-D@:@OABJJ\K@00`(!
M(+EK\!D>$`--BP@N<)ZOR)>>*P8\L`)_-I(S``(,X`"9%;8AX@$(4%FNNPRI
M*7-'8`-T6P.QY`%ST`1'<`5,6`%WT`1U6PRL8"(+P`'DTPLMYP"H`0RHJB<,
M$!PO(`!?X1R)!!TXJC\\VC_DBP`\(`2VH@*C<%I.V[10^W6>.P0OH`$B.5Q2
M```,(!,&J[I$T0$"PAD\$<#,,,#,1@`[,`*7!P(F\`0,<`4Z0`17@`'_)@$4
M3`;,E4,@\AID@&:B=0%`80L>L/]GGZ0-,%`"$D`!B<M6##DP1Z(J<Z$"5H"G
M5B"1XB*>4H*I1XJO,R4&HD:ZH#H`\XMF5TK$0Z$"7,`\2>RZ<,S$RQ8`.*?%
M:BC%!!``MSL'L?0$_,DH+/`FP?`S'T<39*Q*)O)8,S"_&%4$F6`!*9`"&^"S
M&^6]U%1I1_`93?8J$UF>F8L(@<R7@2:+)&:+ZBD`*:`A"^5.&[``'B0]C#P4
M`W($E.QF-:`%",``&3`'-5```8`%&>"V`8`!"U`#+H`,9JH3T)!!*F,,NZ9*
M&O<*M>H35@(%2^,4+R`%!2`#)BS'C-20!O-[,&``_`8!!+`45U?#[JN7Z8FD
M&#$$<\#_`2F;9NZD=5I&6JX[(`I``@I*``;<`#7`S3#``E<P`%[0!5T@LFJ0
MSF'[0J5@``'P$S@!L<G@&G\@O4"0K.9%#0;0:">,P@&MPI7F`6M0J0QC1B6`
M$`N@N8DP`C?\T+Q%;3O@!VM@#HOCN@FP`AV`LO2TT13P!!XM<VH@!VF0``?&
M`6NP"5UP8(QW!4>@!D;U"RB[+9`3P,=`1E*03%I``E_!O1PUU"H,`;YL`#"0
M1+&2`%M`'A[0QUS``>3)29S[T)OJ!V)`R,]7`I/%OT1Q`2W5!"!P!V0`UAMP
MS<N6`&E0`V^V`1DP>4QX!2J@!BU0/>`3#11=4'A=#!TP`P"P_XK&E`-KH;5.
M(P)"G:A$_22_-P/&!U(+@-`*4`,S(`KJA2P>$-64/629@%.AC$KH0D_L,1H.
MP%./5=IL>F`UD`8*L&`>4,762`0OL`%J\,8D9`L=8``(@&4UD=NM,`4LH`!1
MA0`&8!4QP$4L8,L[,L=N*1<;,.!,4AX0:6-/<"QG<T7E8=V4C1%9```;,*7Z
M.\W',`47H`(S$-[5$R*/)0"FS6PU$`$C@"!J@`$?ZP7-A,XD=%0@T-C20Q/Y
MK=_W*1,L4`(SD%XV,F_Y0MS%;=Q#I#4<$`,+\`0%L`9+E`BT(@`SL#3)L@(6
MOI="]@)!6@()8)+A[>'%0#T5*>;P#/\"@5/>"/8$UVL`:K`!(Q``*E`#E]0"
M<F(+7'-(1650M'$+_-4'8))!"5#@/N2]Q@U)"`&YMT-)/68`'_$960[1PO,&
M#"<%\8FRE#4:H@$BOQ8T0N!RPA`^9UZV:HY@-6`!,'`%%F`!#%`#_R8#EL4X
M'5``#'!+PV3FM'%FMT`+T!S!(ZY1TB38H`@!1^`U[5N#RR*7-L8[/]`[U3W9
MUTW(QP0$`+`"5_$&K.H3T"):8SXG/\X!K\"UF?7.ED-/L5OJ")8%%G`'5'`'
M&=`/SQL^2($`'L!?^NVZBF8`(W`OA;ZX1'T$N4,E`+`MO>)-&_`#'"`$:`/M
MU]TV?@"'=,#_!1&T`')DXUV[&I'5*'W``3BP"@[``L_@X>:.[@C&`0C0!6>0
M\EA@`74;IOG%`%;`V?>.+NJP`!L030`M['%Q!&G!!7NU`*]2J7C9,"1@/%42
MZ7NI$3D`!?<[`KQ2`@C0#,\RVHJBO&;<`4R>&GUK#$S0`:M)\C60`'%K!3[@
M`1E0`U@`/@?*`E:PXS-/%,[K<9SE-$?>EE<C%U:B`%80EPHP:;83(`:P`GSA
M.PQ_W>0%W*G0!"F0!;L8#.$=WL6P"MEB(GOB<=#P/<?`!-Y!\FG-`P]\!A:`
M]E'VNCW1]GS^]CGA+`Y@!4=P`3[45KPW1!`P`R2@!KKBW`K`H)0$_]T)4/N,
MBO3,9V2XJ!(SZP$!NC>M-LUA8%F.Y2RH``UG/.9,X""<OV`$T`6F.0`$\`0F
MH/:7;P6'A/HA\@P2,`(<$,=UC^0N4%)5(FDF!2LC,`-\10"JN``\@(H<`/RC
MAL-S``@Q*0X)/"5""1=_?Q\?BX]]%!\.%"`.4PL&'0Y,+(^?%TP)0@VEIJ>H
MIE9"&!8#&5@<"A(7B@Z*3`8(G[R]OK^?%`Y]+"`>+!+)+<LBS<[---'1+A`0
M51`N5BK5$`HN"04;0H@J)`D*"AXH&@<H0'[P\?+S\D,/#"5D30990"L,("[T
M:>1HT84I%(2!8$&ACP`#("3UZ17I":E4&/]1D:I1@T,-!2T4,:)0BT*"!!.!
M+?I`\D.M@(TD)2P8[(*$/A(X<$G&D]DS$3=N2)OF@EHV%02ZH>O&P4H0'!N,
MH%-C95V[=_2R9MVQ@@L(`3ARQ)AQL.$?10-9?OK0Y\(1;1%I!K.8L6ZI`A_5
M>+OYJ-&?A'0$\$K8B^6%294.NV3I0.ZB/I!O)N#@H(4$&3)\/@LZE(91:APV
M<$-'>L,/'@MBH$M0E9T[K;#A[=@1(<4;#Q]6:/%W$`2(OQ284/CC.Z7?"ZP9
M_J(@SF[=<!(LI^R;DH(6#KV&\XK),N'PQ6=]08[<P0.99)BC_P3:V3,V:@0,
M5$-'`-V"`FL0C'C_R,6``:NOQ:;5$$E$X`<.)(`0!@\Y!"$$3DPP\4<88?3V
MV&/"D+%"2"+Q,H4`!3B7D16X#528(Q.!`)%*P9A%`4*$`2,03A*PX,$(,DC0
M#&;K"=594=7L9X`"$-1'@`H*O+'&""/HET(!0G`!(%8"TC/$E?:4P,,4*;P`
MQ1L+W$`&&6E]8,F+VOW1QRTI$'!++Q$U)6)&!2R29B\7*`%"`2",IY(P%_BF
MB"?=31?,>"WT\98,E;7`XT\W5$%#%916`20$`@"@0'TN**""$`60T$233(ZP
M!@$$3%EE5A'01EL*4@@0PQP8!,'%"@9X($`3?2BA9A\(A3?<%"O08!8O_R!,
MX<&<&0EQUIV/F#50`2SX*2-),'C@P08<>+#+0(;:&5E#+&B3F:,R]-@$I2X0
MY8(*,Q2PS7PJ&+$%#$SBB]0(J*JZZCRS73E'"AS,((4%6<PP4`L$3.9!:`D0
MT,%9M3#"Q`PB2`+G%"4PBY$0+%P`K;C#&K"`0"P.U($0."3,0Q8K-,%"M=F-
METP?*AA``&8M=+!>$TUL0,`1T73S4)3R03`"!*.LH)]^1Y3:KVM4_CO/$%FD
M`,)D/*`!D79]@-`!`@D\S($`'`"Q\P=,\"!`0K4H\M(%!GB<BA`=D`'CL0<9
M]`$7!2`0$6$D^;8("Q^49T068*"1`AAK<,!#"O\;M%7+%)$D,T6-$G2P@!4*
MF"!"4<T$)0(!'EC!P1&=<I#K`AX`4<`"+A"P@!`\T(&`?B-$S>345UF=U1`[
M`!$&&5]!,0,3X1K$``,X%/#D#`:<'64'<><IT`=UVWV*$$>$,I`2;%%`1B4!
M8?&D`+\53@8E$0[7Q^TP)'%E$F+L$$!8!J@%*`4LV$0M'!#`3$B!>E:00@D6
M0`-X,5`(&_"`$`R@@B.@+@']V900O+4[WOT.5:FBFO#H$0$P\``$,D!`#`#`
MA;;X0A(7X$("E*`)%JQK`:[SCPY3L(`C%,`*WC.%$"1F@F@<80&WF@$)J)<K
M'L#``#.800FHYZTI.*#_`RB4P0I>,(0(>-$/M"'0$'!PC#M\(`R1*$X?-M&&
M-C"C9W3HE!66F``L)```,UC`I[:Q@!E0PPHUZ&,`1-#!4GTPA,$;H3Q*"(2(
M0%$"#@B#<"CR(BXH8`I6:,0%'#`,R+#E`Q)0`!<$L((5>,``5B@`E,;!2E8"
MH)50,L`*.)""%`A@`PL0P04$4(-D,6\*4U"3"WRE`ER=4@H>(`$:PO@`/W3Q
M2@'3Q128P#9@\N1F'>B`!$S0!M$Y(R@F(``)7&`I"'@@`=48D@(28(`G.`T+
MA30DOQ`9H!$:"(Q@*`$=+I#-2+"D>241P!%:4():Q`1E@VG>)W`R$!EL8`,Y
M_QI.H)ZE".\D)`$;B(O(S-0GX)"!;)WS@`:2X`<PS&$&,`#C$,#HAPQD09^-
M$4CG\+4``EP3,S[[21.LH`9J0(`&"1``-736*0\4@`<=W)T\?^>O$>Y`-F!8
M`1W.=X<[9(@B2CC,"F9FA9!I4F0U"Z9%(1.CP\1P`Y*TJ$0[Y!L*'$$`B@$%
M<,[ROIR@X0'VR\$*2I"#+Q8A!P%8`0[>@(@$+*"4)2"!8"G7`@?H2`;>!,H-
MFK`&`-``"Y*J@@H*0``7Z&P^,<A/`.(I->#5<X0KW4$1`*"%B#!OD[Y@VP5L
M%"@/G,P!?R##8;*3K(1$(DT3N0`9[D`&C$J2(!)RA/](+&H,"%"3<)0PD4O"
M((#Z@?$%);A5R_"W!@,(@`&T)$$)8,`#'`"A!*=Y0`:`8+*<FL";0B$```Q@
MQ':9TX\ZJ88X2#""%I#VD$T5WE-W,`3L\@!8U.S3^3HD,C)T``8<((.-4C!-
MO:GI%VFQUH4C(3(N;(!\D!!/2H(ZLL<`DTM`>$`$DO!2%>!P!`9(00D$T`%0
MHFH%,7B`!=X0`Q((00LOR,`#<E`"%<@@`"T(2A-&)X4WX""S1*M&"9Z@ACS&
MJQPJ^"^_YAE@X6'II4+@0$#>%+;?%HX)=\`A)SJ@,PDS@0P28E%L76*2RCD&
MPW]P@0`,XPL0,&`-/.!!`7K_@`,.R*"J3!!N$X#Y@1%(`0UQT,`+XI&$)#Q`
M`S](P0.*$`,.B.`R-VC&`G[`@`20@&@N0/41-F``(/S``Z3A@!#64`(K/*VT
M(^CROUIE(!RPKP1K`,&89)(BLG9X`\B[``%*$`8`PEG.<Q891AD![;]T0`">
MZ!`D0#`"`&1WE&'>`!<"T`%&^6:4/'@`=@E&RP$\X-U%2($02`"$/)K@7!$D
M)08"$#C/>*8H"B"!+#H%NP4L@`1!F(%2I<8O7:\J`BOU`P^X\`=<XD02;`&.
M;V<K@`7TP8P?$(``',"`OU1[.W0.JE_DK`@0<&`72@"H&@0P@K.`0`4>3H&V
M#+`!_P8(0`HIN!*16\"\!0"A".^^M`!DN(`6W+L)*TC!'`8P`)CU4!I%N0:L
MF68`(2AQ!0"(@1#PY3L0YEJ$BO2B&&KS%Q6H[F%KR++M#$Z``%SB1A*.!!T$
M+M&3KR7E;[NS>"0AM(KQ8DWJ^P`P_>D2!RB!`2L809=VH.,%QM08?56OV[2Y
M31/0P0`:&``#8``$*VR@4D3!!@=P)00D6L$`;P``"4@``P]NF9Y5\_(0BN"!
M%/F&`0C@@.MN^="F*#:/>L/<+A4@^&IKD@(+V'/S:Y:)7OF"S11O29].[(#B
M"L')22@"P@EPF$LD``=)1XT,W+@,W6"@!.=<``+:0P/6Z?]9"$M1@-<1,-I;
M,_SLB:1(SK0"X3,2<=,'PI$6C]`!J]9[$D(2!B`##!`C!.%)"M47C@!]'%`F
M?C$1VN$;(,@P,]`"%[90:K`"FX0+"!$V[<,$4O`42:`%">`"PM$(+)`"/)``
M6?``$,8")N`H38`[K0<4)A!J6'`$J%84U*``4L`4,?`&0--_".`[`(9V:2<&
M*Q`C*3$1&4=M:N(2Y8$`4R`R^T`'BT%G,>$=%.,KA\<V?4``'!`H(,@"`7`$
MZ_0$#[4!(H<V*R`$`:`QO'`$)"`#8"4MC,`6+```03`'8J`!"T`<P-$!I50#
M?/4"*9`,GR8"9U,`'O!-0M$$<'C_2C-8%![`!0GT`S_0)%*X5*:5>U83`?'F
M3]46"?$1,B1!`*J4``DQAF,B$G&S$G=V/F3P*:>D0_ZA*[4$!%RP`$V0-Q>0
M,\[8"V$P`S?0"7\03&O1!R)0`%*``5@C&!Y(`2)0/9ZS!I;H6)=Q!!ZP`K$B
M`N\%3YE@!0)@.V&F`B[``4$0`S&P!3@@A0M76K@G@/"`!BC1%B4&)Q]P3A)6
M"2PP`G0@!0,T$>_3&!DG#)2@5N9#$B/@`37""[YB>'_!-IW0+1V%+![@`E/@
M"([A"!+``-V(-12G)A00`C@C`EQE2Y71`73@`5DP`%:P9#*P#YRX!DB(A/J7
M2@#P`TNT_P8!X(^V-T\!*8!#L`(WL!!@)6=A,!D"E'%F8@4C4`M511*68R=L
M8R>/(%Q3H`\>4%%J)5S'HUL5U0D,D$D4X0#]P04(0`8E.!W$T(U^D`/2YUM_
M@6`(T%420(D"$``O(`6VTQ2V)2E#42164`4C$`1;D`(,@&2C!4__!4(.MRHY
M8`"5$",I(P&Z$!&'@28.P"W5`DQ;<TN&=21'4`5'L&3/L&2@:`"W@)$R@7%L
M(3*U8`7-`RP@$'T>H`(%$2Y*,`,8X`=%T%4F9R>;)`'=Q0(JT"4O8`$X-DL;
M<`22-2F020/BA`WBI04,T`)-B0!8H#O_^#L`>%I64P0\H`:.0/\)T-8'-.`!
M'4`2B:9XD_`6MQ4&_8%!'K:'!GJ@(K<"9'%G(OE5Q.&!5E"2&*B7%P`[&U`8
MB]"-$2`&$#88!,1F4I``4O`*[T=S*F";DN4C2$@I>+%.5J`%3=D!3FE[GFF%
MPI,%HOD;P'2(*T<1+%``"D`!=U`+*1$H`K!$"10#0<`"$=(=WL$6XV&0%]`"
MHGDGFM2++!$_PC`%!A``/6HQYS%-T^@"$Q$V&F<``Z!VQP`9?W$'D`$")"``
M)8`!+_!27=%-12@"37`#6,`96$<`U`,!5O`\FCE:1]"9K2@\][0&:U`^-9B&
MP-`'^OD'B48Q(L$"`Q5S#%`B>)(]!G7_%J;)!&-8,01!$6V!$,L(+BM!'&)#
M`%P@:^Q#$@QP"2%``2L0`'X`<3S`?`P@5LCPHP4`!!GP`@;0.R3@=)XH%$(Q
MFS0@9:)A`%I`A^F95#2:J(J$`W2@)[4`EYYZ?1DU$-KV&$J051>PJ1>(@9&P
M"*;9)^&J<=YA4&:"`!N0)[Z!`$95`+G"!:KH`<"!.9;P!RS``[F:!#R@`J?*
M2>6Z`!I0!/)I`"X@.@;@#"U0.D#C(_\F!*`CJ(0ZK4D%D%&IJ$#```^((E9Z
M9T?00M0F%V4:-S;"AL``J8P`$=EC4=D#&9Q$"2#``R2@+6>S`2/P/`P!3-1D
M6VSC`-R6`J94_P(0ET\(^`$BH(>F)'QG,VXZT@(>-K&2A0580`,^H@;)E'!J
M<'`,(*TS:D@U&H#"PP-KT`(1<1:?A%QWMDXSL5&/X4+A(8GM>F'`B1;;8P6;
M!(*>9":$TJ#)T@<\<`P@V*^L&A$.L``E,&.K!S$=L`%K4&`SX#![I3-5E2@'
MT3/100!"0(1%Z",$\!#>M8\))P10L+%E:[;OZ8JK@@,QX%TUI5SLNDG0T@>&
M11CB(U<D\0='$(>^\(O)T`%<2`$&\%O)\%XF`$P-<0%AH)-AL!`SHYMF`8*;
M=+.^@1#^46-H=@=CNP)@)@`M@#PJP`$6&1VBF@S=-`)&$&HB@)XX-_\#0B!4
M-+``6S`#'C`#/!``-=*4K6NVGRD@,+``=Q``044"!L`%!$`';>4+'*`""+&]
M,V$0C*`(I5N"AR<!M<F`"B`"`]&E`0"*"B`S<-@M<[1$,^`Z/\0%#A@A,+Q0
M-AM,./0B:0D"'\`#;W`$_'D^#J"?V<0YD`19\1L$"3#"F6"9+\@!!(``7,!$
M\"(X9$NM-,HD`TQ"&RH&:W`R9.(29*.'1N4!:_`\.,P25D`'$_P'M\"N!GD+
MNBL`,><+'&P!$9`!0V`!WM`',W!+`@`$68`!##``<X!+32`!:%)3%U`%/```
M*F"TO[5;([%Q%[`&0!`H,3$%#%``?K$8?<#_`0M``9!4O/=6;FU``C]D5#,@
MCZ!B!58```>W1%#"`W.0F1R+J!\K(%UD($70<[KE%S'2`3/@:P\C<BD`!`#P
MA[]KGTS0&-?XNR0F'EAP!0-`!=1\!1B@!B+`KRW0!!9P!UY@!EY@S4]`@A;L
M$LB#0RFI!'!#'>*R`%*``&^6FA3``"L2+7W@8<2`CM$A`QWP@R3`P#1PI$'#
M`2/00)QE`#$P8QZ``ZQ+Q?)$`*^[*A%'&R_`/K5`3>$QF(-*&#<G`/LK?'NX
M`0J``)/0"-3D*Z.D6[W`P1G0!6>@`SIP!AGP!"ZPEBW``A;PTC`MTS6`!45Z
MB`+!`B8C7`E1+88R_QP*@!^6,`R/80P!P*9?J`(<B0R0-`7]O,TNG"Z@:'"!
M@UDJ\$IO$`3)!``X,#,`[-``><7Q0"!^L'9&UQ8425=N:`7KO(LI"<H=@"1/
M(``S``"O5P*EM'2Z\@LRX`(10`0^D-@^,-,*D(4B<`=7H-@^0`0/4`-D6LXT
ML0`I@#POTAT=0@PC4`"<M!`N81`+L`$9J`@?H$71T1!KTL\F4##,FRY8H"M`
M0REJP`$^!@0I0'MC>];4NE01724$=B45'0;`41!$VI6'"()^1DUA,T!_4#8-
MP19D(`/IH#6^P#`90`05\-U$D`$?L0),(`(J<`7>_=UZ,``U<`1%JMHD<?\!
MV\@"5C6&=@LLW4<'"O,'5?4!>GD6]!P1V(B`0G6S:U0933`#=/`H(H"Q57`#
MJ::U4:,"):!S,-#0P6VVMPP;Q4T@`B`#-=,0YYN&=@V(?U$+DY&1?Q$"(5`#
M`C!)O,`$)6P!>N`#.G`%"]#3;Q-*`7`%>J`#5&`!-3#.,G(!K&G=',T`=`"U
M(]=]<#F8>S*!V"@)[*1-E<$"F>$?)H!D0*&.*A`ITL`-$!!%8X?A';M4:AT/
M8@`/$;``"0`*AY$L=CD"$F)X1+H(G&0GH_1FSS4<XB8!XB$":D``&&#-"O`1
M$B``$G8#@\X`&(``'.$"M`",#/8!%&X3_&*<(.W_84(``E;EWXT1"<RC"RS1
M5BP``8IE4WU@`BDPCBK@1NYH`AC$IT1#*?]6!<D$!71@YEIFK;C,4A&0!0)@
M(D1MM`G!`1.8T9:Z/1TH0V9"$&9"2GKD`GJJ366&!6K`$1Q1PBUPG"/@YAQ0
M`AQ!TX!.'7;^`2T@7F8C`!$S`HB3.![0;!C=FR[AYKC0>"+PS[E2C%!T!._E
M#!R0`"*PM>")A$4A:S%0UE.<X0R7YFS^5`6V@5\E#`QA#+.:MVTH-"MQO7!(
M2AZ06"1@!:DL\J&B2C_T>B1R-B)'`FH0:AC)H]`>0]]5##W:"/>LZ,1E$!UR
MVF-"#%.``+W=C`B@`B"<_UWIXK_-4*PW8`*VCH3-F@`E@*\SP``R6LOMR50V
M&AOW](UQ]1<4>0$;[7R)J9)_1P'8`P*X%"@(Q:IQ,R:].!$<X`)?JO,A<(!M
M@0`%D`",1A,Q89HK``(AH/./,`)=M8)_X,+8(P%,T`)3(#JSTP'+T`3@``%`
MLR[<D$P9^]5CO`P!;$@.?R5B(`9#`)@B`XB?RB<'61CL4QC!@1#4)#08'3>^
M0C[0;F84L(P<Y1LLT`)VN$[&9P"`W7$X1@<<UB$)46H1*B@=0@8S$`!,$!#*
MH@!MT$D@0`>0CP7T*P-JD%ATT*=\"CL*3#L6U&,KX`0IH)EH+<!9/R!#$/H1
MD/\#8K91!=$8"1X1Y[I08L8BE2`TX0@(%(*"%X5_?1]]%WU_"S,<D!X>*QP"
M7%P)*AU_%!\.%$P@!@B'AG^G?4Q,'`8>((6(?R(S(%,.'#P"'0Y]?0X2=Q(.
M+5PS!@9<34TN7!ZM"2XT+BX0$!XD,T(_/`$!"$T(X0@CY.4C*!H'*$!^[>[O
M[T-B?A$/7",7G1\7?PX@"P)`=#I%L&#!%AP$$J10$$0?"B`$C/CS@>"'BQ^F
M3!ET$81`%246$*#1HB)%5`PY981X88.'%B#^Y+O(2".+-:Y>Q;+T0000`"$O
M_.HC04*;#B82&+@AX@:!!*PX<%%Q@T:5*M-42$L`A$3_D!7=`H`39XX<`73J
MV,%;2V^(GQT1_&0Q`,+!*7X4+A`PT&&@P;]_FB1,R>\OQ`TJ[A8JS(EA(3*%
MIW1(T<F0(:*,."'*UX])@H"]]$TIY(`)`P\L=%:<4>+8C!1_F!!-1*;HA0X&
M%BC@<LP`@0`W3%2E(6W:-`5"`$@)LJ!%M['ARI)#NXZM]7=@<!SQJ.\#F3\;
M-H1Y>)'"][]]1G#X,P4PP5`I7%QTC[ZQ`$7T"V9F],$%B=&=,)299AZDT,$4
MLH%`@A4C=$#&%(Q(P,(=3$A@RRPQD&#`$S&,8(()RMQPPU4D4D/-!B0(P0,#
MW8A#5EEGI5/===<-H0$7)7@@_T%E%WAD@`H7?$"!7?O\]0$!'BC1'GWPB3!?
M?@45\L$*2C`&I4%-_#>33`3UHH0$"Y0@0!A3,###`J"`@J`M#H1!!P<DB+E`
M$VV,8``6)HC0!`TW-(&%54>82(TC*X;E8G324:<6C6SM\``400#A@'<7L/`'
M&1TP>($M(+"04D%'>L!>?O#1$,N5BGU00I6H_B5!":A49*5%?\Q`0`<+&$!!
M>V%XU`%4D230@00F=*#"##.,T)2>(A!7!7'$&9>K`5JP8.BATL68%J,THF$$
M`4P8(B1D"WBPBVP7,(%>N:.ZERX(*=!P2*LR!6D`E_3.VP<'+&S)6&:@?,"!
M%%*LL/^!IW_\:H``#*M`%!,..&!""ZU-S)0(6&`QHK//0N""`@8`P<#(U[HH
MW3DR+LIM/&+DL((:H\VW6$0<R"J4D0MPH"2I$>WXZ952SH!OOH<(0(<@LA*D
M1&B%3#$#"?OD:D4!`K!`!B^]7"!,"RRLX,'$>JJP0`+*J,`%`54$ZC$'0&@Q
M,HLM8@NCHBNS]4`&*8"@;KT#D1'1!@+E9>1G[;H'D0`[#@AT/B0,G>\'">!`
M'B==EE(+"UQ(D:L0"_PRW@=%2=!+42*0((`,)A"0C0<;<""$$,A8X5LT1Y1`
MA]L,6!NWR8FF7#<\$>PPA`"2#@D91OG08<`(&C&`WB4[,]G_L^*+?R"$X_1^
MH``0^71B5Y=]$"``!TP$X4$"-*2&(".]M.^+!`5X*((',[C00A--J>'"#4<T
MD8#LJN."V]RF.V_(S1S:FM'OXA$!`0CN%!AI#`*LT`29].%JJF`"!3:0@%KT
M*":5"U)$6E"**SVD:23HP"+X=@K!>80%(QA;ZR8Q"2'U`00(&)L`)B&`#3B"
M`%+0H`@G!:%:W($%$6/!`DC``0_$(`47:XH)B'.#C$U#`$)8@Q9PE[N2O:@L
M=%N@.R(@A@R4X&<%@<@'RK6+[AA"``M@3T4PDHCRJ$L`+>#(19CP`3[6$2,@
MZ!4%9H"%/WAD9!VHP@*>$!X.K."1_^,[FPM,$``2)&`#._0`PQ9P!!%T`@%"
M*,$,=B7"#R!,($Q0X@964((29,(*&X!`GF2@IZI4D3A',``,YK#%M\'-@+Q#
M8!C%2(\D9&`%IS((/W@A@!5HQ)24^H`SN+"`$00@-1[)I@AUH8AL>O.;G6I!
M#!,`.T@88&H%*!`.UJ"")FRJ%P8!@1"`L`8$;,J0BNM`$PQ`OGU\(`QD(`,C
MCK`!`PBA`',J2AM,@(`4I/!#(1H.5E1``@QLL9<DV]T7S3%,,<IC!RE8`&<,
MTP<E@$`J#R2/`'`P`BYPP`HPC2E,SVG0WMCTG#*5J4$%0``MA,%MK^A1>3K1
M/D(HX@(A8/^"#S6CP4]M:@H2(`&:AO2!#J@'IAZ`0:^LP`()R*`%8)6!#`B`
MT*;00!E8N`H-''%1C/[R4..8F^^(Z8<A)&$'`PB(20JRD3YXB@(KZ.!,(L8!
M`E#@AOG(S,P\8B!P9I,@EKG`#AE&6<JZ(DV'54QA0D.`#6CP@H29UR+.Y-+Q
ME8`$!&!`'WUQ@11LH"A@[0#JQ-E$+M"@*6D-E`$"8-&+OLV+B`+C7.DZ!.'Q
M8`'4X\047M$>W"P@J,8JK$8"UPN,\&>$B4`$'4.#"$'(9`4"2$`"1%(%"8!`
M"QQ8C'H=P(_V%H(%'>!`$BN7D@^`DG4)V(Y@_#8(!TR!!1X(0`O_3"#6#PU8
M!`NP@FW_Q#\.I``#O>7B6P]8C@2JC*X1*,(,2/@0]E'`4B&("07HH"D0E*``
MNU7%*U!1BD+D!7%Y*4Q[CZI>4$@$!`$%`84HP``!J!:"&!E$EZ80`@,<01"?
M.*Q)+J`$`R1`2'U%2*7X<<->2(4%$SLPZO)T!"MP0!EJ6*46(-Q;7P(WKL+=
M%EW;$8'@W8@]F<WL7Q!@Y`_,0#9*&*KA>N9=5'T`$Q:Y"!D$!L(6#F(Q%)&5
M%0BP/O3T(86)D,T'0+""./M5:RI8@87`2N`6B.#3>C+`!@@@A%V2N:V_U6AP
M*]Q18L;%#T4H0$P\0I^'Y,H!4@!A^^AS_SB?M:H/EPRT3#X@`"VX^!/X,8AC
M.)``4!1Z(;EJ02H@8MX5D%`SO7!`!P(L`1$,^*N@_O1>>""$,9_:MQD%YD;+
MT6J/MN,!7#V%1M#80DM-2]K)-0R?Z0V87N3,(OCI@P`"<`BD)4*]BQG2"#80
MF^1*(#<:'`U%!$Z`%HZ.%RJP@FPET((.A!O4*A`"#L@,852G&Z[9:O<"A^`6
M/\P@`1)@@`?1LUQ!\"`([<FW04*!1SE#J1`XX1+[/,$%'#S3(ZE(!*CRPH"$
MA.LO'2@``W;%$D9@HJ3NP]J/9ML"6H*:*4TH019('F$NGOED*B<N#J3``1,8
M$C!V$00(I%"40__H_!2E.LGB@EX8HE)`!7R1@4/,\R"-K`DB(&BZWF;UAR,`
M@`'Y"%(G0G#)S;JO#Z#L-E@__NDJ&&``)&^KV56-9E8/=\WO>,$+LF`%.FC0
M,)Y(A/@4L33LW:54-#'A!50@*A=3X`[^_=7KN%`-!4#7([PW*!=6H(4B&:0/
M`3XL1`*4`-BP[_)1)T"!.:\G*XP]].B><#`Y>GK4TV,&,9#""U9@A<00I@^C
M66X;&)";F%2$W^\20!-R#S0$]+[>I2%46%!]K%0`!E@`4^,!"Z`"+*`45*,W
MG<`"UI(`!:``H2`N#D``*Z`OB]`!HU,`"/!58/-U-T!BH`=^;G5V<J7_9N;7
M#D.0`:HG!D60!1YP9,=S,_(V`NTG8D^B3).V`:1P=_IQ`?,C8OG!""!``&MP
M-BQ``(QP`<!W&S.@``G`!>,C"1N0`AYP6"/E`/O$$!10%!`BAI<P,3*`%%]'
M`%P@!&17=JFF;JO&;N77@DG09FX!`W`4)$QP-5Q"`84U>'[Q%R*$&$*H3"W@
M"I1#'XN`=`C7(QLA$S$`"5-Q!#MR`0A0`"0D)4+"`E9P$;\@#$7A"RH`!)XF
M`\3R:4RQ`@4@!"=X;BE(>BDWAVNV`[389CL0`#R0!RO@>GOX/8?`54K0&+66
M"(@Q+[KW!XC(;PNA#X)0%(`T*3)1`K6P$8M0_R47``0;@#0#`0)<!1'MPP0:
M(0$!X`%-,%M.D0*G!0"L@P/?5W+AIX)IID`MR'+TF`0O8`%),`#IY0!3UT(+
M(`5/^$"`,8@5%XR_AAJ)Z"Y"5A@8@40'MP(RITV-D1O>Q84184_^)8'&L@'(
M(@0KD`+(HB%JT`9MH`8CP88H.'IP6'IFD7:N-D9@,`,!8%<KH`)DT(^<L`":
MUBH_Z(3T$B0<L`G\]B3=<P&0(101XQVA<3:&-V\4@"26@A>*D($!T8"L4`(K
ML``<UP$<A`6TE"?*T`1,L0`/YHHJB7*]PX(MV`YP$1=9,`=U!0,)\!`,(1`(
M$`-N%VA[!2H@X$,^]_]S`G<$"0DJ>RDD?89W9-`)3"`#!@`3!BD(XL42D^(0
M_X50"4`"*4``.>0"%S!@GJ8>'*``GR:6SN(!(U=V9TEA+2F+YL=R<0$&=94#
M3%0)E"4%H[2,2G<(-L,0?ADE?4@3_=5:$"`0C->#0$9'0L(/%]$2@+,/,4%Q
M'W`$"V"%!%`7?;`P!I`",4`UK0$$"7"&+F``:``#!E..-*`Q-P`2:^".7%1`
M<(AVK+F6;!8!/0`%`4`R#-`!.*!)1_9V2/,*5R-D'*0NRLE'2Z-==R%W0&!\
M3T<T[B$![;</B?5(DJ!).,`%>;%MR+("4C`'+U`$+X``#*.%`6`!%H`!S43_
M`"!2%=)I`.M99NFVDK&HEO+Y#G!A7%Q@"@YP!V&P!L<P5:?P"JI`*3?$08<5
M4$<9,0;'""S``'2P`@S*>`Z*"N62G`RA#!W``"%``9F"(UG)`+M4!,:4`0^@
M>BR2`R9JHCD``PM3!69%`V0U=F[%`F#5`N$`'?!)HS7*9FTQ`![`7H84!@PP
M!6U@7UV1`.#XB/&T`5Q@2(GJA:]#`MB`E0Q3"5P@`^DRI>Z!>>L!$?V@$9-I
M`''P!E*@`6!@AP]0!`]P-QD`HB::`6EJH@,P`"N0,58!`33``RD0?BSB'`%`
M!WBZ@O*XIRXH!FXQ!$`@$!K16BL``XL@.JOD`=4)_T*"`"&,>E*5)0!6\&2-
M@326$E1[J:D%(3Y*D!(>890>40FLP0-N$0%#L*KPNJH9,*^PFJ:SFE<*<%9-
M\"Q'4``F]U8&=#+3$9]K>:SMH`$","G[D`)9X#4'DY$YHX`E(0%_("%9R`*-
M274X)&HL\!`;(63BRFOB,Q/=HP2):0M](`,",`=DE*KU\`!)(*_T&JMIF@,<
M!"C1TCKH!E;/H9HC8&'$NA:O1@\E\!T7)`!#4`1@H*M-D)AY`6"M4*$>8`4D
M,+5](3@2R`'/90IXD:`A:Q!'P`%7LP]'`$<RP$=!DCD,6U?Q*K/SJGJQF@.S
M"@1"H`+-0@.!<@0>($"X8_\M(/D;*2``+"F'>AJT[P`#./`)(,`%<[`#QCH`
M4L!>`^)8#N$0+'8(&#MPQY,7"BLE89`N40D8A]D/'EN70("5V<D#!O"6"*4%
M,,`#*X`#R"(&#_"R\4JO]1JKLZH%'L`!(A(MTV``./`V.!`#0+$!`;`<1W`$
M(X``+D!^A6NX]/`")!!C#%`".U!7$9`"'3:E#P$"_V-\%.%BZ#(D>OB7AF80
M>S0%)?`$DP`#.?`".9`%.0";18`#(94%+P`&\4L/M@NON)N[LCJK<T`"-``!
MR^LQ-)``)?`V`E`":]`B)1`$T8$`*@"]PRJ][K`#)4``0D)IKND':[`&`IDO
MOJ#_6H`75"W$"T+R=GV%*F3R!PR@G0'@!_,P1L'3#C<\M/[;MJPZL[I[KX$[
M$LMK'+OXAMZP!AP07`3PLT"KP6PQ!P+`1Q10`JYIK&<DI;HG1-(("_O@-S*7
M.SV23/6!"'RD01M@`4-KA_0`/&WF#K7KPP%,L_<*>@[U!,7A,0PS,G3J'.+0
M!,Q[!/3$O`,;O1J\O>Q%`1Z0`T-`1D,`!8*IJ7HC$^(E%!L!`ADW-4)@!=O1
MPK4F;S:4`AD`F_'`<L`##S[LMO-*Q_=Z!1B@`8OF,1ZS`0T<HPAP!'2`!18<
M`R&Q`&OPQ%`,#SNP`@00!DH0`"M0!&P6`/<QI7I&`?$3_S@L('4C<P%-L&BU
MMZE_4"7L)0$;``0WFKWQP"BI_,.K',2MC`&GJS8N0,MON``X`$H),`Y28#IE
M``0H8\C2.P0YD`(I,`5DP`4I\`(9(#R9Z<SF41G[Q`4/,0)5`PKLY:-`\LEZ
M$0-!L`UUU7(+5`__J\KH7,<G*`!2(``G4LL"Y@U"$`-`P`-Q10!-'`=;D`+4
ML0=E4-,V?=,XG=,ZO=,ZO0<3\-,^3=-EX-,_7=1&?=1(G=1$3=1(S=1);=1(
M@`)"S=-47=56G=-[P-1.#=19_=19C18DL`5B/=9D7=9F?=9HG=9JO=9LW=9N
L_=9P'==R'==N<`!V?==XG==ZO1;7?-W7?OW7@!W8@CW8A%W8AGW8!Q`(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>30
<FILENAME>o68633o6863309.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863309.gif
M1TE&.#EAOP"]`.8``,2]ILW(LJBHEMO9Q:(]-9F6B/[__F]S<<K$K+FTF\:\
MFX^*>+RYHM'-M-3+I>?DU.KEUM+)J=7+JLK`G.'=R:B:>-?4O*"=B>3BS*>C
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M9MG!IO/OX=;<W,7'IO'PWUI@8SX\._#P[I*3C]/+J^GGU]3,K"'Y!```````
M+`````"_`+T```?_@`:"@X2%AH>(B8J+C(V.CY"1DI."?'.7F)F:FYR=GI^@
MH:*CI*6FIZ9M!AP<8*ZOL+&RLB]@-K>XN;J[O&"L+WJZK!POQ;!ZP#8<>LO#
MS&"UL\2^P;;6L]C8>F!ZW=[>Q:S?X^3@Q=TOO\7A[*PWJT0*\O/S*_;W^/=*
M^TI-!6,6+'0)2+"@A0$##B)<R#`A#SXE,MPP0W#`B!0>>O0XH$`)#"4"^.3X
M0N9+GCL]!.0`H$%%%``P8$SX",#,D0,IQ$C!(05%@``X?@9X0[1HAZ-'`2A=
MRJ"ITP10H9H1HZ%$GAX7M*!!HZ6KUZ]@O=+00*/`@1L%%J2]L:!M6P[O_S@0
M04.OKH()>//BC<FW!HP::#QH,$BX(D(LB!,?QL(C@P^_):0<'L"C@``-"0KD
MF.-!Q@PB,RQ(.9!G!X\4/";(<*)!@XPY/"X<R"'F30`I4AKH;O#!9]`6'X)_
MJ$*\2@<E]Y8J=<H@JO,$`G8LV,HUK/6O-+30*$ND0(4;%1:$=[L`+CR[>B?8
MX\N^?4PE`"[(4-BPOOV&*C1`J>&CP)P28B#4@`QBJ%`"`V1(@8!D4A#T!@\!
M6("#!Q?PP8,'.7APA`P'-DC&ASBT5$`)*KS1``HH-""44`BTB`!2'2C'%',,
MH)%`<WS<0-V.U%T'5G89$"&D6FE]YY9Y<M6EE_][3#;A9!,U1'E'!EW<9Z5]
M^=4`0A,^*)`!`C<L%,`(0M!WY4$6B,%#0%@T4-!`9#!00F<:X)6!##SDIN**
M*[KX(HPR+L<<&F;DH!6///J(G7;^H14>>&_%%0\]Z<W45Y289OH8?SYH(,25
M%#!$P:BDACJ#"B#XX(,.'X!P`@@,C(!0J/8A-@`6%F!Q6$`#N)`0FA8$<`$1
M'LS`1Q5!B@%#?"F,`$`#>G[`FW#!^?DG4@"L(*,"`#2%Q@@>)*`!HH@JVM5V
MLE7@'5N1GC?!77FUY]=?,*2J*@CX^@!"%?K64$4>"XTZ0*D$DSKPJ%TLL((.
M^+X*@@XZ^'`#&0,?7+'_E1DXH2M""@4D10DL"9%#`5``X$$*9@B9@0`7%("#
M;C^IN">?+79P;8PQ*J6MH,,2D0"YY)JK!1%JJ?M=!4@2D1Y[F68*`G_X1IUJ
MU"MT9T'!6!?L0KBKOJHOQ"O(-\/!`E/`V`ACARI%"CGL<,`(&S<D``U5%'#$
M#GS0=,,(8Q3@T1UF\3$"$3((T``<4@2@X@<L^@EC4H$",$-;&0`=M(\T$%W`
MYN$E;2G334?YM-2DNPH"#`5T.T+6K(=:@@`1M`#Q"1_`4!7A!7A&L`M2\)%`
M"1;X6D(*&@B0\7TJ*%"#9CT4X&0-&6!T00UXW9$'$7G4F,,1)!9@!@\S]_EB
M_\V`RBB$!P=XD($&"J"1P0&5EZMHD)R#YSGHH4<M>ND@M-""#^M[F!-BT#J"
M88`"7>"#`!@&'!T@0`4R*)R61L2`46&!`N>CC0"N1H$2<.0$)9!5?2R@`G]%
MT`QH:$(5E*`"CL1D7EI@P`56D(`%>&`'#)!!#@IG(L4USEK7BIP`B)"".0@@
M,'.83KFJ8QT:'(`(1KM!TBX5.BWQ#U\1`$$$LJB#!%R@!2?0`?!*A8$#4L",
M9RSCJ&+@`B(HX01A!,#>^'"'$[2``0<H7`;6)@4G)`!]*KC@`+J0DQ7DX`"2
M:0@92J`$`(Z!"!JH`12@$*07@NXC,%"`!@`PASQDH/]8N!$*XWX"Q,=!;BD"
M0)\'%G`!RVVEB;*!HG?NES\K7E&+6]RB#Y10@`YHL049X`$%".B"+HQ*C6<L
M6`RZH`$=V-$#,1!""1``1Z)\0(QC.`L7M(2G&`R`0DX0``"$D`(<U.<-`N!7
M%2#(`"CT*U,>B<D$:N"1>,&'#Q[P`!&>M1N?D!*(-^O`"G*FK0(0X0"M;)_E
MO%("&LR-"'KHCKI>(*D7[N^66<1E+K?8@@(P0'8ZN.,%$GB3%"23`AP<9@S,
MN$P-,"`#*A`"&3+@*HBUP%4)V$$!"C2&%9Q`3=Y4008*`(,P"D`&M%K(QQI9
MA06D0'E<4F$3H-`/>C8!!E?_]<L^9`*#3Z:@`'K:#<S$YSAL`0!R*_-``2R7
M`*T,K0@]L,$-B"C1`E`4'IJZI18U&@$=9%0'EX&87R&F@HQHI`<&<H(*"ML%
M',@@!BLM8Q=*((01B&&9'A#`-07+JCOXH`4"$,($/F`&,XSJ5`R(F`X"X(%0
M)96$3`4`1DIP!TSY8#]1BN=[YJG;KAY@!A^"V5AI5M;RY0P`F;G!#58)E>SL
MZ)-GF>L-,G"!"E0W:5%RI[[XETM<:A%B6@2`#$+J3-D!+CIY`%`!\GD$?5JA
M!#GH0ADCVP7(KC0&1\A!"6Y0A1/T-8MV#&T"0&`&`1"0`L9*+0A00(0N)($'
M%E,!_P#TY0,&$"$'M7V,#Z"$J:N^)TKM48(9#B`$%836`RI(0```$(`8_=!%
MICQEMS*0`1MB[P:9T\*P+D`6&M"8QM6UJZ3TI=V;1FVC2/[N%IM:!?+:\0/K
M6\$0/Z"!/.3`RL/+`71<<,`')'.^&(B!@73X!CANT54M<,U'XT.J9=Z@`Q^X
MD!#>)ZL+TEA<2KA`#^9PARU5H09OL+`,/-"!*'W./7(4@`H6`$DSK%>_$<Q`
M`$H)8U,&B@'GP]X.L'<`JFS'QS^N[EWE4H5\?1:+WD7R?_OW@0LD((S^ZVL'
MOD@[#40`!;%+@!)4&X$,`"$&%HIL&<,\`-A%X`.JAJ,..O\0.\"2#8$C6*\+
MHL"`)I0(8:<:W($`\#1)@@`!,!!#"3XC`"5@BDF6C.>[2J`%/JQ`##(@:Z4M
M+2/F"$`,CKY,:SX=Z@J,F@@GT)*^6M!=56\4CBT00P$B$,;8?:`,"^C`"9[0
M!X8[(-9F!J.!5=`#'L3@U\*.@0?,$`"$&QS6$5#!,(])@?4.<@&I?<,-#IS#
M$2A`51NN`I?$H$\BJ&``.!``*]]@!G//JR^85,),)J!TO!`A"L2U5HR/*R@T
M-$4JXNHQJ*E[@7^;FN`&#WL$>*E%!W#TF@L(P!8AQO`PPN$#8$=!`G)P81P(
MP0P?'W89&P-3%3#`X'Z-P`4&`%G_,QXP!CC0`L0"T&"!&:^KCFF5CMEVA#R,
MP$3!2H$,$,H`<Z.;JWNQTP$0$+Y_SOMQE_965%JC=5#[6U)0L6G@S\S77/H7
M!![-)=A;0`,Q(#L"#C#[%C<0_`CT@?@ZP$P.1G"9P3^@C`]XPPPJ.X;*&%OW
M9O]`?.I[>#-:0`9P/T%F#N8",\A@!"7@`SXAHH+&.J$+1_A4*D-+!#[,D%Y:
MW:H\9;*"97FT])/F.`$E8]UR=<[!>ML1:J/6268`7K,G=G[5!V9@:[OG`!L@
M`336!&6``D]P`BA0!BW0!R)H<2C2!T^@`PK@`#K0+<^'`2[@-WV@`U40007P
M>UM4<K1S_T<'P`"115]$(#L!E@+/AC`ID$K#\@:280$Y$`"#)(0!(01"<`,K
MX!<@1B_MLU5X81;\)!0M\&+D4S[+T2U6UQQ0@8#\E@&CE@<=L"JN8H-BYU\`
ML``V*`%;)()]T`$RD`$;:'QVV(=]:'S&YP`!4``S$`,/$`,W<$T6%P$20(=K
M]P%AI`,J"$(E,`##1@%2D`#^`T<W<`0'1C!NY"H`4`(EX"L0=BMD("08000/
ML0)7!04?`043<&5"LD\PL`(RP``GLB?^%(#%16\%R!QEN&\^YF.C=@#]Q3`-
M]X;^]0$+4`6J)H);X`!]@(L1L`5^F(TC:(?`MP'B]G$CD`#;:/]\='@"P0<'
M#'=L??4!Z#=?".$!/``Q'P"/]54P0G`!ON0#*P"/#6$&U58`3@!A,W`!?#%5
M4)``>9`"MC$#-W``$*0">O(3O>B+OQ@Y-+)ZQ$ACHV8#-,`J8.1?R;9%<`1E
M&O`!%;=1%0='?4!CP'=K&Z"-V@A\#@`'6T8!8B``(]`$6U"'N?0!9K>)$:``
M!U4"8<9:[:<"!9`!4^%!`D`!(R`%I>)S/D`'?S0#234`8K`"G2)"L)4I6,4`
M'H`@HL$#)"(`814`$TF1OWA*%SF,^Z:1<;$`P`&28B>2XG<!P0&3QN>,*Q``
MP2<!U`B3?AB8QI<`!J("/%`9??`!+UG_<2@R`06``.N8`\V"`X>H`C>)=SAP
M2"V``A=0`CA`BF]@08(!`G0@&U625#.@`0#T*0DA`/LQ24\R`9U1)@&A&[@A
M5A,)4%]H5C-"AAA)%F@8EQ/@7WX%=@;GF+V4C<%GAQ_```N':R)HDH)IAQN`
MCIV)`C-98#(`!$30![AF<<&G`D>@`G6T`2E`!&,P7R4`!8`E!#%`(I`8`0(`
M(*UF`3%`!KY'.TU`!%]@-J&"&#+`!QFP$!90`G_!83Z``#70+0N@6"D0?[F!
M!&+%)Z9W>F>5>@;(>CVVD3NP`]24CM&8?;EWDB+8F",8`54@)'#`@=-8G7Z8
MCGW@`-BX`68P_P)RN8X-\`8<X@0EP`4^$P!0$$*'>`,)((D1L%,IT`-MIP`>
M(`8ZH`*7-P,9`%(H6`(!0"HNX%H,,0(:D"H<5@,(\&=^H0%&J@%\P!-A=2(T
MHY:`<A0[$XP&F'7[EH;9Q`-NF$MVN)-4RH<QRHTG4(TR4'''YZ?568<S2HVW
M9E!',`,"4)^+56**)@,I\`4SX*,\$&88($V>H03G]P7Q%@`WE8LGP`=",`,'
M(`!V5%YA8TRE<C$#X'?WPBE>&4]-4!8W@`-DT$\6JI8#2'7!>(!U*BDQT``C
M$SO"EZ(5YZEO@*A_V(<G\`8T-J,P6JVDE:9=\`"'V()?0"(RT`,Y@/\#&-""
MX_I\F[EIA1B:&X5%`C`#74`$#0AKKB(`PF0P5VD&LHISMX5;5,@>!:(G$6FA
M4A=0]?844*$%P[H*$],%.Z!9-CB"V==*#4"MAUH`%U`%SUJM,;D"!3`".$`!
M0!`J/%!,&)(AAND"F=J"SW<1#-`#'H!^`/"`6V1M9#`"J05'800"5/*JKN4K
M`S`#'L!MDQ0U3T(O_*`!1/`R#;"K`.BK!*L<PAB<&YD#5"L&#+>-?="(<G<!
MC.B3,!E\R!:66<N-&JN-#B`!VB<`<S4;=@-T81E\?^2?EXA?.Y`"Y%D"58"<
M&[5L,D`$=W!-;<@`39DU%<,R*P`"^[%=FV+_=/-"FZPH5@!82L`H*,`YC*,F
M`P/@HV80@W5(?!LP=GC9!X$JF-0H`A]`!`C@`">P`2]IJ&7;AWDYG0$`!PPP
M!\RGG9^[F'P0!3)P!'PP:-OS1RJ`!EN@MW9)'`BG`QYU`5#YB:\Z`$=`4Q1V
M+_@R231@!D^J'BI@96]`!G!0H5%W>@3(``4HK*-6`&'V&0!`G63K:G6X!2A0
MK9=Q?'8H`3'INMD8O\)G=CNY!?.(8OI+HV5@1S3:`M2(`N:8$1?0!V5PDK;'
M<!`3'V]P`2G``(>W.X-6`@FP`@R@`%K`+T3&'TW0MV1"BER``P$97+LAL`"%
M>JEW@*/&!]H*!#:+_XUZ*G>PHZS9Z*>0J`$11[&'"J-;=,#'%Y@R=P0@J:C@
M:8>2N)@1@``=S(=()CL:9ZHWL#V6B$9:6@`WY0,),`=1$&T`4`7ULF%/PP`J
MP`<F-@,1`BUK6GHM[,),$:Q1<;[#UA@1\`0$YP`HT`+/:+]]@(W:",C2^`$%
ML`(5%YB$^KI?^P&`Z0!OD$_8J)W4"IA8*[HB:';QRXUMQW!D:09=,`,Y8%JD
M<D`'A`,7X%\*L%XS@+*D2"%_`4_B(@"120:*`[F[26ER_)O.<;XSW`4%\`9]
M8,#4>`$,X(>$_(?)W`>'+(+VB[^N^P<[/,AUV`!F(,R,/,U:!$=@*VZ5"/^T
M4J"IG\@#*D`[./F)+O`%3N"W&X899#H!"2`#)=(=824%HW2A4@>&O%S'<5$`
MVOH`0#``-Z"JQC>0@BS$V:@"7,NZN?L'TBR8#OVZ6[3,V6RB(B@&?^>!];D"
MY2E?>H=&(Z#&?'`UD&4P(5$"1P#&@[;2,T`4NRL%"0*^7MB;P$K'4.'+_PP$
M&#`#8O`$'`M\%JVQTLPRSIR[?OC01XW42#W()[`%!UW1>KJ8J\%\-RD$.J"4
M&4!9`)#%)4TKK.--GS$VHD$&A9$@:]HG3KO+<DJ&./W/*_NH*A`!#8R_U9J+
MSHP$2>W0>AW1#ZW7%9W-48T".IM!)<`#:*!V-U7_%>T79L(V``P`E81['P9A
MUKGI$[DLN00HIS?=SV[]SRZ@`AVP`!D@S,YJA]*LU'\0`=(L`\SV!Q*P`7L=
MV[(MV\;GUX2*U)O\UY<\HU5P!Q$P`EW`M3A[<0DP`BJ``\)F!U&@<F8T*P+3
M*PQ1&`T@RC.@)Y>]EIDMC&W=V7-&ED0``WV0VDLM@N,MS3IP`1SX!Q8XV^P]
MV^2]U_7+B..MVPZ\F`(P`#*P`8%*6B7P!BYU`_")`4<U`I\H!>E5(JYZE1Q#
M$!\R`E8F!#R1EFFMSY2[V:O@SYV]!,_W!BI@!`?0!(L9R"(>W@QMVA(@`G4S
MMEOPDK;=WNX=WK8=WLZ\_]1T#:-T")X$[(\/P`>?2WQ\8`80,2=<A@$#<*HK
MM4:HW`%B<`!1(`2)-``-D!!2T`$!009=$!+$,AM"@"+!\1-$(;Z^&897M]W:
MJN%`@`,'E0,7(`8;L),-$)A];>(BT`$%X,P2X.)XSMXRGMKDG;'5FDLH4H<S
MB0)@U4%0L`*UPP?YB0,\8)F1=48-(+@CL"$,`$<:,"P"\"!S8@;%5DX$D4/Z
MI&>:U]+`,>$4KMV<W=D/L`2_=@1."@"+50-_4`8LGHT.;;\YI`19VXCP#>-Y
M+MNF'='O'9.+3+KGN`&ND0$CL-,CD`%\\`'T^M&'.&P#P&X*P`!FP&T`U@1R
M4O\"25F?E"$$`U'E//<:=&=E8L"%F*W/-$+F#S`$0Z"M/)T'"_`$#`!S(2`"
M,+[K=R[-]BL"+"/-6]"(?=CKOR[L[HWPM:V7TPD',%`%;P=\>#(`VBH$%B)A
M`@`$`$T4>K=20N![#.<JM--?<-0_DU0#>)(KN=(%9'T^FC$;@W8]&H``II[9
MY>ON/Z"M$!`#WRH&92`"*.#M;\#B#-WOKOT'(L!+?2`"6^#:P=[B!Q_UIXW4
M^+N31&`#.3!7'4"40[`$C(T!/"`#XKJI!C*N&("]&""XP2%\:^=,4K-A;Y`#
M"9$0N&(!J"J+58,Z&2"I./#E^1SF,^+N2S#X0#`$`,+_`.O4%K2<`1\@`B(`
MVT;?B!O0`A>``*[]VE*_U)D/['JYEU(P1*\Q`^.J\3,,T``MX"KP!1CP:RI@
M!N$L!D1@;+\71J\"1LE'&O:G*P0A!3*0/;?H,P#@=&DA``.KUL&XW1#P[LD/
M`4/@!!E`=RIV*AO@11I0!?H^]9+_!]`)OUN@[T_OZ\(._N'?UU+?YZ[+DTLO
M!C.@ZN6JK1BP6#J]4L8M7S'`TR!ICO(:,2"0`&8`""L^!2-=75@64A<):#`P
M"0L'-!,3`!H7")F9'9R='0"@H0`,#"\W!AP%#ZNL0Q`0JSPC,CD)`BH9#AL?
M`A=F'QM]$L,2?5M-)1);6PU]_\Y_?\_0T\[%?QL;#G\A3PYEP]/AXN-]T.7.
MZ!$2#@X?9F9`K/+R'CA`&`\872I=^#-B<'2TB.!`8`L0.G2`6`BEAI@<3E0P
M`#"C0!48*QQ-T"!CQ00&.PZ00O"&$P).#%0(2"`*%`,TIE"I6O7*SX-7-X$4
M$'*@0(Z4VY"4^9!A$8IR3T+T>9(@180G4*E%*R=.&M6I&_Z@P#:N*SES4_LX
MZ"/B0PD!0F+,6_L`2+RU&&+,*,&`7803$1)&V+L0(10!.5(`6&`D10(8E"8@
M5D)$PX0"1!;,2:'B"!\``F2H@"S#@Q"7&D:5.I4*UJO3.!]0,>,AAY@>*S*$
M0!&A3/\9$0$R,T`AX<^3/@R(%.C0X"A8:>*R2GNR`<X&`(NN>@4;[ADZ9UN>
MB.C0XXM;MG#SL<*7;X"*$@ZVM&AQ0N_>"`M]#)HC!DJ3'A<FU%"B$0:`HA,H
ML((":#"@`1HWS.%!#P(<Z($'1&0`80XWD*(':06@=A,KL#P00PZ!I=!$`0A\
M\T0Q&T@`!4<"2!'"'ULHP<`%!=P@%7)6(2%-,!)$<`%=TU4EW5<A9,?`#.0-
MP2%XJY`G#P88+%'A+BBTI\-[?2W$7Q-5=$`$##7`H`1_&J&Q@```4**``@$F
MH(4"`JP)4AYHI."!`C3D(<!H,M%TVCP0F"%`"2D(P4`&":3_2(RB$GR0P`42
M98.-!@(@UY4S(J`3S09E(`"%6$]$,.20T4PU'5D]\N$$DVNY]=9X4.+C`A%B
MZ-#'>[C"IQ`4\C5189A-U$`)8HIE$)E':ZX)@+($SM'#FA*BD4`)PL54&FH=
MVC2$'S/DT,,!2428P!_KI/A'IB%$L($(":B@@@:9,E"`I>2<\XP$&Y200R[D
M]F85J4%2XTP"3E!!!1`=LOJ=/$-`R0H0,W@``SOK\<47"#XT)%\"/H0)IL>*
M3;"""L(EP.::`28KPPX+),N``B^KD`<'&&(+@4U++/'`#R.$E$(41NQ@!C19
M0?/B,.JH<P)'&JP@0[W714,#,-=(_Q`"$EI\@$((19MS%;VGHNJ`&#Q@,,02
M0/SP0\)+R@-+E/+$@X%GH7YP):X+T8&0#U5DO%\--33!WP10>)28!HVE/."`
M"MR0`@W)$IBL%M9FJ*$K/_BQK0LIV)G##CN(0=VEV.C2@0KTZ>!-!"*$D&XQ
MQ32P`$!]<"55UV%Y;55UX2A3D`Q"I-VA::P6OTH)9ARE`UY8PI=E7X!'[PAB
MQ"*VP@TF,\NFO'Q$GBP:,%>.+4UK*QE#"1X<D,<.]`7LS-;%D/7!C`5D@(`P
MWF`C#%GJ#),5,<0`6%BLTSMKW"L")<#!$B"@I)NPS7AL*4$"4)`>VF`)!/!Q
M7I:B)[WI)?\&(QHH`.,"!``BS($(,O#>]]!`,YF,SX$,]`,/`G.$&?3``Z(+
MF*F$H0SM5($!MRB`&0#`&WR)``7]`@<VEI@BVTE%=Z:*1F\*J`(<*$E)?VH;
M!%DQG#Z@8`MCR=7S-MA!P'D0(X>Z@??^(X8+7$"%D#A3"Z_U)U?`8@D_>$,/
MCM"Y'F0@AT*Z"CN,)@'F<,HV`2#"+2ZPDA8\80N%'(8S7@26)7JM5(%$#@`A
M*8`!N,)/?TK-`UDE!0%DH&D.R%4&GU>#A7`0<%``@!82HX4%7$`#*%.A"C4P
M.P$088Z6R^)IA@"$0:5@!T<HPIETZ!NKB>"0?RB#`Y+2`!DX`%__*TC`@U0@
MACN(8!M0"><CKT$5L%6'@`#,BQCB`8$?<.@T-DG8*-D"!"H,``=\>,,65'E!
M,D9//PR8C)T\`(`.)&99NDQ6!A8`/AE<X$(NQ)8=(8`V%3AACSLP@@<$X!7I
MN,X:G'K"&5#0#5X8YY!E@`,`:B0#&60`#2NHP@<^(((C/I.'Y80:.M;5`"DT
MX`/!:^`[13E4M@DU;@_HP@T^<"M^LO*5,+@#$3Q0`.HE)F4G4P`HM+JF!10`
M6@4`@/C^I#GB^0$(.(A"#WH0!5KQB&M@PT8`_^`-YTA``!THE3/"28QH=$!0
M*J"1!S)``QIH0`,)F(A,9\K8`'P``2M@_T`""DN#HA2@`#\"@I)T-CX_O!""
M"7N#`&@SD!,@Y&+^]!@,+G```1!+35C5I1@\@,LU>6`BE8NG:?S`VYKX(09\
MZ($31G"`$GR@D"'X!B4#!CNQ'`%WT['&-AIP`1E)]AUB,&4&MEN4EFY7`&)X
MAQDFHH0(D,`!:7&%36`(P\]NL2TJ`$`$V'."%KAGC&4,#IO$1(D5I.F4WD/#
M!6X`/CG=8%F5\],#;-);WJY"""6H8@_J]PVB"5`<_NK#!SS`3%-9#0$9@&0`
MST&N$B=``X7LUS:JH8P-"*`+%`7E\&RF8+<QR04JN(/J:&-:U$)/>C4`P)V&
MA1BMKF"JM56`%O\P&^#+B!5#GFWPS7A+Y0>,`#`EB`(?1K""FYI+AY*4P'^6
M&R1IA$"RUU&*O3`%'`&$`%_ED*07T5$"*:#M`:[XI&EHO"'V`FH>,R""$/#R
M@1YKT)_3DX$8K/K:`WC@`EZ`TP)JB]`U.5E\NKV9IJG,.2<4`40'>,-2C];A
M<TA@T1<^)[GZH($.,)$=NF`B-C!#UVP4I&,U.`$[MJ`!%0AA!`I<Q;;::[,9
MSW,>&(A""EI0$$-#SY4=#%!G)E$)-JW@`GE(X:,+'."P`@"BI7'P@JE,;B>D
MX`(@2@$1X'"9K4@W8'+]0P&^[+XX]^$"S0"@O@&(&6X@(0)0J,(`*(#_!`74
M0`=;Z(,*/%`%#QQLO3+FLZ;'S:0EH*D]#AA(/T'02NDI1@DK0-`,6N81_]S@
M``?(7N1`(6`Q@`+<EB-WE,M]!"(<H0=YR`%T1##-:S!3`B+80A5DL!1F4J48
M!6C`-63=E0Y42A<U:``$L(`%"E!``4H0A@[NEX`9_`!AQ0X[*(LG``><H-!X
MVR#'S8@8CQWY`!?PR'8Q*[+8)@LRH8`Y@\4]<PA000HSQ&<4/#!>;'!MBO"&
M$1"1@/@R5ZT/2;\.55SW9F(@H%*A`@$&Z)"%SB,"#1%XLU)$D`$*J$T>G%V+
MABJ^"AQOH+YY4<@8H>TQ85'O!@48K`!N<(&I_VHO<AF0`0]"D5N9\W9;-G%!
MSER`YQQ`Z+@L-OHPQ)``YG38YRBP4:J7GAMC@*`!%`B#^"M`@P?0H`;2$<`;
MU,;9&2_!#SG;4$T6W"KQ5$0L>\$+!@]->T>PW7H%H"`,,`%%D57)D@`9<&"B
M4'Q4-F4.Z`%.$`,_L`14@`.X(`(D($6--QV9XB,-L`77YW.RXQ6V0WF\P'@@
M@`)8P`0LR`1A@`$9``/2404"H#,\8`]#D(-4D$4/`QZIT19[H@RWHG$^MD'3
M(R8:D1@G$R!,J"PW<`,9P``&17PU8WQ1!@N507B9(P89T``AH`M15&]*<`$4
M%()9@0(+$`%=83M+\?\$N4%7'Q``#Q`&!,`$!$`<YR<.(<`/W=,N)>`$2/(*
MQ.19,G96[)0:0$`&HY4>S<-_B':$21@@(Y0LK)$`';`"_C5\+P=E5MA@*3`9
M/#`$%.`$#"`"_A.&01(,AT)!VU<5"#!OJ;A$O$`&%%`'%/`!&-!Y%F`!-`!Z
MF`0C'E`"CO0'$7`'C"0`A6!'JP`$:`,$\62("-,6,5```>`,J>143P4X_"$L
M(=.-L15")3`#'7`DXR4*>M>)498")3`"5#`$^E("(5@5*_%F\=AF3O1$2]0'
M%H`#+!`$%*`$6I```8``#%!8GQ(.Z_(!9;`U)Q(`-U`[*U`"AE!/;[$M5!#_
M`]]!/.?3`=<A1D6X=JI%":!P54IX;7P@!`)0`#)P63?@`9KX;55(;E/F652`
M<FZP-C@0.KT!73J4*1<``.#08<K1=<'P%>?2`!8P!6S@`A;P!RV``%B``11`
M!H4%`Z)"%4NT!;<Q#")P`7<0#"10!9>U`&="`3%`!CS@2T1P`QNB.6_@`0AP
ME7MQ-VGWB(Z0`$1@`X9S56C@`?%%!'RP)R=F2^;(B3+)0&NS!'EP`#C`6W.P
M`QSV1?CRBZG8`!G0`O'S<]`@`1KP!@!3#EC`!J(YE0*0#5`@E5#@!;28)O8R
M#=P`!S"R!0!P`^OR(F$4`B)0!3V!5RC0`"*@`3BP_UMNH48?X$BWPCP;]V.J
M)08R0`1["0`PL%`=0!(:(`8:\(09P`.?0(4R884,M(-+<`!.0`';TC,'H`$I
M4@T\N8:8(0ST%B1`1RZ=28(;@`7]J'26F9MG@`59<`57$`8H8`%:H(881A9!
MUP+S4I3F`%)$4`52E"E=!W'P1P4J\`'L@`)5THCXU4$K4)W4@Q@<\0:9\`8B
M*J*>L("&264+-`0[.`0'\`7(%P/#E0'!P$-"B2CE4&%@EBE]0`.>N89).052
M:98X@`$#=P8MR`0),``T``+PF5TUBI"NXP!F@`ZPHP0"P(PZ\P!+,`1"D`!;
MH`,;,%_-,WO:&"8A.0%*0/\)!!4``?`&@I(!3@`#G``*_K6)W2ES*WI\(Z`"
MR/=U*E`<D/0-&TB"/^D,[QDDF8("&5"-ET(!!L`&=5`'4S`%+@`!&(`%*)"D
M6=``33H.O=$;'T"&H],'"YE<#;`!2M$O*'`!7;"EK&`>O]$')X"<'[EV8*($
M#7%5*["F1."F;S!@-!`<9M`)!<6=J6!\5*`YGC4$+E`"GO4*3C`'#8`$UZ0<
MS+0!%_!-T52H:Y@B78E$I.(`%N`'`X`-(@`'&8`"+9``%)`%<T``88`%C*`#
MH"H,)%``#."M9>`Z97`B5`%)*!``&>!G#T`*PG`7JK2AVC@F&I$1E+``//`&
M1&#_!HHC`YQPI\A:`.@XDVGC!\O*`RD@!<&P`;^QGN.@`P(0/SJJ0^!Z`24V
M#B$`J7ZP-2A`>@W0`FA``U57=9,U`01:'0[0`-%I'!B6GG!P!M40=-5P`U30
M!3.P,`/@`5)P&T28G"`)B=;37T3``P60`$TH!B-PHAN+CGZ@-J^P-NVX!%UP
M6\^D*,RT`F8@22T+;XVB`M[J&TE)`6_6KQ<`!U"`E-/9`1>0`0J@`X6:(BT`
ME_180)67M*:X!4$'#5N`/L$H`\S8%F3`!\Z)-S[6<?_WH2)Y`W.1`2D3(![@
M"=L)"@S8L=ORNKP5K'#`#F6`LN)@"X4$!Y*;K6\&`WCK_ZWD&@084+NN<P$!
M@`(8<`:=!P`".@'Z4Z!!^!N7@JA/L)EZ)0%')@0S,`(Q<&?%I`$>>6B@RT%'
MJ!@:,`(5@5#040`+P`?B^`FKV[IF:WQ4Z3I006;3H04EP!M!A[\D^&8*H`*)
M2C188``L(`7"\`<9```4``4T\)]A,`!5@`:3616SV0#E$H]Z!0([\1:P0`$>
M\`%D*D;92+XA`P`JP`-#IE5$0!E$H`49\`D3T0$\(`3RVXEH^R<S`)0B`!5Y
M*PX10`2E:+)"^69H(,"?6086``$LT`#7)`9B@`%7L``MV`(?`'J%V@`%``R'
MI\'0L#4,D`-",`!O\091D`"UBO^-RDF^&I$`BB8&)W,#):``XX4&PR$`!\`#
M0+0`-]RQT0H!5G``6V%)8"9D&K"0MHN0M=,NTV%((H`!32P!\L*?+$@`1(`%
M``!Z10,.C(IB0&>*7NP;#G!+*X",;'L`O$<0"[NA'P,R,*`%#X*)*?E5D],3
M,F-S$-+'QI>#.<A;&$`$1,`Z-@IF&R`OTA2/6L!1GWD-M?L`06`!LZD`X<>"
M=,"+"C"97"$"_]$`4+$!O!'*S"%-V,!-8S`'=#JF:LQQ61NZ#P''"U`"ANL]
M\G(6ZE8`*@!,\WM\O.P'4M`%1``,&[`,/QP.VI`O=^``_NL52+`!U.<OXU"C
M%_H`>"#_!0S%`!90=9ZJ!5"`S<'P`0N``"*@#GW0N!I\LYCB`)U!,@P0`2*<
MSN,+)N6KD@.R``AE=PIP`2N9!R50`/B<SU.F-AZ0`ER0`B.@!'_0#`(35U!1
M%$K;FF!3#+^Y`@XM#F6@%;P1#!2@!BJ@!"<10A6`!CY0.UF!K@7``V-JK:(7
MRH4T36<@;V`4D3KP1:M<PB$)`S)P`R+SM6@``(S#)I5V`V\"$RF*CD.0.3<C
M!'9R3T0@`K9!5P@=2>/PKUO0`3?``^E14PD75ZPC`"#P;F4F`@.P0!10=4P*
M`&(ZTCZ'`#(`@J&<K>KA`4V`SG--1OX7)A/0`;F'!F+@:%1E_]-*M@-H(`!S
MT-/Y3&XCX`'!&M0!0'FN@Z$`\X5<LP(?36+3`:X<%93NTP)*0`;*ZWD6H,DE
M=H8+$+.M769[D0`)P$^W"E6.L`)4-55?*]TF4VEK@F[`+`.ZW(DWPP.:\0%'
MX&AB4$02D%*U"ZI54P9W4`)OH`PJ]M"-(@",-]#AH`,?@`/B=^$/H-&<LI-:
ML0"M6-[6"`+KJMYF6GL>PP`IMP"PI05OY#UNK"\WH`'Y[9T[@P,YT`(A(`;K
M6`!P,-+7!$F@B@V/5`8NQ>#8K<A$L6I&!P(?\`9)6@%#0`-0P"GDDA4AL,42
M7MY'(4TD<HT6,WL@Z7'&H@`=46T3L/\`;Q(Y/W)+"I``Q%W<5<;?6_`!W+MN
M2V$UGFT."PD5Z1IW(WWDTY`B2I`!2JY#?=`""D`&E3P'7L"+4_X-F2T!%U`%
MB5S>4R%-UDGB##L]'F$G"D`$_;4F"1!6R?(C)40@%_#F<.Y9,7``,H`"`O`%
M&2`(N@`'<,"M!-T;2+`I&M"%Y)T<?7!MA>X^'T#'_!D&=`"#:*`#Q+L%6?$$
M%^!JE@Z?M=,'`7`!+7VKRNE!7H!+9\XFBL.^I#!@LJ`":R(`J@[G0S"-"=`'
M"*`"(]`#@?I%0/Z+$L`;M4M2URX&'/[0?1#`P\Y<(%"X<#``(*8%-:`_19(5
M6R`&#%!JU-W_83TR%GTPZW@C>PS+H1@15LAR,G@I[Y]P``56`#,^OP\07RA0
M`"XP`'R0`4&'1%X3JE<!#@RP`'``5P8.\!7L/L-@!AF@!86%!C40M*@M#&^@
M`1(?9_[2>.8T9QMP"7E17_:%\;0'58D1&V!KTUJ@)PEP``0R&.>XZKUU,TZ@
MKQ')\C+P@>]V=%_CS1*P7=;7%4@0W`DL\9+<I$J`0=(A#1(@!1GPX6`F0#5*
MN.\A]53_2B8<,C-B=P-2`'P@A240&F*P`&$O]FD;`R-`!!OP!D+0!4<@!KIP
M%4MTBJ[I["4``ESC%0G`[UE.#=A+HU=3+YM)7;A^?=C=5UY1!EZT_P&&:S?+
M8U\_!FVU;54?40!J$CF#8JR1X9>5O^IGPT`#D`,\0`("`,(>\$RX[W.$[)X;
M\!GW&`X-#?A3406T6>U"XG,BL`!*]W,2L.O*`$")K/LH4`8(V-()0?7]%VVW
MC7M^#0@*"F8,1!V'2@`\#`(,>C<&'`5^E)66EY=+0Q`0.!X!1P,\*3<W"2(B
M2'U_?R)]JZQ]$AL29C,;L*RZ$HU](A(2NL+#?[)_"[C$P[]$#<K$$EL2#1\-
M(@TH(<^LP;@1&Q\+'SHM.N0@Z.DUZS#K-3`P2A,%!RL`"BOX!P="2ATK_CH`
M&/@HTB1,"#%I^D&A1($;*7"X(!(`A!@5&?\R)D"!JABP/AM"/%&QXHDV:`(4
M!`.V3=>K/Q(\?``Y;`,M6!)D("B62QDM$6)*C+A10H"&;"^'S=(6`44?,QG&
MD=.13IT[=_%6"/!@5,&$?`!Z'#A$]M]``"\@24K(EM(0/S_\=!'0084',ET*
ME(&SH14``0(P7M"`P)H#"4^>I'R"`@7/EPY2_K'9DQ6N57W_A$"QH4`5F\)L
M;I#F4<`%CK(D@&0)3`3,#WEF4!EQQ$2C!@@8N`+9U\$&S@Y".)!R(8.Y%B=`
M^%!>`P04!@4TP(N7H<!#,PM6?`50G4>5L@+/IC78MOR/(4!&E(G0H(20`A\R
M"^N#0HH9&0>*BV'_`*##@L^Z9-9'&1FLT`<)&^SV"F:(S:(98V6HT`$M&R`(
MV@9/2)!-"&\0808*P*A6AFJI<5;%`3G$$!<9/SP06`D+A-"-`ZE)$$)JX%QP
M00()")`!CU6@0X,X,C"@0`8+"+`"#!ID8-H$$PAP```(5%E6?P2I=5!Y"9WW
M@Q`Z.%!&"5&4@$*&+JTBX@H92%$"CQI<0`01)>S'0`<M:+-!@3).A@ME&XPX
M2QDV.?!'&6(``,>-2?7QQ@P,""'`#5Q=P%\`##!0`QQEM-(`C6)\@8$?5$`0
M5R54W*"`328Q6J,$AZ$`@`8)=*`$#1<DZ4$!OJ1`A*XP3*"`#%X58*0'_QU4
M:259_0E4T%I<LF4JF"1H0(22GP8S3!D9FD%#&0M$T!HV,##`HQB`J6"7#.P6
M4)P&8B3`GR`3*)%/`N@*((,'?/`A0P'J`J:!NPDH`$(##3``;P9F)*""##2<
MD-&_*BQAZA`8/^#'$$O\`,0"?#F088*B;<`7$C!%LP6A?2B0```MP"&#I>UD
M-P$`)7B5P07#5E&%LE>&]^R6T5ZRB1\CK)#P1K#*)PP<TC2\@0<IQQ+B9*B@
MH`,"^1AI[KD:P"N&&`5X((896O`HKR`**`'"!QR)P(@(3VPQ62NHR"BK!BKL
M%Q0%$"Q!!0\X8/S6#^<),<('#FXA302^N()R+/^_]!'"C64XD,`%34P`3P(T
MR),!`\(60(,3"+P!-+/AC0=MT4;_,!L#A*HVVN7$G+FG$B+(@,1'EVF3VLB^
M'>;;W0&&4,;FW&HVBTW:]M2!`"+(N,I+P*PLC0X;**#"`)PL(80',RQQR1M=
M"#5-`QTP8(://BKQAP..;^%;7R^)L$`'\:S3@0Q+*E"P$D"$!`3@#:I#`'A:
MIR7886((LN,#`VCQO&(HHVY]N$`#0@!`&<U"%B6CC`BVH`T/+FA!EUO>!>#P
MA%?(B((ABN$'5*"#$,"P?C'L2P<*``0J^&$).!##"*BPB1_$P`P%()L'>K"K
M$CA!"$<X`!=BT(4;B*'_"I8[%*P<%`(S'&`=2GC'!#Q0H!\):P(I$``"?K:L
M*P%@:`ZL!.+@$H,4\(`OB-&&H!8$#%Q\(`,H:`$:1I"WPZ3,@ZH0`0QA,J++
ME$$;$I@5"X'WR,I8)@-B>`)/EC$9!]2%`N8;`@Z22(0+%"`&=E`!`!JP!20T
MP`Q'P``0#I""\0F!"K+D@0JR09F1P4$,_``C/&XF02V48`(,T!4#5@>>@;B.
M:+"#@.$>X(2QR$),G-*,GS1#"S8A(00K*$`+3.*`$WBA!A'PP@0<X`,OI.8/
M3X`#'!!3.Y!PZQ=/")1(1I-/8J!,"1D0US,NAP(5?,$,5(B!40()`A1T(`,:
M_YC`%D0@`']Y@`<:<T$7<("#+SAA`!C`@`=*P+B0V*@*7"%;$]XQ'1AD1`$Y
M8)<6%+"`$>2F5D%S9@/CZ`=3!2X`;UK`&T`$C"<<1A;7I`4#,O";/H@A`T\H
M0QGH0``FG(``!'@"$YA`!QO]+D/TL<D6\BF!,#"!!"N3ZJ%\HRUB1"`#+?E#
M"PK@!!4(Q0-F^``J1'"F7WR`.PR@@A.<((89X.`!B'W``&20`R%8@"OT(]F1
M#N""`7B@"DI0PG2$M:L"H`%*"H!.`?#SAIRB9:<\_4'@>)`!.&A@@FQ%$_)"
M4+T$:&!$9=#!!=Y@$SHP@0!RP&H:JIJ&)X`@#72XPO\5O'"&-"C7"U?P+1.\
MX-SB0C<-:8#",_H0E:349`5$4*5`,J`"`8Q@!/!JP096T*\NH(<D4'`8#X"0
MV"_LRZX`<`"G$)``,_"`#$`8)68U"X\F*,&S4$+#!630"`_DH`2E=>,;4>M`
MC&W,#*M\7P<2P#LX;)(GG1K=;VS(``^L2JL$"`-6?_O;-*CXMUB]`E9G7-4:
MKYC&5R#&*I!``P98,'<PH%XT?$,""<"!1]7Y@*5X0$0<J*`*&:(H?1^`@3=D
MP`$ZF,D3&N`]'/0P!CRX@!*:T-)A_@@-)9!!"FA`A!3,@0AS*"U`F'5:\O"4
M$G$1@&^.7``SW,`Z.EK`0R[_H"04-&)$JX'*!LX@!P[8F`!>J.IO.1"&X?XV
MN$QX\8R'BU6J$J"M\PF!%E1@25:<`0H7:"%(5A$"QX4`"0)P(@4@^`8)LIJB
M/!@"E6<@@`\@1Q8KN`$&YD(I,[3#!V*$AV9I<``/).`K1+@!KV<08=9ER<X\
MW<07Q!"2P]CM&BBH!L*N,;T+<`71P!#`'4#D:1@3P+<WEL,9:BQC)@3WQDAX
M]!4ZI6/ZE``$H-8%""X+DPW0Z$^%B@`?<C#$&/"A`"!X9(;<)TL,\+H/.CC!
M"710``H(H4!408</#!RL82H!#3+PW)%2D(#4)7"!UWY=ME6@!!+4""<G1"I(
MJK!;_TVJ1@6^?L)5@<OB+:@8TC3^;:294.\:0X'&53V!-%@=@MS0(`/(2L8P
MQL@768RH&*ZY7@ER()M76B8:?5#!"%0@A&&KH!P:U\$-MI*`=(Q\Y/!``QJ"
M!245,$`+!<A!"CI0A02V\1`QAV;1.#&;;W@WK@Z8(0"^X=`%`.`#M$T#$X3%
M="1LH:H.D&X:T,"$&H3A"C#(].G#4(8*_#8,*M;"&PJ09@]XX`:C>T,)$*!U
M892!#U#8@EAU'($Y1$$*<M'`+B1`T1$$0`"BRJL#`M""%@19!O_Q`11`T)R_
M+&!?`+Q#!P9&!"[L@"*%5Y8"FPG'.T,@!MR.:TU"D(`,B/]`7!L(@+M*,*((
M9`@.?6`2P94&K2`!$2!/C?0'9X`@92`+9P`"<@!C85`W-L<3-A0"57`#`!!P
MK-``!>`#TA!5Q%<74@`!70!7W,!\,G`4'S`"79!JY:0#03$7":`#38!9"2!H
M"5`%\'`!!X![%]`#<U(".!``;'1XX3%AV,93/)``%"1_EM$`%[`"#O`+>%,&
M'D`WP+`9+]1'M,5"&1(BM+`%?0`"`M`*495QB2%;T#,_P7`'"Y`-Q+`%^U$]
MM!`+L"`+(J`"#3`$+I`!:J(:DW$F#J`!-[`"$?`!8G`#%T`!)U@%.I!,@Z$`
M[*!L1*`P1,!$#!```;!&Z@=S2BC_<P[T`.+TA%#(76+0!U78-)PA`%H`#)FC
M:AZ6((E10EDT"U"S`;KU!*A`038A/#0A&L$@`N)T$L*P!3P7'8OR8RX1(5*`
M'@7@"FVE&C0BA1_P`05@6!:``SD@!J;T(TV@?5``!<J&`$00+&H&`)S(B>IW
M>&?1?CSU@C9D2%#8`A?P`1YQ31)0!L'V!@T0*!L@`-_W9SKB)(`Q-F(`+XJ#
M+@4`/0'80M&S('<#"Q>``):43Q_P4!G0`M>S"P.B`LA'!8W0)ZS@`"@0`66@
M`3)0!4(P`R&5%Z91*\X!!35`9BW5!$2@'0)0`.O8`H:'A$)#8;#S`/^F#8=A
MC"W1`MG1_T>=,@O!0%X@P!\>0`0%4`%6>945L`!9N0!<R95;N0`?!#V$DC(Y
M)!Q&)68<""L-\`014`B0\V,V(@$JT`7A<P-.P0T@D4\RD`0JT'$4,`-I1`<G
MT!PCYQR5.$Q;86P9T`$?P(D_B82)=V=D<!JN$2+OA#LZ5@``@"'\AE0HL`+?
M9QH"0`1869JFB95QF!DA)`Q7TQ<\MH$?U`KX`W8MH`4:L);2T&K1P(>;,`0C
MH`3,5U0V$0"64@(4$`,SX'<74`XMD`[C.),UX#E0HI+SP`,HL([MV$PZM82P
MPP,=(`TVHD@EXP"&HF.G00N="0Q(T!'A*0.G^9ZH:87#\"HJ8_\CY`D`8L`*
M?(4*5:`PU2$#;'<!(?&/(.$*'7!+YV$%$W2'+;0%0,4#`X"<&PD",@`".N`#
M&)JA*T5@ZS`#,J`%$[!;Z]B)GVAM=2:*12,$4N`+5>,:D\$2Q*`#`O`**^$1
M'U$C**"5\`F?"_`+,11#>$@?:O('NN>?&:$?+\,XCG,!(.`X9]<^*H`!;R$`
M2F`_=M,"^.DN9F`&%W!%)_`!`H`&R5$56)%9$R`&5'DS"Q``U\F.)8IX0<F=
M16,&4J`:P"`REY.G-T(,%F$[PF&CP-,7'^">._J>/7H9)[0A?@(:5EAB#,,?
M6"2(/QH8D^<R3:(C)>!>?B`#(A"5?./_+HT``)FB!-=H#@`@`V/*?>M`DS!0
M?^9V`$1`7C+0`".:G=H)CPXT`TZP@Q\!I-NP`F;01R/D$H'Z!R"@HX5JF@O0
M`+PAD2H#GB$B'!*```400S3:$Z@0`6:0`C,S.GR%`HS@A^&E(V+P?`9'(N1Y
M`A&0<1.0!RV0H<A6`UIA'71!!,U6`D<P`K2*G6]*9[C:G5OJ+R5@!@C#%X7"
M@>8B#9QA-T$J5EL``\B:K*AI#<```B7G`U(E`@$P*S0@`G!0)<3AHGCC"BE8
M/QCH`0R@,JJ``K0A`P!P`LH3`E(H3P%@5!L0`3BK<2#0`RMPH3I0!6*0`GE0
M#S6I`2-5''S`_Z8MP*_,A'B1R5-OP`!AB`*;\Q"CHP1($:07T`%&A0)?AST2
M^0<`X`$2:YJQJB,,]@8XH$M$40)]PP`KP"Z!@1_X^*).2@P-$`TS!(`+NP4(
M<`%JXK6^07,.$`%B<I*)"`+41T8;]GTY\"M\<``_P@-S(@.;(P3[ZJ9-Z[3_
MVB4;PWAW,C\)$@U:PP@W(!@9```H@`UQ:"-.088RTCPCTST16[85<(DKP``H
M\`!G<`98@`$(`#/S&8`HP`=B$+L^6B.9`2ME,`,:T$)1!0P>V"C!(``TP!<X
M2YZ^MG$GX`'=:A<IP8A!<0`YZ`$J0"F86ZO]>A:AJ'AM<2IBD+>SX/\:6\`1
M,JM!&Y8O.W,`B8(``<`XE@,K$/D\:%"[[TD#-(":,Z$$%$`'69`%T44!6@`"
M.+$29"@%!:`#S#<_\.0XA\$2+;`S/N`\2"4"&6"1)_0'2T4+.!L!7[IQ/[L`
M"(`.">`93H(`-:`$"Y``3D"5%^`>;:JY[ABG*(H0AT,%2T`!?.BD@0M"-P!/
M(+0!"(,#-2QH!:D!A-`?5?"6.9BL6L`&%(":S=D"%`![9A4&$$`#,$`3B<$*
M]A.0`J`AY`D3N7`C&]`!69@Y-J1J&[`?5\,**%`"L`(YJH@<$1!.&C"F55`#
M">`!=S".H)D'/9`'/,`'<S`#F4NBFTO$[FO_Q$6D2BD#"WWQ$PN0&M]J</FX
M5Q^`';95'0LP)W-R`86J`6R`!:@)`B=0!12P5;R<QA/`&WWDD%50`J.[J*_@
M2"C`*_LX"V@2>050-1ZA`I#C&WW@PA$P5V:@<1@*`BO@=RL5G0FF`4)Q`3,0
M2$P+E,XBE%VR!!;S`RH`&J&ABB'P`1[`$6/H.+,YLA+``#?P.Q.U5]:2K#00
MQK<<`0J`!>WF!19``S5P(:+!#1N@`@D@+L#A`$5VIQOP!@M`QVQERG8)*S3J
M``GY`>1YL^K*;`&09=MLOC7@`TJ``#8))1[@!.0<Q)H,F>DLIUR2**"!5,5`
M(W^QA:OV3GU0/W8#_QV*U*"JH0$&;)H=T`"E^1]]``,'C06^&P(T@`;?@#]_
MK!FG6@PV@0V8(@:X(B<,L!I])`N7LZ:J6,PPX`$X$"8X^P$14``"L'$?L!Q:
M404T"49C!@^UQP.9;*MNU+D)`0%P,00\P&V!*,H2H`4\\*,X,;+7\`?U-QDM
MA`LB,"3).@``$-4@\`<GH`!:P`#Q10-:``6.IQD>Y"=/H`.S.BM'6AP"8`9O
M$``>L$&&$KMJ'0*O11-_0(8@D`+1L;3A`!UUEW$8"CH@T`2LV@[3D0$'H`)#
MU:;MN'Z%K<X(@3@0!`%4H`)_@#)]9"B_H`%O4&H^$2]ZXIEL]BM=R9764?^5
M/%0=!="5L:H!5W<!-Y#5!I,+B,H*"))/)2"Y;R`%DK.H?["U(+VGPA``*$B-
M)!``-W`'<C(G'9`"_T$.[RJC"M`$X7B84,(`:58"#;"T)&IXH&C8""%-JJ50
MW<#5HYL!`?!XVQ"0'7`2.H<*'W`'*]#-@X'?&4`#`A`$^$T#/,(?'7#;`0`'
M0H`&>H4*XAV1-?('.OP&PJ,*@@@32N`!;X!6RO"WT;`9&Y!,4=%4?7`"FP,%
MR!$`N6PI5Q&=.0P="V`I1%"$;HKBMZK=*][=+OX\1-T'-\`X4#@9;>+?PO@\
M0)$`Q<`9?V`!0^`:(215O&0N8Q@-(4*>OA$"XV?_5PLF`]V5&GDH`7&;BM'#
M$GT@5+(@#4_5!RW0PBUPC2H)!1]P`AW`B,X-!8NL!$BT`*.S`K3RN$I>)7B>
MW3J]YRTN9'@#HQ'`J1RX#87.U9:S&<#AVPFP1<%!`11PT3\JAOAI#VC`(V:0
M+X&A(P*P-C6``G=P`[SGBW<##(-*")49/5P.#!&`P2MP`D\0'SAK#MIZ`*81
M'1A:!;/2ES_"=V.4`U&0!SG``XWIB4#YM%S"XH$C`"NJ&CY:#$H@R%D>5]RU
MHO(!/26M(:_E%-J``E,P`$[#1\'0!QW`!QBA`N_R,F[#D9&3"HTA`I:"</@C
M?+*@`/5M#1*IT47M@1B1_SE]\`&Y]<(^X"3%H036=ZD%`**>0V!,DD0>,`=O
MUXE'F.)ZC@D2[P>+'=RM,)$,H`)=W1)O)07(T].(80R_S2@BP`(6@*AA*XT@
M,`(8`IYYZB?1+A+!L0K^`0"ND*>N,+I/0!S8\!@J8`8"<0,%M,5-T<)]0'UQ
M<@(M``5Q<KH,@&R9%4;PH!T3H`%\T&;BQ(E;G^?%WB6<``32/%'A"4\ML)(^
M'8C*\$=Y&Z1Y2,>O90%^@`>^SP8LP`)U,/S$/_QX0/PF$/PL@`?*3_S*K_S,
M+_QU8`(/T/QU$/R^'P3#'P/83_PQ8`(XX`9`8`+#'P1XH/W&7P=!T$/J[P(N
M8/\"08#^RS\%%/`!\@`/"M!F(Y`"P0X(50B#'86&``!Z-P8<!7Z/D)&2DF\*
M8AT.6PU]6WUO"R@2?QM_I:*EJ']O%TB=J:\2&V(N!FPFMT!K;`:\!G$FN[W"
MPFQ[P\5[P</+O&K,QK7*O6QQO<G,P]"U%$H3$S!:!S(!Y`&#YX:'B8N-D^Z3
M$%T%*3(1(1L;HB@,&0T;6Q)$B#CU"@$K5Z]0!:102PT;-<#6N`@69<>.'B:6
ML4FR)YF;'L-R6-PQ!MNQ'7:&K>GAQD"4)&ZL"+.S(U@*F28-F-@QS`*,GPQD
MS"AG[AR"=(40*6+DZ)U3/T.&\#C`0(($!_CZ2$!QP8S_"(`"":8R^`=A0JT6
M=OU@XV8,EQELNL3P9<1)FQU<.NHR4:V''996C-SJM2-*FQ0\]ZPQIM<8FS5Q
MV!1QHZO7&B,R<Z08DT2GB3U?BJS)V*/D+3:H!]MJ4T0:BVY:^`@@6A0=4J7L
MFCY]]X-,#QI/_E@5P4E"@P(`0DCHDR_AGPX96O5Q;HHAFQ]V4J3(<>"+BR^H
M+WZ)W&-'D1Y&=ER.4L0(>R-%<.Y(LJ;BSO1JRA?)<7^'FR+FY4"-"6W4U48/
M43B1`A=&I)=">T5PT0,72308A14[-(A#%.EQ((T!(*!Q`PXA-$"444?=M@Y3
MNSFU!`5"1+!%&1*$$$)96*U0_T``I>#C'`#1F?7*!GT\8,`>/PAA!!A%Z,''
M&G`94%^3:^S@Q!A&Q+&#%46P]@67<2#(BWE%%/&%&X;M\(417`261`]Q),&>
M%8'E4&8*\-WYYF1?^"?:=A/F8`6#6*YD9TRM#2-"5U*0@<*)1B'5`6XLM@B/
M'P\(((56L9""A%9(!/75$R@XQX``94U'G00,[=&%'45P(*L5.,#%QAB1Y2"2
M%7T:L&41L+81F`$Y1#&F$Y=]P6"%&)[IGK'4=.E&EK<4:`4;FD71PX-&Y,`:
M&U'D,.$.FK'9`[;HQ1%'HL)4P0<"#<0+J6WI4-J.I9,,\4,``G"2D%42)"`&
M)RCTP?_I*0*+@(]5J*@:0A]IQ67"%^5Q8<((;1S9K1-&)+%EK[^N442"1A!K
MK*]<N-2#K@P&YBR#$B8A;<F\7);92^A9%$5HX(KK1!$*FHLMGDFDX*$P,13`
M0[P-/%H.BI+:JQN^D.@+@0`.+/?O5A<P<*/!6JFJ@1E:Y0/PV4]@-8`M/+3!
M5QL"\.",`5^(&T6<;=C161*'F>!$#F,<8<`8.,%DP&%V9-O%$7:L<42<")H0
MQ1KU]1)'%"EQ07B%3BR;`AN#.N'&WU%$,;H!;5J!8`["[#%"HTP[30[4*BYU
M+]61_("!"LN)50H)H6R@],.EB%!*'P*8T8`(RRN\`599.2#_@@`4V(+#""J,
M0(8V.77O_?<Y8=L@1N!CP\;K9##=]+R$U)X;[I$,0<40*A3LNW`!2:!C"V*)
M<@$1"[C!!3*@`2TD(`$,8(`"`*"`%:B``0$8@`NZ0(8NN"`&,;"#"S8X03?@
M``==&,`/IA`$-=0A""P(@@I7N$(UE#`(>'"A&H!@@CJP0(8EC*$:7!@$.P`A
MAGA(X0Y-X`(WN*"$,3@A#TNHABG8@84LG`(65G`#"TA!?;*K3?OJM:+;X>X'
M$)C?&P1`G(1L80,B>(($`%``$)A"%!+(``-0T`(E`""!!\RC&00F&S'X\8]B
MV&,"]BB$!#(```_\0`!\L(($"F&/_\\K`SXF^8^MH/$)&V"`&"0`AS,NYPF>
M!%@)`+"!%C#`#!DH0`8$(`8`M&`+$2@``QP0@1;HH)8Z`$$&+B`&$/B@"CYH
M0A5@4`,-J,`"3+MB%FG'1=M-C6I@I`*F1H``YW3J1A)@0`$^@#^!R%$"6\B:
M[[3RAQ`(P`<DZ%2/B'1&(H6@G0(H@``$D(%=7D`%`KB`5?I`''X:+)RA((X#
MJI`!"90AE.W,F@/ZX(%5[C(#9BC!!T)PT`@X``4\R$`$<(E+$)CR`A=0`@AJ
M0-(:**``C;IB[-B7HF:^#WY^@``8P8B###@GC6?$GQ@R4#8$Y',&?RA#&?IP
M#TH2"8T":/^")5&1-7["`90;P&0<>8""$!A/8?<0P`="`1"`J9$47WU"`RX`
M@NF$``5;>`(<2O6P#GC`#`B8C@1TH((R/$P$F?B``RYPAXZVX`2U_&4J`>"#
M&D`!!B40@@46J]+U/2U2[JL43/WP@T=0P0P=*`M`1O$'@W5V.B)8I56.H(4+
M%,RSQVM89Z<'@@B<156>G8XL$M#9'AD4!1JX`V<;9J.KI/4)[^S:5L`V';!M
MX08KL.H9#<:[AO5AHQJX`!T<$(`36/<$(,@N"-@(`Q^HP`/:LZ(55_I8>JG#
MF9.=A`L*`#;C;79(7-%`!([`/!%\ZGX-VX``6DL=YV025:F(Q1__--`!KZH1
M8*F@Z!8RD``'_,'!K^@#"HB@`ZX29P,JB``)BJN5"'S@`K9L00M\@-T(:)>@
M"^@`$:2PV!8W=IF0=:EDTPL!/U#A!IO8PA;^4+"$($$"+6!P"4IUL/[R<[^N
M[>^0`'`!YSK@81J8`2FL8B-.I8(Y3Q`8/B#\B@1<X`F<0*/!!*`$(HV"2'WX
M@`8$$($3V+*U)CZQ&&3`!Q8S=KSQ@K%YD]+%9U)M"(^``*!O(`7GI79(`4%`
M`630`H/MT\CZ+:N2A]2!`CAW`Z%(@!".JJHS'\S!9_!I.8WW"A$@YYV8[.P&
M-)"`HZ)Y.1^0P0=.H(-:;U2[V:W"`F;0_V(7DW=V,3[O2],;4T";004`B``2
M?&1&@X7@#0>0P$891ATBB4`,,$#MI$?QAAN0XK.8WH("!$#)JV!%KE9Q0-9"
M2PI2IT($"Y`"6N]AL$QF@-..-I@8-$#KO]X2U]DMP``L0$%?YYFE4>OS9"%0
MXY@^8@DQ$(`'9M"`K)GQ*U=1@1(ZJ[7=IB(?UYZ`:SNMY`UT6R$!*8L2B,"`
M!'Q`($CX5-GZ$"\X5*$!`M"!@"-\`"D(IY]](`$`2B!7L$F;.418@0YL^6]<
M-T'@O6;LK[784F'/F&H,_P$8:TP%'O#`!:AD=BH<T(!P.N`#'ABY;+\-BVO#
MH+-(V/8H`F#I-_\J;`LB&*,*B.`!&2P@`%7-[EB)((/O$L&5-WJ%.6=)'$S>
M:`(EX/AR.MP'!RS@#0Z@=:VUZP,05`'J47\QPB/K16(_0@A)4`$0>%`",0PD
MK<S)7UG&*H9-:/LLJUX!R97,G`A<P'CX_>QV`2`#&7C``RHH@!BJNIP$%*``
MF_B#"*JPTU0*8#G/Z^P6JE""WFV4N"?HFG5%C&N2(D`&49?ZP<N[1:N7WO0,
M9SBF5&`&K@(7*Z5XP@HN4`7@[_[*?:`!#%!;V\8<?9`!P.<<)"<"+]<"("`"
MRM$)UH8"-U!]*H!/F/4&'N!HI[`%'V!I`?$!!O-]$=`!.><#M?8!V@7_!0SP
M/^F'9XX%;'LV*0IG>I>"*78@!`AH%6GS;7$D@HZF9,LA@`2X;42"@,+A')\B
M'#H6`58A<\*Q,&5Q`V9P1<:S86DF`P#`,$57`,1A;ANU42>``"KP`216:]95
M`PQ0`LE'!NDG>NQ7=7R&7C;X")558UKG`@*P!'<D`C0"/<LA`Z=%;:L2@`,H
M=SWR!V24A&<Q"F?#;,Q13@!1<2H`!<!E(_A#`C-P?:=`'"B0`0@0"\\U;9DW
M`RP'`CK``\?F`0OP/P50:6\X=<SD?GY&8S4F:'X@!$"P!`]0`@$@2:>03=UW
M>_YU#V)`6T58<LC#3<&W<P+A(_F@8^]D'-.C_P!P4`;JME!$(@,=H!4WTD\(
M9%7/Y0`)0&=.L&\RP(8T((!*4`7#5`-5<`$\$'JR&&QS.&PV"&A40`6")@0S
ML`1+4$AV%8P=(`,[-B0*V`?'F(PE]P=B4`6,F!!L=SR=%C:3M$9B\`1@9C\1
MH&BB4!QR506"&`#UI`(""`-M%@$K,`$@$`#EYP.%56D!T&MP*(/M=X]75X=0
MX0=```10@0->T0`?D&=OD`(G<#RDT!R=13Q1Z$?M)G?+808*\'^K0H@](DF9
M@`+(`0=,:!4,H`&;17/N]0<+``#QA$#\H#P.T`*UI`#X)`#`5`,P25+S9&=D
M4)-4EW!TJ).3L'4Q0/\$-W`#"R`#@4D$*M``9W-F"U5E91$06F`&$.8CS&$V
MPL&!&V`&:`"!$XF(U!%+&_`PG?")`-``_%``-W!O6Q`"&N`$'L`#<W``(_`%
M?%``(=4"`+``%F0&VS124``%-=`$%R``BY4^Y-4"*"*'-+B7?"D)66<&;Z"9
M60,'8K``LS$*Q'%AY50*9X4"`M-55BD0JC(<(B`$:/`':L29U,%A%Z`!6"8<
M&M"*8O!R4G!O*#`#!7``?"`40(`!#X`!0.`"QD<],4`!%*"!9.:;3:`$32``
M)6`!=SEU;V"/R8F/R_EP5I-1F4`C`?$/VH0<Q7$CST,*1!4"6B``WLF#RQ'_
M`79T2GXT`@+`!PD`!]F'GNG9!W2'#Z$0$`-A(P@P9W2&`P,0`Q<T!!C`G_N)
M`0,ZH%@PH!+$`_P73$T``TJ@`CP@!7CY!A%ZDQ.:D\L9%6#T`".@!-)S(QW`
M``#1!T!R`0F@!%:Q`9($?"*0`&2$`(B00&9`!&PH`!I00`>$!FBP`IU@E31*
MD:7P`2KP/"B0#UL&!Z8V`D1P!#,04_'W`)1:I)9*H)A*`5@P``.05$WPF\1$
M?`]Z<"U@D\@I-14J"5%!67XP`PR`:58A!BJP?"B@,"N03P)P!U\83J*0`!G`
M%6_)2L'I/&WZ6?VDE(/J'+=:>:6BD9QP5KZ:3V:P_P1`\`!#0*D]6:0Q<*D4
M,*`$RJD:H``^H`0U\`VZ]@96^FONJ*5;^GZI"FA^,``%0"2Q&@-"(`/05U4;
M``?:=`$`\`$?4$=*$%U*<`,UH&-;@7,%4*M!&`('%E3!EZPMH`)%):(R.A#2
MU@`JT`5+\`,`2:G7RI_<ZJW?.@!F`)>]^0UV]'>-1118FJ5Z2:&I*JE0(00@
M@*-B,`!A]`FNYUDB8!`W4'S/-[0J$`#N)GW:M#R*JJC[1!"2"97'@WV?>%5(
M```>@!P`\P$W<'QF\*646JDBBZ292@&<.@`SD`<90%(_,0%*T((MJX$V(`9O
M4`!$D'`U.+/N,`#=9Q4F&/]_5`"7#,F9^W`#KXI7FUF9ZD259D1OV24")4`$
M!3`")1"8,0`$QW8J%1AQ*D`%7]NY_6FI&#"V9<L#*J"VQ/0-JQ0OAGH`1."J
M9'@`+:4$/-"NM8BWCW`$'W`5$L`'J]JJH9BLVBD!2G`!-%!&IH"PI"8!&AFQ
M`795WZ4"0M`%^[B/4`%H4C`#;P`$TUM9GONUH!NZF5JV7<"-Y:H$2O`3"E`"
M#7!%IU*JY&`&!R`(I%>[MBL$`Y-&)8"+\2`&.96L!/-A0X4_1E<CDWFX$68*
M3^4`DCL`DAI_$`"0U=MP#HPIW?N]HCNZ!:`!W_`3/X%L\G(B';"FAK`"B("J
MMNO_#@^0`58E`05`!4L04S_`!Q%@P'(7`A"65&<`,"C0``BP`FB0```@5)C&
M>ST"!^`D!ET0%4J\JEFG=5KG<`_7O9_+K9A:M@.'`RF0`1S\#0G`!R92#@Y8
M!1':`4>1/'SV`C)[PI0E`$<9,%_`C_T(`(J[;6IE%3K2!ZU@'`(@0$(@!%2(
M`AII9,=S1@PH`#$@37;XQ$N\JI4%";Q8P:![P65+<'S``##@#3!0CCL<`.XK
MQEC*`W?``\=GOR:LQKFC@[G;![BIQ$!0`D?IOZ(8`?/T>@UP`Q-%43I03]<X
M:=/1`#PP1CP`1I`PP3=8O5)LP>$[R8LUMQVPMN48@P%PRH$(P')OH`1B($L'
MX`%W:\IV"`1O@&Q],*4XP`,`*03(.*@SUUGYM`)KI`$/H[L?0$\TG`HK("YY
MP`-0'&CRUR)2/,5%FLQ6W&(,D'P_H07C0`ZEJH$>,$HMA0@S<``"8#L<H`<4
M7=$6?=$8G=$:G=&R\@(O("L<\`)ZT-$>7=(F?=(HC=(=3=(G'=(IK=*RLM$R
M/=,8_=(I[=(L7=(@?=,AS0%\8`!N,`)"/=1$7=1&?=1(G=1*O=1,W=1._=10
- -'=52_=1.,`)L$`@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>31
<FILENAME>o68633o6863310.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863310.gif
M1TE&.#EAOP"]`.8``*$[,LW(LJBGEMO9Q)F6B,2]I?___LG$K+FTF\:\FXV)
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MX\?)IM:ED-S=W%A=841%0X.#?.+DY,NSI6%D9-/+J^GGU]3,K"'Y!```````
M+`````"_`+T```?_@`:"@X2%AH>(B8J+C(V.CY"1DI."#2"7F)F:FYR=GI^@
MH:*CI*6FIZ8Y!ADJ::ZOL+&RKTQI3"!\3+J[O+V^OWQX47AWO,$J49C%MFD@
M:<%WK<@9T<VUUZY,*L[$O;FZW[K/M7RSYK*7>'CG[+$9R9EX(.KJ&3:K1PGZ
M^_HN_O\`_T$92&3@AQX4*`Q)R'``0PH#'$:<2#%BDBX$P"#X`*9AC"TI[O!H
MD,`?$0%+\L2@D.,.'1X+\AQ`L.7%`A<R(D!QL0##B!\O"C"XP@!%@``,2!Q=
MPY3I@0,=H';H4*!JERX+LFI%P)5K$3`:/MQI@*&*V;-HTZ*EP98MAB,V_S;$
MM:&@KET5(_"QX<>W7TF`$0('SBDC@0(,5QXJ;EBQL<,8&$S(D+&$!9F)76ST
MR`KC1X,1E8]TH7#ER)T[+$84B0#C1(4*(^[T@,'C11>B9(@R8$J"08`<`5J0
M&$YBS=,#1*9V6%&U>0&M"[I*/W%'`9OK;*I<5\O]+%L8#100F+MA@UT%*NYE
MR->W7T!_!*$4)$)?!GT!(R`ZWK]_R`<$!>'P`0\II!#1%00(\$$*:T3$@'X0
MD<80&4L00,`:2[PPP@E+G'!`0DDPD`,+%7Q@(@%=%(6";T>U>-Q3RE'EW',+
MT+@`&]%M9`-V;'#%8W?<80"#`D>(1X`"-L15%_]>^+3WUWL`#20E#C)0(0,=
M`N3`WY85_2?#0#BXH,$!!`QQ8`PLZ+<?A`YUD0.(#UW!0@!7%/%!'DL@X(\&
M-MS&P)\M!FK<<3%.-6-5T/7X`PT\8@=D=S1404,%#=A`0'E)+JG>$67PXX)@
MH`XVV:BDXD!%!";@@,`)6UK@:D2NQAKK"0)X@`,.'I#@0:HK&#B`!5Q6I&8-
M#D5(`0L6VG`"`5!@T$`*+O3P4PI@(/7GG\01UQ2,,1:P`G/-)8`H&QKD@0$&
MC::;W:.2TH`!$QM<JJ0-3*[W9)1$3$:??%!X`,44'@0L\!0X`+S&';#*JO#"
ML@YA@PP"MX'K#3C<0,#_%0K_^BNPC1&PA6,)!?#!22?\4`$5'1#P@@!'Y%$%
M`@+`P`*@UK(HJ'%1=2NCMP7LT9P`>>2A00+JILMN%7D<<>EXYJ77))2D1NW!
M9`(+C&O`!>0Q0A(,=RUK#?E4;,*N'DAP0P$*+%'$QA80"^P"8ZP-;``\\-#$
M$:PZEH(&4WC<Q`@N$%$``3&$8<-`4PC00!XI'/%!!0R(<052.2AUU%.#%FKH
MH5THD$<%1:O[*`U%6B@7>GFM]U[4I$Y=]>MDNP##`2L(,(/770\`0P\2Z'J#
M!P$4@($-/Z10`0PQ*#Q$#DL<D`(%-5BPQ`CZ"*#$?BD4(`,!/YBL4P0"_#`"
M_P81E!$!'4SD<4=T#8PQP@>M+6!SH"]*U6VX,8!W!`P8$%T!@:+KC@8DI;1X
M-4T]"H@`0%@W*H%!#'8>$`X.*H``#]P@!;?#G:PN`*P/$.`&)A".!SH`O_^,
MC0!+`(.#+'""$31```9R50H:P`83+`AD*9#!%&"PA!XD0#Y$F*$_2)6`%=#`
M!0A`X1VZ`!X;?&!F2+E9_>[G'#",8`0\J`#2PB.Z=06I`04<3[V.\`\&4@V"
M`9-`V=3H`0%@H`42,,$2,!:K"W#0`C/(HP7LR,<\VF`%)A@;`A00@R6L(80(
M>-8"")"#!K!`"6N880I<%8`A+$$`*_@!$[14$080H/\@-.@!6:I$!1H<#B>!
M<0$44DD$?WR+"3SP21%2Q"++!6!0A-)<%YS#1":,00&@"YT7TZ*X`M(+@0ID
M'1I?)X%F-A,'!?@`%<K6`@QT`8\SJ`$+ZKC!.^)Q"!K8U0%&,(,4".``@9S"
M&FP%@RW\8`EP@-@'<C"#`7A0"1H@0@Q4PK&)L$``5)C"%%)`@!7(`%=3$%5]
M!&,EP;B`"@48P0ML(!K?_,DH+JJ?_93#G&\50'$-(,!>A&D6#;P``Q6@00/N
M9L`Q#O&,RV2C,V>ZPP28+8+1'$(>7M"`'W#P=@QP51YG8,=O:D`#"D`>&6BP
MJQO\S@-MZ,(/!-`3."3`!&#_Z,+M]G8"&9B`!$6``;#Z28$/=*!@!#@"`B)P
MJW]%P$I4.M5`)A.X?"D0##9X01%T<RV:+46C.NN"C#0`!AB,``%%0ZQ9CA"%
M.^R`2",`9KR<EH$$CNIJRUQC,\N6QO\X]09FN^`+'-O3#RPA!5OXP!',P((\
MY)&/`TA!#&*@59VF(`"A=2H)IA#"%/3`!6`M@JM8\`$-4.P&`1A!/SF6`B(4
MK`,470(=#DI=PGQIE6\-S*E4"04:_.`$N2$*+8_BFS5<;HKWZ\`NGU.!).5!
M`1I`0$I[=!V?**T"XD'I!BI``,H>(0)5NA4:9[I9-1I8OC=H`0@5O(*,[(`'
M&AG!_Q%>,(8C_``-'WC!$.Q(U-L-U8Y*&,,2CG!(LZG1!&L00`\0T`*8W>X"
M7<@3:`.0AR&,X01#>%7V<"6#`GB&#E2X%0[DLX)]368GHTIF!%:``":@I$-Y
M^,`YBY`#KK0(E]S:Z,ZJ@@`PM%=]1Z`4!A1`%@VXY5SZ[2\"<15DS*:1P`0&
MK02(H``2)'C!)*#@%'IP!!)HX`=CX(-*/C""%6#@M43EXP4ZG"33,L`$SHQ@
MB_.P@A:LH`*QJB>*IK``&.`SRK#"``%><P`R,V$*!TWH&M@`QB,4P*Y?>NDJ
M9;`"#2R@"&.NT0S%YT$"W-(IZ-7<H;*"DCN`X`A,.`)8VO^"9OU2-@]7NU4+
MTDAM.&]65Q\H@%-;()P;+"`%$G@""6R*`@E8^K,)%H`/:L"#'B2:PQ>H@0#@
M"$<"0[IW?8"C`-C6MA3`X`,U&`,";B"`Y`&+!5L091$.8*O)4"&@,EC`/!M@
M5E(!>*XRP$E./N6/`A2!#0)P`1CR0+\I:GG+B().=#!0A*,>E=DH5?,J$A@P
M7-7;P-9N9B!;X,;0<MO."CB``\0=1P=P^^C<-H$`:D";`,S`!Z_E<(%8'$)K
M*QB.DR3J'BV@H`&0P0;:7H,-,LC$(K0Y`@*]5?C(G((:#*$'%D)6OHYL\>T"
M6(&"F7"@SAOL0CE'Y=)Y^9G/50'_RBJ@YCB`\YNMOH`*E$W.<)R"`G`;VF8Z
MX`9BZ(,$-(^"!?Q@IRPX`1B&X`,[/L"..2B"`$Y`+<TZTP'-Q``%7HM'H9+!
MN,A50`YBU8,*A*4"$5\`#5(@T26TNPLDH$`71E!A&`#HNG3E.-[Q[@^6'<`W
M&+T<+C6WN;]G13H(<#G,"X]``6B@8A:<Z>()K"L"%,"9"C9W!7@'>PG4'P4W
M<(#1)<`!T.+H!7O3>$-P>HNV`"?`>B<0`X]#8"U@="20,BQ0`S]U1P.0!R30
M`B90`#!`!D+%`K+%(6.0!TYD($,0`S86`P-0!'FP`$RT!#"P`%%#!%0@@ZU$
M?3SQ@D6Q_W?`EDM^YWW?UQ7BYRZ$1UFXT`5.E7XYQWXIP&+UIF`<(`$+H``+
MP`5]\`1/8#8MT`=:*`%:X``H@`)5R`41<'D=4`0$6`..UP>@55@G<',2@`*0
M1@(2L`(P4`3OQD%#0``*%D**PV^N0@$V(0`(<`0+$``#<`4_P``#,`0",`2Y
MT0,]`';6E4PR("GTL0+^\`$_<'WS<V5]UWW-`7CA)WAG1ED-P%OF9@)REH3.
MM$@S-0&;IX5]0`(6\H03X`"RF(NYN'F\&`"^-P,/,`,V@'_VIWD2`(O.=(&Y
MQ7,PL&%%=04L=H$>L"`9I#!Y0`2[T@&L1RR7$1&-E#1CT`#,4_\`0W8J,N@"
M/'`'2=,`-T&'\D,SV;>#W")L*0<=7!&$&.`NE,4$!:"*9,.*@20!I2:'!*:%
M6J`%$C`X+:`%NMB0#6E_'+!(->`#+<>+Q@B+)J!_))!O].9M',)A$3@"/5`Q
M)*`2+."'%L!$!6`K*S`"*$@18+`"$Z0$5S``R((3`_%PB30"74`&.4``#3`]
M%P./.KB#.C,CHCB*,+>/3$60JVAM@>2+"%`"QFB1<60"?5`!`F!_;XB+#JF+
MSG0#'%``%7`9JH=)",F+O4,"#D`$Y09:".`9*;!HRU<FRY(@C?<L%I`"!R`K
M8095([=-Q#(`-1"3)J`!>4,!*6`E]B'_)5`P`@N0&"PA>F#`5P&0?;]V`%AV
M<CZ8(_=H9FYA>-T&6FX(9["G`1@`AF"YA;/X1PS0A;'XE5^Y>2OP`2)F@B,`
MAAQ0E1*0`".P!FI(`@WP`B88C$NH>F['4]P6%O_T`0:7!,X701B@8?UDDQA`
M!!7PDHK)F%0@)1%@`QMR!610,PQ0`M=2E-O"@\HQ;#\XBB^'`<]&`PA@8J4Y
M4UI(BU.@>;FH?[)(`@M@`RX`AINWD;*9BT_X!%_H`!S0`0NP!#60!\9HC`+U
M`4JPA`J:)$6`>L!W`ZLR`TOP`7`H`1I``!I``BG``#,P!&UX`T!WDAH#+`6R
M-@<"?%]2)3+`_W#T00`ID"$W1A1"T%=[MQ18=I1(N17N"9I$R`,@0'GW5I!:
M,`$!H`#O%Z%]L)NRN%DN)`;EUH4%"I8(V0>WN'D(H`23-QQ3$`"9D0(G``-H
M8"YKH($]\``/D$)L*0$FPE-8Z)M@X`$%$@,]\$:X8@)$\`'7Y"J#69TG<'Y#
M-BH0]R4(D`)9L00Y<`5\E8/TDYGS&"/@$HKMZ9XTL(]J<`0Q0)#V*8L(V0,:
MD(4-.0%7:@(HD#)@6J6Q6:"PJ(7U]X9Y$)0YT`,'^!4*B`$GD`<_,`17P*MD
MP$<LT`-C@`9TB)N7.6T50([.&0,O%$$+%D0Y)BL5`:E4(V2,F1.M]/\E58`!
M>9`#9`"D@H*IF;J>/AAX+_=L]=0`%>"&6\B+=$AY#YF+&4BB?>"575J@*%`$
M#@J,<DJ`:N!$+\`#><`"%T"`#7MZ,?`#(^%N_T1@90,&/3``D!E'";8K*5"H
MK_(J$?%MYP<%WOJM`&8?_@`&%W,%DN-75[:96E:D[5D%[ZH>/#D$(%`$P^%,
M6PA[M!B@^BF;<D@`&$"@K/FO#JD%`^5;0U!/.9`"0U`#2P`4!=5V)]"P6GL!
M)_`"!_,""T($3]E,-X`!'M@#1S@V5+!TVAHK@\D"A.@!#R<PWCD8#S=R.5">
MY]J)0OJ)-.N9[DF$"3L&8.``6*F?N#@!**#_`5NI!6SYE?I7`B1P!"O`JE8Z
MJTJ;BW^@A2Y`/#V%`".0`V%``"B@?UD#`W!05&1@24WP`PKX`0EF;3>`(3;`
MHKKR53"C08I9!0$#5P\75_01*GG`!S,C!N@JI$9)C^T*A!I`61]@`6H`J6K8
M3%4JJV2YD0PIF[A8`A(P`AT`D4F;N0VIFOJ)`F(P!7=P`JFIH+R8`D"Q(0I2
M$S%Q`FR0EO:&D"#D``%``@H@`!5``;6W,`.07.&$>%32`@]'!14P0UH$NF-A
M&<9[GE+T(LJ[O*-(601P`3Z0`R](E0T9K=2;O;-YC`E2`C?0I=1;H,>H?Z_7
M3"@@`&,`;ESH`%KP_X19.`%AV@<>T`=`60'\QYOF9FXW<`"P$1,OD`,<%L!M
M8P,"``;B8B)!1S`V.F3X(9(]4`0Q4*QKD!O'&[.;V8,T"X3.RT<GL`#VNWDH
M0`-@$(NPYY"SJ@4(``,%T*__BKEN'(O\YTQKP'P(6;HI[)7YUP?E9FE0@,=Q
MMI`HH8`4-@"+)E1N2P"WFTA+D#\(,`4)0#!04"4%H`$E4@$GT`5)0*E]!;._
M-J1@;,$(@,&FQP*I.0$+Z84'``,DP*IT[)`X+(N*6U":1\M#*[YVC(RX&*4C
MP*JEB\O^>J6V^I!!?`-:D&)@4`,Y4#R_TF%W1"*0Q@8\=$UD8%K[@Q.V$O]7
MSX%7H]$!Y&FIVJ=1,QO&7>&\!3L`*%*%^#8",J"+O+R+]=P'V=8'?\"J=HRY
M?["Y2NM,*'```2"^LVF,6M`&&=D")Q".6K(V'*9U%I`#\QH`*6"'#=,#3$`'
M4'!I`C`%JR0\MPE&1!$"0[%W!(W.IUR/")`C&%RP/N`#0@)I?=!R(FS0^`P#
M5<H!3ZC/`*W/J_G//VW'5YJ6.`V6U"L!!'`"1-`"+YP".'!%)]G(1;5',2!B
M,:1'L1)C8_`"+X`&+W`$(\#$"R$&)T"37"S!&?7%[(K*[%RP<IH#M>**N$C4
M7>I&6C@!/:V+`+VY?>W70"V;7'B01WVE*4P"'W#_`CU@(KYU`T6P`F"@IGO5
M81+M30MS.ZGAHA'Q$$E`&N&EUI<3`)KIMW_+%2\-UZ?7>\O2`IE7V",PQV!J
MI;(HU+3]SX$MU(5MT#XKR#=``S'S`I51!;@U;0E@)QP8=<!R`MM4C6TS5FNB
M&%>P!J)L%-F'.8#5ULO[UG`-=7PY:KR3PIH;V#XM`9L+`T0@`4*@U[6]WNR-
MVS[]T^)-OKD]JUXHASCFPUK0@`GV;;[%R!RD!AT2P#,3*[!"$<;"$$+0`^UV
M+9B).=N7SIV9RNI!`*A=L,2EK'G@`EL(WUH(W^2MPQ6``EKP!PK:WB9>VQU.
MV[C,A1R>VYHG'+V#`4S'_P%/,(O$5R.U&0-YA!(8Y"H74!H[V@,&5YV;S1!)
M0`8GP`,_0*CF'+.DG=WJ\0$5G@6G1P$GT`0\H.$D4`(,6</ZS--[O<^22P!<
MV`=>[MXGOMXI;ML='HL>CLQ*6ZLH\`1GX`!@$`,7\`$7R`$.4!G3,P*N!9+T
MI'4S$`,50`2>]P-;L$T1T2"DL0<)L;H8<"?<\RS8=TOJ>G(HIW*G#==9X`-Z
M\(V?<[1MT`(E<,SBO<]_$$THL,\3D.:PKN:`_=Y''<1?2+V8QP`P`!$CLP#C
M]@$=1I@?MD<+``:KYX+]:`+9D51%L*9X$UM'3`&=W04?H``F4QL;P@(MD%$4
MO/_2-K(`VNWI<OH!C]D%`D``+@#FMLVJM_S/K(HV"U`".*S>;![K[#W;*L[F
MJVG7LJA_"LH%,8,!>'[%-@`#$I`EBI;P%V!);-`[W_M5OC,%)L(183$`.;`2
M"M'9LT$`?.`9'<^7?-?M*PT=G2[N#T#1QS8!_+N55+GN.+SN?5`"EZ;/3\K+
M*/[>L+[F^=[7'7[06E@"6?&L#C`"`TCE"O@`32P`IS<#D*BUV<2U:\R%)J`%
M7\5;D,9FMN+)$=+99$`!,1!F@/X##AQ2!"VSWIYRX2ZG?B"G.N`#Q-<#'*`4
M@^3K'"`$8/[J[OX')2#Q>L^0-K_S]A[X?OT'2=V0"*G_`&FP`W?`!Q]Y`5G0
ML'IP`2DH@4AO)P\`=1XT`P$@`$0P!2P<EH&$>%#0`R^0$,4B[24C!8&3X1K`
M!ER-)J)-*!#.J>`^X5/^`%F0!4'P`1C0TDPL`.974"A0`NN-PT]8`0NPN7@_
M^+9MXIHK^&J^BX9LNST!!C\0!@WK`Q!P>CYP^9=_`<"_8=RM`0QP`2QP2<U$
MD*IH;MSF`4#Y`B?P`<82RE6K)ROP.4/C`IZLE68/"!V"'06%A@N(*C8&&1\/
MCY`/$)(0)P(-1RL'/2D<*Q@8!25]?Z0<$Q-_?RL?6GU:HWVRJJ6TJK*SMK6E
MI+J^NK-]$KRR$L9]'"4+/3Z1_\X/%P0I/A?514M#%S,Q8`[&$@XW'BT>-^(%
M"T01!$MD9!045Q\+"2XN;!4_&"X)!14$!P(&['!@D"!#"!,MRD#@&:4'/G*<
M6-*`1HH4&!PX0+&@`@8Z'/J@0A5"BXLE$[3`XG6KERV1$TQQ</`GQ!,'IU+]
MVOF2%"Z?$QST62.`F<-(V)H]FE%DP(4'W,1(:$%"8XL6$CQHU4K%Q((72SX(
M*-*C`A%[]B(@&)$@`8(F/$X@","B"T%!"VQ\`(.P$#U%C!P]@C#IX0,="GJ\
MP-!@18H^(81P(5%`@0`40B8\"?%GPH(QFFWR!'9+54QD(5!P&#VZU\]7+4JL
M:;#DBO\/I4<A'GT:PX8&+=ZPFONV%0<5`G?&4!'0I,$"&1&BNXC@PG<$!1[Y
MC,C3($\,&'P4C+`A8,2)0C%2H%L`F.$DPH0-^V#QH\$)'BLJA`@!CDL)!EU8
MMH9(6DQ0P!$-]-#!@*7EHLMJN4S``1=_"'`$!BZU!HQ/N/Q1(`H%_)`#;KE%
M\M0C)UZ010P?.*`%"BV8(,XW67F``PX$'($`%5#PH$%T1)Q%G0L8$(!66X4D
M0``3*3A70`)'_*``#$<<,8*.["TD6'R%2?)(#2^\\,,8.'RP`A>:/8$,*@40
M\$$7)7"@10@!"$#`"$*\U).>JH040A\:]#`%+1GZXN`OI*#_H,43&IS@4)?/
M9.%0-5FD4(0Y,,YH3'$'V(C#%`N,`!T1,LB`%C^6==#6JORTA4!;8#3'1AYY
M)*#!'?.TU]!@\3W@!R1%I+#$"R=H@`$".:$2TFD%8)`"&%-PL1H-`AQJ:"X^
M>8)``7\X\(0$A19:B[4OE3`!$4OTH%N)C]Q&(C35?)F'!C<8@]6FF]Y@`A4W
MX@##"C)``45T0T:G`28%1+#JPD]JP$<#"92A`0%L+*!!'B.T]P%\'-_V0!8^
MQ,##R&/P00`"?\S$P6HE_($"9QRX($`*`G0`(@SDZAEG+1(2T``&$_R92H?8
MLN;+RF`H\0`62D'*+B3Q/I)%#R.X_Q#.5?C6B(.G.*Q@`A0NE&HJ=2M$4``8
M!!`0RL(+PW`'#&PGP,8E&2Q$`,>$_>J#I#X4L4,#([S0Q!U@^`)S*3&A@L`'
M&&B@0,HKJ_+R3Z40,$6<IX100@(HH``YH=AV:.A+$DY`@@`Y?`RR#CHX_;0S
M%Z3[+0GUTLB55I\:)P.I$4`A)!5H*8Q`'C2L6D`93R9@PP@:K,K&P@AHC/=@
MK6?A1PUC#/L"#SL4OLN&:Z:R1A%'$%``,A*4$,)(LDQ00@4(M"SA:BR!WU+1
M.XV$PPA=^-#K>Z_+S0QLL`!P2<`$MJO15K8BME*=ZE3U4``8XK:"!<``;G%[
M'AMT-;TLP/]'4C580GVXQP3OL28UIPD)`^QD@R(0(2@XP5P?4"`2FOPA3T9K
M2?UL@0H.R4((*6"!I"1E&``&$!(V6`,*7-0"863-`PID8`-+-:13K0`!-D@>
MDAKP,+:PC0T(T``;ZA:8Z5$"`B!C`0^R%X,&P,"$HXD)XC23"MD(0``V2`$"
M4/"$F)1`?B.9W\I6-C_2@&Z'H(-)"LC@04G!)Q)&#&`*%C`!%`3%B<2)HA3%
M%K8JHD4#,+!!W*JP``%@(&X:V$X*,@`#1MR-8Q_[H!^Z,*8?;`\#<$PD+312
M"J&MC`L.X`(#\@`&4WJD`%0H$/OVLY]9#%*'XGH-+4:BD@D(8`#_DOC5]/Q0
M&-?E9@`]P`#\'#`!&F5%DS+0RA1E0(4$8.!Y[E3;MN)&3W?:``$6DAXLSQ@$
M'WQ@"S_8P0NBH(`3Y'`S,.,"%Y"QJ!`P@`#`208K8/`!/19@"NM#11]34C\'
M19-RG;D%"8K0#`C@9GI=\N8S;I.%&7S@`-XP)W$6Z($I1D`&76C`"_+P@@\4
M8`6MTB*2M,@&`L"-#0K0``?Q%@1NHG$^2FC`&+B7!X,BRB7[007D7F1)!QP`
M#)[KUH3\LX8%@.$#4VH<`E9``@8PX(]SY-#W=H&+/S+@"@'HP`GVYHQ]=G,P
MSB"B,YIA`1N0`)/FI.DZ`\:$/,!@.O9H_TNK&`8]!9Q2217H@L:XR4U?P>=7
M?O"!&0"Z@RT<`0P<L$D(,G>TG,P")])R0`I:`+J1O"2O!0BC`+`#`P4HP`85
M&$L7UD!<XN8@!P<P:Y%\.R6/8(`&)YB!I+0)2[RE](A#^``-`W!`K6Q*L9RT
M!Q@:(`#(2F>R2%I8!13PJK:,H!`<?`@$_-#9^?IA!EN("QH:0("J;`9-XOI%
MXOK@`)3D4(Y!"T`%6C"%*1Q@!>@(([6H5208:$`#"%A``0C28`G`\`0UF"\1
M'VG=7AF&77U#0+UN()R9+G"="Z@5=0HPG4*X@``"^"(,*K"PO#Q)8X^@KZ]\
MQ=E?/:`'=AH"#_]20``*K>84!^8%"1Z7PUR$X``"4.83^@B3Q*%B`338LFUG
M@0HM<.`$9$`CKP!88L#V-3<^2,$*;K"1[G[WQ0TDP@H4P`9/\L,%/QA!"LK0
M%AI8)KUR6P)\[=99IQ:9OK]"`PQX@+$?]"!^(8&RT40B$HMQ9M.DB`D"$(",
ME95:%LGH0YQ*&2=IF5H6*!C%'SZ0`Y#M#8V./&.;S_B,+CWE`#Q0`E9(8`(H
M:E*=#8P`#$)1Q55AK'D)^``&XZ;H`DC/T?2U+Z1S\`,T1.$'PYIR!SBCDQPB
M3@!0"/"U.A,"#*QAD#/1"+P'60`!I"3>.$"+#$S@HKR,0()$].":=[W_3R\Y
M9`LO:($YR''G=-8TV3=M$@'J06-[%.$./ZC":2,V2I]:VV[VS2:D1ZZ$,1#@
M!_7Y`0EL,.Z<_8*0?\!9N5L3ZCY4@`%S/$T@>U@`#:PO)$2@P%,&0(0"D$!-
M:!/#"&Z3[?>4^']<4NG'3N"!<+#8=@Q\N-@B0`2P5>`$.CH2##!&#WK28`1%
M6'1@'CWRD9_`M"G@P1U>4.\2>"ME!RZ!%HA`@%=4.64Q(0`#`AFYU\BB`]62
M$!&2<($DG"$)%OAI#0/@"9*6].G673.[!.``$Y#@7L=.I]@$=MX51,E(":A`
M!6`P\7HF``;O53M#'BWR;&-A`%<8`QE.,(8Q_YQ@!2M;[<QYLAHMX#,S?S]%
M'P@0"]$QT\M8?L54+K`'+UC_#`.H`KB"AHP4#(!U\=F;_[KI]+P9.<CM(F)V
M.8!`"=2+IG@N%12@DY8*I,"QK,>`E1"M7C,98K-M-W*3,`2^,@,0$`2`TP#K
MTS[#MQ.X(``%\`3TDT.K@0*/HVZZ4"<>T@(,,`!(L`$@B`190`,RD"$"T`6L
M`S(FE@76PX)>\D@>$PFWP1L5``[V@G7QUT`/A`%Y4`%/4@4:0&-L@P$V``,%
M8!>R1P!M9U],.`)C,`#B-P,PL`!](`*FT8"_(`0S='-F9FYX5P)Y$&"14Q/[
M<3J=00(!D`1&L(9&@/\$%X`!)6@+)2``63``*0!B0X0%3F5$[](N7`(1%=`!
M+B(,H'=LR"8V9_%`A%9/PY-C*]`%9B-['Q"``@@!*3`"/Z`!.N`'<L$`(8`3
MB$1\?=`!&+!$&(@H%CB&M@!O,%$G(L$`%/``7F`$`&`$`4$#'N`@$T``/?`!
M-T`$`O`!%<4`DC!=4#=?0V9B(;-'+F(OQF:(6N=`#]0JZ)4`"W")*S`(1_A_
MC$:)V>8'+P`X.1`$9'"'7O@@?8!/GWB.I<!W$\@G\'8Z`P`!<S``*T`!4B`%
M2<``IS0,+C$!8L%'J%`"!%`$Q90#7<)TH65DH:4#_@,10Y`"-$1@,G5GF[3_
M.]#A9_7`-O]P@F95!&-!")+HC=_84SV`!9;X`RG`CK00$L<B$NS8!V:EBH32
M)ZHF!`-0`W/P`!1`!*1T`#V'`560BZL8$OZA6AU``"LS!4'$`D-0`S,`"28U
M!$.`39/P*S4``P?P$XEED8<8,/2'8=-!'6P#`\\B;1[Q#WD`84FH;0$X7SS0
M`$/0.FBP`_:&=^<X"H&H5>:V&B%0!5U`D[8@!/!@`7/P!CE@=QZ``A9@`0,P
M`'M0!5``+LZ4#%K@'P7"`00`$NMS`Q<&"A60`T,0`\'R`6D3E9`0D92$"^XG
M4_"W3FJ1!VD`5,UV=D70!4>P!`0`!ACP`>2!$`"X_X19@))!$)<YX`=8$%`O
M4!,%(BVGV)+\Z&%H<F"AI@$,<BT#X`0&,`?QP'D.(`6-MP=[(`46T$[B,I`>
MH@7A!"&W,`Q_(`$\$`I-]%8:P`*]<AL"4`4,T`+?TIHXF(,!,SQ'D#!DZ0(4
MY6!`B0XIH`$+8!<B^7&N1(EHA))9D"`70%\Q,'<80#]]]([$AP!@(!+3:33N
MTQG6N1,<0)@[Z3DK5`)3D`1)@`0RB@0=0`':YPM:I7?N&!*N$30A(`)Y<%@B
M82[+<'Y^`#(I`%,;@0()!'_1:"I%ES"GXBQK$`#$Q0('P`)$H(W`J24!&`0'
M2*$_8)]^X)!=T`-@T#*=P?^7K"$"\$,*(\H:[@,9`A```>8``_`&5O`4\S4$
M5I`%%R`%;&@$-#``-&`"K"$`&J"%&<(%^^$`,<"CB7,`T\""0[0BOW$#7#`5
MF>2DI4(J6P=90I@'56JE=L(.+L"EW!BA;]E4!\@)G*4#-?`!)*`H$[!06.@+
M$F`6J):KUX("&&"G`F8!!O`&00`O+(![**"&M&@$>\``N(BC8K4&^M$'>>(:
M7/`RV9I:H>8^J.,KQRHU*<`?!U21KPF6#D0P0Y(`>1```1`@`K`"KU<S!B&2
MP=EV3>4'03`#)]`ZDY`"?#!X/?2<+5D!(?$'<<H:I_`^+7.>%&`%%D!#*"`&
MI=C_`@A``<RZ`(;*!C>`H\DP`0JPE1Z['US`9:I0(%OH+C'(`@)``EJ`-8D%
M7O.W.XD8`;1Y'5V`FUJT`DL@"&RYJK/GC?/5.@VIAT.P!`*0#!R@)AZZ$U-P
MEWV0L*-Q"BA0`7+D"T]`K%8P.>^SGV!T!3,P``=``R2(A0[``%4`5N>YIF)P
M!C"A=X@#`S5@"2."(DNP`#?P>848>CH8/+0Y/#ZV,!B@(`8!M)-(DN`W7Q!@
M!4&PKY;2:IK&&@E0!,HB%%XX`4R9JT_PL!8`0R%0`6)`!`.0!%*P!P5``Z=D
M:D=#!##@83@:-*C0MF^K$UJ0`CUUB=(%$2%T!!U0.^<4_T6BMW7GE198Q`)+
M`&W]4`4C4!`'\:"Z0I*5J*^0-@0WIQ'2DD/%I!EBL!)&DUH3X`*=$&!<0`%.
M8`72LA\5L`8,8`&EZP5[,`!L4`8I4R@Q@0%=,(A7Y1,LH;]3``,]P`(QH"+-
M$&<%4)'`^Z32"%F#6P0^2&B+@U9W>Q!=8+C0"[U7H`%!\P1G\&FLP082Z3YS
M0H'KDP"=@(4<0+Y.0`'=\@<8L`"1]P4?N`$#L`9L@(4E@``58"Z@R)(N(P%)
MTS0/,``C0`(3L+=\.T7!4P`?L`9YD#P%H%,C,`)L@`$=L``((`A=(``J,`*L
M6L&)"Q\]T`.I8%N;-@(MRP%GT/^T+[<^"!"^B)(,%N`$28`*Q60!7S"H9[`&
MVM>`U"H2PL?#-2$$E_`!+-`,%R``2&O$7KE8:>$""+`$D^1L$U0(;``#77`"
M3-`%1>!;]PJ]KJJX:,`'M/5,)#H%-H`!V6J%W8L,;7RUNB"!JY&=%.`9!$"Z
MS6H$`X``;"`!]",A+D,`E"0A=@?(-T$#"R`&"$``$?$#Y!$4K@E>2`Q9"/`"
M55,%=W)9;3$KY-$`/+`=>?"\%:ROC=M45C`#_)4^9"RG?;`",`!,')Q#^#17
M-8FP7&`!;S``76`#;#``4B"C24`"Q>/+D5,"&B``);!E'&!)@*PY7&!F?8#(
M)\`'./#_;@;\8EH7-J;R23J2`)8!;4[L#SAV)31#1HT0SM+;N%@0`RRPO&(@
M)VPZM=U'!T$391R`84-S-)`1%(PY!T/`9PB@O@QPNFS@`0*=#`<``Y[C8>T#
MR'$B1Q+0@V```P@@`9]GKEG'21F-%A<$8498!HO(-@+`>GR@F^!<P?:E`UB0
M!T=0<GKT!SLSL*Y,"R6K!>5AISHA1^>I:AJP`KE*(5E%"@,P!SVPK$$-"D-M
M"I"#`C#0`9TA!-[[SN>H&:=P!B5``T&!+ANA!<\,S>$5`1T`>S:[;#0@5/VP
M*AEG*YV,N)P5`^`6`&`".3J\/GUT-%L6`/,@)W_D"N02$G.H_]15ICD&Z'B,
M5P4%["?SNP8$X*N`_""+0@!SAE@N!J!C\]DC0`,PX$8IH`#U5`4[@`#@4=;0
MZY8G\`$!@`$\<`0!(`09I6H[8SA!PP%T8`-=P(#$5TD"D!G*;0N_2`;5=WT6
M4`4M`',5^#CYO=RE`"YA9,"&&,U08'H5<`0>T18$$(2D?7+=00"I'=X00`9+
M@-1%H%/DK1&WJE!-ZSYH$@[OQ5$OW9)]<#J90;"J<#D!L`$?V(994`54,"&I
M4($V`),&/AI_4B\+!MU>B6P8/38(T`![4#4N0&A%%3?>C0$O`#_@;=(0(*N\
M&P*7'`-Y(`9\Y"T%@J,+]027F0(5\/\*,/%R?3`%&-`9,-X''C`%.3"H&W`!
M-$`%"J4L-=%?!;[<-`1,YN.[Y^2D"#P='W`$%F0(A&9A"U-4=E(%MD+2AVO2
M;5<#HG(Z62D&6K4?`N8`^[$98N"#2_URY]+F<<T3?=`""4`&2%"+3'`&*$""
MA*3;$U`!4Z#&/TX+X!(2"X`AFPW-IQ(!>3!Q1R!92"+5JP(#`A!C;5$!)*V$
ME"Z`->!&(0`&88!C"9`,8B`&O^#I?V"%UMH1`HNB?9!Z;EYEZRP`%D"ZZ_Y.
MFLJ<J_$$&+`"N1Y',R$!5<NDT7VN"4QHT:'=Z.4X^*0`*=`!&-$6`B#IT=YV
M1U8XE&J\!EW_$FIR[J;Q<ZGU!"@@`#DLF--$PB%E;D4L3FQ0`%5``T-I:C_W
M"AEF;F1VUR1*#,ON?BR&%82^3J?2)D+8Z`20!UO0!0O``\E>Y0L/`1^P1Z$Y
M`R/`?#/=$NPS3:E0&22P6FOK\;Z\:8I#`VQ0!<]#E+?P:1.P!C3`\MTJSRXW
M"AR`PZT)LYRM@^>EJ(QX!\M^!&PP\C"0X>&<-R?`/!+P`;NG72A;+FQ*"FP,
M`T\@`FJZBD(P-RL>1YY!`YP:+KTP`5>`(8"<(8MO"K)``A6P8B9P%>*`;(>(
MT6-98X]%3PIPFXCG@T0H]%9>IEC``GE0`B0`8F!!XGT"0WJN"OMQ_YDG``4M
M0"&_`**Y3Z+K;+`2$BXW39"'+Z=#HWQK6O4/,B$SQ`'O1#LX8`R?'W_VD*Y#
M@L,SQG&IUP/,^]F8D`)V7\%!X$'[.@8Q(`+J+FT=T&4R`3GT(Q(KTP.!B>L8
M1F8'!@@3)#8<$QQ_B(F)AR4*)8J0D%I:?R5]3Q.9AGV1?Q-_7"$M-P4$)#<2
M$C<>K*VL,K`NL2X1$0L--`D)+KH$&$<='2O!75T+!2HV!AD$?L[/T-'164$0
M$#%+"V-D9#\"%14"!X^9)99]Z'T3)1,]!1,AG1,""YR9G9'H?PH<?8>*'`YQ
M\I0GP)^!^!!IF1`@7`$,%5HD]/1)G80^"O^FW&BAJH6K5[!"RG#A8L6*#WD*
M%$BP@B4/'C&("`L63&6R91^DZ=P)0<>`%"E&;*N1AT2+`@@$8,"@`4&!1^HF
M^`OQ),6*)RCD"4CPZ=Y$1/9@W/`',*!41!,(%#CX]1$*`B=8V(@KP*!718;B
M.4#1IPL!(JA&??0P*V0$(@@JY`&#0=?*6R.&T>S@HH--9<QV:H:FP\^0$R12
M".ARI4(),8Q('$@<3D!3(EPF+.Q1!06*>"'2^=MJZ%#`185Z'PR!@LN'*5P.
M"4$4D,/"X0ALK&&7J4_L3PXF\-6"``0++"P^Z(FA80T8#;G].?@3\!P*"0PT
M$%BQT40K$S*H$/G_)@"*C`B)$?!-$0HLP%(!-J1PP(+!'&"99<A@EM-FF^D0
M!!9%Q";&"6@0D$XB`VE!P@H:'/'!"$N(MD`>+DR0G7`A.(!!`2%(Q9<ZZ,0S
M`2:'4!4"!P(4P`$FFF0RY!^WA9!#'AKPM0DB-4;)11<-?."#-34\D,4"*<0`
M0SQ<^-.'CYAHX<`-)(`!`U`$K)E"!W0<4`$&1(R`@`8CV(#`"BX((``"!+!D
M0QX=+.@@305`>%-F%&JF`P18]'"#`US`\,,'*#P'UD#^/,0``2YXL`(82XP`
M`PPV$*"!"R$(P06=GC3G3W/)<<!%K0[8"D8!8A#GJQ!'I0"#J3`L$0,!_W.N
M`8,"58B!6@D,9'>"&4'H@`4$5G06A!\Z*"6$.0R$<.NMN?;A@`,2>!`J1T@=
MH4`>*<AP0`-'5)``BQ$D`$,"$1"`0`+2$6'H9),M.F&C//G10Q]"_%(`"27$
M%@D7F"!``Q=YR*8%.IKTL<8"8`B0PHDCC)"'J>!@X-IY&E1QIP8T`'7BR27#
M\`%0)R"``0TE/$&)$%.H)``)#)R@0`5L$$"`R2=DT5,0U$#@1Q#5ZC!"`$\X
ML%`()62%3@DMA,U>(3]V[8$))M"11Q%0T!)H!!VDH`L-@2[AP10#(ZHH9LT@
MK%,U?J2P0`DKT.BB/I#TS`$8"_PQ@A!>1=6Q5/\<?,N!*E.85,`"G'..0%#'
M)%"`"QH5TDD!`I00PL8'F4,1)PL$240113P`018SG!"#']1PZP<$.:2P!B84
M_2$!"5-,00('V6&R>@A<<R%!"TQ%X()_"V!`THR\5"#@&FOD/=EE./G]M[4G
M+,!%=O[`$P\D9V""`<0P>,+CU^1HXIRY11XDU00B$%=B*#:F>`0'+8HX0.IJ
ME`Y-3,(YE/B#!HHP`VL\0`DPR,&V.O.``12!!4L8PPJZP((["<!FC$%`"[1F
MB%"P)Q,26,,1J"`#(D1`!AU0P`HB4($"Y*L`1U@`^,)W*()%:!E],Q\TJN6#
M/`PN*K_IQ+E04(%P56#_<#\*3G5`5(+GU*@BG-"'N!90`3$\X1!&@D<DUE$!
M*/RH*YHXB!9L58+8^<`90>A!$5(PA`MPBPPIJ$`7O-<`&&A``"?HP18:T`,?
MS"`%&%B!ZJSC/T.0@`!'R`\1:!$!&(`*`V#(5P)>L(0#X(U!>B-?!@ZF1!VX
M4@<S&$,,Q)"=,YQ!7.SC6*XFL`8,_*$%29$-"AP@I@^!*(R(2Z94R-B/KRB"
M!AKX'T(240+G%"`%%ZA6%GH`!@3D`0$CR($:A)<I[?3@!3/PP0]&H(01Q,`'
M%[@`!3YPD4J8J58I^,$":B$#_T2`"DM`0-)<H(%OCJ``XAO?$1FEQ-]EX:$S
M_]@"'U0X@5N)@0OFL%6/"K$"7X9@"C#HP#JT8`EG)F29%?B$2870!P\(H)Z=
M&!,*!*`&&^BA!A\H``I\AH*CR*`-)/T`&D:0@@$\P`\/F(%28_""(3CR!3`@
M0:Y:`+TI-"`&"("!?T9"$H)N(`$\&,%67&`#&W3@!!@HXH-4R4KSN1)2+$C!
M);N`@DP\X0SL^]\N8\>!>!2@BD\XHTI-NL8^D/$LA)4`!AZ!#PY,P40I.$$*
MCM"#`#"``=!Z@C]8T(,47,$')SB!GWHP@P=<0$LI:,`2$(0`+>R4`3>H0@5&
M4(,9Y&$*1-BD]?(U`E59+P%[T@`,7M``%AQ`)FM=:/\2&^K0+J0.`8V[U1^>
M\+Y_<"T$8`!#(2XG.$,8@K#R,&Q*I^G,M"(.$AQ(P!+`X(&+9`\HD*Q`!SBP
M`!3-(`@^2,$4SC"[1C[@OSGP'B*),`$&3*``&F#!#"[@@QX(`+=4H$5)7""W
M,B1``PI0``'`D(<7$(`%1F0K<Z>VK2`480IU_,`"FG**R^6VO:#X`P86P(';
M3&`%1ZB"`WX$WL(>%KR?T$#C!JN($%`A!>J8XQ]$8`AH`;$A`_!!%A[@X#&M
M(P59,BT+*H"NL51"`Q50ZA!R\(TIX``6-R1)!)@B``V?H`(V:``?&L`$$".W
M)LH=\3-T@('UB&$%>P*#`FS_D&%/$D`!AD3`!Q"P/F)RH`A5T,X_>IP(J?R5
MR%^!!Z#(FX@S)$:SU43-)-;#@8)N08,Z.($3^Z%9QOWW`C$`PRG0QIT3/(`%
M,%C*"OPYDEJX8),T:$"0:)&'/!2##D0,L<'TO"VL]J-CYL@-"LQAM@4D)@4$
M9,^#S?@/8YH41Y=FBYB.^:$^="T%!%:$/HBPA!ML-SL':8Y4EO"#$V#A)QJ0
M0"@6@H`>K*&T+)B?*M(U@BXL00,R\``.%@X%*!#A/]8CB7I)4@4"C*$`X$LH
MGA>U7/-9(PA*\$"8=(-,DE]B`C<09!L.<<D`7*(0',/T1%[N`@ST5:5BF#:T
M6D`'_VMKX.=^BHP!)<<!(HS!W2'(N4KMP8$2V.`'7<!"`!!0"4]L+`5*^(``
M+%`#`8Q"`O8AP(D$P`HJX``*9R="]JXHX13HC-X-Z$#&-2[B$4/J!,7\MB#^
MHM(<SDAUT*/(I+^B#@ZL0`%+23Q$E*:TUF1W`5#H``$"\)R>19L#-L#!77UF
MND\$5@*JO8(?!N!+M*S#3RA```L>4`2I!B!L5?C`!PA@9E;@X`#R$9``CE"`
M8>`I#TNXPQ8",`4BHK(FEN&XGB%0`PWT@].-Q:X`GEWCIGR`8@')U1^^6*3N
MZ^^,!_C`&HR[H%-D(AY:B`WT?G0#587)NZSF0@%>3LN*:/^V?2A(`0,@,`0!
M5'H=&*!"8I`"+$``9S`])(`!/3``,+``"S<%?J$``K`"1``%$5`%3)!A><`#
M>7`$)Y`#:W!*QX=G"]562M0#"7!`)M4U%4`$#M`SP\$%(]`'9@(/*&`KZW$/
M(H`7B8!]'L!E9Q00<=`&1E8&=94=(1`'$K!3*``#+>`/%P4YL7$&5%`&\-!T
M@?4$J%$()>!903`#&!!S872$"*``:^``4Y`"$F@!+*`!(])F/202OS8%"I!;
M+Q!6:Q```1""AC*">X-$>C8#'A(5A-4'5V0NA>```51J-&`\F%`"4Q`JK?"$
M^$-MU71&)%`!P<$!90```-`&1@#_`&=P45K0!BI0!U&!`U9&,=`3$":`!)]X
M2[GQ0H%E'5[H`S#@))5F+GW0$"A`!Q]P!19@`>?T`7.B`0>P<%2PC%Q%!"SB
M`DNP!'JHA\;GARI1@GJ6`QB@%]IA4BU01?^C15P@`PV(`B+`!72P%'[B)TL!
M7Q4`7T`!$14``S466)T(`$@0BA00!U\PA`!@!%]0!E+`!E_@!3+P!5_0!B:`
MD&40BFT0!_^!D"9P1@;D65)#'C62"'LA`0X@`-F0`CEP`19P+"NV`JVPC`W7
M5==S!`@0`6`P>=-8C6JU<7PS8C-0/]R8'LC4"2A0(#MB*]O75WUP0AK`%$=P
M!,L#"9`C_P$PE`J7\`>9V!Q/\`6>^(_X6)5UD`%5&8I6Z8E&P)56&8IQL)5:
M>$L3D`)D8`U88`,W(G@<,0);\`$:<`&Y(U8F<`;VL7`X0$,T9!CU50$N(%\Q
MV8?6B(W,E0-@P#651(@)88@K,"1<`!8V0@(:$`-K4"B8$E.(A18!88C5Y`D1
MT)55"8M>.9:>B`1Q\)5@J9I>V0;_&(IE<"1:D`(!\#MYM!;L\'(<$``"@DV/
M!`8K0``>L`JO@)+,&'%K]@$\Q`+3N(?&%V)YQEQ=L`:?L!#-T1SGT@D<4`%9
M\5V5]"TH(`3MD0)1I&X(819HP9T[,@%><)55Z96A6`>NZ8EM0/^57PD`J?F>
M]-F51)@;#-%(6!`$,?`.?[`U6G-6`V`!@IAO'@`#.&`">JF7L+!):-8#!>("
M']:<<Z=6B5)W#=4#5\`UY,`)@9<0-^!_ZL`.E?0_"Z$=*8`/B-,<B1`"%?`C
M%",%^$B582F:5AD!]OF>8`F+I.F)"1`_'*`S'U!!@3,%+5H"'2`R8N<G%7``
M)'`\8%`%]G&2QZD?9/0#%1`!!:``S>F<&O>'#'6"5V`(V>$`@04/[L-I4P`&
ME%,"ZR$YFL!2^3>+D,!ILR("IO$;#5D&H(@$H/B5J?F52,`&1A`VJFD$^0F0
M2!`!2)"/JHD"#Q$.&@"26>`',+`&J#/_,C!``PM``F)``J]W/.VU`GG@$2"1
M'_DB`$HS`CS0``00C0R@H<^I;!(R8MA`#T0P;9YP+C(:"04@IY_@'.3F#\DQ
M!1C`9(VI&\SS!]SI&W3:*^<B%2U`-"AP44MX2QR`&MLJ!A$C`D]P$3>@A<SC
M`&:D-1)0`@>0`C.0`S^0*BN``@S09UIS1N=B`F!G`@FP`S<0H5!0K">B`530
M`0T`51\`!C%PJS&9JPJE?,S%`EUP`#UP(E?4`9@EGG>1"-"U$,4A<V/#`36G
M#C#J`;DU.A[0#_K'#M##!2VP!OGB<QBP+)Q#`^*``9H5&SO55T^`"#ME1M"#
M8'B5'#M2!"_@_W_P$!LEH(E<0'DOF`I@YQ$-,*IWDU4-,*L+T$\:('O^`@,!
M@`*X2G<>6B%3HY8?4QV$<R<084B6Y21V10`'@`DW*!4UTGGWASHE!0E2001)
M8`$0($\)0`5]L"P9=KB(B[@;L`&)FP;#\P\_FT5H1$NYL@8ID'0_,@EKX"%`
M&QL<(#>7<R[F@JHD8`(CL&B$-EDH<92#MB+`MWN5-;8C>(W122$6\CN0@@!K
M(`2YP@ZNU5(=L"9S(@"/MP8*4%>*N3%403'4$1`)(`#0]P<>P``7<`92<`86
MP`!LX`$?L+@;@`'>&[[B*[Z(=X7(VGUL80B"DQN"56`50`*<P@D"0/\#J)$*
M#F`"1J$*IOL!,[)[G$,`Q[`B694''V`#']`##DN-$)M<R^8W.F`%VW("!M9D
MGC!M[4H`#&"O:P!F2Y$'2O$G1,"4RZM9Q_H';(`!'<L<+G`!5.`%=5"0%\`&
M@;FX9'`!X#N^.+RXBI$`Q.$BT]6B<=0"R`)S4O$U&-`!)/<''5`!%H$.^,NO
M))!#`<`*L3,%%0`&!Z`?1U"KM#HL/2"V#UNFJM1Q.[$M?H`%64`!J3,)E59-
M\*``.V(FVF<;'I``(#./Q6(SQ+L`(=P')ZPIBM`"*W`!^4BI,9P`%;"X#V``
M%)##CGPT',``9C(K,UI-'3`"MA*90Z(.7`#_,G$$)2G@(AMC+BW`KPMP!`F0
MI1ZP9@K@3WUR!#_`!S$@`%>5`[([DS71P!0"`533$\)3/,SQ0HUP@TUG&]'Z
M(8]0`@4``R50QTDQ,NQT!8RE"&V0`!?0J$9P`560`#?\O0PP!QK@R#A\!&%"
M/++2#[;R%C1(2YL,"@S`S)$S#^TEK'W`KT+,`J6\<![P.2MP9A`7<1_P9BSP
M!"T0QGZ8RS79*!;B-#H@5]V&#OU`3,H"K.FJ*78Z`0L``_X@6/U0!0*0PL9#
M(TD0BD8@!0Q``S4GO@@``2C0S>*\`7E@<YH5'.=)`@LPB";+,7\@!`K``'_0
MNYF0&%*%+ARA6$<P_PJE>S<P``9F5T.Y98&=M`0P$`-@K,!D:YB[+#6=400T
M)A!%S(N>?!;/YQ4:\PEDQ!XD+!55H%TRQP4X@``AD`1GD`0A0`/;*P#C2P-_
M2P,O[;W'6Q$'L#G?,">_T`'BHC\T"#T$L`:(F)LRX$Y3@"X24``20`!%(!AH
M@SI30$/\U$]MDP)CL-@)3*8'/<8(\RB^<P73AT9=@18)UGT#063F,`%)80]C
MP@D:``:H40Z"]P0NX#+`10-5(`,SE<,%<`$%T-<;0%E@1MA_DB@D\!8&MAYU
M18BTC0#;)0:9T`(O``X(4`1@(%8-B+]G@P-@0`-G1D-MPU4U]P-+0%=5??\`
M"TR3Y:/0%O(H6`"]OM':[%`>YS41B[,`!O33AU"&-F!HLK>.ZSA[8C<G)W*4
M'=B!WDL##Y`$+HW#>0#`=)#,XAD0H2``/>`<[0H]"-%+5H=&EPQHWX`!4X`L
M!V`":W`#]C$C="`#4_#/OH8`2W`$2W`%U$C:N&S:",/+.I!4'\T>DMET$U`!
M+A>]Z"4.[[-^E5!-T=T'/_<1RYCE-Q`8B&@K!.*]3`X!"/#2#5``6O`$'7Z=
M$T`'"B`D\`8)F[M3F.``",![PU2N6:,O'7`#;5#*4`#`-&0"#1<!D9<"&2[#
M>;`&8IN'\BW&6+W+U0(!,R``(L`(Q9,;/2VRVHG_`5<P3;6B4>;63>(V39P0
M11Y.7PH@OC1P`0R0R(N;84=`+PIP(F:H&]OW1A-@C$?"',TQ`BU08'@%2C4V
MU#`[V7:R"BM2!!"J'U1`1AF^`"TA("/`!UU@T$%>NY#^*#Z0.H@PVRK5`O`,
M7IQ.%L%L&]UIY0@`TJ9WK#NB#F&:N!J6`S4`%*Z!`!U``B0%+<*)0%`R)-3%
MOS3P&_J3!\,D!G)W'!M#I^J*-C=P"P1@P`XH`X#F/16P*ISD`C#0`&/P$C%0
MT!M*,&9J@CP1Z4$@P3AB"16Q`J&\F3,W[CTR*RU4""@@9+,R>$BN#^BP2P<P
M`BK33<<@`Q(P`'.0O2XR_P%"D`170`%JO``4(`1-__04D`1)0`$H\&9*?_44
MT!!*+P0$D`)%(`1'SP!"<%E7(`0A,!H+T`67%0`"8(RK4@N$WE4KEM&7XO$B
M"/)"WBA$SLMDUD55QQY]4``?\,E?H5A7@.0CRQ9<R#C+83IX(3F;H@4><`+!
M*A#L(0(,`,$44`(6,`=.\`9S\`9.X`0&4/JF?_JHG_JG3_JES_JI[_JM+P=6
M0`$X0`0W#G&TD`!+8P,OD`(2L(=WKZOUW5`^4`0>4&!:$`(,<`E4)"2(Y2+K
M$0F]I*)[J@]-!P8\C/C5C_.<DCI@-!`24#D6\`9O8`!R``1R</XU,`>G#P1N
M8/\&JA__IJ\'9E#_L"__JV\!#R<+7`4($0D8,$M+`0%KB@>,'8Z/!04J-@89
M!'Z8F9J;FRP),`L<6B5_6GT,"@%_'!Q]?W\3K[*O:Q5"IK.Y?R4:+A)_KKJY
M?:ZM*2BQPQ,3(3H&<F].=F9S3F1S!@9A43M1/]G@X>+@/TT[YN)O;P9`<N/@
M##(R1#(N$1$N52\IB(B+C8\<19I4Z0.G@YP@S$@QYD.+/ARXM`IQ``8)41-*
ME$B6ZT"%4L&$<>"U@J.P6<1633AF\E6?912<&+#C)(:2+4O,Z"$CD\<+=DW4
MJ$%CQHX2-'+4M(,C1XX;F3_&:(L"Q(T!,V9V_("CU8[_4:;AYD"19Z^L!A@L
M^AWX=R"@0$F4+"&<FRG($!X%)G!PT*J/*0T"2FC)6"+DK`ZV<)W<U2N6X9,I
M6SELZ7+"``-.]-CYP8/''1MR>JS;H22;&R51>*#AL4.K:C51U+CYX>['CBV=
MW?!P\N)%E"8_N(4!ON,G."<'[KF@8@_#AP4,^B5:PZBMVX%Q#=*E.^0%AE%]
M0A0>?*6"!F0JA:W`<.MQ+@X"B*SBL%A6Y!`P/%`&9AFS'3=-1!%%!@V\<<)H
MI1GP!AI-7+6#$T!$,<8/6P#W`QK9V#9A;+N],*$2<JAF1A1*C-'@<0=`$0$5
M!;@`!@%7B"'==-6YU0%VE5RR_]U!.OAP00\EA-"7*\OT04(%76RTWQ\%"`!2
M?24(,,4$$-7G4C%]V*"?,"]1@!E//V0@9AA#[%';3WHT,<8.#LJA1Q19\0!'
M$TV8D:%4;RK!@QP>4A@B&G9$$08<2LB4S1P*:+`"/40\Q\`5T?7#EHTX9J#=
MCIM`X,<#SY7@@%[T_1'"$W\<0``)6CR!@C`+:."7>[-$"44LH=8761]Y$$'9
M2QE988`/.0`1AA)%"5!#-FJ8(R$:;#K!6A,_L28'G>X8$-PY=::FIHEPE#-G
M:U*!0\$*`MC02Q4?D$`&`Y'Z0QU``56J(Z:;!*'#`"=,H(4NO!9PC`,A$+-,
M,@B`L?\*%T42HS`L\'F`I<+$L,(*J+!\.@(1?!$3,'T3./!'3$Z8P4(.;L1P
M0@Z&2@.'&G(`82<[8;`\DYU8@6.'&C'K88`;LMDA1QAZ"`N$'C%7:X`5,D!!
M!!L5Y"%``.RVZVZ-U\%5$+V<V/M`"I^Z%PL*`IQW94@:%($"1`.G3:6J`E#!
MJ]IJ*TP*+#"XL,PJ+XG'``D%(+!`#6_8D4,,+`#^SN&()ZXX9@^0(,^*&GQ`
M!J3LHB#=I%43)!?6F@3AQT)44N8`,AQ44`0PK\S]AP`],%`"`RB4(/'L>@G@
MP>RXL[+*[GUHA$(*"QS0*@T88$"``@K`@`$"771`P0`4)/'_O`46I)!"!P-0
MK_WV`PQPQ0+9<Z_]``'T0$`,V7??O0`?J$\!!21X0,7C1-@P>=2P7_ZN=?%:
M;2GGF\!"$`1P`%CI92,2($`!0B"+CDV@`B.H0`4(8`/D61`&!)`@!B(H``%@
MH(,"D"`!*&A!Y,'@"!G\0`661P02L&MNX2D&!_2B%[[`)Q020UU*"A,"&]#@
M"4_0PKY00(<%P$`!!*A"`"I``@?T00(M,($'2(``&$P!!U.8@@=D@(.DR:``
M-J``Y2JG/ZKU3W/SXIP.("!`,F"@,+K0`BM",`$/*/`5RQ!"'S"P`#K2YW7L
M(L$:LDB$%0!O!8B,1`$6=8`ID(`$_QKQG0;`0(0.)*!@(!2`7Z@4C!G"30L%
MT`#J5-=`OGQ@!5-8@092\($1"``!4]@("5!0`01(X(D2,($46\`&`F"@`%3`
M01?)@@$P1`]_EI/4_BCEOTNI45-^@$`15L`E6*QJ`AVP(BQVP0`^=LR3H1M8
M']A&!4XF#&("(T:48*#!25;!;V^\&RO0";$G+!$%="2E2T(0@!>H,`4:0$`!
M,,",C'#A!GVH!0DDP-!<2L`#6!1`W7`PEK$@X`-7$",RRP@O2/@OC5B#P!K7
M6`,"N"(EJ1,B!X00`@>PH`)3`,8")I@DB10F=_01@Y1PFD/[B$(`'7C)+OS(
M@*<Q4&(#R_]=1BH@`P?PA5]:0$`*^O`I!SP2`Q+Y5"Y1(`$^.I6A-V!H"ZC@
M`000``'S.T`"",""]VF4C,HTHT<UYTP`Z@`3.F#!`H1PMVWJH@12;<$$EH"#
M`C"`/XN!B.U^8259<``,"%#=#+F``@W0H4IW"X_:2*6%"BQ@`JL2A@1&0`+Q
MF$(")4@!1XAQ2P14X`PW($$4'^J!VGJ`"`18@0<4L(2VNG6,R9Q:1]^"1@`F
MQ`\^4``#].48]W"@LA5`P1(B"8LE`:-AC&WL*A:`@5PX1@-=&!@0TQ:K&2Z/
M+QX;!@J.(`$4#`:.*6A!J!0V@2-U(*Q1K"UM/3`%!"@@!B-80_3_?ANUX-)H
MN#=JIG$QX;EH8@(&#*"JQ\ZF"[Y6%@/'X$]?N10E#V2WL1Q8P4>NQ(&`@2$&
M\PW!QFIUW1"$DF/"T``&.+L+Q1:@%?-1V`(^X%#][I>_"Q@!#*(GO8P"EZ/\
MFVM<0(JU!D,@"$&PP15D-S'G9N1(1WB(.!/;892"N"+V@0@*'("`(DA,G1#A
MV#(\=H8`.&D7_"+``4*0JKX(H6"MF.=+^H""_)C@!CZV+0[X"X,<N)7`<!5N
MDHF;G04[.)J:(@,!-)``C;!8%N#9Q1BH=$M8V:<$8'"!EZW$@37`H('J!&4%
MJ#Q#!YA"8+'H6!_$@($;.(`+?VU``-PK_[N4+"`%K>#D2VZY`@)(X`8MT*]M
M:SL%`D"/`F1`=/[BBF!Y+1@"T,0V)K`PA!Y\(`"?BJ-@)B""'B``&"B]M$H>
MZPOMOJ+4I\9C1D31@A$JH`.N"U+`#LB`+BQ``&N0DE[X98,(]TXOKBC`!U::
ML`G<\@8V6`"RC_UC#T#!V8=^WY&IO>@$T]71FKKKMC_P@B7D@``"(`%_BI&1
M98Q"@7#<'9<>6P#4:9<#)"!`+F1'F`)PUW@P`,,'7@0#`?@RH!A`GB@=*P2-
M@&$!^_(+++3@@@]028@,59@#%+"&7'I8BK4=]!H(D'&-%QC)S"RNHSE!!C6P
MP`<#B($`SI8J&O_"40L,."LI1CV,/BC*T_SB@`16[=?WH'L*M3`Z\`10`,U2
M9`$$B#`1%@`&#*QPA!'SF%^F8'6%99T8+0BH!Z0H@?C95@:F=JOTS)[H`W>\
M4G5=.Z2U#8$3`'R&3V@I?<:)`+'M.;%^7X#-K021/9+"NO8YVQ/W;8I6;&0$
M&"Z>!@IP`!(<0`&%Z:L6$IBZL[6`H8+O@`".#>AE4P$,)RS[6Z>MZ+0O6?:;
MT,%=K8"%&IAA"`1``>Z?"HL4D`#6ML(!&K``?+<8K1`8A6=X^E)W?R`$L6-I
M(G!U']`!R2`!$P!$??`!&G`WQU<"^><76N!4@B<!6M`"%3!Z4G0#NC3_""/P
M`1C05JO'>NSG>NYW-?"'5Y#F!SW2!5EP!47``%DU,1Z0!_NV8;HP0P(H?.ZV
M.PAH7;KS;K6R#'0V;P+@`F>`3U#X!R>P@<Q08WZW`L77`M\G`3BP5@U`24V2
M!R.P!"G0!14`<`I0=AO7?IGS?C<(:5C@8!]0`UF0!=<C$<DP`0MP`OL"8D("
M62YQ<WV0<@DX"T]H:2PG1%-8&&"0`%S`!4[E&"V@`%.03L='>>*!`D2@`14`
M`Q]P`@4@`Q]PBFR@1:=G`J/8`QDWAS18AS9X@YJ"!5B`;2P0`UD0!%V``%Q`
M1[LP`6LP`B;P'NJ&;H@(>(9'28WH6%!(,;,P_P%9A4TI,!A\1D?85`%44@K?
MJ`4DD`?6ISQ%4`"C1X(,I4L+L`!$,'I<U$6FXELR:&"8<T9V>(>9D(L^X`=V
M44L(X#<+4#";QBL30RLQ-#"`!08C$7-I)D^5\0=%D`#%T%@#HXRBH`6TA`"[
M-Q@3``9<V`<>L``=(`I]``HK5`$I``8I4`$%P%`>T`(TD`("`#PX$$Q3(`]2
M%0`:-X?[4VT*IH^<L$80X`-!IP%(B90?0`!=,!%/H!>8J&(-Q`Q5``8>F5FO
ML&]OPP%BT`-L,$[(MX2O8`-3P$"F$`(5T`,]D`(8Y$$(@P(L.09=T``ID`,U
MT`7H5P0=@&$U8`$GM_\`.4D%\P,%&D``AC9&,U@=0*EV0CF4$-`#-_8$KO8$
M8D`'I8@`?<`%/(0"$K%O(8`"#(```I`VAJ$1:<8*K[,`;+`1RRB6)[4Z%0`1
M##0!;(`!+H`#GW(%%M$!'P`#><!*-?``%S"</C`#)V!R%C`#U#,$;+D`@TD%
M$1!D1G9V'%>#_].8G6,O$$`&%>!JNR<[&HE^&$`$VB@D$D$,N5<%`C`8U34!
MO#20&D`#$P0#]%D(!2`&>R&6U>0*#/`!(N``9[`,&L$,*+``-C`A:.`#$/``
M?3B<#_``/C*<%[`]U%,#`_`!="!,4.`",@`&17`%M/B3ULED0@EE\N<'/5#_
M$O@D`K]6`D\)6):'`"$@!+/C"H`U=S.E01]`EY"U`.A(#"KED:2BGXL1`*HU
M.C.T"GQ1`C!P`GGP`3V0!=B&;0\JG!<P`Q)*H=0S``(`!5UT#Q&P`@H`H@46
M7")JB]>)G0R&@RQ@9N[UD6M)DD+U;\6T!L@@1+%0!1B``I,&67X#!A7@`NV9
M$?@$1PA#I(O1)"^A?_JRJ"&0``.(`3R(!0SZH%E@I5@ZH=2CG%LZ`!K`!DHC
M`Q&@-*:#F,FD".]B(QZ7CVJZIINR!!,3`F`P`V20`@J$`GK$`=TT:0'9JY=I
M`P?`7!JQ``IP`(7A"GKTE,MPJ(@J#"V0`D(R3\$C_P3510(=D`(L<`$0T(=5
M:J42JJGCTST7I5O0N:%$H`!=@#^(T`5%L!;^]GI!V:J8`$U^$`-YX0`E((OR
M9P'F<ZRO@`(^UXX)H$@)L`*A-0M3,`(K,!Y(&&RD0!\1@6L,U%A:("0H$($<
M<``8T`$(0`1]``9KB0%3$($,L(:%D(?=ZJ#?JJ7=DP,-@`'RH"(10`2?D`.N
M$QT]T`!\D`)CUP"/L`(NT#S6)J^<\`"P*IDDL`0-A@4](%C.6!^B*$$.P`#\
MEUEILWO:5;&?P@8(0`)',`9AX`8LT`,Q\`#;V4HV4`0Y`"QOUZTIN[+<TSTL
M\`'T`YWY\`'L$@!+P`,8T/\6!W`"#0`OS=,!*_!Q1,L)'[`&N/<!3X8)+-`!
MBD&D^M("@-ITLX"GRG>!3ZE=O2,>*7`$*3``#]`YOQ@$$SH#6:`)"^JV#_JM
MX-JIW4,`"R"J1+"A+I``>`LI;=$"`9`#`1!DE=0!;:%('W6XG,`"FK1<!I&Z
M$%`#Z]F:C>47&E$!PRA4?+81FG>)7.",P3`!8B!$)S:ZLZ=M.IB#LX<)K.NM
MPTFAZC,`9-";":`<^"``8)"W_A``!T`%^>L(*Y!@L&>\G#":GE(!/L"\$+`$
MM]2L0D(,E4@JR\`N`6EY&D`""#.QD/%N8M`Q8#`$3P9E"8%M)[H)Z>NZ[.L^
M`]#_`S!`#\I11:#9#\FV",*;36VXJCD"P*I[`O(Q`5/0`[MHMCE0!&&Y&!E!
M54.H<@]L`V!0`"Y4F+MF*]3Z*B4@?KIX$)[38`=QJ:Q+PG'K/A1`DT10%BS<
M+JBZ!CVP`'30`38`?4?0!5U@N#:L@W_)#$RYK4'@AS+0K.,$,!-0`%:D+WQ:
M6I+)!0A@`Q0<O0BP!*8X`%.ZR-H6POX8<OZ(Q6ZKQ>'*Q5?P`55H#U64/[P;
M`#`P`ET``UV0O_]6`&/0`$6@.:A<!*S<RJ[\RK`<R[+\RI^K`!-T!$LP`JP\
M`K8L0;[\R\`<S,"L``U@R\CCRQL@0<0LS,$,`SL``B#P70&S/,VS?`)%<`*V
METG:7#S<?,M,0`!'],TC-,Y,T``-@$$45)\V<`='0!`@(";P',_R/,_T7,_V
G?,_XG,_ZO,_\W,_^_,__?`*+,]`$7=`&?=`(G=`*O=`,'0Z!```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>32
<FILENAME>o68633o6863311.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863311.gif
M1TE&.#EAT`"?`.8``-/,LZ%B3<&ZGL?#J*>FE<_1S7=V;I>7B.GGU_W^_;BV
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MH:ZNF<_)J<[%J]K9S9^3=O?T[<_0K;F^PDU<=ZB;<*R8=9>,<K&NG;"5=S=`
M6-;.JH6,D=+&IM;.IZBML<!M7][BX=7.KM7.K/?V\N_Q\*]Z8O;X]ZB):;&V
MLX<0#>WLZ/GZ^N?GV%=85=G<VXZ-?:V0<.GK[*F;>?___];-K2'Y!```````
M+`````#0`)\```?_@'YU#H2%AH>(B8J+C(V.CY"1DI.4E9`P?GX0FYR=GI^@
MH:*CI*6FIZBIJJNLJ!Z9$$D4`K.UM+>VN4P@N;B^O<"_PL'$P\;%R,?*R<S+
MSLQ'KYH;?]76U]C7'"H$33DD)1_9V1_EX^?HZ>KK[.WN[_#QZ1K2$-3Q'&T`
M`"0M'.SFY`D<2/#:"&P'"RJ41P_6/7A!2$3`H2+<NW(?./Q;R+%CM1$;_W!(
MZ+'DN8;3Y'$@(2-"BQ(:W_WCP,:D38$CV.AL\8'DS9LH[<G[H(+#!YXD0J[+
MR,'?SZ?N2@29JA,JT'H/+TZ%*2/INI4:RUTAP&"#&#$9)%RQ>@VCM:8:_^,:
M'3&BS<MP&,5E;.&OG!("&9KH42!$"`,EX8SF71R6:6-Q<44^#9H5ZLH1)7!$
M$&*$2($?.EX08,'6FMMJ=C626-U"9+['D-O07!F$@@8#&D3H,6#$@`$F3"C@
M(-'S0XD2(SYH-AZNAE$9S'O.'D%B,M;2?SZ$D$I"10<C&58,"5+C)?8_,/\<
MI!DB@GL<.%9F#H'#,4TV(UDPV''`P($+8(#1QP5]//#``C,PD8,%A06A0@XU
MM!&$/S)@%L0'$[4PP00DD`22=0YA%PX**@R0@1F$68"&##E4=!Y^(U38U(8Y
M?$A7=RKX0\$!3?2H1P-`:J!!&#/,L,`#8"Q`(/\87UPP`Q`K=)A#!"$<Q=-*
M->1T80LJ!!$...J!I)1)E&''P00HL'!"&C9@0=<(-4`WIF4=9JD1#NF-I)P,
M9PB@``$&A!&&"%I<8*B311IXI*)(]K$`&$ET0`(.5^Q0`PI\R<C7'S5$\(&7
M.`P@@``ER)C=3V66UA,`6/SPP@X`[$!!4A88=5Y=4NT3A*<E8"&`&`0<T``0
M06IAX+$/(('$L0L@T<>SCBZP@*-]&)`!+4T`(<8`2@"`PU03_M/B`-TT\!L6
M%<H6`:K7J5H>#B<PL0((1M@@1)7PW5I;!AJD=4!_!A1;(!@/#"@MM,\>N:C"
MTBK:1Y))`-F`"$G@P03_$!<0T($2(P4A!`7#:M`D$P<(01<;):Q[58BE-;5:
M#3LL000!-=105$"ED0"`'D!DD,3/%!/X1;+31BMMT<\:B/`,!3=<]($',GU@
MT$DPL?%45AAP1!),2SN#`7H@%@0;RH%UFD*ILE5."W0)T0&*2J"1(\YLM<'&
M`4S@<;2C2#2,\-^`!RXXP@=..\,%`1]QA-8$`GZ!%@:LH`3;&275DT\$I6T5
MACTYQX`>&0P@)MU6A<!!%<,VH$$2!1H]^.NP$W[PX6&P?JC2?Q^M00,"C("&
M<AGER)'F4)4#4XP<"&&!\<C-^50$``A`P`K\'N%DX4C'KCW@A2M*(/;+<J^P
M_Q9`4&!!A\:IH,+P[;*UD@6UKDU<;,[_)(0$0"SN&^M=9[_]_PA;U($N<+1C
M`>YH1P*#`13`!0C%ISH+(=Y35M*/%I`-+!II@U<V)PX`&$`$2$K2]PX&P!)&
M*VG(*E`*_R;"(P'(`%90P?S$$<'VJ:TGJT$?&UJ0P_J59":Q.L+!OM"Z@Q7,
MA-OSFQ&GM3#_.>I81EI`$HZ@@"#DH`TX8!_+;G@YZ%3H)1^0@0HF<)!RL$$B
MO+)(#C@`DQR@(2<ZJ4EVZ%*?.I*@!B&0@0":T(`C:*%O!&R:WY"8Q(,9<EHK
MS)W2#I2P(^Q`/<T)!QJ2DJ-_E*-F&9$-#:\AP9^8P_^2:[M0)C6"LA((8`!R
MH@L'RE"?-H`D/F^*20LL@!PTE$`(1"%!"%B@!R-<[X@"(J0PATFX&6BA`5CX
M0!DX$(2F!`$DQU%-&V"2H^-@[@^=_$ERC+-#;^5@`NX1`Q`NI@`;X`$/'9""
M%:P@`!8$H3W:B4`)N!`$&=@3.BA``094```,H*`E0D@>!CI@`""(8`8!F@$Q
M%TI(:5W@`5JPP>3"<;/SO9$Z_]@46,:139NLQ"TYP$`-''2%/BKT`AHHU`R0
ML+L.=(`)#)B`$'"`@@FH``,C\!@N45`#E*G``B^ABPHN)0,<R``+*W@!$\)P
M1(8Z-8E->X`&#B`#F^WR0IC_.0X.0I#'3ND3,]GHJ$F:DIURD,`"`MA=`[10
M(*054&E:.$('!N`Q4>*E!`RP@A0*PX`>B>U3Q&F-44>P`@TT]:F('=RCE#2M
M(V1`"$HXPNX$P$,2;&A#0AA"88Z3@[#:T#*6+`$`A"`%)FB@60M#UJ**Q+0O
MW&8%#3C``(P"@`UH0+)]7%P88DO+")R5`@,PF05*ZZ3$&E=PBD+0@8ZP@B.$
MX0(B`,(I!["?PIJK`6*8W#7%6I)R-&4L!S!"`QXJ+8(QT6D"1-"3P';;%9R@
M"7YT(:$&=`')'D!R!&`"<P^@!\FV[K@`#B#4#I2$,&CA8+<%0L!NFP0IBL"Q
M'/.L_T.ZQ)=M<"$$`,`P&FH@$%J&8`(88`$(;$`:)4S,?VY%[]Z@)41':<'`
MKH,6$V>0!`WHUTE:.#`"#YA>AQ+P44DBFL&21EY'D?=1RNI#DHEV-&4Y47`K
M/F3"&@<M`H*AOCN`'GWH\X&@2*!*/4$#&B*`AASHTP(A$,C\4,"%#?C1"$I`
M`<B&N>)"%HE`)'S=$AOVA:%);0%#>X"1OH#`)!V):4Q+4I&4E"ADI?#)Q/Q"
M0C4`I3.H8`0XG4!0@-`!/>B!`#O``@OP5`(TW$L@6<(,!8!P8"``(:\&.&R`
M92Q(A\$.@0(L6`IVS>M>^_K7&_BUL'>=L&(CUD`*%33D=O\@A!9,B3(Y50*P
MJ+<"*USA.!Q628T&8(!".4IQJY-U"2&MYR9N[T!]DY8$&!"#.@RBW5MP@[SC
M+>]ZUYO>]LYWOK<0`R5((,]/K;$('B5H$1B!``/X9S0<`I.1^*Y2Y=/@-=OA
M(`RLP`!@D%J`BCOKP`5R6E2&';H+)H$L],`-[GY#'6YP@S@DX.5K6,/+9Q[S
MF=O\YIG(>29ZD(5_&U<+3`#;@0$4!LGJQ@-864U>RA"$`X@A1Q-GAU30((4C
M!--(`V):QYW:O0L`(`$HM\,;'/"&.&0A"RY/@`YT<//0O#P3,[<#$?(P<YW#
M/0%#""1BE=0`&]A``TY2T@5\Q@3_K.2%C0``@@VJ@`(`^%`=,KA0UI*@K"L'
M*'Q;AY:CD43N`"YK!AO80@^FX(8\I"$-1"B"'7;@`#NHG>T)L(/+W1YW-R0@
M#CHHP-OM[H>7]R`%BWHJ&$3`!#+HP`"L*Q`1^U!XARBG/E6U@&B,4R'BN(<^
M]<$`9"\T#@L<U0`$E)JB");YA38-"0,`NP/X\`(@K)T)#BA``>S@A[4O@0QD
M@`(10E,`,A2`"%``!63`!V10!'7'>PG@!SO@0@VU-P;R!3I@/<NR+`^E+%_0
M?-/0#VPP(2T@!`V@`B@@!!>"`QI"(S)D8DUP!6@P)R-0!E;0`$33-UF'=>5'
M3`JC!`D`_P,WD`<>@'\]6`194`2VMW9FX`4%H`->8`1>0`9$D`!FD`9%``5=
M0`9=<("\YP<,@`3!A$2"E##D,UX(\BCA=S@8:`\?0`+?(%I"``1*$`*ZI$I>
M@B$C(`9F,%<\L4FF(00"<`!','#-0C!14X/"9$1]D'XPD`5UD'\!"`5UL`-%
M$`?UIP-FH`-VL`1>H`,!N`1V4(28.`=4:(5VEP`#H(4V6#`74&,Z8`1,H`5,
MTS</D`1:@P=8`3\D0`4U4P8-H%E3LAH<X!X?@`5B\!DFTP+UD0UBQ`%HH`!`
M\`!?$$7*XBR"B$1&]`!BX`9V4``.D`>*V`5UD`%YT`.O-XF5F/^$.M`%4)`'
M4%`$?""%4MA[5^A[&W`D-D@P*`4$15``<T`L%M@'5!0$09$"&"8&(``".@`$
M!/!.(^`2M<0"*_"$7:`'0N`>:Y0-`+`^&'`%X_0;&J!011*-THA(!3,$">``
M6)`%;N``,)`'$K`#;_!R2V`&1*"):?`"9K`$<?`",7F)7E`$1KA[H8AW/U:*
M?7`X!:8',O,"(-0D&B`$.4`92G``!'`%0B`J+"!4T]0\0M`$)T`$%%`%`%`J
M*Y@--=`3,E`&`S`+`G!Q24!`'FE"#*-N)A`'#K`#"N`"P%($#@"..0@#<0`#
MMP<#@/F7<<`';_`&8N=Z/@EW/>`$$F#_:,*$/4W#D3FF!81&:`W`!9J&%>M$
M`1L@`$H0'1]0`Q;1%`,P`-?FAFY4)=G`%UED`?TDF@"0`D>0,$7C0M"UEH=B
M*&^Y-P!'FTXDC\^B4%YS0D;39.&3`D-`"%DP!$.`B''0`]`9G=(YG=19G2=7
M!T/P;]B#:W5&G+*#0*>(!'<F+4C0C$<@!"JP:2_P`T50!"!@`"R0$7A8$&[!
M`B5P!AT0+=X#.1TP!R`@,3;0`5NC**[8A7]C0)K7,`63*'UC)`T*!LZ"6L]H
M9,VR:Q(@`<.6H1KZ:PGC:+OI8S-`1$Z$/30FBWBP-6&P.I`R3D(@`T'A`D[P
M&4U``$,PGPN!_Q')HP1*``*OF`2ZT0!,\`(R=W,OYP`=8"Q1A&O<PT@)JIL%
MHX4'<F!*<VA#*6@,VC4!`H@A5"2&A@1C<&A1,P-?2IY%4J#E)0)HZJ,'P#4(
M5#!*XZ,-UI$'&BTS@`=6D%E[*`'Y901&,%?YL&D$(`$4D#),D1'=12F*8P1`
M<`!2`(1\D':]1Z0)\`8_P%2^B3L!A&*$)BT/QFF<AGQ?$``!@`1P0`-RL%I&
M4CA:]P!10`-(<`%C0`.CJF01^GE*5B!&<@'.TI&"=TQS4``NP`1S4`0N0`0N
MY6F>UFD-<`(%`'Z8FJ!,<P1,,%,XZC%4,#?0$10=<`(,P`8CP"%*$?\3`R$.
MQT$!&;`C#6`$.L`'DAJID6IS?'`"QI)<VE.;C[,[J9<'15!8"%4!-!`%_@JA
M8S"PSTBP1X($`4`'!#0&`3L&#X-L8!``4=`W!.,L!&->?:,!*\"N#D`$#:`'
M-K`"!$`$-C`LZPD"'?`#)_!WA<-C1<($.\!&T%<A*X(>H4D"02$%(/`"`X!%
M6?06XBH/=&$\%/`"+Z`$5I![+O>NB7EWD5H'X.<TU%)NR1(Q:;"S.K`$17!:
M#W`!%?"U%;`'$2NK<B"JHKH'`4`#IIJP2!`%`>"OLKH'K?JO44`'%1`%<QL%
M:)NV40`I>M`%,%`'16`#89`P/\.*A_,X@D+_*",$C0*V`+L3'^IS%V8E(1/2
M9?5@D`/``F(F`]JP04*;'+>T`RY0!"/K`+N7@%<(=W>7`'/@:2-$;D4#73;`
M!&E`<S!``"!D*!5`!W0`!S.0L#1`!VK;NW0@O/Z:L`FK!KW;NV_[M<=KM\_;
MNVI@M[TK!T<@<T70`4S%>64:?%-+CP$":4DB70>A03,A#A.P8<81`D%!`+Z3
M%!Q@`=?0!K(A$')B'`.P`G%PF*#HM.ZJNG47!T5@/=C35L)I9"(P+/S;>@DX
M<T70`*EJO#3P`*5*`U\+!G!`!U%PP5^;L';+L!7LKU]+`VH`!L>[!VH[O-6+
MMQRL`0E0!__1-0\5_R#;:4@*=4+GI9](D`1Z\`$Y`#R000*VA!='`6W*@1S9
MMA#.81<E8`5YL+H_.7-Q4`!=D`=\``-V@)@)T`6S^6.+5B0^_!M'8`-F@`D(
M:`=%``0KE;P<C,%O2P-PX*]?`,=P3+R_&[#^"@=I2P=R4`$!(`?$N[P<7+=1
MT`!Y4`=-\$3BICU3RLBGJ`%*@#[K`&TH\"UH@`(=45DU0`%SH+I2K',P0`3^
M.23V-9`@D`9=L`1'$$+F=01`H`=)L`([P`5"L`)TM[HOEP=',`/^N@=@ZZ_$
MV[LK?+P?3`<B[*](0,)JR\''C,%TT,*&G`0VL`8'L%(<-VX#\V(IJCA'(/\`
M-6&C$I:!G*,^'4$>+8`%)U`'H!S*F=`%0^)M3'0H@J('6C<@'R2HW5("->.(
MKH>`D6H'!A"\`=`'I9JVLBJJ*WS!HEJJ"W#04;```:`&"!T`8ZO0:2L'-+`'
M&BT'#Q`&(/`#.D9(4Z0'!Q`>*Z"G5K`#+2`;CU<-[_M,)-!,XBP0&`$"=-?.
M".@`,><`1:`'-6Q>C`0@S6(@NWH`4]%`DU0"(4``J*O3?@".,%`$1&!U2"9H
MYL5:Y:5>N:I0&=<]J9I0!2*>8[`L&><TS@(YL49^)A0&!D`>L/0!.B$=M5+)
M]0!#`T!/[M$1880%0#"DH=RL'=`$-O`"1I`$7:O_FT>3<4;2:'UP`%R@'1V"
M!BT0`AL`V#])!$!--&R9;`\P!DB2P])2UND6/DP4H8RU+,BF=3_6+`4JG@I#
M2!I`&*_I*1A!:G8-"SM0``Q`/4JP/AR!'VA%`+H7R@E@>N.54*W=IL\B@R*D
M!RJ`!O71'!%``3F-@&O`!'K@0@BB9(BF9(+F9`B4:*GJ+*J*6@[:+'3Z>7C6
M5DTB3#26`A@0`I-4'^I3#A^B#D&Q`S$0`S?0VSN@$S$B3S(TEL<!'>)`:J/)
M%W/-0S6@!"?`!WP0P*`\<\V:I>$792BD0A>@!T'P1FP4`2A``@-0W$3*!R`@
M``]6@7O#H,@"H<J%6DJV_V,)(YY#V3`(I85:V*:,1'`\AFNR)BT&0`6.-RD-
M=S;S4`_\;0(F<`<%``)6`!]GV`_B0`+WVP9AQ+[@T'`@83QM(`,<4$Y-^'90
MW7M=`(--(F@*>JNYT^&C.2%M0P!%T`5S/G\)4``K@`4EH`09``2`9B`OICA!
MTD>GI60`TK*Q8VM>(Z<#-HT_SIT&5#!',*@B4=/ZK>1,C@!-/@4,8`9F8+0K
M(`!G0((B]4Y_4-DE4!'N$2=C:3SQ`P`'H'MEGG,O9P8K59Z)5IL'Y.:0\49,
M+>)EP)088`4_\`-2H'U=P07<IF`!TP$*!AS^L0-B@'Q&?<^Q(VEE;<-9:EZZ
M2?^/"II(FY>E,K@`0.`F%A$/0<%N3,[D//`$-\`FHDX`/\!I!&`%!-"9+,`%
M-Z5](LB!;,-,,6$%+3GK=V<&B&NF2[+K>C":>G(</#0"7%4"'8("\B3QDR0$
MT604+3`5D[L2#-!M1,26VA-%N:G8""0H.L:=)*2@@F<H?3`TY#XK.!!UEZ[;
M,;#N)A`#=_`$3^`$+@"5GRDJ.S``.R`%>B`!^P``65(#'8*^LY$=E]VT/UD'
M:<`$X^7RT+*%,L;KE5XY$Z`8;:`^KC0I(Z`"&%)J'=+EX:!*37$<`P`$@.>=
MK_-0,%^@JQT&\B(&>F`Q6W.*/HJF%(.;WX,D`_0`(F#_``(`NO"PWTS>WS'`
M\_U]!R;@!/M*61Y6#BRP`1E@!0I@[_<N`"LA&PGQBWK@EP0/KUUP`B"@`6T%
MG`'$]6P4#FS``M(S`/U`%W]0Y+_#54+<$SE0!KX('_!!`@R0`0:@0MI#,#-P
M&_FC.BEE*`;``"\1!'YB!?^2`=B?TBO`7\CJ:4(2!EYS!%:0&):>Y+J=\S>?
M\T\0`YIN`CS@Y"O@>"X#%UA@_59`]&)P7RP=(QD!"&Q!.W,)"7Z(B8F&=@D]
M"79\1Q</"WTS?9F:"Q=Z)1]_'!8D,@,V'2L'`A\R)24<)!\?L+&RH6TM+;`C
MH"-_(T)73!=]#YK'R,47(GA2_SL#.U8B>@T-26Q_?ZX?(VUM'-YM?Q^N'"Q7
M2@S0&D=A24=*;1\MH-GV]_CW&AZ($`,\/&((C/$$(((8")[<D2(`0(T_)%0(
MX=+B#QH4)0#H&K""U`<<%E1P"`*BB*%#BA0=0KDDS`PM1W0P,6`@R9=+G/3@
M"(&CA8HK!(#\T!-BP($,*P@HF8`A2(D:$X38"L6AJE6K)$8J8(*$V`,P8!X\
MF`&FSX*SQPP8V6%AA-N1`S:P&#>.P]1[LWRV*(%CPH@(082D:&(@@U,T'/(I
M5KROWPZ!)@KRN$.PH`D3/FXT4"&CVX=8(V3(XH!A!`X5>D#L"((&S0<4&*[H
M*'`RI?]M1$:2&`!B@\"9,SL::)CQM1,`&6@&=%@N``=R%5RP*#\1(40(5Q%0
M3%B,CTKU)DEFB+]`WBNE!Q=F(`&CP4"##@)D<,`100:)%A-(<+\72X:,&B2P
MD9$0**!@`1=66#$!#A_AL!]WC?D!`0.71?;$$S'<<<>%'/+@"0XEA)`#"CRU
M````&(C&`H@"Z("*$@#@`(`%`@!!&TJW*?*"#C\4X<`:+W"1`QH@:)#),BJ0
M`$`2#'Q2@PR!6>!:"P,TL$,-&'!0`B\`/)B-$"U@0($&'1PAUIE@H55)>ZET
M,``&'R79QC;U/)C#!]9]@`8&KGT@A!`4'-"`$K&TII^7^43_",$.)O!@`D('
M7:@A`G=DL4('("A@!1`$Y%`#&B24,4$($%UQ12EZ`"`&"!1DI\0**Q!!&R(X
MWM;%"WF<5,0*+-1@`1`:D)?$?4*$H02HNGP0P4XU?'#%`4H$\9\*2>:0F%W<
M?0)8"T&`AY99Q2R0!#L'F+*"$BT(H<0.#'X01`LD^.(E!G.^R]<?6(B!%`$"
M!$%"GR5@@R@^BCYF@H8^^(!`0@7=,`<!$-MP``B7=J`$GM!00,`!$F20`04G
M@(#"`#](04`'8K!P1@-\U):C'W&\<*,A+IR`11M;:2`"$U8HL,,!.Y0`KUNA
M^1F:!`0\<P46((!P!K9UYL,-!UP(_Q&!#0U,HX$[Z+VC&CD$2-#$`,\"P8"T
MHKF":'4EJ)`#"3A<>H("2HS@2ALC9$7"H0/;HZ@"3IC@1`%##%%`HR8,<0`%
M%F@$0!!!H`"`#4`<H(<(&6AP\@E#,"#!`08DN0%-!(P`BW)QU'I;`@7,;$@>
MJJDP0.8)>GP`%B"^^R\:$[!VX@9ZT$03IA^PD1AW>N(0Q`@H"'"Y!!MD<`00
M0!A``0ES1C"`"RLT8,,&.P!A!1;<E"$#HD)P4$,-+(3/Q`XM5,=@O)\Q*&_?
MV2CZ7@--$$`!!1+HP`L:H!0+M*`&$4A1#=A``A8XCPNOL`X#@%:#$9P(`!_(
M0?K8@(80`/]`"&(X@2%>YH=&+,$!)TG`&](P@/]PH`P`B,`'V@"JO;GE(S+`
M(&`X@(8:0$<(&6D`"Z[%'39@H`1!B$#;<F$!5^!``%88`%_\I(`&O&`%*(!@
M$*ZPJ2L&#5&S>P$0F,`$`EQ''I\)PCAP0((0N`5_?N.'A#90CJNXXA56H<LX
MT%"=(>BAA2&80`0`8`4*E*$%/,F@$O\0`EA,H`1EL`(1\@`#EZD$!BN00M.*
MT(6U?*(;H0#%M8XWCM'4)1NBK$H)!`""',B("[RX!]&H4A?3\`0-.<B;"I30
MA!=T0`I7:(`98!A#6`1!#$=0@-5>@8$[X8`-*O@+#@;`!`:<@07_%FB+*+-1
M%5F`(FIP5-0&X(C*$EA$`F(`TV=J,``@2($T96"DN_SRD12%X`/*>4$:[+"Z
M+NQ`/@X4P!6B:3J!D=,>5=&&%59@@1J@0`6ZL(<W\Z&7`.T$`"A0P`IRR84,
MO&`()*@:%RC@,2L<RSZN#$$0#C"Q!HA!`2`P@@*6-X)WW>^@#Q+G047R'Z,T
M`0O-5,$'L/""`;RM!/7!(`;@]!%6$"`/<2A`ZFR3@"+L8&FX(YKI$HI3;F)+
M"`<0PH@B(@Z)@C,4>]M)"&J``P4<90<"V($"=F0`EMI@!0)`0S?BU8(1Y"L#
M!,`"`%;@R\5QX5\D<$H$NNHEG9(SFDIL_T,0K'`$`7`A!!&8P/N>E+XYN4L%
M&<&/`ER00M7Y(0%3H)@-#&`%GH#(>#<]:/&J4H,,2`%N$1!)*+F#V3*8)H-!
MD<(I,A`\/)S@BE;H@!",UP(#_D$%&VC`"H3`&FJI8`(:Y(!;!,2!\S%V/XZ%
MXV=$`J(2R*:N4F#`QA30I!R4X@12X,*H/L""$^3AM"]+81>6<(`<3&`"NHCE
M0?DFT2MDP$WW-!XI%>-#(2B`O0PP``LV<`("46$'[R,;%@3`7;]$@`4*L`&A
MH"*$>T9@6=8I+RP>\ET(R1$"XR1G"*XKBR`,H*@_>($`+B4`*71`>WI8`06L
M`*W/L$$!C3#M(O].DH<?*`B[>[L+'/>&#W_)@`$@R,!U!#2+K.2#!$+0@Q@`
MN((!U``+*V@:$3;P@P[8@&)-D`$*SB`&B#4@RR7```D^$4UWU:==>*-RBQ<3
M7OQMR6XDF(#_-+@<`,!4`7K`@O@`$%(AD\`*("A$"E?'B`(080<Q^H0W1YW0
MT5C%U-UL@Y?MT086")4#@=H`=6>8%5\DILM*T(`4P*2""#0.(A\(21"P<*H@
M4``$'=A-!SZ6`05P(0C7(04'N!4$6*C:+0$:-*%?'..#\@*)%!"!5*ZPFQ7H
M8`74.X`*V&@*,>3`!GDH``E38@@^$($"U>:%EN[99?V,1M6UR%M6SJK_&"SL
MBP)S8<,(T!`$-J"``P"8P!E`\().3906$>`"(T=0D7QPH`DL2!>>"*YM1!4:
MCC<,`@"`,*H1M"_-2=E!^E#P@>3*W`:;GC>M$@`"*O`E%UIJ@8#LP:WN=D9+
M[[I6;!<#"A:HMP$#L(#"J5L##JC4;<F=(D+K18X(1!0?%FA"#$,@Z)*3\^3X
MNR$Y;#`!=R&21'^F!P;^,($J9(!R(U3RZNQ`!#;N.03(N2$.L$"^J@>AB3C0
MDMIHB"@&BJ8%&!:#0^VSOAI0P0+-"^M9.7"%.D]`!J3"1PM6P(07V."/2S=[
M8[G-6+4?@`MRK@'9J=4[?V,4&%P`02-TKI(X_X`@",J*P$B6%A?`;HP%KM`=
M&D0C"W@MF#NXX-(.W'P4DRX\L1%`LQ6.]\T2&(4`&WC!&;Q[CY$\HP0*R(`Y
M58\_M.-OU#;@S&<`P!GF3WL^?\DL`2K)>T78X0?-\A$[EA0$8`4R-UFL@@6A
M\@W:U7P=]R`<8#P`$@M*\#\:XR9!T!/TE11>-@NOT`$*4@(Z(``6\&6GL2``
M<`!=0G+LERBLUV(<`(*\8"*X1`)O@QA_(`-",D@"<"/]=UH)T`'<P`($T`0[
MX!&I1`(#\#D'L`$;0`$RMS=:@BA"TRP@D@-P@D!"``0[8$%"M0(9P$9E%8%7
M\`-!4`8H(`$Z0`5?%O\!;A$"*.`_QM.")L=MH]1-J'05LN`9?Z!R)])P+)!)
M)!`!)%`#2$0/KC$?[P(B*G``!?`&<;![M)(CAO`#`B`&#:!,1=--LN!J0@<`
M#.`""M`$AH%&$_4+SS<.2N0O8+9%%#``8,4".1`!-:``'3!$JN9]$I`$!*!E
M.`![*R!#LZ!*0/0')U(#5B`!W+6'=+AM_2`7Y2!TBM<&\20T`W(`W%,Y!\`.
M1[`"#+`",8("#.(E-G8R#7`"4S5"^`6$AU``/[`#(5>"+(@7*@`Q0F`!GU$5
MOL`-%%6(L@>*0V`#4I`!!H`'0*`'"C`$3:!,?S`$!,``&;`#$LD"]/5(*]#_
M:MWU`3M@!$;0`%)`#0:@`Q*P$V[Q%,W(&-S&!E2PCQ]0!DK8BUGF,6#X`GA@
M!=1%+8U#`#8`<LXQC@\2+T_25E(``SO'CB?A!G8P7551$?-H#VSP`36@DV(P
M$MDD=/>"#[S`#0.@!Q#3+U4A!``0%P20"B!P%")P`$G@%%2`/<J"!030&F@0
M'`B)`TJP`=MC!#K&%T\R#R?I@OW0`$>1`0(P``+0BQD011<D!!BPD0KB&CB`
M`PN7)!=``=#!!:F8#TX$"H!R`H_8"'9@!S#@`$7@`F;P`UU@!<M3/'KTDZ;1
M`@*`%&>``O*Q-^N'4&Z1"[#R%YV1'\'G"]Y'`3#B_T$!8X.P@%1L4"YA!`0@
M8`,OT)Q`\`*E5Y8#<`8`T#9]23`OEI9<,'V`.0#@(`NNT0950`%<"):'IP(6
M\"=6<VQUDWKY@$M<0!$?40;`DP9S,`<G(#%8@%0G%@2!=IF+83H6D!TY(`5F
M`"O.A@&+A5!]*!48H`<"@$39I`*0\R>C\!9L\#:Q\)@\@9X/I0`Z@)?E8H,J
M4""!T2RU"`0=P``8@`+7J0_<-G)EX%O5X49'10$&(`48,`$H0(M:]0$``'&0
M=F*(LI=%DWCK(YO:@&U)TAJLED=>@@.@\I0XP%83H`3BUD;W@`W[]BJNE@/N
M=6(R,`'4LC=FR@V@P(!LA/]Y%F`%+Z``HF$=U?$N*H!!,N!UD)<!L?"B<?2,
M;*!JW&2F3UD5!V`%96`!\I$8W_`-W#"(-8>:`(H/2&07=C-M3`1TO:`-6Q*!
MM$!@^R$+5)`L"20$&2!6#I(-"I8N!`"A\,)-WX!*WO2J90"9XZ!G.>`D/[`!
MIZ)PTV9`+U1!P"<#T/&::"`$?)H_=E@/^@9P;B$#JI%;,N!<>M0-.0!X2@!8
M&V`%\[!7^=`&U*(+B?%&H[%55^%5Y1JEVE47;,`&$7"M0>`7H0$,!``"3=`$
M8J`$G2%@>!$*KP"KHF2F=WHU"O!;YM0-Z4H+;C$!%O!]>"4#/:%R:+!*$"-D
M6]+_"J*D1F?W@A*%`ZIF%<XZ`-#Z=?QA%[(@!#_3`(E%#IYZK/O1:UC0`5<`
M?#$D`T*0HPQ`70TH9?C#`33W`4H0:?D0&G<Z`K>:>`RW`P6HHA%:`D1X%!N0
M#OVC!"70%LU2F^VGL8&:&(^9#2NP`S-6`R)[#Y"IH"&``01P`@R')RS;-SS+
M`&;0G&9P!;R0?A:0`VS``@#7E)_Z![D@`V>;#Q^4(FR$)_>$"]!1EQW`!$;`
M!"`P`!A4/$IP,NI&/WJ+DL^(#[#P!X\Y"R2A!*<A`Z^*#VG*"PG4!`<P)W"Y
MMHB"(DO8H@*P&S]``$/09]Y0=K*%1*8C`2N0#PD4%6LU_[5#<Z?6,0`Z\`*@
M=AP,,C0:N0$R\D%E%4Y8>PN/.0+-1*HJ)U2A>P^=X0K4DGX:07;ZJKK9@@%U
M%@O520MM@%D"E[T'Y20MP$L#(#4<L$M-$GBADA$SPC-4@$"%J"7_HB4$,`"]
M@#<'=7*P(`O^-5D;X(7YF`_;VS:F@`4C,"I[$7KBRQVD4"[?D(%[TD'M`@XD
M6[F*81?:TP`4<%8.VP1<:0-O!E]2L`+!<P"ELV>%R''^:4&C*`0DT*)$FK&7
M6WZ'DE@"\%,Y%"^K=@^N\"\E8(08U49I=<'[,0%H1@];Y4TC0"U3<8KD%`L1
M<`!2,`L498L#0`)(VP%`(%T*(/\`/D.1GT'%?UI!1H$%$"<:VE#`W(8&<Y(5
MSY01U]H`36)*7'4/&`"'*"!I.OQM_L)B4"Q15<$&%`"ALU"MBF=J=:+%^R%\
M$V!U_\$4-:`:AABT.S""Z5MU:I.5LT#)KZ!P?Z`*X_`)4`J]SPA1V6&(;4`!
M6$,!<C8P%A`$*E!G>B8+;CB%BXP7G&<&5`!!]+&R7;47GO(')/,"/]`]#K%T
M[',*@PA17J(E$7`&!/`#*>"B@R9.?Z%2%D`!)MP".3"KI_H@W]K+@?4)GX`8
M%CS,=4%N_5+!<Z=MO)`#;1"6!_`!9P!4-(>Q>($&O>@G>_H@W*`"S78:(KQZ
MSV@:2B#_!H6*?$)#+9%Z#ZZ$`C7P*@;@N%"11.0WS,/X!RSP`Q$`*F)5<H/,
M#6A0!F*P`FWC*9^0#U(1P4_AGN77`CC`+R$0$MHF3BQP;%:R9U.#/0,3(FY(
M`C1RD>NCL`M*S_?`2@!2`K;[77#C+DH0%T"P-^_*T_E0;;9\!O2#*%61(#.6
MT5?;#V9)J@IHF:PP`LV"*%#9`ER`40^J%'O#+5*-#QUP!IGL1MNA;>OF5QD@
M*#MP8AIQQ/;@<E9@`V-,#W3="C)\!>#<8HJB`5++!00@!LQC>,!7N;/H+F40
M`NIB`\;U'^O<UW^@!\\6`=;RT%XB"XHF!9@7VTGT4%(S#],G_P4L,-+<P2"P
ML&.KS5CBQ!,1P$H<%!COLA<\=!\DZW&F-`LQ=&-&0`'K,TA#8AK#+``GP''1
M&M6?.D.&8H/YYT$*&P(0&02&F%`DFXH[,1)8H`$R5P+^,0(&A0_D^2=-^+S?
M)4XVR$X@P"W_(1H5-$6S`"IF'1$U4",@(`10,H@)#<48``)H0`^"1-=588HA
MX*VN\!<.!U,'1-#[40)]4@,0F0%I^:>K*5$'`(:L$B-!S6U7K"I``(8FY4WS
MDRP\@2AHH`*EM)$*<']DI];7&0(;]1<EH'%>TK&RD'B)EB3_XBMF:P/P`N2S
M[89[\2=$IA&Z`-RA8`4$H`+[B\WA_/]B*8`%(>;''H2)0#`VK`A@FTO73,MQ
M%K`5\((GNK7()0`"^)A&9AW"M/"8>I8.4@2&\UNYJL8*,B`H!$!=ZYJNF`M6
M$&XZL@U>+]8`3ZB`1&M.Y*``!WDV4+FCRMR/]^%00\`$_CDGF3S,*-`!)5,%
M,M0WLN`-G^=!"J`!Q"4H&<`%P3;/P4T.$)<!*N!;_L$&K2JZ;7``#*`=%33C
MSR@?[QI25<=`;>!@_?-?(Y'?W($!KRU#6^D@]S'A%^PG&E-4E[T?&YX5PT8!
M7#`$0#``7"`(#!"D>XDH6=$&,F0EZM,9R+ZR\Y`!`_!0RP/M<R2;(+)#M-"`
M7)0!("`&637_C#J;#8FTUQH3;<4.QJP0R'Q:`H+T`57$Y*&`%Z.6"WE3`CL@
M`D36A!;072C01B&`AEB.N7HH"Y^@!$!``4(W"W^:>NP45@,P1-I@:OR*1U(V
M\0#NL(EG+7KX%B\GPX(TP:*1BMY4G`-@/;#0:Z!"'P8BZ7Q*O8^YE8>V550A
M"\Q7IWF&!4T@`"9M]*,Q%9<)"Q?^E->A%4`@!E;;[0A(KRF`GLW2`M0H#GC$
M\4B?Z3J\9QQOKM,&ELGUVZ]`D105PJ`R04V!69XB&NGS[,=:MB'`V0*0R:]<
M2L735S7@7P:H5UT%#LGR!]<..F>0"UZ2$6S@'R:+"B'!<%.T5`[+_[[.*"$-
M(`1)PI3Y@.S:Y1\R4.%BI$RMC@\#QPUYPP$FS`4"@#)246T!R+)M@`&$I`=9
M4:Y[2&JMD!$P*^/DQ%5[V"PO+BUJXR7U02T9Z'UZ8+R?$6CY?H=$A)W/"'Q_
MH&`>!P@<(R-_'W\C.`,[!V<<''^0D3(A.#D3``Q7+"(@!$5S!$(#+!^&D:>H
MJ:JKJB$38D`L$2&#M2,<%D)!02UM'T$Y)`TD*B6LQXXE)1$R;"U**P`A0BJ/
MQW\<QK8?$4([3!UB'1T@%"QH$7]M)+=_;*D:'GY^$!LU$3C.;:D?@QPM+8*H
M$!("P`$6;:R=FL5A`C0;!VS8,$/`Q!0I&?^D'"@AP]2UCR`A`5#R@L*'$%Q&
ME''$DA"'#S)J?"BA8L`1*F@\AH142EF$#T*LV!!3J!_(?RT^X/A`@L0'+`<(
M;-`C9((``@>L<.$2I,V(4N]0Q9M7C]L(ISIYFD)*@D,-)7IV`#"&BD,P`!LD
M""DQP`P#$SQBF,AR9X4"=CL3LT(Q0,<*`A24_"L11(BNCHD$"*"0-P.!F705
MEPK"H>..!N8FY`R15M6_ES)&M%!AH=Q/%B5*<<!"`,0.TJ5FPI-';T.)$<%.
M'F/W=0**$"YLB!"PJ\77#RTF3-B10<F$`0=..(G!`T%@!"9.4&B16Y!"Q3LC
M<`%B90<!(!FL$-#_8\"`"`)6-!"5%`H,8`$7A:C00DC!-5@""364T(00@K`1
M1'`@]=-6(3*P8`!7+9#P$P<DY-`&%M.5LI0R&/XQ5G'P%36(A4I0H$<#3:Q@
M!8$[#-&`$KEMT$$6YI6'P)$(W$&`$FT<1T)2,>[$01D#-,#`!RS8MX(8.PS`
M``,#*$':>XHE]-)7'`3QAPP6$)"!FE&B,@(63$SPBU-F8O,!=T,<H,<`+=20
M30F.O%A/E$RU%5`-?P`P@`(46)'7`2"LL`(%;ZU@PAT^^(!DDCNL0(40LD7@
M2)P?Y="5`$T`,($ODY0P01`EM/`2!VR0F5A3)>:00VELG)!!1ZB>PD8&_PKD
M$($%$U"R%#8DX"`&LAGL@`$&7%@P@DR&;A`GKPG-56)..$3P4Q``L#I`"00,
M@0!YG]YQAPL$Y&!!"!%L6"PK:#B9@1BS?H"!A7;*$-L'+$7)FC)>U0)1(X3L
M^T<0!KB`S@AHX+"4;H*,4((0!ZQPA@HUR`93MZCRBC$:9_%J`1L?U/"D$@V`
MT`$!\M[QZ9%W@,"%"B&0J*O$D$2`!D$X="#!%0#@0`D&:$3BB+[P^5.(TRS\
M@"FM0\<8P1E`_"``"Q:0R!PD0G!!0D<"O/"#`0S@`(`%*,-7"K2#L!?"WA'4
M($2)M^:0<0@99/&$D?%FL4(9(21$]"K=<$!)EO]--`#H"`#,Q88S'4>I'7/8
M$2!%&7>&MF\)*%"Q@@$4!$$"%8AQ$`$**&B+`N-Z;"!`""S4+9I'&/KCR'7N
MX=H/%B`XL;-YYOFV-J&/IR)$#8(NM?8`0"B14PX(YYIPC`ID(,1,0BAP0"&T
M&B5QK4VR,4`3XN\%2:X`G<5&ATH0\,(!0_B>V-V10)BM6'*K0?5C)B1H@P!6
M<(<GQ,`'\CJ2#YQ```F(X4HSX852#,&!-G@P@:6X!?0^8H$(C*!)_8B`"D`@
M!14<T".G^@@.0#@"&1#@,>'I`/R4$)SCR(!H:6))"5B0`2#80`HRJ%T;5*""
MMI3``L1H`0L(T`0F$.?_4-%#QB-(9('Z-/"!=XC!D6)P@P(H8$L4FL4?T!`,
M9=2*5QU[$DBN$PE?3$`**4"."J(4@5I5XX8L(,$&5B"%463Q&AP00`=TD($K
M5,-C?V@*M%C2NRMZZY"K()&MSB($&PS!4X=#P!.><"03(,`'1*``!A`1@6;U
M[5K1"H$*I,&,UJ@"@)%T"A<&(`+)A`4^-0A!"6H@@`-006/FX@8.,,D*C<D`
M#0)H``'$0(`?_``$`L!!+;!!-TLRTS5/BN,*75">)\AKE*(\TA,LM0,JE``'
M/ZO&27!0!0ID8`-54,$R=[*.IOC$"D`00#JBA((2`*`)7"A!0F4U@6)\4Q7K
M_W`:#H1P!0&,`@4"8((5AJ>2#_COH=AH@ZU@\A4J:&0\GEJ>*+/0!1OPT%PU
M:$'YPC,$)Q0@#2M84"$^TL%U.,("&.BD`$@0)5)%('QMH%T?F>44D**"4#(=
M`0HBP`L4_$()%!D`+P3QT8<J)40A+$4.=N""*2`.23$0(P]\,`0"`$@!.Y`"
M(;,0F,,I"0L[/4HVV'`%!5@A*K*(D@M+\`U"DH(R?XN84R'1E`^@H!D-P]A,
M3+J"#.A(#`;PYF(+$;2V(.PX:%`""&[`@_*4=HQ'.JT)"C`$%YS`!73E@3D-
M]X0"6"%7MN2',@0`A":(80`]B9(@6F`!,:S`MQ9`@_\,9IB#S4+B+"WQA6YR
MPXX/5%0,-L"#9A>KE(3ARBT3*)QYG%`$4Z85<1$LIWE"J0!/<NH`U,`-^W@2
M":Y4B`5&(```((0PC@Y"3]K,1@M^&<#ZR4`(*1"#"5M`U:@Y]Q9LR`W">D*H
MEP3P#R7HJG.QL8P)V$!Y//B!<9,D1I4ZL#P^X,$-R+"$(=R!!P?P#@9DHB*-
MW8UV))B+Z&82G#A:P`(+^F\(VX&*/KH.<]DC01E*X(M];A@^&G;N/M@```(P
MP`<,D`(.;-"IL\;K73RX0Q8FH@-3/N$&>A"#9BS*`E[T*@?*<!K89K@.@,RF
M&'NCB=GF(K@&1<)41PX"+/3_@`,9<`$#1'TRE+>KZ$-@K@1H^$$63G`&"V2@
M@2H59001,(0,`)<`3ACE'9Q`UCG,00HGN.&E=B``O9!(`%8`P&=+L#E'#8`+
M0E#"M"3@UA4(8"]#A@12II2F`71@!R2@;J,5$^7-]J,A,I""%`BPI@.(LL0[
MPW0,0O4;-H":E,LK;188X`(7F-H%C]D!"'YK!5Y+X#%B(%!O7LN`(A0@"T,P
M#(7Z\=_7'`(;$9""`2SPQF4GIMG<_0#W%`H1(<C@!^!6:0.?P(!06&`'"DA>
M8-);6@<B:93FG$(!7@N_(MQ@"BA'>9BG<`.=E2<&I#1!!@`0!%+\MRBF<*P0
MRL$"_PP;?"<(=^H_3@)I!?SH!&DXG)?5.85.0Q%[%."?*$]K'@BF.,7OBD$#
MU_H$'TPAM>J,>-;)LW$?A`](A2"$GP]!\"LT@#4__#E(NH4O5?V!41M^B2E:
M0`%&=D'K2X?Y'$05A!!8H`DC8``(#*>SM*HU29O.M.0G?X<"=```LS@@#G;Q
M$F(*@`$BD+#<YW[%F7L%!R5H[L^#8#,0,.`.+&?`#G;P)7*#8'Q<Z".D9#``
MUY>VM"F=O/"';QX7"&`"U!C!:3+`_!N"0")Z`%)N1W\*0]TL)?C8X\]5<`8C
M6,H*QG5KJMVZ`:U^P"%820$*<OTO)V"=^/"7?`R<8`,N)/_RN#M@`0<&`*`:
MR!<FTT=]D&`H]D85,F$ZC98;(V``4B`$0X!S*B(#35$&.9`!_+,M0>`Q0T`.
M"I`%IE0D8A=_PB<819`!$J`'0_`5+,(&9P$03"1)`L@*AK(#,=!6R14"<B<Y
M$U`"!X`%>(<*95,#&-`"!S``,I"!(Q`$+,-$5R`.+M!R5">"PV=:-Y`%1%`V
M@U)A$X`83H.#,;@*AC(`"'`#,28B<E="&!`$DD)DIZ`+&,,%&7`&,G$A'X`&
M>R,#EL`%5K`"(,8S4CAY7;=U#)`!8&$K,C`+R>1&7PB&5[0#LN4""J"$.9@3
M'P`><J$,CE`***`@,C`!*T`HJ)?_#8\T$Q)%`2?P=7\X?%T'<W?@`*&B!+;"
M`@-``2M`*DV!!FA@#1S4-09G**_'`XH32'+';VT@!-/R&/IA!0(@&<50B9_8
M'KM0#0%4"C)P``401E&8BL(W+P!B!2=P`D1P`$$@,V6C=KGA<XLX@R^&`"<P
M`/OP<X_00W\S`'+U`DQ@!`9P`!0@`'KP`OJ'!C*A=ZG0`EA@65GP?MHX?%.P
M6@5@`B;0!#MP'']@`=P@3"0`D,3RA;[(/"Y``;RX62,50OW"!KP"`%B`<6ZE
M;E9@'32&2Y'@0L:X`TF2D,3'`XK'?`?P&\-U(3*`!1H`5RPP`@1&?>J8)`P@
M!@&X6`FA_QLA,F/9T$$U)$DDH`3=`3/UTQH#]@$9,`0A2).9]@3.\S,14`9Y
MDQ0R$%<KT`%8($<:>44,D%H,8`5)*70N05P_%I(B)4]-,@(2$)&U$B**%0D/
MPG\F@&U>*7D^4`"^E@.'V&\L00%#``(\U`SIV(BIE6].MFQ3DT`O\1-1]`@7
M4@.J\@$K@`6W`A"Z\@$JD`$%<!Z'.7E?EV]8,!N9J"'LX@38]!-S^60;>4J*
M@P,"^3V;]0\7J5P1D!3<8$(78U!\L0(JL"UJEPT<HQ16X`+,\YJ`6!X%<`"R
M-%(F1`)<H`=30`391"J5218R:1XF8`4,X!3:U!0?N6R&YS$D(/\IJ9`F,#$^
M'W!&.N.'V#EY/%``3<``,50"2G``='4"`F`!A7:>]/"6/#.(V+`Y)+6(?S!#
M'H,&19@*,<4!5H4#X=-R_PE_\I(%#;`#%A`$;=4$0_!U!4``0>:@$)">D"<&
MD0@A(V*AZD`(6+`"F<E8^F0JT.`$_3FBQ"<O)N`"8G`"4O`7*14#!$`*\:EH
MO0EY%&0%DH%Z.O6%LN$(&4`!".AH00$"!_!Z1BJ"\N(`C^=R,$=I'_".,6@H
M!Z``=%JG[<4$^"$!>KJG?-JG?OJG@!JH@MJG!G`!@0H$'3`'=KJHC-JHCOJH
MD!JI0#"HE%JIENJG5C0/4``!G-JIGOHWJ:`:JJ(ZJJ1:JJ9ZJJB:JJJZJJS:
DJJAJ!/,0J[(ZJ[1:J[9ZJ[B:J[JZJ[S:J[[ZJ\`:K,(:"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>33
<FILENAME>o68633o6863312.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863312.gif
M1TE&.#EAOP"]`.8``,6^IJFGE=O9Q/___IF6A\W(LFIK:,G$K8^+>,:\F[JT
MG+VYHJF:>-',M-/+I>GEUJQE5N;DU.#<Q\O!F]+)J=7+JD],2M/-JMC4O*>C
MCK.LEN3AS,?"JX:*@J&=BM7+KLW*K-7-JL_&IM+-KIF<D=+&HY(A&Y^AE*>K
MH-+*K\/!H<K!H-+'JBPH*$`[-<[*I;2JC<#"M-_ASGJ%AI&.AXZ2A;B[K\W#
MHNGFVMK;T,[%HNGKZTQ7:W!X>[N'<NKHTLK+OEQF<+"SI]_1O9ZDHWY_=./D
MV,>8@[US9-7-K=C)J^SJWMC+I>;HTLG"I<K%H<K&IV9D7<W"II"6D*^PFU]<
M5"DS2J%%.C=#7+RQD='/N='4QI&:I,[0K.;IVJRSM].XH-+/J<>HE\FEB_?W
M]-_CYN[Q\;O$QLC,T=#6VK:[P[.PHMC$HH2.C\&VE-2NEM6BB]O>W\G(KJ*M
MM]C&L-/0PL?(IT9%0O#NYUE>8H""?^_NWH^1CM/+J^GGU]3,K"'Y!```````
M+`````"_`+T```?_@`."@X2%AH>(B8J+C(V.CY"1DI."/1:7F)F:FYR=GI^@
MH:*CI*6FIZ9``RTN5:ZOL+&RLA9Y45$&!KBXNKF^O\"_47=6=Q;"Q%86QJZW
M59?#>:TN5BW2S\VP42X65:VWX.'BX+/EY9=WK>;KL"W*Z'?Q\G<M-*M%;@GZ
M^PDJ_OXK`@H,Z*2@DR=/"`C!@&$+PRT0!6P10+&BQ8L",`R)08"*`@]4AC`4
M8(/$B2!!>O2;L"+`%#UJ,`#)8R>($#TJ%)"8L6#%C0E/5BS(T*;'#`!:@&A)
MT:!``2!.Y4B5>H"#U:L``"S(NJ"K5P5@%:Q90T4#B3P&,KC)PK:M6[<P_^+*
ME9NA"`("=Q'HW8N@WCU^@/6QG$!XX(V`-Q+?2(`@@T.&&"J.Q#C9HD8;'DKH
MN#$EAA:*&!8@$.)&08T>!CKPB5&$PQ`M1?($D=.!RH0:*#QXZ)!'"((@,VQH
MZ:)E>`,[!QHT2`$$JM,"<@Y(KUHPJW6M7KN&W8XB#P(W:]^*'\\V+H(>=PDP
M0+">K]\610+O&RBPX!,G4O+KOP'%28`.$V$DX(`4;4&"`OF)0(`!)V1`41T$
M9&!2`10U$%E&D350!T-U3$$``4!,,0,-1$R!P@$;O@9$#!Z0X"(!,2C'U'//
M32>=50!P<!U7V2G@Q@)@D5`#>$022=YX,&210?\-"-CU(5YXZ?5>?(#1)Q!"
M6"IV@PY<=FE'!D`0:)$$%9%YT8$B<"G""AI`04`=%&EA0PP7BCD2!C8`P=!K
MD&D10P%:K$&`'@0H$!`5-`BG7%,T1A5=55?AN"-V7I76`PQ%9@I>%N$=*9<'
M!J2W7I13`D;8J2PAMJ5B7;;*!I<*H#`F169*8*L`MN:J*PH!0/'""T]`(0(;
M(G!P`JVW#AC9$!@V"]F>'!%``PH$W)`!@RL(T4$/)Z``Z**,R@&"N%)!<2-6
MDP*0`*54%)&!6IK&2UZ225[+`%ZC(N""/?`E8.4*^N67&$)IBF#PP0;K`(4.
M<N2QA:ZXZBKQQ%O4\,3_"P:S48+!&(,X,9FYXEK1%@1P8=EC`A1`@G\H])"!
M%`!,T4$`1>@!5@`UQ,BH<HTZ6I5^..JX8P(V`/!?!QK$6^21<,&@1Q'JX=L7
MO_']>YB6BHF0F`X((\R""AW0H,7'9.N:0WPO@*!9";^6P%@;:T0L00ZWKM&&
MK&06@!(61<A*&1$:Z$#`%%C0`#``!-A@`P('^6>`'B0408('RFFQ:`$@0%?`
M`8]&*G2Z`'2@AP<)**TI>1ID`8.34>M+];\^87V#P8EU?3#;*]1P@`H!T"V!
M#&7KNH$`-`C!`@N_L@`"`$MRZT$--OR>ZQ8A'G`"!K;*K$\&1`QX@@I2$-!#
M_P\>/*'#!`'T,/-A*W"06AY`&M!&!R30$,`"#3C7J(V13DKT:46H`;P\$`0/
MR&M>JBL"#>YUKRFE2E5:LIT$#:8\*'A``6PC@N\DL`'@"<]6'=P`F4XPA1>4
MX'@B0!P-#L2V*?"!"A62`0HZ8(``7(]N)S"`&W1@DAQ0Y@10N,'@A)``A3WA
M!#VX6F)6,`$5P&`""AA<'F)`PQJ0($8]@P[_T+6C-=!@!@;P@`:J>+I-D2<#
M/8":>EQW#PAB[6"SDR`%1$`!"OPJ`!E@@0A*,(4ZY*J#,@AD($,X2$`2@`,F
M%`$5$&"#*1R`#110`+<6`"(#Q(`(<LCA"6Q5@"U,X?]^J`F3F>(T!2?H``9"
M<-D-I'!*&CPA,5(XS"NEL`(G,%$%`#!`$#+0`2%@T2F,@D[G(-6_'2U@"E%H
M`P(,:#HD92$`!H!:`ZFFQ-G53HX&FV,=M_F"!9!`"G5D008X\#L?QH"#&T@G
M.F4@0@[*H`X:`,$+:".#$P1`#B4@EAST6`,N](`/7[@!"T@`!!D(@`0$`)P3
M;*"'Z-&*(C'HE;DR0``5B.!BL00*EIA(F!O8<@5!N4'H]-"!(BS`<CRCD8W.
M5<SKI*\'!#"=D;*@@1EDP`.KXQL#]W6/-TZP:]L,*A1J```Z4N!K(-(#&'L@
M0A$6P%8&92<@MZ`!#2"`!C'_V$(`2L#5.;Z`#0LH0@`2<`(A`*`$5+`!\$Y`
M!11(@0TO4``-0F8K#$P!``JK01%LPZ4G'.`)^0&L%.X3RX$A9`)2L.H,A%`<
M<`6S1EO$"KHTH``^="`+^E`:6XI@A3SPH`A%X,-=[L53^&B):S\UZC952P$T
M_<J.+SC!#'C`@_&18`I$<%$/TA`#/0R2G0(X@>)B8-`BG$`.=G3`K]*VL1-\
M804@H`(5;!4#$FC`A"\H0`=`%K(3F+(_>N6#'%B5T<W<X)43X`!AI,"2@L"@
M!RBH0V,!<+G]K=1SG^/*"6I0`SWH(4DX+0UX=D,H#]SEI@SP``&F9#Y6HM9V
M08VP_PA>$$D/O`!Y)WR!"CHB&X]LJPAM*`)\2="!.K!3JK^3J@R(T`8^%,$.
M)JRC"%A0@`!\(0LB4$``/%A=*OP*!$78`A]0,#9;!4`%.M","L:W&2Z5``I0
M`$!!@GC>V+$O,4Y80!3VRP<B0"X#,4`!$*HJ!Z>LE)A<O`Y8/$`#/7Q6?!DX
M3P8T$)=WO4LW#"AM$5"K)J!&^,\4X``"[&C'$Z:@4""P01%`L(9_!J$#)>F`
M"C)0R'1:.@(RR,%53T""`I0@J"=40!&<(`(G>`!X'<Q!X@X@*")0`7(@"P`!
M=,,!/:#F!FS@CP[LL(!H%@$`&55,[%[I40T`B9=;N9;Z2/](`"T>8'/WE:PQ
MNV(#%$PA#Q;00S3+0F<8V-D#"9X2GS>6S8,!F@(;`X&"SDIAY74S`^@>@0I8
MD`('@,`)+W#`-@-@A!P$`052M72FX7V\3TN8`O*L(]Z:F@,2GB`',\!@`*(W
MMQB8J`<*L`.419`?A=W`FT`PP%VUY!.$R,X)$T"Y$];@A@``8`T=*+.9SXS?
M_/((2-H)`+?I'`!OWSG/_$+`EC2#L8.O5IO;?!<%E'L\>2*``PY00@K^W-7C
M!:!B/2B`$8P0@4L;@=,*8('!J4YA"IP@A-);PR8A9%$YT,!W,:B!`H;.MH7I
M`(WG>?@6,`,C`CA!,2978D`>6!C_$1<@F&=&<YHI]96P5+7;>+RI!_0LA8*Q
MX-Q'#^H"/&#4RU\>"@@H`!WS'4X*C&#J=4S!`GJ@U#"+F>L"!X(0,H""$[0I
MPFR[?`:T<&)+=Q`(,#!A`1!P3EL)08R3^[B.B3*#*1C`EW+``!7;0%(J!!&D
M2UPB?3ZJ@2(DIV?1;JEUMM)XQW>[SAD`^CWFC#$]8C["ZB8``"Y_U&UZ0`BH
M=X`#^D"!/N1;WWUP`126``LP`R2P!IM7!UVW`48@!"B``D2``M[D`?2W30Z@
M/(AC`SF@8B(D`$6`7"4``#4`!+:2`Y=4;7P08GPP!<>R=UO0!C8@`&N@!PM@
M<5-``PN`_S6O!#!!,7@!(5?XTS./<B.*-RG9`23FUVW?5EH6$`4<H&YB]WY!
MU0<GH`!!=7G\)QH+$`9]H`3Z=F%]$(:7IV]3QP)A(`(.<`&L)@-=EP/PMG0L
M0`4=@7K;=$+RQ`$$@`+N)%40PC8;DSYRDRL8T`$+0`5AM0`44@<]T``2@0);
MD#\HX!LYJ"6O]`0:$`!.P`$"00)ZD!R/!5F1)2G7<83;\7ATE@$P,'G\8@!0
M\&EB5W92V`>;QP+Z1P$5T']A^`<%@!<4U@?[%X;`&(S\QW\78&\>T#L1$`$T
M``(7N'^WR'_;!`)*4`+ZUP<L$``T8&(AI`54D'LL<`(GX$$2T_\!I%8"'%![
M/A0@*8,>/1!B0,`'"7!>4$!8*H`2)=4#6Z$"-8`_*65?H9@N/9*$2I@!I54%
M"Z!<>\1:@%8"?2!H\I0"%<A_#O!I&T:+88B+PIB1$GD!&Y8#$2`$`4"+9'B1
M=>0`77`!QS.&"Y!;Z20#,9`#?"`$3Z!<16`#:I`#':0K5+0`>P0V"W`1:\`!
M(N`!CB@`+%*)@+4"DM0!`(`!6@`J_44`*-44*4`CCS*$XG=SV@$6ID@7I14%
MUP4"=31V"UD"!>`!"S`"P+A-84B-?7",T?B+&AF,%G@!`.`!8;(&O)(`;,E_
M()`"2N`$8\@"&C`^1)!.-E`#!+`%<DC_`-_C`=QR4.?D0:,S+*]V3CXD`#E`
M!6<%`WZ#`=Y%B4%A,UK@E$`P%HQ57U8YA-.!+OE%BESY>#"`1Z6%`""@-OKV
M?GWP:1J0`7_IB_M71\$(`KK3`+F)D7,)C+_8?RIP`FT`/5O0`6%8C``HBQU@
M!_H'`@8P`S$@`$8@`P>B``\'<3T@=C!P10'@`12'`7+'50&@!P^CDQE@:C&8
M$4"T2H8U`330`410'')0'%.IFIM#%:WI.498?@K0E01)-1F@`"!P`?5W;F$H
M!P3`C"E0;\'YBR,``@M0`RN0`L,(HLD9C!!*;_5&`5)P3&F``!_0?Q6@?P%!
M`D3`5DM'`G>3_TY`X`$W0`'5)@%30`)B&8>?%%L%M04H('8@H`.,Y$%T$UPD
M(`05H04G8#[$I@,'(`7S2`!"THY$%J"?"&WA9W.,AX0)*IL!P(1!@`6>!HL1
MYHL5T`!/-X7`"8RW2)P&\`)3YX4C*HQ+!Z'ZIP07H`!$@`#S%V4%T$@/J`=>
ME@$'D``U(`0,R`>WYP"#,P/E>6$)4!LO8!+5ED?,Y00DL``2$S$5@0*!XW%;
M@J65N`#W0TDQH!0!FD5A"I`!&9MT]I5G`&D%@&YM&H;Z)P14@(O%N)9TZ@`I
M@(>VN*?"6`$5X*O]1P$I(&($90-Z:0.^1`(!<!,]``1U(`1"L`4;D/^,A]H&
M1+``JQ&=F',\&7!65V0#/1``&!-C4G`"?D17MR(!)[``7)4F7%)8L"1+"A!G
M.N-85DES!LHCE%**504#I=4!PV,`)(!P6$B2OKAA8BF7Q*J<E*0!OJBL>YH"
M:S`%&YB,7==UN2HBP&$#R6AIL.>N06```!=F@$8%<=,&^II[)@1F9(,K-G`"
M,#`[74([YJ5]3D`%?-!8*"6$LVISM:H`-'6K5),G%D`%*2"6%LBL?:`@T"6<
M&DF&%!`A('H!%^FQ&GE4X"@$8>(G)S`VLC4#)\`!!'5V)9N,,R0'!M`#+J(#
M5AM4()`!):$`)M154I`!9),#<&=2"<,U.I#_)8>A'Z\&!"/0`$G;*`3*4EG9
MM(_'A!T0!&U`!0[`!,!(G?T7``%PBU,WE_H'HCW``;8HML-(MAF)BQ9D:S0X
M`T!@`P20`DS`!(A#`E^@3MPZ!580'"9QG/`'`@B%<"``5P6P!CO63A\#FFY0
M,*TR2_DA$.R%`%,T`ET`+I1KL(O7%5JAL!I06@2P`4!0KBD@`M-9B[+H`728
MG-F9`D35IV,+NQEYH6O)%')@`2B0`?4VC!<0`#.@!U/@@$3@90O0`2B0!4JP
MMW5HK.A6`B#``@A@$@+`3M*C*QA0:QHP8:UR3>&S(-;E-&CA&8VEFF7&FI9[
MH%L9F^;[>X0(HDNG_V\C0`$>``##B+'"N']B";9RR</X6\._J&^`^A\G<)%1
MEYM*T*RI9XLD4$`7`,$6B#P<8&`+;+N"!$@EV`%LE16SQC@+D[A/\!\Q^06^
M)"=R(%]32;DL;+E,BQVE:+XE*P0*D)NW"*T90`4=6XVQ&XPET*$+0)U\^KH>
MNW2X2`$7<(L.<``TT`8.4`$GZ@!JZ<,=:XTL8$K+>84E&0!\4!)ZT`88T)(I
MQD$DHT>*U`.=T1$'X`:L%$12L'*ZX0'"!:``*J#"%*:B.(IDFJ`QG(PY2L-,
ML'\<4`-BZ:N7'(S/R'^2?$C`F<CX.Y?-JG\7(`<(4`/[%\#!V:QTV7_N"_^-
MVZ0$A28'#T@]!HPKO4==)T#!I@$C$E`')^!BC-,JFZ$"!$@#`%`'"W``Q?$!
M,E*5/@.^8BK'CD?'R2@`!'"05=L%%-`![*O,TAR,?Q"J?9`$KOL']YN1?[#1
M'IN&^U=FT5RVX.QY8U0$0)`#&JAB&@P$$;N+0@`\OB,`7\"*3\`!*Z0"@*4"
M0C(%[JH'Q1&YRZ%2B8=FM-K+!IV,1J`!;?!I*8`"5*`$(1V&>-%_BRRV')V+
MA8S1:XF</:Q_0CS$PCD""/`]8>``W:(#'1`<&2QP314#+18`I:PK<C`%(?:H
MHM,&!^@06K``*)`$*9P_!9MXN\S+1LTO!$"R)`O_!`$@`M[$!L$YEUR-U7@T
MG4X\C!B]T5<=TD2<L5'=!R!`E"AP6\Z58T;3+1H`!&S=5.(H,703`UAE&<_B
ME+8\N8$-QT6M`$AXU(A]?'+(!L=LR'^,U7V`SV'(K%J=BYB=W)?=!\DMT1B=
MK`$X`FK9V7/JJY<H,U>4!1!91P"@$V%22)DF7*L-,0*R)R)1!W70`)ZA'"-`
MN6!*A(NGE6"AVR1K!`%PQ1W!M<IZU7[7K,QZ`<H=X`)^U1S]W/VGU=/=V7T)
MH@_<U"13PUS%H;?EB.DD`&?`!7K8DC8@!V8S2A@2VX&2!RA0.?WXQC7GPO-M
MV(B=C$T0`1RQ!@6\`AIY_]Q<?0%#.0)*\`=5C=G(/>`!+M$2S:Q,<-R:S:P6
MJ']RT#NV288[L0`J8$%JM0$X$XZ65@?TPP?=(C*9*1FQ'0`IP=.X+-B7VWCT
M'0$/\`!&(``H@`5YD``.H!P.\`%0S=G,70%)0)Q0_0=,,`(5P./,[>,__N=$
M?MQ$CI&1W=5YS`(-\`&0E%81<`*75V]34``R4P0.>V+-,4B_T[,L``#C\\EF
ML@`.(0=4\!!U("%A4P0B1P<-D#G-P9HUQ[1;6>8M'@&*6`->#$1>>-%:3>C-
M"@`D4.=]#NC$3NQ_SMQ1S=5VE#DT(!$DT-T<>G:V,A$,&'!K<(G6)G]<E0`*
M</\7O(+KLO(?0#`$(@'L3>)\[4@"'$!C("#0@\UX"D#K3?``$4`"+P!I5'!!
M#5`!`'[9S-JL&_WK"*``MU@!0U[L"._CR"[2>^K5S+@D`1`#'RD$T@(")P"N
MO@=('60@`(!P^79",R8"4)`!#;(`64```K`B#\$07E0#>3`^4:#*?\("0YV5
M\%[F]'[F0$``?--_6OH"85#@_X[9S3H"H%H!?'[P@N[G"5_LR`W<(@T"-'4`
MZTL!-2``)%L234"Z`5#MIKJ`F;8!3JT\$_EIMVE4PF(P4&!#=P(1TB=66YH`
M>O"R-<`![UT5+3QM78'S/]`$7M`$)U`H4\P!HD$%TCW_`@+>YR,@!22`],9]
MV<J]]$V/\']^Z+[J``@0!3Q@`4%P6^&*U%MGE!*0C&5%`I@&G@20`PUP`@#P
M!"=T/'6$,7ZX,5"``C-0!R+Q+$1@`(V#`#GA!B+8`[X$IAS`4D6]`&4>`4VP
M_$U``GO<[:0[9PB0EHBOW/_]E@I0X,X-^0+>XY,?Z(>NR"`P`D;3?3&P`?3^
M^5R'U%+^<-4>``J@!1M`10%P5+#/-JOE)G<K*,L""%M#6E,]"BM.>B09;BH9
M"AX!<@>4E1R7`)F:``N="RXT`RT$$:41#Q$_J`\/*"@]/9=")WT'&1D+(WU_
MO'\5%7]]3B1,?7VZQKN\RKW-_\&^P7T5QL[5U<G1N]I]%`X.%R,+0DU&IZ4;
M3:8;4P%&&Z5"-5L;&S94#A0L%/OY(A0B(A(`L,.&P!0@<C!@T$)B00(G3U1X
MZ)%AQ005!&A4LG2IXR9.GD")(G6*U0-5)K<$($&1Q(D,%2ZD`.#!@PIDOX!5
M6-&&R:\1SJA96S:-R9\1%93L`C:TZ;)FQI#V<?`"0`8;Y4QI-75B2]8(,FSD
M*+6`"HA\(!R48`'P'T`14$HLT,.'P(D3*$X\F;"B[PHW'1Q2P6+@A(8#-A90
M`L!!2`=VFQ:`%#D*54F3K"(806!C1H`>*DYT29($'`<"'J`DB?9'R8(V(QP4
M"^J4=?^O#RE2K*X]%%NT"CY3'#"`(L?7K5J-'-=,+X*-#@&8,.'W@I];@`6#
M\)$RN,>"&Q/"]W5"0,,$!`$^URABH(,0/7F*="!`!3HG*E,FAZJ<^;+)"$#`
M<D(0H4V3S`@IR%&#!P#\X5,?`!31`Q4V<-!+,LP\\\L%&:;PRPD&>,!;4\P8
MDX(2%:2PP`Q;^&$9<C"^H]4&,AB!!@'>L$!'"2]4QP]`)8C@01$+2/%"$`OP
MY803%JFP0@8$-!F>"@`D0(`!GP&@0@(]!$%#!T4@0$`1"GRR'TF8K8**'UOH
M,4,/;>C`X"_*7/"+1`2L\0P3(VA```*T046-4+U,0T4,0&G_\\PUO!ES@9T!
MH/`#C)3&6(IR*`1@AP-*X&/=6W")H(,.4%!1PUY/W'"#7RLD@%Z5"<0J:ZP.
MJ1``%GH`ID<",.1!@)DCE9+F?P^L04(-/1#QTAK2.!#&!;S0Z40`)\"@@A(>
M:A``5->4F$P%"VB@P"\/7N@4H=U6X`0?-ECV8J7P1K!!#FT$\((QG^XCP@LE
M2#'J$U&JFJJ2?$V@01%$SJIP`AKDT4.L&GB00+@=Z$$9`</VUX0?0@3!0Q!3
M\$"#`KY\PV$VTY3J`2X4.$%#4!GR@F`VQK`4@(';]/8,NLY\((T&1*QI3KS(
MR2CO.XXYX>F/^KZ@@ZA0/+$"&ZK>_P!17WSU!0EJ#BV<0`>^+NR&!CVT<&;&
M#_CAQREK\`#G#%;D006T'WSPQZ/24+`+!;HX45,`>J3@RS2!CH"`$[K\<K<(
M(S0^^#;88!BS-1>$\4(`=92R-HSO5MI$.A$T08(-*8"0EG5-/TVJ#B5`$?4$
M3DAAT4466>1J`+)6N64"7V;A1JR_R^K&Q6AG]H`,4W"A1Y<\4%&;4#&!L$`-
MY8%@ITY0-:#!`BE(H_A3@^,MC>3+3`[MX!4\H4<,31#;']&4"H```!50<`'J
MGX(*4-6KLBK>"@"@00!@%:N+!*`&-1`;K8A7O%((H!`&"$(>#."\<S4C!!PJ
MW0(\H(<`:/\!*81S4`5P$I/KY008CAM<^10%E:0H`47&B$D`V)<QY+PO7@0X
M@(<<D`)]X.\Z;^&?JL;CA/^I0`$$V%T"5*""*!B@!QT0FP*V9[:1-#`"?HA!
M$-K`!1OT@#Z-@AYPF'"!+G1A`1GHP"+H-XT1/,I.?;#;^8(!#L==P`&$$XKD
MM,$4.GZH#NU3D_$&";]2!(`*>N-4]WZHO_T)\7]^@1(!)N`U#<!@82=```)(
M4$7^%,\/7FR#`680!`^@H%'?"T8%ZN8-!S0``6,+0`8\0`4`B""5.0E&X^ST
MN$4)"D-_J!M0[B;#'*AB;?^Y3"&U(@$;4(L*Q6!D(T4@Q%4M@`;_ODN`!\J3
M"4IZ;59N\``-T%@$!F+F,GXP`@F(T*4>6`$Z(_I>X]SHPA$`@00-&$$2XNBG
M*9`@`))AP2Y=Z!-?4,!G))+<+[PAG3Z`0`A&0$D-2[),S91C`T2(P=+P-\U'
MJD`/%>O@$[0T*TI6B8`)4``-"#`Q&JS!G"9Q46:\4`<BC-)C1:A@;:"%C=@@
M:!<`H,)2%%>Y$7!@`2B@01$$6"8H@*,!#?C`/B=GF[U](PQ]Z`((#H#4B`[R
MG$-SURJ$94/ER``!(N`&1QLI1"?(P6$U<-+L^%+`;\)`#QJ(50T&"--AG<(/
M.>!"#WC`3D1>P&=U@^.C@DE,HI;P62=@_T%,Z,@+I00#12F``B<4@`(#:/*S
M"*!>!@*@+2H<,E-00B#U"(":#&C`#2CPJDR+UY\;QDL`!$C!!5A0@GS\*(A!
M7)6J%#"AV<TU/-Y4@3>M1(#@?8T3#/3/?UR$40,(H6-3X("=PN"+"[RP"R@:
MP0>2LLHP)(67?:`!5J'AO9R,0`E'F492&E`$!MB7``S`KYA`BX`B_$HR'*"$
M'4#``A3]P0'%V1AMTT310AK!!AIX@1)*<);>`C&X0[S!7`"0M:P)!`$26\'N
M-("`#("3!IE@H-HP(U,7-0$%5*#!%K!$@#M6(`PXO@`=4D"'&__DA=[]P&&5
MP((.^/ANS^)N&/^4@B+@/$L)!ZBO?:=,92J7^`--1M&CR"M0(FBA"3@XB42O
MN)6Q4LH()Q!"`2A087]<F)I5>X(3.`#+K/4E`1.(4!LD%JL,($`!"^,#=,]6
MPY@^P#$\(&4>;+`&.M`!#&,``XJ6W`4Z\`*\8+A!&'3Q@3"H8`'?K=P+P<"&
M"G3A>M((@X>R@(`JNWK*)79C'[A;`6<]ZVX.(`$0P&*$SZ6#%8%$FW_*C)P&
M&&`*O&4!6_3%5E4QJ2"_2H!?D"L?0'^-SPO+#[`J,]MAJ>T,Q,%"#[@P`Q`D
MH`L0,(&ZCV#&'MM)">"]`A(>U84P.(`.70!#";Y;`3K(&]Y`QG*E+Z#_@E<;
MO,07(",^1""[%4A!LDP`0`?4&(#/30K8"_8KO*;0!GZ<A=F@JB9?`A"F6'7S
MB/')@!ZLK3``P.`$*28TBUW48B*T84SM3,$+PF`""+`!`CZ'@P_>H(0W'.$(
M;)`W&^"P]".\@0TF0`(8P'`$IE\!`DYG`]69_@8Z3.`(]O6!#R"`!`:('0(^
MH#)JI/$'%D!!`!MX@`3,+0*E*.`$(Z!!#I"9<3(CY\4O<$!:EJ:_&\"9?XA8
MP4J*H`$GY3DC2?PFR=<0\Y'0?,6L6+':A,!.%`0A"#-80!8ND&ZTL\$')KB"
M">"0^BOXX.I71[WJ41_U*Z@>":I7_1%LW_,K_QP!"29X?>Y;K^ZH4UE$#NB#
M%`0@`4?380-.2(!D>>B``U#!"&'NN[`I)8,`>.-TOP6NR(NX`@G%=0&L1>`2
MERLKE9)`$RI.6]IHCH,?X$`&.9C"%FS0ABF<@`-*``:O%WROEVZH1W:[IVZG
M=W4F<`0$:`)4AWL0P'KIAGNI9X&EQWNVYWH]=WSCI6P;X`9B,()2(`%94'<I
M\@$.D`$Y('\/$&Q^I2;=EDRF<$]=X`#*EC_-AGA]X5IZH`=[=3`(\$UN8!<<
M`']G<GEJ4W\/X`4G(1:8UP/(,@),``%CH`3`!P'RUH!C5WOJ-G9;Z(!'@'I,
M,`%P(&]@D'J]!W2JI_^%/4=\MG>`'N@`.M``0R!V9I<!#P`#-Z`$E?,-%.('
M8'82#X`#8?8#8Z8FPB)_R@0/&7!'OJ4O(.=(`C-$?N$$?I(!6[(`"L!$"N,!
M:D0E2&AY,14!V><B/S`%1:`%7K`Q=;`^=S1\;EB!:RAOP&=[Z08#%_B&6BAU
M4<>+#KB%#)A[ML<`'3AE!'!C<)$#2`!T6"<!&2`%'/(!XM4``8`#A,`%0.!K
MG^,'IV@.,[<*/^!K$9`:W9`C.EAX/(A<=[9<GA@K5%`$:R`9)U5YHZ`V^*B$
M)T$";Q(`@H@"`$!O`H@$/L`&;R!V/A"!/O!U8W`!/@`'!#ET8^`#8C`&!,G_
M!D<P!A20D!99D*<'=F3'`,Y(=O4%`:V&C$>!`0+P`&#0C#XP!`VP`%J@$`HQ
M!!@0`&I`!0IA`WE!`ENP!$`9E$(YE$2Y!!6R$"KX`LLVB?L#9RM0-:SB%]*F
M,$A$`!PP9YEPA/9(`/FH>7[P`U_Y)C6@!3\0`XLP:6%P:O*U2L#P;DPQ`EW@
M0DLV.!]P:B\T#;2F!"#4!T^0`0;W:C4A`7M`!H1)!F6P`X69F(EI!F:@F&3`
MF`,0F9))!I)9F98IF8U)F'@@`3V4CB$G,%*#"!Q0.U))*P1``A1"!2Y!``,T
MBO?8E?.G"C\P`Z.#`WY`!$%P,TF1EA]`!YLV/EW0_P>'A5`QD0)4H`*/4C=_
MX"'Q-3[=A67>M0`G^9=3!@,'D`-[X`>:B0=X@'V4.9EH\`5H0)G?>9F7N0-I
M8)YHL`/F.9D;D`*>28F($)JW0)JVDU(TD"FLM3)0H@>;<#&P&9LO&`11L`5>
M\`,DP`,GP"$;LIN_X(<;HIR0V``>X`0WYCWO!0[/<CW$1$Q9@%]_^0@*0`=+
M(`%"T`!X8`:(J:)D8`0Y\)UD0`16P`-60`1SP`7M>9EST`/FF0=?D*.1208"
M$)^4^`12HP$U8`$`0)J4Y&<V8`-+A1X'-#+_F81=67_>^`->$`0]L(U^H`<\
M4`0C$%5:!@R1`SG1T@`9P/]VK,%"MH%"%>`GU.D&A#D$,)!?`C``.$`&:#`'
M<_`%9I`#<1"9>,`#/ZH&/'`&9\"G:!`'.Q`'9S"H<5`&:&`&`["CW[D#9Y`&
M9."C9!`'GWH&97"92X`Z'66)3J``>E`$2SH[*D`#&5``EJ`"5*``C/$1YH2/
M6%I_6QH#)0$$6^0!Y=4'EA9/5"!4<\0;*,0$`0"B!N<&&```]K5-&T`&>(`&
ML!!!*%`&,4"9<<`#@SH`.]`&@_4F6/`%6,`%ALH#/-`&HXJI`U`&Z<H#ZCH'
M/."G](H%:&"99`"?X?>9J=(_5/(_VA0`!2`'4"`',<`!"^L154J*\Y>E$JL'
M[?+_@DVP!4*P`'041R/B"QZ@`,+9L1=2`7[YEPM@!C@@`,R'?X^Y`S:`!580
MLQU0!@O@K3R0GF20!N1ZKD0`KK`PKVH@F?"Z`S\[`SP`LV4P6&V`!43`KQ\@
MB:<:L*M2,!U6!`5PL!RP303@GYB@):[)E;`)EB>1122`B(BX!5,PIN>5K+51
MH<+91R,B#<[Z:C4K`0J0!9;D`1)`!H**!2WPMVI0!]TZ`&9`6&1@K^1ZM#R@
M!EP0!&8P;CRPKY$Y!XY+!FJ`!6;0!D8[6$0P`S.0!G.0GI6)!Z:Z@_R#7"-E
M$7IPL',!:+;B`0[[M5V)BJ@X*3;0!"B!FPU0:VS[/!ZP_PM((;+14`/4F042
M(*VPI@5X4`=&D+2)6@;%(;0S:@5?(%A8<+WIB@5!8`7J*KF7:@77"S=!@`6D
M))Z$-;WA*ID2X$/_2HE5LR3VJ0(($`-K,#^RH@+9Y02B*+OYR`IB^Y7V]SD'
M*@"9TBG<I9R\`06Z287".PW$^Y<`0+A:4+((T``8L`1`$`-Q$`<Q$``'8*F2
M2:FCBI[<RP58$`=ID`:'608@3+@IG`8[4`8J7`8L/`!Q8`:4RIZ5^0#^&I_5
M)&=,8A'34@-K0`-*I$T5@I4/^YKX"&PN@@/M([9,&`&NT`7CA4<CX@9"$%X%
MU;$5``4=0)TPH`4'T``;H`4P@/\`(``%#Y`#0+``:V`#=8`'CJF89\`%7+"H
MA!FD=:R8`U"8[;D$![!F:_69&1:5$Z``4U``!*``X0$`"@`#@1&[6SF[+NB5
MF/$#6X!W3M:[UJ`!)W!>EC4B2+$"8?R7&D`&$L``8RP#`&#!$C!U8J``$@!5
M$G#+N(S+`K`&S)?+OOS+P"P``!`#,K`'QFS,.W`"4O!QI6O(4.D7RA4`SE01
M\$@#-8``?"`$E`R@LSN[8+F$M@D$"N``XF4W(X)^(#!">MFQ2.$&>B#&0+D`
M]@4#`&`$#_`&4_:2!^`&>A-#!Z(MNYM\>S30`ZTW"S`%,J`*I]`F9\&^[7MX
M/%A$5A+_`PBP)8G<'O/A!O^G`!F0"3%P`IT$MMV<C]_L!=[H!RA``#AV-QU[
M`:<)!2/@F^Q<`0H@9=2I`'B@`/:%'AOP>TC0C'0@!UE``2=D(#0!GW3T1DJ]
MU$S]1BEP)791#CGP&-ZW46ZFCD(T;0I0`PVA.V0B/%.P``%@`#&@B@3`S2/=
MS83H>=VC0KRAES61(B'0L;M0T]19G7L@K:R5`D/@C#ZP`0K`SSKQ*&-*`/13
M#'=$T(J=#$SP`0L`TP=0`S(0`Q2A`7W@T/]P8=74/WRAJE$2``B@!U0`3@CT
M&0;`!ZL:TFFMUJP@`3T0`'[H`.,U(O`%!3C"2RU-8G==G3C@_S=_-@1T,(+'
M"P-@,%F$K:94\%Y&@3Y%W=S.;:8&%@`T0`)Y``7PZ2.9S900;8E]$0"AYRI=
M(Q!*=$`GP![4HMJKW<2LX`4H8`._4@#VQC-#P2$7<`(J@%"-\@=)`-J[/659
M$`$4S3``(`<<$,D)D%;<!2TC``"YI4HQ)+PPXR@Y!0E4T,/-C-7]<V?6W"J&
M_4TIM4T&0`(>@-;IG7E>X+DDT`9\$`#4&$S.*=]Q60$DQP(G,RB3LPLI4++]
M/<\;$`,8<,L-``,F]@(F9*8(<`#=]1M-O>1++1W=PR<+0*Q00`,_I-W;S=GD
M40-Y)EKA;7+`TP._DP'HO=J9MV)"8/\`1&`#,M`&0B83%1`"XQ5"S;!E*7`"
M5*`$]H-E6`6WO.!=*>`!.UYE\T`'4D`'$1`K]N/BP2`'-495$-X4N\4"#'(O
MTH3AW%T#'0"*(5(?WY0%0:`!>A`$))[6L>D')$`#XEP%/2`'CD+8XC4Y\#4"
M84`!TMP`24!]N#WG>DD"@4YE!3"")&B"(I"<RI`"".#)CTXB+.``X:)6A>S,
M0^0$`-`#,,!XG5BP7BXK?&``#C/B5EKB:J,*.8`"'3`",3`#>I!#R)!DUO`+
MS\(G*R<;JD0Y>#ZW.PX#"X"0".`#39`%TDAK&40`CI[LUO"TWN`!R_[LT`X>
M$T`%#],!?+'_.S7@7%6"I"D-`\/S[>GME5.="W:``EL@ILU2:]80&[GA$U3@
M`<D'#I/E#-XE`@_<ZPQ@`\T(=$>P`3#P[TG^`020S@0_(BIX1X:]45:^W5@S
M)FY``]E.`"8F*UE0`_41YF-.YF6N-C(P`RH0!@&P!350;S[1FY,3ETI`!RJX
M@@H`%*/L\DK@!-,9Z/,C!D"'!$/``1IP`Y7C"TL!NWS^\T/Q#7V0M95NZ8E7
M!!G@!$40'KE#`WFU)360L5&4`&*N\:0>L5\I`#-`!!>@`/'0`1JP&W)>*"HX
M0F'`!!@A!XI$.17@*C*_TUH@`1BP`2Q@8O8#+<[2&AW-]\J:?-WC_P$67O19
M;1%[P?8%Y$WUFT:,AQ%Y!?E3O_'X.(XV"`(DD`-K<`+Y)#[,X%WNY2%]$&-V
M@M]SGOKOO/KUI0&6A/'#?CZ3Y1HZ51O&#2UTHTJI-.=Z0^L:$/@`,2J_[Q<,
M(!FM`@@)"1,),`0S-@IY@FX$+C0#+01^E)66EY@/1%0C`4(R'3473!5]?1=_
M?1\?%15_KZ874@0+(Q4?K[FO%6Y%#+_`P<+!"#`);@DK%'VYJJD5<@&Z?ZW3
MNQ<?#@XCJ!_8%2&NUJ;+"QX.%!0.+^DB[N\Z.C?S\RL3*_8:`82$@H(:!E``
MZ(!L`8)'D29A6G@)!XX':_B0^)"A@)`3(_^8C-C82HFKC<RHB3,(0MRT"Q44
M^!K&4AB"#'U8+)MF:E>##-9,ZFK%JI4K;[A064M%#H0'=BS6M7OG3AZ]>A.<
M`)@`@,"$?OX6=+#!@0,5&AI.U$`HB:%92C^:.(RA!TH7%#EF]#BE1,F?+F%&
M;6S6IX*#,"B<7!`ZK8(&!"T3`R/0)T5(737[CB`P8FC.5LPJD*IF^<\%4WTH
MI,B@``0%=R]>,&WZM!X^J@IH#`*0`(`*%5,6`.@*(`""(@'(*CR[\(?Q'Q&(
MH`@1(`>*&0INA`FC:M4(!YI-^G4@9($#PKEL^5:L6`]U\"?_C"C2@&AGS]\W
MHDKQIV<%]+!,R83_0N.%`Q8LI+::"#H\<<,3"")HSP14&+"`("HDH((>170`
MA12\<0#`AL(1Q]`##STD!!\GM%&``'H$<((''F0`166EA.8**JY4($0"I5AS
M70:(D==2$5V<8EE(2;"7RGN>W7=`!AX$P"0`(CF0$SG+]$&`"B\`*.!J.D"1
M8#U.K*`""0@LP(^$0001`X9=2;4A`!UZB(E#QFUQ0@`=3"'`%C64Q$(""CC9
MI&[T#8;2!TJ<H,(M.C)!IH\_@B#DE#1ZL`!^XWPP@AY";$$#"G9"D4(*4A8&
M6CH4V$$#``*JMIH44"B@@A/S3*!"``1TH``!]M"F0`\D=-6FFQQ"4I:<_PS]
MX-P("F0@!!"4Z00%`,TRF4$`LKZ`J`T9M&*HH;80`&E+;:'D4V0Y8F-#$1R,
MT%>-%^SU1PH5I!"`!4!X`00)7L00P`(H9/"M$GTI@6H*%+RP``$)E"#"$RLT
MI8,(5;$8Y@J&>-`L%66N0%L1*,AQP`%M:OAFG,AB\@,.:[P0+Q5$3$$'!4-=
MT$`#,2"``@*A9(!"$52`@,I@27SF``$]CDM,`F$0_$$2SX11"C<LV(!``.W=
MUT<8V-55(P`]V."%<4UX@0,0"VQ!@&/4,(%="B!H<X$#H250P]TU(#!%;C>H
M0(`"4G3@9!$US`I`!AHL7)L>!(P\LK`F%YM0RO]S@BA$:G)TT(,'W`QU2Q\+
MP)!$#:+:8<<"&1`P!=XU_"L"`>(J34PM2I!"@5<D=*![#01X0,6^H:P^!0$-
MU'X!UUV<D$,3#S0?P4-I_1##VG1\T`5*(!G-!AL`BE``"'*L8'<H5-RP@`$U
M*,!!$2I05<-4!,``0`T%B,#!X\*^":>QPU'>/"5>$$))/*"'I'2!,Y#1C`(T
MP(0.*,$;#F`":$I1`0HD8`TJ.@$):M`!"A6A"`8`80\,,$(#A#"$1>@!#0AP
M`N6@@`H+@,(%%`"#C!","4Q(Q1.@I@*Q9&!W18@!]$#T@P<8QR%-J($<ZH*H
MVE%`)BE@P1]`8)H2L,'_8?#000ENH`<G0,$>I+''"02Q*S>00`Y2<!SD(H<R
MROFA>3CPP@D4<`$0O*`OK'A,+@93@7]]0!072`$K/C,.;+CG%5(*C3:4X(`L
M',4CIZB,2'SBDP5HP!84[`-(1!*&6+$`!`&(@5J\L(4I",$/.#BB'S:PA6!Y
MRQ0@X`T`TL&.U("`0$S1P=]N,`%>`L`#8`2`^'A$!<?A3Y:2.Y8;WXA*+Z!@
M`5*C`WVT,92B_:$B'Z"!T&YQ'YU<0QS=],D>E3!##W3!(TFZSV#"4QDH!,`6
MA7H%C;QU@1!0(`!J>$`3?B`!#6[A(7[P0@Z`<`(;\*$'"EC`K524)R$$0`,B
M_]"&"%Z`10)U204]F,<3)O`$)Y3)"1DPDR#T8(,#B.R8D=O?Y):)`TK@H`EZ
MN%0%"#8W3'DC!9P;`0S6,(H_Y,6;U/@#.L]EBAB%@0[E/&<NJK'.7;1B!&-4
M0@KL0@V45(<588"A%U`9`4^0(`9U:((?H.6!!GB@1%LA@@UL<((@H"`"&PC8
M`DXC@A((2!X#Z<`\:,5+#Q0.!E0@A$IJ<#\UYN]D_%LF*E'Y`QF<``4IV(R[
MN$88E%!'#AD(0PH4<`)2A"&'>H0,:&H"BV^:PY#Y&4=(`@747)"""51XZP-(
MJ2@5>(`#!$`!"4X`@A%00#<!T(,,(D"#&700"#+80/\$9)";++$@'E`0@1-(
MT`8A;+2CO)P`"33@A@XL@`]Z4$$'5&#8_)FLC90[3@ZFP#ANK%.3YKK/")1`
MA\,YP&"T",-\FX:DSG33''WI;RHN(((`?&!2TQA!`PZ`@G7%(09'^0`=[!(&
M.U"`"1_@#Q`:G`-*Z+,)$8A!#U`@`2-(!`H)PZ(*@G``K4!AKS=8@12H\+<@
M$``9"<A`3%'0`9(=-IG]HQQ`8X`1#]B`&UW+D;OZ(K4%!$"_89CN`5/`7P'G
M!"7F2$)K/=>'`,33&B"`0A%(@`+.%@%QQ2R`?S:"010HEPLGN!:H(D#G"`BA
M!QU8P]_L^LEFH<`#=2@`#3C_((45Q/@U'6"8^,RQ@-C@V<<_1B^RC/@`/]A`
M`W](*"97D9ES:58#:^A#]?IX@A`X9LO]_:\'ZB-@J%T@`!SX0Q)"^P<')(`$
M`)#O0IV$*PTT0`-\($($&DL"*!",P4:H,Q`R0`4J**"N+P#!G8`@@#V=@`HO
M=LU&/3`(OQ&N`R<HP@ST$`,..(%80%9L\[SP`"K,C0,O:1$`%J"A!=@;`'*X
MKZ4TVQ<03($!JL"4@%5]I/[VI0\:4`""=?&?$WP`A]18Q=R2T(`3`.`$,GBI
M#(C@'5:,P`-;>`!<(6P:"I2@!'8@0`P$H(48"($``?C2H:\2`!(0H`@*4``"
MJ-L#_SW0(`:0UI^DD64<(WC@%AM1\)(,@3@-:"!UX*X!3VMW'V>C>N`H^64?
MJ)KJ/E2E#U`;QPDP?9\/-*`/3*B=VQ90A.J6;0H]N%0VF+``(=0Y$13M7@#D
M(``2:&P!!VC-7O&A@1X(PE8^C\%)URCTQ"K6#S]X)CB_@PI(KB(7('!"`#RP
M]8-GX`4-X,QH08.DGORR/J,G[9'V0H'IWJ#@NEA!#=Q;GVKL9:8DZ($0FE"'
M`"0`DJ6@@A`4L(409R`%)4C8"[:BAV=;5`12B/Z!5@`Q0I#@'GCB`P>@<%)(
MIW3H<JHT$40@#CV2_C&G>,$)%L`$E+Q.#MX(^$Q[4E1##?\%417X9;Q&-2H6
M?/$8.:</*Y(!/\0!#V0-(M`!=B`UU(!^II`">M`#,3!6"O`*]$<$)P`#)"``
M,A``,B$"IQ$``5`#'I!%-P`%*F`(?X,/($5C))`FV[=XD--X*^5&_X,"?>``
MN"!@?8%;*8`2?P!O-4`%I<!(TS$T354?.Z@+4A,&')!H!,`Z-;!;*%"%SN8$
M()`7*M`GWV$-74``(B!5&4$3H8$`1*`%/R``JP8CI1!G(```-B`#*`"")G<#
M&4`"&%A7\H""'H``Z\=V,'`;,-`#XV8`-E``<M!],XA8-;A,6T`%-7%UN7!.
MB.,`4Z5@3F`'4S`8.NA3V!$C(K'_&914`5(C"QY``70P#:ZV$W4A5;AR8-80
M!HJ2=D$%&;56<060AM+P#"'0!RH@*BF06QF`#N#C`4`@`1W@!`]C!WU(````
M!>?F!`E`.`C0`T$0"C%0``5@3-Y'@\HD9'Z``BLP+T#87UW@!!X0-Q=`,*DP
M`@C``=\A85IC3;LP5$S(!&$@`N<P290T'7FQ3O/7``0@1=;`!`I0`PM0`.\%
M>\MP`@W@!S*0`0>&&0V8=@=0`X+D!E,8`QNG4!Q#"P9R`X5V%5"``$_``3,0
M!!D`!`7``MLH`L;T8RKUC90C`P10`>XBB;E``030+N'4"@X`8%MG%TZ6<!LR
M*P8274P1_UW0>`[Q-8H^\0&.\2T,``5#H1%.Y@&+4EK-\`<G``2S10`%4(M5
MA0X^:`<D(`,R(`'/X7<PH(SQ<"`;M5=Z<!530`)`T`#:^)**B$PS&63($@$V
MD`7,@!VT-A0E0`*2(E3Q=0$L,(37T06[TFQ/QR1G=59Q1H`9$&<K0@.-D1->
M<PIYX2[4X`$'0&MT$`:>L3`:P`SH]PI?66G+)DFP8(DO0``TH``DH`4;@`%$
M<%N_F$7R(`71^`3%D``+(P?:"`+;R(TR"7YFT3PY4`,XV39+IGK6D`((H``5
MD(J$I!XCH`&"TT)R40!>`Y558@JE2`$>8$^BY5-Y43`>X1=,D/\!'`"+NJ`$
M87!A2M`%-*`"E:%)DW0"=?`_!"`IF<%(FM0!NU4`,M!*))`!5U0"T"4/3^`4
MO>0^4S`!'I"-]>,X:71,W@B89U%I#Q`#"R"5,\43XC0D'F"5]^$9394"3D`!
MLP95;&,-WS(80>$`'C!([X6=J44*.4=ZK`82*M`L",`Y]]$`$10.H<0\/V`#
M*=H`-%,O+)`">>-F-@D`4E`#+%!1\2`/\N`$3R`%5T$"^Y`!!["7B.B<?@F=
M9V$#<I`$G?./.SH4%)`!.8D?8%<T\7("ARE:`98*9;5P3C6*\;(*[G0!=KI@
M?8@`O4,%'*"<J]8*I'`=\6)W^B0$*F#_"F[C-@VP5D9@!#90`PVCC\J82T^0
M;:[1`0@P"(V3`GO9?2+*B#09?FM0/!&7DSM!:P56?^9W)(.1`B>0A$/Q+M70
M!YSS+90DHY\Q&&Z#DUJAF?)V,YC4$9:R=1KA%4Y"`A+P`UZP-AXA`@+((DTB
M@@5`5X'"`A(#?3<@#^+C`8>@*PG0`7I9JW#Z?8Z7,I6V`'*`D]%:0;>P"NPX
M#5!`!1%'E@,F3W]``<?JIZ<P&*=0L17@`34%$H*D22,P:ZVH*6M'`@6`K9,$
MGK;@`!<7H6=%@!J0L#;P`WY``ZBSF2<@LRQ`!RQP"D]D&B*`401"H?&Z5[C"
M(C40!#V0*US@_Z9O&I-QVJ^48P,S`',*``"Q(!]S`U0JL`;5T#1Z1".H(`4"
M4S/K1$N=Y@'T4D$F=W(E0`K?T05=8`=NVP"C0@"&:;)S@T/Q00JI$[#T)54I
M0`0;=F8'H%\?IPWHP`)*D'P4L#U2P`,3(P(L<`!9>U`9T$OG8W,U(`0%$$7Z
MRK3\VH@I4P`I:A$C2`")(P<;42K3``,+\%39&A*H("2]P;#-0`$G&&8)<`,-
MB8C3$D,I```PP"1(TP%\0(*1J@'DVHIU0:@1]`>HTQ?M9PLVT`$`$(^JR03I
MV%NBH4@4Y0XSH`%R<#H>,$)MT`,6=P`'R3NX`0`CX*:V&G2X2J(?HO]/?L`!
MET(=WA`K^L`CM("MK*`$!+!$U1F]%?LNG^%D^#D-+.`$$O``&\!/R<"3#Q4`
M5%`'&*`%`E`'B8-BV;$A%V`'0F``U<L-?5&.RCJQ'/!.\\0$P9@C\5<!<Q0:
M3(`J=I4:)0"K)*@WK>-S-%"-5*`'>L`'O_$L[KNO(^HAE59$E88#5%``>7%Y
MG`$"!'!I!-@BPE<$`=N%U>`7]X%.F=8M0-4'4H`!$@`&9CP$0^`&.I`!HL'`
M0P`&;_`&0R``62`">\1J^L4!'H!A(D$8I%4*`#`%N?;$K8!3(/"K5!``HG&X
M3V3#+-`!SK8"&A!>"N`!PB1>;D!`N^4!7Y#_K]KXOL_IM!\"LZA4:2C0`#P:
M%+M@):%705)!!1E0`];R0FN0``?`"@;[-)D6`,CZ"A2P`AOP!F-P!,2\`6ZP
M`I]'11LPS,0\!A'PEK!;>X,AD'3T4XZA1ZX@!65R'70#"YU`M2%A"LPH&NGP
M'WD7*P3@*M0"`#(K!2?Y06U@`"-8!)I+JY]LQ/&+Q&E1RC:`@U<[(ZII%PC@
M"LR`$K5#+Q20>0N0!0'`!^A#`"2P6]>VF9;Q`L!\!$C@`TB`!!*`#`'@#G0@
M`1J]T3[P`#"P`M'<$ZC0&_H5`ACF$X0Q`@>``!$T`H(D%!=P.`8\8"?P1*6@
M#5E2`G@2#W8%?00(_P5>,@&ATP$@PV,VX,E+6UY'["&I9!Q>$`!=(!(AH35*
MX(Z!I"D;<3.0)!]T`P`#;55A\`(JL)FD.0T6)`%'``%RC01-8`P!4`(LH`)P
M+=<0<`02<-*P.T_JA`"BH1G1ZE1N(\65(6'>($\-0`-:5GY*$``K8+A]$#?^
M1S];(@((@`!.H`,R%GU.8&Y3@`(%!=6@W+2@RQ`M9=4!\`(Y(1)R0`"K0$EX
M^Q/R5`$+0XKB$`Y9D`%>G)\KX`0;@-%(,`0<<-(:(`5_`@42``<^\`8;D`5U
MW!ES0V."Y%.VUP!R8$F;QS5<$Z.1A`"MO`L?L##[^1\IP`ZYH@/U0R`W0/\"
M*E`@K<I+&S4!-4`#17"(GIS:GYNK"U%II;P`:Z`+%&L+!FD#=M%4%+L+I$`-
MYJ"?\]D*68`"Y0@9(N`&*H#&`@!2"4`!5/`$*9#A"=``0\`"67#2%"`4!U99
M&28*MS-OE<DB3L<>9\LU$TDPM\4*ZE$O.I`BN9:#5/`Z"^`PJE$"3J8#TG<@
MTX?,'4`$<H#:^)QNQ&%$J-12.2`-0:&:.-D*&L`!,[)'QR/8![9`FK(*UA$6
M"A4Q(F`:FB3&;N!T,``#;A!=_S)OS4("<YX%'TX3#/X!%$`B59P!:T!ODH*3
M)'!`Z&1(C*("&E!Y]X$.D`QS<<8[A7-R[^!TT"?_!7(9C2L0`$6@![MJS^\+
MOU2.Q*U]U?6'"I;H"FS:R\GZ`8FC'@>G'KTA*+D3"C2`-SRC.PC`.["S6R(X
M@EDP,5#9@*:`RQ>P``XY*CD""Z50R9JEFC*:"QR0`2&@FI$%!3QF89(K`EWV
MVB^PK@YCR5!0`@AR`^=V%<R>:/C*G-K(C:;^EY/6VEEN+DXE<6NCDQ:X=[A@
M?GGT,G1$PG=L*.#]'<Q0RPADX"%`-+$`!01`!53G@!7D`230.=7^"B"``)'E
M+94L-!2@!#+A,#00-.X*!08Q`1>2U%?Q0PC@!K9"SRW)`J4>RJN=+`'56+S,
M$_)D2#1@"U9&$5HP#C/E_Q%UD7#+:RA0DP1HK@K*JML*,"I)%T72""BILT+"
M[F0S$`/TM%3UL@#:U`"T]PIAT&-=+34>X`9L0#>:I&;N2@!Z\`0)<`(=@$9=
M(@7FD&@*<&XJ,`,U,`460`1[*>\V#^`J`[/L9@0J7+#R-`*O8PN#2A,9T![O
MX0HPU&F*^EY3R0SSHYD$..PB"$.'WA-='<`#!AY#.8+-^ADAH0<-X#8:8`.*
M.<,YB(K^P0(Z1Z\!H)253..T@@_VX`&$HP=!H+F\Z[E3[2&(7VEKP`%6M8,X
M>7&^:G"3+PX7KA[TD@*SCGYH#I4X:0L'0`()%3'AG%K4T/'<@+PL4!G/KTF:
MD?\"YB#VK/\'B0SH*A'#_Q$:BTM1"P,($SHZ'`L>'AD:*D\W3T\K*TX3*PM"
M'7HD!05R4`>>!QRA`*,`+C0#+01^JZRMK3\_.`\/.34C%W]_N!5A``0O%7VY
MP\3$+QD-%;FXQ7_!&@M)NA?4PQ7*U&%APDP4*!\?U=5]Y+G!X<I,2@L9(^37
M'TH7?0Y*#1X-M^4D4P0$-!G^*.E#@5P8"BPNO""P)L$:?S4`R-%10L>-BY`B
MK4B@QP")'D)8:.KT*10'4J5.I7+%DN4L/S$XC!C!!-R','_69.C2YQRO9G_Z
MR`D8#&@N)2.H)"AGM)BP:P%&-'7ZQYTS$7J8S/L@C&G_4`\!Y*CK,X)`!Q5R
M+C#IFH(%"PI*'(@@,:,#`1AZ.)0H`07*($>`5TR:H*%#$2$%6!R0\\F3292F
M4*EJ2;D5$`TD/+"H$&[>O07S*N`*!_2`!V?"C`Y$L>+/AZG-+E0X<0MVTZRR
M7S,+VB<)A04G/'2AT.`$E0I*D"M9[L!!%SD!.I`XH0!*"1$TI%R'<A&*E!M.
MG`B.-&'!%!2:-#%N_)A4Y)65*^.(@&(&"@=]0ES@&@8$#9E,5#!""LHX91IJ
M32%%Q0J<V4;,/">DL)N#P_1!0BY]<#5A:D$1L,!O!%#`1%4SC;"`!H=DH(`3
M()3PPA,G$`"`"#3ZU=UW-T`B_UX"'A`@1PKIK5>2*.ZI-%E\E6W!@P+RC/:'
M-@!X`$*`NBC13!\<G+:64;(EU1J'#LI&`@43.I@:,KF1AJ$Y2GR@`0%33$=@
M589,%X`3!,7%1`DLG%"##BSH0*,4(@PR02./")8``0$T`&20C8%"Y"CO'8DD
M2S_D0)U6(^A&35(>I#"-`U<"0!28Q0@8P&:Z4*A+'S6(4*:K`1R`X(8]B:;$
M%!WT<8$*_B`00`$7-$?.!10X0$$*&1#`)XT`++`B%"JLL4!XXP40@!8-I*=>
MI.U1:N2EE#VP`15=M"F-;,J$,8(&45TSZQ\+!/#'ED:I*H*\KLI6`Q3S.I@`
M"KG^0?_JFL*$$8P"4]A`0A$*;,-3!0@5U(=;+-20P0LE`%!#$7=EH(<>!+Q)
M0`(K2.$$"1QPZRBD[$V:DF3DNH3##U3<5T%SN?E:`0@G`%`!$PU<J8`&2>![
MI6@![.OJ,GUT`/#3Q$A!`KL?%%BA$P%XH$0/!"BP0@K)#!04?N300T%$+(B0
M00T)B`!%H2CKT)<"_@!`P[8-</OH)N#*7&G-+-W\``H_85C.-0<0X,2K8=2S
M7`4:4$&3:%)5^.H(3>-2IM;$B!8&$S6L,,\TS(AVP4PI."$M%=IVS0=J(\@A
M+;P9G*"BAWQL-H*`(=Q+%A-T--!<"@`4$<`)>IP@*(T47:3_@Q3?K0!##S9H
MX7*W,`]Y4I$T$][*`WYL<`+HH7=J"`@.<)9U-3"L$8\RN09301+(_='T-<HA
MY_\[]Q--%WXG(Q(UH`$@@,("LJ`!>&GK!,'10-U24`,%P"X`N:..$_95@0(4
MP4]]T(J`/I`"*_U."04XT?)JH`A&)>`Z+[";1:9W$2=XP`9UT-X!N?>MF'U/
M7.$3WRI^T`3S%:P8N^@#%4@P-!)**`S,*ID".%"`%)3HBF1IFJ^NR$4NLJ`0
M"K!+!GJ$@#(2``5"L`$'`$8J5(V@`U2PP0%"6!4P=<$.8U2"A/K0!6T(`PHH
M*D('%@"%%_2!#26P`Q7T,)'M#,(B_X]0`0URJ,,#>DM(CA'<N(0X1"_@8`T*
MD`U0@I&$$60@`-@("F<R(`0.*"``!"AC&6G@CUJ"K):XK&4-9(D`6GX0`$#H
MP@%OL;KY70.`HE%=")2@``7TI`_)*1`U'!"@"E[#`1\``0=@B0`"V&"`!'C+
M"S#V@A=``6*%NH'<I."(%:B`#]K;'@\!YT/(;)*31,2!!`+`DV8<DT"S6<,M
MKND`%05CH)ZCQ@7<U044R*&+MPA#0A,*RPR>`(/:\L`)C[D,T2CN`EQ;SI.N
M,0RI..`"4P"``CP`P1,,L@'03!8(8$<!A+``!!P3P0&:I0%U3N\)4E@!`3B`
M@7BZ[)*!^__AS.##R0?$X@<V<*8_F>".$95E`;[Z`PCPN(``#;1^1?D`YT3@
MFER9%:S7",/R&JB`!:A`!"G00@`6JM!I3@@75AP3$T1EE`(T#P8:`$`#AN(N
M_AU/2BE@0SE%P">^+*""-_C.].!5U'CN$*GU!!]3.;F*!WB!`&1]IBI%%0*I
M5*`+!>2<7>2PG,P%)2C4Z,D%.E>-8<RCKM1`3@`6,(+([2<Y#0C+:UR3-?Z!
MC@DA(('0AL:_U/0F`U3(6H"4E8$+2&@>*2!'`#20@A+8U$5[$8$3".`!OR0`
M!B0``@8JNSW,>L^>010B#CJ+@SK8BZ,D;88(9/2!*2B!`DD`8+[_9DM6]$UE
M#1JP1H;"X"85A(Y_"N6-+CR@@+%<J0\(*`!7!D*.\[VC#Q*B@`VGY!87O85&
M<O.`!LX9`RW48;U&M63W,JG4P36UL^3S`@**5I6F_,X7<Y%*5U`5.@([@T)]
M8(<UL.$F&^06PI_31>6NX5IK```!!4G.""CPAPS("C7DP$\&%B`7%KA(!!1`
ML0BB1(4BJ'<(,+;L/#$IJ1K?D[,_8`4!>,P$)APL5:):``%.P`(*,:W`2.8`
M`2J4524ZN7['TH8V<NN`;0J$R'WPP!J2(P_40",TY$@6E@B`4X30*,UJ=H(>
M4+!>.+/WJ#.N,WPWB\\\^X$$"B#.Y8!"_]6A+:`';'@M;)"R/R)SZ0`U:-4S
MLZ8`(?AO)M#DRC!2\+[@CJ#3Q1C!CI%#U=,=;<CT0)L'`,`QM[P`U862&PFV
MT.HX5]*]-)ZUI3C+BA_$8`H9*$$I1YFK$7#!D!).D!)7$&`*74`.!*CM,2L`
MK'*:5AOMX[26+Q!<$&";&"F(0@,N(`\"Y<<0IPMSVD!0!!2SX-QJ+A0!!+#>
M%QL5UCU\KV;G33A;LP('1I"!``AP@.0T`YO8K``4/."K@M?V00IJC;1AXRN$
M3\,9=&C?!190!.6I8`()N$420#`3*(RQ"%0X@1S4A'$/R$%`:*=`!1)P@I"C
MC1POH,$"RGD==/_7B`#L7N^K84Y/F0.1UO26!0GT0(,<H``!`'"&Y^[U.YHT
M0$5"/C)0!J*!QRT=-A<``=%%68$4U*.8++`@!!%P"03LTD,J*(`"2("`=B0'
MQ-U:``*81,Q<.&!E1?%5V@B"``Z\@+'`AYX.D,URO;]:QC&/]\SI[9(-R$`&
M?O#"%CS@!%[(IDNY8`(49&3:H@"%'(H0-M.1I5')&T48)N*`M0H``"Z'(>K(
MFH(*%+`&#!ZB<C0X:($<L!`K74/MR@(7)Q)>%'`=T*,"5-`!QN=N?$=GX;)4
M-,=\?M`$?@`+?F`#NZ4P\N``F4,YO.4.WA<;P@`-:1,F%-`.Y@<4N%#_(KY2
M5]<F(!=``X<0``#``07Q!W*@!V056UF3`@3P7R%`,>U34PY@!P'07=YE=P&@
M!T60=WH78W.65/(F@:V``U8X"_6U!D80%LA1+,R0:2`@#?EU?GU`@KUA&UF%
M@@;V8/9#,0`&#B.`3;YR`E"@!`%R.K(A!!FP<.A'``3B#O2P'.I0``102(VE
M`BC@4F!C04YX?%&867\7@7@&"Q8H`SF0*2=`#\E@#AXC#-?7%/AS`52@`$\S
M#T>8@O[$/SWF#/"@,+=0*U>$(;.A`"2%#4D!`&KA`$"R551``S70/"A0`S70
M!@3@!B7`!@F0`%*@!R^&`2XG9_`F:\M'A9VU_PJRX`53$`-$A`(J$`:;Z`P+
MP$2&)HK.9&PJ6(90@(J*TU&BHU#-H00*TQ-MU6<!$B`5\`0U("KLXBL.H`(:
MU0`*T"R#)@0(\0(:H`!2\'L&Z!V%`AS&!X71^(`V1HU6.%_DDP-```LQX$PD
M]3L%T`8EX!3&%@RCV!5AHD0.MH9>H4ICR'$*$P]Q)P(CL"[74"_!(!MD01,I
MT`&%@`"L`0(Q<`/CY``@(`)2<`AQ4R@6T0@W5%2.&)&:%%_46($_D&-.E0-[
M<TJQ0P(UD$K'Y%R>H@P6!#K,(&1/<4T7T!"_,RLKR8KG\!H>!0X7$)"=,@Z[
MU0<*!#N\A1\G(`0U(/\$>B`L1$``HP@%(/`$-Q0#VB('+Q!9%@$`)+``[G99
MZN&`40EX4\D*L^`%Z.$M(&`#C+)<T'8-5A0YJLA`J10/'Q!@&3)<[#("0N`&
MUQ8P5),+-*`"OA*/N7,(B*"8UP`"T5$#*-`&0"`#1F`$!;`\*,`R$I`#`I"(
M`)!(->0+"P"%\\0>TAB)F=D2LC!?&%A;-=$%*D`"?$"+]',+RQ$7VS`"KW23
MDU8L[=-<03%8`9`%LUF;3>$+N8`3?R!>(-``09@""+`&)!"9!1`#0&`$1;0!
M$?!\0%``.2`#$C"A`@`$))`!3R`"-V`13D`#0"!GW8(QG@`%H9"=$+B=+C'_
M"S\@`2=0`LS0!5K09Q]P`&O0`1HP.619%:]4%8*H?44P,AU0`W9"!*>T!B_`
M<?C9%%I`%*;59[HX`AXP!U.0C9[D5$TP'Q&P`1N0<QLPH<XWH1(@``)`!!?1
M"(<"'!"9&(O!":!@HA.)HD-4@15H`T*S'&E)`#&`$]>`&>,V$]8P$'29`=/1
M4C0@5<8%8F216TEJ%-N$/Q@B%>YB2B=``R2``GE&/A'P`!&PJ0RJI5HZH3D`
MIL^9`#<`!>WD!`B0INGA/9<IB5.99['@!T!P`D$8#FNP!40`%IZGB^Q`82R0
M`ERV+*OG@U"@BJ8!`]EE7*JXJ$W!-3V!#O<3<0$8_P!`0#Y7JJD1T`2<JJ42
M"J9@F@-KD`6F6J8KD`4>4$D-X!::X$.M"J=5^!*RT'9!$09K(`%-X`48R`$*
M(QKW0%Z\Z0$UT`$>D&&RY1K,H@"UURK2M(9).@)MATT7``4!8*04\`'81`53
M$`!UH*VSL*D>ZZDRT*7>&J9"4`0+H*'@$0FG5$E`$HP+(`<HD`$FT:[NJIE^
M\`#S!014X%4+$`,XX`5-(`%3<%)@`E$YN2:YD`(,D`$%D`2[4"P9H@L?T`4<
MIQNC=%SD0"6P20*P%`!"@'=`4$%`$`/A>&\=,!_8ZK%9ZJDBZZTL!T&#4*:3
M0`!"P"T%8`-M`#:U\A'A(?\%'*`"4UBSX].Q;:`Z(U`#5@@+-E"LYF@;2($W
M"/M:LC$0LG%2_C,OZ+-A3'!1N6,#.6`$.;`%`A!]1F`#5"`$=2`#7O!\-YNV
M'\NV(RNF`E`'-2`%$Q`>MWL#X;A#*)"-@$,$!J!\VBFX+8$""T!2)``+Y`,$
M-J`52>H`#?`!69(-YH`?65,5:A&"4]$%6M$`]1$#$:"9LX"S\^4'%DD^K>NZ
MV^JIL2N[80<`*Y"RD&!V=EN9!Q`#)R"\)TJ\.+8*&'`">E0!R5N5$T@"%T<U
M'"<:&0`"L24Z(Y`/CK(Z/=$4)DD'T40%=?`25>E4&XR^LC"^':N^:_NI(QNF
M8HK_`2C0`5F0(^-!!?A01?;K"7[K!-;B!-_SIOS;6?>!"P&0!@3\`T3P.`UK
M)5,7`/1`9<`22T6``$X@%5Q&P>907%0@`5[@"I38$NC;NFJ[OB3LMB>,`6$+
M`(.Q`@I``\@G!^LA!U(`"AT@=PLPO#E\<\;;1RE``D8P1%N0B4EJ5G^`>+]3
M`0V``%!P0!$;-@5W?LM`512@`2C0G5;X"NG[$IJYQ:_;Q:(JN\4G!"3@!#<P
M"0K`!V<,`'*D!QH`"@]#!56``OL;QT,D`T(0`/"H`"@@H4Z%`@F0I/!X?110
M,CVQ4P02%Q>@:*`!Q1?P!!W0`WF``A%@@9>2Q3>;J93,M+9M:\*87'P8FP&0
MD`4U8$DB<0`(L&IK(#-?$`4!\!XN4`7HG,[JO,[LW,[NW,YW8`$64`7Q?`?H
M;`'Q7`7SO,_ZW,_\_,_^K,\N8,_R'-#R?,X`G=`MT`)6\,X._=`0[<X6X`+R
M/-'[7-$#3=$5O=$#W0*GP`<&$-(B/=(D7=(F?=(HG=(JO=(LW=(N_=(P'=,P
DO04#4-,V?=,XG=,ZO=,\W=,^_=-`'=1"/=1$7=1&/0"!```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>34
<FILENAME>o68633o6863313.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863313.gif
M1TE&.#EA``*#`>8``.29&8='$FPW$<3#O9N8F/7JT\VRDGI"$YE2$K".9Z96
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MO7!C6;BTK5MPC.?`:/SV](`^#IID%OC[]=+-Q_/W^6V1J^_P[7".LXY0"SQ4
M?3T\2?KJG60Z',2^PK.OL_[W^IZ?IG^%>UU<95!RFG]?//OO\6&"G+G`PH1_
M?V$_%^+BX,O2T*%:&D`@#?__^_O___O_^OO[^O_[^________"'Y!```````
M+````````H,!``?_@'Z"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^1
M/:*CI*6FIZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^OZUI@@-_Q<;'R,G*R\S-
MSL_0T=+3U-76U]C9VMO<W=[?X.'BSP3#X^?HZ>KK[.WN[_#Q\M'E?L3S^/GZ
M^_S]_O\`R9D+2+"@P8,($RIL5^_>PH<0(TJ<2%%>PXH8,VK<R%'CQ8X@0XH<
M25+=QY(H4ZI<N?(DRY<P8\I$Z'*FS9LX<Z*KJ;.GSY]`E_$,2K2HT9=#CRI=
MRA1CTJ90HTH%^%1>GJO&L%[-`Y"K5J]<IXH=>ZYJO#QAKISH`63`A#U;___E
MV5/C2H\K;N&&)<NWKS:S\/),@+$`!(P/)?3NY3>W#HC",%KH]4NY\C3`[P0_
M-HSX*ERY>1H\/EQB[F++J%,;P^Q.,&'.I4UW%0VYA6S5N%.SEH;5V6ED$S9_
M@%%ZSQYQI[TF^VV,-NG)N:-3WLW;3QY#R/P4$_1'^Q_-D!$78UZMD#'MWM$3
MTO.'S_9C?F@;+M'=N_3[8ZE'$\0>._?V]17C'GBPC<>-?][Q89V"A'RWG1\*
M;B<?<0'B9Z%4^D&#7GV#=`=@?W^PY^`?P85'WXC:^+>8>AVZ-Z!]\6U&X7\7
MUKA4AM"X5P.#_X46AH?:N>=@B06BF`TB-=01AO\6=3PX2!T#U&",BPI.2!^-
M-F9)%([->$'"'!/,X46#>DRP!!H-H`<%`034<!61I!FXC7E_U#$'"25X,4<7
M`?I1@Q4G3!!&D#W,D::5%6JIZ$]<,C/'"6'40,()5_Q1EQ=]$$#"%20,T(<?
M#Z0P1P]\\`&G>$9B@]T5<QSG)0$]=,$J&EZ`4,('<S3)!Q`DU!$C9%?:M^BP
M.#6Z3`]+]/#G',S6A2<!5I2PQ`!AU4``$&_*B"IYU!2B!Q]AW#D`%,DN$084
M/9"0P@<I`"KE'PWD^NM\B1)KKTS&*E.#E[RZM<0#!#`+1`EVECH7$'.$X=ZI
M)W([#9UYU+6$GN&&>8+_%5XLT4"G@\3K*Z)8WBMR2P-Y4T<#!)R@;AU+S$%`
M"7,,7`<)#;@W``E`O,NPG"DV6"<:R(HJZ;H#8/S!QFUJ%^\$\\XH[,A0EY1O
M,A<;6L(#8;`QP9<]A,H'F^ZQ00+.Q>R<ZC7F\=%`"01`T0`4?'@1Q@DG#-!`
MS@^4D*8?6J100]/!1BVXU"5WLU5<&A)BML/S`%[OX)!O-#4RA_?V3"&+!^1X
MR)%W3M'DQU3.^'F*:]NPYB`_[?GJ$(&>5>7[E6XBS_YLKCKKN--4.#>BQSY(
MY@#9GOOP"KE^I.Q%CAZ/\,0W7Y#QJB(?Y]G[,._\]?Y`C[;TVZ(N8^#8A[^/
M__;68&XZ[?U8+_[Z\9!?'O>G!Y\Z^_3#XWZW\*//C_KU][_3[O(PW^RHIP_^
M^>^`X+C?P_)'P'P8$($0W(8"I2'`Y'D/6(^+H`:Q,4'?"0)X_WC@!D<HC0XF
M[G?G:R`^1$C"%C;#A)=CH/+@P4(7VA`9,'1&!:<WPW?4\(9`S&$S=M@]^7TO
M@T!,8C&$R`PBQB^$\U.B%%<#P.7)\(+TXMP4;\C$93A1?]6+XA:5V$5E?%&%
MC1/C&(-811I>T8@8U.(:25C&9)RQA^[XX1PA6,?LO!&*1Y3C'C781_C\L79J
M'"0=V^C#0Z8OD8K<8"%)A\(!XK$=>HQD_2;II`^F\/^2[,BD)MG'20YYTI)8
M=-HH%VF/ZCER?Y!<Y0%+><=4@D^6$:3E*\,8R-OA<I/#`(4E'`,9X@A3$Q-J
MP3&7R<QF.O.9T(RF-*'9D&DN`D[&M*8CDJG-;GKSF^`,ISB[6<UQ^H&8ALFF
M.0G!S76Z\YWPC*<\I5G.<6*S!/)LYSSWR<]^^O.?A:BG.-$)`W6^4Y\`3:A"
M%\K09PHTG/?,IXR4V="*6O2B&(7$0\%)4(.Z$Z$9#:E(1ZK0C7XSHO$$*4E7
MRM*6BM.DWNPH/E,Z49?:]*8XI68PS8E2>*HTIT`-JE`E`=-NRE2BM1FJ4I?*
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M"1ZF_XP\.EK)/OC"%HUP)19LS09C^,/OU#`E!LS>`H/XQ/$4\20X/$T/H_C%
MWE2Q)$C,7Q/#^,;@E'$D6"Q-%^/XQ\[4,21HS&`;`_G(.K7'.GD<31\C^<F-
MW>DXB=QA(T/YRI\0\B.8#$TG8_G+E-"R(ZC<8BN#^<R6$',CN/Q,+Z/YS8M0
M,R/(W&,SP_G.C9#S-2<\T[9:&,^`#K.4!\IGI!J&HH%.]"3TK`@V.]/-BKXS
MHQ-!YR;;.=**GC0B'-U,2&,:S9H^1*6[?.E/`SK4AN`T,SUMZB^CNA"C;G.I
M6PWG5TN/PK3],ZUI;>LG%7JKA]ZUL`?1ZU.FL\]_#?:PA?]=['/^VL_*7C:O
M!PW19R<[,M+>=;-C_>A99QO*S5;U,EG][1MOV]J1C7:Y(QUN=%=8W>M.M"XK
M:4$X9M&7OR0E(_.XRP+&,M_Z;F4!^^W`?P-<?/,V-@]MB<2#(WS?F"3X"@WN
M\.LEW`\@1&0O*]Z_BV?\D1OG./T\_DF&"U+DQ",Y*NVM2I2O3^7U!F0<\>UR
M@\0%E""!^<)9?LN:GT,10TS$=[C"@&)!/)023V/(??YSH3<Q$::9B]$%[L"D
M!Y#B3)^3T[TH=-C91.=%E/F]L]YT1`3=[,8Q#LXY`O8G:GSF9/=&6*X"=+#T
MYCJ&X$.2!C"`,"!N)FT'H[^7'G?_;>RA"Z;I@A^Z("3K7.</:L\#`^;>'?>$
M80!LL$(9%@"FR5L.7T=?1RUYWO#"4V,N#%#['[K0@`=XP6U2BCI<C.,@M,QA
M`;A?P+3"$/FU2R[TZAB]V%MN^FQX1O)IF8,5EL#\-DQJ`EU(^U92[X<P/(`$
MN2=`S7KO>X\`/QW"?_O8BY^-M'<A8Q_0FGOZ4`=DP0!2M#<.`QIP,^8OP`H-
MR$KJN_][JJ_0ZLN#=>3G&W,Q`"!P`G]#"%SQ!8-!`KR'%J("`B!P!770!1/P
M!3WR'<<Q=0[Q?_2V<\/7<P,80X3`!^LR)G4R!U"@'0-0`M^R,23@)8^A+GQR
M(]^'#N$'_W)P-X(>M"!SP`:?\@<IL`!'\P<$L`3LD0</L`1$2`!>X"9-$7AH
M='6$QX-G)PA[L#4U`R%#"`($D`<$\`':<14]4`9U<!5"PA12R'_C($H\:`CI
M$B1"N`!7L``3$(;<$1IED'\`PH8JL88F1W,C6#GFD08DP"%#J`5M8`5X""%Z
M!P.^`B&"Z!.`2'HG-X**\7@>\@=0X(#UX04+`"ZZ]P'%\`5\4`<?,"@=HH8W
M6'8*%W;B1WQ62#F?07?CH39+0`#L$3>A"(9$R!W6,@>F%(6MV(8`2$,"2'ZP
M8QV7=WNXYP7N\0"I^`=?0`)6H`=\`@0@D("K:(/^USC'Z$/)6/]\AP,7>O(8
MN5<80%`J34*--:"*/?`!I#*,K/B-`12.H>-UE'-\HM./L),ZGV>%RK$O;/`!
MZ5@8!#`!7O`!DU*!?J`'>]``Z3(M8>$SWMB!X/B!L#@-Y:@''NF1XY%V0^<9
M>\``GL>/)&DEW+$'(H(,+1EWVF%])=`&!ZE[)]``+'E.FF(%7W(G5L"(=1!Y
M4U&)[^,='ZD'&8B4QG"4>B`$3,F4*OD=2)D>1EE\-<`KZ)B...-W#0(N#Z`6
M)=`#7E`S^@@51(D_>5B19I<,&\@5WF(EGF%V?KA'7-$`3'B0!%`'/,(=_[$C
M#_DZAS.4Q2@..0@-AV.2)]E)?H"8#%#_`4FP`51@`!>0``9@`%2P`06`!(@9
M&D>$>B89D*87,<Z(>TN0`HJ7*'SI,X(P%\<!FA?I2AKI=M%P%8Q9="-YF`60
M!`:0`#3P`B_``D?``@$PG"Q0G#1`F1N`!`5P1)#'F',WEY$$BEX(?:9D'0U"
M(PIXFX)ICU84FX*W'+4(>229A(BIG)$9`300G,.)`1@P`NY)`12``<,9G"SP
M`A&0`!/E%5VPGV[I>-`Y2%T`!#C)(I+@%V?9#%)7#"WID=;!`$B@FPD0`2]P
M!/')GNSIGN[)GL.YH1S*`G@`&0F0F7VP@0PZAO^Y1B9:G9-@H(,9#H7)#$I9
M#'W0!WF@!0]*_P41"IP!<`0C@`'P"9\6:J%',*1'@`$(8*$(,`)'\*$%Q0)O
M$`$7D)P5H`6?DH>%]WBI:0DLRIUNY)U3N)1)6`$54``;<`$22J042@$8:J1!
MVJ9N>J$C\`(?:ACU6:3V:0`%P`!]4'HN)XD$2@E;BI'WZ*6+<1L:&!8E60$;
M8`#H69QI^J,^"J0[NJ%MBJ$]6JE+"ADL@`"<2J3'205Y.GGYZ'NN:4.-EPF!
M"INOZ':2=QRKB:@5@*,O$`#PR:$_RJ&X2JD!\*9!>J292J=)RJD(,`;$>@3W
M":K1EW:?(8AT\IVSN"4M"@XY&!<=D@<58``L<`"Y.IP4L*V[&J1%6O^DO`JN
M<PH#!R"L[$FLZGH$=[H!%:"G>\H>BF%&AO"1SVJ6T?H-A<F:W](':I`$"2``
M!S"P6S"P&UJKM<JAZKJPQ#JN[#FDY7H`[8D!0XH`*'"Q&#L&0\H#!I`$[[I_
MV#$>GQF8(7*OQ,BEC42HHWH5[*$%!1`!`A"S`YNM!+L%N-JF8Q"D#.NP%!NQ
M1:JD1VJQ[HD"23H&"#"D+Y``5""F#.`M(0*1SEF6)FL49REYMMD>+SNP!V`"
M7&L"9R"P6U"P!GNS#+NP/`NQD'&NEXJD/7JD&+"N0\H"GZJ9B*F@'FFUL'.B
M4RL25?N9,UH`"9"M8GL&7<NU,2NP\WFSN_K_K1;*N+SZJQ]P`#_KMA2+ID<P
MK'"+M/=I`)CYKL;!!W^WM_B*LORFLOK'%6J`!"U`LV$[L(1;N(9[!EKKK;GJ
ML&@+`I&;I$;*J<5ZN4>PL$?;GAA:K/9Y`:#ZKG'1'X*PIZ)+M?GJ#3G8LDB0
M``9;LZ[;M2!0N&?PM;-+NX[[IK]JKD<Z`KS[N[^[LT&;I".``NO+OO*IK<?)
MN07`M'F@!D'8O$5QH-A8`2U`L%K;NM>KO:]K`H=[`&$;MKGZHT`*KI`KL>TI
MK&@JO.0[M.3+GL&*KN>KL2\0OU(JJO@+K:0;<1]((?N8NH'KOUJ;P@,K`+`+
MNX<KL"J<JPC,N.$K_[EM*ZQ'&[2[2[[#:J1%RJD62JR8V[M#2@.;Z[%U:PS*
MVH\?C!(Z-R/YB`382@?_"\`J?``QV\("O+TP3+`P/)P&C+@!X*&:.K%!C+GH
MRK-(BL/":K2]&K])H)FLJ:S<IY;<\90ATJQ-?!!/?"5W:[54\`9T0,4&?,6&
MO+U:+,!8C,593,`"0+.,3,:&H:UJ"J?MF\9JO+M&.ZQLW,,4$+?'F9QXQY2,
M(")'&;)[S,?/VPT[-",M*1AO(+!=;,BTW,B)O+U?*[MTP`*$BP=XX+5GP,MG
M@'ME``.;>K&<BK$7.[S`B\,XR[MM3+EN>@1C_*D%8+]V#)).\I13>8FIG/\]
MJWP@MW8E)6M[='"X5DS+5QRSA-O.L(O+V[O+@]S+OLRUPYRV"'`'^JP`_,S/
M&,O#G1S0T,S)0+S&OCNI1)JTQVN2_/&20/?-#]''W<&@UEH"\1RS6S#+ZBRV
M6HO([PS,7FL"=!#/B.S+OHQ[D[RK1]#/+-W/G<R^`!W-!.W,;$JQ-EW3&AH`
M2=NQ'UN#'#*2DPC1`2'1#XF45]$`+0`#7(S1'$W+Z2S,[@S,\,S"`I#+N&P"
M)PT9LKNC%MO2"J#/=Z``+TVTG;S);*RSZFK!-$W-&XR<!9"LH<,'6K`5M"?4
M"4'4VFR2?$`%,&#/BZS.ZDRSA^O(\-RU5'VX9T#_!UB]`,7<M6=``2B@SQ?[
MU6#-TNOKSVF\R6:-R6\+TYU:N6HMG]1\!%R`G$C@N1]9DHGYTW8]U.&L=2/L
MQQ#9G'Q@@4OPRUZKT8!=R^PLU03LV-IK`BBMU.TL`",`UIX=UBRMS)%=U@(M
MT+N+N6I]P>]Y!)\Z`4B0!Q#YL:)JD:T-SB&,=+$]T?)*DBYK!2"`V[J]VTV]
MPE5-P(4=TKG,M>6:V(D-I$:KSSZZ!9.]W.Z)PW?PW,\]!LA<T!:,TT5;JVTM
MOZ=MDO3XW>`MJ-VI<"2\LE>!!"5`WWZ=P@>\V]JZPL`\TNX\P.T\W(0;LT#*
MJ?"9S_L=G_DLV6-``4(L_ZP!+N`O7>-'NL#1+<$VS:$;?)\7P+D>6P'YJ'JO
M`^'L<*`<D@=PT`,P4,_VS+T=OMM@?``#7-6YC.6_O=B&<<X"8+.T*N-WX*/L
M.>8'')^1'>`,:^,!C>-IK.-LG+-O:Z&7FM`TP`,)T`*6V;E=L'\!HK=(K@Q*
MWB&'E]2X7;@O3.4?'@!;&]*^_;6.;N*RVZT*K,\(L`7QZ<8'C.D4T,;I.N/"
M&M-L+-8(0.HUKL#Q&:YK+*P%;N#":]W'BMU7ZR2!7A:OW3.FZT=CR``9<^CO
MO+T'`,DIO*$IK,4G?N)<3MP2:ZL4<`<K<`<C$+:??+2,7K`VBZ;SR:/1S>;"
MRO_/`2Z?N$JD8SW9DYW,:TKF/!"E\SMYW5CK"73KQY/KAC2&?-`'!=`";Y#(
M42Z[')ZK6#S`P+WE)DX'NOJMS;X""D#-!KRC"F^SLSOL%9K/W,ZI"L"^Z$KL
M8WNA%HO#HL[#/JJQO[NC.UT`6C#KKAF894FRXZ'RJ:SDRY`'?5`!5V`%KSO8
MB/[%/^KPDCNP6P[PKUNN5#RD"4O-`3`&"K`""`^?VFJS/AH`'$W8W;OM;=N^
MK8X"%8_#,4X!8?SE#-^IF,O<K<[9E6NLQINGR7N42QQY[&ZB@6G4SAG4L^CR
MS+`'+GL%$0#P+BRS!4OLC*ZMM@S<+#S<(RVY*!#CDTK_J_F,]-!.`38[PWW/
MPH9;P`9[X!:\S&1ML1C[XBJ^PAT^GVC,R9E_^30]]NQJG\B9!//+W:VYB3#R
M-*NYVBR/OW*O#/)JDD@P`!'0UUJ<Z,/>]XQL[,GNY0%`UN"^H:6N^`C0K0_/
MZ)#OV"^,T2K]LV&OS&RL_%XLLQ)+I-,M^C@<KN**[2)OQ`D0Y%2`^J?=YS3Z
M.(4@>?WYJH!><;.?#/9JM0P`!0DPTHC^M<_?Q6`,""P')H2%9X0+"R`P9V<"
M`A1W=P@(&!@!F"@**YMWEP>@`:`FAR8"I(V.CZL'`4>4L)0*"BBUE",8%**[
MK:`'6P$8K['$E);'R!3*N)BN_Z(L1R\T$0D7&T@,#'EY?]M_?GI_>N/;>7Y^
M?]_=W.GM[N_P\?+S]/7V]_CY^OO\_?[_\@B<&P"PH+MS"">`4`3C0XET[.Z-
MFW@NSYXN4!(P*K2J$:L#`GP=8$&G%*F3>!;`@$%GE0`,DB9=PD0!Q1U."B9A
MZG7J5"%4J5RN"C`)P:RCM5",6#H"P4Y?O$0!:Z:,PIBK5Y'E4G8,%RX*6K<J
MB_8B@H$D%;1Q`S=QW+=S!]$9G$NWKMV[>//V$^B'H%Y]",\I9.@08CYO<?WP
MR3.AA96@CU2Q>K3%E\F39Q(M\KA%P)8C,2<=&1.``H*;L^XH&('I$:%#EU/)
M;F3J`/_HH[AGH8!E::<HD;]^;=G2.ZSQXV&9+M5UA$59`]>TJ.$SO8^:/GVX
M14R'_:_W[^##BZ?+U^]X>8']#%Y4N!N^<MO3R<VC98*!""P\"MT/\K(I.BEM
M)A1QJMW!!0IC'*$,`CCA=$1GIA#2TT]`.9)*;:_DIJ$DQE`P''"@#!?,$6%5
M59561Z1H"2['Z?*4;=,DT$(+!M!X@0$&4%&`-F_EP>-Y0`8IY)!VE4=D8H(M
MQ-Y#[KV'V#MN^<@`$E0D\$9^^[D$BDFKT)'(2IRM\IF!1U&B#`HK<,*))YVY
M%*%/KP%U$H:3:'B4:F7F,EQEOH@83#(8C!&HH"@..L92R*3_>$0SF/2&"9^@
MT`$*:'?0D``52&2W339'=NKIIY\:Z6EZZS7$9'S^[&&1JGEDUT4!][$@2)]M
M'M!2*5T&R(ADK(RA(0)+:9+F:C,UXXM0IEA8RH4"!&"4G1O*I`MPKLQD(C&V
MQ++B""EF16@N6C'ZFTA';-+)'0ELD)9:H+;K[KM_B=HIJ4J::IA!\*G33@5(
M;)``#8)(]=LJIN3*D'X#:I*;)#;-LIR+XHX+DJUNOL8*M!HJA4S$4NUI6E&G
M)54,+MV.=BA3AU)"VJ*,SDK4PI5>L"-B^4+T)+PXYZQS.O(>22]AIWXW$1^-
MX7>`,@'L"1(K`!Y\1DG[;8'GKY5`_\RQB>(>2_!KMDU])X>5((=!<"$!,XPL
M2.FV&P(I>@4L!DR)#`N)C![S["PXY70'#SJJ9=$V\^VAZEMP[6SXX4+V3.3/
M2][KG1Y[=%-!`56^`**QMNJ*L`"0O5Q+:$Y%;.+H5H=B;)8PX193V&(O^DM(
MKI"(@2Q&*:P;)6<70XG<N%LB>RXC0+NFI=&)TU8W@Q,.#N+,-^^=XD,R;F^3
M>EG43CA[\+M!"_]>*2L+N["@>9:2$<5%:IY<37I56?\R8HH#KQ+\G:R++<S8
ME?WY+26J(5#+[;HK1E+6!@M"*4<37BL3)8B'A.NHPWIZ*-PYPN&\"EK0(-`3
MDO3:@RJ[K/]*'.G00SFZH(7))8$*5+A``A(0@0A\"0:R$@FO/!,`I(P`:1QC
M%/L81:MF*`I^P@F>,<!EO]F1:"J6^%:@8H$4`@80;6K;32U&<#)<C.$T4V-*
M+IKQ@@1`9UW>F$@["G?!,IH1'QD,T@:#]A<?<:,M<*%@.+!CG<F5*@(J;"$-
MWO`"6;DD>$K!80YUV+X0B>@2EF".["B`J"(2"G?U"]3L$CD[66@B6T_T7\;D
MII4A;@P95T&`-+Q8`#"*\2UG3*4JXY%&(*W1<=5;2WK\(#C!K0,^#:A7"QA0
M`7X58`(;\`(5#+#""-"`!R\X0BA"(<A!@FA/S4A4$8V3E0!B15#_8+&;)F>1
M2;0-<(">+%8.*_FL-*W`0'B\!@/VP(?(H7*5\%1E*\_S2NI5;QZ%*T<V&/"'
M7#*D!!'1IQIZB00D_)(*W(N`]XXV.C_Q\)FM:-0Q?C?-8U0SDUK1Q1CNH+!L
M*<`H_OLF+48`SDK0;9"6@(6&S+DF'EAC#^-`!QGC25,+SG,\]>R@72AHF'+`
M`SY^\.<B'M*6F$)$<&)D0`%.>`%C"@)\$2TDB$SW)[%5E9JY^]]'UR:H!-'$
M67>S!2UH\<U+.C%LXMJ"B6:7$^$U""==U((X9EK3NC;OIN+)J=!X>E1WRB,/
M0H5!"=@2G[:PRB+9Z$(7E+H!8D:@CZ:;_^I4IW)5^%&%*]0,Y>Z^R1MK'6UW
MNB'K6,NJ"6TE320TJ61,5MI6O.%M31>H0!XB*!>[VA9Q>`V/7A_'5^0==COH
M`&R]!EN1<F1'/G_PV]_TF0U^,=68R@R)9(5#V7!![$18O2(L2,J[2I0F::;1
MI%E)6](Q>(A/L1O&U+8),TF8Z[V2H$(%!A?<[<"'9MZHV6WW^[R!?&JW[PKJ
M<-]I$'1TH0%0J)$Q(1NB4$"3)F#A2H0522+9=14!6"$&,@J82`)Q*"E1Y`W2
M)`4,2ZF0!ZGY%?KP%!K5#,N<7-C`'O997W<P=U7PJ:5.^<MC#/IW5($I%0=Q
M)N!_$A@@]VTN$O\:L`&$LO!*4(FJN"Z134Q\ZV05M1N@8B%%`CIJ3V8KRP:*
MD*,B)(!#:EL8QM1T%!X40$K\_$-VW$)!-\XV''#>9X_W7*0?SRO(]1HRO(H\
MU"/[X[ZS;8=V&*`%@R:8A2Z[W)3MQI1(7E.)G027,923R*0I#1/&X$%C:?""
M+B;!"2`-C>HP=A38%K0`L"Y``Y`PWW4HVM;NX$,7DL?G7@,DM^`!L+L(+5A#
M]\.G[@A';2&R3RHE@,'4JIM6M)AEL6%-%Y2-'096<P0J%($&,7D!"H4(LC'P
MKLL+.^<=+M!4&I!:&M0XR[I^!$$A[.`&%JB""X3@ZW[[`]C?$7:[B/W_$+H>
M&GGW915$HN2CR5'AL9*5:%>H76TB4E(L'$O1"T)*@R0DH%R?L\8D2KV5TNQP
M6TV)A2[`HNUC_,8Y7J3"-=*RAQK@VP,^\(`'+#`%F_G[Y_8`N'<$#BJ"&[L@
M><X&8MRBZ#SPP=D`FU6?+IO-3TJ[VNQ;.5BT>XLQ)*`($1@K)7)T!!X`3)`X
M;$4S0?&(B":2XF!1U`O>@$<#7*$%./=!$R0@!C$\P>=`#SPK_>PS0`,-E@,/
M;,&7/1=$^_1)$T2(&NK3@C=(*C@.A;`P6#;I:3;*TQ0X6A*QY?4-A'TW1WA#
M$EK`@F$F@`<N(A$%E%EJEK&=%<YH1E:$87)=_VQ^4<UY`PG8H`(BR$`&;K#`
M;P7/_'8(_2]$_Z_BCUZ06=IXC.E)!Q^F]'"27)ZJ@[QZ9A/T96"`A<MK&T&E
MS-P+%I0@"72GG`&<$`!WOR!V+S#`!9Z"^UVT+&M)TWN8%7HL\`9+T`9!,`-1
ML'S-QWS/IQ?1-RK39W`%%AC7]P[PH0=\P&S]4@)OT';`D3^#Q')59U&$$@QU
MDSLA=0ML8PT1,!(),`$7<``Y0@.N8`U%`'8!P`(=]X('(!E2]BA/82Q7XSMP
MXSLL8`57,`7:L6,-V&L/F!<1."\3R'AS88%-9V/W!0]*5CF-(&GJ$Q8413?:
M1`S!4@DW!(,R-V8)$/\`+^!QMI$`20`P$;`!`',!$P`U8M(^'N)_'',)N8,G
MM2`,Z51*2J=?M_2$_!6%>"$]Q69/B3=@%.@N>:`&<%`T5_)]X/=YW^5#H]%(
MBA)26_5-:0@<QP1=6R"'-$`!+[`!&]!4JK='P[1'9_`+V`8*4B<<N^`Q51<+
M(!,+N(``QQ1S$X`$BL5OR.4-LY1]BFA&C'@7CLA&`5:%AL,.DU<`C:506`(5
M)B=.I6$<H1A24@2,'C(QH:`HS9!"+$`!-%``>(1"\!<!!4!F_O("?@*"$04,
M(T$2M?@Q_$-6N_%1'Z5AFS=*9]$%L[4\/K6,"-&,SDAXBV-XB_"(3K@XU&C_
M.!'$'=M0`4QF)21!55:S<HGR0\-P5MX5>DO3+++C72/@;IC0<4_E4BR0(R2A
M>@E@&P=P?P+0$FT'*6U'*:NU7@$48L:P`@:0%GWP![JF#1FI/`WID!?TC'81
MC8A7=!>I,_FE';7$2_;AD;CXAR,9BEPW-Y?P(2`!#)3$(B@P$HO"`OY2B_OX
MEIPS3",A#99#8M2U-*:1-K936@))#&JS%*DAC-8`:[3&*0PYB5!I.%)9%Q98
M*L6&;,-VE3F3<+4D.)O2!?U2)0KU&SH4%ABF6451EKT@$LC02-PB""'Q!J[W
M`@)0AQ\("L,TDTVFCK32&4<`;AAS2=VD0,`RD)7B_V[4H"[FP!8Q986+B5L0
M&3T-"9D`)9F1:&2*B3/E4$L-Z2,7@02/1FK@8W+*$2R:I3*D22TJ`C<D,S8]
M$1)=]"\'('-O\)(>ERZ/)6HWR2?YHW]ULIN9E!.Z`V*44&IF40"[!E/'F9PV
MM9P:U)SU`@,$L%R#1IF&0T:R-$'A@&>\1#G_HDPG<@NV<$72)#$1)3LW)`P@
M(2%LYQ$SB2-OP)I@YR^Q@R,O<`9TMT<==P%'H%5I)G9#B1O8LAK_8Q.GD0`[
MPD_'B9P&JC.-21>!P0<E0!A6,`<-\#</*HE&.FR)>:7(<Z$IA!^RHB*AB6&1
MU#Z,DB#-80@LD`LA$A(%"/\=KB@-2$`#&"9N5$`#>"ASQ`1_KV`[3<1-Q2"0
M:0.0(J,4_AD!F)(66'BDRMD7_X406D`"BK`$5A"I4'`ST5EHT_DIJZ)P\L%X
M^0(?B?4JKX@?C7)%@A))@8*._F<;`4`')H`'>$`*ZSA[IR42TI`T;QAVPAB?
M28`?^0<K;T`#-ZJG?/J=`50GXX4M4^0_ZS8S3XFHAY.D=]$`'Z`9*P$#7H"9
M4RJ=50HJ4H*M\^!XREAGFIF-P$HB81,V776J#U6BKFH(G4BBT#0<,)$C">`$
M8T8#*$2BJEB'-%!)>MHAV91R3\19L:!=),4VA)H6]B4E"TNISGH>T(HOV[`'
M4+#_H!^P!%<`G59)I7:U=$Q7G7O0!_UR'_VJ*%=1@L>`-#_X$[0!.QD67921
M.NN&0@9@=J\8`".0?U1P!!$PAZ5V`3SP+*A'3;PQL+S#(G9#ITFP3K:49UH8
M$9?ZL'<1L4@WL5ZP$"H!`TNP!"W@L-+'L?MU2C^5#903`0@R!GY"DN(20W2@
MA[9A,G&W*)VQ!2HE"4&[";.Y!33@HJ(&K'+(`WF*(!2E%;M70.AW5BAW"64Q
MI+L&%Q5A2TZYK5*+%U2+=-T`!$KR`1>[!'.`D$0&H?$DML;3#>,`4T+`3@:P
M<9*P**LP*R#()P'C0RIC;M[5#&J54L(Z`CVK0JZXBGTK_X<)``T61GZ`4BC)
MD7*=Q%W!>`!R6`'&6:3R`4?)59&32QX(*B3:<0*:L;E+0`)(0+T:!+KPE)'(
MACVENP="H`<-\`8F8!NU5Z(<(5DJ:&YRPWG!L#M-P05O4W^\:Z-C0*CI<I/E
M.2@5MQ7V0ZPI(H=)>9F;2CB*]B/5VU^*ZBGP4;'4JK5S$`9>2X5@6U/@Z@U^
MM2H3<`:NB@<A<01<4**PX1&W)Z]A0T!+0980QDAD&E6RHK?)]+]U\(H#3$6[
M=QQ7Y8T29S]LP[/RI7218SWS86<;',%U4;EST04]0`*1^J0G,`'>.ID=3%,X
MUDY)['0_<A%:T`(40@B7]QJR(?\2PZ$+`L1-+3(&,42$4[$H"8`$%_`"*.?#
M/VP<X5<WE84BBF(I?5-+N\9L#.#%3@P>4"RQ)%0#<*`%3?BY6TQ3JE)4Z;!/
M;\0`$Q"C3].V/+DU%`*71)A26&0N+')5.V0LRI0BEB*#+U!%*),@I6JJ?=QY
MOC/$V\**EX(-2'4O!-I;B3RUUTLDWJ`%FJ(I36R1DPQ/>2`$=K`&.^<"7Y"^
M>B`$]N8".@`$$?`:DM(1/^@:K1K.!8./K8!%YD0+5Z$BO\&+^O@*&!`!.9@`
M>6R"&58_M1PQAH)I;^<5,\$#!E!*6B`X]G8#56`!(C`%?A7,PCS![9*5TY&(
MV6JIDEO_1GDP!23@`!J@`CX@`C?P!?=F`1S0!$TP!QLQSATQ&V7\'WK8+%/#
M"4HA*)Y6FMQ((BEW!\DT2239+:%$*%4!#/H8%4$H#)<V;<JQ*#.1(OY<`'LP
M!3K``3X`!CY`!#J0T`K]Q,-\)#<#OA+[P?'@#8KW1OR0S-[Q-TIW2\NU#77P
M`2$0`F2`!1V@`CJ7<TU@`Q*@`4O`+"'A$D%!&Q32MECB&1Q%/T\QMT/(*)7&
M-N=:M!:ESC'](M'VC9,$C,IQ&CS:62PS#1'`!GHW!#B@`B+`@%7M8PR]9^EQ
M/!^\8]OPU2"$?19(H>0;9U.9F*:]3UU@UC.V6'O0`!K@`#E@_P0X(`$V(-(2
M,-R<+058T`9+L"M9PCG[P=>-T+:/\"RGP07*](.&E&W.8)ZD?#_?&8QH!:)3
M)83!(+`C`UKFDC?$("BX\`)60`(:\-Y8$`6+=8@7F!C&(T'+4]6+'*'+^`\^
MHGC@\+S6YY15R5NT5:'DL!83\04N<`,BX`%2(`$B3==TC0,XP`3(YP89O09`
M0$QOL#D#`AR1H1^1,)!C,`C)$B):A[+(89+>-5VHI8ODI#OYB1MYHSJQH"BR
M8H!+``1O06>",]_T?=_-BHA.O-\[<ZBL?:C[U.3[E-N9.UB;RI#LTJQCS5R8
MR0U]P`<W(`<NH(%,+0(B`-)[9P/!;?\#G,T$'3`#,V`$&D`$'K`&7IZ^K%(!
M&?'7`W)>$:4UGG$++B(`KTH*4L85%+=A:#,)'**RF!."U`468$,[('4:A^Y:
M-TX+YJT;S-!%!E",ZV0\Z:N%F/Q76IV<2*XSM05YI6U8`GVZEPGE_Y1TT,DN
MU'>%2IYGW.`"&A`$.P?2/A#29F[FPWWA4C`#.1`$#J`"<G`#.\#J-',176#G
M^/'<8G(YD<*-.,0"@,XU@XY=I%RWVI+*BZ[&A^2+_,E$4)03E5[9:B/INB$,
MSX$61$I;,Y4O`Z[0I8Z5#&L\U;P#+M#O-Z`#`/\$8IYO'%#0!OT$3R`'PZ5C
M1OYX8X07P.7_N'*F%O8F!P[0`40PW'--UQ*0YC)@!,0>!!I0!3>P;TQW:P_?
M<%X0[3RY3)C@.I=C-8<0Z!(".\[`%?S3/THA8LI`6;W0Q\)@##FO-VBF9NFN
M:@@DZ?[S-I_``M30-PO9D-A:I!.-J/=.G5LXT"#-`5P?TA[0!%\OTF*_=\,M
M`400`@Q!`G*@`RZP`U/@`E/PZ:@"M1!/[VW!!_S^!&2N=[^>YFY@!$J@!#&`
M!7"=[`W`[*YMY=>I5/<!-4%HCM9=-FL+)Q3RDRO)/TJ!*!URS_C<[;X(F&:5
M8C;N7OY#IAM#$TJ#BV7A11M0`-CP)+],6[@6S%=?F6^T`P].!$,@_P;$W?%#
M,-R_CN86C@,9P`09H`';VP98@`52X`-1'<W+7E1-J2\>A,EW-M`B$`5AO_$2
M<.$?'P,YX`!!@`4>$`4/T`!\$%Q-_@U%%5P/GPZ1LP>^6HM)8PFU<MV9!S^4
M7\:U"`A'@@AW"`@H*",8BQ@4%`&0D9*3D8R&EYB7B)N("@IWGY^78XX46Z>H
M6P>K!UL"K0>06X(O-!$M5`45#']_>K]Z?G]Y#'F]Q\C)RLO,S<[/T-'2TP1^
M?@/3V=K;W,G&>7HW*EAB$DQ,..<RZVY&6%)$<5@Q.3ED9#D."PL@'PY!.6*X
M<=.A@Q0-'BR(>.+BBY!@PKI!R[/'CQXA._]NB*CBP8<$"39"#L$AP\B,(/]4
M1+$S14V?/K^$Y3'F"YFU7C-I'IMID2*#`@82)(A`XPV+HRSHL%H:"P,"IP$$
M"#ASQH35JV>DL@I@J)`B#$<P4!H[B1&C$9DR=4*A@&VH0D]+19*[*M*6`%L#
MF-V$@)8M`QN0:%'SQYJP8A(3*U[,&%FU:XTC2V:FQY>>!T'(#6%"CU[`&#'(
M0!A=;[1ITPOP]/,'P<&,&9[)@)ZA@8B<*0\C3L;Y98H.CDV:A+017`))>@[^
M$4CA8H>>G#,KX[0LY&$P9#EE$D/\ZT^?/0SZ:(&#I$"="1.@&"@1P2B+NGH3
MC4%`86I5JEBS2I7_NL6I(49AD26@68N@E98F;'7B"0(CC%"*(V/5%4LL`4#8
M"`5.-3B"`IDL\D("!B2A16$W[6;BB9$]A@V*+";&QQY\K`%!'!EDH`09R66F
M@0H$>$!"<FU@L88(1,IA010$[`/#!Q^4$4(($.3SY)2MS2"%!T\XE],?#.PQ
MG3-;#N.E,7STIH,%'/@0W'!#9(!%/@[D$(1*=C@G'4YA#J/3'EX^`]U,V(6I
MVTP,,%">%T&Q``D&#?9UP'X"F*#5*OM5)6D`+WCUGX!C$>C?(@<:P@D*AC38
MR(61"#+)760YXE^IH0I"0P*Y5`".-W^VJ.NN?ZC(ZZ_0/-='&'-`T$$&_S+D
M,$,5(MQ01P-A1-O`#7;844<-WO72!Q]U@,`/#'.<,$<;$#CIY)1/1FE$!ARX
M($1.7?[2)XDEXCD,3GM\X<(3:`:WYA!B=!"#`ZVUH<$:<M01!A_W`NN,81&I
MD4<7!5"1P`M'!"#(&&,\JI]6LAR`WU4''#'*(H]P"@F&9F$"ZH%\(<#QS)X"
MJ.J`E9@<ZG__8?!"!(#MTH>]T#EL=&.^'JUT37W4T48(#L1@D@9R.+0',-WA
MVH?$#7C;SPEYU%#'%6O,0<('(>RS3PAE1-V!"E5,P0<#W#[@KC`0&X9G'F5.
M*P*:'X4DP1!@)#M:&W.DX87",-6[=#*.6Z3'%_]U/("$Q30HBL(844$*WR./
M7F65``$4PDC*G2Y2(8&&C`&J@6J=3`''887EZ<TJNSJ&[36?RK)81\P:6#%>
M8OWX\=HDC?RO$#70Q@)/_N..#QS(<4,#-?#11]X0642YUQ^44-G0%_7V!`$?
MJ`T]!&0H,8-M4SS11A!SW`"Q=+\(T9M&4?C;Q$<?`4,<XM"!'1$`"'4@3'CR
MT`=`Z4DGQ[O.,/B@ARF(@`@=<(,$/+"&%LSA!110A"M`MC*QX,5CHBM9J2#4
M*=O];A'SZ=G._E.*1?#N=K)`15XD`9;>F05#K@JBQH"V`5M)[D[+2R(SE*?$
M%@E##S68@]J>5(;1N.;_6#Z(@@7D4(4N&LD"1^)`$SRP#Q"`BUG\0I,/UJ@"
M.Z#!"NJ#$CZ,H`(5L,T!<I`@%,/@@HV(\7\V`.!(F"`#@UQ)#LWY`@2]8:_(
M_,F!RX"D,NJP!@T\K0P=P`$.P%`C%5B!!1E[U.<@0:E7/&HJHPO`&!J$NM3I
MQ8=/F:$/:Q8A5/"P=C>LV1$XE[%*8&!W'RHB+XBVR"8>CXG&/-$>NK#,-'@K
MCFQKC4!DX`8E6),@4EB'-C50Q@\$(0Y2.(<X,]"!(#SA%UX@0=K6!B4'I`\"
M,Y!#&&H@-CFD24W"$0[`D%60'7D@"@SITQ[R%";C04YORZB7;O!4J#SU0F^`
M_Y))0__@`G622VTY.!8.X@":-BQA"2P@'0M#MA2ET"$KHQ,$HU+&LM_Q[H6>
M2DN`4D<@3JW"EK.,:2,4P4.-:4P00"O`B_A$5'B12!E(3.:)D*G4R5"$(C5(
M`PF<!$TYUB,?.+HJ:$`3A&X&80;65((1PGH2.P2#`0U`PQS*P$ZV+:`U*J`>
M!SHRG$`.SDTY@,"<HM"L*7Q!#P-]9#&&R8R%PBL/></;_2P#$9M@[3G0*88#
M^U`#%]S``D%H#5NGV+89'"L#=9Q#!&+!0J;<5(>0^NE<&/45E:(LIZ]ZB@G)
MHE*536@+*8.M?U3A4R""16>'0`%8?F:`"70A7CM!S/^7FKHKIC*7,109J"_X
MT(`4K.%L5(4>E$[#7=,0K)NM<0"."!;>-M@!3WRH@1?F\$SH0<\!1F!"!LHA
M`3&D@Y`#"P)"5C(%/D4W5_+BDV0=JHP_/3:Q1WRL@H%!C)R4J3<N.),%.M($
M'[QIG>I[KT<D0(0UE`"D%#JA:4<\%0H5J%%]<>V%=*LZE<T%MRY^I5YF'-.N
MU,<$9P#E*DEUB;:T1;@:HT%Q;549832PF,]ED7.3G)B<>,DB?+#&]JI+@'$Y
MP%SE*H.YM*QEMRY@25P^5]J>M(8I]$(-P!@&''K0AF>VA@PR0,<0RHF%.M=Y
M#5DZ[@,'ZE\R6;8Y0B@J@0/_!9T#(_A."RYR+Y9I)C]Z@`@^((X$P""%@3D`
MPQE>P`PR(`6!J8`-2P#!?EPA2I&96BI4H8HH]2(J'JO45;!U82L%=`H!A3AW
M+2-$(5X@`#S@X0PF2X2!-N$)#G'N`&](P`:T0)-!,WFIUEC1LQO#IX=&.1C7
MMH@0:A"&&Z3@"0_0@1V>D`(1R,'<1+H"^$@0A7:?(`URB/<3:E`9!EIFH.%I
M0!K86L76&"&;$`C!!^:0@FM1L&''L`8P+#(%#^PHBPP!=-9V\DAGTVNA-D'H
M'_9061'<<\/_*YP,.!KP$+0A"B3(]#[T&J<8</IL'X,4JJ>"ZJQ\K#^BZEG&
M:GBJ_]X%R)8QQDL`>!MT2<`4+)>X`POPL``3O(!!/$8`ATB%"%"H[@T1F``?
M(`BQ:9MHR5[O!H(U?M"QZZ%K_`A?=Q",$^().#PNZ<%;2UZ&''0Z"@T0@A^V
M(]G$8LT/?)!#:P+B61KYP`,<J((<[-"0Z@2:[X6*?$-SM3?)V_LB4[`#1];X
M$1QT0`9BR,`,`NZ`^1$@#0_8`8R@@+XR!AQ'H\''#%0P@!:P(-7XD;G,]5.7
M4YG*A+">96U/`9\("7U">%$%T6/<.U'-)P`FP(,)6'`(F64"+L4&,@U:L&QF
M%D\Z#0X[8\`N?FV,W7%X.K]%T-Z/$HP]4'_@8QU<,(4P3/_A!AYHYY@A$`,9
MJ,`"+J`'7=!@QJ!^?$,`5#)X,3`#[H`%&I`!<@5&S=)X@E8T3Q58%:<'.[`O
M57!/@W,<HO$/$/`!;7!`#X`]X/$2*E@'58`V<V(/AZ,"*3`%&7%=0=`&'K4$
M,``#N->#6O$*KU13P4<@NR,(JD)\JE!\I#1BIZ5#03=+-',$9R!]U,<@:>$)
MQ,8A/D,#%R!,O!`3%E=^U!!M8I@8>7-0!898YW=V7@,#[G>&WK`'0B`"/@!I
M'G"'<9!944(P_]`!3%!`''`#7Q!8#\5V>I(D[C4E_?9F`2%61M`!<4`$"?$$
M-T"#5M,G3@9)^7-_(A`%CP9IQB'_!48PBOD``8C3`P\0!B_Q"X"R-5K`1SH@
M`AYP:5B@7QY0!=;2`&?2!&#0BVM$!"I``FU0!OWP44OP`3M(!^]A2KUU=#53
MA$?(A)*`?-28?+"P?)SR($/(,:9R!`<0?0>`"2.P%APB=<7V"4=0"PE0!`4P
M@$=5AHE!?O#X,&17B/6H?G_`?FYX<1@W#`RP`QQ`(TP@!01)0';V-D1`!.G@
M!J!!-5-0&0,5$UUW#'UP!4VB<FV%98,W`PX(#XB'2#OP$`]4*-/U!3?`$40@
M!J'7`9XE!7G5&OJ5!H(8$0V$4/K"+W-%!+5HBFM0)_>')@GI`T,`,/$0`P%7
M)40@`<'1_Q'!:`4P``(X=A3)]P@Y]0@<LX1).&(BQH2MH$.\=6N4H(W!]WOS
M(0A;@`<"D!:=@"">`!<R<P01D`O;4QCSV`WR^%P$)DG*4(_VR)?-H(\E0"(Q
M46!=4`-$$`36!!I757)0\AKT<)0.@`4^D"5\HF"Z41E:T``3@`9E,XR8EF'H
MLHC\IP$.>(=54(F#V"7Z(@<=L48U(@-*`"=7Y@`DL`8W$`:82)<PLH$Z8$^/
M)@7SD`,'PQ"^L7D>$4BAEX?D%0-24`[#81PDYR0?0`+<MP$7<#%#AUO.B#*[
MM!0GM(1<&9Y=F0K9^"`H8YZ[Q#%@`7T"D([`%5R(@`FA@(7I"/\T$V`KWT`,
MA!A)>4EYS'67365@X`<.?S>1?:EP:08OA)50@/F.D528*A!>Y&4:YZ)=Y?(D
MZ\.<@?@%._`%%!0,=^(E??``<14W-5``4(`&/3`'5D",*H>A:>,:HI$!-!*)
M_W1N4>`#8O`_E48&1H`<]!,%S%$#0],+>O!@->`;?],$8L`$1B`G&F""$;81
M@"0233I`<0`;,@`&'_$_(R$%,T`P540"R]$`7?"A?@`'2=`"-."-N&6$1L@R
M&>,*2;B5X?F=$\*5RK<RVLA#I<`QJ.,ZEG`$4@%<HW*H"H*%B\`#RI8]X-$%
MQ_5D^+,WT=$=/M%0YY=$`,I<D6.@S>#_=PE:-)_:H.B''0S0!7*P!FO@`3W"
M!CRR!CT`!$!0-G,P+A@&)3F`!43`$1P@`N[R'(6R"W1S`F6`$#<P>>FEF0,@
M+B2@@R#PF57T)`!1#PM8&QN&077&APB1,-FS-6H@#!MX`T]`)&AB`SH9!)G!
M!FE@!U!@!TLJ'``4BC^:`TJ0`5SJ+QP6!QJ06574!NJ:BG]%EP4X#%H`%!'P
M`@>`(0U"*L!S0I,BGJ85"7H*"V`I%T$X8RS$<S9S"J^"J*-RCG<0LB_P`HPZ
M/`UDI'H0>808$9;W2`G5CTJSJ4I5(A-%E]#P?H2&9`E'JC#;=M&Q3'S"!PSC
M!T/S$@\6!D"P_P131`9N0$`#>24WT*$U`*E?P*%1$`,?H0-?T`7Z8W]3\+71
M$@:5(P<GH`+DDC9M0WJB$0-,(`;#@0,,.1I!4)LG>%S*I05*^D?!H9,G83!5
MD`(Z<"9S=8>"%'HS<`\^B@,@85><M*]9-ITG``5F"D%KIS?+U`5(X`47HV.K
M%""G)$JF!+'(9Z<1*R&4,%MZ45NI^P@:&Q9Q@0D>RPE=01]CL`G!$P$7D`2"
MD9]ZV0LMJQ.]FU2/([,!RG=ZJ7Z)Q9\Z^U`\VPP.Y+)IZ`M"T``("%\X0$Z0
M"$[PP`$<T&Y5`$950`09,)0*0:X>H`*2>(=-,+B(Q[US54<X`*8&P?\$0W!7
M&>096$``63*@%&&2$R8!'A$/M3@G:Y`"&C%A:^01_R,&/@"F>24;H$<<%5:'
M67IE;..O*8";?7:R1\5`^5D8^6)9)T`"[F$R8L$*H2NZWBF>WWFZJI-;+DQ3
M,!-UL9-B.!>?AE`+1*0+\Y*&O8L,$Z=$Q-M$CX2!-'&&67-H7^*?#-J&@5FJ
MCH5ODE48-#$Y++@&`*4#'%!'*2F*9-!.F2$%&:!)YX"E*I`!X@2<=682'3!6
M;D!(;3R*CPB)-2)?'9`#\84L,P`G<_($82`$VT,^0L")8E1?Y+3'>T4D:0)I
M"AP<8"`P1MD:NKJX@R/`!`,E)5AP'BHF`X7_4,^K)\MT?[YI`W?(!LT*2J:@
MPM)(?*<D`$H1L:G3%R9$?$/74Y2@,[$U0Y@PIR?&"<#T%QN@"Y&G$]PS<6D&
M?\@SQ$JT)9-#@P^Q)<54Q4=Z?^ZB)P_T5`_3O)\J)A.UB;W)`?%@KV"``V)`
M.`04FR4'/6TS3;!Y5?6`N%:4'%&"N`'QSJ(1>XA[:=&3K?2S!E[P!37!!SMP
M?SBYP&Y2K1Q4!5'``?%J5VU2BP23&7%PKQ\Q!`0T>J-!ID`P`36P6$`[)LWF
M9'S0;8Y6'"/!D@ZP@T3Q'DR1E:3+%,F'%[K'C$KX.[L\4]F9"G?AG:DK6R\S
M0^5('Q10*N.("+4;_T/!PZ@78`!4,`%(``?,5E"5.1U_HES'1(9B""A"X`+@
M[`,6$+6+1BB25PR_P`<I,`=S4@4/X%=_E37+6QC:S`Q;$WD;MX%/D*-B7,[$
M,03K<`X#81*9!9KJG!QR\@ZB"(,S0`(:H`$D,+=8T-@D\-@W>(-M0%Y,TEXA
M\#XB\+6!JP,W<`-GX@$5!C"B2!L(H4;T!1*31J.'&WM*P`1*^3^#(T#\*G`D
MT`-U\%?^91@A>JD1=1%^P]#/&;]A6BX.D#AU@+D6<Q2OG+`4P-/22$J5@E*O
MH"BL8)761SM]D6+K62&FD(2>4Q<FPSNZ[!:R*S,Q!+N<\%OJ>`%4$,S".O_%
M"Z9PFHK5Y4<1OD``4>*`D*8#N,$'0D"IX"`$=1!>DIR0'*`#'>IXV>S$#EI@
M$O,BW1:^*A`'0[FX-G#2],"`)H$%*K`&(]Q>&!D"N3I`P`E:O4I_.T!/+-[B
M8=``4]``=3#C/9`^(9"X`10'=90!1,!)--H!L1D#8C!A<:64@C,$1."XZ3(#
M$[TF&6ZXCTL")Y"*UG$32?6\`O4%?.1Q'F#D&>ZDHE$&`\>M+R$,EVNPS+T5
M$(LZIY1JHY.GD##>/PVGAJ"Z$ELI^R'><IX6(2LJYUAL?0XS&C*.-"0(+*##
M2[T!2:`+=LM,!"J\,6O?XM=@7_`T4/)5,3`G7[W_@1)'DGJ@`VG#?U)C!#(@
M!7'%`0RQ`PW^+4_<LRB[!W6@`@\8VZH]2$Y:#_^@`:CN5]JC!A/0`R0@XID6
M33'P@)H$:1;@'`Q3/-&%>7>->%5@84F9#IH4>MUE17@L!6JR02#1)AJ05^D2
M!%(`!L\)P/*@SV50@EY0`Q$%A^`Q8"B+$1HQ5QOV$9R65VV3.#=`I/SY(D*`
M!.J1`)FCYEKIW=)M'Y+RYJQ0:Q6R.CVD,^GI.B2U"DH1<WH.*XPRN_+9EB$[
MGU>X"6YY%E\1Y[6@U("A"Q4`J6_]*\J<1-NA!7!DH:2QV'6D`O\D`I[]-U4`
M&Z$7&KE:$`>!OH&HZGO#_[P.;@V+Q,R#[`&3_(%H3$W5U!DY0`0LP>XY4:0<
M-S;!CI%3Y`!Q`$!-H`-"P#`;%UTNX(D)F9+Q:^(9E,=@BB[MA`612.MU"*:7
M+,EQ@$\?^(?X3H)S``2W.8"3-["#,GGYHJ3],L$^<,A\6)LIT`!P@$1Y\Q+@
M@(E\@`1U4'L18`7NP=+8Z`@9(Q6B,SHIO!0Z%&)&J)ZJ$YZC5C*U196A\A:@
M\.=!#9]1=V*-<CO#10.SD@#NK>A((*R]R\0^7''+V_++PT`-U`.8G8`^B@XU
MDI)R-AR'&<^RX09QQ@22^`1^151TV:`"[F!)>I(JP*7R.E:*>54.X`$-@(&%
MY?\'U!MJ7+\/Q9I/(O`%+^&/_^@!_0<(.#@94AU*AS&),8<S.1`A$`Y8&1)-
MEDU@&5A!CR%EDAE#-I9@.%(S#A!E'R0G*75\?WMY>0RVMGE_NKMY7;Y3-R(6
M'$TV-A)#&7&;$!!M<R=>8;>Y?GZ[?];:UG]Y?%]3.E51Q4TJ&E8L=`<!%.X4
M`>WQ`@(F]O=G!P<"9R;T__H$Z--WY`B&@^_B;=ER@*'"@1!9'('([@B"BPA0
M7%1PAZ."CR!#?D1!4N-%#!8-8D"`883+@S`1'CSR@D>$!"VH>)F`A,^>6;2"
M5M.FYX^>HS^!!NV&K>D?`M8&.)U*M:K5JUB='A6BIT[_"RL@%H0((192#"F"
M,C#)(&:(!#!PI9`96\93)#(YL$B1@D6%A1LNA/R)U2`L"!@M@C*HIF>'"QUR
M.)Q#.V0($S=*%,7(D2.5@RA?\LRRJNU/#31MPBY8S9HU!"*6..C8(42(SS`6
M9C`99&2&HAQD\.98Y"8.F#A2?%QZ"T9*##*=(,1@(J%2=3%Q4-4M$X1`BAVZ
M\G"S=E17TEL,]O!Q_,2"!^5-KO-U!($5`2@U]NBAA4N7GUK4Y-&'+GT(`8PP
MU1E370:H?+#*'`FP,`8%&%`P@CL!['.//0+%$U`]&]ISQAD=%F30A._`PPX[
M&6:X(D4#+;1%`"YEI`!&(N7(_U%')9G$$DHPL?123$2.8>08$QW`P@L)&#!!
M!0ST(=Y1>FR##2U[[+(--U5!Y8=4684IYIA5U=)%-G_T4<,3G`2!11QQB"&!
M@CA@T8%:,BCAA@8.D#76GW4U$T0.1L@@0P9@1'&#8(4M<%@)>6Q5@PM/1.$#
M$1D0,L.FB1BAB!*=.2!J$&RD$$M0HTW%93<U0,&&:JVQ5H8&RDCA@053?"&"
M!D;LQD0'OG$&'%Y&2"'G)<54(L8IP$%0+`ZES*F@#]EU\LP`#>1'U);97-,-
M+GN`<\,PTF*B#"J/E$$"`7;DZ@TM115E%)5[]&>4$.P-4\PQR700@RH.:!#%
M`S5H4?]#`NQ8.`)*1]`Q8C\CLHAAAO6`&"(]%5ET9(7Q>-CQBP.MLT]#"U&`
M@`(F^6BCCBS?<=$(8QPT!D9&$FES3"G.^$($%R2!1!=#E=8-?_-6R6V749&I
M]-)AUN*-'@;JX`$10_C@`S+5N26&#*D$T0$3,G1@`60$D!!K69!`0*@24F1`
M!*Z-'K;&#N$,8W5U8/RJ1"JJ-!.)`SD$L2D'3X2AAY1#IZJJM];T80L25Y``
M:ZP0R!`'#AT0X8$&Q@ZQ-:C`Q6#$G94D*X8I@^0)7`Y,:(UH995A[L!V)*11
M1PVT\(+--8AS*=H7P1!CB0V>:Y+*)VQ484<#0F0I[T]'D4?_)5*BX?N8OLD.
MD<D,JGS0QAKM^D(+'WD4$(&$%,+S<#_^L+A%0O.P;P+[)`(4CXDF=NPA10)1
M)",%=^@(2"ZB$12@3$<"#,D*`OBR$6`$`2;ZT<TP$`^8M`-^`=A9`C90@`KD
M8BKB$5IX<D<5+X&):2A$H6AHT8`4I$`.EK+:\(8P"%])X5<Y*(-8/C$#+&C@
M5CJ80A5(0)98V45M'7"+!#@@A[#`@!4>&!XRMI8#)1BA,V,1"VO2!HD@>.`&
M^V'*4LZT."LE90\UJ$,:)!<K![C!#8;"@IUDP(1?=:!03"A$!_08-B-X:G1@
MD(`R\JB6.-S1#7`QQ',BX8,4-(`/_P,:6GB:PHWI?8%2PXBB!'RP+'1!H#MR
MJ$,8?(&+H$QO%EGR@R4/A+WX]"L&?%N7(VO0A5)B0PL;>$,`)K20B_6/9.^+
M!PL"P((#R&]^]?M'B4P4$Q?!R'];6,E&/,*CC)3D@"P#20#O0)*//)`E)YD@
M,Q'R/O@5A`4T:-(&H+28HAG-6T+YX%1,F,)Z*@U+HB%`&69UK!G6L8YA`U8J
MBH@V!\Q``RKP@`B>((<YS*XU=''`640A`16L!@8PP,+5AE`(*1BA&3%0@0\X
M0(`YD*`-'_#30$-`!@UP0#"JE-=5R%.:V@@&337P`@%2^HD,&.I?J2"#$NBX
MEPP(PC,^[/\`9Q9)ADUMJ@-QJ&,<W+`9,L1@&3'H81`0FH8P+.6=UQ#*O>@6
MC"@0@U^8"T(JVK"N4-8@D@"*)S:HH0=QB:`*'.#`*#9)!&:M=0YK\$(#DK(4
M_V@C#Q4P@$04LB&,_5(?SN1?,I5)V0,4!"9'B"R,!+*0`#SP(QT1H#5[U,V6
MW<A&)!F!RKY9I)C5#"'OJ!##,IO!=!J`@Q7X"1^F)R^QEC!I]@QN5D0SBRZ8
M32QS0D9:]M+'&+A)`Q\X&R2"<]`X^,`"3]#!"=I`T!``+@<SZ``8AD`$LH#@
M`Q"0@@S^M55..,`'55CH#::P`\=4005WD4[;L.""7<B4--RRUU'_=O"`*C2!
M"$LDGG.R&()>`;1M1,A!6?PF"4=PT1-G,60CH/.GZ3;#`7.H`SZ[Q8W<K><&
M[>%`@FQP.ADXH@S/L%T?^J"&#[XS<?%,SQ\NJ0-R28O%?.'$*IZ!A@8(Z!;0
MB]Z6KK$')$1H9!KR!V4?^\R`K(.R(U+FC`[RD,W&B`(S^ZPV.Y(1`O8(1P=$
M@0-7@C(UJ[8D&`G2`U/KDH5QF;8!H.!!ZLRQG5T`M_KA+96L0D_A&MHJ03$N
M:V8`)T/2)Q);5508^)!3(I:!#*UK@@\>`0$L$`%37W3!&DB0BCUBYE]88()%
M%_!$&`<,"'6HPQP@T9=`7LUJ[_$!6W!`_S53!.$&0/EO5:P1BS0A;L=3>`('
M.*E7"3#ABG[;8A"D@`PIN`&J6+"PLQ!,A`YT(KI;W.<G.367#GM7`RX`BG^H
M9+T>:]IJ5NLK+/=)@AY,0`M]*(^4L'1C6L2T-HYQ=X*J@X-?"1G&<TC!*$.H
M.S0UQ;=YT$(2J-"""+R!#@[+,D#H@#'(5OGC568(R"OR33$'\+0E3_E%"A+`
M@CQ0)>&TF0/M3*0`9);+>F[)A>Q,S'12(0GL9$#1"`W<0QO]2DIIP:+YML\V
M$``(#W#!%PZ7C3[P(0VON808?."`U81@VD:%#0>F1E&/.F(&.%"!>6$PAP<T
M`&BHJ8L#E-`ZXO_)P`B'*-0-,P6V&&!A"GR(DCP!C--PW/4]"'Z+4OGV)U8L
MP>N=1A2>_FDH'(AB"&[X$P3.YIH92"$.L]OG6$@0A1UD24M1PYZ"Q&`\59!@
M#0.H@VUZFYXL?7`;N8,:,(9QUF*PO@,'=_HK:I`X))?1=Z))DQH"SX`*(&$"
M`TC`&UA`90%L@<H?HH?(8[00D'$?Y%O0F(]\!-H=N2SE#&0@!"D&D8XQ,\[2
MC/D$9V(0FU]0)C*A200,`/1V"KLIA79T(#1XN1`4:J`+Y5$FK'(%2P!C;:`"
M:1!U-5`#NU5L7*(':[``#O!Y;_11JR$=,@!'GW=#EF<9=_<O';!)9('_427`
M`+7$!T3D"63@!JW#4:"357)D)SFH`B*@!^A!0E=B8P925AZ@`EBS20PB"4&P
M':!T`V&@!6$@:V4!"J6`)X9"1W7T42'P`4%P4@YB1"%P;2X5:W7@2,VC!WLP
MA)GD`=6!#-G!-\\0!77P!6H@=`BX'U@R&@+B7^#08WE5'4U`0QF@5'ZS+E`'
M!Y"T"ZA$#2F4A\V'!$E@``EP/MQW??PC(QV7,,&D62,W$#879F%&0--$33="
M6B470']&!51@``;0`@GPBA$0`33P!B_``L54/R9`$.,D3KM()!2"$O&@0530
M01\T>+H0@,*U9+@W&L\3>'R@!E-@!S=`&T6Q_T(D5!I[4`<#8`<3,&E4T@5)
M!E9_$`5BD0,A>"C`(E[(8`.FT!L.]FS.I0'F*`%$L!J'D1BVH`6S!@D.4"@X
M(`;G(#@(Y0$>P`%1``1`@`:P$%9.`X370&E3\``P%$7:`Q_:DRD=T#4:,`<E
M$'M\8"5\4`+A9E!Q8%1X\D9QY``J(`<WT`!U\`!VD`9ST`9R%P-TE%"&@X9I
M&`:8=%;\,HCHL@2&^`!PL&^Y<PV#]BW!9E?8<QV#"$N",@=I(%C,)X!5427=
M4`$3L(H1\`*9Y7W[8(F.Y8DR(B.=""/X\TT]HB-G5F88<0=4T$Y:0FEAT``3
M,`%0X`4#,`!7<`()0/\"TQ<Q[#!_A!D3^&,B-+!_]P:$NX",P:6,W((JM-`%
ME.(!?6$!+H"&0B="J,);,>6#MF18?/`$!A4*R&(,/VD\8^$U>X$%''`#'B`%
MR;!V)2`O?;`&^_0),=`!'?!2-3`%82`$7V!3@L8M,S9C?V`@[3$UB7<)@M@!
M;L`7?;$&CL08)/:0*0!N$Z8VGE>2:4$(4D`$'%`%%F`!58!7[P$G1-`6F*,!
M3^`"+H!B=@,?$O![+P9BL"8$RJAD_/&#ZX%)\5$Z]/B&`/-Z#[`#"5A85ND4
MI0$@6E`!!4`%DUA,"K%]$"$0UB=RW7>6SV1S%J&6U\26*6-F=U`$0!.$0K'_
M&.B1'LU7``-0<>DP(L.D$GM69_AC,REW$`A``_SG06G2#7O@F/8$F5;B-&DH
M!RJ@%I9'"#[P!((1)7)9I-:8H@%"'D*P*QFP+\E%0V##"%C0)Y!'*`@UB&RA
M`1>%&(K(`0,E*IWA`;5D"Y'$"Z=WG=>@2@8B`E,C!G)R'314<-"Y&;#D`8$1
M1C2U9)`4!B4`*YH7"<-1*)=S.O^X=7K*GH.0*7<''!J@`9PT<-HC!2L5!"=P
M.\\824DQ'EC)B.LA#E$T/`K&#&/1!B<P`13X$^!86,:XH(;%)=)3%!!*!1%`
M,B!G?2MBEA;*H9;UH2!J0`8D$F=6$G>P`<(F5T1J_Q1[\!\&TP!>4`(6)Z,V
MAP`3PF<QL7($5&>JA0`7PB1`5X!!6G3)2*2#EH8[(`)Q@&`*<@Q$X`,B$!A:
MLB4_6(SU@B4`ATG4$HA<"C9NX$>;H59JI4->QX^#8@31B07V"`-LX`+U!9O`
M$@+/008.$`1&QA1&X2T!4HQ\D'I64QFGHUYA(P-[X2^=$0E1,`7-`Q2,<YV#
MX0=]H`5>,`=AX2=I`P'"D0AOA)(LJUY^=&T(NQG@Q1EHP7JGH`HP1IV/U`=*
M<4;&R&0E6S=Z90G(``9$H`'_TG3>\4C?LJ(*BJN41!2\]1-_T*(&0`/Y`'[Z
MDR'%:JR#J7)X>S*GI4U)</]3O"!6GDDE)!1/6O!\7B")%F>+-F=GK.6M8U`2
M-=(2%[$S!E``X+BN7V)TRAA"J3=V/A!(+`8VGP<G>Z$Y(I`KT5.VBX%*/\$>
M-W`#.B`"GBM#\9$!;V1%S2()*K`&0)`"\=E0!"46TL&;&M`];J("G\9ZGI-5
MH:("4T<E5@(NU;,#D+%LZRD!@O!LSH$7"4L?`>,!3JH4_E:G2S880],%=7`%
M;$`"#E(7/PNT2IL(H9,9BY`(C2`J0=4U?N-%;@4T0O&ODFD>?/`-US-V4F09
M6,`]90`!;26J#C<TOH6V5+$EY8&'W6(F2&``OZH/Q3HC[M<Q9MF)C_4^R)JW
M:J;_$>4'$C10`-%:6-M0)='3G[<ZP)2&!`4P<09P`0E``UYI$7QF9@X$009!
M`5M`!R_0`D@0:$):3]SB!^1S!6M0A!IP.4K4I="!OX`S.G'@`57P!#*[!WV0
M6U!#-[_KN02Y2:5S">S81S,@D&O`DJA[.(<3!E=@!0P[%A)E!#G(.:>S&]B+
M0X.BD@]0P=XR0I'2A_-Y-3AP@J*S&:+20Z/B4B)0!UI@R+='I"4F%'S0`*@1
M413F&1TK+(!3OUD%2_C;#%O8"HX4"_522HIA2U`C+BG&AJX$E*+B#-"PRI@\
MK1*\.ZORMR1V%*)1`!I<3!R\B9`UMUWV3-@'3"B1<G76_T!Z&Q((<`$5X+=D
M$E>,F13[831%H04%,`$Y+(OCVA)J%C-?20]G\`94@`2+411+G$*0N0=+``'A
MM1;_I%2<@<H==FF[F:E$``0W$&NO*[ML>#77`39,L*>HF0R%X$,>`'5?,,"J
M]`4/D`)/\``WH-$N(`?<HX2<!FE&8%25T6W`<<L:4`?_$4^.4PM"0"E5<#>H
MB3F)<,M^\P%5X))7D`83<(8#<FRYNLM#LQBTT`=?D`8Z]'5JA05K$`51$,6A
MY[Z`.CK-Y0#>0P`#@&]$'2G&=IQ((9<[4`?"L&QM2$-\<3P.T`H/@&_[1J>[
M+$*]3&*6'#33\P=JH`8-0`4T4/],[N#!REQ!%!19`B`R,"(R,F)STK02&W,1
M1C**'+'"WM"NUN`TAL5;NL``!;`!%R"+,`</U\</9\`""3`!L1!6#!#/*'0T
MUP`#8Q$)?J<!_L*Q?/,!*=6PWB4J674GUZNGQI`,JC,<664$\QH'?.(`7*P#
MPZF3N?`%RL8YA:#'"%89)#V;MOT);X(IBQ0$0&!Z2Q%3XB('4X/0L,.EH`*5
MD+#`(584Q[D+1.W6;UVV2^$-=5`V3R=U-'8O!.`G'ZA2X45'XOF>R<T?D<(-
M5N<"9B4;CU$%[\&UF4"@]!:K!?/3+ZQD;PW7O6PE:<N0(62;<."KT\<B'J,_
M%*(_^]#_/^MPX@=`V`Y1F-ZJH]-T!S1`!3]]J[Y<X1C^M[=@%,#,`$A`!1?`
MPRP@HV^P?V\G("5VVNSZF.7;!8\WDOTM!1Q@L3O00G,`;M,U`S+`T&9]L)JA
MM'P#M9`V-[,WP+(`//>EI)DAFUF##$SP'#'@OD74VOVX%D80!$_P!5.W6_@R
M!2Z029\K"'YZ1TYU*&K!FW:24*?+%9!$6.UML^\=P;:@'[7Q$T3=!T[\!2EP
M7`OP"%MD57LD1W$@&PA:+[XP+SOP!$00!X'(M=>Q+-"VA=!@!\&I"WS@!5-G
M6!!\R;^\KX4<UT(-(.WD!^`8'FK0JPGP`BVBS/`S,H,]91A:_R(=,W_AA&9W
M8,V[56/#9N.]_G#_NT*S@#B.XWP3L`%>``4%H`64'33=@-I6P;83K$IB]`>R
M-CFM/6V?9I!1(`)X:B=,0`3C%3L%=X*-"I7.0`(JH`($X`%R``3*XXW5J!\[
M4`4:P&B98@IO%`>5,45BL+%D(`)R\`$@P&#"2P9[%)YB\!X%29`'#0:L=VW,
M=4<Y0!?-4$56M$?$C5#B*0)!M`?B0^-B<HW_.]<PK`??<`,[Q;!;Q(]^QYN9
M0SA!5#?A;9&"N`S>JP'>$08370VZL+,U`+T:SIB6'-=,(^#%:(QF$J&;_0*>
M"`\/\0^3Q7$8)S^_%`\8X@XM@0%'$O]F(Q$!&R!T9XNKQ"6^!$CV9@^`21XF
MX&@T_D5U\/Z_#=`#W&5$9$!'RG`GGUN?A90I/O5&I@QI?1$%*3`!V<+GU5N0
M<I"9EXV^43`#=.?'51@**%NIH1($=:E#(?\G#8M$6)@I<F(*_L(I034<&>`#
M0>`:A#(#P?%A/<2;R^`!4U#J*$3AC..NT1,O@U$'=K!=JI%%8N$`'6`H8),I
MET*"94>#E_%7:Z"0DR;7.&4%!#`@1R/V\E\F.-L`&R")-(!GV:?.)0X(`F=T
M9R:&AF<'`0$4&(X8(Y&2D6,(=PIW5%U^?WE_GZ"AHJ.DI::GJ*($?GX#J:1[
M>WJLG7EY>I__K'Y]?WU]>0QY80-S'PO'"R$Y,AE#$A)#8DP=1CDY,4923#)N
M,3E8*B=`-WR??'5/440:'5(98BI10K5/&C-83/G0V7%2[C)*K)%Q$,/!C`H-
M0!P+$<(!A!`*0RR`0%")#"92.C#)D"$'!`AE'H;XJ$P#B2`AL;G+(,5!,H84
M'3A@,T5(EU<X0>G:J6M6SS]J/L4*DZ:-0F0ARLS0B*-IOW9BAN"04DT)M1CQ
M&GS!I<<GSTYH%@#Q]#6GV;-HTXK"]8=!!20;#"1XP4*`W;MWMP@X(.@0"!,"
M`HP9C`(%`DN'$RNVI(`'DENLV*J=3%D5*U=I=75BP""6)U"^^F@)_[8GC(L;
M-RP$H3@C@P0;$G#(('/-H<B1!CO($&/A1H,IZ.18(-(AAALF36THE^!C2JP'
M6#KHOHA#C!LCU3X*)/-QH`,B?1(N;*@""!H2$&:`\3&#HD<('IJ(F4'$!XDV
M'\I(9,@P"$$W,C25#180'+40!`1LM4=:MGSV!T\0:F8+*+;0XMDG=:Q!0AG'
MA`0!&4I(,<,,&L2QC0S%Q8#%##*UD<(??#3X8(1_3+`$"`U\ME-E//:(EA!=
M=:5+'GQ44``5+43P!@MGG'$77X>8@(<)6V!P6&&&+:;E'0B@@,D&>?SDXYAF
MK=)*9A).V$DL787RQ0XB:*!!!G$0D0$8>/^"$4>*MH'$'U*X?2.G"AI@AP5U
MSPRA*$LR8.'"#O5T`&`[TRCAC3<YD(&-I3E4\PT'0C1@3#(41<''%2%H(`$3
M<=QV3*<HJN!!%3J<!H0&93B0PPPA4C>$%#&0@84.#Z"1Q@D$)%N'$&JBV5.0
MISA8BQJ\7$C6.03H-Q($W\#4009N<.I?&660(`<?,08SX8Z<=$'``DN4DXMF
M9-9K[UI^2-M%+&XA,0&2$3!9B)2'''!$`%5JJ24F""C@<"0&:*'CO1238B9F
M9^VHDQYY+'B+$#O<(`('SSSC`TO:3!.#-Q]!$`0;40"![(;(C*<=%OY(@6*`
M.&Q$53L=^'##&M'_<<-,!M5HVL$,F9)!FW38Y?"M&!YP@!),00"QQQ43S1"$
M!FTD15$,<W(D@SU!J,!!%!R4&`='R"T:4`Y!W,"6'UW-LP<P:D$H)">A?.8@
M6\`(/J&.G*3Q$F[[Q="!I4&`(\<-4W35H)I>L<*''U`LL0`!.FE<\>B4`2Y*
MQ]#N#<P>%?R;Y))TQ![8(H,I[(AB7'J)0`03_!(FZ:1?[&Q9L<`%!-O02-"$
M!&)@$<-2<<@@?0Q2>.!!#U[444,Y>]00!A0GD&#@XF-/=Y$4X5JCFQ$=$*<;
M@-5UD&FG(N9@&QD=8'$-;;H.%,2(*PM"%%Q@!S9H8`U/F$`*'!`$-WP+_V[;
MD()''(<R)BA*-E)H"D"8083*C:)!#*@,)_`V"U)XPA-Z>--6"G?"9H5B`G,@
M07X@\(']D&$&WL!""FH0BP=)QH=_HP6,&C`'*Z3@=S,2(O"6:!9ZA0):?Q#2
M)PK'`'_%)0%*8L$!Z+"7`!S!$5L(HQC%N`A%O(!W$EL0$RDFO.'M8A=]V$,!
M#."$!!"@"<H!PQ"8$`.&E.%_ZI."!5P`I"`9DA,I3,$<))(,;<&D(A>10;"<
M!B+L4"-`$LC`TIRVLNTX@#8KDDG+^-,0LK$("T3@@`@HMX,IR,$!DKI(N)1P
M'0(E@X%!R(;*U+<110T!#!ZDD"TX$T*T7.X37/_1@Q#J8(<;[.`+0A#"%Z8@
M,K;)80=M"<8I^J`&-7SA!D!(0QH(4,,_?HT#SB$F3PR9.4[PH0$GF`"1.!8F
M)Z[QGJ6(D#VCY:`P;&``<LGB`0:*EX(*@`5O2``5D+`Y$N*S7FV<C"[Z4($*
M%`$`3@```!+`!N<9`0NKJ1E_*/(U#XA`!!;P@`]4^0015($#,/4!GG[I`PZ-
MAR'XXXC^GN:&GNX&:=?`QOR\0Y#5.(1<--0/"/CCR)3PZEOK8<ETYD:&(`0!
M*2\A@QOZ(04P*&]Y8'###&YPBQ_F0BT-Z@,?3*.#E*H`"UC0@*Q0ZH-!B4$"
M'G@"/:-(HUKL1`_RF@#_$)Y0D[T1LY[ZC-``T""OOC[TL:'3Y^4F.Z\=S8*;
M?8"C&N`P`0.4(`)6L$($$E""%AA@`V'8W-^@"%D>1?0LJ)N%6RJ0!8UJU`D\
M6$(9KD&1.<S!ILE87!"X*ATIB*$)RWL&<DL6&PT$@9$BI0C.-I(!C"!'#$CS
M!D':801O#&24(6E#&NI0AP<\X`IS6*I(/322&>1,!AG!H2B3BA0(Q``Y.'"&
M!,"@21SNR@7%C*P2T:*''<B!""KH1R^;(!4PX(`C0UA>!E#$`7J219^UL(6\
MRE&X(`&#,X@MRU?X0(`)[.3"`VXM/F546;R9L!:QV!N%^"K$//@"*%K0PA=&
M_W/"*$IQF-I4,65>BPI?=,P6LM"#6XIP@8QJ]`<K6`$-EO`U($PAA"6H(:`@
MH,OS;20?R)FPI'JJA(`\H0XG&%5T/P0@_$H@#MC`E(KR1[?5A'<.55A6"3L1
M'H64`00D8`-^DL(?4?:I#?%X@@YNH`,/Y$`*/GA-;!Y<W7!UTBH6"`,(@QQ%
M4?SB#ZI;BQ[V,(64:@`+>=+O:S1IC1C(LCA*F($'S&H*%@NS,\)T(2D@](`3
MR$O(P,[U64*MZ\I,EM/!/@N112$A(_=P#UU@0`&RX&0`_`#**^!!`EH@AP9$
MVQ9A2$&VQ&:1!X-9>O#-[QZI@1WM!J$.*9Q`"TB`M?\.Q,%$'.E94UCMM(_T
MR2$DB$+VPA"Z4(@'!#`H01A$M@8#MJ$-)""!]=:PABJT5`X<\``1[/0:,8@A
M(Y;439G]LQ1_#'('^V*`[_90R`=-L6-[DW$4O^`".7B@NCAXS?)^N2CM?A)$
M9<9A$-8`)-.MD2=\*,$$DLWTICN]1\L6<#9E@5DM'*G)MH4R#[B0@"(D87-[
M`/$?:*Z#M[YCN=3(B&XR@IQM^-P!$`?"3;K`ARG8X=0JD&G)%"6!G6TD:;3A
M#DG:X`(^R+A!$#IXPF'>IC#480K8?&<5JN`!!?LCWU3!%&VNP0TE/,0]9$NE
M"`B)BP][1D@?UB;?&E`%(KS_+;][Q\'C+*5=?U_#"%Y+FQS:]%">A($`-7BZ
M\(=/?%-$O<5^@':T*Y`$:MOVR2O@P@$BL($*[*LK?2"[#NH:!^5=D%7=99HH
M:6,5KZG-`O#^PC1O\`0.W-L'R57.B9;F$6O,`/=*,(+3OC:''C3@L"A&0K.@
M>"7@<B`6)GPP32+P5AT0%3VS#3XU2]9P#1,8+/4U`]R!2LBE`U.P%;[3(*$F
M&GE`<\,1!^HF:1.6$2LC7P[`$"_Q-6Q0!86E.IQQ3SPQ`"GP:\6W@SS(=,?'
M;*!F41?P?$\&95S``@GP?_LB!%/@4B237,CU2Q,&(#*0-)\D$S)A/PAR'QJP
M-BN%_UW-H'--T!2R82FQMC1^%!)2XP\SP`&$!&V3%8"T<'`?4(#F8'A3H`.4
MIW'PIW%QP`[48&_5@5V69`26(DK0Y0!20`8,X0`X4Q^JM`-\P`LLMA5"<`-1
M8(+)`PV4%E^?QR))M02!%@4<"$TQUC'$9(.ZX"X-T`DZV(.P&(MK](.>H$9(
M(!?59FU0=@='D%!04`%[\`5/8`$<P''()0;545TB9XB8\AXM@XAM(`>>DRM2
M@%RP`0UP$RX]96G64`V,U!!QH"A@M5(64(H+TD.@\0L,H'@G`%@T-S(^4!]$
M\`P=@8BD0A"4QA*`-Q!T$P4GL`2-"`$VPRW285(W\`4QPO\'<%(?&C>/JY(/
M(`<0_H:%<$<$0"`'#Q`&'.,9<6AK2T0+?.`%5Q`9LEB2)AD\EV$*Z%@!!L`#
MSP=E"H`!+W`!25`!G%$''Y`V7H5'LM%3Q4%)%"@H_G$;()`K&B`'==`%7,,0
M,?`,#R@_'Y%_9685N+<R!;$K&D`$>&0#RP4-\9AW'$`YZ@=-0H`N?-`%X@$#
M94``<K`&'L!WT>`&32-X#W%3$'`1&3`5K=9),B$"O8`&'_`1(N5'NO(-*B`K
M4:`"[9`H=R4%^==F(O)(03`'4>!,?L`'@/5RTJ)BM!`&)U`'@+.9)SF:I*D6
M/[@@14)'68=M3F``O<,'T;2.R1#_CF5HE3%PB%A(`BH@`I#G`CJ0`G(@!REP
M`W40!F4)#`U@4Q!`!-*P#7/#$5?129SG#SF'C`Z8EV2H;K^4E?6Q4AZP!C`5
M!5'0!KBD`ANG*$S`*<;!C%I($B\!`4PA`52!';@W@7JE8Q-@!W6`!NE5,P>R
M*_ZP#>T`!C*0*7(I-7N2>UA`BH^"F9AI.<*61&6!3^#34+16FAB:H:CP@VU1
M`!?P`]"G`%PPDP5@DV4U:EI@#"&@*2O829%#`$`P`6'0!UP1"OEB.!K&!R2P
M$$&@$;.A-/.3?U"U'AW7>;2'#=,1B`[D#508AE)!AM@I:4,@2?F#'5(0!]TE
M5"1!2F5P_U_/`!#M)A`.H`/)5`Y`L@.*M!"YXCCY$!#>51#SY3(JL`9`\``-
MT'*?4`,#X`7!)W,"!B$V^"#8,T)&IZ&&>JBA0(L5@'4:M0(H,`81L%#`2"'!
MT`>+M``,9#\=("NTX@((R0F^8Z,N!V2<`9OO<B`S@"(QH!W9@)U2`4'R0X&&
M9AODXD</X0#L<R=BAB(=0`9=Y0,^\)-ND!'7X5^Z0@U;2DID(`-.V0U-DS8>
M0)QU<`-R$`4/8`=/,(S$<6]@L%QB8`03:6B320`I(*-"`&W$I$:V``4DL`3D
M&@:B$VQ^4`<]`*_[A*CXFJ$_R`=%X`0@"@`K,`(T<`$E>A.W]O\@#;`&2P!W
M<X!`+E`#HADX,Z:91/()<C`^#>$U,!&.OZ0S/66(G/(-(#4B^0%=(H4_[H`#
MMO%)#Y$#KM$!#K%YFW<-O%(-J[H?-F,0754_0>`#%I!2/F`]$K!Q&F>>''%7
M3ZI)\M.(Y"EQ<N"IG1`XQQ2U-3('"P!H]?H[4_M8$S(``Q!B^1JV&OJ#=1`!
M6=<8&[`OI^!0-?`%]VI,M;@'"4LS6)4,+BM5W/@\5JD!'M`;7Y`'-6`'41!#
M):L,`<I?'W`4+A@",X`#[9$>\\,^<LFFV0$2M;H?,($^\&5O*>M+T(",,X6,
MLF=_W243!X21;WAD$6L*?``$?P8":'#_F:I;;/A$`*`9KV*;NR7Y@Q/@DL]W
M`29J"IH!J,8VNWU0`Q/PCX2&%$:0/IJBA5\3!:-7`T&29%VQ5BZ0`G"5;[+W
M!KCE!!%`!P?B#MU%/]0%G;OR7!)QN?L1$AKA#+`!-RGS.,T[9@XDERTCIU&@
MD1ZF.K3[8C$R`1$W!T"@!:"F.FKT6._D:PV58KK[P#SX@U#@N]8&`!>`!!<J
MJ@LRH91Q0IW!`&J+EE"0!O1V2^_A`&J#E#O0)I<30C[ABC=P<^;F<5A@MM8F
M99[S$EC0,R!W*06A'2Z!#"YS;\@(&U*!C&HG'9LK'3ADE?;#0'.*D1";82W$
MD3D!.'Q0`UHP_PP$<`40"X>0120Q*J&%"L%F/'P23`-9=P0)4`"I(".'\[\9
M5@IQN"9AEP0;D`5--H0\\`(PD!1E\`$?T`,%@`3JPF(P-T5=0"0<@#-W$A5[
MQ`81H"0TT`)`T(+>\F!5&!";]R'"8C_NY1KR)QW7H1O4(%8`9`VX]#6R4G%G
M%@9J&\>U2,6K2\=D80YU(#-`D",JU@`EL#T2>L;"3'P2_`).Y@0$&Q01PEIG
M(7;/4GHPMR`EM`=)P`,\<&W7]F1<4)2"O`0)D`5%4`"&5WI"$6V8:1,=LP;^
MQC[:P!$.QA%-T#8D$AWJYG$:I#/&I3S[-5/,PP03Z#3T&2Q8R,H$</\"`U`'
M<!!'')G(3)0'=5`")0`%P;<Y,"(AB771&"VA7M`#R#?,'NUTO,L"%+P!O+#(
MD=$F#IP3T+*U-78Y6F``)G`$7/`#N7A;7``#7&!;!&NB-R9$06(D;%"KX;HK
M]W!Y]V:"3?%+=R5IS.-Q>X1N1H`BW=6\U6`0<"57:X`&RS)U*&1(>=`%T19@
M2^0)=4``)5`'OX;1:KW6J]@#:$V\'QW70A;2*_"O15`!:A!VVG1(I>-B4<L)
M!WAL%4``>%#8`E#71(A1,$`'ML4#-7DAAL0F#)`$%_`&2T5*,!$30<4K9CA+
M]&G*[8`B\]-J34R1>54'#9!:!QP+-P&JA`/_PM^&3S$"(Q,`T:T((V3,UKH-
M.%!P!9T`UW(=W`_U@P40`6=P![9E!L`H(\\L40[,&7XZ117`!H4])2CPKT3X
M!F=``TX@94EPR.P$UE7D!$ZP!&W0'D(-7L]($3'QC/U3F-_5,N3Y)Q.A`CFR
M!^D28^@X3%K`?$5@!B6J<O=T9!OV`&9]V[^SVVRM$X/J6,+]X$ST@TA0`C&]
M`K9UUPRPS).QM3`F<WK=+Q=@"`&`V-W-!75];1$``R)-TUY7`"5J?9-8)$M&
MWC!@7\:*!>R'!FAP/!1'`!Y@0'*B`1\``TO``DNP!%9PY"0P!W,*!,WT+DG1
M(1K@`IPP3*<X6P6`_\=Z/(0``,X%(-8?.46=Z04G<`5H/2^YG5ADG-MY>@+P
MRN80'N?`\X,50`4F0`<(@-A=7@`RMA,WEA;$%&"V!@P5A<=4H,?^:EM.('UA
M)!@HP`5T``-J#*+(?`%90`5)@`2:GN54,(1.\,?V]1X:0*/N-`O7NU9AX'@S
M7<&*?@&P'&-_T`.-1"I!D`)09`MOD01%H,<8E=A=;LBJ&"$U``0E,``$A]N3
MR&>7F0O2@F*1%0I>,`!J+N?4SD8I:0H%D``"`!A'P`-.]M\50"_(IM*X`*HN
MMP?=E.6[[NM9MP*'$0"'8!>1#@-'(*)W$&771MZ]SNH\8`*8RQ`$P$Z8\_^@
M>H`$=X#=_\H%%Z#7%0($=ND`NX<+78`$S==DV,WN-&T&8$XZ&-T%`T``QNX'
MP7=6#V*6\J(FID.HIJ,%!&"O#E[M,`]UUUX*DQT!4C(E8[`"3N;E-BEV!`98
M;Z'N7K?K'XKQU^8PAL$%VGWSA@`"+,`"`3!0!Q!&4W_=B4W37*#T;Q`!!E"3
M-LE-HQ$,M&`+7H`"-?T#+Q`Q*.\%"S$1,@$$S&<&GL[NJWEMV98$O'!T&"8O
M87`%!,"GHI"07P`C=&>6F35"+N=#VU,'5]#`P!WSD#\9')H'1F+9AH`'9\`%
MY*WO6:#<XXX3K",7GK[YV4R$=E_7*\"+!W4!&U#_`!O@!2U``$L"`P@G"+)C
M%SF/\#]PS9N_^19LZ2U>48%-46Q@X::/``8@3']@!\%%*FUPZ#5M]%%FS1=`
M!9.J]WT%D@W@]UY`T;_'^`0`!6C0Q2*O<.8`DB+O!_'4!35PT9'__I(_\Q_T
M&7/T!C>/!P)P[_G>Y>$,"!4,#'E_AGF$>WMY>8N,>PQ($2L_/P"7F)>5/RLK
M/'=<7#P)%P83-0P5%04%24E%5%8P+S1'H4Y.F0"=+P@!8UP*E+B;N``7I5E4
M&U075!&ZERM'!H*,@RD+V@LA#DL)T9B6`)P_/$[(14FJ#'N&[_#Q\O/T]?9_
M>7QU5ST-72=+!LPY46*._\`_#>8TJ#'@"I0!#0:DN.*%`)0_?.YIW,BQH\>/
M($.*'$FR9$@"?OP,J*='3TH]6B9$`&&BIH`#7#J-RU+$#!)K?R`-4M2%*)\N
M%0SP&!=N4Z<57"(DH)($21>D2`J8R<+U`@"N$<Z\":=)@2\!=-`*,''SR!$$
M.3<Y7>'DAR@Z7*)Q&7/!3!)6K5IH"Z'-01MHT2I1.H?.2]5!?U+Z,4E97J-&
M728T\#*'A$`2)Q3.J9&PP00K!$X0Z$'`2@L"!"94GDV[MNW;N'/+0ZG2GF0_
M??IHV9#@#8N:;,>@X,*4JU\D<-1$-@1<C74U27CPH)3)J3E/H]2U<O6**]E+
M`?]8\$C\XPZM-\;IT$%^!CF%<YQ0*+@3H/\=&BS@(4`N3*TP1BZ9.$&#-B"$
M$$(.;;PAUR;GD$)5%ZE<14ADDNDF$B-!%<*'%R5\,,<<7I`P!Q!SY!$&"5!X
M8847#;0&A14I3&!12H5XZ../0`8IY$:\K53/;W[DH44?711`17$LR!?``4>L
M0!9/9F1I7E?BR$464^>%>0<=1R@@#!=WF'7$&P9`!T<#&[20P!Q+P`##&7BP
M1<,=;E$YWQD"K'7&&0?4)8X"Y6S"!1UE.$A&#DI@844HH8QB0!$%"*)(4(,0
MTF.'0VKTR&5YU*`%$'7T,,<$*1"0`A]:G'@%BQ-``03_'P*ED$(=DX7JZZ_`
M!BM2D;XA><@@%231PALFX)'G`<!8"6:8U%;;'3GD3&@.#^IM]P(M4AE00!]\
M]*''9<#U@002$SSS1@3PL1!ELS7)1T>`.'7'R0IF<O$"'3`T:H048A!A1;CJ
ML,-`'SUBQ,C#PFY$JB$98921'O@<4D@>?4S'1\74_8%QQ"27;/*0Q!Z)I!\8
M/Z)*'53,`0--;!V`@4Z5)&:M)G)1,A?.G8P1[1TCW$'!`6O14LH&!?RD11Z3
MM70NR`^[V#0K23!C0`L1+"&?"0$*B$+.XCQ5J7$JLE%"`DUKP0<#EOW1,3X-
MGRR/(A#+DU'44+]3<4H<4M>K_]V$%V[X2"G/LS+++6TZ62$U0,&U<2P<L,41
M=\`U#"=FFJE3)SQS0FE.G>>TPAU0N47+GJOS0$,$%]``W[OB5M!K2QQVV&/>
MADB]B!Y$37!%`L@YBU,H9(>#"SJ7%`#W5;PO/OCA\DAO_?6`4Z_]]MS_D7CU
MH/[6NV0CZ[%*,Q'48B^5;HT!5^8C((V3=BM@@,`+1XQ!P5MW@.*^ZN!J@1>:
MA@0M6"<ZPI$.AO+!AW,5HE>#JYJG."0UEXCO#VJX`LV<90)"]2(NR<.6ES:P
MI,<U#'O3TQX*5WC![KGPA23[7CQT!R+``6XH(J-;'I"2+`/,*0)6>%<$TO<"
M>=WK=?\18`%:Z)"``5#!"U[8`!2@(,4)6+%I-<`09(*BB#WP00A'*8K(6$:W
MZ:@,25*#&N#VH(<:)``/\T&.3<[``K?XK&<3*D(%$,&`"F9/<-+;'@L'"<-"
M&C)4,H0'#6L(,1`=8CJ8*4IPW@8K562E%1/(E"HVL+4K("&'$/P8Q_J@!H95
MK5S2:<0?BK((0F",#XXTXSM>8D'I/?!V7R`>'0[0'P$<(3U22>(1M-.SHS'G
M!U2`)2-J^<?<+4Z0@USA(:=)S=PD<AY5TUC=#.&.W@'/$=U\1_G.U8?)$*4+
M?</8;S`V,ATV8A'TN$;#8ODA,V*&`""HHUL"8(L$)*$&ZVK_11$8LP(*[$\4
M/#!`%^96S88Z]*':NV:HC-6%,#S0F2T4%JB(XH4E#(J7_'Q!"Y"P!W1BL`!T
M"(#IIG0`>1F@E!"-J4QG"BR)#LE882#``-2(T69J5(?MZ((7YC2["+`A"6PT
MJ;K@Q8)OT>!?]YI`<&1)TZI:]:HFL:F0C+6'!RP!136P84:#]4=6MF.'73B*
MV_0@!$APJ`\5R,H$..E#<06'7%C-JU[WJA&M!@E)&>$#%);P@1+X@0\K*UF'
M^+`'+T`!G1T*#AG_`#?)(`)#9H7,2\+)U\YZ]JI^!9*QWI&B535PM,#:F"$B
M=P+4-&`0/M5A[G#7DHXYKB6J_*QN_W<KI*KY]K?;Y$AH?V2]/-0!"B?P0A<>
M2<_>)L*+_[""%4[P6D(T,YO2D]HLS0DWWGKWN[<!KGB#2Z24&$FCQ>5#&$X`
MA!I$+!_NR$<8!L`&@Q#"4['MZ>`8UTZZ=1>\``[P2,8+W).8EV37P\AAT=""
M!I0+9$-B1%KG:Q$M:*$H#^LC,VF9W]P)^,,@'C"!?6O@WD3L>ADIQ!XF4`(O
M?.Q7F!E`"0;@WH\I,\,7M:<)/R76Q(;XQT".QXA)#)+A!BL?\`A##_H184-T
M80`M2$$8.+NQ1TP0'H[D79"WS.5X#EF\PCUP]]XIU!;(IL?19.%T_%`#$DFY
MRW".LVV^#/_F\IIXS(U@P`1:L)+EIGF%IYV,'UA\!0?O3<Z(3G1(Z%Q@.Y^7
M>Y=11`V6#,L_HY!B""%`"<(JOA0J^M.@QC*CB=Q7,8^YE5X,PZS"8.E+1Z0'
M;Q8<54--:U"/FM3W,'+)&AD97)V`5YV^)9)R;,,_A`&Q(SK!`%B=/=36^MDA
MOC6=PWQG&.:X#B=(0:85$IH8S2$%6JC!:)+DMC_4`+$8F<,#&E""*Z05L=:#
MMKQ!+.TZ?T37A1N<JJ&HD#H0X`HG2E$=7M2`/PR``%XX`1^`4!&!>"$,!=]N
M(.=-<?#6N]'W-G4A`<N'!C2`15=(;F?$/8$7A0$*)"@("7I0D!+_J.@!AT4W
MO"=>\9KK]N*_+?&C-\ZACW6A`0_0*1M48Q"%A`%'G.G!`WJ`HSFDP>%[0[./
M;4YUON(<UQW!]\G(^P<6GT#5)9@`B1Y0*MAX`0@E&'@/VHQPB%3][1:_NKW=
M.6*M'XY4\<7;#G%L95*A4\MP#[S5"2SJ:;^#T7:_^ZCPMBE'J-@1[L2;X"??
MV1$7_LN7K[O&IXGQ2+\3N)O*)N5'?U7+'Y[1F2=PX@M'9\?[=A%ZYRSI9P]1
MTVL3\Z?_\NH)QVL=PG.\910][8?O4-O3W?B(WSSQE\]\F>Z^^="/_LF>+_WJ
M6Q^1RK^^]K<?P^QS__O@#Q+UPT_^\E-[K^?F3[_Z2S+^];O?_.U_O_R_'__Y
MV]_Z];^__IN?__W[G_;]]W\".'D!.(`&6'4%>(`*2'$)N(`.6&L-^(`2J&@1
M.($6"&>\,1`GL($<V($>^($@&((B.((D6((F>((HF((JN((LV((N^((P&(,R
M.(,T6(,V>(,X2((DD!(/T(,^^(-`&(1".(1$6(1&>(1(F(1*N(1,V(1.^(10
6&(52.(546(56>(58F(5:F(1^$`@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>35
<FILENAME>o68633o6863314.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6863314.gif
M1TE&.#EA1`'J`.8``$Q&1)B3C+2QK>;DX7QW<Z^JHNWMZNGIYEQ74YV8D<&^
MNOW]_=#-R=[<V=;4T)*.BJ>CFV%<6')M:K&NJ8%]><W+RKRYM6ME8JJGGH6`
M?5%,23TW-N#?VOKZ^J&>FLO(P/;V],C&P\W*QMC6T]W>U\7#P:FFHW9Q;KFV
MLXV)A)F5D&9@7=32S?'P[D$\.HJ%@?7T\L3"OFUH9-K8UKZ[M^CGY-'0SO/R
M\-32T./CWM?7S_CX]]S:UL+`N5=13J:AG>_N[/#O[,K(Q:>CH.+@W,+`O>#@
MVRPG)D9`/^SJZ*ZKJ*&=EN3BW[>UK;:TL#$L*\;$OFAD8.'@WNKJYH^+B/GY
M^)62CX>#@-+0RL[,QYZ<F-/1S_3S\<S*PV]J9_S\^]G7TZ.@FZBEG>#@W_?W
M]J.?GM?5T^'@W,C%OYZ:E?KY^.3CW_GZ^.OLZ#8Q+R,>'J2?EZ";D_KZ^:"<
MD\'`M_S\_/O[^JNHH>/AW??X]B8A(1L7%[NXL+.QJ92.A____R'Y!```````
M+`````!$`>H```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)D&*A$H=HM#
M,5!:4B]36E.9JJNLK:ZOL+&RA%X442LF@S!D4BT@3$!_"@YA439(+18M"S5K
M57\=,`9,9']54C4+L]O<W=[?X))',V4A*(,_*1$25.M_H<7'IU-0*Q%E=C,I
M)Q%:.VD1(C#0%JZ@P8,($SXBH.$$#A"#+GBI`B#!``0.3I2)AZ1!E"Q/>"2)
M8*+$D0,5W##8,$`!A1T*8\J<23,6"`8^`#P8),'#'PTT#$3IHI&CQR4`/E&@
M4B+"GQE(SFA`DJ%-S:M8LVI%-&6%@3(H``S2^#/HT*+&.D81@P3&GQ-6_YH^
M1<)D"XLK2&YLW<NWK\$=`%00.$%A;)FR0HEN3.L1BX8T)J)LD0L5!P(!5%9`
M],NYLV=6-@@`L#)@$`H;?TPT`"%@P&D;`FJ4,2#`@`T))Q3\&3/A3Y(R-Y34
M<D#PL_'CR!N%2,Z\N?/GT*-+GTZ]NO7KV+-KW\Z]N_?OX,.S6E"EN/CSZ+>U
M"2!%T!<='`:Q<5`ZO?W[D!;<09+SP0`-$G@APQ\<`(B$`/@EJ.`A9"`01AP%
M4%$``C>T(8$#&7A0@Q,J+.CA@G)0L,()8/RA111_@$"`"D@\($$&2?`E!!^"
MC!&!#TJ``,(+&ES!Q8=`9F+''2ZX04$#2%!PPO\3?FQ0E14(?))5$BJXL5,2
M44PP`P`H*('`#"<$$.28E(#PP!EQ_+#!'TR$((0$4"!1(A@N!)/5#3%XL5,%
M2`A"@1<1B/`'"AH0L@0-B";J`)F,$@("`AF\D`$`4&P0@@D(_"%I%AEX81Y6
M#^Q40I]_/("`!J65X`(A<#3JZB$+B"`!@!;`0`5A1?AVQ0D$,,%7J'^,*D@[
M&JPAC%B#M/KJLH3LT$2,S`$+1EYU()``!0F42@"KS'8;';`[J`#`"@BLX8`;
M7K@P`K?>MLM<"RT,PD`14M:@P`&%*.LND`MPX,"_``<L<,!!1*?OOA[:,8$*
M##?L\,,.EPC=P0@K:`?_!GYDK/'&'&^\J"(#0-L7Q17C=W''*'?\\2$[A($$
M`$HL@,,%&E"Q0Q5B`!B?3"27;-_)*0?MQ\J&T+!"`DML8(87+\S@A0#'S*!%
MICS[O"#00J-,="$31)!&%P.PL$*)4!`VQ!\CD!I3SU:?AW76'&]-"!!4^$"2
M`1(\4`$!M^3:`+)KMYW@VW!K+/<@!M#V@AM%""%#!`3PK=O?,[$M.'B$%SYT
M(@^<8,$'49B0@!!V4#"$"1+\00/@"EE^N7>9%WZX(&9H`(`&3QR0P@91`'!#
M#4A<`$`:E;_^,\::>ZP($%9X`%$^)6QV@P(-T.2Z\=O%#O?L@P"AEU_78Y^=
M__99<V]<^.)?1[[0AX?@_OOPQQ]_O`FAGWYUZP=]>/(<Y]#Z_>')7\KVQS^-
M^:]^`,0<\@I(P`+ZX8`(L5\"HR-`K1W"@1F#X$$D.,'G5%!E%\2@!@W"P0XV
MYX-Q"Z$#1UB0$IHP.2A4GB$P^,#_O5`[,32<"@O(PG"X\(;&R6'&&LA#&P)1
M?0OD'Q'YUT-P_/"(G1'BYF8H0B-"D3I27&+RFOB-)UZQ+UG<(1.M^$4*)C%Y
M6M0<%[WAQ3)N)8Q47.$L:B`%.0@"!!SX7K+<.!TX%H*&:\1$!2*``"VT@`L9
M0``%]/B'-O(1*WXD!"!CP00-E&@#`DB##+X0*4(DH/\!H`PEOAYYG$@.8I*P
M.$`$G-"&`T5@.4XHU"`^&4I0CI*4GS&E(%#Y"AA8`0FGL@``:A"L5>T1E\[1
MY1]XZ0H;`*`!-9"`!'Q0/1K(4A".1*9,E,G,5@C!F$K*@)@>L*UC:A.&9]1<
M&@L72$L`85(KT(`-D-2[^F#SG,SA9A5C88<1V,!.-;#!`<R337PB1)]R1*!!
M2YE.V8EQBV1<*&<06D2%2M0S%!VC12\ZT89N[Z%JC"A']Y)1B&YTI'PI:4A/
MBM(W>K1\(&6G2%L*R9>R+Z9P:^<V"DK3;:A4IBSMZ55^FM.9"G4F1,V:3F?!
MTZ/"(JE"6ZHLFNI45T`U:%+_C055J\J*JZ8LJ[#8*E=5X564@?458ATK)LK:
ML;.Z(JUJM01;^V?4N!9DKAMS:RO@:M=)X-6`=>WK-_Z:P<`*MAN$K6%0#PN.
MQ.J5%7QEK",<:UC)RH*RB[4L-S`;0<T:A+,;].Q=;:H_G"JULJ)M!6A?T0$#
M$*0.0?A"OE+;6-(.T+11E442-+`!"B1!#NDZ@5O,2=O-VM:"<:SH*PP@@R*T
MP`=W2(,7R$"`%Q`B`(E25'&?>EP0)E>CK["!#Q00!B=@8050^(,`?.#)6MI2
MJ%_01P5@L``FV,`&.*C"#G!0@A%\ZA6K985)HG`%%T!@F,5DUUA%@(`-:"`%
M7""`_]UD,`4^C`L`YB-K=U/X79.^0E6"R$`$-!`?!;`NLB^L;@KP<`$>7(`!
M7%@`%[R0"P+L9!8!7@4.9,DK"G1(,`KFJ@HT$`&8I`T)2!##%[#!!R30P*<;
MEN$?]_F*'2B!R"O@P=]6X`-?$;>J<K"`[60`AB'4@`<N*,$?\)`!))P-QU'6
M88=7"HL=5*`$`]#&#$K0`(*J56$V2`$.W&`!+_M@"'?`PQ<$0+7+QGF(N,4J
M:B5J!PE0X`H-<,,5))`$#FR@'DNH0@*\`&4,KK.HF:6I`Q"@APT$H`44<(.K
MZU`$)+C!!SM;Q`XVX]='3W'*">UL7.40@.$N(`CT^T,>VO\@6T:TX0$O@(D@
M[,`#/9N@"_\=1(Z=V%=I6\(``+@1$HAY@TG=@%!7B((6$K'M+FZW$1_P00$\
M0(4\FP``2`C"!1Y0AQ&XX!F':#<;W\T(/+A@!2]PBPV.EF^O_8$'3S@#(@3>
M#12_B@W9=H01Z,#QCGO\XQ['0B(6@`<"R-H!`"BO"S@@9AEHX`WV+`3%N6'Q
M1H$@`-4[A!QTD(I$?`"#!4B$$B90A##(P`H.1L(;3K"&+I2`!AO(^,QW^D41
M`.#J*7B&*K=5.QG`S.=`3P0:DG0")$`!7C1P00VLT`FXL-O7ISYMJA-(!2]0
M00$9,(`<4N"&$]CA"BHXP!#$A(C_GSLPZ(BH`I1\H(+-G($*9*C!"R20`@.\
MW=21_NJDL1<&`%S`#`M8``H0(`$"W``!MR(-V`^_"`>HF1)39^H7R2``%SR!
M`@Q`0A>4=``W2*`!)UC!Z@N(^)%GO!&QG^H7)X`%/W1A7'IPP1&.\`(`F$%U
MK"N$X8GO:,S/&:C"AN(+HD"!`FB`!36H`0$D$`0*I,`!!!A0X</.3[AGWJR;
M-YX99."""/P`X";@`?T2?"<@<O/'>H;``SVP@`S8@`[8@#Q@",FG56Z$`3TW
M"=O'/\5'"#V`03T@@?;W?:@6?E=D!\?'"!F8/!LX"!WH0!\H<R$(;,H56E65
M@IJS@H+0_X(%](*$,(%AQ54V6#@X^`<ZR#\\J&TQ*$E41H,W)`=!\(10&(52
M&(7)1@A!"#=#6(3)<X33EH2GM(0D=$1GD`!D6(9F>(9F*`:'<(59DX4>"(+>
M)X/@Q80O1`(8%`=K2'^%H(6:PX5_X(-H=41VZ$!X:`AL*#1NZ()PZ$!QEUMS
M)SZ#6$"%J'UZR(%O"(-QJ(3!1H<F%(G\,XE66(DL>(D]Z(6[!(8M)(AWF(<(
MN(>DB(29^(6;&(9`Y(G)`XJ#<(A!DX@[N(@,=']ME7]M8XN:@XN"H(LIPXM&
MZ(M*!(QTY0URD`-V%&2=N(J&*(HY^(I=&(NG.(NN4`<0L`)M8/\`&N`""!!S
M-0<DQ%@XQO@'R(@RRKB%S(A&SIA7LX`#&W".5G`"59`!A3%++!"0`FDL`+2.
M<-..[]@Q\=B'\ZA.]0A8L5`#&A``&($`#/`'PN1)`CF0"62068.0V$B$VOB'
MIKA,J+@*0&!C-.`#'X!@(/9ES#(`:#!<,%`#R_`'=6``-3"-A^"10@.2K6B)
MBHB)C/B0A04+0G`$,H``3R!A)2)FU+@L-B`\%&``+7`%(U)-7A`%5L!KA>"3
M00.4W&<(?%@X?@B(C\`%6[`%=P``64`%%-!^*1"5KL(%`)`"*4`!&4`%,F`&
M+R`#%*$"4&$!B`"6*2.6&G@(90DW9UG_DMWT"BS@!0;P'P"``,0$DZX2!!NP
M!'`0!#SP`U#P!=(U`%=`3%[@$SUIC908E*,XE*7(C2;IC=](7W]P`P=`FYC9
M*`L02QM``&#P!22P)#]`'C?@`4@0@:E)B*PXEJ[HFK!8E"(H=R2X+%4P`R)`
M`1(V`P<P`Q[@`BT@!.LG*(6IFJ'(FMGHG-L(G7+H89SX*L"C`'"@`&X0`7?P
M!V#P!!?Q`#=P?(:),HBI@HHYDFBY5^U2!1)P.P`0!Q,`('>)!N88$+J1G)*X
MG(E)E@+JF"?);>U"!A-0@)^`!4Z0!78`!`P@`B8J,E])GKD8DHN9-8T)FX_I
M0_LB!Y9'"?W9_S'_>8,!BIXD":,9ZFZUJ*+'R*(7ZJ.RJ:$W=*,<DZ-"N*.]
M2)2_&)V..)V,L@!R<*58FJ5:FJ4F:`A*NC%,BH5.NHQ0VHQ2*FF/N"`UT`03
MT*9N^J9PZJ9T4(6"\*4:$Z9M.*;R6*;T>*::EZ;2`0,HD`'5M@"N4000D00F
MR@`%<P@<D``.!`$7.`AVFC%XBHAZRI!\ZI!^BG^`"AT[0`6G@@!%,`(1X`4K
M0`%<P`F\,CN/&JF36J="ZHY$RJ,#"EG>@0<:@#%+``$J$`6=M@%$,0'PT@&(
M\*H%)*E>.JL)R3$+:98-Z5"=&HR?^AP&$`$K0``#L`,C0!Q=X`)H$/\!`.`D
MC$0(R,H_RIJBRGF-YBF2MHJA1PJDW=$`+[`!2-`;%X,$)@`$*A`#8*`!'M!L
MA7"NR9.NA%"I?G"INYBIT+JITKJ>=-:>V($'2\`"`9`&`'`&42`#,U`'+<`#
MGY`!5^!MY@JIR1JK?X"P"IN,#,N8T?I1T_J,5(H=#>`##T`!%'!T/D`#%6`#
MYW4:/B``V4:PFF.PE,JLM?JDKZF>FCB#M,@==C`$".`"%[`%G!`0%Q(&A)0!
MC6H(1%LX1BNKZ[J:S"F42ON<40JQX">QV-$O<+`#Y*$C($`&H=<"0""P7FNR
MZ(JR*DNA`&JA[VJD3IN*R_*U<!.V*8NT[=K_HD+SHDPKBX,KHX6KMP7+MXI;
MMJUYMNF9MDT[AT_K*H:;-8C;M^R*N>>IN3WZN-T8N4B*'3O``3P0N[([N[0[
MNUXI"*$K-*-[N17:G*A[JZN0C@HQ!4N`07B0M["ZK&-;GJ;KKK\+KZPKKWW1
M&Y0P!7-@O,A[LLH[H:7;NV9+IDO+N9#KN83+%Q:``&X@`SD'!4J6!!?POA&0
M+8=@O=@[L)1;M):[O"NZN$6JNK$9O0/'%S=P`2I`>F'0`C^0)'(``D50!$.@
M`0@RO]?K0,=KO\FKKMQ+MMZ;N>"+MF:JMB/(MC71!O0I`S<P!5Q``Y8VC0M@
M!13`DX5`OQ2<O7N[_[V?Z+<Z"KC/*[CD*[E[L0`*@`1Z<`)>=BW3Z``1D',2
M7+\E>\$'R[M_Z[L=O+D?W+GL^;E:`0-&L`,(L'YN8<0A%FV)(,,%5,%-K+T8
M?,/=&\7?NZ?A6\7C>\5=U0?`%`$V,``^@``1('&Y61-F\"4R<`<7$"]@3`8`
M$`/'1\;\8\:#D+M!L[OZ.Z3\&[C^&Z.J(`4:4`1K0&`JP'271@AQ,`"B/,IV
MD@E)P`39M@`P`'",L`-8N0$^,`':@`$/\`D\X`.WM,0S;,%H_,213*N3O,.5
M_*.8L`8W%G\1D`6#<DU_$``"\,S0?)&8L`!3B0`6`!,+,`&7*0`G<`4XX/\(
M59`%/F`$!'$#KI4B!#G&$US&-%RY-GR+.-RD.CS%J2N^J]O#K)`$#P``3N"2
MQG1/KS`#&R`&^R$`_*H''_`'6>`&69`"[)66E:#(R</(N'N_8)N_&<R\&WRZ
M]`R\C"`"2&`%!W``/O"4#PW0KI`265`$8,`$3#`$;I#0:#"7Y]L-$JTY%$T@
M%GVX&*W&&LS&'.S&'MRG("R=KL`!T$4"9S`%Y"0')W!C*-T*+4`%_#$$,7(#
M2)#07W`#*="4-KW.B]S.^/O.Q1C/8CK/0DW%1&W%$=L*QQ`%<"T&4H``J)K.
MC60(]?4#(3!<?R`%4@("EZD(-\`#2L`0ZX;5"0W_!$G``&F``"S`#3==.#GM
MR"D#R1F]O\W+N$'CN/;\O_@,"U7``R1[UX7PQQN@$W:$Q\2T:.6D"`H0`5M0
M!"]P`K69U:EQ!7^P`RM`F(F`!0SPV\`=W,(=W'3Z!Y$--Y.]TZ+;T_"\QCDL
MQ6E=SW!\SW+LPX.`LQZ@`#X`!&FP`?@9!"=P!$ZQ"'\C`Q+@`@AR`P`@*&:P
M`9D1`7Q]"`&`049@",>=-<GMQ$?[R\VZ,<_JL@X+LT4]I>V9``"2<S>0!2RQ
M`-PM?(M@J"KP`F9@1U_``-^#!1-``R@JW_1MWV`]T6)]T63-CF:=IVBMJ6^\
MUG'<UN4["""@!#DA`1!Q_P8L(0@FX.",<`,;+@GS[4#U'<,?CM,ASM,C?I`E
MCJDGWK`ISJD#CJ94*@`C8`(%X`8B1^/U<>/>T.,%]..$<-]"D]^]O-^7+<F9
MW;^=;<G2*PB6Y@%0MRA6;N,XO@U:SC]</@A>'C1@7L-IW-P__=QMC.)#S>1L
MO;98;)\(<`2N]@D7,4HH\(_<,.?)4^>"<.<ID^?NO.=E[=SR#-V`KM:"ON*$
MWN*#T`%WD&N2(`V)D^JJONJJ7@V&`.F:(^G&'>22/>3+7>0?>>0+F^0`ON0/
M.^@A7.B"(`<GN`A\$`#(GNS*ONS*;H"%`.N%(^N4CC*6/M:83N*:?M:<KN2!
M_O_KH![LHJX*38!!TOSL'0[D3-S(RJV[S)WI?;[I?\[MGN[MU,WBUKT*X^Y`
MY7Y=Y][EM([<ML[NN/Z3NLZRO.ZB+PM3,6N/"K4`!Z`#$!_Q$C_Q$K\&_Y7O
M!;3O@P#M<"/M_X[?`?_([8[M[Z[M\=[KW2[@P&[4M"@'FITR32`EA(#Q_*/Q
M@L#Q6>/QZ5[1^BVV8P[,94[)9T[,%3?L+X\R,6\(-)\\-M_,_6[G'__E(5_9
M(V_DV6[BVX[R\Z[RW\[RA.OR&)3TA;#TFM/T."\T.K_+9ZSGOOSS_:TQ_XWP
M`:[P3?ZGP@;V#B3V,T_N'.[C'K[S.MWSB<O?2=O1T/O_V0&,]P6D]X-`]H5C
M]D\_Z5&/YU./,I;MTQH-U!P=W1Z="<JB^/S#^(+@^'`#^7Z/[FJO[H)/NB6/
M]2<O][[.]?4>ZI(+^LDC^G]`^EEC^EO^]ZG/\V'N\YB/V1OMO(;/P]6MH;:O
M.;BO^T+#^W3N^^S,RVPOYL-/YL5_]!W#V=/MV<D/I,M?.,W/]Z\>^;,.^)1M
M^56?ZU>/Y%D/^RE/]RM/X"VO_1PS_OK>][V/^M,/"'^"?QP)?H>(B8J($%.#
M@R2+DHMQCX,?DYF'!9:"/9J9/9UV&*"3#IU_II,YJ:ZOL+&#<()RGZN*37:=
M3;B*#*D!OHE&G5-SPXAXG87)_WZ-G9'.E9V8SIR=M\FBEJ3.?JB=WWZMLN;G
MKK1_MM^ZO-_`G<+.Q9;'W\N6S<G0EM+)U"Q92X;-DK9AW!YY<Q;.TKARZ"*B
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MY,6U]\_G5:&!AQHUW&9QU<?/U=`0`<&:YHR?PQXJVV-UV_IP/]4==9IGW]D$
M1MXWJ!F7GBMR4$$!#%00\`@&(HC011,05&CAA1A>V$<7$78H0A\9AI@A'QYV
M*(:(*%;80XDBQ'!'BBBN6&(/&,`88@$QL$B'C2%"R"(?/&98`(LB4!CDA4VP
MV$4!1UY(`Y%-7B@C`S`<F$H2"*!"`P"/U.#`EW@8(.:89)9)Y@!?IOGE`&:V
M:28':J;9AIMTBLE#G`[,,$6==,Z`)P]S\FGF`7[&R8.@;4[_@:<#9R!JII=X
M,N%HF7@L6L.D9#:P**9D%CH""%9V,@``-?Q1@@NAIJKJJJRVZNJKL(J%I1E_
MH.!#K+CFJNNNO/:JJAT-_D&`'[X6:^RQR";;:A+MR9"$LM!&*^VTT[9@1@NO
MD"&$$@R`VH``(50)0A%.,+&`'3,H$<.SG001PP1F?+%``Q,(L<,?25A@01`+
M@!#"!`QTD,H!3CC1P&!;]&$#<TF@0`,0@]PP`W1=HN`$'E^048(`',C+Q`0E
M</%'#164#'$W#?3Q\`)<O#O`N3A,L(4<?]Q`0Q]2I&*'#2#?\(<!%CS\1P<Q
M;V&'%"57P(#(EG3`<P@M+%"#`$5@_ZNM`#,LL``/`I0`:B<M*^%`%0MPT$<(
M("S0@KX'_+'#MCC0;,D"!]`@0`,+$"VS8PN8L0L9#,#KR@X5*%%!E0=0?7+?
MCH$P0[0+6.#""0`H48,/%_@P1`<>:!"%%VLT@(0,"&1012=4:'`"$F8TL((7
M&C0!0@8(K)`!&1,`(($+(G121Q0^K!#!`#CHCH`0()P0002W_U''`P"<_`@7
M,@0?`0>YR[""<@A<@(`6"[P`P/)K_>$``E$@0`$7/P#@Q0H',*"[!FA3@0`"
MSG;"@`O56T$&`0A@'AEB@`#8"2$,R_/!$4;0"1&X`'8J@,$*TF<%.SC!?=L;
M@`9DH($A=/]B`6&8'`#6Y0/8F:`**0@@!8+0!"0HKPB=D,,)2JB!`0BA@!H0
MPA^J(`0D0,P"&I"`!G+6"1I,S@<FX,+[(G`%0?008B"XPZV@90`9%&`!'HC"
M`[R@!@OX0`<;8,`.O&`(`A`.``/H!``4L``*/(`"!+!#"`!0``2TH`8;P,()
MPE`'":B@$P[80`W(X`4M1,`$=DA`!.27!":X``Q?0`$27&"`3I0``"V0H`J0
MH``9IB`.*P!!##3`@Q5P+`AUZ(05+E`%/+BA"3[@`1E\\`,"/.`+`3A!\=;0
MABO8H!,22(`<0N`"^1'!D0R(0`#LL`0$J`$$-WA!!K[0"0*DP`[_38@`'#3`
M!18@``T:B`$(*$`!%`"@"@*8XB/P@``LM)$"85B!+2)`APVL`00(&((&BK``
M)42A$T!`@@-`$`$,>&&9S?Q#"C:P@>5X80AUR``5F&,)!*!@`0+(H09VL`47
MR$$%#*WD"=R@@6AI2V17N(`$*L$!!,3!!610*`$<D+,+LNL1,;B!'2(0AGS^
M@0ENR(`,G.>#"7"`!'!``A0Z80`8UB`"$W`#,$*`A#"<H`HP\$$3MH``.%"R
M$S7HW1HTL-`JJ4`"$J#"'Z3@`QIH``"JJZ0E1L!`+&P@#27]`QPC\($_=$&9
M`$!`!RDF"!&4Z@YTE`$7LIH`),3@#VC8_X`@'`"`MNGO95JPG8.`$($?;$`*
M"S`!`IC@`R'>H1,W0,-@HJ"@/^[`!Q30P"Z\\`(D;.$/`D!")ZJ`!C(``0"Y
M>VQD!=&`AM8@"BP0C1>P90DH8,L*4?!`!O`5`5045ZYNG98#"+""+D@``W\8
M0`3\@*H_!&L**;SH!V.P@A.TP`=*".\3""`!0?C@M$S(@`O20%BW"0`!USP"
M*BK@`C]00`[XG,,*'J"`#?`@%3N08@!Z(-D_I$$&%TC`3]N:AAD0X0(ON)(*
M`&"W*5[!"PA(KC<SX(8NL``)*$A%`RB`@"R(X00@P"<57%"!/XC`#7](GA@H
M.C<F`#`$&9AN"_]6D`8WI%$)/E```!YP@0B<SA)U$()*!T"`']A7`E-,*P94
M]]94?.&_+V`"$GK\8^(VM`%1.%@7HB!72X!!`C(8P0,>\+,H=.$/UQ5$=J%5
MAR)$(`$'J,(54O`'+""`#QM(0ANIX+H7@('(C\BB">X5A3_.``D/B,("8```
M/H1A&0)801`L404*R*`(H')!"1;@!!\X(92__0%[$*`'"G0"!A2(0@QV4-R7
MI2`#Y.R;#[!@!CE\P0KUM00/)$"!VY9``VGS`I6=\`<GR*"GU$1`&3IA!@0\
M@`-_@`("@/#;)@!```M`04GEQ]Q.L"`"*7B9"BY0!_$V80,3.RL%&'W_AB>4
MZA$=F,`A??:"*RP`#Q&8`P!@L(`+#,$,3I@`%2XPBA3(P`E?N($/X"UO-QN@
M!1<HP1],8+I.A``!82C5!+RP5A]`+-!_&+2RDA`%`B@@!@YP@@8<D($3_'8)
M)4!`#%+@`S[$0`A7IHD+4M"#$N3`D&"X`@%$@(`BY'8`$G@!#^!XKT=LX0EB
MB`$:!I`!`K`@K0UP00R40*HDU*`$&SB8)8K@@CO$(`1K0``51##R+64A!1<`
M`XP_@``3H$X#%HA!"9BP@C!TP05">,`*1G!HRD*A"/OLA`QD8($2,&`-,*9[
M#0AP`@=$(0`+^$$$7+&`$ZR`!B6PP>5#H((H_]1@P2*(P!U4@``S*&$#7VN*
M#_Q0A!(TP`(";;LC^8""%!,@`W?6L"4.<%?)U^`*K7^]R=M(`#/X(,:=\`$!
MJKZ%$6Q@"YTSN:#SJJS57^#^`6B!'P`@`QXLX'P:<$(IL`+W1P#2(PB_=W\7
M(``W`#U>4`/QI@$^(`0+L`41X$*6]0A"0(`J10,&0#D9``-U,`$2^`$450/K
MTPD*P($2$`,<$`$`D`8P4`5IP'^0E$Y35B66H`(<>`$'<#[`I09)0`!(0`$&
M8`<]H`$:(`!R\P@2$`7WEP$W`$L^8(('0`$`L$)J$`8"X`I<\`)0>`$I8`"(
MM0(,L`!G$`4`H`)DT/\"*1!8?V9G$J"`FS9B%X`W4""!%C`O*["&R3<(.A`!
M"H@&28"%*R0(!T``5=(`JY,"3?@($1"&*?`%!3`^.O0'B:B#+-!$U-*)GOB)
MH!B*HCB*I%B*IGB*J)B*JKB*K-B*KOB*L!B+LOB)#D`LL'`'3/,')_`>L]B+
MOCB*,M!C;,`!J^8\`T`"@O`$>M=MG/B+SOB,T,(!2``#8(<`4]9J2G@")K`'
M'"<(4N`".@B-XCB.NY)J?V`%,L``=_`$,X``'B`$$70$&Y$'`(`%Y'B/^.@J
M95!?%X`$PH,$.:`"&H``?Z2,@[``&D`#^;B0#)D>2C!4Y)0$1)`&>$`#-=!I
M`T^P!D?0`!GC/``0`@T9DB(I$0Z`!-I26A$@`P>`/OU8!7K@!0S`:`?@`O4V
MDC9YDW/C`R-0-@70`Z`R`!,P`<\"!7S0`@]6`@Z"DTJYE$4@!A&1`H^SE%)I
1DZT4$3R02E.9E5II#H$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>36
<FILENAME>o68633o6856300.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856300.gif
M1TE&.#EA90!(`.8``"8MA?3T\ADJ=2<T>C9$AQ4=>?[^_DA3D6]YJ<C&Q!,0
M$2)$=W*#I.WKZ;K*TL?*V:FEH;VYL^+KVALT=MK9YI"IJJ6RQZ:IQE)HE_KY
M^>KL\I:HQ#PV-A,F;=31S;&LJ:*=FIV8D\G4XA0<;>;B[&QF8]S:V+N^T0T<
M:EQ75"DE),7!OJ>AG7MU<DE%1=WBZ(R&@X*+M,"\MFEPGX65N+2WRNWV\\_:
MVJ:WN@\<<ZW`PX%\K%%,2A@W;,>VTIB=N/3U^*&FNG%K:/'P\.3BW]O8U)B1
MC96=P4`[.H![>)&,B?7X];:RKX:`?<_,R8"5IN+H[5YHHNOIYA\>=-G5T?CX
M]]+4WG=Q;F)<6OO[^NCFY!`A:=;3SXJ)KM_>VS`K*K.PR\/@U6=A7Q\;&[*L
MT.7QZ^_N[>CF[CY4@%==F??W]OKZ^_O]_:&:Q_CV^D0_/E=24?S[^PP=81$B
M<_S\_,_(X='+W=#'X51/33@R,:6PS8Z.O)"=M/?[^@<%!O___R'Y!```````
M+`````!E`$@```?_@'^"@X2%AH>(B8=9(AL:BI"1DI.4E84!)P0"#$`&EI^@
MH:`V,0`Y4QUI%)ZBK:ZN!B\(``MS(P4C&%JLK[V^D;(+(P(%'1-S'0A#O\S-
MA&4,<UMS.<13"P='C\[<O1H,`M4"(ST"!#0FO-WKHS3CN#T``S$4=.SWGP9J
M%@!S<SW5T(#9]H>-#0H;=FB(@Z^AH3@/"!28T&'.E`,/JK"R<>()`0`=&-1S
M2/+/F30Y<J"8LN6`"%8&K/"9@J):M1E6U)5<%T/`A!$470ZR88'`E`D%<DR8
M4NT`E)WW'!#88JK#@!.#-,08,*7`EA%=@4H[0`1J-R!1YOR<,&&#&D$D_V8(
M0#%A2P$!/080B/&CQ@,29IT9>##@5$H,+SS90%"+F!P!`C!<..-F#1T#.@._
M"O`DQX@YD&LP9(,#P#"`4PAT`:R96QD;?R@,F$!,0)1M(@B@P'MMRPDW@^*(
MH,'@P(PC.5N#HK`C0QPP8`N@`'#$4X`?ISZ/V&(ARR`S!P:`S'%W`((SRBDM
M.8%!AP$S:2:D-">BH)T%!7K@$G`!^)\A1_0S%P!;R.<5`18$D!XD5>!```%E
MQ/83>3U@\!801V07S@$1_E$%&0M,X=,(P@C0`5,C$'"!/0L>P@88!,R!@"`)
M>`;9)H)H$,4P:DU``RM6H(1*`07(09MC\A%@1O^+AF1Q`C$`@"'(!DQ-,0(`
M9`ABQ0`%6)0#&EX(<@8"%A4S&RHIX=?!"#E4P"0A621@BAP`F"!(%PN@@,("
M`_@@R`,`Z"E=%"Q&-(4<"Z2TA1P3(25'2M,I^&8`>ZA$VP"P_<$`6-00(($@
M%\R6WSR#@$%7`:CXA*J-4_0P3`<.O&E#$%/)=^4@.Q03S@"L;1".`',,8,$@
M07@F'63Y)341H^0`$,2;(ARPTCL##((`BA,0P-H/`J`RQ0"Q"L)M82@,,`)0
MN\V5*&U3Z/%F'SX0L(`<Y50K"`("Y%G``%((0L,$B:)```Z#8)<#`8RR=2BD
MTN4PQP)9OOG'#5Q:.8#_%H+LL)+%8?ZA0Z"FX2B(!=0P.@U-O'E5F(AA2/S'
M8`><N,`=_E+400[@_BF`D;:DL>0?5AQPR@`=C+-4-1:]NH#+@F3@`QJ0N?O'
M!?I11)T@+Q#@&5($/"#($#T==2[.H+')%&0_,"T(&PE(E,:?*MV<0Q0YXMN!
M:3)F(`@%,]B50SFW,)7#%H4=L(S:+X=QP`$*:H#&2@ML@09L55S@,)T+$)#8
MRPYPE5V>.'>0%`$G9":Q`40P,&P`,Q0]-%:Q'4#1V#-HP,H=\<E7+IO=SF`'
MXH7004$-:K!Q0E=T=1!#%7\`T4:W5K$9PUN"F,%'%%HO1<`,;70(/"%T#*'W
M_PMHG!).&D_]`<4!GXUSU`:'>_B"`T%<<,$)JWRO2!9!+"#Z%',(`O,,T+80
MY:`6+?F-Z?0'#*UU(%$$2,X?<#"`E4@'@`/8P0/.$(`E9&`-#)0$'=S!)C:=
M9Q`.`A8`P_$H`D0!`0RX00@E\0(,;`$O^_J!=YJG@S3T`&43,)+@=N"]&2J"
M#(&R10$`0`.&%(0$.S`-4XHT@0%TP3]&A$0?GH"J!0B`*F``X2#"@($OA@@`
M>W!B%B-QAC*>Z"<`V`$)>+$$!^P!#0.CWAHC88`;'&`+.3`&SF9`@4(`X08G
M`,(>*=&'(`R@'">"S`$N$`#,+%(4.M#-`4VC$@SX8/\(:KRD)2I@KA$\!GDY
M>$*_1/D)-V3R&`;JP1Q6Q$I0`*$&,1K&!-`HJ049(`-5`"8O#!"'!8K"E64\
M"A_,8,R2F,$$*X!`"%@0@A4X@0A5\((,?M:,N*!A6`M20P*$P`$_*$`%*OB"
M`L;`@R:D``DKZ(8&ZK,@(B1!!7[P0PL^D``G>``"5QA#/CD0SUHJ8@AX4(`?
M5``!;E8/`@)%0@(,FH@`M$"A8_B`'@FAA@\H@*`4101$S2D$O2&"#BG(@PQ"
M:H@&O"&?7RAH(F3P!1"PM!`K$*@?\&#21#0@!!,51!&,P`,7N``++'C("J[P
M@3](`09%+4$1/&$&",#!!7#_`,%&_Y`%$%S5!4)8P0XY^H$2&%4(3(C?RXC0
M!#P850P0Z.7+0)#/,<"`CP%XRQI`D`<5&`$"2?C"&)*P#`.8H`5O&(,"8``"
M)*A`H`K(PPJ8X((OJ`"C+*`>'620!R3`@0>754$2&C`(.JS@#1P0`PA*,`9V
M8NP/#5"""CC0@A"4X+%O8`+U`M"$?#*T$E[`9PD"D($`)&&=$'B9!T+@@GSF
MX0W[_``/\LF#-XCA`RMH@D"_D`X#>&"V'FA``[YK3A:PP@F/_8`9JB`%+.2S
M!'\(``S&(-D`5*$!'\#G&)@@B`8(P;<1J$0$\MF"'>;7#RD@1`@4^H4`ORRG
MYDR"_TFU4()\1L``#2B!`E8J"`/`()]OL`<14N"'*PS"`$K`Z!_RJP`C</2X
M?G`!:;V`!YAZH!).,*<16'%@)!#B`P)-\"!,4,XQW%@060A!/D%`!Q:,X0L)
M*(()J$`%)>>S7RD>@T,]@`45*&$(<#"G7/]@@CR8LPFP_>]".3P)-42`";O@
MJA$B^F.!PH$07GCI&.PT"`CD4PAF2((YT4EHG?I!!D.H\!<*D04M4"$`)OB"
M'Q8=O##[X<Z\K6M2*V$`.I@ANWA`@D)]W&>%8H$0)D""'_9,"#_[00A4"#,/
MF"`#&41@!1&H=02TX`15MR`1"<@GJ0L!`X6^@0H&L+("?O]="36L(`EYP$("
M>EQG!.-9U:SN\WL],%T\C)D0$<"G&(`-TT.,]-A_8()"=_KM1%0A!'D80PCT
M1NU!>-3:0\8VGP7A:B%P>]6D1003!)H'<IMSK(-PLA_>4`38OG2A_)V$1Q6@
M!!;56Q#W/G6^5[WO/_2;"S4^-"*`:F8%E*40^G""0A5`!4.`0*`\4)`!+IK/
M%+2;$.+]@YE5.@@FX'/8*Q8H'O"LYXZ[6@Q2N(*P#Q%N&N?SSH7(@`N,H.K%
M&L(("E``FK\FAGPNEIF'"$`(OA`"`]3U`YZ@P\O]`/2,HUK?K?YS%4"P[A"L
M$K8A&(,,XM"$E8<@SFN@@AA24`7_&'_AY(*HPG3?</<_$.'AR^[8(#+`!1BH
MX`IVRJ<?Q*`%_";4#QR0@@>6P0*%"ED07L`V%P:1Y/=6H0B6'H,0L/L!(:B`
M!_;H=5U+P`(6$/4++2]"<[4N1@.$F^*&2("&J=L$",B`"2"X@@O&T(370CX%
M6,A#"O2;`C&8P+C"_IEI\=GB06BAZPL?PF8-35]\NL`#:8?`NE>M6+OV7-4J
M`('X$N""93NTPP'@!"%G3EEW3E=`!3U%!*H&8&;@7@L%`2R@3IHG;U[``_/W
M44Z@7?,W!E=`0,TU@2`@!;Q`!TY03IJ'!RNP441P4>ND6'G`!)6$"/HP!!&@
M!$UP!4W@2P3$I0X&$``K`%0Q&``L``)$0`=9$`!#D(1)F`$]J(1)&`!T4`5.
GF(1OH0\F``%&L`)0:`CZP`4L``$FH`8Z\4M2L`)_Y0&5Q`N!```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>37
<FILENAME>o68633o6856301.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856301.gif
M1TE&.#EA!@&L`.8``.#>VN7CX=72S+VYLX>!?<7!O()\>,&]N$M&0UQ54SPV
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MC:*<E*RFG_O[^FYH9):3D9^:E+:SL$9`/GU[>;ZZMR$<')F2C._MZ]_<U:BC
MG)Z:F.+?VOKY^.OIYZ:BH,K'Q>GGY'AS<&AB8.;CWS8P,,S(P;2OI\2_N*FD
MG&]J9_[^_?GY^/W]_:6?EX>&AL_+QL_+PZBBFMS9TI&*@____R'Y!```````
M+``````&`:P```?_@']_+T,86'\@&$,_@G]!#AV"-%P6"XU_/R&:(0UWEY^@
MH:*C("$MHZBIJJAB(ANKL+&RL[2UM3E#)%U=!%@$)`@D:G8+(21$?U)MN@\>
MC4M@"B1O)$.VM2U@%M?<HP1/8MWBX^3EH$`($P($8#\E#`U";`U98"D"?U\I
M*`=@6HT$4D#08:%$CS\BRCA9\0=#`1PXN#2(@<&)BP`;?@Q1X80+"#0A,@1Y
M<>!/AC1.AAP2!"#%#2UE,A#Y$J[`0T%WU#C1T*#.'S4:M)S*,,2)@!`!Q(3X
MX22$#2U:1/PQ<L+)0Q$A!&@Y@:9&%P7;S(D=2U:5G14"-IP`4T'(-@-=_T;<
M&0`&WX<W4KLP``BF0``/;Q(8*2&$!-L/)7[H27%``Q@20H2T8)&"A`(P)PZD
M<'"$`0(074IT`7-A94LPH2?H$7("1`D69P0MMMSN1(EI8!:P05TBA045*:BE
M0)V"C8`NU,"X@)-"R&@80\"`85.VNO7K!THDL/!FP!\6;P+DJ_M=`8T_"-H`
M3$&XQ!LY%L!`V)-@0@$A*#XH\#!APAXRF+$`AAL`*&"`9IQYID,)8?@0P1N6
M_-&2`7:4`48?)%`@0`DJ-!)&"ELP405_$^P0AS]"4+#!"KX!]T4'0F2!10(]
M+)$"!WNDH]D01V1!PA]M)##"=406*<X1%)3P1/\'"UH#UY!?D'>7$7^0L)<@
M`5&1A@$I&'!""@]$$($,(CQ`1Q=/N&&9F!&L(.`?"W1QX&:=(2`!&`F(>8%4
M$J9PQ1\%@.&`#&]L\88=C:Q!AP(I*%#`-&QN48(3??Z6P@M_R/-'!#T\D0*;
M,NCS`A!L_!CDD$:FJNHJ&\@`1AL8-.!&"1<`8&4D4>+#`1A?O%""!GPYXUH;
M*X"!AP,FH+"!"V^4H$<&/2"`P0HR>/!FG`;H(-`+"""@`A@$.&"%%3BPE$(;
MUN96P!M=+'&)!&Q`H$4*+"3010$'$-"$`@DX0)FEF&K*:1A@S.'#!W%@<"FI
MIB+@P*H01_P)#8P2I@#_$?5TD<(`.8R'3P"0%88/EF`X\X=V-$QP6PDH_+&A
M`H?8IH`0/:QQK9P!E+`R`G8D@!H8'[S29V%@[$6#SXPT0I<T8`R`@GOLBN`"
M&**U>&FFU''J``RHX<?<J*7^X:EZ$I>]:A!-.*"V`$"<X0,$+73\QQ%-`/%'
M#AUP8`$-<B?31&Q_C-&$(SJ@`$#'6(SAAB`YK,$/#G5(,7@08RR0PP@2--'"
M&']@X4#F?<?@P!HKR!'#'TC`=<0EETL0A^4YH&'!"N5*<`4<$*2P`A`.V,V$
M)2T`@$40.D#@1@Z\`W''`LX$T0<`9D<O_?37]`"&#'VO0L%C8"`@'O7@AR^^
M_U@H<`%X+""HD,8*?(_O_OOPQR___/3_L4$+Y=:O__[\VT""!P&X0`FRT`E5
M;($.([A!%M;P!`,`X0($H$4,$N`"_EGP@JC``1TN<`0VR`D8WT-%',AT`1*T
MH`<)P($2K%"+$PCA?!B,X04;4`('&*$',.`#[C(@"!!XY@WGTE@/</"!!RR@
MA"=,``BR<`$<V*8R`\#"$WI`@A34#``3&`X=CM"`+FQ!AF"T(`J$$``0R*`$
M"@@#`#PQMPDH``(3`(,&+@`&%<#%!DA$X1$F\``U*"`"7)@``FS`M0]HP#<$
M$((,J$""'V0@`0D06A@G*;\E="$<2'!!%7L0H3TFX/\/!BC!"+)S@#OF,0%[
M?(`+%/`P#C`&!A.0@@U2,`,-&,0+6UA=%KH``DKZ$GY+(($8CG`["'P`#`QI
MXR=#.<H2E+(+>#2A'OE8A3=T"`6\@D$/C##+&=A``@:HXA#J$`$$V.V7Z`S?
M&`.P``1T80H1J*$@/`E*49+2E-)$)1\=(`0$5$`!"&B!-KF9`C)0X`TRH$Q,
M$@"#[*7SH66S@3,WH(8'/>`+I_L##I;P@3\,@0(9:``%?B`!`A@!`@00@08^
ML-$;8.$+#T``'1J0`Q-HX`@B@`$&;/"$_CSA""IP%$2':C8<4.`"KU"*#5C7
M@4C@``EW"`(2@@"$(]RAJG?_:&H.CA").H@``$@01%/O<`<:G`X$+6@!HJA@
M3J*Z-6(M8`"?RH8%`X3EK7A-U09\8K8<;("->0VL8`=+V,(:]K"(3:QB%\O8
MQCKVL9"-K&0G2]G*6O:RF,VL9C?+V<YZ]K.@#:UH1TO:TIKVM*A-K6K168<-
M8"$&9X`(1(PP@MJ*@`9'`,$9'+I:R?H5"#08P0):8(8QC*$/R.W##?S`7"7<
MP`I\D``',,"$]O66L7X%`0W64%P/)/>[WUTN<\<[WB7PX`-%L,`.:H`$WE[W
MK7>P`Q)&L#GPVA>\XB6O?LD;!CZLH`E&..=[B8J%(TC!#-Z]KX*3F]_].IBY
M/"C"_PJ(T,L!LQ8'1@!`@A?,8>4^^,/DY8$)Y#""C%H8C"!8PW$[S&(/@_C%
MS`U#'-9XX@O>X0ANV'"+.]Q@&(.8!Q#P0/YJ/+\-@&`!*]YQBWOL8Q`K(0Y$
MP(%[B4R],T@AR4I><I.W[(<P#(!*5`Y?#NZ`!"QG6<M<WO(-?!"),$\/!VXX
MLYR9G&80+P$"2W5SV38@!C/+&<UUWK(2,#!D/1LI!\30\9]W3.=`_S@.4@"L
MH:V3`QRT8-%_;K2C04P&`/!UTF6YL9\Q#>A-JQD.*P'U6(PP:E*S6-.F_C`/
M3*=J<]QA!(IV-:-C7><EQ*'-M>9&#K"PAESKNM2\WC('SO\3[&ML8`3'7C2L
MD_W@):P@K,VF!1:@'>U,4[O7$A!PMF'![6[/^=N]CD.AQSV*'$C!V.9^-;K3
MC2AVMYL&K8XWC^?=:QVLV]Z,`T&^]<WA:?/;P1\0P*<!+@@[`(#@WCYXFHM@
M,H9W;@$0C[C$N0R%"C/<"!G7^,:W;`$89GNK`P^Y@@T^<OWRP`&2;O;]5'[N
MEG.Y"%)@=PY`3O,SL]SFY.4`L(.-@Y3WW+X_!SIS/_`PF<<9TSH0`,&3KG0_
M5`#,JLX!$C"]@PL@@`$K8$(?F'`%$SB`!T]X`AL(`(6T/^$"&$!VU>W,L5K'
MX.E_)@`,*!`!=?3!`B1X@`#(<(/_,$P@"W&XP0T\LP.YS_W#5<#ZI,5`Z@<0
MX`,#@$`3!/"`+CP@N19`0`&0NX<>D&'7CV\R!U*MYSN8@=1Q^$H6Y-"$#4[A
M\WUH0@),D-PPP*`)J$\]C)6PADGO'-X['H`<GD`!$D`A10D`"Q/P,`'@]T$'
M71B`DJG^^#A(,LP;>#VI$P"!&UQ!"'R@``4F\`8("(`!3T`N$TPP@2QS?^Y*
ML)R>CZ!K`B``D@D@=7W``Y^G`Q,P`\@E`!3`!O8G?%M&:V&6`Y?F:DU@`0Q0
M`0Z07#X0=TU0`-;'!'#@`PWH@#Y6!&A0#C2@`RJX@BRH`QZW6$!@=#N&`0(8
M;_<W=TN`_P'E8`8_)GF)=0<\=W321H)-=@5#QPT\*&L^B%A8\'!".(1$"&-A
M4`/DD(0/Q@-@%@1"<P<FI@I8\'VPP'KB@`53-@L=\(28=H./5Q+C8(4.AH6"
MP`%)`P`2$`MH,0M'\`4:-01IT`!_<`<KD!FL@P%E<`"1@`0_<#J-LP$YX`-Y
M)FQ2@(90&(4O5@0Q9PMNN%]P^`<48`V`$@$Y$`,;H#PXD`&QP852%00NXP9?
M^(<QD`.QA01U4%62E`-<`!MTT$`P<P()L`43X!V"X`,D,`<]<`)(D`X&<`1F
M4'<-<`&7.`MG,(&2Z'.4"&,\\(A(V(."T(F"4``1@`-O1P4J`/\##Y``[W8!
M%)``!$`#)Z`#6U``?^``!D`##,``/:!W$^")&L4&L0(#H[@"1T`':O`''\`"
MC9`&ZJ$!V1(!9]`&#O`!&64'"%!QMG`$,CB-^%6-+[8$<K!PF*B-G.B)W@@"
M)$`%:P`!,M`"$V`!+Z``.N`!"O`"7@`OUO`%$[``0L`%'/`&:G`"6=`(31`!
M(A!(=/``3X`%1F`M)-!T?U`#"L`&8)%3%T`%<L`9;48`:=`-08B1VZ>1+P8!
M_T8+F>AR8,:-GP@"",`(`A`&%Z``0_`"$^`(")`$,\D&-3D!:S`!`=!%1W``
M$=`(WO@'**``/^``ZG`$`7`",$``KW#_!VE``1;`!@9@:5^P`!*@!VTP#W\P
M`WG0#7C'E<'GE0Y6!>'0#6,98F!F`&4@""C`!B#0`\C0!@P@`%GPE@<1!'-9
ME]802`O`27SIEX"9!7=P`!1@/Q0@`4]0?,>Q.DC0!OC@`1%@"3FP`G#0`VJ0
M!M0Q`Y3B;!<)FLBEAJE'D1^IA*Q)`GJ`?4/PFLCP`!]P`&]P`FIPF[DI`1I`
M!P50'VO@FUW0EW\I"#:0!6ZP!@BP`B%@'A=@`"IP`6P0`Q"`!E0@>`2@(G\`
M!&1P!`9@``P@`V+3,M?0`=WIG>"YAN)PFN.UB3%0``;P!`>``UBP`CSD``10
M!GIP`C6@AW=@_P%KH`8`<`2+]`4>L0(=0`,H$`,!P(9_$`,&``%_8`,LP`*8
M0@,*F08L.@!B``(0X`47(0@ML%1!$`)<``1(T`5+*`M;Z9WR)IH?-@?B@`,V
MT*9N^J8MH(J,`Q&@$(J,:`=3%@1=V&XZ8`""$`,FM@$X$'-U@`.2Q(BL4P`F
M4(:JD`,89Z:AB:;Z=0/B1DDXH`?ED`-$,*:Q@`4^$(("(':0NF`ABG\1TEM`
M(`%D,`-7(%URL`<"T`1,(*JC6JI5QP/B20M<"*B\VJNOJ%A'0`9\,*S$R@=S
MX#JELP,U")JV6G68R@TBP`'2.JW4"J2*M0#%FJW$2@97T*H<\`4ZL/\##B"K
M:-BL2@>!MH"MVDJL,\!#B=4$ZQJOQ>JMR@<'L2JKM#IUDOIA'%"ILZ"N\=JN
MB@4'\EJPZPH!%G``.@"KUF>#^_I@$K`ZUP"PZRJPJ&,$&&L$<BH*.2`&8!@+
M6Q66C>JNXV!D@C``!INRZSH'5P`!<7``--@$Y.IJY@IT%<!LZ5JP%LL`D1$9
M3!D*1Q`7MA`$2Z"'LY`#!1`"?_@%R(`3',"A@B``"4`"*W`'8@`!*'`(#@`]
M.``#JQ,'*ANV\DH&+LL!,.L`^3J"#ZM?>("SM4"QVFJQ9GFDTBD%D9`!!^`&
M=Y`!0A`A.W<`'G`('5``@>NH2.`!"U`N.'#_95(A!0-P"G_@!@>`*H[;M(*P
M`%D`!%AP`4*0!(VP(9TI"'5`?A[0!0VP=O&2`S,`9@/P`5@@K&(;N_&ZJJUJ
M`?7J`Z'J>`\;!B<XL3KKK@S`$PW0`C7P`'_(`%S@`0E0+WC`MQ&BDBPP`0WZ
M`"SP`!H``@QU`G;Y!UN@!03`!3J@CA<U`(L)`TPKOIXXG>HQG##@N7\P`@]`
M`:'[!V*0`);S!!:0!16@`2YP``[`5SB0`"T@NP2LLC,@`;,C!SHPKOB*=&N[
M7Q^`*CDKKQ;;!A-P`1>P!0Z``/;S`"@I`S7`!S#@!GTK"!B@``+P!1@0`G1`
M!"N0`$S0!1!P!V7`_P`X,`$Z<`$0P``0L`%#,`,),`0UP`(1\`43>0#P^(=:
MX`4XP0*>2P,$X`)D,+\"0`?M=0,F\`5L0`%$8`(CH`??,P$O4,!D'+LS$`<#
M$*[C*JHU:W,1S`UPFZURJX\`P,$;\`!;\`#`\'4`4,(36D(P<`!>\`;=`@,"
MT`-^>,@>8$X7$`*(+`A`D`)=T"WSZ$$/D,1WP`+;F<F>RP4*<`)TD`!)XP%M
MP#<\0`:,LP(U``/_5RX3D`1E',NQR[(N.P`%$`8/K%]O[+L4[*YS6\<X@`XA
M<`%&R`25X,<-,``9<`(1X+U'8)EN\,AV`'\F<`8Z',@;8`$ST`4J``)Z(/\!
M#K`#8E`&G_2''Q!!?^C$?V`&W<H`#]``08`#9X``1!`#?20(8N"Z#V`&3^`,
M":`&LAS0L8L'2I#+NBS!;_N[VZB/'7`!$Y``;[`(70!+(>'',`D#77`""\!'
M/7!3C_P'!R`$'F#-A>!Y$X`!H0<#">"_)`!+)\`XY-O$[BL(G/D'*^`".2`#
M*$0!=@,$,W`$.?`$"``#A_```RS02"VO%6`%!6W0Y+7+MD`#-C'55%T`+GBY
M)/L':-`K-9`!&^`!`R``A@K/@K`!1#``*@#4-C``+W`$=6`#^8,#1!`$=;`&
M(O$#`T`$&V`'`I#7P^/"D-`(`=`&874Y0Y<!Q8?_V'.C!E_`;':P.']``S]0
M?!;@`D&0U)B=K4O]`4Y]T(L%B$I*#CC`!N&0V:;-!T6P!)T]J3G76[![V@%=
M`:F]VFSKMJG%`;`=VVV<>G.0U;1@9"`0W,(]W,\X6`<0MA7``C#@!\-Z`T_`
M=GR0W`9@`L1:!#=0QE!0!:I-V_H5L=Q0=,85WN(]!F)86#X0MA?0!<[Q!$4P
M`;OP`'AP)@C0`U90`28@)F1,T-SM8+O##4#`81ZPL8?5!V%;`@8``U,43B;`
M`D+P`4)``$4@)S<01PE`P!4`!3Q@:@0P!=58`.4M"_^]8`&N6&(0M@J`0B8`
M!440!KZG`%.@`%50`6T`_]\W@$*RN]09[FA30`$*8'G,-05LP`+D10`1D``7
M,`47D`5*G@5"[@<L<`$R$&L_6PLAKF`C[C(#D.6/*P(^@`J5QGH"D-5W``EG
ML*>7@`-FX`@+L`!V`X0!X+9:%P!&<`@0T3&(=C=C(+*D<`4I6P$W\`"%T09X
M4`$PH`N_8`(54.3#"DFQ*]O;[6@/H@N\8``)0"OD]14^0P%9T`,]$!I/X.33
M8`"F]@%I[M\`+J=9T`8:L.H.,`!Q66E#9@?*LP$$\`5W@`6XG@9+%0-`X%I;
ML`92[%IW\U<X@0(:8%1YHD0H,`'VJ(."4`-?1T$M$`%9H(=$,)`Y8`&H+`LX
M8/\!*6L%65`$\2L$!L`"4+`$;W`!;Q`&>!`FBU[AR'T#C^YH5)0`3Q`!!,``
MHW$!Y/5U4R`$$<!<+-#24R`#T?<&HKYI8<"IL5#E]W7E<_L'KIX#:D`%,O`"
M.0``8<`"7-`""D`!37`"9H<"<K[Q/'(%+8``E]S#6#``>88$%^``1*```;`&
M@3R@-"#CC>`"(.67+%`&+`P"-]!F`8``>AX*+9^R4%`"%!"_;T`!"'#.0@`>
M4/X&+/#NR%T%R<:SVF$`'$X`ECY>!%`J!NX'4^`C4S`%/'M0">]H)B#@5'[J
M@I`%QRD!$B`&KHX$/5`&9>`],&``!0H')/`$.@`&!F#_`P^``09``1#0`US0
M`X8)`SJ@`&N>!53X!RI`!T%@!`?0.`^@`^F)`QI0G(*@!C90!RL0`5?``"GJ
M`'J`!9Z`!0@P,K&P`RIK``IP&P9@!6[T1Q403CV.!\/*`'2@LOI-;;_P!D+P
MZ6#/[^1E`(">`%-``$_O!T_P!C`03PQ@:G78#0YO7U<>`3"PZAJP!JZ^[#(@
M`PI@DS9P!P(@!M#!!.;Q!P]P`"2P1A[@`8CL!1H`"%@17VD&?X<A!(=U.A%L
M?SDM!!,BAX<@5A,#.19#(TL`%R=`?T]#EJBIJ6-7?*ZOL*X513!6KG@W1:]%
M)A6O>'BQPA50'W['R,G*R\L3_P\/!D(P?@0E%\@&709^,`@L%"4$?A0*"F\I
M$\SJS#NJ[N^60'WS]/4>08<4IY8#$Q4),ZYL\3`A0`X10&`,84+BR)\'!]X8
MI"&B1P,O&C@Q8,#%4J$_6*HD.$`*#H(ME2S12$`AP(9#&U8TZ&&!S8E2$."]
MZR!!F,^?0(/**L)CG=%U#X200/#F";423B_T\$.BRX,W$:;TZ*+,P!MQ1]<M
M":"S;+QZ:/O<.\1`AIZW(_K5F(!!0!8;/2`(2```A@8?#1_J:(-'`(45%@VP
MH;&&!`P;EN10N-.`Q("W;A"84*''PP8,(+2TP:"GP4L/<X`@6/'D1(X'&,RF
MJL-!J/_MV\*(AMV=C`",-P@H3/'#`H:X)PK\2)T`@X4?!A24L6CCG/<R*TAD
MEY67EM[:/QK:T!DOQP$!+"XB1(!@YPN=""YPN*"@@PTI#1X<T&FC002+`%QD
MX<`&?L5@R0@4U/#"`^,Q<$`6X]&A!0X?K*%%!./)@,,?&!"1@PH,?&"$&`C0
MH!TJ.^"FHE"S+&'=B^-4UU46,-:(C`3XG/A.%$CTZ../2-QA%A(.'=)!!H><
M$:0J0&3P$DQ(G#$7`*ALL(4).J:R(2HY%*!!EH>8T<J*9,)2P0TVIJGFFDNH
M`.:;<+Z)PTFJC,!!G*KDP($1;V:P0IF`XE'%FH06RML')N+_J>BB>8(@)*.0
MIG)'BH"J2(PQAF:JJ3)71.KIIZ`NVD*EN%VZZ:F:+@%'J*RVZNH[(,1!*HM6
M8(KJK6L6L<"KO/8*Z@8"S!J4;K@6FZ8%6/BJ[+)XBC&FL&::X**QU+[X01/,
M9JNM=G<<`*V9:%8K+F\09+?MN>BFLL`<W_*!R[3CQJO.$CX\F>Z]V\;P)[10
MA"'OO^K<@"2^!&L+P+.50E$4P`PGHT/!$#.[P0"D$K-PPPT7D6C$'/,*``2`
MMH@QQDM@\&C'*+.*@PYE5B#MR!A;`4+*-+,ZP@PKG@DOS/_RX&;-0'L*+!FE
M^LMSPW%L&?32B^)@P6UX*'%TPU50_\GTU8HN@/`PQ4S-\!([Y(CUV&!N``>[
M/Q5AJ]?RSM`!V7"#"4)MPQ#+MKQ5F!'WWCHNT%.T=P.\A`,Y\&VX67=X0+0L
MX08N;QSV'BZY.U@X0'2_CO\+@1B3=^Y.#D#(T77F\5K10N&>IX[*$160'B\/
M'IRL^NPB6.%ZM3Q@._ONEGA0Q.W%\J!#Y+S/WL+OP)\:QL/%-W\'`,@G;^@'
M<"C=?/$>#"H]H<+;<?WW?P!@^_9I*L$$^.@O$`?Y,"[!1PNRH]]\!G'LS+Y1
M$JPA__YWZ+#V_<L0GO7V![X[]*%Q`$Q&%3Q#P`;^000K2"`R/L`!<SFP@1W0
MP_CN5P$'O+OM@B!L`00NECP><$`,J`.A"IO0.N!]X`J[4J$,#Y&##OC@?W>#
M@@<&.$,9`D$%&YP:#^)`!.+UL(=W,((/9B`UF!6!`T3H0`J/2$5+@$``$FCB
MOY8`A0.XP8A5#.,E?'"%&]CO5A^`P@!:(,8VZ@0+-"#"`!"H*1[,00]K`,(4
MW<A'=]Q!#!Y0`P=F8,8:\:`($AB``Q;`PSXZ$AZ@8XP-!"`'#I#A3,NX005F
1L`(=""``4CC"&1XIN4```#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>38
<FILENAME>o68633o6856302.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856302.gif
M1TE&.#EA"0&L`.8``.KIY6QF8IJ3C,7!O+VYM%M54WQV<J*<E-'.RH)\>/'P
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M@B`;&_O[^OOZ^4U)2J:BH$9`/MK8T?S\^M?4SIZ:F.+@VZRFGJVJJ$9!0$Y(
M1=+/SN[MZY61CZJGI-W9T_GX]Z>BG:.?G<O'Q>;CW\_,QM//R:6?ES8P+_GY
M^/W]_?[^_4I'2.OJYZ>DGZ>CH24@(+VXL./AV]S9TI&*@____R'Y!```````
M+``````)`:P```?_@']_4F(35'\9"&AM5X)_+A^"9@0J;HZ.;V=04RV7GI^@
MH:*7:@,45"HB5S$]EU,(C:.RL[2D'W.UN;J[O+V^'3=C-P$*%`S"*1D`!$MY
M?U@!P602CCA?#'(,/PYWOMY_!'(!,DL:,3<PEPP)2=_NGR%9(._T]?:Z.$%Z
M(2D_*EM+X$0S8Z`"BQ1_O%AI$(+%"CJ"7.@I,4"*`18J%*#9<,9,A!10"*CY
M(T/3DY%`&C0`<BD"FA`-?#CYHV$(&Q`FQ$#1,N-.`!8'[B28\("%A0B.*EA8
MT0#$'`)E_IA1@500`)!3&GU8`65`HR%0-+PR\63"BC->ID!Y\R?)A"(K_V:H
MF3!!Q<HY":S0,'.OKU^_.-Y0^$-!C@`66FJ(8?&!#I`;"%/<F+?%0;L_!UB<
MJ-%#@=PR+*PP./'CQPT]"R)@N\'"R`;1#*P,%N2!A6DK`?[HL2)'`P<K8RJ0
M><.`10`1%5`X8,&@35(6-^3H4<*AA!,55JC],5'ZAA4#`'[(88UF0@4&Q2W$
MV`+<BN@?5O@8`%ZA0`<R5K;\8*"C^.2_``;X3@SC><$"&C2Q@!0"D/U!PQA*
M_%$"!R8(D@`+$O30P`TWY(``"PN8<88>("1AP0T4L&!`$RH0L((>#7BQ!EN"
M:,#""$X8H,<,>G`@!1`LY##'"!7`((`5?P!0P?\*2K#PP"45+/$!"`?E<,,`
M!I`!T1]*X`8"!1J,P((0+RPASA@?N*'4>DNH$0`#4CR@QPCB-(&"DV208<(#
M<E``PSX"!BIH+1E\8<4.2BC`PA=T%!4)@Y'=$-4-E@F261LX4#"?$:!Y\$=!
M&?R!P0\AG$&"%7JD$(4!K/56`VTL@%!#"E;$H$<"/:0851D_K'!DDDNZP`(1
M4%K0PAWK."&'`3^,4,T99.P6A!]6<!!```XLL00=&?R@WA8%_.'`%G=0H,<!
M/VQQK0,PD!&N,7X".NB\]#I"QP!Z+/%$!Q<P@*@!#%0(Z1\AZ/$%"%8D(PC"
M'$Q0Q@*M?>CIBQ10-\;_``&PL4)T%%C@@Z$!X%`C"QB`L,,//=S:0P=6!"%"
M`WJ\\*N23+(0Q$R"5'!#&Q180:P#<OP0@R,2+(6&'0P(L2@0*(P`,)A6J#=&
MN..6JX<*-Q2`@`I'<.$N80SX:04:G=1K=J`S+%?!?CZL`=VMH0Y\Q1;G3>?(
M%6=8P4(%>OS`*0N>?D#">0N)($<%IP:`KQSL/03K>%8<H1NN/<S'7@%JS+QD
M#!58,4!2.HL721XLE("+53<@KH<#`*2^A1X$@."='$:M1S6YYIZ0]QAZ&"#!
MU_"^H4<%49UM_%\X2`#'\DU$40,38<"Q90MI1"&("1.,,,.KCM00@0H:)"$!
M_P`]P(%S#S`\``8=G!%`Q`97U!"%"B-(P'V"`Z@`1QU_,`$`1'380!C>T`@S
M>.$/5V""&6J@@"8<0A`=B,`)5+"].0R``4^ZQ%.(\`:(9&``1/A`#4Y@`QB\
MH`(),($4^/`'-TCA"E1@0@OHX`8AZ(!;$@##'ZC`!2K4``!-*-OQADC$>M5F
M'@#B4P5P5@L85"!H+/A<$:=(Q2J&P@TY>.!?.B"&#>RB!BYX@!A<<#\KFO&,
M:$RC&M?(1F]<(!)MC*,<YYB+'EC@"VK``P/(H(*1R`(!2]#!'C@@`@J4```"
M<``O,K"``&"!CI",9"\>,(T]H+`$L)N%$BRP@1S\8/\#AN+#`_S0"X0A49*H
M3&4H2$"#.:!`#A`8`1I<X`@Q,*`$+!A#`*Q`JA=L`0:>!&5\C+"#/[R!-7H(
M0BG<M3<*`.`B++"/$PJ0&U5:TYH?T(,/:J`#\3A@"*?[0PI8T("\<"`'%3``
M#*P@AF"&T@`D:`$)R""&O(1@#SV:P@]VD(/>L>$&#\`"#?00SFL:E(XZJ,`3
M$#B``NQ-!XZ@50Q"((<U*$"7ZVSG)]])`A>,[0^V\L,>_/$'#A3`!X@S0`.&
MQ@86`."@,)UC0@GPAP%H8`"O-$!$:T51BV*4G>Z,#SP]F@,Z2$`/2-A#GTI:
M`"40X`CX,4`-6GJ!F%J5C0#_L((6_A`$*RS``15`B"`DVM.+!B"C094/";!`
MAA^<80<LV(!2!V-2%*0S#GK8@4`KL*6K^M6,-2B``4Q@A@1L80L-T.(3''`!
M"1A`!RV@01PZX``@Z,``,9@`8\-``Y`ZP%TJN,(&#!"5%*"@)$L@@P.48`82
M2.ZOL+6B"DI`2S7`@`"/=(0:%$`'&,ZA#DYHP144@(4Y4"$#<^!M$G#F!!G`
M$0=4$)D)3$`'+$1`!B:HP0!^$*'8>K>(24!".HA(AQP@(53?3>_QN%7$&F2@
MK^J-KWSG2]_ZVO>^^,VO?O?+W_[Z][\`#K"`!TS@`AOXP`A.L((7S.`&._C!
M$(ZP_X0G3.$*6_C"&,ZPAC<\Q!KTMKAJZ(&(9P"`$E]@!E0PP1S@RV$$UT`-
M5+A#FL`@`2FXH`\X)H(?=HP"`1S`!@^XJ1<NP.(6]_?%3HB""].`XR8[.<<[
MCK*4D7"$'C]@`DJ(0BR,;-\:7"$),X@`&)C\Y#(W6<=23G.:CQ`'#;S`#2;@
M'Y?C.X<9?$`*9#:SGON`9C7[.<I'$,`(>#"#(L\YIADPP9WWS.@S__G14Q:`
M!B20A#(>^IITF`$?\MQH1O<9TJ`^@A#@4-!+HQ(',Y!`IU<-95"[>L=(.,`+
M^&)J2'K9#)MF-:L__>I00P`./JQU'.M@`C=P6M>-YG6O0_^M/O0*&XTUP`(`
MCHWL9"_[VGY``0&<]^PS.D'5U4:VLK$-:@P@P-G=)N(<IAWN:H^;W)!&@@:V
ME^[U.B$&[0[WN^$-:0@HH=3U%E2FI9!O??.;W!@XP98#+B#WLKO@[CXXN8_@
M@0HQ7$`X<`/$V[UOB4.:"`JX.(!:@.^-&]SCY+:!&RPM\F_4H`5@,#G'40YO
M"$B!Y2WO10]B+O.3TQS;!X@`SG->"\Z`N^<1_SG"5T[T7B2!YTA/NM*QC8%N
M-%T7:BAYU*4^]6L+`8Y7GT47M+YU<7>=W$C07MAE00<`E'WF9\=V4A>^]DO4
MX`+4?GNG.Q[W/Q_A!.BNNR"HIW?_G_=]V2B0@N`OT8.C%U[7?#^\GP]`:\%?
MX0./-[SD7XT$"EB\[A>X<>;-OOEKHP`!0Q?Y'`@^>M*7?ME!7SL-6\_UU[]:
M!6NG`NUK;_M0<R'UZ;X"ZW>_Z]Y?&P),%'D=9D!\UQO?U4B@4<O5X/AP-X$+
M>H_\\Z.,@>0S/`H%AQX'(,`$',-A#WU@D1#6KP$NZ,`(*8`#Y+??:R2$(/#I
M;D'UD1V$`NQ@"1;0!!Z0+7WP!D>0`(85`'M`!@D0``7@!<5'?Z]V`"]U<6Y7
M<`6`!"B@`2C``RB0)TX&`TM``$)``A-`!#?``Q$H@:"&!)O!<!DP?.UV!%,C
M!!#8!QBP_P1-Q@4[L`#N5P(E<`,6,'\LZ&H0$'+U=G<;UP2#Q``<`($YV&18
M`X%Q0`8V@`(W,`$K6(2/A@0(8`])H`-B.(9DJ`.*%V`9`'7Y5@!&,@(W<`(X
MJ(-]X`46D``X9@!#V`=DL`);R(5_!@'V<`&@M@<"1G@0%P#6L@,%(']1V`<#
M4`)$@&,'0`9&\"`#T(=^J&8H4!7O((B01H@!=H$0-P$6H%H>@'U[(``X]@)(
M\`(XYH$.X`!K0(29^&=(,`&&Q@N>^&B@2`>G$VVY^`ET(#*[0`?!N$CX]PTQ
MV',CT`395XN09@.?]PV[^&>@*`%?(`@],`)6-PL2H`+`!PHO$/\)9?`%4]!X
M!)".!%!5@O`!;(`&,_`':N`"[#@#(3<)Q[@+)M!\^:9]7(@$EM")@R@($Y`%
M@J```<`$&7`%/7`%&4`%,_0'.)`!3M`.`-!!(E,#<^!E,*0&5^`$K>`(5%`"
M)D``!1`'6_`2*(`"-"`'!R059+``-!``)A`$)3`&(H`##\`7&6``LD(/='`'
M_`AWT/AG$T`/U>AGH%B0!YF0$X"'<&`$'+`$8E`#"6``UN("&R``'=``?]`"
MK/,%%O!_!E``'.!L7[`"?V`!@R$#)[`E&"``Z`4$'#`'.)`%>Q``;H`".3`!
M`[`E4-``=.<+R3.4FE>44G8`Q$B-`_G_!TSY!PC)!$)0`FT```$``CFP`W4P
M!F<@`P[0`$/@`">0&U1P`V!@`0X@`3?0``A0`&D@"#,0`*^Y!#O``3L0`J\B
M`25P!]Q3!F3P1C>@`6?@`$\8!G=@!A!!``Z@1=_0`H9YF(C)8Q7(F)](D`8)
MF0DI!`N0`4FP`D90``50`R40%4%0!*$YFCMDF@;`!G^0!0-`!0X`!^VX!.W`
M``WP`2G@`%>@!D:P!I?@!&,9`'(``PHP`$K@`2>0`N=T!0C``>SH#F;PG+P7
MG7Z`!&40CK.0E&H&BALP!JT``!P0!4)0!([)`!K@`0%0!R4P#^5YGKEA!@P`
M!@G@`^WYGO$Y_Y\5P@'.L0%+,`<N0`:7<3T(X`8?0`9G"``0L`<&$`%&"@<.
M^@[>(Z'.1Z%1)A+NH*%I!HH]0`8H``(+$"XC2A@D``(!D`5.L*)<99X.T`$%
M0`%W(J,TZI[P*9]?:0%L00,64`8[@`)TH`$%@%X#``<?$)PI$`"X4`-$(`(-
M*@`D<`=3,%CO,`=\(*6T2*51)@1(Z$:-^4-G8`!?$`DBP!(M<`8)@`!L4`8$
MP!<(``01,`0U0`$)(`9HX`1`0$M3<`L#\*!38`%_L(T&0#9_``(#P#U`H`1U
M``0+(`"T-@>S@0!?(`)_D`!LD(SZ*(.4ZFF6FF:;Z`Y8(`/>^JW@*O\#E8<(
M/8!_&3`26$"M=.!'LV`"`8`4=-`#X3@'6^9>GD`%!B!"[\!\U[IJ_NB'1]`!
M?Y5E]J``7T@/HMBOV)JM4>:"IJ9Q"FMM#!MEL^$--8`#&)NQ&CN1_[5_$?MD
M_^J'#["8O6`"'G"R*)NR'O"2_$4'UOJQ(#NQ47:$WT`%$'"S.)NS$/`"_H4%
M+PNSCB:S?G``8-<+-JNS.LNS_66(0%MF(<N%`J`=OG"T2(NS2CL'49"U4>!]
MGZ``)+L+J.8+<>8-W#D*3I!W3?NT12@`9SBU59NS2GL":U,:"R`+!2!]O+`!
M'-`+;Q`'S#I/%+!P<[``AQ`%#]!'(/6%=&#_`=/Y"1?0M'JFMD7H1=Y`M6^K
MM(\I"%1P"$D0"340`B'0#G9P`I=P`CJ`,UYPNG_@!&8@!5(P$U=P!S-P0$YP
M`JC7JR]PNR9P`F]Y"1;P!#,@!P-@DE)KDC_0#0FP`'?4`RI@=4CP!8,9$7NP
M!S!`%SK`NR\`NCRP/%[0O=CWG)++@I3KMF][LYB[!1W0`4HP`RO@GT/``3UP
ME6/9`Z,K"%>@O,1Y!1C@`%CY`1Y0`@E@!`9`!T-@`">P!`K``0:P`PW0`P%@
M`/R;!`%@`0^<6U10`!%`!22@`@\0`&`G`D0@!]U@`!C0`$8P`3J`7IH5CZ#`
M`V\;!D1`!",PPQIP_Z(4,+W5B\+7&P(\P`--T+U>P`1"+,1<4,3?VX]"NV-T
M2K[EB[GI9``)P`,"@`%_\`0K2@8@T)HO4+]?20(/T`%Y\`%;$`(=8`$8\``<
M\`$QP`!F4`1&T`9CH`$68`)*D``4<)D(P`!*P``JP`1Y0(PGL`,>^5EC8`',
MJ1K=$)H6X`4V%P(B)`,<0$N@,`'E6\F6?+,/0,,G"P.<?+TG`+H\S+U!?,1F
M%KX2"%&5:\F8>YU_4`-37,4E\`2(0P(FR,6.208`7`:S3`)?\``D^@<%0)=#
M`,<)D`..D`!R0,M+H`0ID"=L<#H:D!MM0`9.,`,[@'N.@,C=\P!O8`!9L/\$
M`'`''("WET#)EWS.Z*RSZR<$80##,?P`F7RRU.N7+_`"-I#$?B!%3'RYUMD]
M`L"G6E`"0+`$5*``&M`'7.P$!T`%(+`$,"`'6XO"OBP(L!H`9@#'.9``R;,`
M!V``FXL!:>`!`*`$0B,(.K`#5T`!'(`#6&``/E!<KZ+-[1@&H^4&ZO0!B!(*
MYIS./-W3EFP#&(`"^)S/-:O*_2P(-=`&<J"()=`"%K`$_I<$7#P'3UT`):`A
M66!2'S#1?_`!&/0'<-P#)5``)+`"/0">!9!"4%T`#N!')K`$$3`#:.W!'H`!
MH2+3HB(#2;``9+`#%]`&%L#"G[#3/EW8A1T'03W_U#NFM+Z0!`/PV)`=V0,@
MR28`K8XP!T`P`1)`#0K@EZ`J1#,P`4\@`S60!$,``Z1-!7"4`4I0(2U`2S(`
M`VTP$A$``T,P$S%0%@\J+A10!Q\@VA^P?/J*!4JP92X`$3.P`=W0`#D0O7^@
M`X8=W3P-U$*MV#LVOOHU!`<`<+EP!0E0M)X`!SYM`P)@`])]R8A]!-8M9=C=
M8N+-TQA0`#\0`!@``2@`A`L``?%-!C00W4"MWNO=L*=D9!T@!.E\`-JR!#=0
M`A@@!Q;``0QP`.!B`3^`!.,M```>X%'&MM]`!RWPX2`>XBWPM?D%!@:.SABP
M!11<!31@```,Q4=0`0(`_P$D$``\?0`ID.$_%P1/;0!^4`57:0`&,"T&$``)
ML&,-:`'30G,8,#3>('RN&^52+@76TU]W$`;I'`<6(`=RX``"L`-[!!`T4`'F
M;5+H'`<Y'G=O<AX!0`-;P``WP-\.<`-P?I7H(0X_1X'?@`6-UKCZU0)$D,Y`
MC0$EP#A@3M[#0.80`)[HG0)(<'@5$`!+X``D@,Q'[@=!L-0V60!C0`)^<#(_
M%P9"U`M\SFA^KE\CD,XHP`!'\,`,X``%``$'4,AZ4-Z44LEQ(`"/+GG)'),T
MD`##XRT+T#N?_@,(F`!C4`(_IP+Y*`NEOF<5.`/J2``GT`.H+`I74%`BX.=2
M\/\!&2"OH@!G&6`&,>`$<M86))L$$7`'H<*=Z(4#$/$!@LT+>W#@!<`A#+`$
M&)`UG7X`!;`%07@`56L#!Z#KI5<%"[`$3Y36)5#D2D'L`?`#09``9K(%58!R
M2$!3>][G!/D#*M$`6B`#/]#*.)`$6^+A./"J--!;R$4`/(`(28`+%``$".``
M6!`_?]!;CO`!%,(&)0#KFU$#=T`""R4(%[#`.X`!28`!.Y``3F"R,_$!%C"N
MN@#=Z9R?*C[C2.``%H`"^HV:%HZT!:_CDD<#'+``);`#Z90`"+\-2E$%''`#
M.V``>(H:*'<$Y,P+SZYG%9BY)#'R)1$$(^#A%+``*W7_(DJ0R6PP``>$!S30
M`*&]`5#P`S#@`R\E`]A\!2E`+"?E!&R0``])`S\P!8Z@`@X0`0P2`@[0!@$0
M`@.0PH+@`!2`H:"P`3UM`T@0!X*>Z[MN>V.^`VF_3PP(5@"3UOZR!0P8`'I`
M`RB'`I;M#7MO9GW/`#,\:"*?`0B(-3Q3`AK`P`8P!C)@!P4@!D7@`PV%!CM@
M!`F0!V<@!VW@`%I`!RG@E4G"`?'X!!=P!2R)`VL`"`$.4W^%"0U7"C<#`0(E
M7D)F5S5_#0MSA9F:FYM@1!"@H:*CI*6B-@<H?JNLK:ZOL+&Q#G)Z#`$T6W)R
M!54)#'(D-`DWNPZRR*\849S-_\Z%6'W2T]1]`(43/PW;,#(_&R5!1@50"2E_
M3B`Y`7]V3W]%/AP4?S,A"7E#9'1,`4H[%PHI68+ICXP%2R(0"/#!`J%"%E)D
M,#$&C@0,7A[`R6&@PQ\*%DP\&SG#@ZF3*$.A0H$DF<N7LJH@I+$JR((%K&@L
M"+)*)XTJ,).-$#FRZ)]HU:I=^S,ABR9O+Y;@(1('2`(M?]28P</.S@EX/DI,
M^-/C#CY]=.@4:,`A0Z$.)3#!*/!EQI\$/VY4^/&FT,XK%VY$*/1!2!X'(\BT
M`$G4Z*8,`U)*'F4#@ZJ@F#-KWASKA%O'SY`FG;9TPHT0J+UXF['C@00#)]AP
MB!$$`_^>)3.\@EUAP$N#,V=OQ+A[XPNE/Q$*B%QB!+4,!1\^!-"B)L0%`CL0
MX.&0Y`\=(A(>6/`PQ@2;!3U`<VHR>7)EEISCRY\?ZX@+]:%'4UL*HH"#_S3<
MP0X!#@00A`D1++!#`!(`L<0;"7B$Q@`F&+"#`Q'D,8$$K?U!P!+#%=+#`F-Q
M((@#:'RV`A!_?.%""U\$$,`;E,R@0@8SI.``##48X`,=^&GR07LHK43?D4C*
M)X`"039#!Q501BDE%>D5U<,,=1220117_(%CEYO@,$-!?]3A1`\FG$'#)B#L
M`*91&2C072$XO%E("P$,UF0A)IA$)"F6)2GHH$$)L>>AB`;_R<8.(G"BP1V)
M;@)'7XA>P<.?*@5*Z*:<PL)#I*"&NLD<9(IJZB81"/%G')IVZFJG`C!SZJRT
MUHKH'".TQRI\K_:ZZ0-JV"KLL,0V\X9D[_FJ+*%(A%#LL]#6JL`GIE1VQ++8
M"BK`G-%VZ^VA5\!0BK79EHOD'M^FJZYZ?*@:R@$87&ONO$I*L>Z]^')RA9_P
MRDOOOYN-P&V^!*_K!03Q`JRP9D=L4/##ZRH0QL(48_:`$Q!G[&T-(53L<3)'
M=`"DQB0_2X40'Z?\2ABEENQRK?RTI++**-C[\LVVSF'#S"JKT#+.0(?JQF4\
M4RR`&4$G;6H&&A1-,1(#*"UUJ"8<_^"TPBJT,/76B89`]-7E8B`!UV3OF00%
M8)N+Q`DXE.TV?C-8G3:V(]CY]MW/U"&%OW._>D!`>`=>5`@R]PUKB((GWHP:
M'A1N^*`HA'"<XI1KXL3.CP]Z!`S!5NYY)D-FGB02!&C]^>DUQ("!Z$>JT/GI
MJ+LA`.OQ(9$U[+A[U\'LM&=VQ`@*3)[[YW1XP7OO,&F`\?##\Q$'\BXAL<?`
MS,->PP<C.`Y]*RGP8'?UN#O1]/:N8)#&R.!7GX$.7T,_`J3IQU^'$G(CCX0.
MC<4?OP(P:/\X!&/3GP#_4`,U;"`._@,;!F`P`^$-,'XU`(`&^'8U)(1!!)]Y
MH`;_(`$()*8P90>``_HVJ,$:)&$#J^.9`%[@!`>2<(-)R,@'Z14'.%#OA3BL
M`16XH((4_DL`#T#`!4:(PR)FX@H2@($/LR4`"BCAAD:,8B;H``8-I*)71\"`
M"M*002EZL1DU,,$'0B"$&<H'`P.(`16Z^,4V/F,.$2C#!$9PQ<P@`0-AH``0
I))`_-_K1,5<P010BH(004&`$J-">`&P``0W```XR`(`"7O='J04"`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>39
<FILENAME>o68633o6856303.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856303.gif
M1TE&.#EAE0+P`>8``.GU^.SKZ=3G[M[CW61?7\C6V];:YM;<UM;=S(^,BO7U
M]<S<Y,7+V=?K\]Z2-,[EZL?%NMO;UU6?PN7N]-S<W+2[R:>JQLG(QKG&RIB;
MMZE24^/>VKW&UJVVQIRDM-WL\]7<W+JYMJ2JNM;6T]SK[;B\U>3DW-KE[JNH
MI=S7WLN\L*JVNO'OZW)SB969JM36W<S7S?/S[Y::P]/CY=S7U=;G\YNDPX2)
MH[?&N?O[]^GUZ\G/X;2SKN3?Y8:)MZ:CGO7[_(-_A"PG*.#EY,&^THV4IJ";
MF(^4MZ&?MK&MJM3LX][G\J[`Q]+/R\#2U_#W^JVTT-/.V:BSK-[MY(G`,+O1
MXH+"TZ*?Q/OW]["NR>+R]O7[]+[1S+&LN)./N-'1Y*FMS^'Q[)&/JO+M\_SW
M^YFBG\_K[T([14$W.*;*U:C6WB`3<[2QT9K2X,+BUDU'1\'AXM/K[_O[^]?K
M[_O_____^]?KZM+KZ]+O[_O_^OO[_]GO[O_[_=C:UM3I\/___R'Y!```````
M+`````"5`O`!``?_@'^"@X2%AH>(B8J+AGQ\?PI_=(R$CY(Y?).+<H*:?Y:4
MH:*??W*/FG6CHJ:JK:ZOL+&RL[2UMK>XN;J[O+V^O)B?F:F%=8ZEPJF.QXRF
MCWRFQK^-I)]R<G77@\2WG-/?X.'BX^3EYN?HZ8R.=*>=A9;7R\_!Z\NESCGB
MEI/S]Y^>9*4R%5"=P8,($RI<R+#AN!PH`CP*$$*B(0@F<N23HX!/B!B4^(Q(
M0O("%@47](GC&,*$HQ@\`E"@00J4+#X!FF`)X;"GSY]`@PH=FJM.`"%!!"40
MPL/F'Q9(%>A[%(*`@C=-6"FJ$^1-@B`$$@0P$DE<CA%"$F!"P31$B$Q._V%E
MJVHB*=&[>//JW<OW&Y\80H3DN(HF20XC;UKHX_'F38`<%Q(0("`$,8'$`7@T
MR='DAPDC!"`(:I'@4PP"&XQ$2'#22``(EYO0,4):FRT:0@AD;"$$A5L(B-]L
MB"'YS=L+;T++H=$XA)P?78/$4)`@<8RJ+(+4L3RDK_?OX,.+%TH'\)L+$2XG
MH<VBA9$8+6"_17SA!YH`;X*DAX["(X$+0H3``A]<$?`#:*J]@1L%(YR!7Q,C
MH+$!&D'0P(DW-_W1!QJAX6=<$`G\\`8%H$$50H3XC8"<":%!@$8.F(7U50!?
MT24$BQ$<.-Z.//;HXX^XQ("&$0F$`-8/!/"0@_\)$32!!@H$!'%8`GQ`\`8?
M;T"00P)&!/&#'%4AAXDC71%YQ@\;.$;`>D$@ET`"9X1P'B9:93B"5T5>9N2;
M1H#YQFD!R%'9D$:<P0,*"?"60Y)U))&<<PWR@)H0IX75!)"89JKIICW^==]D
ML$')$PL;H'#&FR,:\:65<F#UQYM>R@'E!59!PU4"<N3`0Q`FO,$"E`0T824*
M251X'C2VS2+'G4V`FB2(1AA1Y9\$L)`'&G"B`!T/9ZB*A@+*,49`"'3<*:D)
M0KR&)`&<MNONN_`VY&D`!'R[)FCI28H"-@1HVZ>5#_+QIF0T3$8K%H.`^$@3
M^OF:`QI7QI!E$PJZ^DS_+7PPQP)EBQ8;A*I_R`FN1$)0#(&5(0B18[K)C6!@
MHAN\:6/!(X@8[\TXYZPS,`DH$,(/?Z!``PN2\9H$"\9`$,(%3?#!@A$H&&'"
M'Q=<8$(+I"710Q+>U+&T(`%X]@,6?/SPEM=@\?"'9YG@,I8<$``M],E-7#K`
M#SD8]FH,$+0P[F%AM>#R9&31&&4,&QR=P'8$M$#!SI!'+OGDJL@1`X:BT+%%
M#"J]HD!9"4T2`Q:IE&?YHA!@X8WE<?&!10[<4"[[[+3G;%-!BUS\"BN/Y(`[
M+8.Y\HPQED##@TLVM1Y7[<PW[SSERX>BR20#@'X+DZ_\CH_OE&C__/?@AQ_4
M_S'1)_)([*VT,\D%`>C29"NG+)]K*<^4C[GX^.>O/T*ZMQ+[\N@3!"BJU+X_
M!#`6)AA!):I!H)#P0X"2,.#^)DC!"IH#$\%X!B<<@:%<+2\3V'A$)!ZQP0M=
MS!0>K`G[=+&!2PF##V-"H2`PU#E\.(,9Y;.@#G?(0X&,)C&3B0`)<T4!J]#I
M#4)\!`^.AX*.E*(%`3"&#,DD&@X.L!0KS$4+9TB'ATUF7/3Z8A#`-0)B7(!#
M?KM`#]?(QC:^PE8&,D%=<#4$MP0@0B'`R,-\,X(<T&`$C(G`)!950#EL((]#
MR$$+DH"%`>0@`!>HR/"RB(LM(@-+(P@`E%P6@`2&!O\-:C3@N4R`I'JX\92H
M3"4T^#"N/VSA34-HG%=PDQP"'.4,EX$`B.J5A$'8\A.+^B(KD_"#%FP`+(UK
MWR,H>0M+6N,-(_A,"Q#PAERQ"#E-$T15L($"Q7#B@*D,ISCWEPG*H"$P0V"!
M"C:`)+0\IE]"@`!U6A"$(#2+!8(8&0EY,`*V_&$R:&!!$G23)M%\`@(%K*0+
M);$%(30F+6DZ)[8>%DHZ\$`(:("8A9@QSHYZ%'^.&%<>P&4$B@7!;PV*`1](
M@X8^0@E$S0))'>I@2TX4+$J"(<`9`FH$"H&ECX)@IBVVR`XYV!(G:(!-(<Z@
M1JI8Y1K@_*A4ITJ[<4'C8U#_^@P!T$(#>D%`"#_(3I<2T"SDP2B3`M5-$G):
M3",P9@/I&8$EA%H+9\J!#M!\S7G810@TQ"0`+*B*,*A*V,+.C@]!@(`I#H0<
MOQF'0V&16"UI$*T(O($'IL`"&H,@J<D(801!"$'!FB"9*`U($$U(:#-="`T%
M0+8%GFE!(6K9K[YIA*.&S:UNWT4@!<C#&+!3!AVZ>-M22)%^_H!=#I;;P&Q`
M(P=Y<,284E$'.M"5%D2]H0'KL%ST'8.[@_G';L=+WDSE2A\9Y,28!'@,E:"0
M0/.X:W7_@-Y5PG!,4J%?4%4[U(5>*!O2<,I,ET&\');WP`C62P/A(8[+":(.
MUYV%_S,_(<0$6_C"G#)E.>30!)#LEX4+A00$#(SA$IM8P9WP7B^@`0%\?EB+
M(88;B4],XQH+9<:Y,`4$/$PU_M;5A<1XBXV'3&3R/*5Z[_C%)'2L4OI&6!83
M]DB1ITQEAA`G.9?E`[$DT0[N#@*^=-#&>K8Q6#D8TQ2W;<<RX.;B'H.8$%XC
M!,4:8QPL!2`(<F4']_@0+0$&`6*-V4!=0%(G9`5#O55.-)'E`)K'-(A)&X`,
M/X4X$BTI@`88X021($B#)/"`<ZA!'!],P(.4#`(+.W[PDV,QX3B3@F*.D)2@
M3-#A"$0@"?+T60CH"4S8.J)+++@`J6"X&1/DL2,TN(`"<?^KZ&9?>)CHK0B7
M8(/,-$D&`@UJDR`V;8TH12D/P0IM$TBSIN""B<>KAD6K>3((Y(Q@!%T2E%?]
M5AT(#/3/VOD$:0(PA#>E!S:=?,,`O$TE7#;E?LY.^(&Q=($-PG"7(:B#9"@0
M@@V0AF(6^0.W2X$FQ/P!B#$`D0(P;HU4&S#=KU@W(<[H-R$HAF7Z4B1M1@"N
MI.2J!;44@K+/0`$T=%I&6(C`?9+J#(4;_<"Y,@X&DW#G!*!A,Y*"P!G>,"1:
M88C;2Z+S&^J042G5ZPVXM$B5T.UC[(;8U2??^DS_`W,"J$`.'SOJ5_1AYA]P
MEP!&N!.])-,L-$S=EF@P0200?O3_PE,5AHF:SH;F."ZXJR<''W-9-7Z0@"5W
M20&.6A0V%5:7`HY=U667\-G9[0CD0.,T7\5/57@2]Y1$R8"*_,$COM*@P'(H
MY$;X0Q&%9`+"&_[W'^WBG;T=`BQ`;7"3@9+?PIT'9,B)WE9J7."#<,@*+5]O
MI6AQNT,/Y=%+\`\NPYJ!C'IG""3@`GS&]1?[I!2UR6$]Z7D=WCGR1:`=%?CX
MIZI&<A!L"%!`*@%`$3^P*T&`:JEU`0K@$H,P<A!"<TU@-1<0`X)W:4L2`EE!
M/B8'8=S':MXG0)=6-Y$F!Q2P)`H0`!T1@`QH`F*W`?CT%P&`!2XA@H%2!T,`
M`:86`762_W\Z*$YAY@YC`@WI<3CR8$4#Y`C9X`W(HET<-`@ZUF8HYPHJ-P@:
M<5ZKQ(3/%0\I5#_4)4'G0T+(U8,[&(8>-5STY0ROPP)2H1(+]F7]4!,>=%>K
MXPAWU`EPXV$:^&;;P&Z"L`$;,%@&U(9<Y`P$D3R'0#ST585))H:*V$9&2$*Z
M<S''T`_U<P_V!0W6T#9@LU`Y8')N!F-PQA.64#=$V#\0]$(,1(B5P$%DJ`DX
MMHBN2#MJ-HG:,(2ER&6I.`GM<$E7E(O<,(<"E(%/V`I1B%J74F"C6%UM2(B0
MB%NHT$#3\XK0F#\W!$,<T5[,5@WL10JS*%W96#R#X(L'179X^/]@>O@'=3-#
MO<-<O*-!VG`,M(B(W;B&T3B/XB,KTC)[$)`X3Y,#'\$,Q&"$$,0'%*`DG5,\
MO?-]?P".GW=R&ZAN'4B,-1$!(,(ECY,\CS`T@W!K@A`#/\!C:_9EB4B/(ED[
M,"($'8$N09`3&R`$1K4!NM,1W;5<'I03R/('(*&.MX4A"LF)P:@*PVB.E[)!
MC%$U8($),[5D?``N32$(`\4)O:),=-<[57B-(UF5D0,N`<(5%,(P`_`BCE,5
MC0-Y7\0"G?4&*,`P(Z`6IV%QR#092="+"O2+=MB3H_"3HD@*DN((`(=,*/!/
MGO5+?#!0C_"4G=4"[?%%&Q``RZ<V5MG_F)"3E%X1!"R0'T&@`F^`+D9U)Q:8
M)/D1`;!5'34S+EA!`'3``D_W!BKP51?0E-\8E^&X?>-H0.5XCI80`M@B&62E
M(+0"&"7U!D9`-G2P5B=5+Y95<2V@`M@R1]W4!(S!8X[YG/$"(Q0S4%]A)>A"
M4RE33UZA='P2!--B)<V"5"XC!T]I>JWY9<#8D"GWD$!9#;:)`J6F`+1A"@3`
M')MA59PP4+#3*Q23$4E0;W)`*Y=Q4I<)G08*+^`R;G@''9:)+BL%(()V(EDB
M,%RB'2@SFG2`+LU2!^6Y=><IE[#IB7DH9UDQ"-N$0J`Q&+:$%1US#<%)`*G`
MGV@P@@F``L81_S0GE0!,\@/6<Z`^"B2N\Q]&4#)=8IV44I]^$P1G0#%O,3#>
MB3*ZD1^4T2Q8@!]#8)Y@XYH+>8<B2HXDVC;^X8B]4C17T03@1@#=$9A\A1\(
M0&^7"3%=`0$F-1DU]*-VVBDCP`(QD!5,P@)]U'!]H`"!]0-9,32C%H!]&`-Y
MNAE-8`1*HZA=1`-8$`/H]Z&O^6(*]8E?*D!WM&9\D",5L2PG*$^9T*E_@`5]
M)%`_@(.^2:C74#,5<:>R2D'S0#:6NJ5T*0IV&6+6<`N:)UZS&JSD-$--`)?H
M*8Y=*ILD6@BR@0L1X)S"&JWDI``H8*P@RI"QB7;M20C2$I*QP`R^)_^MXDH[
ME@`1UGJIG9BI(SH(YT@(0(,+\#BN\AH>I'@+J9`WYXJKZ@F%[-FN@_"N9#8(
M*B9@[-6*F6*(AJ`,\YIPQF""&QDH2&@)`R8(%(`AY/,4"B")\6JNM\J3^RJ,
M_<JK`.N!$=`2'"6'#N9>*$0'QCA3-1%5/D(\'C0/P%1<"]ML<G!^RY$E$62)
MCM@[9X`\+W157`-!V$!#U=JQ<_FQ/AFRA3"R3Q$=9R*3^10$_7$YT-`.14<^
MJW0-X?HC9]$"?B<6)H!+R?$5O'JS5`9W_H=W4D%:/(`24\,"BL4)-[(,\GE^
MD/<EF80%Q5*I@L"Q67JL(:JN7LJN(EL)DK'_7`&PI`H`'?]'3UZ"":"%`IP3
M`OK082'``Q]!>:GE+@H`(DL2)^@B:"IXHVJ;:$EIM10B%;!!G?54-JQA0#=R
M#7EP4H@!6M$R1HD")09%7TD[N-?*I8:KK(C[M(0`+NAW#0%83R+2=XQA!,@A
M*0D@)"R@2&BQ)O0TI*'$*2$G.-?1!.@2@.]4CJE;9`\'IQI!3\"15%9Q!B/V
M"#<R"#RP'D_7%5@A*+B&-<0@N`FII1Z;K;.9N(,@,4WC""-WF;="&DL2)8O#
M(C1P'__4!"535JCC+H;4%6%A`A3@<O3$I.>;:)"7``7C>E$"%N!B'RR@#4+@
MDC;9.$K*,!"C)4@!_Q:Y%[C!^[^$BZW)JJW^*@@CNRAO,7N.@C1OXAZY0CA)
MN54!15-.8@*P,01&];N;<A8!L`'(H1HM'`'#T4JU&,(UAEBB(2?94;V[MB5(
MT7R.\%DQ$`.XD1.@Y"6)8IH?`3(XG*\!W,,#C+Q?!B4F*!]8`2X#914H`"(M
M<!U0)`0#T"P1,@`4<!X#$$^Z8`PPFPX;PP/9\!4F@`83:QS7H!%@/&2,EA60
MAP(;,!FHN8DM+(6703@:_`8'\FF)U2S)T8=WK+2@)\#+ZJZ%`'=8UGL#E1_R
MB66"ALHIT9:<I"N7`;_M`D,V&BU8$0%GT!'0,!G0DH.A;&+Y10<*<#D*P/^"
MN2(GT\@"Y&R".3`<*+A<TU$'+$`!37;+PHNNN1H*N\K'G8`)<C1"<G#%R]7-
MSZK.PW$-,1`!`:!2*E47$#`$KM+,"A`!-I@1>_J/+50U<J5BV;QP%X-!)9=8
M!MDZ,V1"UN!;4IC#.[FTNGR\O%P(ON5;:/8,6DL_.8`P^8`L,,1=/(`UO02O
M)D`#&2$O=V5?-?%E<)$-%TU>\U`Z]2I`W)"4A':$B'!%E9!-\*S#UYJNJZ6I
M*+U=-SQ3=0#.USA3V&!`'S008AT#2+,5_QB)L<C5V0`$$\`!(A#7(F`!;%`"
M.V``)[`$`3`&8_`YJB,'>4`,+KL-E9P]_+9`B!W_0)AH"%_[(^Y(8.Q0"8U=
MU*)`C5LKCR'11:Y0COY;TKFLQ[O\8"-+!ZD555P]R04K"5"5!^8V!B\@`AY0
M`AQ`!"50`AU@`7+M`4@@`EG`!FQ`!`K`VH(=.X.="S1``P:+#'[8"\D"%!M$
M"E')8)--V8J0B\`:/6'&V,`J"IQ-T@",K,7KPXD[7,/5!-UA$&&&#6"M``;0
M!6)0`08P!!0``@,``A0PWR#P`OG-`$3@VQ;0!6-`AML%9X7]"N_V1N9C8--=
MBLEM#M[HA8P-.]0]"UYFA%/!V,U-".O5"MV-QR8-VJ$XWN1MWN1-#FQ=73<D
M!R?0`1F0!0;0`RD`5X)F_[HFP(<;@``#,`1+`.-(T`43H#W%;:\'/@KS8-'N
MHMDSQEQ&/N&'L,_#*19+:`B=T:-@HUB;K>'>O<-6W5^:>@P_K'%<5MX!P+(%
M7A3<,%QDL`0,D`4BL`(,X,@V;FMPQ<5SSH<(<.<X_@)=0`0!CCM!?@M#+@HL
MT`0;=0C3L0KO;#[TU68]P9$>5HT7\#A";0PA$`%,W@KO9TRTD@1)J8+HY>E5
M\1CZ$(`#`ALG:`(@\1>H_A*=9#T=CLL\'-Z@Z`AU<^+ORM6E#6`L2^:]X+*E
M,UQRL`1$8`%(4`$@$`$#@./(;N/,WNQ\:`(X3@%K3@1`X`S<,%^Z,`)IBP@L
M._]N2=J"`9D$RO86Y(T[G'!G*PR2U4`0=5&G#%&Z`BT5L(5<GZ,1A'KIJL!G
M^L$9SK',?8*_OJ$;1<(<8,<B0I`$<X:F190<3;"2]2(E)HKE'EZX5SVB(7[B
M]_@)=2"^8,W:4'7:NT`,8:8`/4`$(E#L+R#??6#C`S``&]`#,!_S,M_L$=`#
M!L``5_`%0#`)L;/DKJ#M#B3(_#<N@B<2_,?!PW='=5.QX;M<$3`"<B)X)Q-I
M0V!L3>!;4&^;T,H01[$!/``:U>L>`C5R8-%$2>":^$X)C[04IQ(#-")0CN%S
M$;!$UJPK`M(")V)+H0%YSBN?@H,&`\`BMAPR$@_KQ%O_\>1(R4#)0760!U#[
MN3;DHB=NYEP&!"^`!%<0!09P``-P`!%0XRS?\J(_^B[/["Y/`0,0`1W0`0`P
M7#V_"T"_""I1!WY#`Q)X-3R`&YWAO/5B?JT\F47#`E-7'741)0JR%(AA!!MP
M!CAW!EN_$.-;RY?E'I&%=Q&2+VD?"C"4IYPQ&5=S&6^0!S8*RQ?%%`I0EB=C
M3$$+)O72-,V"'(*J&Q$_TA./J8BOK",N&V$V7"@`"'IT<D!+(ET5(148/4"#
M?W]UDI"4E9:7F)1\?W1T0#M9#$-#$0@()ANIJJNLJ0.GIZBE"",N,W)T=95T
MF;V^EB--OY!\Q2P_!&\$%`E!_T9O*"THSD8M.7P1;TW(&SQO`4(!%-\A$#]O
M%](YU49&.1!H,</S]/680T(;!"%_!$D$0M[4D0,A2`LA(PCPL,>PH<.'$"-*
MG$BQXL0<"7[(D8."@!$"-,X%,!(!Q1D4;S[&@*8O1,(`;T9@#/(F1(Z.(][$
MB$%@`R5^E&[J@A1@A"8(\B)="&"QT@9AE.J$H),CCYP+&`(8(%*B1(LO)TXP
M@!)$#)*S2$(%D`-)TM"FD`89$%'!P"M4JP:TVNL*%BL#'C``R#7T$5Q(P>;5
M*08A`(LF!()<(."/\H4@*#KF&*)03H(W08(0`,=G0TR#-"&T@"#'B.@D<BB<
M27H8KO\)(2;V\:E,F8>)E/`B^*M-O+CQX\B3,[SZ)D$"A4F:$T!CNIG"T1XI
M!T$3Y'<(9,\O\"#PG$<V!0%Z_JPDE%+1H[27'J83`6K;$'6`/%G2Y8;9+B$0
M00`2+B#1!1$B,-"#`2!L==878VPDX1^;;!+)))F\=2&&DM`Q@8$@])`*`GGQ
MQ9=>>JG2PXH5(,'!!$#@4D<>.1"7V#Q\Y$``"CEX%H2.9YAP!@$QM/!#-#FT
M0,`F2(Z0`#A_C`-/4>@$`<$?U3B7`P]GL*!<1'S<)EP(N_U@I#=-U(2"$)`M
M].6;<,8IYYR7\!%`$TW$P$<>$8P0``T*/"93#@H,I$`.%YC_$$,3?,1P37T!
M%/.4"7S((4\>D:X7%`IOO4<,4FW)!Q<=3[4520AR/-%!"RW<\$4*`YB`0`(]
MT)#"BDE<(.(K#1)AUA=#/"&'A<6T1:,EG21;B5N3S#@&&$@<,,"*)E9K;2H4
M],#`$6)D)<>,>=AHGR\6AJ!,,B;DD4`+/"6`41(0-!>0,BQ0UAQ,.9C0`@WV
MHF%$`E>B\*0RRBA0(9WS*&"$`B%0:AX$(RB0A`GC&?%#$B%$@/#&''?LL3V5
M'LP'+SD2@\O(DBA`X35_;%0CA962'#);PUKX!U"0M$>449_&Q]2H]4E2KAP[
MN+##"CQ0H'0J05`00004;)"KB*8,_S``!0YF8$$%/0R+822\/"1'%&+8I9>(
MUZ;=B@E6GU"`!RY$0=46XM)3\V.`#AMH'2ST&`,6.;`00P"$LT"'`DV8P%:D
M<O3-@I^$QZ"`'`KH^2?AQ'Y<IX3$%K,8S7S4<0W+FI=N^NEOBEQAV"W383.%
ML`\+L\FPESQR7"QXJ6G.G+K',X6@*O4S7$^YQ4D(!F3`P1`\\$#B!BLFH`K;
MN:8BBPG8#P#""PQD<<42<N21AX8/T3&&!5F\DJ+:[*]"(@)*$W%%#U75_<M;
MQ6Q2<Z5RD%YL5)6BD.PHE`O/<<YULLO?ZU!'#!/`#F;%JH/K<G`-DC'P@AC,
M($3>,A"V</^B6/LCQLCR5PG]52AF$(S2[V[&GM[M##Z4$)5%)/$4SPW"`UGH
M0@\HP(.)K4)Z&X@`]JJW@5OU`'NRLEH/7K`U1WUM@99@UBX&T0,O[$!:[:N6
MB-#&BJ>EH@\@L``;"F6_7W@0>R<L!@794BP+L6XC.7+=!W4Q0`AZ<'+_RR`?
M4-`R.E*"+0B\!O\T2,A"&K(7Q/*@R5ZFB0<V<AA]J@3._G"32+P0$@1)2AUD
M6!$:1J$85GE"$#R0@FPU;P,(H`&)@L`*>`616JA$!8FN]@(7$.$)G=!%'J/(
MK+!U@D9R^((7#&"*+)IH1;#DBPE`4+0HD,%&*\P0)48P@C8^D)'_FY`C,3#9
M,C;F49?T@.+'^&`$!5Z"=>(\I#K7R<Z*\&(#(U@,A7!&%3X6ZTX5>H?N^+"4
MD6E3(INH83$FL((@,$`5IQS1!A)03%3"2U8F4MH`.&`!(HPAE[MTR_@60\)!
MT&@+6^C`%2B`O?<9LQ7(--'3&F0!)(P!FHI$)&*BV<[CE+.F.,UI4Q18C&3Y
MM!,\#:I0ATK4HO8T64$=5GT"R`<R%4,.6$!!R.S4A&'U#P(L>&IC9F;4KN:/
M#$^QR@2N((8RZ"5JS8L`*E$)Q.?E2JW%?-X&E$:!5U!`?A:(PJ'X0`8)A6]/
M-%IC,8"P1+"0X`-((((J$0"UD[I/EJ<(_^+3GD8#J%'@"UFPP!!ZM`F.%O6G
M/DTJ-?>GP-!ZK0DC""U/55M:I'KUM;!=K6M;"UK0>M4(-6-M_G0;VZ,"-;:\
M[:UPNUK;W]+6N,--+FSAE#^_.K=_%(RN=)]+W>I:][K4E6Z/_-HC&E3U&G)`
M%705H)'M#J$)/2*4"M9R51-,%[OPA2H9ZK,%`[2(`3^(FEI[R%A3S(JQ:HT`
MO":[BE+,PK\@^((%Q-`("H(4"#&"L(2C*X<QB"$#5T`?%$30!"]:MA22G:R(
M1TQB4T3@:I8U@-(,\`+N78$-/=C)&N&K7>U2%T_;Y>YT.8MC"CO7QCKV<7R'
M3&27O3?(-:XQ=O_7L=TC2PC(13:RDY<\Y2A;F<9)GO&3JWSE+L=WE\1Y:G:S
M3.8RF_G,:"XS#2ZPQAS8)+KDE:X)V$Q!A@6@SA!P;YKW+(<71*%H*WA!"E`0
MXB0D8;*F2,"(47"!IY72:?TUQ0'\>X`&W2`*3P"IIB&<*@-\X5`YP((<>B"&
M'1B``1C```<.`&++AIC$L!ZQU>J*-0.LR``I>`$1;""&&Y1@#(.;@@)`O6<T
MXXG89^YQL9?-[&8[>]GN>+:TITWM:EO[VM3FG.=JPS\IPWG8X`ZWN,=-[G*;
M^]SH+O<(+H"%0RF`!^&.P<(4`-(Y@SL&(0@`N!N6[GZ/.WDWX,`)#K#_`2/T
M8+*&1O2L*HMP"#R-KD_S+X&K]H(;[*!R,=`T`(;0`?]XP0(]4``9R)`")!C`
M;#.8060E"^E8NWRR?<!:!6[`JAOXH-<MR$`)EO`$!?1@!!$(@.3H[6]_7^`"
M1#?W%NB-**07_>E0C[K4IP[NA1&*ZEC/NM:WSO6N4QT(6@[=J"H%84UKVNMH
ME_JZ*S=L>.\D!BR8][![X'0%C"$$0]CW`*0>`QWX70=OWXD")B""%A#A!2`V
M`@T6+^!#+W[Q"5#EXC>``@BD\N6+%]$!7N"#+VQ!!UO8#P,ZX`(/<&`'.[!`
M!@P``"`0H0NE3$$*@MA?`]O^Y2Y'P``8((,7_P7@"PQ@P`LFD+M0_ZD)&Q!Z
MX)<_]'$+_MQ'?WKTTT[]J3_A[]A_0L^?+O?J>__[X`]_U"4L83BRCB+\`SM(
M,0[WW+G__?#/'>'F[YCXV__^[J=_X?*O?_R[OPE853A)H']&\'XT@%7REP0;
MX'X\0`/^AW^.$0`Z(('UQP);\`)!D`&EQ'!&L`&+AP"&]GB+%P2/ETJ5]W@N
M9RNF0`%7<`4`H'U18`$91@11\`(@("TPT`%TL0190`1]$`&V8F"U9V(`AGNP
MA@`P8'H3,`$Q,`9+^`0!X(03L`0AAST16('[UW_SQP(5>'\0@(`/Z'Y?&(9D
M6(9<V'_\1W]FZ'];"/]_^O>&7>A^";"&=.B&:$B&;UB&>5B'?"A_=TB'>]B'
M8?AVX298%=%M9(`%BMAN&#<&@OA^@?B(;(B&`'B&+)`$?C@2!HB`A*.`\]>`
MF:B&D$A_8Q"!?J=OP_8)F-$'?3!YB@>$-&!HJ32+D2=YE&=Y#!=K']@'\G,"
M3P``1&`@1/`JI22$(,``9X$"(^`T(C:$$6>$+I<"48`$8M!KU>@%1\```=`#
M;)`!12`"0W"&^R>.$6B)^<>%#_B%<`B'N3.&DOB.\'A_47B%\E>*Z\B.+#"'
M\;B/_-B/HRB*_AB0^$>(@+-&G3`1E4)!([>0&Y&(!8EFBZB(-1:1#WEF%#G_
MD1%99HKH78S(,`J@B)5C!!%I`DU0D`JP7HNH`B9`D1E)9EA`!D"P:6.P!$MP
M`B60`%V@-(W5@9/50T'TDPPE691W`2%&5T:Y-!O``!D0!?K!`8FE"C2@"FJU
M`0,P`[H6`E>3"KGH<D?9E5Y)`;?"/3L0!<#'`!;``5O0`U=0`AS@`3"P!7\C
MD4G6DGM&!GC"DGBYB,J&;1I)EQ1TD=56D7\IEUF&ER))F'P972RY9X"99HV9
MF(7IE\6VF'P9D0X).'T%78*43N%D9&3@6TA57*(YFJ19FJ8IFI)237`$`2.4
M(RC@.L50%$!%$%E5*?TT"$%%FBYC%0!0`2)@`2V%_P0\,&E10P$_D`K[Q0.L
M(#T!)C5$:5E?65=$X`4E\`03T`%Y10'OTYRJ4%>V5E>Z]Y/5$IWD&36+-0#2
M4FD6@`'U=04[L`!GN04Y@$`]Y5QIE$N#@`NB^0?41%SY0TVG&:`".J`$"E3X
MZ4^=X%RVQ5,_4*`.^J`0&J$2.J$46ER[Y5-_-&.<^0NPV3_#-I]````B.J(O
MJ'TF>J(HFJ(JNJ(LVJ(NFJ(BRCTO**(50*(3\`._**)#P`#:)Z)X-Z(80`$]
MFJ,CVJ(CJ@-/``0&@`0,0`3!%P+.4X0_,%DTT$,C%GDB-F`D!G%0(TQ9X(0B
M<`4,D`+P,V+^A0"L%GL']O\T!]"F;OJFT)A[_O4*!]`!U?D%&<``\%D!UX>D
M+Z@?#'`"$]!Z$/:+1%JD*_J"P3>C)-JH)!I\+QJIDCJIE.JB1VJHA>JH)'JH
M(^H"B%JIH!JJHCJJI%JJI@JJCCJD0+`)TW5^]="A5]<C`&`'<5"K=G"K89&K
MNKJKO-JKOOJKP!JLOXH!%2``#2``)^`!R(JL,U`$#7`"`B``!5`!<P"M,R`"
M"P"M`B`"!7`"-7`"SRJL84&3'W`"+^@!=0&6!A`"23`",(``K&@$K4@#(Q""
M(A@$(T"OK`@OB]<';^JF3\-$%L!S1.`#'#`"\"I[*<"*K'BF/Y@"$=`'_D4#
M_OK_KQ9[L1CKIK+GK]OS`B.P`V``!@5`(#N@E`P``#-@!Q_P`1.@!1AP`S"+
M!%\P`;^8JW,P!W[@!]7JJ\;*!$Q@K,**K#XKKD1;M$9[M+U*`F$P!2H+``:P
M!$M[LU+;`%3;`'.`K+D:K3<0K5B+M%[[M6`;MF([MF1KM%1KK!.P"<2&"PX1
M2+$*!%H@``]@!F9P![?*M7B;MWJ[MWS;MW[[MWV;LQC`!'[0`#GK`7X@`#G[
M`$40!SGK!P5`N(G[`-CZN"+@!(^;N3GKMPU0`PWP`4_``$40!2-P`'V0`NPJ
ML;0P`D8P`JQ8K\I(3=2$KWT@NY4GNPR;NT]S`3XP`=IC_P!6-&FGVV*X2TVK
M.P(I8+RFX+JYV[S.^[S0VZ]HRKP@0`094`8E\`4[0!<3\`%:,*):4`%%L`,O
ML`,E@`1%L`(K6P.:F[A]VP`^J[CM.[]^$+^`>[_XF[_Z>[]VL`<`L`,MP`1A
MH`3MZ[CTZP=;Z[[[N\`,W,`._,`0',$-K+E4F[-:P!8?REEMZS+@5A6S2K=U
M:[<2/,(.7*N#ZP>U>@<B\+AQP+@&?`>1N[F4NP"/NP*8F[,&_+A^ZP</(``?
ML`0>T`$&H+I]P*Z+A["LR[RPV[RT:[L04[O-2TVF6[!/P`4%,`%>4`&3!HLB
M^'CYNG@I0*\(VXK,"[UF?,8-B_^$#KL]-+`]'9`%2T`")#`!'"!P')`!'=!B
M@I8";;D``%`#-2"_"LRW<1"_!XS#.&R_)+S($=P`2^##6K``8'`$'0``))"W
M.ENU[6L&"7`'<<#(H!S*HCS*H:RYM8K"%_P''4PZ#)&?5W<H<O#!='L'=T#*
MMHRW<6`'@VL'<Y#+'J`$M]K"16"WM!K#DRL"</"X4N`$M&RWS4S+?MO,6J"4
MIJ:Z(Q`"L.>ZIB"OKYL$*,#$9=P'E?>\($!-Y5P!7@``3N`$A-<%-9A*71S/
MMB*]^5JQ&(O&9CQI;6H*R/>Z]%H!&;``6C`#$[`#7B`#"`T%7X!KC[<`'=`!
MW<NUF^O_MW;@LTKPS!A-R[=*JXI\RQZMM]ZJ!4M@`Q8`!A:@!9><MQ\@HA]@
M!\],JPE@!G%0RQ]=TS9]TQ*<T;1JMV&`P1G,M@S!/U?G*'0PJWY`MX><U$J]
MU$S=U`(P!X,[!U8[!\IZM7[0K%<;K<;,PY6;LS:<U)[;`'8P`W-`DWN@!2Q;
M`!GPGM*8:^S:8B"0:V7`BI/FS6CJIK3+L)77IJP(Q@L+`P<`GR(P`3#@!GM0
M`"[``*:`SXS=V(S]ILT+`E%0`C)@`&&``&&1`140#!=0@V'\>`,PLM5)`KS\
MK>Q[R#X[OR"<PXF;VDW]VK`=VSE+M8!<V\>JN(9[JP!@`3+@_P08X`$38`</
MH`0]_``KO0-?``#0Z@=WH+,(+`"L+=M)7<'1&A9VH`1S\`%[<-&=&ZW2_=U*
MW<LS#<W:BM.+?-2G[-V*>\&-(CD&V1!"C7'S.:MQ@-2%"][XG=\Z#-5,(-57
M6]7&BM5<N]7;FLQ>?<.'?+;1RJ@UJSPJ)WO7G`1T?0"LRVKTZLT<"P(@$`3-
MN]>FVXJ?/0+:4P$>P'H"0-`Z6`"+[=@LWN+XK.%(L`,3``+F"IP%0.'4-*^P
M&-@E(`8`$`8W6]M)[=J:N]J9*P!$KM]*?LBG/-O-K;GJ':TSH`4V``8+4`$V
M@-:T_`!^\+T,X`,9``"/?-29O+71O?_DLWW;@1P68?"]6K`'=P#(T(WF2EZK
M=NX'ITWG>J[4,CW1B=OEPR)X[QW4XR5C14VK]FVX>[[H]*NX43W5`-X``J[5
MDLO<7>T'7TV_.9S+-PL`4)`!&9#<`*!S((``LO<"J5NQK#NO]9H$MB)[%)#7
M^PH!?`WB%-L'7U`"+F``^[&$$R`&A_>N+C[LQ)Z[(%`!%A`6Y7H%>0H"9PP"
M!9`%(O`$)'"U@*S42?ZX1J[#V<[H^GWG*)S+4*ZW)*`%);T#-E`"LSK<QNVR
M&'8#`/`!T6K`=F#FWJ[@ICVH!K`#:.V^?F`'WB[=I]S<$AWP!G_DBKO>@>[>
M/>*J..*A\GW_Z/5M!K-]\`'_U(_^WT\=X$60U=):Z05>PPA>P'8>!U<[!T]P
M!!C&!EKP!#8`!:5NZJC>KF4LKT=LKX_'X;GKX0E+L2-0O4B@[DM@`0\-!5X@
M?,);[$K?XB]@`R^B!08@@T2`Q*];NF]ZY2)@`''KK>Q[YIK;[4=-MZR-Y)5N
M\=)-JRP<S.$.[GC^N=YK[F!0`AEP`DN0<A>M!8A=`0QP`X)ZM0;<`/;.Z-0=
MT@!`41[@Q_(N`-=M]K&-R8Q_\0GO!Q.P\*`&U"#CH6\WWXA.\??]^'KNZ/T-
MZ1LOZ1T_X)6NPC1\X`=,RW>.K`!P!%UQ!;Z8!5FP`RN>ZJ\KKWR-_^$-&P&R
MW@?P4NMTC>L9-JA9D!9(4%$LMN)+W_SXO"T+\`%WG`4(N]C*^Z\[4`0%@+("
M<.U-?L!@O^V;"_:>K]3`W/;7K01Q4`/!W.31NM)3:``O+P(K```+L``S`,SF
M;@'[#@A71!,-`G%^?G8WAHB-CH^0D9$-A0(U6@`%8E`6(D]:`@)W2I*EIJ>H
MCW-S)"1+KQ^QLK.TM;:WN+FZM'-V<XBA?@)^$W)\,3$*.3ER='_/T-'2SW1R
MRPK(,3ET`'9Q9F:(#:GDY>;DH1A,`JMS(NP"#3-%<Z$"!4S`#R)P]BM.I>[<
MB4,PU(<E7BKL\#%CRXX,._H<0(`@1!($!_\.O'CQP\`,$`M$B-@(XP",('U2
MID0!(2,-"A1?&$!B8<D3-C:^&-BY4R("E4"#"AU*M*C1HA5DB+B!A,$+B@@B
MI(2*\0"(%T4P?)A1P)ZA0Z4$,%DWS!$X,V"!C2WGM6S9<W`3V8GGIP$``*`:
MK)KQ@=V<&5H,>+AQPP,'$09(%)BQ9`*`)4<X+&#@I4,L`>'F-%B4-BXJ2O$F
M:*EP`\,+!C<,`!CWH+/GUY"&-2#Q!(@<.4!RZ][-N[?OW\"#"P?^Y(-F8<($
M%#O&(ADS.76F28=6[5JV;=V^A:L+N[OW1NG6K?+SKIX\>O;PZ1/1=9@(@)(&
M$HPS8\Z'$QDP4/#_4D)'F`H9,`""519=]0('1-Q0`1,=6!!$"X.M,&`0(P"5
M1$L'I#`"13N(8(,!3^P@1@4&O-!'A2EE=-2*++9X%(`=</#%"Q/]E`(--/0!
M%0P@<.%!!TO,P,4"#]@SD"EBD?7(69TE6<XX`CP@93#?H7*"`$HH\0$`7W!P
M`@`?-!#+!/9L6<(5'#BQP`(66*#%!#I,L`,4,GAA0Q&&34`F9G[TPEF5DE"R
ME18%%%%!'U=UD,&7#3P`:)6L3`!$#`%4:NFEF&:JZ::<=NIIIRS(,<$OCBAG
M3`S-*7-;=--)5UT.V""#G3?@B//HK6P)H(Y?Y,%S7CVAJ"?,/NT)P%XI_P0A
M$H<`,V22P04'9&$!"8]ET50!7W0@PA=$6)"!!2U<X8$(%AQQ!!A-E9@`BBMA
MF$(*)BFJVA)(9!$%"!5N*)6+_/;KX@L[;+11C>_>Z!,"/&+@PI5.#%FD'W=L
M%]985#;"9*EKH3-EE&_A"LD))"@Q!0`[R"!#"1\X-@%@A`A`+1A'E+"8$Q;X
M<((6&%PA0@9>R(A!`:#,,`.?FOWIL3B%U/!!!1Z\4-)5(I2@Q1X='WW.'"<L
M(4<`&W3M]==@ARWVV&27;7;9)@"Q9ZG+H>K<JJVZ:@VLUW%#ZW;C6*UWJ;J*
M]TMY\<P#[#WY#,N>/_"90LDJ`*PP4A\,9&"`GO]#W.!"@T?<8"X8#'R!A`$+
M,,9!!AFP,2,(%%J((0T;52`&`YA@P-X!(XP0`8XX]I&"O[SW#E3MM4=@.XX%
M[U[C#`QX`#L##H<B$"I)5HS(Q>!E3(Z4#TNO]Q("?/#$`AF`P8$-.P!@@`@N
M[*`%]P(`$%(1(N!01,P?&.#"%9U?L<,3>"U00.BBZ),B&&$UT-2`!")8P5,P
M\H(26.`#6HC8WN#RBJV=[8(8S*`&PV:"'.C@!'ZHE3#:EJKGL"INT7A5K+1A
M-^W8:H)["P^O`/>K]!0N2H<+Q7M.08G99$)YNT-`!\"PA"'H8`D<Z$`%7%`&
MOH1A!FXH@Q+`Q``QM.#_"STX$0)0`A26J"@%;/`"`_@7.0Z`@"(G*MZ[?,=&
M?]UN!$T@7@HB0)$U9N0`7'!!!>3T,R(Y[P[0HUC5J*>6PJ4B;Q#40B&XLS<E
MO*D$8BC!FL('!OY``0E@.@%@PA`G;RW@+@#@@`PV!(*F?&`L&&```(^T&0(>
MK8>ST>-32M+`#DQ-":Z!82G"48-BC*$'/3#!$(8`S&(:\YC(3*8RE\G,9B(S
M`#D(``A%:"KFO`TZ*)2&"E'%@EFYD)&Z/%IXVM$K\PC.ANM90"-64`!'.,H2
M5Q*'`+3P!$.]X%T4>`@4[O*$)RPA``R(`@D.@(,0@*`+#/"6&)ABH@UM\6!]
M_T#!!7(T@BC@+PPD,$`&)/2"#=5NC2G971M'ZB(<V6Y?(:6(55[@`0]H,DU$
M>E@Y!+DD<#3)>H^H00W\H%-VV&$/M+G+$D`6!HR>X`0&.$$-AD$J[_!E`2W(
MP!>FV@$QB&`'1#A"`0`@M#<!(``&"$,_M8`),%A@`2"8@0=V\`$,8$!-&QO&
M`(\6ASL(8`E+#4R`7D"!$[W`!0SX@!T>`$AT>,5C._7#!RRX@0%LP`01<"P%
M(A"!KPU@")<=@&8I,,P(]"`"*>@!!3;0@]`.(0*<I<``**#:U0Z`L@/HPQ`X
MFY+4JG:VK!TF:W?+6Q/((0P0L^D(3U5"8V13F[>A&_\+NME"$>8MG!YCASK(
M2<-S!LN0QH+#.A/7B!J\@@2LH98!?,``&KQK!"\`$!)$0`0#!(`"%ZA`$0\P
MA!.$ZPILB$(7NI"BC*`$*A&]P`AH``(V6.`$2@B#M&``/(J@%UX'T!U))^P[
M.E+$`,GC"TR+5#54X-1BPJT>$T)<EP;HM"XZ!=EC*F`#QVQ)3T^8P"N4NM15
M)`LV\P1`"8X@!C'@KP`O^,(5LB#C$]@!`&P8Q!`N`(`38(`##)#!$3JP@R46
MX`-.^-\,.$RE&SC*8W7%V@G,9`$&4.!&Z$6"^D11V%2T!;$U:,`>@,`US7JM
MLA$PP6--(-G6LG:SHR4M!8#_.6A@;@"SEYVM9B.@Z,RJEM&(IL![_]QHS5KZ
MTG0(PS?P\+QJNDU5?#AN"I.+C>5ZT[G0%:<?ICN>ZJ+GNHVX@PC4B0AVELH/
M0]6D(1Y@!RV(\@N4[0./NE2!+%SA"E_(1!`Z0(2LB2`('(C"N[J0A*"DKD(T
M2(*`(_`%&1#A`R"8@`S8T%$:U`X!#U:)2"G,;A=9^``%$`$')K``#OQ/IN;X
M\/1(+(RQ\-M6H7B%^:QU!"[$F`-7L,"\R7J0,/WBQJ\1P)@G8(`"[,`%'"@1
MPK\0A@5<8@8^N,$@)N<M#\2L`H[S@%8$L*8%M*4LBSB:&1Z`M24$QC`@.+/P
M7J!$_P#,`=_0.RRN="IG.C?6L5W3LY[!MN0_4Z`)G!U`#[I6V:^)M@DCV*UK
M3SN""_2A"6`?`6ZCKEM+(_K2:,_TICM-PK>%6M34(#4W3XVW5$=W#JS^FZ^L
M2SCP\&.[I2K$$O#2`+3T&N$1J1!&0,"3+UB`#5IP0@O`\"T+,!$&&^E#$JH=
MTA0$X2?YNA!ZB2`#CV04?S+9B$?OJ>YVN[Y%*N7`#58FF2F!DQSZ#B&_DS2?
M9)$S#@^8@7B_564+&``*&:@`\A6N&OZMXBO=J<$,UC0#/>G1`""HP!6.NH";
M8<`+(YK`$XAPA1+8H`)::/@)5K:F*`'#'HCPLM6*M/[&>?^`1UI$P&F08/,3
M&Q;^0Q=G<Q8`/6!GCR5V)L`U7K-:!,`#FI4$!.!:4T=HHD5H&]`"1A!IFS4`
M04``$/`&1I``2;!U&^A::'>"FJ5V9L!I@.1IQ?5V<%<-UE!JS)4=J&9WMS(,
M>5=.@?-J?8<(LD9K?F!KC]`^-P,*=[`'OH9L(W`C&0$"4'@`!D`$DK,"0;``
M.Z`M'%`&$=8'$9`$**!N%)`Z#74AI^$%;`4#6E`"WD8$1*`3$_%1*?)Z='@4
MM`,#(I$)<`5T,V5(9K%[8]%[?=(.JV`'88`)'8`$7P`"!7`%1W!5()%0,G`%
MZT4"Z><'$.<96[8`3L`$!3`!(M#_%#L@+0;`<NU#`GP!`$!@`#<@!DJQ%4]6
M``7@!'`E=(X0<QYC!H5``O3F`ER`,,*#1E^`<2Z6*P!X*T0W@$='=945!#1@
M`DNW6F>``JSU`V_P=)LW`CW0!"B``MI(`2C``V^0`+@U`F`(1^/X`VAP`2'0
M!$,0`C\``:\5`A(5`'U@@BB8@IJV@FQ'7&X'=W%G':;67'6'@X\R3H,H`O71
M@U[1B7[7#\/P#Y#@&%$S`1_P`(Y4`I\#`V>F(C#`0`R`;):#5B7R`F50$A6R
M>=;V+C2"`!(UA6+0#8#!AI2(!/I3(TW87W6XDT!Q1^E5!A_`B>UWC'T8"834
M;_EP)(-X_U1'!2:#IRT"PP`9]P(&\@4,0`2D`30/ETOG4`C^PP5<@%0`X@$*
MMQ6A8X@2-WA+4`$EP`%\P0484`$=P`3V%E/:$W]?ABNZ.`<8)0(=<$8PD']2
MV`%EL`*JD3>+9)`\)8!T5H!(%P`\$`1"0`!&$`$*2`%H$`3=&`1O,`($0`!O
M0`!-\`:A^087P)D$(`0),%E#`)J@60:3F9H)0``)@`)H0`!H@`(M4)H0$'7Y
M:&F9%C%FT&E:X(^@!I!_L$T#:8,%J9C?(4-Z(0`>L'=%T)"&1"S!<"S@,0<`
M0`(N(`;)-@=WH`4[<`,,@'\J42,@0'[V50;XHCLC8`0Z$F%@N/^2&C(1*(`#
M7\`Y80`#5_8F>H(0%0"8YI4C*L*3",HC+%4!F7!OL)%[1\E[SZ<9L9!K```%
MXF,#(G`5:G1>',J*6@E]L+%4#\");\4761,+)T!]T^<_!;!^Z6<<!>!6'/!D
M>^@H7(F+N'((`C`%'R`2;E`54"&%IR$"8G`SB]1AT)6,1F=G"9B:0B`$9]`$
M`0"-((`&H0F:(&B:XH@"1@`!28`&1C"E%#".JL4#!)!U9_`#!!".9^"9L\D#
M0Y``D@D!%S".)9B/)A"<X$"<QLD,,"AJREF#=_-"SND=T%D/TVE.U6D/#@D,
M.60L[00>?A`807`#8/`8#T!6+B`A-7+_.SF"``;`!EGP!993(B!P(D;P$R=2
MGP<3!.?UD2B``1UP!1,PBUI6`%S@!!.0!1FP``A3H!+1A0BZDS`PA0HY!_?6
M9G$!H8!8."F#"?T$`/UT`I.8`2Z``0T&JC3P1ANR`#<`-..0B7$1"L'WE;$X
MBUGF<E'2<FLBBV`)EFHBBVN"/7D)"?('9AQ&GD6`5K2C(QB1`C3R`B)P!>E'
ME';'I`1H@(\5I4+P`Y!560,PC9IE!&\0!+?YF=;XF6B0`&>`6K0Y6[.Y6B!(
M`#\0`F=P``3`F7^6!+%)F4,@6[\Y`'L:!L+II]9TG``YJ'1GJ(>*8WT3#ZNP
MJ`SIJ->90^0Q_ZG@\2:'(0(30`*$53^&X5`%2@.BR@9@(!@W0&4&H*HJ,0)=
M@`(B-1&P6B$:X9<94`(3L*XFN@(K,`0,<`3`:B,&2JS%^GH980!=@#+^4R3,
M"A?.BA88LPY;4@`,@`&.0V5+0`3LP3P@H*"@:F$G<CL84`0W,PSD"A?!$'Q<
MP04,LB!]9*[N^JYPR07_TW+8$PH2@Z]*^AW`QRP3<`)%P`#8IY-\9155M`"*
MA!R*J;#+Z#6D>08\<&<3BP*K98UEP*4KNXZV.:87T`0=&ULA8)K0BZ8H,+UP
M:K)]$`08RP,78+*7U5IZRJ?#V8+%F;.`BIP\2Y`^^[.>D:C229W6Z?]WQ:*=
MB#`E"Z`RQ?$`;N`$6D`$-L``?6!>[V*UZXD$'6`#-O`C_EH&.M*J70!2!^",
MM1,%"2(&EN$_1.(&;E``'#!O)1.DZ&9'=GNW[981X/,%'_`_P_"WYQ"X-]4!
ME_`!EB,"%<```*+`IA%:#-`%DD'"*)("39!\`,`L(OH:\A$E0N/!-*HFPV"N
MP2<E+MIR,[!4YOH6(O0(^:J7@)14'[`":6LBPXHH(Q"8!F`!*[`'>_!<!JFP
MCDEU+$`#`1`!+##'CT4!#1BS*!"!&)N9$'`&MZF:/R`$;R"FFY4`:)"90]`"
M/``!:8J!(2`$6!H"1I#(:1I;XHN"-7NSYOO_I\:ULW-#@SU[>^Y;KD&K%W,P
MG<KR`$60'`+PJ#BD3NY1`*"1'-/W/Z^PB6HR`<DW(`3<K7UP&AT`(8Y#(WT@
MGQ%FCF(+%$&0$43@`2Y@GDVF)EO6HCLP.9TZ(!4R1V-LPB1U1^`,`J.C27X$
M,0_JAR`FN"*F6"1@GB52(@Q0`B60JA5E`5YP!!8@,'=T%0;`-"0P!T2B+)EK
MRLRBP?4J4P)A5_::NK)1#CIZ*RTX?2MC>2IG`+33A+/T`ED@`B3@"WW2@@G+
MF'6&=$JW6WRV6@$@=@,0`)=V(ISU67,T:.:&67\6`0<P69"U6G[&6K"ETZLU
M3#.KCYR,".?[:>D+_\HS.'?L2\JE?`[2Q02:H:B8@1:LG!8."2RSA@D`0")]
MX0<<QK]NL`,[`$`NJ@.=\+@V8C##6@1%`)4#9@3LHI+,?``)Q4X=<)X<4`4N
ME[HHF@`0D!+LXLTDM2_@7",%P`DDX`8!G9B>`<.#&P=AL`0WL`.I:J!1R$`6
M4`)QVP6+Z),8=@48H`7UBKG_]KY1LM!\>-KV:HODL,4Y&`HM>E19F#YQF`)1
M4,8%D+8D,`5OH@5A,`=#E6IN;(`F@`"D)5J6M@&WY71!;6FWU=S0#=TJ.)S+
M0@R>'*C')8/*1:C?Q,9-[=2K!M6H/)TV5=7`<-4ZU"PSBG&$!U1SL0!P0/_%
M[>H$83`Z!?"137@C55$`+E`$CF,`%0+7*B'7*A$$V7<%J.@"\0-7/74',]!K
M#M0$@"W8%$;8A8T`N;T#B2TEB77.1OFL#Q#9DVTBH5H5*P4%'>`^,I!\LO@_
M"`<&*U,`MJ<=7/F^"ZVD+\?:J?#0CQ*=M_QDD],!4%#;5GL`7^`#JL%5%;!5
M,M:Z5N.[=G9I)O!GFB5:N05HS4W3X1O=7(Z"TST0P]!V.AN#<K><A<K4WXT.
M>"?>4EU7P%<$RP)KP+(")U`H+M`"-S!O>($7HE"B1#(TS')E7W`$.U``M-.M
M*I4"7U`$96`!5P#@\9DC*4'@*1$$+V`!4'`"%9#_`!:``S(^)12J)VG[.Q0^
MV.E9V$YP`T/E!D/3X:_AV"(6XA/@S@/F$_NLT;:T!VR"!!E@`R4`!GHT9GNH
M+*4=%\]5,=X=&SJ."JY]*_5PRQQ0`1AP`@^Q$2"@(0@@SC)`&S.P,\KS)J2P
MI"+]QLF-6@M8=IJE:)F<CZIUY5W^[OJH'6!NW>C[R62>U&;>W6E>KN$=U:EL
M"'?0**V,3G-^`B+!4NA#E@HA&EC2%E?R21H9,!H!S-G^`FR0`$QP)CM@;D8@
MZ9K'>06^`X0^`TM4`3#`K@U`5C)F`"7@`@50ZNWF\>$,`AAP`TT&Z$Y>E)`0
MH6.Q`-22YP:0.X7=!Q2@_Y$IHR<&P`%L0(D[,`$@0(LQ1>SJO._,GO//^>,8
ML``?$$DZ\0)-@!$.Y!@-L@,.Q```L`?"+=++:&E#\P%#T#6;%00AH%D\L)KK
MCH)!\`-`#>_P_N75+>9'?>_;/<K)3O6G\-11';^'(/#`T@#"$@HK0`)N6P`>
M<`%7.40!\@0A\\3"<"7-8@.E*A'=:J`6GP%2P`4[(`@:8@3K1NG;6P(90"@<
M8!A"TST`$+L+P13GR2XH!?.](_.+!S4>P%4SD!S>`>N%%'Q/<`,E\`7F5B%0
MJ!)!=@2//@$`\T^-$0`7@`-9'_686.QZ\V:OT>R`4ECFRA4,X+^\G@4,(+`8
M(?]*&47H.H%PGU3X3S[N!A@!<P`';0`(:F8F&P@#%&=)0P,_;P,C%R,C$!`'
M`TU-(4T#FI)#?2.@$)$A%P.GJ*FJJZMT87%F9G=Q`GX3<GPQ+#$*.;A_P,'"
MP\!T<G(Y"KHL.70`=K!F?GX-T];7V-G:V]S=WMJU&$QS#7-S'@(-<7XS10+O
M)TY,?N\"(B<G'F4W&"\&_QPL[``P10L``!\$U!`PYX.,$B]`C:`1R@"##`8*
MK%ARA0V-/C]2]!F9),G(DT&NE-!2H(`(!C,>A`%@X(J7#!4.Z`1QLJ?/GT"#
M"AU*5.A'D0=@(`!A@$B&$Q\6S/"SCMHW;@*8,'F'+9;_F:K3LC)YL`"`"($I
M$$@2>3*%@2]@9!"9`")$*2X8*G`HL.!!/:JQP%X=3+BPMANU#`^.$Z>!.@$S
M%BPH,`/`"PL9LA`!`6*'&`,ECGSA_"5+A@]:$B=67+A&C09[@`38<&I#!!-M
M).BVHF0#;40H*`PP\B8$@3=&6KPAT.+"<0)G+K0PDL`(HQ9)EI]9_@8"J^_@
M3[F*=N<./2VX=/'RQ8>8>V'&D"ECP<P9M%C3JK'>S]\;0W'DS"$`.EP]4,0,
M#2RQ!`-;U>-!`5H8T$$0(HS&V0M0>/`$`%KL,(,62RQDAQ8/O3!"!!3U$<$+
M)5PQ@48+=!3*#Q^19%)/*:VT_X`!7>RP!&H,G,7!"R#H!`-/126IY)),JM@'
M6P@LM4,6'&@AF0",Y<>?6%Q=XY5@7"[PP0Y([)`"#0CTE,*:.A50008E?.#$
M"E(P@0,&?/E%SS31"-;?GZS=\`"@VS!FZ#N1378`/E.*L$(%)?A@`!@6O'!`
M'P;LD$&5#=2R&J';N`:;;#W41H$25NBFFQD#;%#J&2B<0AP$;_``01`H)(`&
M!&@DT`2L!"0@['!OH/"&<P0XE\`BX36+RGBQE'=>>KOT\LM[[\67S#+-/!.-
MEJ"&JU@XXY1S3CUSM#/#$E#MT"`['C!0P`D`N.""B0@<``(&-SSQQ`<V>%#6
M!S/8`?^`#&R8B"(%2;UP!1%/O%"$"T@P(`F-)Y7D4XY:S""A`5I\P($8(EA:
MI(E]7-KDRBPW&<&:H"!P)`=7&$`"7S/$80>XK''YJ1]?7B,6621\<`,1:>6K
MXLLIO!#E`0MPX((3<^"%@1,XOZ,?8%^)Z[4WB'T]S9>=3A-9`3@PP<$,$WSA
MP0T9L''"PR"DR9D%+G;ZL]A^B!K;;+4-H(2JJU+@:@1O)#'`$&441T`$3;1P
M'!H7G,$#!<4&.VP9!*#00@0MM$!!L,Z6/@"TLI@G`'JY5,L>MMD>LRU]W=XG
MC55\YY[-?^4*B`X]D!4Q`0!/`#$#`UHT,,.`\D)U`Q+X+N7_1!%/*+!`!A84
M@;R5`%A0:10HQKS#$08\\38'7QC01Q,_1)#QC2BII(4=)W#```<>;&IIOIPQ
MK'++``P@4-R'E"A9I&9VD$K.=N:8+6FE2]8(FC6&MH`3:,$%64C!"-*D(AJL
MB0)*<1,#,D0"`;1$@?7H4I]TISM!\<T,>/A*EA"U``9@8`4KP``)#D*\!=B`
M2&F"P0LJ((,EZ(V%T_`;J4QU`#BHR@H?,($)!A``TE$@`4'@`0&N2(`1A&!7
M:`C!`-[`.2P&80A!*%8+!A`Z$Y#.=,U"G;161ZWU7`MVP]#6?.KC+?S@#HFZ
M(U>`S@69=WC@`PRH@`>*P(2#$"Q>_PM8P@X(4`&G10D$#.@7$`QPA!U`X08[
M>((2`,"&*T0A"FN*P``0P`,+3&``<-M1W49@A)YH#$?R,]@*;G`%*!2`*08P
MD5(D(<!B&E-%,#N``7<@$``L0``GT!DUMC:N!_Y,@F%YH`%```":70`!$1A!
M"E"T)DM=Q`M7X,`-9A"&&;AS!B?PE`H#`TBQA4UL,)3A.@3P`(]]80<<8,(*
M[N2$%W0S"Y9Z65)64,1J0#!W2@1<JS9@@CO`00UJB,.9HD2!,J"!``00`@2,
MPXB/GD$(7^3!&%$0K!\(H05"(,`/"("`(+1@"&^$(WCDJ#K6J<=:[<%C'F6W
MQ]I]ZX_U%/];><1AGFF@`Q\DF(`/O"`#,!"A"RT`PP*>,(,'L<T`+1"!`=84
MBDQ.``A?<(%D*K""$Y`@#$I`0A8,L(!+8L`%!NC>#:2@%`30@`9&2('*DH`"
M948)`2T0S00^4*\NH&PM;,K7`=ARS,JN3&D;C9(4B`"`Y5$%5%K11M!4PX0*
MO(,R6JA`S8(YSE#(3%,[,(`+W`:Q*9Q`1$G-K0N1F$(:%L`)&,A+!0:2`1P<
M5H,@Z$`1C;B\!D+T-7\K5:MZT`/?I(*Z&QA"!"!@A!^,X!`0&,(0>&"$"Z!@
M$B`8P`76UP0*),$(E!A!>R]P`1-@8A%#H`"S=/JL5T2KIW4$JE#_ARH?;MGG
MJ-3,K;CN8`9QT*,:3SW!!$Y``!]<`0P,<,H1.M!9$?!E"1-P@1@T$P4*="8#
M#'@"`\HP@P($J0`$"P,#RK0`(EVF`Q,P0,#XZM>_!G8D(R"L3H;<`C&`>`)+
M"$(%ZD9.F*5,)Y:-<I,DF]D#B(`#7*V%G_@3VFR,-IM,6$A+[&``.-D/94\N
M@2N7(`,.5$`$2]`"/M*18`7S[9XL["T_)=.2^V$`'UYP0MV"60`F>``*2([G
M-'474=I,%[N./@1U3Y%?X0CG$/J]].+R>PI-6SH`^CV$>`_!W^_P=%JMLV-0
M!UP,HAJXC[>KLYT!M50FW"$Q$7["$%I@_P,HV*`(16A!!IS0X0((P`!+Z`!F
M[/4##W0`#!D`0!9$,)D71X5M(G"!!Y"`!!=D8`G=LT$'"CL1'\,LR$G0UPN(
MU`(7T6L&!."`3L2YIC/UY']2SK=0)*NP$;@DE,O;&Y?GX65ZDK9!DX$Q!X[0
M;2),9`1)J8`%`,"1$AC``VP`P`0$\($:S!J)N\VSGB'33SYW4P90L,"VNUT$
M$3Q@`LL[`<_$%E'I^H:ZU:6H;UQ5Z4R/>G$4\/0I5*F*H!>]TY36=*E/3<=4
M"YC5K2XP[0[L1UE_G#^UGJ`'&D"\$RRA#%HP"`GD81`[@,##-9B,!W:@!20/
M8090`(,/7.`#*/_LP`D=Z,`26NP$>I'`K>*=@.`KX`,Q>``4?P6L!TE2V'5_
M@0$$`!G;!$#)%U!@W28:P0N<K._.[SM?*'L!!VP@X8!O>3]=[HK!P<S/R&!-
MXP88\9D@GMP.S&3A'"B!&`:2$(]?/7=X#F1O@5</?#PA`SZPP0Y(,`02!.`@
MB3I!V:P.JD;7AC8XM^[-1;T(4$?`TJD(-:@71^I+?Y_4G%Y$J$O=7_(`V.FO
M@_H?]/AJV\W\]_VYM3CL8`Y[A#TT#&`$!3$#'5`$'I`:4O$@-=!B+8<!'D("
M6L``,L``1X!.&>`"18`!3S`'?W<"81`&].-6G#$\.W`#06`B-!!.1N#_02(A
M!2@@>A:`!!G0`B200',``&]3`6Q`!%%@*3K!>9X7A&VA3`?P<"]02A/&%:?'
M&JGG):M'#UIA!P_03P7`!6P3@ZCD/B"P`![``6$P`!^@<CO0(EM50OAW9X/"
M6RD4%HBB/'%6!!:05P8P!#VP!`9P`5Q`&:YQ?UY3<]<W`#.`7:C`<PD`4BT0
M!!?`+-I5?A3P`]Z!"N)E=/FE?IUF:2$0*^QW.OZ5.JCV4_$'=?0W=;#&AV<X
M+@(@#@)@!R4D!5;B`SY0`BY``31S!1?869+A85YW`B)@%SBT`O]P!'@#!GJQ
M(_C@3@;`-C,0`KW(!21@$;H7!%$P$2A22QIT_P"$1297Q@`)0`);.`-S4`$N
M$(,H9B)%^"1">(XC(5A*0Q$&@(0GX%E+J!A-&$'T-$%:<0<U,(63H00G<`-#
M@B8C``)?4`05Q`![L`-%@#42!S(?4(I?$WP?]PX?@$@]T!12P`.)J""1L2Y<
M07V$8GT3A0`G0`&$D&F^@0A!8`3=9725*`D,0P!&@%\4$`FAMEZ7!@JH,).*
M0P%-,`*+L#Y]<`B0$Y2ML(ESY%.N<T>L%HI\9'](Y9#C4@,!Q1`%@P(@<@19
M561(4`([T`$NT%F106V"MP`BT`1NQE9<L`0E``429A`T`09'(`;V<@10``!I
MPP0A``,`$!=(4`2U-/\1&D2-'X$"*`!;41$$)S09*U``$\8&)>.#*N,^Z.AY
M:+*.`<D`/Y0\Z1"/AC&/8U./8*8Z)<>/1V`Q?:`6(.`4[\@`4W`1OU0:'@"!
M4"DN(9=;?I(.J&$`&,`#/,`%MB4";$<PKE$+'@DH?CA1)G``A$`(,V`XM`$K
MG_`("?!=0<`^(/4#HV,$PC$"00!2F-"=S2$=()4`%'`K$.!=A4@`(R4Y+0`)
M(!4$WZ4*3(>4JB9_\^=JHNB4Q3F;W.`:#@9-`+`"77=;!$`$_V``(E`&3Y!`
M,T!M```%H9,"_U2%&``"PS,#P?4!'=!NL249)6`#3^!B3L`%!P`$'?$%%9#_
M!"?B0;0T6121!!4B!B5P`DS0`@P@%0]0`&6P`@Q@`/VX-C``97V0@I/I>4\#
M"B,!&AXP`:DA<*A'<*K7-?9H:V;`3Y"A!&%@`PPP$FGB,!70C`L0!F#0`5*A
M*2)``GO`GZ`"D?7D%6R8<!R``5P``THP`QAX`Q;`6.Q"BN$"DKZ!`(3@`"JP
M`0:0<P/P48=H'6^P"6=`'/0E4C`I',0Q`"G9G2;0G3P@!.^%!B!`'$EPB(\#
MJO`9+-V).6(DGT;Y?IZHE`/&E$95=6HZ+GX07&U'$S=0`$^@`V%``@00A[J9
M`%(``/%$EI7Q22W@HWS&!<KJ!#A0`3I$`BTB;CM0_P!0<`6V*!E3```=\0(A
MD`0P,!&@4`8N.@(\T`4+MP-V@`,MD">340924`$7\`0&6*&&]2245:121F4`
MV1(W``+)DX:$XIE``YI0R`2R`#P/H`03((Q#V@0($`5>L`!#,"\S<`0<,!D6
MX`)+$`9.&JN%49OU%`VWPT\E=W<PP+$9L'8<X`4BP%@>YUQ\<YP[%P`.4+.`
M>G-#<`9!D`0\$`*8TUX?)01O\`9"8`0$4`9!]T5G0``P\`9H,+3(L:@4H*G!
MP@.2LRR8(`1+^U)&(+1!0'2I,)\!]HE+B9]-B6`>6QA86@`8\`&"AP3"U@0Z
M<``U,%5>X`5=B`%O]XY2`/\A'!`Z(+`$).L&3N`$',`%ATNG>W`"GB0#/D`^
M$S`$4Z@$4_`$;&`#,,`#21`E'W$`9>!7DI`$8G`%#$`P7!`$,>$7#R`"3(`!
M#"!X)1`O]0J$^&I9_)-9,.`2(O`$U<"9A2&PV%2PLK!/`E`6#&`!)18*1"`#
M,`<#$[``/O`0E'("4^`&`)NV@=*QN2.R^S2%9/$%[#0!5V`!7_`%48`$'F!!
M@ON4?0A=LN%H.[<!-5NSU=4#00<KG=8'BPH#:*`<(6"UQJ&=%-"M6G0<0?"_
M"9`=[95&7<12P;(^//`&"1`"W=6S79L`1>E^G9B4JU:V4G>VL(J]UN![UE`>
MC#'_/!AP!#9@`90"-UU`$[*EFQC08F0Z%3/0MQ-0@BU0`AOG<0\`!V[`!5A3
M`$&\`%%EAU^P`/,#3_A@!T]P`A9`!-W:$R-0!@V;`B)@HS"W`&Z0`%,(-`\@
M!7CBHP4`!AGX@_5V)HFWQK7;,D2H+TTS9#!0`OVROJ`%I4XHI6!6C\7[=UMI
M`/K2`2+060@P!6U3@&+U(I2AO2*\3W90"ZX1!U[LN_LQ?-I@!YBL$)#A3COT
MH5_P`E_`!D?P`AOB5@)R6]<0!TU%POLALSJG`H*J`C%`"!N`.4D0=!00`;T"
M'48K+,=RM,(Q4Y\:!-W)4CO[!C!``9GZ.9YCM"R5'`20_QT_T)W2G,'_50NW
M`'^L*E2N2G6Q)L(C[%RJ'`=XL`<`4((W4`)@8'<W`+F/MRPD0`+)*#`/T`"K
M6P`E=`0$T`$A`TV0`0=P(!E</`-_QQGB90<SX`9,3"\+X@)=T`%=``I09L44
MD0(6T`(65`!P\``)P$^Q\``K0&PG\$D6P`%%8J]GHL:)U\8!-&0G$1$\@4DW
M`!6O80W[V0W`2[!B48_Z^`'5>@(%\`)71A<@`$^,!15R<J-3`<Z`,4,3Y$X"
ML%@?8`8),`=ZXC66G`W00`N)@<D`<!$,X`\5<`-04+Y'UH%SH`1C\P!W4`TU
MS1]^JG-R+444U0-&T`2N0EV%*/\LY"HYMPQ?*1,!A=@<(S#8,-`$M22=8@0!
M*EJ(U7D!W1D$/'FU2B<>1DD+MC"VVXQ'W3R*[)NV#:0.L[`'$=AM7?#)+U``
M_IAC!;`#05`"%1#;*T!M@])53J#$-1`OS_!,]3"%Q=A.7P!B)#`"RNH&2B``
M.[0$TU8!4?"_.B%95GPF+]`%7D!Z6C"%"6`&#Q`8*P`")R!Q25P`Y99X]_ID
M^,;2*P-E(Q!,/8B0!C!AK-P?.:W'PBNE4^@$?C`W%?`%'/!M&RD9A8LUP(4S
M3#VP7:,:`A`&;0<5(7,#^'C3AI'5?-)4TU`>YE$#,)<!4/`/F'06>#.^3S`!
M>[`'=J#_!%]LPHL&U^X;`#87OS20UZ=`"/;[?11@O]0E''TP10.@2I-8V:2F
MX[B,"N>'R]V':4;NXW*$V=F\JAW<JF;[JM_,U(W1NYC,=31S54E0F3`0!%52
MIND,VS>T`HQ%,!XF%7.P`@M0XG;P`7-@!WMP:SYJ,)$B`S4S`4J@T$HP(EH@
MR&'-K2C0$R\06()U`%T@@RV[!QS]F7>PF!J*8CRQ)FCR5X,^9/K"&4B"WDWB
MTE^0L2JQ3B$"X=\PWV"B%7QL0@O0-OX8&D\@&2<P&0%5`5IQVU)1X(;"&)[2
M$&'W!4<P@6%0!'OX-1).%7A@#;#`8._`$AF0/D0(`SO0[!>V_R%N&78)8>'3
M!.K9$->&4[^1)FFN4N,UG@*.]@FJ9'3?)Y.85FE(9VF3F).=]G/K7ME)CLV:
MW>3<_.3>S*?\F273@,D0N``(DP+_>R)!FLX=TV*W^EM5R`4?L$/VP!<MX54%
MXY:Z&@;O2"]L``8!`9Q:$`9N.Q-.$"^<`?!9OL8_IEE2P`$$J062+`W%SJ/"
M:H!#$DPH`DY)(Z28WC)(H1,(6C%9<`,MH''I<,>BI=.D+J5[]F$MXCW.M#RN
M9[B%>R6,#)6U[@?]=X-+,-9KN2D)H`24W#-KV`W$V0"H<3VQ=9IV<P!.@&(G
M<#\<L`,2QB%6#0U)I.*CPN*U8>.YK/_CJV0"N'QSSEDJX(?N/<Z2N8QI1L>2
M0HG+Y"Y>^$5JJ$H>2C[O]MG9^BGE%.X'I'T"-H!0Y)H$VS0"#!`$&5=",Y``
MB>).(N`!NZN+E,%8'<``"&$0*N=L]+*KI#17;(L$*]#V;-=-8L497J2B$8`B
M@4X#^R,%^<//'\#1ZP`+<;`"5LA8)1`WVW2:\W:D*((BX'KS2L(F(#!$+I"+
M)*#$GB7T!4??.ZW'D/%;[YT%1T`$5A)P)7="?A'U^.=0?C`+=S`HZ0`(`@!+
M%B).,SL64&5*?HZ/D)&2DY2.#9`"#0*;-1]:`%I:.QD[!C1]"'U](!TB2QY%
M4B)(2!X=)P#_'P)WCIN5OWXU-0U[0`$;`P,;/3W(R<D;",LA23S5(R%-&Q04
M`T/=R11]W-P#(2/E%",0$2-#WGWOS][/X`/=Y<\F<A-W9F9WX@CP,T$.GQ@L
M8BC(8?"/PX<0(SJD(T=.#@4(6>2@`\!.G'^6@(D<25(D+TL`)G!`L@,!@A`B
M2I18T*&%@24?)DPH8@?$#!(@;ES)D$M$@1,3%K2X4>#3%S$6+%RY8@!`F"<,
M;'!8,(.#"`\VCIQX,FI'`1`'J+UXP0##A2(A2JQ=4>3&#"TS!"0PX^?CG14,
M%G`%0.1*%`H'1APXX/*`JA11:-`8<4J5Y<N8,VO>S+FSYA2G0'Q!_])A`@8,
M1V<LR'2I9"4F3";],Q,'$^Q_M1\]6%"`RY(91DDL>+#I@?'CQ`>Z7LY\DJ\X
M'NW,F;YDPI,2%@JXW`&&0Q$ERIN[-NZGP9P9)Y#J_`"`@0<+1ZY\>5%9,@@1
M/JZ(6;'6`(,.'HB`RQR/^-*<,,08TP,T&VQ@@@E33&'"$`TV^`8!!+1```0$
M)+'@._B`8P0*]WP3Q`7W<'-!$$T0T$0R(,XCXXPR[A.&/W<$-%!!!R6T4$,2
M!?D0119AQ()&''D$4GGB-=DD0.5I,0&`%;R```PA%&$#&!YD(,828(!1P@YE
M:$'"70S<0(0-54E1P!):?-&"#Z0L84,67_]\L4,68.P@Y01@6+!#"1U4P(![
M'`"P0`91=<"$!Q[\!ZD(+7@@`P=IWI#H##,\D$!M?JW`10%.++!$%GB.D`IC
M""RVU@LII$#9")[5:NNMM:80P2JCE:"%$SA@,.IJ<;3FI!^PR8:;;4PL6R!O
M7#CQP0EGKK9+<<@9>.RV(NVB1!AAA"+E"0Q<40$,+F7U10+HU<`M,`,U0`P)
M`*1451@`E.`%%%DP$&L*JD1``UML6$`$#""\8``%+^P0H"?&-HE@,<<P:()+
M..``@PD;T+#,&4ELL\P;/VQ@1!!)?!-""T:,<"$U1E@S0A,)G#@"#T8($00*
M(PQP00@T!EVC'#?_`J0C008AI!!#?`CI-)$79;111Q_QQ>2[6%-"6P-26I!!
M!2#`@.X*0>RPA*$=E'`$&_JU,$%*3X@@QA<E>'`V5^P5(8,-+GQQPPX'H'O`
M%38`4,`'7USA1089N-#!`ARXP($62TB:P0TM'&$#`P)P<(,=:HMQ@P6*<G7"
M7GW1!IA@/W5@P1<&]'%`P@PXP8%,1#"P<,^X]N[[K32XA``(\.TP@18+E,II
M'+D=FZPDLS7OAP"WT8:):@5@X$2U#_CQ`'B/"!1^UEG[TOTG'_"V``-0>"E7
M`5VY(,('"3R0'OF2:,)UO2E]`<8-[&G/%7;P@BA09E>+:57"#*`8"L1J_V`@
M,``2+#"!#_@A1R=ASL04!(T>F``'5`@A%1#`L110X`PHXT$(4O`&%&`H`6=(
M0`C0\(,+O>$-.7L##VA(@""T@&0X%,(/C1`!'`KMB`.P$8Z.QB.E_:AI3@L2
MU(R$)*HM*6+X(Q\O*.<#(AB`,2``@0MNT`,%3``(EM*=`3A``"0LX0E/P$`0
M2O`%#[C``R3X@!T`(((CC,(#-S"`3R((!0\HJ@`3&((!`C`&`U@``Y!S`0.F
M<)<G:.$_!IC`$F`P`"E,80B0Q$`'N(`#P9P.5*ICP`EXHX43>,`+1'A!`2I0
MEQL<(0,RD($/7O<"Q_SNE\"\3/"$5X#V>>`!=O^`7UZ8QZWG12)ZS')6+S;!
M&R=P@0NKJ<'WGM,`YGDSB^\2P/D`8(`CW+((`>)``<[R@BSX@`T&V`.[W`5.
M2#2@(QA@@M=R>80E<.`(-Y`+!3PFF<4P!AUKZ<,(1@":4[S@"QSP@@&T<,$<
MB6>#%5/&@T08PBD@@!DT0$,/6Q`$&KPA`6@P0A(T1``C]*$)/`B"$6I(@2:@
MX8<4&$(24/"&&4(@"`08@1!0A,2@*=%HXFNBCY@612%5)&I'FIJ2K(;%>G+K
M#IG00@DR``41K(!007`%&Y```/DAK(`W0`(;WD:!(%C@!2!`00MN`8`GK.`&
MM1-!!UZU%BXIB@L,>`'_#+BP@Q,XP0-.V($+FH*#%50@!"A8`0E.4``<0"`!
M7$"`$D``"QPH3P`W<$1N`'."!\R@``*HG-?DMP/O89537\B`4=:BJME91E?!
MS"UG!"8\N+JG!`#@5%ZPYDQ(0+-`L&&F)*BI&JXD!ZM6Q5I`[`F`+WAM3#LP
M"P@68(`=`(@J'SAM$.P7GG?5YA("F,,]@>.!+'3!4`QP@?PJ$,L7+#1XLC.H
M*M2A"LI(9J$1*%>B-C'=`PV#8@M2AH-`*$*/#B`%`S@#"C80`1.8-`%"U%`"
M"$"B/ER`932UZ0\'$(`+\.`-$$`#!D+PAB"\H:A"VT<__F%1I/5H:4!J:D3X
M_U`DJ26I:B&);C@W(8`:3,`"-B"<#3+@`0Y4P`=@.,$-0K`8&D0A`:-A``!,
M<`,P,'`$0=#<#A2`@1N@1FQ\/4`'B#(#)[2%"5)8P0YF<`0&C*(#`K`#*2L@
MA1"$02<G`$$9P$C+,HS*.$H(;5_\,(<5.$&<;3[$$D[`!28LP+"#/0T72&"`
MKW#@"XPY0.SZ0`/<ZO;4F-'58D:PJZCD@LCE<1<]Q5/<1QRW%[7&Q'&&8YSR
M"OE8&'S$'"@W%2*D`*Z+`0$#B&`!#V"`!"1P@O:"<((:^+HD\HH82,RPB3EX
M8@DEZ%<4FD"K$5R@">3.+640,)H*`$``I978@8WAC/\&F0`"''7P-F(8@GY3
M`(<X_&G-"+"B(!B<IC!`0P)0'(*6HEC"!R"`$$@$XZ#1(0Q5LZ@`M)"TI>98
MQP_A,52K.-4@_]I)OA#G`@8Q@PJNLP`=L($/VM("+O0A5E?^@@@L\(0!M$`^
MD_&`VK(P`2($"'X+4!BM$%`!H@A`-0980*4OL)-/$Z$((GC;$I;PA2QX[0IT
M%-#;#!`@-W1*`&;XW*(;_>BG)^\TAWLW!J1`=[J+H`*3%4$1,L`!P2J&U*9&
MM>!5[9A4E,`&<*K!"5C3S-A`3YK3RS4FQ)FMDW,K#OYX!'LZ@`3=*08&:R$"
M$C+0A;O,@`D54&<0,M&D;/?_8M'&L</^'(F$"]A7=ONEP*[4K:H47*$#8;"#
M-N6=H``D>!D]\"@"/!J#9!R``@2XX<M:H,(;;F@$T>?PB8W0@@&T*`0+#W@+
M(*`A"F`X'A6GT<4SSHN-=QS'4`1YR'L<U1]?T?(H+\YIKPF#C!7`#I%S!#+@
M2BW@&))!,R]P>'UW!3)0`JA0!@40*0`0`K&U`DS@.(&E*AAP!$\`)V:R!(HR
M`D]0!'+176`0!#?`!@QP!"T@`AS`;!E``#<P.DN``2MP=IN@:+7!=I!6317@
M6*@'&Z<QA"N``7?Q`87!`&&S&*16&8*':H2G4'W``39P%]86'O+B)))W:Y'G
M>+]`_V2PAG_OT@#LP0!%H(0#D&R)<`4,H!,+8(/:4P`+L'H$(A[9EFV^0`SV
M8@%>T"^L,@Y/J%`ND0(6`%QVL`G2XQH856\=DT0/4@X>%2*^5")2&`#<0"L1
M,`2\DU,E<@'H<`]]8`(4``,9(@_I)R/K1V/MQW$W]D3R!Q$B1T52!617(X;-
M@2U2UUATMP+!P@0=H&49D``%<',T@(`&``6B<P-B4`%74@88X`(&``158H9&
M\1X,%`%-]P3'(P(SN`!:,`15]RH+\`6%D0%%@`(SD#`@4`!E(!I#X6S@X0MJ
MMX..M@D-@#W2Q@3YI#U.\'+Y"!N7!G8@T!A](#"!"(41P/^$M$*%)Q`*".)-
MB;@<6PAYU..%S@&&MAA.7",*2(`!(#`"Z`("1,`H!D`N';`"1=B/7'$#8=AZ
M\K()W[821;!7@L08,&`9#;1[P>02?9`XP)47UU82&'5\]L8Q/4`!SA`!\U`.
M$9`.X9`.^/`.0]`')6*)]S``37DR%Z"4IXB*&*>*T\.*3L14K^@0L>AC5D15
M&7F+E/<`I((!&9,Q4H`!.?$!+E`$2:<G#)``9[4#75`$?2<V95`!+C`6+I`!
MPM&0*S$?+V`!'0`*"Q`3CJD3Y<0`H0$"L;(6UI`8"@4#/X``#^4E1DAD=Z"#
MC%:/6+4)^/AR@M&:R<,%-N@$2R#_D`2)`$YXD,&D:@BP4%-X*3N0"Y<`D5IH
MD;9&D9)7(-JREDXB+Z'0:5T0-B[Q`BM1`2<P`QA0`16``>HT'$_'DLG9'"_9
M"5KP`25`&@041HG!:KBI0`P@`T2@!2`P$$$Y$HO((,Y``1RC#,P`#N5@BCGU
M#2'B#=_P#9GXE%>9B;K7E/G0E<F0BD83EN_GBF4Y16A9<K6HG"0!A@(@&*1"
M*EQ`=RUG`"XP5PS`-D@0!(&S&!"P`O-A`*/1`84Y`9B#%#.@,(Z)*74&"AW0
M)^Y1%;&U`S3`*I01*]2P*Y+1!T;@$A%H9L-U09\3$+51C\Q$>:YY'&TI&+#)
M!8`"!E]0_YNT@INY17CM,`)4"`5%<!?!^4U-,I'6@US$B:%9Y`DG4`(BX((?
M.3L5$!-G8H/ZJ)*]Y@<WT#WS*1*Y(2_I(248<`5>-)"-$4$`<VJ\V5\'4`!3
M80#AE0F#"@Q#:9]*@``4<@`#P`P+0BOA0*KDX)11R0T@LJKD,*#=()6FV)6I
MB`<:IU3P5Y9_0*'UEY8F!Z?=P@DU@!XS8`!1-P,K@`)<,`.@4`8><`0^4`)0
MT`+HHE`0,$%7$!4WX`57,`%A@'5/%P(5,`8E<`-%L'>XH`4!]04+X`([\`2+
ML@,IP"H((#`T0`V[B0XCD*2@"4BCZ0BE.0=0Z@=26AM@F!R.(/\,5VA:,^`&
MTN)(8+-JD0JFP$1XZ5D"EV)FXWF'5>4:;"H]%>FK5J4%(X@$50("#).`B*4%
M!2"$3N`&O$9DB2:?XJ&F-0""A&E["F50LQ,KJ/:E"[46LV"IG-*2RU&?"C8$
M2F!\S:`$S]`'%](S$8`&00`CX7"5+?`#0\"5XJ")"3`$,?4-[L")?6"5KRJK
M7TFK[6>K$OJ*NDIRM+BQ(+M<P)H>Z6$`Q,$$*_!R!2`"`#`JY$0`&!`!49`"
M2-`"65`";',#68`+9X,>E84!EGH"'Y`39L)'&=`!.W`$3N"N=68`O72OBF&O
MB=$#+U`&(P`".T`+HRD,@&H'`3NPD:#_'!%I''=P6H@4.03$A"\@L;F9D(FQ
M`2,@`F"@LDB1J1+YIG[`A1\;M_AS%T`02)_;!VQQ!2M7::@A&`8[/0,1J-,C
M'L[R1HKE+P+#F_H5B+3",`"""W((E,2'8-"0A@B@`AJ@`AXS``C@#4(@!!`P
M`"@@1,F0!"&04S/3<$8P!"`"4S[S!@'@,^\P`BB@"N;0!+IWE?8`8[-:JQ%*
MEFS[5+)H?VK)O%\(AHJ7'CC1`'@++1B`64/P!#,`!BUP`100!5G@`HMKP$/0
M!0K3,$WV<ER@3J32C]CT`4O@!#'G`P4P"%M"!%$@2!$`,"\A!7C:!5V`!"Z:
M!>;2`7DA#*`%_[#,-+#*!2^[\`!P`#\"(`)LL!:VQ;L3Z[L+U01"1R]:\'07
MNJ;(J[S'"<)-,@<I`;T\&057X`%:H&FE0A[AL0EFD`#&"PS.TDH>T`6>.QD+
MM2KY]82LU@2NLW+J@Q[?*93SEE'(P#$:$,HJX$$-$F$*-P!`]<(W=2$7(`1O
M4`8MY4,<@B$$@&%!\`,=(@08<@8M@B%"$,!EFWX7G+89_'$@U[:S>']X?)%A
MN'C'`PH,4`'-E<*\J`,K&`394Z?1;(,HF0!%N$[.QCH+4`7YA)+"LKZ3U14D
M@"]5``9(L',=D#L[``)P!@)>@1TM(!5L2`0W6&36]CD"0(^/]L6)W/\+;@D#
M4[`#,I"!-Z?&OX1;A0<#(F`#4C`!#4`<D#!KS=&QS++,^?<(]&(`8N"YT9D%
M2``_'+"=O9:'QL*]39(C.]@>?0,KH($*!,F$O^1+_=4.%``39L.M3S<#5S@^
MG$R&]`8-$1``1A#*H?PO"W(&&.(R"=`"31`$4H`AK0PTT7<&%[!P/-"_/#4$
M+K1#."!4&V9N0L`#57N*PSP]:JO!\H?,'MRK'MT+PW`'2B!\.`$`)\`!)[`#
M#/`!D[4`@(D#AV@#!,`X(C`$,%`$*]`!)QD$*\`!I>(!7``'QH$]*<T!7``#
M;@`#PL(%(+#.Q!H&.@`"*W"8N91+,Y@!7@#_7%I0*5E@LR(P`]/E*7/`>FPW
M!Q$)QM2$35K@`6?,&(_JT+C24`_4*DY@`2[@;>21O$M":W4,><B"O'6MJ0B[
M>#.P!T<&-K:9`IGK*];D!-E27K51FG=@!\!0+`@[30*@!%"J!(0A`P;0*NL)
M`P(C,*&'6!P@`V#P`EI@!YI<9!5U!Q'CNDJ0X)FG>.[2`"1@#/.P`0'`U*%<
M(<EP!D;04F?P`^-W(5!]`6AP`0?P!D)P!F"FRS>4!&]``4E``%+P!DTP!$)$
M`/=P!D"#E15<5&TM`&]MS#HFU[PZQ]?=`#5P!WL@+J=G1TC@.-51'890*F9R
MAI([`QU0!OIX&D6`_P/K*P6/IKU<02K#$5Z]$2Q'`6B],0-V,)ZFQ1LK(`*Z
M,P%B4]%+L$:R!:PUD`#3<PF[W=LAK)H+``-:X#J?6]S&#3R284(C4``,8`%,
M``#'X0BS,9S*TJ:/<,?730D(6V0"0"\%<`0%P!@1\`5=T`$?\`"H4=[AT3QV
M48>5P-ZM`:4-D)JF!0`<D`&"E0H'"9+"0P,&P`89T!0=X`,^``4!7F3&$FRL
MZP>+9\BX\73Q\N`+/`\>P]0.X$%7*6$M($0H$`0U`V8N,E309P0G==8<4D,.
M[.(P;M9O\#-IG2)F^Q%HZ];%'']QS<$5^K:7CIPUL`>YL`.I70:!Q0%BL/\4
M8B!)MY`\UL0N*YNG9="/Z]3PG7('7`Z&WG8\)/`G'P`_(<T`'&`V>%%I3`!8
M1[&B<\X`4E`!0?"#%<`%'B`%0#D0"9#;>NYHO+T<8(@]?/16B4'HA5XKDO%?
M#-`%=W07W=,]T&TUTCWIB6CI^1X)1%YDX74\K<"H*3!6OQ$MJZ&]&+EH?F`'
M+,GJE%`LKX[7,)UM)#`!$D0$]GV0CJ$JH*DO!F!)6L`!/L"M2C#@?<$\\H(@
MP4!/<8#1#%X>T![AQR"_#G"?/1`!!/#50H`-+3!#-X0&+B3B5PL!*-8"9X!"
M3:`AW-=PM()BX??+[L[69XO!K0C7QVSONVJA<+O_S$3.[P7@`H\DAPPUQ;DS
MDBX07+R!`2T`&T4(9UPA&!#H"Q,_$.R1%"NWZ).3YHF`!$-A`S8`!4C!!2'@
M6($5`E+P*CAP`="X3L:*`Z'P`42.Y[I-\WQ>"3?/*0`0%8+$4#U_*[@N.Q>`
M!'CB";MA]$<OZ8]'Z8X`"$Q,?H2%AH>(B8J+C(V*#0TU-2<G3PP>)2,(!U%7
M1$M.3@\/`@V$`J@"B#<S-:60L+"(=W=*=K<"$P``3R=760<'?</$Q<;'R,/"
M(Q0'%1D<'$Z\$VQ+85,D$UHD?G&&DJ9S<[%^DI)^#21``0/N`ST]`QL;\4H#
M%#T4S'T7^\P70C2Y,*()_X4!3?I0,#@"`H0#0_HD;'+`X)"!+8S\0'/!W<%W
M($."I!,FCAD\M/SDDL,G!HL8"G*P_$.SILV;-.G(D9-#@4L6.>@`L&/2#"%3
MCI(J79JH@8`X``IX,+``!(@1(T)T>?'E"Y(6$\*`*(`A"!,,&)Q@6*%JE(@9
M6N(R*7!K#X`9'3QX*)/!!A@`6DYDN%*A*P<+5ZXLT,(%PX()$V!@@(QMBI1M
M6B:@A1RW08(YI?S,6>%DSC>FJ4C->*"%@8TO5VDDFTV[MNUA"/H<0("@B842
MD`LL&(74C'&FB`0E,F[F="'ER*-+GYX.%>0,4%[P'I'%QH0"3H8_,`5))2I#
M<__LW#BQ!/6<#W'C&ZC@(4,&(C"$W=Z/^P!7(BY4P,`--F"P!``E$/&$+KL`
MIL4'>YAV5`,.QO?!)"?4D,XZ[;S30PI#T+/!$#/DH\\[0Z3XSD?XK#@$BR^V
MV$>+!UW4`@%O).#.$!&(Y.-()1F7TDHMO1333#@E:1,?//G$`E!"$75<.M15
M*9U1`GPPP0T,6$6!;#SPP-L+#+1@P1!W%7!#`<+-P`43H*G4P0P+U%G!#';L
M88<6'EA@P)\+,)#!$I9D\,4+(`1S@`%(=````E-\8$$++;Q!J0P3E$!`"S:<
MX`,!F[8`Q@D`%/&`-Z*1)N%TKCQP!P`69/'""/S5:FO_,9I@%<P"7URQPP?"
MD5((<U5"=PASSJEDK)7,,@N)`)(`4($%A^9V`1)?G(!!L*<H$L=[<ZRWRWFI
MG%>(4Q]0LX0!7Q`AQ@U=_)DH;[?:A@`('!Q1Q`(('E%%!D5`(<,1-<R0[PT=
M++#$"7'=8D<#6BQ1`A10,###+EKL84J6[(`4CSOTQ"/B020/$&.-);](`8_X
M#`%21"BZ?)`)++9(H\T_DE34'7&H,@%++L$D$Q]*%OT'DSW]%-1011W5[-.-
MW.''`W,`(`81+P1#`P(\)(%`?BF(D84(I,Z1@!L@K,9%!ZF<8`$2113Q+@@?
MS+"'%BYTL,-5!3`@ABXER&``_PR;#-.)`0`H`0`41W#0@0\^5/'`"BX<P88,
M8,@@@Z]$>"""9^BIFBQRK;*V0P8,I%#OZOMA-<(!8W&0P0X3U$F**GX02]VR
MPQJ7K`"\0RV\4G%\.P.I@C%``0P@B&#!$E]P48"P*BF2GATD%`'`"=LL@<H2
M-31P@KG?!E;"%4BX($8&)1QJ%0B\Z<<Z,F,%R.`"16Q;@@T6V&"#OB78WQ%L
MD('%D.`6VN"`#S:7`1>(X`NZB(N6.O:.>N"#`O40T8XHP$&/?(0""CE("%>6
MHI69D&0@#$`'^\"R`+@L12_LX(_<H3,A]<P//RN2T)!D-)P@S4E08MJ4D#*\
M(L9!:O\/F,$3;L"&7,DF!%Y#P`@,X`(+B$%A)RC#%)2@A#DPH`,GP),6Q%`$
M#BR``RT@`@`$8!<+^`E^!<@"<`#``"^D0#N;>`$2U`B`"3R#"""00@L>L``1
ME*$`+B""YJ`@`A3`SC4E*,(<"C&:THR.*:TJP"1<4`+XS>^3R*#5"`(E`@]T
M8`E+&$XJ"*&[Z00O=[XS!/`&4<1:.J)XI5A"Q/;8!Q`0`0D%.($3"K`:W.'N
M$..XQ98Z<(0*`,`5['%*^#1T%"UP@(E$8$`44G#']UDE&*`\Q@MDQ[WYQ`H&
M+_@3NRK``0.D\PL[*,$1OJ"%.2AA!MHX7U?:)0(D(`$*CYG_`(="T@S7T8!%
M?0"50D/P0I.A<`@)X`&-9$B!`##C13I*``I*.(`(O"A&+9OA.VIH!I[Y#&A&
M&EH/D_1#I46I:52RI?"..#4!++$"?1A3'\*T"1`P(`BHHX\+;J`#C#$``Y4!
MP`U$D,XR$4&@6J"C#1B`%0QD`'%A,(`7JG6O.AI@`H4JP9\2X`&WB<`)("A#
M%C`G`BE(81,&L(`,RD#$2JY*.AIZ`!P$<`(D=#(_X0RL;/`E`B8,@00D".,,
M5@E+H^R.EL>*92%F*=/*(J)X<8A08&P@@B@<P"O68--BS84(25R/!`!H`1+`
MH+T/<&\7KLT0(<IW`C&HLQ@1@!T(_](96&.\(`LNV($%,B`"(D2!5L,8`0U&
MP$WFOF`!I^-`!,,0!BWLP+8&L,H+=D`$"Q2!"5&EX#LJ`H$0A.`",/`@&H(0
MIB2,X`('&``$FM`$\[Z.`$:@``1XT(0!P*"^%+@`#R!``1Z@H0E)",%"DN"/
M?NQW!!ZLF4A(:E(<HG2'1%OI35KZI*5)R;%$M*R5:$H*I1)A-PA`E%9`8``.
MN*`%+9;!_EKPA!F`X"Y<B($.=#"!(%1@MQUHP0AV00(G<,`&%3#`"`(GUBU,
MP`M1R%I^K@"&:TS@"DT<`1%:4`$HV*`*NS%"%V10A?6)X`+LS,(1Z$I)T5$'
M=POPPPEL(/]6&$2@MZ"4311$P`$`3`$&3O@"N4[5V&)!UA#(DN4K16Q$7&9F
MN%]0'1$R0`D83*\1IKU%&"9```Y$\@D?@,\,"M!':,WV#A]X@ABZ=(`(R$8W
MBH(=GHEQ``P<P0<68,`"7O""*"PW?L;8%>/`P``#D("Z7VB!E'FSB0)TH`P+
M>()XW0$#"*#`"&7@`0Q,1($S)*&#%"``"D)`@`2\`4<MB`!^0W!N`C0A".=F
M-XY^D``A!"$(/X``J-[@D'.?(0@J<YE(*7S#'`;M2!G6<$YVDK0.OW2(C&X6
MM.80&"\P8#<'8$875K``>9;`!VQ``1<6,"D#9$#&^8+"-$K`)7;_9>`&!P#`
M#JX@`R1XX`+<A$$%9."%/83!!FSX0A08P(`C%"`;,\A`%#;1`0)E``-72<$/
M!%4%&]S@!GT9F`5<<`(2D.,$9VV`U*:CA#LD\0-:94`?:!5K10%[UK3A9A]@
MD(4K&.`$7`A/N8[)+.CL/=&3773$GT:*9&JA`!F`;SJAH84%B(+0BWA*+98P
M`080(`K/^"HOH!"Y,%"B!K$EE`@J@"A>FUX9X(2[?EZ@C&#+C]8'8!X&WI88
MQ!@!!00)-@Q68($3R"$`&P#90GB0@"`DP`@7&*$0T/"&<X\@`6A`@Q&,@(;S
M5I\`/S@#"MY]HQ8@N`47($`00B"$$91[_U,1^`$!>""$"S2!WR`4^(],P(<)
MN((0=A"`'<+`DB=A6.$UH1--XE)"!&*#5R7A4#4S]P48AQ7T(0*S,RD6<`%6
M40$$<`._<07O8@,>4`%'$`2I4P)((`((8%U>L`,[$`5K1P/,LP,^X`1:4`)@
M0`0:B'6(10*'H1T'4#DVX`)<D'$T\`,O8`,<\`%Y`5U@4`+X\P1]-`<G0!HT
M179FD$03\`6KIEQMEX5P5QM+YU-85CNJ5"Y0XW?E`GBG('@'B("HD!YA\`%0
M8`$1P#Q^,P$"$"Q\YRVU\"`>T`*'D@7L4U0G(`,W(`"9L0L3P!X`8$I?X$Z\
M-@*LMX6@A&*P\_\"!;`##$`$1.!^R15L!6`#1$`&P"=\34!\]_8#R7<0/8`&
M"0`!%P`!/1`!;W`&?6`$!'`0;T"+]08!`V`$YZ8C$-!\:-`"$(`&X18$V&<R
M;U`&9P!A;Q`"(35#)D`'='@*^;=_?,`'_A<#*@6`?R"`#1=$'^8T:8A7KG`=
M6/,U![!<(1`$4P$%7G`##!@,3O5.%;`"!L`%ZE,$39`"2,`!3,`%VV`![?0G
M6,@\,E`!'Q`XO_!5W,`P[*,),.`",F`#15``N3$"/]`'749'&,``E7,$67`#
M)():)+`"7&`E2$2(UW5<KY.%L0:)M,$\"\`&5W`7"[!W=VAHIU"&DG7_AH<V
MCA*G"JCP`0+0`40P#"]P!8[")C>9DY=%"]LC!LI&%1P@!B^P8PO@`Z36>-$V
M`>DR>G]B>HX(DY^$8H03#-Z$%6N'7,2``(C'`;\7?/.P#R'P`]/'7PHQ#]J'
M0?E`?4*0!+SX.FC``]@G!,YHC.4V`.)G?D$``4)0C.4V!(29!&\P(V_@#R+E
M#B8@!_9'C?H7!M?H?PC'C=W(<$#D83`58D"Y%-ZC!5\`CRBV=B_0!2W`/2UP
M"823'TV0`(XX*_ME%4IFBBG@`C.P`CBP&+*#@MDE&S!`=S8@,9KS!4]@`.!!
M"5?X-2(@!C)0D;O1!S_`'19`!$5P`R[03AP@_P($D#XK$!8F63W3<0?G\0%?
M@#H9YY)H^7ID20Q-(`45$$\N\`0"<#MB^#1DF`IFJ"P_N9I50BX49X0=\#I^
M$T;A,0HQM0A'9`<`\`4N$`2\9A5'<)61X@,E```+((C%=B`E8$H,8'JSDI^L
MHPDHQFS,MI9J60P'@'@[$)<@LP$245ZLR`PKLP%G$"K"F"/F5F\W0@#F5P;&
M"&\AD!$'8&Y!@`8$,(RX:`3_]@8HP`.5.015VB.9&8W3J!+5R'\ZI(T\I'#>
M>)H/9X`*NA0U<`U+4'?PLPE2I$=!`#UK4@;,5A&\J1L((&#*]0(P8(IZQ`$5
M,')S,`-Q@P3%MG:;0/^32\`!FE,!DXH#!?`!.R`#._`U+V`!/G`$&:`=:_>=
M(M@%1E`$%\"B:50"O1<&)FD'57([YM!7/]:266@5+GH,D^8%#`0`H&$&>S>&
MM/1W/8F@;RIQYI$NA40$KX,!8K`$H]:4JMD44B-S2!`$NP4"3D!I.U8%/@`%
M3[``-N`#]B$".]``!5`!3-6(C[BK]0)"Q.`Z;%FCQ/`"&$`V.CH/\D"C(P0/
M=CE]IKA]$8`"YF8$"=`1`M$'"9``23``YS4$SQ=11C`"87)>!:M1$3`"#SL`
M/-`C,C1_G$E-^J=_.30&*96F&K:F!!B.%=HM5&(NU7J`<:H%6D4$%ODZ>:3_
M/@9P!"YP`&6@7&N9`#0*`4E``\V%?`;`!DC6)EI`)Z7D3L@EJ?OC!0;"`%P`
M`Q-`J3N@"2``JK[Z!7W@:F70!^T2!5V``F,[`B#0!QS*`':G!28Y`TZ#"C,;
M>:Z0)6-C8VV+>L$@=RYZ9\-``3M0=VQP!%"@!5/C6$7T2HEF3&BX%.5!6@>H
M?T\K`DPU`A$`K4M``@LP6HX0/CYS"4'0![R&`5D`6^7*`2?``)0*!8X37*"&
M!#C'>O(*K[;"3;K+31%P9_;J6R(PHOMJ01<D8?H@,AG4`R-"BS."(A^T,C0"
M4A\%4C8C?QPD?SXBIL?D,%K`$BC+`J/)C2SK<`4H_XZ3Y12D4![)>A1[X`M'
M8`#U&0PO<`-'``8>\(-!RTTTL)O(10/[A;0I@`!*2P0<*!S$E`LS8$J,&%=@
M\`$*=`5V<`+"<6,<X"NZ\0);9JZ\QDU&``(IL$U)H+;%H*T,@`2(4P%T$0>$
M1KE)(0D/L`=+(`(=4`!_D@*ZHB@LYJ+V.D5P:P%1I06G<K=]EZ"-]0V02\31
MH;[5$Z!..3RX@Z$0V"5K-X=AQ%B-H`H1,WI!P%R,P@!`<`)@X`-<<FO#Y2=?
MX(>5P`%&P**X>RN]&P&[J[NT<0%<-P%;$(K\*E(B$P]\_#$'``'8FYF"/,C9
M.[*%D'\4QQ(!$`#_)[ZFV?^RJ7D(H9$.2,'":1B@K[($6\<\NZ5EHF(!'9`H
M1K"[49``-'#*$7`!2:"[(X!\7&$!K#!J&'`6=7@#''#&-R`&$/3`[?NY%\,`
MG,JV7.$#+>`#*WI'96``O)L$7N-JO1L$`P"WTD4$0Q`&^2>43;P(>?NT910H
MQC4KL::K\*J6`W"C'@`%VQ-G,N6XL73$1?0*JB#$4/,-&-HG"P`#:Z<F`4`"
M`^H(#Y"A+O`"6TP#KWD@B"%/52!C:<`$"PP%@W$#*'!'S-7&MO+&SMR[2$L;
M'%`$D'''<ODQ,Z2\(IV\&]!!(Q#(A)S2@JR]YF$',S`'$Z``?#`&`0"^VPB`
MXPO_CI%\"./Q`95LR6DX"J3P`6*@A']2PD<@@T1H`$8`QW>TF^"4`A?0!2E@
M`+R!?*-D`RUP/*/&!3C`!5I0`5>0`4BP`UI0*!S@!=-P`DG4AAD`!BF0*'W@
MAU)\RF4``C30N\R,`'E]RD$`.\\@E2)P(!OCGG`J`$H0!@N`N!4@!DC`!MFE
M"?$CUSH\MFN7']>%."2P6+;$SLWAGI05E(P%U$5D"HH#!C;0J0;Q`KJ\1E:L
MS>EB5A00!+UQ.0#0L_%4!"1@`4?`T%''%:[JK"]``2^@.A2]'\%@IVU7&R]@
M*$^0`WA,O#\BTB,MTCN"TBJ=W2+;F:A0%P`@!PJ@`&/0_\@X_<CDZ[*J60I:
M`#&=8=BK.85ND*DE@#H,D`46(`(88$:\K:&O-G<)4#@I0`1;4:?(MPF3PM4+
M4`!?/0,S(`,6L`,D,`5SZB>Q0GD",`,#$`9P"TB:$`(6T+;;40;Z@0![?<K<
M1-O^<8EB(`8)L]ZD;:&J8`L?\`Q^09-1H&1]FGIDB5SOY7[^\0L`L-G4U+A$
M_+@^J:P-`!_DH<25Y11P\05@4`%21-Q9D+I$^>+GP@W.TR6TW023M@2_E-O0
MY3^DIUPT``)-4`"..);O>MS(K86T\0)04`$3`-T?+9?3O<=]K`_8K=U^'A(L
MO89Y,@%1$`7B'=XWK:8\\8VH>?\<J#`^`C`.%#=GO;<+3C$.*G%_[AEBQ<,4
MF"4DM)`2A&!V!<`!!3`!8N`">;,#K;L")+`$7(($!R#1SP=L4QW75WT!;CDI
M('#AA`0#7`"07W4".#`%7T`MXX0ZKDU,8=`!5S`K"!`"CD0O-"#B4D3B(CP,
M$5"ZDV@`HQ<K\"&4A:#IBX`42;0GJ#0!/;!')Y`U&$?9>`9.KJ8,(-#88E`!
ML$,$7O`$8<#9%MKIU3,^)]`M,^O91GSD_XY9YH$*&@(:=?'#A8@Q5Q[IMI1$
M?B!S'H`#%)`H4:`]@2$`=U!28U>AT)(N>;$W([#%CB@&'(`!92T512"0^5(!
M($0K@LO_06SIYK4"Y[-A`"7,`!Y-R"1=W3"BTLI;0?(0?"*R]$Q?TBNBF9S)
M2B6U!Y7G!5GP$PJ`!2J[4CJ1`XP>);!D'I0`50`0PQ;`!HX-5D3FA/%</:.`
M"D;1DYAU2=Y0/,P1ZK0@+`4#70R@!1@`1C9I2#/08[A9;"```_^]"0U!U<E5
M!ERPZUO-SP'Z`,#N!!3P!6@!`$20!8</`I=C`#H@`/=L"U[02=&.`NBX=J,,
M3B'<=EM<#"A@7&/S!"2`OM61S81`3;\>[`4P!$]0`>2YHL0`[[T5U:?\-0P@
MD#3X^!@@`T%N!^VQ",@2">SQ!$S8`"N<'$5^K*&M"*`.GY+P_WD-<#%,.)UY
MPPM]50*5X)5A)*N&0/?(,86$M`#`4@0=,`!L:TJ[4!>U``AW?@("=X8"-1,3
M8@P@""-!-'T&)6`S%B4%+U%L1S<M'04'!S2EDGVHJ:JKK*VNK["QLJDI7UU=
M`0$]`[R]OK_`P<+"/3T;Q\?%QR;,S<[,Q<U#0P-30&$-9MH/6B<9/DP`.C$Q
M6&1\?^GJZ^SI='(Y.0HQ+"PY=`!V?F9Q9@\-)#X`F&#`0`41.UYP0,+FRY<3
M6K1\L#/#CIT[<1KXV<BQHY\X(.-X]"AH8XT'-6;,V7/B1,H%3NR0T&('!P\<
M9<H<`&##P@TG,(+"2-#G18H41+JD0/\UX@<7!"`JM&#P@03%&0L*8,!1`L,"
M`)A`P!CP!1.`#PNX<`$K`@8"'B@0(.@3(8614D>[)(E`HVZ*("-2C4A"I`>#
M&QPF:!$PB!#CD1[-W'GP``87$!]:+CG1H8,!$*A`')A%.M7HNJ40'-AA8\>2
M*Y<Y'#G;$C)';?P:U#CQ80+$#XX?=V3"!#)ND1P%$+>]$?=&X7X:S)'((8N!
M*S[`9"J1X<@1!EH`3%$R9PZAC<B9J^](&6:!#QR*=.%@8,>1+"<`S%"BY`XB
M`0_<T9\@BMRP@R.0+/4"`U=HL4,&,+S@T!<,8*#)`7/1<%1I'';H(8='?4'$
M&&-,(\TT**;_J.**++:H8@]#-+-$,0$\8R,T,9K`RQ!33+'%>`(JP<T,'AQ1
MP!-3Q*"`.7S4T<Z3ZKP3SSSUW)///HTU()`!%O3401,8OI"4!19<0<0$`(0'
MP%D":%3#8PW$N5$#(:7'D9Q^O+F;9DL,-($`,V!5@%I.K+`"#AA(@0(,,RS!
M00LN%-%=$5/U,4($$"2QE*4_7*!:%$%X88`68=@!*$PP5%'`"8L0X<@C#&3`
M```D#-JH!RN,$$(2II1REX8IZ&7*44&,(E<?25Q0"P<N>';6'`%BM)XADRTP
M@Q8E>*`M!TQD8%0I'Y:&6A]!%6!#"0!<40(E,CP!W`GJ'=<8FHHU_T"(1B,M
M-Y*\R>F[WG/!W1%1%E>4R08;,LA@@P=.+(`!$A88<):]YWT$TK_,$=)>`1R\
MMT`%%GB1L`\E*$:K'RA13*T`?8I0@FB0G,(`&!,LX4$(![Q0T`*B8:C:49N&
M*_30'1IUE`)D`"''TDPW[?334$<M-=-`*/`$$%@K/7760&R1]19>`T>G(79T
M0\(3.@3`PI)+YP$EE%+*0X\]^.AC1IL1`5"`"R(PD-`!;AT`P@L[[$`$$@PH
M4O,$3TSPP>//8<S1Q0`+\'B?2WR!I!*!9L4!!J!WO((4!3C!J@<%,.#$#AP0
M@,0+=&4*NZ5&>-I'"BZ(D4%B:7Z`U0L++/^@Q0R,O#K""QUX\,$46>T`P$)$
M=*#447S=Q5022:P2A&IR'8#"!2_HC($'(LQPEB%VVK;R`G,`@$0%'*R0P0T>
M?)$"7D3#HJ$D!Q0`1FM/N,(1RB0#`.Q!`/!B#K\((9$&/``Z'O%71_CU'`F.
MI`8=(41Y5O(\#S!`1%$04768@"$#<.`*5Y`8<"HF.?4XICU.Z-@</E"?"G3&
M`$_8C$3N%1Q"Y(<!'1!-'R+1AP,PP`):F(`'>'"`X[U@%&[I7A]`8(#\6?&*
MK3!*^%S$Q2YZD8L&($)^)A`&Q9GQC&B<``D4L1F*$4(@:#-!`)1$AK:][4EQ
MHQ+=KI2G)+[``F+_Z,`"GMC$"(R@B8(+7P4HU8)&BF$':%J31);PN`_H!H,<
MJ8$F-3FG\DA'`&%8$P"`T`$#Z6`*,SB!H`I0`!A\80856`%,*L``Y:5)(F)`
MS%$NP(/9C<`($.`+#7Y`!`[DD@,S^$`W7.*'YV7@;W(!W@T6$`:L[&`!$ZA`
M[D1@`)VEH"F"&X6B7C""GB5@!'*1"PH@4)3P%:`#+HB(Q2`X$HS$00`RT8(8
M/@,"CB7D?N#"HBI,4<0#K$`$'(!"`9:P`^WD9P8(C)<V1/*`0;P)0,')5W'V
M-=$,6M`CG(R#1909'BT4H`@8``%H1@."%#Q1-6(J@1B(0!L6MM`V/9Q!_^DP
MT(&46D1-[KO!%P!@K\8$AU4%L(`H8M9$#B#1`!""03E!8ZETCD*E`LVJ%5WJ
M4G)JM4.)9(`+G/<!)>3I/'&ZU^-(P%;%5:4E+2'$F["R@"&DS01K2UH><G#'
M=KP#'GJTDC[\H`42>``)4.C8"]S2!_P55#52W8%#&%`")+@@`WP[0>-.,*H&
M#@(D<'6)[PAAAQFF:7P+>$(&"N:$LPAD#Q5!)6]X>@(0.,&P-A2!""Q`@"R$
MCP80Z.4(T-FI$="@*1"0$`.@X($*^.8$=)H)0XS2!`1@Y0H5",,<%K`#+BP`
M+1EHP0UNX((*$,$%A"L``J0@A5)60+U!L)3/DO_`3G)!90<NX```!L%?B4:G
M;%!=0&`D9+12!.:KI8A`$:/B`0MT0`0R4)<R'U`13-IFHB#I80\A\]%]=+1?
M&X4,)_VPASTH\PL)U=8*HIC.1PSW>&6Z0@%$J84E6/BFD.DA##$PND-Q@5$?
MP,X16KM#N;YQ`ATHP0PL%8DF8@`,']B!!P(W"KX4T:JC^*J6P[6A+9=F%#J+
MU1<FL`<A^>%Q`$*9`+3P!%'J;0%]6I,.PA`1+32`KB!0FQS7A@4@Y,%M?5W'
M7^7&@@#D0`[YF`X`M-D(E:ZTL<#:5(NS/(DH,(`(;+A"!KS@`R^(89]IV@.U
MX*I)W@@@(.$ATA&N`(7_'5R!`6RX@2BY$(8G)#$\$\!`!03UA")X@4QDNL$+
M*(#.X%J*N!?H)G*/9X"R6,!Q91.EJXE@/QH4H`(R,$`83L4%#'#!#D[H``<X
M4`)-B]<'&2A4$6[`'60")C##72<JY.+*$A3!DHU9#S_^JX4%9*``Q$[!I8_2
MERTGF"D*8<`,G(!M47V@`"BY,63J=`?<W"VC&C7.ARL8XI'<RSPD```&,M"3
M]Y)3BD>QZ@M*X`,.*).[BOD`!N>`X^0P!A$GL!R`'@"3SQ''VP68``-\X!TH
MQ)DV=E#"&CU0@D'&3#5$L$`#2F`!G_TL`@I&Q2@H[>6N>QV+"AY<!Y#0FP_L
M_V$@:BKL3"8@&^>]1@9$5]<7EJ"X-)%@!DG:0B[XO#0G!3I*2R.TH1%=VN%Y
M\`O=&RXJAM7E%A\+%>%K-A',RP$B:(LJM]S#''+.LMZ(D@05\("XN8,$:N^@
M!2$_Z1-.``4P)'8",*B`*LTGABOL0!-.(`H(1I`"7AX;`3]@0$%@T*DI(N\(
M4`#`"<JXJL9E@1%?>(&Y.(`D0AA@4(AB0@6R8($L5#X#7^"2!];-`2V(P(-!
M<.F!UPD[M^@L]!,("3TC8X;H[`%;&>@F"#B0@6?>[Y"CH57"Q!2\YU(P(0,B
M,`%801GSUQ%UXF':X!^.P6$==QL;-P@=QA&"H"4`L/\$Y54XX>-5J5`0Z-0]
M!=!_%@`&_6=+2X`O-H4QC*$EBL!Y&I,53G"#3L!*K%("1Z`P-F`A^6$52J=$
M@K1[D:`:3M4`K0<#/A.`7_>$4"A02R$XC,8;=G`"0V``=:4(`/`$!0!W-]`2
M9C)Y68`$7G`$EX4$2D9&.H`%.5!H2J(`<L`'Z/!W[A!X5#)XB;9H2.`0Z(1U
MK!!IAC1<B:=X`#A<*D4!+Q!ZY-,WBK$',H$F)G0"2W!^%5`0"\(`+F4`-N`9
M1]`"3P`%K&8!&8`!#$`56`@`+G`%7S`X(Y``638"QG9<37$!#%``("`%X+.(
M-Z!PU10&7T!>$K,$YU4!P-/_`38P*J:B2I:!`P=Q`V3B`BZP`A,P!-E$7A,P
M!20@`N'55:C`?BD03651`0"`/NGC$7&`/M+A(%ZP+OP'!1;`!N&#3DXH4%B'
M=9=B7$?!`1Y@=';@!@Q84>L!$A:G#48U?QU&01A8@0YH8A'!&B*`BRH%`Q30
M6&&G4B4H%RI%61WP!?@E,1'Q.#17<PV0:FOB1BCS`&X`!W#`<X,$`@#P!4>P
M`Z%7!![P%>(1<K'2`>1TA`?@5!]0":)A5:MP/X`8A4B9E*]`4/U3`1E`/A[0
M?]+8?S9`'R)PAA;0@7WX1(?42J<8=0,D,7,X!BR@)(=&AW9XAX!%#WH8$$K$
M3=^D_WB!B!=`0P$8\F*2D)'IQ(0@P``V!`8#!!$!`0`E<%D9(`-9$'X]HQIT
M`3R^Y@,^0`1'T'0+4$LW(`)K$DJ[Y0)94`$8`!CI9&P`F`!%H#L=4`80$`4F
M=`.D,@.U!@9(T`4W8``3,`9?4'H+<)M'`!&XI@0'P'!721]1(`8)6$:+5@%<
M(`4@('0$P`!&82G)<A3#50ML8`$0(6H-V!SHXP?)I`4<<`.24GX,@!!VR75@
M99ZL,!>68@I$<`,=4!4P`)`/$`<"^2_U9W$'28$:MV\@EC&A%),R4`)?(`JJ
MD8^GL'7'!F\(J@E((`:72'<1L0?G.#GYJ278<@/.M1B$`/\2_$$9E#$#8K&<
M-K0#6.&4)3!&^;$WX`.:?7!"$T!UFD"/7`<T7::4-FJCPR4)%$!%6H$!X\8!
M?L,`'%`!-C!`,@`&;08`'O0J+49%%&(![S,&?$`/9ID#:)F6<2,/A:8`.3!G
M`#!M5>1U+P8!1N`!YJ,%4%4"%6*,KR`X%T`$<!J;C48X8A`$4)`?`-`!8<`!
M,G`$E/("0QE<@,IP+7`$*.8%-T`$S98%-\!6J?>#,+"*/:``UZ&)%,``2,`[
M"V`'.J!3&&`!1\`!370%+6`!B3,#95!>*X`!YM,");!8Z!2=ZB<X1.`%;/`!
MVY9`$(B?<](`UL(;.Z!P:+(`9>#_%BT5-!V23M+Y8M^$98-C``Q0!"*0&:RT
M``]4<S>5D!?H!\2A26D%40BD"!QP`OSW!14)..&"(9QP!5[0C@*0)A6',G'`
M'W:`$IP#5P(@4F&P!#X`!=_1@9O1A6&P)Y1(B0`P!-54!,*7`E%P.#=PIR65
M`3RY/7WQ9!.P-R6P`\1V8#?:L1XK-$T``4U@`3ZP`VQ6`M9Q<JPP7"%0!F"P
M!%LP#@K`I4N3EG^01PI0#WF`:)2`7;##L5LV7!5Y`5!@`[,"C\$33K#`A.'C
MD8`*.*H1`C_0!4@@`NW)`3U`(E]``$0`-!#0!>66`2(@!CT`!`#@!"T@!D@P
M0.^Q9CO`_V[]](4[\`19``8&<"DIL!`/(:U+,#Q<`*H,,`H[4`0J>`(GY0*@
MPP1!1P#$J9H'0%_40V\N8`'EMVT6U@\%>2=W5CK68@`P@`$G(&6BD#.SXR''
MLJSK28M;UT]0D`$5X#L^:JWUB:T8HZW\R1'Z$B>ZD7-)5`+0&"M$H'7UV"%'
MX4[QPS?7DH[I82\-8&(M00+F439+X*H_\00S@"9+4#)AP!N/<Q85P&8D@!A1
MD`(]("%2Y@$8,`=/P`!&&U_&Q2"LPKYB<`''];'V>[^R$!@!6`#=`DE=((^6
MT@H'%@45@`0&,+,QL`6'1@<VFT?D$`,ZT`49@`1F,CNGX&4O1O\!R_*41]`!
M,]"$;=H].O.T+18"/`"M;"`"+7`%:J@(+<`&E-4%+M`"[V,`'V`!!X$$)[!]
M,,P;!?!=)U`P'!`\G;$$60`%NW<[UX$)2)`!)2,`3@"X@/,"'L"G@*(M.<@%
M@4(`-N`"7?`%R)*:PX4A7'`#:$("2@!!!5E_O<IS/=H(0_`\%O!2392NJ+`I
MZ)2C&A*"V6*T_<8$&-`PUTJ[DF.[Z2-!NRL04'"D1[`P43`:Z%D:0-,'Z;1_
M4"H\>X"2TY$WO3,'=A!*-V`#%1!RP^H3>)HF`+``*MP2;.`"T?<">=E/R2,"
M=.=4@-$7($`F2[`$8"`&39!U^!O,PJS_"B\F.!V@.RXPOHTEP/H[`-NW!`H`
M-E;*P%@*#W*C)$3B?8`:P!<<M"\V`N$WGEG0""4("PA`9>4$M7(1`;NRB</Y
M!05\HN/E`HW(3<HG%6*0!2X`!170`[Y1F0RP`,NW!!;@RE6`N!/P!390@B,0
M1I/K5"\+;H!+R2#0+#)P`G8@!;*$%7;P`4$@=)GZ`O1U7(3$!4%P%H%B!R*!
M+Q_!J]%A+UBA.IM1$%D@C^@*M"`"-%LW7.1$1925!4Z<2@QG(=;Z&&Q,R.IA
MR!'$!'6B&W0W`1E@`2B6!1AP99%,&OM#`_0F.#L`U`509!H$`'YI`($2'DFG
M'_GQ!(U32S;@_P.L`JU#?'Y"U;H?1#T%E3,%T%P)G0&W?#P/$M!.7+_#/-CW
M^\T^\P(U_4&T:,X(D`+Q.`%@,X=U:(<.K"0[(-5#R7N"C<&J`*@A&#Y+`<RM
MT(17976EL"MY^0)&D`*4T!H>$`;0^P'A1A!B6P2*.IXW``)+P#$=LP`PH`2$
M&:HVX`0"<=EN,6`+\@4+``86L`02S0CD]`(MX$$`(`"&`BB6HXH#P0:NNTXI
M$`'Z=QB0I`4E]@'HB+E'_:V!XAL-VF#"-P(P8$A<MB%;ES,>R0%CAPF;H14A
MT-L,V-)'C=3ZR5&WNQ'$42<RUX$,P&DR0`3ATX0X71K&U1<*-A>`:O\`4%`$
MWUMC;V('RF<#Y)5?CG,`"Z`$X9&]5>L9&7`P40VE'<`:/4%M/4!P$5#)N%@$
M*)0%M]P'%+`#C[0`H2J7A#WD'0N(-?X(/3"^_[?9Q%R"%/`%8HLU3-/`>#@/
M,;`$G?@JC45L2-D]!T"C-3K:]:U2"'H4J#UO/_"38KL`1L`%%]`$21X"2R`5
M!>R<!G`!+2`J2.(&;F!=R20#;``&8!`>'X"AA'@[*3`X+R`"6;`$85``#;JP
M#-`"M!DHAM(2F>$!!("9$W`X"1`"/-U-BR@&^I6DYJT1`HFYFHL(J00`F980
M^G=50Y-U350?C'H#/I",`!`&,(`#'0`_$/?_0/F*W@+.'$H-8G4B`&CB`=!8
M`NUX<EXN-'1)HU/4VNB"TOFZOAE0F:RH`VYP`&7S(*47>;'BQ->GA=!*2T#3
M*X"X=0R0!5FP`\5B*2N7`2?@;YK(Y$2^[QTK%Y%6<*Y0XQM``43@Q%)NLS>+
MAVSY!#L`,81T*>H)A=U#5>LN-$?!`]E31'WP`WV0@KQ1!"`P!+J0%#7#?T5`
MO[5@F!X\9R2@["=P!$3`W+`%FP6PLJ-0!J^K!1AP`U]<"Y-.2=9RZ<K$<I`R
M*\_3`A@P%Y=R`!1@$$W<?^"Q0L)AD+V*0)83Q.O21+`S"F$:+I*@&B"`7PA1
M$*K$8RL`R#E8U!OJ_]+%OM3[:2?*P=0A49*J_%T<8`/*TA?U;?%@/LG'PR`6
M$'*F8CXO\$RR40%>*@#)DP7C.X@"]V-B,0J'I'C"5.,$554'T&P&L#T*-@+P
MN,N!30&BS>^D#X7?W6)^,?JK$`$](!>7"GY:0^5K62-3\`1?(`*(,Y01_X1@
M3_&G/]\T8,*4/`H_``+9TAE!8$($XP4MD)@&(`8)\,N&1$S\6,4&T+?6FP%$
MP!T/0-<S<`JF@``#@``BT`$U-EZ:P+"33@3*I`0KT`&L8C,E$`2[I0@&T`)$
MT$3PYD27!@@<62Y.`!\-`@U^BXQ^#8@")UH%8E\@!R,T?7T'()N?H*&B??\1
MFIU?718&,P4P#!4K3$Q<!7`/#P*+=V:\O(V_P,'"B[+!O7&-`L6,`A\32T\+
M&40O%#2F!Z/:HRDIHMX(?5\[2"(G``(S6E\V4"(6.T\`'!DB'"\O(YE](S`(
M,/X08!K!;QN_$0+Q'0@2;@0%,&`F`,B0)4($@Q@S:MS(L:/'CR!#?D)`DF,/
MDA%2$$%B``B0/S!CRISYAXX<.3D4Q`A@PL04'1.R6"APB:!(D`)!7#K0K4\X
MD-UHA."!\,"!,B!>B?!`0`82"T1*?)5Q)8.+"R01H*"V@$&&##)LV'#1(8J!
M,AZ.5#``@T;*%-><NO)@X$00#P<0T$A!H44&&Q__]JSHL.3#B0P+@MBH,&'&
M!+I6,UW<9.!%`0,5BA0`T%G8HTB2.+BXI+AIIVP@`_<Q0$3,B1D8*DB)A8%#
M@06V[OPR@Z?7L.?0B3$QQ@L9LV6O!2S1HJ6#AP69=.,&>=LJI_$P-KWXDH&#
MECD+`.S(4,2)%@!:2!S)\N(2A;]6I86`/J14=9Y5"%J50@3_@#``"`R]T$<4
M,G``P&4E4&#441QVZ.&'((:4((+;6&7"!A%0P!L2)[Q$TXLPV9233CP%\,\`
M)QS!@`&)A9A18ITLU8TW&%GDEY%'=A-"$D!>!0)!*41Q`S4O'`!!"`4P4`(#
M95RP6`I(7`""/S!P4`$4_V!0`X)I'93P16)^#4D#02\88$,61-R`PC^*(8!$
M"4<LT%T')TSP008E$'"#`23`,($(7<`P@IPC1`!#@`>DQ@!^KB%R@@!:5.!"
M8@C\=6!(@)'VYP0<K+!"<54XX<0"#\R0"R.]-.=+=+P"L\QRU24C2PTU9*>.
M%F4P\4(I7W(B4I-*T2;@@`9D`<42)"@QCPPWV/'$%%,L(0,&`8T010HOI)5)
ME$..@,F!"9+TPH(")1;$"/AT<<4$3W20P1<:^BCPP`07;)!`NZ4`0EKF:7/`
M`/]91,$7%H@``(PSU:&Q33@IH,`8`8PQ!`PXA-&!#3LL,)[!H(RXLD@$3;5)
M-O]&@-)$`AM"P`,G^OQPP28C_`#!)R\3/;.SHNA#P05=9(#"GF3"4(:_'WS0
MP0H"@,J!!RVH,X-G2"`1103Z$-@'#1JFA8$88"P!@!)VG'`"(X_X(4`-H6+U
MY$A,$:F-WRZ3!((!)5QAP`*SR'K<+5EG[8<9<2CBN!^ZQO'`'<K5L(3<O0KS
M:R/'_"*+`''887<S'[CS<T&A,#MD5$\YS`0\I3%UC29."51!%TML/@$1%ESA
M`P/</>`!%Z,T[/#,([;NU$(+["#J.0:X0`1@E;*L_?;<=]B\-A'T\%]:`XS@
M@@4Y8!R3QG_PT7$,,;`0@`(L('#!%!,$'T5ZW1,<\\[_V:O9)VX&"IT!+6BK
MZX/0/&0V?%5`!"\("`S$<`4H`&`)5TN'````@`20H`#J8$`+KD>0LF5C7A1(
M"P@X<(4.3"`_VJ&;Y"2!@=GT*#"=P`CN9J84?%SJ-$B`P@06X`0XS.`6N&A<
MXW#1@,V=H`$U>,`B+F>'.]A!`':8@1(Z%XS/X2I8C2A&')"1B$F(@0$;^A`(
M,G"#(X"!`?TY"$GT@9HL5,8S$VA/"=I3`0^L0$($TX1`@L``#V#F"4/P0!<,
MD`)]C*9_D(RD)#T"L?$)+@M7D(/Z9N*^'.0`?@$(0`QRP!,=/.$$6>C")'WT
M/WY<1(";(.`G#'@0GWUB@2$"_T$!NH"$E(U)A%F0Q`FN]K7C%"`(%RC`!V:`
MA""0T(0]-,#,$`""+S``"1::@!U((,.LA=`%!;CA@HHFBFL\,EJ74,I\=C"!
M`BR.<4IT'+$^T#NY$6N*5MQ#&/9``CMLD8NBFPXP0A=&@9*Q!@`0@0T`F3R7
M)<@@+X""#,!@`P]4H`#Y.,^:OL`&.P(@#$N8@`>(\(4.B``)6=B!)WQT0WXL
MI`,66,`I15"$"^#C2*O,J4YSFA@*P(Z:)]/D)F/2R1QL(7XLV((<)K`#`_"K
M!V(HP4X[U,H`VBP!!=Q9+1.(2P:.``0K:(%C+HH!FI[@`PM8P&0>L(`"<`$#
M+>`""?].`(:PA6!.[DI(%(BPHRHU85(&"-L+[6"Z11CK`P4HP@[$F0(2;:-4
M.T30F@P@&\Z<8%9)C*<2"\4:#FYN"<W0@CXO=)^/`C2@U($<:A4Q!P%(I`4[
M*M&(2.)8;;Q@!Q:``F6W(H(*P'%P.RC<%P"P@'-\I@3X8``#OH`/@0DH`E8)
M0A9L8``&K&"D^'@!7J?*W>X:+#%(BL``9J!0H0ZU?3@Q:@P4``0=%,`&/FA!
M?``P4>^&I*JOO&I6#VC+373U0R\0P0V"DX$CZ*4#,W`""#.8C@(X(0A#6((%
M;,"`+MQ50HF!P0M$Y8*]/&DQ44#"IN9PASUT<P8+^``(SKC_L#X,"4@'*\DT
M25+=(GC`,HN[0Q(=<;K&V0$`,W"5<3GX!"!PT`!>L`!R`:"(TTHGM=9A!':V
MJ04B_.M)1DEC8B9K@*7<9AL1N.U77L@!$;SE"A;P@`MZR:H;R*"C(I;F)DKQ
M2!"5A,Y]("02BE"$"M@%!-XHFWT'3>BCI*`'#$():ER``?-BC'WNRX/'BKP$
M$22K`&:^@J9W4.B/R,RJ`\3J++5*D/XJ<&A`2UH:M[$A`T"A!178`0,XL(,P
M%`$'7%C`'";CS;0&80(&.$()#)`$""R&-AI&`A%DTX$=_(4(^PK##)33S4\M
M\XQ5@L&0%D;.D900'UU>TTI<.`-:_TCQ#K<2QC(]P&X+G.-K8$ARX81R`P\`
MP&Z&!:@7%T'012AC.C7`HC-T%$>'=:*Z.]C!_IK+:GQ%X:03D,@2@IL%W[J-
M`W\J@04LP`$YGTTW+,W&@FB`@""(VZ9=[K3*5[X1*/6`!AM`P`!>T`$7,.`)
M"DB?^MA'ASP8M<@GV'@X79&%++#A'BS?R*?S&^K]%L3475WU")KP5[.Q#A19
M?H$-Q)`!,50``!],``YF90=7H>X#`DA`94J`,A08FS$(0<!\#*"%!=B\#^O)
M0@FT@&)TGS@26B@ZI\O7#6Z7*"D&L&8)%K\5!G0&`PI^0!RH/0Q6*98#1^#`
M"5S@@2MTM/_B._A"'U\(B73W:M^/`Z._1Y>(#P#``%?N]GD*0(0C7`$)91#!
M"A;+ZCF]H#<3V#`<9W"",%PP"Q[`P2FB4/"/[S!$YHG*".ZUINSJ0_9)SWZA
M(["!#:!K:RLX0?Q&R8>=UZ$F>=C"%H"0/R1\80"8Z$84)O5\[8]BZ7V`91]D
MN0E:EIJKJ(9U5'<!!'@!5)=E20,T*V$!;60!)#`#.)``N38#N[8"#<`='%0$
M_+(#-N=V7Q)WY+`#^"$"_,$`)_4%$^`&MI)NCU`#Q*<.!B`"'2!GA8<P#O-5
MA(-)97$%6<`H!5`<B_,XSU$U-G`$[2`#)5``'<9\+Q`%U5=()?#_`5HP1?HF
M4,"B6M?!!*03!R1091;P!1C1"0QP!$2P.4.P`Q:%$?KP`@QP`Q,``R$0`F:"
M`R"`2AF``>JR:M\E<MAS+[@A:$2#??8WB)!D%!:!`!,S74002AM@`NM5?D/5
M<^K'?C7''SY%`TU`<HM!B-J`?_K'?WW@?PH$@)]0-DUP`1"0BB&0B@8(B*%0
M0B0(!K!E40!0`&6P`+92@:['`6V2`"?P`A53`,46)RGP#R_041+A!(AB`R)0
M`'R'B[C037>35A/``)50*2FQ%"4R.+#'<0;0.P`P!%Q0`1BP.+E@!D.8/QD0
M/#)P!"CU!0R3%@50`EX@*(\@15R$>OUF_S>C<P?:$G1LH%UZ2#0%8`$9(#=$
M,0$58`$#68J=4``W$`9642@G<"DG`%O[DQ9U%BW*8V?A('T,L0ES@E/,PXDF
MR5TSIVD,``0#\%?SDP-TH#Y\4'X]9U1;(`\<(`,,``-_A3W^<)*AX(GZ-6JI
M!G4!.'6H&(<\L)0\$(<0\%?:4"DC(`)LP$:4=04E\"B?DC6Q`&2/`08$P'7-
MM@##^"4T1C$58'Q0X`,V<`)VX$ZT(@"4]QHU\!M.\`5+H&P2<FP=&0H@L`!;
M<P,+4`-.P`4X@`,K$`+E&)>F)PQ+,`;/4#TEL&RE$1[]0%M?<`7NH0CXV#GZ
MJ'K\R`1QH`0@5?\"6?`%5C<*69$!7R,%4E`R&L=0HD`J(.`$;FA\!L`&#'`.
M`(`$`4D*8W,-Z-(?I"*(2"$0S#)]'YB:M064SKD]_V$N8L$9-@(!X3,&.0")
MYX43H!0`)^`%3<4*2E%=&&`)/<()`E%_*R>4!R1J_4=J"'1+$"`A^I"4/)`$
M3_,T2[F*%^`N_#`G33``U+0#-L`!-Y`!R84$+B`"6K`Y)/`J('`#(O`%Q\0`
M0X<`P]@-^N!]O]=;4G@<)(`!YM8XOY`UM^!@)$`$7G`I3!$[LRD0,'`%1,`H
M&.`J*W"8M,"8SZ%$],0!/I`!BX4@4AEW"%``.^`%]H%O50AE5/AO=W#_'R0X
MHV1S'MYP$0TQ`J/'`*\9!O/!!F'8!UEQ`T-P2E<@`W$A@K"'4>9A==\#?<HS
M?0UY*L\YIP;G4'W9,J0B$-75`0_D!080`WU`@`A@`F.`!7P0D^>%7CHQ!"%3
M%KFU<;QX!!D`!05P$+G#%/;'G@?AGJ$(GT9IBE=RGS]@!*1J!"B0!#P``:VX
M+@CA#PM0`3:0&4A`)`Q@`4$@4R<P!(H);5]0&D&P`U4B$&ZGH9LP(-\G`AC`
M0=(&>;9`HB4J`&Q5`"2P`S<`8PC0%)N`K:0R`GHW`2#`!!5`CAP0>;<0'4K$
M=U!P>Q<:#@@R('6BHI*0-4WFF58(.L$"K7;3_P%,8`=U1X;,12`B5ZRE@B]0
M8`'!=P$SL`3U`(:L9A%1XAM/D#]("`5R47/&<0"7HE/W0J<<ZQ%>YE"RI4+7
M9)`54"@CD(HTP*CLE:A$)0>+:@(L4$<6`!$R@"BPR@#_B9[7FJD`Q'2;ZG0]
M`X#TB8JB:@0)<+0)8`0_D`3\&1Z-Y"X'D)E[=P.C0F,[T`(6``)`]BJ8MR4=
M0``NX`)9`$==@`'5D#NT10$O4`)%T``3X`0B6@N9!0PFFE8D\`(MP"/9L+.?
M@*V7"FWM5!P6^DZ3LZ,F*H5R(X,+XP^8@"!L6`$R.H71N*0#=:_^IJ]:8#4=
MT*N6NC)SA"]L>P)+H/\.],!<!C$IZ!)B;`9[PL8!%=,!X82QQLDR&]NQMDLP
M(_("%P"D3@4`()"*@SH&[.5HY\4'.;$3FD`",:`#.O`31+8`.FD`DZ*S=<9R
MFJH/G.I_\>E?$$`0I[@DHWJT01`$1VNJ3=F?9),"U44$_I(%$L%GGC`"9O(8
M&8`?.,`$"74#-U`$-_`$$K:.UI.G+#I'"[`H`,`%LZ)CCM.8I<=62V``4V(5
M*Q4*?HL);C&ZQT$KC-,Y2Y0.6NL67S`###,X7U`"8B!B`,!6N-"9IU>OC#!&
M8X1ON2`+6M"&:GH`I1`*B8$O*<`.(A!QK^<%PW:GH&`1=1(%'"`&[OL$ZX3_
M4?WABJM4N[<[Q:-@)*\S)!GQ.@$6!$=P`F/B#X2J`#=!O$/E/C02<_]P`1BP
MQJT``SI@`S.*N@NC&#SK2OE7BB.0O9Y*BOMW`>`KON-+ODI[OE67%2*PH"P!
M!$M`M>M1`4AP!2T`!A6T!#4JA:65``4@NCN0!8=Q*:7"AN$D.![``1/P&[2"
M.8LP![\@.="Z`,V@<;'K-]OP>Q:`+4<$K1O<*TJ45G;P*%Z0)B%\``807&#@
M`R@8!@B`68W)*Z@79:D,*FM\`A[0`451*7-"-`.R&QQE`R%5RCQ8F4429B3<
M&UVPD+W4966SB1H;IU1LN^'P);>CSMOP)4W!ABYP_P(Z(*`F$#)D<!-YP+(P
M<1.?)#\F(!`7(`7A6HY3``!*-B\U6"IU#&I`H\?\!8#Z\+U)\`,)$,CCF[1+
M&P*K>@"Z5QD1)V$M4`E6M@.+G`%EP0`8(`4.ML880`##@0$I)@)!\$=]0`%N
M400B0$=;8R%S,`./8QVJW`CS*@!VFZ:=D`\KH[9JBRZYF96_,3F%J\LF.@>L
M4@)L<`46I25K5@*;@P$X4(Z,,Z^&U61U@UK`$#F)T#@-```5D`'>09S9S#KN
M0D=?D`5GQ!H`29RR.<O9M:==D`5.>#0.NU-2W,Z,71(::A3J&0JE0JPCH(0%
ML`7-&P`LH`#]+`?_S+(<<_^\-3(%`/$UO;,#1.`!..M3"H,2$>VS^T?16R6?
M^8#1&KW1@>S1Y]L/&%L&&-``+BVM"R!@F,0&P+8"!3#)+PVW3#`9+2`+DV$F
M/HV:\BL#[M`%4?`%"V`!+F`(<@G#?G#4PL!6HJN952*]*T,V\\*$O01D,W!/
M3L8(;`4JEO&`>^2.FG<""U"C3*#,PA!/ON+"=!L)+U0$+2`"#!`@-E@0`X(O
M)65S$L'07I#@_\`C&X$/U1<%S)=J?:O8[,S8=%H2S:4N&*$8%N%28,4!ZJ<#
MFJT`6.#/`!W:-#($.L&\".`9;.`#7M`!DN)B"@->KWW'34>4L\V]%^W'^&FT
MN9W_M"APOI<"`F6%8L0Q`X@5!#[=92M0!B!U#BL`TT[``1P`5R**`>`J%(CR
M5?,!!@9P>VS@:DA@"#7@!^`MWL'`5C,``"4`03!@`'<-"@XM>BX04D<4Y[L0
MW_[(5D14UB"@!<`F"3\X&1A0!060R\_J;\N,>O*:"!%>`"W@`=7`N&_Z">M1
M,4XU!/-`AG.\Y[-[$&6#+P<$"K(\28L-XE-LC`;`(P(B>WE*-AB[WR(P!'FP
M$^OUXG)P?J`MT!XC/R^N`$2@XSK^!5&P`!K96'`2Y)\HVT%+VQ=])1EMM.5K
MJDQK@,G%!N:PWUP`!VUEF*!"`@LP!5*0'V/2Y=R8>#?P_Y=9P@`NP!M>@.`)
M]Q@G,!\WT`)L<$%1-.?/42NN?`)74`%6D;%8U\.H8'/$M8)F4.A.YH]9Y%:'
M.1P5P`5<T-SD*.D:S,+/>M52)N"6#BHU[`'\NP+H*2DY=$#X8@`64+()-G&9
MERZT=0DE$@K7G#L;@DZK;C"S3NON/#C+%:RT)5M`,@*W/LR]!00*($HN?A.(
MFJ@R3C\!8*CY`P4<L"5-0`%NH"[43L?:IZFQ#;3;.XJFZ,=+@@*CJK2GVK0;
ME@%>0`1#5`MP<!Q=KM0+H`,%/%PP$&050`(2$7&^>`(D,%=E$`6O)P)B`+L<
M4`19^<`19AG%8O##D#6ML`08=_\I_//P*<`&+D#*&6PK%8^.\7T+;;4`;P7=
ML5`!3`!YYFCRS.`'>_`!2EI0_QU:^(ZLD)*GF^`)V9`)^*"BJ[#&$\`&-C!T
MS*/KHS!'(HY./+_.1M_.!<!1/$CAC+N-0,*&B[<#4(`$0,`"+##L5A_CR$XC
M.2`'''@:<42D=$PB))+#G8;V>5Q`29`]"`0(-",C/Q>#@TT7$#Q)22@H23PA
M(1<P+Q@>7Q,3)PLS#P\+.R)E3!@D"T$$)4]3`!@8``!?#`8NLA-+`"L5,"``
M,QTB#!Q'';I+,YX"`G[.?G//TL\",S-.,R<9&"`(!WT1$7U]+Q042$03,PS+
M`G%QT_'_\M+,?J$%!4ZPL!Q."P^?'M23UZ"!+`!:&DR+PX2)O!H"/@!8X&$%
MB!E=>!Q`@&#$N!0'OM%`\.*+A0X3G*R`,>%*!1`P$/01%#+D.'#AQMD<YU$F
MQV\C7J0`0?3;S:-(DRI=RA1I$(]-HTJ=2K6JU:M8L^Y,>B#HBZ,>"UA``D8&
M@Q<;O7'U2)0H!Q$N,L@5TT5.`!8L%&"1PX?.G[^``PO^0T>.G!P*8N#=TN-*
M%A`I(O<!T;0FC<N8^T3>+*Z/3,V;:63-&H)'GQ'BC)P^/2+!40A):!!]\:-)
M"D$_($`]G0C"I-\A($"``6/4"@`[.+";P4S9"@\,"DSH<,/%_X0I.G:T\`"`
M@PP95PB(\/#=@H@"&'#@L',"2@8+8(YP.,&!RS\_S>;%:UY@P00H2"P0$P*W
M1?:"-Q5`T4E_#YCQ#C3Z1>@,,\R`LL"%^/3W#X4#3<-,`UH84`8'N=0@S1T-
MW7%'00HU((`=`)Q@0P5I==$%4Y$A``(1&7RP@'(SD.!!+]Z(1$--H$5VV6A,
M-IG44TY&*>645%ZUV5(<>5/2%R]$,8):SRUA@04O@!#29SI]TQ9,#(S7P0P`
M3&``!P'D<%=>.?`UV)Z!%7988HLQ@$0!WJ30QU9*67;9"(),=E-:1]4DJ:15
M'E7:::G=-(AK-T'0A0$P(5"(-X3H!O]6;XJH`,$%E5@"A0OS5<!!?\PUQ\0*
M_VAQP@PK?&```"40(`8`8R;7@@@=5%!"!BV\,`,7*W`QPP<[6)#!#:<XX8]`
M^4GH3`W6+%#`!P6X4$`W"&`FFC<<7''""07,<(>#\$3C[3P<5@C*OJ#DV^V$
M^`D`X@X>+!"CB<[$@2(3=_C!HL-^:#&!!5"@]65&3:4@4PE'/,'%<EI4A.XW
M$8BVF9*5ICP5E"JW[/++3D90$@-L9,%&!2'`$)(--CS1P@Y9<A1I2"/,A@$2
M&6@R`PX8G```%BP$$$`,"N3)!Y]8^XF88BS(D44%,PA]J%%174;!"R\8`&I-
M61J55M"3MGS_*6I]J'93$ZX=$D(77C;1A!$0:)G;;CR-`(/?B']Y`!<><.`C
M`_XLP.$,MUHS!PD?%/P%L.(!4($'!;P0!-I$%;#='':HA\$"'WR@S`<",,CM
MO<XT()"X"RR1+*@R83;"`09`P<82G0@P[X/VTNZAOP+TRWR'`./GQP>;`+"$
M``C[$8<=#24<1XL1&W`$`UU1@$`D3/7T`AM7:&&?)UJ4<,472":Y65KUPZPR
MR_KW[W_+6_E24%+``?>XP`(>.,(-*K``)[@@"Q.X`;IZ-[:?'``$+]A!!8K@
M`0.<``,=D,(*,``#$T1M:E73$];VI#5`L0`(&>@`NL9!E(S=QF1I__O"#@R0
MIDGYT(=R,PW=["8.O(T@$1<(02$NT(01H&!`A##$4@X!E2;,H`P5\!$&MB60
M@%%N!=4(EPL6L+D9#"D`(>/``()P*`180@0MJ``)GH6!%3#!'ZY3AO/^Y:T*
MB>L#(("5F2@S-A`80`8[F$`[Z`4AY>GG>?G)EX<FQ(PE$`]Z<9A#0^R@/7@X
MXPZZD@$'#G`V&*!OBA$@21:0\`0W&,`:'_B"%QA@IIH8X#*1>5N1_E<I_O'R
ME\"TRIEVDI:@$$$,;Y*8%KY@@Q*4H`@,6,(7Q(`_<.@R)`:H0`:R0`)@,*$#
M'<!`!3!0@``H8&I4L]H*66B8K>$%"#P:9?^Z(L-#'-V0'%_@V`+1%@72O2TI
M)W/9W#(%CC[@K3>+,((*5+`#.*3!#4K@2&Z8LA40C(`!90@2!RXDN8$P`X3-
MF4$!"F8`.V@!`T0@WA48T!K4<.0%(BA"%@$0!CN@QQ3:DARWH">A=S3O&JS+
M`AAV@$%"'B"#1S``N9@1!T8FSY'[^5<S6"1)>E!2(-:HAT*<P3V'=/(9<=""
M=Q;PC3+QP#1-L<0J@;&`785!EE\P4Y:Z<2BYMHULP6R2+_/*U[X>JHT_T<E/
M#,"^.2Q@!2LX00ED4)8"Q*D"CZG?I#!8`2^D8P%,P`$3N*"<'1"U3E)+IPK7
MV:=V`LJ<`<B"!6[_*0C),"4*43A2!BT@AK)TP`!$0()CV+`#RPR"!A1(P0CN
M&41,U:UP%PB"<":!@@3P``-JD(!TTQ"3W'0F*;L<AP'`J07<=3$>(,3/OLKP
M@%>Z00I)4``1KA"%/@0A,R,0(1(L4()QU0`]VHK7)YH!"N4]J'D"J@88D)`L
M6H8$!`QP`?%TVLEZ0?7!$O*7-?HUC1,T9`9S>)#V0#G6LA[@E$H9A"HM`(`Y
MODL')4!"F=SX$[1YM@`'B(E'".?7J^RUQCC^7P!["((*N.L$.)""%$2:@2L8
MX`F<N$()T!(2XF202P9X@38YL(0"W`H'7-#0A4Y0M="F\&JD+6V>$J.8_Q@\
M@0%B^,)(:!`!&B-E,T'I@`TL8(.A+D`$%F``$5;Y$LA@IF1T<S.5!GI<UD`@
M"*5QA!$2@((*6$&Z$K#"#`8`.*84Z<`&*,(.&H`/"H.W`^(%A0>R,8/SB@`(
M'(L"`I[B6A1@@`,ER,(1<L=13YQ`"UK@+Q\C=`=X`!@?R>!`!41`;!@O(,&<
MZ&B#&PGA9B]/PM]]Q@1@<8(Y)"\.#UBF%\@ZF0^C=8I!J0`2&%#B=P'++!<"
M00%@P($L7$$N-IB515-PW1Q7Y<;VSK?*!B&4VU"1*&B.IA-"H)X"+*$"#`#"
M!#A0+)C`8`%2%@$2T+$#<!;@!$XH`2PB9X!J"/\@##G@0]1$"^8P_Z4P.4",
M`@ZS!2"<`!TS&0$%8&##HHFE!%"PP0X68``15$`6!Q^2`4[V%<$*5(B9.F(3
M0A`$1J#@!PE(P`\Z\&CI6B$**;`NEBY=DA8LX0'^:%Y^FFJ&AF'`JP'S0(5,
M_00#H&/5F3D`"BX0F6GZQQ.>F('$```[%RE/10$+!1><$!&^%R`(Y)R3!TA0
MO&:\P\'.CCPEF==%LC?@S%SX0+6U9P8S9%M\1!T'`C`&[M^)10QPVE4NP+#2
M+WRA`BZXP178P`&&VP`*.UR-OJF"[]W[/DHG&_IE0I)!#V2!7.,</!=(,`$`
M``'V%M@A".K8[@.VRPO_\[UU'3$0G78PPPYAX,O(OVQRP/A)`56+0!!:$(0"
M<`":^7R)#9L``CDO``Q0B-T&#3"!"CAV!RX@!HYA`5E0"Z`"$T=G7*IQ1!?`
M`RV0!#]@!$80!$&0`"+0!H]F!7"`=1.U=37Q`L>D2/%"(0G3>7Y@!F=W(AX0
M>"L@`B?P!&#`!JO6$^,P=\-U2!R0:R\2$1/@`4P``',0;=YB@A02"F=W*QBP
M!)FV`B4@!@M``J_D>(_';)+7;)`T=IVW!Q/0:+H2#63W`#""?U^Q$:2G%#1`
M;[Y`6$6`.3/P`A/P!!5P`W*H<W'"`OSW!"7@`^-#2+\7%;W7AX`H%3N1`EB7
M_P*N%QGB$!19D`%/@!X<8``0AP^W9@`WP`#Y-!Y%<"TVX#3,!P5Q]`&9-7AY
M1R%V\"(3('XHI$[E1QCM1#4!$`(R``4?H`4VD`%>(`-BP`1-,89<X`(5L`-'
ML`-,4`060"(S$`+1,@-+\",EP`'L<P0N(%,P5EQ#Q!N+T`(1&'6JD``X$&D:
MB`$7T`=:IQ06=%0$N(P;`E9DISTI^$D"X`$JXGDK<%L`$(.B$S0(@`*!0Q(S
MH@4SH`1*0#VPMX9]ISP-,GG7P`4XL`)24`)+\`(=`!_`$(4-!GE5:(7YDCV=
M9((3<`$,\"Y>V'D"L`!X:`-?P1%E"%#"I2/N=P,&$/\&85,+'S`%'@0`3P``
M,3```Q`&"V`#,F`!](-7@>@4@C:41DF.1A$9N24&64`$7C(..Y`!##!M_N!!
MRC`M!N`#;%``95$";,!S%E`-099Y;>5^@^<&__@,!5$##?`!(3=^JEA^*(=^
M=!D`<3)'XV0`BXB/67(9['($3+`$#'`#R^(XW94>FG5'(`"0)#!'#%`!'9`!
MCXA!]!9C'%&454%H"Z@(/$``4)<`ZT<`95!UD18%$-`$':@4DG%!)I$%R=`@
M#^`'=P"02C`')U`#<W!VUC8'S*!V)Z`B'>":`'`%'3"#1Y$$$#`.7R"96A";
M?A`&'Y`!)=`X`.`B!=%4SGG_+WZ4#[`P3B=@2;GP#T)XD>0I#0UB!O;P(G;`
M>$MP=B?`/'`"!?-C)A20!%(``CM`2VZD&8R"2R"P``1(`GOP`'#@!*PR`$\@
M324`!B60.X*2!1RP`VB#F8'XAT<93/D34&:B,_@):R6@+`4$!;`V>PQ@`5<@
M`R5@``5`!#;``%H`$Y)3*UJP!%V`!%'``4A`(D\0!I@S!PMI1Y'C!.]3*QP2
M,*?(!V5&?JO80B>D`$^@;NO9?)]C.#*'-A,Z$@C@`;((``;0`EY0`JX#"UPP
MIF=G1^HQ0M,RHQXP#`80!13P.Y=)H5.AF0:51$G@F:!)@020`*1Y=;H!./5V
M%)*A_R,F80'J\`#SDC!VP$F[J9O0T)N\J3#)(B<V@`$CP$9'H8_$MPU:0)M:
M``#2R0$><&O>8X*THR\8H@\5@&7XP$6[5I[D:09X$`?8<P(2(3$G4`$5\)[Y
MH@QX2)@;,0)G)2CCU@T'T&:8428.M`-AH`2@<"[,9P`>$!=T%HT')*$&0`&-
M<J%'8:'<RDL9>D\'M@`#600N<*XNX`$94`3F^BLG\`4_R0`1>01',`$D<!',
M<`*;0`3#<`#B=H<9]",-,;"OY@]$*DG,<*1)&I<FAW*($0`FL`$!,`339PH<
M,`-Q6`1B(`9LP``,L`-?8``;`0,2"0`]H`DD8&5,@`^I"O\+"WDKB)5,;5(!
M0T=%<CJG2'=<B5`:>)JG06`$I*D&K(*:R;D4M]%B[--\`+`'=]`,8U<OCLJ;
M[_@A#V`*;"`#'?`5OH2<V#0FNK`'80``:,8E,:0%']!KG8>>IUJ$RB`N7``+
MIA`OW_6JL.IL"B$`MOF=GRHQ&-L!O,HAX!(&+<$!:($`/%`$!+8#8D`^'9$N
M;/8%;^$!2W"HKX0<.P`&-L!S:J.Y$SH.HO&M-^&MH.M7(UL`(B`&3G.3>XMK
MLN"/=T2)U:&K1)`.<\0<-?"I\E,+!W`%8&``JT4?RN$$&:(M!MM%_F*D?+&P
MH]6P?W).$<L"ZE``7,`$8',"'0#_LHOE!=J;HE\"`FQP`[J0"PQP=N1T(<S0
MLOO0$+Q@<%4P#$(1!;0$&4Y"IR/`F3U+@4%0!%R`@6K@!BK0!#!0"$*)%"W&
M`.\!-@#`#!!1`S6@,'>0FTP0#5*[@@)3M3AP!19P(:*#%)IZ5-5B`8[5'3'$
M)AE@`)WZ#&JKG5/U#-9P#4)**\[)4W4;>;;YJ4_PJ=43(^#TMQ1B#78P`QE`
M!%$&`C]P`U\@$3=`!!:#&0B06RL0K9+S+D_0`6``!B*P`)KQ`N?2%3BQ)*/K
M7C?[Q;_$-@@P4L'X`4Y@"J;PMFI<IAB@!3L0+V9K27,$D`(P`5J`9D00LA>0
M`3N0!=9Q_P*>%3D6<B$"8;P(>\?)RP(DMXJLF'(*$#4F$`,E)B[HP0"M8TG`
MLF0>D+47Q`!*Q@F<L`^1X[0MS%'#>X3C8L"_:`$N<!:&TB3TRYDM@`*+%G5,
MH`9I`&EI<`%<@`"5QA3K<E2$10HBH`5AD*\,+)L/K)O6UIO5()NF\`4$5@`I
ML+404!,P4*)(,`'3]!(Q80!*MK2T2K<14A!,U3P$"@>&[)PN8LXS#%5W#`".
M90`+:@S6`YD\W,,FQ7I$H&<WL'@P\`$-]P),K%HG,`5?L`QP,@,W@*+Q!@(T
M03+AH"Y?++IBW#^ZY`T]]LH?P`$,B5@B+=)JS`2V"I.:M44@`/]1W\.E+L`&
MKN=V5&9PZI!W`<$OD<0\R(NDC*RDJ\@'?Z(8`=!R_J@,K2IL+[$)0-`%%5`.
MTQF6%I!44R"*GC">U<`O;GMV!K<L-D"O0+FMHT&_._N`$2B!5G#6D&8%3"`%
M/)``%]!F@:H9:9(V_70!+O`KM<*6^0'!SXRW'F";)Y@L7.H!2X:I-]'!,8:?
M8W(%75```Q#.RT("6F`'Z-QL*G+9_-)?\5RW!@%[2^`!/GD$)<!W^LQ'-0`0
M=K`$\G,%[]8+.#`#MG`60U<R!X"B)'``DSL!+S(+'K`#'[`L.S`V,Q$!)W,;
M%QW&&=TRL?PV%W0`H\`!)#"]IK`/U(W_`8.G+<10IK)BL+/(I<A2I3O@`[]"
M4RTL``#9,`OA2?3@M'Z@L#W-L"8'U.XTU$"@@T:MJBN``[XP`5T@Q$3@`E!P
M?S=P!">@!`^W+_7P>+[&(0#!G1BP`]WQ'3>@<V\JRSF[@'X#`01`@2W0`GP:
M:6G-`S_P`RC0!+KW9D=1)C+7!#EJMJ5(@M#@S'CK![XY+\(P`-UQ!:)#.%Q[
M5+^#8,UH)FV404@PVGL0/1!VV4U;59M=GA*QIAQ`F,UT$%P`-@\S(:$``S,@
M)SO0`T10`5,P!6&@!1D@?X<``EX`X6&@HG&R![CP!&V'2'R(2\5]W,F=5_36
M1AQJ2.8Q1TPS_WBM*KS"R[(8,KX;AP\8UEVP)P*%VR5ZR`'`4-Z7K>"4OCS2
MHP6+W,B.+-\NM`5R``!^P,!M6P`,H)#+)\Y$T(2)9`$^@+DGT*R:?:KW($ZL
MT]4M$(L%,+\7/@Y^,P*3P`A&P`,9F($%X#<8I"D4RBBH,0(G\:E\ER]\S9O1
M\->_Z0<M*"WBL\&9FLT'D$L7M#9'=2`P@%LN`"?1L%40QN1-/L,-4`/)$8L[
M4(M'(%,7]@`%89X+\+:S0@(#D"P+L#J[(`(&0!S\Y@4&``1#(`88\`22_7(!
M$B*S=!-G6-RQ/+H8?><ID^<_`0/XD`%',`-VH)`:DMDX#6"6G"$",?\'6H!`
M0FP^WD!8,F`#FJ<VMWF"\Y*V..\@ZWWIF>[3Y<?I0NWIH,[`)U#(_C!',<@Q
M+_#;1X"YCN,ZL8GN\:#@@1<*_XX!$P",1Q#S'9#K3$*G)LZ`2?3K!9`&5M`&
MTL4%&P#`,S`.YL`59`-?%6`!2[!SK2L`("GCTXX]SL"0#[<$08S-(9$"%)!*
M;0,:&W%4XSS9&BG/1;KN\5P0!(VB!B"O*>:#32,PZ(YMI3:]^CT%'8`T/E``
M3^`$H",T*0",+Q@%-R`=NL!P2/,C&?"42!$W%H_<&%\E&G]@;2("V2"D!\XM
MF5V$`%%J%U(K)C4!,T(9)2,.:7,%D`[;V<#_>7>`!]9__=>OW@'#\SRMZ3\=
MU(NQ!3I8`[P*"J#T`!Z`?_(1M@S@`SX`)YJW*TVK'Y?M(00JO=$$!3&OATX`
M"'V"@X2%AGTA/'TC$7U&@R,C34T0E2$A7'`2FU8/"`@C@B,4AI\(@S0T*2D,
M14<R1QT&3P!A)',83'-S`G-^'KL/?DPX!@M+*U=!H8,H$`<'IR\@IB`O?0@P
MGR!@,A][,P)^X^3EYN<UZ>KKY^WN[_#Q\`(?6@97)2\($2E='1@5Q#5H0.[.
M@P<S"C#`,&/*C1LRO-0(,\-""00'4G&P<0+`A!T30O9`4F*'C2,B.+R@(0@:
M-%.?#LF<2;.FS9K+_V[JW,FSI\^?@U(TPGB@@`4;2V9@X%!@P0,E=_S4$'"G
MZITX<?Q4/2C@@8"N#[2<L."CP*<1*6@<T&9C`8`9X03840(5C]V[=[.2^^I'
MG!8Y?&*PB*$@!^`_B!,K5ERG<1T^<K`H$!Q@"Q``)T[4.-%KQAY[%F#98/#!
MR8P/#'9HF;%@P0D[\MR!+8!AR0X9-FPP69F*D$N;B?J0&F&D>/$?QHTD6%[&
MRJ9-<!!0`$'SMZ$1`#D0Z>!"1($)'Y9PJ)!.W!P/X@1,`/CDQ`<,/G(.2O+L
MP*"7S`B],)`!"H`YPE`553EZQ6;@@0C&AM6">D5EQPPD?&`#!R"H\D4&!O]P
MP80`-6`UCEY=M;;`'!RT($()/BRAPP0,9$!!-B]D`<422Y``W@D37,@`"+3M
MV`=+?;@D)#1`%6ED(?(=J>223.X402HI@+!`"3;LH!0&33U0558UF%/@7EWV
M)<`3'2!!Q#41C/#"-#"X80$4))`0CA]FQ"$.@WB>X]4X?P4V6&&'+28H8H[5
M(4=DD[%060X`+)'9$A_4`\`.&5SA10DGD%``$PR1($`!H,*U2X+DF/$`'*8M
M0:4-5>P0Q0MI17!*2\`I$@D%H42BJZY-2'*`)IS8T>LU0.7Z@D(5>%!!2!PP
M(4Q6`G@P@Q\?`"!""T!,00(#-R39AS-$TL1/"@;_B,$``%_%T<`<=L#6I1EF
MD"KOO`C"6R>#N]BQP&FY?4%#%%>`,0$.*X0#;U8#'J2P%AW<T,$.-UQ!BP%'
M?`'#"A:XL(`6K<&UP$<9,/""?4V67+*W)J>L<I$(J$(N!QEPL(03&#CAE``+
M^D'0.QX2M(L``-C`QBJI&`L"!B<M\,&T>R&XIP!]"D:887P,.JAC=!R:0Z*5
MR8%99C4`H`5JK^`V@5(X<,$%!FQC60!<L,UKZ@.MA;1`-[D184`?$<C*$LDT
M!4=!(XO0-`(";L#11AL/]-"$<,5&TL>:!AB`@0O+OH!#&$K`%NUK]K1`P!-A
MZ,!!?/GU05^X,XUK@`@B_TP`0`->L7L'AW3&2^_NO)]CK[H-Q/$S:T,`4$(&
MKD;A!0=/7%!PASF/8^I7#7S0L`@5R%#"$P9`(<,7L%?`P0>?BKCQ#BX4<$#J
M*[>_$\KNQR]_(2RIR8`+1'Q`F\U>"1`\E_#HF1_8]0$2($$E::'!"`X`@J-Y
M``H=H(<ONL*7`STM:G^BFM4$U9@_9$T.6Z.,970P``@U"@P^\,$-?,"!3.$@
M;05P0@R=(,-]]8)>5J%;:U#C@U=`P0`C2,4^=!*<PA&.$+IJR2=T,`,#O"`*
M&U@@4!08Q&E,XV@N$(,+.""V.<3)`THXS01$D($G/&&,&?`6N`!W"%WMYWX:
M`__`!P;XE3!YJ'=XY!V#!B(F<2@A#$,H0@LR$`4&B,`%;"!"!7CAASA4)4Q:
MZ<L,M%`B"^`#`!;P0@K9((.-D:\IK:';![Y0!`;8AQ^TFI\J!P&_5;K29`J$
M`06XA03,$($!-TM'SG;F#@'VY2U5"F):L`&#`GB``Q/0`@#N,(,Y-(`SPK!@
M>C`XM4!M4%`?S$$,*".'RTPA#.BRP0J/F:D9<`$'-A-14^#2"W;A,"JLH4T3
M9>`#6!3``!2@04QN$IQ&'!&)DEL$K)#0@U30($ULY`D5=74`"D`C"D00PPT8
M0*,:K6!LZF';$Y:0+!AX:W4)7<2N%-B($11`!!VHEAS_=\''/+IT=WML0#HD
M);LG[(`#1SC3`9B0@0,*(%Z.O`,DQ_&5#QB@!2O47@J/``87<.0`.&!``4[@
M*!I-@`,>(!8J@_1*5;:RJV`UDBH,4`(/6&`)`!C""UK#(5WZLI=9\=D<`&"4
M%T1"@<0LP!%`PAJXR$Z.2G#:-`$C-4!5[9K8!.'6$F486K#H"#>P@`%J88>U
MJ:TI`IB!PO;D"]Y]Y2`+L-D$#$#/(QRS`/H`Q3_;6$1(%")7HQA"#]BP!B+T
MP`1!6M\4#0HD;&`$!!6X@1>N<`4+9*$((8&+%'`P`39<@0$(2$#JU@B)2$QB
M$@P=`0Q>P``/8`\`8B/?4%]*_]X#,:@OU6L4!\!@@0HX*J=2+8`-ED>5@HCC
M0W;([)BN!0O<:`\`9AS"!2!@@"5,P(P'?@$2*C`<5>0VI&$]&?LB3&&?_.MX
M8/C`$XA@8!LVX"O^$U,`XSK`.6BAKJ=@Z%IM4(()+.!M=_"([`9DH/3X@9J&
M16QB<Y`#+(BPFTOPP@V.P``M:.$!!;!LED#,Y$9&3UY3`4MK=K`Q`UA@`62L
MP`*T$41Q(0(%(MW5KH33B`'LX`QK2',+HA"!`4CQ)T\R:-]@<H`0=($()<@"
M&\#0@AV@ZSU2R(`%=H2`C]9'%).XP(`AH&CLNH2[6>@.`SKR@3FDHY'ES70\
M[BB5&O^@-;A@N$(&V/`%'WA!#!W`\D0G`*^O,/-.NX#+#*S5@B.48`$VD($!
MM""[A8`@)%_(`@.>\`4D=(`!BW!9D#!2895]M=G0GLDJ,@"&)2BS!<@,PX>I
MA]'QGL.74,.U/M87"FMLQ`L4L:$R9>?,`]GX`X3-H#5UC!@Z\#@'9%#`9"PS
M@2S<H`36-J<3U)9.KMRNR0-IJ;PX(Z#,OE@'"NC!$SX`!C`L(!H_JLD(>!"$
M!`3AXR`/><=!+MPTK^$+/2@WA'4BYWV8`AHA2$)#]_,%`AA`!P)8`@9,)+(7
M1"`(A5BC=0=\B:)7X@*]6A\#N=L!,8A@I2#^DJ:G3J`!RM3_R``H4^48<(43
M,(`!-LC`BYM`@R'L(0Y3\4/G^F*'6&]L!2VP00<>4((2$`$)'EA"#Y)9`E?D
MAE(BF,9=5['LE4<;*,\^O.('\8),9B#OF**%'$\C-H\LH;-PU1G;SS8::)0;
MJRZP".<T6U0M>`I![XYW-0^K8\?DX=[Z)D,/%$"')T#(]`7@@!.J($,XD%X<
M-'YIVK>R`*"!@`WY>((%KAR3WK9Q!`/HE9BG+XH11(&V!%C#*E(0A1%0YR=#
M8B,(#!!S4TRN!2>@B*I:P``@/LG0T&@"T7G`@R38G_XA8/3C/!^)+V@1K9$R
M%<%'=50G/+M0`R%1)AD0`@A0`!40_SNR<P(BL`((H`(JP`,K12=,\Q4/$A)D
M,E%7X`,[8$D6<`,<L`-E(@*XM``=D`$BL`/70$7;%PV&MW@\D7@V&&T40"Y1
M4`%'P&(?@%45<`*\-@$>X!:<,6*:%PYS,`$9@`'1(`U(D`5HI05*X`;A,!5:
M(F(UUA?4HGHY1F^N=V^1T0-B$`6787HS0$,T)"*:Y17EP63WU3M\809W$$8D
M``!$L$)$,`$DD5IHH7$]$0$4\`*DE@4#``+;5R0T."2,EPA%DP)?P'X3T#DP
M\SU\,P)`1PAK)'^)D`0H\`.BB`))P`/YUP0P@(J>MP!9D`$M)C;K$E@$.(N[
M<("8(0:NV/]]E.($$P`"`W!5(H``#N``*L`"E7@'T^,'=B`I;V$`2%`$+Q!L
M5V`FN/9X4[@#3F0-J+4FNS*#S):#1H*#X-ALD9`"+X`W'(`;1;`L<A0$%?`U
M2D@0F35K&5`!47@`7^`%%.4$;M"/,[`9N2-3J.>%\.8GJS<HK)<8=%`'KY<#
M0``$/6``W/("0'`VH`(JH7004%%'4=9D>,07CA1&4).//O`%$U!<.Q`-0D04
MK%,X/C$"0Y`6!S`$#14%SM<3X1<N#&1GJ1`!:X)M3T`"0X`!;-`"7Y!LAK8(
M\X<"Q9$`QU&*(8!TS*`F!O`%+=@!L_8!53&+LV@G("868E`"7P#_`B-P(;,V
M!790`U```<-(C#0P`5,`%6;0=LI4.5CE`4'P`VL"4:@%*FL3!=8@141"+$&D
M;#0XCD4BCHA)86D2C7WG`5GP`A7@`J31"A;0'B>@A$3%&D\`F2X!`A'%`#/`
M!&WB%=M&)UY8#ND1*0KGA7X!AAI$;W1`!Z_WD"<@!@PQ`0X9!@L`![YY$'$!
M8ERI)PV@!2A2`<0F`U=0`#`0"2]7@^`8#3RI3S"P`"T`!0PP`0$0`EE@E->0
M`ILH"LX@"1"0"*&X'.AI!#]0BHPF3-OW1$0`!18@-DJ@.\.I:;>3#G]$<2+`
M!6M1;!1)`BL0=DW0E@Y@`BQ`"WLPE[*S_P-+50(,@`2*L)C0II@4RI@CP&C"
M00-4XCT6<`1!Z6T$4B`.!P!9X`$PP",5@`088DXPP!5$Y9&:IS/6!EY[H)J8
MAF.Q.2ATH!BS"4(/V8,'!@"[^89<(8=S.)S^<Q!'%EEG=`(Q0RQ"T@<I<*&^
M@0#3F0T%$'<FH@,74`)]1I;@F1\C,)Z4$'/(X7$@YY0H8(H7($6'DQ:D@`%(
M$!)S,8#WZ5)1,14-H0,G4`9<D`WWL`-/P``FT@0F0`,J4($78`'9I@2RPP$?
MVGZ5TP43:J419J&8&F$E-0(,8&LR``4W``0?(*+G0!`/,@-7Y0$B`S.DX6(9
MF1YR2`Y\!#4GH/]E6I`5T)*CL#EO@@(9K&<HAS(!"G!&`\`"%6FD;36K>=H7
M=!,6'I`!JJH%#&`!;/"=VT=XJ;28,)<$5`0#,Q`$-@`&#*`#(5`!V&8`ZQ.>
MBV"FY<F4:KJFZID$4;E`IF!0GHH$`7`V>-JL>'0'SE0#G0,`W96B"P`S!@`$
M)P`&'4`-J;`!*B`%)U$"8T`"O-8",B`#%<"<?=`%2;"IF3IA(`MM_T0#+9*.
M#:.P2>H.?)2J)V``^&-E%G`V+[8O>])'PDFK7V%D2J,%O'0G-]:K"5DUAX(8
M8S`&"9DU6Z,H`V`",9"L#P`OX\!+_AJCK7&C-H`!O0@`^7@FV>I\T!G_;=U*
M10@P`T40&A.@`RM`!,5E%AY%INX:`O`:KQVGGFZZ0%'X(ZJ`/GLW`_99M7FT
MIP*P!P"`:TS!`1W@`7GW!`O07F19F&M5!8*F`%-`L#>0`9V7$98ZLF"EJ9RK
M2F0:!>B3L25P`T^07_)P::DZ28BT`T<@,QC`!39T7T@J#O8)8I'BLY@&DD%K
MD&&(&#T@!RG0`WS`!V.`!8NAM#$0`";0O#'@-7:`C+0*N*K9,7MP`A!23)@4
M>$33&R`[M@H$#67`=24```#A!2)`@^Q:IA!`GFBJ'"''ICQ`!&\:)(=S`#1G
M`R*`5C,@==2[.U%15)AT*6#@@APP"U_@`3Y0_P4%T$!%LP`/"!(Z0`+M]75V
M]2.;^[FNY+D:[$K<A;FV=@/@L;+HH+H>`P"CQ@89@+U<\#:XHWE(^CM$=;,W
M>SODH*/SU@1RT`3$:S5TP`?:Q+S-JP!>0Q52.Z/4^UDU:R-K6!N4XBHD)2M!
M<:'V$7,,=0!E``+WPU$W(`87H`T@D"3LZ[Z@J!P>AYX_T*8J,`E`8E+'DT)M
M<39_^[\PU1<U4)P[<`5'<`7N97H30`2Y!@:D>3B@`'8%0`M:4`%BUT"PL@JE
MV,&KQ,&0/#\&$,':XP6[EKJ7QBYP@4G$I1HQ=#/Q\#O0`F+]XV0%@<-#VZ-_
MD)`>5&\@1!D!$`!$#/\`T7O$5.NOIJQ#!0`'%UD`Q@,&'#`#U*`-@N!@5FK%
MA&`$(U."07`#/J<-!B!=D.`,2@D!]8<<RF$<I*@"$-`$OV4`>]BB]%1D"TK'
M>"2/I0=>'L$`RP4"M%`%XE0!,P`#]HQ3+>:@6S0`&)&MCSS)\B/)`-T^(%!L
M;L&P8,`&6A`W\-!2<@$TZ?@%A<L_7=&OI8('!Q.C3<9I=Z#*BU$UL[D8@/&C
M(:0H`6`8MIP[4_N_N\P:3B$B'(...]!`1.*]%QIS2/0(^,@!12`":0'.+Z!&
M[2L)%W`)H"B*HVB*WSPY;^0"KP@&1W`$!N:WZ-P[\@B<+T8;`!&[(%"X/^C_
M`U#`!+!#1A-R2!M+ENNS?33PSP/=/@+=UBES`!RPOV12`6Q@`P`@B_'@,_DU
M-DM@`!-`&S?3%:-L+T<\JQSMT8I1O(-R*(XM!ULP&6-PTG1@RW&`RRQMRC.`
MO0HS:QW00STDS#2MMYB*T\=,'*"P)E*``@D$"NSZ+1"`:/-G?Z5HBHI4`1#*
M`25P%+)#6CY0OHY"PE6=(+**$#2#`2&P`K%;`"1@`"<!!C9@`2=2`15`!"?`
M`2ZP`WW`R"XS3%)PJ7"=,F\=WDT"7+'S!%F`VS9``C?*,U^2AR?P0QS#%/MB
M$-'T#O:"T5*+V`72T4*[V*W<V(\-V?HVV3E0V79P_]FZD\O-2KM?`4U?,4D+
M0$_T]!!:MB8VC9CV49YD:@0LD0('L-I$PS?+`#C6+`@PH&CE673YAP%$0`1'
M(0:O``8-L01$``O9.0%).-STPF0ZY`0<P`%<T"9S,!:X,3X3D(=/\)!+T((C
M8Q]J+43?S49]DUOD72SC?>4Z81V&L-L'U@$5X+H@H`6:.4#5HKA+8`=88K/V
M7=B&#2(5=`Z*36^P#$+Z)A@';MF8S>/[K3#_\:&2>@0^8`-0H!(W&9TSL`$;
M\%L@``-ET`<PH$]2(`4.EA%!H$\,A`#.D!:?<`"3$)40\'49P@8'#``Z<.HD
M!"$I80,M4`7LK`6\`#8$\?\_/#X//JY.K5%@'S&D0S`!0S!KDY(!18`!#IM;
MG\!E]`<X4*(68:OE?-,W?4,#EW[HSLXD0G(6=]4'&!`[`,`$J::/9+[7/D,"
M3S`$3\`Q3J`PF99ZOKNC=)Y-=\X">9[@>S[<^]T7K5&<3.`"W>!?%O`%(JMX
MH4`#&Z`!&J`":I$6/]`RJ0"*+7$`/]?I%^<,ZCH`V\4`':""+UM@)^`%+1"6
M9[,#-5,:(K``7Q"J00X2/KL9=ZPSG%;KYR"'F[4O-;#9RB0GQ&RB$U4%+M`!
M7^!$>$LR!J4ZWLI;U%[M-Z&)`8_T1Q(NV)X*+\`$9_4$3""?7C"?M2K<XQ#K
M1K;_-+&Z[@3YWW1>YXN%YPBNX"O-Y_$"%@\`Y+.&`8+.5%6@L4O?;"7U(PY@
M\!I`=@J_@ZG0!5W0Z=$0!-L``@<`+MF@Q3:@9=LN44@`$G/M`B];`0T[`]@S
M#3N0!60D`VC5`#.P!"V/RC#?#D@J)OTSCS@R`8[R!!S@!47@`ABP'XU<TP;%
M0%*0!'?5&_:1X4QO.,L04+V_)#K9C2_0`5GPY3]X4[.CSO,@:R("HV`O#@59
M6.XNFUH3[_..]DA<U?<.6@.W`,T-!IH$!;N]-SDH.2/0`RJ@]QK@`#U`EAYN
MCC0P8()?:)U.'<ZP#240JB4`""(>%B4,&6(`$Q]+$P48_TX3'1D,?30I+U\E
M1P43$P(U-0T-?G%Q?J>HJ:JKK*VNKZL"LK.T?G-S,R=/!1Q9(E]L5Q4%("`O
M*2E1!P>5EB,@(Q`0"`@'-#1]UBG8?=W>W^#AXN/DY>;GZ.$C02,C34WMZ?+S
M]/7VZ0<(W2^8&6Q/$VS<X)`(@!\!KDJ10CCGP8P'$`6,@D6Q%4*$'^3PB<$B
MAH(<&O^('$FRI$@Z<N3D4*"`8PXZ`.S$,6/FU,2*.'.VHGE0UH,%CG!`,N##
MAXT2&7;<6SHO0I\1%*)HF#JU1PH01E(L6!!APX9J(/(%J3:B#P(4*J@ML"$#
MC`L13A9P*%'$`X!B!KXP*#!C0O_;!<QH%'-B](266:)(F=+)N+$K6I!['ESR
M1(P/"Q9D>,FR`T0U"LA29&.6#8:U:PC<N&EV;1O3U[!?+YO]-$B3"[@OO"L;
MN[?OW]]H\^-PY(4.`!9N+)A1[`'"Q*E*28\CX`[$!ST;('0,ZZ*?C!L[?@QI
MLOQ(E#E6<F3Q,N;,FGYN<I_/ZOUB63.V8L!PXD0+MCY,`MR`W="@PE0.;&!`
M,D8<X`8-&ZB08!0IC`!#$!2\``(%""2AP@A16.!#6SMLI8D-"P!P`@,,[%#B
M#`!H`@6++99818"&W>('*(K1Y^./J`C@W`<`5.#%%6PP\(4!V2!`0P10/KE,
M-:<=J`'_#:F-<$T$V)!&X)>^S;:,A2U<@`,$(80``6[P@/E-/&Y^>4TVV?##
M@`N<'*`#$S:0``,7,#@G2T^SG'+''7[<09.BB`+YBG,'::$11QZ!Q(=YF**G
M'@OLP2033_$Y"J1]00JY@!,,&#"!"R5`<4-2<?JV@0,.4(@,#0TZ*:$#U+B3
M@@HT:'@`""A`8``#14WR0C85%`%&%6&`4`!0!N028U$WW%"$#V!P8$$+/G"@
MA1VR\*B0J.CF=*B0<VBAQ0D=N.`"`\N:Y523$>1331]-;$"5!AO`XY0^Q<1J
M\#VS67A!"VGRX'"::[9Y\,2^/4GEL`R((`(`0R"@@X@?S&!:_RVKW#('H1"E
MVPJD`D@:7J7D86J2IBUQVMZG\,FG,F.DBJ*=D`\4\,($#%A@`*KUNLE;-^TL
MC4\*/?306EAET-#OKFDA8()736Q=#0H8O&#!$1EP\`(%3AU0@@\E)#(#7R0`
M\$0B)P#P`2A?'#&B%QE4$),=<YB[V,Z$LX+H'3/,8(<=[F(@0@$C'##"O?DT
MZ20-/3CPKPI]]!`Y6"!0+'HY8BJ,`P%2H(#"#S^@P(.:NCD]^NSR/#G:`2\(
MHL4,#!P``!0MM)UX+;5\\($6'\P16>&HL.PRI>-=*O/,*FW:J7N@ZLP\1:3&
M-XI/6RUQPB2>@=FT.[N=7\\(U!R`C/^#96PS*P)4U(\#`A)2\]4(8,-@@0=[
MD=SD$+`6-IP`1CK0P1-VP(`G3&$!>W$""0Q@`08LP0M'8```9J"$P(7B7-MC
MWJ#\\),"<($+(#B!!SI0L`B(YG9."HV5I@*L;;"O#P6CG0YO=P`8F"D$09!"
M&8Q`Q-:]#@+PD-UOSL=$..W0'!'01S4&@`$`G@`##!C"!VR@M[X,05`(@90H
MM```Y"F/9-MSWJ3$8ZGI42\]-;L>SFP2PIQT+U1`$\!RQC`0:NB#0.UXAS1R
MDT1Z1&!RDJ-0%,L`@@&8@!KUJQ\":$6KM-`@"=.(@MFH\13V@:`$5R""!7;P
M@A-,X$A;F`'_!SH0`BG`@`1#"(,.=E""$Y!@>*!H``CK2+A/U*"$3L`!!CZ`
M%`Z$SH7(L)PE0J,Y#21H!+?ZXQ-U*"8?7@`&4H#`#Q+`32,8,02Q^U(@;Y,;
MW11RFN1`0-J6X0$1+&$'3OC"!`P@`QFP;0(G(%D#CJ>%N25"?+ZL01W5^++H
MN;$D*%%)'&_V'CKRDCX2,4/BGC"0?"@Q'7[4DM4HL$P86#,$1""""HBPIMC=
M:Q[,<`H%FA"$E@8A`9&L'R5GRLUIP(`?[1C6L%Y@`!>`008W:`$'H."#(\S@
M`T[8#Q.8X(0".,$)[6K`=1Z*+IJ887"HF`.Y\`.4_7"B!$@XP3)"_]>'%.1C
M&4^YQJQ0T`0:P(`"(V#1#J)@EJ=T8ZPY1"<@K=8$"*A!`H!-0Q%:F@!O)D%-
M$OO-(=]Q`32E"6)L>F(QPJ(O/U:"?0<X5A$8\`$,$..64FA`?[2@!%K8P98`
M6,(7RHA'JA[DM>"!7AL/>IZ46(^AV7,M=R(ZT1M@P"Q>,N2P(+*`!=&``C!H
M@@I4X#`>=*$+1US31>71M#X<\BLXB.DD\R>A#=`@<F5]X5@+L`,HF/<(1_""
M#UJ0+0T"Y:E<4"H3'A&7B.CV1U;%*BI,<0>@`>6$)/@"$@HP`+26E1MD]6X4
MQN!=IQP+"45)%30$B$,<!E>OO[%$%"```_\K`%8"5O``80N+`MA-]S7N:&P(
M>)"$%B?AB+K9H9AFS`Q]4.!8&2A!`V;@A`<88`EE3,0$;BF1.1!I;A.HP`NT
MH)WON=8[L65CS&B;T-MZJJ&ANB]C(OH`7=R`"&>]1PH,``<K6*$-#]@&"-Q0
M``CP8'6K:]V+$7OB<]SKD-"D1G81``$3/'*YRV6!D\+[@F<8HP-LL8$/.E`%
M*,C@"CZX@@'>E9^M;*4`3GUJ`2*R'2US)[^K:(!5:7(=.$A0P"^@37B36:%L
M'#(9UQ`;%$Y05"28K7+AQ36&@;/,"Q3`PX"U0AE<2F(3$^@V:$I"G%GG.CK7
MV4WZ,O`W$#""%^S_``D5V)T3W/``(._``Q^(U@)F$;<3#*,33_B`D+0,Y37"
M3'JT_4.5%WKEW'J:,6900MT&$L5GDV/,P)9`&Y#Q`#6T`0X\^($1AEC$.<?X
M'NV@0#><1(U':LV[&_#S(Q^I)=<8P`"TO$*W2B`#)C3Z"C)`$3Y!<)WK`&5:
M6['OO3]-$_W&IQ0U,8-UKO,!!MC``+2QQ#7F-((!P"`_MZ)!`8ZB@`ITP`(H
MR@<RS2+-7?LF&2]H`@;:`&PK)&#$/S@L$OV]OKZ&0-D*)Z)A>1`QWI`=.'[<
MTIT18.U@+&$&@'*#`'3!@>!IX99+V$.[EB`"%TQZR'F\;[L+.MMXSWL]_[C-
MV<QU8@8[Q.T&E*#V/503\#3TX`$!5T,9N$EZPX*S"4MQ2MJH,70HZ0LT6*+&
MP(+U`@:PH9X[^``';(#H(G0`$@`@`<RQ0\)9M)S3G9Y\3D"MBCF0X!9;5=X,
M6@8%$0!]XF7U8Z]>X-05@($(7V`G&R8`!!TLX`A?(*LEJ&YUX%"H`#"`P".J
M4(4?O+2;83\]("^P8A00D?2%U3ITQC2B,W1RAPV?\068T1\8P`5N,'V,PP!>
M(`-M`P!!!@`+,$PJDCC(IUN+)UM31EM\H%"05V^2IWS=04(/0`)+8`,<D`UO
M%PZ7T'D1``<?)G#<Y%(O902N(UVQ(1H6-2?#@O\`QK`,QX!9!L`!2.`!3@!D
M*D0<%F!*80`#^[$7TW<*@V)S*.@8S"=5+6.!$^`N'W`"C*!N6F`!66``<,4^
M(Y!^Q3`L(#`#WV8!&7`#,K``(-`%&0!D*704!H!3[<!)[=<;0^=1:/)F_X=_
M/7@!3M0;*79V"O=UQ.9-K_-PH],TH9$,V6`,#"`&7[`$#1@7B<,XQ%$"8M`!
M$[`$!4!&9$0"^/$0:/10D.('SR-E\!9O(VAEV'."6^@*#8`'C&,`-K`LX&4/
MEB``!@<'+T`##W"#@J6#.]ALC/B#HZ$/6Y("?Q08.<4`15`V(7-T)"`"8@`%
M(<,!2]6`TS(#A[*.TZ'_A;U8$:`V)';#(@80/A;X`1/P!(37`090%E%T`)G0
M`1Q`2@S0!4A@`9U@`&4#(DB0`3`"`#MP`QY`!,)R88,(&]^%`#YTB*M31"@P
M9V,7@^G@#LD6B3H8@&*76!33#B[T!9@0!1J""2Y`!$O``!@``\LA`&$0?"M@
M`9@F`MDB`G7S`7;`@9`Q0E1%4"!XBR)(@C9C@@[UCBMC!Q!I-,"U%%H2!2M@
M`-=0<!YF!4P@B9,HC2)I#CJ54JAA":Q7%I_D`0*`=SBP`ORQ(DN0@4Q0`1S0
M5`L`$:/6E_`AE917<Z=P/`4@".VD,8;I`8HY"/12%OD``R)@`U!`AR*`;09`
M_X:,T`$><`P,T`%%L`A+\`)(L0*=$7$7&1N5E5QF@@,LIFQS9F)EB0Z/F`0F
M.8GY9XFBHT[5E@(,@`1(T`&=V4X'U(`Y60/O8@A@QF90<`4>4#>)LQQ@%(N\
MI)2V&&\CD8OTMHM1"9BI(`"5%PDE4&C%N#Y:H@)&$`%-D`PIP`%I@`%&D(-C
MR7;3*!M_=!4@8%Q8(G1.HB4[``8%,`48L`+SY5ED^`(8P`0<T")[^0#KV)=X
M\*!XP)V!>54D9#PKX`()FJ`,4`$<B@%.!YQ9-T!4>`2JDH190`3X](FIN``W
M`),P4`!%X`0G\&.-H#&I4FBG"1M3TBNW@0./]3IJ@O]$*ND;L^E_8KF#/U")
M9=&(!J,/(Y`75W`%W"@O%4`"'\`+Q4E&1'4%''``,R`)7E`!QY,?#\&@A(*4
MLG@1M?ANUBD2V%F"VIEE$AHD>+`'$V!KR[(O]E"$.(`"RX1<[YEP[_EU^)>2
ML3D.VQ![G*1.8\8DRT0$5Z"*%;`?3T4C":J7+>>7-`&A$3JG\"B8$J$%3"`"
M.,HTW]4.8_8%40`E9G4`&&`#0P`#*:0%$S`#_!$`-E`%`!`,I)0"67`%$]`#
MUW088T,$9)6CKU%H:XEL:S)(L:,^2W0;_9>(BI@F$G.H3,$/O'D%7F``N^`$
M+;,`\55<_4$D'3`B/N`%)5#_`A:P`,=1JULA"^O87X7B6M3)IFUJ6]DY1W+J
MJ4(2-T20AM20-/0@<2!P`2B@)<O2!/[W9FE76$2TB-@*#KCF1X'!#:5!;4EX
M!75S`IAV:07``'JYEQ>!$/K5CIY:$2#D'`#``0!4#I=0(1IY``L`!4<``$X@
M!0+*!"O`!6%0`4+U!"10`BZ@9%\`!D;C0/`WM%Q*C-`D="G@%%H"39&#5AB+
MK-Q@C>W@4<F5/A,KFV9'FVGGD4=TK1"GIVC5:M!T#"]D777"`2Z0!?W!`5N1
M5$S`!9OV`#5`A@"P`BT`!A^7!47``<*7CNMV"G'0*)[F'6MJ4-;Y>$\9I]K#
MG360_SCS=`4%0`UM>P\7\`-N-P*TN6)BRSK?%$XZ>C'Z$!IS4AHOR@!@X`4=
M8#P.\1"6%G,R!Y@^D[O0X1@*H4O3UP@"0@Z6X#G44``EX`4$40!+=8X%T+(W
M\`6WU+(KQ`#>(@-%L`![X%%:L'L,4!840GO\\`+>!4T&0%D=AZSCT$30:C[(
M=G;+%G8P]K5W181/06U10"&HB@P#U`[*``)(D`5+8``!V@$\.U_3$A']`0!,
M<!E`1@(+T`B/L*#$AX(?6)V/JZ]PRJ^3B[L'1`*GQ`":^QJ=ZPWM\&:.U9JO
M.7:]@6N5H[K?U0<%4`$>8`,V8`%)(KNPR(''EWSOJ+NY._\?O4L=,W!+&4`$
MY5`6&6*@(N"-'NL$)]14S7L"/S<'.%``NB<O%02W%;``=N`&,UHV?0!7?8`)
M#$`$`\E3#+"N8:-JZ+MK*7;"+?8P;?>#8>%'M<<`=,5$K7$).Y!!H#A?%3!?
M''#`@M(?$[``8'`%.R!NRNM9"\K#,U?!^.IX&!RY&IRRKW5`\Y0!\(<[(OP#
M;_)FN.%8CS7'*VR1WO!=+W"N+=`"4+`$2Z!N1SG+D(S)W!'$;WE:17S$3T$!
M%6`!1&!++[<`<``'>QENCE8"'T"%"T`"#OQT#/0_3#`%$_`%D]!#N),)+M!.
M%C`7%@`%60!`!1!F;8QA@=18I!S_I(PHO]Z0:K,!`@S@`5=@`6T5)5*+#`9P
MO)=9A5!,R/1JR#-@`5Y@`0"P'^@HP;6\N+#E;HY+R4XI1UBVP5*Y8W7C<X#A
MR4PQPG;5!RR68J,<,4T``^SL#6E+TG"HD45#"!RP!$J`MX\<"]+9B^TX'4!L
M"KKTEE<*QN1@(0<@@3M0EUM1CRTW`[L3:1EP2P:-`6&P!-!<`D$E`M4L`[U3
M#2)@3[6T(C0,!5^P`&4SSM)6SDQ37;-SSM)04D.*8CNU`RY;`E\02G]H#!PR
M+%^0!>I:JY@&<]!9'8BB/(;A!#)`AQ,`SYC*:;THR0U-994,T?:6LGN0P'W<
M&6'\R>"P_V)A_0Y)Q*2RP0RBL4[%0(1$(`.3)C(X(!0DJQVJ4*\2>B@SO4LZ
M@<LMHX1*L=/5=I"JN`!CF(K>:0;:8:5'``5B8$N\$*!,D`O+Z05L8,U?(,50
M$`74A@1L4`)+T%3T!'49D`$><)]H`];MUS26?=:OD2\80X<=H`4,(`-LT`$B
M`)R=C`$9@`1?$#);,3RUH-I^8"T5X(*3H`66MCQ;:-B-A]@/'7G;.:=QL+?'
M4P0ET!F;:P\:[0TL-C%I:T.F\5].8`&2M@,A,-I<``>W:\O1D2@,BK*\:]-Q
M('@`\'0$JPXP0`0NT`,"#*#/JP6_9`:@8#PT;`/"'+(&+0`3(/\BX]<76J"0
M1'`)SJTBKM0#1_`LF+8LF:C=3@X;[O`"(?)S9%14,N`!%;#$(@`"7"`"RHQ4
M@SQN>@TXTF$&^+$$6O"JU[8QPS/!4NG?(>A&D*O8O$C@!9X+$[!"2Y+B]=#@
MW?#@!Q-T%G,`3&"'Z$6X%S"I3L#A*8.XTF'+)A/IMX"FK4WB+3,$RD(Z+\`&
M7O`$>!<&"U`"!@``0F+F0TP"0(6*19D?3MR`),`!/E`$0&8'(%`DDF8`S;(`
M4X`#QR`#&>09EQ,:3S[L8G8G17`#!N"*6@`NG(6/.]`"I]+-&U3%8C[F<T#3
M8Z@+]_T%-K`Q6S6G<,Z4<I[8`MZO$IK_N&^9"SYG-K#AYQR=!!"^+\Z@D2(`
M+D=`N+RP%Q+L!YKZEW-Z"_R$/-.G/+=,XD0]`X/+).-@A$2`>5=*U&'HBG>`
M!S4@`%1)O4.\')B9'P5``A$9NSS&!;GPS='<`2<P!!00`'G#0JS7&L3^\O3P
M24D!`K$*`D.;W"=4DSY0C^S-`8<\+7NGU[;0CI_0"3;0+4FQ0;)P,MP9[FTZ
MY^4NT3*-*&3Z.[\NV=\`Z`:C+Y6P#0>P=.#B`USLTA!Q*#6GJ9B\=\=SC[:D
M"`5_<\XW`2O@WN1@A%F0`?@4K\])0M9A!\WL+F\S`^WR+A\P-TM`5"=PI:<B
M07V<:&0S`6,P_P1LT`(64,="B,HPG_G@``(8@`2C_B=3``0<@P%2D"KF;0P@
M0`1>\`6[,WTF:PK7/AT"0"0%$"Y'L#%3H#@"X([*Y_07'.!0:>[<F;C4`10D
M(,4BH`P9#<I9#^^!'G<9"0,5,"(9L#ML=AU*H"AE/FJ\WXO]8:6=X,QRHP6W
MO%_3UW,N.,8;_0T,</<&`-_Q?4"+0_65QAS+`2,[X`(9(`CI!0A?'S,%"P4<
M!5I0/HPR1R<``2=@(B\'$7U]!P@(F@>9H)B@HZ2EIJ>HJ:JKK*VNKZD'(%E>
M7Q.WMR0&&"]+5UXB$#`&8#8?6C4"`GYQ<7[,S7M:6@`&(B4<1P83(/\+RL_@
MX>+CY.7FY^'+RQ]R?#$L,0HY[7_U]O?X]GQR.0KO+#GH`+`3QXR99PW0*5S(
M<&&<!S,6+-"R(P,#4"-H1*"A492J"S](\4@"J^2H`YLVTAB!H$D('Q822526
MK*'-FSC)*=NYK,$T+3G#-6BP8(86#$4L6,C"(`7'#5%2?+EB8P<`$#.RGIAP
M3,LQ`&"UD)BP9(F6*0`*'#DBXXH/`WMFP)"XP`F,"6`L@#G"P,`3.THFC'%!
MY(L!E@=&9$0`8X133C2:F)Q,N;+ERZTX%<B28485MB5VD#A18,()!D1D$'FQ
MP\4.+0T$&)S](,Z</6$0`#B1!4P!#"Y&SUS_%K2X374")K1[%V\>GWS0\>WK
M]R_@P(('_20TSOUF'`$/%G"9<:)#EA$&7JB/@$!C"E8@19+$S$H6@A1.0?09
M0<1'B0D"%#`#3<1U9Z!Q/.VDW5#<#27`#!\4X,$*3*Q0Q`X[$"'"%5=DX,$,
M)!1%@A9/3$`(`P6<<!H#&+"X(10S`!`&5TS8X,4-)KKA1E;A%;#$%XT`8!I=
M`(C@80>$6&!#808LP,$568C`0%3T56GEE5ABA,`!"[C@P1%[K54``!+%:(`,
M)<#P@@@5`!#;,@8)4,,2#0#PA1=L7(&$816(0((`12EXX*#@(*><._#(0T]T
MC$[G#PL`"42000@1_VJI3C,\4("/7?;U@GZ@<`1?2*.,E.4IG_2!7P0@O$!#
M%%=TH$69!%YJJT())MB=@^2!-<%82B'A(1)76`!"&`)J<<(.%5C@@0M%9"""
M!T6XX$(&+H@`A0PB<'7"!T)"80.9<PEP`J`+@*#(#6`,4H@A>_C!@0<9.'N$
M#3)8L`,&&_YBP1<4G"KPP`2CDA@((#C1`0=[<;#`,89PL001+C!PP`L5=/#$
MN7[(=M`)/DV0Q0U7L!%%-U+.FI6@MW)GZ'*).L=HH_P\&NEUE&K7\JW@+<#`
M`B?<D,4.!J"4JBOQE3I?P9ZHFL*6ZGUA0Q$?+.%-,C7MK'6AN?+48&Q$%?_@
M!`8A]&``$B+X)8<<3X1!PA(&<&#!%1YTT.(7#'10`0,,?$%$7P78(,+&$J5X
MRP=%#7AN1"#80>8Q8=@Q8$0-(+)`!QT\,,$.SGJ`@9`EQ#0"TZ27CB4(,'#)
M0#%&??#!@X:4YD(%!QC0)P"O"]"`--10PX`8A:D'@@$>@#!!`0]XO750+R/:
MW*(SY^-H=9)B5^GR!C+XX*84X0D")PCKU\DJ28-B*NDHW=<')WV`4(`,-QA%
M8-;8MYPKH4,-8@@&%?#PQ1)L8```GO`$(`AI`A3S`A%V(!$0X.>!$$R!+#K@
M`=P9P`E<J`"&"@"#E:DH(C#@P@+L\`$=H&6`6EC_P@2VP14R86`K)""!-)X0
M.AB,SW0XS*%)#,"8+AUA(H5X4$0*`0`D=&`8;,@"[KX%`-ADI44BD((-+X8B
M%SAA$-_X1OUNTCSF*.HYT<,''=9&'4A99U+9V<X6&Y0,0I3F"TC@@'I&<(#4
MH81\I#+?T@0VN@APZ6+K0\#P2I`42"AC*`EQQAH7:9RAM+$N7'BA6FQ@`P]8
MDG_$XH!A$+8)CGCRDS38DA.*0`$3P<$)3N``%PJAA#G40$4J6L`.&+"##V#@
M!AG(P!6LLH0AO"`$(<!!$J2X!`;8(`,O>$*SHC`Z'3KSF:N8H`<^$`8NK#)3
M$"'/"?Q3`2^(P2IV<)P6__!U!!^4TP:JG,$.H'"$(I3A6]Y@&2-QU3$_L,-Y
M7PRC&,EHLS-:3V?S#$H#VBBVB70@CCNPH2"+AD?Y%*R9=`P`#5*`L"ATP`4V
MV$;N:L`@10;THPOA%;K2-8$.0($#TTJI"#I`M$\=S6@P-9IB.)`!%<X`#F[8
M5"$&)"=8GD"6.RC`(/*62P;,*I),2.H*N$""*(CA!DB8``!0&@4:0/.J6`7%
MEDZPTAE,`0:%>$#R(+*5&^2+#40HRU@68(%[X0M?4+!`O6R`!)^51JP"N`-(
M%Z(.>\+L>6#49SW&6#/JX2R->[7)0&N0#$B2H`"Y1$(%4C>\43F4:8K9``(V
M0/\#`S!`3PQPW0EXRM%$)O:TY'!0/'OU!=>D9P1-H$`4OJ">Q-PQ$^'+;?CZ
MP``9<```))B!&\3*(](R-ADC/5?ON#('G7(!E<\EP1!^M@2P=,`"&<FJ=I^)
M``J\@`'4XD):,K63Y`&@!`Q0(=P@48`;W&`M/H#"#NYU!`[LX`LG\$J(%I`\
M/\P&M>/HZSV]*#/!#I:?AD7C]0!\CN.^,B)<@,$<JE&!(GB@`"YMJ-)(%P$3
MJ,`!--@`!\1P!0-\P``8BF=IF<%@!CMHL0,\`1*R\`*6L"\3=*QC3'6KVQ=D
M0092'>T,E/`@GC"6)]E$6%84YX<9W&%'="D35P8Q@R?_N``#C=FNEG&(@!<8
MP``%$,'@LG('.?E!"1,QS6\P$*/YFG-;C"B!#]AEFAFXCPD8<`)_X92S%M=S
M'7_-IX'_0-@RWDS!`/4S.8Z[!"&+#0/CT8(!LH"$`FQ)PWK$+`4VX(!.-T$,
M45B"';@0`@:2MJ.*/JV#S(6["MQ`7P;(Q,5HF]TMQ;0/H/PD"'K[B"<T40NF
MV<EQ>;*'#]SB!.$Q1)F4P"/^/F!'7W""&V"@K`P48!-;SC9FV_<")V7@5TIX
M0`W\<`<EN,%]&%C!"MP0A@JPQ08+\$$+6N"#!4`!#!-8P`IXL((*Y!EY#WC&
M?Q4MX$`7>-#3,V/U<J;&5)<#_SQB_0T3_`V)NBW@/9S84JM2X)'R9>)\I@C?
M)HRF*D_<\1.BB&`H$>#A3GM:"QS`L^7$&G"')[8&<\BYBFJ@A3EXZ`(XCB;)
M#=8''XLA@"^8075+U&@5+6$&=M"!%NP\`ZE*+EUP>(`9[B!6,VC=Z[$S"A1$
M@+JC&>RV*O$D*8:N[;9KPH$IB,*%=6"'>G8L/*G,<P,J8H,2'&$'+6A7$V^Q
MBPKX&T7.MGDZ.I8<@T//P`D_]#\;KOATT-P0,:\`!SZP`@^HAP)&`T%B5M),
MC_<!Y"&_M=,>N!_%N!YAH>"$"1#P8168(`8PF/C,DU>@RG]4Y]_Z0`=LP`"(
M5DDQ+_\H@0B@E:T2^(4LC7Z06$J`A"(8,;^BY6E_D?P`G+[-"QS@A-E1A?:-
M1,#\'I&UV]TN2/R,(`L6`->;_$!SG2Z@!A_8@0W`(`-9"F`03H`BD?1O8857
MOM=%,?-X@A5Y_L1POA=@$-<CJ50!AN`"'``".\`!#``#(*`8JF)5?6!ZJ.<*
M*L<1S21ZZ8,`++$!&Z`"0;`!+#``>+9*SM9[#PA2^#=U'L`!L=9,]-%,WL4:
M++("Q*)>?_)_6M`!&8!>*&4!]K45QO8!/H4+6B`Y`C!5M<`8X]<*[Z%5XK=^
M8+@E#Y0-'8`[612!Q`5L,I`O1\@B&`!I_U8F>*5%BH>`@#7_:/7`@`N'6#?(
M-<IP>07`-UJP`B(`63=0!"O``.*#'YD@@GM$"BIQ?N<7*A/E%$[A212`@AF7
M"5`A`RT0`%R``UR@(V-E@WVX1AX5!],`?Z_51_01`2,`BWU@`*TB>I_%`1/@
M:[#A%5<V`X:Q`VQ@`5Y@`7TA56!QC+=PC$]@`'CR!75D$@[D"1EW8V#8=I>&
M'U_@=]_">-SW(&$``$?@!24``#C`(L_E!)L2*'1X@W8H:`A76`IW6`MVBH5R
M=Q+!`(]U93[``"?P+%\`6RE0>GGT<8\X"@_$$><W/AF'$NKQ`E'@9;2X6^IA
M44=P`U$@BEGW=?UE=_1H*<WPD2`9_P=W`)(I)`:>XH.O&(NQ*&LHL6M>LC?5
M10T>@`.V-CPHQ@89<`,M8($"<CDZ>0-0P#<BL"?I(16I<&E]@`DM^65?)GJ;
M6(W:MHD3E8TW8`!`(2A_"!$S4@1'8!3/50AP(!%X=0=D28_M>'""56C]M(?S
MV)'I0`C_MU+U!5PWP``OT!Y=Z(BH<)`J&(M>)GJM\@4<0'U(@`06(&:>PI1K
MDI,78%]%`4MNJ34]P7C/<$C*H(I+P!<OD"4'N1&@8#070(1'4&)/T"40,`(=
M"%,C``.S!`75ETLBH(%9$(YB(`(/"4%'F2I6)0LH1@1,8@E/"95:)I5]4`)7
M``;?@ASB(/\Y$^8Z^4:#-/<`=S`;9N!1#YA%?G`H!+8V=3!H:IE@DQ>9SV"=
M/?(Z8B`#4"!5_G&7*]&(`WEZ!4F)BI$ZLC68&DA+)9`!XNA9>T-3Q5*;=ED!
M\/,"8:5-)R">]H-D/-$`']``#]``$V!$LG@E$-01HC!R4<,&1Y`!8E`!#PDJ
M*8@`BNF0#\F4#.!\**@8C(@*EV:"=%0`2I&3&4!;*9%^PIE5[+,2%G`#)9!?
M\O0,5R<1J(2.SI8\>@629ME76N!X<M"=!O:=\8AHE$>/`Z<,`O(!;24#3G!>
M^I)E[GE9I^"#+T`$SY(!:Y$!:.(67P!<*K(YA4D$%M`!W^6)`9#_*5YG+N.&
MH)>B.P32$\8V`;$!+C.`!$1`1UB"FZ"PHI\P/'A3`B5`6ZVRF29W`*"4$9>X
M)G7Y/9N(DJ5PC1HA2.[F9;U%!+2(`)YYH]N5H[S%3IOWA^,P!X!2`-9$@SQE
MBAV)G4N*3_/0I-Z)8%$:GN(Y<,E6``TP">ZU``"0`1V@8U^Z8:>@@A2`8AUP
M`VT"%F7Q"[ED`#-0`818`2?@:Z;A`EWP!19``#$P`%\WG=FAIX1R`F6Q!,=`
M%E*E47L``#40IW=Y*IQT6P<)@IJ0`E\FJ3@60:YG@AJ1$2#035#P`AQ81S?T
MK)_@%.P!`R(`!@!0=9_U*;BF$:B:51*T_PF*031B\#`!MXZ,=W7I6*L(@4@,
M<HJXRJ1.FI:^*GD.&*P&T0STIRE7I`5^)P,GX`1EL`*BUZR9A@KJ0017X%L?
M$(HX@`,#T&AEP0TXP`,XH&XX$`),0`)PQ"($<&Q'9@=ZQ:[MZJ['!JX:.`9@
M$3A0P$%(:25&,XT1BQ\N"H**T9ZPR!X+.7*V!K(@P`%>X`5@(`;.-SJ<2@K7
MR!ZRD`URX01+8`$EH!\(V;%7A1]#&TH%4`'&0']W)PXX%P9A@"[,IB)R<EPL
MFZ3UE*O;R:M/.K,-R(=B^X=U\0(`\``V<`1,\`%,X`)@P+`(``$_P+%;,H*D
M,*:Q8@!+4`#J)O\%_>8$0[0I`X@!.%`A*[``2X`$&]@"LHMSL4&6(6F=8HL3
M.&<'RM(!I3$!7=`#%\L`2,`&AJ$)61)3;*<*A5L*X]<J%L`(/I`!J[&:Y]>%
MG\EV.?8"98`!C[4$-*5)%'!CAMH'WJ4?\`M3<AM(GQ"_DJL*&^%^J)F?.V`B
M`:>N96DNQDAE`F`'-/&]9ZF`802E-.NZ[)H08@4T'X"Y:=`9$^!WBMB[O_L8
M!R"\G_E9&SP#8S-Q2D4A,J=38C.K&+``$X!.,$``'.`5_Y=S2C`;W>N]WXLK
M<2"^)U8!VP`)%?`L66`8$5S!I#`"#%!.]^8%.]!)B-HTIQ`"+F!3`J#_)/(U
M.@CS>346,*H@MPNI"6U+QJEP?IAH3*$U"$:Z=3@K`"HT0+FC/*_+>-J9@($E
ML_"XPFV)H`X2'OG5`?65%]\Z8H_KNX[Q'CL<G[*&M,>#`7CF!#LPI!SPRD2*
M3>$1ED1D`14``BTP34WT:Q\0D@V`I%?<$,EP!W/PIT("!`R0`0[3E*P'R)D0
M`5YF`Q8`%EEP!2Q!?J9`N$LQ`R84!FRE0%_@,Y2VOQF7:Y_D%.N3J&[LS*@0
M`4_37>J[`F025GE%&S[A*Q^`7([,KB<\R?JDPJU[R9ALCQ]``A7@`S(07U[!
M&40`$@<`L+3(PZ?\;6[8DW1A?W.8E1&!K"A5_P`M\`@RDD)2!0U5',P-P7O)
M\RV0L`1BT`$TRJ_LO!\4\`50X`&X<0*J(;"K0+C[80#2<@(#,`!#L`0EX`4R
M\"6.>P4E4&/4&*;[D0G-'-.H,%&<,`+ZV3AZMF?J^A#'4%U/]R;[K*?]C(<`
MS9:)QL^5F6S@<B;E5``EHA0,\`,H80`2)-&:D,PF@H[1N==[QGUJ71XVT`(9
M``G#\`+?Z@<Y-P<DC;,FO1!EUE-9(20N@`1$@X*Z*=5%MP.%"&P58!%P>UNI
M,`+?55?&%M3YQ@%<[*[PQT`%D!X-^=H-*=HHZ;^870H;P1AW8@`Z$$)B6<\C
MZ0=>@7U\&M9B#<F.Y__/*<RZ9CVEXID@]R@@>.$#-D!`&+"^*``"`R`^/,`#
MJ+!K1_`KY*5%"C(4BN11RF`(B),!!'`$U35``#`&)<(QXQD'O]S8C@T>RM`K
MR?PIZM$T30W(=)2P'C`!87`"<Y,^"I4JM%T*(Q`%&2`N)4`"H<A4`+`$[)+,
M[O7@F@14]IF!'5`"#WE'HU-CM1UT.*9Q)1#'.C``)`0>(EF=7-<54OBC5SS6
MO5K)`7W68LU]^\(%8<!.7@`))%`"3R5ZJ0,#=@T"1!!55IA7RU#%(/G+WQ$1
MS`MS!%`"P%;AOF8\4C@@X,#8]GT.998,HY5"7?"XBTI1?OS?%<P29OQW6A#_
M!@9P!4X0HI\P4:G`$3\&)A'2M"=@`#8@!OAV(G'%H6*P%H9IIO4RE):P"9VP
MX#%-`7H<2"C&%Q.@`X3@.KK#O65F3PU:9(MMQ<U=3P,FR62MW/*HXPB:(!''
M`3B@`TQ03AR@`SIP7BV`"'2$Y*9<=)ASL7A%Q5#>#%(N1(40!A8.KQ,P!&GS
M!$-M&J*KV&`>YN6@5\@%":WAC%"]HL$)R!D'*U=P%B*S`M>6/G<.Z:.P$H*I
M%\%=%ORG%%)%%CT`[X:A7E';:%>P&NGC@26.$7Z\`\5"`CH0H74)%"].*45V
M\*%>XZ1^W*>.X\M=X]QG"$XP&G+F`_]#`B!P`[/S_UIVC0$>@%_QY`=XL'5X
M4/(F;_)1WC$S<`!&,0%B`&:C,3M/4.M,=R[0OJ[23@[KZCC6T`&Q)HGI!]ID
MG!C[$0')+$#YUM(+``-3A&OF/@JHN28>$!Z#F0'H)"$<L!4IP``A`&DA!+TX
M@`$7$/8S<#8[T-^G6MN3B%LTU2TDP*5'D`C,,)TCSW@K0QS-4/*B'ID%IZLH
M'#UEG>K,S?=&=@<WU=HQP@#TM@UAKX3!T_$U=?<B;Q`G7_E(F@SA%`8Z``0)
MH!Y#\`2".0%3`-]/$'TWG_/F8`;*<!M/L"$[,`,/M/8M&=.)\1@1D`4V8"*;
M<P1D-W).'PN?\%TN<`,^4/\M*V!'P"&.8W`"Z:9NSK\"4J"\XCX!^LD&KZ6"
M^ZX8%!`!1(`GR3X%2V`#&JI"FSZ26X?8ZYCW>+#W;MGWVXG<@(_J4@KQPD:6
M/3(76E`%['(".``(92<E2`P&74E]B@>,C`@<+A\G,P(U?G%F?F9Q?@("?GYW
MEY=S`A]:`!\+#`PW$P`3L;$S$TM/3Q.2#:&@O9=QP+["P\3%QL?(R<H"<UHG
M+@PO("DI-(J+!]?:V]S=WM_@X>`'(]4("!A72S,%`1Q(3@?GXGT@(WT1+P8[
M!?P@\@=`1"%R1<R)$TZ8*%2(`0,3##B8G)C`P,45-ASZC&B$@-ZU1HP44:"P
M,2#_B!=1-';TUBC<O8WG$+0<0>$%2@X5/"#A,.$%CB$+?,@H,:&!`$ZB0'GZ
MY`N84V50HTJ=JK23GPER^,1@$4-!CJQ_PHH=2S8L'3ER<BC8RB(''0!V,&7R
MLXNJW;MXA0EX\&"!$R<+M)3XLH1)`@.#LNQ`9*T/QW.0)MB94:.RIEXU#AZ<
M`\K2G`\`#%B0X4,H`1L<)LZ:<0+`DR$3%-2J4;>7TZ>^EGK*R[MWKP=T03.P
M8.^%Q^/(DRM7=`Y$GW--9##X8"?"D@X5%LRKM]RQS(\P1(`Q,.?OWP).T*/'
M$$U)`1M7KC`XX`:&O',TJH4[!W*$30/D@/`%&Q94`,-V_]S<!\X(]SP7$P+V
MG<1`%DC88`$84"Q`@A,-'>2"&`9,\`!33/EFXHG*C-B)%EEMU=57?)0EXUAG
MI;46"VV]%9<9<]6&XH^][<47>ER@X@P&16`PD0A$,!8!#27]<T`)1;Q"V24\
M-K")'0(L<0()>YSR@0"M?>!!"QEP8(,/!!QQA`TEA#A&#R<L`4`/2XQQ2RY2
MZ58BD(`6PTD#6BS@!0/_=*?HHMTQXMPY0XQ6PA)]`,"`""#P%U"C(6DTPCY'
M<```7PLLP->I<!3`P0H'D`"&#_(9@$$7!N!#0WZ.@8-`!-2`$.$7K`#;@059
MB+$#@XK*U(1_442QPW\[$"$"$O\6I/;!!`BMP(03,P#0$``S\$67CX&6VYN*
M`K"H%5=>@37CC#6JQ99;<,D%"KGFYGO,4GTM4$"II7)01D,3O--%%[?BF@((
M##/@`0-/6`(,CZ'LH01HMVCQBFNH%"#"#"54\0`&+91VA`PM$/6$%E.$H<,3
M0$RPPQ(3_(F,G_KJ.Z(6'XAPA0$O(-`@HT07S5(V'[W`009?D&"I!PM(V:ER
M(#&B#P='!";DB+KUBP$7)(APA"$&9""=3;Q:LY(WU%##R`P,9-#"#4&T4(0!
M`%R110K&-3K"226X<$067W#@P0TW5&#G!`M`I"T7Z<VP!P``*`&"J>/FK#E5
MZ*KK8KO_,;XK8[PWYE@OQ71MKGHQ0I;Z[PR&%X#!#`;<@$02"3?6!S4&&%X+
M*!-?<L?D#KO@0@9%=```S90_44"W)!3AS`XR5']$M5KHH`,,%^@`@/9Q!7-O
M`_CBO#J0G&A!0@99&)#IT$;'+[\B:A]0`!@6//'T%^[SIZC4!]A'$7BR!P'L
M(@YWT,T=^O6\#UC@"!XHPA'T]H44],$:4^L&-2+`B-YE8%(A@L4,2,"`0KP`
M?MJ@!CA>L(,5N*`"!C"`#5H@`@:<P!D%J$`'5J`M#`"F`'TI@`!F@`%3`>=\
M2#Q&YUK$+AB);G1ID1>.Z+6C'B41B9\XU0(HX001%*``)_B"_Q>ZP`.-*.))
M"3-`W%Z0"C_$Q2IWT((!D("$#G!@:15X@I=FP$<<7B`(+Z#`!&18O>H-Y@,@
MX,(3M*<#$LSAD7H9AOFN:*('7(L#8HC&VN;'248ES$$@*($71.B!$NS@']_I
MCG$<=2D1?.`#XK)9*$CUQ1DL@0,=*,$,LG"%*/3-,4AC&PUBL@`H6(`=ZV$"
M#@I``@N((`HIH(`9K]$V<.S`F<P\P0=VT`)1$5&'X/Q:`>"@1;^DQU2?V`TE
M*;G$=;W(74^D411+1T5[I6Z=JML:'Q_@!*@%I@17(*-,A&;&"/CG"Q:X0BP^
M$(PYQ$4+#(C5`I:&MTG,`&`%X`+)+O]P@1$`X`1@.`(82#.V:VV,<@#@F1TF
M4PI*X#-?GKA6@3+URT[:-#G52-B!IC1*$GR@`V*PP'P(NIR:.`8$!<C",4E0
M*JZ-BWP(7&`0N3"15P+`F3MX3CT2]0T+G@,&)4C3'J1`5AZN``=[$*,%*GA"
M<BBBFMX8@3$+H`7(-6`&1]C!!$"P@A!4X([G(:<`S%!.=`)'EB_=7#H%@!5W
M@BZ>9#E+#J1HNBK>*[&*W8L`$NBQ.=!B`5>X@10.8)_[Q.0D+\A`!7A6"3?:
M87(=R,`)05`!$8B0C_[ZHA.XJ5$?`L!P%5B!!Z2P@"7,\`H)K>$$>%8*`4S&
M#I@-%%](H`7_-K#A!3#H03!OREUQ),P<YRB!#$+3&@!TH`,%L(>B*'"24GF@
M`$LXYU*>"E5-D(I##D'K"I!0@)TRS#G?$!H(=N`!#SA!"V[`040P<,>O+<$`
M8+A""@P0S:&I4!L,RC`21H@#+H1A`=7SP<Q8`9BFGHI'4G7##-R@!$_@*[HY
M6VQC/^=$R(I%LI2M)^I>#.,3U66^?BB`%`2P@-84X`8)>-X,I$$._L``!$3(
M`-Y2B@K7/,`#72!)`<Z++4J0"F`+:($Y%^":)P2@S)0+"A2@4((L%,$")U@9
M2M778Q2=:@X3``,1:-K=/HL#C>`]``-L,)$=(&H&'H"AHA@$`C6*_Z`(I0+,
M83]!ODH+C[`7;4A$E/".H9H$P-T@+0A*N%H2R(X+J/Z7.:>S@QM\X0MM]9\%
M,8R/$33!M@7`P0!F`"<HV&`)IC8Q7^Y`[#M$U0YA^![/=H'8.@=*QDQ\9^AL
M_`<<TU-']N2QLWD#9,L(.8%;U`(';B"".[Z@`.0X4(1>4($K0($6)#!`"0RW
M@A<LZP6H&>2I.O$`2@C@!GUYP$<-0#,2..VB,Y`!&#A0`BB01@S=FD1K.+-M
MW_1KD$@XX:S]S'%NT(!7U3#H27)),PY]``H>.*&B`N(P$2Q`%?]Z`"<H76FC
M#':!KLLH%Y2P@)UD*B#N^P;+J;6.AG`!8/\K[HL3CMY,PKG-?]XP:!,R<!!F
MSB`#8$`-N!9`Y!HHD-C`F$,J;"DF%54<IIU@;+0?2^UJSW->V-[QV5&DF[0+
MP`E2Z(2_G*##$HA`!![`0'H9$:7"93T+(KB0"-!KCQ&PX6>,`XX9TOD`K]^`
MCW;JP`V*`(4I3$$+&+!CUC.0`3:4`*`WM$`17/F!N>?E$Q==PA`RL"QI=OSV
MU[A53DG2,*4:@`08(+)J2[O=EGPC`DT(`;4HX9<MDDB2@U4"7RZZ`#<4P`YE
MV[-,_ON1D&3C!10JP20JP&`@]IO%"\PH#*;P@E[V+2;9J)HB&F0!-GB)9COX
MJ\7XN)3*5&:S23'_.4MC`5!P"O?D>H`";8Y58]1&.G!W.E:$@#^R%%U$2QA0
M!BN`+5OV0@5@``M@$R#(-Q70!400#3"@#R.``"_@!43P`1?%%"MU!SQR`C>@
M&>"R0]-A!QKS2H,D`FP$"QL#`A<``A-``GC0`''@"<#Q`'>`!Q)H#&8P&;9D
M`#^0$ER%>UBH#2$1!2*0!3#W`>.&;@^R"/-P*T]2#M2@#SE1`2=0'ASP/.J4
M#%O3;S.@!5[`!IF"`.8`)0^B#P:0!3>``5["`>SQ+ZT%"E*U`%Q`A#[``/81
M0PI2-5/C,!S`,R00!K/05,U6`UR"B190`B,U!`#`%.)#<4_X>FDW8TT$_T\V
MYH!3%'<1>(J^08$BH(1^409)TH$4$4$U]&040'@!T4$IV`<G)!,WP`![M0"]
MX%!.,0,WH!M:H#\`P%1;A%NR\$5*1ETI10(S8`9U\4H,I26R.`PCPAI:X`1=
MP"`9E(7L>$$<(`(AP@5UF`%00'@CD!]/=T$1\!TC$`5L(`:(PP``T#@^Q'7-
MQCI"PD=YDP5!@P"Y<P^.8@!?T`$N0&;YYT,Q=XBC<`?L,`-/T(@O\`7SEEZ!
M)'_:,%&%\%$OP`6L8'Z;Z%Q:L`1LM@,VX`1/,`,'U%#CB!<*2&.L"%FN6%G9
MMI-!X@E=I!1]L0(8R$,,L`1+L``4Z0%,TH$,L/]#%;`#!C",*;`1&"`&"U`+
M&Z,%ZO,)27@#7.()8-87%[4>#$"('2!.8,9'X>('GX$M;71$1*D)!70*!;*5
M&]&.@-D'3?`%(O`%=04#3"4#]D$_;9,"IO5]M;56!_$!.520(V()4^$)%R48
M3/,/N4.,C?8%1.`!+J!7#/!7JM9_MF%L?%0G/D`$1(`$\0%#-J%!O6(`1.`"
M7X`M<,D7B%4),'D"J`$%&4!F,]`)G``*IIB74=&3JSAMK8@6.0:+E\6<=T&+
MS,87*R`%&J5#[!$B'U`"HU%(R&4#&/$<_M$',.`!8$`S#V9H+Y=2FOF,:`EF
MIN(Z?^$0#8&1JM94!MG_`->R`SQS@$09A;2@!="PE>L8F+?G'Q9`!#?Y9!-P
M!!=P1OAH0?(``R>X#QE`!!JX`Q<9<WR!F<I`/DKQ@C-P!7M&/YYR$M=$;CMP
M`E59D/[F"20:!P_04B2P!`_T01,@GH;P`M_5F+UR@D"E5\B$3JSC=9\!4#O@
M`R4PEG%(E];9)ZFX=@P8G3;R@)9%H%7:G$8I`DCY`$RP`NB!$^>U`A7@!-?2
M.U<Y`7H$!2;$,$]6`3[@!7A*>AD`0;;P`9:W%/;Y`(051.CA!`QP3D9T*EQ#
M)J!!.:VWG#MI!F%2*&)@'"7!H.Q(`P>P`L8R`0-`9C=`!&?DD&J#`*@5-[9S
M_P(%L)W8\89-515]8HNT$)NUHH\:(2!$<"@?$%^H:9`&U!FK64"L\5'1@"UE
MPP&9DE.Z=PV-]S<6X`4"VF^^20PN)@`&9P&?:`,U(`F[H6U?:@S.*6UMYW9;
M^HH06)W?2A4>(PQE2GVJ@@'!U5<8``,S,`2)%`(@0`(<4"W\\P\PP`$X@`$E
MR`K[*F78\@#TF9#2.JB*"C"*^K!<<Q!V(I\'*8%1"``%D`$=8*F+B:E8N(\P
MP*F&L%Q8%FO6P%X',"!(D&A*IBT/P0"&6+%0060+8`<GT*'&4:H'\`(%,@&]
M!;/.9PR<D(1\!`(JID:KY0(=D*P;9%#:<"N*@%`=H/\%=H"7QL"DH.<%(\4S
M)_!_Z9J95J&*XMIV0:ECL?BU4>$QR0D*"B&7N<4`#6%64K"=904"X<EY)8BR
M,O$"`!&2:?($)_!O+3:'@LHCL20D?I*XGF"#RV44UIFCOU4$T9!AV^6Q'#=,
M`<$&/H`$>.,$I1D2*1`%PB(&[0,`89!(#G$>376C:SL57Z8#;%`(+P$A*OB)
M']`0KNIO3=$4HN!9_H(#:8H!6N!,,["S0#-K#((?4(N;(J`%>W`'WJH4-X17
M-G`$-?`*8KD$4XJVX&H5'X"E/QE/94N=7LJ]R.`Q/J(0?I)S<,L$%?`0;ZFF
M!>`'@R8#%.0K#R(3<;.;)_#_``F0=L+`(V9`;+IQ)=N+B(L[$3SS`-'K>G@P
M0EJ0$R\030MJN=TU3$\6D@5A`%IP`W$R`P-!!%F`=9-R`O#:0_U)&>*B"9N0
M%_XR`U\@`T3P`A'P'`<"?A;P`9"CB>HDP+MK2468402+`=LD9<`RP[6)GJ1J
M#6KD`3<$7>!J0$-T0QS@!79C/,BX!#9W&>9+K=X+OM`)E-)Y;>=:OEU<#&KK
M"PHQN$M!?0L``Z@6QZ@6$6SZGE=@OP5R(#&!2303N#?0(S57;*`P(I]1"J-@
M%;X@"DM1:<1FG9,W`Q]0!3=@`%!2P19\4]8P`D^V#Q:0`23@`U"`$Z29`3:@
M5V%P_P`8H*8C.0,Z^`$-4'EU,<!)81=!!`)+(`-LL)7$>,./YX*E8CX^;!LX
M6F5KV0].T"6HP0;56\I`PQP.J4*CY@$AXE((:10*R0$*YVLMX`*OP"=<?,:Y
M\<4+&+Y/-+YEW,#@C+YJS`2*7'E>][`."P=^P0$/P01#B"T,`%!9$`50\@)$
M(`83,`0#@+#"[!3%!@PZZ!I4)I8VIQNR_'6S7*!\1!&3#"4H=,D7S#?W$9(/
M9#TUI#$D``(XL`(\P)]%-I"!H04V"@JR?!<(]`!P``-AH%0IT0<&8*HO\'A:
M,'WJ1);!##QQT`R,]<IN2U=Q,Q1J8@,5`(+W6$T(<`$>0/\SK-R]?F!1'V``
M/F`#K[0#+@<:6H#.7YM.?O"]XQS&XCO&7#J4X'R^(M"Z"@%=LM0U#9M1J3RW
M3@`"A:;4(%@!8O!1E`!P"*0$HE`9FC$'>X`*^7Q#3B.6EK`;Z92=2@BI.^E9
MA9(X7\`P]T`#*@<0EHS1W:$[C,!>4?!F(30%W,,%.$!^UR>6-;,$'Y`%##"@
M<=BZ5%&?)/`%:>(HC79-E7@J!UP,8EF'8\(U%R4S1^`#E0@[])A>';%]`0'5
MN3#5Q7`'2F`4!C#1GUAE``!0%0`7-1#1:RW69.V39EW.:&VN70K67:S.O:`0
MO1#+/**XK;,>#L%#VW("7-T^+>3_`GZ-L$CQ1IX`&[)P`AQ0&EP-!C&:"@VP
M!URR!PTP!PBT4GO07-:IF:_D,%F07OA`#?>@*97KV?'S$GW``R+@)5QP`0$+
M1E[B@O":"DYC`*^TQ29")FKYHYAR#A0@;TA0)_VV!U(!&J?@)Q/-`44@`P8P
M!#`P!#L0*C-06C)1`"_0`<W+C5!,#-0=!Y!<A+5P2T+T!!PP-P!00.`-SN(-
MQN-JSNF]UFSMUDSPWBP=WW67.N686QJE$"N`C`8`#0@E`C=Y`G=P`S*X&V"'
MB;A9`4C@!5`Z;E[P)EY-.5.@!%7&2$\P)DM@G4;QR^#B`A[P+!D&D1W1V2!.
M-",0`1=@_P$P'D*`NP-W)`(?<@-B:0?@:'<GX@D>6%P?``W\80"/QS@O&!4-
M4`-B.29"CK$MT)Y<(`5$#`9I@FX#<``S<$U'$*5;5.7#0-T)!+@?52>'T[RO
M<@3.>P+4'M[B3-YG?MY"*7=J;@SLS;9M7IT"G+BIT\;NNG3P*I`V``;%Q,T3
M,`-X$`1*8`=&80>"+5-'0"V#@>C1WL1V!*\+H#\&@(,?4`$5L.552BH:Q3@B
M,!A\,XRAWG%RE0$[L`!9<#Q'0,I=>$<9D%)*H&*^+;-2D4!#Y"\34%L'TF@6
M@`3[?IS16W.O/,B)2PM5T`)5H`-<P`0=,$*QY0).X&BD&R)/>?^<QQ`'2A`:
M+G`"86!+I.$#%^(#W3('7Y+N5?$)X_V<Y5ZNYWZV8.\+:=S>[7Y/[P[O=J>9
MN.4O+/FC-L!FJA4+2Y``81`&I^"\3G,"T0YK$@DK-I!>B@AX?T>`L>LS0Z'U
MN1#NXVB+I\946<`&49"'J=3Q?99#BK]X;_@?`\+GNZ"H0-8;!!SS3D`".Y`!
M#*""'*"B5?7;"*F$B3L1%7`$#Q`&J.9#B/$%66`#$2542V`'7[1%)$H,8L)E
M5P\`U'/<][XX!Y'V95[693^=YYSVDG24Z^SF+#P7O4#[G1`NR(0MXFD!U:LR
MTE,`@]$:J+`TG/X"#`"EA^\HYX:55=G_`88043(`"!DE6A]V?GX-#8>+C(V.
MCY"1DI.+=WX/"PM.&`4?"U<5+P<(!P<I*7VIJJNLK:ZOL+&RL[2JI3!-+R"Z
MMR`[(B4``I</#P+'QY3*?G?'#S,%,R>"!CL962=9.P"%RW[#W\CB'UH=&54Z
M,VX%'!4<)P8^5T<,`%PXG`LS-8_)6DL=1)#0`BW,'!DWCE@0L,,`@"4GO$F<
M2+'BHF'')LCA$X-%#`4Y-OX92;*DR9%TY,C)H:`CBQQT`-B)8\;,(446<^K<
MV0B9$Q&-F#!9A+.F34EQDB;]5DS3@A-+)C"X`D4&F"I!/-QHT4*&`2U,7)0P
M`*(/!0,N,E@H_U`*A%M=NT2!J,8ARXTE3\(4NP2.IU^)2IABXH+!R8<O8J+`
M*-7G5(1:JT9(G@RYLN7+JA"06C6*%(@*+@Q\$%!,'#*_=U([*U!`BP49'"R$
M-N#ERA*9WDSW_39A21$H-PR$4>)F!X,2,V;XL/%%2P$<.+CH,^:HP3`M$S)D
MN*TD^0P2)<`0<N*BR(2'?].K[Q=.(T>/($6>G$\RY<J6+%[&G%GSYOK_`![B
M$U","$74(49-DLB"`I(&QR88O+"$#"W<X(,,!+1PU1$7EE#$"KJDDH(!#'3@
M!`BEI-A'B@>D<@`(,^P0!!(<``!``\;L%B"`=\01#B:;S#"!&!S`U?]B"H]9
M-AEEF#7IY"N:T2#EE!&0\H('60"0'$:ZI:>:`)D0A!`2)SS!P14R!*/%)$KY
M&(D`_[A0A54?=&?`%PR`H,4"$\S`10>%13/#`Y8X(D`#6IQ`1%3J/&,'``]D
MX($'15C0@@%/+*'CCISFUMY&'7T4$A_TE6H?2R[!)!--1^'4Z:L5#1C44/[Y
MD6"L0&*`P0*)+@"%#P3(T```"QQA@PQ0])'D""_H,L`H+:K2;+.GI##9"\>A
MR>L'W\`*H!E)"5!#)DZT%E!#(3;69`1)/NGNN^S24&T*-+!KP`H>0!2-`'/4
MT.5?JM7P3`%A?"#:!T]48`$#&=0CB5$0WWK_$0D`%&"L#PMP<\("!7#AQ`)<
MK,`$%P4L\`RA_3S@AQ9/<&/R,W-HP<%6RY7L!0=:S+&IMSPSPJ5[H<9':JGS
MG8J??JOVATC/3$\B:X&T+FVKTLJ(XT<-&W=,V#Y++%$#`1E,H,,0,EC``0Q1
MT(O`"*F\P#8K-+PPKY01L`T"#`7`((((,]S8]%_#I'8'CID4,,$"2(A`1+I(
M*KGDV^]&+GDJ"[C`P00E)W?""?_N=$S`Q7`!PPS=<0%`!2(8($(6$SP<,<0]
M23-!%1Q"<1L),W#L!!=,%"9=:<E`\@$`8VB923$?+&&!0E=<40447D"QQQY_
M5]]M1J#"-RK1]*F$_VI^JO+7JO7DAR/`3[/J*''5R2#SP(.\.]$0`,%-`$(,
M7WA!A"G62I8*!6QKEXBJ52\:]$$RI1@``F#@@0X(@!L?V$,$YX"3G97/9\Q(
MS0/\]0#6?&`'%D`"$:*`(E:TZ`#^LT4?FL4`(E0@"Q6H``.:Q9@#JF($]7)1
M#2<WN;=1H`\8$,$)H*&/&0B`<U8#W)>:0ACH8&`"'/"`-3J@!0OZH4UN6D0<
MYD!!+N:.5R6XD`6^``#<:<)C'UN`$@2WFV-8QP_D,``1)D`0<0F`!!\\`12O
M$$8?X(QZ%^39S[(G*OEPSR1\R,'WD":^6@62:4];A%#41S6*.`,3!8`0)_^"
M`((%,.``8[``&U#!PQ5Q0#M.L-$$S@.`*AZJ6XFH`3\>V1-G@(P+)]`"`\0@
M!@P<``9K6U%G-`,#&)AE%SOXU87`<*P;>&`!HD"`E"0S3<>HJ)1.FE(!*3"M
M(C@!<P7(D1758TLG.($##,#`QHI0!!<8CCK=\L:CGO"$/1"'"R!8@@W`P(8;
MU*-/@SH>==ID!G$>8W@,\,(1CD!':9R`8@"8P`>OX`4?E&"5,Z`EK`;YGD(.
M[9`E2>0BP\<J1VITH\=`']0H>12+7!*3F^!`"W!@SB8`(`M9P&8J[@2%M%Q!
M.Q88BQ:X,0Q9^FN<Y'-?!S'`!`Y$I0-%P,`,7K#_&!!$X3AL*`$1OJ")"B#!
M"Q9P2%1N\X(R<*$4FED;-6DP`B1=4Z>7B0"5-O.%?O;I8^)$*6DRP=5H]&D'
MY"`-.)#*B#F4L00,J,%09_!-!H#A"Q40`P.T0)!B&`.>B%#$`\Q@"7(\X0M'
MX$`!?!!6[(`I$R33PA>@<(7>Z..DG>)HT+8'TI`J\F@D59JK8!O;E!)(DDQ@
M*4]>JKL6E(PM$X!"%G8XN;<P@`-$@&X)LN"!%3CD`USD8*%@JU2.,14'!5@"
M!Y!@`2+L(#9(4$L6+/!3&]A@85!Y`096$((08.`)(A@C`\Y+LEVTE6YOA6ME
MY)J*M'[F"IU@C6"#UUMG_P@@=U_\8LG@25A&`,``&3B"#&#S@1E,80;,*4!D
M:W0HTQA5E@*X@Q*4L(=_&("/>2/"3T]PH[T6@`%.D$8-,/<4WNY(MMHS9&W_
M(%+<[J>D4O,QIR)YB$DV8GT3"9XXFA*$3.AC`AWH`',EAZ(4N24N7/"`",B(
M77^M4<F7+!P&H,.G+Z37`AE``@,,L+D9&(`#4&#`YA8PWQ6LH`-=Z()4D``&
M"UC`!AGHP+3H5:\`"]@RT`(!PXCPA)(MP#3>ZHN_C*B)='(`KX/-3?+8X`4V
M+`]G8=""#4K`L2M80`MV0.(Q9-F(.-QA#P`XP?*0L(-1E``V=+2E=S%`,G->
M6O_)``*R1X=,DB*GZLBZ1?:2?9N^)U<RR@Q6!&G,$(1!/>-T*]ARY`Y``10]
M:Y@O4-T-G$`(,V^7N^+(70'6S`0&?$`J8RFC)[D@NBF$80@,6($41-8[#$37
M(>.U0)X9(()0@(!>[!+FHRT3@<Z\Z`OK7<(,&&#E)/:L?>0RIQ-*(R")/'`)
M&8`-G&>0ET)'`PH6B*`1Q47K1!PB#G;`]0GV]@6R'*`)7BA!5-IWVGD3.XTJ
M.XVTA_NIC@J-V7\PVK.3-KZE)YO:*[5V2]5SAQM@I$P!,28V#6"`:JUB;2^H
MJP<DR@\E&,+J`N/8O)D@0P-L'`-2R'O>Z8L#'DBA`AC_^+03X+".W?EU<P`H
M@0BJ:P``1GQ%$Z_,"(")`%]8`!LD8$#FAF'SZG$0$U96647F<(<%D.`)&/!`
M"2K03GB(H0(+8"8)ND/KFS_`GKBVT0PR((("@$`R+ZA`:W/W^13#M%S)>;?5
M/=?TV:JD#LR6.OB@7?7EDQ/KP!7N?Y1P`\YAYPLNP,!F2CFO\EO++0R?@19L
MG1JKS]K&A/%S".0?0PS$L`+V/;JE+>N&>T!'"B$@)!/`>@:0"E+B(I$'&6XQ
M>2\`!EFP!!\0'?J0#)W7-#1G698U2Q7A!DH0!CJ`>A[``2#D`B=P2GAF`R<0
M!B?@*@UP!W;`8M/#`'`65A;W_P)L(`)],F%S4`S>01I&-`-V$`;4XT:[97V>
M@CU.%Q)R`'U#)GV,A&1%:(2>@WU-%EQ:!R!V<`,S@%"24@#CQT,L$BTWA$(C
MD`67\P%W('I+1W3R!B&`%W@X9DX,$(>L443=M0DXP`0K@`%#,`$EX`$&,`(M
M8D`)6!G3P@$=8`%0L0DE<QH5:(%'Q1?BDA,/H`0Z\($?<&CH!`P<P$Q@$%KH
MP0B(DFK.(68ET&LCH!DK@@%B8``D,(%[8`=W-`<G\`&V>$1:,!!:H&T5)H48
MA(3.MX31YSU&1G4FY8LZP61^X&2,`&5_,0/=]Q!BD`71)(:3$X9AF(JD4`*@
MB`=J*/]MX&!K=I`<"[`#F52'5I:.F?"#4]84-Y9.G*!K'>!S?6!`I%2(L[`+
M7M4!#T48F;,YG!>%WE(H_K(4DY@3'C8%-G(")9`!-]8!Q@(&"'$$$34'2:$(
M520"3%``,+<#</$V@E@`L"$3<&(CA$!'$U`FJ_0!*Z!^:X*,4=9\02:,34B,
M4]=(20:3.8$,!?!;51AJ4[-UAF(167@>!9`8NH``.H6-+$(#FG$`7V`!(@``
M2O!&2U<H*O8,R6$``I5TP&-$LG0"&F@)>Y6.(#!$&<`!!6B`^"@+C'$`888$
M7]`GT/$QTG!$O;@CEH`3[<=@EC0#NP``'5`")Q""!O`"R;3_:B+8-1;I(PWP
M`0VY//"5(G)C+9KQ*]M01M*A1ZOD(7JD!090!$&``;NHDT<H`$`SDTPX9'QP
M'S<)A6CF<?_1D[LU24KGC#X3%;=H1#HS3D-P`Q_0`4@0`B-0-]:8@%(R(@P0
M?@"P!RJ(8F]D%''0`%BT%.5C&AB(60VB=(MP5`)04-YQ."YP(CAT"IW1EHTQ
M+T\)`N21.E(!>':9E[Z(#)G@"2V).E'`-@7`!&)`!,5S!YOC+X\YF%]P`<!4
M8.EI+7TP%8+0)V#@`Q!Z(1!J`644!@N`$#MPDA*U!&$P!2O6`/SP@L>P@G=@
M$[,F2S:G;9G%()EU<ZR213_6+1]`_TA/!W6M.5+4=XP:A6D!TI,P:IO!@YO=
M.3RY-!J$=4?^Y`(,($TX]$-M*2\D8@,5@"C<8)*(``[](98NRBI""4FZ(9OF
MXY=7@PR<90Q]4P`>0)YR10/0@IX$Q%8OP@`W4`'P8'^%<3SR.9\/]A3_H"5[
MDY\'4`#FL`U#]&!7I$L90(]]D%;D9D-FLTK*$U154`6;T`%<0#$#T0`RP`1:
MD&HD0&.MU$I[@"A:8$^R:*B'(#B.:1V=MR`5Z"HO^BH8`4<T2EO,=J/%B),"
M^4@\"B"TN5*W>6V-H$<`\$PUQIV.,`<3<`-B$&YK(R]E\:0I@'&KEF',P4J$
MH$4^(I;\H/\40IIIO=H/8.J=J<%%"(.(OL<VC29N$W<*3JF*!5`$66(`=AJ?
M>:JG_I()M_$$.[<"!S0"!:"D#_%0,W`'6PB-H3`M!W1-+W`%(*`#B0(%9&22
M$]`R*?D=)."0`!`&4I$%)+(60V4C-A(&=F`'7+2E,^$FIU&=<^`(2!9;,EJK
M0E9;N/J:T>9CX;H>/@JL02JLC/"9+F`Z1BJFC(`P+4`/OR1-*?`"Z,DL7^!>
MS`0%&B8&'B!5Y[&+QT"+M:<45Y14.5M+R'HU1R4X,:-KK.8V];@B)=26I["H
M:Q,%7>`"!J,KGS:!IID;],FG&7,E%T`O#,2/8T!9]@2$`,`!2GK_F)%1>77E
M!1RJ!17@`V`@`%4`!D5@`Y!Z`F<)FEP0!B2P2@PC`S9P!$7P!:BW`J#:2G-0
MLLC0LE<DB\9@<VW2+QH(23&;A#,+4C4[?<:8DR?UM>GQJ]D7K%V:FUI"#M\P
MG;L*1T_0`E"P`""``'+5+$W++%F`!#;``75U!410`A;@`0M##K?(1>+;G=?Y
MI42;L[4'+EO4N2+``=`T"JK@%F[JM@<0?$A@=[I2+GF5O'=;<LF0.Q]``B[0
M-X9F`$X9%CBX`QF#.\E1K-38964Q"B]0`E>P`WT"`(3F7A8B=")K/YY+8T-P
M&PP#!@M0!>65%V?Y`;W3-Q!KBUY#:W&@_S+DH`A+X2.U9X&UZWP?Q9JNJ;NZ
MVK\[L;/9=X5O<BBV&`ZV`J,-X@>XU@(6T!`'D$/'&7E2\@)1<,7-<L4]1R)9
M(!81U4K804=:@**O=!%W:VO\TC<R.&>BT"(C$`7HJ2Q/^0+">3GY>VF[H<1`
M;"CCL"=EXB%?\`*:X02"X`-'0`Z$D$NHLP-W`P-=!@,&8&I/\$L`8#E54`(W
M<#E#,`4MHP,@L$H@$`9YH0.K5``W(`,^<`/!T#*Q9RR"P)GG,0<?P#D1@<BN
MQ*J4]0$"$Y"9EL-!ML,TV\-/>+-[7!'`^Y-$#`D/EARED1K@`K8"8`<Z4"',
M$<6/H91M24W]L_^H.-0L9/<"[&4-#$!/(MM*--PY,.DC!KL`R<-SNB"(W!3'
MI#`"G^%/```"@8+'C*#'Q=P3I4$.`#`$)'!H7_`8!T`$6\&\`"`A#X&F6A7(
M@4QVD8P$.H``$W`EL6$#%C4!0_`"W\')]!32```$+?,$,\`!7M`"/E`F7W`#
MO/8%)8`$%<(&>-$R79,(P\,-UG$,B3)4A(`3_$M.OKQL-BK,N55]_2P10HS,
MS>BS%^%MI<%973I8`J`#+@`%#7,`$3?%$Z?-2))6;/4V+S!>?#0/+N`!+N`"
M_$A4S1"VR&AK?O!%FU.]#5$6.$2(^+@VDG8#.W`"Z?0[.8(@3EW,$@/_>@5P
M`5NH%B0T`A3``,>R`TL@`A;\4`KC!3>@'1EP!1Q0`E[P!6%P`#=5-A`*!39@
M`/8C#0"PQDO@`UQQ`XKX!`Q@R!+I`Z2MEE_6!U]`!%F@'2+``+=ABS/PF"7&
MTYG'`!3#+?>ZDT-=H[=JU#G*NTFM#,>\C%;8U,/[U`OVG3[K1L,3!&KAA3D4
MQRM4F330!$HI&:IX0-Z,F!C0`9LM9AE3"*Z2W!H5!Q@!#7JV!%D@V78=WOC(
M+"_0Q<Y!;/LBO-&M=99@67+'`!-@``H7R/1\O:I41M&`'090`B)(P?+`!BD)
M`Q/P!5=@R$<`!E<PSCH&`&P@#WX8'H9&1D]@_P$7PB'(L@`IHAEME0([0,&)
M@P&W,0$/A@RTG"GI5`!$57(P.PPS:KO`C+O.O;M!?>"-L-34K7W*3!J6!3N.
M\+I:0`$$``6,K!D1T+9M&1?2*RT'6"5IM9Y6]@ONU$H?8'/T34M+D1PO0!AZ
MY&J+[=^%*"_+60`D0.`&D$1<"N6+<"N79647P.`[8!4,D(IIJ@5*0`(:!P/\
M-CJS/`,J&%8I^04P8(DR=00SL%"L8Z0M1G:7*+().04+L)%I<`0WL(>+82U.
M:=ZE<&-580%],\N;$Z`T=@(8D-:4M31Q?H2TJN109S3X<=0Z2NB0,-W,6.B#
M71$/,"PE0``%T"Q2HO^4]UB(7.T*QTF(+_("(B`647$>)""[<:`$U^U^Q=`Q
M3&!Z:F$`-MZ6HU!74```,"`_*,/LWG!9[N@QGC#NQA&"H\&![W-.>NAG4H`#
M![L#H@,"1!Y&%/GK?E1&L0:!#:`$[S,=N<,%<P`1W&``'9`6"\,6C/I+9,<`
M<=L:>X!'JU2Q$Y#B67!15YL:,=PC.B.670,X,DG4-7D?R?[<3\[O4O[L@KWN
M%($CB%(`+1#(C(;7D<$D2R+>JW"`;?&Q1W#6F"*[9J#N.FGEFJ`K6K`#O/:4
M]`X#COT5)&,RRL?ODH"=8>_;6-9.&9`QE/5AG;0[T%$!?B84>YA&?2,"1_O_
M!#)C48DR1%RY`'#`&I:F.[JRA29Y8=T;(:[`-B\`!;8CLF2')U=@(66B>^K'
M?A4D+@VP!#P/C+]\[,08]$[N]I/@[-4-[4AO22OS`010`H%<+P;-"E/_.%2O
M"E+\2YU4`*LG"`"@,S70];./LP+"@WP67@W7IGF-`%ZE):/S.:[//MT%CPNP
M!'-8`ABNEN<Q`9W;H5,%C[JR]KF3#@TQ'"10`#NVZU^4CHVO"9VP%B?@!',V
M`2L`""(&*2DTAB-]AC0<%C8='!\61T=>-S8[`$LG`$PW)UI:<0]^`@(U?GZG
MJ*NLK:ZM`J0"$W)\,2PQ"CFU?[V^O\"]=')R.0H*_[<Y=`!V<69FJ`VOT]35
MUM?8V=8%(G&L3$RQK,_0VM6QI7,`+3)L+WV$$0A]]/0C]_=-3??U_?[_``,*
M_!<A0I\#"&&``+%@1@<;$SZ@,G.GG+F+&+.5DO5@P0(G7":4$('PP,"3*`$>
M0-#!Q8D)#6L(L)BQILV;V$KIE.G1204,"Y8\*7%#!A@;%AB<6/*"0X%/'V84
M<%*@X8P9;A!,(6$'!@X$=CZ<,'#BZM6.'A<\$/#APX(3'\04((%AQ8H)##Q\
M,42H$(U"$5XPJ)#AQA(#'*!`X5!#"XF&$V:T8/)A@A9TK,3A)"6+EBU<NG@%
M&^UK6+%CR98U>Q9ML^O7-?^Y25L%3O-$UJ[%/7@P10P#+T0&T3/8;X2^"Q<@
M0+BP#U'*Y]#K%3Q8\@`,Z[\-?+CCK"+L[]<VDKISQR.7#P;$O`!A,KK[?RMW
M6+``@,2)6#3!Z]\_34"#!F@5@$$%'&C!@0<9@%&"#3(P*(,,1\@`"0`3E#7#
M"1@*,!4##'"!`1<*@8"A%@!0>,):N^U!(0`"+&%@9!Y*L<02-C!`R$)]#/)%
M%`P@<(`3'GCP`2A$SK%``07,0`(`!3`P`P@3/`&`%O_)\AHZL]1R2RZ[\$':
MEW_PD8,QM["@##/.E#,;?VSF1@HWK8"CRBKD7$E*1UP$,4$6&1@`0A\CT%`<
M<A#_A&!H",HQY]Q[C`I4'0*02G5$`5K809YW;6:*"GD"/%#5$D@P\$)[C;ZW
MD@$C.7;?3)JVJI\I.AWI!`8%A*%%%1;<<$,++=R0Q@([0-$"&!Q\`42)H`"@
M0QA3N$B"DB1,,$&)3S@U`0D/>..'%@M0%M64CX$TPP=0'+&#`0:LAY`!6?C0
M@A@E!%L!`&$\^1$75)DU!XG4/K'$M"<\NU$I:V*T%BE::`E:EV"2)B:9+)BI
M6IJMN6JQ1J4X(4*<3*PR6YVP=;I`GA=:X,6H%*10CW&%AL!#$C#S@*BBI=8,
MWTJ0@O#%$09<)@!Y^5T,VZ4">#36#060:C-T"!C000?,_P@PAQ^C"&UU1CJ5
MTA&2(+G!5@UIX9I!@SY4<H,%',RPPQ<E<'`NVSM@^`4'`)P[`1M0&`#`'-X(
MH,4'ZC1PE1)IS:#%#D4<84,&'G#0T`(=9$&6?#5:X`(S(#!`50&[=3[#`R0\
M,<&Q0P`@I19+^"'-P34=[+?"7(K6,#`/(Q/QF:NI>?7NL&2\\3<=5PSR9NCL
M5D`+.)"0'A$OC*`RH$U<X'(2*/Q@/0I)S+S/TJ8J70^D+U0`T0<;8<J[:T1[
MM&0+''C/_4"G5D"?P`">;[\USV@=(!<X<)$DAG"1E@&^\`4&'*4#([F!%]PE
M@Q+(H`4^0`H;*H`7*$C""_.:&O_5&C`D\EW%#0R9P2Q.P(!9D(`P4"A!"3S`
M@`\4H&A':)L/#'"M%Z2E<P]PPPP@`X!C/4%*_P*`ZJS4.G0D[#.Q\]+L:#<F
MVTD,3;@IV/TNIA.-<<QCMPE:3<31J1D$`0-..$$6D)`N0?4A>A!XV0^,P$8V
MHD!FRUG4^U*RDGKTQ1!]V$$&Z";"GRE!BU,T1QS(XX>KD.`+/MC!G^:($H0L
M@`$ND)8=9N`'0`:2=W7:2=$*P`7^8>"3%R@`",CR$GYI80)5>(B"OK`#%7Y2
M*:*#@KOV^!(N9DT`9A$AACBX!`T-@`0=>)`7;'""`TB!"R>\0@G`X(,"A>$$
M:GF`&7#_:,A3?B`3FC#`$Z11)9NX[HA;"HT2E^B+VI4)=Q0;XB6IZ+LK"@\W
MQ!NB``P0!$Y*Q0L[2,$\6!:")*PQ`0`%J!&P%P+F,/(Y*S%)7^Z8A0Y\X#&?
M\\,?UUF307+G`3.8@@&:N<B#PN\%>J3;!^Q@&XK:[U*<JH%*H7DD#GSRD^!@
M`@X^294%@&`*85!6B190A+*=X`G\DH$/?+"`(87!#JQ;BTY$N)83R"2''K(+
M#$@PHQE-@`-=Z``-=V`4H<K`;Q(AA^<ZYY\&>*`(6@7%'M191(3!3ISD_$4Q
M(/;$W%7,I)JJXN]H$SQU#@\GMCG!#3ZR@`E<(0LO0$`*7M"$_T+Y$Z!!B"Q`
M?Y`]"&S/HR@A!#T.0($7?*$"'BAJ50Y&2+QF1"8SL`,`CF"!=V`V("4)7Q&^
MX!A69286WK"#'>;@'U18RK3?*2TJ5*K2W7B$:TZ8E8?`"!(D'2E)#2G1#EQ0
M```H:0EG^X2&&O(`[DA-`&59U6Z6>B]PK*"@GSC!)SG`@0H4X*I7\,(1?'"#
M&0!@33M1:2F&=!FQ=(`$/K.-MK+QS;<R+*Y_,`U=T1E%X&9*K^[T*SR_8X?Z
M(NEP&>A1"J)P`2*\S`@)B*R($_"#-UI6CJ_]QU\(D3,#L,$"!7"A$Y2J$P=C
M3+\8U4(!9,"`%`L$'U*XP@1ZB8=5Q/\A#AOA;6KM4(,9G$()2K!QIG"8EN<F
M]\J;JPIR%P!@$NWPIP98`@">R]T'[.&4:`;%?QH@$_!N#20#>H'R)O""`E1A
M5A@(,\!VT(%]-<"6.@'@4BQ3'Q%\0J7==(8Y"HQ$N")8P4YDL.ZDO!\(`P^+
ME9PP;)1P@TW:5P056`"@I,<#%(!8Q)(=*`].C&(?TV/%!VD:$:[PA08L@%8T
M%@^EJ5$*_>YP!DN0D*O]89)`@8`+,ACR#/+36ZE9IBU.]<-O=UWI3N&P<U7.
M]G&G4M.K5.4`&`(!)]>F%JH-:0<,,``0R$*D#RRA+6F!@QMV`(,)%"##,-D:
M`SC`H21QD$K_G)%%UNYSE89`15I.U<R1%VU$`\N.G)`^Y\0:3.WO6)JOF/YK
MR&XPR8]\P`EEX$#S&EMJ$(=8LB2N;'.&[0\\TD-G2."`O<&HEEM6O#^F:/.%
MEI!AEOL#`31X`;(!4)8[]*X4)!+S?TZQ\)N_2CPZN3:5JXRDJC=$W%/Q7UIJ
MT(!]@<HW$_#`"I(4K6O]S=H8?8D%9'"%)YRH:.@NP4^<DFM4W+(&!"^XP<7B
MY)(RW*V-/G!<(WZ[B4_:Z<1KYZ7?:<F;""`!=\!HDL*P@@S<`P:._6=`$Z#J
M@J[<YZ\FCLZR(((E@(#F5<L:XH\ND\H`@`,9<"WH[[%89%>(;P,6__B0&'"%
MGGU@3KE??;6S=NU?2Z4J5CF2\G$8BW&YG0AL(,*`5O"3"HB@"`RX[T6O:8`8
M>J$'6KB#R&3E!`YPP2/C%?A..()^C_Q:'%(D<,,#__`E$KZNZ8R_\"]R<52`
M(^.:!ALWH%0%X`9*,`,9@`$@``,7@`-JU$9L1%DS@P^@]STC<`!10'ID@2_1
MQ#K[=W2S,`'6)W(5V`?R$'2V=Q_04&,J=4T3D"M0<%^Q(`U-]X&)=PZWE#57
MT2G6%DU2HSJ35!GM100A@`$X,%,A4`$AT`4OH`5\0Q%B]AORP0:AH#KC=UP=
M6&/]P7PVAR7F@!G@M##U-SOW)VEW98/\I_]X&,=X^_$`"2`+"P`#,/`!UI<N
MF#<]U7,]V>-Y%%B!(X``B$`$9(07Y^>#:`@+I%`#`&``+K`#ZU&"!X`/MM=+
M9G!W+K($%>`#\_%NK5&#AYA7Q,>%X\46R.(8%1("1*"$+B,S20@!P4$"L<`=
M4>@%"_!B`+`'>Z`_'6%<9.5W:[8Z4I>#?V9W?N<*F/$!#C=.$$<,"V9X9_B)
M.:&&_M=7'Q.`KO$`-S!-G8(D'\``&?`%CX1Y..`R71`SVH,/K>9J?W@/%=`%
M3R`@HZ6%T#@*I,@`2-`#SU."_``#,E!+E8@*O%4#8H8!9\,`-N`$3CA$W`&-
MK9*#MV0I^W)*')#_!9A`=,EA**6&`AH)1T0P`CM('IOP&[6(!-,B1'Y0$:-X
M(J/H"K^H?M:6@^YV)SG!&<A(?\IH?\P8:<[(5@P9'M+H!__'AOK!:9Q2-`U!
M`HV`+@6`1H=B*,OQ>9"XCB_0`?/"@1[8D]WE!Y51`5E0".GH8X&2`@O8CQ/`
M@SK1```C`EFP0QY0`5JP!]KBB3TY?+IF=[L%"BN$!/'U!2>P`QA)/6L4@4D@
M,Z$D0G>@!#_%`5X``R_@`D60`?;5`'&`!^6@7W5)8%5#"D,R+5I`-3,9"S49
M3H*WC*<A<5!T>'.)@P)@18LG88UG$W>0C9SB*06@`U\@`TDQ*M&#'+RI_RA]
M6($X,P)3N0)/<"0&P#K%^('2Y`<38``BP#P44(*OAH+]2#YWL%MS,"1$)P(B
M\`4P`#D6X(0+)Y>I:7&JMPK@%8(<<`,50$!CA`1$X&'^9'("902#60%.L`"#
M=("OYP4^X@0X8`,B0"72Q!HV=Q$6\6<-```$TA:]90W'F(P(EF`Y:9IVQ9/E
MR6MP`CQSDD7Z<9@W0#1@4P!S^`5(X`(=L!XC$`4LJ@_\L"CYZ'.`*)P5`#4,
ML2IVQY!)5C<9L`/1^94U4Q+U(*0'\"<O\`),8`%+`(O7>4V90`09P(1QR`4>
M0!\:Y`?!EZ&P89F8,8/<)P9LD"X&$`45$)\N8_]JD)5J;Q0"_O8`B/EZ1\"8
M1[H@'[`FY2"/$'J>T2`U3T`@H/"@Y\`9GB&:8]@P9;B3^J>EK<`-N5<;K:!Q
M`FAT`"(RR44"),`(%E`!.V`=+^`7S@,"D*)9?D@#(P`"D6-=2I"<AU@*FO`$
M;'`%B04#F(40(*`R.`,I!U``!@`Y90`7?10M7]`!'@!J46`=!R`"Q!0&J1H+
M*J6HX(%H?L`WNJ4$89!3.U`!O4</D#)J+O-/J,9Y$L@`4%(IE=$!)!&6LZ8W
M)*52UJ@-2]"A`D`A?*D%#S",U<!HA'J39%BAA7>:S^BLBRH"!>.HX]"N.!&;
M,Z@U1T)3&'(@+J"I@Q#_`7P!J@<@JGYX`"^0!24P9N*7H>D9.H>56#[B40@!
M#[&&`"'"`.;J`7#A?B$X'Z(R""LQ`T6PL3N(IP`+&T>V6[.@!0Q0`F*0%.P!
M*?M$:MXZ8IR'`DF(`4I1(@80<X#B/%%P!=E'/M)@L-C0K,2X"0%#K_9*#?@J
MAOIJJ/R*?Q27LZ[`J,!34I#Z&@-HA0H[*S(%`O91`4A0`67T%[%6L3'*<A$P
M`A00!2)0(#/`6QX+7DOB`F$*B"F6C[3Z!5W@`2X@`N.")#OX!%]P!8KT)RHS
M2I!9+S2&MJ\Q2&;0-P"TB/$E`\R#,XE@'*2&IJ@6!"G'`Q>``67@`=,"I0:`
M_S,26P(D.0%,ETXX,4B%Q%_T>I6O$+9)-*&'ZJ\8*KI^(!MK^ZA8"YN=IDX]
M*+<K@`/O)1^"\`(2FP)"VK?#1JH&((C:,0I&EZ$R$2TB8`&[>X&8=2,((9Q?
M8`%B@`$D<@(%0'?2@+F])ZLTL`\OP(C*6G.F`+V;,4C>@'<`!`08H$P4.2HF
M$0$I<`_)H49I*E`2>`&"H98E<%B[2[0TP`">`+S-,!&;\0PH<A8S>`W*ZVB#
M5[9F^+RBJ[9\Q;;5:Q-OBU^X="\XL`)2D'WT]`4@8!SB6[+DJXX'X&)"5C2[
MH:6X%*^^^P7-XS[<HUE%6L`5<`,TQ`#@0"O1=`=/L/\#^!2)>#1`-@``;K``
MZW=D<!S'Y*G`U+!2K8H!DE/`X[M8_%1RFV<$)28SH@("X8,V7V``?4"T(\``
M8J`W)Z!;J)"EVD`.S^`-:Q%-\@=X^3JA?$##B$K'_0>4U.BA'WJ]4M2#G,0$
M*X`!)W`$)(A'2BR=!_`%66`!D:&^=*FJK:)S[J:6?M)1C.25H_0"(L!"'U`7
M/Y&?:Q%Y.L!SHF((?_L"%E`".J!#7,=F1W91?,,=#$S'QH@E`*1;4_`!97P$
M%Y!0D2B<G9H/&4P]$$A9A+D/[($NZ)+$]2#-2CHE=A#)DHP-E+F"43R*..L*
M,3R:2]3)I=FO%YJHBAK*0>G_FOS1PZV`;;+R(3,`!F!0`(D@*"4KG2.0+E<`
M!;=\DKE\/AL!&=-EQ9BU8J6Z`UW0HTO0+1C``<K<7;LQ!4.`!&S@%X+"`#-$
M`B!P,&P6K<T7%FH5K=Y\=*J#(941+>AA`2(``Y""CH@P#]`C/6>JD=@3S[+:
MT8O4T7W0%#K=A$XH`/V,#:Q!/KC49@<*MO.WR0B&T,WHO`PMQ3_YT-7XFC6!
ML!@:BK(R`[!7`"/PM_;LT4Y<5&HA7.8YT%2$"D:S!"+@#ICUMQ;\`EW0R"?@
M!$P`1J/5713Q``-@6&P0**0*`D1A75=1,7_&%N1,(N1SI4EMEO]6(D-&R\/*
M`#"@_P\N>@^X2@^Y?9$\$-RLB!SW@!!6'1"$?`'7QP`DHCIU70UX$`<-0")_
M@R&YILM4\]9BR\F>3->@?->CG&EZ71,2S0JE%2MNO`"3`G3.4QW`B0!?<`,,
M4);=93Z+?9E"8]94\Q%CX0/BZE$1T`1]0`'3Q=P<P`3(%\4G^0QW0'1[%)PO
MX`@P<17[/!M^,R6@@`$`=@*P[<W<1"+2L@1Z!$%70`0,<)$JD"A-$`5_2"JN
MJQS*@0-/V3S:"G2*8$:;M1!%6@$N('.781/0L'MB%A72H*?34-"%"B9RK9/>
MK<`.'=YMNQE\+44H%2O`IMX%,*-)#-8LMQ*O.F0[T%U*@/\'SXTU1FXU_F%T
M,^`_`.`#%0"D-3,"&W"D2(`$`#`K;4PPT@0T9N"S-D"BVVK&80:.2E#ATB`M
M3R$E]A49)Y#4K##=6H`!'@`A1]`!HH0<9;J*P1V?+`X0QA$]32"'(8(/D'+C
M9A1;4MW$(04`$G$3<S`!1:`>HK/:C,T*2#ZV8-*\"_W=J[E7TPB`XYT1`WB9
M'5X*P)8>!7"D$8`S=<0H8+U0??$GMTK9TT4652%"`9>:EKDU;I%AH&KCB3P/
M2TQ'\%"DBFD`=J!#>RY^ZZL.>A0<?R@H#P$3")PUE>$DK`YM&.+-WJ6=8C2X
M3L``47#!%[F$&EEB@UE0%_";CM+_'EP.$*>^XQY@.'L`R5JK:-60(=;E`6+P
M!=+R'_A-T-J]O(_6W;ONY.`-[/N!L"'/S\:^!#L3!7]!`ZQ[W.[!Y80`S=1A
M$"#062"U`D4`$]<.*^S;9I(W`R(X=BO!#]LZ[L^A3P>P`U<@<U=!#NM+,$\`
M!A;P!9XJN"7`+5&<@Q1R=@"DM=`+QRHR`PQ@`3%WI"]`JDW021C0!=43@5O]
ME/S`2#0@#R51`"'G(GLP!]V4:6>=B&RA!2?0`6+0`9;QM?<Z\C),FG-]\M#[
MY"J_'\.NJD=6"B\!!HCE/#0_LIA%M#EB`#MP^K!7!!C`)$/?\JMZ"L8^%7CG
M`1@P#WL?_^XF6RKZA``@P`8B0'0SP>!8BO5'$*:)%=;VN`-@7Z\Y"!<R41:X
M%&T*7#5#X@(WD`6'G//W,`-J8`5M4`4H\,<2&$=PSBA[[R,(\0(KX`(L>U_9
M7LG5T&9O02(K]`D;E.W)"_D&O:\)#0@L.70`=G%F9GY^#8J-CH^0D9*3E)66
MEXH"FDXBCTQ,C8Q^B(F8IGYW-YH"DW&92Q,^'`8C+S0'"`=]N[R]OK_`!\*X
M"",G7U<W/C='%B=:!04SJYJGUM?8EM5^`@\S"PL3+DRX(S1]"`A]*<#MOQ$1
MZ0=$(@`G)Z1W?G&K`%`67T#`0/"""!)6"QX(:$!-0`T!,R(*./\!<5NVBQ@S
M0GKP08N'$@8*@``Q`@&,&6HDJ+2R(D&0(`D2&$'!(\2%)B/<Z=P9H8\P&"!F
M,.A00<N'.0L5Q5E*J1M$<`L`/)G`<*'%2`JY:9'#)P:+&`IR</U#MJS9LV3I
MR)&30X%7080,(5(D2J/=NZ96<?($BJXB4G@?W5#(2I(K11\FM/CR8D2*$;AT
M[9R\BU@Z!"`,?&&3X4B))0V6+#G!@0,X:H%3WZW&J-LW+2XJP.C3$YTZ=I2!
MT8BGKD*7)TMFY,ND2<N+#`Q`I'O!QH*.&0H?^"&L2>&T!0U5:]_>[8Z6"2*(
M&!!V&8&;-BHE6!'A\J7,'TELXLQ-O\__.9\':AE@D.$$`"TSV-$(4Y2X\@U4
M$4''RE4;+;A55U^%-19:%)K%!UMNL0!7(8>44M=V(.)50">.?%)8(X"IELJ)
MAJWRP1(MO)!?"K?D4A\PN)4GS`LE6."!!P:<L$`T3F#`00$)A:AD1II\`X`+
M'2A76SKKW-@+`A'LF$47]@APQQUF'-;D!P8@P8%RM5A`A`X)/9"5(]U$UQ"+
M2]9IRD-V`+``$@R\<)E/(Q1017I6>/#2H4;`%P($(^1D96["]#'2%QE`40``
M)`C(C3X%\N,F5."XN4HEA0GPH%=@B25''16V>F%;;PW"X5R+V&GK-2,>IHB)
MCZ2HVF"U&O9`_P,-D'F#`3`X=LL!(#S*2PHYI@,4""444<$'3\R`P0I2K,`$
M!DXDQ**NMY:[2%5.>@"&<KQ$>I^5Y?3Q`@-F3C##''C@$69K%9UP!4B9[>#%
M%V&T^68C<V9G[L*0/*0$`#MDP%@ZYM`8Q0MJ6&%%&D8<"E.B\3':J+.3Y=='
M+?/:X`()6@@P!S<,/O)EG-Z`HV#,D"PHP`1<H2KAJJU6^&J&&\KE(<-(0S+B
MA[PZXFM@*P8;"3^:B+;8`1'0*$RS)$.[BSQ!57###M"L8/:W1H9+V#Y/)ZTD
ML0\)L(`64%Q!BSKXD8Q?%!44<4,)A424;YAB?C,!`UZ40*\7%BP1JO]3.2>,
ML]MV/C2#%@9<D5PZ-'1.01,78.#""BC$Y)Y,--G4J*-Z]Q)I+CFA_((!'=2C
M!4-^/$2)/M1X,PUJI,+,,X2IKL5JT&@-'6M<'?I%>=*YEL@$G6WC!>R'CX@Y
MP0DW?)'?;EO3Z&SG7PLS0PDN<$""$Y]@@`$77#B!I*A*5?\\7DS!?4\X.\C0
M6#%YTQL#7(`$#$S@`R>8W^"8TJ0%G&`)4$`"$J#`@!-,P`#BBIGD)G>_$&E"
M"5I8PA78T(-D18`&D.E#$U3P'B,8(2;O"=D%5M<Z7T0*';&C00I`4``.B,$_
M'V"%[B:1B(119%3!T\3P?*:JXR'/0AA:WJS_CM;!A2U->M2C56JBACU'+(45
MQBG"`F:T+!!X[5'D0\<!"K`#&T#A<"&H``=V``XXP,$;!^M0*:H8F/S5X!XU
M6`"9O/`_==S06=22P0E(4``&.,$-"EG@%Z]3@&><8`:C60`/IP&SIBB,CW7Z
M(``R!P9:^"07T(I"%!+P`QZ@X`<N_,$/4G<3&M:P7:\KACEH`(,U7@$*F&(%
M12B1B!H8DQI'Y"#"A->S"#7QB6=9"ZPT)"NC.0^4MHI>(YJ&(BVFY@:<RIY2
M[K`*+>S``RFD0`!;ES7;P"`#.]`6$^1G,/IATU;'=,H)D-,H!.CP:SII%B[L
MH\/&@(`#-YC``CH`_ZXV$2@3;GI`(Y&T``ZX+UQTNF<5)_($!OB`#2E(UB%'
MT(29A,"5*$AI$FI2RUO^8A@^>>D(*F"#`^K#F-;0Q!`OL2`_+-&9$X)F6J1)
MM&HV3VH:5=(5MSF]7GDS,#?@!B3TT8`XV`$IIN)`"&+G4EYDC0;I*(`7&#`#
M)ZB-.LI,JFHBRI$*6.`%N]`A._#6#JYAJ7,I,*@3$KJ`]Q7`GH^(TP**](D*
M,.%(G%3K1@5@``#,``E$2$&6),,+&!B!!Q`X*0\V&X)%S:>KN8D=!XJPA`^`
M":=*ZND'FED\/@BU+&J)(C691ZLN*C8UVMQ54YWV5.N1<ZJULD,#9I`8*/]@
MX&2L<VGGP`J#*)B)!&U*V&WK%)T':&$!W7L!//Y)5V!P[82-RNOL1/>!&<QO
M;7#BQJ<&ZSX.A$M<T[V?)@P`"PY<X0L1Z.4O?A`"T$'@O_]MPF=!2QE'O>!8
M$P!3[I:D6M9*R+6O_4-LIUFTH]HVOG99JFZSN,=O2E6<C(C#'"YW`@LP(+FW
M9,=R1P`"2G'@`Z*2+H9!5)T'S($$+A`/;793,EV`=P01`,'L1+""#X3J8.E5
M[Z>0=-Z,SMA<QOS&$BA%BQ3ZX@>,$O`%;C)@`E,&KB,PP`T8,($XX&'!J97J
M:HGWX`A+F*A2M"92GYQA$9"+FW_I[5W`F5%=B5C_```H@`<:TQ,4UU`=8>:`
M"X@;8R?3.34UOMP`.4"!@=I')Y&"UCDB\((O,,`#X<@@*[!W(IH=&;"/-M<J
M'&@`*%6:LKS`,G*3-3+:>#DW$0CS/SZP!S.@UH-J=K!8(/S:"1>5MAU.M48$
ML!<L.C79UONP%QTQASD`H`(BX%JM:_@8-1J``R)@``"<0BQE+\E-2-)"%%R`
M`>4<((WMR#1N#F``(D!I`M"5SB1&39Q2I]7<-)8;_UR0'%B?3-;T,;27@=P'
M`Y3`!DOHM:,A+=53`9780C5VG(\*,R0"G*>;(!%3.;P=/D^M$7;(DUNY1F#(
M$(1>%<`4?,O]<>U\B@$&_P!/E'II#DSK0M/Y.6<%E@#=A-"<5,"KN:I=LX`@
M>:`")-DO!&ZM-R#3P`!N_(`=D`RBK)A*V$'-.)QG.T6$)5WI^PXY7TBNG:@Z
M>2G$"A``.)`!EG<5R/DI0`60<`\&S!SMJNG&`G;`@25P`$CZ?5<P?)Q7(5?`
M`_:0WS2.?HJE/!3P('K('1X`C@G4KC%2IWK5KUX$!L!8(34XMX/`CG%H:ISL
M<N[XOY6N%Y%O^-DE_RTDX,Z0/0#``A:PNTN!S&(&'&$''\``6;F.>;NXQ@!.
MF,$)/$"$`7`U-Q30C`><L`1'+F`&Y[H$*<9OO^;C)?6;U^0$*G`%N(9>],XR
MQ_\.CN4XU*M>*ZQW\^LKK,5/FA].:N=LO`5M>R9M7F0'>.)[8E`"PG=+6%(+
M'7`$P<$%7P!?L_=_VO``&#0WAQ=UN:$.%/`"M2,D#(`DX$=Y1$1^XX>!VH%^
M=S`#+S`!!7`%.P`,")=P30!_Q$<$1X!`#V`&#G%_7\=FP^9F?S!V_+='_L>"
MM;=VN-=VNN=%3%$#*0<`GM&`]`%3ZA0I^?$"A\<`C`0#!I!8$\>"I_`4,`!=
M&4`$VM4.*$0#KY83!K!W#N1>WU>&E6!YEV>&=N&"WS`#$P`&'6``/!9K$!`I
M(U!I(S$2+R!D#%`!'=`%1-$G+_`"[(`UY7-I[C`,DL'_B3!@?5E@`5H@)#J5
M6M7@'?GG9GR0`Q1F5+7%AY'0A-(3"GE&@';A=L!%%P*0)R/4-<.0`K30A1A$
M!!DP=(-UA["(%W(C#4O0'(SA"W@%+2E@$B/Q;>&V!-`G:LG80=M0,UK`'U^@
M:>>``%@&-M6X'T;R<#9@`6``!?\`?"7``8QA&12#0JRS.OTD#Y4Q#&%U!1P`
M(#/P:]=`"KIB6P^!?F&0BA&VBJV(;->TC1W7;$Q%BZ.@9[<8A8T03@PQ`[^W
M+LXB6;LACOK1`=:B4)*7>A#)))HP)`_D`P4GC;\`&=4X6F0S44F2DO)5&#4#
MB&,#`C#5!^4H+9@Q(F*0`3(@_P,=,#=:``#_P0`K(`(ND`4O,!#%\`WOM@NK
M(V!:66N3Q8D'=00D4%X/()#60)`421>,<)"HD)!$&'9"Q9#'5G9SEHRR.)'.
M4WX:@8LRHRN:``!7D`5=<T)R]8;`Z`$8``UVZ'$XB0T/\7T3\`5BL#G[2!Z7
MD1ES:"V!A@'S,VH7MIAVTHU2QCT%D`LPA64H]`+F)0)%(`*8!`L`LBUFPP5Y
M@CE7`'6S80!0L`/L0E+^!6`04$N0P8D'\`([@`2`\X>MD0UF^9!3&(1^8'&M
M981PN7&OB)-UJ5L4B9<987*/<&:Z2`(`(`-0USK0HDZT$04=X`'F9206Z)G9
MP!`*H?\%61"94RF<)Q,I^R$"'D!F#-!09^>>2Z<(OF-.&3":I,DL/Q!9!J`9
M&=`!_E$`[L,$W.(M9F,V4F!`HW4F(%`!+7`$3I`L_M59FM596Q8%+D>:E&(#
MY?57FH`[V+"<2&5YW("2T-EFJLB*<2EGG<F$`<A4J7<BVHD1>CEMN?,0)#`!
M8D`$!D<?0C8[C;B(%4!P)^`^TJ`)>PB@/#4=Q#4#26H`3_H"JL0`#+`#1)`%
M&>`"(D!???5>:(6E"[,-Q7$"'0`%<+4U?!,$8H`$&;"G2!`D'#"AWM(^$2JA
M3%``X/%6&'`$1UD`!Q"B/)`$28`"D%H31'`3Y'$`*<`!,K#_`',0#0IB@*>P
MG(Q`+`LAHP[Q$#5:A*H813$0`ZY(12EYG7Y@(D@4I!?!G8'E$!!!)I%),D/1
M`0S`&$U7G!W@..`28W=`+FYJ"5_B#8"&!.'F:3VBIWN:`5=P!0QU#^QS)/"U
MK`R#1*92`$4P"Y6X'UT@`C<@`A6PKBL0?=O"!#CP+?$C/]%0`$[``9_`2)6"
M!%E@`S)0!2_0!)GE2K`42[34!/(09K\42%P`7V&BG(C@"@MA72'$$''`.W&3
MJL:SJK#2JJ_ZD-LHJ[2Z#;::#4/:"#5P!W9P#R3P!-#:!$N:&Q[@`UYP`]CJ
MCC)@`?9BA_3SL-[*K,WJ)MM3`F(@_P8MD*Y+\`1```"P``#;XP0=P`0-ZR9S
M^;.AM`UST!$D&8\[D`5(6P$Q.`0D,`4SP`4K\#YF15'U-"1.`#]:D`&1"0`M
MT`(RL`,7<%*O]$(Q`3(D.A"8^@4(Q@5_Q7QE&;'J!6C^\1\"$`>XXR5LR40;
MNY"LZJH.6;5\*++34ZL6F9<8J0A4.!%+\!TW0`3Z]2@,X$9?4`(BT`%9P`';
MXUX1)0";:[6]LGF<5TESY[H`$`8"P04P``-<$*]2`*^:^0"=2[N?":>`^`$5
M<*9'`$^CD0!%D`1=(`4B(*\%8$=W%+NKL&1.<%T[``0(90-@P`"9E02P9#H?
MHRA;ADK-`?\@@\L*X?2BADL7T.`!._`?R9J1CPM40".Y'4NY<KFC&(BYP%.R
MV'"RGFL'$_$!$),!]?DH!P`#=,<!`#`%8DL"8FH:"?$E"H:\/'6[)7A)!8`#
MVR(%W;("(>`M.``_;N`&S0K"Y8)$G/=]CJ,9!J#!3!`$95`!*\!0[W-J9D!.
MP+-D,Q`&8?`$)1"/:@(!KO1"'A,3LX19AP@"4>`%!K`'+TP8%VN+XF>X+7I=
M-_"O`+`4R7H'2M"_Q?._KS4T;B'`L>>>`C`B\SNRK*!'N1>+#'P"#IP%)>`G
M,3N9/\D+"#`B1/`$,!`".%`!5,IY+NC%,NP(GV)1[&HVAK6N&%#_`N_#!2\\
M`TKP)2`;R=P!IQ+%`'-4K^]:!.W:MO1$M4C'>;\[!?LD`_%8`7@+Q5$\$YAU
M`01!!#XP!B^,'7?\P?3KLXCA>3Y@`UJP!W-PQFD,=FPL=CCJL7E0"..GA]B<
MS=J\S=S<S=[\S>#,S6%R!W`@!=C\"5]R".&\SMJ<"F"2S0_`#\_I!RYP`9.U
MB/B\B)8A&2>4`@?P!5E@-Q_P"4Q0!=G[@\;+S@J]T`S=T`Z=S4/LP0]@1UR`
M`8(ZKVEK1VV2S@_=T1[]T2`=TMB\>7#`/A7J+>]3!DQ01VU".."<?I6T!"O0
M!3VP!%%PR^WA'F*@R[\YG!V0`5H`!Y"4_ZPB;<:DT#(V<`,./`%+D+(^Q0==
M`18_XT1BQZIB40@5Z=)%O=5<K<YF4`!2H-7HG*Q:W=7N7-:'H!5:H&A5AFF+
M*(UP#0.S(P8=H`7PPP5V9+Q@0M1=W==^S<X1+=$3G='9"P<+L+ULI==_O=B,
MW=C:;`;H5M'N`RY(X@%<D-@_N,ZVFQ`=P;1@>KZP%,6L%#)R79PEL`>&S=%%
M#2:0;09:X`0^``8ET!&[:$%0[18*\&!4[7IN[*IR@-4$J:P0:0:<<&=,0%5+
M<K%1-6>)T`!!+0+MUBC":9\Z(==16@!:\,*0Y";S*\J>U+T1=6JQJP\>?('>
MS1WA#0?1<&0BX/\$FE#>>.A4-=Q(1O("=XN^>KNW,Q$?%U``\R(&7S`''8P*
M*L(--D,W1YN__P$`"G#;N<V*<D`'1D@'O7W5+P/)$)E;L]I4!.Q;S'UC:PUJ
MC9$3TPU3\#;=(R**(P8=FV?>D=P0F,V]&W3>2-,[G,=6,R`%[CTGH0K9M]M(
M.">PCUJP!LO?%]`!2.`"+K`$<=)3D%8=0S(%"^`#L8T=ZQH##AX6.=!Z&0?5
M;9';0/#;FM((<^#89@[.^^`'N:*'GR"%?IT*=#'2=L`RAU<`%*!PO1`//;$U
M^/P"S6M!$B$`3(Y$9U[H?BU[I;*$/+X/AM[HCM[0'R8Y[<KCZXP*,_/_X]$0
M`1<PL*\T2RNU*-B&!%T`MD\072%6U$HV)&%P!Q]E`2Z0`30;`*Z5VS8JG6SQ
MY6N!*8OT`210;2GWZ\`>[,(^[,1>[,9^[,B>[,`^QU(0[/F:<IFB[-(^[`D`
M[<%.`D,P!!=T`W"%$_CX[:M3KJ;,`0Q@`1D0!"[P`J/T??=`=-/^[O`>[_(^
M[_1>[_9^[_B>[_J>[R2``DXPY]%N[Q'!0TT``P+;69M5$SA@$UT0!<!Q`@(1
M%-`>\/I.`B00$7R,`1[P!1R/#!8P!F31%A#.Y6\I36T1X4LK%4RY\BS?\B[_
M\C`?\S(_\S1?\S$_`R'0\J%C\SQ/\PD0\SH0_P:.Q>WV`0]&?_1'/P0@H/'5
M>@5$,`12,04#,`5AH`,]?_58G_5:O_5<W_5>__5@'_9B/_9,&0(<.?83$`9#
MD)6;GEF+LNE)0&8&L&4P.P430/8P_P1/8``>,(@I$`59,#!`\`>K^#,D7_*L
MN`6#0`>,'UMK\?B0'_F2/_F47_F6?_F8G_F1KQ8!<`&13U*:'_J8;P2.#_EA
M#@1`<`)%\`(4L`$4T/H;$/NR'_OP,``@8#8O,@$Q$``!,`0#8`(ZH/@17OJB
M7_S&?_S(G_S*O_S,W_S.__S0W_P7,`71OQ:H'P`#<#)<YE\',``4,`$]T`11
M,`!#$`"H7_V43P=CP/\&-F#G4=`%(`$$$`[A;CGAKS)L4(W^^K__CP\(.0$0
M.7*&<B--.8N%AXZ/D)&2AT:&C8=;6PH*!2XO$1L4H!NDI:4T$10A*T\431>P
M30@F,5N,D[BYNKN\O;Z_P,'"P\3%QL?'0$`00T"7P&1DAXTY"@$#?3"OL+`P
M`P$;(R,4`0$Q"L_(D7QR6#L962]12`9/`2SHBW)\?'_^_P`#"OS'+@<6@U@4
MQ%C(HJ'#AQ`C2IQ(L:+%BQ@=E@M`@\<]AQ`@L"B7L:3$<@E&1KQGKH('`Q%B
MRIPIDP:-%%&Z,!@#(80*%1>:T-BP,<"8,1]-*EW*M*G3IU"C2IU*M6K4>SS_
M:"1=2K)H41,F(B0*"0$&V"9H9VWHP99DPZU58V!9J."$A0IL,DP80#1&(W[]
M!@H67*?@HH2;%BI6;+6QU1@L-O"`>`'"8L<08R2`#/GAQPD6LA@88!,5JI@T
MFD3@D*7$%P9(=HR)$C0**J*8<^O>S;NW[]\E%W<NR2-"0^%3RX'=$.'FF!X&
MPDR9<A2R6ZM'6>C0T3#'D!-/PK.Y<H4(@`$F`J#;-[C]X,*,%FV:3U^A\/OX
M\^O?S[^___L*F1""<+"<\]^!^QF1WQCG3)`!!U\@L$%I*42```+-]9$!%"(4
M<8,+/4Q`P5H];(3@B2BFJ.**++;HXHLPQBCC@?2=_UB<8C7"J)%11Q'A`Q0%
M<)"!%^HY-&,,U2VDPQ,Z>(!$!05,((,,8"QQC3GK!>;>E@"Q8TE\]84IYIAD
MEFGFF6BFN8F`];VBYIME&C'F7#E(>44'(R`PU`857B@A!6*<H`,)0TQ@37I)
MPJGHHHPVZNBCD$8JZ:245@HI#QM86M\Y\XVA`!%4%N$!&S?T@`YBE7*ZR19`
MS)!!!C>(44*L7SR1'@OZ:,GEKG3P<XB7\04K[+#$%FOLL<@FB^P@P2:B[+/(
M&D&L7UL8,"427$B82@K,1="'MQDL$)X]M]:B"7W0IJONNNRVZ^Z[\,8K[[ST
MUAML"";8RT@^C"0D1PI(+/^`P``OE$J&OHMD@L5!0)R0`1L&,'#%#DMX&@`M
MB_!#QZX<_],K.Q]'@O#([EK";'R).$*R/I5\&5\>0/A8@@79-B&.30<,(!,8
M/MA0P@07JW>0+2L7;?312">M=-&0/"N'"D/HHW*\<L1G2#1CK("#$@@P<,,3
M0&Q1M;V9Z/-$!Q9\84`6;$P0PQ!@L6!+'AMW;/=`='P,V-Y\]^TW8+K\+?C@
MA!<.V""/).*KX8P3;L3?>8C=P0T<5,!%91#$`L,!?82R0PLMR+"$-6,<G(/8
MC:>N^NI\/S(X)'O#SKCL?M.NNNV$N\YZX^OL[OOOP!,.-3O!"VX).YN044$%
M(+S_D(4+<BC3.^LY`!:Y+7),X`4#!NR`1*UAI8=.'G7<;?Y`=:2O_OKLM^_^
M^_#'+__\])?OSR!_K"].^7+4[__[?#""/]P'A">(0`P[P``$<!""!H8@)#`8
MP0:&4`(?@,$`"O`4&?I!!_+][X,@#*$(1TC"$IKPA"A,H0I7^+X_0"```UPA
M'_(&F#_0@0P*(,,[&)"%#%1`#K;(VPG_H"4Z`!$(!D`"$GK``#%T0`$LB%OI
MA'B^*EKQBEC,(D`"<(&`T&`$_M"5%@4CP(&P`PA1P``#&LB#)+BQ"SP(`0XN
M,((79.!G0)`#.OCAC[J-\8^`#*0@!TG(0AKRD()Y8=X0__D'/7JJ`EZXPB9.
MEX-%`M*(3\"`%]C0@PB$P`9`B($)6""7#0Z0D:A,I16YJ*LOGA*1910(\BAP
M`1RT$04_R"4*4!!'"*#E"!_8`BESL#Y5&O.8R$RF,I=Y-SE<`(:HI`,6QC`%
M!0SA*/=0@!\!^80AN(0(7WA!"$10`BR4PR]B9*8ZC1F#)G@1C$1D9"P%(@<N
M-C`)/S""$1*@3R.@0`H/9,`12!`#]>RCF.M,J$(7RM"&MD<]JI0#4D89@!+Y
MI0[D&V,_%+"`#""!>P:P0-H\-8:%\4%]1$PG(T^J4H*\IZ7QC&D_Y)"_,&ZI
M'X'14DMQ:E.7!B0')@B(.'IZR/]Y!H0/%.@)#U"PSP0D(`C\_`$*'K@*`$Q3
M`8U$J$.WRM6N>I60Y8-I0'KETR[MB@^':@Y1%-"_])UOF_Z0`QTH(`(&#($M
M#-#+VTJ$A7Z@=)F^*D3U:!I&#LHU!RFM&A$-\8?JS71OE=Q'#?MH1*PV%K&%
MS6E@]E$].L0@I7'M!V8QFU(.(E:,0TVE43V&A100(03XW&<09@M5(_S`)R&(
M0`[.0=BO^O:WP`TNE_C@V,(T,JYF)0A-=9K3X59C).5`!Q;E&D,CSN`(7>"6
M"0S`!C8H@"\&76C_^'`!`A"@!28@GF0-$0,C!*`)8$D`8=E1AR:`[KP7Z%4=
M"L$/TJ[_5PXA82L?!6$$%C3V@1#@@63[80(4S-"(/]B`8_M;#06PPX9-0(%0
MX8G*U?Z###1X+5.=2MO:_B".\#4',87+XA:[^*L`_JP<:.`*$RR8'WLD;F/_
M(%W"6M(]1JS:?'IKQ6W6@0Y/6`&>P'*`+R!A"3H0'Y'5Z243O"$$34@``>@R
M@I%$P"\A"$`+C-"$,P3@RX,-P1LRAP("I'<(-&`!<2.3*;1&P,;\',I)B;@!
M-,"0#TX=P07XP`+CL*"\'+$P`48@AW"P0(\Q2`4_.,(#`N@JM1T6C!XO4($0
MC/BI);9M'"]`CAB(]<6H3K6J#\F'-S1!`6TV01*:`#@Y#($`_QE;\/&6>VJ/
MV5!C6C0R'8;@@A(4``0$ZX((MC"%>TR9RH88`1KR98(6*."IYFT!`0J<@":@
MX<I",&\"-B8'-<]GT2/(]@;*:UX>T$'+!`B!$=Y@WA#\P\HVSH%30^"1()R7
M`!=X@[^#P(=%0\"\0;BVMMU<;?,2@,B8EJ=@^+`$(KPVMJ">;51#0(0+?-FR
MJPZYR$<.R!R\X0))N+("0I`('D`U`CP0`B[9"@M<)L$$3X4`'Y.YS7T,`05%
M0`('#%`!)$1A"Z/L*T,-P=8$?#L!$:C#&]R+!J&\@09OB$`+?A`!(;P7U_L(
M`1KT^886Q`"7`2!`$N9]=@(</`8A:/^!ENM0Z8**4@AOR#L:^`G5(.0`!4)H
MPM5-@`86$(`&0?#E&W)``+]C6UH)>,.&5>GA/^@`!5UX[5)_X-3.VS8)'$]!
M``I!\M*;_O0<XP,:@B`$")2/`"AP^A""T`(("($"9PCS&P@?!/L6)]Y5=.L5
M[3=`0P`!`!SP0@M<<(+OZL`6#67$I"^0`"$8WB-H4$"Z`SZ"K6_@#'_8@*7Y
M$8(SA,3?"A#\&X20A#;S(02-EZ]"]EGNQJ\^`F@803F@^M0QTP'_Y55/0J``
MAZ=F9R`$C,<#?/`#!'`&(_!^!#!YJB483\``7T`$&,!O3*5/494$<<0]TH!Z
M(CB")"@'>#?_=95$`)R7`'GP`RV`?W^P;V_``H77!$*P3V>0`,M$?(U4#4^P
M!!:P`Q/P!$`S!!?%@^MT"`'75PK@=?%&@S&`=8)'`UN'=71@`A'H#VK66!1`
M`#0X&6IG!!$(?T\E!P+"3Q"H$`I@`F;F#YU'6SD0<TT0@31(@!<@!#:Q>`3`
M`W]@!$&P9@MH:0`1<;`D&,HP`1C(0+>D2Q[(<6RP1'!%@I(XB:BF>A!``6^@
M8'OH5'U(`/A'!R-`;PD0`-EG@T:0!`E@;\K$@\1U#F/P!1,P!28P"RR`!7^E
M4/M03XV'BKA6>P%P!@K0A7.X`;0'`6_`!UC('@>W#]6&A4%@!'N'_P(M\'XO
M2``)T`+/^`-ZL(S,^`9_UD\)<'!:%GC3^(LQT`)EMD]"D&XAL(#\I()EQX.$
M6%04>`*LP0`AP6\\L(_[B`,0$`6P80#/1HD$69`P=@:#5FEI%WL)$$`OF']I
MAP;/E'U8&`+E!0$[2'S[M0ES$0!^HF*WF%`%@8S[A`(!D`?/E`-)L%L7P`*6
M`7,"4@<*@)'3-U,O1`,),%4\D%2"H`@0D``_P!$TP`=#$`*',).891-B,0)N
M]`-F!@%Y$(<Q=@%!`%N9`T,4,`(J&8Y-((\<)G$#,0$><`-(\`(P``NXU4`A
MT01?\(AC,)`&&9=RJ5`)(&$Q\`--\`,7P/\#KH=R+/","N!O<Q$$?C&'8_99
MJTA\_;-;2+$!Z7$/*^90L0,XI64_NG)2C-5<-H19^Q56DI4_-61<](1<I?4'
M%W`&!)")*E5#-%48\_5*_S"/AF0$2.@/87!'#$`!G$,;F5,9,/";72`:>327
MQ%F<"B6:,;5>_!`!>]A(5=,/MK!SR21\`Y0'"C`7#5%2?56;QCE<HUD87$0#
M[-%K7"*;Y[-S,/4X82D&!3``$L(<"#`"MD$#"#`#K1$`_N)74<D(Y),W_DD'
MW-F=`CJ@@"0';01R7V5$%<9?!'H^/&@_A<$/;D6>6_)%D7@WTEE3`$%6<O`#
M'Q,0`7`#+S"+I.#_GGQ2HDZ@%T@1`SYV"``:$$=&G0TZHS1:1:?%8H!QH37:
M'CQ%5!+J:UU2!^S!,8D01CK*)>2V9S`U:`)!!P$@!@LP!*.P`7S!+:%0`AY@
M*[30/S9D1$:F53L:IF+J'@$ZIB/'4THJ4\EU11,R1JSX#SRX7%TB40\R`Z5@
M(7R2`BEP`2)`!!.0'J8F?'`%IAIJIH:ZHX"S9X<Z<G"7`&"T,74SI&455X(&
M`>FU*_I0J.:3`S]):W\@2H35:-S0!(BI7`"`!!:P`%/*%VL1`DA0`@!04`(F
MHP`1DGVTJ+C:H,2%4Q2:JUU%7M;(@$:`!<E)3#M7&!'*!Z0(5>:E8UX"_Y0$
M2`&\]@]PR256%@322``!$(HX50=G('=.M0'T-`%(<`0=``*E,`!\$04B4"OG
MA%C%U#YE=61'ZJOV>J_XBDP*\`8KV6@$L`%-B9-!D`0L("=YR0=)L`$S%`!7
M)P==1W<PA`('!WM"$)1/]0,LL#&]>E1^6#T!T'NA6%H.Z)HQ1:U/8``^T`$C
M4J)\<0$6<`(3P%<\Q3YYXPB\JC[UFJ\ZN[,\&VRD&`"B-1+G!0'8:(SE1Y4(
MZ&K]0(I\9VF+)@<J6&_LYX<')RT9VC$QH*W6$`&DRJUME8.BIDT!(0=/4``W
M8`-1D*X#0`%18`'U8`YDT%,XVS`<P``[0#$'Y?]6.=NS?-NW?CL8R%AX1+1;
MXH<K62<'V2J&Y@>,[,"T2<!Z:1=4\0:85S9U/*!MB%FM#X5K`40`:)`$$?`&
M7/H'.;A+/(`%DMI(U0(&-H`!:DL!+P`&.R`'N.)7$)H^2%8!H2,#-U`"0)`_
M>ONWPCN\Q!L0+#"R>D0`<Y@_NU<'+I@$XG9>RW6\-(!5:[9H?W!E4!4#E=MY
M*&!J&QM/?+`%+1`"U7..*."U)^6`_D!:``%$6G`$-L``:FL`!@`%4)!CP!M#
M0EH!/M`S1R`#7Y!'*+6WQ7O`"'RH<J!E0C%;XD=$;_`#-!!O7==[0L`#U?,'
MQ\L#30`!TZ:"=Q@"LT7_@R(LP5`5F>>C9A=``S\@<]*&%EUV!CP@#B,`OG/J
M(#<`!0N@KB>P`#M@`SYP!`/`4HLU5@,`"T40`A,`!`:<P$[\Q&&*5G=Y7INA
M`#^0/U0Y9KO5;5@0!$,LI(&I<3I7:;,E:$%@`OY$C-B87DTL&'^'C4"I%;35
M;1D7!$-Y5'P`!!_``7<Q`QS@`3(0P!8`JRP59&-+7&.S":D+Q8S<R(C*61>S
M!3C&/Q=S6@+&H@O&$)\ED]%5"*96#7P0`QL0`\AIHQ<C8*',$'+`&0OQF021
M`T`P!&!@`4?P!4?@`S<P)5<@P!N3/HP%$-504-"%3HY<S,9,H&)42>AY"#(%
M_Y>B=0DYNEFMB45&-%D3%EA'U269$`.S<@,^T`+_ZP4R4`)0D`%RA;-C"T5#
M@!N8?,SN_,YRZ:S$PT=R6E9\-%D[ID?)Z0]L5:9W,UB3I3>\2E3*14IC8`'_
M*P-!S`$^8`$8X`(30*P$W5@*P1*U:$3PG-$:/8)7RS%E&KY6)%8]6K+ONP7F
M@++_&\1@X`5.,`,KX`$G(%=TX+YQ56'KL=$XG=,Z747.D)WW*[\><`1$,`-<
M4P%U!0"_#*->`M([W=1.[<Y,9Q0_Z`$B4+<4X)X#,`-0(`-`\@1/_=5@'=9-
MR@XLP!9```(>X`%=T`4@0`$SX`10<`3@O`1B7==VO8[31\8'TV0"HPP`.U!!
M8,`&/N`"':`V`1"W=YW8BGW,]J-'%X,;3Q`%62`"/P``3\!;B+W8FKW93TQ<
MUC`A-$`+#4$+8*%B3,W9J)W:"OS97!L31#$A:Y7!JCW;M+VSK7@QS7$:@)HQ
IM=W;OIVK4EQ0RW$/Y\"@OWW<R!W%\C%)BYS<SOW<`MHWT#W=!!D(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>40
<FILENAME>o68633o6856304.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856304.gif
M1TE&.#EA?0$;`>8``')L:/W]_<G&P6QG8\&]N?KZ^.OIY$M&1=[<V6);5Z*=
MF./AW=G6T5Q64^[LZ;.MI=72TI:1C8:!?-;2S*JFH_CX]E)-2M#.RL3"PLS(
MQ*VHHN'>V(-\=WAP:[VYM-W:UK&MJCPV-$$[.<3`O,[+R6=A7O;U])*+A)J5
MD;2PK(>%AM/.Q^CFX^;DX$A!/O7T\GMU<?#N[-K4SBTG);FVLJJDG%=13C(L
M*A41$HJ%@9*.BIV8D\G$ON#<UJ2@F_3S\??V]?+P[O+Q[XV(A>SJZ*VGG[FT
MKJZJJ;Z[N']Z>*ZII=?0R;:RL-K8UGUX=/'P[N'>W$])1J:CH;BRJHZ*B#<P
M+M+0SO+Q[?/R[^3BW^OJYOS\^Y:2D._MZUE,1?O[^KJQK.KIY[VUKM[;U=?4
MSO#P[)^:E^/AWR`;&ZJAF.?EX[*HGZNHI79R;R<B(:BBGIB-A.GGY%%&/_/Q
M[EI/2*VDG+FOIJNGH^WHX[ZRJ-O8T]//R^/?VJBBFMS9TO___R'Y!```````
M+`````!]`1L!``?_@'^"@X2%AH>(B8J+C(V&5A=_)A=D?T(768I$5D*#%60+
MB4\"%8POG82;J(1D"%]`0@&.L[2*7S%?%5:9M;V^O\#!PL/$Q<:",%4!%U4-
M%4@N4HHI-B2#:B5#B1DS+(QF'(5,#9&%)1P_1TXFQ\9Z)6<L#2CM]?;W^/GZ
MP"`X>OU5U$BH<B$`@B,TU$@2T`0)!1$"#!XQ$B4)(0<T4C3Y@P%'EBTM0#!Q
M\"=`AB,C8A"Q405!'`%91I"(L.$+F2-(B/S9H23+@!L"6OT!0D+GH`P@D'2J
M0.((`79$!"!@DD$0!)$ZLUBI\&77BPL+:!`(@X')DS\0FF``$>:'#S12_PQ$
M0"()"8BJ?Q!800#"RKZ_@`,+'BRHB9L45&R@@9#`0H$,-W#@J(*%`9H;(1X*
ML#(#AQLT%@4]J8(&1P@>'1<0Z(RC`10*I=$DN",9A@(T(0X<.9"!AAL<:%P$
ML-'!AV0+,&Q4N.#&6LD[L6U@D?`;38D`2M!4`<[#LF07:JBX:"'$!14((6Z4
M)HUCP!\;GW%$82(">`;S+Q+$1A&@@YOM:.A!V(`$%FB@*2)(D(`$-Z1P0PY_
MB!`%%AF$D`09..3`@F8_83&"&Z']X8,;'F0@0@D=95%""`P0@(,$40!000I#
MM`"`"'](@<,=!F@60@(%"`"`$`<,((0*(@BAA/\(&*!PPQ:BB0"#$#QPL`$:
M.1303P8Z-D&&A1+,`,(>;4"!9!9"B*`"!#=048`(#6#!`0Y_'!`"$$W@H(``
MBV6AIHLC")'##2T,$(*7;E!PX**,-@I8`#!8X,(1`'2``PU_X*##'UV48`&&
M!/RAF0ON07%`B"J@T4`"4<"06A0W))"`"TY44<,?KVQQHZ@X%"`J1#A$\,<6
M+P10Y)%)&A"%>-H(TL(-TFQA`@,XT`7%#$=0@,,665B0!`EV5E'"`F>FN>8-
M&OQA`0`[T5FD(&X,P2<$?JI@!@ZE$+#8``<$D,4-BCHJ\,`$!\,#&B*0,>*A
M?XC[`P,'`(`A!K\*T(#_"#\(,$.(7,PPPA@:C)!B`RZ,X8<91HC`@0DT#*'&
MC4#H*(AF;G1@0@8`Q'"L"B%XD\0!:)3S1Q@AJ"`$"4E0:X8)^A(@<[=),('"
M&W.RP?,$"%1Q;KKK_H&"NQ:8L`$.9O`IP`)JIH`#&4*@,`,4_/[Q;\`%UVWW
MW8:@<<#-.+3!3C\6A.#&!Q-7/`(:%H@`VB`+N!&"!3<<D1H(:$3A0@A6<*&J
M&R5\D42&.]!9L0*MW7!`G49RT=H?2.`@`A:$2"!?K"8,X$8#N)F@K=S>AGZ`
M!6@0`(+C+N"PM;KLAEXG&C;,4`4$%^!P`PEJ$G'`#5'T74#<<^/M_?<$TS""
M_R5*,"!(`56>X%<0/L3QQP9&:/$%`1RD0(/0?WR@@P0\?!&'#R98C@2&`(4`
M`$$)2=!`&(:F!`'HP0>"@)\6*N`!)RA`(1X00`&>H`$:!*`)(FC6(`J@`0DH
M(`9_>((ZS+#`#4#P!4BX0`&8(`'^Y8(&3AA!"JP0@Q3P@74"^,,#ZU0"%$@`
M`0$H`!)\X``C^"4.$>"`!H#P!P%XX`\O>,`&P,?%+GIQ8!@`GOL(]*XOFO&,
M:,3;!7(`P0+Q)(UPC*,<YTC'.MKQCGC,HQ[WF,<`"(`'SM)!!T80@"V0H0,=
M$,`7`C""#DC@`X0PB!,Z0()%-O*1?YC1`"+@#1*@X/^3>.&C*$=Y1P9$8&-_
M8($-;E`"--!``&ZP0`)PT)?6Y,8;A0F!"UIY!"O8\@`L"-T`JA""/Y3@!C:P
M`1M(R<QFPM$'BK$(#41`@1@T``#:VD,+T!`!*H1@`2D[PB`(4`4]/$$$`/`F
M.$5PA!IB00>].@`',D"&%SCSGOCD(M3^`((0'`$+C1F!"&Q0@AEX``#]XH,(
MJ``$(%2`""0(P`9FX`2$!D"A5!"$&:)@`RU4P051<(TL\DG2D@ILGPLXP`PL
M@`,+4,`-";`=!;BGIA)D@R0C,%T&:*H"0?S$!5EH0`?,@$[8F?2H2!W0/K<P
M@1,,H4@<F$$%`N`"`"3!!2;_((,(=A"%*#A!#=EI0!@*<-6L;A4%*P@`$W#`
M`"BP0P$6X$52YTI7?*#4!MAT@P)TQ(7LY(!R9NB`"(0&RQM$8`<C`*Q@+R""
M*GB@E62X00?NX((DL*.NF,TL,<+0!C/@R@<'(%4,U``#$53U`T(H@0M<$`%?
M"2(%+OB=!;B0VM6V=@0'.$`4N/`%'ZSV`%#0K'"'VXLM.``5W)H`%?]0@`E,
MP+5`P)IK!?$#%EB7!6>)+@)<&P<2R!4!>U@@<<=+WO*:][SH3:]ZU\O>]KKW
MO?"-KWSG2]_ZVO>^^,UO+3)`@/X2(`,90.'\SH*%"Q18OPBN*P5TT(`&Z$`*
M;0"!_Q!GP(0J)H`!"4BPAN>J@F:!0`(%H`!R<@0`"%B``&_8PX97G,\.GR\!
M'P``$D)0``E0``(SX$`.<,3B'C/3Q8)(P!&4<P`RZ0$]7SA#%'S,9%$"^0]M
M&$"&43``)VS!Q+QKLI;S^&0?W&!34$!#1K'<K2V;N8X*:.,?F@"`(/XA"N-#
M0`?^$`=VG?G.>,ZSGO?,YS[[^<^`#K2@!TWH0AOZT(A.M*(7S>A&._J]02#"
M',[G`"),-Y-$(((L`A"$,!3K?,MM9A?Z2\6'[6$/1A&$&HP@(%R-@`=!$,0$
MD"#71X//#R[XJ!_^(($05`$.1OU#!ZI0A3IL`1I5H,,9!/\!AG`T,P#7E#(0
MQ@$``(Q/$!]P00X28(0OP*`$`!A```A@`QA$(=6V]EX)G*"'-@``"]C2PPSP
M(E`D,.`&#!!!#OQ0*3S`8`89;B8+2M"6&ZA!!Q%H`19&^H<<2&,<V09"&"Y\
M@(+L0(1_X('&-\Z#4*2;44?8`X8E(`,XQ``(,W`S!YPPU1!@H`.N.`$=?D``
M*3L3"`L00`X:``08-*`$,!]$`ZQA!0L(H`3#DL`.JE"*$=B`$#4(@]2G;L^/
M,RH#"9A!$;[P`SUPH`0M$(2)=M`'-&`@"/\3P;4C$'!F%C(%`[``"W`2AQS,
M61`6@`!:+(`!=@5`!2>X@2QXL.3_0:3+Z@,K@`?PH(<==Z$/<AC`&(<%!SHD
M(`0"6$$"Y$``*/V![<XD`Q-DD0`,]("*%WBZ($H01`%4X^E`:(,'0M`%?MI9
M$(='O*.PX((';,$.(I#!#<0@")!40`8)R,(";H``.4"($*!O9@LLP`,2N*`)
M"=A!#V"``B!DX(`#T`,,)!`&%_``!%&H0`FXD(&A$R+WNF^4`CY:[!TX3@0B
M.*@'*A`"$80`#EOP'_CG'CM!@,WD`S`@>UM@!1S0!CKP!&5`!2U@`EP``%Q`
M$E;0!DX0*D+@!##@6>\7?P.S!&(P!IRR!"BX!`YP`C+`*02P`H*0@DO`"UT0
M=L[T!5V`_T+4I06^`@0T4`H%,$&#$`-/,%(_T`67]@?P)X)V4P']HUX%<%F^
ML(1,6(6T0(56F(6+@(5:V(6&P(5>&(9**(;VL`4_@`5HF(9JN(9LV(9N^(9J
MF(3"!89D"`P58#)^D(=ZN(=\V(=^^(>`J(?!1EQT6(>^<(>!F(B*N(B"6%Z%
M:(BU@(B,.(F4V(CD]8B0.`N26(F<J(B#.%R8F(F-L(F=6(I^^(ES*(K$0(JF
MV(IYB(J:%8JJJ`BLZ(JF"(N9)8NSB`BU:(N=B(N8I8N[:`B]Z(N5"(QU)8S#
M2`C%:(R3B(QTI8S+*`C-Z(R+"(US)8W36(W6F(C8F%3:N(S<V/^-@/B-7<0#
M2<`!>Q``/T`!$58*Y\,$;2`%"X<`-10)%1`!3@`"##>&T]@+XTB.IUA'%6`!
M$:``4?`$"@``1U`"="$(%G,$;<`%/]``7,`%"5`!*-`&;Y``*C8(->``(CF2
M4OB/O(B'`DF)WQ@`+-F2+LF2CL("$I"#52`/5X0$MP<#%48`%L``PO$$`R``
M+@!)$$8(9@!@2)D!-FB2)YF2Q\@((-$"4CF55!EJC4(!43``6Y!W>S<(7&EB
M?2<(@'<#$'DZAL>4M!"03FF)BE``WN@H3T`$9P`-)N875M``@V`#=LEW[K$%
M2G<#ON)T(8B6CJ"6:^D'V.B6@6B.?S'_$UR1`!;C04?``0$P53"0`FJ5`!#@
M`@40!B4P`2Z@!U^P`\^'>X19F"AYF&^Y"(I9CH*`!0X@"UN`2X[P`A^0`0@`
MCW%P!KQY!KY2``B0`5!`1170FYK&7"XP!(D1!E*0``H@`@S@``K@`!=P``K0
M`$=@`B4@`4Z`=#Y0`E1P`*O@CZ>Y"(:YEHFYFE<%2?\R"T#I`C9P`&T`)2&@
M2ZL%`5BP`_"Y4!6``6ZP6E'@`;(`!2E@!%T0`%]P`36`1"'6`A]4`U;P!7_P
M`T;@`;47`#R0`@A0".$XC.?IE.FYF(*0!&@@`=Q"EA6@!R-0>P^U`$A0A.=#
M!4FP<(7B619`_P(FD*-;X`,)$`L.,`!,@`$#8`(_D#7!I0A`X!>_T*&[^*$I
M&:*N^0=)H`,)0`/M204+X@((X)].(`$-@$L(8`&AM@<N``0'0`,;D*9_```2
M)@AQP`)A*0A.L$R*`)-+6IZ,X*0"":5_:%1)0`%W8`,(P'P#T`0U9@88$`)"
M4`!1X#1!:@&$H%!8(`()4&WL,@"`1`AQZC4@>`],.HMZ2HY\.I!22@%$D`TI
M)VZBH@)AA'='D`"#9`'PB*&.P96#$&&"$``@X`%Q&@!M@"GX\*FJ&*K=.*I]
MZ*>*@@"EL0`EP`!?``!LT*KJHG>9E`-#4`J>66&VJE$9^0=04`(9$/^672$"
M"A&L>&J>J:F:4=J6JRD!XO0'0X`#`1`!/W(`+X`!JM<`U/H'6+`B")4$LB`"
M-T!L53`!#L`!(F`H%+`%_DFP/-"/]2"LHDBLUHB-7T"5&"N5RX4%RU4`!C`L
M"S`!0%A[G')I6X``%Z`%@Z`%<="R<>!:*'L6S-6R!F"5GGJNM)BNZDJJ=;H%
M/ONS0+L%$)M'$IN)%.N,C&E210N)1VN,25M22VN(3>N+3TM245N'4VN+V'@S
M2=FU&8!N>G2U9)BUKHB-9=`':)NV:ML'&RI*8BN&9-N*9KNV=-NVN5H`0UL(
M6[!(7?2V81BWM\@(9TNW:FNW3:``)A0*3\#_!%+0N"F@$PN``FS$#E;0N!1@
M!7G+*'Y[7P&`!3'@>170!?!(C3EJ`D#`DC^`"X/P!1)Z#(!;BG-+N&G;MF,@
M`A%``CE0!1NPF370NX_;!"Y``1@P!$GP`RK0`36``E&P*06SN?;UG"%0`I_`
M$E[0@H+0`:OE`G0`!7V0:P"@LG]P!VG0#J_[BX(KN[/+7`TP>B6A`$Y``I!*
M"`.0`H/@!`B@`H=G!2Y0-\Y+7S)@`2A@(B```YKI8(/0!!<@`!V0`#]@6!,@
M`@_@!QV08^2KLSO+A[&+OAL:!U4@A7-@`QZP4%1`!7?0,';[!`6`OX+@`"5@
M@@33O_-5)3]0`!:P_P,[(`99D`#"0@@7X`(]\`<)T`-?L"!\4`0-X&S&4+Z<
MF,&RNZ'_XGE#`<*L%0$1($XWX'%#4P$J_`<Q,`!;%`P_,)Z(X`#3]0,_X`FQ
MP*&'-@<Z<`,F.`:104B$T`$B%`,[<`,;\0<J@,3%H,1/N0B#J\&2X`)*RD_?
M$K]"YV9410);O)G"H`.^EB4"<`#$I@2#D%HWT``+$``>0$R>%0-14`4#T+JF
M66@CH+WF(VD(H)]V2P`-L&L9)P=R4$!BR<>K:,$7S):)$,A-+`@@,'1=4"$,
M``%1``7&K`8%8`0',`9Q4`-.8+PH``434`(AX@L_X`(D\`-1<`$HH`,M*_^%
M[EL`9C``+"`"4-`$%F``):`$3P`#=+,32!#/\FRW>R8#=*``@Y``]+`$(@!)
M@I`#!E@%.W!I>US!N;RNNXR^:&NW--`&'>`$D<`".=`&%)T#4*!X`P``.4!%
M'D#1,,`&-EL+#J`$)D##2),-9A!LK/<'&7"C>%D!3J`!M/<'3-!V?_`&F9;3
M1%"2>B;3<N`%7B`&OD4R&O`!>`G$^/P^,_#37E`'@A`!<&#0!\VSB?`#4W#5
M6)W54R!7G4L$RV5`I0L$GA<#2'@^.7JZPQ``+1`!#1`#.<`!()``G?J5?&=G
M8UF6@SEH"R`&8-#7"T!S/G!%77!W/$`27-S7?>W_PGKPPZZ+RP>-C<8UDI(]
MDJ/+*(\E`85P`87W!^3P!Q=@=$CW!1PP?_ERU*7L:"R0!P7BQRI91]=,`%CP
M`EL`F5H"`P%0+">``A7@`P,`!2'P!`A@`PYP`"/P`S:6USA+C(Z=RU5[-X0W
M`-#=!!1@`[*$`%H@`2P0!Y[2K%L`5P;Y!PQ@`1;0.<B=W,RXW!?<W';S`L9L
MS$``G!<0![=-`448!A>@!K)0`!#``)>%`!``MC!LA:S]C,P$!/1<"P%>7DE4
M`0S>X`[^X!`>X1(^X0Z>N3D[U50-BGE6`1N`X7UX!0")WCNKWO>4X.3%X1[.
MAR`>B2*NKB3N3"8^7BB>_^)ZN.)IV>*J^>+-%./$->,T[@<VKHDX?I@ZSDP\
M/EP^3N-!CIH__HJ.N.$=WN1+/HI#CIY/CF=)GN)3GJ=5#J)7?F=9[N%;CJY-
MCIA??F9ACN%C?N%-7N2D=.3"E>93O>:),.",Z.:C!.>:)><'3>=-V>9G;F9\
MGLM^?@AV?HV!OF6#?L&%KMQECN=N"^5EWNB%<.B>F.A:MN@[2^GG_>B8WF2:
MKJZ<[@E=_J2?SF2AKIJC3HVEOJ=VQ`)(0`,.:A,IP`!0?+(IL`<2^@+]Y3Y;
MT!NM=I98'N4_ONJ9U.JB:D<E,``<(-P$L)T)D,=Y80,2,``>4&.(-&<C<,0)
M(/]>IXWFQ*[D(>[I=+02!60#&5`"RT0!2#P$GO7+".`"0B`/X<T#!:`#&34(
M.^`!_-[O![YBJ7Z8QF[IJSE'#W,+A!P%1*=ZG$UTH%T2$H`"3/<'(X#(Y`GN
MDS[N@%Y'+-,``_V5#`_R<7K75;39%R_HX:[E&O_CD,XH`9`$'8`7?,<1!H@B
M'&$#%]``["A[(1`&NGI[)Z_H*2_F*T_C+;\H&^`"/C`"*2$!'&`%)<`$)B``
M)@`"`V`%29`#UF,78@H`$<`#"1!*03]*>M"V6)`"4B#V!@`":3\(1&"]""`%
M%%"NKCOT:E[T*7[T!S(!CE1#4"#1`'`"+]`%.:!P0P#_`$/@\SQ0*9BB!3``
M`,PK[,ST!1]`!_3P!S#@`E[@`C`HIY1Z`RQ0`"V0`.'P`3]-!R5`]WUL]W..
M]QZN]W;#,I5]A<Z4!7+`39Q2!9F``J$B"`V@`";0>T8]`W-6`SR6?^3+^GWN
M^A@.^W7S"L"@YP02`%W0`,("!C/@!2+0`8:-^<GF!D'P!5=0*2(2`A40!"&P
MPTFL_(3._%/M_'<D_06BPW]0!&ZP!CP@!Y>/!^`&""@A1G]_'1U_"'0E-FX[
MA9"1DI.4A14;?IF:FYR=GI^@FU>5I'\58Z&IJJN:6*6OL+&RL[2UA1JVN;J[
ML0D1?QXN)G\E0X5@#0X!`,:&_XAQ:44>(@2\E)>LV=JBMJ?;WZRNUN/DY:^X
MYNGJD[Y_<S=I=BYO"&DR47![+@J%AW\D-PCL\+)!'39P"$&-JN4MH4-.XM9)
MG#@+'<6+O'9X*#3!AA=^%[S\$=/`18<*A=:L^?-#@9P&,M8=?$AS(:V&-!]&
MQ,B3I\6>0&V9>!'@CY4TEH)LJ10$I4Q,.1_:G(4S*L*=0;.:^ZFU:ZP"!;Q"
MFFD5W%195<MNPRJV+2VN;N/*M015[;>SL=+:#3>W[SF_@-N2W<L*+RR]A%.Q
M#>P7+N/'%`<G3F7X%>+)GQ9#CNMX\ZP7/T*+'DVZM.G3J$<[O5D7,^5NJ%RK
MTNQ9;/_GVK!:R_YDH)ONW9TJE[H,/!-MW%IO(R?UN[BFW@R;._<CG!3QXL>7
M`U6N?9)TY]!93_=4O=)UX-F[8^2N'M+WXN&IO@=>_EKL\9O2MY_(?O_\W?&A
M]9]L]4URWF[Z[;=.?^T-Z%J`>3F(68&2'"A;@@JFPZ!Z$DX&X6$=)D9A)!:Z
MAJ%V1(Q0B!H/%%'$!Y!\08`$*0#QAP$1H,#`'P74<`(!14&R87<A$O:A947N
M->)8]^%G7(:5[-&&!8504`(**)`!208N&#%`!";8<$($47P1P0!O1*&ED%`R
MY^0F1PZ7I%U+6M*DDR<BQP,'5/ZA@A-2D/`%)`!LA($-5MC_\`46A8J010!'
M`!#)#CQ4:ND";?XQIUIQ6K=I676:<B=^>2*'09\P)."$#4A`@N@?$%B`P0"%
MJ'#"#4L)<$`D0VKWJ56=FO=K5*&6B%FIN)U:2!;#'.JJ%4;9,.L?`:B`P@U%
M*<MFIMZ]^9QOWF92[*CC(5N;MAJH\0<&"03P10`P,/$'#0TPX,(61)0P@0@?
M;+%##KQRVVVXP5XS;$[CANN'N9YIVT8#5!Q``!%<$&'%`1+84.,`'0Q0PA\4
MV.#$`5T$+'`D!]-4L($I2P6;P@QOY@`)A3C@`049%`#$#D1\04(-&:#4Q1$I
M9,$C#4=<($FOR[7LT,H5.IU0PN'&_ZP>$"0LE0O3R$F-$-0D>FW6RU6?O)[9
M[BD,]EABWT6VMU:C70K7N+6]S=IT*4PUW'+SU[?=VN!M"N#9[/UFW'U30G=M
MA+,BN&3C&8YGX@O^K3:XX4I.*N7J+.Y9XZL\#KHJFI?+N8:6$XRYMZ5/A_CI
MMZ3NK>AZOWTX[.5XOMGHJ=">N2TO9&#I\,07;_SQR!M/!.[DZ`X9[Z'XSKHM
M7131Q_789Z_]]MQW[WWV"#`_CO./00^*]&^&6OWW[+?O/O;AB\\+^8R9S]OJ
MZ5-O_?O\]P^__/.3W9O0YR3U[<]_"&Q?_`"X-0$ZB8#X,6`")_B]!3*P%O0+
MC/T\`<'(Z?^/@B#<G@4O6!$'XJ>#TY%@"%?8AQ&2,!89!,P&._&X'C#@ACC,
MH0YWR,,>^C"'0?@@"T/HPA?^16XSY(3@GD"`*3CQB5",HA2G2,4J0I$/0APB
M!8O8I@L`+!&I<L+R"M&%5,&``9!*0`G,\(<%E"`!,%C-'V+HER3"B7H/T"((
M]9!%/2*0BQFZ@PWZQ`$)9,$);"R$$@:0!2JT@0@B$,`(+.```.R@"0!(021\
MT(-.>K)D;;+CMVK1A3SZ,8%\).4!3]D_0"HH"Q3HDP4R\(<,)``2):!E!J)`
M@@:8P@D:"($#YG5+2"B@$\,,Y>5(:4I6]B^5M%B?,ULI-VU9``+_L.K3'ZZ9
M30Q(RD^W*H2N3(8V469"<*6<YC/[J$[VN5)!VN+E/XKYAP;0C`06$,#'OI"$
M&E3!1DB@YQQ-.!YT-K.=[(/F+*2)4'=6LT\#4,`7)(""`JBA`!'0P1=V```H
MB(`(#+`!"VS@@2?`0`GD-)L,5L#2EKKTI3"-J4QGZE*C,;.A[5.H+!B*T^Z]
M<S\"\.4?1I"``5@@"T0X@0$08(,!)$``!:!"`A(@@779H`0-L-&VT":&!WCU
MJV`-JUC'2M:R@G4%>.SI]W0:"YZJ57L_;9,)_%"(`H`@F7X81B$,$!XAM&!0
M*3W90=^:/0&DE;#;8RLLW(K8%HJO`F'8_P4=^S+8QAKVIHW-GF)?P5C$QM6(
M6S5;91%[V6B.EK";+45G"?M9T`Y4;J=]:VD7&ENUII84JWUK:T$[V5ALX05:
MDTAM>SK;G0X7I[>M1&[5NELCZJX""HAN-?Y@`B1$5P%W+<048O`'(?A@``\(
MBW`S6]C#DK</R:7$<GO:W!?J+@]1.$$.Q%`((-A!OG2@0PQZT($;8%,0!(@"
M"B9RW(86MZT%1FAZ)[%>G+:7A+KC0`G@8`<Y_J$%+JC&`ZZ%S1G0<@=R(/!Y
MKW?@Q2:XG0N61(,;^N`+ZJX$<@"`"Q)9B"W`(`<O@(1__X`&:!&@"B(><8DY
M>V)UIC@2*T9HB_\9J#L20"$`#Q`F)#XP`TSI&)MHP.:/@WS>(:NVR-,\,B22
MW,XE`]!S)HA`#T8B@B`6H@@ACL2.9U`-"7QLO$(V+WG%3,959M;,\O/<%@8@
MAPZ(X`1_2$!!Y$`#250A)CL(00=<8`<ND]?+N`6S,_G\!S*K$]#B>ZX/4(".
M!C3A#P^(;"3`$$0@@``%*K)T9C&M7$VSDM.>GB:HF4='#>C5+;8^):W5&VP_
MXMK/C=TU[GHKEV+K<=@,=K86CSUBQ[H6AGV3]A"AK6)MLY#:(U8V[)@=%V^O
MD-M(-G<(P7U><9_N-A6(M[SG3>]ZV_O>^*;WNVRA;A"B>\S]IB"[R>O_;L[=
M9@&>3+C"%\[PACN<X40($BT"/L%_DY'BJ&1GLCE7`2A\X`-/@$0`6.`!!"RE
M`AG(0!`#P(`1M&!I;B*8Q&>!<01:O-,U]]_`_\PY)D3!!B2%!`)$P`@F\-,&
M#9"4KA)@@3'&KA+F](,!9BZ+G/?OYND<\<XW3CDJZ&`##@#L'W*@@`"DH`%#
M_P$+$D"&`^1,!U\L!`JDF,JH3YW?U<:ZU?FW=<]RS@D6Z-@"[?F'"T1!GW_8
M@@1V\,^A:O.UE-##!"9/^<I;_O*8S[SF*]\"JL=B[^_3>[7[SEK.@<`#"QA"
M&R#!S5AYLU;A_,,X0RL)(VC@]KC/O>YWS_O>__L^]R00[\3SKN?,DEZWG%.#
MC2Y@`UQBP*J]#(`)VN"!$$0\!=]\.B5`[SZHXCW/F#WO\9G+.0N@@`]M0($)
M,F""1?:@#3F`I`"8<(`*?(D$-J`9[2/!_?9YOQ;]QSZBIW4:YW>4<P$#(`)#
MT`4QD`-J8`(Z(`(YT`4!@$\-4`U/,`!1P`4S=QL!^#W_-WS@9UJC5X"EQSPO
M0`-:90L>F'?"1W/$%WY[9H+(QSQ;P#`M*&0O6'4Q2(($J$K55G"4DX-=MH.?
MUX.T58)`&&[7AFV5\('>$X(P.())^(/1A&P&V(1S0PI0V#U2R(-4:%Q*>(5!
MJ(5'M'TN^'U=5GR--?]^[&6&6_B$:0B`2"B&5KA06'B"<*@X7#B'(KB&,FA\
M-$A^>\B'<JB#:GAI;(A8;NA@A6B(:(B(=!B&"#:&>%B&CPASAUB$B3AKBXA:
M@_B&F1A8_.>'4PB(/BA^H>B(H[A_D-"%W/.%1TB))F:).Y6'-=B*D#<)L+@]
ML@@+O:@]`ZB*2]ANNJA]O&B*8(B*54B,9,B$QTB$EV:$P%B'E7B'MXB)NBB-
MLT:-KQ",Y16(;;B*+':,NR@)X(@]O_B-UEB+V-A6N$B(V]B'DOB'BBB.C$B.
M2@:'/S`$'/`&FAB)G#B)S&B'SGB)T-B$`;`#`R`%":`T0B($$CF1$_D`-7#_
MD1B9D1JYD1S9D1Z9D2/0!10YDB19D1]YDBB9DA@Y`B79DA.9!1:IDC(YDQ@Y
M`2[IDEF@`32YDRK)`"WY`\$E/D_@*""3?7_``T:0E$JIE"NP>4[YE%!)>0)`
M`TM9E5;)E%&9E5I9>0)PE5ZIE![0E%LYEE`Y`E_YE1ZP!V2YEIMGEE=)`$+`
M0%F`+4<9!>9XEWC9%7,I3H^7EW[YE^KP`R[``%^``E0`F(B9F.2``I9D`>JB
MF)`9F;1@!#NP(Y)YF9C9%4+P"W_@`#!P`P`P3$A@`2+P`)VF`U4``"O8%BQW
M`#>``EU0`1U0!1-XE"XP2W_``@-0!1(P!W*Q!4H0_P(N@`LOD``AD`-+L0,B
MX`(>$``(``!58`9BUQ;`*9RX\`'&^08!T`4Z<`,)``5_0``#,)ZGEIGC(``)
M@`:%X`1)D`52(`%=4`),0`)5T`4*D``L(`$1,)U>$08-0`-9T`!28`8PT`)?
MT@4BD`'BV0(YH`-9```#%A=-$`(0P`,'$`26]`$#P`0;X`("``$AD`4EP`4!
M&FMN,:$5>@`_T`8[``4N0`(ADP4$B@5)0`.3]P/F.0XMH`0B4`A!AP`A\`0`
MH``T<``O``,@\`=JD`!.)Q8M,`1%T09V%C[81P`-$`!;```T$`%)<`$`P`9R
MT00#%@<-,`$AT!LI4`(DP/\&6U``(M`$%K`C;!!W;2&F?T"F&3``O4$%*,`#
M!!`'*)`#+#"B$B`H.3H.68`J$D`&*(`&!2`!+F`#"6!_EW54<X$%'F`#(-`G
M`C``%)`$A9`$%#`"55`"A]<7+1`!#0`%-R!.NQ(`J9H`6&"IKS<7J=H`/$`K
M<Z0"A9``-W`$"Y``0Z`#44!+A\H+B;I73A`%"3@K#@`$)#4`*E(!(B47+```
MJ]H"-H`2(P``(/!-2'H`//`']RD7%=@`2>``+7`#83$"S4<#)<`!81$%X(D$
M,&"NO92N)#``8>$#.A`',1``%W``"Y0$.G"LR-HG1%I=',`$)_$%\BD!.A``
M4Y#_!!;6%0XP`#4P!Q7P`TY@!`%`!8OJ`FHW``Q0!600`$P@5&[A41?P`A5@
M`@<0?'RJ!@<@`"90`0$0!1BP!4Z0I''ALC`;`P,0?`W@`5X7`#\0!4P@KX/F
M`PB["\GZ!TS@`@E@`P@0`U/2`#8@!,R7`"(`GG&1`6X0!6;+!A/*=!"P!1U@
M`R[P"SYP`$PG+W%Q!S-@ME&P`#P0J190`51P`V:[JG=@`0W0`-Q5MW=KMD0@
M!9&:``7`)0EP`#[``JO2``E@4U%K"U]P!G7%`![P*)V9`2/``HFW`$B``)[7
M%2\``:P+`<K0!$B0!4OQ!"-``CA:`9[+`-Z8%3'0NA!0_P`!8`4C8#1$T+I-
M4`$%``$3D[I:T;NM^P5`(+S+4P`(D)8Z&P0\,`)AP+R9V[W>^[W@&[[B.[[D
M6[Y^,0:KN8=C<+CF*YE;T`(TD`,'$`)6H`7V>[_XF[_ZN[_\V[_^^[\`',`"
MK`6[.0!L0`;IV[Y^F06"@`8X@`9)<`(2/,$47,$6?,$8G,$:O,$<W,$>?`(B
M@`,XX`8`@+,*K)A80`,#<``OEXEMX`(2((0G_$);$'9B,0>1)0%H%0LMD,`8
MT06O,\,GC`*WQ`2?%0+/)\1*S!A6*@<P$`1DD`!RD``90`=N8`<PP`,HT`%>
M(`<2(`=>8`!!(,5T0`)V@`:*EO\#<D`'IKG$;BP605`"'5`'(:`$$A`%:V`#
M=0``(7`/1<#'*2`"#5`$-H`">9P&124#;J`#=A`":0`#=(!%;SS)03$%(3!5
M(:`"9D#"2O`")T`'?Q`%?\RK[:`"'!`$;\`!(G!+-X`!0U`%4U4%14#)M,P3
M#V`!%]!R']`">P`'-\`%GQS*HYQHOV#*,+8&2<#*KEP"##`!(Z`%M1S-$Q$#
M-@``=B`"2@`##2`&<@#,5;`"H@P`I%S,'%#-"B`"%@`$-\`!=7`#:Y`##2#)
MTCS/YB``'0,'+\``,,`Q6F`%)2`&$;`"2M!H/J`B-"`&G>H$"@``:H`"',`'
M*,`Q/,#_O?1<T19]T1B=T1J]T1S=T1[]T2`=TB(]TO1<`4^@LY$A!#A:5_.F
M-28-!$41`/(6E(40`,!++;O+"S9-T9.P;X7P!?/&G^-0`$)-TA3Q!2-0`C!0
M`BG`T[GP!2F0``!0`A(06<D\54^U!6FZU!&P!0L@J5(-))&``&:P%$0`JI-`
M`.Q+"P4@`#'0`F;@PZ2``M@D=Y8[54!K#DXPL4;=$V=`Q2UP!"6@+C]`!L.T
MG4L!LS]@`@90`!6@!W&P%$#``,KP!T"P@E80!2.P`&10`@!3`A30ND]@+P2@
M!NA)`F30`!D``10@`J0+"5)PL'^0K(N=!6/`$K@YV97M`"80_P:+/0:2+`1D
MT!M$,``9$`,Y4P!Z(,DO8`(+L`"#\MC0_0<`D,34+06M&W98`%).T0)-,"@O
M@`4O]P,,8`(.4`#B\`,K*)@-\)@OL+X.L!3>#=Y8$`<?,"A?L`#W_0(YAMA]
M70E-X*'/Z@%A\-4)T`!(\`,-T!LHX`$1(-4B6@(N``)"T``2+B\IH$F%``-W
M``E-4`7V5U)/@`458"TQ30(70`8#$)<!T`%2$`F%LBQ4\N`E<``IH`!HL.(6
M[@+R(@(V8`9250(B0`(((-4NP`,>X`8VD`$<L``<T`"26P$1G8`@D*6F^@O5
M32@T\`1<O@4]8.$-P*]O4+@E\`0H4/\2@]H`42`"?)`$V]L!QOH'9J`#3O`(
M!7"UIAH'8V[A9FZY+N`#A6D!-B`!%'`"`>``-O!K_QT)=F6V);`1',`/(-"U
M1*D"&I`$`/`$(%`"!9`"0[`#$1``2#``H+'2VU37W>4H0`<``,`!##``:P()
M*AZ7NQH))2"VR9H$3I""5&(!5@#JHD[J.-!H`.`$?Q`!*I`!B+8#*B`$L*[B
M/M!\,>`"5J`"`%``7``#<]`!,>`!'Y/EA0``U<SJ+4`&;_H$-P`%-M`$@T8#
M*M``3Z`#'+`%!(`&;$L!82`".?8'+^`"'Q#5?S`%,+"ZZ;[N[:X""?`"`F`!
M>S#8:S<!`\#_`AE@E(L."5CP`3&```I@`SSP*E9@`4)0Z9?^XBH`D%]@`'PL
M`H(<(%0,"2Q0!5C`U&J@!F&`!6U@HA>P![->"'P*"1,@`>*5ZR\^3OF4\BM_
M`YR;!"^N`2I`!MJ<R<Y.!BI>2(7`LRK0X9_Z`Q+FX]1MW=XZ\VKP!2H><C>`
M!&Z@\B'`]``#`"^^`*TJ!=5]KX5P`3,```DP`T+``2_^!65_]B*0]BI@#+%R
M!,8>`%CP!3!``1+0*A4O"1\?L"^0225``Z).Z6,@!`!PZ13P!_^R!5:0`DF@
M`'&P!T8`!/%F3$Z`!3;M`Q\CK3,MV-S5`B4P`BJN!1U'[34-`-,U_]M4(JJR
MMROY%/JC7_HW8#2^S_02``!CH`/-/@`KH.(G,`!;(+,78.D@DP0><`![H`3?
M[O5((&]BO^)_<`,7@,MQ\``,$/A_D`0Y``3U_@=-8`,P8-WZ.7F(%*A",`'D
M;_[H#P@J0W\0%D@`)C$[%2D)46%_D9*3E)66EYB9FIN<G9Z?H*&>#DD#*$D=
M61XV7"4H!25M0R(:211_"%$Z"68"%EP`7`$$!))A`VTH5#96?PT#$M$36`T=
M.S``!60A3A(E$E^16%%SDED6?[9_`@=_+D.^P,(W6>FW&BHZ-B@E)2UM3G@,
MX&$A0K<G*C3\H9!$0`@4'0X@`(!!$H!OT?^0D!D@Y,^-!0-@<$F`0-`?#`F<
M#$#SQT22`PXB`0G1)%*&*'XLP.CP,>3(DH,*Q>B0)$F"`!^B=-@BJJG3IU"C
M2IUJ"8L&'7=:_"F`1`<-(']:H$B1P4`3-9%(1##R)`"/M4_^0($R2<B="#Y:
M!/@SXHC?(_4<*-'!]L^+OR,J2*I`8E(%`7_._GDRX@\-$&[A_O&@6+(!!FI\
MO&E1@\@>'UHN5&"@PT=<!@;^J&E20`,*!$P^D"$BB<S?(TU>7`C'F<4=%'H"
M,/CP!TN&(TBJ_`E@9LC>K4@*1.**A4<*`57B&$>NG#F6QE`4*$#KH,08JO#C
MRY]/O[[]^_B?$A@[L"-!CC\Z6/!")GS8H`,``(33R0+8Y.?@@Q!&*.&$%'92
<P0@*I-!1!@QH,HP/#_SP20P"L%#AB2A2$@@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>41
<FILENAME>o68633o6856305.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856305.gif
M1TE&.#EA8`)^`>8``-K:U61<6-CFY\&]M-OL\-\I*>'Q][FTK)Z6COGY]+VZ
MLLG%O<W7U^+N\]72R\[,P]_R]>;DW<;"NJJCF_3T\:VIH?+R[**;D[O&QN'L
M[;.NI>7DXI:9E>OJY=_>V.;R]8=^>.WMZ]+.Q_K[^I:-AN#P\NKR]2HB(,+,
MS>?O[LS2S]'=WLK.R^/S]\/%P<W)P-KAX,70TZVTML7*QLK'PD`X-[S`O?#O
MZN;P\XZ(@<2_M_O]^J2ML?S[^+.\O=+K[OCW\^3IY_;Y\_;Z^>GGX=SP\*&F
MI='K\OO]_;"QK>;U^.KU^,^\P>G;W\C$MU)*1M+%OI><GM'1TL7(O_"XM,'(
MR:*@G-[GY_KW^/[[_./U]WJ"AY"7E_K[_?7W]^SEZ>_P\>?U\YB1B]R>G48^
M/)&2CLW(R>+S\GEQ;,C'N(F*BO__^S\^0____?W_^_W]^/W]_?W__?W]^_W_
M^?_]^_W____]^?_]_?__^?W]___]_]Z(A<K'ON'Q]?_______"'Y!```````
M+`````!@`GX!``?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=E6MN
M.VX]<F]R<CU_<')KJ')_=']M/:.>MK>XLKF[O+V^O\#!PL/$FV\)#B`@:!()
M"`"H"6(=/6\]=M9O.V_<Q=ZY;=_BX^3EYN?HYFL13SE\)$]$3PI$-ST('3<W
M$10]0!$1@/18DZZ@HW`&$RI<R+"APUUK-#R9DR#!!79/:@1($,`#B(QH>E2H
M4>-"@C</&2),R;*ERY<PR>50X^:-G9-/2,@#<,+!DQ<13H0`T<%GA#=S8IY;
MJ;2ITZ=0HQKJ(09-Q7L>GNCH$.!%#0`!`'00"H),Q@BBI'ICJK:MV[=P_[_)
M$5'#00\=3]A)X.H5K-B>=2N0B5`M+C"VAA,K7LP8TAH*%P*@"3`A`1H:-T``
M>.(!380.\22C(;.@<&-<B$^KCDEP$,$UL&,7BMWZ$>W;J].MJ>9!`F$[1"B\
M(9+`0P+B<@AWD&#!`34WKW'GKI1ZNO6&;]98VPV=5G:4@[*[D>.FO'GSB-;,
MX09*^_GW\.._OZX)M@7MD5JQ@G6JO6SZD%0'X(#G^$?0=@.QY]HHH<B7GAN"
M]#!03;3(9V%\!%ZRA@[919+*'W(D,$B%IF7(B(`FID@,-]74!!LKU70H2&PE
M-@);=J@,!)N*PX!RP!_002*''?K=V%\UM?%H"/^*2C:Y2P\+3%!!!1'$Y@80
M"2P`A&LW+$!!DHQH]\(%5CR`)'A.]J+>`=J!N4@/$4Q9P00:],.-!R*@F:8@
M3.[IIR9N!!``"`'4$()^$@80@1VDV!$!`A;$>-5`U:PGXQ]K3%`#"6*0<0`I
MW)S$S3&A>J=>#SLDD.`./23@AJH)[/@G(;`I(.LC<@"0`QHGH$%"I+N)4-D:
M%7&3(RD]4"#*K=;U.>NSD^P00`57_N2`H"]PY,$`3Z"!!A$7/(#`&A;DX``)
M@E[0#J6#W%"#!SW0(8)5>'4D@A@!'$!H`.I6T`-83U1@@:\!=Y8`$#EX<.FS
MM;K)""IOF%$#*@@(BN?_!1<XH.L-!TAP[1,3=(#&1QI`2)^ST*;LR!H!D!'`
M$V3X-(`.[P:P`!DZ(-#3M`'TT$$-&M1`P\L'/`'`I434@*488ASPP$\3/&%%
M#0<<0(8"DDE@-!I6F$$&3U+^1(8'&@00@LDI-RQ)*3W0M4Z^NTXP,@@3G/``
M&F5/4+0#)UAAQ1-H-ZORX)>\,:@$5N=P@C)U!5`V%A[T!'(`;X0`]!-R@$!"
M!%V]@381)P!!P00Y/(%`#8Q')@?6<N10@1U/.*"!MU^=<(,'`3B0`P)<+\SP
M&K:N;0I=/1"QC*!R'R#H$X1VP#L:==40@0AD!#X=RH1G/]NTJ4I6PP(2@,"Y
M_P)/4+#`SA/TO`#0E.<@!N<OS%';#2<`(*%$?[\0_@5HO#%``&M0@P;D\`2M
MY4`!7[,=[AR@M;JT1V5JBP2.'E"#'EAA6NCB7P1((H8:>*9O@G'`NQY`A@]=
M!WO:2R%'`E"&LKQ@4!]9(!E&([D%M",C%:"<YG"W@"`!R0T3((,8<J`1L.1`
M,CG\@PXHIX8)O.$)-ES&"31P`@O@#@#N"H`%LN.P/470,:!PV]]R0`8RD``-
M-Q"4"*WP,WR=0%,1>$$)`83"%&9O#0"0@!,<<`P@:,`*-T@`%D7@`+X)L@<>
MN(@#+&"_#G0`&5\R67GFD$@-"#(!':C``1)@13=TX/]H$;`'`"@0@0DXX`5\
M>(&$```$(`3`5K08W!<?81X+/"!6`YA`""K@`7A%``!S$`$U`(``!^B@D)QT
M0!=/4T<[#JX\.X`-JZ"3'56%X`DORX%V3I$`5A'D)!2I""@$41YEH4I"%%+5
M=LHC(6)-DU75>$4U1+81[>CI=\'ST!Q298%19",:/9A#/$LASR&QPG,[H&.&
M6+&CW0`)-A!J$Q>U(S^(8DHVS"*<>[PCH5C%R`X>,(,(A&.*;.S&<[!IFP-\
M6!XG5J,:.X@F0KFQ'C>L!Q0W-04I($8!L;#J)!GUTRQ7!AL/Z"`VZ]3I0%PA
MHFM@"E4VI8UX@B15US044Z+_B*AT&M+,N(1B#?#,1C2APRIN0*<F-OV.JD`A
M4Q-F[SL"W2=,M[$=%M&F/)B:ZA]>(`),D=,-"*@HK<1#5QW)-9KJ:44K=GH*
M:R1(?C69U5!M5%0%I$="$K*)*U@A!TNYAZXVA0XH,&LIE$[4K*$5;5`3TE6X
M>,X-%'!`!?AP@ZG>"*(0=1&+`D+1J*:0%D`H)``<$`)TA@*SW/&G5&7#5[_^
M,+#,V@T`*J"`&P@T54A!+'1R)`<+$.$-;?`<DFZ[3!5--DR51<1)++"`"H@`
M"*AH!8BT,]9(>0`(\F/5'+PKH=O1HJ+5I&E-VS.0A[3V+=!)P$=R&`![:,,]
M%[4&_Y!"M!N.\"%6NRFP]M;#-V\Q8Q1K$,BI&#2J[-#"52YJ;FO*`]TD`6$`
M)4'#$SH@VBNA=10[M4,%^B=-59'G.^5-T7D7$1L/6-80IY*,ND("(R`X-K.>
M^4J'H',`-`#AFCGH1U9I\9B)@L)%05Y*AD"!-2*T*E]$\%8%=AF93P'`6P-X
MPYM+QU=OJ=*MSW2#"&N[`PN(X0('<("WTA`!,9SQ`4"H<@XL8(&*67*O?5TQ
M8`7KFMZMX0D'F``0%K#)"9`-#3EHY?.LG#Y-BX!W("""_"0+O#`C.;VO7L,)
MT"*")[1M9*$<UPW^?(+3[4H#+:HR$0*0`R$D0`&@OL$+>/\'!"N@00P6``+O
M<A`K`X_9#1P`@:4L0(&J!*UH(-!`S`+P9\Z0P0H@J,'_$*`NPJ30<WS+00XN
M0!<T"'IW-3##"2[PZX#QZX@240`=5/S7%A/B#59[MC`#,(#1X$X,F`X`":(F
M;J[E2VHC*9H5?"C45DNBR$>>335D3#</6`YC,:N@!ZA6@Y&@H0)&"U'17I8`
M.11-7V@X'0+R-C*?E&U<UB80L5HX@E7&4=YO-%H/8E8!WLVC@C=XP@":/IH(
MO$)[-N7;!?0&`$.)!%_Y)@,R)`."+.#I"=WJEAP(_EQ*SZ@YSOX:J,E0DF5T
MZV73DK:WND4&$!C!*B#@`%[_-&3_18#\$+N9PW*.&``21OL$,`;"RH'PM;I0
MP&:G.$"OR"""'J@!!#T0(;Z`(&,9SUC>[7!U.0[LEO*4S1Y`H!KSLI(^`-B!
M-"<@@=844$%V7*`D6:F2'=]`EQO0`0A)@Q,9<D`S&I!A#2(0S;\VHX`0:`S2
MSF6QV__`$06,?`*:D@P9=CP!(D1`!SF_A[<0<`,'"`L-.PA\4EB=3S"NP<B(
MW\'*J>$!,D3-`@E0`S23`,3#&5]Q>7R0'<J3:#5P`Y\7>F00&79`&;>S`),1
M/CF0$JS7%F`E!).!-0'`%20``KV6.V^@;D`S&GP0@;SR>V53`R]@1Z(@0I'R
M!QND?!5S_P))0`99X!,P)VX:@"\#0`8#@'V29G"#(`<4IRGN=P)B4#<`P"W<
M(@89YT%1LS[@IT,7T"KTIWJT`FLB%W7,\!$44`,(<$0KQS\55`.:,DH!X`2P
M465]YBU6DT/N8V58HSS*P"\>A&<*L8%J01`[<`,*0`(*(!P>(`:(,P`.(!R-
M."8ZH`%\`"X2\``W\``D(%O*E$*P00&=]TUYL@8/<`'M]0#*%%L)\`!-DRPZ
M(`8+(")LIWW,8@=V0`,D8`70``124`]FH"I\(`9UT@,*,`%FP$H+D`,T``0=
MX`%NX`%$X%P=5W^V`8:TD@!S<`,:8(@=\`:)%#(]0`,7H`,B(/\'&G``(R5(
M-P`;(0``;M`&(="+YW*(1```L$$#"'``%$`!5E`!$F`%6^(0@"@5%`4$8`4=
M%74C'=(F"0(J]D1A2.),B&=/QG(I)V5/';4&L3AIT240)]$&'CD;.3*1$W42
M')<V'I<?U+@@5](J$]5.)L90[=1%'OF1(K(?@@`Q".DB03<@ZB%G$U4>MT$0
MI0`*#*4=WG%:7FB2[%$>IF!5IK4.$6"$!;=]<N`!5B<',UD(-_4'7(1..`64
M&G62]H=_2)8=3B`07<E%XK%4HV(]@S"3;4`''U(;7@8*7+23``(A;Z``GF-6
M<Q!5:`,*&&91F!):["$B$%D(.@)FXT3_3@G2DP!`CQF)A()`?-`@"Q])"'^)
M%#UI)7.P:G<DEM-X?R%7C7\P`?<1&S+55-1DEU\6'UGY"K1X=7DU22?E.W]H
M(K.44C5!'-QP`\]H#:["#^.E'J/`"A3@`7Z5'`K@`,NY6+M!&WFU33J2&&]@
M`3H@`:7`E7X5'6O0`2+F4!=%$'\)&Y$IE6V742]@%[3Y(-H!!,,U7!80`8,I
M!_]P=:^`"B""(W\@>2!"'X67"(?W:F^`FMXY&T&Y&QU@9J>`GVVP!G8@![%P
M(S?)'EPT?P`I9`/013T``G!H02#`*-?@#`ZP=4"0578)!&:`.2*"+_MR`R2P
M`-;`*')P+I'R_U(O90KZ&1<OI`R<40U.YF-V`%\7(5"M,A#1-!N]A)ZR"";K
M*2N#AV3EX0!]EP,@<#<W8)_$XA,GU2HU=PS^8`TKF@I)Z18!FA[4B%>Q,0$4
M($&M0P*G0`=?VE00`Z18TBCRY1(!&8@;B@CQ-P#CX6R(DP,3((PVI"@BL#OV
M0P/*\'RD\`3`1@1D(!%H0`'Z`DAEL0`>0`*9F`#[0P3P91C+D"POYP!)D`-L
M9`$[I@$6H``=,'5TDR#W='_*.9G;MU?*)&GID1W1EUD]4'X'@&[NASDOH#D.
M@(V&Y@`)H"]EH:/7<:8129J$H*;JP:8H"0(Y8`<*``(7T$L:,&_&H?\!(&`%
M1"`"WXH`1+"C+;&G`MFGA^`&(+"A<N!L+X,`3\`'Y(9V6H,`A-)_8.<*D\%\
M"Z`#+N,3ZD(#T%,V\M9X+4<9IV`8,`<"!Z``A<:&Y#:$(]%P8!$`IW,4:4$K
M2VJKZIFK?X4(7$07"/!G/5`#"+0K3T!"MU<5'5&"(.`3\%!"-CD=T!IK9%FR
M:]JF^0$":G`#$3@H%?!&@T*E47,!.C=^-:*!&MI%\2<!NT&OP,:M^0)JO+<,
M[-,#$E`#PAD!VVH6X],!&#,/3O!*BU,6OU>J$A87%O`"$%<#$E`5=O!")7HZ
M<K,9`M-XU*2DM1II4SFR4.J6Y,2K_K>/*TO_/D00.;76`QCS,I&CA+Y"`MI*
M!A+:GJNQLP@JK8-`K7-@K>BU&Q9@!T(+HY'!+P%`!SZ1B.JB!OQJ&3F@N5"K
MF^YJ"&\@L:T"`A6C`YG39LI0-#HP`%43`$#PM<B"!H@&!/XV`.*6!`$PO--"
MA#IP`+]$/B%*NVJ!!A/`*-A:%72P`,0F=?YG;_EB`4_@!"T"N$RJD4Y*LC^$
M"&AU+83`/K=3`[7&-Z1C@'2P8^[3`U:S)7;PK*))5)[KL[`ANHO0(-&W!D(+
M8[/#,_^2$Y`J<?PJ!Z`6"R_!KE&Q!K=;"&^`%_R6%P$@`3TP;_GR$2O(KV%A
M1BVC*AWZ;W)'&?F*_P9\<#E6FB\E(7%R:1@2P2F8UD'X8@7HTD'+`!8'8`$!
MD`;_X1HA*[CI^;Z%>UFB&`#UBS4AL'(^(4(50X05)#=/@R^8`XVYP;E?>,#Q
M"QNA"[1$)ETE`3)6`W%/(`8T&S4(,$/\:@>@]K!Z&K6(D"S9Z(H],``>(`<>
M8[WW`@`TH`9BP$<#,'$:(*(=,`&<8A>+3`1,<P!ET`,D<$R&]EZGB@!7:1@O
ME@-EH`#2)G%L^BCWJ#<AH`'W1;$FQKXB*\6Z>@A<1`1%.`A4<@!`8`$3\`7`
M5@$DD`2D6!E1F``5\(3`QL<Z6\"4A<;4FBELK`AI)1(D4"?.0(7\)G$70/\$
MS@.,"/``VEF)C++!?GP(%2)3KO`=V!!3/Q4*6^*2!I4%R`)0$7H*6/('F)4`
M<NJEVJL6^OFP8@`"T=#.M$B0J2*8;DFK[4N9@O"DM_QJJA(X.DHDI+!-T<`B
M$7JD$DH'SES&T#RZ/9O&U5K-B5!C.]64;T`'=B`WUQ`B_$R+$D('(/VVZYH;
M<)F9;0`';:``;>`'0LT4Y`),@[<2[2C40ET'0ZW43NT'H`4A,TD0Y@$'<(`$
M0?W46KW57-W57OW58!W67PV-"1`!'M!%=,DA29)2D8F1(M"8Y3&[8#DC3RI)
M;L#5;9!@?*`A9=H4.]W3/FU5/X*;BI`=^O<CGQO_435AH)"0Q0OSG0JS6G[M
M!Q=2V99]V9B=V9IM'C-ITYZ-F4`-E^_1`2]`41#JTG9@4W^]VG"Y'G\IU7#`
ME>_QF3[-VK9]V[B=V[J]V[S]'H=IV;]:$Z\%E'ATUG4="C$E!@QU'J)(CVP5
M4ZP-)-Q0,IM=W=9]W=AMW4@@U#X]`B.0U\QM*]6=6$9F'O!,W!5``9L=`<HT
MW$QY4MD=W_)MV4&=H/9]W_B=W_J]W_R-WZPM!W[PT[7MD7?5`7S`'6O@V72@
M'KQ-X`0!V%;]H`G:X!1>X19^X7!Y5_U=M0+UDPEUGD[P`!>%W`C`9;>Q`+G*
M5NVXVM0T!QJPX3`>XS(^_^,T3ANU[=,XKEJUHB,;SAX`P"80%5,[(@<7D)K]
MS=X,$ALW]64UWN1.GM]!#1!2/N547N56?N58GN5:ON5</N4;\.5@'N9$H`%A
MO@%4[@`'0`1EON9LWN9N_N9P'N=R/N=T7N=P7N5FWN47<>4/`!0*H`,18'Y2
MOCF!3N4*L`!XWN:%ON==WNB._NB0'NE=_N51J`,*(`&^0>4:4.B/;GXO0"58
MC@!6Z>@,).FF?NJHCN=8X%XB0$B%].JP'NNR/NNT7NNV?NNXCNNM3DB\S@+N
MYP#%%.N[+@(Z8`4.H``^,`-&\``BH``<@`&(LP"$]``3>P!-5P$#,``(0"<5
MH/\!+N`",U`%XEX%&%`%WVX#-I`$2;#K"G`!&O#NW0[O[S[O]%[O]G[O^)[O
M^K[O^8X`KL[KKB[LN9X#O"[K"F".=!+PK6YOA33LPI(#\][M[N4`-%`!%]!T
M[C?MC9SK'-_Q'O_Q(!_R#9^H(R,H:"".!1_L'\_K"J#R&0_K[A#PN1Z)N_[J
M`"_R.)_S(:\`&Z``HM48#]L!(X`$70`&"[H!!S`"3OU0?VG@;K`!*Y`!*W`%
M7E`%5Q`&S=$!<#`"<'`#&_`"+U`/0``&(O``"L``-H`"85`"$-#V$-``!$``
M2Y`!*!`%5U#;A"@!"S```ZOW"_#W?L\'@C_XA%_XAG__^(B?^(J_^'SP]W5B
MU5@=VY10H$T\(T^<?>X+8O_P9SJ0!B+@!!.[];+#!XA3!VGQ!AKP+&T@!TTC
M!M4%!X$YTFTLS5JUQI%`!"G.&`#0\S_/&-C0`1H@!5T``"RP`1(P=4P]U"CZ
MG>'2`2J0`BP0`D,``RH0!LQ.`:O0TQZ)!$C`]5A=!R)@!"N``VS?]D4``090
M`@R``C,P`S;@!7")YI@.]OK#!P^P`"_P]XR___P/"'R"@X2%AH=\`QH*#EAM
M(QU`?Y.4E9:6;Q-KFY9K'AY_+R)_:Y-N;@ASFVMO:T07)!-.&@=I3C=^<#L#
M!WP:`'*D:QJ7Q<;'R,G*R\S-_\B/&B`5(W!P<IMNFPJESL*>"I6GWA,4W40.
MJ]WJZ^S-`!L*V=SM]/7T/7(4+S8V*U<L!SPH@..G8!L@0#:]Z8`@S0``+P#T
M^$/A```B%+!4@].FXZ,1'@"(<-!!!HP&#0P8@,#R3`E_%"@(V0&G3AL_<CP,
MJ%!!@@@)"Q8,H,%G`:*C2),J74I(@@()O!9T:%.!"+M,Z2IY`B6*E"E4JK"M
MN:&!Q`4="@:D2;-CQ",).A(I$$$A&S%[>//J5?:(0@0*<#2V29!@3;9MZE8)
M#.=&V!QRYM!QVDNY\I]W\29;WMRM3>,V?X+)D8,O`@`7&1K`\"!"@T<_;3P\
M2/#'3?^'`1TZ)+#PQLZ;'A0Z.&#AX!V2CM;@C'@`8P.-(`/,X,CPH0@$ZT5*
MP``P)-N;'6TXNMEAH?6!!0<.Z!@P8($$IO#CRS>D(+V&GA4M7-6D>=+64*-P
M<THJ"FV2@`<'B''``$[8LH,<;73PE`0OH$=$*7=Q1IE''(*FH3'A<20''$B,
M``8``,"0@!L'9(4<'(T9HQ@XE(BS"F3.G)/5ASPZ@YD\/09Y"1)$<BA'!P``
MD4`/0[`@0!\-!.&``F_\<5,=6&BP0#4AT&`3):LL-`,,*<`@!1Q9P''')CL`
MD$(*#*P`CPHKE)#=&45D]T$2;G6DE6%`U"=!!Q1XL<$!0,W_I^BB2+T`5UH0
M(5'.?COZ]PF`7M4&5G\W'(#`!+:H-0(U.MB'ED1OS%&!D/;<5-"K!;%*B4%>
M(1&$DQFL,$4'![01C)7A$8E$C)?,R)AC.#:C8W^R-CO)C\PZRYE'U5``!A@'
M/.#!J"-X@0(#-K`0@@ZE7(F$!`^$4$>77];(RAHAV.#"%!NTT0-HFR`1PA0P
M9%`%`"'`P$`))521`0XE9`"#`VYT5$<XJ]SK100Z3*D`HQAG/,@++_!17P@4
MC(!$.U@Q^U]7`FXZSQ\.D("``CKHH`$1.R`!1P<A@*$(*&^TDJ&TSK@*:ZS-
MTOH&-2S`<$88"@/08@^<>%1'N\5N_[)8C8W=.*FRDJT,-*O0>OUU97:L`6$(
M+*@`;@8*!)'`#EY0$(07=<!!94=^U!W!2&VPV^%G/7`T0LB_;D+B$#"@UL`*
M+$AQ!0XFR#```U6XX((D?^2ME2H)`-&!!A=<($8.6AJE\>GRN>?>`6DI@/DZ
M)7M]<H!?$;@R$2#(,H`.`(RP0]T<502`O86YL>K8S0@]M+,&^0H'B@THD4$8
M#,PP@*^:>72,L5@CNS4SRXJ-_(=AC[_9:,"9<84).#2``@S=L8+/<2,,%)Y-
M;5@04M]FV&0302&*"1;2%`Q6_"$!<.@"!5+``^JDI`4?R,#[@A`NB4#M#U/3
MRD)*18OT*/^`%J9#G0B7TC'3K>Y[W8A=)RZ%LMJ%I1(]0``"G.`$!1#A#1!"
M3AN.`X?:K&$./S-?)R;3ACK`!F]^<!;^'@$&%S2@#R7X``,J(!!=%$-\_K$:
MC;XR#A0J(WQ"#%+YPKB7T<!!"C#`P0?:AX$@=*$'">C9&QK6A@'83`YUR&$U
MD-`!,VQ$.>$YT@.*$P%J-.840T#"!M(&@P]\X#H0:,%+5(""*\!@"D"X8`;!
MU(.TJ*<H00%E"$=(RD.\9P%Q<8\"O-@,%6J%A;33E.VT@IX/XF8'.QA:$3NR
MBB"2T1MS<`,2"`,A@B2Q64M$P@Q2`T4!&$$&+N!`!#CBH6N8#8O_W./B)A[#
M2F2`\9<:&B,X[8&$+@RA`DM80@8$\`$;!&$(#GA!850QHK8%@2/`$E8':'#$
M7"@'"R+P`!@V(`4I>*$+(DLD!69PA0\T@``$@"042["$,YSA"O**P"0TQ\D'
M3$`,"^!8QTI)4J2X9P*+8-T!7J<.5X()EID:T`LIT0,^/$`#BJ#`#MPPM%>U
MH9?CQ)H;>M`#`&A@`@`PYL.*!AHY>$%Q=O+'$E)0`1%X05@V:XMG9*3%8VDM
M,I4*ZE[$*59V(`$,&$@C##"`@@^@"`@`L.$:JF$E#KB`!DC`AZO"LT\D.$`*
M;L%"1LR@@`;@``<PN$(7<@:'(;@@C0UH_T$+#)"G(C``)09H`4L$<`4/O$8K
M/=A!!!*!TY*:%A%.44#OL&":7\&./[*#:<IF60D1B"0MN.1I3V$#5+&V8@X]
M>`"B7E`!"W@$BQJB9ALH8(,/J"221<!!"HP@!2*H#0;;`4.1N/H-K_XP6>#K
M6EDK0];Q=L,+#'`@`S#``!4X`"$6B*,<;'80*X1`!2.;:SX6`(!](JBJ'I"`
M%$!F!H*]Y`H%=<$&FN0"%JR3`"T00`Q6P`,IH``'*R%`"1@`@R568@[`)2H%
MT/.>TYI8$`=PP*CD,`(`4,"U+87M"KD22YGV1PXO<,`-T@"`[^1RMS_=A"_)
MF(T$O.`I-M7`-/\Y@MQI^8H"&TB"`%9BG3YDX`H<&/$5KGP%`,P`#$/P4-6Z
MV[VOYDB\YM5+>=-\B0YUQ`,,8,!AKS`#*>C`!3VX@0-L:S,X$)4&1O@`"UZ,
M0WO5<``S<`$#'LN"%:P``$B(@`H^4((8I-5?1@###":0E@HPX`PS\($4%*``
M&TB!`2D@*`#HIKT_K:$'-(A92(%2(:.$,BBC/+&B%E`5D6%!`1T8&:5,)EL7
M,BO':RC,&G:Z/2&/C4/5<#,<*.`4"H5T`D2@9EXXU.9)^&H2D:XS#`10@I6P
M)#LK4(,*!/!$*'Y@!2KP`AP*Y.JK:?.[W026#CE"T$"&QT]L;L>:`S[_*Y\B
M`0L#Z)<`4J``%FS``PZ0PP-<$`07Y`P(HP&`%4RP`AB09@=_**H"*I"$<-D`
M`PUH&A)VT-X5H,`''S`!#%:PZ)`X8`IIFX(+8M($,-0/!B*8IO*,D0`%J"YF
M`X"+S)`,EY'JFE%5'<%\S1"!I;XVK+.+J<HL@>R4<7<87Q-:1R`$A`U0('\!
MOEA0@'*`L^-30X^P!H<,Q>%VJZ0/D&P`#W`0!I5063N]4\4<J@2FKI9Y$^"U
M!*PX@H6R2V&'$*(5P=<Q\,G#*CP64`"'?7"%!0FPH#YP^0JD``PZ@($#_]C`
M"(`PA,$-H#Y)4,$5DF`$-0JL"VWP`@`$*OLK_ZP@"$&@@1?D,,>:A:`#7<A"
M%KI5`0?$A$2P.@8%-!"S"BRB/C2P@,46\).G9VPH+MY]#X<=6QIKG;:4Z#H7
MK]A;:8G]$5Y`D`)H\$$=H)(&L;;(36J2EV@A(6X4<'R`X04LP"^7U0=]<'>0
MA`,\T`>396X$DP$6(0\KDTV:XCW'`"MR<`/<1U"0X`A'-'F4!P]`(H**-S1P
M<`"AIEHLX%<#P0(-U0=*X%`LD`)9T`9<X`(KH&"$16A\``('X&E!@`$"H#`,
M@`0%!'(4X&`^$`4P$`)$]09O,Q.CPA%$8@%P(`(O8!/19PRKEQX'0`02H`';
M@H0)8%1)YWV+H@,44O\!!_`7@$$R,O9*YC=;,Y5^DK%^8P9V0/-^8%`!8C`A
M0?$``\`'2Z=Z/M5_E4(!+G!J4L`"+C!0*V`"5:`"=F<`>&<=#+@$Y69N+H$#
M#,`"0.`&P51O6W2!9E8,L.(`B))B9C``"'``(=!J)N@.)!@M(C@T-D$!_P<&
M"A`"`"`!9N`%&"`#/+`"!D``#8`!-J!\3@@&/D!J02`!;I``#G`!(&`%+I`"
MT_$2`&`31)5L;F`#5^`#T)0"(_`;KU8SU>`%4N``5S4""S)?75@,8]<!Z%(D
MRO5_#H!3#U`A:A@?1J$!(D`-1B2'6%=LLG2'DZ!^%\A^SA9V;H$$'E`!J+3_
M``]0%!3B"S8$0'@C9LC@'>+P!W/T)ZK0,-5@`DFP`F\2:N&2`=2A1@@XDPNX
M=YUX;A?591YP"A5H>/?&3<=0![IA-Q)0E!=`:@FB`8W0!L$T5/)0BK5X"95'
M<+N5"R(3'#3@`!M@!I:&`M;1`@20`2R`!2.0!%+0<4$0`QDP!4/0`R$P`#F@
M`%.@`C/00)<4`JL4`G'T!AY`<R4@`#,0`B,06NVX2"JP'2K@`3$!!#93CY<`
M*X.S0[K4$10@7*@4D$P14JK$!QO19,C@4I92A\;F-0XYDGLX9*SB$2&@`44A
M".Y1*HA"!%A0E<O`"DX9%BLS>*?0+3"@`C'02(8%_Y,9L`0SB8"82)-%<`8?
MP`,-``$(V!()(P,/<"'98(K>M0:)5PE(P#L)0'U\(`$5<`%)-P%N*`$T(XZK
M4)U1:0E3&7!5V0:XY%0`L```Q0,\P`"350+*N0*V905JTP<.A0-3X#L+H0`;
M$#`P*$%)4!8L4`4>@$M@<%D15@4SH`+I<B*GUB\E,!T`("[TY9@G6!`YI#P>
M43,4(&N8R111@1;(@9#$)IH+>6QY^)"G^34T`0=`0`/OD4I"<0"VI1'&U%.U
M^6H6T`&V22Q_L%-#L`%QM@*IH00-X%``BA+%>7?(J9S,Z9R9F"<E@`%&<`,&
M9)V'!Y0@H@&#-'_?>0`D8/]_%]`+I$87#Q`!"?%#GDEP[<EFM)D-'1$W!-4O
M12``,B`#TY,!07`%1G`%9_"`5Z`"0:!:1+`E35*$U,,`MA4#!)"8<'"83_0#
M)S<%-I!H,K`^2H"`):",00!IRF%$1*.*KS(UKGIY'I%Y#I!K*8H($X``6K)*
M%,!2*32'+P6C-D::,VJ:0Q21?=@&3@,4&.DHP+81RK,\RC!';N``3M`#K;`R
M)7*6*?!$I2I9RM@"2C!9Q6F<"IB<R]F<?7`&UU%916`#8$IXA4=F]X:=^=8&
M$O`./;$Z$P`4)%"("_`+/0"&`\`;=1IP=YIF>\4AR[9LJ3HELG<&Q<@`*,`"
M-E#_`6'``]W*$BH`!@X`<?O$8BZ@`NID`T/@!0/P`U8V`UZ@`,-9`A#PEW.6
M6.WCLI)E`!]P!1(`GQUR#-#&$<KE9EB@H[@62K5J".]Q`"BEE$I9L,4`FJ2@
MD,'*=<.*I*[&AZRR"LG6!D2`*!GI*+Q`!/_VLVXVI#T@$+2Q(I6`.$Y:`I+U
MLLFH!'YG`'#K=^3ZG-9QKLZIKI5U!DHP`QT@#&+ZD]E)"8V7`#20=/:'M$9A
M?4$1#W/@`.R!5#<`!(3'M&)UL.:E/5FS;%T@+``G!?+"`J7&`AX`@R5@!"K@
M`[DB`'Q0M@[@`(^:;*+@``^P2ML9I1G@`1M`05O&MIU(_UD&4&X0$+R25`(V
MT`%S-`>5`1(54"%%2:M%&U+IH6=.,P%_>W4OBBEV**.30:Q5BYH:L@I`@%/>
M612EHEK`9;G(4`K)MB3XT@-(,`12X`,Q,*K'.:[XF[]5:@`-:`"'I1($`$57
M\`"CJ+R!BXJ(EV^PH1R]\``20)YHX2GDV6-PA%/K41\'8*3J.TZ8.UZ:>PK"
M1"1O-PEP``-!L`$;T(BGIC`<``!-Z@%@^FH]T`$+,`=R@`46L)@<`6<9(',;
M``,QD')*0#`(.,10!)8KX(!@R0,V9*V5020"L0!$0;1%.PA!P1/4T&(*<`/D
M-V/:.YI2V[U4&Z]6*R0]D`T4,/\![>$>[\$>-V"MAH$7%$A-K.!472`%EDHP
M]ZN_?+R__?N<<OL2@T:G/2FO"$RFJO@_3O.O9E$Q!T"&<+PB$?`"!T!#:4&Y
M&PQ.'5Q6'3(:.R3"(#DB<!`"#,4^*0``*I`$YN0[*_<;O[%/XU$3(2(X[14$
MOY<":E,%4D2$'[`$P9ERATIIR^AB;_/$X3$E?%!K56P(-U4HRC$"F3P)3IMU
MVRNL8OQUX,L9J<(*O/"=JJ0`+Q!:)5@/6#MV\O-7-)",?;S.^*L2_4NW[Z8`
M%N`&<]0?%F@C"9R!>5,'R_%!;D@!9Z@;/^0=/0`$K%C)$=`ST4Q&F^S!#@,'
M%@``$1#_9I:P)$?B`M-Q!2[@`6]P`#L`QZW0"N/1`2^P!O^F0R-0!UVP2`:%
M!%(@`Q4P`TD0>FI$B2O)`+&7`DQC`YGT:@M]#-&VM3RZS(00,VHLSW35Q73X
MQ3%JS5X'D64<)&>\!D(`B/ZJ`"\3`COP+F/,#H9ATG<0#`7-:RPPDRW`SFCM
MS@DXO`B8.!0@TN]RP/B,R(_Y*J/B!1T0`0S3,Q^MT#T3A3_T0C\M1`TM5H:Q
M`Z5;!B[093.@4W*PU7-@!\'0!A57!1@P!)LP`//`#>Q+TJ40;20"?=JC;7*`
MRQH]!3.0-C:0(A2@`I#(`E[`V95Q)5FB=D1MQ2@U?^T!(2Y:_WY,';65T'5G
M;&0:-<Y8F\V;\1UO,'U/P6L70!)2ERD;`ANDT`-@8`-@@-;:3:[]*TD8!0-;
M?4'2G46><`#J.1X\2:\\FT.PHM>_X0V#S6:%'52&@004=P4IT,,PP%"K(5!K
M(-FY\'^)1`J:+2.>'1YM`=I!-E\<(4=$,BI8]>"'XP4B`W=Y(X]L>-N#H``D
M$)X70(:/T-M>W$)-'<8#/</%4Y+D'=4]LE-O(`(5D+@?%&T6_KY$0`,;L-W:
MK=:4E0$J``!QQ`KP6JP(@K7HG0UTK15G!8*O$@$5T`%SD`#*&\?KN0SS_4NK
ML$,`\#@H40)]8*@FL0(ST"<O<AR@,?\`^@:2:^#9HEPBLMD1/;`!`"`%*B`%
MBBFM$W$*N;53H16?$\$9JMH&K'A*&IX63B$"1$`-PH:]ODWBP(V'AE%\6WVM
MF]U^0M(S1#`!^ZH(!'G2TT+=I#$"02`%.I[6_)N`'P`#@P9'XLA=18X-<[#5
MJ=@)<C"KRN,!)"`"*_)#K5#E5GZ+\3T^=!H>`I-R#JAA$V98C]8G5C().70]
MW`8FGKT#,>$<.K!D%7<2BU/G.J;06!LQ<H2+>M'>YT'%R[P["^!\U+!#"SW-
M4+MUP=TURP9R7_V]S?(&-U!#%;`[B`($-/[I347M!57J[,SC8AE/#E!(*C`"
MK@X.AA'KN)G_Y)4`"1KP8P7A`6(@`KE1&.+MZ\APY61T33MT*^WC4)E5O&?]
M`$%0)-<PHF@>'B.`!6#P?`NQ`'\P`E+@`DG``^'B`7(0!#-`;G)[6"Q`!#U@
MPS%A+2$C,MWR8G)`1W>0)@S9#K""!$D'D`%I:T;!"T5)R;]P/U878PD)K/`.
MZ9PPDNJYXLBM%]RV(!<S`%90`=-DYCSK)SZ-#^+#;41B3A1@`E<09Y1T!02?
MORQ1^'T0:!E@!@`P`(XR!0QW!20B!`!-(DBH1:T0`L7!BQ]M!Q,PS^-,"H^M
MU1P2`8_\>@6YU6X&<!Y_&<#NZY.-!-B%$LX%P!%E)TVD>DQF&&?^_QO5P`)Q
M(BX10@-PX`#]X'NXK!LL$'I1%,`P8`,6L&P+Y?L,,`!>\%0A.P-!\`*HO2UN
M0<_!GCD^I?68^0`TL#H7(`&(8G^\HZK'Q.@C7F-EWY!3B\U!<B5UL)W6YQ0(
M4)"7!PA_@H.";89_;W-_"8-T=(:&?I)M<%XL&#$Q#%=]'TH??:&BHZ2EI!"H
M$$49/%-)(A0*-BX9*E<,03-3##,V#$-(;6L>!V]K`"HP+"I#"5D3%']K:]*$
MUH,1%PH2-`H>;CV2XN)MU^;GZ.GJZ^P`&PINT^SS]/7T=G^5*A\?!O[^+93T
M*=(GA0H&(8;`D?,G6)L!:RJ!L9$!!P,B;?\ZT$`BQ48*'"6NN,"2986`,ZA*
M$&#@A9H%%C#"X(`)8P:,%!D8.(!QYL,*%BN\[#!F[]RX-@`J+%C`IZG3IU"C
M2IT:=8`$/CHNZ`CAP.H!"1W&%1WT9L(T:H2&>?CS0D2U/V[<()@CC]`+!W7C
MGCN[1L/8L6WJ^&DC!\P$*P<65*#0YN@Y2&UV]'@@(D$YAI#)M=DPH\&'%BU*
MB"[1R93ITWW^&>B#(TJ0+E[,V)"2XD.8$C)\7/F8(L45'P"Z["#68X2#*V=*
M"&`Q0P2(#7*HU4UW@(0.'30D+*`[SO'?[^#7N8,W/;SY\-,V,\!AH$4#U24R
M?+@R8X4*&QZ0(('_`Z?.PS]>'."!$2AD,`,%<&@$QP8NP&!"!C"X`$8/#)Q4
M1!$A83"$'".HL$)/*S``0!(VP(!#!LRI`$$)183!``Q(T'7>.`E.H!U5..:H
MHP0'5*#!!0,<(,(+$GC@!1QB_5766=:HQ99;:,4U5WELX16E&WN=Y==YZ_37
MQ@A$*(!`!6),P,<(2'AW#60[4"#!`!T8`@=DC4V"U'JDM=`'::*AYB<I_S2`
MPPIJ#!$$`YL(4((2+/)@@P`X+.'9!S&8`(P'\"#A81')9=!;&2[<L(,T:*7C
M@`8OT+"``CHD,$=WY'`I:WCCQ5/JK+BN,XT;=0"501\M$`3:!SA\(``&_U=4
ML8(),PSAA7Y(##'`#C>(`$,543"P448;=0&`#":8@$((%92$W!E*$*!,,$&H
M$,89]&U`@Q%5--!`&!G8X"%H!-2"10]<CH/$#0?HP)2.""?<U`L''."``A-4
M0((#<K2Q7Y)C+4FEDVV])25=MU:9%Y;F\+5EKM?PUP80&NCPP`)!CA!)K"6O
M00D2%BC@`A$J@[&!S(/-"002'JQ`VIXEM)?GGTS;2ZP`/J!1!0N3*M$"*A@J
MX0\!7/=!@`^X2*'`$,JL``%H\340!0L``+%&/.?8ND8$#O30`QQ#])#(S&JB
M['<ZM5+Y]^#2R#'$%#!DD/1J>PK*@`LL%/A!`_\VS*``,W`<D`,%%`!@PJ!E
M;/!E!U:XX,474BPA@!%):("%"@+<)AI"(\`!@(5G,/`.1>VU@(,*+$AA0@,0
MFN%`%EG,*`X<%)SZ@L+0Y\B4`A4\H,`%!VCP@$,8%Z5QR!Q#*<C'5-XU<I;3
MG$RX(7(0,<%2$DQ`PYS=E6..,18C`T,00V`A<P<:N('%:@>&`Q!A!+18G&K\
MP;0_3:H!*##"%C*PA`6F`@(+_,<'("2#+0"%`%?#8'L:P($K/,`"3"I97-Y`
M-PM0`!A#Z4$=YC0"H-6!<#B\1N!"EL-<36,'2&"`XOIPMCVQ1@4`L`EI?L<`
M%J1@!3/P`@!(\(`0L$#_4BDPW0XRD@-E(.H#$"#`"BK@!0\Q`&PJD`(6X(#`
M(JBB!$B\A-E6%)+@F4$*1L```,"`A8`M;R$:N$KT!BF5`XC!"CIP``(F((8*
M8(%O?OC.]YKD@;5T[$I3"IGYKH2^OO30$!08P``6(`$)7"`"D.A;6M9@N!E<
M`0;*`$`(X("$`8A@"%U`'@5>\(`NN*`!J<D@XQJ(&GX0+P-&\,P%+RA,?S"*
M4C+XE9X62$(!.,`8<+O?&WH@AP@\8`8J`"<,.B`$_S1FAH'IH3IWJ,Z_K>$-
M-10B2E"!+I^L0`H;"`&&2A`B`7P@!272`0(\```7+*$$*9""!0A#.@"L8`49
M_S``AC)0!0"D`"82XF,6[F!%K&5`"@Y-&@%008!;6``++G@H`\P``(:8AT9R
M0,)7"$E3IY!2.P(*I`(64+LTB4.29ME8)9_D,;F`S!J;'!_)KF&R3[+Q`0/@
MPYMT,(+!U&D267(#+#-`O!3`4C\`D$`(NK`!!X1@!U@8P@PRT()F$A,U?0)-
M'W@`K`N>X0RB:"8J6A`#'A"@/?](S>0X8$T@O&&IUW##&Q+@`1%4@`49@%>(
M1.0!(E"@=G.R7SL'Q\[-^G`'.[C"AT)X-B5`,0@L"$(0,`3"$GA&`#S`9Q*"
M((49D"8%`$"0'#K@@AD$`0=$?.,5@J."G,P2>5D(`O\,2J`*):@@`AA8@40A
MD"X8`&`!&Y#!:'`@(>D0`K'L.`KS-&#3FM)T50AP&?4.8!F900*H*1Q$^(J:
M2:1:2:F=5-_@^&.<J/)(='0Z1,G>\(8V3.$C_(!0?D8@!1H$800-<X`[AG"%
M#_[C@F]%C9Y2PH,50>"N(/83*@R``KJF@H&=J*8#/$"7-^Q`.F^;QC:!H`,%
M;$$%)6@!B%,0`F2D,9]>R*9G226XOW3V+W5(LI*3#"NL_@U-++@"*"3JQA1(
MP`()L!9PDZ8G40@*!S)H@"8<U``!7`$)?^C`"X@@@DVHH@@MP`4<I@``%F26
M$H<J07)^MP$4_.!"G<#!U%#_@`$8,&HU*_@9'#9Z!TJ,JAY'\<*J=-"4&YD7
M>E<YP`2")`(-.&$.X."A]X(*OJ%>4JGUM<M]X0)>^6JIAVRTP`!T4$H-,.(>
MAT4"9!FG+@^\X08/F$((*+``*50!!BB0`N=$(`7@IN;#>,VPG_Q!UV$V<*]]
M?<^(5R.:,)3!A!T@\`[0E(4>*#81H&7L`8S`W#X(BH@7&O$*4,``,+B!$DA2
M\CCJ`"TN\0<.;@!MP'?0Y$C6X\B`"?!5Z^?.<2?A"NPY,2Z0\H!B\>MHH?`,
MF`?U@7T8H`0V"(::W2"$(&`@A*MPP!`J<(`4(,D02$@IB\*H`@D@)]XE^``/
M9@":_W3EF&MT5IF<T`SIY<5BIU\ATJ6A=U,)B(!'(D"AJ#-&:DI:4GRL3O4@
MDLKJ_/80"0XXP$Y)J0$*Q#<=[X0GU1AG`!5XH0,2"`(`+-`!,%1`R@T0"06"
M8(,5**$(!H"VM*=M@&IG&-L\T+8(B1B?*/B@;F^P0QM\!@>[O1A+YZZ`#5#B
M6N"J(A5]D,^+W`"'.S3:#TFFT[^Y]%Z^_*'@]D`XZYNL61]R:`C($,">#-"`
M%8!A!U7\R*($@G&-RV!0/H#!>Y0P`S"DF0]8@@,#5)!Q%:P8`RY006/DY`$I
MDV8)+DC"AU2"MMAU^1^BL8$"S,"\_M#2'@(+TPM^]+[G+?\=82Q?`*5+J?^S
MOO@\DY06IH9UY*-)JZ87-9,^/20'HY0J+P`S#P!J4]<D";`#&\``J1$*HA4"
M+?<[74$#*L`>+?`!RA`$EB``;25X@W<:U):!;X5XBL=`+%("',`"]A9Y<,`"
M-C`$`S0G^K$#<&`%,X`2O.=YH.=:R!8"AI`%=$`(`I8KD-$#69!*319[[V`K
MY@%CZ4%[[L1-2#`"[7(&&9`!%>8%<N`!S/$!*Z%[Q3<Y,C`?,2`?'P=+;J!F
MU!`MD,4`()4`OK4"4S`$@]$0&P`#'W`&1;!!+N`"#$`:GW=7_Z`GBT(`X70`
M#68D[U=TDW`J$K`5#W`!@G1_5,'_%!4```VS%/,W`6D0'401'@$H7P-(7T>E
M:N>3@)[T%G_3!F'7(P](`\40BVBW!IP14:*@`G*7.'T@(CH``(HC401@+,J0
M!(H2>'>U@BQ8>"Y(3#`8>(OW8318!5*`!.]41BL``#L``.9H!A+@`CJP`1.`
M`2SB'L`U3ROB'BN@"<?5A"4C"!-8%)``!S=@CG%2A0=WA46F#N\48VM@`41@
M-STP![1D,5=5>[D2'930(;#$'`"@'W#@`9"#`CZ@*'TB&J$A`QD'3!]W!=^@
M$=+`1AL@!2P0`B,0`C9Q!C#@``L!6@X@1)_A*5?@"PUP-6YT5Z*A-#F6<RJ0
M!`T"`/FQ_P-R$U[D$`*EE%LT@#U+<3"@V!15J1W;<`!6P"I0I0$'8`&V.`^V
M(F2MJ(^OB$F^*`A<AX""T`-GX09T,0<:$`\$!FI")BLK0P28HA0\8@%Z\P;L
M$`(N<`48UP?)L`'[T`<8L`%)A`($0$0?AU`C\BO2&&W46`HM:&U,DXW;1D3)
M44(J0`%Q$000U2`NX)@V8`-)8`0V<``8@!+P&%RH$$R\IPQ2X`%9P!]\\4,R
MMH_T('!P``8P46<14#L+9X7D`9R)]39RX`8C0`$/P`=5I!#[P481F4,6$P(V
MP`(4L!_00C8`$%TJ80!*H#4YU@<D.0J@(0``4(<O\$Y?X@410/\$2+`#3A"'
MZ3<"YK8#AJ(L5Y`N*+`VH)`*TV@*.%!F`M``[0(&;="4ZU`_<S(G8``"2G&5
M4$%*?/`"1+*)%1`!&J`JU',#<%$/;]-C;D,652>`5P>+Y7.`X/5.<V`W%)``
MBY$`:V!NKC<K^T$$&J``@00S``"7K998RI@!?R4*%\4@#6!:P5./*V"$$/`3
M:W>9F6D*FWEX9Y-MVLA`W%A">K@?L.0[KU0L&8`"-E`%'V5;;O1NF)E7[8$#
M)J``8#"A0/AO"S$GS,D.3+D#7E"8D74%?#!+R3F0RUD4=)$`Q6$3650!+&$!
M%4,_3H9#0-@!0_!_7S@"'F`#&^!SH<'_-;T#`3*`F?-884)@AVX@!S@J!WTJ
M`<Y6`@P0#7/@GRX@`S(0!3'@`Q@`-G5%3V\Z"H+R<;!5`2(P`@26E^A`(_V1
M>F<X`0?P/%9YE57Y%0,@!@@P`!$P`"^0!@$D(_4`!!/@!`G@4HBPHJ[8HFKY
MHK,X/CC:`\"&`!U0`0J@`#=@6""SI_7`/ETAKQ(P?T/*G'+0=Y[`.,4RCAX`
M`Y$9!E=@;#[`5:LQI6"@`N]AI5<**-;(F7_BF=L8FKO!`@X`!I"I9TAJ1$5`
M`+H'`%608[-Y!BC&GCDG`R^T=R\"2S``!I<%!USR-D23#!4R`R\`!)"DG%AH
MHF_0`<X*-A?5_UN]L(DOP#<2.3AO,P)K0!<#%`0ND`*A,3E_937`HI[0YH@E
M4$8`$`'Q27I,>:P[D`9-BB$J0`31,6Y*N03%LB)(FF-NU`<'6@KV\AY[8F4T
M`*EOXY1V0@D4@`5"L0%!BJ$VM105X`'.R@?TJCTZ,``H5!0WX`$)<&N"<);2
MD):HMI8BPTED80Q`,``5X",YH`$3T#(6()?XFJ]S@@4AH`'R>AT3,*3K,!%7
MT``C%0H)"@-2``<&E6(A@`,.PA[^D&C*]VQY6[&AD*4ON*6)UZ4/R[$F@%L*
M@`%$%"P7](XE(`7N&!KO9ING8+(K@`'!`P-7(`#L"P--!"-%6A0](/]Y/783
M5V`"*H,D/V6H0ZL.QG"'09`$25`1'T`:Z@(**=`N>P0&8/`L`E8Q<G)G3G@(
MO<E*F)$1."IC>C,J`),/M(0$&R`"!Z$"!T%O0?"3N$&;&9>@#,":-30"+[9-
M\.0"?P5X652C#FD)RB<:T$8:*$80*I&@#>##O3."*R`#1J`"4R`4AT"N:P(9
M<K!;+-<R`*`52Z&XI+0J&N``SDIKTGD`%S`!WX"L!KFCY7IVG8NNGUL>:V`^
M<1$92/"<S^D`\GH!/SH`$X`&%8``8J<!L`"$<1$/"O>TZT`8?]`&%!`!7U$!
M\L,A<X(9APP9PSD#!:P:?5"3"7`['\=[7`7_3,\+15X0`XM3F\X+IX87O7PU
MO;7)0!M40ESU`0PPQ*J0@LQ5RQ#``"FK"H$56*,`>.ZQMT/,B"*;#*L4E]7`
M2G9`!X&\S'$1Q1%,2SA[R!#\A/,@>^=PER-0$]ERF+U\!@*P"WHH(C#YR!/*
M'S-T9Y#A:FCQ)0BB`'7S3MRDHY%,&.[G!7NG6C5;4#\)9MJ(0<_+>PP0!3"`
M)N#X3FY``3-``,QE`!#B`(8U0ZB5$XLXE+PWQ!@"`\B2`DO0#]9F``4L`"M`
M`%7P8,Y,=.H`#CM@`1.@`'RP`(:D`/:GN%(%EJ=;21Z`!=+9K]_@K>#!N?.5
MKK?2QG@AS6@B,YSC_P$:@`!BT#`-@P8Z`);8H0$>4#LPC"6P]Q?OE-(]0`$;
M``3E:)\PG`]4B`1@(`43JT%*B02=$1H8&PHHP`'M$DRD7,K!=,K8*+V*][PI
M5D(9Q@`HP%S;YLG$U,\0,!\LL%1O$\A\80<]0`=VP\R!W(\S0\A%8<WFH#<W
M<`&N%,O<+`J&F!QA0"R^(0(N8"3Z,00-W`7<$V#68#?,\P#YP2`1(`A`$">7
M\0=V<\B/[+XV@`(KD*8K\!E@1IML9YZ_30,`X`6$(0?;5-:,@C0K<``1\`8Q
MA03M8A\9<!M.HP0,$`;X,C44P340P)X&H-!?(P,SH(33O`[;E`!.,`$D8/\C
MDRL!#_")H'@P+P"D$J``3%V?$1`!,0:`YHJ6:IQU:RG4;\.48$4$9D`#8G`!
M8K`JSDH#.0`S#>/'5<T75XW5QC"N?N"/\GH#[G4(D!$"PG/6[5%O"*T$LVP:
M*U`&25`L_C#7I0R]=YW*>9V!@\4);^77@"U"@MU`,S[>9X`#4@`9J:H7A-$&
MW"0'/;!&"R&148S;\TS90EN0UK`#0&!*%#2PIG$&H9&>HH$#O1$$5>`#:5H%
M+A`$^[%]`193<C("$;```&`#`*``,"`"AD`,Y4P)3?X'%G``B;,HZ!(*.09F
M#9`*.""/*R$#5X!=^%9#7C``5Q#F#9`",P`$<O#_"!7#JD$P!8F(`BA@"XX'
M$RS0DL@1+(>IT%N3Q"Y@&4!HY62Q!@D`U5L\:X$DTPM0WP.P2-I*`R\#I'[\
M-H)I'C[MN0;.QN;S!Q7C!?.Z8B+0,!<@58FA`WJL`=@.`".`!?4JHPO7/?8P
MM>\D!UA0,5B@`!W`!PB")<)`"``@!12T0+C@`6PU8J9Q(K%\UN--UW5]C=>&
MU]JHUSO>UW]]8KR784,>1C"@`OJ+>N9,"5-864``!ZLB`AO`1Y+\!X\FZY5-
MD%,7X&N@*14`49.3GJ:P3*#'#Z41$!LD!2"U`0BBIS:#!%X`DUT`!G0V`Q7@
M`[J14/9,`S0`!AX@!1(&_^51W`-.L$]Z]@-A]&$;9XA*T`!W=;<KP`'7\P6[
M.0(T8`:<@P("\$S(4CL]D`!V`#<IC42PU$0L8#!6``"R"TX7DB='HR=<\P&?
M'@'/.2?K`&H48",O8$MPP(&6)JU5^3),H1VK<@!M\S:*8.P#GL9$!=2$,`</
M,-3^2<<(@#V:!KD/X`1.H#-<$`28OM(T0,=;;&[W9E7@OA>(L(J(D-@58TX>
M@!4',`4.$`$6`%K58%$X@+R38P`ATFPY-IF160HY=S0SSN_]WM:HH;$"3T(\
M3DP^;O!!SC07-M[7$@25,(@N_YUM0%85`.P4,`6J=0LSP`+HSP(/T`%P7@ZO
MJ_\.EDUDQH!`D`4*P60:*`]ZIB`H*P`(25(`4F!(;G-N8`!),`PJ+#))#!D9
M)3A74E(L9D$S8$$`+&!>(W!M-RB6)24$$*\M.#(XK#@K`D5G)1DV%0`>0'!P
M8&8`9L./#"4Q*E)!;SUR:VM_;C<.5S`K52E(0"\T%')P$3,911`E2B4M?>XE
M#54N`#MR;DAM?_K[_/IS/4`45#B@0`.%%P<DO.##L*'#AQ`C0EP@@>&"`Q.(
M[.C'L:/'?6\F3*/&;XT'#W]>B/A#THT;!'.F\9OSPL&;-Q[X7!`SH8(&"0L6
MO'@PP,F!#%$N!4EBQ<H,%P=F"!F"K\TI/UC]?-RW!HC_AQMO2/[9^.9?&S^G
MV@!Q("'(E14J5'@8XC*"%`8?&C3(6V(%C`TP&K1HT*<%JQ+N$AM8S'AQXL>0
M(TM^O)A''P.3,\.*P:.!@5?N,.?E<"7S9`8H2KR"L)BPZ<B,(;0H\N$*)!8J
M8&1@P!L&(04V5%!0`.-,&%UGDI_))"7$CC;1MDKO!V"#`C<R.XYD:4(%#ARA
M'4N.O;J\>0A[/\1HD&+%#`K1@``XD*2*"@PVC*1VUZ+%!Q4,"(`"@#A\@`D+
M`(`QP@X[``#@"I:<`4$1L<R2W!4NF*,$#AGX4(8(<O300Q<PH&""%!N,0`$+
M7!#01SPL]$"!!3M0\P8%`&3P_\$9#*S@A1Q`>`'$`#T(X0$**1AF@!+M)%8"
M`S-(X(`X.[@Q75AO)""0!$1@H<,`"T@DYI@24<2'!`HHX`$^T[7)3TC;E712
M2BNU]%),8K&4A@,1W*#!3CE<H,$!&E#T`!].\''`%4D1($`2/ER100HJ^``#
M*12,@`0<66DEW1H.:*!``F)AAUT;==2!ZBD)8(-8"AD`2,$.(WA1Q5YZ?6#`
M"D&$X%TE&136I&*--?;:L;`98!EFR":V66>?01!:'Z.5UJP[J*GV2FO7NH,#
M9K(1D%X,#!3XP;D9K,``I1M0Y04#LDFHW!D%PJ!"$)NV(8>;TE5W778<K;$#
M-$`P$/^89\:^9MZ\\Z+30@R',8`!$`EXD(0:5@C`@`R."-"';"U(VP"32HQ,
M0`L&[.6>,R-DX04%FZQ`"X6R<)C!#/:BP$`#.+!0@0(6)+`#`S%<46`5F3)@
M@V`-\.;%`S188"4T/1)@-0-3)/#'"`!4$`T%*ZQ0&&*();;$"@H\\$((FN8C
M'78]K)%`D&V,L,!/%9&I]YB'2G!`!6#(H2^_;L()L#XFH:022_JX!-/AH+Z@
M@0<3D%#!``H<(,8!!YRY@!-H9F!$$26@T$@#.MK"#`,B`(`%IUE-UT-1&HCP
MQCX[].#2'VG!$0P2`*PPH6Q+P#!#$)I>@=<2//>QP@T6+!#_%PLSN$@`L^ZL
M5BSVW9I6V67=/^L9:.!7VWVVVJ?<O6<?HY-R?^6QLI@2?=CK!1)8J'`]]X7I
ME4$5,.@"$I!`N(_X"SMYXD?%TO``!\"`'2%+6&2^\X$^*`<"#)O7*PB``=+E
M0@!.<(`#%*"?,.`@#+O017D,@#+6A$P)K$E97E(`@!E<A`8A6!$.3%`">G$,
M`RM@@0YL<`4?V(`!4D#`%[#PAB$DP44E,-H4+&`#&2A!`'FIP@8``(,';"HL
M,*@""XL@@%')H0,'N,'<1*"`&:"@2<-BQ1*FT($VV!$.5I).3+!CBKK!051\
M"-/>!CD1"?C-`<(X10&O))+#L61._XNST^/R]`8^#.0K%9!`&G1P@*'H(&T:
M&`!!PA"%(A#`!QE@$@L)H(0S5`(,'G@`!3HUG01H(`T:`,#M].$!#40`&JA"
M`A$.T`$XB$!X(2-=&%+`@A=X80A5*-=W<,``7<K!"P"@@0V`.*S0K)`QW3O6
M]_AW+/%%:UKFZQ;ZMJ6^;H'G8[))60G0,:'9O`(=E[@"#;Z@`Q@0X%SI.9<!
M2F"`O$""`@1<)$<.Z$@[M@$,4KA"7AI3GG!.9J!]J$+9WN$\&<1`!@38J$6=
M9+5X4`H&*4B!O<K`112$C3YW&,$&*%(-.]@!"S4$8`,&X`$H$4!"NX)!8!@0
M@FAL``4H@/_`/W'PGA[D(Q\):-T;I""#%9P+GNGX@`]6,$!]4<.A?DA5'3QB
M%5.@$2B")*1$)#"`0+Z`(D#YY`$\D$"%?L1P"4P<G1A7C3L=K@=B`$%//FF#
M&>#'!$JS@0\8X`,4X*`!1NC#%6*0@8&J`WN(^4`01]"&:4B#=V`000?`,(0A
M:"H!3G#"!N"@*0I,H2`(A4,7AE###+A@"@`0:6(^8*\A..(,/YV07"A@@Q64
M+@@TF-1CP3G2;HTS?++AS/BD5;X&D.9\J4F?:YI[+5;$0`#=O&@K4'"%-@RL
MKOQB:)[68$?@5>&Q#2`H>:C+W=`@1J./84<)!$"`%814MR--&0[_8""!#M``
M`-4)P0%"\`)'^(`@8+!*"&BP*3K(00X;8$%A4<`V+[#`%:Q90:24L`(1)*`-
M=_D`*U8@`QM@P:%V!`@%X$`!^Q0(J_`8$`!&,()]@36LJ?(('+`@`HQH@`\T
MT(%:QW0!!5!$!U\Z@!,\`)]=VE4Z>.V'7B/9.+_F20X'$&P%!@(<'V!`91@0
M`'SS8H0&"*`*'V@'*_);`@/9*U-PD$99':`#!W!Q0?_H@:8680/BN`!'+.@1
M)5)0V!144#(I,!@&,H"<='31`T%80@L(H``7I.`[""-G?2^J+/!URYSD$XUU
MK76M=<9PNZ,^EA(6`^#(;+H/)=#B(:[\_P?UEJ2]4G!!!G@6ZFC1M[X8Q:]B
MIC70_L0ZI5(P@PA$!`TDS(X"#IB`#7@@!>-5QP,T.(6X:QA&'^0P>!)BS14^
M_($J`*`#&Z"$?@5@@R`(0Q]V[$)/8>"%(.2F@JOIPX:N,`,`E!;&6!$K66_P
M-PW\Q$Q+CL@+)C`!#2!``WWN`!`2@1U>8[F1>85DG;H\205.0`$(&<`D4H`Z
MGMGB5N?:4)LS0"XG;10S[&B`O0"0@GJT=P@/",%N(C""L`PP"(D.VW]80-GX
MJO@#`;*$9#X`*YW-,SE%,(!O(B"I%Q46!M^18*PS\]Q31Q=:J:;6JK&KK5>/
M_5A*PC7<;RV`&?]0F4T*]34_'#J"(+@`I<7&:JR3+5*RS1G7H@YG"C#4!3A0
M>P=!D(`5W+`#':A`4E3WC0TDD`4XO*P++FC$QLS@`F5(Z#(M8'G3D.`!!2B#
M':2K@FGW]0=4Q:H!,;#!`#(<+.U&L;@[/DNGL")D&@A*`YFD05HC[I`'&%E-
M5L%C#_#D\:UD64Z*&WE?2[X/.;Q@`!J80!)X`/9<`10%,##0N:*`*PR$5#SV
MI;5A!!`#`.A+#CQF`0Y2Z@+'RX&V^M,*FT9BP4(_!-4'4)09K+`*/81/*O!,
MRI`7/L`-/"-V;Y<LRP)=#X-VU*5JUZ5.V<5.L':!DZ$$UW,LE[4D&8#_&UZ@
M*GEG'0BT=W845DC@!9H`7[,F>*-&>/G%48=1:^%T!@*@`@6G#3`0`ZH0!2S@
M=Y60&/LG!59@!C0P`S-@`TE@!.J"`G^W!-KBA%83`U[0`1G3A4\"`SV&;W40
M(%<@`%)P`#8@5#"D7_*U7RN``5*`#ZJ2%6[#$7"@`&T52(&T?$OV5@O@?#H0
M`FV`!`D'!]00)]77$=?'%2+'5XZ#)VL0%MCQ`!>`.0^4'(]!&`2`%WN!`U&@
M?@+"'Y:U&.R4#H.A`AM0-W*`!"Y@`D$D`?5`!*4G7YBQ/:KX&?`G&>EP!F.C
M#BLX`ET0`R'5(54@=20H3J66>)IQ=M.%3FL'_X)MQRW-*!ES!H2005"(L1>Q
MH@`A@`3VT(B.U!%ZAV]940>G`#PR4PGM$'`[>%_<2((40C]K*``"\`.5P0!&
MD&8N0ET-L`+DEP$FL`09@`D]8@,L("D@Y@X\PPYO-@(,8$&GUP<WXP7[@"KW
MDB[.@004@`'LP$Z,<3)*(!?B!F-D-0%*EC?,YQ`*P0?@AX=U0$N/R$B.B#B3
M*$EX@D!K0`=A)BJ4=I&/$8IY82!14"`-L`0H\%\_J(O<8UN*5##T%UL6,`-7
M`$.\N)6_"!GET1\+"`,B,`+*@QE*P``\P`-BDXW>\XP:*%WG5%T?V&HAZ'9L
M^7:#(0`RP`&ON`:($/^#_0*#AR-\8>50.\`")F`TV4,^R$:/=PD9^"0NJE$$
M%%("/,!,-H`"E^$8.N<#)8,K''(N_EB1UT@M\]0'2B,\&$1=.-`<:6%'#M!`
M+)``@C,$YA`R,01.B$%@:P)C>]@/$=!)0O&2#Z$0?E-,9T&8GG*3U@=R6K:3
M)$=]:R`B%)`#$W``+`!PQ^8.!!`#1TF*`$4T&!52[4`8OUA0+O`C<D`!+A"*
M]P,'.A`$X)%U7,F+DV$>B+%I040!8*!1F&$)AB&,CSD>;FEV&SB-<LEJS>)J
MV#B@W$5K&`D`#S`""8")N3,=Z5A[>OB:HB`#*N`Q\MB8&56/%TB9\+"8%-+_
M`)<)`#9@`Y7%&"W`8H:A%^:G%[K1`)2Y+2J&@$60`1(U(1=Y,S,&8PE``10C
M!W8`!QN@`F>`FXUQ,I^A3P.0*0YE0$[&!PM!G`TA%!)0`8FDG,O)G!X1B3J9
M?93H97W5`P#`$U&A8J_`,$H5`R^"E`;2`"*Y)-NP`BS4/)'Q'T5%!Q0I`"RP
M`4@P`A(`*[.QE>%#3]+"0GKI`2,``U=@`$6P(?2S#LKAH,22@08*EVF73G1Y
MC>VDJ2/%&D5`+5=@`WSF`0E0H>A%'8*9)S"69_B7B"%0`4>T7-#H7(ZIJ0(Z
M+.FP(9=Y!4E@#J'F/#[0'R@S&'J1,GIQ/8Q)(2$S_T\?("V&@9!+*`PP=F'U
MT`,),`)2L`0P)!LDN0XIPV@V$`[28&7]``2`Y))[$Q1G`HAO]58#(`&OZ9OZ
M>H9N4Z7X]@<^!K"_.:;.B7U[)4EA00T]T"`'@``5D`1BHQK&)BVM()+4@@-M
M]EA5T`X&(``3&`/EMQ=,`I$IX)KC8`*4Y0((H@))@@ZQAI_JX@-)T&_Z]S$(
MV`JDBH&F=BVHUH%J-Y<+6I<-FK/E-&>&\0H]Q&A2,`6%I2:'X!*OFJ%_(")6
M$8M$\&Y9``;T`1PR,WB]2K3YA1DR4!@,H&F/$:,^T)6O\1D$0)DGTR,K`%DL
M,`@_Y@=6,4#D*`>.H)VPT/]?_M4`(+8+`"`"N<.N_-"'8`*O>B.O.O`"+Y`W
M?J,!1#"P^]`I==,&%#".=B0X[&A'-U!'0WIO'Y>3CV2F".M9F"MEE;,>BNH?
M/B!P%=1FYW)FGJ$7/K`!!W8R"/@B!04`+S`".00'7+0$H;@"]'.!OH@93)4$
M@@`)$M6+8`L99<>STAB7'JB@R,*@HQJ]D9$<L'`9#7`&N1"6/,`"LG$S;/,'
M9>$1&=I>5N$%D.`;A9H$'!`<$N6U(\J]3B*V(74RAU<8(L8:W4)0*"-@``0)
M5N"*;9.OV^H!/+>8$M("&&`%D5)!KH":JBH'-_$1E[,`(J!6%$$#X(!\`Z`#
M%1?_`>3H$9:+#QY@!1*`4.-@`3-&`0^@`0ZP`"^F2*/K2%NF?8Z3L&W@!FBD
M`Q=0!I-JGYA!;^=R+D909YH5M[4;*R$0;W$1(!^P&P8W4R+@`3/@:`=(HN&4
MO"\"`U.`,RSK:-"KOYO)J=1[H-;[L]A[+-H[@FILD:NQ"RB`C+.A"TL`(*^@
M<^KZ!GFT4+&Z=P/D!3#``LM(<'_A`N2G%V/'@VI\@#+PQ9"!MFK[&M/D<GX1
M6AIP`V#5674%!"(@GXOYIBO@`AFF`A$B"S00.&Y@N!OI<%E*2/+Z`@HP`8*2
M$!9@"K3'$9W"6@!@P@0Q`JTS`!,P`,J<.0>@*3K<G*3;_\-GB@!`/#N%0@(R
MD`$%G#"/Q0M7P`HM8`0X(&<8H"N880*);`A#,,4>,`@P0`&>$`2\(`./MHLD
M6"S^$S8P8`+!8H%@.[W-TK/4"+39*[3;6\?ND&[T@P(R^U,]](,30G52`#15
MPKZ%O)%($`1W40E[82]$DTID@[_*IK^4S!^&L5%H*\#7T@!(I1O[QP(P0`06
M<```T(YUH,%AL9%6$3RZ\J:Z$`980P$4<&`J=@4*L%I!O!$=`0<T,`&$&!2"
M.!&!I`-^TW`2$`)YY@=*#<QZ"`050'$Z8`4*-A`]$28JH0$=P%F4RQ%D6KH'
M2W)EP5Y`<)T#0`(N8)[,U0?4Q/\"+#`)PP:>""C!`F!95TS&>#M`<(`$OH4"
M`I`"^X4!NN#/R*:;9%,@.#!KDIVS`(TL`IV@;*=="/T8R;$8!(`#K"QLP2)G
MB^%*&2`%(K`!##+(L/HOLMH%`R`%GQ9?2G`NNA!?'[.KUR+))"VVF8')P`T9
M#2`%51`#A3"H+$`#'1`!`Y!(-PT-<:/6;3`$DU48GZ$+/30#(`*\(E`)2<`"
M:ET-9-4!F?2X6*JX6]K>9W(`%.$ZK&6Y*JR'`!`HF<.2!Z#,7^(0A$($?O#+
M=U6PDFBZC;,#,!$3<B`"1S8`]4M0`CQGF)`$X]AO*J!B41`>D_;;K.`)#/*:
M.\#%/:3_0HR9C<6RLYN9XFJ\V>54O9]:C:$*VJ'M#KE0GA\P"#.`&ST"7)B1
M'#"@`&.I.[+-#^W;!AZV35=PTL+2`DJ@2B(-QH]9TI.1TL<-&8BU;1S`10@V
M`0#PGM$W#6_0!@?@`D<432L`/QU8!*:-!+1B!BP0*RWH4$6^D7+@`&)PK_(J
M$31P)@\@`E_B!591F(2YUG]@N4(=BP-A!5`-B%MZKW@'S3P,G7TE!G%##8+"
M!U/``54`3Y@!E@UP/'BT!B,0-B:PX9<!`1`SC#QR!4X%L!<&!P]@5=I,DG=9
MGXK:X@7:QI[JLZ`:M*)*QVJ<3.Z`6,BIV#"`1;AV,RR`G.8U_P<63=O]L"\C
M\(8"-6L(0Z./)J(CS;U4+AG&O3[?D0$PD`2Y40D`\IXU,@Y(<!>`2P!&$U^X
MB77IH$\4,`3O@EOY6N?Z(#A8<&3S&M4,89P2@'%CF9)AI8?WC16LA04><`!6
MD+A0O>=8"B96@9.3CN"5'C>MHLP2,'X;NQH"NG\,X`4CD0">L`0;'BUUV4-A
M(P<-(@(:L0,=(`4\Y*20?.O%8A[;4\<NKC`P[NLR#NPT7N.D@S)/`@`)``=T
MT'E;9`*[G0(6SEDCX!+\WFL7C3AO,`[V,HJU2S1QFQ=17L??;FL!?.7Y92")
M&1=7X'*/\(IW5"MQKBT`9,X^32%%D/\",Z`!4O!,,,`VKPD'9(5_SN=P\QH1
M0C$`"!$!6%"HI\".]MT1EML&#Q]*.B#P#"%*KTC@!!O-E.XX<6,!$Y`H?C.!
MY9$<EZ`Q@F]3'O!OD;4:+BJ^H%$",\!C#^`!BA\"-CAL\$2CCSE?YY&;:,^6
M/V\:G7V]GRV"-9X8W:DN#*`@=M`#69`%,-,()7``#/"M58M'T0Z8_5`W@ZL)
M^>'.V7F:\YB_DTS<52YBF2QP@&N"3SY/N6`<*C`$N3%0*A8/]V,*(`D(4R$A
M`"X5"C9!.`80C8T&!DL9+@IN;G]N:W^;G)V;;FUP``<O"`,+?*FJJ@L+$@H+
M<G!PGK6VG6O_N3T:$A)\$B\Z+ZT2"P<.(W5MMYUO$[F:N!X>:R\BFVU(VF)P
M0!H5$C0*B!@MCY`$)4$/0%DC(U)!145&!BU*054"?2T$+7T$JF#!(J7@"A0^
M,,0H8:"/PX<0(TJ<2+&BQ8L8,UZ$Q*-/0XT.&[6(P:,!(P@.&WYHP.$*2(<,
M4)1P!*G!RYLX#<2X(J%)EI_+-N5RHT.!!A$C=LAJXR=H+0`;*N6RU:;-"#!@
MO`QQ(`&+C!`?9N*<:*!$GRIFQZJ5R+"/C(HM5OB`\%%BNCX,^Y50<B9#"@`L
MADC9IX1`ABM!-KP;T:6+!S-2:(`)X26$BY60Z)HM\2'%%14CUEQB_]8)3ITZ
MHQQ46$!CE>L%+Q18T3$"CE/2S*#UJ'#@`9\7#WKQ>:#@P($156_?<@;-TYII
MU:YA<@,'"0(*.A9`<66#W$FZ]C)L$-%C%@,&15J4B)(9@@`,Z5JH+V%#!Q$P
M9GP(:-!`@`#Y::TEX(`$5L211S>)1)))C:34QTHMW1333.?85&"!!%QA@PNV
M)<>):'-T,(`$$<BQU&G*<0*55-%X4E5U<&#10P_OA,!``VT16-99`5YX4UMO
M4127#Y`8V(<`/JP05A\,^,`"`!1\(<45#1B&0A4P;+@!$G#4Y@482"`'AV`P
MX-!"61\0L$0).."00174[#`5;J&TX84#!__`YMHJK?QRC&E(X$9:)G\DH-H`
M"O2RP`,+%,4'%F%VF6(MS,WY(736_"%'*-MXH(`.$N@P@`TL^(`"`2?U@<,'
M5]!P@RQ!+$1``V!8@8-(+:"@7EE[X7`%"T$LX9\_.?;HX['(9G1@71HI6%*J
M"$+HTDL3TF2`A<F.!4$+&E)055,?BO;&&PDD5Q6*MZR828N=<&H;'.-N2D$,
M'^RHHUEH90L2D'#)19=%_<D@`P])NA!";2/0(`66&:APQ08S)#;`$+.\VZ$V
M8`"@@@`KF6!#F0W@P!\`/:Q1LJ#)P?'"`#2@LF<JJ,16P0-(A")H;KH0`8`'
M#QP`C`[''&Q5-K;_"5HINW\\1TVF:[2Q`Q(>H''`!!=(D(04&9C@0Q5]_*LJ
M#"R$P&4*-I1`0!]@C+$'%28<<08!,91E#Z]A7,%`#`P(4,+>>R.H[]^`>V1`
M1\QFY"R#*$7+TK0@55MAX"\U4L(*5]1<M%!O9/)&-CMO<`-3D_ZAKJ7M5L4E
MO#U$H((*,"@AUKT\0FX1OT+*52199BGQ@0`HV&"%%+7]!(`#9F@LA58>."!"
M!+-TX$'-?MBV*1)#)'&C7S[(@$$#2S2PP@,)_/$&TE1]&T&B+;_\RV\2:,#\
M+#?GE@GH<'@@P0`#E$B_,E49_0SI2</4-=9@(B\<X`D($(,&Q-&F!M@`_P/V
M,$L&5@``,(PI!#,0P!D@4((F%*``>_A"$=X6@Q7PJB'S.</>S`$>O,CNA3Y:
M5H*VM2!HJ61Q$I*)M;!UH;[E""00*$()8*""+B!A!TY9P_A$8Y7[O8`/'1@!
M,T9'OC^\:`18&`$0B#`#SWR@,(53RX[R!4.V-"1($QF2UR12EP;X)04N^$D6
MZ)"%603!!1X80FVL`@<DBF("(=@4<LJ#A#K,8`,I,$$&@L`"&+C`+S:8`HC>
M@#(_6%(.!\B.^OBP@!%-0`)B"EW\.,$42T8/"%ZPC2E7*4I.',TYTWC#"QP@
MFAT`000*0,,`=-`R'^``+P]T2`D:H((-V`8)$/]C0#^"Z,$/BC`]*U@(LS;H
M"$>4\9H%DF'D:/BL!BDN0M32X>..U1"SA/$B)3C#&3[@`C#USQ:FH8`#%@``
M#80@=%2DBA_"9`8%S$`%&1"B.1KP@6SBRUC7I%T:;7=.O_6A`5<@X@`H<`<Z
MV,$.FNI"`N2P@S\0`1D)N,0R;M`#2LK!BN>B``TTYL9?!4$*4U#``Y9811>9
ML@U$\)DOU+<H$GB@.I8<)6E*V90VU&&52`47;EXI#6H\0`1OZ,$-\#<%-!##
M!3[`$7TPP(\^^(`!(^C!#CHP!0T2@"Y%"`,4J-"$#Q0!$DJ(P3X@XLV0)`Z;
M>!V+-H'(3<0Y2%HYI!#_>'A8H+VY#B>'^<`27``#.-"!&7"('A*PX(&#G=06
M^:Q%*-ZA@"3LHQ'S*(*J#!J[O.+EC/V:2T,_@@.RV2"*5;'#N-RP@Z3D`@`/
M2$.Y_M"#35`@`N%+P(PVM2D/_,X&&1BB`L``A&/D(@$U;==-V[``#3SQ9?<[
M`!&0L\]`"?461.5?=8C*2O\UIZES<(((UD`!$?@LEZ!BC0_JU8<'EB`N+O!"
M`H2P@XV][;Z-4.P;<3`/)ND-(I`H4H)-RV"0[+59?;7A@W`83L'6)%DQR#!.
M@F`$&<!@!3"8XV-M4<CH)0<YZ8K*NLJ'!```(+D&*((C_D'8AX1E;_W1*H[9
M_U("#,C8F@E%;>V(U-`S]<$O$1M!S9(VAS7,P0V!ZD$"A!$!2W3``1WH`1\<
MH((*KH,%'EB,!480A(^9``8.H(`%*&`)0M')7&V(P`&<,(QAN(R3?-``$.#\
M76;P&11P-E<GU@6$""1M7/]#FM+6L*@$3&U$+T"#HLQ@@P^T0*U02`$$&.`!
ML48U`@SX@*5+,,)$%@$'8$C!&5IPGG\@>,$+;K"L+?)@PT78FS<$9^/$.=@$
M\0-'-TZ<]\Z#`M%.1"SI"-EG'``#0DC!@CVX;"TV9:[1I)A%GK`V!6;0`AF_
MQ"8#S6K7^J`["[6I#S+&0#7O"D.%2D2-#35+`U(P`_\):,6[M1"-!?A0Y<P!
M8``>,%185G`>`63@D#NP0TGAT`$`B$`$KD)QGY-F,B<@H!5]6@4-#F`!\D[\
MX[90XKA$U`/:,O52'I##"V)#`@VPA@:27H`38EK0".QA;0:`00?>P*4L>$$*
M(F,$L]SX@0P(0*[JF;72]3HXAT)X)-U,7*X9IQ'']7J;+6A3"C*0@1^T8-XT
MH,`4KG`&B@0Q'4LP`6`V$%),"'<H(.]$9CDQFC8X8`8?8'=&0E8$`@@@"AD@
M@`HI,A.T5!.;[H[(D&['QCZ$87@4B-0M3!;57+QA#@!0``4H((%]-,!U'\`!
M`RH@!"#(UG2;%\$-0M#1C^?_@@@5H(%P^.1>,'@\[KC_0Y/G\`8V9^[D0L&4
M#A!0@5/(/N8S5\`52K"'#^X!#"ZX`<^/R8(,>*2N>#E;7/6VI*5[7R.UQLCA
M)`S8"N_0UZ*?P0Q8@`$&$.`#,$B"C528X/IGIB\K4$'8X+`NT6A"-+DG.BH&
M0"*%!0K``3?V$D5';BJ``55P-DL@-Q%1>#^&?2^4>!`!;X1'``R@`A10'5QR
M"W)"6TV6"Q0``)FP`3%0)5]T#Y.0!"3U!_QC%2/@`1/@`2!'6XZ&`*&R4ZS0
M%4=E2@$8=[_G!B5E"<`70$MS`-;5/C8@`<@W!4D0`TI`!1\T!B%@`]!5%4K&
M`@)P_W@/H1X$@`$FA%#?=X9DT70-51'CAVL3IFM5QVL7]A(ET#`PH&1>P``K
M$`8J,`,'$`0P0&KV5W]]<`8PT$5*1@O-\7_1)51SUPG1`P:59H86H4A+(!=&
M4`4-``.G4A@,420S(1/JI$Z()V0+1605T0`ND`*@T"6T$')1Y09+1$E((!H*
MD`$&\'[]$#('UP%]U"5<\@YP0`&]-7'0\`8=P(2<=&=\<`#/$UE".(0?)XM*
MM"XSDFBPE'(OH`%6(`8DD`.P@'Q6LQ!_T00A4`08@`0]<`?9,`0JD$Y!Q&[W
MA3>GY71H>(\/$7X7T892]X94EQ%6-X<@\1<`("<]``0/D/\"*G`\70`#,"!C
M@X@.'\``@:$-<N`'29,);O!DC>B(`\@NN5`;2-"05F`#*X`7*W`V%^%&*I!A
M-B`#3<(#+"`#*V`2.%*(`7%?_^!J982!8>@O\?8!*C`$I-1*)"8'4Y8!\J$$
M?L,J#."'#J`-TA,*<@"`'4D:<*`!O:$!$X!G&C`"%[E*TCB6E6*$2O1_L;2-
M$S`U!T`#,+=RO9`$UC</*;`(&!!661`F0\`"*9!.*L0FG"$`-G`C.[*&^/A]
M^F@1_/A7%+9K%G8M&,&3W,("Q#@N/>``.@``0]`%*?`69X47:4(LA@$`-C`$
M):948REW'XD+@M08'9`$&A`#<,/_`RH),&\"`"M@="MP`)21!#X``P2U0KQC
M-GQ3BFZ16HP7$?T!`/CV3J-4BPF@`0(`"07U$4K0)@WC`7&V9\BQ#)K@9A,'
M!R%``5BP`0C@<L8A!]P5C:F9>Y7R!L!EE9BB`"0P-0I``P\@:2_@!&E@/>AV
M!B;0)D;P;.Z@9%,``ZIV!6&``V##`BZ0!#-@`DH@-X9YF$J7F&QX:_U8?HYY
M?B`A`"[0`7)R>7,0`2\P!&"0?V58`E<P02B`-USW))%7,Q[2GBJRFKC0`X]A
M`U!Q`$H9!7-U$2M@,&:@"(LT`$2@`0,P"CYP!0$:,C&``N<1>L:)1N\&E!7!
M`#!@;7W6_P9RT%L.<`7]4"\)9A-+\`$K0`18,``W8&(=0`27("<@)RFS(`)K
MJ0$Z0(-B::.X5RD64`$=H'NY,`U_L')BD$`*X`(N8%4KMP`*P`#I-$("H#U#
MB@4[DPU28`4,D`(P,`4BH$=($`))@)M]4Z$6*FL8:G8:RIAP")!R")D7L2L$
M@`(FT`6A,3Z:L@-#H(=G6G15D`0V<`5#,`1WM%P[H#DHA9%\*H#8Q@D7E3!2
M``-2``<Z``-(P@`9L0(8T`5F$(@^X`+NY0!O(`=(D"4J<"7ZD`$R8`174%!!
M=IQ#EIP0(7H;T`97"5YPD`L=(!,-47_]@`(RD`0.``<<I0T4\/\"$@`$:R"G
M'V=4+X(%C?("8:9*[+FL$U<I"?`"0$`H2E.H(J`!58.?BVH,B()<C?`#'+0"
M051,1/!3<!`$L&D#JN<&FU);XZ$?+G2JAYFJ$[&8W_2/&!&0L$IK>!$#.-`8
M<%"".S`FG^$FT30#WX,,85*#!R`GU8@-RLJGC\@)(]!P%N`&'C`#*'`%\X4J
M9B-:_#$312``,]`!&Z`!#_``+#`")PA=A+)?0D"W#D`#26`%$O!BDZ,?Y@0X
M/ND0&C@1#<``E9,+3_.*HW1Y2)`"/F!]/;(7_L%I&/FE;0``4J`Q7AH-SMEG
MFK`#JV>Q0VB-$U!2:P!=4[%HJ0``52/_#/FI`SE@-66";ARTB0SP4E76`U5A
M1,-*`2&P`1L0`AU@`V;@`0(@6I2HLQ>JAC,$=7[ULQ*"%BJ$$GZI0NHT.:QS
M&-J[`E4P`J-!>>HI``S@%S``%<!E`0G04?^GL*UKNC?:K/DV/KPW!%HQN5>P
M'^BF*@W0;0*@`E[0!AZ@I#2`!:%P,I8B&C0[`@"@`\-W!0=1!3ZP&3R9+(7+
M#PQ%>(J+!%$U"ZT7/R936RY`F#W2KWT``S1`E2,@&(J;!!O@9J>1@]_)I?)K
MC)=G,A/09MDX!T_$A`,P<SJ`!CHP`0I@!")3)5]W!1B@`!5`&_.3#71K/"M`
M<#/0I";@O#K+_[,2X;-3ET-A<08$=QX4R0(J0)%)X)!2P`(S@'\V@(.<L`-R
MW`&R&7I2$`)O=ZSG=<.8A:/YII%O\#1>D`3:B@(3=`57\(`CA`*4V08-MUT=
MXG_@914;L'$SN0(R8)+61[BF>*6JE:4P@`26,`OX%C\]8`$B,`,B(Q\08<$,
MD`1>\`Y(`'U<)P,*$,(S/(W0<*]\/'E.LP,]8`5-HVC3,`=Q2P0*X`0SEP92
M$QL\8`+\427\@0,LD`0_-11P<`,>(`4.XY<9$*4XT+Q:O'1<'!%>[(\W$0-5
M<!CGX:3#"@`=D+[3@(<L,)A/X@`/0$K:$`(/D%R^8@8;\`+21W'@V?_+JDF_
MSG&6FH"4]UD0#^H#V7,&Z4'-'3`T;8#`53$'3>8B7FH;[X`%?&L%1J`",E`%
M*W!??Y/!BQ=O*S"8[Q.Z-W/*+A`L[MK*_/!W%<`Z0T`!,I!5O.,";(8-=0!R
M0_%D!CUQ=3("%G`!-X`$TA9\U*!>CI(&4[``:#!F+,`"2<R41Y;501`F&0D'
M+J`!,R`%H[AI\%%@X[RST(MU->2&'*H1VIH!G5L;7_H3T68;`Y$`"3`\\'RL
M[4(]7;8F#<`"&Y!)%H"K>WS4F["UX<*(F@($-!H57N"%9T=!G`<`2N8'2Q$N
M16E)WX(%7N`"4W`!/)#&,<!U!G!8R*+26#K_$>F@N*7))57)N#<C&AW@`E3R
M0QZQ-P3P?D%@!7>$`BL@'QE@!'.K*3;C>@#$V/%S`U.P%2\``B_@!3N@V(/J
M`3[L`$E:`;&A`2"0`/7S2*O"$)O(`UYP.G*R`YQ7`2SPJ",4%R@@T66WUOA8
MSG2UJM2+$9]8`@Q0!5VF#']`!^-C(KD@6\UQMY34-$:UJPR``_Y@OF"@`%BP
ML,WMW(X]5&T0;6V0`$C@A6?`APJP`?5$,T05.N1E+O)4`4G@`B*M`E4B@<?B
MVJC8LPVR`AM`,?"R1*,$!V#``I]7FVR!`1#-,5WC#RB0!!:@%-G@W(P-#HX4
M`B!`!$<D/OU7S$X@_ZXA\`H/X`4D,*Z#G`$K@6-+(,"3-0(:S5$ZT`%=,`0H
M\*(V44+\8=_WW=9\);WDUY@;80]-PIS],Q1M%N@V_`F60#T`$`/D=@^;RB7V
MRLLWG.&:E1Q+RUMRD(=<MY`9PX20<N+@Q4K]<\I\<`%E8`,LGER?V-J=K'BO
MW<6.0$Q>T%M.=J_0P!C5!Q#]PG5G<W8M,`DLL&?+[>2]S*-/`@!J$,\14#*[
M#!U\(!V;ETIBH,TM9G`W:0`-HT<28`9.UN$NUL(F'1/@>[XU1N?/2SC1^]8;
MJN=PL3<&H`)6X"U!`>B"#F4B]4XG58-GG`%@-!+(.\``".R>`.DVU1345O\5
M.I,"5?!L?*L#%^`!6`"-J!GP1>6=,^(`:&`%5M"W5%B<,Y[J&;C!-MX(JC@0
M)45Q@J)$?S"2*R``GTD1H646+(02FW@`'0!H_M[+05`!JTCL```#(D`!N[QH
MUC"Z3X,$.8`H0Q`"2F(2##&17Z(#U``*/#,%'8`$,*X$!Y$D<R[N9XC?#W'.
M<6T@N2@`(R)6(?P'%7/V(/@MIN/4\``#+0@!!*`$&:#"R-'O-=_8?JSA*6,;
M-_``=C,#,7(`-O`"$?`.?%8^@D9Q<@`$Q?'$%^`#OXW2,_YU,G!7/7*XK"XY
M,A`9A#\$ED!QT256VO!A?7-L,C8?%'+Z&?`D)^7_N'=OL4+@`D80!%?``7[!
M`B4S!U`M2[3T!TOKP`$`P5U0V1GPOYQQ<$<O`1:PL'>R`7>T`3!^)JR&Z$*N
M]>-NC^*GWU]<$:>N!'8S/`F0.6W6(8$V7N8R7F"@`JO\8P;P`5!1!_GJZ/(+
M\)T@Q]I@FD=/`Q$@`AX`"%YM<!$Z%'^(B8J+C(IMCQ$3"!<Y'`Q*&0U]?0:;
MGI^@H:$E.#@R$!!GJB6>+2L^!IVBH#$"!@TK-C`C<`EO/7!^PL/#;8@4+&<M
ML\P$#28,"E)P/7)_CVW"=77&C=[?X.'BXXMO'BY7&5$I4AYK<VN(;1[N?"+R
M<AT':`<22$A!5.#X@",#_X,D7A)06`-GA!08#3[@2M$@(@0!*`@,;&``%2I5
MS$**'-G'8ZQ8J52I!$FRI<N1L7AP>ED20HL8/#BBVM1)(H<KS#2U*$$@A8H;
M$1RL64JN$045*XHTP*$)@@$<#$+`>62MJ=>OB`!L4."&J;@Y.W:,&$'!@8('
M"D2LA0,D`A*PWD9PDU-!PP4Q%7B@H,J3)K,B14R52'GFDRL?5D>6*#&TSS,5
M,[SL*(L-&[%N7I*L@$#3@$041C;`R9+%LS9N>&/+]OI&`8DJZJ1(\?)GZ=)Y
M]>Y=FS<`C8()`(8@*[C$Q`P%0WJO:8-$"@,4-F2@0,$@0XDB?1@(,)%)Y\?&
MAO_3@S)YDO%*].KCPS0@4Y9+5#=S=B0]TR?063@,58(2*GC@1E*^R08`#-]=
MI0D!$LU0`07&=#7;A8J(1999X<"AEA<>.````&(XT%D;6'2#X2,CM!&""!-<
MH$(9/&#`@'RBE$#0*5+AP-\FC\4BF1)]+/-!!BG`P((72,#A339^/!*"#PPL
M\U(L%3$P`QA-NE8,AF"&V=L-251P!0<8V.#%5FVX\0@]:]B32!L`2&#<`1T`
MH``+2:K```!@P.'&H&[`,8,N)C1PQ0K7K7#&"C(D848&&7"R'WPX&H;*22=E
MZFE+,<WT$GXXF5>8?\Q(]($2?PZQ`X(<@F5&"F?T^.#_!RLDH0,0@]PEYH4:
MEA6/.'(@0<$##VAP@`(14,!F&R/(X228C\!11T,O#)!$&65<YXE]\DU5@@R(
M-?#%CT6^$IE(!"RQ"801I;"""H!NI0A3VL#!P`H$],&*2R5$5!``4FR`!)3$
M1/GKPDW%$T\/!Y#``0M<P,```UA8&R5P<0KW!QP>%*<!``XL*T,*#*0P1!?_
M[``/'-7!0)4F192`D0]6E"&&&#S(L$(+5J7R*4T>65J1)O[Z^^_03(<*+DFD
MZK=3?PW\%!0.2S"@`I-N$*$44\-^I4,&+;0PE28Z9@6`-8/TQC!>P<:ZB!P]
M[-##"!M(H$`%#EA@P0X)?XGA_V=M4*"`LF78P`(.)1A`I*<E$*'!#6<8\`6X
M03Y-TD!G/).!"P!X(<<(:?7PQAO2(I%"%=\][A*G!*5@`QC4'2SXV[@GLD99
MO?GRQ@T4`'$`"RYP,=4*4G3111O<P"GG'SNTT8$&:(@Q@`(;T)`$"S-0P'*+
M=+NQ@Q<AJ'`V`2T4H00,97"`P/MB7.`#)Q\Q?5\19;=PI,!95E$+4`9@A2QB
M00`E$$!S]A.%TXAFDU+MYU15^\\H^H`#/R%A+K!ZPQHT&+9QR,$,.%!&1595
M`F@<#!OY2,#N.IB[;\2-A;K[10*(H`,K6$$N#A#""(80.&&H:#;$V`H0E"6"
M*23!!?\2:9RG"!""/11@#TTHP@=JU@IU(=`EI6!`C:;@@@=X`!X,V4$0,%#`
M55SI)!\X$@.,(`$+.*LS+6SA!G<WAU_H@`0(T,`&'+`!-<"``!F0`A+J@(0H
M.4\XHQN!#M"@`6V5"0Q#&($"0M"&!,C!36W8@5MLX`/<^.L,5[`!'M]'2ADT
M@!532R"[4%$$0,8N`T%@`0?4P"TC-$`)`<3E9%H00,JH4B0+'%4#I<:?GD1P
M%@'4&A*((`(*("$I;NB!PW;GE0_2"@+P<@8[O-"#1_B!`A.X@>E@&,=%O-`;
M:TA`#Q[@!&EX82UJV4P/%3:X8KSI!0Z@P`!<@(--H"L^.&C_0@$&&L7T+2US
MI>E$`)>Q`D>5(`,P`,!F=D`!`+#@`^DCS=)(PJE;F&T%`!B`!,#`C4>4$W=+
M.=T['M`7">B`!CH8``A04`0#,.`*_S!D<.2QE2"@@08A.(`&%``&#^P@`6Y(
M0`0.4($+T$,$,,B$>%J'@3*0\JI)^(`___G+4``-/&G,0`P.(`D$[(R4`CA@
MOSK5AP-:J:L*I(^H[C-,4U'-:K,@``HVP$PG>`]!<QC4[MS@E370P#LV&6$0
M-K"`&\C##W`8D6!/ZL*Q"`N=-P#"B,"P%M(A(9[S_*%L@D@="@1O!QY@02:$
ME*D2?,&)8^A`3:D()"NJ)Q:\[`/^_UIP!@$D!PER\,!A><*2UW&J`4/)``!H
M(($.8(.R;TNI&VX`@`=<H`(5F,`!*"`"-51!`"6(91"R<0</`*!C<QH!$=`@
M!15(`0P2.(`8%`*``UR`!/>M@!4J<(`D\,`(&)#(&L5P55)R0`5;A2LSL-D"
M`C"@"D;@`(&O&C\28``#`N"E`0@0`Q\(8*X*!D4PZ9H?NQH3KZ&(A<44`(`.
M4``&?'``/&[@`6F2$QPN\`[^,O`!`;C7`PEX;!MZX`MX0+<1Y]3=4BS@@1?<
MX&5NN.1$`WNBYU(+&U%.@`B4I<D#!($J&Y5/42+0@5HU`%T(50]EB+()5ER!
M`:1[`Q`<L/]:WH9Y)"8)V!4<S('MT0!\<CORA0:1`"<(50?]0(X%7F`%'Z!`
M1U>HPA"<9%XYT(`%!V,-WM`0T$[>%`,JT(`81@F_4B.@?4E0``=R\)<"(X`$
M1NA.1][*-%5XQ"/X(P`&9*"`")/:U/";I162$`08J%H-*]#QII"60-;R1*Y7
M#(EI4-//LC4N@*AB1@EM8(0@K.`Y+K@@$2Y`@4%]10I7^`X$&B!6VK7!0B9-
MD)+E?:'!!CHLEHW5!M_@A`H0`8R"9L0;X"&"/(X``"!P0:)H#=?'K,M3G?`Q
M$NH(LG1OHK@M*5J/>V8#%*3`!!50`1'D<.^`XV40<'A`/_BP@#3_;)?(%6`!
M`R;3`!YT``EO`(`'+(UIM@"``3Y`0Q'`D($?N*L!,LA!_%SM:CQ.F.EF18`*
MONJI6Z_DUA`H@DT@8`2G0[W`%S!K#LAZ5B/`H%9:OP6SY=-13GT+VC0QDA8_
M0/,B\3;;HHA(`U3``Q_(`"M&Z,`(0H"`$*SE*U]8P7<TP@[1AL-T<S`RAGS#
M.R3GNX,:O$$:B+"4RIL<$3O88`*8"@<L:`#99`MQ;6$1;<-T0KG4>$,=0K`"
MI&$\XQHE``QX``,E**$$*PBELPC[^4$/P@,*.(`.))`&"8Q<!"!@`=I8Q0`D
MN&%$=GA!/V:`@5A+00T_J$@1SO"=&)#@_ZQ?-^NOP?YJ!%A"MPR/#];G#P'*
MD,8%K7[ZU\/^%_Z_KWV.PAX0UW;.-F(MH2,E@`%;X`,8@`)5P``?@#YXYU41
MV`?>00#`9P,S(`$:H`$>T"1?@04J4"L!LUQ?,0?2Y`9O`":B)TW>D&2(L$'1
M]`:"57*451:^X`$Y$"UXPP"EH'KI`AFMYWI7P`-#Q2M@L`+]U`>W]Q*4P6Y(
M`VDNX$S$5WRRT2M8(%0LQP<'0`0)H`!ED"A%8C,N(`4C`@`]``4D0&S<T0`A
MH`9G`&8-H'48L'Y0)P8Y\'4$Q@$V\&63X3H0AW6@L`P,4`&O%G;IEXBOE@09
M((B90H"I9(`<U?\'N<(#WM%6,1`#50`O*.955H)1FZ`ERR4!-$`#'O(56:`"
M!``!.%`%'A`"7^$&<T`$3F`!+'A]'K""EK<A'31'PA(/GF=ROO$&%&`%(3`Z
M%'!I'Q9`"I9F0^-@+I!/<``&$'AQF`(JLK!F)U%`*8`!3#("5C@;U=(!.5`!
MI+@`!Y``.]`!81@@II$!5P`#-#`B<,`$.<`#.(`!BI<".7`&&5`S:60`,(!?
MB8B'>3@)5Q5V8L`!'&`$;\8`&,AF=T82-#<9CF,`6E=_G1(+#.`^BIB0B%A@
M"VD^6J=UVA@?'!%`JU@TSU8?-'%*V9$$2[AAKA`#<<@%$I1B!E`9`=/_`@R`
M`5*@`"_E`"#H%5F`;F<``S``!]/2,&M0%T&6"+^H0:%7%KQ3%CT034`PC,%S
M8S`8CN3@!AO@`7]0-TA@,4DS&5WE<$.8'CC!63W@!0HP<TQXC?/A;)Y0`DN0
M1C(0!+X"EB>G7A,@`2\04PK`!PEP`P^@!E1A4$5Q!5-`#T.@`#X#`U4``S^0
M`A<0`;62"J40!/K'=`2F=&+G=&>UD&5@!#9``"M0!2VP!)01?R+1.*RP!*70
M``+P`3398$7B>RO``V6@D!]9D$:P!(V(/P,RD2YA`C"``BL0!N2G#&_GDB]Q
M2AE@!/AH*9:"`E=P3,A$@`_&`!-@!CH``-?R_Q7EE0XPH!5-B2$1<`,;9`'`
M:$E`<#K(1P%(83<WEB&7!YA-,0C18@W&X@*L("!K^0IX^8@&$(\,0`%UX`#)
MQ@I-"$QN5S0!HUP-:GW^"1;<$`(7<`$'\``AH!GZI`%ED`+@A3XM<`4J4%')
M804:D`'ZF`%GX`!/1`3T0T%!,`$$%I(B^6HD,`$N``,SD#/<P@'M4P4I4$`E
MX`,1V"^R&1)$01E2P`(*,`/PN"J\I%4;U@<8P`6DM'3#^74D(`4%,2`!M)/Q
M`0.I)@,R(!X$`!^22!(^*0/9&0N407T9P`$"L':?0(`V90-!*0$2``#V8I0>
M$%4N$"CM.1MKX$4H^/]%:W`#?5$!\@D$ZD2#*#@.7[FAWS!(QB!-T%(!*]`)
MN?5+;-DTKP=2#J`#*Z!5=9E0G>(1$#4#4]`7(>""GMH4W(`WC;4#%Q1E%A`!
M(&`$KFD5):`E0U!=4+`'8^``*J";7X`&`T4%2S"'XY<!"A!U>H@`"O!EB7(%
MV)$=1F`$CG(&K%@%#349RAD2+2``/C!JY\<!,D`I$2$1[1(1N4*08\IT'GD!
M5A`$W8%<OJ0>!%`!9D`#+N`"22`#9S>=($:G*Q`#*/!WG#`492,`5?`!7/!A
MW]EV#""H(:`!"R`".]"HXD`'%O``+-`!APHF/1"SD4>#:]`#1!`"XC1.[T#_
M1_N9")VZJXS@!@>34G(05/[3`,Z0E_;S&%*:-&?$"CXP`S0``U<`JTQ($S,C
M0*B0K##@!6;H`*93A4`;#E6V%1=T00"@!BR0#@TU+S,0!$E@!$[T1'Q``$70
M`7/;!(N!&`)0I*VFAQ>0!!0Q0A71!Q^0*!^@"N"1`2M`1I6A-$J4(SJ""T8`
MIE>5FC9P!=WW7R>CE`47FOWZ?U9`8&*P+3XP+SX0`_V"+DM3N):A"2=1`OVP
M``LP!2HG$*`@$U'82Q-DD26``@*`$TLX%+U4"U'P8:R@EF\'L@Z+!<MG"'\9
M#K[1`X:C&M60E6`26`/W"REE.G*P`QQ4%O`0C"_8_Y]C*PXIU6\*D`0SD`X#
M42F?4@H#\0I+F"-I^0F-(;_]9)?W>Q_D-QD2$1%J520$\&81D`!>(`,%,@1"
M<++94`?$<+[B@`1=,`0P8`-J(`4SP`)2X``.0`0CH`)5P`-SNP<ZT)TX$`)0
M0`1A$`2U8IGB(0`R@*1/IW]E$`53<9L)"@HE$`,K(`!`W$N4@9<E4"O*Y0$\
MZJ.3D`,Y4%;PXQ=*'+IWN#-B6@8(EG56@24?<`4:S`(--1YH0P`K1[M\H`,*
M``/%Q@+J:HG5]B\G,10VL69TUP<HD!\J\2U]H+$=ZR_6-A(J4`$A@`6'J4<H
MBTZ[XP'-TK-`^[,2S`C2I/\/!!,%-E`%\CLT\HLK/E"_*3:E&T4:^EL2GV(3
M^I,"&ZP;%_-@*H`"^ABS-^`"6S("U:`-".,'C0P.@[0!&J`"(!`H(X`%K+$#
M-V`#%$L%3M0$'H88)1`"(9`"B-%)W:D$[!8I'_H7I+N0'!`#1S.K7`4DP;L=
M&):G:_8)J9"L96`&'^IJ$Z9_?V&'4JR('YJ:_*(^:M<`+.`#23``G-0S,D,0
M&5`!"\`'$O#/?+"^29!J-I`$6P`#*=`"OY><K-``,!`#Z7`DI;"N.'''A9$!
M-G"\C;,,[>H)01D!([``VB<"A=P(2R$$8E!CM<P(C-S2O7$Z">`!A1H",S`#
M27#_4U:+(Y=,O\S`2P4JSE91$0]4=1CX`39`27)0,@!``5A``5F0,5C0`V8`
M`!I0`1V@%ER1,##M#7!`!!'`%Y=$`5_@RU+`3YF8`AY@!GXG`"D!9D"#`>G@
M+I3Q`4N``MPR"3U:!C&`46S%DJ/@>P$D`!?VS8\+)*1@!/)ZAPC)?NV<B-.L
MD/%3!A50;-V)"S)@`P'-!PI+`XY4T$EP`"Q'NP\@`0^P`*6HL(NI``/`(`-"
MT1DP`T.E`4G@:,&KNLG*`QA]L4C-!3S&QU'Z"7KB`2-PV@'=`^2P%#L@G_36
MTB_=TKMS.B,`!A7``!H,`PZYT_+1TYFL;1#)C)Y`&FK7_PG;;!C_$K)+";Z:
M%:+-E`6K`0<;,"LKX`)\TUQ;P=5=70YV8`>_,`&$100N8`8LL#@-D(E$X6`8
M(-%II!-\BP*9@#^]A`L^8`0Y8`7W%069P%OHZHB!C3X"9``843::(P`2AHA1
M+)IF!;J/G7X^BD>1)@,N0`,+X`1.P`>CO0`!3<8L]P(2L(6T^^,O0`*>G=DH
M``,?H`(^X`,*X`0\G@17$+R*MPD775P!U``,L`4=A[PDH0))<`.*I#<5$`')
M/8P:E-]_\-RU[!N[,XU[4J5K%`.G'.=R/N=T+N?=5^<7$P-OZN%_J",X$+SI
M]K\?C4SLV@=&X2<,(',LX`!`0/\$#\`'+LN47@`5O\>X`B`"'I`QLVSFBG`Z
MO]`#$Z".(1##_<)A4L`1B[L":FP>6?<H<HT1/DP`_:(H*P`#&\!)/(88[T%^
MLY"\_L*,&.":A0XD$*TSW+KBR*Z(\3.:!>T"M.L$.N`$`OWC/V[C_USM+"?M
M+$<",^X"-I!\O&8#+N!2-&`#57)K93/E<FJX#5`Q$PN1N\3'.RD+OZ<"%S`"
M7K`L<"$!8QZ#BKS(YLOIC$`=(6`#-C`BV-&V"K_P#-_P"S_"C.+P$XL"F0B1
MGV042>`!//!=[+K#(R'K?0``-J`"*G`%C(,#+'`#%T0ZP+H#F+'AXW<&"N``
M*A\,PR#_\(C`WV^0``^0`_2B-7/(2C$@$&?FCT4@HXW8$6MV!0SHPQ/KL89K
M,0S@`LE&=RIA,2;OIX2>@%72+Z!0!%6@!N>LXLE>]O`SFAK@=^-NXS0N[==.
M[38>]W(O]PM``@`M`3/P`%.P]UP4X#/@`S!0$S5#&2B@VU3.[E83O+:P#+)N
M"P4[&5)@!4A@`1WH-P"`\V"!YOE-'7`PF4/U<YS"KJ(_^J3/KD=3$:]0$:4_
M^@9A(P)P!<OE`5W@`481D1CHA`7ZFS[@O@+`*,EQLM];*#O@`RJ@!%]5Q/%%
M!(,4P3C/01V``%$0!%<P_;II$[']`#A0,P-1!/.B#/GS4'Y"_Q0&1``^0!03
M[\-5\.I4VYP]XP.9RU$!!+QI"BZ/PI`3QLYFG^P7P)!3``@95S8V-(8O3DYI
MBPN-4`M\D9*2AH8+)`L2BTX#$HDOABXV`A\E13]G16<,/!!G9WVQ!GT?#1Q7
M'RT"*R5])2L8/B6])0;&-@=(6`H*6%EP?]'2T]35UM?8V=K;U@`;"FYK:]SD
MY>;E;>E(`$%!23'#P['S]/7V)0WY#1\K/A_V]&:5(*"$P(H5"AQ0&"%GQP@/
M,7CU40*P8A\#Q0CP0-$"7P,41I($@9/ESITV=[+0J1(D0P,"*`2DF*!!!YPV
M?G+Z.<>S)[DU;MH,<8&&@4LE!B`8P/]Q`PJ4#$4:A&A0@H$(`5@S:(41LU:&
M#PR,^)`10\"^#"IL'(Q19<45*3)<R+4X;Q@#'Q@$E.A(KTB1$C[*("!QX0*"
MPX@3*U[,N+'CQPBXV&C1XD,&&4D.2*"Q(,T428Z@3)I4R5(9&IZ<\'F0)I&3
M1IEH!&&@H,(*)45B\'@%2Q8M6U=>$L!`((:/%;F'M3"F9(4-*2.0O%`P`@XT
MG]BS8_<&3ISV[^#_I$OGP<,5&00"&EO/OKU[]BWZ77QOH$41"'U:Y!-@X\:;
M'1T`4-(.*:#00!@=8904!`PVB!\]O50A`PI7K.#+$D&P`$8;-Y'40QL]E+<!
M#``D<8$&%=#_<``<.N44WHOFB--0!4$XP`(!$.R3PAX%%-!$$7TT8$(5*#"P
M@@H^^(!"%48J=\8',2Q!@'T9T+)"#%_I5\(_#51APPP3P!"/+TH44P1&)5R1
M5RG%]#+/7[UT6888%Y`@!@*%T0G9GGPV=B<"=)9APP>UE*!$!E4H$(EJ4WPV
MVJ.1E'8)'Q(LX-IK?*3!F002*#"``DY(X`,,8/%@SRRUW$)5"0(P((`2S:&@
ME`%*6&:#!P[\`80".HPPWJ_6R1'.'V^,`^.QY'`7CK'(-IN-'^-9P,('9[A)
MU[7VQ.>#,14U.%$#,%0!PP@95K!!%B-X0<$,+['7@(,.VL.`#!BP_Z`""KQD
M$(0+'@3A!1S511`"-6\\<$`$"DC@0#HM.NNP-6]8\0804_P051%*]%@`%2T0
ML,25#>"PCX1&J,$%#!F84AP&+S%8RT<K[(/#?,8PD$2C-F20`BG+Y=?'+@S,
M((,15U34$5\,E&&8`C1\>J<8>O8I-9]B,&-$%`S4LEX?,/C06AJ/-@KIHY-6
M&HDCB<#6"*<2Z"##;;KA(/<\J`)7#YK"&$"``?E($4($#L@!Q`$51)"`'#K5
M\>L:;[S1`[,/1ZZL=Y%7_@>TZ8R0A#S8=DZ/MDIURZ`O'U2!`08JQ,`5"QX8
MR<(!*_QCP`<X9`"OM_7L@@$.K#)0D`E2V/]@!0`P4."%`AY<%TT/-UC00P</
M;&!=PY8_''$/;P#`P!D-&'`&%07LX8'>2OA@5`-7P)`$&FRP\<061J"``@9)
M\+`"#J_@P$\,(>OCK@\N2$(%&*`"(\2L%E=0`>N^H0(8-,`B\BB"#<JP```D
M`&`CD$`.H#:U#CY&#%8(@@EVD8&]L><#-K#4"\;&PDF4#1)\4!L47E.)`R1!
M%.;+0-SFYIM4%:TNOAC.0.KS@2N(H`N`LP,%)D"X&UPN<76``Q)V\(9H0*YZ
MR)K<%;%X+,QQB%Y`\IP8M<6M:W7L`X?*!9`:L`%!`(`%1F`2`V``@R5@RU`$
M,-(9I`2/(J;`!IC_L0$+`"`%!1!A&FM(P!L.AP4D(`$G.N&BL^0P`3?T``M-
M6(%+BA""#A#!)7PSW;P"@`8RM*\&J`R`"L+@`Z8-\`KSXX$,8""WD-&,;S90
MP`+,8`,O2,$%*Y!!%!00@7#L```V4`)5C$8``1C!!@#P0Q:BB(018,$*A_F3
M![>)F#+,(`4E2!F#9K&>#[A@"JJIA-I@V,(8DH!2L(DA#%_S@DZYX`H9P($=
M&[##F?70;A!J@:N*T((^$``'4I`>X/ZPQ"&\H`.0]$,4_6`=#]S`#7_8HB3!
MH\6--LN+2+C11<3H.=#-XEKQF%(#6@`!_=RE2"[8``6LX$U[U64OOO!%_SP,
ML`17=4P`*"#4!T"B`@P`,@DL2`(8IN&&.;CA#1R*#N(BZ5$8O>$"XNC!%V+6
M`+^DXDSRX$$`VD>&&I0UE6A``(HXI8,D6,$&#1!`%<R2CUP4`R-G0`8`%`"&
M+L#!EP"D3@\2T($IE)!S`#F#ZH(0G71$,1T``!1B.*A-;C[F`AR(C%'.``%3
ML)1FPYE!&BJU@$HXA9TM?.$Z-\4''1P`KK5H@4N@Q`.Y^7.D/LSI?!I`G+TT
M8`DP@$X;`->0("!A"+YZ++3^&@$^4$`<&JWJ=KZQ+.G""*0L8.E)26K&?I3Q
M5%NCQP//@`,8'"`$7IB!"J0@!2]T0`H44`$#]O^2GHX5=&L"B`$*4HHOKM@@
M"CQ@0?H.`!WE42.B+=J)=<'SA@F(8PXI\$%4NJ>/F9VA!1AX@EG/:M8`>```
M$[B`#BXP@1)78`+^0($*OK(/JK2@3!]0@0#!T*$0#``&8!#!``CG`@'@"$<5
MV5(5*/!(=0"`<`-PP`$&,Y@+'.``=:JL914CAC*4@0-&$,!]..NM]93`!@"T
M@5Q<4%I'M/-L[R0M)#8CBADP`P97P$$Y:=%/NOWF%K(PP%KFVXL/P(`%6&@#
M$AU@`2FPP`M=&,$0D'`3)'2@)A1(P(*/U=%)?P>D,_A`Z+C;71]LVA[=*^/H
M+)R!`R@@!`I@@<Y<4$W_"22!`2P3ZDM6@((8V%J_,)A2RE+``!JI0+XL8*\W
M*,"A:R"8>I;&3H,??`,&0(!V%;;P&7R@X;.2H:P!V$`(.'4`)D*A;2A>`C\C
MLH\/&*,C)<`!"RK0(2F"89!2`,"'&XBC^P`$(W3L`D:1X(4;7.!/8B#!8"8P
M@$:TM@)3=@P'RN"#&?`"IW1;CU+R6(49@%G,:CZS.^&)*1<P`Y!Y:4`&3DCG
MVO(0M\!I$P-BP``&U+</&7`!!9Z1!<#E.-A#\$)CX1`!#1!:#LE^4:6#[A-,
M:WJ[G#::=Y$NWO`V*"E]N((50N```.0S`S9@-#)9P%61"T!))N1605AE+QT`
M_Z`#+L@`#%SP@'_=1#S&3C!5B<Z393,N0'A=S]Q<$8,`D.$)?M]PMJ4X@@KH
M0`.P.0`&H!VW6N3'`#[^(P`8)YX=#($%+!C)#G9`]147%"`0*$(#D5#%-CA`
M`Y*EK!@.L&8)4&H""6<,!ZR0@24H03_Z6<\#%_2@E]W%4Y!0S9G+EC9#'`!E
M/K[]28WQ#]K:ULZY-:@/#!J+Y91`!=*[R7`!\)`@2,$#.J?`!@`'@+\:F.X^
M&3KZS>'%$<P`%DQ/^MV\:Y%\B'J<HY,"%A+ZE2LD85P*D`(ADP'YA1>UI5-M
M4E`XH%X>D`!KL`$?)G/*X"MK0`=V$'=RUP;KIPURT/^!<C`..^!@C$,$,*`*
M*6!;>Q=.&A``3/`%5A``J$0&8O`%T;$`AW<`J'$`/$`*_,`#5>`2NC`_2^("
M(P`4?^`0U30$.[`&<V`'/=`#$7!/RZ1;.85U%O`&<M`&8(!ZAO%OAD$""1,)
M$O`"+[``"!=[B1$%'$`*=:4/^A`+#/(7?9`"!+`7OZ``C2)\9.-"F.`)CT`#
M0L-5"H)TS:<;?7!R=8-G!H4!>T$92;$"W&<=Z0`X.[!B*8!Y2B8&W-<&CY2%
M&YA^U$4YG\@3(<!GUB)_L2!GH7<&_5`"#R)&9V`,!#`#(_`"0:`_+!<#*8`!
MY`4`-P8&2X`H(^<@'0$`4V#_`=#E!D`P`"\`!*-X+)R8<[7&`F8@`E6G!@"0
MC;NC%0]D*"N`>3`0`NSE=EB``*AD5F@0`H[T`@<`AAJ0`S(0!G^17U=R.BPC
M)(2$!"VB?9+X*WY@`0K`1%;'8F?$#S"`!(HS7'BB&#DP`#'T`)Q23X>')Q=0
M`17`08KAA5*63=K$`0RP4B35(*\0`WB(3JYA*0LP0PNP0NZ4&F1(`[G$`";P
M0/=6'[H1B^WA%2>C#SX0'(2"`P`@`EC`(CJQ`5(0!/Q3A^$T`&DP+,\X7=T1
M74^)#43`"SV#BO,`"ZO8#YS%73@I`#/@!@Y`2[4`%J.B,U+@`U+0<BN@E`UR
M)@V@_P(W,`Y.M80)X(!3&1X<`@-J44L$T$Q<0`!%P!^QTX:0Z`5>8)0;,`1P
MT`4A0`$B<&TQ6`&.I`SMZ&1)8`-A,`P8<`4F@"/&@#Z'1I0YX5@,4YJ22`$Z
M8"=7)@/<*')7```3U098T(Z5)08Z,(9M\P*Y&4.DQ0?LB)':9"=0`W`!%W`D
MD`,(4`8?29.>(Y+AY&8SH#8Z\``TD)N<`@FK22DQ!)-OHS__<&\K=9.W%)HX
M$`5Q=@6PE@2=V0"0F`!M,%4YL0$3L)8A$TXJX`0.D`"/DY<\H7[^F0T>``./
MAY7SL(JOP)6]`8O&`)9(H`*X4`I+P"0`,`.&E@3XE`JOH/\4L_(S#%"$RP(4
M4AF@YM`&=4`!4Y`"X!1Z?A$%[U($!)`Z2Z(Z*A`$BE--"`D''J`!'D`!(%!6
M984&%M`A%.``5A"01I`!*[=XJ8`1(9-00]DB.#$>DOA('0($#O`G96`%46`$
M*M``*:``_[(3;4`!'@![)"!P)%!P`Q!B&N"0E5*&8K@`=9)-@!)P%DDG-J@`
M3_9D&J`!8J`&L1-_=!$O9S`(A)"H`70`,S`#-!`)+S`%)"`!`V`#`R`#:I$?
MSGDJX[D;$J<4+Y8!92``I<8!-A`$P<4````$'()@'F`%&]!R80`##?1<CC.B
M)$H-`)JKU6`>Q6"@!_H*%]$/]L;_7;+(`D@P`RE3`M7R3-X@!2H0.Z^@"O!W
M4OS`?4W%.-`EBKQZ#B;:!5\"`SZ&#U_@HJ$G-RZAG@Q@`S!@+)OG!CO`FPX`
M!QM@!4\`I!?0`1TPE$C0<TXF`RW'B*H@6SBPKE+0!5T@I1;P80"P(=9133<A
M!PDP`0"W<%;``$$@;S?A*W*P1#D08FGZ*2@R`"BB`RY43W0J<*D7LGSP*087
M0TS`!(UP`%:0#]SE(-5"7B>(@K"4)`,P`U-@J6J@`#-`)"X7:M]U-S9I*O,A
MDJ]0!BHP``*T`=4Q`M6Q`YR(8`Z``"+P1@PP!3>P`Y:DK=VZ#;M:MM$0`@!@
M;J>(B@P2_XO\(&%A1%+&<'U3D#7,J@0HX`+>(`)2,"7,REFO0!DM<`8Z@TQ3
M`%W%,@[<BK;<H`ZU\61)H`]18`KEE@\Z\V<AD(R-DP!$,`$1P"*UJ6$=!@)4
MRR$;H`$2P`(SN0)&(JX9P`.F=@`4L%QP``83@`9/L+L@0`-`(`?:!R(6,`$Y
M0!A/HP9B<*H'T`$,(44W,`%*I@`7D`-]BK(5H``2^0#L)+U/@YQO&I%EN&8Q
MJP,*(`,J4"8W&R^!FRV[8`-)X`,W%`498`+5QQZC`Q##0%M?41\,PJSXE`-)
MP`Q$D(6M.AZ*TR(><`$*0`%=H*\],`?&TKB..PUGB[9(8`,%"O^L'&H`(=`$
M8P`&;8LMJL@WN(!N>@8#*P`#+0%Z/)4!2?4`[$`!$YP=O](&U\F;-N`7!,`%
MJH`#RO0!P0A-7O`'X;`LC4,!8M`!VC<"!Z"[J/0$)##`(P"0+W!C*)`$`4PX
M%6`%N<FG!^`!"XL&YPBD3S``%F!-%$`!$0`"N_L$()"F("0&**(!S>`K`+,`
M(V!C-&N1G5`IW59B<0H:%:"<.:#`4*96BH*=L*$#/A`#^A0R%"%&M^,*"UH/
M);`$Y55[/+`E=`,O=.'"1A`$;!)Z81`6Z^,IN5+#QZ83'G``%J".2/!4<S##
M9AN*N)JKI3A2P-H'$(`#2M$$/$(%]$O_4B,<,H*)$5-2&:1#'P+%!=1K`6X0
M';3L$^/Q!SW0*7R@`5I&`%^``$%@A_L0-,R+!%G8`W)`!T!W`W3L`".0D%:K
M`?<:@R0`!C=P`&DP`9E)M'^Z8VJU`!X@`J7T=]<VT&9E5D^`!@'0Q@5=`P&@
M2W1<6CJP``-``Q2@.'`@`@E!<"(@3V8C`I"P8YQ""?!T`!H08@?P`H"J`1!9
M*0K`GKDV)7(3GI(\R32=O_%@!-7"R[=C$:Z0`BX@*/_0"Q.:!)0*`@K@<SOP
M!P1\FG*W`6;``C;0!;$\![,\S=A0P64;`6*2M*A8!"G`($S0(WL0`=PUPH6R
M''RC!*'GBK.B_WOY@&$V$`(.V`/68=4\4<UK`"II<`!0$0%CL`=4@`-_43LJ
M``:,=DD48!UW8!VUF1`X`0=RX$@CX`!^]P2#K`$6<`!.,`%B1A,@8%$CH`$@
M@`!H$-#G>-K6!J2HQ`;GZ#X3L`#=5BDZ4$^J6QUP4,4ZP(QFLY*^F0DZ8`6H
MM9)K8Y$E]J<*\`!\ZBDT8"CWH10A<UO/.<F\,=T7)KA[P0-:T-QORQL648?J
M<P`NX&(P(`,`5(8@4`$.``0[$+Q,G6`;4`':(]5(D%%V?0U8[9]&*![K,B6=
M=32HF&ZN(`4],@9$D'2ATSWXX65Q>%?,1SLI8`+8UP9K`"+IT*WBX/^4T.6M
MXP$$JBNU!-``X!,^'0`D2KH!U40!,.P!0VD=UG$`(O``+-*JBC,"`Q```0`&
M';``";"UFB$!+DZ['@`$8A#/"\UA,6CD&[;:YQ@`JT=P.J`#G*$#OSN)UUM/
MP%E/$?FR^PP)9<@I;4IB%?!D:_-_08!/P]`@O0#=Z8L[]^"*.;7)KT@/73D/
M'2$S?Q9`+H`#0-5*$`G;:)#>X['4Z?!4:\"O6>``,@#A4OUV]=T-MCS!:R"V
MZ9`%&Z!EPS!VJ-@]?@$&7]`$%I`"NTP7ZW$&`B!`-+")(Z`3&LBK;P#!V.,&
MU<5^.@$`*ZD`*I`C(;X'-\`@_#$"64`!J$;_M2S2CQIP``]`F[:]WNDP`4^`
M`-74!B'`1"MYTD,I.#E`Y*>=[=J.VD=.!@$@<!/`QDX&`*XZ`2N4"7RPT2Y$
M*21]W&;#QSMFD159`5$@!?9'J*'>.<9@*OCN+?1%*$'I!1Z0`QOP'(E9`1K@
M`M<Y`1:`#7?P!D+P!HTT!%B@`3;P%G<`%(S>Z!3\Z(X;Z4'1!GG,`#!:A[>'
MBDGA%S@0`D1P!96<[^J!$2H`WQ5`!.E`FJN>JPG@'XN;4;=,#8F#L@M@`Z%)
M!7O0!(=E3B&PL,>5ZCF1D&WP`")`8ZV:+AM;XQH@15'%1`-0)^D-!S?P`*44
M@]M>]ML^T&@``@&=_P,+C&"UZ7J9T#:N)PFN]P!5C/!P/V)V#PF-D#`:((`B
M(],P+T;[KLOVX._*%`//@05U``!E4`%@X`6.=`,3[03MB(S&%LW6A`5#0`08
MH#I2T`;PZD@<KZL>C[8@/Z7IE;=U:*`I[Q>X,;>#'W$&,"\'L`'DWJJJWJT[
M_SC>D=_ED#@`0,>*QU)>G0H9``8APU?H@@1^)5%U4`>8LW.$=P,+(7YJ[RMV
MO"LE/;UHH`-8```5$'@+;?;F3_9&'@!)P"'2GQ-RH+HT<-16P(PNM#8Q-,<.
M>;V0P*>)``@2!PHV#3@-?8F*BXR-CH^0?08&/)*/$)A])24-,5Y(2'``5O\4
M63TC0P\'9@M.`2)T?[*SLDA92$-P60D1,Q@,&6VR=[&TQL?(R<K+S,W-`!L*
M;FMKSM;7V-=N?VW=2"DV,@2;D>5]..@-'RWLYN[EDP8K1BX'-VUP<$A^_,+9
M_P"=N7FSIH,'(-2J8>/'#XX$"0-\;&K0H$21!BDRL`@"!U^;4`P_=LM'<D2(
M`P<&#)@@Q@&H?".``*B@80("!`H`>/&`@`R9&CYK`!5*=&A1HT2?_"3Z,P>6
M$76Z^8&CXT".`$^>H$&@00*?KPO"AN4SX$"%%QH.2-!Q88(&/B\>^KBBCI&!
M=WCA4;+D"!,$32WZK&``)A2``W(29Z%0H8("&5/_0-BX(>>/PED[X/Q!-0(`
ME3UC1`Q!@@].Y8"H4Z.&)HV:ZM>P9W7S%D1&"0(M[N9ME,X`142[=\<K`0-E
M&X;(_<5>[FS-&S<=`"1P?MD:<C@J-3`HPNF+(1P9I,Q`PLU/U&YUZNCKV&8$
M&`HCY`!YD?+%@`3'0[;!HF"`!BL14!`!''5$$,!00?FTU$]+'044&4]@]411
M/SUAA1DC=)/8`6@T"-03)'@EEHAE53#!`1,HT-@@:@U0@5DP'&(`.7THH5MP
M.$Y2R8V,^*5("Q_`X`(%'AP@1@<4])!%%A$\P`(&'2#@```]K+%#=3N\\1P%
M&:2Q1P$%C$'!;#N,P-R9_\RQ-DUU:+:9S&QD)H""`$J,@Z,B14`P"284W8G7
M<#!PP!%R(;EI*"W.S4'-'--D@QP2#KSP``W;]=%`!DT`P`(`(V0Y!SXC6$!$
M!S<X0,,"`!PFQ@"<YA,"6B*,L$]('3E`$P!(R(%$5'58H910$`++H((^*14A
M&FB`4($$&H#@85!//``?D3UY^*$8"D@0EPYD7:"6#AJ(8:("56E0`0<5E,$!
M"^H8T((22EBD1`LE^)F7CGPUXJ.E)2CQ`0,N:&I%?Q3L@,0./021!A4%[`$%
M$%5>ML8<;_00@@HH./!EPT"T<<<?6AXJ,C9JNC;RR+-9IO(5#!A@YYT&%)%G
M'_\0R/R7O>;$TP?+8Q+:S\EMOJ'H&@-1\X:C#,WJ!Q8,P,"`"C!\$0(%<&1(
MP0(HBB%&#B1LC8#6("!@10X:(#'""/J$<`^A^^UWF`A/>>3'*#H<2`(`SOJ$
MA@@:()L#UUQ_?8$"(DBJP8%(,1A```D&Y2"(<'V5E@XZ>*7M"W$]P($,,*P`
MW@HQE$!OO4O0ZR[.[^#+XR+[SJO.!X;XP,$&-^RPPQ!R8)$2F&'>(#2BG<+`
M@G=!-`&:")D)TPW0S"=3,IO-,Y=R0FN8$(,F]6HB7`@QGV,1=ZA'$L^,&%@!
M1AT^^Z%<]*]-[,8.LA"]S4(,\8H$%E[0(,406KZQ0Q;_%@"`36Y"P`)^+0=?
M(P$10O&2J<"!;1V!`Q;P%S>/>&``<@"``C9P/S-<@`8=\,((0(!``^8@6V.1
MP`489RVF-*B%/T$#MVJB%K$LP')P.4`5R!$O`Z`@!@10@@!B<#U-K"Y\CE#=
M)3)Q&R48(@-]4($,9``*-^1C@@)XP)<<%H$U58-H0P"#"@S0!"E(@0$/`$`*
M.C4'@VF&?>Q['AP/1;T1!$$%*4!$O?0TOGC<K!&(^".-4$>1223"+WHJP0<R
MX((+=&".AJ)>_*#7C.1$$`X6L,(!++`#^(S``Q>X@`$-*(:;(%`,)*A`ALZ#
MC-E$)1\4N$`2%D`$"L@A`12(_Y_*>N"``VB`"'"XB2@+2`(42D`L%V@A4Y9Y
ME*6@00,*&!P?Q@(6*!PS#1'11!!+8(`A8N"'*T`!!@R!Q$?([`PI,``.#O"%
M/T)BD"E@0*H4P(TVN,$-B0G"#+[0A"9`P0(5FX.B!-H9`*A`"B$``Q@LT(-[
M6H:2D!29'"-Z*#AT80,,,,$'^H";/HZOG'_ZJ%_R1*\,;!`.$*4H19.#/O7P
M@01=@RE,O3;*4=)4#!,80:&0@9RHC(`&%TB6$R`Z@:Q,P`TCT)H!+U#,:1XS
M+"!`BH.FZJ`<#$`!"GC`5[;*!RA`X05\F((",$``3:Q@!>-8`08RH`X<R""/
MV0.I(O]J=H8BX&`,8(H`#O*R`A9\\@#<B$HUVN``#TC!#`?P`$'6T(,>)*"-
M'2"<`]H0%3^H-*(3O2R:S$8!%ZS@"A]8`@$\JC.YYDRD$"@!!)SX`1?,8`33
MT:QL_Y`</YS-"\(LI2B[5E-2RK24"`!`?M27C.MXHP<42!)$+3"`""2@!U$B
M00%1*0;+A44"154F52DD%`L]A`\TX.I7O'JJ!VA``+D1@`\8X(-?$``'2UB"
M#>BR4=,JPA`-*`(1-D:%%.0%!RZ`@08#*XPUM&$!&M``&')!$CET(P$A\,`"
M1/`1TJQOMD#++(9A\Y$A>.$`,V!!!CY`6D/:5WPF5H0!/D#_G!F$(!0$V;!*
M+5D'"BB`@,!%P$Q[2\Q3(D`""4A.<?5C83=$3!D[<`-^_)-CK0TN+D^5@!B(
MM=WM_@0$`]#6=[FZ`*]6)0FVZ4,+!"".NQA@"1G(@#C5`9P3GV.O&\!K`6Y0
MWW=@A`7UJ*=#W7`#,,@*%$A(;J`=H(->`@$(2KNPC`^EX46G9CU#&$(0-L(.
M)6C/78'AIJ5%9XF[!,;-G"Y!"E2@DU"`+*6.7@[UJH.<W#F`)36%*8][C(!A
M5@`_ZLL2->8G"_7-ACVZ=HXQJ"<TZ$R`MPA`X`%T<,,%3#,LA]-NE8%5`S0<
M\YA@!<L-:4`#"21!Q&>01`DDL@E._WS@"C&@"UO=;(F]-H"?03A#7-VA3AA@
MM0UR@$/11A"!`>GBD]P^K!18(`5<F6TVEDVU1*.Q)H6G!D[K`0,+;B,``C0@
MT^+.^(PV_C+[EI4`BWR:K);G<)$!@9/"GD7]X`!4Z4[W)EO+,8^WQEM4*L`#
M%+``0R=VM%ETA`(;P'E'LO101#EG3>\;0`[$P%0T!$`!-WRJL[>Z0JE.VX4Y
M^,JIIOZ5%X2%!@<(\!G@M0D,K.#3A\A`##"`YKVZ&1-%.`-%9K8;>N$@"0?X
M]942```/P!(`&G!!$!0@!1L4'`@P04[)#=7HQ5L#3FV`WPX.@`(45`$#51#`
M.2RQ"0/8J/]>H\V-7'WDK@\(``,Z&;GC#]6D(ZO\/!W0;0%#^36:#W/6)"@A
M*@=1$PV\P'<]F,4:^*V`050@`FVHDI9X7?0J_:$'0!!#`)"E%#),H.M\..96
M%X`6-%S=04L!P0(J1\VO."'J"@@"#C9!+R&B8`6:6,(',""#*BRA76XV0,TN
MTH"_^/=>%V$#1C`2&A(?C94%=-!924`!!P`&`#`$72`5A+)Z:-)X%+@,*?,&
M<E`E%N`#L!,#:F9V!#!:=T$`#,``,4`GXS!OX>,CG-``;)<8/:!H%Q@;C>5Z
MO08J.M!;N?<WR#9KI@0"J'0!S%8Y3C``3D`!U1$"&N!LQY1@#T#_!-/`?,_1
M4/(3`=['(%DAA"_R$%P7%B)P`!/R?<V$!H33;>*5?0>0!`IP!9L`+S-2`AAP
M/24`7S'``(L$.Y]F7YF0"/6"#KN1)RO`!2#@`?:T9W)`!XIX"Q:@`I,F*Z-!
M6::A>#48&Q98B<N0$-.@`E>0`3*``BS`,E7P0T1TAP0@`%6P`OTR.D"R47OD
M49TW"=P4&+DA.NX"`>RP"5<``SM0&<R'B;&!;]Q03[_6!D0@74V60"X'<T!8
M:\F&4U\W=?0A`D0P@]UP$I@3%F"E`0AP(A+@`=;H`<QR`"$@!QT@`=5"!F@0
M.*C$%1*P==JV`(QC=58&+`%P`'R@`TZP_X_YN(8SH`(KT`!*4`3TDHL8D#T4
M`3H<12^24%J14&[U(GKZ]T>&-!']%W<I]@X$V0`V``(1(`?;,#\*H8AR$`(G
M`A^VPQZ01X/`F`V7V)+,<`,,@`,Q``8;H`(EL(LPL),"()`?0`"I:&FC0Q&J
MY1<ZXRXF]AL-X#0?`#M]P!UY`@$J8`%X`)-H,ES)41HB4%.H](/-6$!<TX1<
M]Q40@54B4(Y$H`'DMU4'0`*B5$J.P8VEM'05($H*\"M/$#;`I51=L19;]0+>
M1VUDV%T7L(]IX`1P,58!20Z80"\;M0(^8"=U,D0QL`*I5023@)D-66(S,G;T
MT@!^E`GQT">H,_\C)B`%:@``&_B+LU`Q'N`!J&:5JO&2LHD,:Q"**^!G*L!6
MO]$'B]0O'+5#-`([B!"5ZN2;B-"4EI(!56!X-N`#*@"0&9`"`H`#F%`%%#`'
MM;D<6)D<9N,`-N6#,O>5-^&6"N!U:0@7"S``E=,?S\:63$=,2D5`3$4"&J"%
M(&`%6K.7)#`!7B@6%;`X]%AE9/!T.I`&4^`$QZ0`*_`!./!IF!"'!(`"&9!I
M+5!6.;EVE7D%EF)FG!F'*L9-$_D7?10^\S(/:@`&/1!CMOD&U1B;VPD0M!FC
ML@$`#+`"#P@`9W<&/'H&[^*4)7"C)3!$<[)146DI.&`"3O-9.WD%02#_!0?P
M"9\P!``08BP0`PU``"L0`C!*H\W0G0S1$7+P`C"W-7\SGN1)0"2`C^@)%D]%
ME@^A9<RV53912L`E2K>W=#?A+#4P?3;U-3B1?>.7$A7@`580F&1(!CE@`RQ`
M"#9@`PK@`P(06GLH"4*$`0(@.K,H.DJ0`0Q@!!60!#80(R*J?R76`O*&G.I0
M5BKV4:A3!'T``S*@!F:`@\,&73WGI9;(<":CJ\-6#9VT`2Y`:B90!1\@,WD2
MBS4B`)8W)RWP?DL0=W^!#B&@/R$0!!L``U(@"!H0`AJ"#Z,!!S`0`^#!`F_4
MI;YJ#,.5'F$*!R$02JATIH":IJ.42F+!5>'5_W5:]1#,EFV2XY7,6)YUB@81
MXHSQ.7M#F&`7X``:8(ARX`#2!GX@@`(V,`-54`4W"D5WP8(E4)DLAALB6@(9
ML`1J\0(*"F(<NB<EIJGLY0,46E_9XZHX0R^G20*UV@/P8YOW%%OI.IN\BJXM
M20T6``1N$`IMX`$L8`,`\&UU=08WDY%GQ0X3:A%U]0$I,`,28`98P!ZZ@`5`
MX`$6L)(,`0!7@`,SH(16`K0]BS90,0(40`2E`0!,I6,E1*^S=@':EYYZ*UX#
MX(PS5P'2A087,)\S%Y^Y1S@D804/\B##TDQ/X`,:M5<.62.^R0XHV`B&A`,I
M,`'<<G[1Y`,Q4">SN/^"+M,"87!Z#*`$.%`%,1(8%W=$,PMRJ.D%<L"BQ[!8
MC=*SJ3&CLCD-_4,>%M`!\\4"#L@`H!6SJW,;*X:"FW`&^F0&\,$>ZI,/W)`8
MD&<9;0``FK<"02!0":&[S@`$`R`"$?!3`(`%'G!CTI5[RVBWO86W8[FW>MNW
MM\>#/8BFO:54L%8!E($$&S"/W\<&3[`%H)4(>\)$)?!9H(,;EJ9B][4"-I`2
MV><""O!MG;B+`J`"-O!^9_5^G1HD+B`##""0<^5..*.Z55`&&=*KJ^8!-_"]
MX!L0O&N5U%.T<V`!3F`#*8"CG<$"22H)?6C`[+!B$RH`19`!A_%(LI`8PI?_
M,I"W!GBP!E!35BI`'6J;KB9Q`Q+@'E[P`(1[`7KJOCP&O_);QBH$A%KC&'*+
MO[-FIP,`$PK0(2\DF$3!!G8\DP:,2(D`F3^D>4DDBUD:`W@W!2[@`I`J`Z(:
MJ6P(J4F`5I]I`F)4`3P0D"5LPG>"&QG``TG0$;G[4`F1`%=BNS'LDC\;P]^+
M!,X1`0JPD]+2&5*`#A.Y".1@;@1@`V>0`2XV`HUU-)>1;Z6!'&XP!W@P!^B&
MBS'PPD0SRLQ@O;GBMA4`%P_1;<<FQF.<MV6LMPLP3/7[<A-``7-SL.2)IR3P
M`E`!!Q2070^"%53%!FJ@L2/Z%ZBX!#@P(V+69@;L_X<7JKHJH``NH)8#\``Z
MH`!38`4#(%8H`@,R4X?V5@$V@`$^H+$T$\3VL@D`HP!98!F\MFIKHBC*_`\S
M3,.N<1YM<#6L@@!>X`4&E0)A4#.D-PGJ<!N5B0-2,";"YPS>NQD```,I``.T
M<P&TU#$L&<,5]A',Y6PWE&T)EHS4_#56,'[7O+<2H)]M+$J&"`3<Z+[#M,5G
M,P(.``+3=S<5H"#4Q@8!8`2(@)1^T0)J502X$1RB`YD\4'])\&US;0,Q@-"X
MB`,PD`3:D@8T8`,:FPD]F@CH`(B/`,LKEJ7NX@,Z<!APD`L7'3]S<`,#<"62
MU-$D4\H=_2CN^@(&A01",/\%&?&4+>T;?>"C`L``X2`";W0-4&Q@2``&+A!/
M'=`>(R`"]Q#4X#L;#H95VF(N%6`%$\"YT90#\+K49,-]\?O49`EK;2P&!T`@
M1+#4.N8`+@$J7H"^-S>&#8(&*W!_)$8OW"'>*%`I=T(.J?VI.9`$0<!6HVD"
M`#``1ST%#YT;B-2'%&'8CE!(%+$.QZH"-W`8=)`%3-R:%A`!'(W9,JK9RHP<
M:+,#`!`"4S`$(Q"=5]`">CP^FX"+?:`1#H!2V)`0%690?M4&0)``9Q.V5[R=
MQ]$-Z<MM$E`!S'9M7D<#QV:GU,QT[\G<XH5=;$Q*?N<06*UC%P!-:%-A#A``
M%:#_.P@``DZ7%5:0*C9Z5BN`7MA3Q"R(%YV7&T&0!&4@!BX@!3"@>7IR!3(@
M(EB#A^]LE"Y-FI@[/BT`FO*@`D(P$U[0!B$3/\N7X`I.RJVQXC#IG:)PD],"
M`X#-@CKS`;BXE"J0(0'A#2C-083U`N:\`&;2YX$E0<NF917@A'$*$75)74LM
M!FK)XVGHXU])ZOG0`=N<IFXI`?B@/AY`L!.0;V<C((0F`:GRFANPT^G&8B,&
M.EF.%Z*7P%%@IV40!48@`&?&`GP=7A+@`^IPWQ'J48_@4>H@`$,B!$Z``!YP
M,,$7/R'9R9AN#1_]JX!^6>G3`2(P!0Y`M*(PPH@`L@WY_SVI)0!2@#9JNSPC
MD0M=H`^1!1\BX`#AKN#Y`"E9Y74+,`'79=1D@8\QWH[S^N,O)R[G.75OVFS+
MW=P4/_&X@AUN2:_#E`/=W`$=0`3.$@`3X'>4E2'YD`7M,1NR$@0,L`3CNG;B
M@'%Y$9$S`@,\0'L(4`8HH`XF(`.L<"H#X,-B=M_*:B.5.@Z?F1N^(9!78`-?
M`$!CL`=-$&D=\+W5\!SICMGG+NX-5X/I,Q4L\!`W4+231@"ETW$0X+2)D-H>
MDPT>@0^D01+XH`,=T!%$L($$P9H]>XT','XZ$!<,'[]E,4U\<``Z!LYI"ES.
M]@*'[W5@Q7U0[=S-"%,A\!0BT/^^].ITQ0(4U946#@`&'>%K+2X;2"`%#'T%
M/6EIGM;`.((#-C!,).`"Q@O!%<`*W'<`41`%*_#.E:L]Y;8(ZS":L+,$)J`"
M/I`">6`'<D8%0C`$60##Y2[##*X-7U2)9U\'D*+K;_`13B,C>X0)<M\'J0T'
M'X,-NF#.#C#PA87B2V-AP@#*Y+[;<"`"<PH(#QH:!PL+?(B(`X6'+PL5)&((
M%PB5EI>8E6)B%9T3@QH5.@\ZAXFG$A.2F9B;E4!R2",:8A>KK+@D`60UO4\+
M+P,+"@=><'!^R7YM?\U_<$@;4QDK*PT-+08E)7W=WM_@X3@,)).38@Q5-C1F
MAGP#$@K_-@(E+44$."89*A@PVV'?"#38UF#)-3`N/'@9,>3-G@(%J`@9`F>-
MQ37.,FK<R+&CQX\@0XH<*1+`!@5N+))LAG%-#XPK8\I<J:RF'SA=*`"X\:9'
M&R\K8GQHT0V"T3,0N@E@T.9.3#D6:"CPI&"`C@@>$K396J?'@PYO8,X<2[:L
M1C@A%""2(*$"GP4TW"5:)`&1#D0:*.':2Z*"H[H2#DQ8-&C`BU.H5.VUM*G6
M`B]RX'B(M'AO#C1H`@1`,R`N,'A`X+11MM69G%@;9OA@\*$/@7KA8LONTP!&
M#@1B<JA2D,2%#L\+TDA8D&0%C@\,;+BP<<"'#>=A,GR#S<`'_P8;*DR>3M"E
M!Y4]>\".R')1I=GSZ-.3-(G2/,F70`#T.*V^/LBM^/./`/+R]%8O*@A@0!]&
M&?7-%5*,(`=';FCDQH)_C.#`!*.(H($"&"IPP044B-;&#D3P)Y9])*K7Q@.%
MO""!#A48,AQB$FCPXEN&#*!899H@<(`.;"%RR`$JQE/!`8:]920?.MB226.;
MD!")7PJ(0($LM^!XR2UBD*!;(X=4<(.'^3&SQAO'>.$"`PW@<,5J2G`S6SA)
M];$-#"HX28("(4QR``V_&7+(7178<,455<B0A`(2T."""TE<D4$&#7SP008?
M7($!"U(`H.!I+L'10P=.=-`#$EAD\?^'12F5J.JJ,K&7TH@CN4%!&CV$T`&8
M=2S#ZJX;K6$'$2M\4.`99_0QH)P,;.`&''4TBT0;2"`!!Q9@P,#"#`!@T48"
M#D1@P0`4K`&$`SH<,)4.'E`02QL4W%J'A[S&&U("&)I+"(6();+`!`O4I6^_
M&E12#B9Z(4`"A2J:XJ,&"0<S2"'#]<M'*A<2<L#%&!\PR`0'//"6`A$<4[`Y
M5C)6BQA6K#BQ#@-@(9I'6_DA!0OZ`&`##$,9H/-L:1I08%(K+""8!`YT>$`.
M5I%R2AI."%V!$56LX,,4-,3%9P48'.`""QY(H8(4'C3(T1IS[&#!&_*FK?9&
MKKI'DDJUBJ#_@*9MO,O,VJRNT<$*!![E9C<9P/"`&_D1OA48``#@:!`N4)"%
M'&[TT$,":T3^AQPC+`#/Q41@(<<+(HS0Q@C/XFUZ"$,.,`"B4>;K([_^^EC7
M"PI4LB'!FQAVF%P3/U"!`NZ\X,@!%QP0L2%$TNCG\FJ]I2*2(FP%R8:25(FC
MDG=*\,(#`U1@P3$?Q>P%`#Y4P0(,K.F\LVS7^%S$^QF@@`3F(]1?QP9N]:ZO
M$\(1A\(5)?"!$9)0"AIT)@5#\`(+;#`E:<&A(W-`E>DF&*^VP2HD;HB@2V)!
M`1UL8"NEHR")[""%%2BA0.`P0*5HL(,PX<<#)IS4%4+W.+21;0=N_WC#:4:@
MD\$$1@.:$MTQ2B-">;5A`SMRT5U<]Q;8G:(1I=!!;K"4FPOPX3!L.0QB%F`%
MPZR(+7#1`,<0H0`-&()';$ECCV@TL;=(H`V2L<)M2I8)6Y!`12@Z``#@B`28
MQ2Q:7>C""(+`@C:I;S8Z,TH+#*("&+0!"Z*["1SD0*2Z+!$1:5`1`HRP!"44
MH0\?4($":$"D$21`6A."%APAU*L<IJJ(L%2/!6-BD;!$!G-8$$'1^AA+$WF`
M`01:GS<@4()*L0!,^.G!"@A@@#3-``R;FD,/YO`&:JYA!])J0P1&:0@:$&$#
M,A+&"^13GE/U4B9NRP@<.J"`4;1185NLP/\:$_&\P^@@+YJ0A`;6LCQXKDA&
MP%`>8`Y0@0E4@&&\<QT-WOF68XR@`SH@P<CH>)L#("(8(7#@W3B"'S]$ZZ,;
M8,$V#BD;%);@"BS(UB3A,((AMN$&0I.8CQ0P`=QP@`'O*P(.6$!`'5B@!SH$
M0!D'\"PY;%0C<\C@J])YSJ:&9):T5,EH1K>B"/#2J66!`P54P(`,M*`%D9)3
M/0:TA"ET"`[89&D'6`"!9C;`!44M9WE$PU)(8L%E<``#D2:`*`WHH`,YE"!6
M/U*>"S9##N"LBSO@B0IB)/1(O:M`#G)P@2Z:XK()C0<C].6C0]@(>,KK9T(5
M]L8ZP-$"(YMHC@3_5@Z#"F,!'CL`$*:J*X[BQ[2F10(AO4K2V!0!`D4H@;6"
MT-*8U:VC(;C`9=^"FTIPP`AG>%\#C."#`4A!#F^PPS9?4`HA'C4CM41;2L(R
MV/)V!*IC(8T#-O`R\Z)S5".P%@PRL(0E#*4%S.P##@2`G12$8`-G.A\!)F4#
M!0RQ(W#$`A`\L`$*)`,+$7``92^D@S)JX`8]B("WWH`V]V;$FDQM1AN`4"0F
MHF(1CY5=C:;B1A.CPER,Y>P"+N3B?,&690<0`31&,P"2Y2('DK""%:+T@.&\
M@$@AJ\EWG>'"K:!%!=CH;3B*T((29(`%"^&P3911/P#(:#@/4,`<<:.!_Q2<
M(06)2T(2'"":'@"`2`>X01N,NF1GO"$!'N@`$2;780^[%[TS448=GB4+P_JY
M(V3C\!I"4#4`I&`@7VUK"9:@IBHPX`HXR$`*8%`-%UQ``8-&@M@V,LD-%$\#
M'F#I"PPZ`2L,X@$A<(`%B#`(!TCNT"QIR:@ULI78U5@"*(ZQ&_LE/+_"I<9K
MJ<``3&P*#2P;V8G0WK'U>%P*7&!@2SK8CAZ0QQ4]8,8Z6`@R2(/@)L/!"PPH
M@?J.%9LJ7Z%QV!W3EI,!QQ'`XXK<&[,8/I$$520A!6IFKZ<\P`<+Q-N<')G#
M'"S@A#+RQ-"XCB6@94(:EL(QXB)90P*HR6$Y8/_!`S.X@A((T%8#M``'M+D&
M`5R#`B/(8!`*T!8T_(B$&VR@`]J*5@*6P6"6)N`-;G!#!S",\$,GH`>G,O3H
M>`1M8&_6=<1FB[&UZ&)#X(N)AR#ELZ$]L6[2U`HA`*$';N>*?$Z`+7?1W`2>
MIT<PP''<]"YW?IHA"S2M>S8$6`&6LU`1+<\;6G`0@27;J23<.&D2M@#`"BJ0
MA/',1W)R0+H=/&(1(@S`"0<@PBLQ[M2)QV3N?Q`3YPF[!CS884RA;T,'9K8"
M?_0!K!^XAJ2N$0,>:%8'QQCTG)WLPM"O`3\BWLJ"($>V\KPJ(_S9?%,!8('`
MGFJ\25<](3#$QD.(UK'_3^2=8OFP3Y6YSA'N2,4E\_4B<W']HLO6&#S8/#HD
M2$"B![5%EOC5QH11F&ASOESJB4B2.<A!<7?G#3O3`/N@*0]T*M349+MW(G5!
M4Q<S,-7C"G>2`BM@!"Z@+0O(>Q^Q39H#``<X>LMW$L<'@D7D!CLP!&NE`@!D
M`!D@`#!P!0U@`@UP!3*P.A,0.@I&`120`'1%;O71`0\0+GW65#]W36>3='/E
M`9\`"DA2"A+@,?]"8XE``W_!!W$Q'&UA?4Q$`_X2(^TD;,[#?5L';5SX`A=B
M?2WU+@`P&+`U8Y1U"'7!)_UR`!X`!/7S@65A$2%02"2%%-KP`70"`)3S!T.(
M_V`>95%6X0$.<`#6DR-6L`$94`5&0`-RYF0^N!'LLHCQL$=U1H(3Y'F>J#:H
M$BTIH`(HH`*6!@,SP``FP`!)8`,\\@D+4&$7@RX*<HGI0001$'1S4%Z3XV8)
M\'QC@A%(0`I%%B-^82.:DR'M9(;"H"]8R".F<#%%ME!0)VT:DS`F-@"A,'[(
M!@PTT")LT3$>8%0=L&Q.>``(\&Q6@R0*P%YOUXFT]`=#P`+TH#[$TE8$P``S
M`!G%MVL(5@<CP"=2PBZTL"2:X`/7X`)6$1JB@8OJU`'AI`.8(X^AJ#:@>)'Q
M8A%)U0/0@`1#T`72@@0=,`RE0#N$H$;($W,0>1YC`O]T`-E+E2<?#9(2U/0'
MW*(63FB&%\!JYI(A!V51,$)0$V!0%L,'1<9LX[A/)\E$9I@BYT<C]_07-$4#
M%-`&1*``5$<*>%1D%P(`(?`N8((>%C$"*8`!&<`-!I"/!L!I72`:U!23''4,
M#R8M%#`!V'8)5H``'&`%D6(#\:!CH]&2P0</&D`$S&*1&EE!(AABB[DK8Q)!
MY.523A8!9XB,QQ,CGX``<D"8O7(1(J%A&318:),`%M"+E9-T?T`!&-(O<$@#
MK^8O?D*%X9<HW$A0B)(H6J0]LNDGG>6`WQ90KE-&OAF5.+98.$8$(R`\_1(Q
M;[$ZWL2#,>.9M`0Y(Z""`['_EDC1!R\H+1=!7O<!0D[&4AIP&[9`"6)0!AR@
MGCRP`BC0(E8X/TK6$0H"`)\F`AN`!0WBF(_)*AG9GZH"FDS6>Q&@.05U4%K9
M"0!U`'"GF*<"=/SI#!H7+A#G84A41L;3G/N$6;P##.4R)'R@,5]T1AH#/,#0
M3]IS,=K#=$QD+MX7E8%1"$]482$``,]H"JLC`0!`9\H@&LWBH"O1!B%@#<:R
MG7W@@FUP>D'J,GZ0*_3&!WC97)50'`S``"B``2L`F$@229XY9T!`E.L(`#C4
M`W()H*KRGV9J1/CA'SU@`3=0+L3#,;.C`R\PF+5%6*]2IAD!H1Q&@K-@!5F2
M`_*T_R][TD9LE`BA8#SV5P$/H"))<G@'Q5>T4P&5``D3(%06!88MPJ+G!PR$
M\$3:LSI>]C&#8)7/XJ,]*CK\EQYPH`(ID`T&T@<90`-RH*0DL0,1,`);EA:5
MH(X(8`4PH`248BQ]P`#`HP!R-I]SB3KW<@$:0*;#F*:\@J;2FAYU\Z,*Z&1&
M)1I```81D#+1N$?4*:%`%:&YID$D"`?$$`H]:3R#,(=IIS`VXDYM=$]#$B,2
M:"=9(@D;$@EB$`K`XVNG,!A4UZG=4PJH\!;J6#P5X`"Z&B9.F@P28@&K2A8;
MU092``-]$R<I0`,]8*LC`0`A8Z</UF,5T`%6L"'^T`!R8O]R#&`\"O`]RDIJ
MCR0"5D`$>*8!$8!AX%FM9]J8%>JSYW&MS=(L6_:0<Y:82)``(7HACN"!R6!:
M(7$#?C$N>MH,07>1<O`(+2(8Z\JO0P)/CT"G+Q*O!W`P_(H+36(.FZ`#]/I$
M?%!&+&.-W_@6A/`\J,`B?C5$1FM:HF%*'O*EJ6:M&;$!:%(@`\(`'4"(A0@2
M7C*=/2H8$[`?-]`<KS<4!!`#2=`T+0-W=YIKOP<M,/4"<J``5E`N`-"X0BM+
M0+NZ6!46#F`+[10!<#1H?(M,2``&1+"&$^`!'B`&$M!@?#LZ'1*/%P>"HP,`
M!\HP/9)V?-5&,6)&PY9&&B-/JZ#_6I=`/;7`J?3436<GL%CG)X3P6(<P%1>@
M`RU%5UAP`QVP`1[0/:("="7B9%W``-;P/L*J`EZP`_)+$@M`.1&4$5A@!22@
M`UO!0S-``&<0!C!P`+T1#TZ0`&5:2Q&$!`;'4D22."+P:76C#*[+NNT1M!^\
M-A8!!`I0"Q4``-E$5P=\7$1`2H2@3P83"7R@@PYIF3:\`10+I(/E9``@!O`0
MG'^Q:J(P#"QV9$&9%Q-POF^A%]AK"?UZ4*4`3T,L&$`"AC/Z#G[E(ULD&,ZJ
M*1V`%6&F?O<4`8)E'_0+!BR``U16`F>P`OMKKAI!.0+:#+.0`YPH.@"``AF0
M',!3+N@2_Q:&53D700$#T%(CH`.?P")W0K(CC![4^LCR4CEA$;?#<``4.VZF
ME88CUDYN6Y[75C"U$`DT\&9HD`,@8",`(+7(.T1(Y`ATNA;<D[*V4)1%IJ(`
M<U`/('A.O!A98@63>FR=]80$)1@E5G5W<;=P(;:SN`AE1`P8$LM7Y`2H-H+U
M@1^`I((0<`8EP(\48,VQ4GP9T08(4`&S-57QY0)#<D]7!`1S(,%XZ@8.H`!"
MY``+<&WW'#HU(<EF$<G\S"L6T0-$8%"73`0@U`$`<)5PQ)IHM"&DA)!0C!NN
M=E;I&@LC@`5>EB1%J96Q:!4K0E![.0$MU@FJ,P!8LA>VL#%?]O\O2$RGW-AT
M`&-/!:L\[Z!LQ^@BBK4`3D`!$$HBMS4"71`$4A![^\":W[P#*_&=N]8&Q>.C
M6X%-<L`]GV81._`2`3PV;I``#X``(9"^6#`!DZ4!BZBK'OS/8^'/9AV@+;$&
M(P!35IPXBCPD"@`$'6`\'[,)U//$5P*\1D7(RN=A4W7`:P@/4W&B(&I]TN@7
M+^)L$[#5C6@[MB-_Y2(C7(B%9=0)LT-3NY-B/L(R9I1BRP/#E?2$3M@O#]`#
M."3",J$?T_(`.$`G&Q`"S@8$JNT,&127R"<)!Z"J<'#;:5`!.VT'=*":'O$&
M'30!%)`K[X($;T8$-:H!#V!4K)S6,8'_UM3-*EM!`7D!<V;D`(1AUW!XPF5G
M)9(@`1'P$G\-V$H&!%:P,I6E%@@@O1=5%^)HMSH`S+Z<3YRPE"Z")+^C6%@8
M"D4RT_K2/0SSC9JC,>,+1A;"$_U[S?GA(1N@`BP`!EW@`1CB`+7-$CM@31G1
M`>4@!O!8$1$4`0``!*D7$F-"!!+0`78J"ZQ9-<;3,E-UW=7=NC9.04YV`PZ@
MO!K3(0ZPW7`1G'P`J.B)(Y*0`R1P``[@SAL>2R3+4E\H`<4S9`C0///-C5D$
M;F?WV)D@42?9/8M0O=V71I4-L'CK.@4U2G7K1@K.5\!F:V&Q`T\N$BZT0R9!
M.E*A.1:0U'Z=_Q$2@AL2L&-RH'`[L*W'2WJ2,P=VN@.R70'%<T5Q]G9U3MW6
MG>,^G5M:%0\:\#UWB2A%EC#X*J5(?B=QZP$>CFMV"D='Q-@RLB%N(;:7J2)^
M-1A>SEH&DZG:8P4*6A6.H"_<]0)2X5<$;A<6QG6SB'9']KVR!:%R_'ES5ZM_
M,))1K95SD]0"?=5TUP8B,`F=TP:O$@O'$"TJGM4[L`,UD<B$4&%AI@'L%4*8
M_E0X'N]X`WQ&I2[+(*2Y>:B370$$3':Y\&E.]P#9Q60X='S@TTN%4QIRX`'&
M$Q?F(HT+Q18MXIIF.!6,J-\I.PF4!0G`RQ:P*:-M"%O#=D7`5M/PD/]%5P2]
M/\2<L8.BQR,(FSH`#W`WSYZ'`THX;V8A$1"D#T5G$>Y^(,`)84>F0><&T9*M
MR/0`$Q`!5?T'0=<#F=<&&-Y.&G"5+$'O(''I6K\J)`M:OF9D@=%<E,$*_RKL
M.H!Y.D`$81PB.,2_&)'P[J55Q(#$%0]&C[!LC3J+'","NN0[\@?%P%`5'C,<
MHN"<5]2<S2D\+T)3<^JV$:-%_"*<_Q)^4_RN='H`=U7I]4$!&F/&05IQTB)$
M2$`!"(#*%^``*0&0)*MD==,!\G0`(;!Q;]`!#G`#/T=B!=4!K-3U'\'UON_3
M-:$[,T(CPN..)\P7IQLQ`_!IJT-3?!`!D`/_>N[EI2CBMH<O%RH:&`K@`!X@
M<W"T`35UGCFP)V#F#BP"1L$^#+$#&%9!")AM).K?"!A?_)6_(I-]HMW?7A0$
M"#U`0&]N?X>(B8I_;7Z.0`,/'AU8;6UP$R1B8A,1:Y^)C8ZC?FU((QT'.A(Z
M!WP6%$!$GV]KLAX]:XN[O+V^O\#!PL.]`!L*;J#$R\S-SL_0PZ*."@M\$GS9
M?`O<V0LO`R0(X^3D8A<ZZ1(:&ND+`Q4Z"B(CEI;1^,'V6`X*!QH#!DAXX4"$
MA'\*`%"XA`2)*3EMPB$00R+'@!?<6$E8(*&"A(T/=/`Y4*&"JH/L2AY0H'*!
M#H';:`P<P'+"*FW>_SX.(&F254@:0"[E@Y:LD"YIHT:T^B@"#IPV!RZ,(Z'@
MDR%$TTBUZ3``P45K!PY$B)!@1X]D:]Z\.7MTJ-NW<`\90Z8LKMV[>)_9<Z3J
M&LYM'S<>%&-N7)DR49(PV-!.@887D--I<")!P0`P]_(.]5/G4IL1$0XX"/'4
M89T1%$8X:E2GU*4Z%#14>/``P($!U@9>6Z!!P;8''"M<.S!A0@4%@5\(UG"A
MI4L^`R8HF#ZAW;9684D^]ON`CX:%G34#J]46Z>H;[=9MD(-$!.%Q%=26M[1Z
M-84)S2]<*%[A1BXW";AA"%L]Y/))>>(EF-=<:"GHX(-WK?%4/;=A9$TV+_]<
MLY%+74V$@#A2N!##%1F8$((&$D2G`T<<V42#`DFH@(0<"$(H#"DXYJBCCC-^
MIH,('O&1(4<;69%.=<7]I:22.DQ@!7[\W;0`<>Q,L)(5[7!S8701D&+C4--<
MTL%T"U0@`@443+1)!3O4$DIG2,`Q@ISR^--8!1;P<N`?G\SA1@]?!HH/@W4)
M:NBAO5B"1`BJ6*@-D5K*)!4"DVZ0P0<MM(`##-6\0)P.-``W@4`R9*!""'*\
M@2@P.[;JJB-P.`1'!%[0(-!'W;Q0P05&.N;*DL!N$]8#-&"DP`3<9%@93+*Q
M"!DV%7B0U:K-A.F%!5A4]L!T0"R0@U07`)%+(G#_M&9)"`Y4%MPWR+7!2U&%
MN%%(`C52:R\BA-9[[[X)6H+%2"LZFA-'*Q[TH3D3K&!`"P;@<,4!+DA`@W3^
M1`6C"B7``,,.<_"[R*L@YVB)4Z8<E-UT`;%TP`/P8!/LDB^P))"6\7"SHC<Z
M>.1LB@IL$*>7'@,3Y@T.Q'(<=#H`T"$):;B)2)RIC;"2.BPM0`-O'KS[YQKR
M)O"``_H&;6B^8I=-3'EA\\G(5ML)>>$VUKA4L096Y*`F`D8H3$`)'Z2@@0TV
MK)2$#4&DH,`##)101!$LA*#J(87:&_+DH]C3AA<IA;6K<<Q5$U:&+RMYD'1\
MZ*!<!2X)%I@$$UPC$A_5_Q#!'AQ`F[W+-$A@,0)J8_J6,PE-B@/$?$1X],`!
MK`AT=$827+56(A3@,L<;`'2BB#)'I6W[6V1O[_WU7*MJE9X'NG&#BM:$M(TW
M'(V$\0<KJ,$%!V7P($`+)1A@0`D$$""##WLK01\&"($"G@$'*0"``SICB3?0
M"!3T<40=)OB]7M"B$/=IUI000#J8?"YT2N(-BI3SCGALZ"\7Z,XW#B""'53P
M;)](@`9$8($#6&,5.9!`=S9`NU&TAR<5*(Z3-``<$B+``TB@0#\<T`$DU+`"
ME1B!`BR"A`F6(DZFJ`<<Y%"[%PZE>UZTG?@$U`,_Z<M-:R`"BEAG&>1D*!)7
M&__(`7Q0@A(XS`8R@,$26D``)>BOC@1H01_V)T`"%K`/)0C"`7PV@AGQ:4^6
M<TJLPGB]#@3H#;$IW4`X<AN7K/`B(/R+!ESQ+)*<I!LX&=4W9B,'.5`R&/):
M@P5>`(?V*8=U'@!"")!`BA'0(">X\H;K7.&`&MJ$)/"QP"5VH(,+*&!.#%14
M(RS!Q5&\,A]@O*;'=`&$-!`!"`+2%RW^$!J,Z(`==#N`LI+5D2M\H`092`$.
MYHG(/NS-`(BLHP'V-D!#0J`/&4@"!ZQ@!I\U!`YJ0X2`Y+"#AFJ33QY(P/2`
MA`VK60-%N^$#ZD`7RFQ4X(TZ^!I`-O2V;4P`'`G1'4+_'[H+KJ%E3L<8`.RV
M884;`*&'CAB!"`9@D(U<XY>F6X4$J@@`#42``A:PP`V2^AFG.$`#&]@=`.@Q
M`B_(RBF\M"9+G9'-K5(K+10P"2Z28<$>)&!FZ^/#`SB'$>!@XP`,.,,'</"!
MN6(J?X$<I/[P*<A^]J&`_XQ?$@```!=(`08>L*H](">@QCXT+6H!`NHX<DO>
ML(]U5^NH-@#R#]W%QH9:>M0"K.`I`(Q`#EOT*OAJ\08XH$F-,MF(!AP0`=6,
M`@ZIT%)@O*$<!3B@#7(0P0'`X`4%:H`T#`'"/Q*P10\HX$4Z<``/B0"`:CI"
MM<SH*G8-E98>`"`"0MA32Y-!_P1U/NH:HV*'8$2B@RKTH0$-Z*<`\U?(?NXO
MG_T\9!\$P`,?7$$%,E`!#*0``"F$X+2Z6(,=#A2Y,-(B`3:\AEM?H`&<A26M
M(+09KV1CB@VT9#<66D<%'%`)UVP7<@R&`P!H@`694'8E1+C!+B79!N?&-ANX
M4I<RV^"/%]"`.0CH`!#F-",`/``+L0J!,Y4##SEX8`(AP,(&%L)@M%@E&61%
ML7BOJ=T3?VEZSP.&&2.`FX%@0U<5Y@UH.:(`%#3@`_'UJYSG+.=#0@`&/#`"
M#ZP0@TO-504*",*<+)$%.&3AT*I=PSM>O))X*&>4%05A'%G7D;"D!GGK&.$U
ME'6;F_]6SLN*@(,%/("*E9EY%22YP>X:`@8;*H>$1)K`CBE@0Y8H(`(.`(,(
MTE%;$8B`H2+P@-)0I@$LA*`5YU2`!R@0(*[-87IFO`$`@*#0'K!6>[;K,JAM
ME):.`>,3'3`.BUCRF(T<2P-0J@`#WAQG_=+YW8#%KP"JT``#-``')L@`#&3@
M`A8$80AQZH)3L(N%3K)C`.H-CLM*"JS,#B`'^*'2L5:QK>J<4`$O0&V8MHT5
M/\QI!`O`N,N((P8->*&8P'7%K;[A#2@VLA_R^(<7/CZGIWQF=T#P`AR`T(_]
M\-`VKC"9`M(0@?_\QPT6*#HB:O,)MF!;;-KF>()4-8<&[V+_:Z%A!99PHXT'
M;`0RQ!%``_H*V'^^&][_U.<2ZKW/!A"@`5<00`D$H`(5,$`%,V#`$!(-AQ`@
M)TO?,)8K0AM*Y5P`X0,P'<87X'67_&,;`<'JQJ7NF0G92F*"01T0$J(:`+S@
MG-EYW0`L40<'M,(?/)6D:U=A`>94YP6H88>='&!>MZ8!'B89`!'<4/7IC>L0
M0*#7'!)@E%<RZ!#NRHS4X](6\H!BR[V()1%&M8[!"]/%-'"!$8P`7WS^U=UG
M/WO^WLOV00Y0">\\@_KK6`(&Q,`";G#74:X21N"&H"1^87Q'D'/"#$,'`<3!
M=8(1-QP!$")P:UBQ6,N'?(?0`\Q4_V8ZX11(QAER`@0`$`+2AAT#4`EU<`,L
M\2*L@"K`I5,'H$8.8&0'$`)_X($5T!N=-(`OD`87Y@0KX0#@E'SN\@=RX(`]
M(`(1X`:M5#Y/1RUS83FF``>-E81*N(1,V(1.^(10&(52.(53Z"<"4G70]VUK
MH0``Z!BH!#=0``5,H``R(`,8$'YHF(9JN#]]M`+^%BM/<4T2<@FA\0\(AQ`D
MQ7#`LAQ6@F&B@VXZ0&T+Z`M<DT8T$1+<($TV%R9M$`(`8`$=0!]P(`(:\%WH
MI@!8T!H[ARJIT5`6`$X]X`$1X`&\X1N$-R6#]WFJ<`-^<`J7X!3LD3//U$A8
M6'7?4X3V4/\'6#2(=G%E5D>(DN48?8@3E,$-2>`"5U!?:KB,S#A`!J`$]M0"
M0<`",+`!_^84]/="GU$)&R`5+5@!N%$LRE)X'.$`'^5C>HAC&E4TO!A]D`,)
MR,,1KD&!6;$:;=`9-E<'.S%M.9`#2?`4YK(#T_0GM0`@"5`@<I!TCI%X/G5A
MW!`J/(4$5E5S1#`"`#`;'H!:(U"(O^@QN'@)2'4#2Y54)%F2)GF2*)F2*KF2
M+-F2+OF2+2F2%O!L'=E2:W$`:<`*&:6.-)`$+(`#=61VS3B4:,@_;/@!)J`Q
MBW%0E.0:G6$2MX%L`C&.Y,B0P11"JKAL[:@GC[0#P64E$I``2+;_B*2@>O/X
M%#L1`7#@`"E419U!CUY9/MY%`43P6^=R@*^V$CCV=:(!!ESQ$M^()Y900S=0
M?+=X#/8`!^`0*I#1F([YF)`9F9(YF919F99YF9A9F0\0@TX``%679<)P(#(8
M>!S%!]GG`DF0`DH0;T39FN%7`@PS2$IP;WKG$$WI![&"!`]P`;>Q$@B1$1C6
M#27U$9ZB`"N2CCAA!0ZPE>3#)VX0*QTP)F$Q`!Y0"7`P<]-TCY\A*QZ'!3-7
M#]`TCXT`$591"SU@`3LP`30P,KF3(@,Q4H%W(2LQ`!OP`*.T$C?%2U*C`?#G
M?$,X-HA)>CH0`LK'G,YP(&\0`9[9(,.P_P;3DP#]P`JE20,OP@(E4':NF:'A
M!P'>AP,,H%BWN1H18(K:T&/F-DHPL4DXT0V]X4;(*205```&Z@NOJ)C+@QPB
M\`#'P7@O0&I3)IXW9X0DTQ#UT`;F>9[S$BWV`!']<#76@6/?P$G?,0)8\(GE
M,@U25!`A<)#6YJ"@N2\?60<#6J`SN@P(JJ!&\9^/I!8]8"MPHPTRH0`I<`8<
MJC\:>J=SQJ$#]`%Z%QYA5)98@!MO<TX;$1TU<0`R@1%PRD[_<#-+TCX#4%UE
MN@MR\A18<`/'$Q`T\0VL8"73AB8V5QJA6AJ6`!H=\!0(-3T1P`?D80&-9`D)
M<#X;%8\KLA):PO]"<:)QG!$F"9``"I0`1$`!!.)M_!*F8YJ#DVJFM*"@9J2F
M\J(VY=5_?&`&E9$"^6-O<8:GVGI(".0`]?!*9;F6B*H-G@*5LQ5RZB0Q#)<;
M4:$!R&DU-)$UR:H(B7D)N.D!P<8R'H$<*@$`7A`+0$`)FZAS"1`"(1`!2S4;
M'Z<6;^``#K"#NG"/DB1<]^D/`S$=`(`=%*:6IN`0.-(&:]`#7`$$(M`)9A%+
M'AF@]WBL\ZJL:8&F#!J:@`(H<%!>)<4$3#!'&8"MV:JM=]JA5P``71JBK3@"
M?O<V4:I)W(!PRO$7R0(/CG$![OJHJT0$+?LFXRD'-6<*P.4%1"!L2M/_@@Y`
M*0B`!B00`?Q1<@7Q5.=T`;*#A.'3>VDA"D^Q`1X0`A1PD>[*"M:)!<99)@=6
M+JVA%0<Y!QU`!.<9`759"$%CK`2*K%?[;<NZH#6Y",]W"5+CM-Q0`2JP*3$`
M7W!65V_7`(6D?J9[!CX;?@V0`@;6!EE`!T0+4Q5V7CGQ1NH$G%IR42ZS$[)Q
M2KH5<@[@$$8(N66*(/62`(,`!/@*`!T0`0\0;`@KK!V0!M+A`/X1L:@Z,O9:
M'[DX`AZ`*]7E2G\P)B$U0])V`W*0C5J&22>H`1T`*"FK`+G(LI$;#&<*`&GJ
M#`P!`+YQ7BCE`SX@`W0%7PV``0"\`M\'`:>+_[JI2V=V!`,`,`1M<`?$^SVD
MX!`AP'4AI*XM\Q&[D;O"(1*W5`$<%!BYD0TER)ZX2:;UFP@,]@EM\@:,4@%.
M0"]KD`!.,!GP9V58Q47:NR,C(R>I\10P'`')9IRW]GN6NP8WD,,>X!^-J[)B
M^K@M++DO2[EJ&@JQ4G!OXU,+X`*`XP,F($]78`,^,`,QDL`<RIH-[%?W!@,S
M,`311+02V`]4FQ&]$7+'"<(QD2&F4QQIABOFI`&G17J>4<4MQ6#34Q2AB+_T
M`@!.4#0OO`:S\Q0040]`#!%R<@,VQV`)T`$.X`3%07SB1`M`$%8.`+]@*L7T
MB\CD<\7Y6RTVYZA"(O\"Q>("N)P$1L`!*F$#+I`0<68`92>4;3Q`*>"&`&<N
M%>P]I,!`'2`<(92[^I$)6((\5U,F<,,-V](;-N%3K(!N%\#)K*:`KHP(DWP@
M._ALP_<&N720#EH^<"!E&W"P0."Q.E*D*J8!00$'+\RP@W`6O9"F:1$"1$"L
M]^*X!6J>D*46?]"EYIEEX7,6`O(X?T!U%V0(>P)9(?L?7/,'S[K1CS,'UF8@
MSN=["%I&5A&R;]!LS:8+K&5E,=06]]NL^FL/C/)UD?+%-#`#+A`6U^PI(F`"
M#9`!I$L`"U,$;5Q'2I`_IN(%74!ZI4"T*\P8P!):!",=_Z`2",>I&*&*R%'_
M'/O!#JJ@`Q10!Z(F`9]!(_#;T4K<LN=\SA[=T<YI;<G0!@```B1@CA/@`,SU
MBA+D&2.`'@/`R33BP@GF2K_X;.9#`7%)T0?-RE0,.0F`L"+K":-6('1=1FMQ
M`]_D!CN01A:@TFJ1#-86(`<I'V4D+X6`TFM1()_L'W\2(+G@@-,#PT;Q)[7=
M;;PGTF1$?&4A+V=1=9<42S(]N;',#%FQ+1;E#13:W(^W/JU@`P+V9O@S?FV\
M/PS#`@8UN%']I[<%&Z6381\A'"XA&24!:=<1'>O@*,?Y$5?J6C<0`</CH&_0
MQ#=0N>7\2.%$5CN0`%[PO=O",Y91'?6@S+.B"M6U_\S"X-GU+8A0!]G*MP8=
M$``(T`-H@`840`)/("ZNW=H)4`$!X`%FD0`!,`&9?85DU-^+S*:M+0@V[`8'
M8`46@`85T*MKT6V9/=L,NP/R\IEIP7O)P-LB4%,$(MIOT"8%4MQ73-/50@HW
MX,%("Z>.D5D46CHP,@,P\&;OE=3.N`(.8%4XU=U>I!5K60T@I#EB$(^FZ2E6
MXA%?!Y85YC*_Q")[(<0_Z*4>`!!MG=^)_,YI815^MT:O)J4%CH^E)Q"7H;YG
ML]M9;",(C:RV@`9DX``G<`(.\`1D,-DF<0->XP!)D`.67D,*<`(Y8!3EE00=
MP,[;<@"6U`&](9(+```2P/\51G4#3U`##A``T4(L&N`!:31#3H"X?[`#$K!3
M/>`=(H"\_N`!;@`$.I`$10,"-?`"0-`1?$T$WV")`Q#:YFS<,;L,66&1)+HD
MK4"A(;4ZX*`!/H`"=)74L$D`,4`!6*051%L'J>"'P((\$O8"Q!(838(<@-$Z
M:_2F.7:EI?H9?YX*.4P!C1ZY\@%9@+(&(Q"AJ\`B+W$!'G"ET919*?P,;V"+
MV0;AD+X#%W`"%T`&)S`!)N\`*'\"3R`"+0_J-/`$E7X":F!M$1``-1\!:G`"
M-7`"`0``/P_T!U#I`8`&-5_R)R#IA%'S-0``-%_I%Z`J-V#T(%#S!Z#SE>X!
M6I__\I4.`F*`]5;P]5'_!!30[4O^[>"^I/?./@0('8AZS54.!93Q`F8L`$#9
MP(+4`BL0!`T%$49(M&WP>4T;.N[*(I'V$3*Q:6U+$PA@!1ZL$=!1"993!X9@
M%J/D!)W9\"T+A(=``;JB`#>P`Z'A$MVAKB]Q``AP`\([,ELR&E[9#+5PLF;S
MZ.;L!AX`]`%P]"<@`M)NQ"=@!600`!$`Z@AP`@>0^SE`+RJ?-"9/`B<``,>O
M\R2@\Z!N!41PX5=O!@%`!AU`!N)P`MMR`M"_:R>``+!+`4M/!"Y/`C7P!"``
M`DBO`R<0HV(@`0CP!`=0`SD`"$0!3R0G!P\G3R`!%G^._VN0;Q$`;VZ0CIB9
MFIN::PE.&A)\"PLO?*=\$P.DJ'Q.KVE\+C8J*1]*)1`0!@8X?;_`P<*_N@8-
M!GUG,T"<S<[/T-'2G'[5?G(*$A(+K=VH&JS<J`O:.@,'%1H*"A56"A,'VZ6B
M&EAM]VUP^B-P#@BL!]9,&TBPH,&#T*Q5PP>GS88#&OA(.`!@0"@:XDXM4."@
M@STY^N#(>?"`W`".(^K<L]8&H<N7T@!L4("OCHX0]S"MF2/DQ`D0('Q2`$$&
M2(03",CDD)/CA)@3#D:<R+'#S843'F[4$*.F!H4#B4Z@01/@JH@>3YX$@(KF
MB04R8A"<("+EYXD0'4Y<L//'PO\)*SU.D"$+(NU:#2<D6%C@P<H3Q(#1*)U+
MI&T-,A%T1IHTQY)`F'_>K+&01H$./AC'77A!KA446'RFT$I1H@$!`[MZ#=L=
MK-BQ9"K`@!Y.W)'"$*MHF/+6#1RWC*1>2-`Q08,."2^NK]/A?)2V`_ST(<DW
M8H2#"Z<W'NA1O+U[X@JK\6L#YH`"/CI>7%!PX,"HC*?8%X)*#,DAPG\2#7`#
M$@VQ]-Z#`\E$TSTVX=32(SOT@,8)$U1P0@!V3'`""1L>0`8(/32%&!I-4?6&
M!#6@$90&+:8E(@AD>?@`!1]N:,:&%6PE%Q$.<%A#`&N)X8A?@)$!5P!/(7G"
M"T>"4(/_!E;H-<A3(%PU28QK+:#9&I)0XMEPHJT!A`,#8-?*`E:0(LHX3BP0
M"PT#N!!$!ADH@1LOOO#&FV^XG0%`!Q`F&HU"'JRR''.M=`<=-^BDL\XVW/7G
MGRBGZ>!`/@W!,4('`-!0G43<*9"`HJRVJHE";=0!!Q(4`!#*@2\<(.<V;YZB
M``T`4'`//Q1HP\T+V1'1H(.N-BMA33?E],@<;RA`!@`B/+'`:#G44,,$E5DA
M1P4!>'!!#39"(L2Y-8"0@!HG>'L`!7*1H4&VE*`1(QDB:*`(&M4%$(('UR:U
MU@5K])#`$PK(X<`31P*@[R`B#$!&NSUD2\("3WS8Z!,=#%7#_T_,/+(9`)U=
M`MI..\D1P40Z/,='!0H`.`H4XBPPA08V*,#"![?Q(JB@A+9P!@R(-MNL0FS&
M/">"I+#"1R@R1[T1U1-IH$&;[$R@S7_7W8#/>!%H;=\HITC@A=)L0Z@0$DC<
MX`%$K9V2GRG:/$J.-N=($$((-"00P@&L12T!`'[``6O;K#Y+8;07MMJ5!3W@
M8[FTTQ3Y!!DG+&`''4I#0N8DE:A<7!LCM$$!#;KB5\'3XT1]"@VTV^!#!B4@
M,S31N_QVA@V1,^ZV-0]<((85JTBM0\SDD'+`!!*)PMK4$V23T3G.7^"=#OW=
M4`=+(\3SYG<C"&\^:+!BH74%D+;?C?]%&GC0AJV35I!Z&\R>[Y[CL4+NZAHT
MJ$`"5G4Y?!0$`&(@P5GH0(?@*4IT94K99T[7D'L`P#[/4\`#O&&U#A[`!KO;
M':%*\#L'Z@\^UJ!!7!*8@Q:2@`0Y(,$%JE.S`2#@A2`@03P@@AVIG6("X7B`
M#A0`@!M44"%?>0#L).(`.)SPB02!U>`LXKXJGH)-NCJ`#C:HD1<,0%GX6P@4
MB\._"F'N@3UP0P_>$,;XF/`9"7M##WH@!T>\\4$0)-V9VE-!4)4M@3'C8`=)
MD08)W"Z$O#-&`TH@```@88S%85I<$#!)!%CR`I04PP5@*,,6IN,"$,D/KUH!
M1%(,40$=:$C_'5;)$B#X!T`O4(#8($G+9B@$#@"PGA7=)PX)9,--&ED>`&*5
MOUHBI(S^:Q69>C"'RL5'C`-)V!Q[L`8#_N]D$G1//L8F!QN*H3NQ(P44QCE.
M)^A`!AGXA>X0"8P1,@`,=S3F0)!8`4U:\I[XG.36%F`1<DQ`E.2@02OZR0T=
M5,"1*EG60I"@2XWPX0`-D:=$%>)*8^W2??)HGD#',41[%%.B!$&FA:[Y!]--
MHXT*D94^8K5*5CXSG@C)HYE,^IXZ(O`"(!B'1C!"#@4DH0(3@,?M>&$,01'U
MJ`;(70L:T(`,H&`(CP0I3';@`3'8$Y]8%<,`T-8:#0#1%1)PP@N<_X"I>"S`
MH!U(0!U+^H<VM@$);'H4?G30AK4^(DUI<L,<I/H@?/C!<@QJ`Q`V0`,%%.ZB
M[>.&0&6&"M;TYP$@B2I?0SH3:(U4J@7,K&8OYQZ99C-1EJ@J`G*`MG'00!M:
MJYD()%`!'QR#%PU@)U(-\`$3"(`%7I#L9`WRA@0<@`18#2X"5M&*!^3JGQ+Q
MCBBPMQ$+5.(-F6@C$K!0D:=M1`3CR00DU/B&.22@`]#=[>G\0*"Z(F$$+[//
M=0Z+V/:.(C\ET:('="M>:(CTC!+5K#/TVQZ9EFZ">%Q#!.X9,]K13DX*<$[4
M-+`"IL*6=[J(,`1:P`LE9(`%%$A=?0TRQ_\!5U*XPX6.L=Z1#27*HS^%<X.*
MPVM'EB1@%=8]0`?.N-<U5$5-+V#QAF'RO;\2P7D*:-,ID.5#]UZ4R$Y3`!!V
ML&/[5O9QEVVR_CR[QT2M@0B8_"9J#'Q:U@[@%:\HK`H^@(/7KE,8$H[P&2!0
M@A;@@`$P<.*JI"P-::;AP\(E;F.;=X`DT,`%+L"(0;DA`0VDT:1M-,]]WK2`
M!$14NSV(@`C6X(8$`)C.!<$'!7)UG5+LK8-&1NP@-^(`3#?COC"%HN@$LNI6
MN_HS<GB#78GCWRJ_A]58IF2<9@%H%ZQB:Z]X#0UTX((49``''XCMH"!0!%V<
MH0AGH#!3I>`%.-#_032FAN,;WH!E3`H7N%O5Z>S8D00;]#H)?B;%`#R@8@"W
M<7!5(X<#=O#H3,C!`A%8=;8-TH80E$I7HP9UJ-M+Z.P,``BBFS6=4<W7-3`P
M)/J0@XHG3O&0M/4>"E\9-FU]:S=$P'@7L((+[",#&:#[``C8AG1>,.PD#"`)
M+&!J"W93@B*TH-E:.,,92E`"'.#`!3#(R:7WK5W1].`%($;`!:C6#7*X8`8S
M2((13%Z!)`3:;@,0772MT8'734\4"B#"]S).=)@DP`JO6^+`U]YT;O#'`6H<
M>I,9+M59P:&\]X"XWBVG#Y5T]F3_5=0:`7!/&1[`!#YG0`-,``.7\V&L_[3S
MI1ED`(,/E(`W2F!V$4J0@2L````P4$$'QH/?LFO&$C?(@;?QN739#3F@4U``
M#U!@`L0SP,\;-8?6,='&&XC/%)1"PMA-?[I0R)7MR'<H'QYPC@/(D>AT!RD%
M0A"$(&S@^MC/OO:S'X04=.'OHT,9Q_NK5V]BD@,V*/,2*-R'!C#`!S:8P@)<
MT,,AQB"IO#&`S3^0`16H(`@60`$4X$S54`?$UPDE]084`%S!=0$58#,200,/
MH``V``-EQE098'4;]0HEY6[6,`(LYVGD(`+D]5<'.!PW4#,+P$7)EWS140II
M<``1L&W[%GTP84T(@8.0$`0JP``^^(-`&(1!N/\"#*`"Y=-?@#=^H($/5?$'
M&G!))%`&E<=4N=!F?;`"\.<#@7963C``\"<`+<!SZU0;_->#&T`!3K0&<B`'
MG'6"8P($*Q1<%5`28"4*I5!N5V`"#9!LR::%K&`:-N9NEN,`R54G`[`!EN.&
M!V$)CL!\9]6"D"@UHN`$"A`!;&A'"_=D_1-E+W%WWX.#!-%')A,$#'`$IG@$
M/W"*JJB*/Y"*IO@#*I!J!D%E-+6$UB!\;:``]V0$*-`'1P4,R"``,8`!,D!_
M8Y4&E+@"OU`"2A`,?*("<59ZBN@,"9!E634!TZ,#3J!<27`%/L<+89@"]%<.
M&@``"2-WH4$$!Y`&R!C_@Q0PC2ZQ`]N%)Q)Q?)#H@ML@@T"0.GZ0B1.RB=+(
M;RZU6029B)I`BJRXB@K9BJ<(B[)8$+56BS?($BHQ`'&1`U?P`;XH-,`@AA3&
M`C*@`,CX"@,``\MX9ADP`QO0!00"C]+@!BC7@!<P!864(.20!!MP;!M9<R;`
M`C%C'P!`38S("6Y``0/P91;A`'/FD@:A5W,0`;KR-?=XC_.P``<P`#/6CU)F
M@RZ!4I;S3&#)$KN'"0C9D*ZHD*]XE@X)?A&DA"^!4GX0/BQD;$0E#"V@!#-'
M6XTW5J8P`570!\QX><LX`RF`!%U@D$S9#&U``R"V#E,P`PFV,Q5@`V'@"\5P
M_Y<K@&XZ$`%84!78]@Q'IP!902:):1!S(!!ML%X0.)4MR`Y$$)"3Q94Y^%(/
MJ1-X<)N\UP9EB8JM>)8+J9:QR)9Z))%O&1\A8`4(,`$DL`(4QI'`V`<$T&8?
M<'MT.`5)X(/+"`P$(`4CT`6X")N)V08#%EP<X``*,`4ND`1!8`*XHW.Y$&$E
M0``^T`X>D#J>06G-0&F4)D=ZA8ZEZ0R6D```4#W`Q)K)AQUVJ#;YX(^6!9X#
ML1+5T$=V,*$46J$6:@>GJ75N4!6[^0,"(`"]^8J\&:*O&)Q(&'Z?-5[6``<=
M@)P(4`8QT)QG-@P$@`&R,06QQP)$F#OXUP($T$3;!/^*_\E[(X!G5@69,N`#
M*Y!L)*1S?=`"\(F%/S5,=64R^<EJ'>B?0\H)H@,`#UAD!KIV52,!%)!=6ZF)
M9E2;T&`YLJ(Z%O"F<!JG<@JG8%"G8&`!][.;!"",*(`"K;@",?"A&!`#,0"<
M:CH-$:FE!]%&*D%X+VH%`H!4@B(`&(`!2:``6J@"&!"I/1J?(K`#0>J@3-D&
MJT=)",`!+``#*Y"1/&<T:P:8!H`+9R``5>`"(K`!*[6ES9(`_+2:8<IV9V5$
MATI+LKFH?E4'7<`"+$"HS-JLSNJL?3H#8-`0'<H``3`6#$``6Q``*V`$U\H%
MABJ<XD><7?DV"A`7'`"&$>;_G,.@"Q\``W"&G4O09KF3.SC@`#U@!W6$F+H*
M$CI`GH29`=%9#+_X"Y;7<R$@!?#D1+KJ*O-#.&KWJVP7=B9XIO^8IJ>S$DC`
M`@*`EA[+B@3P3G+0`V7Y`S4:`"BP`@+``]BZ!5R0LJA8HL,:#8FJ30KA!1-@
M21BP2.\YH\+`"SUG`BH0`]#YI`00AGV@!"L``'0@!Z@II$.:#T!PKB1@5:=:
M"QG0`EJ;&X#"?RN``SKW`4$P`%U0;PVK**J3'Q([E0?@`7YGL0TZLXJ9=V]5
MJ+[YL2/ZBN^D8J28BA[J`VH1`"J`!E&`!C%`%D^P!01``#(KKBE*'%]I+DI7
M>;#J_[,_NX=OA@($T'XX8``$P&9'XP((IX:*>G%T"YMSL%=NH&,4U[JN^[JP
M.W'$`3=P0`$.``!64`9<P`,"4`(?@+1'U0`I$'4'X``\MP0V\)HBX09GVRK]
M<!IKVX*^!`!O.W=HFDQ+&"MN4+<,*:*JV+%IV;U'\$[WT+>H*(P8L`);4`;7
M^@1&H*0^$``?VK@G6B:!ITUYMP$74`960`"X8+G#L(<-L`)5D`''T`"=JWE7
MH`+O2!!>.1[AH7=PD%<`%KL6?,$4-QQP4P=(L`$,D`$?RHQ!`XRZLP('8`83
M<087-JTM0:[-.QSW<`/7$;TN2!&)PZ!0)JHGI;W<RY"]V?^]X#NB9TF^NLD`
MKB@`,D"X`8`!/!`%`>`#6Z`&6X`&>TJ_Q4&+I<MO>6<N'&`$>&F%(<14*\`#
M5Y`!R8;`N`%M#.`!#/N@*56[`""$/D@$^B9>&UP'7N`"G8L,T<ESN[$",E`%
M"B`%1X-0+9S%+^P2=1`^]DC#[L4Z&W##<)O#<LL)%+*]2&"W?NNA/LRX0CS$
M\%3$?KNG/+`%/K"G,2`#*[`"7,`%I>B*:UF_PXG(#IQW"A"%2<!^LM4`46!R
M,,!4'X`;$*#"+(`%=Y!I+/%7(3`#']K,S<P'GL&\XG5W][`#,``#8HB7T3D,
MQE`%,J"Y8<`")@"UB8R_V+!1CCS_<,,F+)7\1,5JK'6`R9K<BGOJIWNJLAZ*
MSZ!<OD;\B@1PMZL(HK!LHE>\<2Z<@RN!<A<``)>'?V$L`'YF`SQS!4I0!)L7
M!BJP`5F0!<A<@/IP`RS@L0\0"6KT`.!%FB6U*CL@<=2T3"E-)G%4.G_@&2U-
MR\^0$RKF!3.03CR7.[T!`<"`"Q0V!4%`>NU<SM+P5G#P$%;T:0MP6O\1-2OW
M'.$P2@370X^W`V9JO1>+O3?(PYD,RQ[JQ(5:!0$0!0+@`VC@I_LLRN&+MZL(
MB])<T.%WO^UA.39D!>G$3K_0`(W'4^O``#J'`RH```E`!VU\4K!2!S>@`A[K
M!!N:`!6@_PA(0L=`L$9O``2B(4<),$<)($?;I@-)L`-H,(/4A-F5]GS9ZPAN
M@$LFN6RZ$(:\L+1#T(9(_1[;A`7^446]A#83D1R__36R8S5&AC<<0<Z[]<Y:
M',_<Z\\8@`9L$`,KH`8!P`4QL`5L@`'B2\3FZ[UPW9`JP&2R/*XVO<.QPI@7
MD`)\W=<,\"NC4%A)L`+#"P!>H(9\X<"+W=@>^P*KFRT+T`,>P"(WL!&HE#$'
M0`,4X`$.H`,6P#H+T`%D$0$3X`$5DP0=`.`:0`,.4#+%T=I@H'BPS6:^&WIE
M6D")?=LP#"J[S4O;X$L#($P6`,$AX$M;\W@\A2F^"BD9)6,8A__#`'G4T076
M=HN*#+`%//`$#&`$4<P%'[K$,6N*W-W/WXV6!!#>XFK7&8L_#F!5`+#>[1<#
M-D`.:NL""@`#+#`".]!=.I;4^:T"/_S#(K!M8H`&S.0&"T`&-"`6UYHM;8%3
M8J$`,5(#%P`Q(B#H,?($.1`!3]`63^`![^$&*3!F(7X&[SH%7L"(H(,/<XWB
M*=X0*YY8W+.9-^`%]G"ZHD($088:I!`*@41PN?(`X2'>7!VWD"ODW8L!U\H&
M4XPD`1`#$+#$VQW*W3WE<6WEX_VXM7X/C$D"(+3>.%"KV/$*+_``H8`%(Y`P
MU-+1Y!4KC?WFO?D`<P0"8G!H#E`#.D#_!@#^$VB`4XI``I$F`0Y@+R0``G)0
M`P@0``D@`@$P`0'P!QSCZ.[A!AX@Z;NA9B4``"K@!57!O)E^#YO.Z:#!('#0
M.LHG-1NQ`&)S#Z07$OF`!&SX$.DA`2'F7LVC9-0,Y/G9*LJ=:;;>FRO`Q$_@
M`RB``5NP!2M``+T>[/QLE@`=UP-M@..-Y<-!S9`P`,`U`>M=`E=@`]L("V=5
M`?E6WENW$"H!TM[>BB*PNE80`-[U!AH0`-DB8(D``ATR`"``&!/0+H\A!B"P
M`_8>`&_@``%`(@F@`^4"P[#B!2(0`DSE<V=,9AD``#.@`P"`!14+\:!U7@_P
M>_RT0=/!'UIC_P'R>-!_0`0185#JT.H7M0T:(#8*`<.S<C^JI"@K7\O,'=8_
M;(H\L`*FZ`.G?`0\8,1MW:'BZ['="XM`3]=M2?D%0?1O4`'`Q0%>WGA#]`+L
M6%A!B=*+^C9P8`$S</4_\`!JY`$!D`,.<`!/\`)%8O0!<``!\`!`@096``0X
M<N?[&P`1\/89$P!4LO5D`/`3N1#Y```.4,97<`4^2(3*^D[>"0AU;6U_A8:'
MB(F*BXR-CH^0D9*3?T@C"PH2"YN8+QX;1!TA%FMO:VZ0(P,#.A$:"C0+?+.T
MM;9\+PL'@WZ]?I2,<&T4PGZ#P),`&PJ#;74Z(<?(B8-U;FU(,3_;W/\_!-U'
MW$7;1^4,8(-!#.7AY.SO[.X_*G73C&OX;Q$`;V[X]HN<M5ES0PP"!$GZ*%S(
ML*'"*S:F2'BEX\"`'CW^36OCJ]D-&RA"B@SIP$V/!`!R!`!QH(>#&FC0.+`@
M!@T(``=$N%PI)L>#``Y(2)BP)L*$&QI`@`C@`:`ACKT&(0'C@,4,`,HH>*&@
MM0L286V$.1U+MJQ91\+@4*!Q8-,!!0"`P!DAA^,?4V[\/<)200,0!QH.2+A%
MV):.!7#J^/HUMBZ6`QW2,CY[2!FS:M"DC:UV+=N/=NQ6M'.WXO-G<^C:J(OG
M#MX[>?0HXRNU;XZ_-92E/3AH18##WPP;I'#_023!OAMY\^+>Z"MQ6"]UHDN/
MG@!?#S?]YLQY\S,!1HQO>H0'$KZ?J>O>_;U)D``*&04Q>Y"%:FQ$6&Q8ZF!!
M8BEQ=#@`^J$89006:&`D85DRP@TOP.(<@!RU(0=>>CFRH`=86#&+`K(41I@$
M%5B`!'V3`82-'R)<X,`(@ASXAV7-/!,-(?,YTYDVKN7X&COGI+-..=SHR!J0
ML9TUFS[\W$89?R9-@,`%1N``W)0M-`"#!X.X@<0?_RR'#(D`8A$6@&0"6`H^
M<YRY!A!$3&`*E[/%&2><LQ6RAAT]'+!2!&61R)%BS00JJ("^N&CHH04ZH]AB
MODC7D9U>-@*')1UH_R""`@KD=)B'M2@@`H2+S5<'$D`$!L"(+L*(V8Q]VH@-
MCD+F>-H1/:KVXVBQ@A9.D68=69N29^T`AQM$D"!&&3(T,"5P)31PQ0-"7*.9
MB8O5,9<(#F2K;;8=X.//=KA]API`=-@AQ[D8S<=H1X)*$VBAB,8KKSTDKKLN
MC9*,"(<#$@#@!1`<OL!'AYP.T$$UH6XV:1L>7"!!`G#,29FJSF2&KU.<O3IK
MKO'PF-IJ0+:F(VSU&)G//OUH9%8;.P!Q``(<<!!#"\O^9D`?5S!P0UT74QL5
M1R$\0<;01`_]P"EIWO7&'#OTL,,.R44M];B*#$1'N3V<JZZ][1[S#R^]S/\K
M]MB0U&OO8CT_,LBD:>VKP,"#<<J'#DCX47?"3KGQX`L3.$#$;2J71;&,TYKH
MJF<<PS-KK2#C&BO)LIT,@&V!SP>'!V*(P8$1!-Q<<T,0M(`#"V"`U2>[;=Q0
M].II*.?&#3?LP+334$\]-2/-R$''N9'2>W;7`]F!&]@EDFW\\6:?'14EU@I"
M9AL1'/""P'(/S#.C?7X%QP833"`"X+V/-;C%9`W?!BJ()]XQ:F^\T7@XB9\V
MSY8FTY9DY6/!L8,"QG+`0PE3,D`)!@C`A1C`2E*P3]KH%:BZJ*X&$(P@!"6P
M!CGT0`=H"(`50I`UI_U!#G=QP`&4HS54:(UWO>O_4JN`UZXZ_2%0QXMA#%D(
M/$HTXX4[.!<%,+6`7,AB`9J8Q0)T(`$%K.B%@JK1"'H!AP?H0`$W"$&VDBB^
M9<2(?&,QGS^0H(*-Q8]'%FC?^[PH*W+\@`$CB)S]*!<^C+7A``;Q'P%HQJP6
M*.$,??@`#C*`@Q3,(`B"6&`6\?%`"4;0"18T0PTB<(.5$.)<;P""'!+@@1><
MRPX)`,))LO8&.JQ'/&V4H2A'24I$M2$$.NC++`8@A@OP80`2.,`#`$`!."6J
M(R/(!1\TH`$)Z(`^@J3$^%B5121NL8O=2*8R@V0.4JQ!'?(SXS*7J8(AJ!%)
M*0LEO>#`2@24@0<$**!#_R!@``$*X`,I`,`45,"`$'3AA@2:32$-60,^V($.
M-*B!`E`B`0\\X9^IK,$3:N(`,CPA``]0``AZD`.'"30`'2BE1"=*4<J(:01@
M(,(#)J``#[BB`@?PP%S@0"=M,L<7(6`%+E[I`&"299B%FX86U\#%:=JT-8QC
M0#1O.AINJ(!J9?'5Y("ULC;LQIL8.`,$@$-.`L``!3!0Q@THX)41P;-^\S0D
M'T!H@0F`@`P!D(!*X!.`"P0@`A>(R06(H!0]]0`-91##$VA0`0^8M*)XS:M>
M"S&F06`A!'*!0P@J$)E`EC0WOJ#`$Z<72RBZM(J7J1@QG:+%-]3TIM/T6%B@
M"?\D`81,F9TMAP!B0-+Z89.H?6KB0<JP@C.(LP\&:$$)6@"!I0J``2,J!8"^
M`L/(S2$$9*`G!!=@00^(X`8+B,E!8P*""RS4"@$(P`N`@``0)`$-;Q6#"**+
MA@C<=:_@#:\,.0*6,DV*`B,8@06P<=BS@`TI;7G!`1QP@Q$]"K)7G"Q`M-@#
M.,!*??!#S5S&".!RQ(!^O9(<&W.3`#@BP`I7&"!##*"$<#:K`0RX0L36@(<:
M4H9I<^A`<(6[@`H>@`P12`!T09`#"C@8!&^80`#0,`$*H"$'%0@`!0)`@@LL
M``!D.,!WQ4OD(IN2:Q!2RP2\$%/WUF$$<.C```2C@`C_P(%1P4R&%5?59&"8
M;P<TU09F,WN$%:1@!#O(@&A<0^8`'R$&UC0MRE`['PIHP"`'R,!L&]*")83S
M`R:P`3K@Y&$CF:*1!OVGHI_P@/!8``T"?4*5%0VB',BA`C(Q:```\)(GU,#'
M-0"K78U,ZE+/*WDC((8?`'0`"J#*0&&A`!B@?(,#\*'5BKJO4V":94G,M`TZ
M%<`/A$WL81N[V`*``;%G8('M=(`!PAZV`*)];&-O8]K7_NDU?X4_C(7@`@:Q
M@93HJ)`6&(``*,```,!P`&(6VBS764,/E+&!>MM[`Q2HX+DBX`'O:-(#%``"
MGD[2/@O$!2,WX-.Y;N`!(-#!_]00CSBL[=6!"N@`6P,@[JL+)(<1:*`"1/#H
MQS<`!SE\1=<`X77YC#F'$5SA2AZ(N<QG3G.9PP`&$2#/'!CN`:S4_.<TCT"*
MMWV_(4]B>PC(G`)2\($B,*0$2B@!`X80@9GLH+=/Z3)`3%&*/YPM:^@*NQP&
M7HHWC%T.^FY?1DH!!.^8'802C[O<#=>N&V1"!QE7``7@+IM"[&`#%@&I"%LJ
M![!@/>5;EJS698H;-^2P@R`\5P+P=,)"9,0D)9W#,4INP719T()_</QU#-'M
M_2J8SOES@!@.D`,C9$"V9U`J!#IW!A7\RVE`C=<IY!V*#OC^]QW(M[?B=)XZ
MJ<SXQ/\'\RELE_NY.__YB^@!#>:&"[T/I$;-$`820J``'<Q-!T"PP`ZX9""5
MNRAK$>C`&^QP@^*L1PZ:[/S:#X$;?,B!`@#`)$HTV0,B6*`'0-`!$7`2!R)4
MV409<C``"$`!).`##7`SL5=;LE4",9`$$P`>9'-H)+"!',B!+V`;X#(;":`>
ME+![_<!\T)>"*G@(<N``$X`+;`%E9<$H^M,&(J`#WC<``!`AJ9)XA--K^R4>
M%W`")Z!=1+A0'A``8F!P3S``_E`AY)<1`$"$3P```7`"9.`!"$"$8J`#1(@&
M0%"`IU=Z]C`"%6`%&P`"+(`#`H0#>!0Z`X0"5C``SC0V]=?_`<:2.7J8.3JA
M?'*2,B7(=2LXB(2("#=0`2\02RM26F-1+85W`ZP@`:NP'^QU(.9G('9@`62`
M`"1P`@=5`36P`&1P`B1``Z.H`+7C)?G0`V;U`B<0`#7@`"=@5MWSBFB@`"?0
M%`9B@*CG%",P`17@``@P`Q]P0%+2!^2D1RPP!1UP'?(A-FMW`R1P$-1(C2]@
M"AT@!DK17`G`=4;W!ST@!IKT)H58CBHX`B(@>(5W/F11+=!C$7Q``QK0`4C`
M,ST863]8@!8D`B*`!D]`BOE45T5(`0]P`@J0)L>''6]`!`Y0`9Y(!CWP!"#@
M`$EH4&5``2<``&*X1KT($-O3`1(@_P8VT``/"%OE9``X<`4`,`+U]XUF@9#2
M6(W5^`*G\!*8(CWD$7Q`$`$[8':P8W8]8`$6(`<=0!ZL2`$]0`%$4`K]9Q)D
M:(Y0J5<FYP6>@`7%4!;"T'$6X``J540'``3-4#P3XX-85"`59`<1`(LO4`,D
M4)`50`=%*`=$<`(#8!O/:"=K9P$Y<`((D`,U8`=D``(5^0)/H`9`<`(BL)&G
M]91?\@=V)@;)8FX/6$XMD`$O!X0N(D_3*),'09-S4%!$$$5`(`(@$!,J805Y
M$A,3D``Y@`8'@&DW=@,3F0-+`45I!0((0`I1N9M%!B#KB'+V4'A(X`&QE'%3
MY@!Q@3<%<O^)\7025P@"F":1->`!<E`#"$"4!GD=;T!_^:`!KS@!0W@`)X!I
M13@!&=2)?+*+8^B29<,P($`"'+`"#SB9%*:26!)#FLF9G;D&<S"%T14`%:``
MTRF1'I"1`.J*$7`".2`!TWD!-7"84%`#O/0$!_`$;/4$S<B;&@I>DV(MCX4Q
M(]`!!Z`#`E-$6%(,\%)^9*E?!&(''1``_\04GG:=;W4`<M!()1$XIQ!)"*!H
M`P`",.$!_GA0#N!I5I``BCEGC`D,@C4`:$`":L``YW:2!I`S!S!HQY.?^NF9
M!24[)J$``>`&:%`!.W`"$W`"$'0"$D`&.!$`/2`"3W`#=/D$'E#_4"QF!T5*
M!'RWH7PJ46MP9?6"F8\`!Z7"(9M01!8P*7*@G`3"G/$D;]^Q!IDT=G@2'A:D
M?.3()=@!J2>!)_'G'6YW$MB1I$.UI)!P)-MS`"!@!5':!Q=&DH*V`UFPIW98
M"C&YI;A14/+A>&`Z`F-ZF!*P:1V0`Q[`I@QJ`1KPH">@`W1:4&(0`&LP`19*
MJWU:K>/5-5B92K.0B`/P``I$12J*CV5IK9/`BZ;Z"+,Q!R(``#_Z8`(P6W9D
M`BP0`B25J60S&]FHGPA`DVL``#7PGSD`'V^5!`E0`VSUGQ1`IS<PI#5``340
MK%5'IS#Z3QW0?.1ZL7*W!A10`8.A"0]P_P`:*3:.BK&.(%0+ED49T0&<2`(-
M9001=D`-D`'T\!5V($.[!P02D+,ZJ[-+.0<6D(A3X`(.T`$`T`,><`,]\`!`
M$`(+X`+=X@`4@!02<`%DD``/8'#A1Y%)0`,(@`848+$D&[:DM@9>((F"(8D2
M8`%C,[)BJPCFRIZ+H)`5(`8;F'05(`"R=4`?H`(;\!74*C;+MP8[,!W3X0_B
M\83+UY,)H'Q-LQZEL`,)\*(P*@;E@1&0^P`'108#$!YMV[FF%A8CL`&8(`),
MMK8KNGB>:[(=&8AK<+3\`VXV\'J2^0$-,`,Z0'(VZWCK\32\R[M<YXWX4!W?
M$1X*^0=A*!X[@/]_`\B4YB$>-S"TENJY)>M"TCM>$'(?&R<O;%N]=+*8<.NV
M9U(0!B$&5X`#M%5.)!D$8/``=8&?^+!#F!*_\0L`3_@'V]&31V(/:)(TW%NR
M]=N_Q_,[IBNN+`K`JGNN)6L;2ZL!QC(!03!;`M0"'Z!'00``8G$\ZB&BA?$`
MV"$>Q.MXJ_L(IK`=<P#`C:`>4&C"\R+`(GNZ@AJV;UL^@NL$`-"7)%`!0?`!
ML`6OSD(ZPQ)#7&<!9[NS.?L"/6D!2HL11?NXD,!\.QH!(:#"BX"4@BC%*\PU
M`YQ?J-NY!_R]B>`/"2`"!V`%.2`&%9`"4F(`H=,``H`"9_;#Q\-UM<;_"72\
M`$>3M"=@!6_02$5IJLPG>LUEQ8F@`-,%9H(L+RP\+]N+)\;[>6B7)MO!)6IW
M"A,2;QY\)AA1"MM1'4](O-N)'6FB%[<!9AGAC?9K?QB1`!-2'O>K'-;!'AGQ
M07^+"#$\%NVC#R0``FH0I;+75%>@`M]JLZ=0:QM\"F:`I@!P`QCJ`#&Q`%A`
MMV,Z2:E#Q@$P`&VBE!6P0WO27&Q%8ST@FVB``#TP`3DP`6&XG6W[`!HP`1Y0
MPH>\F]N+=O'7`^8R@DNSH^V3)AFQ'1W<>8[7C>T#N1BA'F5WR^UC$GBQ'4LC
M.T]S&VZ@SQC1>:H\!]<A.R98R9R4->BZGF2A_QR8@P!JD`124ENS)P`5;`Q;
M;"C>0LR$<31KH$AF%0%/(-,D8`5T6H0(`%$30@2?=@%/((I_$0!@"A^TF58Y
MH"<#T)K):@?_R@=.8Z\8"P!.H`!`X,7O;&KQO,?5Y1.4=\]J!Q[B@7;YL!YJ
MEP`_"IT4D!YEMZD&'1[,>\NG0,H9@786!`0+X#+-*#Q9XY06]+QJ9RYWV0BU
MG#?]$`$54,8V8`(*45M]@`(N@"6'5ZNO8VLMC0]F0`86\`0VS:!3A096<`(,
M&0`+$%T+\`1``&2FF+0\%@!H29I#&!-D$+`U<0(]$(IJEQ=MZQWR9M5736K;
M2P<]H%``(&-$*0(#&/\!]Y=^,4<!Z]H#5==O(1`"/4F8+]"/&O"\4-L!=5JG
M_/"\`,`>V6(!?S$3D&I<1-`#';"N'1"+"Z#=R,EIF80MJ!2G$2`"'D#/I\K1
M8V&X'L#`8C`#?(2,LX<!5V!55W6OPTS9M^#2E]T#:UH#.E`#0CFFH%VD#J``
M`U"D+D$&IIB`JRT''K``S36>"F`%P4IC#UH#(K`TV`&VU7H*\]?;YKB]%20!
MFMT!4/L$,J8G?T":.4`&YDD"`5"A9D4#3B`!30,""A`>1!`!(%`3QJ+C;(G9
M`="U$Z"--]:UM*E)/^'3_N33KJ@!:."=#EF:%V">I9FL>M*CWXUVTVL_!SC_
M2.*AJK@9NV'0`BT0`TM@X`=NAT^#K(7Q`@]]V?(&`B<@T\IE`8?N`$PA;S(]
M;V104#EP4`/P!`A`!A6PJBKQXQ4:$W2IXEW"VRN(P#(N=XM\$@]@!3`Q``$@
M!TD0773`!RQV`$1`!G00`<]*`AE4RF\0`$00'@#X`I..FU0-40$`I[H>7.B=
MIR&`!C=`!TLA!N\!$T>!8C3V!&V0A9BF>M&U73DMY!J@RG?5Q92Q`(?]8!D0
M!F&@!#)`K^UBLW.0`!X2`?[0`0I@01&@=Q6G`7;UE1:P`'OW!A9P$0-OM1PU
M72ZH=\CI,A5``\X]`8*1<2$@ZJ5>\:6TR'8`\6_@_T]ZT@;F&0"EHA0ZP-,H
M(>2'?0'`'F,@P!Z<".0V`0)FD`#&#@5/,+=H0`9L`J>,%``W8`>E:9[I"%T"
M&@%C^@1T@&))\033N&EE%0#F20.2-.Z2$^=FX0`BD`/PR70#=!4EAT3&X+[6
M`3P'73O="$K=:!+?<2[H8@>21-=V4!ZJ_`90,]">/+QN9_%X'W';BQ&$Z5S=
M9>EAQ6(SMJ"-I!)Z\JPYP0=R+],YH!(OX=,K808[]J)$$`"MJ8VEF<M*D0.2
MI`,\]@1%FM,B0`9B7@%/$)&NX(]+486DO]K?'<N"K=_PIH4WQ@(,P``WQP*E
MQ0LO;):SP4(MCK\)8!O>(?\NYQ'6'131G]>-%M36MVP2RN?!W9CWU._;+BS8
M`X_<`+@`-Y`%#HZTC)RT1)`%=&`PDWS+#T"=0$`!4'#:6$#/_H814(#<S(TA
M1@L%60/<'=#^F@0(.D1R/3UO;ST)0':%0"(6`&M`;QU0'8<]<G^;G)U_:Z!O
M$0!O;J">J*FJG')`$B!H9;)J)!,=FG]MNJN\O;Z=:Z9N;FUP2&U^<,:FI::@
M:SW!S\]O<M":UG\)GX75P7^&IZ;1:PD]PJ%KJ-/`TZ>_\/'R\_3U]O?X^?K[
M_/(`&PITM:FC(\2N?I]V['!CZ,T:AVOF3!O6;<Z<<&^$0/QC1X['-1T)R:&#
M+=K_N6<F,Y$#^?$00W/1>E$;-<<9PC]``(C)00*$&!(7*ARXL?#F/H8CA(S`
M`B?+B(<2YR0HMP.4,W?4@CE$)'&8.H%M>M"!!LRA(5,2'Y:R8V>3.D+D2CV3
MZN:3.J-X\^K=R[>O7W\`!1(TV,:HFP1N*(3S:A%1L!U`(A3J`:1#(:_7,MDY
MY)&1QP0=$5EX,Z<4HAL4$B2X`9."FS<6>E@8YE!FJ%%R[_;KH.%`CAP(<DR8
MX.2"@Q%U<_W]Q1!($RI-%@WI4;I0!P\WSMIT.Q>MNS=VK:TI#+*C)S=IJT,D
MZW%3>[6A#F%=3K^^_?OX^_X+J&OPP7[E)!""%1980$0B_QU88,X.%K!V00YR
M.`2`%0(J:$$(-P!A@1PAK,;:#2#*-A4%4X#033D(@`""""HBT,$!""1`PP4]
M:.!!(KJI,A,`-;W3#QP=5)`#&@@@H(`"%4S`AQ?'")2?)UG<L$<!5.[1Q%.E
M4#!!`&@$8$4T"93"C4O4&&+75G#904=A<.GVT$/1:!D!*.%,5LUD<$9X#5=I
M/>GGGX`&FM]^@A7T'S]K[%"C%1W`,L`+*E[B@8H/!)###H<X(,8"*D(*BP,'
M])!#!"H.D`,L'B``@!U$@/!$F(?<@$8/L*!A00`OH($&!;"L`0`)I.68RHZY
MW62,`[^1()0"!VCP``!(-/D)H/]OC$'EM7L`$4P/#Y`!P`X2/-&!*P-$\(<'
M#DC@`0U\(!*!!@!0!BH1E.C@`!"X4"#!`!TDL,$?!B;@`+P>/*%!#QXHX$`/
MURWP@`,*#**O!*QYP`<1'AP@`F+""NKQQR"''`^A_1E:&$+!S)&#!!%4H``:
M.5QP@&1B5-`!&FJX<(@=FFK`AY=H=("K&'8$L,`!/3U!:@4!T+O&#4\4HA8%
M200`P@1%`^#!K&\@0$G4,?&R8X\=YP-'&QU8\>`!5DR@0P5!L."!$$B,($=:
M92_7P[5\6P"*'&*@<4@""U"`P!,!O'K"$V34$,`)(CSP!!HU+%!!#90+G3@"
M/8"3PQ/_B-/PA!P7H/$`YD_D<`(9D@=`!A\D.+[ZY!1\SJ4()]1@Q>0UO)"<
MR,`'+SS()`]D\DW0N`&"#@<$@``:3FRI0`\D*$`!S#:XH0`-#PP)@I<@)!"`
M$RX&L"7,KPXPN6IO0-V-&T"H:(%O%`000@1HF%*&&U#+9]M#N-G.C^10!SF,
MP`(5$(,8#@"W%#!@"A08056"\;O[`(%OUVH":&C%`40@(@$:D``":I"`$WA`
M`P$`0@`TT"4A(>X`"2!!#@)@@0C4H`/@.`$1;C"!`Y#A#RDZ0`TT,``1/.$!
M:"!!#R1`!OG5P`&5PAT#3U`!$^K@!!-X@0?R-KPN>O&+>2F>_W].AA!3#`<*
M`4CC!1`7KP&D\0$3,,,;`)!&WR0.#6*0`PCJQR6FI7%6-PB`#NB0B>O5*%Y$
M0%P`#H"&)RBQ50^I@"CR%[95C$V`_-`%'/Q0!R0X8`##*<,!;,`"&"A`"B)P
MP#:XZ)<V8)!*VDH4TQPB-"+\L08].$'+`H"%`/A1@1<(P,9^A88$>*`&D@'"
M"?KE@04\X0^!HT`%0$"&8*)Q`@D000U^`X0:$$$$PCR!`L4@`6]20`<YJ($D
M60G&=KKSG;\0X_%09@H/D(`(#F@"=O*)A41XX%NH*80#`$`!"^0S`B&0@V4B
MX($(4,`!#"5"`EZ64+;TX$!:I(P'-O]Z@PX`8$,"*D4'W."S8/U/%*3`Y#Z*
M48QH[6!@(,A!&9+@`@!<P0L4H,`$G_0&*F!P#WAXPT(`\`3C?,^&$T#`"4*@
M0Z;UP)<D0,,+<A`X$#!1`T\X@!@"D`!"#)%I"Z@!.-$P`30XDP3.0^L"8,83
M+'BS4@7;5P`4X$T%!`")9?`1//?*U[YV0IZ$0=[?/$"!-7A$3W*XBCO&\H:V
MU,:PT=#372+D``=,Y`]"G0\VWK0>#ZRR;&`1B!QHHM)]:.(@%`C!!"1P`0`(
MP0TC@`,[GC0'((QA2@48PPV>0B<)Z$JJ/4"`U=#`R!O00`P)0``-(C`D-*Q+
M5V(`@A6Z]`+_L_@6#1H@PF\O$`$N@0``I9L4&D#P(AB"(`0`0``07F:^2=V@
M55UR@"G\2M_ZNA.PA[(O7I#AA_[6H0U(V$!*]:J7<C!L&R!#PG1NT`0%";43
M#*$-**2B"`\>IB%"/<=65&.(J42#-!E.62'"-(<=)*#$;L"4B>$'DT-LI2X,
M4<A)_B`1_=KXQL0+3,D"BV.C\->_`!8PV?PR#?"`3!EJ:4L;L@`,](#"Q'#:
MRF7"!)_7J`,JI=E637HD'W5<1"*9=<@P['+A85CY-=$PL]0(W.,VN]DO^"7C
MF_7Q8TX&><#L1%17YA"RIF2A*<K(PATZ41J[6,4QYG!)L9XAC'-\__@J=8+&
M6:RA889,>$%TPA1ZJ@(.*(NI@G,.M:@1(L8!A.!L6$FUJE?-ZE:[^M6PCK4[
M!E*'6FMR%)AB,UZ*'#(Y^#D+?X8#+H"QB4+#YQ-N2.R5HY(6Q7+6*JDV-'BL
M41=H3]C26%G/,T;-[6[?HWA^&,`-BF'F<IO[W.A.M[K7S>YVN_O=Z<Z%0)0!
MAW_BS=O#&@:]X8`>?/O[W_@N7AO4!080&?S@"$^XPA?.\(8[_.$0C_C"P4!Q
M$!7\GRG+LZC5D6QE:QS@(`_Y7HL'!Q$,X$@H3[G*5\[REKO\Y3"/N<QG+G,=
MZ.!(1("VR%EZ,DV*_.=`I^\_!B"0:"&C#>ZR3KK2E\YTILM;DP!N@\<_/N<F
MT6%-``ZZUK<.QJ%#'2Q-#[O8QT[VLIO][&A/N]K7SO:VN_WM<(^[W,T^]+.%
M]@_PSKO>]\[WOOO][X`/O.`'3_C"&_[PB$^\XA?/^,8W_A\Z0(+=G33WREO^
M\IC/O.8WS_G.>_[SG_\'`D1`^L@]X/2H3[WJ5\_ZUKO^];"/O>QG3_O:V_[V
MN,^][G?/^][[_O?`#[[PAT_\XAO_^*J'%P6PP'PLJ$8U0(B^]*=/_>I;__K8
IS[[VM\_][GO_^^`/O_C'3_[RF__\Z$^_^M?/_O:[__WPC[_TD1`(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>42
<FILENAME>o68633o6856306.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856306.gif
M1TE&.#EAXP$F`>8``/'P[NCFX^3CWLO(Q;RYM-O9U5%,2>#>W)R8DV)=6L[+
MR-C6U*&=FK.MI7)M:L"]NI&-BFIE8K2PK*VHHZ2@G7IU<]#-RVQH9?7T\I20
MC;&NJXF$@<3`O;FVLX>%A=32TEI54X%]>9F5DBHE)=[<V&5@775P;86`??W]
M_>;DX;6RL(V*BN[MZO;V]+Z[N*:CH8R(A4I%0^[M['QX=?KZ^*ZKJ*BFH?CX
M]N+AWZJFI?#N[!$.#]+0S-;4SY:2D.KIY]S:V?KY^./BX'!K9DM(29Z:F']Z
M>/3S\NKHY4$\.SDU-%5/3</"PM;4U&YJ:%U85<7"P#TZ.>SKZ7=R</+Q[];4
MT=[<W,C&Q>?EY%=24,?$O6=B8$9"0>KHY$U(1M31RS`L*]31SE]:6,;$P=+1
MT#8R,=K8UT5`/L?%Q.SJYLK&OQ\;&^OJYNCGYNGGY3PW-O?W]OGX]\C$PLK'
MP\G&P:NGIJNGHC0O+\C%P?S\^_S[^_O[^HF'B-?5S:BBFO___R'Y!```````
M+`````#C`28!``?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4B&Y&!((=##J06!L'
MBA9&?YN=@@<B%I!I!7^7H8P:196UMK>XN;J[O+V^O\#!C'T[90I_1@9"D!]K
M>(H/!LC*@WA).9`P8'_$3(T71,+BX^3EYN?HZ>J"Q&LE><D'`^`A"YMP$IQS
M*W&"S3,@$BA`D>'%GQ132$2;)D2(`R(FRF`3!(""@2<,\OQQ,N#/`XY<UGA0
ML(,)!@@&LE`XDH=#`@,.</P!A^'$"0SK<NK<R;.GSY^%B&79,2#9@R0&3HRH
ML.(.%B]W%)BX,ZA9DAE18APQX.1/,SPV=DQ;8&1$B"1K)OZIL\:$F!T\__[L
ML/$'P8X/6=8PL%"R1ML$8.JDN&.@PIT2-RYP>;'&(-#'D"-+GDR9VXX:"91$
M,"!B!P0$!I)(6&.!RQL&(R!479.)P)H%7+TZ"SO-Q9L,?U0H49OER1\D3T#(
MI6OWCS;+-4"($00"Q(0=G52,,'-AQPX'*"IKW\Z]N_=)W?BN,0!C!X+S-5CL
M@"%F2(D=:%9S^(-GS8?87VDGZP!FPA\.4:A%Q!9_Z+!%.'/5)=9QQ-@`DR`E
M&&`7#?_95]T(=RSSW88<=N@A4-W\L<$.!FBP%`<7X!;!#AYHL(,24JP&@@HE
MO,$""&<0X,`.8(F5C`4)1/%``FD-LL(:&OBPAO\=?ZQQP5$+KM$!#SL\L,((
M-10!A@?-;*!"%DGH`(X;.YCPX9EHIJDF+R1$L0H.2SAP``5G>)'%&+E%00`9
M7)B@D2!`>)&`%TEH@$(.7'A1PAD\=!#%'SXX$,`<22@*0@>#D*`8%Q=0\4<%
M461QP:,=<.'`%VX*`4(,9\@)!P1GQ,"%"RALT-4&,;BQYJZ\]NKK(#0(<(,@
M;+"AQQ\XX,&"(#<($$<0`9PB2!`I4,&#*X*0H`"U<6`@0('&(JL`%5W@-$@<
M"O30SQ]Q\$#"$=^BH$,700C[1PL*\-#"(`4,$(`@.K#Q1[/F_FKPP0@GK/#"
M##?L\,,01RSQQ!17;/'_Q1C[1(499@0AB!1-X+#'("P<,0@<NA9R!,?[HD#%
M!S@<B^P"6#![0!/29JSSSCS;4L$;M[5P@!-W>/&`('D,H<(@-9A)2!PK`#U#
M'%A4`(8!F%K@11E9K$(!%W=,D7//9)=M-B&C,5###CJ^\4`$:P1!IWE_#/!6
M$H74``8,#30&P1H<E%#&$4D\X4()472Q@Q$/[$#!V9!'SK,$$$@1A'E<S%#W
M#@68P03=/S`!9B$=;)`&"TIX(,9R'>QPP`EX:CG!&AUED8#DN.=>,1M&O+:W
M;,_(A<`@0^"-@0)XQ,6N$3M80,0%?WS>AR`/E'&!'V!\\$?QNG?O_<(*9%9#
M_Q!E;/`'&6L<(SSQ>`,!0A($-N'`'2($80"!C9,`APAG@)""!".(2P1B\+T"
M&G!7&'C#K`2Q!`*Y8`?_6I\@N*<#%>2@`RP0`QAHM1$O_"$L-&#,#'[PAP)4
MZ0]O<-H!5\C"[YQ@!R-(0A(:@(`1@&`-OA$$W2:(-T*4)X9)8(`*<#B"!`QF
M!V](`@C<<`8PW/`*+8RB%"FC@O.<IP<8T(`),A#!NO1@$!QH0"$X8$4$**`%
M#QB""+#``@I8T08K6X$)'N"Q*=KQCGC,HQ[WR,<^^O&/@`RD(`=)R$(:\I"(
M3*0B%\G(1CKRD9",I"0G2<E*6O*2F,RD)C?)R4YZ\O^3H`RE*$?YH560\I1Z
M]`\J5VE'5;+RE2QT)2QG^3TM-."6N,RE+G?)RU[Z\I?`#*8PATG,8AKSF,A,
M)B[G0\N$J<$/T(RF-*=)S6I:\YK8S*8VM\G-;GKSF^`,ISBCF8EF(NR9XTRG
M.M?)SG:Z\YW>+*<Y#89.>-KSGOC,IS[3*<]Y,H(%?:!0=^JYSX(:]*`(96<_
M_8D('#C`"1[(0@:2Y@U4D`(R!$VH1C?*48[V$UX"","Z_D"%D<YR!3/PU`)F
ML`"E:<`%`-#!`VZP@";8(3XMN((=+%#'=&2THT`-JE#;V<\B.&`&,(B%5)0W
M2RI<0'U_.,`/A@""$"SA!1__6((`[C<#,/R``%XX0=?6\=.AFO6L:+UF/X=@
MAD)LX0W!FZ4`+O`M0@RA!A^\0%8%L(4%_($(>/@"!ZBC%G24-:V(3:Q0^_F&
M(21@?$$PP@LB$%=8)@:J$(#"$+QA`[UJE:Y_Q<,$DE"!)Q3V'(=5K&I7:U!Y
MTL`(/.`!"#30`1,$X0*5A24$(D`A%6QAJISU[%R_!=@MJ*`%)3BM.5++VN8Z
MUYWRC(/`1,2'!"1@?EDP)PY.4`$83&$^,%A%Z8!@@BYLH`L;X8$((F`K\ZF#
MN<^-KWR_*<\4)(`''[@``8#P@0^`P#'-S`,/\&`N%@P+`SH(0AKRH`.-L"$.
M+>#!_P%D\,7WSO?"&`:G//.P@2TD``(CS4"%&>H=^&;XQ!E>*(G59&(4NSB^
M*EXQFEK\XAJO-L8R_A"-;<SCM.(XQQW:<8^'O%@@KTG(1$[R1G]LY.](P`U0
MCK*4ITSE*EOYREC.LI:WS.4N>_G+8`ZSF*,L@R:G299F3O/"T*SF-AN,S6Z.
M\Z[@+.<ZGXG.=L[SAO"LYSYOIP-?"+2@!TWH0AOZT(A.M*$7T%,_.QK)0&V`
MR1Q-:4AW5-*4KG1\,9UI/UN:HYSN="'A,`6H$J((L=C)IS<::E$/\@%@<&\A
M'D!"GJQ:HZUV-2!IL(0&."$%*'!!$J*P@C\X@`=F$$,4'/]0:Y]N>M*"*`"F
MD%4!$#"@T;INX0'.$-DB'.$,`UB`:@!K!QCHP`%XM?!S0XV`)'A`$&)0`0_$
M@*=L2Y$!=U`,"%!0!`-$@"Z`K<(,AA`#Y9;CU@D--1XV\&X!<`$*&N!!P>R]
M0CT8(`=,T,`2I'`%'N3``&X`[!2,H(`(&)P<"$=HJR?P[@'L#0).J`+%6VB&
M))@L""=H]PLFX`4=`-8!&]``%U2C;N>N_-W6,-D4<#/S%1[`E`=Y```@`(,O
M/H`-0H!`'0;``+(^FQ`L_P,;SG"$(,Q`!$WW9\H/>G1!P,``"1!#L]-.R[4;
MM-48\-0?4%``?=%]GG8O:*[_GN/_P.]S\(1?L>'UB?C$,W3Q^6R\X^=)`#58
M_O*8S[SF-\_YSGM^\Q8PZ>1)/`$:F/[TJ$^]ZE?/^M:[GO79&;V,^2S[VC^"
M]K;/O2)PK_O>%X+WO@\^\(/?^P9@X/C(3[[RE\_\YCM?^2V(/?&!#'EQ-@`)
MTS=R]<-Y_>Q3_ZS=][Z,MP_.\(M_A7$@@>@'<8,O]D#OJ@8_]L^_PN$B0@C2
MJ,"(=4+^;YJ?_@4T7`,@`!!``9WP.A;A$6P`!P00`LQ4=$+U?P#H/<,U!%GP
M-B$`!$G0`2$@%H!%`4O``6(P;<YF5O^G*I[2`4L0`4O011/(,Q6H`7_P`A>@
M`9IC!H\"_U@?4`-?<G+CT'_>9'X$$`%1X"E&0`$9M#0OV#,5&%P(@!LXX$&`
M501>$`)9X(/B`(3=9'XL,`!%6#<"L`!>T!%+"(-TM5EYI0`&\`,:L`:A=0$2
MD`(@\#@0&%3_)P!?^`<]$`-OP`/25X88TP4P((BK0``P``<G$`7N86P\\`)*
MD`!3<#MU&&GS)PAX2`48,``8D`<-8`+0!HB;I(7<=(=%&`?H=@,9X`'8!HJ8
M)(K;]']LX`0XT0$14`%3D&JLJ$FNJ$T22`@8$``RDXNA*'_"R$J[F$V]6(RA
M=(S8E(S*^$FVI$S2N$L$$"//2$H2@`3:N(W<V(W>^(W@&([=*/\%`G6-HC1\
MYIAIZ)B.CK:.[-AG[OB.>1:/\EAG]%B/<?8`!+"/_-B/_OB/``F098:/=;=/
M*4.0L`2$!XF0QFB0#`D)&)`"`B``Z`4)TE4+*-`%?Y*1$SF1P\(+5-"1`J`#
M?UAB#OF0CM`!)3`#,^``&3`VBD`"1$<)1U`"%5F3)L"2,V`%BD`%'0!_CL``
M3Z"3-0`'07:2@M`$"%`$0"`9).`$4`F53#<(/:"$A<`1B*`%.!$$4.`#'5`P
M9D"&C?`!GU@.9!DY=7!1;)`$"H!@[+(L^%(`'@,``W``>D`%TX,!%L!4T[*7
M^W($`%``"W`LQ],F=44%45!7@Q``>)#_`A]3ERC0!PGP!7^``7CP+WH0`#^0
M`CK0`A9@EX/@`3!`"#<P76D0!SIP!'[%F)T0!RSP`V<D"%0P!]8XB?!TD#_@
M!$8``0FP?CVA*=61!!<``=!R"L?!+@&@=PE2"&GP)<OP`3%0!!=`%W^00=#C
M"$N@/>B0G6AY41C@!0J0`Z2`!Q=@/TZ0!.:F!`Y0!A2`!^&P!&(0$",S0<V1
M`#>``#&P!4J0'F(P*&MPF%$P``V!!7O``5XP!67``220!4X0!1(``R-@`D`0
M`Q=@`!0@!&#P!`AP`6+@`&!@E1Y@!`TA!!C`!-+P!TLP!A<``@Z@`DMP`4DP
M!GC`!5L@!@9P_SP&,`4&<#2V^4X'J0$5(`@.P*.2L1Y_$`!G,`)KL`$2``8[
M4`(!``9KL`89@`()$@*IU@#)L`QS]!_2D`<FX`77^0HFX`/]<P`M@!4@H`!C
M,!Z#``,0("L<$$*58@=L(`9!0`!#\`<4P*-N8`(FH`)58`!G<`)!@`'*Y@6A
MH`$&\`8B0`%K4`$_\`11$`&NL`05(`(NP(<P4)(04P=E0`1$D`1\``?B21\7
MD`;3(05F8`$P(@16X)Y_4`,Z4`!Y^`=^4*L1(``(``$HT`$.D`,5$`0X``8`
MN@36-052@#S&@0`:(`9LT`96,%Q&X`+1LP08>@```(<H$`+%)@@></\'UI4`
M8V"B#*2B+X`"2X`IM(@'($`"0;`$!'`">*4!DEB"^720'7`!-!"O6,@31@H#
M,0`$.=`\9?$#?B`&'.``24`%"7(`1DD(U)`%9'`^TE`#1K"A@X!_$J`#65`#
M+P`#+#`!#@``,6"M$S0#+"!'9/!;`W"C7%``$/`&>;`$V"($7J`"*1`#9I`"
M)B`!6@`#;N`#)_`',0`%6&`,,3"OG'`"(2`7.;"M-?`Z9?FI#C"1"N`%!#N>
MT*,!6Y`%]5,$"?`$=>">&)``6S`$>1@'$9"V6<"K=,$$0R":))68LFFW@R`!
M[0$""(`!%%`"6:`!P\4%('`!%Q`"&$I2%S#_/70+KJ,Y".:*HBHZ/=R95>0I
M"$:0`R`@*BGB=?ITD'D@`@DP!`9@E9%AI.CY!QB:`\?1`V+@!6!0A,MI"-10
MN5FP`$K@`F(5"_@G"!>```[P!`X0`5#*G1,47`S0*A<0`P7``!00`C/@`MDE
M"$(`/4T`!@[@`%D``6PP<%E@!`40`=*RKDM`(9<+!LM@`UF07'\R,6DY"`:P
M@T.0!PP`K0S@!A.0``-0`VZ0`4[@GD.R`"Z0ASV@!`*<`'`;/4/P`@YP!&$P
M`@#:!U0PP7L@!CX@!%-@1AV`!`@@!@)@J0Y@@%R7N$[%N(_[!QYP`A-,!2W`
M!&>0!T+P!I/[!UD@_P%Y4`<5X*YFL!4#,`,^```/<(^WH)"#(`4N4`4+L`1^
M-1E&6@(.<`,*L`8/`*$8L`5GH`)$Z+#42;O+,`680@!/``13P!Y"0KTG>@$,
M<'8?,`;'9;S;$UP3$`$?$)Y40`)BL`$N<`'?JKK0`P1*8`$?H`(*,')7``-&
MD`)B@`2_2@5+\`!BL*AF@KY!0`86(`%)@"WN>U%_,(95,`(GT!Q4$`,S4`(A
M0`))8(4^X)X%<`8S,`73(0@!4`8A,`57C`!Q.P0_<`$.<`'_>;<)8+@78`8S
M(`8A(`99,`!94,R<D`4GH#4G$`%%0,*+B\(G[`'":;@O$`9<<`)3$*/3;/\#
M3W`"!F`!>'`&%V`"(!`'#[`$'F!<GINO@R``&,$`"="^ISN:!'`',Y`%=T`%
M&>`9%W`'3E`&LDL7.3!W?T`-#P`"'T$+@M!9&WO&-M`!%^BT<4`>Q!-<0,`%
M'4`!68`32B`"JDJDU5N9!E`$'?`$*AIT(+`%-[`$(E`'22`%7%`$11`!'+`$
M78>^&#"<'7`'BJDS&$`"@Y`')#!=05``.:,#WY("!0,'?I4&TT4(08"+B9`"
M;)#4?P`'!0``@I`&CLD-$P<)-""7A@``TX.J0_TG-+``$=NC[K20,ED$8PT9
M$U!A''`"(M`)5$``#Q`'!5$`$D`%$Q`*#S`V#V#_+G3`.(0@#X.``3Q:EW^@
M`">@`CA!![(V`"3DV&ZP`0PP75K@F`0`?YDX"`A0=>P"`2^0`A`0,"(``5ZM
M`8^CI0.@$9;]&PBP`4N<9Y<+%$2,D@?DFH_QV\!]2L1=W*-TW,B]C$BYW,S]
MN<X]2BI``M1=W=9]W=B=W=F]+]$=2D+<W?/TW>#=3.(]WK-4WN;]2NB=WJNT
MWNQ]2M.MW?)-`D#YWJMD:41MWZ^$W_J]W^&4W_V-2OP=X!%3!P\("0^@G9,Q
MX`3N,`"P!G<0C$$0?3=@+BC0`F]=F9\IF_-YE^U+!>6(K]X$X!@PHAG>X+VB
M`B9`!''1`\0[=%X0`S*G_P)<$`-'LP*V4@0/0`40$`5$P`8IT*!9H`-P@`!1
M4`)6O5S_/0@,@*P)L-LHSBLL$`$'T`"&B@=W@`,^T(+".@`5$``D4`8!D`4S
MP#LY\+=!P``0,`$0H`=;4`-HD`1!(`'I)N+=E-\M,`53'>6^<@5@T*LQ$*M$
M<"B:([<90!XPP"@1<#29&P)=%Y$6D`$^4'!#4P%%`.6HM>1_\`,)($<4X-5\
MSBL^8%HY$`,J(*NG*K<K0%EX(`%L@%O(D`,A0`M#70%;\``FD`/>0HMC:EB:
M+@49H`!B*(.AOB8`$`%D6`0SH`7AD.I#$`81X`(=$`.O_@R9^R5DX`0,X)(<
MD/\$(@!6%@!S[SSB@@`'M78",UGL:)(&=$0L#X`#$E!"=/`'6,`!**``&P`!
M3?D`_T('!=`"#4@!&!`&)[`7(A``'#`#"%`S<(U-^7T?_;"NZGY)`QX$';`%
M6V`#=3WQD,3@*.`&*1",'#])##[RF53R)D_QFI[RK;CR+&])^AB0,D\`8?WR
MEN3>-O](.)_SC;3S/+](/O_SB13T0G](1%_TA21I1[#T3-_T3O_T4/_T]HST
M?12-T_A+M4GU?:3<6J]'7-_U>/3U8%\9+?`!3&`!.8,!2>X38C_VDD$#3Y``
M"!`!9^#5,T`&`R`<D='V;O\8>H``,^`Q0?`""5``99#_`2[`!76P`F%P+R^P
M`E#T`V-`AW9N3P?IHB40`0S?]S\A!0F0:BQ0!EIP!S!``"/@`T;PQ!EP`D4P
M!`]P!5YPPKX.W<Q1!RSP`NG.^3S1NX2`O@;`!.4L-)9Z!Z<^!5/`!`Z0$\3M
M!:M@`7JO^SVQK90I"`MP!ACP^[(Z5VJP!B-G!!K`!+(_^_",N17P`$]`0-#?
M$RB@`2"`$SI@`K2`_>$P5V'.DS90!."O_$@)`"X`"`PU)G^%AH>(B8J+C(V.
MCY"1DI.4E9:7F)F:FYR=EB]/#@X(A2$16C-_;!EL'%L.&S\?=IZ6:GZXN;J[
MO+V];H93.7$5+K7'R,G*R\S-_\[/T(I[.!\X084_5A@_?WHL>GDX"SI_<`#1
MBK>^Z^R_A@0.%2M'Z/7V]_CY^OO\]NKM`-D!,X0A0+^#"!,J7,BPX:5_`2/N
M&NBPHL6+&#-JW`11HD>*&T.*'$FR)+Z.'B."-,FRI<N7,-.EG+DRILV;.',B
M1#FS74V=0(,*'<JI`8"C2),J7<J4Z1ZB4*-*G9IH`M6K6+-JI61UJ]>O8*EV
M#4NVK-F78\^J7<O68=JV<./*59:'AMV[--[.W<NWKR02:@(+ON6WL.'#AWA2
M0,RXL5S%CB-++@MYLN7+FP`(V2R$!0J,E3&+'AW)1BA1-EKP8U'@#Q4%//[0
M6)"XU_]BTKAS)_(`XQ`<;G]^P&%QY,"?-A^DH+C!0LH"#']0Z$B^J44(`#IB
ME$@@)LX,,X9"ZQY/FO<A!5L*15`0(A24)R:X?%``PDF))S2:9)GQ9("F*^F)
ML$$00<1@!@RW_2$>>0Q:YD$4HC@P`!,&%++$&!<LED4'?Q`0`1Y/D!!$%@2$
MX(,`""2@B0^]'<#-`4K@@,<4X=G6X(T.&L$9!A1:B.$7?WAAP1\\9(''!7K\
M,44=8B0P@Q.I9'+";3)HX`0%-)#@!!N%+(CCEX:99P@37LB6!(9]_&$`!W\\
M\&$)WX#PP!02_"$$FYD8D8-LHOCWAP`7"-"EC6`6:A@$!H3_H&@#5<0`P18Q
M##`%;0QD`4$,%N#QQA8S<$$#`5Z(4((&FJP`P1\(F`"$$"D$484)-`S*2X*&
MUCJ7+!_DVBH.3.!P``8IP/%'$`LP<0`*>&P!Q!4L_+''`4Q8\5DF*CCQ1P59
M))#`!3CD<$*-L]HJ[FA'*O/#%+$B4L$5X.Y"Z[CP.@8`>,F@P$$8B-#``#VR
MNAOOOP!7XF7`!!?<KB[O&JQPP`,O[+"X#3\L,9@"?&'QQ5_X,?'&!.O%\<>&
M>@SRR#>*3/+)6@&`Q\HLM^SRRS#'+//,--=L\\TXYZSSSCSW[///0.,A!,I$
M%VWTT4@GK?323#?MM",8Q/9''N04_R*``LT6`-PQ/PQPSC+2$:3`L<C$T8,"
MZ?Z`1]5<SX&$(3SPD(<R*'112!QXX)`,"P((T,7<!RA`13(M*$!"DB@4P(-J
M3S/"@0]_8.#"MW]8$$$()N@@0`;0U7)%!!M$P&4R-X1Q02$RG&"$`QP>LWH(
M#@"@P!28Z^WY%AN(84$+#$PQ0Q&='_,`%W^D,$,(%\PQK2<SF#!#!CH\<$$(
M)XSNR1$5G/!$#7^\X,#SP3=^"`H;R/&''6=4&$0"!,3A`0-_;*&`ZT6@8`3\
MR8R1P`Z%U#$%!A8XPS%TP`4SY&$)%A@"_!!PJEJ<P`-_R,`*/F``'=``4\A@
MP1G6\(<<E/_@#SW80K-JX06*+`$*>:@`_CRA@AD$H0,0P,`9S(`!)SQ`?(D(
M`"$*42XWE`$Z'*B0!R#G"19<@#8*<`"_D"&$"BFI"'_0P1OLY@D`#"`(+3"`
M`KPP/PMDX1AN2(,%2D``":@H?MRKQ0^<,`$P_"$$(BB$`6ASO1$,80L/8($2
MI/`'"CB@%D$P@ATV(`(<\(`+U]@`'W"(B`5$Z0_E$H(;(4F$/H:@%H`25!\N
M,+AD-+$0%["!:Z(@J&,<(`(G@,,2/O"'#RP!&3J8P@AJ\(+3_2&4QQ"0)/^@
M)PNQTA-=.$$!H"`&"41A<#:P92>H<($26&`##L!#)?\``P@RTA#_'S""(<KU
M@S(,K@,1Z*`V/<','K3)"-?PI!-G0(INAH\3$+C`#=4T/_0<0P5#8\,2$""&
M0HB!`+5(0PFV4((U^,`$<?S#$JQ0"PQ4385EX`8"QMF)%DPA-J<D`!=N\(<-
MD.*:A<"!"9($R=/M(0(OJ((-_^"#!GKB@4!@WS(^^0<5#`$(+PAG+5+@A1KD
MZ@@S@,`!*F"R2YQ@`SA0@0D&L(0%6``$#/5$$(#P`1>,X``U2,`!7A""=VJ"
M!\J:PQ'%4(,F.`&@GD!!'4YP@"*8@`HQ>,``G%`%D!:B!28H90\R4(@#;&$+
M-/J#"51PC#`X(0)3B,,R?C!.#$`@`@FH_VLM!I"`"`$!"%-`+-LZ@9XA)&`!
M09#`%I[0`9)R+3TR@`%DC=-0$T!V,18@:`84V]`*7&`+8_@#.!.P0KM2@*^-
MP,`41FC7X@KE!W5JA`(D:]SF.O>YT(VN=*=+W>JVY`-+C,81?FG=[B)CE?9P
MI7?'.PDL>*$"8H@!#5*0@!)DP0(-6,,E2U&"^+B`!2$H`0A>L("N^I&E\PQ`
M!"+```DT*0(8F$,6(F"@(V1`#/N$P1HR<``0N'=(,4B`#2`@!@-X8&[D[:XD
M%5``$!3``2)0@`B>P(880,$0%S#"#UY0@2),00$:>(,4*A"&""@!`!6PG0"R
M\`(@<$&N$9C``_\0L``0U.`*!L`"#F90@Q@$X`(O^$$-Q+"'$4@``$JHP0`T
MP+@05W>7S%1#$DK@@`B`@`K@!:4HF3`$!WC!`1>(0@`R0($8&$`"&S!$)IL`
M!E%8J@HS&$(2<C`!G;9R"51(@G$$<$P##`T"6;A`!T!L9NJB^0(*B$%L`,`#
M%,3YEG,>P@SB"`<%Z$$%2R"J`6AAM4`!(0E!0`$.4E""^CD@!RIXPM14`(4E
MP"%2?Q@`$8)@Z2`H(`@]>,*0.NUI-S*S#QHP0(HH@((D6!/5?Z#S`+*0@43K
M80%O>(`41L"N6@L@"&(P00:X<`#7KN`-PGQ"!H:PU"04(=L9,`"'FIW_A`V<
M``2;I39T;S`_/9``.CS0P/R2C:<_D(`;`""!G33``8X&H0"QZD&9XT`"VI91
M4%)0@1RD\``,4$$#'8A#$`;PXC%+K0<<U8$$5/`3A?O\YT`/NM"'3O2B&_WH
M2$^ZTI?.]*8[_>E0C[K4IT[UJEO]ZEC/NM:WOI`?/'8(((`""C!P0PCXR1%[
M=40&N)N(&9CS$0^HK"AZ(XFN)>(`%*4$!O#L@"V(@*.'2'LA'M#;0JC`JXTX
MP@GNZ("$*V(`/\#[(O9MB!D$NJ]Y?T0&'"`&,3@`N(GHP2,]<0#.&4+&A6#`
M/`W!V,JQ5A&$/P1C/[H(R2?"-!%*S2)0KP@,_PP`\9()0@76?H`<&``(KMA#
M"5S0!.#H8`%80($>="`#+`2'75C001/:4`@6?(#[0V#"48;%C1:LB@AX0,$/
MFL!'%,B@&H>8@`ER]0$@_.$("P@`"^+@AL\`@`5NX`8+<`X2X`3O)%XZH`-8
M$`1N\`%8\!39MWV)0`510``?,`!G\`$H(`3)@2RG$P=2<`!#HGTX0`-@%AO(
MD0+2QP+3P4>(X`(78`4+4`&G$@0'\!R10PY[@`4`H&FNA`5FL%DM$`5@D`)_
M```CH`'_=P#1\P<D9P:*!0`+``3I=`@'\`&*\@%6P`+7<!08P`)8P`&5=`3G
MT`(+8`TWX'S!(P5-@/\#3\&"9Q@=/[``"L!)AF!IA:`GO]&`1T!VPH<`<(`"
M-]@Y*;``%)!W'.`%7#`X7X@#<+!=0*`'KL0&V'4('C!_NM("/Q``"]`"XC`W
M#P``/W`$T<>!RK$`%X`OTQ$`GT$%37``57@8#Q`[A@`&=5`")<0%)K`%)F!^
M)V`"3R`$!Q`",]``(,17\!$!%?`#/S`$$>``"Q!^-D`+DL<`\38">%`%>!8!
M/X`%4W`!(/!Z$_!M3LAA)F`$.!`!?/0"?I``Z`4#&``"8'!VA2!>#.``(5``
M)7!'\Y.,RX@(%%A*)<`$"A`!0S`$;5`N#-`!A!<')G`!8H`'';`&1G``4S#_
M!&(`!&Q`/:A$6X;P`B4`'5OU!QHP8!M`=O#S`UO0`7<0`1^0!!50`O-5"'(`
M`C/P`KI%D3:`D9)7!^V%`'&P`@.51HF``*2``13V!]/X`$X0`A)023#``7FP
M`<VD`O6F&BG6?2<0`2606QM0`0X``G/X"A=@AW(T-+R4`Q_PC`G@`WB7`E%@
M(%>P+3`@`P<@!A>P!(%5"!"P`@9`!FWB`,X$`Q?P!"Y`!F>`9R?@@G\@)O6H
MC(EB`EEP0T;0`T:P`3Y0D`?9!@AP!QL@`Q5@D%?0`HN7`(2%&$'`!7-P"%QP
M!5-P@\U6!@&P!,9@E#D@!J-3+FO@'TZ0`S?91_O&_P3FX4H%R092H`10,`,:
M0`4B<`(V``(`0`>K-P%*H"WL,P@T8`4@(``1$(H.P`$C8`8TX``O0&>)(%Y&
M4`%DMP%P,`.]L9M_T)L`&04P@``;X`5>)P$M(`9,@`<E@``7``<Y8`0#D`1L
M,`"$!09"\`)%<`,>)0`@X`)!L`5X@`@Z<`%O``(^H`-!,$-_D``N,*!VXD87
M@`<?,`(Z8`7$<U<5H`!N(`9OHZ`>@!_$*3H_``(#``-4D(B+8)2N<0%IPALY
M$`,8@`=G,'QP0`!;H`-@A0-GT`1A8`*=\P`K$`0:,`1_``)0M`6^R5<`VDEJ
M@I9ZP@0CH%A)T`$5HB=`D/\%:4`%"9`J`+4ZAJ`##H!5WV(#4?`'9.``>R`]
M8U`&P/`$.%D('G`'UCD&9/H'"I`%85A)!H`'!F`,$*"?_)E),/`"5"`!2]`$
M,>`<A><72%`&I?0'"^!,_60##)`X7&`!:\`%1/`&XYA0)?4'"IJ660"8--`"
MX3><2U`#%1`=1-``,:`$45`&%\`#)0`AUC,!,\`91\`'O=&#`M`!4T``2/4&
MY+`!'F">B(">.,D&)7`&]$FK0]-+AT"!&L`$3&!]`U`"7%`&_5D&:X"3`XH!
M"?`&#M`:"EH`3L`%7H``F71+%8H(>8`%`Q"3?1`!Y"`"12"BNU2B'U`F--5*
M8!#_`T2P!FA`KAX0:*[DJ]%Q!`X6`V<0`SU*"M?6F#"0`[^*!SNP!FS"!V`0
M!5'P!GC@`T4@`J#'!D;`!5F`I26:ED[`)E]@EF&:ASG0(PJ%IFG)!&L@LR/@
M`$MP#2_P2'4`!D00!2-``S803BRP`3$``A<P!D[DF!Z@(YO!(Q6R250@36H"
MJ7/3KN_*!)D4`V50K&6`/6]0`E)S&``0!>;S!S+@!0.@`,+V!/.C`B$P`2>`
M`GG````PD-MT.K6J)UO`+@K@`KL::%<0`P3@!'%P!&=ZK,4#&SR0!@?5.>-X
M"")`(Q4F`#^0!!&@`@(`J-?"`-QZ".B9`RU0`2)`!4;0_QN3NR?G2DJ'8`!U
M@`'\F2P'\`;%5Y$#H`,0\$$**@8^0`7U&;`_>P@G\%$D(&E98(2#I;)_8`8C
M(+#B-;$(X`1]$P+`*P2\2@!3D`<84`09$"@#4":*X*/,%!M3D++:A`=<4`!+
MT%:]$0?,`@0&L`5G5P%&D`8V);!IZ0!U\`<-0+1",BQ&@K1+H+1Z8@%.I`!:
MD`"ML0([]*$4(``XL`0<D$RHD@!LH`5A^P;0X0`KY)CAEK:<Q+:/ZD3&B[QR
M&RB5^P=20``_``54\`(DBQ@HP`!O^@(GP``OQ`4DX`4Z@`(^T`$%D`4,Q)X1
M0"_)1B-18(0;4`-*2@$7(`'KHO\!8N!'2Q!+)R`"93``"$">0P`%#U`"+S`%
M#/`4)"D&1HD`#0`$#@`!1F```I`'3I`%!R``:[`!$.`$)#``4;``!-`ZI-I/
M8TP#$#`%=O`$_Q/&'54#5D!KKN$%1F@()3`E7N`#DA)!,%`#&U!B%&`"IW('
M&3`%%?`""1`!*3`%1C@%`S`!]E<(/``"(D`!4U`_%W`"12`&0J``O68$Y:N,
M"]!/*2!LPS(#K7.P.A#&$,!7U:P#%0`#,%`".9``%!`"2O`#E8P(#``_-)`!
M*.4%&0#+R08"@L4`))`%10`#$'`$+;`$#L"8\60'4"M<_C'&-2"H%S`%8`H#
M)D`!N8/_`5>`S6+@`L(&`2#``R>`(`Z`8^ALDX4`!R`PS!IPJ30R`?MU`@+'
M!=LK!MP%`6]JE!S``<*V``X]`/C<']B<RA2PRFSP!"+@(1+M`SBPQB<P!=#+
M&!*P`AD0!I]Q`'Q``H2E!PI`#BJP`FG$`<%C=X?G>B_$!RZ0!Y"'`76P`A9P
M0T"0`3`WBAK`!P#5`B[@`2\0/,67`WC-(210`QQP`5SB!QF@!P*@!!.P`JKH
M`PO0`;37A!9@'%['`#U0`U3PU8UM!2[U0N%3!1E0!X9H=SI@E4-"`'Q``5RB
M`2]P`"+``#BP`KX''9!7`Q-7"#VP`BO0.D*``"O0&GG0`7PP_P:$Q0%%T(1D
M5P@80`>=9,`L<'@?4%=-B-HB\`-FO0(D4`1"H-B(4`"M$1P0(`(#4`4B&!PW
M=`#LP@,K0-J%8`)$&1P,(`('4+V0YWH8H`(94`571!`JX`'/#=Z#EP(WE`)\
M@`/,R0=FP+@O8';3I@-C`'@8P`$+X!\Z\`(^\`,90`8/P-L#CDUXC=<#P-]1
M=$4_<$,/\.&%H-F<O1@:4`=Z\``><'@H<`5\0-WQ75QRP#X0\"T3<`9<0FE@
M:@@#\'J4<(/UT`&.=Q`]7@L0X`7IPG4;H0<6P``:(`.50T<W8`%\;#"]HN18
MGN5:ON5<'G2A$R&QW7OT&`GZ$R&RNO\);M<('P!ZB?``H@0)<1`";'X);.``
MP'=ZK[`%M&<(I7?GDF`';TZ_?MZMH*<"IYD(,5X+&?!V$?1VL;<%6[,(#S#G
MT+4$*D!_`+"#'P`,*"`%'V"$EB,L0`CE0:"`.@#00A`^$#`#]'<`-T`.I2[$
M"A@'6-`$Y(`!(0A:A9`"E5@(+O`#V`$$L%@."P"+=,8<T>$&>K`'*6`&?@!!
M&%`-GV&&9A"+3/4$<_.%6$"*4F`&`,#KJB&(.-B(9M`"&-`!6`0$.)@(6_`"
M'X"F:5`\"\!':DOM''440.!0SF)]4F@%26X(U10$-2`_D;,`)"`L;K`9RIZ=
MXQ!N6'H$.F#_E$!@!1SEBK!8!4K``C2`''P4!#_0!F8`Y89@[T<(`%90<G]@
MAC^0O1`L3N0:!!H?@#I`<@LP..+M\2`O\H7(F(R$`4\`$@_PD`F``:\"D<-8
M!CPP`*YE+3R`RP_@G@F0`9PV`X?^!V.`DST`11<0T9B[!9Y+`!<P`P*7!PHP
M!!?PF87@=G9@`E,@!@]P`X\U*G26=GO'!G.PCR#@`3*P`A$@!E>``0R0ERI@
M6AOK`.84]!$P`+A3`M\(`C9@P'0I`P\P!!4``G50YX"_!1$``X!W"#^+!2"0
M`@=P6PJ[25W``']E`S=@`S,@)RFY!7'P6$^P>@#O`1W@!<-\`EN@_V'4Y``)
M8`(L<,>@0P5TA@$(``4(P&9B0&:EJ0((L`8V$%NJ)HRJ5@(4Q3NIO_I&,`5R
MTE$E4`%>,+`M+Z(**@$4X`:[_``JL,LFD`>3?@#5KTVCK_E#[C0/``9/H"TM
MYP-L``AN46PS*WD:!R(09F<Z`!=]1B$8<V4I/1%L?W]4!@8)"3`_)RY_#!`I
M(V8#3FQY2W@;1G\')1T&<7\&3)M$>#`E?T473%E_"A%,0W@7G%$'$2IY%QX,
M4U0X2QU>`2T,.INZ%@0E*#D@;$)@!Q9W<7$&#UEI5`DO.09P!%L"451.'UB`
M$1(N7)88"=X\H1)#`14?%?I<X.$D3Q<#0O\\E,B38Y:Z`252I"A2<!.,&&`V
MH/C#)@(+%5LV!7D"X<^4)BRVX&&R)8*//PC$_"&PI$D,*0L8J/MCHTB+"SD^
MC-!AY4RX`Q4O9AR21\04!5PP%`"!)]R%LG\Z_@'#0$P*`2.`_.$SX(`2`38N
M2*5Z!D[#AQ5*"AY,N+#APX@3*U[,N+'CQX4W9!!"N04&!`:RW/E3X\P2"7].
M=$`P@@B1$0(,A/GSHN:8&>$4;,%!6<J/$AC^5+`QIMP,!IN6*/CZQTT$(Z6)
M@+G2ZY<'IA<89/B3!X,R9LX&7#C`U(.)$5&BE+GB0XD!'GDV+5AS)DD9-SE@
M+_VP9).!'&O"CX#_H999/RH,+)'%0()%(($0"S@!`1CAW4&$1`$P@!!&'MB0
MED=@8!""$F)4(=A)!;S!'`TP$'$&""9%(,-0`G*QTQIKE(*`"'\P8<`1%;Q1
M`@]++7!!#&]$59\0!H2#@80)4#C!A35,\0<*9YF%EEH[K+%!$/T`\(<$67"Q
M!EYZ#6E`"@Q&X2!D:*:IYIILMNEF$%SP4)`)",3A@@,?#/#'`R-0X<`!0SSP
M!PXU_)!$'BU,4<`?BH2#0`@%F8$B#0V)T,`?%W3P1U4%7"``"B?4,0,%?^B@
MP@W-P?!<7AI`FL(+UUV0AQME]!&!GD9XL,%/0P%!P`USQ+#`DQ%0((``_PYT
MH-9\]>FB09''+-"?IU$LX(5#!)84)0HBS*`$"W\(`85$+W@A``M*IA68&2,<
MH``&&HSPX7,%>!%&!UG@L,\?&GA!1:E@:$&%3DR(T<$%+""`0(T&_``%%2_$
ML)03/ASA@)#A0ON'"N:BF]&2'1$`@AX!)("6;J3^X4%-(UAA``'_]2#&`%+<
ME1=]&=<,KKAN]NSSST`'?9@49T"@,`4L7#"J&`E`$0$#*VQ0P!,#V+$%!2&\
M`$0$?V`101"Z:1#."0DHC(`"0'A!008@+&`$=SY$\$(%&KA@P`80;"$#`_;,
M0,`>FX`P0`8U-2G$$T54$,(5%0BQ!>%@I"!"L?]90,"!&!1`X$,53C#@U0]_
M_'#4)@\X4,,&?Z00Q1\+"/7'$V&<``,%#EAP^A\#3)&"N5Z((((2<U@`6CC'
M(0!!"0>L\%L%'"PPQ38V0,"%`A"(K4`)12!7P!1%;.#$'W60$`[AFYRPP0,&
MO&"$:DE$@(`=)"3A>_J,MW`"`_C_<<43.&!^PA2T4L$43$"!+&R@=:E[0CB8
MX(7H3:]ZG-F`#KR0`1@L04^;Z`#F@J*`/T0A!38P0KVH``W?W8$#34)@"IZ0
M!^4Q@'ENT``<A$;#&MKPAH8Y@@1RP,,:Z(`'$*!`&`RA`@_4H`4`X@`&*+`"
MYDBA@P#@P"8X`+I-C('_ASS\0`LZL`(>R($%4OP#"RC`ARN@(`,GH(`(-*&#
M%ZR@@^%XP`^J\`%:Z*D'?,@!"WZ@)P[PP04=P$`;16"!#^B!!QYX`0908`8^
M0(`@I2)`.`"@`G;\`0,J*)6@]H0!*HB`#V9`@27YB($.!$$%&1B`!M"VL#CR
M4`("^`,-W%@*'0S`5!`H``7(\`'NY*$#?!A#)J^P`A&`C@(8_`,=-P'&-+R`
M#R2HP0"PJ((?C($N+JBFG@[`@0(LZ@</0,$5^%`$(>CA!0180`9>@`<;Z$!0
M&-CD)560RUWVDA868-T*H`"%*OXA"!;P`"A7H@(,8$`.`C#E'_QX!14PX0"W
M_X2GH&:Y@EH.`&PXS*A&-\K1C49`DAWEZ`!Z<$,7T""D*$VI2E?*TI:RJ0E:
M<JE,9TK3FMKTICC-J4YWRM.>^O2G0`VJ4(=*U*(:]:A(3:I2E\I4H&(`!DDX
MPPS^]3,9P*`]$?"G1G&``PR8(`V*^<`,FTK6LIIUI@08@A3:,(,3`"T"$'`#
M"VK@`'!L5%5Y``)&$8.1L_KUKX#%X026<``]@/,//A!#"2Z`RZYYX0\.V,(,
MY"&&+&#``D\H@5O^$`+NE"H+D!R*&P)4@@I(004@,$$,+C"$)(2!!2$H`0A>
MD)8L)*`$+-B`&)[@UG"T)0$.B`.^2I`%!1@@"6,)@/\#'""&)5P@"RCJP1*2
M=(`,C``!+$A`!+*0R<!Z][O@9<P/0N`$!\`@!7!8PAQN\X!E@>$/(/#``0S`
M@8PH``0U4$`(8'.`L2X@`G;=!`#.Q@,N-`$?2*B`$T9!@2)\10-OP`H'4G`!
M!#@A!0N(`B2E$($'#"`)<CB!"7I0!`'L5PI1$(`81'"`,KC``C$8BAW"$`$-
MB"X,10@!#T1P@=R$]\=`!C(+;I`&`C@!$@`&"@+<BRD\D"D]J0/#<A,0DX*D
M(`%2"`<!W'"P"D3A`VKQ``R4[``O..`"49"`K#;!!]3]P1>;:,(9EAL#%1#@
M"6(HPE,]0(44GZ7/`B#2'[;_9P(O+,D`"W#`$QP0@1($(,B0CO1?0]#*`B2!
M!%E(@4U4D(/`+$!>9V&#$G2PAS%88-2A:X)@N#"&35B@!"HH`P""X`4PST+,
M2IX!C>"@@#`P=@\:.$$%4'"$2V\"""8(`@H^(`,SR(`*7M"`J@#]YQ03J05G
M<$$<0G!H(/CM#P`P@QXD3>YR*[4*2H`!`M2&@D5G(`D!&,`2,+.&)J,`!A'8
MP!L```P$+$%0;PL'/F`@@COP@`Q)8$`$[J"L6X]980/(0@9F,(0X&"'?92A`
M%DXP`S&,^Y];,($(WC`*,3#@#E6`0!0*X&<\`)I(>R#"#&"@A!,$801%&,`;
M^`:#=X^;^^=`!RH;-%`#,VR""@30@%UY4`,2=)`$5'T`+#<A!PT8_0\]\/$F
M#J`!"8`#!4"H@1`&4(4?<(<R?PC`HX6@`0Z@*IY>3[L&"-""@AR!`'''``J'
C]8,:4($'<8#Z(>-P`Y+J8)4!,.4#.GB`_*(JZ)`/:2```#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>43
<FILENAME>o68633o6856307.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856307.gif
M1TE&.#EAIP$'`>8``%Q65-32T<C%P<;`N/W]_)R8DK&MJ/7T\E)-2I&*@XR&
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MD%!)1^[M[./AVW]Z>-S8T_O[^V]J9]+0RL+`O=+0S9Z:E^KIY_S\^T9`/D9"
M07=S<,K'O>?EX[NWM/GY^-31RLG$O!\;&\K&OM[<U]K7TN;DWV9B7X![>()^
M?(1_?,._NC8Q,,?#OB8A(<S'O[^\MLS)O]S9TJBBFD([.O___R'Y!```````
M+`````"G`0<!``?_@'^"@X2%AH>(B8J+C(V.;G9H?U5V77\^-P^*)!&$8`B$
M(&,Y?R,D)(0/"ATU'0J:CK&"(`@CLHA)=H<6%R"WCA(DMK_$Q<;'R,G*R\S-
MC6)L7'\`-1)_=JA.#2*P&#!1!PC2VC814(0+;`%_2`A$A`HU(7TA-0J((R)1
M.W\'9W]B,#39<@9&@RA;_GB+,>3#GP50D)QQJ$.*F$%-&@R!\<?)F0,'T_S9
MPH&#AAJ%SHBHX&?!GP\-<@!Y&4:*""D?AL2X^$!$@P,TKPPY<_%#R1,(D#A;
MRK2ITZ=0HR)B@$<*`"H`FM30L"4$FQH_1/RY,(;-!'%_ZK&!<FY0NG7M_]X)
MVL)FS$4Q5-@D+"2`%9L36US@^1/C@@(^>/S48*-AK!\\->+$@(CD1X$_3R[H
M$(3A1HT:%&(XP+-D,9@_$MBL13F(!RL['19(N?!Y3!,/4.S4L&.EE8<H+Q9;
M^>/!#H56$SZP4`TEJ=3GT*-+G\XT28T2`%I0*(''`1HV3QQ0`/"'")0D,,19
M8%/`P8NV@MZR<S?H3+5!$FK\(W2@#!0/,S``1P$HM9-%$#6<\,4-;.A@G@4&
MU+``97$L,<4+,PQB`0D:N,`&$Q/4($<`+R``00U*?$%;?0`@8$$9>"SP1`TF
M:`!%!":PX4*$2@A``0,"6%%!!#7P84(U%N!1AO\!=LP@GG/412GEE%1.EP,>
M-P!`0P<`+'&&$!1@\$<"*!$1AR#B,-$!!W_,`=]#ZOP1A15R_7'B"H,0"4$A
M:12`!Q47%-`$@?,=6$,%?X"@'Q$W"(*'$)2Y0$8;;'@Q"`1"5"AAB):00$0*
M;%CPQTF#B&#':3Q0L$`9;%P`@!T`F`!%`!O4,$%Y)-A01AS!!6%"!U_\\0,#
M8))"`I15)JOLLLS*\L$/2M+%Q@P$5`%%#'_`B"N:7'B`QQ!B,/"F!S5D\$<`
M=BQ!2`<=B(D!;(9\D((+,I`!104$BM'`&(8F\8<+-6!`Q`7]L%$%91!8<8$=
M4@RB@1T:=!%;B$'\X>G_>K>VP-H?(E"0H0EV+.`#'D<$@4,*LM)J*ZXML.%`
MA+[.*BP#VM&P18M*-:OSSCPK2^1EP:GP!P=L+,%"#2UL^X<X&+#Q`@,=O-DT
M&PBP4@$!$,QD70<OL.+O`Q#L!409'11A!10\5"`/-8924`0;Y!'QUV,.4/;'
M"35P0<`@+<>!P*8U5.SI%.P6`<7&'XQ<!`4Q"@!W"'BTD7*MMQ)!@A(U%*$8
M#2G/_`4%9"R';,^DEVYZ4V[X(!8:/@#UAP`D7*"!0V`8((@&MCMP@P]@)$U(
M"D4`P``3?V2P!`,<;)$!`\)GL(4%(820H2!GS'$!"4F(T40+%T@@`QH(TK&[
M_RU$`,#"!1-L\44"FEA7\:4*W&"`$"HTX,.>!IPF`@,,:.`#(3`X@>PD\(4M
MH"$.-S#!']30@A$\P`=LJET4^&<`);R!@;:0@0>*%P?>:0`6IPNA"$=X"P+H
M8&]BV(P@"'"`!USD#VE`@2#2,(4_$*`)'YB"$PRA@P<<8&\T*,`-WB"(%KI.
M!1<H`PL(D08?[@V&#YA"#!'D!2`X!%<?F`E`G$``#RS!#B\<A`Z`0(`8IG!O
M*!`)"P^P!16*$0A;2,,+F]"$NW#Q#R>$H0P/<``Q.`$%?MP;#0&"PS0^D82(
M3*0BH:,&%P!``(=0P0U.P(!8<.`%P1K$"7Q7B!8LP?\EBPRE*$=)RE_0(01Q
M2,$A!'"!$/ROE+",I2QGR8P=#&$$AR2$&!C"#UKZ\I?`#*8PATG,8AKSF,A,
MIC)#.0(-S"`)FAA""UH@-$%$88."@($'.$*()FA`""9HPA^&`(89U`$%!*C#
M#&1``P)\``01<`&VEDG/>BJ302_``QTPX`?CL&$$.G!`'-HB@AD$3I<C&P,>
M`$.&#I3%`@T`C1W\,`1RD0$/(;"G1C<:3!B`YP,GL$.(U""",2C`#1U8BR"L
M\)7W"2(,?FC!`5H`!2/4(`D'@(($JD`!&UB``D)0V`%D4(,P<O2H2`UE&FAP
M@"8`X`4`$P,,0@"*/\P`/A3_8^)&QD8!%P#+8BR`0`/$8``HG,0:7JB!&Y+*
MUK8B,@=?]`"A@.`I05QU$%EU0?2PE0,NX,$`)9`9`Z3Q@2=T(`1AJ,%ELNK6
MQCIV9Q:@@A\,0-8:P&`V9[(J5@_:@A>\@`,Y(`(%&C,`ETTC"U-0`!Y8P"8\
M*"%1-6C88V=+6RE-X0<U>$(%[A``QOR*>)K%ZT$'\0$`L$$(%5"!%-@0`<<M
M(`,UN$`%*M``!E#``5"KK7:W^QP1J`8/>!A#&JB"AQ>(!#5^&(3CM$"(!MB!
M#>`=PQE.`%X_<&`.\`5O%4R%AP[(@+L`#K`ST@"!`D-`3'^(B1L/@&`8AHT0
M6Y""_X$Q(`8Q($$$)VR"@2$`E";08!@"#K&(1TSB$IOXQ"A.L8I7?(PM?,#%
M?R`C&QOAXALRHH]S<=T@Q""%$7"3Q4">K044T(4>_&$)(V"`J!A19`A<0,>(
M8$$#!-$%:0P"""P0WA*$L,,@>]F>$-B`!5)P`"]\00QAL`#L_A`1%83A#U^H
M0!A8Z(8A>&%/@H#=!BA@@3N/Q`(9D"V:UO&Z.OV!#B>(P15$8`5_??G1R@3#
M#91@!1(4X083&/*:(\*`%'CA`D6(0P"Z8(4(3'HO>F8#`UAP`BG4@0&4U.+2
M""V`.CF!`E.>148AS6MC]@`5$I##'R+0@PD`"1410<`"EO\`AT//P$<PR$$(
M-I!G$FQ@35O@@@;*H($#/$'0"*!UG3;@!UD'H*J]3G<P>Y"A`EQF!L4^-IO;
M(8.J/B$+M?[#!JQ=[3UK0@$]&,+9%"#K)8C[RG;`\Q^\L&MU.YR6[/Z#NZT:
M[TVWPP4($">[\[UO:K_.VE"(PA]8X`(3Q"`&5+B5($Y`/`)H0-B#```V;^;H
MA]L<EE6HPK]<,(DJ.,`'#CC!'\90F`FXX`(^N(`%'$"P,_A@/T$_`Q0HR8`S
M/($$<EA"SLZ%`#ED>01;\``:(#"$&[!`"6=O`A+TH(>;NSV4#6!3%$3.@08L
M&@;K4(&\KJ`##X!AK#!0I0XPG,W_`.A`!2K0`"D.D+\`')(``0##$X808R84
M0!(C>`(8T)`0$Q3@M6\/O8!U$``EF,L023C!"=PH^M;3U@%UJ`#/#?$$`3"A
MV:[/_6.WD-P?$^(,/#B][H=/_.(;__C(3[[RE\_\YCO_^="/OO2G3\(1#"$*
MN3R#]C5!DI_8T"8-IK[X27?))5"AY@_P`_^>@!D$+"$".V`T`$+`IO';?V<D
MD$$3!/`"%=*`V3AQ`!3`#20``L/S`2WP2M1C`PS8@.%W?Q`8%4D``6D``DO0
M2R!`!F9G`5U`!B(1`=HQ916@+H-0`31P@BB(>Q&X@E`!`V!P`9`D"%[0`@&@
M`%R0`7(!_V\1\0=G00@QR()`*!48```^X%($\``BX08DH`=DP`]T4``40`I)
M0##J%816"!4,,`-NL`&X%`0PT`(RL`4%P``?P&<Y$`<TX`,%T!\Z5X57^(;.
M\`%D,09C0`(?P`4B8`-6\`,`("H9\`)CX`($@`0`\`-*(&NO`X>*Z!0E@"T1
M=EY_0$=/M`48L!=NN(B8R`P640P_F(F>&"6=^(FB"!VA.(JF^!2E>(JJZ`RI
MN(JNF`RM^(JR2`RQ.(NVZ`BU>(NZF`BYN(N^Z(/'@`)\-(S$6(S&>(S(F(S*
MN(S,R$>]]`M;$(W2.(W46(W6>(W8F(W:N(U;8%2_J`B]J`@<`/]8)5".YGB.
MZ)B.ZKB.[-B.[NB.#D`,8K`!]%B/]GB/^)B/^KB/_-B/_K@!#_B-B!".B1`$
M$I``")F0"KF0#-F0#OF0$!F1$ND+OR`&?'"1&)F1&KF1'-F1'OF1(!F2?`!B
M`LF+QV"0$IF2*KF2+.F0%'D+%BF2,CF3-%F3&$F2);E*)WF0+=F3/OF3"?F2
MLA"3-EF41FF4.)F3?+&30-F43CF1\GB44CF5(IF42GF)Q("23[F57(F00AD+
M1$F58CF6(WF5`\F479F63?F5CA"69/F62&F6.FD,6JF6=MF2;/D,<+F7<2F7
M2TF7/'F7@IF2><D(;LF7B`F25FF6!(G_"'4YF)#IDE&9F)2IF'[YE\7PF)&Y
MF4$YF97YF1NYF%?9F(?0!0JP`JB9FJJYFJS9FJ[YFK`9F[*)33`)FK:9D:*I
ME*1I"!5@!7[PF\`9G,(YG,19G,9YG,B9G/=0D;?9G+F9D[M9"+V9G-19G=9Y
MG<6YG+79G+;YG"49G80PG=@YGN19GL"IG4/)G=UYF<!H#.)IGO`9G\>)GF"I
MGJ#IG0()GB7HF_+9G_[YF_39EO;YF?A9"`1080B:H&*02XNHGX+PGO\9H>49
MH'HYH)19H(00`UBPH1S:H0%Y?`V0`9DT"&&0`0V0$&F0`G>@"03@!AD@<NU9
M#!`JH31JG11J_Y@6>J&_P`$?B:&A!U=E<`,U!P-(%P=U\"\DD(4'$```@':4
MAY6_,*,U.J7SZ9DYNI<^*@@\ZI%9ZG;]0P`=V$M/4`8$P`0L((`VL`4,4`$,
MX"\2D`7AB8(H.$^-(*54>J?">:.+<)A7.I9=NJ4=.0Q;8&`PP*"&6:A[ZGO&
M``/>:$PJ0&$50`7\\`%ET`9#4X`OD!`*,`-VP"89@&Y_H`(/,*JD>D5URI]X
MFJIY:J5]2I9_VJ."@!AL`04,8(F-``$``&6'$`/DD0P`0*?)]`%5@`"D$&,D
M4#'[5@(YV`,[V(-0>@MVJJIWJJ>*P*>M.I6ORJ6"$`0D,!-7X`>6\/].["4(
M1J`&$$!'#?,!%*@&NW0&1`0'>C`,::`'>0"J30`"1*2N'1$#*(`%,:`">R(%
M@;=D"*`3@G"NQK0!%]`":R4(.^`#.`!G7)`"8^`0=``&%$4<F95GQQ"MTCJE
MU)H(UGJM1YFM@;JMW:H0?I`#(A`'\0,&&&"#/D`!3&``]^``97`&+]`$"O,$
M&6`8%Y`$86`%XC,86@JTM?<_(G`!,>`'17`"2*8`2Z`$%U`%8H``:+`$"1$"
M#HI(!,`"<F`!(L`!!,!43!`'Y1`!.N`'7I`")$`#12`#''`"E_&LLN"Q'TNC
M(8L((TNR16FR'#D,06`'(<`%%[`$:2`#>*C_`@C@`50P$"\P(7"J9^5&`1NT
M!$]04#?PLV*0`O`A'A90!RI@;%R'!%`@`A\P!P60!3[P`6X0)N$VL4UP`\`:
M3#K``E20NPQP`"$0`&IZ`7$P92JP!`#`?B/@*G(@3G8;"WB;MQ&ZMX?0MWY;
MDX`;FMMZ`5V0`R#0`0_``':0NR'P!%5%`I+[<>0&!.'V!S5`!KDK!Q/7#E<F
M`R\@7:1[;J8;'UF0!:"4;$C@`0Q@`C)@J,"4!CI0P"(A3R.!A"O$1T^T`P]@
MJXGHGJCJO-/*JM-;LCL*JW_`K3.1?AN@`'/P`3"@`:+P`6DP!@M@`BQ``)E!
M;@^0OF0@`#J0`B6`_P87L`6C42H&T`0NL`03<`,$P`-V8+H<\`%98`)9$`%.
M$`1^\,)(\`'&4:S+A(BWT+7-2\']";V&(+T7+)/5JY&"F[+/T@4BL`070`4+
M<`420`5+``4+<"4````7<+[IRX2ND@$O3+SP,00(<,8:P`%0(,=C8+H7@``(
MH`-9,`:%J$#.40:@REU6/,%87*-:7`A;<`28G,F:O,F<W,F>_,F@',JB?`1=
MVF,C<,JHC,JPD`9GL#<$P`$Z(`8CH`=?(!(?(``6$`<+0`!?H`(C<`8D00!G
ML$-;,`1UP`$7,0)W<!`[=@9Z0`,?(`8YH`)1<`:FVP`"@"U9T!XI($-(D/\0
M15"8M!7)DUS!OY`&>9#.ZKS.[-S.[OS.\!S/\CS/>="P4U(&P-44,4`!\&`[
M`"0#%W`%(4;.Y0RRQ)`&`Y#0"KW0#-W0#OW0$!W1$CW1`S"N4X*P3M&OA"`%
MRCL(*``'D!A@!%W0>GO0%'W2*)W2*KW0%LV>(TW2SVO2*SW3-%W3+>T(,(`!
M.KW3/*VKBOC2,.V?E<Q$-5W41DW1-]T(*;`&3-W43FW/F`C402V?0ST("'W4
M6)W5"IW4C+`'$<W5;RC54PV?53U#6GW61PW6BN#5$*W65BC68SVA,HW6=+W2
M;HT(;/W0X]H$!M#7?5T(.F`!K-</8@`'+A4=&%#_35"Q!5W0T;$$UW$]GF4-
M0W5=V2E]UX>0UPX]KD%`!A(`!J!="`]@`"`D"%+V!9(P'?D6%71UV+`$V9%]
MG9-]U99=VU_]"YK=T)R=L@=K`@<F`Q!@`$#@`$7@`RH0`!W`!:@-!!)0`#[P
M!+(<`1$`!K39`!&@!&"`9E6P`@N@`SNP`$70`C;P`$)0!&```P\@`0NP`CIW
M`*<I!^^0!$J@!+?R!/1B`DJ1`PHD""J@!"?@`$#@`3/A`DA0`4]0!'0``S;0
M.R?@!1A``FH`!GO2`/L]2K`=V]4YV[:]X7J-V[>]P53P!'UM`0?@`PH@`V5@
M`];V`E70`B=``W9`!PN0_P4;,"T:``!NH``L8`((@`J"T`)Q8``OL`%CZ`$W
MP`0"T+@L$`%"P`(>$`=58+H2H`%C``$R<`-/``#O@``R(`%6\`$((*33_0=@
M`'--P`73!``=5QX"P``(P`0D4`4\@`<RX`)6`#MJP`4FL`4R\%^D=.$8KIQS
MS>&$7M$>WM;;Z@<*,$V($@!4\`-AT'%CP`(@(";A-N-[QA$D(`"=.BH^_@="
M@,8<``07T`-@$`<,L`*V@P'B(8(`8+I;0%<60`85PP/O,``>H`#EA@"(\@54
M,`5E$(--@.IH\`!K3@0"P`(ZUP2?]`."<`-@<*PTP`5EY]BA!.B!7J7G7.C<
MCO_9AI#;#+W;B-@`>P@#^X8%-N`!A;P!ET[CY68Q`@`%-D#FGRX%`N`#4&``
M@0)81L`"YJ(#5R#OQ9,4YT!79F!?"T<$,7`C3+#KM_(!9%`"/K`76V`#21`"
M'9`#UD8`R/[<?[`#RD8%@A`"T1X$!+`$+=`HI83MV9Z=@\[MMNWMA0#N+'V]
MV9L#.;`%)F[B^\8'2U`2<?`&5.`!F-[$\+ZP#E!I@S`#3_`!2X`&9=`"*,#T
MZKX#,B`'<2`#(#4#]TM7-%`&0G`&#$`$!@@!!=#$"*!R,M`!["<(&R`'.0`)
M;G`!*I`D`L`%`/`!"A`!/,`&70`'8Z`"Q_H'6=!5K]W_L9+<\C;Z\C!OV3)/
M"#2_U8(`!W'`!9;/!6Y0!1`0`R?``3#K`C>`Y7P.@R:``7)`.SG``5E`!RQ@
M97]P!R$P:0<@`I@@`U<`!`J`=&/+`C<P`R.``67P$F``!QA@^1+0`V<>`D=7
M4&+Q!S#@!\T_$D\0^BX@!IFA!&60`R<0^UP0`Q-``4$*`B[8;#;<I3W#\HJ_
MJMO>^!O^^(-@RJF<RJ7="##0!(+TH<3A`#9P`D(`"'^"?SH88H)IAH,0:8*%
M6X.1A$V#.@]_38V",$P]'Y$$33""8C"0?UD+&(T3"(F1&#,MDK2UMK>XN;JV
M`KNW%59^PL/$Q<;'R,G*R\P*_[Z2:0/2T]35UM?8V=K;W`-:S^#ANWI+`&40
MXNFT24OHOAH9@P%RM!IQ'.KY^KN]^<#,``,*'(C,F;AHW1(J7,APVK=]$'<1
M./!@2L1T8BP^0W%($`%-D5"<NDA27S]U_PBJ7,ERF,%P"!O*G#GS8<F;.'/J
MW,GS9+J4+8,*5?827$R:2)-JL_DLA9&G4*/FX$FUJM6KMWR*`SJTJ]>BSXXJ
M'4N6J2\#?=*J76L$J]NW<$EJ#<?5J]V68'V))<N7IME=:-<*;ANWL.'#N.:"
MJWNW\<"\N_;VG;SPKZ[`@M42)J"C<V=:*&R)&:D.I-O0NZ800+Q3\3/&CF,O
M@ZQ+,O_EV]LLY\*<N0]A+%2"!Y<D18(420Z`9-"@3PJ]M\6/W\*@YH\$$:QU
MNO8%6[9W8[1SV<9-WIIN7+PS$PX"P(&(]Y;^$(`!Q,&'+3G<[-"!0(4--:4T
M(<(E?XS`01.4"'+`!V^@LP4,38Q0QQ\P?,!!&!^(,,H?$-``Q!]3P#`"!@=L
MHM$'%B(AQGQ-H&/#&YID^`8)&YCRQP$EZB#""'^`P(`.#DA!P!E#E/@@!CE\
MF)TZV^W2W7=0^A$>+N.59Z4WXJ0WF"!!Q+'!`P]\`$$9`@0``!9S0)#`$E:T
MH`<;%(`@`01C``!`"!\(,,8%2\PQB!`77.#'%SD$ZD((?]S_$,(%+S`0*!(T
M_,`%%0%T008"8,@QA0X7V"!("8XBH,$!`-R@0!(O`,#`"`<L<0,""&S`P%1@
MR!#&!3<L`8(=>&2@1!<5I'I#%#G<Z6IA9[@SR!W,3J4#&@9@()\:"[PA29.Z
M/!FE=U/>4N65Y)UWBY9L<0E%"`PPT,<?+BRQ1`4;T-A!"F<\<0`"`2R0Q08=
M#/%`'`X@D($8)Y`P"!<,_*%'"!/800,2"/Q!!!@0Q,'$'R],X($!?URP@`!V
M(/$`"0X,\<(@!;P@Q@0_`.&'"0%0,0H`"WAP0QKL;(#O'S/T\,0)/:XP0<(D
MJ$#!%V)DT4,`4$"0PP]P39$""1<O_V)'$45P[`,#/G"!009CR'"!%Y%@FXNV
MV\;6K2T[X.#VVW#'+??<=-=M]]UXXQ!$EKUIQN4%0YQQQB5G`&#%!_%NT((?
M-/.7[[Y^7$*"`%!$P:[!@OCPQ!]B(`""%7]`++$`0)"P-P)>"$""%1U\3,1J
M0O2P`!@H2_!'%%:X;,,$H/_10^R;8T'CSCVS$,\6!PS]!PD&4##*$UP$$+'H
M;V$0P0\+1)("X#%L(04%$(A1A@$7J/"'!BQ$`@*S[-\Q%7?!I"W_VK4<T/?]
M^.>O__[\IT48..3RVQ^"$`((>.8/'@``&1P0KQQXP`8)I`$"4J"O#?CA0Y.C
M@`,.H`3,_?^!!4(@@`7BX(7I18P(I#/='Q!`O@5P@&8"(((@!&"G(:"L#%M(
MP0L>X(<-I&`,'Q`#"30`!A]LH0X`T)D%G,""'BA``P0(@`$F0`(AXL`.#=B"
M`N@@O=!%["UB>$`9LC>()/P@#A?@@0XAH8`9V`$?&?BB(%0`ICJ&Z37QD]^V
MZ$<+^_7OCX`,I/[^]XP`^H]+%/`!'189@S@DP00`F!$'EA"!")```DL@004C
MMSP!B(T.5/`@`UY0A24PX0LF'%WI3I<$!M!A<72(H2"D$`<`Z`!E=F@!%WS@
ML@U<P0<^:`$`1-"`,;2`!%38P`FX((0Q].`+I(Q#`1S@AP!,;FO_+;A!"KI(
M/;BD(A(B``$,%A"'"LB09SVHW!]:439]H$V/=N&C)/PHR'K:$Y"$]`4.#,#/
M?OHS!0IB@D`%>@4'I.%9#["`#G)0`#!@)P4R()(.,@`)"SQ@!&C0@P+*,`@?
M"$$&!DA#$P"J@UYXX0%;L$")!!`&&X#4`1YX`-G^X(0Y)"$2!7BB":ZPA0S<
M\@JU:L`A'""!%*1`!V<H@`'<(P8'M``$%-$`!RSZ@"?(H`NA(*G9=/)-0>"G
M1`T@01M^4*(L:&`,V#$`H@:QU5_D$9[?D6<DZ'G/NMJU-_E<$BT2P`()+,$#
M@^CJ/AY`AR5(H@`%T&M5N@J",%2!`7E@_\$<4$`&#93`2Q(X01UNP#&VNO.M
M<)6-7`=!U[N:UJYY5>P@,&`"%SA`(W\(7$2`A(](1,%RJMV)'@*0.0TI8`4*
MP,<0E$"'"?SA`2THP@)NZ5E_@#:TCAFM@DY+7=3F]KK8+0E'!.&!XZ3A`4[P
M"(Y6\X<=H/1:GX5N7--1VNJZMW^IS:Y\YPN.3S`IO>H5+7O?R]\_QI>^``YP
M2=IJBW?FER72O5%_%SQ(`3OXP7+![X$;D^#V,OC"AX2PAC<<#@+7PL`3)DB%
M,4SB<G'XQ"CFA81#_)7]EKC$_TVQC!_L85J`F,4!&?&+21SC&?N8OC66Q(UQ
MW`P7[_C"/?ZQDO^O&^1(#)G(1#'RD1><Y"5;>4E-'L23H5P0*4^9OU6^LI@-
MDV5!;)G+X/'RE]T;YC&[V2UE_L.9T4P,':\9S&_.,Y973&>5V/G.;-:SH`\3
MYSGW64IJ!K1IVSSH1D?8N8=&<*(5;5U'6]HJA7YNI`'R9THO^M*@[@F?-\WI
M27O:GHP.M:I]D6E2B]C4IQ9DJE=-ZZR,VM51%H>%8UW/6=?ZU^V$-*YS#&M>
M^Q?8R!9'JX==:ET;^ZZ^3G:ME\WLV13[V?N+MK173>UJ)Z/3V`ZDMK<=ZFY[
M^QC@#O>QR<WN6IC[W,5(M[KY-^YV._K=\';)M>?=MWK;>]#XSC>BG<W_;W'_
M^^`!S[>\"XX_?Q\\SPF']\(9WN^'CSD&RA*$"`P@@$\\``0>0`*('&``I`4;
M)9H6^,0IKAZ+6WD+(M!D),Y``3J\X&(14!4#8.`%,B@!`#Z)^+E7SG(3N_S'
M(R"!'\@HB!94@0`5(,$(P"<&%D"R%QK@0B0,4(*N>WT/>!0XNO===-\<W<J"
M/0`+`&H#$GA`97]00`_LX*D2GOPG*5<XV8ON\+.K5K"K_,,&N&"`<_8,"B)G
M9W-1+O8T$[SL^>N[W_4JV#3,@6,.X$*DFB`&);B`#+QEPEIG>&N5[YWEDI]\
M=KI:@2L(X`4IB$,5,+8``\0A!E4X@0-"4#72_PN[\?I^/.3OEWK5(T8/-!!$
M$0(@!B8P0`.CL,$*?&"!&\F``1Z`[1^$[FVB0[[XQL].$@BD[-+K7?C#QZLX
ML)"#]KO__1D/?USLFP[N5]O[99^U"R3`__[[7P_RMV'VQVSXQW?B4``)D(`*
MN(`@$(`:-H##5H"H=X`+6($)T(`.2&/F)W&G1W&SAH`6J(`8^`=?4``RD`.'
M\`&F(0G(DPLZH%"U@`'5EP_W$0Y&0'^2((-_@`/TQP$<``=[<V40B&L2Z($4
M&(()B(%=0#,F,`;F4P5H<`M=H'6X\``&0'Z18`.=I0X]T`7A@``B5PM:^`>(
MAS(%\`51*(0;.'0=R/]P'XB$22@("B`$C8`&+A`S`!`&&B`$#A``P(0&4J``
M\X($$E`$+O`!.O`$/B`#0@`$!@`$-A`!2F``'3&&+5``2J`!:>`"(A<`>D"(
MAO@!`>`"!>`#>N`%B90&)E`$,X`=+O`$0F`")>(`\2`(?A`!16`":>`%YA,&
M"S"&B"<""A`!#'"&:``$$E"*3R`&(U!)8`!8'#:$KE:$;GB$2(B!*C`&$6``
M-(`!#7`G`=`!,Y`"/B`!)D`%7R`#=B`"64`'"<0#:'`!)L`";)`X(3`'+G`#
MV+%]!L,&VTAW\O@'X]..":0'"_`"8%`%?I`"9#`#`>,!<G`#$G,!3Y`%6L/_
M'(+`!G+0/`'0`S/P!]*C.F2(!"&0!29``05006PP`QH``&Z@`%:'`![T@&O8
M?6U8<&\(AR/H!C(``!0`6*D0`'[P!RA``R``!M4D2U("!BS``F7`'!S0`?$2
M!'9P'&\0`S-D,!W@*?CB`B>@`Q2`!$O9E`O`44@`!9VT`AS#`50@,3SP!W>`
M`%NP!+PE"&2`#RSID2")`"*)>%;0`#R3DOOB/)WT1N<SDQ`FC:1&C3AIC2&(
M@1&0?&+``Q$3E!'3`%00`15`*;*$D@9@`GG`!2[P!PT@E22P!X0)!,S5ER*'
M+QA0!AYP`03@F:"I+Z&#EI/#`F]I`VV)0B#R`SC@_P/T]P*>(@$:H)>HQ)I4
M4)R":4$81#F>`@:(J8&_!WP#%PZ[EGX9!@X@>(V"(`,W8`,?,`-`4P8*T$4"
MX`<[4`<4$``"\`,PL`0FH$4>``870`,^4`/Q8@,OH`<<P``SR)HKQ%M"``75
M(9_T:9MG^0=Q8`(>L`0?L```,#J"(`1V4(N"4`.J,"C'5%,_P)H(H`I0T)R<
M-#D7T`(.8`73Z6"*N6F,R6\YZ9U_\`%"<`.F<@9_`$E(,`NQ<`-%Y`&85`<I
M4`8W,`-7``195P4=@`%@((,D<`-/H`DY0#ME("TM('(6P`*',*1%ZGHF\`>O
M^0=5P`)`H``74`8`U0/OX_\`%("#P'0!&N`$'$"D8"`$4RJ0&#`T)"`#>B``
M)H`!<O`)8)`#'-".+$"%`EB3]W>3,"H.0T`#D!JIDHJ5@P`#TH((ETH*AH`C
M8-H(A2`(7^`!,6``AC4("$)>S_"IM:`#&V)`Q&&"M/`*CK`A?50BM^`!#F`#
M)R`$)]:BD?:B\P9^)?&??#*#<?$$(2`=.4$.YA!_U,EXUBD,P*INPEH23G!'
MAK$%J*$3$U$1*.:KAS:MX5:M&2A@X-IGXHIMLR8#"M"N[OJN(UBN`':N=):N
MSS9K`*`,'RFO`4:O:&:OQH:O^LJO_:JH!,BHP2H.^9H,^YH&Y+4#JT$`VB<)
M*(#_JA]A&!=[=/[*90#+:P++L((@!P"%`5;`6T,`-/4C`5@P""+@`W'A`!@P
M#V>WL5#6L;'VL<BPKTY'`!D`!;.0!!=P(]TH'Q"2`RH4!FY0!^>D("*``:L!
M`T'P(0$R()S#`4,`"3:2"0?0!#$0!00P!%B)(AR@(FF``'IP!A.R!4.@(C?R
M`4C@!N1&LT1FLZ>&L\>PKUK`!5<@!#-@6"TP`S'```@S`0?`-0E@.AQP`5QP
M`4N+`2'``C=@`1QP`RQ``E\@!6<:`H&*!B$0`A(P!2N`#U40`$_``B>P!#/0
MN1:0!,08!P8@`G@0`F@@!SHP`R00`C)P/B=P`A=0`=LF_[<X1K>>9K?&L*]_
M`'07L`'.DP5>$`&S9P)+X#(N@`$D0`,A\`0?T`+G1`"E2`!5T`(^D#TM<`(;
M@`<!@`$`LP09T`1E``,[PP`3T`,7\`$)@"AT,`,%X`=;X`50@T*MX``OL`5"
MJ0-90*8>($?(!KPL)KR41KS%8+P7T+<$P`4%P`+Q^05[J3NE8P9^X"EW<$Y-
MP`5>F`8-@`"A<0<T4J("\`1V@`!UL`7O&[_.@%CH5`"V@SNCTPI@8#LC<P3?
M)$O2IL`AQL"*YL#$8+PS0`$<A0,4H`3':UP"8`4\M`&E8P%D`%!,<$XZH%DD
M:```@`],P`+.V4EU``>H.`0[`_\`\?N1--PS!1`!?R`")^._+`0T9[`$,/##
M2YO`!AN!"$NM"CNP@I`!/W`Q.\`&V8,&2U`%N-M+J\0$`-`"C,M65E!*G[D$
M,O!7%B0Y`L`"P80`8:`J!;K&?]#&/5``N;1+'5,&3(``N-,"96`P>OR[?4R$
M?SRNXL`%L+++O(P`N2L(0%`![F`"(O<!)D`'"P`$:<`$!["+IK##&7!3I&``
M$>`!3:`#8$`'28`C3-`(7@`!;M`""N``!.``,P`&=7`&*8#![T&"*8")0@`&
M..I)7P`"Y1P!,H`/*0"8$"#-R2;$$T;$@$:N`$;#TO8>.T((=Y`!5\`Y.9`$
MM;5X>!?_K=)ZR^H::CXH;5+0`<#$,1'`!7+``GE*!1)P`T%7R]-HT?=*L"BV
M/5VP`6GP/3'@!`Q@`A>0`00`!@DS".O3/NX3=A0MT'=&T"Q=%1Y``20P!K@*
M=VU$=W\01W>W%7G'@>BGG497U!`V!``%`A>`!H:73HF'P`!]8$*]9D2-U3HA
M!E\P"EI`,A=$`";Y`AB\`(BZ?2B]F"H=L&@-85M0!210`640`6(``#(`!B$P
M`@5P`DD0`M#H>]`:K67]96>]USBQMPS0`IXR!%F0!;UP!8]E`LSEV!,=U'GM
ML90-<7?MHJ5]LZ?]9F.=7Y$]99/=VH26VK^ZVG5+VV/VVNH5_]M'-MNZ'1>\
M#5V^O6/`'=QO,=RA5=PO=MS(C17*#5?,#6//O631#4_3S6/5K637K4?9C6'.
MO=U4T=WS@]O#*]X^1MYI\]U(AMXSIMY[9-X-[-XR!M]1PMX,%M[TC1/V#27X
M367[_:VV':[R7<0!WJL#CJX%/M`''HT)7J\+/M0-GJC5"7S_W5_Z/>$0T=_K
M5=56O9T:;JX/_J\1;M8A_JRC#=DE+MDGSJ(CSK$K+MLM+N(5WG@7CF<S/J\O
M7K,Q_MLYKN,U+G8W_EX9_N/@P.'<TN/&;>3SA>3ZY>$?7N1,S@\[/K=*WMQ3
MGAT$X`2H*MI23='7"0[9J9U2GN4S:O\"$8`&'>'E=#'5;`CE5EWF6>[%3Q`'
MC0V7GI'G>K[G>0X"5`#F$<#G@I[G,/#AO:$"@Y[HBK[HC-[H>KZ"18T`U;<`
MH_<'*6`&F)[IFK[IG&X&!O!;*Q#JHC[JI%[JIG[JJ)[JJJ[J8-#IKK[I;1#K
MLC[KM%[KMG[KN)[KNK[KL?[JOO[KP![LPK[I:@#I!`L%=8?`6^#H?+X#:?#L
MT![MTC[MU%[MUG[MV)[M:>`$S.X9.R`&X![NXC[NY%[NYG[NZ)[NZIX1W=[N
M[O[NQG[LR6[F]-YHDLXN'%7O^OYF7NP"`&`^^Q[P5]938(#!`G_PJ@<&S*$#
M>$`[+W0+``#_4(+`!R>0((-P!E1@\1"1`A.*%0__!T)`!98#!K1C"Q>`HX)P
M`EN8#S(P"PBO:@[``@<0!'@@D1-@6!)"`Q\P)$C``2B$`@V@`G5``DI"F@+0
M!A?T`5]P!](B!3%@`18``W?P!0YK`\AW'PV`!`(`F`0@`@+@`7M<%>B+#S=`
M!O8,`!D@BBK`(P<0!4/@ODB0)R/$=`_@`'=P"4A0(C`@(DC@`#2P*3'``2IP
M'#TC!92@`Y3Z\HVV!`V@`1%``0<`!EDP`N5`TD!0#AJ`0BJ0*C*I)"/P`DN`
M`)%32DMP`1C0`V1P`Q1P`P#P`A6`!!3`*!IPEB0@^CKP!6.P!"\0__95(0.Y
M"P`^,`??TP0:`/I6``$3``5TB0`Y(`.@#P5,YP.PP@`?@`#&A5C(!``_X`$"
M$$H(<`$'T#,)D%@WK_B.=@%)0`)NL`0JL(TY)4)4``0`4`$H@$(G(`,$4`)$
M+PA9``@R:5Y^4DL.420>/2Q3$BMB/3U1?6$M7$A0,1AQ00@@:4]$?Z2EIJ>H
MJ:JG%DMJ+&A+(A<;(4%;<QH34$`$GR\?:58+I3\F(S@Z"!-_!04D<ELI%`)+
M04X(%3,]`60$$D*KXN/DY>;GZ.GJZ^SM[N_P="Q+?P99#!P,S$@(0"0;?X@(
M("'@3Q`20$@)_+/!CQD[#$Z$0--C1K,"?_^VB;#"X`*)3'_\F?$#4,`H>.AT
M4"!A(@8`$U4&DC+18P("4@@6W/Q#@A@I$%RHR#FP[&+//YED_LFR8-L!,C3*
MB$!)M:K5JUBS:MU:*LF8$'\PV.$B1H:"/PZH^`,HL$R!;PA)N9T"P@\6*Q8>
M:*!1\6+&'BM:0%#P$4I($ET`@)A2X"175#?8<'!"AXP#&W%$;&&PP";.)&0.
M;/GA\P\8-T/L#$&`1DR<9Q'$"$`@`$"##T0<;#.]1(F8Q\"#"Q].?/@9!&!(
MO:CR)P<5!2%:-"ESY@\`!TFL"(E3I@FI'%:4D'C1A`47!4LXM)#PQX6+/Q):
MN``0(<Z+&!3^3-?_H@<!G0L`%-<>%+_5=888,P"@``(0U$8*`$-$P(4//S!1
MR@4L1+#$%7)<$`$`+I`PAH8F"#`&`SXL<4!\?TB!APD"QBCCC#32.()W?\"!
M8Q,@O/$'`1!LD>,'!-B@0A,0$%"*#6W`L`$!6W111QIA8?#'`P]4B4(*-,!@
M!`I8_`@!E6^D``,<`GX`T!]J*HD"#7H<P"::.:*PA1%:0(`CFPY,R6=>#Y"@
M@0,^#A1#'1]4^8<.-]A0XZ.01BKII)162@H+%I+B``NH@+>`DI:&*NJHI)9:
M:@PPE')`#*@<\,9OIL8JZZRTUFKKK;CFJNNNO/;JZZ_`!BOLL,06:^RQ_\@F
MJ^RRS#;K[+/01BOMM-16:^VU6>E`@QNP9BN"&SK0F$:JV)9K+E4!4`'`5ZQB
M]<48`+Q`A10Q/K&!`V"5L\$3Y_;K+RD1,+?%!1K\X80*%CCQ!P2)(NE$#&Z,
M\$<*>B3ZAQ%&"+G%DZ0TX<<=?X02!PI-J&`$*1!`0&@:>N30,0B.AEQ'%T*.
MH`<'J,PLY,5'?O"#`1`$`68,=V!@`PB)WEDQ"DG\D&4.>NSY[]31"K$$&C;D
M8,,!(?B`(@P^%,2$5&.0D,$E2MP@@@(G2(1J$197`,#.!S@@!@`GL!!"&F5<
M4!D`=`!@P2P*W`"&(73<D`4'-R@`8BF!TL%%"/];*%$&"[;AP8`!`,3@!V$G
MLN##"`HPD+@($>!QAP;GR4+UZ\]R$`&`<W#@`!$?P!!"!OK\L0`)`4`!0;I-
M;!'!$U8$T`T(8L``J@D^F$)E`A:@X8<_,[A&3!E,*"&!"&`@D,$%8@20`!C)
MF5B*%Q<$4`$96!#QQ!?$"&13)C%80$$3RKRQEP@_"(!)_H``$XB@"!:!G0*5
M)8)42>$&=%A`%DC!E-[]+@`W\0PI%H`'*G@P`Z=`PP5`!0$9'(`$`$"`'P)%
MC-XQ90P_\&`(G%&*WH&$%`6P@P>I@`4O(``!/MB"_1``$@SB1`15`,`2_"#`
M4;"!#!YDS@*G:"P25$'_#&)H`1V\`(P'A$``#$##%@AC1`M8(1@1"%\3/M`'
M$1!@3V)QXP<4H`0/<&$$#KC>45SX.P_H0`0:0`,#Q+"V%H"!`!.P0BG0P(4#
MC*`/&R@`$$2P!#<0H0X^+.)."O@##&!@#`)\P1:HX``=&`$'5$SEL`2@+@`(
M+@T70,`+%)`&#U```%0`WDT^(`,J($`.-J`#`O`6!@A<0$X_>8$K&="$*-R2
M!7@(P!Z9P91N7&`)"W@`@*@@`WX`@`Q>@-P-EK"$$Z3A!%0@YQ9(L(0G$-$P
M1B1@':P`@#+\X`EO8$,2P&"%:[I,E0#UU19BH`<50.`W4E"!`[*D`P<X(`9G
M9'!"==@D``$DI`D53<@6.`"J/VQ4#Q9(%0%H((`P.``&9\A2&.2$@2:(P09Z
M&`*5,%`'&A"I`3'=&2FN@+"$`$$`=Z@.'J6`A"TTP&`31<(.D%"'&(C`!ELP
- -J`X"T-2.!C16@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>44
<FILENAME>o68633o6856308.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856308.gif
M1TE&.#EAN0$*`>8``.CFX\7!O=+/R$Q'1<W*Q-32T:FFHW%L:+FTK,&^NEQ6
M4_3S\O7U\E%,2:VHHY*-BN#=V.[MZ</"P>3BW<C%P960C?;U]#PV-;6QK+*N
MJIR8D]_<V.GHY8)]>;.NIFIE89F5D2LF)JNEGJ&;D_S\_(>%AMC5TZ&=FKVX
MLV%<6;FULJ6AG&QH97IU<8J%@<W+R1(/$/+Q[OKZ^75P;86!?;VYLXR(A>+@
MW=S:U;V[N>;DX=72SF9A7?#O[-31RZZJJ.SJYN/@VT`[.MO8T_CX]^SJZ(Z+
MBK:SL-K8U=+/R_'P[N/BX']Z>,_,QGUX=-S;V>#>W//R[^/AW]?4SYZ:F-+0
MS3`L*_/R\%903=#.S/S\^\?$OOOZ^<G'Q:>CH$9`/_GY^&]J9Y:2D??W]79R
M</[^_NKIY_O[^OGX][^ZLMS:TR`<'&=C8+JWM._N[.?EX^7CW]?5SM_=V][;
MUMO9V+VXL#8Q,+^[MO[^_>#>U_W]_/'O[?+P[:BBFMS9TO___R'Y!```````
M+`````"Y`0H!``?_@'^"@X2%AH>(B8J+C(V.BQ894']R&1%_2#46BED2A$49
M,8^+%%FCIX:@FXM:9A9<G:B.612RMHM70%I**I>WO\#!PL/$Q<:':"$5?S1K
M1PQ,`SV*+0J$76M#PV$TQXG8.HQF*3D+-"S>?RTIZ:@G'T!/7TGM]?;W^/FW
M7^Q?:S9R!K#KD<'(D3&8<G1)P&+`GS$_Q&B`$6?0$DU_)&2Q4",)AC=0-(AY
ML4O%CA,K1($P\">#G#]2,OR9LB6'D2Q3'B30,BAF%Q`J_L3(T,7+'PXB`PCJ
M84#,#QAP8@K:8JK(B0<!P/Q80P9'TS\$#2)$DB-+A0`(!6F1\.#$FX1F_]%2
M`I$A10-"/40F$/2$RH,L>C*^P%#AB1XM1QX8,/,GR5XE.98,[>(4B`8#$3@F
M,:`A0HP45D3H<+)!SY,*A0-G0&*`RA-]L&/+GGV*B9`@:V9\.+*FCAXL:^RL
M8:''QIH0'1K^<1(\!,5!!JPL^=,@S!(K:[X$.&[%2H8":[JO2:&EP8$_,#3\
M,0#C3X?PSJV$""%3$'OQ*^+`"#%`BIT0V/51A@+!K0$5>X*8-X9\V-&0PGX&
MA-'`;P429UQW,-3WQPH`AK`&%Q=:D2$`W*UQER``*`#@&B=P,!]V&%#7W`4F
MK!">B5<<\,4?!=CA@'X8AB`<&=?=*$03!C8`'O\%"0"(70WH";G&!;15:>65
ML&4@!`A6>"`$#3!8D`0,/YRQ`@Q0V`##%`PT9`$,+IQ!Q7/V2??'`"Q<1P8`
M.MB`@P,AE`">%PLX(40,U:&G'H*V9;)&`$-<4`)T,)C`00I?-`&#&!&(`<,;
M2I`AQ`0P4'&&"P>V1UT8":Q!@04&_'"=`3$T-&:99Z:Y!@`6A&##(#6<``>J
M<!C'JZ]4A&!"!%^<^$<.,&S@1JPS"%&%!0K8<6<#:"0`@PIA6!%``B-P<(`0
M/%KQ(PQ'+`!#!V#8=5T+"Z@`PPLE"`''DFP<&H,0;*!W`!<386GPP0@'P\$7
M#"\0PA<.`6I*%J[:8(7_(`W!`8,GWE94YW1XSGK4``/PL(:@KOZ1+Z)A*+I>
M>TPTL`0%:Q0`AQ"3V@>#'GK0(`0%&_]Q@+9_G&!%'4%#"P>"JT8GQ1\D:#%K
MK0-(_`?%%%@LB!6_"O+#%U@\6.S%?W"=KQ)_L.$L>WB4$?4`;+CQ1P7MX?F'
M?A)TT8!P'^AP;KKK>I+>'Q)>9Q0$&^>[KZMP"\*&0S"`\'+"E%=N>2(LP/#!
M'Q>LT<%,++Y!]Q):_]'0`IZ_H:;'?_P00A<O7)"G%2SQ]H,'@2ZI\J&)PM#"
M&QW`+#/--N-,:1<[8(&%`$%3L4823[#P!10P//!&"U`]90(4=H2Q71M+,/'`
M_W4/Z-#0%*&/7CK7@R@P``%JCKVU#2>\OD.S@T#;A0E,5.!S`$O`PH[LII\C
MG(`&&6"#%8XP`ROHP`%K")S+"F>%%D#!"S4K@1THL*1S00$*0CC/X)AVN1*:
M\&`G@,$*_I""$!Q!$"H:``S043KEH&H`=J#33&`@!'_,CB5`8]@::*"[E25*
M`3`8@(C^$+.9U>QF.7O9%X0`@P3@[0]+$((5A,"BM/%'1'!X`8"X&(8Q".%A
MZN)`YT2@G!C.\`_KZYKIUC``*J:);%P#@!7LP$5GF4&!7,P"`(3DCQ@1$`8Y
M>$`2MU@`!R0QAQ(<'`4?%H(47`$$V5E2`$)P@0N$X/\.+B/A"4=)2MA$(`$+
M^`,$")`6"]P!!%GY0Q`(((@A".`/:*B!"(:0@%7\`0\^T``.FC`$(G2!,7K8
MP@@`T(0I+&`+HH!"$[3@`S_\@0\B0,`<]I(''Q`A!EM8`!B:,`F=)6$%32B#
M!1(PC3)<000G\$%@KH``$0`@`6`@`0XTX`,!6',/'E@!#DB`!PXD``"V_(,K
M80D&6=+R#P0(PB``:HD`1&"6@HCH'W1P`@+XP`>#*,,81-`'"*#(`2,HS1\$
MH(UU]H`+%-"``P!0!B[<804F(``07/J'@_[!#SZX#A4\X`"$@,$'!'AF#/0`
M@!$L,S`^-<->2DG5JEIU-J+_O*J51*;5KGKUJU5"@AC`6J4KK``)9$VK6M?*
MUK:Z]:UPC:M<YTK7NMKUKGC-JU[WRM>^^O6O@`VL8`=+V,(:]K"(3:QB%_N#
M<7FA`$XHPGD:D0`OW&$9BI`#$Z!CE$$HP6=V.,`4%DO:TE)U"45P0`DDT``B
MO,`1JC4`.A11`"P,P@915$(+;+`$`&C@`@TUK7"'2YLPK*,!9$A!"I9`!12H
MEK4<P((63J``!;0`#"?@@8XP$)@_Q#:T6#A!#`R0`BP\8!"UO6T4)3``+@AB
M#$SH+''G2]]Z#.`!4U"`!A9&@1(XX+DRL\(4/O""#7SA!3;``@`<,`,&""*V
M%X`"_Q*^D(`4)"`!ZA%$>@6!VT'\(&"#6,'GZDOB$@]C`!2H544:(`'_`O@Z
M/VB!()A@@`['@06B\&X)9)N@'%`!N3E`KVTY',4,\(`0&CBOB9?,Y%.@6,74
M:?%_5QM@%;``#%I00`YLC.,'[]BV>AB`!$S@A@R0[0\W4`#:SM"!%6IX`'+[
M`Q04,($FV_G.B7@R"U8LY1=;X3,M>,"AN)SCV*[A`61@`1)2H`$7.$00,CA!
M`QR07`Z,X0Y#&(.60"""%'0##&E@#)Y';6<*1(`+/HC"'RA0!"3``0Y(*,*K
M0"D%`W@!#G_``5JCX`/W_@'6<*``!KP0`3WHP`L.>,T@P/^`@A/(J@Q3H$!A
MM'!.+[P`(4X0P%A)S>UNRR8&!&B!L@FA!Q>@Y@S>3K>ZVY&&(H#@M848@PMD
M8(EUV_O>P8`#`E-9B#(TH0-WP`.^!T[P@AO\X`A/N)6F@-:>,J$#TV&N$8Q0
M!85;'-]@R$$#6,*``1@!!"Q0@@'8@!J07OSDZ>[!N5B2A0Z@.PQ9L,$#DN`+
ME-N\VS3.-1O@4(0+2&`&7V#!!;IP<QE,``B>#4)W_S`$!]]\N#G7`Q/`AH4N
MT*$(?SB"-5"^A`_P(`4S:!T6PF#)&X"]`3E8^M,7F_,K9`"U"I"#`][2!7:@
MW`MDZ,$&[#"!`[1A#`IH@Q?8<`;_'_``ZX*80P"VP'C&[V#M@J7!#Q3Z!3%4
M@`Q$"`,3/JRAB[_`%'*P0P!8D$HJ&*$#DJ-.PU<]'<@;UNJ"H(#X9/`'=Q_@
M",%%^1@"4#4*S%:U.?\#%@HP"`JTWO7()RT`F,"$)^`!!RPP0QE<L`(7&.$A
M"KA!\8^?_.X?5@,6;D(3&#`##4Q!"'3``!:"X#]?&M_[\#?L"@[0@OKWP`2/
M$X$Z#2"$,,0Y]MP7?WIU!7E0@`9X@`B8!TXG@(3P?@RX5S'@!Q(X@118@7Z@
M:@^X?1EH)6,``()``E70!F80&'R0`#M`!,<0@1:X@A*(@1OH@!L8&UI0!%[@
M`G^@!T?`_P,NP`9(,`8\D!Q>H';"H((L:($NF($P>`L1\!;,)'Y-P`$[X(3E
M%(."$`,B$$)_L``SH`+8D@$!H`!NL`4LL`?&0(1%2(%'^(!)*`LWX`37=P?U
M=P`+Y`+U)P0V2(6"H`?U<AYZL`)8,`(#4`!&0`5_<`8L\%#$8(9GV()4N(:H
MP`220@@50`4H^`=7D`(F@(>$(`'G80$5\`$/T``UX%\84PO%H(B+F(8,Z(BG
M(&]15``-D!9@\`%IIXF#P(E_8`+<4@94X`0@\"MN$`9S4(:+6(&J*("L>`H=
M)@A.\$(:I@"^9HL9<1XZD`(U0`<S``)5T`!54`%,@`;$6(P3>/^,\9>,H[",
M/7`!;\%A;B:-N3@"A;@%;$!_-Z`%%1`&!):"XCB.C1B`LK",1Y`"W44"%T`'
M[IB'T3@&/4![4,,'8U`&^KB/%]B/P9``4-)36S`(8_``_':0LX&*9TB.\&>.
MC\`S>;AT9:`%$%D/8[`)9P`$,`D$'<D`Z-96/<`$'/`'NM4``Z`"1&`#`X`%
MJ;=6(%F$(NE])'E">A`#*[%1NL$&6.``?/$!>9`.6A"-"V`&8*`'8\``7ID6
MQE`#'R`S6<<$`'`"3&`"`[`!4\`&.6D,9P`&<CF7=%F7N3<,1<F"1]E]26E"
M5Z`!=O`K9V`&`-`%V?<'8-`,K&,,!9#_D7\0`2WP`2>P!!I`!I8YE,7P!@)`
MEBU@`(IQ`Q)P9&Q6!\?``4%PFJB9FJHI4:<HD1,9@WU90EK``4X@1R3@`JGW
M`"W``XN)EQA@!>H1`RW@`3C0``D`!4F0!"R@9-Y`ELWB`&$0!C?P!6W`?Y-G
M#!/@FN&XCWN9?+&I"&<0GN(YGN1Y!CQQ#"4@1R]`!JED`BG@`WMV#%<0`&&@
M'@7``S>@`G$09Q`0?>U`EECP6B\P`'J0!>+#`J98#-DID=LICMV)?-^)"%R`
M`Q1:H19ZH3B`=.@I1P?@9FR0`F1P`0?@@<>@`>HA`2'``S1P8`^!!3NPDLTY
M'0]`!5S@``H@_P6'EP4*<)X*JIVM*9$/ZGH1>@A<X)H::@SIF8?<J&$44`-8
M(`(+6`PFNFH7L`G9^`<OH`!":`PLD),W<`#XV`8,T`)LP`(L<0P+NH\-6HQ!
M"GE#:@A%*I%'.@Q7<$D:4*=O,`-04*=UR@$TX`-7X`U36@`*@&[E!T?MF`YN
M$!AEL`=-```JR0!3``4,B9T^FHBNV:9K]Z:%$*?[.*?"H`9J\%&B.@35)*JB
M"E1#H`;>L`(KA`;4U0%8\!I8D(ENE:;BN*:I2)&WX*GB"*K!X)K6=`P1X`LD
MT`0)$&=#<)=KA:O%J*LAR:NVX*O%"*S`(*Q-YJR+"*U&*:VR0*V+:/^MOX"M
M:I626G"NZ)JNZDH"ELJ@/\J=WHH*X'J&XGH+Y)I63`4`^KJO_-JO]6H+VGJ&
MW*J7\7H*\UJ$_RH+]SH,AZ&N#INN`D<,6N":K$D,`5N$`[N"FOITG$H(!\N"
M"8L*"SN$JUFRJ.E+PC"Q$EFQPW"Q+)BQ1EBPH_"Q*QBRIS"RP1`!F5H,*KN/
M+"L,+KN",&N,,OL(-&N!-CL*.`L,.@ND/$NQ[:JF[^J@1>L(1UN!2?L(2_L+
M30NO$@NU/>JNF.JTL.F/,VNDQK"U2KBS7[NR49NKBW`&#'D&7LD`@0$&$="1
M0L&V+VBV1HNVQ:"VMM"U5-NV/ONVS[H(&5#_'QA`,@,@4=6`!4>:EQI;M8UP
MM128M8X@N+)`N&SZM&X;ME*+"`LP`H&),7>@KUJ``@>P!.H77)0;LV7["Y@[
M@9K;")R+"IZ[JX8KCC\;#$%K@8K@6BSP*UQP7Q5P!'K`!C'"!W;PEK%+M+/;
MJX!+#+E["KL;K;U;C+\+#,%;@8R0I`O`!E2P`@.0!`.0D65@)WM+MGU+N]4[
M#-<["MG;K=N[B-W["]]+@>$KF$!0!GIP0%BP%V#PO%7(MTCHMU8;O\(POX]0
MOP1[OV>8O[>POQ/8OQM%>&A``PYP`C;`!0'0`+"+P&JHP)?+P,%ZJ<,`P94K
MP45(P0"KPHB`$@^Q_X/1R046$)T\8*OMZ[7O2[URFK8RG+,D#`P]Z[O`P``\
M^@<6+(&,4*R"@`99\`*^P`$%1@C1BX8V!P8YUH'ZVE#C%`X-:,*,4+L2>+N,
MX,".P,*R.PQ'S+V,P`$)*F=!06\S<`*^U,3#.K8^K'!ZH`0KT`U_0`56T$D[
M(`4*D`(7L`5+U[&#8,9^@,:+H,:-P,;2Z\9@FP@:%T5@@`5WD0./^W"#H,=#
MJ\47UP,N<`&;]0=&T`:#<`(M@\BBUA(CL+BV[)@+',2!.\1,6\2_\,;XNP@_
M0`8Y4QP\<&0'L!>L-<J\/`AZ&`/0',W2/,T6L)2^;'!ZP`!HZ3@\$`9.8/\!
M'4"(9=``/+P%3S`&Z(S.S+H(D"S)BD#)3WS-M@#,$\P(JB4(&9#,Z#!\/.(L
MI)P(#(`!(C#0!%W0!GT'#)#%_(AR!K!96K`";9`$6)`!P<?/``B_NFR]S;RV
M[INRF9P(]WP%%V`#-M``%(`%%;>-S"RVA[``'M`',!W3,CW3:;``"LV(#+U9
M8#`-?^`%)4`#&3:K&@C$GRK$+"T,EFS*F!RZBG#/*G<`V0("+1`C;6!W3+S1
M6?C2,[W5,5W3-_V:)]?0?[`!;+`%-V"<6O<&(T`#E<AZ&%W4NWS41-S1P4#/
M+\P('G!]@]`%85<%`P`""A`C@O#/I*O57+W57BW_SP9'`5*I!RK@=0_`!0MP
M`BEP`(AWT43]JT8]NBNLV(+@!FA3>S6`B#N0`4=JURP(PX)0!-P7`Z^!!R;P
M`P6P=(3=TH9]V#*=V'2M<%?Y@0QP!35Y!C$`EI@]K2A\K5C=N8I]!EG``I.'
M*!T0!F2@!3:0`J'HF*B]@JJ-"K5M""Z-VXAMTY[MG63,SL<]KLFMNXH=`2L*
M1#1@`?=C`1:V'B.6W1:XW:?0W87PW>"=V^*]V\A8WHK0SIL-M\20U`NM"#FW
M`#V0`#-``WH@`%>@!:BG%A\-M%C-W_T-T[K=QR7\UIH=UYR-U.,=?'^``0W1
M`R2P`V'097]@WQ4(PV>0_\XT7N,TCF[Z30@:ON$=7K@_;-P9+;_IC;TESA(K
MH!1Z\`4%X`4*4`,\"N,4",,3@`%47N56?N48,`DY/@@[WM\]_KG3"^1PK=%R
MW<L`7@@YUP18<`<.\`5%\"6+2P\O?N&%L`$;+M/:L.6"T.7@_>6\^^/?>M[V
M.N3T.]XJ8`I:\``=T`$!@`<=(',/0)ISSM2'8.=W#M-YGN&W[>7_[>&K*.")
M0.`B;N"=?>;S3.>$8.F7GNEESN6;WN>=[N,)#.+56N")>^#C/0I0/H$PK.IW
MSNHCOM^OCMM^KKV$<`5.F.S)KK<*Y\B"(.ID'NQF[NF_C.J#X.L;#NRD[MW#
M?O_8Q6Z_A,`!_?V6%^?L?P#M0M[J'$WMM[#K$MCKEX[I5ZWN61WOWQ[!X3[N
M*&?NZ-[`A/[`BCT$!##P!%_P!D\`$V[M@H#M_:WMMV[;]A[K8)[OX/V6:."5
M%L"NC'`&X,@(6D#<B\7O@FX+\+P("([3B%`#\=X''.#N?@#O\>[PVYH(?$[L
M$O_G@R#N%?]@,S`#9$"(C/`"9YH(2'`%3X"9(0_J$CKR"OOO:ZS8*A_O+:_P
M8[WR,B^P--_M7'WO+4SQN/V6!X`!`.">'J`'%S\&>A`!2M!=5^`&7D`<",&5
M>UX$1*`%`Q``0$!+>E`$?'"W8,`'-2=8(A_D_D[ORFW_ZG\0]9<^]91N"`P/
MWE>/L5D?\5^MBCK_]8)P`)XPR$R0!P?``T<P`@W0`">0BP/@/BP@!T[P!V9`
M!KG6`%CP`10ST610;IY,B!I`=@.P>H$U^&.>[M+.M5"_\HQ_N(GP^+@=^2\[
M^9?.]6V<\_HN-`=@!#1`SG%P`0'0!$(@!4/``P20`C]0!#/``NFU!`U@`0-P
M!U+0`4WP!360``WP`@U0!%WP!?!%!@^DUX*O]$0*"'Z"@X2%?D!_B8J+C(V.
M?X:1A(^,3QB*&2^*9S\YBA&2DE&4?S5]IZBIJGT<6J&10:0;J[2H0W\3KX:D
M"QZUM&D+,;J%HXP<OZ<<B0<S_Q5B;7]Q;&X9!XDM/W90?RLL!5A_2PUO=FA_
M$3$#%!(-*P]_;FQS3%Y_%"6D^OO\_?[_E"@L`<B("S%"B`B2.CB)E`44"JXI
M^6'%@*($5O(E`L70C[%'II*I:M713RQ*LT2FNI6K(R]?*D\%&];QHR)DR9;]
M.2!A41P6,3"PT:-EQA$[2/Z`^!9.SA<`=BSH,<%A73L#'?YP4`"`B45\"L.*
M'4M0X%B#'1.27532CSXT4RI<8]`$B\5X"A1H1%?29J.0,5FYZGCR4<K`+$N^
M#-QG9M]&.'_IY.D3*)\+/\0`-<)"Q1<6-ZSDH+%&SX$./P9$P.("0P,Y0E0\
M4/#'Z_^]O6MSZQYK5BQ:AFIUM^4GX5HB%A89I+CC8B]'AGX9`8Y)DK`LQGT2
MNZ34B['CFI!%ZLQB9E&,%S+^3'E`Y<:?!0:H4'A!(H"--@G^6#A1@<"?+">8
M(`$>!=BP@@Y_%#!0!";LYN"#__06UF\'!9?;</L4IPAR?V0@A!$--)`47^!1
M,IU*U3%4F".'Q:0=0XL%]AUTC>B!QHTXYHB&'ON4H06/B>@!9"):E*$(48GX
M:"210T+HY)/Z2*@0A<18N(\>4E&"H3X:'F>1#Q54@$4#.&STF(G8I7C0BHVT
MJ-*+!\48TXP'10?EG7CF29:4!%&IBY6-*.')'UH<0085%E#_8,2B1KR1R):D
M=/D'AXK8X-R9(*4YF(K7,08G,7*J1"<Q=NIIZJFH-L(G0'Z^`N@B3W1@1R(9
M\#!$!P]`D4`"#MA1Q*.*[8/&%8K$,,8B#"SP"::.G"C>IFMVBA@NP3[2G8S"
M,)OJMMSJN>H_K8;RJB(O//"%EW^8((0B3JB@"*2Y/5<G*<[F!"TQ;#+BIDB?
MZA*J2*/J$IT6"Q1L\,$+D-#MP@SS\ZT_X4HRKB+@)-)`3U)8D0@!/!P+[':[
MR4LJO9J6E.\B^R;3[RO_)A/P*]%9H,;,-->LAL<-YZQS(GR2(`(`?X"1P`$M
MT'%&%@<<@($%B40<R<2)5/P'%OG=_S!K#"UTP5:UNHDL,,F,J8FOM"Y2"[(C
MU\Z9;8F+6*`+SCO'W:V44%000@$)-M"$4#LH@,$.0F31=$E0)QC.'S.<\,<+
M*?Q1Q0",P+N6US"#'9C8NIRL2,J_K!Q*R[^\'$K,;R]B@@\1G`H&L7(W+"40
M`0B!]PK&#8#!`UP4,8`F?SAM2.$FT'9/"AI\D9\!,T3.=2,6U.'`\]!'+WT=
M)-*(9MCW9D[VFV;#R!U,:M-D?=NE_Z&#`ECP8`<&33HY@AQ5@-"ZZP,Q@@7>
MEEK<4P!Y;3!X6OM@0(,288(?5.$,XG#/UL[6"`8@@#$(J-Z\KG>Y[+U"<XG@
M7"T\)PG0U?]"=*)@7NGTP(,5Z`$/<,`"!W20`2\40`]PH$`"5I"4)XA@!3<8
M0Q*.M84(T($`#OA!`0SP@S.8@``9<,`5='`!$`0A"S*HP@DPH`0N)&$*#LB`
M&^:'IU7=[P\/H('%<C`$"\A!`8KK'>$>)#ED/3`P$:3<Z"Q''0N&`H-_T"`M
M.!@)#P)C;>-3A-M><:P]V,%1?RC#$,80A@/8X`LW2`T-6H`%"[2`"3-(`1P.
M`(<_-*`+#QC``RZ0`AI\80HT&``->&"#)(2@!36PP0L4\``>5(`#!V"#&(3P
M`R[>R8MX4X$"SF`&+&0`"V,X`QGDIT8`.JB-BG`@!"4X,@K6T63_V^-7]^+T
M/>\`<H+D(^0?X"`$)2AB##W`@A3*X(0,&"`,8`B-&U)0@=/!@06=7(<-G/"'
M%IR`!"5P`!-L<(8BV($#%\.'"VSPAS$TX`4LN$,9:,!07SX)F'\HP@RP((0,
M](`&#<""`D;DNT(4#B#03(0TX4C-KUD317:4!![UN`H^[J*;V!(?.`59NC%8
MH9.)8$,-@/('#6C``$P0A\8(X`0L8"$/^/R#/O-AFX#:Y@]6&(<$\'%5+%"`
M!7'X0PDJ:E$(K2H&""S#&`2P@2*-80H"6``>_@<<-BZ/$2N-21RU)9V260<E
MV+%I(?RX"A!&@G3B["<-C.4%!43@"P1@_\`GD:I4'8#@#4.P0AQXD`0Y6($"
M^:NJ0`]0A`0,0+)'V$()-&/%%,P!K&(E:UD=]+!^E!0AI"@"`7;+V][ZE@".
M2ND?\JJ2O;*M67[E%&`]M4U0X31\?!UD*#SVAA9\H)%/^(,8>,""#BQ`!170
M2@,L8`,>L,$)8'"!`EHP@"2<0`-_J("[-(`")F#A``I`03]GD``-/"$,85!`
M`&)`@SD4-8VSI6W])K1&2D``.SN`Q%W=.$TYAO"ES\+F<J?5$N]9"WRB^F8U
MPSG=)#%@"E/80R+&@(,IC*$,1&#`'_3PJP4,80I,B\$4.%"$,R1KN$1X#QB8
M<`(<;(!'',`!&/\6H`<W-$$*),!##+3P'ADG6,%G:?`C'LP8'TB8@7A]HUY;
M6CD,VTO#A@EL<_WUW!#K=,2*(($%YDSG.EM`87IZP!&N3+\L.W/+V/&R<(DK
M$N,&\B_)C=:&R]9A;G[8FV]V*1<7`#<^KT4&RIJQ&880Y#_(8`<Z4824NH"`
M4IOZU*B.X&T',3$N!T;0$XZFF(M+YCF:63(QA44V5;9FEK498"*6M*6'#1`]
M*"$#\"T%#RXY!@YT8`8\R,*0I%2O7S2SK@X.])<][`A")\/0.T4T]M#,(C4W
MVKF/SBE?B<UN7FA`"$FUP`P<``0L!.`'*7##%EBPQ42T005-"'@30*S_DFM7
MB!2NC@FLP4QAEEKXL'2$*;G;9.Y8)R)M;EYWNS?.""V8`01)G0)1-6`$&HAA
MQB)21`"FT(.6]V#6!5^U(%JM[4'#_-NUOG"FQOW7-#/WW&Q.-W2/R_&B-X*R
M7TV$`TK05;SQ;,&EP([!JX3PFEM\N#?_!;CA+.X*3EQ?%6>X(C`.[$B7V>AH
M7P1ED\`"&8-`#!V@0B*PD-VG+Z+:M9CZGZK>Y6T[NMM9K\76A=WU:_:\W#^_
M.ME=%NRSISWME+7``7ZP@09DX0<\>$,&6L"Z>T`=[[30NZOX_FJ_HQOP%=9X
M(D"_"LQ=<->=Z_7G?LUXL]OZ\6G/0;)5P`.B_VFA*S-0P!26Y/F[2UWFAR"]
MPDT?=-0[7/51Y[ER?<YAQ1.\]M#'_;#!X#$2N`$`8$@$$730`T90^_A:=D3"
M5;)P;C<P\+08O.,++_'#4SSQ8K_X]4/7^-MK__]1\GGH]V?J9W7YAW6I1W1]
M)7V*1GV,9GV0EGT`"(#GQQBB)R[*QW[,YVN/X&U:EW,0=VNUX'IW!'L;)'L=
M1'O\9WLZ-X$N:'X":('(1W-]9W,)>&@+Z'7V!W;XYWZ,L'@K*($O^'@5&!@7
M*#$9*!+M]W?O=X/AEH.&-WV(5WT'"(0?U'\M.(0O6(0Q<81/DX3)L(2GUX3/
MIX#&QX!CLVC<`W0<B/\V^W>%+!B"6CB$7!ASZ=<(ZZ>$&SA['0A_JR!__D=_
M&;:#*!-V/K@(5OA'<6@(I3*'N%>'(N&%OP.&OR"&S4>&8_9PC!AQ@RB%]T>%
MASAV;ZB(0NB('`>)R2"))D6)M6");8B)M*:)Q<")9T:(FV.(3/B#HUA86"B'
MIDB!,6B$,\B*M."*?.A\F0A]K#<2N68(,X6+8ZB+$6B&OYAVJ&AMPYAM-7AU
M'BAX(+B)(D@+)"A3)KA'*-A'*@B'I5B-Q':->9>-@+:-!]B-\?>-LQB.K=>,
MA?",/9B+B+B+JF!8X,B.VN>.H0>/!2B/H:A2?J@*@)B%4%A_GLB#H.B/HCC_
MC3A(D$9GD*N@BKBEC:5G@V68D8JPC*DPCKJFAMK$AL?8"(G(BXMXCQI)A,'8
MA0B)AP:XD`@XDD]XACHXD878C]'XCQC9DS.Y<1RI"A[):L2X"L:8@GWHA%P7
MD9W8@%/X@%4(D*D@D#)YE!M9DW9(@#BID!;)D%))>%19BT!YBT)YB=*H;M3H
ME>T(EI%XDXR0AV&XAU")C+&HC(F6A@ZXAA`(ER0IE\.6E*FPE#/7E*KPE.@8
ME3PYE3X9A5;YB5BIDR\9D+TXD(:)E'29BG:Y"'A9B7KYF'Q9:/9("(T8?3]9
MF11YF67Y'EJ)"ERIFIU9=(B)"HJ9?""Y?"*9C'')_YJ4"9A7*9A96922>9M\
MEINGL)LT&)+<V)"I\)"^*(AJZ9I!69%#>9&$:93*F6#,V0?.R9BIX)@W!9G`
M69C"*9'8R9;:Z99$V9W)^9VS%9[CV9L:^)M]&9PFB0HHZ8SE6%/G>)YNB)QH
M29_@^9G8>(=WF9.Q28]_F)J#L)K]J0SZ2`C\^)ZO^)9#IYX(RD7V&9J*,)JM
M6)H$"HNH*8NVB8_,^'79"9O;J7\&.G\?6I\*^HX,*IH.&J,[F9[>N9Y529R6
M:9R8.9LRL9E=6:,V.IEAB6WQ")WS*)VH0)V<:9VXYJ+N":/PR9T=^J-**C<A
MFJ,CNJ-;:I:1>:`E^9?:H_^2O,:2>^F21MH82+JB7[JD:2J#8IH()%J,)CI8
ME`"A#BFA@D"A:OIZ;!I[;FJ:<#JC@5BG('JC!YFG?["G3MFG#8&>^ZF>%2H8
M6)I!T%BFLLFH$.FHK1.F8MF@9,FC@#J=@NH1M'BEMNBI;;FA\=FE\TFJ.F.J
M3IJ04*J3JSJEK4JH:+BF@;F2@VFK:(JKN0JI'2FB>DJFM"IK9TFC3!JDQ%J<
MQGJ<\IFLRMIG=RJ,DDJIC6FI@T`*OWH*5)JD:0FK:RFK&MJ2')IQP=FM"Z.K
M!X>?>JB?*>J7PVJHQ=JFQRJO'DJOW&*O5(>O>:FO.*>B$_JJ(WBA@Y"A6AJM
M,KK_K=1*L`QCL'N'L*2IL!_(L(/JL.((L8(@L40:FYFYE7/:L!BK)S[&``R@
M,"1@!IDF:LRJE,XZJ=`*KPWGH[>ZJ?^YCP&J"H)UJ05JL8W:LDY"`3/0M%!@
M`3_P`620.C9;K:`9KCO[IF$VK4G[K<-YK4.:K44JJM6IM$X"`E0```!P!FW0
M`&Z``61@97^0`.1A!G8KI;J9L^):GN0J".:*MWV0KG2*7/U:@H=Z@HEZHO%:
M=NMHMF'!!`N5%"Y@!(32`'7W!SD0`#BPN3B``0.XJV/9JP\*N(++LCO7FD+Z
MFB?+HRE+FRL;LH[[)%K`!`_@`!?0!5?5`$Y7?%[;I/?Z_Z2^&9U<.ZJ]:ZW^
MBJT`JZW(>K&QNQ9<,`%H@`>+T@$K,'<CPKNK][F_RZO!&Z7#6[96RZ[MZ:X3
MR[-<*K!>VKQAH0-><`5ZT`'O109_``4\\"MV5[Q7>ZHZFJJ@>JZ!&ZPBFX^=
MFD>?2K&ABK3$J[YC001DH`!D<`%[<$9,(`1;0'P:.WH<6Z(>ZXT@ZZHL>I(D
M:Q)#NQ(#ZJ="A[ZWJL!A80$[0`#]U@,4X#^+<,$8F,%\NL'UV,'"BKI@J[IB
MB[)Q6INFJ\*H0L-(:,.5BL,1JL,!W**Q2L"S:KX5N[Q=2\2_=+.)J;=9JZA;
M>Z;,"Z37F;HONKJ@VKI'&I.#:__%WH+%>8NU_&O`_ENZL'NZ7WN\89N\8XO`
MX*O&4&+$7XC$XZK$@<K$'^R?(6RR/\RZ0?RZ'LS':QR^.*J_8_K&4MRCF?JC
M0'O((VP+)6RTBZK'5>K(?<S&S:G%E*RU/7O)/UNHAONOB!JPC#NOHJP;?CR)
M@,RW@LRJA$S'["G&64K&!FS&<HK&0SS+%T7*XFG*HJNJI`O`A6RA`TQ31-O)
MY9J.I"C+QKPGR'R?P)N?PNO%50S&XNO+Y`O,E2S,0CS'V;RTVZS,W>NKS;S+
MA,O#=NS#>`S$9!O*Z[P;M;R*MXP*YFG"I[FP_$K/K8R\KZR\*,RM^\P;[>S&
MR]R_\5S_T'5\T'><T'E,Q0G<T`X-R9$JR<]ZRER<ROO*GZQ,CH=KCHDKT)^L
MT7O,T1V-OPL*TCHKTHI+T@1MTH6+TJZ,N+",?=@,TQ'RT#2]MP#=MV[QIQ.M
MTP;-TPCMTPH=RP,KU$/MT<T*T>\\NM^KSS+]L-%<P.>\R,2LSE2MS5:-LUCM
MS=X+SAN=R5\=Q:A\OE*=OF7=#_W\D=V<K]_LL]SJUD\LS22\TIZ\N$`]U76]
M#W?-E/]\"@$]V#C]L13=RST\QHE<QF+=N(?]"(F]F(O=!XU=S9A:TIIZTBG9
MTRK]TT$8U)D=$$0-NJ@:T7"\U*.]TZ7]U*<=U85-UZO-VF>=_\5IK==KS==?
M[-?M"L7O&M=3O-!?O-L!V-MM7-1;?-/2RM8O+<Y>_==@C=P'[-)<S=R(W=K;
M&[I9S<Q;K:[.#<W8#=<C+=>YG<+>K=G@?;!YG;![K<I]3=H`FM("*MB@?;3<
M;=[OW=Q=_=&NO;^P7<EQ[,R\;+P6;<\8C<^@#.`!SML#?M70;=,LW<7"'<[$
M/;[&7;[:C<Z,O)H3KBKQO;'SW;'U+=J8C-]"J]_3S-]^:\TPB=D!OMF\F>(:
MO.(Y/=M-7=L7#=49K=SA7.(P>-[)_-OT'=SV/=PNCJ&;?`I%V]\M3>0;;>0S
M?.(8K.,WS..0S=05[=1!?MM#/M?NC?_EV&O=!![>KSW>$EW>:;RNUUW<@,W)
M,I[4)VSF#(WF:;ZIW,R]:@W/<%[,<CZR;WW<ZYW<>K[<?([CS^GFL3WH9%WH
M`IS>B"[=BM[>>X[FCDZ>1YW+P"K/5CKG'E[G4D[-,Y[GFL[HG*[E-<SE2>SE
M'!S9#"[F#B[D$/[?<<[G1U[A:'WA!Z[="2[JE.[$=)[=B;[=5E[=O-[IG?W9
MJ3[07^[C80[DMT[FN;[LW?W>8W`$,\`$_7:_V8NGP`[I""[;+4[;^6W:^XW:
MZJC:ART!6)`#B\(TB1``26"W=NL!(]#O_O[O`#\"9@```E#P!G_P""\`<Z#O
M#*_O31#P$.__[P%@!@E?\0??\`U_`PX0\1#O`&8``19O\4&`\0S/[QP?\"9`
M\"&?\%-`\@Y_\@%/`&80!RN?\"YOMU`@`C#_[QX`!4%0\P@_\OH>`7@6X"6G
M'PW`#5%S!UO0]%MP!R@0]5(_]52/`EM``3Z0]5J_]5SO`TW@]&#O]`E0]60O
M]0FP!5V?]EL?]F$?`%!?]E7/]`2@]FI/`&P/]F\/]U0?`%A/]UTO`'<O]GI?
M]6??!'[?]8'?]`%0`X,_]7<0`'-_^%MO]TZ?!.<PX?5@,;O+ZYROM%TU0)T?
M^@0+`BV`"RE0'J*?^LI:`"DP`CQP!$6O^K*OI"2`!%30!NDQ^[IO_\46,$I8
ML&=0@`5?('=ZX`)?H`#N.P4#8`=>4&E3<@="(`0GD"P'<`$T4!XU\`4-$`!_
M`&!AP`,ND!M04/UL(`=@0`5"H`!TD"`I(`0:0`(1,$HIL/YK80&V^P5'``9F
MD`(7``A45V`N0F$;?T=?`S\D?X^0D9*3D7=80BX,"S87+!R/"V0,?S<'0AU$
ME*JK?UQW0D(G#&8I%X)_93X.CV`K)JS`P<+#Q,7&Q\C)RI`4`Q`J`Q98&4D*
M)A0I)BL5-Q\$0T)9RX\F7P1!`PE4+3IA%1$7!'<?<#OV86+CCV0M<"`S.<(,
M^='@S`P-4+Z\.-(`S@@G%O1U$3)DR(`N'?]`P%'P(X>"&S:<<+!#80B9%_K^
M?/&R,0>5&3=`./F3H8&0&']L=(##XT?*<N<&J,BXT6<'.R7^;!1"(:73IU"C
M2M5W1\6?<G(NZ"DCI@*+#&64I##`(X.&)&CTF:#Q2,$)'D$2'?"(1\\,JW\<
M=!B3TD6!/Q(4,*GPQXP=`BR*_'D@)D&#)C0JR-"W!<2C+P8::/DCA@D3!']V
ML+@SX,P?%P]2TE#<@6R&/W0N_)F`X"8#%N+N.$DU;FW;!YHYLQ7@(BD#`BF:
M3EW.O+ES?7H*.&E1`,LC`TP&*&]@Q,X#&RGH.-5!Y4.`!H\HL,#^B(F!/V?8
M*$_)H$L*#.O_Q!#_XH#%(P<E[-"`*0Z`D9(><MC00@+6_6'``2S$H10+37QQ
M1!L#))62&0XH`$4#$ORQA!6/P'$3'"S`\4<<+."4$GD?'-$@>WEI^`<+\SVG
MXXX\/B?##REH$$$YCYQ@`Q8)_`&&`A5@0<22KXVCAPEL]`,'%GPE,$,&!SS2
M`@9_$'"`B_I$4`$/=X`QPPE_P%,#"P:>\,`#';AA`A9RZ"-#`#S8,"1Z?YS0
MP@P$_+%!&$4<\<$!;%BF5@LL(*$'%CG\`85L2MUD!@N($$!&1%)2V8\)@)[`
M5HV0X-CCJJRV.DX7`PP1!0-%7*"#&V%0`((-8VQ!0P(*C#$&%FWH\P06_W<H
MH0D3&>CA@@OE*'%#I'JD@%=*3+##P!@@,`'&"U_LP4(71"B0``T/Z*$$%D](
M](4`LW+`PQ`DA'$"""YH80`9;AP`0`0M))$2%B-$P``73#Q`@J(EWF37#URX
M0$49QB*KK+STVON?C:JZZO''($]RU``DZ['"(BG\T4,##7P!Q17`-=""8N-@
ML`;)Z2!Q@0(-%$#"`2VG5BL03PEQ`<DS<,`"%E_4\(<77S2@`!A;#*#`%R?P
MMHP8(>!<10([IR`%!P-@,4``)"A`LL+ZZ+#&(@,<@80"3%?1,$XUE#V`&RG9
MC/,=8"L@]L:IYACRX8CO>`4`C`/PAQYS3+'`(_]N3`$'Q3)4-`;%XXS1.`";
M<Y"$&WK\,<84&Z2E1Q%X/!5!XWPK,844CG`AQ0Z3Z[%'$QN8I@\#GZ.AAQ1-
M+$"Q&SYPX(@%J*>ECQ:?6U!&$3Z84?KCK/]!`@<^]."4YXV/,7SQG(,Q^2-*
M^)[X^NRW[_[[\,<O__STUV___?CGK__^_/?O\0*_8$4,#/0('-!,'POP`3"N
MP)=';,`,_HN@!"=(059H($JKH`%*'O&"U*2D#38`Q@..`(D$=*""*$RA"O&7
M@G8%8`9D2-(.9G```VQ@9WMXA`4&,`%]6*`%4_A#%EI`AM<L@0P'``$`HM:N
M/\B+3"N,HA2GZ*HYA"'_!D68AA=80(<PV"`#+?!!`V@`JC^TP"?C:,(,N%"$
M%&3``%@`P`QH\(,/2"$%9(`@?$H`&BKZ\8^`E(H'DG($(1C!"`WX00M2X(4;
M_.$`(8*$`T(XCA^<L`M?..0`/-`!+%`!"7]P3R0,<*I`FO*4J!3&(,OP`R0E
M``%2T($`G'`V2$8"0/KX`1/^0`%7(B`('&B""ZP@`%%"P@`G3*4REZG,.,R`
M`5*PPPTVT((A)*<(;,C!`4YPAB8HQ@;O&0<%9D`*(6R@&T'X0`**P`,*,,$%
M1=C"(RJP"V;:\YY4U(,"D(`'11W@#B2@0!C8L`(TW"$%2G#`#78H!1\ZH0IZ
M_]C"!\+P`SU4(0P\>(`6D-,%*A2&!4K`ITA'BL(O/B(&9;1`%!QQ!KX]H@H=
MN-XX'$"8/V@"$A:(P?5ZX+L`)).D0`VJ_HH0@&(08`E.B8#3B/$"\0CUJ5"-
MJE2G2M6J6O6J6,VJ5K?*U:YZ]:M@#:M8QTK6LIKUK&A-JUK7RM:VNO6M<(VK
M7.=*U[J*M`LV.($>HR*`AH[A#H[[0PU&00D!'%`)\D0?`D!E6%980`!E)`8$
M!#".P:JBL4_90D@AL8,Y0>!CB+6K__0`I".(00%VBXH+C/`')%A!#,,3PF8G
M,8-(_J$ZD"C`&BK`E]JR`@X'4)$Q!A""R![#!3F,1/\;\I&!)CH%"W]YA`O"
M\,8&J$"F/!)#&P#`)F%P(`7G$VWB+%!$/>C!!E[00Q<J<!::.`X)\,W`"3C0
M!1`\``EEV$(%0/"$,B!A/A@@P\(@Y(8VI&`,7JC`"J[P!P\XH`V0O$(&'@`"
M0-U6"`.0)R3_^X<KK,!2<LI!$%)DAA-4H`UC0,.$3_`R%6#@#I"0PQ>P4%02
M3)@*2R""%QZP@B*<8<(K0"H2-/"`+ICL"DT`004"H(46-.!K.M#!-C!`!`!@
M``4/P*`>"$#AIE```RMXP!O^H%\O#""Z#.C9(Y)0IR8\H`([V"@*-'""Y5+!
M`F-H0P7T>A4E9^$,":@`%:#_`(DR/$$,("AJ!.R;`3=@@04FP``:'ER!'_S@
M`0F0`0?F5(,>'"$$"<CSGO<J7E>=X01"J``%^':#+_S`!@/X@W8<9``#A,`(
M<!B`?0<0!"R$N0%76`@D.'``#I!!`EBH@@W`W!,VL-8.*0@`)$]P'Z;E%@L5
M^!0DV3,B,+2@!2*P0A-2U`$ZWJ<`0J@!&YR0:QYTX1%ZH,(#=#,&*-A!452H
M6@VP@($`Q(T-'0!#`RKP``68P0I+P((+'&"'(LQ@`"^`9!C(`(T`4.`++EA!
M"!C\!S?$X@&Q9L)*!C6&`8CA`6N(;A:\%0DI8.$'U"Y""0:`@9UA(!P98($*
M/M"!_PA\P`8:$,)!+:D`2"A!`530P`!BT((.G``+4,!"-K&P'R>(P0Y%;``2
M7'"`-ER``AD(01MROO.?EMI56C"!TK^PA1^P)0)PF76MR?('W1!ART;XP`I6
M<('H%IH)*A#"M*C`@PA\(8@X$`(#%/+(P)#P!;%^1'7&P`8J;'N7(Q)-#/`@
M`!;M(`0:6`$+PG`<%4`(#FP8`B26T(`$3,0$./!.%=P0@`N<H`!`6-`?<,""
M!'SA[K)"^!0"X`"$LP>2`Q!/&UJ@GC,H00C"/<,.$L")4'HAOP.PNQZ$$-TN
ME$"F;F">!!S0@"64H`\W\L(?PB"!%#@AS&LPO1ZX0("#M/_I`D3[`ZSVSI$#
M*``#)J`'[E$=^P$%4A`</0,'%/`#=B`!)A(#[@=_9^<Q14`#!L(%%7``&D`8
M;L`&<R!WM>8?N-0>9&!I&#!;D*`!;/`%,D`%*<`#^_%9$"`$"P!=C==Z0F1A
MN)4`0L`&$L!M5J`>D(`B%&`%*V!I+Y`!`Z`!'9`B*0();8`)+C``ZE<%&M``
M3J!>%3``-D`A?P`!+.`!D?<(5K`!7]`"1V!\NX1\CI0#9""$^R%<,N8"6QA*
M[]$,#D`#I?,%T85Z+H4#+7`'&)<#Y5<"NY`?D#1&EO8#-'(C'^8&%_`)@)%(
ME@8'%M`&3O`%.S"`5`=]K/<(2'+_`#4D!`YX$XIH:1/H*A9``TX``28P`Q60
M!;&"`0-0+2!0#2'X!T#0`%M`&@&`6EG``T6P!$$$"1*P!I8!#C.`!V1@`T,0
M$F5@@Y#D`BU`35]P;7^`!F(``Q)P!#RP`=L8`^N1!?'``NCP`T%@`Y;T`$.`
M42@B7'_@!!IP!F?P`V\8!GGP``>``300!$Z0<1\`!0JR!T+0BQ\``%9``!?Q
M:4]`%F\`25AP`D%@+7`(?8\`*W-P=6,@2LT`!.EP!RD';PK@`ALP!0UP!+0(
M!2LP`!M@B#?R'M/H!$&0`4P``3P0`#Q8'@-1BX_0:EF0!&0P!P=P!#N0'$Q`
M`UW0B7#P_XE_\'(#,`5=('9P8`4[X`(R29.IZ"I+,`,350$<8`$/P`/4Q4L*
MT`(T$``!H`&/``)LP`)'<`8V\`$S@`%G0``8]`<Z4$W9Z`+%@B)L,`..XP*.
MI`$F<`-.P`)&4$HWX`*/0`LF8`9,P`8VP`9_D`,?\`$5``1"$@!A$`9&P`'(
MD3!8$`%"\@@,``).Q0$@,`=<J4XZP`*+D@01,`-_*0X_T)8.H`?%UID:\`$U
M4`4*8!8F<`>PZ0)*,&1_8`%.$`&-.7H5\`%-X`5%A01L\9PTT`(-]5*1J8%H
M``5A<``K$&T_($\:4%2$>0,T\`%.T`1Z8`"7^0,18`-B.1\RX">>80`"6H`"
B+%`E:)`W;>`"RAD!%2A=:I=1&F@!#7`"Z*F>3:!,@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>45
<FILENAME>o68633o6856309.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856309.gif
M1TE&.#EAR0$"`>8``+VYL]#-RO;U]'%L:=32TM[<V?W\_.OHY,3!O:FEHN'>
MV-C6TEQ64\/"PN3BW:&=FNWLZ=S:UI&-BLC%P<&^N[JTKE%,2<W+R?7T\FIE
M86%<6>/AVSLV-8J%@:VHHIR8E()\>961C:JDG+&MJOCX]GIU<KFVLVQH98>%
MAH:!?K2QK9F5DL[*Q:2@G"LF)G9P;<&]M8V(A>CFXTE$0O+Q[N;DX101$6=A
M7;Z[N+*MINSJYHZ*B7UX=/KY^.+@W?+Q[_#N[$`[.M72S]K8U?/R\=+0S>3B
MX/OZ^::BH+:SL#$L*^SJZ?KZ^??W]?'P[M;4STM(25903<O(Q:ZJI^KIYYZ:
ME^[MZ_S\^Y:2D>#>W,W)P<C&Q?/R[\?$OD5`/D9"0?GX]]O8T_+Q[7]Z>-+/
MR<_,QN?EX_O[^N/AW]31RF=B8&]J9\O(P4Y(1=[;U7=S<-W:TR`<'-?5SN;C
MWS8Q,,_,PTE&1_[^_O[^_?W]_5-/3NGGY,?#P*BBFMS9TO___R'Y!```````
M+`````#)`0(!``?_@'^"@X2%AH>(B8J+C(V.@F=3(0]SCD0Z!H^$0Q1'@Q0!
MFH='>SVBIXI+*@*HIV`RF8]G,F":*@6MN;J[O+V^O\#!BTTE+BY*%A&-+1DZ
MJ!)M7(,6/+L%>D+"CQ<<>]J&15[.CPI>19IQ+=_K[.WN[_"+$2XI"S@V.Q`4
M9"LC1']G/$CP<(:&!B4)!C$1(F&%D3Q&`)"1@(/5'BP)2@2A,2C(@#]$DD@8
MP2KBQ(I_GDA(PH(/H1`V.BPA,D("@B8"1A1`4@#'DRH)G#Q`LF20``I#_AC!
MX60(#AQ;0HXDPB0`!0I8+OPI\`*(4T$XAN0L@&7*@0<K(!`R@T0"GUHU_Y"$
MH/!'`)\+4SZ(16$CP=(G*H@4P?)AP9\\`214$5O%1@BU?XH@N,($:9X"(4(4
MR//'QH>C29="L#H"RQ,I(:3\N3(DQ`HS=6LF<1*OMNW;N'G-RX#`AP\B$^C$
M$7ZBR8TX2N(PD!/'AH5!`&PH<<%AB`?IR27(X'`LSL:.`WJ\&![G!)#K2K(O
M,*;$.:'V2I(P<"$\Q!P;+MJ,H',,/QT;;PPR1Q`H_.$!'03PY0(6*9#WA@QK
M#$==``W8,,<.=`A"QP[WI6?#<`!B`(D7_4F0Q1?])>"#!?3%\<43[5F@`G]1
M=('?A`@@YX(-"[1APPSG_/%!$$44X(()%!R3'/\`G:TP8($'3A"A<#K:0,4(
M.IH#`GDG7)';EV"&"68/'S3GP@P(3*!$"0;P$$<1<9"$91$H!.'`("Q(H`-,
M#200AQ0_?'&""3Q2H<%W@GC$!P<A&$`H!7X"*F@(<4`0P0Q0T##""`$0$,<$
M]^0@!P,SR&%#"E84H40($7B1`1,:0#&(`P0:J$2"+D@A@`<>S#&#!4^<$`00
M)G"00(4.Q*"$($K$X(`-(V#P!0-,K&&!$8*488,)1[3@`0H<7-#$&FWP80$#
M3:S`P03($J#$"Q`,(0$:$B"DAA<"%"!!`4_8T,`@!7BQ`J$_J!'$#S\$H49G
M']`*I1)\G/`%"6/0483_%)\>F@8"-H!@01!E)-%"$V*6;/+)PA`AA1%E>!"$
M$A,$D5`+_MJ@P!\*^%OGG8)0$`0#-_B;@!)H_`'%"1_8D$<>*2#ZAT<)!('`
M'SWT-7311P^0(1`90.%&>B!X.D$"-FA@-@]IV$"7NQX88<$8?YP@JR`.VYI@
M$+1)$,0-00`K]QTQ'VM#LLO^T>RS_Q[]QQC7"N+!K7\8<,4:=ISQ1PM*F$#-
M'U&S.SC;?RS@Q;D(>;'&'W=<D8>I_PJ2QPLW9/`1%!D(TG63=3\>L:P[BPV%
M$F8SX($*;23'PS\H)Z_\\HT0$,0#"RS`P*=TE"##`$H\$0<21B`11X)T3#!(
M_PE*\".T$M@>G80-$P@1A=,>21%$"GM,$0>DZ!M]`A:?%@N%`!.80`$\-3P;
M]$$.59B"#_SU![:Y#6YR&X0,/&(&\MV-!E;P@@:$8`&_R2IPR))`'-`@A#@X
MBX&*8QRV_H"Q!)B!!Q*(`0=P@`8-Z&$";^-<$#PW@0LHP0-_P((+<(`%>W'`
M"!1@0!CZ-062"6($W,'!'P80A"QDP2,,F^``*@BQ"/;N4WPC0QDZ@``)2&`*
M>N!`D)C'QC8N#PA!,T8<'A`<%U@@#BEHP@#BX(4XK`$#*^#C(&+@'"^H;6CI
M.P$5O*"$&;@`?@,XPPN<$P=X(5)_6>"`CN8F""/%P?\$)XC#'1^`N`;^\(%Q
MX^09-!"'-M#A5G6B`1'T8$<EM$$($03AX-;G!0[8X(2).\'B&B<($K7ADUEH
M@PN^T)<LY+!S%["!%T;PPS\@X4=!<`$2ML!'.M"!"?<)0B@ZZ04Z4.$/"*!.
M%)NTRE:^<G=_^.($3.""7GI!"N-AD1YDX,9^^K-D/>A"%5I0@"O$K`H/0(`I
MF`"`*@#`%#U(@Q8&080*Y``(,*@!%=A`@C^0(0QW@$`+8!"!,GA)$&2`0UTF
ML`(8F&*C'?UH`590`0"T00^$N`P,@-`$&*Q`"&?HP4[_@`$MZ(`$:;A9&,A`
M"!U,004^T`(&LF#2/\RA!5W_F$,7@+#4/]"@#%3`:`^.4(8J9($-&Q`J$#P:
M!IREH:."`((*JK"9/T!@!%5X0AZ0>C,JE($&5WB"%JA@5(!40`1^54`>%%`%
M%5@!=7)@`T<@L=0['$8&#WB`##@#`WXZ%:I:H$%7J=H##'0!L#5X@`B<@(>>
MTA0R_XRM;+\4N.0%(`X<^(\)9LO;WOKVM_TTPQ22@K(K"*$*59#"28'+W.8Z
M][G0C:YTITO=ZEKWNMC-KG:WR]WN>O>[X`VO>,=+WO*:][SHA8<`J-"$<_K@
M"#5@!2/:>X:'+,(,M?A#$VI0""(0X`)#L%QZ!TQ@]!(@!`$`P1\L((.P-2+!
M,F``__(2<0)E_"$`"QL$$'C`@"A88`5.++"(1UQ=*^QA"$]P0@`"3`0'3$"8
MZ(L`$:X0@0LL(0]-,$(6`E`40;S8`1QX0@#.>80%7`"V?]`#`7S,R3^4H`--
M8((5OJ`"$EOYRLX-01N:U@80M"$)6^#!BPUG!`UL0051\+(46*`$'FA@#0+^
ML0U.,``UR$`%&2B!!7J<Y"7_80*<%``=5O@'"F@`RXA.M&Q1\`8PA"`%/>@`
M"AHP@#&CSP)(B,(>F!"##L2,JQFHQ)]/X``E9($$`UA!"L;P!`1,6,E,%A#>
M!D&`YRCZUKA6'@IB(*0/_"$&DZXTC-WV@38(`@EC`/0?'/]`:A^3F@-KE?0"
MWJ`!'IQ3$%$($@)P*@@B<``V8/E(KL=-[B_MNM>_#K:EW88$"Z@E!3%0-K-Y
M]F,79.$*+VB!"LQ`A!FT;G$)8<('.D`(#22D+@Q@4KD7SG!WA``+EU,'%B00
M9A:4X&DU,',"O,"X!;"``7^H(+@M;@87F.T&3FB!!D`P`_Z2$P09^`(1`I(#
M",@@"BMG0`R80`45*+SA0`_Z+JSP6""LU0H0$,`>E/Z'+#`AOGE8P`36*H!*
M'.$`GJC+'H[@FPNLE0FGX;,@EB"%"SR6"!>H0)7!$``IX.(/#S#!#H1.][K[
M%@(+V$$2#C&"&*1@LG8/O."9MP#_`)A@"H?P``4\,([!._[Q8IJ""29,B"6,
M8+>0S[SF-\_YSGO^\Z`/O>A'3_K2F_[TJ$^]ZE?/^M:[_O6PC[WL9U^(/`A`
MP%0#@V4%@8'ETO[WY$["&V*`BSUT8`RA8,((\BU?X#M?T63@P`(ZT"4&(*$+
M-X@`#MK@`Q`H>!!GP(#XQQ_BYYN?O$7P@!5:\(8K_H,''S@!71I@:T$$(`WX
MS[]*S\]_\5Z!""&P*H!F6<`&:[5&"!-P!@JX@+[7?PZX75;P`U10`1K0`G;`
M&3&P`]D6&?7W9P_X@>+5`B&@7R<``^8D20```D"D`H<V".(#@C#875DP`]26
M`F`0`S=P_P,ET`1#P``OP`!TX8(Q.(3;500C0`$_0%0F8`)%@0<+,`5%P!E"
M2(14F%XO6(582%Y7F(5<^%U;V(5@J%U?&(9D6%UC6(9H"%UGF(9L"%QKV(9P
M.%MO&(=TV$]S6(=XN#QWF(=\:#)[V(>`2%N!.(C)\X>$>(CN8(C-A0%(H`9K
M,`(D4`0#P`,\P%0KL`8OH!6I5P".6`)9T`1J0(DYP$)KD`%3$`MAJ(C,M04S
MP`(L8`$$\`#Q-@%+,`1?P`)5\`;E1WH8,`8A,`0G$`)N\`4!5``]8`$CP`<9
ML$9@J(K`Q0<C^`=?T``I,'$!P`15T`$A=0*&<7I6T`&LL`)CD/]$6.`/;N`%
M&'`'(%`%9>B,OW4%1[`$$C``60`",>`R4X`"!W<"[NAX>-`#5=$&`"`?.;!R
M?``%!%@@9-B/O94'4F`!'?`#5[!60C(&,:`.9[`&XW1Z/S``#!``X4<R"Y`!
M%7"!OR8![;A=4M`&$>`E,M`!_P`"$@``&M`#"#``M'%ZO1@"_\`$2.`2.#``
M,D`'-0`$`Q"$J;A="?`%`]"4B;$&'7`#15`P*:`!0(1Z/L``:]"4BA<%,2`\
M?[`#F`B.*:E=!Q``:!D`1-`$?&`"->`E5``#9+"+I-<$"Y"6:&!<`"`$)&-:
M7?!898F(@HD;##F8AADY':`&)S`"?S#_`F_``S&@`$20`B>0`H3F@8?Y6V?0
M!)S9F9[9!`WH>4+``5M0`6K@`"^0`!,0`#^@`MQX?(2``%0PF[0)F,]U!T?0
M`[JYF[S9F[PIA:/'!+XYG+W)!,!)"`4``,JYG,R94:,W`1]P!S20`0'0!A*`
M!8:1`?^R!1U(`5WPG>#)5-"5!S*P`>9YGNB9GNA)>:$W!^KYGNGI`"("#GU0
MG_9YGQ[P=J$'CQ#P!F]``ARP`B'``!<0!4M&`-SF8]B5!QO@!P[ZH!`:H1`J
M!J6G`!)ZH1'J!H!'"$5PGQ[:!_E)>A70!E5@!09@!9P!`AIX#D40!0BXH`V*
MH3+J!Q1*>A8Z_Z,7JJ&'T*$?:I\A*@@"X`;L"7E/,`,+P!D;,`8"T`0O@`0Q
M\`"<4SM3:%T,BJ,86J.C=Z-6"J$Z2I\]6I\_FFD:8`%LL@AHP(ZHL``#D(2'
M\`!90`C**07B-D6(-PAY\)/`A01MT)0I\`0Z6`)O0`41H`$IP!LO>EU5NJ41
MBJ6BIZ6*Z@==6@@\^J4_:@$FD`<1\`4.(`/)20$DXP3*"0%@,`)!<&T]0`!%
M8`)9(`5,^`=`0`%)\*:<R@=U<`).,)M_$`$FP`<]``0R8PI$Q0`R,&:"<`()
M(`,^H!0U$&%LVEM[D)9/@`'Z0`%4<`>+90(M>:A4&J./ZJ",&GJ.JO^HD<JA
M7PJF;V<!]<`$?``$T$`N";`$B:D&;S`$;A*$<^`":Z`'6LD`!+<#;7`"%B``
MT/`"7<"-+\`'$*`!)\``#Z`%+F`>/G8#>4"L<8,$\D$$&=`">*`!?L9=A?E/
MB=JM-%JA(@NI&SH(D]JC/RH$&L$!'4`",:`!$TFB;:";%@``"&`')U5J:(``
M*!<`.*4"$\`"=#`',:`&32`'4<``$L`T$C`$7=`-;4`!NX<%[$BQQGH&LC,`
M:A$#C-E='^M/(=NMWPIZX;JEXXJRY0JB;Z<%2\H"00``P"8(>L`#PA0WJLE)
MM$(#8X:@9Y`"4?`&+I`L!<(<7C!W4,``_KG_!DM@`?^&`D"$M0DA!38P->@&
MMC!:LB-KHR6;MH*0LA_ZHS,@14V@`280LTW'``G0!@K8!@%DDLNV$7VK!V1P
M`P4P!$I`N'\@!VI@+D;``UA`!#[0`1A@`4BY`A!G!6HP-330!A=`!%$@`0SP
MIC%099B+J-Q*MB0KLIX;&6O[HU5P`RGP`FL`!#$0!&.@`5.P!X!:`B!@!0M`
M!Y9[<T00`'`S!!EP`"?``V/@!2;P`1#G!F,`!"V0`@5`J`/P`$QP`ETA"%+`
M`%[2`@RP`R>P`TZ@`@.@1TB0!S?0L=L5MOTTMH]:MI]WME;:O3Z``"J\PBS<
M!0<@(#!0!)8#;"S0_XUGT`4L(&!=<&UG4`,XY@P]X`U4X&H^D`5&]P=,``%Y
MT,-YL`03X`:"8`1D(&!-P`#>D`=S``-I<!@0\`]$,)L2YET@[$8BK*@D['DF
MC*/=:ZU+T\9NG`>[9P@3)R8(($6*<`<M(`=>F+DE>\:=E\8SVKVY@'1B8@!T
M60BM!5YCW$9EO*5^S'F`+*."/(2+S$:-;*6/O'F1C*%K_,:>',>T5\G,<\DX
MFLF:M\DY>K)`J@.LW,JN#`&'#'NBO#RD/*.FG'FH+*'="P&!K,JQ-\O*4\LR
M>LN0E\L9ZLN\+,F^+,O?@`!)@`L0H0+=V`-/T7SL(,Q7NKW=NLN]+`@`T/^-
MN2"J[D`$`#"DW6;.U`7,>;`"&0`"#.``1:`!.Z`!18`!6/`",MFLZX#-%TK,
MCV?,7(K,W8RWA'`%\VD44G@%30#*?_`&0=($P"H(QOD'8.`)$&T(37`&."9@
M!@V<B]5L@]`#3H0$ZB"&P@`!'.`#>3!Q,<!K%<`#6]`&3/`',Z")UYR](ZS-
MC\K-RERL!P<2#]"D`A`22?`"OI9R)6`"`)!?N)L"1$"O*7`..#`!#S"08]`!
M.`"9N+<%.+".)E`"*R```A`#J>D$1)!9.4!J-;!;!=`!/"`%9C"F2&9=P$P"
M;'`'1%`"+;`&='$%%A`"-U"L5WG3FNO/C@?0#\K_TYP\6<8Z"#P``CZ0`2'@
M`#/``_'[!%A@NU%P`I.E`T'0`CK``5)`@04P`%]0!DU3`!:@`2QP`S`P""A@
M!P70!MG7!E+P`!E0`_KQ+#M0JVPP`UOP`R>@`D1+!B^0`=9,U]]0`"=P`F#`
MCX)@`3%PMXW=#OPLH88]>(CMH(J=RCX]#5H1`.^<`3<#!1-PE'_``L.M!R?0
MN`V0!'20`BGP!5,P`'OG=XN#!/$TV"B@#B>@WP/0`#U7+PD`9!#@`,6S`WB0
M!'8@WW0P!7-KTL%PIZ;+"B_`F'.@!@D`<G_``'9,V'VLT^(JT#U-T(+@O']P
M`>_<;.9]`E($`R<@!RH`_P,"X+@C()``D`,1$.#I!G#[#=M`U-@#\-4OP((%
MOA$.$`4A$`0R,`()!P`>$`$1GEW`3`5!@`1E5P-5,`!#\`8ML`!1<`$(P`#Z
MN<\X;<8BCK8DOMC%V@$7\.9KL`,+``(K,&]&,P$=\`(-<`.</0AZ@`1%*@52
MT`$[_B]S.P8)`;E`3M`#,`(:@`,7,`,-@^2D!@(=`(PX(`0#$`$4',O2!<PU
MD`$,,.KO"G,G0`1YD$0,@`#'^0W7O:AI?L)K[MU",NJCKJ8:4`)```$?\&YA
M8`3I&P)]+@C3#0$/H`%JP)A58!@C@'@)X!)3<(71+B134P5&N-E^!P$\(`"\
M#O\!-;`&/<""&>!K`#`#HH9=P'P'"ZC1J]$$L7`'8)!?[O#J$QKK:NS+5N`&
M^K[O_"Z9@F``ZPX03<`9=V``EG4%>&`"*E`#((`%>`!^/7`'\![QD?/P2W,8
MG''QKL,9!L#Q>(`')'`&5Q#Q5R#Q!I\Z$M\#NG<8"RWAVUK8]C[0A3#RQ*F;
MJ/@(10`[)3#7Y-8$13+3E[$`3M0$8%4(P)P\]/Z@V2UXVVVR\(!C/R#O"Z='
MI?@!D2`[('8]+_`&&XF9+Q_BG,N]R_P((R\(3K`$!YT;/8![IY`',^U/?"!S
M1I`!:>`%"T`$\O<`*6!-4MHS9?#W@`_.IZ#0GUGXAA__T=J0]-X:\R6>"P%`
M!GEPDYA(7+;1`PMP!2;0]8J0!>QY!N7L3Q$P-4:@!A[P!;60`O.L&M5)"'Q0
M^%(O"D0`![(_^[1?^[1_[HE_YH[,^&P>SBD`JA90`$#0!4Q>%U0@(E=``DVP
M!%?P`U9P4D9W4MPN7TX``6Q/T50`5STP$XL5!)8B`T'U`T"0!Q'(&=N/ZI.#
M`WDPD>-O31#W3W[0!BMPD,2.`@:8H%[?"UR@N3P#"'^"@X2%AH>$>1M^C(V.
MCXYBB).4E9:7F)F:FYR#"I"@CVXTG8,K(7\6?(-31F@G#&T%0B\\7CNQ#W])
M418=?S1Z47H]+!86+X1.41H,_T-G:@PS`!TV+2TP,`-J7A(:,U+0L0!"<70Z
M#U%M(G]%&J7PI5<E-P%-0E]@?RDK&A=_%Z(0FA#/$)=0"!DY*%A)44*$DAA*
MG$BQ8J9/#R&-BG=#Q1\E:`89P*/B@Q,0528P($-!B9$14;)$,5)`@Y`35?:$
MJ!+DB9$!(P0U29'$B8029#C,49$D#(<#*#QXT)`E!`,=;R1D*4%EQQMH*G"4
M,!*!@X,]#$A97,LG")\"/H`$V5+D1(`J*<P<'5CQ8$9("]<.<OCW443!B!,K
MQH2Q,*.-\"PT^$.GP"`6$,A(`&'APX03>0CH^=/`PA8Z`P:TR>'%S9\?"&8(
M:I%"D/^9*&L&:#@!@8&:%0L<!*$1U0,*/`G&_$$1`T(,SLD&--CA)34',C1.
MA%DL,0&#$R=`1!AQ0\.*/TLRG!@0@2]%OXX5*B8<W\]A[OCS(V[L&'*I*!3\
M<8,)@@C@!0$9O$!&")Z=\(=HI)G&@`(*=+&`%]MEH4(05^2Q@@2"R,!`&@J0
M,0$$"A3QP@G"$2<5"G\DMUP,+3`P014\_"&=!&]0"(`.V2F@'SQG-&$D"7GD
M(0`&5PC"Q`_ZN#<1?/$%AAA]\=TWY)9<=L)?8?YU4@(2?SP11`(4O#'&$1FD
M```'/'SVX&BE+6%'`C!9\<`)*D2!``,A3-&&#H+D484&$V3_L$(105!0`@@R
MN,!&<3#*R%P5:ORI!@9OO!&`!@E,,0,1/C"01Y?X$?1>??(EAJ5C6J(JZZR&
M?/E7F)PDH1P>67P(0),%?/#`$#M`\(\3!%&!P!]SK+""$']<,44(.*!WRC^#
M@*%"##A@D`<..R!A1AX?L/#$'#4\\8<1!)0YQ`]5K##$%',L$(,`"ZSP@1%_
M4)`!K8JI.B6K?E@IV*N%Q0KPPEW:FA&NFX`1@A2"&'#%'2+E<<<9E!A@P&`7
M5]QD(1MC_,?&I_YA0,J3Y/'Q%7AL?/+*T:Y`,<-K"2P1E8X9O!;"?RF,\]#<
M.?P0Q)N8P2_1\.2QP!%,4Z0S0SP7_^:S14!G)'347%-D=$)(=RWVV(-,75#5
M?UU=4=8/;4WVVYI\C5#8<->-L]GQH)V1VA2QG9#;=@=^B-RAT"WXX5SB#8_>
M#_$]D=\0(2[Y)(2#8OCDF">F>"F,)^2X1)"'`GCF=5>ND5JDI[[8YIUTCM#G
M#(4.RNBJCVVZ**C7KGM%K'/B>BBP%R0[)+3O'O7MCEQN_/*8]+[)[Z`$'\_P
MAC$?./*-*&_]]H<XKPGT@,VW"*O%<P\P]H_E;O[ZDWB?"?B/2-_T^/65O_L2
MNOQ11@<22#`'&#@X00J<H!_T^4%[[..>^S`!/T?(KQ34BT0""0$`!D!!$"'@
M@0E,``0^M/^A##%(@0#R8T`$3I!Y"[Q$`QOQP$Y$L!'VJ]T$.G#!/XPA!A]0
M5P=V\(<S6,`R^"FA^DXXP11:8H6MNA+]LD1$04S@@GFH10>B0(`QD.D/>FA7
M$%EEPB;JSHB50&+!Q$>P&,KP@E?(P@]Z$`,)6%$045@`";DX1"^:#XR4$&,+
M.?%"1IA1=4_\0PUR((`\=.`#6,A1#31`A3G6IXMV3!T>)Z%',I+/BX'\P1HT
M,`8ZF$$(%AB#%Y+`LL4(,9)%[`O!]KB)/MK'BT20XQ^`@(`*S.$.>3##",@P
MLBT^LHZH1*$J6<5*3;CRC\%<RRF3><=AUJ>8F3@F,VFUS&G:#0/_9A#$'BYP
M`0)X*P(B"`#'RN;,*EFR?M:45373238,@`!&?P#!#=X0`Q\L(`C>2("4=K;*
M<S*1G5Q:)T"[I@$OP/,&%)`#$?#`@Q'<P00"&00%M$#1BLIA<?UTU1)AI9\L
M`$$0?/B`"CCV@Q%400;YP8`55LK2EKJTI1@P)1T'^C;C_"$/J%E#"GH3@'98
M@!!\>"DR_U!)C981/T2@P`E8\`<Y1"$%:JC"'SHP@!C<8`GXT0'!#B#37]*4
M;#:]0@OF8(0,M""+<]HGU3*JQ*-R9P$9\`)!JE`%,)A@-!800@\T,!GN:)55
M7%6,0+_*-)OBZU0ID$`&`H2`B#JQG#WS_R='N7,%$IR`(#2`0`XLD``X9."C
M.\GJ5KL:'T@2=DLVG8,+````#00@"2,Z`8C(N2IB2C9A^KFL(#"0`/74X02D
M^,`'1`M8TO8'F*==V!-6@8<NY(8">>C!%#3P@!'2=F"V->HE\Z-;"0CA#D10
MP@(84(,_O*%:?AVM8&>:7-)-$A%%;>MV\:/;![R``@]@``8T\(&[+FTQ?ZU/
M8!,SV/8>[KV'B._!-HK;_"0@"W\0@#Q?$($[!*`$:H`N<05L7#`AU\!U0[!!
MV+I@MVXINKT\0P_T$^#X#'@_[`6QY$1<"`7_C,%!.V&+'?-BP118QB&&K-5N
MF^,)[K@P/59FC/^!+#@:$\+&6,.QUG2L7@(OF<EV<_(@H+PV*;=M/D8*LYC'
M/.8>F`PQ1_Y+DBWR8RR/3<N"X'+?O/PWQ0C`#7C.LY[WK&<']%(P:<[(FBO2
M9C=W#<Y$)?&-32P8`1!L`W]>2Z`?,FBO7=G09$.TG!]'Y\@EQM&L@K1B)IV0
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MX<:XE4T>=&QW_'4?GUW(+3YRI8];YDU/S`&6A9X!U..F*M##!\;YV*'?N^@L
M/SK5DP[SI6,]ZVM)0!1@=`4&/,`$-Q@"#FPTAMI<EY^\+O%\U>[RJK?]ZL>%
M^UJ0<`,8U2`('RW!`]Y`(`J,1J)=R+SFR8#1P"]Z\*]&.J!)SN9_*[X@-@WD
M'V*``K1"Z.]K]7RK06\1;SL&W*.WNK^9?GJ&_]A4"G8X50QV$(4B^%2M9V-U
MEUU=>]%+FO2$-GWO2V'3`W#@HV\800D(M'?DYTWY<V9^16Q?&-P_7_<E?_OT
M)6)3AJ;F#40H@@5BP`"/P#[YLE\^[<?O?&%#W]*\MWZED"Z"L`0M\`"6<084
M0"U14G;8I7)HEW.$MW.&UW,QEW@"*'0/2'2"QVT3>'L()Q$*YP@,5PH.EX$3
M87/HAG-%IG,@R',\YG,/`W0H:!$J.'`LV&PN6'XAR!`CV`@EZ"725X."<8,2
MEX/JMH-_87[^AWZE%X!$B!A&Z'%(6'!*F!%,&&W_=VI#&(6\\W3`$W7$,W6%
MQW86Z'88Z(6K`X;1(_^&U6-P+UB!,7B!'J:&W#&%4%>%%/>!/`B#2":#1T.#
M=A@/>!B&>@AR<-B'<OB'=/AS@Q@P;!@^ARAUB;B$/5@0/\@(0<@))_B(FE"(
M;3B)8UB)6'B)\9")?K")F]")GM@\D1@_;BA!I/@064@)5E``!9`%#6@&#4@(
MJ*B*<=.%K5@*H"B)$=B"?&B)FS`&-\`#>2$(!<`!LE0(OPB(8".(P_B)K^A`
ML0A#9$B!F9`!.+`!37`J6:`&'*!%U+B%B+``95`&0Q`M%V`"V30XPIB-FU",
ML"B*;WB%M&B*A&`!&J`&$H`!&!`#(8!6AE"-QM0&SM@"NW`#*<`#_T4(K(C_
MC^VSC2S4C7[TC7&8"3L0`4`P`SA0!2#0!`JYCDY("4#@!4TP"#/04SPP7+5R
MCQCIBF9W<\>H@YL@`"]Y!3*0!41P".2GC)G0`WO0)"'P`!F@!'1@`RZ09`R9
M"4+@`E[0!A1@?1#P!TBP!O8(A3?)"?K(C?PHBYNP!"]0`7_P`,@0!8U4"$59
MBIH@`#&Y!%Y0!%RP4FW`!Z4D"%.)"5F`!'M@`AK0!<,1(PY2DV`9EMJ8DRNX
MDTF8"5>P`R[@`:F``P+`5X80E_^X"5-P`FHP!617!?6HDH=W"35`*$UP`@A`
M!RB%!2#PE>K'F/`PEAM9EMZX"0D``F]@F1.0!3C0_P;Q")?]9PD8P`68\)>7
MD`0#L``),`!`H`%(<`$G@%Z%<)&T>7_?EW_AMW^4@!8+$!6"T%A!,)R$P)D)
M48L)QXZ&0`0G4!X!4A/\1786:9/9B0BVF40=:'27L`,S<`,<4)X`0`1,D`#)
M0)QKEWNG>0EYT`1'@#%WP`1(@@C8>9_Y.4:XV9&:L`01$`%O$`("\`44TP&H
M@*!E.`D'L`$JNJ(LVJ(L.I3*F7YI>)^$,`4O4`(QH``GL08@`&':60@0\`%O
M@`0C9`+],UM/!GZ<)GZ7,`4$,049D`$@@%4F"HZ3``,BD*5:NJ5<JJ4>("0Q
M^H2S2:."\`(),`$!\`,J</\""]`!RC$("$`%<CJG5E`(.[`&<H<`9W`")%JB
M2<J=2^J=EB``^I`'>U``O3@(Z(D0ZCD(`-`'D!JIDCJID>H!EA&F)$-FFJJI
M@E"A:M@&$H`%<G0#6_`'4O!3@X`#V;"J,,!4A,`#I2H!+2`#+_`$"Q!LFP8Z
MG8:(_IB>E_BHE!JLDFJI?X"IA``&K)JLRIJLG6J?PY@''-`"51`%4D!%:?6C
MA-`#6<`#2E``4C`##.`%+T"?B0:HNLJD$[&HH="H@@"LPBJLQ&JL@X`![UJO
M?="LBQF6).`#>!!/N/`/`>%]A6`&2X``(%`"0%``>4`$06!\?PJ!^YEVH9>@
MB.#_KO8ZK)?*GO1ZL<&*KV-*HQM0`A@@`&8J`</5`HGI@),P`.UR`0P@!9/1
M!%XPC7&FI.<JJ!*AKJ#`KG]@L1S;!_&JL3]+J1X[HV3*!!D@#"]`!#5@`0S`
M`#V%K8.0`F;%``GP)RLP!@P0:;D:.[M*B900`<LZMJRJ!1%6G(7@LQP;M"M)
M"!L[M)%:M'5(IH1P!AU*`H)`!$+P40)+"#^0!%AP`1PC!%6`!'5:8S;KM>AZ
M&7`;J6JILY#`LVI[L6R[H(;PMHTKMXY(M_FHD?J9"36``V3PDL7`!P14"-)4
M"2S0N)#ZN&A+0:Q;N6<X"9@+MYH[@YS;N8Z)@YJ`!A:0_P(G\`$><J,=\`.H
M^[6C2`FKR[JN2[&',+GV*KMS2`FU.[2W&XBYVY@;>':98%]$P`89,`<<,`1`
M,`#662C(VX^3L+R-V[PG6K&QF[%M.Z^L"ZG7>XW9FPEF4P9DV[]S4*X0BPD+
M\+\5D`&QP3$=$`/'N[B"P+YPZ[Y6"K^-*[V,2+WU>Z]_X*FT:3;0:Z_;T;6(
M<`0)8`$XH'JLM\`XV\#U"\$?.0D=_*X4K&;&><'W.S?8F+T<7+\?G+B'T!L\
ML`=Y$`8N&4]2E0CI:Y;KN\)GZ[R&\,+P*K^66PC5^[,U7#@WG+LYS+H[;*Z'
M0"XWT`#=1`1?D`1*99[HR\!_X/_`0\O"BD@)3ARL,2QH,UR_56PY5\RY6=RX
M6QS`E@`&#Z`!@`P"0(`#-Y`!'M"7J:N\2@RYCR"Y\5NL0DO'&>RL6-S$.@S`
M''@)=W`$)-#)9H8'&$`$?7E31YR;BLR\2_R^S_O(\KI;-#S)^9J_]_?&P;K'
MF3Q['H@(:ORS;&R4;LS*D<RZ=7PZLGP)>0RWMLR]GY?+A[#+'-O+<ED)M#RI
M<4QI<RS,L/RQQ6P(QSRTR:R3$2N!NKS(K^NHP#R_KBS)&LR8W?RSW_R8D]`$
M$;``]%S/]GS/]1P!A53*&GK*[9O*$;S*$PS%LXL(4\RQPXP[VUP)[<RQ[\R[
MDV`%.<#_NCEP`(F<Q*C,R([@R`,-R>C\!P=]L0F=/'=,MPU]L0]]A+8XT8U;
MT1<]SAE=SNUZSE'LMJ^\SF%YTAZ,R<I\"!)-T1;-SZ^DNN3,Q&E+TP5]""%M
MKR.=/25-ICI=KRE-A2L-U"_=S$6MRI;<T:T,TC=-R7B\U7K,T^","#_=TD&-
MQLY\L=#<F=*,U--+NU\=R\4<U>\ZU7E8U6A]U8:PUO;:UKYJ"=.,L1Y=T_2K
MSF!MTF*-S&0-SV;-TG#KTD(].GY=KX#-J+\*UQ4LUXA-U[)LU\**UX:HUY&=
MUBF<QED=T(O]L]5<:M><N=ELM`M="*!=RXT-T8]MU9-M"97]_ZZ7O:Z9S=7!
M#-LX_8@RD*BU3:FB'8JD/;22K=:IW<(2#+>M76NO;;NQ/;?;W!M!P``TF]R3
MNMS&&-&0[=RFS<Q]'=UM[,*:+<.5L-3UVM3I,]M5L"9,20@X4`'ZO=\>4+\Y
M4`%=0#!DL-\$7N`J(`*L*P(J``!I0#`34.`07@%34+\B4`$P0#!ID-\13N#]
MW;@B\-]:0#!UL.$%?L'Z+0>L(@==4.`48%UTJP&E>@%MD*UD1@)@<.,XGN,Z
MGN-&T@-7\.-`'N1"'N1%LJEBMN-(CN1&<@9#WN1#W@-&'F8VGN14?N--``9.
MGN4_7N11?N553N5&P@1:GN5,T.5&\O_E8-X$8Y[E4"YF)-"OG.MZES?;=,Y,
M#`"P<U[G>FY'(1`#/[`"![KG@DY$5)`!7Y!W@Y[H$W0'3;`'&'!FG<`$"(`%
M.("W$5`%*O"2&&`"5>"C9O`!(V"\BK$'#]`""3@!*Q"U.E`%(P`$1(`#&V0"
M[9$8!G`!*S`",04$(_``6TD"(<5Y>>`#'Y``HOYI.+`".+`R/H`%?/`Q1)``
M"5"/2?`!`;(8#E"X/B`(G!ZU?V`%ZO(:)H52BKYX#!`#:O!@+Y`"+[`"AG(#
M]+<$6;`&,:`!?BH8)!`%;P`"`V`$%*`!=\H'0-`F)3`&5/`A'6`!.:`8_4Y5
M*<!&/*H&3:#_`O[NW3[@[B4@`2XN&'(G`0Q@`@N@`3&P!E-``K7``VMP!%/1
M`2>P"HFQ!`P``CR@`4>@`A*I`=D^!!U0`H)`559%I>-.$:#"!`W``"9)`@M`
M!U9P`E+0`VHP`E/``SUP`?F#&&8"`4WP`BH@CDP`Z`'``$;?!FU.`3<04XG!
M`SO0`T>_`"=0`T00DV\P!4R`!1+0`%[0`P?``.*.&'AZ!##PH2_`!"K```7@
M!41@!AH@!^#0`U*PM8EQJDU@^'``!5(`!ECP"S'@!8F95WO55S\_$4+9`UA0
M`@,`D4#``3EP`APC`B@`O$&@`3>#&/+\!T-P`RR@!-EN>0^`"@'O_P=_</7G
M*QAS``32H@=3H//F%0(G`&%DT)P,4`(S4`7D:A%&8"2)Q0-D(G\-\"]YD`(B
M``YG@`!!4.QK000RD`=2T`9AH`0<@P`_U0,H^P>>!5I%W/D340`OD`%F<`+Z
M1`-!``@>)W]_'B@#&F95>H2-CH^0D9)'(Q8)!DI&?PT6'Q]_-"=R?PDE!I*H
MJ:A4*0P+"6.$8S$G#G]R)P!1"2$::*K`P',,&4!C"7\$>@T#A"@>(U]144%$
MP=>2(5$>1DJ$$U"$"8.X-'^>V.GJZ^SM[N_P\>LC-R8D=RD2?T8<;B=F?X[%
MJ/(G0!MYJ'K<Z&#FRI\9!`J=,/%B7Q02?_\8F$"8:HN&%ACN(%C3XXH>&&ND
M_)F"0D**/WG:-.`8:404!$W^Q(CQ!P&#(@>)K)&#@,P3`&KNT'P$1(,$-'F`
M<`"8@(>X05RB:'I!8:G7KV##BHW'X,6($0@HG,`1@\>1,1T`?$%CX@:?%!7#
M!E`B8D0%(R%X4!@P(DL;'"'4_.G19LC8/V]NG!T!9,"#$3-^2'A#@<&$)%$H
MF&!0(&P/-6_.DAG-YX4$"!9&M&``1L(8`"^ZB&T0!-H()R`ZF-`@Y"HA#1],
MZ-'TN+GSY]#?I1A`7=\(#3P@_,GR1L/&'DD8I)`A]@+U`3PN$$FA`<F9GAI*
M1/ACY8&UL2O.-RO_DN%&@#]+Q/#1'QA,H8%_>80%1`SG)4##"`Q(8$T$-Z1$
M'R(/C(6`?C(PT5V&A%R`S!\+=*=2="BFJ.**CMQQ18*$Y'&%4H2<@0>*+M+X
MQXLLQN@0(7B<H>,5IZ!H8R,&%`G3C"C*J.,C,O8HY9145FGEE5AFJ>667';I
MY9=@ABGFF&26:>:9:*:IYIILMNGFFW#&*>><=-9IYYUXYJGGGGSVZ>>?@`8J
MZ*"$%FKHH8@FJNBBC#;JZ*.01LKH'HAH<$)Q8`WP'R&:PF,"%HZP\((&EIXH
MZ:FHCE5"#$8<L$(4.RZ1!1!_'$'K'S\TT8,55!!QA0Q9W.=$`1`D>,8/_S#^
M8<%,A%A`@14]$.B$(T1D8003?Q"!@0\^.)1'#5D@$0LA$+RP@@Q4A#``$'<,
MN\<9>5A!A`]+-#&KL4;X\-X?0&2Q1(("^&#$$:D6C*H>5>0$P4M2G'#"`!!D
M\=(?6%"P0`9<4:!&!C$`0<4`&'>U`18"-+*LR2:$H,(?$DS1"!$Q]$=0%6.\
M8,$$>5P01091O-'(""_LVT0"1E#Q0G\C"/!&!S=HL,,`)_PR0@8GK&`O#R?<
M,(0`O63@@<%@0PI'$!QDD(,5&$@F@`=O2,'('R<D,($+3P"A1!$8#)#`&DDT
M`<`,._YP8[/,*ML`&1Q,H8</C>`P!@9/N/#'`/\O"%#!"PM$L8``)ZS1"`H\
M/:)"#$VH8`$-08Q@!')-:#!"`5_L@<&R&80@P!0O()&!%7MX04;8P#,*1@'#
M>5'&"6#\`88%RA$2-SAXE&''>U9`$(<=>M@11R0G$_['"C:P,#B!*J1@APU_
M\(#$+1-90$@+5A$20P>.R"``$'V\\<7I0?@0RBAQ&X$+]*`'.E3!`O\AP1Q>
MT`)"O,!EP8M@H9J@-4*8@0X`.$')]L``'+Q-`W(+1P!F@*T%%$`)*@C`!$00
M"0TDP607N,(-.-`";,GO!A4`@.2.P3X3?($0'_`9(7`P@/L\X00R>,$+$-`"
M_CG@?W!+@`KT$(``5&#_`1:X`+^D\`:"Y$$-+Y2@&`-E`!"4X`)#2,`7=#"`
M#RQ@#%@80A8O0(<0_L$)7@"`%`9``1"L((W-(`(9"$:(*JP!C1X80`U&H(<R
MS&`"C1@#"!;P@3A8@8>X$`(#`+``!C2#$#]X00H(0(`!["`/&GA`$5(P@QH$
MX8FBB.(<'ED$#13!-0N(00@\D($+4"`(Y!FC,/W$A#$0XP1%^$,M;W`"(C2A
M!7K(``@0$(:)28%4*SC#$EYP@PP@X`]S^$#)"-&$%=R@:4:`0`>>\(<'C(A$
M64M!!DR0`#Z`4YR=S$`*UM<((QA3`R&@E=LR(($,="$[`OC`',[QS2202@(]
M;9`!#S0P@"6<804:8$`8A\G1/>$!#"2`T1W.$%)"W*$)\+J#BTS:`Q(,+@\H
M-6D>GG2'ECIDI7_`PX\(<81[,`%>-[K#3!<#!CPD"TA-``.-[@`&)N"!"4X2
6JE*&6M-[U*@)/\(#"7KPI(ZF*A``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>46
<FILENAME>o68633o6856310.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856310.gif
M1TE&.#EA8`(6`>8``/:F*:7$K9RD)*B;9+6\C[*OJM;I$=32SF%8'/;[$KG:
M$I+-V_CX#*[9YI",B,BU;>SU"_O\U.GT^-BM5=?L\WET<"0?&I%X1L3>#_[9
M%^KJZ/ZV'?OG$9K)Q/_)&LSD$.WV$E!+2,K&O]/B4>[S)[O=#;C1)\_1*='E
M*K^[M,;F[>+N$?R?)HW.V721FT0U(.:H0J#3X_#/*_O[]O;U\W^!(-SM#X6H
MLVQE6/?[^\?D#97+T^3O#,WG\Y&ZQOOO#LFP-X[3WO+S[MGJ[5]95J_0TY+'
MU\272;K@Z_+W^\>,+YZ=G#=&4E1I=;C+&IO3W6%[B*G`'^;O\N#>VIG/WI3&
MW8['S$=89IJGDX6=I?;[]>KR[RTR.KC#0N+;&IK&T>K+&+^Z',W=X$-!%/ZA
M'N'Q][[@&9S'W?*@.YO+TO?W]T`[.KZ97[/4$^#>#M_P&.+CX+K"$EQD8?__
M^_O___O[^_O[__O_^?#O[/_[___[^^'R\+W;#Y+-W________"'Y!```````
M+`````!@`A8!``?_@'^"@X2%AH>(B8J+C(V.CY"1DI)^?W65EWZ8FI65@W5_
M?J">EZ&6G*:=FJ:7:J*KG*-_<WYS@IZIH:B3O+V^O\#!PL/$Q<;'R,G*R\S'
M0B+0!WB&L*$'4Y9U=+J@L[9J.;:QM9H:!S."W=JH.<\T<"+=='2BNIR[S?GZ
M^_S]_O\``PH<^$C$&BX6N!`Y4*?;O5LX*M114TA<)3@A1(@;5"M4@1#3NJG)
M5.^/""Y3"G"A2*B4J5L$8\J<2;.FS9LX98JP@".%`PL5\%P3H49#BA0'<OPI
M4*`.#1$IIE!\%I5&`0M+IM&I,S0%G#D'E@B!<P!.@0,T<N`Y"J=."@L'_PXX
M4"-T"M(<?C1`G=)P5LZ_@`,+'DRX\+*W#OY,X5+A*I<U!BU(7O(G!!$-<B1C
MS4%$\Q*$(0X($A)",Y<#5S542"BY`$;):X["76)A#FW/-$I+3J'+L._?P(,+
M'_[OK4*$2ZY6D&MAB@8<7&:$D/,V!1X<D"VD4.U@BH4"NG*O$6K!0>J?!?`0
M"4%;FN6W82W8N5I`",_JZM>HL46\O___``;8GW%$$+&$!NW546`=>="FP70_
MA;#&A#]I0`<-:ASP'3U^Y(9#'3FL48&##JSTAP-K=#:A0O#1YH>#=:3XTXI<
M"-&7@#CFJ.../#:S4P5"X#$''5>)5@$7&@BQ6O]N1%RUA`A+)&>!"$(XT-UW
MF>06PCM<F&>!!C\=H`8.(:`'90$MRG<5''^DZ*0(YM'@5X]TUFGGG7C^@5A'
M?]"&S4YKE%:!'Y8=<%`(C&G`!1>E+0&'!:%IDAND:VAWG@6!E@=H:0ZD^>*7
M?J2H**/E[9?GJ:BFJNI@&IS%WQ]F3:.8E2FH<<=T<\"Q1)RP[LI;'04X.EH(
M..PJFEDT_`1G`33,@:`#\;0J1$JPUJ>G"(KY.L.KJW;K[;?@$C3'N'?LA,,=
M<VP[[@QWS+`MNC-H,0>ZI%5P![KWMOM3N_/>\8>[C?3+;[@$%VSPP<:T6VX%
M(M"A+KGC1HQNQ#,DB\7_NNK>D8*]_$K,;2(1CXOPR"27;#(AZ;K+[LHAM^SR
MO0_/@N^\*KO,B,TGYZSSSJC.VZ^Z[+KL\[TA3\RN-^AZPR[1ZM[<K\@\1RWU
MU%17;?756&>M]=9<=^WUUV"'+?;89)<]'+E$>U.UR$*;3:?04.<4MS(^CPUU
MT1_S/&XE+>-YS]^`KP+WX(07;OCAB">N."**SXWRX,,T#GG@N%#SA[]_;*,V
MUT5[X[C>]JP2.N6DEV[ZZ:BG3OH\K+-.NN>2QR[[[+3W?4CMN+=]>\OY3IQX
MYJT'/X\?>12?QR#'(XWYUDD3';+5(A]O2][^Y4[]+<(/K_KVW'?_-R7>!P[0
M_^>)"(^*[;=P4KP@[FHB?=V<IQO7_%/(234>$>2O__[\]^___P`,H``'2,`"
M&O"`"$R@`A?(P`8Z\($0/&`JGL<Y='7J*&<10M4(T`44F,&#(/P@"$<HPA*B
M@(0G-"$*5ZC"%J;PA2R$H0M'>,(:VO"&.,RA#G?(PQ[N\`TH`*(0@TA$()*`
MB$=\@Q"%2`(2O*&)3W1B$Z=(Q2I:\8I8S*(6M\A%+":@B5\D01B[2,4,D"`#
M,D"C#-;(QC5NX(UO!(`<`0"#*:"#%GSJFK]F4`"B#8QJ!!!`&]J@@$(J8)"(
M3*0B%\G(1CKRD9",9"(-64@^*,"2?,BD)C?)24UBX/^3H`RE#D;Y@5!^X)2H
M3.4'#*!*5++2`+",I2QG*4L;V/*6N,RE+FVY@A78H)>_]&4N?=E+'ACSF,?L
MI3*+"8%F.O.9T'0F`Z9)S6I:\YK8S&8"MIF`;#+@!]_\Y@_&.4X.F-.<&4BG
M.C/@@79Z`([PC.,&YHB&$=R!#K3`Y]?658!WD6]G!1"`&0I9@A)0\J`(3:A"
M%\K0ACJTH9W,9"@G2M&*8J"5&%TE+3?*T8[6$I?+#.D*E"C2DHH4F2!(:4JC
MR5((J/2E,(VI3&=*4Y4F``0WS2E.=\K-GOJ4FPSHYC3)2<YS&G6=[DSJ.^$I
M1S*0`0#GV-OFN+:R/D+L>CG_"R0E+?G0KGKUJV!%*%<)6M"RFA4#)<``'RS*
M5AUDM)47?:M</4I76.Y2ER8]*3+WRE=CMO2O@'WI3[G)TYP:MJ<X':Q/@VI-
MHO[`J.A$JE+?N52FSI$%(Y@!/OWPQ_C-H9_H*\RKIB>(ZXVV(I9`&2ZZP9&_
M$2`*F;QD"08ZT$NB%9.;;(,98CO6@6+@DI94*Q_,8(9/\J$$G41N1)?+W.9R
MDKC$I6AQV?K)45K7NG+-[BE?J<JZTE67;[#!&_*:U[V^%+#H3:\S9>K2E-Z4
M`2YM+P02,-^;OG2:[A6L?1/[7A`PP+_P=2P''LN!=:K3`^Q4Z@8J&T<`/!6J
M>KA<_RV2UC5^8E4P7"D`-M:2`B%XQ2YJ$,$!JO&*E\RA+W6`1AWP&`JEB`)$
MK=5$"@1020RTP02#-($AN5I;0^Y6`2<P@XX/>6/=HD#'8PVN08$K6^<Z^<F;
M#.5:J5M156)7NUANI7<[>M=@DE>OQP0!#\0,`1Z4^<QF-O.9U1M8EP:5L#C]
M+P2@Z-(?\*";\TTL?N?;7OK^E[[]O>D/0.!2$H"@J`,^IX$3K&`&O_&I3L5L
M)>[0D<II+6(%N'!@:+":$/CA*A:``Q%2L(3QE(E#H>#/B45!$3Q6P`%RFD,.
M^I(#.;DB%9QXK2';X(0:U``!-8C"0`EI!D(6LL=1J$$;@O^M@&('6P#0%H`)
MHG#)-OP6N9?<,92W[5PJ>]O*I,QR1KE+[BUSM,M?+JEYQZSF=C=3S6Q&KW_G
MW5-JWI0$`@`V&`[-[YTV<YHWA<`;O/"#>L_[OS]X`P-.X`8OU(`#_RUP.8]Z
M8$:[,YYQA#14;4'IC50X79D6#J<QA8<CH:0GI<9#F?!0HA!L)R(I@D<(*K`&
M!^3`2E.H0%L:(X("B8@(L0F=KJL=!0L`.]A.$$`43#!M:2O`"5&0=K*=8`%H
M,[T&70A!#02P=0MT(0I=4`"U+_ECX'+[[)WT-I7![59QCWN5<'^EN6F)[G2'
M=-V$=G>:GPGO>$=SI6_>)H!!\(;_&KP@WR]PPQM.$`8O+-X+<4`!"%80!R?@
M>PPH\((73N`%`[RAX2!@_`E6`.P3U,#Q80A#$\$@>A(46+*3Q3BDR2!I"7O<
MLR$/#J<1=0"?+R98IG;`9Y:`G9W(H=2=*L]/ID`$'!S@-*'RTA(ZLP3+".$>
M`=VM)9WP`AQ`NPL(",$8+B"`,8P!`5PW_];74'3SCZ$+8Q"`UB_P:POX.M@(
M@*W9T<Y_3JJ=NFSG=AA%;G$W=W1W5W9W=RC%;N_6@&O6=W[W3/,&`8$W>3N%
M`F-0`RMP`@+P`;^&``@P`N<'@@8`@AE8`Q8`!#60@?2'`C4P`&%P?F-P`D:7
M;R@`@B`X_P(FB`!>\'JPUTX8EW$.MG&V]Q+QPT>:!AA*`G0%4',HP07`IW(5
ML!HX@`/:\1U"$!&T00,:PGP,<QIM(B5T@"(L!Q+W\%K*]722<7X78`$7@`#Q
MAP,7P`7E!X)=5W309@$#0(='AWY>)P"']P(F,%"95%;]UW__QU8!*(!:%G<%
M:("Q5'<)6$P+F'<.N'<1^%>$]E_\95,0<`+Q]P:$AP(6$`:@R`95%P868`#V
MYVM1@'DK>`(MB`!O>`%N8(L9"`0O``06<`(TV`4OH`2Z>`*+9G$7%T^S5WL=
M9X1;@VE)^!>[YP`AP!Y/&(5E4@&A<0!1H1UX(`<5\!;DP7PXL/\3!R`$-7<5
MR;(&8$($>(!]`I5MW"=M9B``1G=T+X""7(<#ZL<%75!U_1@%AZ=U%>"'76`"
M+P""^W>("IF(%K6(C.A*CBAWD!B)"#B)E!AF#/B`EYB)?P=XB_5?&%@#;]!K
M-!@'9D"+I1@'JTA_:X``0`"+-6``OJ:#`Q!_(&`";Q!_8?`"1><&I`B(J?<"
M$[!HL1>$0_A4!\!QE>8U%B9R.+`00+$$+_![*5<F.X$H%>`='1815Y$AS2$'
M.+`8F2)\%C"&XR&-[9AK49"&`%D#S59TV'%^+]`9OS8&XH>"5&>77E=U1Q=_
M]F<""%!U3,95"LE_#%EEJ71E#PF1!#C_D12Y2Q9YD<8D9I:HD7S'D=`T;_PE
M5-M$`JJ(`P=)`N=GA2/@=2I)BC@`A_UX!*E9>`?IAH9GA1@`AX!X`BV)`"]P
M`KLXC,4X68ZV`<DX`I.VE!_W6<^8$UQ!)1IF%!ZF`7:18DD1%@>B!EZ1`R)F
M%FK@87@@8AFR!$?A'`60`W8AGD1Q#S.F?0.E=,0E=JZ8;-`6!<D6;%&G`%P7
M;&T@;4H'GR8`;<LV!M:&6Y54F&=WF!3ED(O9F!KEF`8@B9.(=^YFF9B9F?#E
M7XB57R00!S70>"N``M`6!R`0!F[@!@+PH="&`90'>?OV!AWJ!380!DK@H1A@
MB@+``6"P=9P7_P9@X`4XZH/I5)08=Y1$N(R6EC5->3;<0D&E-2>JA@L?<S>J
M!C(SI@`&M63[=VR6M&3%=E"#6$C&)J7&IEOEYY:\):"(2*`5I0.B=%W7-5<*
MZET,FH!]=4P1FHF;6:'VE6>#ME.;:5.%M9D3F@!Y"DZ(!EG%:(S'"$=SY&"B
MX6*9,PKA\SWAXHQ:4P!CMU5D&E$F`'4F<*F%::9IJJ:@NJ9O56YMNE%=YF5P
MBDQSFHGPU:J*]:JP&JO;9$W=U$V.16"196"QQV```)P.]E0CH`?Z]`=Y@"Z/
M"JG@4J18,V-4&J"76J7-EI"<.J">.E&@RHBEZJ:GBE<FY:!H]JVJ*O^!,R5O
M[B5XAR6KZ#I8`-=81`59/'I@"L94P.E43G4.^C0]RT,-XF,RDIHUE"I6TZI)
MT2JM`;MMU8H!:(JPU[J8$?F("KJMW-J@<;I7JRJ!]F58/%6GZ8JNV#1QA*JK
M\6J43@4`(R!K\X`.M0`WHX,/AW"L#]$?RGHUS'I0!1M;PE6SAEFMH:J8#+M=
M#NN8$#M,D8E,(56Q':E?&YNTBG5-@_JQ('NHB-I49'`..;`56H`YG_,0+]NR
M+GL^Q-&O6/.O-(NS9%NFGAIN:MJS6B:1<Q>TJ&IW$SNQ1OMO%$B!*D5-`&9O
M!A=XKZJWZMJQ'DN4OFF4B0H#F>4O=W"UMK#_#1S""=DS#XG0M9SP3Z(%<L=Y
M,C-KJ9PZMF7+;6;*LVWG=MEJJB"U3+>4JG'K5W,+3:U:MP%VJ[`;N[([N^UZ
M3JXW11PP15Y``KN;1FWTN\"[1C"P`<,+`\8+`Q-P`'NP!U*P!7NP!4D@`=*;
M!-2;!&H`#CF0O=JKO8\+/.;#/1%CI,8YJ96J;9MKOLK5N4Y&H*$[5S_+99"Y
M3$JD1'*K7O=UMP='4TH+J][$M+=*J._:H[[YF[V:J',$`W1TO!.PP`S\``[\
MP`],`!(\P000`"E@P0'@`QGL`S[P!1WPP6FP`Q\LPAWP!$]0!#%0!`W0`$@@
M!BJ@`CW0`T,PPS.\_[S+6P;2.[W56[W;V\/9T!!`[*B`@Z2_$;-6D[GF&[`$
MJ[[-]7^B.H#O>VZG6UZIRY$J18':=*[[&ZO]2TT"!L"]:8Q!&$^_2GLL@`8`
M@`9J?+S(V\`0_``$`,<4+,$!0,<!<,=X?,<?O,<=8`4[L`-?L`,M<,(KS,)(
M@`0O#,,Q3`$U7`:.[,@YS,,]/,FS%L1!O+*:X#R7:Q-@"SLLALFHP#<ORSUS
MH@J=,`NHDZ22&\J`DPCG24D%I4G*%<N%&%O`A5SI.Z;8EFT"NV/[E[Z#:<N\
MO,M,)J78]F06]<2C2JJD&[_+)+>JZW>$ME[M=5_5!%387*Y*>\VU*E1#]?^_
M8"RX/BJO<V3&+"!'",S&#+S`#S`!$!S'<SS!>9S'?,S'?WS/"T`%3Q`#A7S(
MB/S",=P#%##0%/#(.*S#.TS)/=R]W9L^?+/),1&S'L/*E`/*I/PZWN/0C;O*
MHG,(48I09950PFQV"C566V5(S9ID(UU))WU<259()M"L2^Q)B/D!;1=NJ<1*
M&I6@4CS%W=I7<UI3%_MG/K6GVKRQM`I47@S.3EMQA@J$O^FK`,`"5'W`"=S&
M[IS5[PS'<AS/%4S/`5#/'7#/1K``^1P#_+S"_IS(`4W0!?W(.2P!.YP$E/RX
M=OV]YP/1XC(NN?<XG]S*>U,Z%OTZO3'8I^,771O_8RQ;"$.G`#&-TLWZV-D&
MRR8-RP>%RU*:V9I=S)/-RP1%4)NDI3(]TU-6H*=TT^W;L+#$T[,DM#_-5T$-
M4Q>K4_H+9UO<S7S+6.)45+BJ:`'\U/#D:$/H8%6=QFMLO.O<SF\,SUX]S_0L
MUF1MUE2`UOU\R&R]R`1MT'$]UW5]U]Z]T0]M&$:L-H>="9B<.=M##Z%CWJJS
M$:L,RHE`J;O<K%.Z9"4@V8:$WZ,-R_N-TI\-TI9]V99-WZ3=D*=]VFZETQ')
MMLW,2U0,VWX'7^*Z`F.V4MZ\7S%UX7'6S>G*7^M:3;#KK@7&HP@&W(Y&!O.4
MJ",[U<>-W,GMSA'LP%[]_]5@#=U_7-9GG=:&_,^*+-#9#=>1G-"3_-W>_3V4
MBQ.=/"]R40!^H`8%X`!PL`M-WBFN<`]/H09F,06J(Q=6XBA.G@+J;<JX!@MP
M8B4.(!I^H-X90@/C8`\KJP9+H.5C+@@4-@B!5%"&5)\"X`2UU08E<&,^)G:"
M)$@!'G5^WM\&-5!X/MH%A=\"WFQ8RJ5#UFTUC=J-6("L_5$^K6Y`;<6$!@)>
MP'5AL`+W9:?<1.IX&V=^"^H)`**))5/>S*Z\[:X9\-L#/,8`H`0UH`2\_F`'
MS,9`X,9;W=PT/L]B/=8W+MW4K=;6#=#8/=#:'>22O-!$;M=&KM<#(=%_@`60
M`O\'CS(E1:$!%.$'.P%]?R`$1;$34V`07D$#$R$$LC8-Z*X!+D8;TZ@0.0=K
M:5$'0E('&O`5=2`$-*`!@I`#G3:-(D`#UY>=AA(/_@X'UZL!=0`'_3XMTZ`!
M1!`/8R'Q`2\$_U[G2[&62V8"YH>;",!T4>`$^YE_TZ;R^=8&AS=M2R=D42>(
MM*6I"O!U3N#8\$E(TZ9C**]C4.<$-_;SF<IT1J_R,P]L.M8&35SI".ZS"Y[I
MK5VZKTVQ$<YW)X"#AT<"!L!YD\>[NROV3?0"EN<%1)124>1XGHD`*W`!JK=Y
MHKBA:&]HV13BM*ZK`MQH&*<$+_#W!\D","",,(`&$W#_!`L<[`_,!A!<`%P]
MP5A`P75L[&%=S]&=X]7-XVW]XY`L[=3;W=6>/4;N&TEN&P>1`B>A'2FP'@Z@
M`7.`C9OA!U-8A4"1`EQ`)CI7`!(A`CKG`!6``VW1)\U!!^TA?$].G15``]/7
M)$HRA;=&<TF"!TX>%"/R$^PX?2&0'J]6(-=`)AFO)-*`C:,VAK_O<N@P"%&:
MZ`:)`_=9=?J(?H&Y=><';0A@!E57EU@'@B$@B(X-"#5C"`)1"(-1-8>%AS51
M`HV&B(H(E8208XX(@C@"%@A19@I\I*6F&*BIJ!^L.JVNK+$&K+,&M;:XN#:[
MNRN^O\`\PL/"$,;'R,G'#,<@_YY>)#4")Y8GD)4G7972%C5=-=(U*"?BE$`(
M%F&.U)O6E"<@#/+S\C_V]AP_'/O\&1P9``-F\$"P(,$-"!,B5/+BPH0+%M`<
M0G#D`H(71"X.&!`"P9H+#QZP"?%@`(X!1(B\J$`@0,N6`6+&[$"S9H<=.(TL
M6$`E1HP&0)$(54&TAU$*2"F465I&@E,)2:)&S4&U:@XZ6+-JW<H5JY^O7__,
M^4.VK-FS:-.J7<NVK=@Y,PJ,+3MGSI(0:Y;<M;"$BP,':U+@X8N#2(X_:_PN
ML9!"A`4B!2P4`*PFQ9HI(2PX$.*GSF('=T-,(5)!!)<I%8@<X%O!PI0U>7-\
M;9TR!/^>U:T/I.#K^*^%`VM"%.!2P0&7%*2G6!!1@<L2'%QH0%^24HC9%`(4
ME%"`H4VF-E'&X+`PH)*`-5%P4*IAH0T7`8,&='L!_X4)!88X;B)/A!,.'!X-
M\((@(5A4PPL<8<*>(AFM(2!$G5AP'@(FB&+*A7RHHDHLL.C@2BT?@&A+B+F4
M:``OO0"C(C'$*.-B,LQ```((!]JP`@A>*$(-#A>,T05]@AQ1@Q,61/%`-R=8
M<$(8",CW30U*</'&&)#4`,08%]2P1ACTQ3-/`O/<(R8_9/HCD`<`&530!AXH
MM`$`:+S0T0L(2'3!"P!^9(%%"#BP)PXOA,2&!5@(Z&<%@&+_\9),,G40@$TT
MX;2#3CSY!%0#0B%!E`I&]9"44DP]!95425A555>HH@I66'.YY>JKL+95UQQR
MF74'K2$@6L%BK>'Q1QUU[%9`<P>HL88#?ZPV!7`BU.$<8']8=@!I=/SJQV)<
MK&%!!1J0)D1>@2U&1&:6+4'6;,XM48"O?CI`@[*+A4"$9"$LD0-IV%9PP&"6
M.9"'<M/B,(<#MIE50!0**&!&&VW@J8`G\XY!)WR&O,#%?@H,R,4+$E?R,!?W
MF7`(G>&]`.08GZ`C,3@HAP#)"Q)6TD61E:`\1B82FB!A"#4P7`*&IVBX2BNO
MQ"(++222:.*)**JX(HO%O"CU#R`8__.&`"_X$H<V%UR-`(`D4,DEQTG&<:47
M)[QPPI6"D$`""ES^0.488:!0@WHU?+#)#PSP34_?8^I#YC__")2FF@>YN1"=
M=[X0)\R5X'#$"VQ4PD:@\H4DWT9K5/""HIH1`!.C,T%Z4TX[]?134$,5=512
M3#7U%*FEFGI5JKAGM:H?8L7J^^^QUA57JV+=<==B:^!V&AX.'""'!5QPH1EB
M2\SAV!0BK"'"''P!EL,2R9,VJUVNT0#8M!5H40%L-$0F@@A+P)$77>M/`0<<
M>."1F6U3<`$_%P4XP!(.4*\[D"8%#BA`"$*PFA3D2@B[@8,<*C"P@I4%.Z(0
MA1-NUB,J=?]#/5@31$9P9H(!#<)`>Y*8"<"SIS5L`DN?P!(1!M&037QM/((X
M$"6B8`%M?`U+A)"0`F(VAON8`6BE$-K0/M"A#QWM%DI;&M-XX;1@0(T'4GL1
MWX[!`R[50$`L&T`FLA0V<%S@3I[PQAA.@((]700(Y-F$)])V#3#>;06;((&7
M_B:F>PQN'X8;R.$0UR8WQ4D):+@31.X$(`0PA`T`@I#)0G*D_[S`3_]9@Z)<
M0KJ9/,HFDJ*4ZBZ5J4UUZE.Q$Q7M;'>[W.%N=V`!GBQGB999U:HL=[B#`AVX
M!C@`$`<+)$*_#G``8,XA+W>`@P5PX$`1W&$-!8C,N$2#`PK.X5;_PX$#K9)7
MS1FDP"]U@,,"Y25.<Y6E-<$Y%F!,$\#@8"8XHA'.'/`EI\Z]1@0%2"<.:%"!
M"AB/"!HP6"@2IH`VK"<*)MAA(@2@"'`DPJ"/V$9"-]&S-HB,HHG(1"+,LU%'
M7,,1.Y1&0A]1B(8F(A0>=<1VD$@*)6*`0T4S6HB0-B(I3C%%55S!%;&8167T
M+48\>`.3-O$&N[7C$2000!C(00@W@,,:!DBJ'(U:`R]@H`9Q$(`3F"J.,`C`
M&6%@0`+`Q,?`_=%,@21D(14'`P2P``9*J%,ESJB$"\#@`A4YHYP0P`9*7B`$
M//+3N!RPJ$Z:+E*HJ]3J,-4Z3KT.*:F<_QVI6.G*W,$R++3,K"R%=TNRW&$&
M<$B!!AHCA`)H``Y+<,`4-%``;=;A``4(UA3@DH(4A%8#M)I"^QP@`L&(X`"W
MNN84"J"%9+;VMW.`(!SJD"S0P"$'!9@"76`;S27T5@1_>)\:\$D#U#H`#C1(
MP6S?AP<$QB^\&@@6:/"@A@.(8`:ZF<%U!&`AA9G@OFTHZ,(*JH`*W7=A%NUO
M&\Q@A@H-V*(,4YA%"SS@_R[LOOV%\(,9YM^$'3B_"&YP@07\WY6RU*4P9:(3
M:9HTF]H"13;*J4ZOV%,7,6!&,KH1"58P8Q#HL<8STB,(.&!C&^MX1C3N,0@2
MH&,2\.#'0YY1U?_<-E:RTJ./^#AKX=(T2,0I[DT`R'*6T<!E+L/@RQ,(\U_[
M2DE*BDY`BA)=84GG*$B%,G668IVF7.<IV(5*LE*A;&53=5G>:?;/P:M+9]]R
MS3M\90Z\`Q9:F/NKM]PJEW#Y@Y_K,*O.S$!X<+DF7#Y;EUS>H0Y?`;4?$,UH
MNMQ*OF#)`;!6W1E2,YH&<]#"#$Y]J[*`I5IBF76MRW*PA/&A!-LAL,(2EL'M
M*%C8HL@O03%,;%$0U-G#)K:R][N=`3L[O]!6]K,53-!H:X>E&5)BB#TDTYG.
MM*921+&*5PRU%KM(R56K&@02$&]CP#@!\QXRO>D]([+JV]\O'O*\FTS_[X'#
M>-Y_JX=9!X=6PZGURE@&P`;(P`(`L(`%:-@RF&$0YB.$9`)E?@`!2C(`-:^9
M46UV<V)'*6=3/A942U'E9&VW9SY?%M`X=Q5GB3<^NHQ:#6!A+J+#0FE/;[K6
MG3F7TCNMZ5G-NM";EK0?9./G6D9=U;%D+N\P>YA1/[KI0P>UU`_=Z3O,=Q1M
M^'7"2@#M95MXOVW7KW8LW&T"`]O9HKB[=K!-=VW7O=MN'S"QMPUN$!--Q.8^
M=XE-K&X5[]3=RH"WO!$.)GR/5:S,N+R^F?$W@HOU\E^2AY/[/62%APG*@BM3
M6@="2,5)G`P`@'W%+]YE-'P9S&$.<\A#8G*3_W/2L*9[LV))V=A3VCGF>)X*
MS6O>E3[G_/EKL27QSM+GZK/%^KYSOEJJC_VT=!\MO?:UL8&]=O(#?NUS-__Y
MUW_^\1/4V.]_/_S+K_ZY`[[PXCX\N64ZBW/?8FF-EU/#`'GN5C6BQV]-)E;Z
M]F\)2'`.^(`0"(%/=GI^%&7],&54]G!LHA!91@84QP(?""===GL<EWL@!W)F
M)G*]-SILEG(U(7PLQUASYEAU!EEWYA2KM'S,MQ7:!WT^2!=P,6C4QWVP='T]
M""M'.(1$N#MK\7UGT6M\,`KR)WX_<W_`!FQ1Z'[&9@I5&(6D0%!?R%+VIW:C
M@$3I9W]E^&'YQT1%T_]_BH=N-A6`532`6,13!.A3!BAY2M9D>DAP_1:!@.AY
M3L9'@`-E#!=(`:$F;+)6K@>"%$=Q(FA[N)=[#X""939R*_A[+:ARDP)GBU5*
M=(9*-S@J>::#.Z@[-_>#JBA]3;B$JV*$J1@K26@6KLB$VS>+%R0`*\5^:<A^
M7GA^4?AMOT9^60A_P<B+97A_I<!^V^%^^"<TXP8+1M-_4!2'3>-X46.'=Y@,
M^&9O?<B`#OAY>WB`@?B`"8=Y%(@/%D@XB*A6C)@0$I=E%0=[6N9EDZA[EFAF
M*R@ZFM@HGP1**Q=G,NAR-0ASLH.#,V<JI\B#L:B*T+=SK5B+5>=]N-@6%3G_
M=A(9D46H%@<S?[[F:^"VC+\HA:;P?L$XC*2`A2'Y:R80AK\&-/$W?\^H(=&8
M>"+R?^EVC0)(AQ"@C>[F-\WPA^9(5I=7>9_G>4=9CNA(B&%2B&.B>@['>HJ8
M.!N0<1&G97`"`"1X>R:8C[RWCVK6C_[(B:(DD*!(@Z*(?`A9B@JYD*BXD9JU
M=5N'D3?G9[5H%JSHD'H)/$Y(2]B1C%OH85+H81="DB*9DKWHA2NYF(SY,TGD
M4AX2F8A7;K1@8B6"8CJY4SX9E#(R><;`#/%0>6,5FJ-9CH`(CJ*)E$N)>F>%
MB%*IB*[G@;&W97#"E5U9B2$'EBR(<BKW!9.R`PN`_Q/!N1/$69S&V0=]X(G$
M-X/&9X-J28K*UY9N20<7^3NAQFA^0)W.-VKGLH1X&833MY?B:9'5Z3O8X9C(
MB'[=1GXM"8Q9F)B,&9_R&6YK2&[[1YF6>6*-1T56M)GO5F^=Z8V=R8!?4I0/
MB)JF:8X)9XB'&)56]HYO`GL>>'$5EW$D>)NYJ8*^UTFE`Y#`>9S(&:(B.J(C
MJIPM%XK'=Y#063O2Z9;EB81V21;:N9URZ9U`2"OA.9XZBA9].4L=687M!W_C
MYY''"(:_N(R..9]*JH;UZ0KW^43Y>5,IPI^_P)/^Z8T&R``D$*!ZN$<)QV]]
MF*#P%HX+VD<-FE:MYR:Q-_]Q'TA[]GB/NX>)O<>AC_*/+W@3QKD`)+JG>VJB
M`XFBSJFB.=BB"_FBK](9UVEK?:8&5'>70#@\.QJIM]B0F76>4MA^ZU=_5SA_
M@HFD2_JI0.-2+U4TY.:&;VB9F.D+5.H+/-E32@8!5!.@`ZIDYR@/2?9O".J`
MM[J'JOED9MJ::&IEL3FA%U>;%TJ)<:JA&\IF=MH!7^";><JGTAJB?GJ6S6F0
M,L>65C&=7D&ILP06_$0$_U$`W1E+UY("6J>H7[$O53<KA":$DNH[/1=<A!9<
MF38^E6:+?N:N^#H6_3H7Q`.%P8AMT)9WZ;FIZZF8H+JP&"*J'.*DTCB-462-
MU[C_JNQF#%>*##W6D_)FJZ*'<`GG);JJE'PHE+V:CNN(@6?RF@?QCAT8>VV:
M95N)H2FXCW3:K,_ZK-$ZK=):K<7W<I&UEM&YK=QJJ*XRET0@`J>U!AJ0/QJ0
M`QJ@`6I0!U/@*]TE!,PE!'`@!&I0`2F07%OK:4\'J?$*/)<&=IC6:6?[6:<&
M=65!!T"W=9<VMIAFK[%FMY=V=K]H`@+0MPN3;&W';`L3!7Z77_>1=DFJL`R[
MI`Y+JK!@JCA)L?QIL2W2DU)C8VZ@5`:P`OR&<+,*;S1F;YE7FOEV(V_@!D*I
M@'_X`V1:5D\)E<$*FVKJ@3$+`Q5Q!$IP!":(F_JHK/RX_YMU:A,Y^P4[R[-]
M.GPGBI8IFJU#>RI%ZZVRA+3%\BW%%`*U):X5P#SB11HX(`*8D1KYI!K5I!JP
M-C[P6K9N41?MHTUE9SW;H[:>!@<%(`1P@0?K(FG)(@*J]G1,5Q=:8%K\.VNA
M]5[$0P!14(46I3(#LD)X9T3$MD(*0`@0)G@FL%5Y]Y)IN+A*VKB(]Z0T%:6I
MN@*4FXU9!`)A8`$2,P8H,*!N`*8]Z38\X`4(X`6F"Z8PIF0($`9`4`.H^X<\
M,*;D.(@HFWJ`I+)59A"N-YMMZF7H`#,6P`:Z%Z>9R(]B603_N`/.2KP@:KPD
MZK/,";2C.*A$.YU&ZQ9S"5B(XO\`&L!`^G,`=9!`.#`9T>4`_50`:E``*5`:
M(J`:OS5K9TNVZ`LK=:$<!4`#0B`$>%!<_S$#0@!K>*`!-`!?:X`'MP(PD#P'
MJ8&U44L#GS4#30M:QT$#>#`#I)P"<J(9\L5K!UP"`Q8>%]`%#*4-@_`-C>!#
MF2`R&U4)CS`(8Q`%7MB%&LRXAM?!C_N&$PN`^XE3K#J`EOLB!J`(;T`.L+P-
M(P`.E?`&?++#>\)05E(#224`1I7#*+S#7K,)=M-0>J2@KNM'9^IP:3J[Q'IQ
M;14"?;4G%H$@Y8$#:X`#XD$`\@)8,($##A``1(`%%7`%3,`$!>"AQ<O%(NK%
M!)F6@IK_D&/LHM#+E_@K3`>@6]V2/R%@'9-1`<-230)-!%.@!C30M2+`//\!
M7/AZOH&\%K>B3'C<3T2P!#0@KJB1`M5;`<M"!*-\!\I1`;G2M3@`08.E`4)`
M,)#A2RE@T+A%*Q4`!ZGA*ZK<;2*#PH2P#?L11MUP(`+P'H<`$2+$'O2U=HH;
MS/')P?89L5"*JLF<8E5*PE*#`IL``BO@!@8P(#W2!8-P(#H##MY@`>=`)?!A
M5%@#"2$$"2.0"9X`!`-R(%&5E$*L<*\+2.W(LFWBLDK<IF]U$1E!'I:$`*WA
M)X!E`03P&..A*/E4`5A@`5FP!DS@)RY0$U8@*0WMT,@)T8"*_ZW)QZ(57:@7
M+:^<-@.J(5]SH`$X@`<T<!DS4!IQ[``I8`?XY+7GJL<I$%X5\`?V"L@Q_2HT
MO1BI]1O`U#EX0-3?Q%L6H`'9J1QQG!>(,M3#(=V2D1H'0!Q\(75U8#[YO2H%
MD!VCL!T",,TOL`8UL$*>$`5^#=;A40-B32%80B4S`^#=IM8;/,QMG7@?#-<5
MJ\SLQE,9:P!$A0)=,#-L1`A4$@=J<R!(8@$C0%2'?3<(T#4H8`!4<B4_<@(K
M("$OT`60[04#=[*6S<[MG(COS(&TZZ9H`"@6P1\F4R`6\``%XB>1X0!8<"P$
M@`6Y$AEWX;5,T`20HK-;K-N[C;Q_JO^\@<J\P.V\9#S<@087SSU;EZ8!V3L'
M#B2NYQU`I!$"W@M8)KU.^RQ,W'VV./K=L%('&B`9?4$#`#,ODI%=A:$9CL'>
M?J`<S:(K<<P%Z94:1$T'-'!:TL,%!R!IP-(^@(4'JY(""$-0)I`))C$(*+X@
M@B`?ZD$?,7/@)K0?`N!WB6OAB\G6$%MND2NY4^KAS)RQ$'`U%B`D+Q`'W8`U
MD#T-+Q`&8S``/9(D1[`)*P!'E:,>"*`-<3`(YY`V5M)#Z<`E7I":H+?.*>N:
MFDV5\*C$%%IQ;84`$S`HBK1`$$$`6.(GJ4T:A$(`"A0"?A+;LVT!4&#;.R#F
MQ4GF#VWFU@K_QL\IQFQNT7!)2YIV*QI`RIU&R6,!!U-P:<ST!T)0M<R%![KU
M!VIPTBB/6X0.GH9^J(E>`.##Z/X#'2FA`<3Q&O2-ZI7.&#E038@2&=*5$NN3
M+`.T3'X1%G\!75P`!ZE^UOJ%":`@RP<.'QK%,9D0P8EPX-X@`"DA(<)VA;XN
MG\`^F6YXDXP7UT]#URZR`CDR"&%``DR2"=$0!^20N8,@`#G2MP(05-L@`'B4
M"3P`">H@5(OP!C6``6!0`S>BSKYZV9C=CD<.CTE>K`!P1A/05MG...7Q`!>P
M$0CPVGC!$BT!&%<@!UK.!%S0!#BKQ0WO\&4>@Q%?D$&[HGK6YA>/__'CPVFS
M\FAL*P(X,`5BUV@J3Q>X!G7FFZ,Q7TN^I"YK8//"CP//#QOS0M\!]0?*L09$
M(.H.L-QXT?T\S05X,?R!<3Z2UA?=[R[^O>I?6&`KQ#`6=1\15F!4@E\AHV`B
MPS$O``A1"FT*A0I\B(F*BXR-CH\8D9*2'Y4Z.A^7E94&G!\&H*&BH3:EIBLK
MIZBH/*T0$#ROLK,0(&\DMRL\N20@OB`D/"3#;\`@'"0,("N]/,##$+W0P[V_
MR\H)V=H,W-T,/^#A'./C&1P9Z.D>&1[M[AL>&_+R``!D]F0L^@`P_?T31R8\
M$/B@(($'!!):<)"00`"'`1X&8%(AHH\.&/]W[/BR8X''CWU"BAQ)DJ1'*C%B
M-%B)I*6*ESUB4IA)H8S-,A)R2DC"DV>.GT!ST!E*M*C1HT/]*%VJ](_3IU"C
M2HTZYT[5.5>Q:ITS8\8=(1J<SEE*QT\=IW[^C!4[8^N,`G.FRIU+MZY=J7Z$
M%)@RI4`=&@7PI!`QIX"(`PX*I#@`Q^\?/W@4)\YQ($6.*0X<I*!1)X6#)5,`
MP]&PURG@SWB8^DDAH!`?0[!AFX'=1H"@0F9*%-+=)HJ`&JT5S-9]Z)'QX\@1
M35J^29.F3YN@CYH.RI0J5:M:N8)%:Y8O[\Y^U;)&'@0#"`F\I>>6`$1[]^WC
M:TOO:WXV;]W"B2/_5RZ=?W;N!#C/@/CDLX\__DR@X$`%-6C0!0TE)%%$`62!
M!8489:311R"5Y&%))Z6T4@,M(?&2"C'U0%---^FT4T])!`444C32J-I2=^5H
MUU56U:%4'6/YD8-:?_AHUF-_6-665G#IZ.23.MXHY9145FFEE:R9\1H?Q,4&
M6Y>$$%?"F%TJ8((9LQE"7')LMIG(<I,TA\EST75"'776E8(*=JQL%TMWLGP7
MZ'C*%,H`??7==Y\W/Z1GWZ.0/HH?-_J!P]\Y_ZD3X#L#;E#//0;J@X8_H\*@
MX*D.(A1AA!2V&E&&&>[004<<+O#AK2*%J!)++L$D$TTWX:03C#'**%2-_\@2
M-264S(JUU5--(7F`&D@*>995=UC%59/-=MOME>"&*^Z4!=SVFI>PO4;FN8GL
MUJ5N8WZIFYOT(@<G)9;,B8ET_-XI2IXV[*GG*KIH]\J?@`Y:B\*0LK?>H9%&
M+/%\DWY3Z:7]9;HIIYT6J`\+`(Q:JJFG+ICJJA)"U&H'`<`ZZX:UXHJKKB.6
M>&***P;K(K'&'ILLLLMZZV2VV<[@HU-G/49#"%,\5993767+9%Q"5QWEN%AG
M766Y7Z*KII<F'&*FUV7N5N_9CMP;B9R9[!N==/Z2DJ?``1-L,'<)+_R*>..5
M5Q\V\\$7G^`33UQQI3]<FBDZZVP,3\?VX/,Q"_]HC$PRJB>C+*&KK\*J$<P<
MRGPKS;R:Z*N*P+8X+(P]_YQLT%;;-<4!<V@@@NT%.`!''9@ML<84>CD@0AV5
M.7#'DMM2'?OR<FGM_/-*L39ONHV4L&6[7/(1=O8*B/EU]VB'KXC:&.BK+W2>
MV!EW=7.G,G"?KMR=,`AY^QTQQ-T4;M^A$%,\*>(86QSC-A:/3GF*#`C\6,A@
M,+*2$21SJWJ(RC#DLI?5RE:B\Q#I2-0K%/UJ)CI;74]:Y[H:P8YY<O',#$10
M`3AP80D%P`$<B%"`)5@`,PXXP!I$X(`UI$`+6RF,\E!(Q"(:L5QE`]^Y7-,N
MUXSI.$K<4O?B13WQ)6?_3,NY1/G<]K;I;`)/`'M?P;33BNS$+V\)JUC_%N6H
M;3A,?VIT&*,`R!\!$K"`!@05`!18N<HA"',G4U5#.$=!E\F*5A?$8`9#LD&;
MG2YGJLL)SXQ50A-*R8A3R=T=6'@`'&@`#B%(007J((00B(`(2UA"!3*S!&UI
MY2U#Q*0L9\DLZ2'B2U"D5W&*0Z9>KLF*Q\&B)"Y!3"[6R5_M(YC=Y(=&")QG
M;X7RV]_R=[^*K>=A_Z,CQA0G0`#=$8\=\]0&8,`/?B#H'PY,E2`CR#E#SDI#
MGP/=!1>9JP6@9%<<-)T'40?"2+YHA)2L)%)..,O<K1`'4ZB`$$!9@`KX00T[
M_Z1A"A;SF:Q,C988S6B.N"9%0[")B5!D8IFH&!M@.D*8D=B7,;M(G3>X]*5O
M4.9+PR/-FNKOIHN*XQP1E[@Z=M.;FWJ<`><!`$]]:G(?Z^,?+V<R!QU$<Q-L
M6<LP\H4J&.&J5<AJ%3Z"R$3&C)Y]:&0'<98ZF^R,=0$5J%$(*LM.LK`""5TH
MT^20@@+<\#.=]`Q<JK(D6&KTKX"-"M=<XR7C6,]-(O5:<6ZY6),B`J4K?1LG
MD/D&,8Z1C/6K!3>L@=/"Z?1PE@H@IO[3N&^^`YSAK,<>)U>//EJ.J0]LT%-1
M-J%"?DZKN*U"6!?0@H^T8+=>!>MN[UFSL7Z01685H?]/TJI695TRHS-P0`4*
M$)@"J`$/2Z@#"S.#!\Q48`DT.`SR+AK8P&)%+5BQ"GJ)))7S/HDU'NT2NTX*
M4D>(#7M)%,Y]K==8Q_)A$I%%WV3!*$8R8K:9KU#&>+)!N(=U%IO8I-3%MIDQ
MTK(#J`)";:?(<$"/*3!D?CQG.M4Y6U9-T)`[,`)N@=N"%GNDQ;WUJB(7*59]
MDK6?R94D6F74W+4^%[HS0,N-U$"'QYB%6M%Z"E;\6MZ_IK<MZJW*\8(,%:YX
MY0Y0@F^[VI`F+FLI$65"DP(PD#8SM(&Q6FH#(7*S&T)TCXG]!68),&"&84JV
M7P0N,&9C@;#NU(=^?6OP-N#_T[\UV@<]BW+F#W:Z']&.UHX8;@<\XJ%A<6[@
M'O7X&*9!C`9S)FC$)&:GJSPGXU('%ZPUOMEQ0ZAC@/*XQ\Z]D4:UE2VF!,E*
M5<8*MYJ<T:Q(S2M9:8N271E+NPSV7"8(FY;ZVR4,.,$$A`BF$\P4-D.HN1#7
M/D0D;NE?Y=#9SI+MQ">F8P,#6$>9!NXS&E'A4IK>SSZ"AO<O$H`>_/"TT176
MV(5-.U1Z&%6UH3)0B/]8,@8%4M0K@Y45NNK;&'-(GO-$M3U%5#I5\Q.YPFKU
M<E\-Z[+\F)9QN0JNTR+D7#.9U]#EBK:$`&6O"-M95\ER:[9DAM\`)VQGYK9K
M3.`;_R=\V;X8$(!M!,`'0OC&-R:P3;)S(\5N<^G;*;VSN-7'OG.O(*9F/#`M
M`+TW+_PF"M5`-*3JLP+W)&KLU`C#"=SCS/S<NZ?<7%SC(DUIH:;6J$@5%1J4
M<($+*$%!L&VJ4R,8U<Z]C"0P_FT?'&[J&6<PU8\L:\;_N?&@=#PI'^\6U=P;
M<JTX2\@X2HL?;LV4J0@1Y;WF*QQRN,D*'$`$2Z"R6(20`CC$,N1T*8``9O,:
M)XQA#`AX`0*>K68G1&':KS'![X\?!4+TYC;&GS9P:C"&*$0AZ<"Q0!>FCP">
M%WW:<19?%B-+]7\E<YGIWOHL2("`,5S@!34@@1OF[XOYN_^A_FY@1@WB[P8#
MH,(]90<"\_<&`H``,B``0``!*S!_/\`#]G=OHF4._K$.^T9`=K=AEW9I")1`
M"@0#2F`!"!!\(0`#1Q`0"L(&1\`&*M@@`S``)39(6!"#AM<!7_`%,C82C><1
MP@5Y^P1).49YQ<)QL,96=B%Z)'<D16(D24-[U/(4/O*$?W!=?U``0E`M1O@'
M.=`42E$8)(=ZLZ05=S`%%K`8(>!)#147>2$$=:`!7)`"26,60/('0C`'=8`'
M2(8C*7`;A>`$+W`!)A""-0"(8R!\UU=S%A`"`O!["!`%-?`"+V`;P?<"48``
M^V<!@RATE=@%"#``8V`!U.<;-0#_;3\'3.,G=>DC-^=W6=N!1B`0!B\`!"L0
M!C5P`L$W!D`0!R'XB"<PB`@`!([8!<"W?V&``@AP`HD(?PA@`;\A`+3X`F,0
M!@48?$!@*?CF4]UD6G77;T5U5$BU=WTX`<%W!(Y(!&QP`2'P`B%PCEA@CN?(
M$`0P`$1``!6``UB0CEQ0$5-5@S9X:L(E<<15<9&'8Y,W24+88T1(%V9!<F>1
M-$IX-+5#!%4X>DXQ)'5P%KDSA6I`D73(7D.B&@7@A:DW!V)8`&N``]3B`$2`
M!UQ`!!9@`0<0`BU9`6M``RG`!2*P!D2P!IW4DI;!%/!E/6;`A\X(@A<P!K]A
ME/#G&\`8_XAK(`#P5P,7T'X"X(G`,0:5.(F4.`8#H'U627W*%X@((&;^-4Q;
M9(KC9GZI:&"RH&ZSP`.)>`)E1P*!B`+4YY1\4)2).`"S&((H8`%JAP#,^`*N
M&`:XZ)2T>`&!:`#45Y0CX'[NH1\1>(UT)VF5EH%%!2IY!P!'8`&.:`$X<`0X
M\'Y1&0+O-P!E6`$O@`5$\`()X0"LB0-$@`4+40%<,%4T6(,WV(_^2''Y9'$^
M.)`[9GF7=Y!SH9`'0`1$D`(:X`!IL025$0)$(`)P($-+@`=U4``:(`0X$`(.
MH`%$$`*(00-3`)L%$%U+0`0*981I40!=")*8E%YBV)+LZ0<.$/\"0N"9+^EZ
M%K`$(L`%!S"/4[`&IM1#++0&<."3K<%??&B5`M`&@?B'P@=\OY>7P8<`(0"6
M[1<%.-")8-F()E`#:U"77+E_(:``8-E\]65%9$DG=7**56=U67=&:,0#<?`"
M74`"T$B)*."*B6@`B?@`U/<"?W@!)V`!&$"+@3F5;X`"*)"(([")"(`#;_``
M%A"5Q'@!S@"9V_13`W1'%YA:]Y"9'W@!1S`&1/!^.-"'43H`:S``47H!:R"/
MK/F.7$``V^D`7(`%#F`!MJF/N:F;-#9Q^.1(/2AY9^5JPMEQQ-D\9C&>?`&>
M""4$.DD$KQ<"&B!#:V"'<+4$ND.IJB3_!%PP!30DJ@<@!RV$`R*@GG[PD>[Y
MA5@AACBP!FM0A?7)AM:%`Q6`!Q8@`A#E.]6Y!A^)`Q;`!5S@DDS!-;S1!O`'
M;0[:?37@B8B8;(U9B6SZK!MJE7T8HEWIB<)'?<\*C+]A`;X!@M46?FBSHN1W
MEF@)H_"SBFP9*"@0C/`GCH'XC&-@`)P8B%L)!"'8!1;@!<1(B7X)?S@`F,I(
MB4Z9B)2(`%?Z`R"@I77T:!K#;Y7)89=I#V+Z`DK`!B&8ILD8E1<P`"_P`&5X
M`9[Y`D2`$'N*`RNYIW(@JWV*F_P(J*+#@S>&<8=:>3,RG)E7A'&1`FLPCS[4
M4"RD!KE3`2$P_YUPL`8:H`9PA1@]=``&]3MKD`-WD$HXX(;"HYY3V)ZMBD)@
M*(:+49)J4*L64``T@*NZBK8DR05PH)(I,`=(.P4B@+8(RE^S`1Q3)'1M\*'[
M-VUJ5@/-%XB"6X"_\:&4R(B0N'^^81NA*+B*VP7+RGMCF5)E&6XN:FX`@VY[
MUDR^<`+[)P!+:G,GX`:BZP0"X`7[%W]Q(`#06`RR*'0[NG\G<("N>P)OH`3[
MYP5A$`8X&@8."[%Q=XW?]*4$TF%Y1SED"@-]=P0(T+QD6HX/$+)IB@,XX(()
M8;T54`&RB0--<"$9XJ<S2[,S(ZC%96.KYD\$F:A#V+,YD@+@>0!+,/\:03L8
M.*`828M0F9JVI2H\.""_#E`'.AD"UID8=/4'FJ&%2L&J7VM$5W$`8U@'-N09
MEGJV3INK:^"?$&R2>`"L?W"3&0Q>/AD%A]4]9[(;8Z,;3N!F(Q4F:E:N:E8"
M;*9F;J8FO%$(@ZB'W8:N9DENFXM^[NJYI5`,#[L"#NLWX,!@BO*P#GLHX&!O
MRL`!YO$+P3MA$?M3V&B\\F"QEX:Q>:=4"0);#E*P6&`0*(,%=5I(XIM(Y/MX
MY@N0A2J0.1N$[&N0[HN01:(!TU4`EOH',AE>R2F3G>2=J:23.)`8(4!=E&J@
MJ\3'&D!7])D""MRU#>S`52&>-)`#:C`%&H#_!W#P!U.`!W,P&FL(/`?0AHU:
MA6NX&#.@&@0@`"4\4H;`9DLT1?""&\.!RR/%7S8\R[;!=.9ZKI;+HE^4N6'$
MN0;SKK2@#-;P#8:F#=,$1^JQ*(M&*<=@Q<-K1\5;F>(4.<E+.:XU`>A4<`7!
M!MC[@A+B`*-&@Q`7.FTL,S:;OC^XOCNKJ'=<G$\1&05@>WX`!P=@%E([!8LQ
M+5/`GZ%!&H>Q&7LA`CE`>_NL!@>`!SDP&DYQAPQ<R2@D-533A4^#)(_QA`'*
M!:D!)#D0AZH:/;O'7U3$)>_"RX25PH,0)F/"PO`"9NKR1#(L9DSG=#R,N7G&
M)ZJXE@@6"]?\'<]\_W:)4AX+)F^/*6$/:S&A=<7$N\W]QL68F;R<%G@FPP8&
M@1#K-$CKS,X,Y\[O/#IOW)L!B;/*1<?UW+ZRYB2CYP=T0#5`\E!.,=='(I%1
MB#09N9!&AH45>==G(=='\]?LB=%$M&1!EM=IX7&E=Q8T$-%G46Q'N!3(>B[S
M<BYDEFV/Q<LE8`)45&TRK"XE=5BUK%_4YG3_-<SI"C<O"M1JJ<S>,6]OQ%FT
MO4;X@S_7=$WYXW93++S6.-46R,W;&*:3@P9Z=T[C+'BR]=6U97@<,=8=4M8?
M$L\7QVI`2$+V_-964VQ4H615<WH-##WDC35S@:Q5I-KJ?38`1GZAH*XOJO],
M?:(+(.`,LJU^]/-@.!5';Z<X$DM:Q=MO_G:Q&]B-8/QI@#1XA-=.L2+=.DC=
MU7W6A'JS+"(%+@*$;%T4,E('/U$4@>TTBXK82[9KK5K>)@XN<R$]);7>+$XO
M[2UU[^W#FNL^[9K,Z@<HT:3?-\7?$!A`6)S%E7:9![2!H:):GB;.#A1;$)0R
M#)X1?PKA)B'AQG5Q%9X36T`L.NLS=&`L=ST4%9DT=QWB&$U>7WOB9DXEYZV'
M'M7B;)X<+YX)Q_335K>*!^,*@D(>SG1V.K[C:M3?4BUW5"W@]=#%1IYI^^!I
M",[<9JPYA.0Y#NYX4,Y(4HZ^5&X3%JYQ6_`3&4[_%*^6`UI0TD0!%8ZM&HA-
M%R/NW:AWYJI.ZBD$RRO>YK">-L.D4G$^"D#=K@>S=37E'L^\YX;3YSV>S1-K
M@=KX*85NY`>^W(J^Z*S2Y/#TZ)$.(I/NFY!TZ1*P!1JP!320!%MPY4)H+&H@
M!&J@!9]>!T4&XO=<ZF2.>GA0`2*`)&@(0W^MA7&5D//^7$UA)#^B%&J0D$I!
M`ZY'!T9B9!H]1(.5WK&>\-Z64K3^1;9N6?1-YX&RZWKNZYW%XSSEW\(=5,5.
MY,@^<(FNY+(%56$MUI^3@]$>Y?^(UG'<3SH!!YR:&3)_`*T3%*21&=N[2HDQ
M!25]+&)>R:?NGFRX!']`_P-JH`$TX`>X6B1Q`19#,IY)G\^BC!5I$1><(011
MOX9J^.5X@`=%<O1SV.X'$(5(#R1U\!4:\').H>((K_"Q_N8LA9;R?=_D8?%V
M[S^@E?$^KLU!I6$$'BK@_%I)KD[,WNPE#W&*!UP1E_*2OO(3?EPL(@%2(`4-
ME?,Y;QD\!A0:($J6W_G3]<F8Q]VEWEZZANJ!-?0I@)PAX%"XRL<B(`+I*`?^
MG*FC)P3U&0*@04,%0`1P4`%R\)U^@;2XW^["+P*BFHXI@`>F-)WIZ!<.`)L^
M)'M3J.8IZO:P#O<#)O=9Y[GS!LU*?/</AO':5`[_W:6.T_%>'/@$!VH*CG`)
MU__@9LW&C-_XO/GXE5X&%OZ?GE\!F`\(.8*#.7!+%8B)BHE+<'5_?I&2D7^5
MEI>8F9J;G)V><W,S!7.>I::G<%Q+!19+#A9P."%K%3D5.$MK#B(6&I"LKA93
M%6NZ-"$A*3A<!VM+.+TA1"*T#EP%.!537"D5(06O>$1K*41$>)<I`B4*[>U\
M\/'R\_3U]O?X^?KS&/T8.CH^"!QHH*`!&P@1KEC(HV%#"!`C2@1!$0*(!!@S
M)KBHL:/'CR!#)F!`LF3)'RA3IN3`LB6'##!CRO1`LR;-#3AS;@"P$P"+GRQ\
M`D`#HRB,"44G*%WZH*G3I@2B2HT:H*K5`!VR=MA1I>O_@J]?6X`=^[6/V;-H
MTZI=N_8KE1@Q&LA%0E>%W1YX*>C56Z:,E"&'%B%*08B0D,""$R_!0V?2I%.0
M(TN^!&K.J,F836E056`-GA2PH+6J(V*6A5V]_-1YQ86+A0-J+'#!HR9$!=*O
MO:V!%6*)'R(56'%)IL%""EU_IKS.-F-)"%^6"D1QYVZ?]>O8L]OS]R_@P`\&
MP!=,:&,A0X<2TT.L"$&D^_?P-9J<K[*^RY<O9<:T:7.#!YTX\00`&3X!%10`
M`!B%U%),3?"44P0\,!55!%R%559?[,"5$1PNH.$.9)'%UH@DLN467'(U0!<2
M=JF`5P][\26!%-TD5@%AA=&1_X,(-MJ(0PJ0.$9)9D0660DHHI!BY)*A%+>*
M9Z`-$P(.:]!P6C.H:>#''^%,L<1A%EA00`ZV"?%*+@>\`L<W?MCFB@BR'&!!
M:3@(`5HL%6CA0`CH6**.&>^T40,""-3@A`EF\*&`HM4Y(8"ABU*7*#P*M*%`
M#0(\VH:BCSYJ`J8F1`&HI6986H)V]Y10`G?>?2?>>`F9YQ`/ZJTG`*%.@&"1
MKKM2Y*NN()S``$<9_>JK&RN<4,.O$##0'D4C=32?2?6I=!]+^NG'7W\`(@B`
M$H0B<$%0:`"1H()',?C@4Q-*9>&%66D8(E@EUFNOB0N\%==<==V55XQ^B>%`
MCS@.4O]'#C0,O,@N!XB`6"(.X+'EQ)(L:;%DE5UV<9%W;/:D!G<")P(7#A!A
M00BG\:)E'6NV5@$OKJRA00A<[(;:&BA/X<P?;EJP!A?:&)="S1;<A@,.J_%Y
MB735M?'"&#6\@(`))CA1J0`F8*"`&5V,@4`43D1!:A33F1'J=)C6,`;9)F0:
M]:>/?CU=J)6BFNJJ_K1*D$$'Q7K>0^J](<`+%R#P0AAOG`#&&R"L0,()7H#P
MN!<DA&$!!ROPX`4'7B2PD.1@&$`"`@(HR\#C)_``@A>)KP#!#PS(-RU)U:YT
M7[8S;?L?@`$BB(`%A5N@!`Q*'%'4$<A/<`0;$S`_0%,./D__P``$8('%`%A0
M]:Y6\8(X[P+WAA_^B?NJV*^+_^Y5A@0/"U:P(&KD<(!@!6@P"!X\+B)")*0\
MMO'_G4"2Q@"(L1G00`13@(,(<@`R(1S@``<\@"%$@,#/J*$.H)A"`>H',CQH
M0`0S"TX!A*"&%!1@"BEP(!S^\$`:I&`5&E`#"$FSA!30@`X/G($"9Y`.`;Q#
M`288`PZZ0*A!%0H!7HL"H@1P,@&,(8EJ@]JM0K"V0M7``DB,&Q.)>($Q6,")
MGT(`"MYA-WJHBE6N$@C?R",K]*2'!*-#``E64(,PW`IJR@I7'L?PJ"\:,0QB
M?-0)PJ4$J=T*!&HK%`F\1BAHR6YV_[5#R;7R@[L,Z.XFO",#&9!X!"4(#XF$
M8X/41DD$-A!J#*5L"@(<,(`0#(`(LUC#5+:G%7E]3WRX+!'Y4K2B%KTH1A0H
MP_P8H;!$O$\0=2C`PARA!1W5P4R+6((:5!.D(1'PFI;(F)*P>8I0@.(.<Z!$
M)!YQ)#H<S'];JH0DZL#..JB!"`[0D6K(28<YT`$2[*RF)<@I3@Q69IM_2$$4
M3K4H$[S@:5)3VZ.X(``ND$X`77C!H-8P``O4X`*%XZ-%<>#$&EPQ"@@(P:"V
M"#6U&710-:A.&>=QQKRED6]]4\C?:)4>'I"`<!1Y'!\C*@`BU``(+W`B1@40
M!PN@@%`G`/_"&$A0`XZ.05FWJJ,%WF"!,"@5"%]DHNJD-3L&1/('UZJD)2VY
M+=[U#@"_.R@7CH"#"X0``:*\P`N((-<!O``'=KU`4UY0`2Q8H)5$6`)?*U0A
M"W'/EO/*I6+;DB\4\8M%_H+17O8`&(BE:1''K$/"%E$`=];!G#FH0XT@ML(Z
M.(:;W!0@0%'[B3F`$Q)!@JTZ*_&((4TLG'_`;9#F,`5?C#.=ZCSM)2*1@TA<
MT+3@!"=`"[`.@CK!D$H<E`D,AP`<&+%K@Y*:3\.U-AP8+I%O4YM"+3`"/M8@
M!&906P@$L*E%K50>+>V'WO8&*YEFSHT2L6FA4(`"3+W@!.4MG`#_4#"&(SS*
M:T4=70U(,+C^'O$-_"5=%"S@!@N8X*A7!$)1:<552$9RDF(EJ^[,JDG#*>$"
MPI/:6^5Z!"':=0!C<,`#@+?7"A#``E@08@&F1"'#UM)[B5VLD,VRR\?Z,GU[
MV(,R$U$`*11S,(5AF6`.0(<JY\#*PUC$`=@I7-8"4)M>GHQC3)M.,@,WN.HD
M,YHKAF;9LAD3_ON#<E\;G>G$(X@U,(&EI,O$+%(-SU=$8A2?&&B)EA2+)2V4
M!;![1:QAT025.M5[XQ'??[QTC7Z[+^`F(CA$/Y6[@"P='[V&8(L6Z@V6HRY6
M%5K$%T!`:H8;@07"9H'V='A:7PVK6"]I_]:=$(A0+/"D)P_Z@D(>H;IU/>@8
M7L"&IHRA&'^E&<H<0%A:=N][X!NRD(ML/LBB3[(]V,-E$>$`.#@9LU$>IB(<
M464=_8$.>!","&H;YS!?3+7VCDR<X8`'&L"!$G6(H24D<<]QTD`#NJ68'^Y)
M6]/J$P\2([@?&*B&.<!!`W>X0P_9X8X:3*<=4<!:&QY5`TM=36R=:ANF!!!R
MCX:<;![U^,NQQO(H>'QP-3`#.S`P:4KC3;YI?%5,RS/36D'@#7'PZ`G>\`&/
M(BX,)T`!U).>9P,((`Q=<,(;O)"IJPONIR2(0^D$`($3/"H,#/:"&P0``I(\
M$M<?UG4E+[F[G/\(B`Q*4`(:6'"!$V-4"6P`?/&.,``V"!&O3AD`1B]``%0B
M8I8^OO8MM;U8;O<RLGH90F43(0()X.')-XIR_B"F@7;KZ)YZXFPXNYQO)H%B
M@*WWQ&F'88@*-)P(*6@,;"?VAT=@8YJ]I^8ZGUF!`_`^F2&0@_$MH0%OX$`$
MW=""QNM,'2"6:FM4XW@;=+XU($*Z4N`'HLFW;_TVD(K\W3<YHI`X'8+V'!Z5
MGJ_0A][&34^$!+O:E5<W0A)C4>0';<<1M',1NK(1OC(LO[(1O1([MT8?<><2
MNR9BW,(["$(@`T(@Y&(42;$4IL0\#^`@4"$5(<!X[F)MDA=DE)=+EG?_/K^D
M%Z-7`4LP!)X'>L>4`TM&>J;7;CD`>DN`6_46>T2";T`H>XZ!"#3@#=#'&*.!
M0B(@!'X@0R>D!KF`!P<P!?)3`")``ZJQ(]!0`)<@!&LP#@ZP34O0"M*P#0<P
M?96@#NT`*"4P?APG:?"``>;'<1A@`HQ2*HJB->X`*'S@AB4`*.YE!H*H`"Q7
M?>_'!_$%$$&':?8U*S25'A51$2-Q$0B(@`$8@`#8=@;H?P3(?Y8X$C^`$<WB
M=AG155[U@!"X:[RF$P+B+9I$!@>"(!JX@<WF%"#X%-C3+B:(6"&2@HJU@M[6
M@F*0!8IP`%(P(S1("'0@A0NS!:;7>SEP!^VS_P2FU1AO-H29`6;:6`J@@`?D
MH`45<#+#X0>M`!HH$P)F<C*MD`O``!HF4P$T,$T:(">^46854#,',%L-4P?>
MH`'P-$V2P#2(F(@&F8C<86G?`5/D0729(RL@$(F\LAZ\0BSQ<9'O@8IP5RUR
MASNMF$D;0""QB(%H0!2UF"[JLBX1PHN1]P4N"62_"(RX)(PMXB*9=X/!L0=;
MD`1;0(-V8!C5>$/1^%GMXP!"4$W6U(V3(81*&4`'\`)3X(^>P0IPT`HX(`=J
M(">=40`EY#!A(H]EZ``.4`!]XDYB(DY#<S(#\PB/H`;68(T5<`Z3H`X<IU('
M>9?Z4'UVB48?H#<,Z?^0YK$0;T`KD3@1$8&1B)F1&GD2JH@?(<8?_H%)KN@M
M!E*2)5F+#)*+#[*2+/DN6/&2,"DB,BD^W&8^-8D70U`$BE!N6R`!RHAN0!E-
M:I"#P5>41\EZ30D9W)B;FS`'(S,%,^`-,B0,K0`<?^`Q<V)Q&E"&PT$#!X`#
MXU`!>.!P==`*XH0,G=$*N&4FJB`$21-QD4"0U(&7Y(D/>ND.I\*7?NF(@2DK
M1J<>B1F?(+&8C%D['9DM']DM(2F+0($&0V&2&YB9ZQ*"G1EY:>"+HCF:]R*,
MPT@!/?`P*2`!>[`^/8E9/SD(A[$PS324=&";P964O&D*3!FBE,%;7"`"=S#_
MCLK$!=7I"B?Z"@=`!#_B#&C2"GNB#&LP!>H4&P4@3K*P8V+B<&48'(21#4XH
M"719D.6YI/)PGNT0?P*QG@9A7X%I?T;G*_*9I:=(GZEHGRV1`=CBD1(X@0!"
M!OO)GS^!()>I@9FI%`/*F9!W%3\6FF.AH./36.6S(MZF`D,P6C`H@WWQFHIP
M3!FJ"-)$FZ:%!0MSE$A)HKKY>JOEJ*!P#`6@!<_P,P4P`SA0/ZP!)`>`,A4`
M,CCP>2]C,M=P9>%$`].@9G!@,L"!`SKJELA@&VN2>Y,@GG;)I$Q*1F:DGO2U
M1E6*7^]I$;:FI?&YF%]E._>I+9!9=W9G=PB2IO^Y_Z8*DI(JV2Z%%7E;0:=U
M:J?VPJ#^,FZ(<``3NCX24*&#:@=J$#_P5I0;VF[M5)3H@)N.R@DC6J]_,`.B
M@`-JT'NYU7N/$%K!=S`'TWOF!+`+EP>VI23T]FZQ95J@P)9_(#^>@91).IZZ
MRJ0)F9",N)`P55^`::7#:BS&FICTF:Q@=3OXF9_=XBTNJZ8`&J#6RB[8FJU5
MT0'PTCT(FJ#>2B+@VB(X&8-2D(RN>6Z*(`))$#^"4*@0(Y3PRDX>2J_XF@F[
MB:^N=0=X4#]LED[BA)2VI4^\%UOHI`GW1$[0UZ^W^G$8F['DV0]!IT8?6U]O
M$*R%R1Z22*P4B:4EBY%<ZO^E*KNR9656+RN+WD*M,NL@FDF@!7JS\/(ACLNM
M/-NS^*(OO'0^*B`PBE``8O!`G"NNB'!"4S`%-)`#:H"3%6"4IL=.5\:#]):-
M4ZL)]RJIX*2OID5.P?>ALP5<9_:A9N:U;O88DI`#$VMFD7"QN<JV!ND/;^N(
M5'H>%E&8%)E_T(*)T/*)>WN1&IEKRSI69>6L9T690/&?;"J@*BDALV2S-ZL5
M+FD$V-:^V2:Y(T*3+8($3S8P8GF_H$=NIVN%.>"GIUMZ.EBP/,BUKONZF%"U
M7E89`?2ON95<VX1."B=.0L)[%/.[0K)Z$HQ!_#20[:>DR/M^+O6K:S1T(1L1
MT)O_M[\2.R2+$19YO>Z!BG[[MQ[9O:ZX$[X6K?U)K6TZH(I;@BWY!1QB!%7`
M6-@&OSZ+IY6[IT60OSV2&`<@""^("`!\9<BT&IR%3S]HP"6:)*V')#QT";U;
MP<`[P04WP69\QF;\H5E<9ZI"*9#&#O,0*91"':<BAXH(?XPBQPH`QZK2QNZ%
M'>[%L?,5MR#[!H8\F!+Q!GC;*YOH56TW.R/!@/`AR5P5'S#<F&$*N#6Q`3(@
MF4+!$P?R$WMGF3$+`T`@H+FXDN8[(;U(+T8,C"LH!MZ&N4U<RU-09>J6"%;X
M6:!UG/*&L`6LQ4<"J5T\NVX&MOP#ML$7P0^+P6C\S&/;_ZB;P%R3HHCL4)=[
MC,U."D1/JLUT?"K?]UZ!S"J#3,@-67^T@G\H["N*W#B[THG^IQ$M[,*1[&$Q
MG,F:O,F]=E8L@('B6ZTSNYF+F[XG^,JPC,1&=A=BX`*U;,M7%F^8=3"G)PBY
MC`A3X`?.O+O"/,Q<G&^N-0.NY<RSQ99?2QE=R[7XY+70_,R[%\R50``?-\?H
MB<TRK2K=/--]3$88RZMWK!WCG#?R9\X)P0/F<<C`,I'^I\@0L`*>J+?T_,)=
MI;TRG#LV`0;>:\-FVL_].8LGB9)N^J;GB[Z-"V0&G8+R:Q=BX`KXN]9B*1CW
MVPB#P(/,:$ZFZP"^4%QK+,P(S/]:H3L#=P`'42D$T#<%_=I[5'A!!Y`"!W"4
M]<BYA?T'5,BYCJ#2*WU:68D'&:W1T2$`@J@HW[?'U6?3?<QQ)E`";\P.A?C9
MH/W'D_;3\E7.<2M31,T#"#$>%8G"PQ(1!\B)CZ2ECJ28]LR14TW5-=')WGMW
M!J+5A1NS`0TA-=N+9%W6VG;6:"T&UGW=<)#="30%H,=!&C"Z5U;76]:,CZ`!
M/-BOK:O9>AT*L.=E<:FO>])\8;(SIK5C!U``KE$T=<"<K>$`H>4'(R,;0(-;
MNO=N9OS`LU4)>!`"^Z-/<O9-:O@'TE&73A`NI$/'W=<.WP=2%2XJ;>`$:>,V
M;8,HB"+_Q^(\A^3L*N$1VT3G$(D3+F'0$.XYB;\".>]L@/*\$4!0.0*P$20@
MSQ=1K#@^R5&-R93$K"*&1(0"!,_ZBI^\IH9+ON5[OI[Y8ZXLW=N&T-UV9)HW
M!'S1%Q/JFA*PC(61`UEFJ(0M"'!@NL5GNWFMQ7N-6K)P!\&Y!C`#!^,XKTO`
M#;3@)7-2AB*0)L)`"KQ0``^40';M)1I0`"D@EKZ0/]_-Z/]+`]@0,4*@#<F$
M`Q$34.!0`7#PQ6NX#N[E!%CT*$J4*5U@`EW`<E23*:%R`0:%ZEU0`UT@4@.0
M*8L6!5V@`&+#!Y:R4J[='2HNU`CA$`2&`$J%```&!&&``F%W_P+-3@(C`'5'
M)4=1=P(G`$?93@)=$`8C<`*'L^HDX`5`D.W!`NTD$(HL;,E%?L]'OA_<6Q-2
M`RX68,K%8Q3%DW?'4SQ(411*H#S-Q@9LH%=3/M"'%=U87GE:?GEWX>7JTQ?F
M>JX^6>;.N#!CV>F+ZN8N#>?L':ER'@)T3@QR$@*[X)V1L.>E00LI@'%EB(7+
M``>-P0O94'S'(`?0*00T0PPAH!S0*3.S,(X.$)9`4Y4B8`VZ00/0D(_RN#0#
MY0Y.X%"8T@6(1CHG\P(@=5!4/V%/]`(\52B%\SL>]35KLWW5C"K!WK$$,7\@
M2]0K8#E.8`!2=P)8)#5RK^1>,/=JP__UA!94)_!I3P0U%C4HX*[D=2\U/Y[C
M1![<]K&],.$!(D8X0(`#+W`$4@,\AO,"<X\`PX9%2$'Y%^#YQ!8"!4_ED8=8
M"9_EE/M8PRA9DP7QKHFNQE3FN,S$/2("^R3-&UVBEN'QW"0+^DH,64LE8:@E
M?H#R\Q-+7MD:%L"OC\`+4R('\R8GKW$,%2`$5"F6*+,F#E`;IULT-U*5*6`;
M![0<<I`PS\'TU!$%3U,H?99%A!)4U(4I%C!AN&Y7`B!2WK5%3&126@,(9GQ\
M"H.&AXB(A7P8C8TZ.A^2D@:5EI8VF08KG&$O3F]O*`(OHV-`%ETU8Q@6"#A1
M.#4H8[-C`B?_IQ9`)[@O<0((-0B]%B<O70)C)"`,#`G0T=+3T,[6US_9VMH<
MW=X9X.'A'AX9Y&`O+V.N,!<(%NX(;!9L"`A*%DH7+T<P1R]L\`UX,6``O0<(
M$Q)8R'!A@(<0.TCLL&/'@HM],FK<R+&CQX\@0WJ\2"5&C`8HD:A4P5)%CQX4
M8E+80W./A)M;'%38N3.%G1Q`@^:@48"GT:,\L=#P\V?.'S]0H?Z92K6JU:M8
MLVK=RG7.G!D%O'KE2K;LGPIK:&C!L>;`$CA3"E@0,74)%Q$.IFA(L:;"$@LI
M1.#@HL&I"`L'_#BM,\4"EREJ0E10(Y=O!1P6-*PI0$>RB,M<*AS@_\+7@9H#
MB''@F.$@!)ZJ*00HF,TGB@4!;=H(L*!:UIH:MVO@"%$KU6W;`K@$J^%NMPD3
M8VJ9H3UH4:+KAQ8Y>A1I$J5+E3+9J+2"QPHG+P2,JD%JA#*#IC!<V%>C_HA;
M)-)W&=-EUZAC80P3#`IA&/-"+\N`0,V"U%SCX#80>B.A.!1Z($,YZ%P`!`)C
M*/'"/O$<8<$1]N!SQ#XP^/.AB`X09-``"2GT0$,.01211!5=M(!(//;H(X\D
MF812`RHAT9)+,,E$4QDTW22!3D:E(-24&A2%%%)+:$`''5-%%9598(8I9E5>
MW5'`#'>(Y=288<JUDP6B<4&$`Y@=,,,<2_^\P-<:.G&Q!!:9S?`7''?<<1@1
M.SD`1PA$A("#$"'P&4((=K5FP:)+W$$$#JTMT2AJGZWA*1="(/J'`T1H`)L`
M9I1@A@E1U&*"&5&\P*$]MEHP3'2UO&#;&&L@<TL(]2&P6PTFO,.J$[-9A]VS
MSFZ'@7?@72*>>"N\80`*-=CZ0@U=>(O`"!:8XH0KWW:[H0`DW)K*K6.@H.L`
MQ-@:PKAC\*$,,PSV6XV#UD"XC83=4"@..1C*\((2[7R8:XC\V'.!!>D@@,8$
M$Z03[,3!(A`C0@3,V%``!-CXT$0X6K3CCRRWW&.0)Z6T$DLO)1E3&3B7X>06
M2_"DDPA)"+7EED/_X75EHBD(,;277K+I]--7%0J64W?<N2;47-'@:0@."#%#
M"L/A($*AAE8`!QP5,+K$UQ70,,=G<,PPPQ27J>;``15,@?>B<J@&AP8X$%$`
M#G@X,+8#!=#MJ`A"B$9#:SA,\<<2!=R1PA)"5%5`%"64T*P`)B@P710"@&Z"
M`*1'<;KILI5N>A2PQPXKZL.T,1UUU36K^^Z\:^<()-Y]4*T!UW(2B@VBA($+
M"C;T$@8*!L3QAA<G@.`\"B><0'TH7H01Q@DV=!^&%Q!H[P8&)(A/`@_5KW`"
MO_XF`+"#\L\O,`<_%&QP.>8@;*$2&PB@$F2@!"6@P8````##6%#`?#`,_PTI
M.H(2V'"$@5P`1C$*F<AH5*,;321'*W.9"$>H$9@-J4@MJ9E,*)`SG3EI"%*0
M@@;VH`$A3&EH=`B*$`Y0@"4XX(>(.X"6<K@EIGT):T@<TQW^`!8T62V)7+F#
M%FA``ZO)[8I2JQK9JGC%+EYQ#E7SX@QRX)7(.*`..9A*#M10!S70P2E.[.)7
MZE"'J:A!#3E@BAPUQRI#S*8-&&`$!G1G`CX(8CJ$F,X@VT`(1O(!D-.!I#)P
MTP8%=.Z2GNN=)G=G!FD!;Q+#PX0-LE4>'MB`!)R```]``(+RL)('$``!#V#)
MREJ"``()L&4M8ZF@7BJ(`3]HAOQ8B<OX-8A^TO_`AL"R\0V#@<-_8`"#!S8P
MS0!:<P,`P"89`'!`BZ'AFQ"$`<8F0*()/,"<Y@09!QE",ANAC"(J(Z$\16A"
MF1F)9B]980MWEH1^]C,'01/:T&Z8!"$$-(<Y(%H1C<@4*#J4+%YA30HFFH(#
MT."A6$%3U<J4)K*))4U@!"/9M+C1CGXTC'680QWKL(04.&4.#:TC549JTAG4
M03%3N>E-15HHV$3!6;>;S2`908CJ%'40CJQ.(/U(&S,XP0FY:18F,[G)WG7.
MDB78SB=!*;QJ(<\`H9BE6,5Z2[%"X*RZ1*N"(,"`6T;#&O*KQC"A8<M<*NB8
M\\NK7N]',`XXLW_E\`#_&*@YS<%:$P!DV&9B6<!`<(8S1>*<`!LP]K$,KM-D
M[P3A/#?[HWH2:69(LAD+<^:D)-S$GP$5*-%NB,/6+HVA&(TM5L0B`HI6]**R
MG:F:0OI2L32E*6KZ0YJL5B;>JFD&#65*TY(K%:;L=DU?8MIN5X5(0[C*DH*X
M9%-W1XA%%,*2M!%=)F=UW:J:5W>=R^[OND.M4!(O%)PHI2IE.5^TQM*^MVQ&
M,]B:2[G^ZQG]3>8T`/Q?O>Z5KWV=D#/]Q^!K8C.!BEWL-[D)6<B.,YV5#=EE
M2^;!E&&$LR`.B6=1B$_1[O.T6_AG$F@PI:`@-*$(5:AK7VO$W-H8N"`M5$AO
M_\SCJS#TQT?$"I"ULCD%5-*HYTVRDI=LWD&L=ZN@M)9XPO.&499'K6=5JR[K
M:LPN>]G+#UIF@OVZOV<VN)J'16QBU\R"!'(3`!5.T87/F>$-CLR=*--LB/?<
MD1&#5H4R.;$$I%#:%6NAQ2Z>L:)IS+0>QU:DO-6QHR<-Y"%GQ=)824$4G'P(
M3.[NJEB=#56E.IM69?*J)7B6J@TA+4%*RQ'?&=ZU,A'?48Y5OEG.-999*5>X
MQ@_`!*8KKZ71RVH(,YF_?!!;E\G,@I%YP0AS<`"S^>`'DZ'-;XYS9.?\,0W?
MV60!R&P\^4SNC/CYGJ'5)VE+*X$D;&$H0CBT#8>BVO]%N_;'DW[H%0O`;\HQ
M+M\]KC2^+SUPK!1``)Q>-7:<I?"&._PZL`Z>&PS@AHF#I^(8CZ_&94D""'!@
M!1S0Y0^8$4S]ZG<;#""!_%2N<E_RBP3,:'DM80Z"F->\YC&W.<QWSO.>DX`#
M/P\Z![Q`@@QX(0,R2+K2E[[T#<@@@#"`.C9A`&<8?%/;%Z9LAM=9,@Y')-QY
M'G>Y^7SN%.8ST.L>M+O3E@14B4`$:ZCHG&!L;T47'.!8B^@2#L#W`T`&[SP6
M>(T)#MNL:%I;QT/\\<03BBHG/O'(N];C'5_ER#?^\IB_O.6O9:U-K,`-GW>#
M%T9/^M)[`0RG/WTT5\_ZUKO_'@PR@'TTDRY[I<.>Z4L_0=)U+P/>Z_X$(P!^
M[T<@@^"/X/C%/[[RE\_\YC/_`<J'_O&A3WV$C*"R(,L^]C/X@`)PO2$%:">X
M\?S.-%1$92$<>XC+7F(*#.']>Y#"$.`@@2W(WZ"H2D(%`),""Q3@`'+@`#KT
M;C*&!VXT8W<'>$X346&A@`XX:2EP`E\V@11(@0`3(?IS,`R&9M.&6(SU@0"`
M;1.&!A2F;7(F9UF7@I2%8=N'?1IF9]_G$%WW$.$W?CX`=E^`,E^0!N9G$4'P
M!$$0!.HWA$0H3^R7;N[W&71"*9Y"!`<@!3J!!_N7`G*1.'ZA!G"`*G-20SWC
M*160_P((6'@/R"9BT8!C>(:R%8%W58%LV(8#%F;<D(%F!E@<:&W7!H+8Q@(D
MF&TF6&$3($[;IH)TQH(M.".&&(,TTDY>-WZ8!7;O]`5?<'[H5X246(DOLP`E
M$3.?A6XJ-`1[(!<60`068`%K$`(6(`>E8@&-,Q?]MP2'(0<Y@!FE""<:(`>.
M88I$`!2ME8!H6!8,>#6]&(Q8$X%N6(S%>($#TTSCL($.!F$?R%@AZ&8D.(V/
M%6=_"(@JF(*#6(C<YVV(*'XSR(CA=C*.J(.2J".6F([JN!%'"&@](`)<@`-[
M8(L%``=RLB@6H'^`486'`@>AJ`9"8(LB((IP@`=KL`:ZB/]#O"B,6E&&P,B0
M$!DF:FB,%&F!<-ALS_9,=%B'VG2'T)B'>WAU?6AA?YB-X[2-W)A]+XB([!2.
MXOAU[R01D'B.'[:.-DF)[7AV0Y`"7"`'6[!_2S`$I3@%5Y"/F%%;%N"*IX@:
M#D`#=#"%MH@'-!`"7%`']R:&$=F07V&&6=F59$&,%1F678:,<9B1YK"1=>B,
MSQB-;S:-)6B"UUB2)KF"=+9]&B0C+-F2#^&2C3B.,2F3-)E^-SF8Y9:3-M-_
M%2`%]&B/(8"/^DB%_O>*&F`!C:D!HG@`F"$$4\D%=,=H3>.56>&0H#F:AE<]
M8GF:_4*6&+D_#79-$.:1;0:2;5G_C7`YER>)3BFIDH?(DHKXDNY4CCH8B>>'
MCH19G.1FF#+!DW(@`4`I!5S0F*:8!)@Q44GYBG6`&41@BQ50B_D(*6M01[N(
ME:0Y%;\XGN8Y%6")FNJ93!>9/\JXC/[3C!ZXEMC6EG!&FQ:6G[:)FX38@MX&
M@]_7F[XYCL`)F,-9D\:9H)N%G.Y7!`&X!PYP!2*@`17@`$/@`'*0!$L@!P<P
MD"(`@`Y`!U*0-I*!!X53`4(@!#K1F0LU>.<)7'/`E2\*FA.YGC:JFNYIEAO(
MD6I&GPFDAPDTC2.)@H$HB+B9DBL)H%PGH`/:`04JD\()0H*IH%3J,@S:`_$G
M!3010Z?5_VY;T&ZLA4=!P6)XI`5NE)`LNI!D`J,O]5M=09Y7`8QM:A5MVEO`
M-34S2IKI::/JB:/O"9_1YIHA^(RQ*8U!*I)P>8+[B9)(NIO?.(-\^9L=9HX'
M.J5DUS((V@<Z8JF;FJGKR*`L!$-?2FA.TFZH)30)!11H1`=:H%!_,%!;,A4M
MVFA8(01O]Z$IE0,ZM1AKTJ)Z04=JD%,K]9!4`8Q,(5-S0`,@I28RFJ=928P$
MYDMKR*=LZ*=RB)8\.JCT.6&'BI_6N)_\F9N'J*0!NHB^Z:1_V0$S6:E$N*F7
MN"-54`6:VJD+$*_V2J_$^:F8*"3V9':B10$Q%$,NA%K_U&(OEO]0!S@T*>5<
MB_$4:BH"DG$9!4!'=:12,B6K=005%5``P?H':/0'9-04:32RQ[HF=$05?E`'
M*NHVQ(6GSNJ5!2"!_D6M%6FMUXJ6TJ:M]<E8W$IAW@J(BFJ;C-JHWOBH3,J(
M3OJD43J)0XBOGFIN".JT&2&O3FNI.+FOFDAB2'@SI-JE!(MHJ$I$.*2J5<$4
M=*"F*>``,*49>"`$EW,`<W``KZ$!!^"V2S`%?N``2U`'(K!W:D"W_`8'-%!;
M_]=2==2W*?"W(M!#<`!W*4!<7M&L+\N0!&":]4.S-=N>?[JC.;M-T/BCCN66
M0TJD0GNDW)BD>0FI`TJ.Z;JN4DJ$0=#_`CHBB1^1K_.*KR4DM38)JC.1I81&
ML*D%M@B5L`I;!WA0&&TDJP][1AY+!'AQ-\[[0W6PL7I[`"'P&45Q-QM[&&Z!
M`ZA1`*WAH46!-XC3%C\$=V.SK"X[N1&9`D[P5@06;)@[@38+;?$IJ(2:O^!T
MGR,9ET5JI'5)M.2:B*HKCDE[,G^YM+9;;BW0P++KKB/1P)TJP3KBP`^LN_J:
MB2?T9V='`47`-5(@&4-@J@7;8M:+`T`!=Y/1F7\QBGZ"6V<KGE2!%\CU!SB0
M`HB"*@X`-G@0`E,@&3JLMS[\!T4QD'\@A2D0`G10%'G;,Q5:`8)3`76`-S^,
M!UHDFNRK)B-E_UQ+!%%:1*<<9:>&][[U\PR^]F7RFYK&6+\:V)IIIK-XR+,4
M5G7]"ZY#6X@KF;KA:*[CAZX)K,!/NV<6W`<-;`2:FA%&$$(+T,!/L*D4?!$6
MO`!&8`14D,@0G,'\NHG^FIQ<T`1;\)QG\[L%59!3<A@A`!3]1P3!VW]<T"?^
M=U.89A5X,160<@!$L`2X/*$W7`$]3#FNN+%KH`%U4,12+`0W3`1$[`!^L+&<
MTD/\5@%S0#=5'$;EF<7#A29?`6EIXHM?L<W%RE%LFA652VQ<5H%I/`W#UH8V
M:Y8X*ZB+U69HL+-`FB(_>XW86+H!+,!Y*:!\W)<)')CMJB.3W`>&//_)ALR.
M+6#01F`1CRS)B3S)\6K)EZR.H!H`H2$%I%@!3"`:MBH':H,'06'*0"$7N?AB
MIE@`-##,E$E',>RBLNR]!Z`3:J"W%)H"++4&(C"]*8`VV.L7%*J4<>&]1.`'
MX%L'B.-#>`"^14$'TAP"!["LD4NL,_H55F-2(@4F/`6,8:1CRUJ:=]56;T`"
M80T_QE1L\2.MQ621RE26%<*,S9A805IA>\A-$$3'?8@Q_YMU=VR7XYJZ1_N2
M?AR3KLNTZK>I.Y`&D/@%B,P1B[S0.Z@R#6T$3V`$/E`%$-VI-\F@.]F3GVP!
M3&"*>6.*@P$8(4V9J&S:""4$HVB``+D&A/'_JFJ*-CO!L5A()TM``[6MF6@C
M.#E048TC.(.K&J*!!TO@!P>0`GG@VUZH`5-@TU6BH@YP)R"UOB^[45.0RS/@
MMAH`4KXH!`50&&2")L<MW6-A<#+;5B#@!@A@*V%`UO[B!7&0S@O25N,3("1P
MSK^FN3?;SM9$!ANP36BPWNIP`587I%7WLT`KEW.YUWQ=M+P9J9**P((-T.U:
M!5]P`TR0X4T@V0.=NWW@`U=P`U]@R1=,V5!P!E!PXF=0!9B]NUB[P9RHDQ;-
MRZ1X`/;H?Z[MRU-0VJ><`R2=JFK0&%4)LCE@BE-@E6KJL$]QLG/0L4S!1N2)
MK$W11G3T&70`RRE;_Q45JU,>ZR5U(#=0+;E3_3:DN`86T#4WW%'%"J=W4A6H
MX5)SND2MD3DSX*97$8$$]@;V<`+=0CVEXP4)X#VX0`+*$P8KL`_?`P3?4SU.
M8`"$7@/9\RTGH`36\^<&(.B6.]_ZK:-NG6;;I$"VH@3KC0;SP3`%=`'Z<`%'
M($'S$9<70$Y',`'S<0%L<$ZW*:Y][=<<UL_@%MB/",A6NWXLO@-98`%04`%<
MX`)9<`,WX`,N``4WD`8^D.+)G@4^8`76/NU0X.P6X`+*;@19``4N8`7._NP^
M8!%0&^P@AISOIYR,"0<A/!<%0`1<0(I2DL)<@)"]39E)0$1),(IP,!53X/_:
MF4,56"X5-\84C=MH3RYX"$^>6RG5>4KO4Y"%.``X.ST<.K$7C>(`57(9*2#P
M@,$EO=WQC],6&ZL!K2$'.>TE,1M7">`%%A`%(,`!XS,&M_(&KA`=Q\`A`@`<
MP9`N%V`#QJ(,Z[T;.!`,)V`/.%\KZXT`;Y":F\[.G3YMGHL&\"#J"Y,.'[(/
M+X`N.+`/3Q]!`+$/\T`$Z6#KM]Z?_NFH,<C/YRKAE/JZ0]@"9[#(+F`!6>`"
MR;X&3``%5\`$5\`%62`'7%"4+L`$RZ[X@2_X4-#M3=`$67#X7"#NE-\$/I#(
MA"R[`:W!_=I^[S?C&L`%=S$:7)"],0TG+)8#!V#_YC:^?Q4P);`_!70#)\/Z
M!VI`JXZF^P<?7;H/HV(^U7!B1T*`!Z?O`*U\D%.P*0[@?\V?-WG4&&#(%(&S
M?WBQ!FQQW:T\*7C@)6KX#"`@\UU0<P8`!`>"'C(?!:BP'PAP`:5##,+P!O6Q
M`@CP#P+``;Z@/"&@#-@#"!8"+R>#)"`)B8J)#(V./Y"0'),9E94>F)D>&YR=
M`&2?:!8O+Q8(:$07%A<("&PO%S@(%R]LM&@3;!:V(0,6`P.U$Q,/Q,8/R,G*
MR`0/S<\$T=+3T@$$U@'9VMO;'0$=X.'@7U\[YCL+Z7WK[.WN[_#O"RUG+2U9
M%EQ,3#<6+C=,7'SATH1+_Y8;7%P$])'0@H\;+O#YN-*D"9,.4`)R\='DRA<C
M"_K8"QFOI$EXZ:C$B-&@)9*7*F+VF$F!PI`47.0,X6)A30@+%0X0L4#DYY(D
M.7+0J)#O)Y<4.40L.9!CRIJ>5]>(H%%@"9PZ=?[X&>OGC]FS:-.J7<M6K!JR
M8^OD^%,';EF[9-'.F3.CP)RV@`,+'DS8K!\U0-70K8.'RQ(B#NH46#,EA0,Y
M%@I4X*+8#YT#%E+0\6P91V@'%BPLR8&#"P[3!^`6.*$(A)LQ%]Z$03!@C)DX
M+TQ8B!/'P@,!-<8@B!+"!`(!!FI<0!%BD(`W44Z\B"+@^9@1*%8A0`'D!8E%
MZ/\=/8KT8Q('2_`U8>JT`0``%FCPKX*!`-8J6*R\H@0KM`Q`RQ&Y&$>+*@:^
M<$0QPQ0CX3(4)O.,,]1D&`TVUUS#C3;>@"A...6<DPY))Z58TCQ5S(-/%C[$
M:%`6CC%4D`,(*80C%U!8$,`-6;A@P1<4-1$"1FNXP$4`4'BDSD@J1AE/2BNU
MU,!+2,2DPDP]V#1$$4TLL84<%500@AP:2"`"#B%`)D0.:N1`AP:/A5`!5!JL
M0<0:=*@Q105%.7!`'2)P82=8=A6F*%IE&097"E/0)59>90E15UYG[36'7XMV
MZJFG(7`A!!X5K)'G8SC8X<`:.#D`1V8.A!!675.$1L?_7%P$Q44!J`T%AYE3
M'%``#7`10%MM85@PA@4UD##&"UP@`,%PR8[0TPLU),M*LP(H*TBWI(PP!FX(
MG-"?*7&,80`08ZR`WB+J-<)>>Y3$)]\F]'$"BGY*`-"?*J6PXLH+`_H7,`PP
M'$$**;Z4XLHP$1)38847:F@Q-AA_R(TW(Y)8HCDG2BDR._.`U$(_/EAA1`<)
M?=%$/DQD@1D3_@Q%<Q97Y--$/U=0A`_-4"C)T15&@-1'R"./3"5++L$D$TU#
M4+#'U!)(($7526RQ10Y"T$%#4D@E)6?8<E85:Q)T@%7'K70=H*<#G<'U*6![
MS3##'8V&]<=??T!:UQ]TG"5G_QV"`F[6''?<H6E??,_M^..9_B%"/E<5T%@!
M!?3$!:N&#K6$F;/^`5IJ%CBP^5"64<:%`P48NH8#Q)*5PK&)@$""%W&<8/L*
MQ*WP@Q<@0.!%`FZ$<<(*MAG@!@\,<`"&&VX@#T8<;I"@_`K#NP%&&,B[`<(;
MP+^K2+P,S.O>>_!E<"]]`&P`"AED*,$"?O(K83]^:*"A!`QHP%#@_A.`P02.
M<($CL$$7MH`0Q(XAL8DMHV(6RQ#&/*2Q;(2H8QWX&#K4D30IS2,D+3#"#4`R
MCQ%6P0I`\H$1'G*#&\2HA2IDH0I=&*.3M;!H,53AB9#6P2@MS4I8TA*7:E*3
M,NRA#/]2T!K6DL!$L3DQ*;>"8@XT<(`EF&HN8PD<799@IPK,2FZ02\L4'/"Y
M`@AA"0X0P0$<4($EJ&$)(J!3!1PP!0VP,8UVLN,<X7"'&6AJ4XT+HR`[!98U
M.B`%-%!#`2HSQU)5)HT%.,`!4C"K.IQQ"4N(I&52L,A)JH&30A`!&35PJ;',
M#CV(0$3M0*#*=[%2?`E@0/`8$$OUH+(VN(0E^<Q7+TO<"U^>N`_\R#"_8N+O
M/OG+'P#ZIX13(.R9"WR%,2(FH08ZT!G8A$8$J^$A"E;0@M_`(#G.L4$4]?`D
M'UQ'.NS1AR"@HP7IJ$*+[,'.!11-GO9L016.MHXJZ'.?_5S_0#EW:,YSFN2'
M3<O2T[I$1"-*X6I+9"+9GDB'BD:Q*G8*@0;DE)>P<!$'%5`#HC`U2,EI101K
M<)M70A!)'!P`!UVAXQS9^*<EX`".1%BC"!2W.$Z5]*>#^8L?OJBW.BR!"T.!
MG5D"MY=)"94NAVF<7*`JEK/@Q0_&$I\L6YD`5J:RJ[!,3U@78;NQIB=>O$1?
M^M9''_@9<W[V628:XIK,94+SF=`,X``7&#$&7E,9$-QFAR;XS1!94)SDY*%!
M3<+.HZU3)!MLP0Z*1L_*0@F>ZE2'$>"YPQ815+&+7=$"5,*T*SEM2S1I:!F0
M6+6(-O&)<K*H$S53@%N-9BQ_4(,:__#@`$&)#8PE7=/=B%``'.`!#R'`PQ_0
M"-,R`0H'1)C"J(10`1%,(00P%<+=>`I(H'JW4X<9JE12\*:J5A4LDZIJ#OYV
M.$D-%;>C<90I=0=65,JRJUZM;UBY:M95OC*7[]HE>]RS5K:V]3[X>>M<[0H#
M`/"O?P@+(%XC'&&^3K.:?V5&-@4[#0Y]LQOA[-@X3<3!T):$G9[E;#S]:01Y
MTG,>+];GBD-6,G_ND&2@-3%*1ENEA`HQM:J%J&LG*C:+RC:V9;MM6>90%I'6
M)6ZX_>F::*"%$*0`!Z-*KE%I&Y0Z:&`*+IW#`?X41PUHH$R(XRGCOLOFM5SU
M+AV=E!^:FO^7IIK7O*6L*F[MLBG:!7B5L?PS+6L)K_X:.L!H'3"!"ZR)?-EG
M7\;,#PODZF`'YV_"`LRK`"W,UPEE6,/:W*:',U;!"XHXL276\3M:@.,3M0B@
M?=AG"--1M,^&T+,DL8<_=YQJ5<N#QZ4-XD*)6$36ME:BKZ6H;&U[9".#9;V2
MTAMP!XG2WH8`S'B809D>`P>8TM;;%2@`$41YIYNVT8]_]&F;U\WN3LV.OX>.
MM[P/+>!(+-J7!N;$HXE9S/OX>\%SQ32FA[%I3E/3F@ZL&(8X3-@/@Q.#&=1@
MCGU-\8I;'*&F52AJ&5KLU;96`L@F,A2-3/*2F_S-0%U3`;"@`1K_B$`+<\!#
M5PY`!YC2(`5P5,/-X4B#*2P!#SBW''?YHNYV&_WH;#GEO)?.]+'66Q*]M%>C
MV?>)M_I[F5B?*X0%+F&]&AQB&/YT8`5KC6X6MAN()7%!+<[VMB\6X\+>.+%7
MZ_%C(QNVL36YWDN.\I\>H`)VXPOB^!+XZXK@+&$9ZEQR$,@Z"#[=@42ZY)'^
M[J9;_O*U5$]:&3UU]KFUWY-&9M:W+O""?_W@G\[FPAEN=H=_(\0C&C'(>NWV
MVMO>A\`&XFF'J-JZ#QGO>P^^D?M>4CP<X&[;K1M?[@"'0>GM+&^)MED8OQ?N
MKGGRV#^ZTC'/?7D_G5Y1OX1\'%UU8UX]_^L,YOI=3X_ZU(^=[*T_.^Q)A.JU
MW_[^^&\'W'</9`K0O0P?%W+`)WS"1WPE%4A_Q"AOMH![\Q>:4G39%X'?57G=
M5X']]7WW)G[C1W6?!U>AAQ_V<6FD-W!>]W5A]U<*QV$;$G\?QC'B)'&TEW\R
M>'O[IW&\UW$`:'<2-8`$N'<&B'0+R("90G21)X%&.$C;9X%*J%6)9F_AIX&9
M0'[\!GHAB'XCB%==9WH&=X(HN&'PUW`:8UCS1W]J-X-FB'\U^&,<YW]T%X!W
M!UL]&'P_>'1!:(`/6(1'F(>.0X%+V(?CTX10IU90&(6.UH&3]H%:)U>EEU?L
MYU=BYX4J.&H.Y_^"(@:#]G>&F.AK:3ALO9>#OP>'<:AW<VAT=7A5>D&$>IB*
MD).$?MB'&)B!@PA,^E9^5%B%`7>%%$9AC<B%71AJ$31JWA2&AQ5[]9>)QGAQ
MN>=CG(B#;KB#H!B*?&>*V%>*B7**=U``?M2`>*B*W)ATNC-HK>B'@`B+OR2%
M".:!RP2"R<0_BZB%G%9-U-2+JP=_@^5ZE!A[7]`!97B,_*ACFRAWG=B,R>9$
MT'ARTMB-@4&$?G0'"-F0@7%*X`AOX6AYY%,^@5@O'J`^^58?M&AURH0PR82+
MF79ZR@!V"$<QH*:"W-2"KP=Q$;>/_1B3Y_2/-\B&O@=R;ZAL!3E\!^G_D&HQ
M>-CX1]OHD]V8`DYP2Q/9=!4I+TY(CALY3,-D=:&G3`#G8(OH=>YHDM<$#2DI
M:H,5C*6&=AYCB3)9EAU$D_WW?P(I<GFWDQ4UBD391WU!`W1)94-)E*K(BDG9
M?4NI:(*H@3)`B+-XCG`55PW6CEB8E1:&#">YE:`VCQ=3C_8XC/J8!L5HEICI
M0<F8<6HX=VVH@P-99&YI47#IDYK".IA3`"^'EWCY`+KS7WMY>7W)2^FC/AHI
MB_H&E5/8;W$5@H=9>B7(?JG7E2HIB6`IEAU#3@.5F<R9(FBYAFH)FFPYFJ39
MDZSY!VKF1W=C9]?9D"G0!2,0GN(YGN19GN9Y_Y[HF9[JN9[IB0PC,)S#Z8LJ
M&8F2Z7JO]R'@,(8CL@/ZJ(^S]UF7V)P"^IR>>9,"^(RC69H.*91"V9T.60`W
MT`$^X)(46J$6>J$5:@7@H*$:RI_\N:$DDD$8V@$<2@XF>J+@X*'AH)PLVJ([
M<*)?D`9&X*+GT)\T.EDSBJ-%<Z.S]Y\`^ED"&J2_1EJZ9X-I^9F?J),):IVL
MR1=_,`-:8#=1>I<.*H$_HFL@,4^6M:5<VJ5>^J5@NJ5!$`2.%0_R)$^;Q:5K
MAUE3\J-NJG\<!&-<"@^LUFH]Y*9X2F,3)Z3,2:`!*9T\N*1X4:4-.`.9E)JK
M2:C<"*$M-@]6L`,JEO^GDCJIMJ:F;EI9.U0TFDJI[X!/;\H.G@JGE&IKGXH2
M72I:/^I8!"4/_,2G?.JGS`BH".J6"MJ0FH(%0I"K0D`#5*JHDY<"-X"F)N*J
MD3JIF[JJJCJISCFJS&I.RMJF`-IJ>QJ@KEJ6L&J3GHB3SJBDM,JD>'F'ONJ0
MP'HT)K,`L%:MZ)JNZIJNUQJ=24J0U*EDU>B@=0.!X9J*XVI/'W2NZ]JO_OJO
M_-BN2*JMH3ERU%FK"`FN]UJ4-T"N^PJP$!NQ$DN#FQEW->FN!#N=\8JPW5BO
MO;JPO]JP^@I/_#JQ)GNR*"LR`FN@.0FO!^NM1*FP((NO(ENN)9NR.)NS.;O_
MLMEZH-RZDQS+C1X[LWE9LP^KLTB;M"?+LVL9J-TZJ%4JLT1[A/EJLTI[M5CK
MKTPKJS];D$&KBD,[M7E8M4>;M69[M@-:L?P'G0/KLRXKJ//:G5*+G7S#G9+2
M@$"5@)]B9U+%%G9;&'^;%F1+LFA;N(8KDUO[KJ+YLE!+KT0G9W,F!!KP%[NE
M7$\%%C1`2G*&9W@@4H+S9(AG%F!A9G`PN7XP*N9%%L_'JWGV!U.`!V71<F:A
M`<J5NG#1.'A05.EUNKF[%UC4*(]BM(1[N,1;O#.8N!GKM$`+LZ:Y%WX!%W#P
M$X>W!$01-V:A!DR1`H8Q!V%!1C,0`I$199?B7HA2_RND0P1<H5%PMKZ3H@:W
M-0=J8&5T(`2OHTBJ(1:)URBY=18'\!1ZDQ2-$BM"<!9O";E^,+CF:KP*O,!N
MA[QNN[AP.VW76:^0"P=7X49,$0([5P"*8<&)\0=PP$DIX!-Y$FYFI`9Q)#E3
M$,(B<'A^`!IIA!IPY"HI$"?6]4EPE`,L?`"&,<)P\`?TRSJJ$2<^9SE3(`)U
M\$E"4!:@H;U#I0$S]P>KH@%J1`-5-"R0B\`WR\!<W,5)X\`M"\%/&[<3[+Q,
M1A;12P1!001L?%1$L#I]H1H6$"G4"[Y<\!2A\L858!4%\`>ODSEKL`1A`</"
M$AI6U+^1M`::@52.0;VL,O]4\1L9?]`8H0([>3#">P)3IC(94T`KMB(6I3(4
M:_0ZH=$Z>U(!2RP[PIO`7MS*KJR91*J,`!FKBFNP$4Q2<ONXT`N^(<!%@&(G
M0I`"6U$J&J`:<W!44T`#1(`#\5L!O!4";J.]?VP!!_`6+TPZ^?!&E%$!<E``
MUT845G13U!Q]M1(;?M`8J8$#Q+(9GV,!(A`":Q)29E$K*<`WF(0:EI$:<%,J
M[3P%P>NPP_O*`CW0[@#&V_JV8RS!36K&N]PZV.4`>^(`4]1\/'$51"`$L3(#
M=:#&.?`Z?A`KT5P'TYQ>,#Q&[FQ%<%`HX/LJD,$Z1U6[<[`JC2($N9(Y@KP9
MO47_1Q#-!2)P6_3<9"%`ROF\.6K0&CFM`?\\LJQ,T$PMT`9=L&V9T+A<QGU1
MP2R55!"-`XK\.J@Q1V\L%2'P%GMR70X@Q=>V!N%6.IDS*9\1&FH`&EVQ!KF;
M&B*`7%8&&:T#NW-`OX(\5(T1&4PA2KL2*R&<S6(A9D0Q1RE0.OB\*I/#*X--
M!+"KR@"]U$U]V5W\U!K+N&2\T(`$%Z0B%>.&1F!&%'KD>'!`7)JA&-Y,6W^@
M&32`&FU2`"E`!*6D`=!<!ZF=`BE0`4C].30@.C_AVU<VV6`&!V1!`S#E99`!
M!ZCQ%+M5.N-[`"%0W8K,%(#"2<Y<)B:M%5F\REN,V>)M_[B:K;Q>R[R"T:!W
MVRD.^+$4G!9VEC:[J[][4]]TEKJ14[=ZX7@(V#CZS;WFI=_MA;>BVX!W@`?4
M>P!_P9!TP3=AD0?:^%1]2\!:/-X6;KSE/:O+V[B=LI"-LV?4V%&*8<#3-K<*
MR.%J(82IN!>_X@#:%;AS4^$7/N.%F^%="XU?^Y/*9[LA+KXCU9-AZV;HK>*I
MF#C;M9!("-XTON1F:^,(O>&=#;@S8,7"/,`]#A>Z]=:EQ.$F;E5#GN/M]D?H
MACA)7MGAS>1H;K).+L90KM"%`:45`%.Q,@5G?.6<1#B3#>2HR!8*2N1Y.'C*
MIRF").-I7N@IN^:V+-51YBG7"/]XW%M<BL0K(E`5:!0;G#0L:&0Y<3X%ED/;
MK)/$:*1&0]==:_$7SX>_>Y,X:=9'AVTX:(%\/-5'?R27VY4XJB[FR_=XJN[A
MU9=FJ[Z=O=Y'JJXXHUY]NR[K@8<6A&[HS"ZQB![5;3[5BJ)M.V46%@P'C:Q1
M;>3->+#,(D!;.17GUPZ^WNS<=T($2X`XZ'9]:T$#<%"Z>)`#95$'/$6[VP7"
MP4T7NR7OR3<#M-OK=9,X>$`#M:XXVZF=*XPXI(L'&F#DVJDIML[PL:YF[F[O
MVHEN?:0!![\XV7@6R][L(*^U:FND;,NR!\WFYXWBTXX#4S`#LRO7&C4'1)`"
MX,M%M2W_`GZ0TN(F+`Y`!VL0O3SL4J9"!V@TYF;LM]1+.I$1%NI>)D<.OHV"
M4BU<`;S*%Z\3>+HN!+UL\,#.ZOY.7#%W%:G!!2T/Z[.N!64"<X.';HN=&BF%
MZ]R&[`?.\B[O\4H>\GC?K\\>K_+JYH1Q!V0D5&N2`T2@`6J`[C,O`BG0[4A,
M)E?&\QUM%5-0U&Y#2FB4ZWO^D]0[]1;P[EU!YZ_!21K@QVV$2'"P!'^B%=6'
MUMIY!U)A1EJ_!!J0`AH0S%.A9MX\N32`UBW\<C(W%5..<YR.]C@P`U.`!4*'
M.(N-.7IR!T6L`5H@+"YW_`4P^Z4SP'9OYGF__>PZ\IWYI[4,_^TI'^5_S\?1
MGU,T$!J5/_.XG=HB$+_6!<V:0=/1Z\_1528CO`2C;J]G`0A+%CET#A8:(5QK
M+W`X%B&/:FL61!8.(FL%DTMW?WY<%7Y^?P>/7$1X:PZG4SB*%@=_<W=$#C-_
MJ40%*2EU%8\6(H*)%G`5.'`6:Z>W,RFP&D0AR6O5&DO3D)45AM.BHBDW"U55
M?4%&1N0M"T]61D%6?48+?7T+"^CX^"U!?2U]5?"1$]BB195_"UJ@^_=$8;Z$
M018$*5APHCDC+:BL2_@/X+V/]4**'$FRI,F3*%.J7,FRI<N7,&/*G"GS'I48
M,1KH1,)3A<\>0"D(I5"F:!D)2"4D6?^Z-(?3IX3H2)U*M:I5.M^RCOK#M:O7
MKU_GS)CB@-N!.3E"E!5!JFRO`G!(<2O@P-B!)=?PU$FA`<^2)0Z6S)A#6&R!
M.6"Y^C%DH3$.-8%_B<`10D,I.&LJ0`ZA25CE47,R(_X#)S`1+I@;3Q%AH8(@
M!USA<!$A2L@R(D0JU"D`V$*!W)`/'3-4%I8?.@4L<.%B`?`:#<EX9ZM`H\*T
M8)Z^A<.'L<67'>D`6J&XHU[">49VW$.?T)XZ\^@P!CG8?0&5B3M:I)F7<+R5
M\O(L8`4Y09RQSS[^?*0@30PVZ."#$$8HX80NV8233@WPA(1/*@#5PU!$&964
M4DPE`=535Z7_F*)6WR3F(EBSS*`%#76,H@81&M#0E1HZ_I%#'5RI(20-<PA1
M!Y!(<K5$`9.),%AA<QSVHB`%_+9&*A7\<@`.1*@Q!2RJJ(%-"FNDL,256X'B
MQY$BA)`E:LM8P$MK#CB00@Y_:$)#;9G!H8$&.510BV^Y15G,,15P46==HSP3
M6`I"6%>'&ES\E8T#<UBG03!8:2?.0E9DX8*H/E3Q'T8NQ&>$/5\8X<,-1ECQ
M417A4301%;&V8"!'Z`01!'A9Q/=K"SNHA\\79[S:AX$!C>..@B!1*.VTU%9K
M[;4J69C33CW]%-101AV55(DFGAB5BNA*Q:(H+[;+E5A:B#6'&CE$_ZD&6#5R
M=22>B`%Y[QR=BE):!07,<,<LA,T@96)Z""*+(*PMH:4<S?VB034%N$FFF5RD
MX$EHJBR:R6F8.4`9)CBD$(+'=:RQ1(U^I.)F60=D1F6B2S"'QS')`1:"7G8D
M-X4G.3S3VP$.3*/*'YJVAD=6V^UCQ7),<`'%%UB?8043/IR!M:M7N.#"%5A_
M846I7X^G$'BQ6G%&.SNX\T5!'?C`1+#WY&?%>$;<P(41+C1AQ1<^F(WU#H6K
M5]`XY6#K^..01RXY2=IBJ"&''H(8[HCDFGMNNBJNNY6[+A9FL"Q_`+GF<4#*
M@I8L/V:G6%?LRJ+ZP0@3MG!B*M,Q1PI$3/]QVC%W6<=%`4PG&L(4K1S0B@-Y
M<$59""'@@(G+.%:0@O`BM&F)CG`0$9<?3EE'?0@B&,*S,;D5`U@=J\S&;IMP
MY.$'6H)4JG`%&A`\A\0Y2!H<H"8.`9W-:C[P@1&:`(4;A.T*/G!!U1AH`2:,
MS8%70&`3N'"%*\BM@UQH@MVN``4)(M`%7&""!0+G`A]<(0M96$[@+$!"$6Z0
M"S=P8-5<8+;%D6-R0`RB$(=8$_M<B%L;\M:'P"6B<97(<Z!+E^A(]R)Y#48Q
MM;,=DN[7.J^,H@Y&:M&\Y@`DA#U)8:-)C.C6R,8VNO&-HH-?9JHAA%'`\8[K
MVDY!#JB<NV5!.5?_N($%LG"%$(PMAB5D@M\8:#4NC(T+"O0!!V.(0@LRX856
M8X(<7+!")HBPD8GD9!:@0$(N$-*"CNQ@#R-R#R*Z\I6P'&+ED(BY;PEE<TYD
M"A2C&+IU4;%TN%/,'+92!SIX8G;'_*(GZJ`!+XD`*X@A8U<,=@?<12F-8,&C
M-K?)S?N1!0<5.(`H`M;--X9C<2V09`5R6#@5MM`"-R`E%T*`A36(;0U9\&,(
MF9`"%$;2D05@`A0<&<,E!("#7,#"0<?6A"^$T`()O,$?.]"$#H8@`'^48#R9
M\!U?;226(`VI2*4URPQUJT.V#%%1./=$<_&RERSZ96)F,)C3Z4M?][K7_S+U
MA2<Z^*L"4X`#6["8'7E!"8TO*J=2EZH5)-$@!W9DJCEOL`YS^("&4&C"J%((
M07AVL`DK7`,#%:E/%$)A&3Y8@"1+R<D6>M*LFH3""J\@4`L,-*LO7"$I!SHV
M2P8`"DR81ST^.M+"&O:P+2GIY92HN28BI7,N?>E5IBC3K\R@3C@H@!`"@Q>3
M.8`&PB!>T<`YA6MP0U%3*("8<%`7R(!3`P>KINZP^16IVK:<7J3=;45WSL;Y
MH`E,"`$)H0"%+#3!@8";X&^;,$H?0.%5QP5N!K]0!;M5#0I6".0.3/A<%%[A
MN#'LX`TJV<(F:/6Y&U1D/'TPRE4-MJJ(C:]\Y?^KV)-FCHDKS653(BO9JE!6
MIED1@IP:@8DEE,8!&N!L\$1`A!14``X'(,(!T`<']*7``04`:H9%\.`EI.`.
M!DO8[BI+XMJQ2RO9V8HT4XS%K9R87?F*L3'_,&,4ISBJM"NJ*-1@QQL3\!X!
M\8[ARC$/6J7!'GG;`:X`HHYBW:!J')25)%LHJUU1023DJ,(7UD.%,]2C<>&Q
MCWK0@2O^X(H>YD'S?-?,YEC6-XDH7>(M'4LB7?*WOU/Y[R^S0@,N:.`/@9G&
M'"2<`^$!Y@]]KL`:<!,,ZN0@>`[&P:(A4>%::.!)A1DQB4N<19B)@HRCBRK,
M]-4B+[IXU+(KM>S>Q>+_'-_XF*LFH#WFL8[&N>2'_+!"&L8+JX(8(0L^N(^:
MVTSL8AO[)6^NI9Q5*J['MO1$>/:O+RO+YT-`)F-PJ`,1V.)@B8%1%4"=PA(.
M0!UM'X##KIG"`0J@@>[5:1:X0^JF24R#/\O.F-EVM2QR-.HIX$$(`_PB''0Z
MS!>O20@:&.;L2DV8(T5U%'AXFHES,'#2:$!UGIIU0L8!DW)P9`$[H&Y:*4*.
M\0S[V"A/N<J3S5C\-KO.^X5VM/,\;0!_@P:6*``.IC"-/TA,YY[)L`/(#9AP
M5D`(?R""AXU.ER5P.,-+((PU-3UO=_T/!_;6%\^'-CJBK2Q?Y"X-#HQY),YD
M_U%V>-+YGF2QIA3780X[H\TQZX`-"8^N$2%H<`H>4W!PW$#CM>[X/1:WGL'[
MFB,J3[SBC<WR.#<VO\ZVL\QG3LZL<+HVQW/`%.IP`*2KX<)LD=B2A#"'NRQ!
M"#0XRQ]2`)<#U"%]!:#1A6-/31'3MNKN<L`:A)I:$0BA%.IFB[C9S301U(@.
MW%"#HEFO`3\T)P=W*0`>$,V;`]#@3'@0P0'4((P4/.U(*O.-5VQ#&0=TD4JX
MF<)L;AP.P',<V88_?$'L09'%V__^]#7BMDP*Y_O.&?(P5RZ3-W-Z1D4!=B4M
MQB*'YF/;Y!69=GNX]R*Z=P#+`0GCYAN@L"F)$`)_4/\IHI`**:!\IA`"SN=A
MP!`"FP4,?Y$)S?$,VT`#/&89S5$[OJ`,L7!,YX9\5U(+/)9Q^A!X\,<1'1$2
M/T2$^'>$2`A+C>=_S,92D@<5E*<N-;=G+7(6Q[%&T"%5#F@8$!B!,#*!+V!^
M;L(:E(!P2W(:<S"#?D"!FZ=H-/`,R;`$<H`#?O`E9X(\VB<(EA`<CX)T1Z(&
MOG%BST`)69(D\/-\#H`*LO:#[U<AT()E61:)23B)E"@Y2YA2N!1Y,0>%45B`
MI),5-8)QE*6%7?&`7DA%$W@\VA9.RK$&!U`S)K,&?Z"&(L`%4Q`H(<!]%F"'
MN?$'&E`IP3`'094_:Y!Z@L+_!3B@%Z)0!VKH"7E')KX!5;B0*+$W!TDC<7[G
M?K86$]#2C<U2B>`8CM1RB<N6B0&X2Y3GB>Z2%0K71@F(6Z7(A:=H=:E8`'20
M&Z5`)@1#*%PP!QY8A[-1@Q+#!3G0'+IW8;!`!"G#&6?"&KRA"T2P!IOG"8!8
M`"=&&1GS?*,@"#C@86H`3GOB@[36B#&190I">(,GCBJYD@Y"CH_W<I`U@-&F
MCO,8CZA3DZ98DU,"5"D#/YHG/DM@/8EP#!_Y88B6"3.P!!'I,H,&%[^`E)A@
M`<@`/'BP%I7@,H/1"32`/IW`%<)#"0K9?)NQ!FY28<CC%>W'B-O(C=W8C2SY
MEG#I_X@WL7^+Y7@NYX2;B"*=.(4ZV9>)87M^"1;55'LT!6*&*2-B05/P)A9W
MH':%.9@U=3`U%9G41%.8)G4)(YF=`&^;N3I;!"0S@`EX@$UI.9)K&9>HF9K8
MXI)WJ5\"R(GIR)>!.9LY.9OO,IBX4TVRA9DQDICP)@3L5ACQEINY`R4@!B7%
MN9O!A)G5]!5D]P=WT#TVQ16EN7&GJ9K8F9T1PIK_!Y//!IL$*)NVV9>`.9ZN
M@S#'*5M9*9S6)%N#R9B]N9N\R9F<&5NF@YSX.0NO]@T&HYAH^7=JJ9T".J`M
MJ7^68U^82&<Q"9XS*9[F.8^U:9O&B9RNLYF$4:$)0Y_6A/^<RYF?PBDOQ.F>
MA8%,I>8'($9-_ZF-!+JB+"J71\1_RO:2>/F:>AF;,?6@@5F>.+JCOZ0%[VDZ
M\9([_0EKJL,5(IJB`=JB2KJDE&.@M-1RW3FCZ!B>-\JC.#E;5IJE5C>BA3D'
M/HHZF)E%"G>>74F=`&J:3)JF3,J=3>B:4]J@5:JE$:BC<EJGT-EYL^`G,Y!]
M(G!IU*0!4T!&YQ:H=0`'S%-:^MD5U0F$:MJH!,JFYKB@-4JE-F:G51>AEIJE
M0L`9,Q`-XQ8"BR!AL64RFZ4(JJ!MILJ52(JFCMJJV@FI"OJ=DPJGE9JI)$:G
MMLJC.!=U>*`HJ]`]:N$)=V`=%#C_=+I7::R'C'4T3HM*DJ[ZK'`)JP`HJ4X1
MA967J[B'J=CZH'VV!'KPBW5B"2+@)S!C'5^R,H8J"=1Q,<FXB*P*K?#*DM+J
MG4\XJWB&8EVXK54DC_JZHP+V,K*!8(FB'+!!/M:!![_1&.(S"8T1#%K1K-<9
MKQ*;A/,JI7=&JZ#1KS*EK1H;F$*@*,RD*,RW)2$0DN9:%W#P#&2R;<FA&^YJ
MG1,;LY58L6YZL?=J>?G:L5LH;SIKFUL);G*R"H%&!%!%!Y1!@1TI&9E1!UN)
M`R&9C4DJLU*+?S2KB31:K7LI1CV[I=>TM>.Y)=7@`&K0/\N``[$@"H`A!"HS
M3TN@?$OP_P>0X0#8Z`<0.[5V:W]5>XXVVU_XZK7[RK-^JY/'D1U.D3IE.G=O
MQT6CT6.B"+7O>K>0>VQY2ZV?@[$W&;AA@:68*[C1]&K9@7$MIB^)FSJ(\;*,
M&KFHVV:3*ZM8:Z/LDK-;BZN;ZX6@86*Z14Q==#]>Y&DB";.I^[MKMKKUVKJ4
MFK&S&X]=>[SC";NL=I.WIT?TL#C`.[WQ91-/0)<(NFQMJK<R>;-:J[RN`[C@
MJ[/A4"S&LA%MF;[JN[[LV[[N^[[P&[_R.[_T6[_V>[_XF[_ZN[_6^P0'VG\I
MQ6SB0KG6VK?@R['CJZ_A$!_-PK\._,`0',$2/,$47,$63+]S6?\$3VJ7+C?`
MK%NYWONZXRN[":S`!81F)T>]*@Q2Y#"7_YM$3!@NS4;`62O"!SP+!6.AS%O"
M5GI.\'7!0!S$0CS$1%S$1JR^1D`%+HQ$,.Q_=,:]GD.\4<054GBYQVM[Z[G#
M/+RC/BPKZ'O$8!S&8CS&9'S$>Y,&,7"]EL,A'*Q24C`B,!?%#`HZ1T)C9Z>\
M"%,P%+K%N1H`-S`1[D4/OC+(A%S(AGS(B)S(BKS(C-S(COS(D!S)DCS)E%S)
MEGS)F)S)AVP%+F`%3^"_&PP40T`!0U#*1`''4!S%_74D`5/")WH8T71%?&RK
MVX$.M)(.JI++NKS+O-S+OOS+P!S,PCS_S,1<S,9\S,B<S,J\S,S<S,#<`2[0
M`6G0`!J\$RH@!M<LRJ9L%%+PQJ@LJU%HQZIVP]98)06`!4XRR[3L`#"T!.V<
M!7\1S_(\S_1<S_9\S_B<S_J\S_S<S_[\SP`=T`(]T`1=T`9]T/4,0T4@!CR!
MS6)0RJ-,`7LPT5(PK90KQ<5;PA=JJ(<*6^K,H[Y4;W_R)U(PTB9]TBB=TBJ]
MTBS=TB[]TC`=TS(]TS1=TS9]TSB=TSJ]TRZ]!2=23%!Q)$="1D.-&#/VT4B=
MU*:&1TK=U$[]U+7%U%`]U53=@%1]U5@]OMJ4U5S]T5;=U6`=UOJZU6)=UG[[
MH0S8(K5JUFS=_]:T::11_8XX*W5N7=>6:CIW0`-P,)KS0JYO5P=Z\8=JH,5V
M7=B&W16=`&+0<2_,M-<TQK2#C6BE!9V,>=B6_:"FTS]Y9WV)V&#S(CQXD`-^
M(1B77=JF+0NO+`T.\'O2<'2BC6&D81T-%DRG7=M7FI25PB4%H"A<<@V38*B_
MH!FV/=QU+1:VX1IR@AN"D`(,9@F`5BD167O$/=VW6A@B4`!T!PJY6`H'``?)
M`0="P',5<`O47=Y<+755.07_>CQ))[>PN!LN@P,X(-WF7=^E@YD*4S$<F`S/
M!'RIXR;D;=\"WM1&-1:2EH]_`$X^I19T:PJV0-<#'N'JN5FJ0`.Z)],$K"%.
MK-%\=.`F/1+A(#[+"1.:U--YQ_-HL-'A#F"T.)(<(4;8(6[9NOD'6$`)NZ`)
M$E,9G+>+H@#@,?[C&DT8FZHH!2`\F24G0,+@BI9A7!!B0%[?F*E[U2`^JU`F
M?Y`'4X"`3$/:3][EFYN8F%$-F5`SRGHD!.,'%:8(*;">7C[=%SH+0ETC\T+>
MHP!5RWBA;9[G6QM;,S`I;Y<Z??X-1?H'70IO>E[>7WWHBJZS9+WHB-[HCA[I
=V`KIDF[;B5[IF"ZGE)[II7WIG/[I#[KIRAL(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>47
<FILENAME>o68633o6856311.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856311.gif
M1TE&.#EA80+1`.8``)Z?7];3SKO=,HW0UN7SG,GC5]WOA^OQS_?[-[.NJ'O+
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M/O?Y][G8,X[$Q?#O[>_JN>[U*(/'Q\?`,Z2Y+I&@G^KO,^/Q\?CX]IW6VMR[
M@,WLZ48_/4(^%/___/W]_?_]__W__/_]_?W___W]__[^_O___R'Y!```````
M+`````!A`M$```?_@'Z"@G]E?%^">']\?G]_B()\>()??(Z-CX(S?S-^,U\S
MDWYX7X^BBY6,E8B=H7Z@I9-_HZ.+?WB*A(Z+C;1XFYF2N\/$Q<;'R,G*R\S-
MSL_0T=+3U-76U]C9VMO<W=[+AP$)"4.M<:Z?C)V<D)-XDI.2GO/KEZ6>98/Z
MOWR;BI"(OHBJU"E2O%>(XDTJ]061)4R.&%GZ1K&BQ8L8,VK<R+&CQX_'RB2H
M\V''#B$S$H@80NL5+E$("X:"Z8=1+D@V9\1)0(2E/IN,!OU*Y$F@.U)%*>E+
MY(YIHEF]0$J=2K6JU:M8LVI%]J!.'2%"ZNP8XN##B#@N`HP(X`)/F2$C_X8\
M>/`E#ERV0F<,L3!$+IZT:UT\X&!V!N!RHQC-A4O7+AJY,QZ,&/&@4QRU>.U:
M8*L3K@4TOR1;J#QHJ^G3J%.K7LWZXI`/-`(\L.`@P8</(@*4O<T!S8@=)3\0
M<;'[0X=.OT;<!BZ"^.T/#H3<[DGX=@(7@LJ(,'E[K0@1'X2,((G;0IGB'%S8
MYOU`"'#8DM\3L5"ZM?W[^//KW\\1#8WE'(S@W`AHB##??R,0L8,%MJTD7`"$
M6:#8=B-(MQ(1\U%8E@7N=6"!@@%L$@=X#OPFPG@?!$BA<O,)9T$'._Q&Q`AE
MC12C`W6,0)@0*@FA"']`!BGDD$3RU\<#"3CPG_]9907@AQ!$T`"<>QSXX4(=
M(MA6!Q$D"8&(!3L<]P`1S4$IY8)E#4&8@<`E4%,96`X1!P<G[4"#"V!V0(J4
M&^+QF&T[D&D<83N(T$%[)=7!08@U%>GHHY!&*BE%:B8PEW0.;-B5"$+\%]9P
M#Q1J&Q%".."A(`'4<6<`W[&:)7BT[0!ABJ5V$$`??WDUA`M<CL1!'P'LP$$<
M<2A8XQ<<2D>JJ31VX``1X27@['_'R3+IM=AFJ^VU0XCE+'@T0A>`<&&915@'
M_^6&FQ`<K"3(8(/B)J,#)M$6GGLTL,O!`[B,F&)9\PD[`QK0E@H;F)R*D&.A
MIHI@P7?LAD>GP1P4M.W_Q1AGK'%J,XP`7DE"N#!>'0'\)^R"'Q9::!SE[N!`
M'.JPJK((\*I:AP7*K41O20G$,8IV'Y!$\A!$."#0P[?%-H-[02=0!HIAHE&N
M<'M][/`J&V>M]=9<6^3'8Y!Y,M?`<PF&1@<S2C?LP'*5<<G91"1`Y5\/H.$"
M&C.4,=<7>N\]2!Q;]@7:P"[,\H4+<F$WR@-A?_'8`S!'EO@K8(-6TT1=9Z[Y
MYIP?$Q1$$?$ANBHID7=B(T'-(KIZ[^4&.B^)C2YZ+R,2\8`NN\B.^26-%F-3
MHT&]T_GPQ!>O=22[&V/)7VKQY7/H4`ETV0A\`;-+)*&//LLL,P00@,\_YB[[
M_S&X1Y0[]L:GK_[ZD98_C.Z4O-,4[L&[`U7XO"OS>7W/N(]YZNP+H``'V+Z!
MP&,>EF#$]I;B/F?@XBG0$!T!)TC!"CH*=+N3H`:O=[G71=`6%@RA"$=(PA*:
M\(0H3*$*5\C"%KKPA3",H0QG2,,:VO"&.,RA#G?(PQ[Z\(=`#*(0ATC$(AKQ
MB$A,HA*7R,0F.O&)4(RB%*=(Q2I:\8I8S*(6M\C%+GKQBV`,HQC'2,8RFO&,
M:$RC&M?(1A).Y(&_@`14U"$/@3CB';JH"24^!Y5Z3(,6?H2&)FXQ`U<,HB$S
M\853RC`4HD!E$8=0G30B`4%DX**0%GL%ZB`9/5(41/^/ARA-`M7QBT+>PA,%
MB6,K(`)`!1*C(4AQQB`*"4NE!,03OQ,>41YXB:%`XA,/G($\')D\96@"?\5H
M""P*(D%"H$X=1*'$/=[!BCHBXA;OD$@D$LE);,1/(`)I!"3V<<UYG%*/3>E$
M/D`QBA^M8W^/3(8H?D'/4^0.*@99BB*$F0M,T*0HB=3C)KG'BD$$I9GM!"`]
M[!D-B5AB"&BSE22"X@I<P!(4GVB$(6<2BEG@J3+4T,1H/,B,T1F&7300T`.7
M4@I5S$,@<AO<*"J1B'7$8Y)X"`!+D.$'EG7`61:(0T)^N0Y*M.<Z[20%4CH1
M3EP0AR]">``\R#*;!$A-0#K_G6?O:O&^KUG`!:5H1BC:\U-GW0Z0"8TF'N+`
M(?6,8";JL:H0=.J`(:#AJ\<L#4G)YX<A.`F9P_C"",K:@02T@A2+8"0\D&0!
MU36RD$5I1U/^T-:D`A.</[F&'QY0UKJ^I)V@[06RO#1+3PSE'6EY`'%"-(N5
MT@0>R-B?M'XJ!#2\HK4U,<HGF%I(2=`RGC`I)"D>X(``)$28I9T!A]"`T5[0
MPTKC:(LHU%$75$Y#FUT)E%@LH).YE$$G=JO;)![GLR\PSK9E0`,:ZJ9<$3B@
MHSA=VDX;*KH9T.L[)RE#'.;B,RO))0YK5>^NON"`?=EMO8J;BWH[44QF:()Z
MUO.=_PN8(Q8!J9>YB`.-1%@&G?"2)C*J#<5C0#.F!(R',GC[D&Y6PH&ZTJ`W
M>+-2C%V9.SP@Z7;-D,<03/(=&I2C;()XG&7&MK1]$8$#;8M#@7<L!!6[YS,N
M*"0:`*S''.,!9_E`Q@PZ@)OOO%>U8[-2V=;+@>O8S:ZA0!R_AKNKGAZX4^H5
MS`.^"V+!P`0;%BC)=NJ@VC@[#LUB(^X.TMN6_1;RO'CP6%1IT#.[R.D7ZAV;
MM3Q7DW=`"[_[\A-[#ZW:43Q.('?S[GKC\`</[[<R1+/`GRUW:F(E@`:W>]PO
M7!!JM)CJ;NNMS%K+AIWK)M8V#D#25XB#H9`%X%L=L*L##/\D!+:V:U_'CBA$
M@S:$2D@#*;MJL(/[\1V^T*`#:.")>^?2`1&DM&,<*+<#T%!@LG*`5)>A`1',
MVKM)UFVOLXA#>8`]V`[,M=P<4/4D4F6<%<\HW,QFW+-'P^C?O'M1*NX`R5HL
MG9-XB&4O(ZDZ5*MMWWGB-43P'EL2Y%XT0$@$BW(!E(HFM=XH[-T]^RF3/^0Q
MXY2*K;9R9([O-NEBS(`P:]'I8)XUGS*8R=^#F<Q/#3679<?MKC0PE%_3#99]
MF0KF<1B!O']JN;!:(\^VBI"TRGQR6UTY2N!A=\]>-)N%K^E#5E5)T1CWTR/3
MI][&*(W"-@-T"!V9+2NO[;%1#OC_#KR;74\W592>%7"BK:7<-/BJN(/]Z@<,
M/O)2,WS<B`ONJ\=-/5'R-QK^.&L.\+DAZNT0E\63(AA%!SJFGY>J1E46#D@'
MUO@VIB?FFOMD:*(LBB('V"7.KI-(23?_"D_4614>!3V,4V)Q4L>-F9*W)F/"
M7UF]LA)4!QRM9"X/^(^TH*.PD1C^`PF@$^/'52)RV<DVM"&9HL;CL##M^+T&
M)08>AB"$:LNRK[?A96#R;="A;H&29S2`(X/%9]M18!]0,C1S$K8Q?F#Q`1#E
M+K1@91422,2P97J6)>-2-':29RV&&T/`*;57(V518"?A9<;1((,U%F+Q+`M2
M*$SC$]XT_R[Y`A['EB(>\Q6!LF/N!1QH4`?@)AU@0BI&J#;!4H'.(BZX02]$
MP$ZQ=5M_\!W\`G9<(H72\5-UH!+=1R9$<Q(D46ZYP3!!0R\!9W$N$R4)8"<X
M(C>RHC`T6#+A02'M4H0NLQUO6#3",7J3!&IT<CL@%B5UHRJ_H5.&0@-U0&MP
M@1M2\A7HYP)28@'=UW//8%$C=6V3$!GL0A(M-A9Z\1K'\1M)(BM7P@%11S3#
MX1YO&#+TXB37)$B?(!=>5PQ6\AQ40R^C81)<(BQ8$BLR$W4G46#@(01<YH;!
MTGXC\`5T`G\2ERI(=F1Q@#;N$0"S\SJ>QA:`Q5,`&"BD8B$*$O\W'/!V.[`E
M2"9Q#V!N=X5^4?<`T?(!'/*`KS$2^"<1S3!<QH5OSMAZ'C(N4=4N.!(`!;(2
MG/)D\-@IL`$>E_8??LA=]-(MO3&!Z-<'7$8:WI1GS]$!U;@#)A<>?1`6TG$6
M%VF$4H-^Z*<W>W$2]V=Z:%`&49)G/1-U#N%[@X"%B98BYVAZ=E('9Y9G**$<
M'S(<[4(6-^,RH=(!O-(B!H-R3>85+Q8`3P8='>..(L`R.Y!^-*,H>%!["U([
M@"@-DL!AUS$>G=(3.Q8@LG*"AN>30S`.*9(D/()^!7(SW:=8US8*E-%[GL,(
M2A958T@GLF%BPB(R6<F+2;F*!H*5;QC_;##B$]/7E\C"6LC@`N4A&U]PC:%R
MD"7B+&0A*[U2*O3RA#QB>.<()B5R$G'`B/`WD(K"BFSE%400EK@X,)_!EQ$A
M"*^1'BZP$R\8'60B!*VB>.&!(^MH.\HA;DP&?TC(*Q0R2=W#7?CV<PN":^-B
M5>WB'G$1.`<I*Z'2*5F)C&516+5A&\85BT:H<EG9880A)X6#9P6W*]58!Y<!
M'4HFB=CY`5UQ*/1B&R$S&;_1?RXSB`42>>@W`S29>_GW'7*A?H&2)`56!WUA
M8N&A'O(H;RY0E#B"FJ'B`$LIDX-%)SE"G-%1@^"6G!CJBGG(E>.9E5TQF],@
M/_MG$CPI#G9"_QCCL):&8AOO=C/?T2YPB7+B<HY#(#S1<$F\)Y9^"2-'9B<R
MTBLP4FZR`C!`5Y08@I46("4*,A89*$C)$52Q-6'#@:2R,B?"4C2T%F41.9JJ
M6'O08BI&Z!6_T7Z&$B9"B2,2.012(B`DXC;DXXDXYF`UL9ME(!#=<F2OHBB%
M,AY1$A[J"![M,A9B*(%F81N'HBP/<&W*Y33=&!%K0B8!1Y?M$BQ;0C4H>#/?
MV84OQGW9:1O5%I&*8J'#"!S$)02X:4Q`65,2IQ-<`B.PIC`P\@$$`XSR^!VN
MAS`!^H8O=A+7^051AUQ5N`O@\1TI`B%&Z%[*\6X.(R7MTA-DDJ$Z<_^4P>8R
M'VIQ<=I]!D(8F0*:BJ(P)X>5.K*55=*?"@,M-$";_=-'%F!ZYZ9D$),6AT)<
M5N5TA@6!^\(B\U8W[.(D(>4X?MI0O<!9QAHB<A<R%\AH!"8<[J5RZP86.(<D
M:">A-1E!GM86R5`&_D9E5Q9L^P=P`7`4@[5>3A<7[\8L^VH@EM(!CU=NR79L
M<!%LM>$;YR:8$58,D&9'#O8.@Y$`HM`Q9!)L'M-B0$LFR98DF=<N9U$J9[,6
MBS)TEF>?DR1C#;0+7\`3&')D:L(65HLN=#*;)4(C=>,A4F,@`G*S/;LO?B`M
M:N=L[8&H^FEXM^I[:C("\I`2'=`0)[<H?C#_E#]U&:%W*#<;;.P6<#H[MW/'
M6=Q5*C?EC:*S<@F(:L_V/<(9-V_1+K&A<LUFM30"40126$O3?__8K98BG.X5
M`&QW>5\%%F7P(N+@H;7A!X/%?TT*HY.T/>HP94E%:XG07\)E)<CA"5'V!V^H
M4L*5#Y')4_U07($[#`/Q"7'`7.$4!XRD";W9$-&H.+3T":PP&%L2**"!B0X&
M"CQ":N132N$T"L\[,$+5"POA#KU)"8/3"KU92&!%3U&&OZCD">=`"D87*(7J
MC611#LU`20"&3=*#-Y,PP`#V%\R%2J6$%O;;4Z_P7:9%-`_8J<:4:,V6>]^5
M#_347Z#0+08"'<KD_P>&0`N(H%XV;,-1ADA*U0K"Y3@*XY!QM;T\!5G_$$>1
M8SF"0"PZX52,1&5W,P_ST!;9X0*^!5F0-;:Y65-TQ@IX,`:D(1`8S`K1BU']
M(!/-.Q3H8!E3=DT+=DF)=<"<4!",Q#>4P`ZN\A\O\T<@9`O.M13;PT$*91/'
M)GVP4PV#8%?7FW<*E$>4!$F4U`G2@F.Z\!"+D%/OEG.AT,C$,`AS@<+XZ$R!
M',CXQ$?&>SWP5&7Z`#NDW`A*%G">P%-_T6;%^Q.@)$JOC$^7@,F)C`D!`&]&
MW$OK-8M\!1.WA+_I1RJVQ4#!DSJ_<UON,$PM\2+S5J0<YTV/_$B-@CJ0+/]0
MEQP5OH,Y#)3(R0!`JH/)$/'*ZXR+@\P+$V'*Y8/*K4Q2SD5(.D(JD&,5=*1?
M<.1-@D`.PWQ=H>#/'4<(:)$/XDRRRD69^J%?Z*,\YD4@`[T18PE98OD%MLN!
MG\P]+/4Y3HP<>(1'P\1+N*P(LX,4>T0L[<!54210:P4^*,P1V:A6`)T2\W41
M02%'WI@(\G!*T]`QW+4?+<'%F7QC%:T1"&S4OG=E9Y%[+B4+GP1:>%0:_X3#
M_S1.T71,D.0*WI/4/M1!^G05]YM9FJ6;[XD1OL4_RJ,0\>#)QV!CML4?H63,
MQE`7D`/7'Z%`#-4_7\,O^-93A!,*.N$"A7HWPC7_,"\IV-*3-V70P]];7F60
M7L1":Y/PO3'6F[1V..58M$[4S9MDI%013?"D6:2@O4I]RE68.DR]#+LW`@^+
M'S,UT[P0P9Z=%;/<U[(D6$+`2,C`;N@R(R[P4P&B$N.V$U[&;A:+9.Q26#>+
M9"\"<&C3&X-A(*-1=VE3$B,P17=V"ZI@%9A`RMJPR&F-$;U`8\HS2O$$G9LU
MU_J!/,94%X^F&O?,B8\!O[O0+<81C*`HA5SF``AH>F;K&_*8C#_(964&CL(A
M?G32+C<3-$SZ&S=C/[1=1'CWSI.B"0)]+0\6`+$M*39&&7K]WCGU5O@FD:PS
M$L,1D<5B*!:86AA"X/NZ_P-?JZA?D2-Y1CW&0:/@0I6FMXXTL`]M=!\:GM/M
M`PH0ABV+8RE@S1JCH!;P90PH_H8C00-*9H$MSF5V%1<Q#G^FEU.P(9<CH>-K
M$28V6"H`29T%ZB<;7.%#?A6)P,C74E^VB"V,@#C/,^=_S='Y7898$BPTT`<R
M<JRP87HSWBX%O@-^XA76&!9K819`22<1!9!EX)(*(BT]8X5OOAJC@-H9_@OC
M0+^?;MM*KL(5?`PG:"#"'1V&X3'CEA+!609^9WB]VPG/[5?%I29]X2$7&'*<
M-0)XH+6O]FK@)MJ;CAKD;>>OT&G9TE.0X^9`$F0QA@QL:3>(\%T+H5X*;1@'
M;/\E8`5@3_P*D3T*&USNEZU>A,0*YL`R)GZ+QVX:B;#A&?X*23[GYF4IS>[4
M?.X(M<I4D#0ZW2Q!V.1,LX-/EWQ'V50+Z3!=5-S$;8;?[XX5#V;DD*(.FW';
MCQ+BF9HM)9YEQ^`X5KQ52M$2O-!/LT3-E+0/M;!+#.1,"=':$3\5[D"0(XX?
MHO,%?F'GM2SJD\((CV'7GZQSO',Y``_.V8$7"`1*`'\+YA4B;PG8!E73;!WS
M6W%)GI[A2^,T.A_!3<X:*BQ,/4TXO7`W6-Q3Q((WMX#8.94C.F$803S9E`,:
M9R,"X38?SJXXQ/*]SPOS5/\1A+#/'#Y>O6;OD9'GGZ[_7A#//<3!;!H==4I3
M8&CS,I,'+S-"W+1A'F#!?\R&(N*Q*&IB;L`^=AO[27V_%?C;?UVO&GP@$D,=
M^/P7J!F.+)E^Q#S*)1\2I[:S'8CNZD"J-F]HI_F%<N/YM.`A-U\HZ0K#62D"
M+0PK\*4O\9ZPB3T_"GSA[I!".5^5+?VP%_L^"VC@DI*1G%*S(&2"*&"8;A8@
MD\&R+V""$@8B)>NU&3#2'I+HH;:A(R0CE)7T_%<!"'B"%@]\?X>(B8J+C(V.
MCY"1BGY^7P%#7Y*:FYR=CW@N`6B>I*6FC7A#`7%^CGQQ1'4N#Q8)'R,SMA8B
M1'$).R-"'"([#@$?"0'%?B-U_T(NO+%E:"-#'3L/"<X?0KFWP[0?%GA_K:?G
MZ.GJZ^SM[NDS\<;F[_6D?KFX]OND0T)#AO@)E(1G1((R]!91<O#!`8<=`>J(
M<"!"Q!`B1+P)$<&!(8=C''XYP!-1A)`/'#HTY%!GA,H$0NHD(+)CXPYK(L)9
MH.0GX,"?0(,*'5IJ!AX_#UP0%<H3C8N$2P?.*/.@C,^H`BNA0=,%:B(^?M`X
MD"C$3X!81%8Y</#%PD>;'\6&[##"3YRQ-#C\&RLB@0L+1(2XO,222-T$'=`,
M^=A'$-;'D"-+-N4'CY``7B>KHS1CA(49FNM5>B#D0:;0[BK7,OJ(4IP':/!\
M\>/"Z?]1%V6^?'$QX\M65O%XQ_ER-(Y3%RZ^&$=C%$\<WBX$U8Y>)DX<0<R/
M]D3-O;OW@93:%OJ^CN00T.31X4-C`4WF])TJJYKQOAS/RCSQ]&Y^](O1GOC)
MIMU]^!5827X&@L7'44?Q,0-8^,$GX804MH8'(5=5J`DEYJ&G(2=\^-9>?1\V
M(E\`1SE"24`K\J'@@I4U".%LK1P(X(`M<L@3A/AL]P>+Z`58XI!$:@;6%_,4
M*0D^"8Q0AI*14.+/$.1`V5IG0@S7&EA'-<?3;(*T$N9]/"+X1XJ5$2<(C>5P
M:1^!AS!HY9R;^7'''2KDJ8(>>MSIYY]XZBEHGH`."FBA@PK_>NBBC-Y!R9E^
MZ)&4H^1HATBC=VCBXJ89WK/'IWO@&"F?>O!$7W];S:""'WO<F8>==^3A"J>T
ML@KJK;CFJNNNO.KJAPIW'-4%5=<M&F.OR":K[+*\YH&''I"J,,NS/!%ZWYV1
MPMHGA(<\"J`Y-9;Y8SF)^-%%%Z5RB8<88N!Q)QYCQ"OO'NVV&^8?@0(;:QZ?
MRM;B@F*$2J!N!-]'\,$'$S@PP@GSQ.[#>^3Q:HZ1GFLQPPSOR(BMMY:K\'WH
MG%MC0C%2\J="'Z>L\LHK8^JRB_@I=QFPY$#%\LTXYXR'Q!+#:6&,^<1Q![U$
M=^Q)SD@GK3`>JPIRQY3H7JOTU%13_RU(J4>Q$$P<7>C619XQZD8KK>V86ZJC
MQ\I&L*@&)TPJAX*TN_;()OM)*JE_WJTWGXWNK?>?MF*+)YYXW.INH'H(HOCB
M#,+-[QX]P<SSIQ/SI&+5!.K1U:.(7(LMW9B'+CJL=_"H@BB8CJZZ'SSW3.;8
M,.NIQZE#8/+XG9\.W:K+O/?N^^^`.QK/':&XP(+EF7@._/+,`T_)JO&P\$``
M*K#P11<LJ+`YGJ6NCG/WK#X>:L/WO5W)P8M_3&/;%I][=_ON^ZTY_/#+/[_%
MW=^M9^$\\_3Y?87KU\=<-T"6<6IUURL9(N(0/18X\($0C"`+XD'!"EKP@AC,
MH`8W>,$*//]P<_298!?NP((*F/"$$DRA"E?(PA:Z,(4GK$`\[+6S/:C`A"7$
M80QWR,,>^O"'0`RB$"N0.#YT80;8BU0$A\C$)CKQB17H@KM4H*JNY;"'+\RB
M%A_XG#@PD85Q<*!UXE"&,IJQ"6A,HQK7R,8VNO&-<(RC'--81C*RD8)WY&`&
MS5A&-?*QCVXL`QKCD:)#H(`'B$RD(A?)R$8Z\I&0C*0D%WD`%1C"3I&JP!`F
MF4@4>/*3H`RE*$=)RE*:4I0@..0!Z(:O`W@2!+",I2QG2<M:VO*6N,QE+E&P
MRL91PI6IU*4PATG,8M:2EWSRU@QB`((D+,&922A"-(M`S6I:\YK_V,RF-K=9
MA"5T<PG@#*<XYT#.<IKSG.2$P!P@,()VNO,"\(RG/.=)SWK:\Y[XS*<]MR!/
M*5S`GU+8@D`#2E`I&/2@"`T`0A?*4(8.00H/C2A$)RI1B1HT``^@#R)0$(,8
M(.&C(`VI2$=*TI*:]*0??8)*5\K2EK;4"4^`:24SQ0>T52`&,?6"3KW@!!LX
M8:=`#2I0#4#4HE+AJ$>5`!4DP-0D./6I4(UJ"*8:@AQ4-0=8S6I6"Y"#`GBU
M`$X]@"$NZ0<6W``$!6A``2(0@0:P]:UPC0`4YDK7NMKUKGC-JU[WBM<&W&!5
M,<(#"Y#0`+X:]K"(32QBDU#):['`"3*(_ZP,@D#9(+PA""0@`68SR]G.>O:S
MH`VM:%M`6C"8=@.H3>T&*+!:"KC6M0R(;6PA0-O:_N"V,,CM&=;`V][Z]K?`
M#:YPATO<`1CWN,:5@W*7>P$Y7.`%+]@"=*,;78%:=P78Q>X$MKM=#TS``^"E
M`WC'"]XI^."\YX6##]0+A_:Z][WPC:]['_``SOT!!2#-@'Y1^E']^O>_&3B!
M@`=,X!08^,`(3K""$4R`!C<X!0Z.<(-MX%,"W(`%F<*7G6[Z!!L4U0`4#K&(
M/?SA#R,5J4Q-L8I7+`&JNIBJ6HWQ5KOZU1J#]0!^*L<>S.K5N,:U!$`.LI#-
M0&0S".#(2$ZRDO^7S.0F.WG)48A"`S+`@FX]#PD%B((`HLSE)WOYRV`.LY-+
M,-<<_%7#E7GL9"W[AC>`%@%PCK.<YTSG.MLYSE7(LYY)6UK3GC:UK'VMH"D@
M6P;4UK8_R&UO%<#H1COZT9".M*0G+6GD6GH`R\WT"^0PW4YO806?SNX*N$OJ
M"=#AU*BFPQ16S6KSHE<'/H"U#G0`!PS8^M:XSG6N:TW?A."WOR?(`']12N!B
MGV#!R$XVA".\;`E/F,).^&N&'76'FQ+``$<EZHA'7&(3GWBI+$[QB\?M8AG'
MF*LV_FH$P'H#P(E!!3=8JX]+$`%Z`[G>0@9RD8TLYG[[^\@]Z$$$,K#_*L`A
M(0):CD+`H_SOACL<S%$N`(Y_E2=X09:R;78S"=3`V3M[_.-VUK/(^=P"/X-!
MM8`>]&L+?6@(W#;1,.`MI6=.\YI7^M+)S;1R-]UI3XM:NZ7F;JJG<.I6LQJ]
ML9ZUTFNMZZ;K6@<8>``<9'6(._P:"0$^P;!/:NRN=UW98&^VLYT`4VD?8E4W
M1((3/NQ3LF^;Q-TFZK=/S&)RVWVJ5C6W5M&M[AM7W5'OCK>/!__6?!O^\(A/
MO.(7+^0>1&'@@`T4'K#,92XS_O*8S[SF2Q"%$N2@EW=2`;P(L&8VOQGDJ/^X
MR/?,9Y-OX.2`;NV@&4!H0QOZT+B-N<QMSOO>_T<:Y\?5-*<YW7/H"O3G0"]U
MJE5M]%6_6NG0A[K3IV]KJ'N@OI?"K]>W'VP`_Y?[W`^[LIW=8)96LNIHKX#:
MM0U3LKO__6N/N]SGGM05AZ#%+;X[WO6^]W1[E;%_YP?OE@'R1GCU=H"+]W`*
MR&11YE?!T@I^D@((MV65MX`6N(!:)G$"^"A\H`(&$%D8UV:B10*I5X)TMGIY
MUGI^AG*RIW*%=GL0D``OIUN[YWLVZ'O`IW/+Q7/%9UW7E5U!5W2LY@&MEG2S
MYE[4EX2Y9GUP4"7X\FL"]GW>-X536&SB=X7(1GX.]GXW`(&9<B<W-6(]]784
M5F+TAV+A%F[Z=U7\M_]5_I<$[59UMD*`!LA6BB=F=]APBM>`!'<4?K('6(9D
MF/=D>?AOA<B`GM=+YM"!-E!ZEC6")&B"DH@`JT=R)>=ZJ,5:+2AH+XA[,[A;
M:W"#HFAS`Z``P(=I.E=\TW5\/S<!HZ9\R]=\2`=]M\9T2MAT4-=KB8`"-X`$
M4>A?W4>%PIAU`X:%QLA@6D@`;A=M7H@O?!"&9/AV9GB&2P5N:2AN^M>&_9=N
M<'@IL;('=%B'"&AX>)AX#K>'4D9PL'((X%@`_#:(8V:.>BB/319Q$X<(C.B(
M&G=ZDRB)E:B"?Z9:*K=R+.>)N`6*HYB0E':*<H"*.ZB*QH=\R4=JR\=\1W?_
M7K*F=+5XBTYG?=BW41_UB_H5C,-8A05VC,>8C,K84\R(+U_XC#$0C=+H;=1X
MC?:7C=J(5?[';M.V+^%8A_=&CF%VB/V&CE-6<!F6!X%X9/#89$19CHCW9%'V
M>8Z"CRK0B)7UB*+5C_XX<B1G<K`GD`-9>[.%:`=9@PJ9EHU6BCC7D#H(D=(E
MD:\(BT-7A!AIA-*'`;;(D;CFD;[6BR(98"4IC%:(DL:HDLO8A2[IC-`HDR(V
MC6>H5#:)C7>7DSKYAC?@C?SRDX07E$()9D\YE(G'ATC)C@3XCI='B/3H;Z&)
M9/98E8>0CUFYCY_%E5W)>GVV@K$WEIUHEC"'D&H9_YRFR)"I")'1)9=!9VJQ
M:)>QAI<;R9=+B`'7YVLA29(D.9C?=Y*&>86(R9**>2>,&9..^9@T&9F3R51K
M:)DTQHUQZ)(2PYF=&96B*9^&.)KI6)I_H)0%((BI&8_TR9JK"6510)7T()N5
M19NU:9NI]X\`&9"KM8F<*%L&F6C`*9QIR9:7UI`.N7-P&6JM&(3+>9'-28NV
MMI?0B0%^N8O5*878Z7V%N9WBUYT^=0.&`)ZETYCC"7?S%YG6:)/I:9D[V8U_
MMYD%:(#V1F9"!I6'=X[V>93K^`?MB)J,IYK_690!JF2O6:!7J8];J:`@AX)5
M\)6Z*9`02I9EZ9LP4*$6FO^0#+FAQ*>*K(A\R5F11O=JSEFB)]J7TOF1AK2B
MP-BB+JJ=,`IV,AIM7_B2.#J>D&F>Y_FC.1FD[>DJ>0"?@W>E_KFD\XAXI/FD
M^LF?4WJIGPF@58JE`WJ/L7D'6'F@;T:"D>BE(8>"E@B6*#>6L"6A:*JF:RJ*
M&&II.LBA<.JAHC:G(>I\=TFB>IFGMY:B(.F+U@FH`/:B@SI^R9B8-8JHXIFC
M.HIM-=FCU^BHV@BIFMF.XNB94)"D\XFI]:FI]_FD4<J4_>F4E@J:\7ID66J5
MJ8IQJXH`K>JJ)PBK#1J6#\J;!6F6-!B*N<JF.>BFQAFG'TJ7J%:GQ:J1>(JL
M*+K_I]3)K"SJK",IJ-&:A=/JG8<:GMA:AN5)?^>)GCCYJ)C9D^]9I/&)KE_6
MFC';I.H(GOFYE`+0E$PFLU[&LU-IJC^"JER:K_SZJ@R:FPX::`)[IB[WB6AY
ML#:XJ\C5JV_:@\`*A"!:ER*:D;/VG,BJK'V*L7^JL1M;C!TKK5I(K8MYH]>:
MHXLZ=Y+9J"G[K9@9KI0Z;_A6KD&FI*%JI>KJI#;;KCG[KCL[KSUKN/4:FULZ
MF_FZKT6+9_Z*M"Q8IF8*@TWKM`8+M3?8IL4)E\B9M0_+G%R;ER8*G6![7X#9
MK&0;J&9[M@=6J'%HHS`YLB1;LG1WLM[:AI#*LI/JLI5:_Z7EZJXE(``!5P(]
M`&0]``6#2[QS-;R#&[R@FF^;:K.=*KR;M[?'.[P],+C:N[W6:[Q`IK>>.JI)
M!F0$BC9V<J]:R8]5\+ASEF=JD&<D$*;_2J:T.K"72Z%/J[F\)[7!UZL+>[43
M*73#ZFHC*K''2K&GRXMB.Y*KR[H"YKK(F+;>6:TB.[+=1HW?YJ.5J9[@.J3B
M"I1'JK=`MF3>R[W,*P#EFKS92[Q!%G#+2Z6'-[T9)KC7FV\N[+PJ++[E6\+6
MV\.&.[P21VW5HKX(VG'N6V<H.+_UNYL#V9L$FZ;[R[\UQ[F:UJ&?Z[!"N+5W
MFL!?:[$JVL""^<#9V;H2#+LAR_^VM*O!9XAM:;B&^Z>R[,F[=_MC50K#WMN]
MY3I7*LR4.4R\?"N]ZTJ].'O#27K"3-F\W+NWWZMD/&N^$X>^0LNX_)C$<@:F
M](NT`*NT3VRKM/5R^INY5-R_P\FK`(S%<@JZ6TRL!]RU$_O%T[F+J9NQ9$R,
M$2S!!@:[%JS&(TL%.\K&OEQ_*@;'<4RW[&FWOHNWX6NN3Q9PV1N\RCN^PGNX
M?UNS-7R:WWN]Q.N],.S#=86D[@JOY"N(`C#$F/0\1AQ:EMROD8N)L]K)GOS)
MF#O*.)BPG6NU64R1!6RGQEJZ?+G`?NK`M5RVMXS+:+RVLXO!.J6MP0RW:'B3
MZ<F&QFS_8W!(Q\ELQS#KS#ULPCJ<L\]+9M`;O4)&PX=0O8MLR$KFS,X<OLH;
MS4BFT<O[R(E(Q":3SI6\<:GGN"$W9_&;R9ILOTMKN:`LQ:),SS3GOSGWEJC<
ML/JLM:P\NEZ;IPL\RV,[T-!JT.2GMK*;J(YI`#MU5$'%T'&KAOA75>5FUA*M
MNW4+PG5<>"/,S(G,!$P`!69`9G5=`F1@O!X=<&:PTB60!4>6!8B\9$9IS:;I
MCMF<>75M!G3-V$5&U\Q[!2MLO"K=`X(-V"5`9(]<SI%<Q$.;H'#F67"F!@A@
M`J'=JIE%B>\+9WF&`*1-`J:-F[+JQ"Z(OT--U$;=OZ>HL`N;_\\$[-0&#-6O
M+-5@O*R!>9T/?-5GG-4@B]!<+9.^[`7:B@)`0`-```00L%,&D(9'E018H`%)
M,%5E?7\P!J0K.Z2]*X[X!K,ET`!`L``+``22K;=D``1M0%>4368"8`9MP`3[
MK;TR;'@D?;/[F=B,M]@ET`;O_=Y80,)70`8:``0:H`$]D-<E/&0Y>]=!/-/G
M_"LV+=IQEEDU<-T2;@1('-H(\`9LT`8>IV<D(`,17@/SZ].SG8F4:Z83BMNY
M7<6E/+5N6K4]Q[!8J\46^=1=[,\<.=5BC-RKJ]RN2\$SNLL)C:W9AFTV``(?
M4`<T8`<+``(\`$M>D`3-).9B#N;OW?],3``!3H7FS936_/?![AG"0)FW<%T"
M&O`!\&T'0$`&6-`&9,`$>@X%3-#?=#WH?P[?"`[8(AUD`V[#UXO@;?`!7&X'
M=H`%9-`&#:X!7'[=5X`%@S[7E][@$6`&6:#AX^S'YHR^BZNJH*VO)(`%>+X`
M7"X#;U`#,F`")B`#-6`$)A#AN&[KMQY9MFX"[=OKDKX`8$`"8NJ@*5?;\9R_
M.K[C,[?;2OVKOKU=="JZ1TZQ%1O+QJVZ5LVQRSUVS;W5;3N>ODQ42H7E`,`#
M$/`!`+#E>@X`"P`!]`X`E&X'$/#>^W[L^Y[O`*">ZTG1D>J3%PU7JQD%=X[=
M$PX$E+X`6*#_YYI.Z=]M!Y(.!)+>!F0VZ@$NR(";E(7\Z)G=`PL/`AC_WI1^
MW;&^`&V0[RSO\%S.!*3^WQM^OIY-R:"M66SP`5A@[$P@ZY7.!D#/!M=M`D!O
M!S5P]#50['=>!T!@!)9XB6,:L$&=X[@J[;_7X\&7U+Z*SZE,Y!#;RJ3+[4I^
MW`--T,>&RZ_+W%'NW.?>U38@W>L.[T\P`G:PY7D![W;0`31``PNP`QVPZ0L0
M^`X``("_`'4``76P``7@YN8&YZXBY_%)YXQ\9&:`!0L@Z7J.YS3P`9J>YQ@/
MWR)`[T"P^#)?UX/MR#2+GXZ^>0A^YY2>Y2>?\GKN\)&N\@Z_`%NN_P'#J]E!
MS-DT[>&?W5EREEFPS@9!L/.=_]ZZ_P%^CP7O'>D`@/$0,.]VH`%5\.(8[_D:
MD.Q-;.-!;;F76[!8/^WV?,76+I'""MS\C,!(?HL`O>3#.&#"AG4IH'58EP$'
ME@%/``A(@H(9)R<IB`1(!`0G@HE(B)*3*8R6EP1.3C9.-WY^=RR@?!4Q-J>H
MJ:HV5`9>7E02(!\`3P`?-!\+-'40-`MU`")V-")`',8[($G$QBB\!3G2T]34
M!=?8UTDW77XS?GIY?AD%$>;GZ.8EZ^SL`N\"9EA`6!IV=A]U"W;V^SL+(O;1
M@-(&RX(%4,ST,`,%GL.'$-^9$5``"0L\>O^Z9,R#I`"\=A$_MF/70X,N(';^
M?0BXP)X&E";KV5F0[Z"&$CW>C1P9,EX),SENZ,%SY\L74#9D!%D:Y`V)IU"?
M(ICZE,T'+$%,`M&U`(B&@SM>MK1C!(L=)OQJ\".!P!X`?`N,D&A!MP68NW<W
MZ-U`@2^%OX#_,A@,@0&$PS\2_X!Q9HV"QY`C1W8LN;+ERY@C#]C,F;.<SZ#E
MO!A-FO26+2M2IY[`>L(*.JU9TYGM88IM'SJFX-ZMHS<&#'#@_!Y.O+AQ##HP
M>'C@YX_S/RAN(#&4H7HAZ]BM&SJ1@1"!)R!0%#IT`@4('D]B@/?RA'J*)T]2
M.'$4J=$A2I,P8=+_Q.E&&30SS""&"GZ4LLJ!J+3RB@$&0*!+!\!`8`<1'"P`
M@H1U@$`#,0L``"$`.P#1@1T0UH$2#06$4,V*TF23S38NN/"-"F*,4TXZ.)80
MP3I0@/21/4"@1-,N8P&QCY%&VF%D/VU$$$]/4.HD0`095!!'1E]TL0<Y$PG@
M8T@[K6.&5A%L)617+AW4Q@=M:!#B3+^TD=!/8;H3DADE4'1`''%T8Y0*3BC%
ME%-12<465%A\$.1,]M`0I)$C&KE``XK2Q$!:+4UEEI&*&E%%77B!L=>H@0$V
MV*F&'0:!8HDQM@9ED^%@!0YAP)J99*_>BEEGO)XQ0&B@E28L:JJAM@5K_U+\
MX,8/6TAQP1:ST>$!';KY<)L/V.+FVV_"'>=M<<DMU]QS*`A"G7;9I4N=N>4%
M<T-W@H!@80<0R`O"$X+`!P`$^.:;"7[XZ7<)?YT,(<0(+OA!H($('LB@*P;8
MH.%!"T#@!0#``)$$"$``L/&&%0,`!`AO*:FA'0%!H"*+*[J(S38C.#!$GV)L
M>2..Z-29IT-7H#233$HRX95!/W]5]`)REI!%%E'VQ'0#&0SA0``N=/$%1Q[I
M9">8.RG41DMD?/72/1JT`42;9R/]-=!`,&'&VSJO`^5/!1PP@A!#S/#%#'<D
MQ513A4*%P*$(U$`Q$#68T`\;;`C)A@8:%"'D!_]"LV$$$&Q,!8:00;)1%UVA
MBKI77Z52$"0`J*JZJF*N.@;K&D=H(3L783QF*ZP#4$89#D?4_JJMNBK`ZP!A
M6.'&9[\&*ZQIQ*KFVA9NR*X%!R,HX<:TLTTA;6W7]N;]]]^&_UNXS#T'G73G
M5L==NMAMUUUU*(0(00?'F$>O+A``@0(*0-````HKN9"CRG6"^0!,$@*S!,%N
M$``B[*`#`;@2PQJFBH<Q2`*O0$$28"$!*G@!!;'P8!(PF(0-AB`$$@A!"4$@
MBZXL8V4LJX;+M'&#$>Q`!$)XP`QLAK.<Z8A'7WI'#Z#`!#)`H0=1((,2>Z!$
M,IB!"7,B`Q-^0L02]$C_`%=H&I2@%H`ZB,`!.K19EX((D9&\#4]7..(52M!$
M(SH1"FE4R!KG!`4E*NT*6>A!#^(V-S,TX`!"\*(0T/`%0`EJ*80JU.`6"143
MM*`*:E`#"4Q@@J>\X9)04<L"=F`'$U2AD0CX)`):(`,3@.&1H`H5J?Q2J@V9
M"'6J6]UB6B>9,'R`=E;0PJRLP(4CX&`-O+1"&&3E2QPH@79'^(`P@QF\QPSO
M5SC00AVLX"OE+>\%IU&-\R;P@^E)H0/6JX,#I.``+G3@`E)PPQ$ZT*P.'.%Z
MR/G>ML1W'/*-RSGEFL[ZU,<^=!'"$#&(7P=R08,=T,!!'3"H$#[@BUWL0`@3
M_W*`00."@DHD\*(#VT0G&KB#'=0AAQ.D("HL:``JA-"D5$A"*SHH`0R6U``M
M3:%,9:HB`&`AA2>,H0QGN(T$='0'1$C`#,C10Q^N@VE''6*/%I)%+.))3$Q[
MVQZ5%@^%+`0G2.61&;(01SQU*21+:\`)NMA1$23`!3=HP!5RT@XHS*D'7)6J
M`*"01P$L9"$)V:,1G[I5*[I5CB6XPAIW=@4S#)9.<&-(8"<RQ)_,E1UX"HH0
M?LH!"[#`;X,*G*$&5X7!2:6S3Q$E53B+@,=IH`:AG`IHV:*&4+ZA"K!-)5Y&
MQ1=6`@8(=2CKOE(ER\4T!GA6^,`OPZ`%)2CAEL5-IO\2M,`%+GQ`";'C`G.=
M:X7E+M<*S71F9^00S;+B('FBN28VF[>:%433#720@K.TX(9<QHX#T2L&!QS(
M`?8&1P=P`!\]ZZF<\I$+??N\3C^O\\_N")0&-$`!$2K&T&`X"`(`^$6#.]"!
M#W!@0Q!8A`T(<,"`9;0_'.TH!P)0BHB)=*000VD'&10+#,94A"6,*0IG?,(:
MVQB&.LW!#`O0TY^*TP5$+:HZ>#3%/"DM"WB":YZVVB.^LE6//V'(4Z]`!KA.
M1"$)F6N5?=)'+N;6HQU`0T>H"EFW)B2/.;'K$R>2)RACU:]*V^I$$J)$+TT5
MR4@60!ZI6$<R4-$=.?&S77O_9$6EU6VR917"#`+UMT1&A9&A!.U4)LV628]V
MTG2I-*47V=DWC+(*COQ<7FAK6\#PHJ,FXBVK?)NKR`1WN,:5;AABM]PC[."8
M6ACF$9S+A5Q&4PNT!MYEGCD`''Q9"5:`P0M$$]YAD==YT7/#!-1[`7$J@0/D
MK(,;O&C..BBA`],+CKB]MU_^BLM\^4R?@/O)'4*DP!'QZQ\->$`#(CS8#@Y(
MP`>$0`0$?V`$(NB``RP\T.@\@1$=IL1^-,I`!WYQ9B$]L0T6A-)6E+3%7NA@
M2NL%``V,L*4UEO$)DY!3'.MTQSVN`PWPAH<@"YG09$`:H*^:A2:/J0TX*:R7
M</)8_QV%C0DO46P6<$+'(UXU2GX<:VZ)@+<9=$0A.\_3T'^BQW<PS6PX[U$4
MD)B0MVG`B4^",AF\LD8]PC7J4`];V(!@1+H^2<]^UF-#VG%HCU+O`2H@P"$!
MI]E%IM;25-&TI5O+%A.PH0::9DMG(PW;*C!.U'D1G5Y(5RH@=)0('8"EJEA%
MR\C8D@MG<*]TU?G<Z?62"TJ`@7N9^VII[MH*PM[5=KLK`AS`(#3B':\V50,#
M+70@G4<0@A8<(`(B?%/;1^!`'>H@37<Z0-SWG6>YAV-/=`.X?0,F,!*JDX(,
M'!@(]*Z8'2``$!`!H`XH8^@^("0"E:,@!D@X>,+S\^&-TO\`@C,82L1/3'&-
M>^%"(/!_*'`8%V,'`"`R/#"`6+!"`+A"]4)R)A=#*'<#"?!%8314-U-4[+`F
M],`$$1`V6%!$0(<%#;`I9#!T9-`F3(!%6(`%;1`V2O(24``!*DA$+DB">H0G
M35,`&=!`,J,'`C)F6=5F3*""6<`$+M@`+D$&+NAG*0@`3'`+0-``0/>"5]`&
M&+,`>"0`3*@!'HB$+0B#&C`/2M0FA5408:@0//<V>I(`0?4`?\)HF14XC$0"
MDF0$AS=),G!X)O`&1E`#ED,">U@#0<`&2A($?R@#2E$%2F%XEF,$!W%*=C%;
MJU0ZIK,+IP(!<[!YK=)YD+$&TB7_.TH0!L<U.[E4:T>@!,!4>KTV7<6E2ZV6
M&<_$7<AV>W(`7KGW;,5RBA]`!-7C``Z@!2*@2]$C`DH@`O7%!=KF/='7+=-'
M??UU3]#!+M@W8.VV?8P0?Q"P/_=B'D_`+P,X@$^``OL"`0FXC>3X/_%G"!PV
M?XE0?S?@`D/@`@2R,*8@<:?P,"CU"EMQ#^3'28J2"_U6,30Q$^1W#PR%$AV%
M!3F58RW"4S?P`$-0!J`@!GF0`0T@9.9`:&OR`?>`,1_@D0;AD5WAD6WP1/O@
MD2+CD;BP%13S-1YI!T2##QK09`W1$V\3`2>`!C/3!5:#-3S7#C$7DBU1D%VA
M)/OP,REY_Q`G<0_\X#.ZD!!0D)1/B9!,V14=4I`&F)0?4)-S95=>`A01^0!^
MHC"8A4B:13B3A!9D<RED8Q8T40=LD)1>H0LF@90:8`)523;WX#F@0XFC4VJ"
M@2J\U5N>:#O#9`7"!(K(MIBR,EPX\!@X,)FU0IF/F3O9Q2MR<`9A<'O)LVS-
MMCS9M'LKP!IN<)K'PBS)X@`_(`4>H"QN(`43,`)N,`(>`!P^T(S/2!S5]U_Z
M5(W91PC5(0C2,0C&B2_N\9N48!V)X`3MV&$)M$"?<`<$<@<%<H_XR&(H)3$/
MA`)$(@*^8(#!\`LC`F$[\!8'I20$10,,&8$L,X%?@`>?X`=YL/\'-Y"!/;2!
MBO(6--%O2E(3'1,B=,6!<+D/1*,5E@<36O$S2K)7.X.34*,"?V"=7Z`'>_!T
M6K,.;7`/"+85$F9YN;`+_]EQ==D_=L`!]Q`0_)E&FU*@!H@2,`&C2I(H0O(6
M0-`0-RDW=?,'S>$'?W*6?*=(A_(4*%$#D',02L@/,FD2&]H5'6"(]/`!C,,/
M;Z`D2E(#F!.)LD5J@CF8J8,8G/=;EO$ZNS89"A![N'*FV24\Q':+P/(9XC6:
MI!D;K1$M=GHMVO(]N8E?Y+:;XQ.-Z$:-Z))][".<UF&<D0"=".>.'J8?TCFA
M=S"AI("=$E=Q)F4#$B($/'`0[H>BY]?_4"@Q@"32%2B@)!CC0!J0`^[)(A,8
MJ9!:GRY75!RI*&A1![KP"T9"!!^I)$?4!F'!!!1S%C#1E3`:#$Q0*1;2H$L5
M)3T0H1,ZGU@C$NL@-,`P$[B`J]:Z"\9`"T5H$AASHB)J(0?!$-[:``?Q"T*C
M*%6)$E`X$T'3H%84=260`P?@JGS`!PHCAVC9=Y56!492!(!X$$60)DC()DFB
MA2V1*"9@.`!@!.Z*!89G.`OP.9.X`9)76Y;HI849IK&(&6%0.VL:LI5!;)OQ
MIKFHBZ5)IW5ZI[:!I]CR/>+FI]!X;KZI;@%&J-FW'8;`J).PL^X8G0S7''<0
MJ7<PJ?AX"I;J_T&EVA4/M$DUBI0=0@P;@C'ZHR3*MR%`D"(.^9`NLPW/,;2P
MBI\XHY_N>B98>1!*N@!,D`5-"J,$Q2@SL0_]0!/]T`#P"I91XJS6^0EBE*$E
M\#5,:;8)&K=C03&)@K8'D20NN1!H<90'.PQ`8GG\:2;O"@1X0F@Z6J_.<:_Y
MNG>.)CA#2@(PVA*CNP!F40-F\16_8`>&V!(?\`82:R:)NP"-P[I;6HF62)@;
MVXEB>BMG(++`JUTD^Z:A61IRNGLJ*QMV2BTMFRW.RXS!(;-_2K/X)*C\A+/9
MH;/:N[W<V[V.\+,"\ZA#*ZG[1T$DU0I.0'ZD"@P'$1ZG,S)9^#\=D_\$]-!0
M%M*0#MFJS@&V%RFV.;(C5W`X0'<D8S<3;1,D)SDF1P*L7-$&0O,H4"`I-^H5
M8Z<!>,NL>@NM'2&M9A`V"_P576$V]9"X8Y>XYDH/0M(&@!LD.0$%1C.%^V`3
MP.H5;?/"%2PT7GF3.T>O]HJOAM1H:0EIE],5B8,DAW=:6`H&()R7+]$X)%`%
M!M$Y<]D2>(@YD'>Q&)NQ7PJFK=(8P0,\L8>FP#N\N%>\QHNRR;N\V=.\V5(M
MVA*STMN;^'1]@XJ]ZN.]VY%P]\&S"A>^00NIY$NI$O<*7G!Q&$3(3K`+&Q0+
MKF!2*I4$.1!C*10+.06!J]HR$/FU=Q"V&KG_(^P`P%%@9FF41G4DE5D0!4,'
M1VYT$&00`7@2!5$0`7`46(55<WT6`6REPSV1P7S+)1DJ9T4D)DZT5E``RV1P
M!5%06,FL$$,7!1UL6'6T$(/&9&]D)%06`7A4S';%1G]E5TSDS0^:)W73PYT+
MQ'0XI*#E%+`E.&H`6X,C273A64\,2;'U2(V'2A2K2J2FQ9FH.JOF*L$+QL$[
MLB0+7M9T32B;LBH+&RSKLF[<&W`LLW(\C;]9QX5ZJ-LW'MK+QQS=J`O7'T)+
MM$9[M#;@"H5<<0SB!4G0``T04RXM8S15<CBE(OB;8_K[JOW;R9@[=Y!%)XC%
MAA)!)SW2)D\595+F_U67"T17ILL0$04"$*&@H,%9@W8ZX55AB61LUM-6_21>
MY0YH=F6)I<(ZN'-=+29M)LW;#`].S</-P;D_/(?G#'AR/==T/=>+UWCW+%NC
M-GE=2@&$Z<^LT[L#/=BR-XLF&Z<)O=!JW+)NG"WZY8Q^.M'I%F`W:\<:[;,=
MG=E`"]*`7+3E:[[G:U(79U(L]=*F/=,W5F-;JV.9O+^;S$-"M@Z>S!-:)*]R
M$S>X+3<]`<M0/;Y_T+?R.C>Y'2;"/=RT'1*P/,[W5,YP_6B$4]?0'=V`A]?Y
MO-=\S<_]S(FS)-B$W=V00<;`<K*DJ=!TNMB,[=AYFAS<(KW(`:CD8KWK9O_9
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MYR$[`&RJF<0+Z,BKV#A>Z/H%'.PMV73,Z(T^Y)`>Z?=]Y)3^V0USZ:+MY)J^
MZ5*NVEL[@9K,R;&MX)AKYK%^ZL2]VZHNX:#@JF*^-1$!ZURSX6F^YK6N`D#Z
MN9LE>+I>XKP^B=:=Q<`>[)QWF,0^T'X>WKE8XX+>[.C][#W^C#^^Z/$MW]9^
M[>#KJ'^<WY6>G4R>Z9ONTN,^Y1+XZ:Z=!SFMD:1>V^[>Y?"^ZLY1X<'=[AB^
MY0T^Z_6ZW/[NN4$L\`-/_^(%;_`IWM=^S>(<.^P-WTS&;MB'C=!HS.S10N@5
MWZ?0CNC4>SX:'^38V_$>GW"2CN3ZK>3>WN0J%NY0GO*7O%-=>P/G?N4:Z,GK
M7NHS_^X=;O._[<LYG^\[K_,.ON\_S^;_SJ]P7O1&3^=(C\5]_=>`W<5[_O0B
M^_"X1^.!;O5KS,:\H?47/WT9;[.-KATZ._:,6O;;OM\BE?8F?_(@E_*>'O>@
MOLDOG^YZS^!YC^H/\>7S?O.M_O?W+NN"W_/P3NL\&O3F/.**3_",W_BXB^>[
M*_E.3_FW$O7#0[QFS#R97]Z#?MXO:^A;+]&)[O6B/_J7O<>FKZ@@C]\BS>T(
MPO_ZX.[ZJ#W@L>\B7MOR=#^VZC[F@`\()8*#A(6&A0*)BHM140T9*GYW=W]_
M>QD%9HF$BYT"AZ"(GHJAI26CBHT%!W=^E7]^*C8R0;5!;R2YNB0(O+P(P,'"
MP\3%Q57(52W++6#.8!O1T10;%-;7U@S:VA#=W3_@,#!G:VL*Y^CIZNOL[>[M
M`_'R\G(#<O?W+_K[^UM;*P`#`IQ`L.`$.@@33EFXT(=#'3YT2-2!H2*<BA@S
M:MR(@:*'!ZY>H4""Y,2)#"@SG$S)LJ5+ER9CIIA)LZ9-FP1RZMS)DZ<3)S:<
MW'`UZ<\=/A5BV%C*M*E3&P:B2J5"M:I5"5BS:M4:HJO_UZ\A<H@=2Y9L@;-H
MSR:Y0<GHG3QY,$682[?NW%"H1I7*R_<3*#.-'D4J^B</D@*D3)70E'=O7U2.
M(9?(P4J2G\NR:-G"M4N7L<^@/R<;S6S9,V?2JE7#AFT;`V\0P(4C9^Z=[=NX
MUPU0,(\>OM_\@OL3&-!@P80*&4YQ&#'B1(P7.4K7Z!'DJS\H;I1<B9+[R^\O
M8YJ\2;Z\^9X[?P:]P<>M4:1*G\I?*C6JU?M4).3?RE\"V/]E!3A66FFM]<HD
M>5Q2@%T,1E""@R5`P<ECF^!%H2>E!`:))&TIR)AB@O`5V86)@2*B`*NTT@IF
ML]AR2V>YA";CC`B,EDQIIT&3_]IJK%'@VFO>R#9;.;D5:20\O=%C#W#!\?,/
M<0,9=Q!R="BWW$/.203==%Q65%U(E8RT'4O>@6=F=^*9I^::Z.FDGE"4%'54
M4O/-5Y\!^-W77W__@26@@`2BM59;",:U8(-U64CAB"3Z!8J&@[5E&&(5*B:B
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M:L01HZH,CA5/<S'&V\@J6\<@]_U.KDGRBH_)+P!+G+`K%XLELEO.3#,&'X&)
MG78X1ZOSM#S[W#/0W!)%-)U&-X4TN>8NC5733C\]8+L&4AVOU5<_*,B](5ZH
MK^W\1A%!!BIVB,F'(`Z\:<&:'MP8BFI_JD>H#;\--\03T_W_S(YWPQJKWD-Z
M[/?VZ(ALSZZ]^FKXX2I3J7ASC"OK^$8UAWFS=])>WE+FFE\+=-#K>?X>Z*'3
M5U_22C/=Z5"GNM4%:FIN@0OLYE4VLIV-:_P2@&#\59C#B.UV%Q1%P3!8H4XI
M3!+,<QN,GF<JN5&L;JIY53;R%J2]T89[,#P'X'HCN/`U:7S%*1^Q6K:XYZAO
M?1EIW^2@U1WYF8E^]5/3_98B%/U]JW],&5V>2F<ZU(6E@#F(6NL2**_8R2Y"
M$]+:`\UVB"@(8'>]^]?O#-;`#(8Q4QS\!/(\M3`7.6P7)"QA]$PS/8NI,&,M
MY-@+8\@][Y&,229#&?F,DS@>HL^'_S$#(G4@9QV;$5$E1J16FI+()FUUSEM%
M@R)4_@=``0ZP:5C,(NO8XCH%'LJ+PQ-C+.$8P0F"S8)L'.,BXB@\XTG&@VN[
M0PCOB,<\SLB$TD.--%SU1Q9^PX6U(J3?9CB/&LJ!<#B,$B/-Y\AC05)FDNP(
M)27WK,H5,9/AV20GS\.Y_(&2?_V3(GZHN#0KIE*+[VIE%V-GKS?VA9<.+.,9
M>4=!@!6OC;G$%_'B>(J$K2TS=G2>,66T1S[VL56O`F0@?\`W:4Y39(<<7"(5
M*1#$<9,A+DM?),/II7$ZBR0PC:E,9TK3FL94B??+*7J<\(0G'(`%*GAH4I[P
MDZ**ZTY(G?_*54SIGSZETH!IR<%:6*"'R^#A#BRXP5FN%@$H0*&K(`JK6,<J
M"#-`H0$W8($?\#`#/_#A#C%H`!2B`,:$DK40="U!7N\JUD9`8:J?\H,>*D``
M&3#L#<1\V$1!L\<<Z<ANS;S>QC@638\:R1RU`2GX1'I#?^!0AP@YW\LD`H?2
MEI:ED7P`2/C`6CZ@(`9/@*UL8TO;V=JVMKB][6Q[RMO>^O:WP.TI#YXPW.(2
ME[C%_6E0^8`'/*@@*3PH;G2)ZP7J\L`+U\TN=K=[72]X][LH^&X2O##>\I*7
MO$E(KWK7R][VJA<$28"O?$&`@I_>H;F2J,`-0`""!OBWOPT`L'__!TS@`AOX
MP`A.L((7/&`0I-6JGSJ`@!E,X0I;^,(&KF\DK#I8)(BE`$8H@A%,0.(2F_C$
M*$ZQBE><8B.X^,4PGL,<&+"$'_UH#K!)@(YG)8YQG.''0`ZRD(=,Y"(;F<@7
M&$"2EWR!)COYR4[VK)2W(`4J4UD*6,YREHWC@2Y[^<M@#K.8Q^QEU3Y@"*MM
M[0'6S.8VN_G-<(ZSG-W\@`/4^<YVSC.>\3SG&,1@S15007/C,`,\^&$&!_CS
MG!>]YB&PV=&/9G2;(>WH/ULZT9CV\Q`N;6D_`[H+>IC!#*IZAPHDVL^>1G6G
M3ZWJ5KOZU;".M:QG'=L8!'H&7VCK6DT]_^M>^]K/T?VUL&$=VP-4H!6B+O0?
M$DV2)Z3AV=".MK2G3>UJ6_O:V+[V$(:0AFU[>]MG?H"7Z4#F<IO[W.A&M[C-
M+>YV?^3=[7X`'%0[[WF;^=[TEK>^Z[WO?O/[W_HVLPM:R]H\K+6Y"$^XPA?.
M\(;C-[`0)[C$)RYQB$><M8$=0@)<\*DN!+6J?A##=49.<HN+P>`6)_DK%@YA
M/\#EY3!_N<4OTX?+B*&Y,QB!!2J@!TI`_`]\F+G0AT[THAO]Z`BOA!\>D``T
M!%VP5D4Y+(Y.]4^=V=!5S_JG$'Z90EM@!+J^3"L2M(<]X('B&(=XPK.N\"^X
M_>UPE_@K7/ZIJ?]_2@QBF($8]N!V%9A]#WX?@Z&-\JF8&_[PB$^\XF&^AS&,
MH>R.C_PD)C_YNL_].BY'?-';8O>9._SS+/_4%R2G]=(KG.B43[WJ4Z^'UKO^
M]:?'`],'?@<5V+XHEU&Y[G]^G8H/G>""?;WPA;_ZR7=^!BRP@`58,(G`NF5M
MN=>]]*=/_>I;_^FQ4`$+F/X`YP:54+7GO/7'O_0`-'?\Z!_Y9=YJ>Q4$8`1Q
M4%A[L,^AU?NA"_CO0NKOG__^^]_CE(=ZE-=^[;=_R@-W7R!\$5=YP]>`#OB`
M$`B!Q0=]Z_=T>'!S;(5W&HAU1W<=$TB!I>=Y7X!?[3%W(5AU(_>!Z4?_?ASH
M!U_@`@$P`VY1@&U!=.I'=2M8?6]%>1ZH`GKP?7J`!VC&(9+S"G*7@TB8A"3'
M!P1X!S/@`D,0!\XE)[7W?4JH>T'W``$0?5<X?558@*I5:&L#=*[G!V5WAFBX
M![RG=">(AA>X@0$8@!"X<&9G:*UU@GB8==)GAFE8=@\G=`@(=U67AJ27AY;G
M5EUXA2J8B#<86$+H`&@`+\;7>2F'>52G>I98>IGX*?LW`PD`=L\WB8PXBDC(
MA-^W5@\@!$,@"97`?AM6A*.HA4!'BBKWA58U`D)0:'5G<9^WAI28=6FH@7M'
M=/X'<8:W=E2W>)IGC,IH>(7X*7WHAH((<8$X_XU'!W-NA783UWO:6(EL*'2-
MJ'6T>(6'%@=#((.6:(+@N(FP:(1?J'HGR(YKE7LNN'1H<%7O2!CCN(_41QCE
M.`0NX(Y!!0OGMX^R6(+\Z!9;AP=H`!)<B(?`9XB7P7A5%Y%\6(%KM0>51W3-
M>'B!U9'.*(\":'_QJ(Z?HHW;:(3=Z(LV*)(=.'X$&)/?-WDR69.V-W)7I7%H
M4(B2^(&K)WU?>'NI1XOS&!*'IG,S$).BJ'L^V91.^90^B7EBP'U44X`>")50
MJ858N94;Z8CO%W]#235Z\'_]9Y,JX'%F:9;Z5WPS29*6!R\T6'R^F)#6]X%C
M29:@-H%XR(T$-X[>2/^7@#E^#P<+>O``(Q!H2ZF/Z7=P#3>7B[B"G])^0&4!
M`=`'"H=^7)F9FJF/S=<%:&`!:+!ADU""M<=\FSF!6GF:3@F7[K=\>N!V(.=6
MVL<"H(>,"UF;"R=]*(F0)3=S?NA_[QB8X^=[5'>$KE-\=TF6>K"'(/F1BC>7
MPAF=O4F/#&D!<:"8K2A^Z*>'5[EZO)F#E">$#S!ZSB>=YED)70"#'%>!<,F/
M!QF=S5>8YSASKBB1W*ERN[F'5<>#YZF;%GETQ@ET>MF2*F>?1=>?"$IRS34$
M#A"0"7J>:^6)\/>@_>D'0Z"*[0B8[RF=1RD$\4>A(!JB(CJB)#JB?#`#<?#_
M`&60H27*B)>!!CO9HG3I!V6@HBR:D!L:G4$'HX,GHS[ZHT`:I$*Z5A?J=$+*
MB*R5<R-0!D=*BDPW!-\IG#D:G7@P`@GPH4V:I5JZI5S:A<R%!A/:I4CH@@$P
M!'@@ICGH@F`:H^<YI8')7$-@`3V*IG1:IW::H(%E@:(76+K6@A`V`Q8XBSXZ
MCU^@=';H5HAJ:&V%=<PU>'HZCSY*?^UA:%A'GC;HB*)WIHSHIL.)=5C7IXZH
MJ'GJIX>V?I=AJ6]YIZJZJJRJ>WA0!N^G<P_05H7&@;F&!F;:=3!8:+@6H:E*
MHD'G`B,PK#'H@ER'!VXW`T-PC^09AI_25FXWIR5Z_QFQ.@)H4`8C&%BCQY!F
MBFMX`(5A]ZRC5ZB;&@"""IE^$`=?IW,N(*JF:E7+2H\0AP8N@*MA!ZB)"@NM
MNJ_\>J=^@`8.T`%"X``.,)YQX`)Q,'IQ@`;F:`'IB08S@`8)4`81ZP*B5@8,
M"ZB#.@1$(`1"T`$)(&HNT*XB:[$),)XCBP>4B0<'BVME<+`K&JE^T`$<,+`=
M,*L5*VH+:X[PM[`8.P(62Z\N.[)2&(OF&J76=QD/(`(>VP$.0&@N0+$0*[(`
M"W:70;%/B+`Z9IAQ@+')AK&$-GK].K9DNZ5HT`$CL'0.T'0?*P1G%K`),`0C
M\``!*P1H8+<)0+`/8`$$6_^P2!NB?#`$-.`"7Q``-+"W`6L!?I``'=`!&K>W
MC1L`RG>W(,MT=1N),AIT`INN(.L"C.L`:/:Q"1``)]NV<@NF!(MF!-L!YF>T
MYYJ#2[N3`<`!`>``JMBVN-JX1/")LSH"<9JX'$`#I)N*`NL"?$NP:""V9;N\
MS-NB_]H!%O`'GB@$"2`$`2"PMLNW>?NQ(^```4`$(\"Z>>L`'#`$(*NITUJX
M',!Q,T`$%H"V%L`!X6L!U$L#X4N]W>NQJBBP-1N_YCJH(-M6`QN^`3"P`UN[
MY#L"[BL$\?N^%L"X(R`"5MH!<>"Z?TM]2LNTC"L$"OS`CHN]#+R[T.L"`@N]
MU>O_M/'KL;6;MZS+`0G`A<T;PS)<H6<KIW'@L1Q0PC1K?F`*O4YKO31@NU]@
MOK8[`QY+KB4:=+/+<2X@`@E`!+9+`P+[A`]@OPG``0YPO+3K!ZN[K-#[HW@P
MQ7Z@OQW;N-#[KU=\O=E;LPWZ`.#+`6BPQ!:<A$O'M#J'NG2;`%]PQ8<;!R`[
MPF9,Q1YK`30@OSE'L!ZZMN@[PXS<R'0I>VAKCF@+LAIWQ:#IP3JGP`E``P-K
MO#\\Q@ZPR"5JN/3JOQQ@`1<ZL'%,R,3ZL:L+=ET<!Z?\HS.;BV>+BXYKI6L;
M!U9ZRCI7LW\<Q_8+QW)<KJ^[G74\JV?7O7<K!&7PL:>,_P8N#+U53+XPR+<,
M+,57ZK%K.P-K"\..',[B3(X`Z[2=^[Z)&[Y.BXLC@,7>R[JK2[HAJV.B3**"
M&\]&W+@%&["G#,^-JV,)@,[>JXHW_+_.^P4.$,3%RZ`)'+]PF\7NW+T,[0"^
MVZ`,6L'&?,'3I[0=<(_-5<`P:,YRB\4T0+]8#+X?:\+02]$B_8E&/`+2.LXR
M/=/6)VJXBF:UJH4J6@9#$``C:[$]S;`[&<<J6J_?RG$_JJS;MI-^`(4!((5:
M.`1?P+`P&(4C.P-:"+$0^Z\8[;S_"FXKRI`!\`!=F]7UZ@(Z';%37:92RU;W
M.,=CBM79^`<+VUPZG6O@=K!E2O_6,$C6*6K4=TVO_\IQ&DW3ADW3E+IU]=AU
M;-78Z=J"HE:/B7VC%,I<!^=6^/4%C=K8;%5H0<=6:Y6MT"FB>HIKY&FI98"L
MN2:%+MA6].?:!P?7.8AQ?\C89WJJR%J.I<I6;P>JF,V!]7S8PGW8AUC;R(IS
M7Q`'&W?<__K4>0K.T[I^?_!P'$B00FA^FCV"9T:>^LI:M`RI19G8A39Z,S#6
M'`BK`W>2OZJ$G(I^[>$*GBJWAV9W6+>WNKATUGEHG]U<06>IP3W<`'[8G_VO
M.GUHVV:Q%E"O6NC)6UC8/\H'7U"C/5UH5:VL3WUF`/FQ"?O?0_JM.IVP"PZ#
M,'IF4'C_RECGGD>;B/,8QT+``1$;`#OY!5FMA1+>D!;PXK.*UMOFV0'>XSX.
M"WQ0!N0;L'*KSP]PLV:\MA+,WUO:WW\PNXWKMBFM<PR,Q?+;`2+0?4BLI9C=
MSHG[ODY[H==KQB-0!U<*W1FMXA$;L$1`NP'KN&!.T0RLS]=+O.(KQ;/\XWHN
MW)\MRW8+S67*ND0PN[XKP8X;=%Q:=^V\;64<T@/+N"Y`L(RK:UP:=$'7XBX`
MS=9JNQ2]NVX\NXH;T[*MA"[(N#?,QD1,S2?<XL-*R'D+IEA\LQ[KW7M>Z^/\
M*7Z\I%?,`0]PRT1@OFAFZ-UW=HGN5N%;HU(<R@_@SM7KS=3;_P'22]F9^]G5
M6Z4<\.MXP,TC(+QH(+Q;C*PH?LQQ[;&>F,,@:[N\'K&,6\`TJ\!%/+NVZ[E"
MH+RV7N^,/(]E@,4K++_O^[W`OK0$C.9"JFP=W,Z,*[?<7+U_8+M7C*5;2JA7
MS-"4O+84S>V#+K_X%>X.7GTN&+[F6[.WF[<!G?"?V+$T</#CFXMYB^CVWO(R
M?!E^+,5"X,D@"[#<=[<7"G8<'J2LI<"-"YJ?*[DC(+DY1YF@BX@/OZU"0`0"
MV]-1_J2J>+>I.+%_L.5.FN(JGNE1?J%A/N8!/;IU6Z2N'*M^\'72[O)H[Z^5
MD.L,NU8M>V@LVW442[$[/ZB`R@?O"_^CA_:$4BAJ;K?W,Y#:`A^DAU8&U1NU
M;@^QN9;<Y$VCJ=U6&J_FAX:P6'NMS775<5^OR2:RO`JHD9WVH#^VSXK*@T>I
MAC9ZGSW=RG;VTVJ'>QL2R5:J\EJ4+*^EEHT'9<J8>X_TLV]5D=^%SF>L5@7Y
MZX=SS66I$([9!X>.H=_\K#K\:R6]\V?9]2C:<%_LE,K=X8I]]`>I38[9?Z]V
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M0LDD%''&C)"$_*CL&&DFSI-`@PH=2K29*%*,'.9$-<,4SE,_>X+RZ<IET:M8
MLVK-ZF>6*UXNH7JBY-!E1%2(%M[\^+'6UK=PX\KU!Q7/`S00PPZQ$,?MH"\!
MZ(VB6<;"$*6']KKM^N!N`!>\YDJ>3+GRM;,JN_J)(V1$'!</7'1%_Q-ZA(,A
M#V:4(8UF1N`9C>/,8.W"@066L?&`1O-E1(>`>&:X2"`$S6,70WC/;MS4LO/G
MT*,?DNG']8,O=D5T""#$@8,'0X1T<)"`2(?MOAUT&)+`0@#U0MZ/'V(;(_T.
M"=`D&!]@!(?^,U@@!`U$6)#``]V=9@$'Z@4@W8,01AC7*0%\P`$:U9'7W0,.
M""'$@1W2P)YW'7`HGG@C(#A"`D,4:-L8,X@7WGYH6(`?![[YD4"'\74@'AH>
M"D$$&CY*:.212)84R@Q#<""$"\&1QP&#/OXGG&EHF/9A'!V.=Z$?-9Y7AVD6
M\,%D!S1TZ(`?+A`A!(Z_[>=A`.<)T9N:,?\ZD.2>?/:9#RD8N=!7*.1U."-Y
M"':798<)<'9B!X:]>1H1IHW@1QDCC&`!$>IE>:-O1.)GFX\=`/EA!WUTZ.>J
MK+8:CBN?9/0%<0+.9X%WG27@0@`))##"#+ZV9YJ/<G+0:P#!V=@A=]X%(.`0
MX_EX*Z_O-6L@'KY6(A-2@R#FZK?@A@O,0E_\X0(:8J"1G$W@Q5&&:&4$%,=F
MGZG66+R-W>5"2]6!)QIRJ7T&9F/[IK:ON@'CY8)H?*3TR"DP=27NQ!17/-U9
M2>E"KB=+/I*93(O%ZLM1764&474WX<%'12J[\D5%%7V$,<226&SSS=^2TG#)
M:]'B%52?-`:Q<'W_U8+1R15%E%%UOVCTB,JCT`PT2P',FY3..&>M]9Y(S?`9
M'FCL6QT:LE%4W7!"L$DVE^:LUM(7<?#VR0R^E!%:<''#&_>\7A_LPLLWV:3V
M;.OE_7!46R>N^%9/,_F`RCH*88&`DNOGH;!X]-==>!\.(<)IQ!U(>7X/-`HF
M<0KR.**'B[;GX0CLQ='?>Q\^P`%['E[WR^*\]\[5)P'4X8!H?:2YH($X_N<`
M#>+YT=WK#HQ`@P4TH$[GCC@6N&,9?M"WX(XB5,L!#0'`R<&"F9Y/1'@:2E\^
M^IUEY/O\]`-UEN<.8(@'>MIUP(&/F7-2!X"%*]]T@`ATNM6O3$.>&9!J_P0J
MN8\(/-2![HTO`7U`'8LX$+?HB<H"_G%`@=:SO-O5HCGU2Z$*"Z(9G=SM$_]9
M4`"X(YX,,J\#?\"5`XQ5OO=UR%'DP<.F+M2P_3S`1SN<@6^<-(-"":%%J-F.
M!;3S`!IHZGSG&P&='!"'G:SPBV#<Q]):Z(````D^]YG2@I;W(>(PB%+=20_H
M+-4F!V1FC6ER@/`@Q8'/E:@SG*G3;(B0@#*H9WDCD!R)+$"1<H7QD9!DQUD:
M$HK0@&ERI/F0=XQCF+O<Q3T!N,L0D&.8+]SE3!8XA>P,\Y[S56T\AED%;VID
M`?V-<A6L1$T<]L(7B$3RE\!,1T0:5A9'`&D^=/]#A=%B13>'L81-6P(%Q/RP
MHA.VIW&3V%TC@"86C@3SF^#DABU@U964?(9[MH!*P_#@+M#$;"&ZZ1G&0D,W
M3Y1!<#?IB#9W)S%*AO.?`'6&3WPQ"W;^+3C!*0/<Q&90FZC$)IEZ`%^(IIIZ
MG4(U+HA7&;^P,(KTK9Y1PPE2;B&6?@;TI"@=ER.$P[U:(*B,0QB!"]R3*`N4
M@7,S',(7)C>EO;B@4C/=D6=TPJS\;(<^9?SICAC9D:_HPA)3&:<V4TK5JBX"
M#RT:'AX,Z2L1,>@_^/&/C5!'GCC@!Y9GO=YY;&2!X*@13@+JU7^8)[T';,0B
M7ZF*5??*5T/XP@(60L/U'[(J)!#NH(R?V^$.0P.M0N+G0S;"3QP,Z)GH50<_
M!(14(L=7OM"0KZ^@#6TP(&(=E0W!BM,20AVV0ZFX<J`QM]*5L2![G@3@(4%\
MB5YP?!0C\20`1[_MK`M$)-KB&O<2=;F)"X+$Q_TDTD-E5-.IRM,KVWC0-]/B
M3%MG,*7]Q%94TRN1"VYWW/*:]ZEG<>F*4%.UP&0I`0%@4D3UHRG8^@N$CQDE
M5I4SGO;LTCC"&D+57`.9\QJXO&&!JD=0H93=E>(3'PNI'\9@64IHYL`8SG`T
E0.$U%&KXPR!^1JS,A+@0F_C$KV`F2%',XA:G0B<O<;%6`@$`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>48
<FILENAME>o68633o6856312.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856312.gif
M1TE&.#EAO@"[`.8``,6^I\W(LJE11MO9P[FTG,K$K<:\FYB7AOW^_+RYHHV*
M>'1U;]/+IM'-M>;DU*F:>.GEULS!G.'=R-+)J=C4NT1"1-7+JL'"P*>BB[2M
MEN3AS*"<B-/-JL?"J]7-JLW*K-7+KM+-KL_&II>;D8:*@Z.CD@8$!IV@E-/&
MI'J%B:BLI(Z2B>GKZ:RLFL/!HZVID\G`H-''J]'*K\#!L]_@T,_*I>GGVLW#
MHMG:S\[&HDI7:;:KC9NGK5YI<6IV@>KHTJ^SI[F[KKS%RJJED.3EV65@58^6
MDB$M2\B5@;IY:=7-K>'4OY&<IC5$7Z&EFWZ!>,K"IJ6JG<K&I^;HT]C)J[&O
MHL[#IMJUGLK%HM?*IM//IXHD'N;IVM#4QL[0J[RQD+&PFJNTN,[/NNOJV_3S
MZ_+V];*]P\ZCDLS3UY21?]G"HX&-EZ:GE*JGF?'OY=K'KZ*LM]_EY='/P<7,
MSLNOD5Q73M*JF]C>W\"VE%!+0EA@8L7'L.WO[]/+J^GGU]3,K"'Y!```````
M+`````"^`+L```?_@'$7@X2%AH>(B8J+C(V.CY"1DI.2<14FF)F:FYR=GI^@
MH:*CI*6FIZBG%15U&:ZN8*]@LP2UMK>X)RHS,WN^O\#!OA=[Q,3%Q2D^"RE!
MQWLI>CT]>@M10+4M1D9!3&$^)VL].D\'(VNXMBL+)T\J0?#Q00D)\?4$V$!`
M5?S\+?\`VPAL,X2-P1(E5CQ9L(#-D((/(S[$0+&B10PE-NC104*!1X]/0H9<
M5:$('@,H4ZHT`(,EC)<PL<B<F6`%!0I=;MX<,&`GSY]`@RY9,F##2P,C@%*8
M<<`'B30=HJ0AX.0$B1,4Y)`(L@:,$0(P2)``F^``%"@J>I"($F5/`S$-_T($
M"-"@P=R[`?84Z,`7"E\`@`/3&YR.0(8J/19DP(/GB^/'D",_WD%Y!X8%!])H
MWISF8YY515:JA$D:YHW3,$Z?QO+B0!0*06/+EGT!@Y4<5D:L:#&#9X`#+CJP
M.1'E1(DJ8L`$6$)!VP@O*IX0V$IB`8D>1IZ04`'WK9P/>]@FJ"M#!MX`!=*G
MY_LW,.#!A`G@25`K)./[]R7KW_&%\HL%3RB0V0.<=?992:*A5%I,,D&AVH-2
MW)!`&GO,9J%L<AP`@`A66$$`.P=TP5,53CC1AH@7]M0%4R?($405)^RA0@!9
MW=1`$$X<<,(08!S@1'=VG8>>>NRUY]Y[\"6`1_\;).R`WY/Z[;?#"Q@LE%D:
M!':FP(&AC1;!EV#"$,&#I^5@YIDYW&!F!D"D")0$<$K`$YP#/`'`F5)T&`,^
M0!$U&VS,[703#CWIQ)R,W(VPP0%/N/"E`25$T0`(==E5UP>8^D)DD1T<*=A@
M>(R0QI.DYM>8E/T=(&"6FFT)VF@P1?#2F&26B68.(IAY`P`KO#FGG'$&*RP.
M)V`@A10UX!H#"B(4D,8`=$([P%"Q44N!&#S!II.V51Q@P%4*0$%`#W8ZD4(/
M*9``!)!VE8<IIL>N5Z2G`!@`F`OTA+2`DJ7F%Z5CE>VP0!H'$)@EERZ55JMJ
M(F#!88<06R'"Q%(\$47_L-`*JW&P,RA0PP<3HX!"#!1O,(.PTDJ``Z$J#R"C
M#S[T]A.AL.UQ@A0O1*%'"V<E\,0*)X1[@PMIC,"+<0!4*N20FP+0J:<N`)!`
M%21LT"]^7YP:)65##/S`E6EPN6!J"Y\FP@T3IZWVQ&"<T$85&\?-\0HNU)#L
MQ+@2,`()3\08)PYTME'""0W(&<03*2Q0@A.S14'`#4.<P!$65D20Q@E,/(%%
M:@FD\(0/!X"QW0Q!`!&`&.>IMYZ\]`)614A#/'F`DZ3^2]D&3Q!\,&@*UWHV
MVF>OG3;)-1BP@10?I$$#G,O+'2P-*T0Q`<G+QI!`.R0,44\48@0KAKE3)P#G
M_PB-1D"5G+&M`(45)6QS@$PWL.$4'C=\B<4!;"SP`AX+^-"#`D4[00*6QK1-
M/2TP]@+".L22M1?H8`6DHL._`!:2KQ%(;&3SW<2`)[P)J.T#-=A``E!0@Q4`
M3@,2T(`*X[1""="@>1(0`PD^(+(82*$%0`.#"#YF!!(8;0`MP($*#M"#%92`
M`G":@0]6(`42'"`(LB%!!W*`@2",(`$WB-"XI``#*SP("U"(0'`(\(06*,`'
M&U"`I((4@`_<175[F=>1$@`$OJ4A.PHP0+]LMY`%?"ULO"L;!X67M@D8TH,U
M.$$&2#8!WCSOA9!\H0M52$F;U8"$;*A"%U(``)%U0/]_.2A!%\`!A#U8H0<C
M@-,[JF`$%SRA!U`,2A<.(`410&$%1BA!AT[S!2A@X4%A5`V8H+"!%>BM"B-P
MBPSJDCHXQK$#+W&/`1)``B>LX`!7\Q=D=J`1S%P0-!HDI-H\>$A#BB`!&XB!
M(:T'!AJL"$<HI&0*4[A"#=``!PKX@!2B`CT`?*!Z_[Q!__K&!#R@X`5!6)X1
MBGD"%'Q@!2:4UD_,<JPT/*&6,ZE?%N$7`2R,R4$W\.B8JK,"!8RG4FR<2P$*
MR"FHB44!B\FF8S"@AX5420]Z6-0#N!1.<4ZLG(?L0!IN8+<=UF!P1N@!S,00
MA1E4H0U`Z`(-@(`#&MA3`SC_>$)"#G"R)R1@`B2T&PJP<`(`U"`*$$0!/E3)
MA@1\(`<U*,`)X@04$D`A!U+X4!HR$"&\YNDV-_#B+X7I(!A``0`;Z($*Y(!2
MI>$%CBTU$@!<T(*G@*$%,842&:N1F'*D80-?XVE@S>13$9"SG#5(FP@G<,D8
MV*T$UVF"=4XP@A'0=@%"N,`"+J`!!ZQP72)ZX0J:D0"XVJT&U8N"$79@/;C!
M*2,N@&L,3H"#"W2!KB-P`8=$``;MY.DTN_Q22`?KH#%%P)=00`H)Q!`$7^R"
M+G.100S>J#I./2UJ]2)`"0Z@D*(=P&K[^\(&+C<$#&R@(AM(,)>P@!O2KNVT
MY32M_R&1VX(2(+>U->C`!ES@OPYP>".)&>X*2#`#%5J5DC3PK0:`D#@]$(`!
M)"39R'"8!A$`H`W-H\$%TH"L/1Q`*T\X&9S:4-P.0<%_#98"7K'`!LR"5)!#
M*X=(%)`[()Q@!L4:8`$-R!ZG>2H!L*WI$_3`*#VP(0,O>,%$**)@T-0R5[AZ
M,%"!:MJR[%"=K)5!&@`P@8K=H``)`(`"2O`!%Q!`!$/8`Q'@1$D4TT`!)^D`
M".<,A2&D]@-LN*X+)6`S(!Q`!4!P@0%6T#V7D6#$L/VO%SN$@@)$X&<CP``6
M-4IK\I[EL`2``@P`T(,T^"`!,QB!2IWYS+\<\#U2HP<0&/^B*)CN`,UJ+K"!
M=PJ:.),6PA*>L\@^,`'@L'9ZK"5`&\"*W`D?MP83",`$V#`',32!!PY0L0H=
M0(,TX!D%$^C#G%UKR#;L8=/VY%L0<+"`(>3`!4Z`$PYF@$O@F*D&>2I`+>VU
M@CDX80$8(--,!GN:\WH<"BZ``1X`\)\@/'93Q>ZR-.DQ'_H0H`JOR,"4UKP!
M+N'JVG..,(3[,`("E%.=-4A#`?#-[77&0`;@G@`5VO:$$0!`#ET@@HKCW045
ME.`A+RAZ.6,\@1(,P*KS',`,W)D&N'Z@!("3``5*D(!F&?18.2`K1_1`79X$
MP0C+3@#9,KJ:68EI5A$XP`)FD%+_EMKWV,B.3RU>D68ULYE+!;AK#O"<\\J#
M.><N4(!\)_`!!NB;\QS0=Q\8(`,IC'@-0AA!)E.LXA=>``AA`,)J&7#(&C!`
MG01H@55/C$(:#""?(WM!">(DAA*DP0EC.<&`3V"$,(1A`?#P>DU.O0"G@_3Z
MOKQ!:38'@-`Q\^3RLB^]0'4+5_AGS5SB&[<96?DY=T`!(F"D:SDP@2%4H?-]
MB`'M#<D`!F3!D!S@>;1'/E#P`0!0!2I&!)FQ`IUQ`D&03T"%7)@R!",@!O&T
M0C0P0S04`RUP,7^#`V)@!&NP`M;4*P-`*$:@`@.@%5#4!4[P!!CP9!J7&F'T
M$J+#!M_7_TPIYV5SE"2V$'-I)FT'4@$D(%W,TGY`]0$;P&?K9$A]T`<RD`%I
M4#<Q('KY]H18>(43$'K]IV==$&\.<`!(-P%9(`,&4`"?IV\QH`8DQ``U8`6D
MUF@:T`4KX%`B4P)ZH&G"<C,%D`,O\#,H&``T<P%MD0(K`"."Y2"4<P,CL`!5
M``1@\!+4%`3DL31$LH-?!A_E)W,SAP%U`!HB(#+XAFY(J$XRD&8?\(3YMHJ'
MY`(K4`#]EP59@(6TF(5I.`$%<!PI1F2D-P%>,`']UW^&Y`4AL$[_A`(CH`*[
MAT(*X%H?`P9.`$/!,@]OY@(+@"U`$6P$H``D8`1=``1#$%)2`/]&-X`'/K`&
M+V(5L3,<W1%?X!=^*N<>/KAXC.=XG[@*&'!<(Y-S^P=6?8!.(`2%P+B*68`"
M%E``&T"&4%B+#$F+9,@`']`"04`$`Z!("5`#%B`#60B`MX=G-7``*3`"5^4$
M0!!L&&``.!,.01!#&2,G!]`"H2@%45`%00$$6/0%42`B%``<9.("Q00&6>$"
M5N%#0!(`\T5?7"99GZ)XAF%^!7:/18`%(,-_.8=OHU>&(A0"HJ>*JIAO&_`"
M,F`!L^AY#5F+P*B*'_`"+;`'0*`"*L`&`NAY,H`I$P`&^D=[)9`":P`$+V0S
M&[`'0I0"*9`#Z&0$`V`$)]"2(U`"(J#_!MUU`2HC)S@0!"\0=U'`$TLP`@4`
M7C,1`0IP`C0B!HSU%HUE'DA97_.">)KX@^:G9E!Y=`.)A)\W!!D`A3+0?USY
MA'/Y!!\@`QR0!619EK4HEU78!WNP-R=``R<PEQP0@,$X'4%`BCZ0`B766]FE
MA!=``R.0`LN2`[I05@H`+7(P`E(P,M8(F735!6DP(17"$ZWT11Y%%20F!B4I
M!NR2@Z=Y>..G>#&W`T-PCW4`(+#8?I\7`AK6>?Q'EEJXFQC0FP]YA<+YA,68
M;[[)`"#02$%P`DZ8;R&`9@<P!T$#`WV&?+TU1%;9*^L@!=,#`[4U`72$`W2X
M+'9C`)?Y-Q+0_P6:1"@#T`6,:2:+>!8R419%P#<D$`"C62FF^4:&%X_RN)I-
M"6WW6`%&H`<!X(:'=(LA((O)@X:C1Y:X^83_9YR-,HMG&:%/:`%4`(RXV7]0
M\`(C``0CT`8G<`)5D8RTE8)S:EMR$&]6<3.-E`(G8$S(A0)`@XPC$`2&2$*A
MN"<;(`=IAS'0,@,98";CJ":W05XL@04;,`).(`?V68E"@IHME8DN1X]H!J!H
M<'<E0'E7FF__QP8^UY`0V@=E.`,;<)MF:J:&U$11D%!R,!>>.IXO(#\]<`$.
MX*FLYP`2H!5Z`#1=@`-.P(03@!)U&01RX`-.D%H7UDA`@#'1(@%1T/\",'!S
M9K)+,T@`&*`"C55XD)5RJNFDC'>/"[`\J$273OAYA@20HU>69)D%$Y(`?6`!
MN6JF,M`!*Y"=\29U<$*'@JD#):`"5=5;O>5;8N`4"V`$K_<".2<%HJ0/(I-:
MIC4$*[DQ@$,!*G`"VG4;<39>P`0%"7"-C16JHCJJ2UFJ3WJ/>9""/5`"^*JF
MN"D%&R`",A`"*,"O$R!?+3`$3ZB@`]N0LM@!@P-5.+0"(S`%F^1T?3`$R+>G
M\^8`,]`0[9`"49`#6G=('W`])T``QXA<,3`$+3DL<'(!)*!#*GLF'$<KNV(Q
M=.%8C\4TAX=XR48/FWB/>C`'/@`$)0!C3^C_G+37!R7@<U2`JPWYI0N@;OT7
M>K/:M*H8>OI6`'L`;`5`/C,P!#(`G#+@N230!5U@,[35!$:`2RL``_\W9Q\#
M`!A@2/^$!7O0`E4@C1I#AW="KK@R6%8`:"X@$U#;`X07LTHZLTR:>#;K"O)J
M3W)0`@6@D5W:N'C`!A,ZB_SJ>1-``&#0I6>JN;D:IA]0!%9WF_UG`;>W(QDP
M%QVP!R\``$]@!$Y@`:D(5,#9A'R1/P<`21K#7B/@+4J61>7:(6:2!B35$4_@
M!#W0`D?*MROE3.)'JJPIK_$&/02@BF09`A]`2_OJO9-K2%D`!@K0`?MJEN9[
ME<"YM$<+D=U8`+_9_[A':TA(-[L3,`,DD`$0V;.H)90GP"@IT`4H-$]Q`CTO
MT`$<HATC,`3'LEUQYP+#8015,`/!*IKWJ8-[X:ZJ&;@_J,&]-0,OL'_"*`.R
M=KEC::99$`,'D``A\*4M+)SY%HP?H!T)0'K[!Z8,H)7]NK2D=XM4B0((UUXJ
MX`-[$$\NE&,G`#QLT'0XT`8;0``O0``,!C'B,@2#XP0-<"WKFJ3#EI1*B23E
MI\%@6`(!T`<-@`)98`'H1(MR/)S!V0=3",.Y699_\(1_D,O"&8P<(`,'0&AS
M[)"'1`4>&0!.D%"'W#TO)$\T4`(.!0!XAT02<'>)4UQQQV!I$G=54`)BP/^[
M;T$I8@`"H&S!%PR]-FO*\<84+I"1(1`#=3B<_%J+X+BX`FN+N,S+N7K&V#O,
M&WFT(2`#-?`&-?&Z%Q"Q*-9[)?`"92%DD7FC),#0'[(`+1`+Q51;7_L$,@`D
MRW2:HKR?Z;P*"P"&\0:M`&`!'.`$"4#"+1P$::"1#'#/^MP'NTS37+G+O'RO
MDQN,_KR1?5`#"^`$0N<%!P`$&6`.GXD#<IA"+A,$W4.R[(5*7?`B)B<'.H$Z
MGHQ2[PB/SQNXI:K.8*B=!'`]_9NY^#RKN7P"+["T]XR%.(W3-#W3<!VA#-"<
M^-S"G!L"+E`"=>0403`$=P%F;:`"]-1H<M,\`U#_!8*H%-N2%94"%W(ALUS=
M.JL)UO$V!8]&37B0BK?,D!"*TPJP!WT``A9@`6]]VJB-VKH,UZ7=!Z$7`EK9
MTW(,`CDP'YEW`4,`5B*3!6<;54IM8G>@%@-PQ,.R,HS=$\QAU0V@`F[1`,M4
MSL[;U9IHV?'&!6V0:R,F!7]@UBP<UQR0PA8`C*:=VN1=WG&]E9P[TRVLIA0J
M`V_P!C&0!EV@L60I`@0`S'L3!2@D!BL05;V7@5@!&W%"+=G2V$NA`X/WJ="]
M.OK9I(1!W5,``40`IWJ0`B(0>K@ZWC9]A;S\!R&@`"%@VIX'`G-=WJF]VOH\
M`7_``6+9UEOYXA$:F_HF_XLW1`-1@*#398@)T`&*300:(`:!VCPHA&5.`%M.
ML#(ZRM@W(0<^HQU]LP>@',KN"M+T400B3=*7_0,0@`,C@.`;!H4,H`548-,,
M^0>F'0)/H.*TBN(FWN8UW>&K[<\*ZH1B"0($L`<.H`)6@`(R@`)H-P-M"017
MA4+B:9\9V@:AJ`T+H()B=Z@#T`#K=1-=``6O"X.)P=Q&*>5>_*Z":^45,-)8
M/@53X``XD$MO?`)V:==DONIFW@<?H'E_H`2E[>:T?N(VK=YW79;]S&TN``9P
MNH)E=0`?0``JT&@IULPJ='5#$`4'\`*UA`)6P($;,,0$XW4R)`=#00%*H`($
M4_\=RI`"!#!?,1`#D$6S#DX`G@[J#@`!$.``HL[N04``*6`$-=`:>Y`%6H#3
MI;WONRRP(1#,?1`"?]#*M5[PMK[+]\K=M"B+8\D`N*-)#A`$5T$",2!*OD4H
M\F95.!`%8WA)(V.4.Q1'MK0!V%@H-Y$`1@`&.K`,BH.M'4#NY6[N2%+E5X[E
M[![A.$`"34`"I7L#*Y`!L*T$^C[>9N[A?Z"A(:[AJAW7!N_F<;[JMB@#)V`-
M';`#4E]B4X!5<C`%`;`=*H0#!W``*L94-YH!<ZEMZ)8K*(!7KD0!1"'IUY(&
M$6``'X(':,6-S*T7H@RX2)+N8-CN[OX#4\`%4Q#O8,#_`3Y98,8$VP)_VK/>
M!RB;]$T_^2=>TPK??PD0!2F@`TIE!#30[J-.!$0``:PW!=R@`@[@XU$`!KRE
M?"]00T!75$75I@NPLV^_Y!!LR3#@+1T@*V?T!/ZF]^?LX`G@]W\/^!$.`4$P
MM2)D97Z8E8T_]!SP!P2P`=XKUV].WFQ.^7"M\(L[`3"0BT$PZJ$.AAJ@?&(`
MAE7`!HDL`2=+NZ<E`B]`@E:0!E!T$\Q1P!A@6"T`"&E/.S`&+@`'`06+!1V.
MCP"1D@`)E445%0L.FPX0#C\0H1!S)VD^E"0C%B$N&!@=(1P6?WT6LWT3)UD<
M?QQ]OW_!M,+$PB"UJQ99M'W%_\[%S<W#P;\A%GT,#"$=+41$G)M3X"M5-`X:
M#F(K%YL%;`P3,1,,*#$Q(A,B^B)2:CL^08+L$=-E!`$#4+`4*I&F$(`G/3HP
M6O2H0X(@"29EM(1)TR914T1!(++"A0\%(PZ,X,!!20-$0Z3\N0;,P@TC63QD
M"0%-VC-FR&9>4S+KIU&@PGXQN%8C0941>[Z!F^I@AM2IZ`*PZ6`!Q0=Z^2:(
MW2<%18043TKU&,$&2X2W,.(^`0/CA8X%*494<>*D`X`J58(L(*%`DHN-"2YE
MZL080LA0#HA4B4*"S9,$*S@<8_D!0)H2'VPU\]#!2)`8%GA1^^5SVJVD(4*`
MB`$`2O_1H\]8K^Z3A4J,``M4>*-*]2HX#<B[/'G"((N,&"AJU!`[5M^-!'I.
M6+EQUT`$MW"AO-@0`8\!`Q@R*'AQ@,0"/0H4?,%`PL?D%3Y*<,SD2:3_R#[T
MX$,*!I!`!4V_^-+!"0=TD$46N!@P!`E/'"`-:ZTU8P$#OOC$6Q;UG8#;B+"!
M8($2+D1A#G&>$(?5.43<L<('6LCP1G0?4+</"E*X0``44D@1400W0-$!%!'$
M98`"!,0%0Y+G`8!!`B088L`33>Q`V!=X*)!!8AU]Y)](79!P@@].5`*&+1OV
MHDP6+I1P0@LRA`#A!`1L<&%KJ_5)3&P31!,--<[P:11+%K#_841_+C:Z"3KG
M;-+%`@DP\$L\U%67@Q56Y)!#"0=@<8.H;T'Q9`0;/-'">:RZP"H`YY&@PP82
M/H$'`<NUH)A'8W8"2@!&H'7"$RZT``('6FBAV3%"0<$&!B]`T0`("6Q`C*',
M\`24!1FL,,2!HEU[%+;!6&`B#"?@X(`?CK;+"7(TJ+`"%ME@&E8^(FR:+Q89
MW%!D0J4F&8$!*RP0!0!*LLHJ&#H\P6H&YAG`1@^8\#>F)U-,0<0,>NC@PPA-
MJ,H2,,$<<^D?#23PF0$?E*"MH,\4$`(NR.SQ!`'`P)P;R;CQE@`0H7PC"B<M
MNCM5"T]`86FF.GH:0PY!WI"#OZ.*__ID7$EZMD`&"BM\0`\'=(V'>0I4O,#%
M_4'@!PT]]&#$&DWXP`8O((#02X?7T*+M!^H]`0`(V<S"P<M_A-"``@?(9J+=
M?6AK8A:I8;BG;L2P9+DL'"10`@[_3069T9S,0"<V]6:J3P[YZF.%"*)2?0-<
M<,6U00NP=FU`&@>\8/MY8%I\\4<.&#'"$P'Z@$'/TMAB>+$CC.`"%;L\6*ZY
M!0!`NA8,4`$NHAXBR'.&;(;/P0HS=-+BT*`3M\<)4CR8(PI,5[>/"*Y3G=#5
M5[>P02%6NI#!`@M800)L9QX\U*$C:!O:`.J3`B?T@`0E()$P9&$+#M3`!2\H
M00G````9'/]#&:LH5S0LQYK8:(M-2.%3+2!'DYDP``@S>(SY/L>8]&UB"'N8
M61;L%;_Y6:=^KX,!DI($@\.DP788.,`!CFB[#3`I#PA,8&389H03K*$'<1I1
M+7SRIC]X@0,,Z("92C"$#,0@-HBR%&L89T)BA*LG.I.&Y2QP`CF`P@^=@TS1
MC"8&)V0`"B)P#BZ8YL/YU:]43C+`!@Z`@=V=)V*LPH,2)V2V7HG"#WZ800JN
MF((F#"&"(X)<X6+S!P\^:'`'<$X'P)"&-*0G`'9KB2R6PHS`O7%GNJD;,FSQ
MAP/0`!261%_1]D@<&@2@!".81_QT5$@@NJ`(:=@`!IB$,``,S)'_K"*``H9@
M@!<HX("^0QL7VJ`"`?G@"!HD$2^#$1LM]`$$5$#9"GC"R\95:XD'`,,>]E"G
M-WF`)[708C0XQ`$/L,1P(R!"`L\W3#V:CSC?D$,R!]G#9KI."F`XP0@2T`(7
M*(E_V.PFDPR0@,OL:J%^\,8`4N"#`*T`E,@+RA^R83F.WD8)&GJG#`*0@`P,
M89$;D%,+")"``L0@H+DA5!\^((4$$*`%42C!!DB@T(4.;9@U;)?H*&JZ0M+/
M=5A0P`(.@+5"P,4`(%68"Y08,1(0```G3=M_,$D$(P@H"BDX@0PT\P<0O(&"
M+.GKL2R@!<%1`8S(8H,52(93P1;N0+*1_\%S9K"`^%A6`:W,+.Y:N0(V:+`$
M;`CM"S)`@(/DX`2_5-MC%DHTX+F+#0"83G3LP4P?U@\&/4@`_A(VMO.XZCP9
M2`,W6>4W`\1U3'A4&P1^,`,S=4$'*VA!"+"G+`Y0X0TA.)`7D)&%P1X+7`>H
M@8:H<0T+'#8UF)-%"!;P@/:Z][WOQ=T]`A4;R<*335'H@L:6:]6K4H68X,#!
M`=XG6WS@RY!@?8AWRAH7`"C@9N<I!`;2P#6%%3>NF+QD*#+\`Q5H]`)K6*0+
M//!7EFCA#1Z4Q4RL\89>]`*>(MC`>9'%"R]PJ!D'TEYAJ0"%)\#WQ^_=``@"
M98ML]($7M5"""O_$\(.J`O-SO0('^ARUAQ4`80+U0(&!O?K5(MT@#02X@9/,
M"H,G&(&)MZ.5[?S6N[.)1,H;YH(30)8"'>BA"FF0@1J2((`DJ($#7CBLW4#@
M!24D`0F#VZX6:E"`WOQ!"=:E`A*08`$OS&0F??#",6X'Y$YOX')@O%<M&,"&
M(-!`##B8P@]^,$/6OME=)$@!ENTA#_G]T'4#>T()T*JD)`U!#VTP`!@@O#N_
MP36*E\1D<C$I!Q^<8`%&>$(*_N8%`6PA"5L0P%*HX('F4,$+6>BS&K*@!7(#
M&@EGV!#VWB```6@AT(2U+@/^&H%.>[H/2J!%#*`@`PI8P0`WF`"$2G#_LP,0
M8;7]19NC5,"&'-2``=.I[:VI]A87#$$!+=A!)!J\G+'^MFL)&$\DCJM<M648
M`C8(P!I&L((UZ,$'4MA!#=I]!3KXF<\"V'.[D=#G,R3!`'P^=+8GW>XS6+O=
M:N"Y`'Q><P$\(.C63@*?LPW?`R!V`A]`SA(T,``70*%N36%``F;`A64G/,K$
MF4(5'OZ!AW?5.EVF.)(PX_%"</0`7_AXUS"P@"J,O"-X#'RR`S^`,*S@!`S,
MDZ2WD&TZ(.':D&^WY(L.>6SW.=N2A_SCV\UXJ5^;\];.MNB=[MX#8!H&$EC"
M%5:_!`K@`070`\$_?6F#W_VNU32D2AL:X)R*_]J6:FXQ%0P$<3-MMJ<P:+5=
M<`_V=XLIVP\V"`GT?\`%&S@@"#CX`0E(L`('10`%/-^"T:-^]/!O@0YTX'S0
M'_^&I"-]]$?/_.<9+_H'4+WTMMBW!.PP:23800)?<`/%``1[X`=<P%\RA#;B
M(#0M8AR;$`<K(`,0YWO[`%94`P,*`0,ET`-/@`$PL`%,E%8&0`!IX'>2@&'*
M%7UJ8P,_<`)5D#&AP`-18`0R$&X"\`:;)P!V<&U)8'28-WEV<'E"UW3OAVU$
M=P:=QWA19WE;8'\"@`'XQP"LLP1(('6')@$9``/%<$PTP`4XT`75IVHV,(:X
MMURK%AFJ%@H_D%*1L?\'+8`-7(4/%@5$#)9\A5!$>I<!N7(()PAX&Q9XTN<'
M/S`")+!D7#`%8J``"1`"6/!XG8=M2:B$/0=YCSA_GR<`*+`%YN=G5->)]&=M
M#Y`'I-=>![`A,9``&J!T2[<$A,`S(=`&%_`"+0`&!Z`"-'`'?@"#9U<T1*`!
M&Y`CUU!K$H=@AQ0[$<8J`P,#"7``&U`;D]!\"_!\RC8%RO8#^"$WJW8P[^0%
M,E!S=`![JZ<&:D`%JX<"XO@!$;!Z5R".:G`%$=".=#`!XL@!:F".JS<!%M".
M._``:=!>2<"/[O6/[V5Z2^`)%+`$9X!N2Y``.R`"&4(":Y``RM`9!Q!=V/?_
M9/V17,EV2410`BX0:LO$919(1&.62*R21&T`"<^X*]*(2=3XDD:P`B,P`!!P
M`0QR(,BB:8=%04>&#1O2#"#@3O:@7O$$`K%Q7VRB7G_@3E!@;YW6`C9`!C;0
M`$05`$L@`P2P`P80*)63`%*@!;&`2A^`E6VP(NOB#;FH:JNFBY$A.B&@1F(!
M#\,X<:/B+T;"8'=H`'BP`FT0!"K0/"QW`)/`DM+H&(*X7"FP#H<H!DU0!>L&
M:-?%#+Y@:=:E&C,A`T.0`)#I!:OP!IEV9#MY7MKS!DOBE.XU)1#``AHP9%(@
M`P.P!%+"31,P#7>S&1N2!00P!`^2!51"`DX`!$&@_P$0(`$2<`$CP`1E*1)R
M\`1[@"$A.8>C@B2WLP`E^18&T`8D($8+H&9X,&&#"7B%28UWU%(7P`4_$"`D
MT`=[!3V88UY44`N'A6E@M!,;8`6I80W:<"!!"4;L:3E>H`7:Y)08H`$VX`93
M0`#AI04W,``:T'Y;-T#+,$&#`SVRX0$QY@4A(`/0`SV-`P#<-R>+R`$$0'95
M100T0%:L43IAX4.>,C5V*2I?<`"7<2I%E``8%P![P`9SMAQ&4`5\"(TMR8+0
M!P%<@!;ZY0=!H`.YI1G7`#CJ-`%Z$ECJM`JXJ0!.N0-DX`89T%YIT`?[-@57
M<`9B^@84\`5'M1MTTPP<P/\&.-,''G`A'M`+50*?UF``55!5H3`%-)!G=;)#
M\A!Q^5`#I^,IK>,O6(!!)8`PB?0$,U``4L`(1G(D?O&=OJ-L0EI[7$`"9K!A
M-&`$3E`"#!"4?W`@Z@0%;RBE(S(+UJ`>]H8!'_`2&1"K;=!Z!SEI4G<&2_`%
M6'`AM%`4=M,!&(`-H%8R%G``^`A9?2`%=^H?/Q`$!!`+69`C8D%KA<0IV^$Z
M0H0_W50%."H%'0`80""ISWALF1"D:RBD0$`"H)`Q/U`%"=```74;N&$!I75D
MEDDBUC`$_=AI.X``93`&`)M2;C`&`R`!4M=G2,"*N[I+'+`+U94&+B!8]'0-
M]"3_`Z-V8R'`!F*@1T%3`C&P0]0!<2S:HE-3J&]QLEBS`3.`HT`03:DR!"K9
MA^5:F&N8IS3@`VH)`3C@`QS0`!X03UH@01:0!D>%JA+4!QL@H+`97T:%BCXG
M=4N0,@U``51;M5;+4U:;M5J;M6(`!`#[M0`[`T&PM5G;``T0`OF2`UC0.L*'
M2!$P!$$0`$E4.R4EKI0:C>%)C;FHLZH6$FQ#`%20+,M"(@RP`A2[3A($`B-P
MI0A``T/@7H6A!`[@!C:@4&2``)B;N9J[N9S;N9[[N:#KN1)`/T0"!:9;DJT`
M!%+U).?Q!=T'!2[PH^2*M\]G<BBGEH)HGC]0$!TP.#-A_S<C(@(G`%EQ*D&T
M,`$'X)1#,`:U1P%;J@`SX`8L4`;^R@<XP`*:RP-S@+EA$`:<>P=,@+V<RP(\
M$+J8*P1,P`1P@+W4:[Z8:P,Q@*U.,C`G4`)5L#_7I$@$$+-`6I@T*WAJLP=&
MH&F$Q0`D@BZ](5/J)`(K8)H#$`!?0`$V0`$8@`;3>P=S(`1W4`9RP`>86P9'
MT`-E`,(ZP+EK<`3>J[E"P`)HT`3F6P8^H`.=M`9"L`;NF[D2``7^@K)/0@`K
ML`=I,$"&,!YIX`0`X`@K"9XMN<0:J:=I(!L[22(N0`+6A6D2Q!,1T,"MB@`V
ML(\8(`=NP`<L$`<QN08D$`=R@/\#F,L'1]`$:#`'1Z`#98"^9E`&?*`#5X0`
M:("^<+P&9M`$<+"^0L`'<QP'9@`'0N"O/@`'",`$/8`&<&`&'KS"<\`$=6P&
M0L`#XHL`;B`%-W"M\SL$JDL724)P3K`"2H3$DA`$X$2[3(Q):PA]8YA)CAFT
MQEL#3Q`$L1&?^/H',&"E3FD`&B`'[E4`+,`"*M`Q.E`!0(`#<D"](-P$/+`&
M.M`$8=`$3-`$F-P$<7`$+.`#3;`&87`$/C#.<$/-0F`#.@`'Y)S"/8#'X0P'
M[PP';"P$TJP#V=P$1A`'FOL!ABIFK#L"04`"M?,_8(`!0P``W:=-,R"V"@!%
M,_O*L+S_AEQ0=E,0!#Y0`Y9CP"/"`07P!"\@&[:L17]0FJ:Y`PX``.UES'=P
M`4?PTD=P`7,0`-`<-^_,`S*<`@@0!RP`-REP!$+@`S:,`$T@!"U<!BE09W/`
M`NOLPA_<4NP,R3W``SY@!CI@!$W0`UE=U)M;!NA8EZ9"OQM5"%_@,/FK!P<0
M!=)&`@>@`(0IT30+`2?0`Q8K%"1"!2&P!P>`#Q&J119@HZ;97@0P!OM(`"SP
MS#]]!"G`!U6@QOX*R&TL!'CL`V6`R![#!)/-!)A;U"V,`$FM`V9P!SK``TZ-
MN3W`R/@LSV6@`SH0!CB-OJ2]O9K;R:X3UI@1-FFP`D9@.U\P_P(:M7TR"=&N
M+-'*Q2Y$8!"5MA3`BQO=Q0$;%:HD(@T!&M@/$``:\`!?3`,=C`,XP`=`D`!N
M\,%N[#%SH`-HH*3:K`/\7-X]H-D(,,\5@`!KL$E9O<XEG+F+C``X'08]@`#G
M),9*J@/V+-LX_#K8>@.ID@`14%Q1TC4@>``+D!+"#=?*)@J9ZILGD`!?H2T=
M#3AMX`3,(E!_X$W4W5X.$``;L`%NT`6`T08',`.;_+GM"[HSGKG0?,-=[;D0
M<*TZ/&;M40C$ADUM,!=M1N&!IVPJD-1S$`1/$`,L82*6\I/.P(T6H-`MT!L<
MH*$S@RW7,&$ECMUN0((-D)K<3027B__C:)[F[DL&`R`"URJ_4T523Q`?8;,[
M>-`#I+4`9F/D*%=[4Z`<4;`!0-`#!A"TM:`:>5,,@4L++J``+C`!LF`B6A!/
MSF`+(/CE#_`%-K`!A38`!4N<H![J$C`#HA[J&B#J-%#JHKX$M+JU>S"V9&NV
M9OLT+HIK2;(";*T`)``&:W40!E`[YS$$`20(K<SG'"8'$%0#*^`V8!``8>F[
MSX"3V`,%1K`'?[`3A&4HD7[IF-X`.%"@QWSFGEOC-TSN-DX&#A"62[$A#)`#
M:3`/<BFH@^KF;WY;1;(`&#`"A>`J>%`EKW(>*M$#*_`";\WG:S@')%``,@`&
M5:17+F0YA7+_#0UK`<WC`8*S$\X0Z4N$Z0]``&X0QF+L#9G+`HD\QS'.N2O,
MN7Q@!J$[E4)!!1,@`U`*`!9`:S:/.O3.*708`0FP`#N@[PES`!7VZ]=Y`/<[
M-L5NY!J9BQ>0&5K0`C0P`MNU(2A4#-,%`C)@"UY`5B[&RY5C"_N*Z32`O7QP
M!].+`T1POB[,4A[\N5R]N7=P!.:K`30FK&*7`7(YERT*1*8R+`I]-;QS`!^G
M)2IC'AAP!$H,UW\HB`Z`%EJ0`2I``E[P%>92-\Z@!8MS++R)`=#*X94S`2`0
M]B6^`V-`!CC``TP@T&4P`Y=KSS@]O>B+P7>PT[-/U(GLKV;`!'=P_]1S<`=\
MP`,\0.YN0`&JH486\(N^1[*U?H$1,"4?Z!U>HP!X``#:Y!1,1`![;NS5Z``C
MT`9>4``JT`)LS1/(\@S+H`R#`SDNF#W'DO&V`,Q?7@`VP`<DT#9ZH`=E$`3\
M;`8O#0A""$PZ/$<^/@@Z9@@(38((/#I,36%'9CIH/6LI/66-C644'!8@?0Q]
M66D)#*T3-;`BLB)6M3>WN#"Z$3`8!`"Z!@8N8`H+*P``)"_"&Q7/"W[2T]35
MU3\:3BX3;#@T*U4B'*A]?7_G?UD6Z^=]'!T'`1Q](.CH?>L*#_O\_?[[4.ZP
MZ'&D8(4R58@@$')(!PL?FYH00M.$1:-'C?_,^$AQ!$Y!)G..<*H("D&9)1S^
ME#O%``";#Q,F,!`1<Q8M*R)RY,"2"XLN&#O`!!,F#`^>'DX2+$@@+$T>:-:B
M1K4!X8(1%P"<X#!"0HJZ$.[6E4IYSUV?(1A"9*EG#]T$??_B\ON"@X4E$T>>
MD&ECT4P3/DUX(`KC`XT/'8DNFBG#Q\>:.8$[-O$+AT<*/B7)-$BY$I^,#3!C
M,*A1TV9.7+EXP8B00`$OHD0SD`#2X<00`ZWK0)7*6QH7"#3"D$#Q88.?$02R
M?`CQ1RP##B'`MBO'H3B`"4K:HH,!5ZY<"G+X"%ECAD60&9^$-$'@=TV3'A7-
M')D#JDD3'3T.^SC_PJ-)F1Y,'*;#&B4AH`$'\ZA4S@0A#$'`!#'`0IIIM*!V
MRT_!/!'!:P`(`P8)'4#106MIM+!"$;OU%M444_@!P10D@,'!"D08D8(,'K`3
M'2D(XG,/`UHD0(`[VC77FG?>94!!`@'<$4`)!(P1BD4(\%$&"W&DYQ\H+&#)
M0AEQL&"E18R!&4>!;FR6X$H3R)#`!N/$$&$-%(I@X84;NH#!`KITB)L+!R1@
M10>$`I!`&@2@6$$T*D8%P:-47;#"'B<,$$`*"FRPQW+K*"$#`Q9DD<4Y8(V3
MP`M9D&5/"`P4@Z1W0\P@QPPS=(%9@;@B@,8%N?;JJP:EDL5F'Q^4\$$-_W+&
M8MI.6#3K+!8;;O"$"S`84&T$3RS@1`$B=I#,MXHRVF@U$-CP`U4J&'&`$3/0
M8`130Z!50@98,!`=/@AR9@$8!%A@CG8,M-#=J_\H$$`(#5`PP,(#++&PPPXG
M((?###-,\<-++-&`"C/PP#$0&5.@Q+_HD--'3'T0`%H,K]!)H10P\W0A%`0H
M\$()$5@K3`\]S$`HH5!\"T"XXSKJQP]3J`#`"23(@<,)8(T<0P(ML%%""2\`
M`$4-^8)`!1@9K*4=/FP,3'`_"D"!B@7GL`U"J-%90,6;;^/+`0A9*`$""!Q0
M$0(('Y!P@A]`,$%$%0G($`,,*?EK#@,3+&C!!/_%MA%+#"\#@$$&4.""QP$C
M*)"!`L)T^,5L/X<8-+@I%DV-N39448,%4(Q@AHSJ:,<!``>DL8(3+Q!@`!0%
M*%"`%ODF_\<09I^]CP()>$&%J([_P8$Z(&@APP=/$-!`*F)!%\(Z,F310!H^
MX&"#`PWX080343A!0O+4RRFJ#"=_@`$&!N#QQ0X)`,`-<B""0]6,6ADX@`*`
M<;H,E*!:!.A!%0I0@-1YBW6+<ITUJ&*#(+B@#T$RP@G>X"^`R:`!>RA!`UX0
MA2IL0`%/($$+".`"*<@`8>/;0!J<5S`\2&]DT0G!#3\@A01\X04;*,$&.K`<
M%R3@`]>C`A4L0(H$J&#_`%/X`=+\8`,_.(`+;0``/:@XCA!\H!7C@-P$$N`$
M%20@`>O:`!Z&D`886,$):5#`"%8@!1@`8`,9@,$3K)4&(,2`@A84&M$T*`T(
M--(/'E3"'A:P`0)X@13:$4L",,"`#3"(`UJ80-"$]`*T;$"!"RC"`IZ@@#0<
M8`.PC*4L9ZF`$H`!`WE,@RN3>()54&L/;L+`$#8P0QT"P`M[F`$!$C""+FBQ
M7#]XU!9I<(`&2)$Y64!%Y&0@DYJ@X)N8$P$!7I``&-R`#6D0R@T"Q8L#&"`"
M*C/`I*R`R-0ILG4:=*0CJS"D%.+C;VS371;&:8$1]"%NZY"..4X6@P#LH0"&
M_\K`"_:'@5GJ\`FPI.@0,K#,#NQ!"C1IA?[&Y[<L4.$/W,R.#*`PA*N](`-/
M4!]5Y""':&K1!N::010^\(>W60!R^`L5L6`R`11,(">RL,(`Y7F#"#159:O!
M`!YT<8`7D."A]?S9/3/(R$9&,VEI28E/V=&6$'#``S,$P0J`)+>?DLP>I&#.
M.9*7/+ZY8`C22PF"K-><@/XK`!M@C@7&9P[I_%0+7F@`"#K@!#EDL2HD4`%5
M7L0%/U"@"T9H`:C,&@,HM"`*;&"#`63"`!0H:Q98D,(&$G"+#74@;1%8+;4(
M\(03%`"KB<2@N!@)@7--P0EPLL`;W@!*+3!`.R"PU_\0`!""#<R`.2'P`O(R
MF0H>K6-OV`6!$M[P!P"4(`0D9-M/R:@JZVGA`+,#P1O^A3Q_[0U(-<``#L[U
M@P'LD09:_`$7+J""$1B!$(*+P@K6L((4.($&]DT`38YEVAKD``4WL$("GM`Y
M*=P`6@=@`TO;\),1G"``%*R@/77;U6G\P`]3>$(+QI>J<N!/.U2P%P:PX(4)
MG.!Z>SUI6PZ:JGKPK2V@I((67,`&Z:&CA/;XZ5>JD`&VY:X5Q[7>.AI0`C&P
M"`(X.,`,GN!A&N"@#00`:,I&H`$(K$!P(R"S`V@P@WA\\P,H$`%(<Z"4$315
M"IWC!0D2@(<5Y.R41@@"/47_K%42ESB+6G3"4L2BDGSU-5]4:``&9C<!$DR`
M;4)^:Y$VW1Q2:.YOG`;R!$HP`4Z7(@MLF$$0:,`%(`RA`!^`@0Q<4`+$18<`
M)3C`"H#@@"ET80XSN$`73H`##3A`?EC`G$Y$`(\1.&$%!;A%GF]``/ZM0)?,
MV,`).A"$"8XX&8LL\=%^X`0PI*$#9FUO.:R7(+G)8`BM"%(;O*`$*A@YU*;V
M]!!`C6^5>$`))8!"<XH4G1;`S]E&`(,7A"ODZ3+`LT"@`0^<4`59L6@*:RYP
M%;H`A!/D@$X1HMH39M"``PCP!GF&`@Q6H.L,$"4!0TCS`GQ6:'#CLVB.E`8-
MVA`"_P"LV+@]]6O;O``"%[Q`6"=(0$_OW>],ZIO?35<"!I2^Z1"(H+8)&%$4
M-A#:%K0`#%#@@`SVN(<I0(!=4,@`&X)`!`>X?2L*.`$;$H""'!QU"&P`0JW@
MH;5<0"$"!\#`:W!Y`@,HP`<K\!D45F=HWIZ8<$/Z(PAN((Z[O8UZR:4"1^GA
M-1>0@`">*F_3CTR*#@R!'J-/"4>MIVGKH6`$#1!5.F0`XOZ]P&!5",(%'/`#
M'*0!"S$.01J(@'$-$.$EM(^!::'`+H;M800NP,).+@0MK,&@!`I0@`)]L`#N
MTZ9;6]VM!G%J`R?D`+%P/,$*5I!9]1MA!2,`PX,S``;D>?\A"R&801JR(`/1
MC[[3%M`!::%C_38/,)<=FQ8X2I!-?W!)H;(6(-`"(Y`&-``!7-`%R*$%9N4%
M`!`$#D`$&M`%;2`#WU1W+I`&#0,$[X<SS"(SJP$#,$4"0U`M&18&(W`>>_!M
M0W-SXX)H.X=ZU!$"4F`!>%``EV8!XA0%)_`$3J`6N?-UVA50_T=Z%E``^T:`
M33=J(L!I*^`"[`8"?\,`Z@!?!68$&.=?'7`WHK(Q;><`%P`&-8`"F!,#;;`'
M`6`$!(`"4E``2F4ABY<S![`A,$!;MA5B'4!HX2=ND9(`'K!7CC9%YL`6?W!<
M'+`!`.`W_K)M,C!P*K$W"[5N>X7_7%30!P6``?2P$NN`#Q[P',0B8@"0`2O0
M9*UW=2$`='C#-M'Q-E10!4^@`A?8!FUU73/@!$/`:T30!@$`.36@6FU``AD@
M"P.4`[6@5+BA"S<``R>`!P9P`"G@`PIV6X16*(W'6Q`0!06`"OY7),G%`2\`
M!JEB`1^@96%G-^Q`"FS#`0A8)">E6BZ`%6\D)`0`!J5D2KV3!AL`!DDQ*KJC
M`B[``/4@A0K2!S*@`$RP!WXP`"4P6'WU!R00!2Z@=PY0!1WP"C$A!540!4\@
M`A"F$SDPB"^D?1'@$Z=S`"K0`WH0`"*`6SH8;OD$`0Z0!F_#*DTW/H#%(*D2
M``KT!*B0_P7N<$ECA`\,X`&YTQ9:D"HB4%49P%'+Q!3$(P.;V!RGD`57Z0(>
M4"1>T`90(#8*61868``S$`"]=V-MPS9I@`$?(`,K0`-.(`7)`D=[<`%M4``Z
M(6'R\P(UI%H+<`*EI`<I0`(D\);@&(X79'-<Q4A=U`49<#=]TW324P*L$`*C
MV`!>20)0I`4]!4IB.%?H("JL*2IQ%0-#H%Y*(%?0L9&1J%[#M0<'X)4`$P0$
M@$F2F&0R\)8_0`,ET`[L<#)>.6$)T`=T4@4GT`6^IY)8L`$KP`9X(`4^\8>K
M\`5/T`.]&`"'%&*2F8B'%@Z:"9&<%@*XEFZFP`X)``2#I5Y^T_\`FW$/]Y@2
M2K"?55D=>$4*K:D.''!)^<(VFS4$4E`DRG$"@`1%G/:6$$`$@;61Z1`GGQ$#
M,H`!'`,>*W!+L$0`4""-3M54,?D$NK`"3\`DXAD``4!/.;B3/#@NO@>&ZY".
M`+,"G")>LF<%YY8.#.`%!"!W^X,6PH0!+_!264E_6?D"!R`=;<%P5(!=!Y4O
M&>`"ZGF:#5``;(`!_:<2]V`],[`'%B@D2B"%;L4`$P8`+G`"-*`!`W`"3C`"
M+P`%M9`3TQ<!BP<%"K`:;'`">]``+`IB5O!0N469XE<T1*`"`7!08BA7^-8'
M:6"E8U&/T3$"!>`"NDD"+H`P]MD`8O#_J7NP!T*#%<D`-<&)G(ZS5V_3'&`P
M`ZV7/6K1!ZU1:O;0!R,3!&+@2%.PF[6*CFD0!24P`@.@`6(@.!&"5*>1`](&
M!<U2#$*1`4'`HA_`HH8(HY4Y+H\"`2*X-W\@1=A%5IO6`@E`5LD#%MHG3&"P
M`E`@%B3#(\E#'1,0FU10H"LQ-NN030E0!:MZF]D3*O!X*F#!`)N131R@>RXR
M!4$`!2`@`U,TBI'S!$$0G30@!R/P)LI7=W8Z0-+&$QL2!"O0"]%*K2"65>)H
MJ/GD(C,@([78"N3E:)FT`N9`KOK)K:S'!E+0>NK(>D/P/<IC7NW%KG\#`@6P
M`>PV#N,@!2UP_P(>AC4KH!;^`BIR$P.^V%MB\)NL8E;0$0`I*@?$>@`%(`(8
M``7+D@-XQK%-!0-5!0-#$++42K(ENX/7BG-!``;^HE=%Z[([UJ3K]E;KQFY]
M4`(Q8*/3@0]L\[=BX`X(P@YBX1RM0"H?`#T$D`$M50).`&;#,P$+FP8%<*]_
M$%T?D``K@`,6Z$'F0#V#B`&!%@1MT`)28%H"&4ZH96&W@`4T$T.KX:>TU[:2
M.9EP>Z@JXDAS*UX^=EU2JAT38%![^Z7_TB,EP#5%LE`*0D7TH$)TM1((`A8Q
MFRJC`@!/4`)@=H@Q,$4J(199\"8)``(U,$Y6@P$K`)<VH$)O\(K!:O\;">`"
M!/`+W'14@*)L@ZE4M&L`P[0"/;``2F0$HAFHU6JMOMLH,[`"WJ-7[C5&XML6
M,7`".H)D<\4CS=&\-OH<RM,'5+!OJ-`.F'N*8U4*#;`.W$,DR=,*!X6U(>"Q
M3W``B",%9R4%;:`!-$!):>"9>[`!(/P&5"`361`#,($"`-`#TF<%,8`3TI@!
MN@0&)]@#['<"1I"[NFM!WG)!/.DZ_$4`O1,H!1!$9@4JVN$"47#!$-DCG,$&
MM*H[\R`"S$H3^#`$!X,/$*8+.$$L#C4#0#"M+"H#:7!I4U0*[%:CT!$JQ=%D
MTS-8%@`$U^8"1)?("H`@9\2P,0%G<NB-L@#_,PE``GK0`QV`<@1``A/(!O$0
M`@V5Q87:NR4F!F`PFR%0`-5V`%5%``6`LP00!+GCM!B<("K!!CXR-K)``1(P
M`#%@`#7PMU%0-;:T!V*00ID2+R\%QFF`%FG0`XM*)(P6O8.%"H_[/:&2#@5P
M`E':-PY)!0?@`OC#E&ET+'"F0'M@S0-LR@O@"YYW#`3@!-44J".[N^;9*+U%
M6:]H5J?94U(0N0=P`B7`!F"@-3%@`6P0`&25*F"!BP2K$B7PE66%.1H@`6^P
M!!I``7@P:L%#`!T@`4LP7.R3.(3+-OVG!1^@F*""SJ'XTGP%<V1T>>_V`53T
MD!:P!T/@+]D4$W,2_X>]8QL;8`08`"@;-01/4%%&``2Z9,#^G,`UY\H"/0W[
ME`!F9<B8=%`M,`,1-;GR0P#:*`5"Y`$L-EA1>@Y4D)%15JLW0`%+8`=X?04.
M@`<W8)@@``,@;0=G<`97H`$[<`/+VU-_@#SGLX7S@,%)U@=@L&WS2A8.*:YF
MV@>2)I%9$!,Q,2%2L,Y?VQHND`$GP!-84)<EP&4GH'Z`BL!NR[M=+!6/YR(_
MH`+]!RKUL%?K8)?J8`$Y,CE[``8EH+0CL`$8T`(<E748FHML,`Z9!-AV@`34
MG002(`SBV@<`H`%G4-U(,``$``,D4PKU8"\)\%V@M!;1<63V$@/5I`7&]?]C
M!Y4`;0"*C58"-A0Y8JC)';`!0^!@(L"'`$`ZS"+`/J`',W`""W#%6(S5;SO;
M1M,B-C!W4%F/*>$W!Z`J\X`/X`,=()Q,%0L&.I1+H&/0;<$`+K`$9Y`$+)X$
M`\!G,S0!!B`!2"``+2X!.V``[?IHT'$`'\`WJ3*^C6,!6M``'\9_>V.:[H"4
M,5NX%F!+$\"4IX`L#%`"40`+ID4+!\DL3@4%"1`$"J`"*Z`"K\W*"CPN7:1%
M7#`"JK+C\-BDW[H.,58*ZXT@0DU%N!@=,<`&J]H65&``#?`&`C#H2?`#.<YD
M,DX!;Y`$@WX%`X`!XHT.0[[8'+`_W$1&YH"`($3_9:RB!?ZBY#T.%DRI$C%`
M`/#F"I\2`]Q+`")0`S@A`GGD`CO1.1=F3DQX`$Y0YO^LQ0'=&UUD=EP0!%27
MP>6P#FM:"HM+O-;CP0'(!EE0E>F032@PU&N)#E1@!0;0,'9P!1*0`(=-`#L`
M`EB0`"&M!DM``3OP!>(P'>7%`5*``4%)4J)$W"6``210`G@#2F21BD.P!^G0
MN:4@`M]U1A)Y1AA0`@2$+#D`!3ZNK#*S(1O2`B2P:[KNX+(=H^3"153A`&T`
M5_/`8@30`NY,%G3%:!Q`-504I:;P!S"P8L(BZ1,``U\``&]`RSD^`>.DRC*?
M`%"`!R_P!3<P`61A"J&(_U(@@-_P-+DEL%$/'0,="L+SJ@7O.44)``8^0EA9
ML`))!`-]-`)XL`%`$&=T0F=I((U]2+O;.6'O4O&QW>N\879I[@<M4,+P+51L
M`S94U'0I8_6"A8N\\W5:^8_"8$03]0";\T880,-5P[X[H(U6@+.A^%,E@'@9
M$``KCYP@,`0M@&/94?3QB#Q2]%,RL,Y#X)@Q<F8P$(=%)0)'*@7*NJPJ%P$`
MX#LDT`"`_,_E.8Z]42Y'PP4M0`]"WS@^D@'#WG3M^"]]*T1]'`1.<`+"#@30
M'_W0_T9!X$$S`&N?J^[)OOV.PS<QH``N4#=2N!+%\:=15O12D`;Z7CX-4%MG
M1/_$#%``:2`%-8"3*%"*K$NVTG=A6``(>!A/)0E&`0$Q,0$%C04=D)``DP!%
M%14+?IJ;G)P0?EP_7"T<?Q-]?W\<'"`60Q^HJ;*SM$,$M']]%E06#+H$&19]
M2JM_2L:Y?PP,'`P6SP`9?2"XNDHA#0TS0VG=3P>P%L6R61T;&"$AJJ6I'&D!
M5*@64AA]OJ<R-2@$!S,?*`72;("20XJ5&U``=,-```L8`D]\S$C$R%$D290L
M8>K$<=,/4!_!<'AFH1TK!B5"Z,+%$@3#:B1)`BL9D^0?E:A0^;+0H42,#@D(
M@&G1X@4;-B4P*'V18$^!&%*>`%"YBITN$#+:@$D@8YS_JG?B&#0XX"*+KV4R
M)C"(`7%#B0,M"N3(`24#A@T;"`"``B,"B1Y_>TRLV.AB!TJ5+F7JR/$CET]@
M7(RT0&U5"!$ID['$A2'!,5SI5()XV"HFB-.F3W-05^")4J5#AF1(4*!!Z&9_
MLOP!$6($`5154_&FDJ7`@30$0G#H@VJ"@@9FAQ@YX<57V@E4:M28P`;#"PQ/
MI1#`NR&#%"Q8;D3HBV=#E14^3B`*(.618<0:%S/>9./'#QL0_!!`&Q\P8)(%
M7@"064F;S1)"9PQZI4H?RSVD7"RS+,-,5<QE,<$*(93F@0<QG=(*%5UE$4(6
M5*3Q@CI_/`,"%2>!X$4;R8V$_PH8;"0T`@D?3!!#'T-JP<`$-3"0P`DYH'`#
M`2>0L$$$.6"1@WH18.$"#%C`4`4):9RPPGSUV1<)?HKMQTE__T$``1=5!,!,
M.PB"4`(>S.79X$T8=,#@+"5:D`$!)%7%SBQ5\9)%%B0\LQISAD8JCCH<4%$`
M.KD(LPL#RF5AP08%A$`B*BWT\,0)"5!!'`,?S.A,##5\H``8+Y#@0Q0WY/"!
M%#=8<5!Z6&)AP`$D`)%"(@705]A%:&ZDYGX!5)'!#,_LI@4'QH4S3'"X@,"&
M",(TV$H+MU"S)RW+*:#<N;3$TH<362Q7V2RH`("7%".%0(`3S#'`H@43G,*<
M#%(,\?\$"6P08(4"`(@@PEQ7WH">Q!&L%P$>"QC1P7P6W9=1FL\R1L,(*Y!P
MPS-:I!*""^#H8J"YW;(Q0;B;/=,"'KNQBR@("G2E,TLE3.#!-*K(PEPN,B20
MAA0,6)$7B[H\PT`-+A!0PM55)*`=%F_%X#"OO1YTPPU]P0!%!`D<4(4,'"_+
M[,?.AMS))UWX`(0\K/1Q;08O+AKBG[-X&R.&N-A<[L_M]/'.H3_'PL8'(ZE&
M;]0@)#`;&RNTLLX'!+21U!`)6*$6"A,DL`(;!5CQM0ACMUXQ##`\>4`;#;"-
M2,=O3Y*?W!Q]@L,3&]`H'`?7-I#7+JH`+HL,;"A!,TO.WSS_-.)%GX`O];,,
ML<=([;0KHP@DI/`0!UG`T,():63@P@<AR,"<=EX?0``*#M>O.J_HI?=Z/[7/
M1YAAAX&;?GBG"?\X`!SQ"M$X./"!#0"@&"G#10S8,+@&6<`#;#``]Q"WG!XQ
MCGI"<5Y)&"</!GBA#Q_`0`08T($%.*$#*"B)AC04`Q3DP`@$4$,,K*"@%3R!
M`#`8P@K28``H6"%+56B!&!K@O_]Y3'<@(R`G')"&/5!F%5J@S!^N98X`[()P
MLK`"!7VQ&5U@T`#5XF`?JO!`[,DB!BOH@Z?LP9+:3>``"UC!`5YH%B_H2&#,
MB8$!5J`U$4B'#0DHR`%.0``I`.``_QM(`!2@0((]9*-_MW/;F00HQ4U``$`#
M&($(#,2,:<CC#PG8P,R`$[EG0*$%,2H)&"?$@0PNQU#K8$DO1@*$!\;B4+@4
M1A_:]PC+/6%%X6+.!Z"0@"$HQ8$^F%\KE&.!.5IG&18001H.,X0#?*M^K;N2
M%;`P'H$$88G9L)T3<Y>8N'52$Q`8@14B2(N2R``,8*`0A6IBOEC>)$]Y4@*%
MVI"`3-7D&0#-!86R"`0-KD89JT#H3P`0E!<X<RE@6,%R')F`[\"&`+0I00M(
M$`,562`$E*'1BJC0@",!H`H+P$`)2."$)H'S2N(<&P%($``Y7%*=Z]PD%-TI
MQ4]H(`JZ^/^@+(1Q@()21C5:"($!6G`::LQ2:D,P@#,.^B</D&,U%@@"`63P
M`8H2H`H\*@%YS@&&C:6C6B=0*UXPX()LJ.09#4C#")X0@Y/>)!U4(%'3]C57
M%QSI!0<8PL-R(`(IS,5U-RC!'N2`SFSX#W=";><`I?@1/XQ`"IKSWC-D0!9/
M\:84,@A"'A=9`C9$X;55`$(0@@``%YR@K1Y+0`*`4(77^G8$1BC9$Q20!@QD
MP``&@($(V$<59WAJA#%J00)LDYOG?B9&(0@"&ZKI#"UXEW-.&"(8^$H%(:$`
M5GMX00D>QCHK(20]!A@!!2AP2<NVS4R9W=T[_?`1&PQ@"!R80.'_VA$"*QP@
M!L6841:F2J0//,Q7?#$`'H22T1,0!9_X)("&$Y!<(_K*"B]X00RZT@?WU4!+
M(5*5JHY6C,EDX088<(8"Z51-3XW`!>DX+)@*884D]4&Z7O#"=F"%`A1D@`0$
M8.P-#$(Q`LB7OO6]K"8Q,M3-2G$*_0&""V"VU)(@DV4!T!$#M)``,'A*.1LJ
M17!JF8#5D!"8[-!""U8@4Z0<A0UM.(`42.2HJHA#9>GX0.9T@QNC#3,$4I)I
M"9RPI`_(X%_+B,$&8C`!%&A''R*`R@D&\N'WCJ``4([R?0'8+"M+L3]=*($,
M"G=%W2AA#VGH"@>D4`+0+2IY"67.,PBJ_]"$]EJ8NFA!%92C9@,U8`B&3<<J
MEJ'4/GC`"%C0C;M^^0<H/"$`/IN`%TJ`XU+*D0%IX(JE:R""\]+O`RU0`!ZL
M(,X3`&&^]<5D)O%+9<WNMQ-<F$$&8N2I6%)#EB<UP`9D8($3V`NEX5)>*BYH
MRS^SRP($:`$QY&4!+8!@4.9"39_'47'=>LI`"I4%!X;0`1#(<24E,,!=2\R<
M`&P@`*2K80V\5C\I*,`%6!B"`MH@!PJ((=3R#FJ]]7MO/WQR9"MJW[EXQ``G
MB,#0::RG!1J.N([&(EP6)\`+ADD\(SVW)B!@``#,K'!9O*,TP+F30;O"J4*L
M1>8T_QH!D%/%+O_,%]X_E3*]`UCE_7X"GJ``0P/(4?804"$$(6X!%#0SRRXC
M<H,ZZP`%%\X@$%@MHKQ81Z1RP0$1;+?LJ"0!""IU4@J1:SG`]D4",/"![=!/
M!!.H7V,)4+*?WQWH0,7LT*.X7_]HH@6#1^FM<:$B$'!G!3#X&</1V'B6<"``
M0W#7GRV0`"=4JM?44`ZQ.0^"#:!T,Q@`0BOB=4M@+`>@OFA@`88,*]G?;P0J
MN#W>TZEW4G.RZ+[W@QCR4CL*L20+7@`"6?`!:X`"1K,G-H,S7+8G#%0"_A<C
MNV$!+F!]9W97,O)4IV%Q&_`!O0`:!R`&?T`%G"(,'@```)9ZOM`':=/_>HI`
M;O9C!073<_)77[DW97QG;T7G"41P`8F%$[C``&%7$D"0`4I0A.>2@$JP@`WR
M?-''#D"X"S5P`$8!.<N@!1ZP50KU`2X@`R>P9=,3.`<09KVP(LX&!26P'+V6
M)Q]0`@2@'?03>P[S81@@@W;G<S18?T^$@^_469PP`V$P`S-@<+-D4OFB`%A0
M"L00=;*@!+Q`+KO1?.@"?10R$B<1+V)P5@IP``>@`$%`&V4V`R5`7&R0!H20
M`"K1+AG0`@!X4KIA`59PACF1@I!2`NN':2Y8<R4@@[=WAZ.6AT27@T8G!T"@
M`C30!5&0$N(PB2:%76`P!.J@:S7S8VT&B>C2_P=#,'@,<DHA@A4%``![`$G=
MT`(,(0,-\`83X`(9<`+0,0%6``5@<#4'L`*'MR[*@!DJ`BG,H1(3(!3DI@BR
M-S92X`3R!W1!IWLW^(O`Z`=3,`6.40)@4`"KP`N<8B`2>`"A,CC-APJ#<GZ-
M<XT0>"[IP$3,E2CQ\@>WY0174P*#X@)BL``FMT&^4`*4L2@3L"C+D`52<&#T
MLQWUDP.V10)UN(MYUXOLA)`Y:`,`$B`.@`,74`)>H"IC6`I]``93$2,@5T8<
ML)'4B"@6@`'8R("R,#-IMAI^TP<E\`+@$DN3PH;KL!+>(@-690^FQ"IC(@*N
M]S4)T`+G,`,#R8OS9O]_?9>0<^,'-G``7-"4N6$/,-('&R`%ZP!ZN3!Z6ODS
MI>"1D*F6%B!"&`@"6G!X'/`04<,.(V$.O1`U-_$0R<@<V)$%,9``/_0!934$
M&Z``"E`">D1)03E_!6F#I2:8!91_04`$/S`%M!552Q5?P'$N`L4!0@%YYU(*
M+]`!'[F$U4(I),&9)>$!P!`U,U,M#J0,L;0*`L=B`6`Z`A$9::``&X!L'>!^
M-Y`![R:4]$>4^<5[P(B4;F(#<M`&_H$#!)`R7C8/1O!T.B,.^'0T.E,A3L42
M"+IPD=(,"")+6'``E%=-%B`#"E`9PM0,-3`"Z8`4&+`#>R`##(`"#)`(RU7_
M;C;$9`@1AO*YFWO7F[[I$1]!`_U!`RUP$(SE6"ZP`A$P;0T:<B5A?@N8$T&Z
M'`0P!-,Y.?3R#)GGH"5!(X6@#C""2L$S3`RP7,CD!"[@%BJ`!P`0!>81`ZQ2
M`P9P`E&``5#06&+C2".@BWXI=`=IGS,*3S]`!,/5#6FP`CYT`(<(H0DG#)6A
M!;J!!\%`>45#30SB7%IP<&]`3VZ$"VG@!5<4(T/0`@`0<6*2!B%P+02@`@L@
M!N%S`C1P`B/`:!^0-G,@`0&P`@"`!6K0IN=C>WZY!Q^@>S):I_R1GRH0!+81
M(@P@`S,P`@<``(=V%:-G)*JR&AW59S/R!N*`ALC`_PI>,`,'$`)OH%21F@H)
M(),/N%-;`5HRD`9$,AX+0`+]P`53X`!$H`%'M0)`,``2,*]RL&D&(`5@`P7\
M\'.\N`B.0&^YJJM&YR9^H`%L0(]1Y2\=T`+>A'!1<T4I$P+-B@IFL0P-L$0=
MH'4;H*<+07K;RA(!<`#@4@I.R@&KU@'Q^`11,`<XX*XT0`00X*X:X``TH`'S
M*@$T<+,#(`8C8$2Y$@$WT`)M4%GTIPB,4!^^2*<"RU]!(!+5Q`$=\`)SQ!;K
M"0"4H6R3\0<&\`)*(`7XE$0ML``GP`8M\!`)$`E2`)O7][&@X8`L1CY1%0)L
M$`8I8`0J@&5&-P5NX@#NRO^W,GNS\SH`H60`$H,%0/M(8E!90!4`3A&C@;FT
M4Z"0-N`'35E--/(>)U`#[2-04%((1J(INF$`!_L"ZSD$+Y`!SO0!SK,H,J)F
MK,"VN#`!):`$!F(5JP$"!E`(40`$_Z&W#O"[P.NW[CJO.1NX*O`%"'$>",$0
MB?M3ZF20][>T!?0)#M`&UJ$O>]`%P66U)%L#W``$4#`VD^!DCU0`R_H',D``
M"A``I_B8$:*MV\H`)Z`WHV<!*#!Z+)(%(+"&<O`F4P"SO[NN?ENS-@NX$H`#
M,_`"RMLZ,)`&,X!.,J`(>[`'^+H''8!?`:NK_1$@_3$#;18O!-`!/P`!.*`"
M(U#_':K!G*X5!1>F`AD`!MLWB7N@`%"P9L(Q>F04<MB#H/+[`5@0`Q([`B/P
M`A/0`%XP%B5S`GK[`[\+`;\KLW^+LP<LN$O@`WH&M!(#`QVPON@4`#-``GIP
M`'LP`@O`3GHHO8!'`T8@8P50`DCI'S,``U?I1B`0A43,`8R(3;S`"L3S19#:
M91F2"SB)8TZ@LD%0!6W`<URP?VI5`D!`!(?\&$X<O,([O`8LN'MP`F.#!>$+
MM'AP`NBD`H`Q6P40!3Y0`%(`"2Z0P4O["6X2!E;@/&;I`/SU`V*0`)=YA+5C
M%Y22/-523>IP9KI$"RO""DZ0`I*%`US`!4C)'S@@!UU`_\M(F923'+Q07,`Z
M*[@#P&@($;ZQ`P,C``!+M`>T<3M`4$D6W`&K'+UH/+!^(`<CP`L6X`0:,,)^
M,#+"$ZEB80%K&"KT]#)_-1E;J3+Q,AHJT`6>8'0*/9@#6\W`>\T&+`':W``C
MD'((`3L10+9+Y#^-"P"9];CM;*=,(&UM0`/V/`4J4,/;BJVJH'6=BE!>X`)!
MT089\%!4T"`88@%OX`P$L`>>])N]`T]NLK>4#-&`J\V"2P$JD`9G4S$WT*U!
M1QA0T`%8$%=\9Y3M#`$\D`-:X`50X`23RU]=\!L?2QR7`0[^<GBIQ!0%\!VM
M0HW,L;K,X03*/,V<L)#/XM!/#/_%$8W4\S4"8%`QZW&F]G4[3G$8D&`$*7#.
M,W#&(4V8.$`6*K$!,Q"YG[`"!.I&T:H*2N-%)_4.V,`IJ70]960,'$!.8!"&
M^1G6O#/4E%S)EIS-VCQ?MP4`ZD'83#0?.V6M;6#!2S(#*[``":`1=5`%QGW<
MR)W<RKW<S(W<8%`%3K``ZKD!8CL"QCT"T[U6VKW=W+T!#T`""R`0:;``>/$`
MWKT!3T#>W;U6::`'.G`$*V#<S]W<](W<1$$4;8#?B9S(=Y:25X,!XQW>W;``
MD*2)FJ@`/1#>Q\&Q*U`'"Y`'EV`"$C[A%%[A%G[A&)[A&K[A'-[A'O[A(![B
)(A[B=1`!"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>49
<FILENAME>o68633o6856313.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856313.gif
M1TE&.#EA80)-`>8``)-.$*A8#>GEVU0Q&<6XKI2$>$U%1+1B$'=N9L7#O+6F
MFO;TZ_S\]::6BNSJY"TB'H=Z<N/?U:Z0;L3$P]K5S(5U:V-63YF,@M[:T\VP
MD;FLHKVSJ9-O3*F<D7)D6TQ!.JNCF(."@<F>:XQ6)*=K+-3.QNK5L9R3AY9D
M,?+NZ'!+*O;V\WA"$[.(5]'(O&Z'<:=W1I%]=/OW\[VYLE!E5-ODU['(MY-Y
M98^ID:&/A*VHHKJEB[.:A;&>E)Z8DN[R[(!M9-S'J/;[]<C5RS]52/?[_*1<
M'72>@-C"F5QT8S<_-8B4@_'CP)Q>%X`]"^3(FJ>VJ:FBC;Y@";ZQG[S0P-_3
MNM_MX[V@=_[W^L[=TI!]@<N_L9JQH(9?0^[V\GE>-9Z#7<.@AZ-]8N;?WXV>
MD6A?7-RYC_CO\+BOL*K!K::NF96/D;F(0EI!'[NPC+&,C*>0D$4X-L*^O/__
M^_O[^_O_^?O____[^?_[__O[_XQO;9MS<YEO6[:AH/_______"'Y!```````
M+`````!A`DT!``?_@&4A@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CC&43<G^IJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!PL/$Q<;'R,FR<J?*
MSL_0T=+3U-76U]C9VL#,J-O?X.'BX^3EYN?HR\WI[.WN[_#Q\O/$W?3W^/GZ
M^_S]P?;^`@H<2+"@P6L`#RI<R+"A0X4)'TJ<2+&B16T1+VK<R+&C1W7>/HH<
M2;+DP8PF4ZI<R;(<RI8P8\J<6>PES9LX<^I<97.GSY]`1_8,2G3FG*-UYB15
M6J?HPZ%.HZJ<D^JHU3]'I2Z$JK6KR*,,(E"(8)6JUX)<SZJUF+5&!0\^_QA<
M72LP+=V[#I52^*`$@A"D>/W9#4SX((8/<2#(\&/'C^/'D"-+GDP9<F%E@R]K
M]G<X\>+&E4.+KKSY6.;2J.]U5LQXM.O7?E+76R>[=L#5GV'K)FV;&^W>P/'A
M;KV[N.7@O4XC7PYNM9`5<M!@H/,G=HH.)5#%5C6'CHXQ=JH+H:"#PACM=&+[
M6;&F`QTZ9IGC4BZ_OK75#"@@*%$&@Y#W&%B@0PA^P*>*$$544$)U?Y0`P008
MR.$#'?\)45T$'@B@@P/VS?=;AR"&<]@'%<A`00@_()``!!"$$"`:%V"`0`AK
M8$"C"Q"@$4(*#2(P`QTS6##C"CI`H`,('ZP1Q_^$(=)"7Y-0&C-BB4.4X0,(
M5SH`@1QEP+C&#`[,&,(*7B!@`0C4K9``C3.$P-\*.D)0`@(1E$%!?%&Z\F2>
M?/XRHE\._E#$!3H4`4&0:*P1@@M"(`#!&D(T*D@JU*5@P0QK..!!`@CHJ-\/
M'HR!9Y^J[$DJ48^-H8ICXOQIH@]_K*"IHV-4(&&=$/@@XX,7E-"K'0XBX$,"
M.J00`@5E5+`&!6NLD&M3I_+T8;2!I2H$CZR*B!@$*\SQPV,_C+&"'3^LL`(=
M*8Q1!!TKC/'##\^M\`<=`HSQW[D__.%`"O+FFP*'U)8Z;<!T/19!$:IFV]RV
M,LS16%GS5N?8>ZM,#%G_8]0Q*'$JVV%%\!^F?IQ3JO0JO+!GJ31&Z6-S%,@Q
MQ^JQJMZJ\Q[7,<$ABWS-J/(83(<#)G^#&\VK6M9QQI)M[)B%+P=-;<XZ3P-6
M4K"4E=4X!O\QQF.M,DR<<<:)#'74T<@%UBQSB>,S!EQKZ]G78.\F]L!DE\/4
MU:ZD38[/);1],FN@Q2WWQV/7K0Q2#,A5M=5[.Q8!'7UK_'=N@@^.,]V&AW-4
M!!IHD&\L2D7:N!^/NQ#>S=L,%WCEK\T=4N:]L!Y:*@7$84`$LASE`+2:6Q4!
M`RY@Q?,U20T]/.S_8(Y\+;*3-D<%#]R>^QR[CU/6[\'CK4WQ#'N\?$W*?R]+
M__.4807!`Q_@#CKUO(-S/?#"@\,]RL>+STOA=9,_F?G1J[]X]>)X7_;J1XWY
M*<9[]DO>ZQ+(//U%)A7G2]_T`-B[S<%/>]DPH`P0R$!?X(]LVZ&.R60&,[\5
M2(34Z8Y<SB>]]?W.>KZ[(`&GH4$.=O!^X;LA*TX8L558Y5P,BLU_>OB'#;Z'
M8G.(H/]>84$86G"`\IN#\73HP1Q2D2HN6`,:QG""<YEE/3#B4&P<`((5_"`!
M\)D9'28``@KPKX6+>V$`8PC%;]1PAE0$21YG00<?F:<,)7B<`TK@``QTR0=R
M&!<&XB"="LB*D%@I`AHZ@(!N*7%Z<JS@'+`7/SM*L?][>-SC*SY(-K@X8`P&
M*$`%,)``'Q1`#DLR``0X)",5(4``R@H!A]XC``_\((G]PR0#G+A)X.DM@Y^D
MGRAU0<JHI6`-@"S##RZ`AA*`X%((T!(%&,,L$%3`2#J0P1I`,"\AZ.`"1[FD
M"X=)#JK\CBPVQ,8=EYF+9NHL73[R`'LT8*<N>4!+$TB%C5)TJ36D@%#L`D$(
M<`=,.#*QF';[PSNI$DIHS).>M[`GP>:P`A_D:@P=@-,$UG"!"U``!#]`0P$X
MY``-0$Z7%PB!#\:5(@A<8`'`E.`Z(SK1>!(OF0>L*$93H=&/G?('[&*7$'[@
M`$&=JUU_85>!4D"'<.6K0%;_$(``DL+")>8-HNV4:%@H&L4I#K461:56?/S0
MLC^`1F+;855X:J8*$=J!8OS3:1S9:3VQPE.HSKCH66>1UK-:IJ%>;443YW@4
M%]1!`&3UI%D'JT?*'N.PZMRK$^LP`P9`UJ?6$*QE1VG%T>8"L\'<*0P9H`$A
M?!:PRA"M:5E1V*&B5J\/S:3[D*(!ST9V&[*=K<`6*%Q?H-:A7]7M-\JB@\?^
M=GM`W2!LZ5E;C-XVL:Q8K"9UX-KG(G.RQ1UN>(-Q7.SZ$*R]PTIK7UM64(Y7
M6L1][VFYEE/S<@>]NU5O=T%;C>`6M[KT+*\P8:A?]DK6O?(%66D3_(KK#GB.
M!?:N_SRCRU_3`GB9`IY%!-JW7(IV]J_M56:"+RQ*!\/"8"UC73&H4H<$U`'$
M!Q:Q?$F\QPPWV''IL1E<7;-BK+@8QL"E\'272>,\FOC&I*/*_G33XSG\6,(_
M!>]XBTQ%&[O"9_*B&-?DE:W9$8.B3ZXP#87,8"KK\,A7=LP82N"#$I0@`0DX
MEQ\<@`:*"6%!#>+RS!CW"S"_&,JA)?.(%\S@5EC9T*E`%B%G,*Q'"N`"#G!`
M5<?TAPV$"P-4Q0`&5F"V(2O6QW\6LS3\*UPSWQ#-:<:`HC"`!A]4@`(%0(-^
MUK"@'U`:`13P@*)<$-,9+,73V04UD*$KY?":NH.'?D4$4O^0@`+HP`=E8#2]
M/@"!%,R9TAXH08T@T`%E=38I'-Z%GX?]703/F-"%KAA],WOE1,\`1AKP@0<H
M<"@;K4$'^O*1C-B,@2T5(`&[`S<PQ@WH_@KZW/%-]RR2[<-41,`%EF;J="(@
M!ZMB@"IRF`$%*+`"`0@A`D)P`9@@UF=A%[R`!W_OL1F(:L7BUWTF%W4T2#W;
ME2>0X>=5[G)C#NQBT-S"Z%;XCO-JWZJ\?.=.#G7/B?'ST=K<?CB_K\ZW07"9
M6S3E4PZZPEN>W:-3G><A#FJ9M9[NJ!M]ZMJH^M*'T73+/EU\7,\Y7S4']AB+
M?=`)%_J)UYU:S?8UZ>2><+'_2_;_0L==ZG.'.>!//N;!E[KP##8[5E[,M`""
M^DX8%+RY4\*;B[S]>X?WF&<3CW07EV`I89?N2KSL><@GV.P4I2#=DW[ZS$=Y
M\R5AO44^O[S#9X5]8:4]ZNVN>I7HOB*\1Q[LL2)[Q9M^^$%V_$>.3Y'DPR[T
M2&E^A^>P@3K4?NW":#M'N":SCH&?'M;/G.1U%VZJ'T4#WH<^L7%/DIN)T#$,
MD$$=&$`UB:3?<*$G/-KG?G,`?]^7>E8G$NAR4AMB-A/Q?_G#=\CE<@.8=N\7
M?[87:-+G$8[1,C\S`Q=@``]@)W4@?PT!@2#$=[CU5168#59A@":H>3*V$JCT
M`#;X`'*@_W]SH#@/Z'K!8#6C$C;R$75ET8+"0!5"X`>_Q"I4(4(4=3-H4`<4
M8"$YUH'KD6)*EF+'P718UP^1D3%-PU8IP"\[%$20$0%Q8(,68`7A8189*`R/
M00<8X&;8PH-_<`>)DV)_,!X4D!Y&AQ1-01WOL11X%0LV=P>3ISU@4Q^^%WOM
M-PQT(`>YX@`^8&V4@D+JYA@;,`=?\@<IH`/R(E`3LE;WYS=LUX7[\$"6L0+,
M4@9"@@!E4`:=0E4ULQTK,`,0X`$&H`0Z\"VHHPR0020^8`#X)@0+P'_LDCCY
M]QYV,`,(L`9^P4&)LP`RH(S*2`=%,%>_2%0^"`PK$`$8@%-XLO^(0RB!12<\
M6Y4,U(,`$V`>U=8W&'!*)9`"%%`"T^$NC[$!?;0&=#`&.Q(A8W`B=$`!`/<#
M+C"%0^=SJ*@/20,NT)8C%-!4#R=O"C)7_:@#'F`!-3(&TR$YT"`9<S)(/N`#
M]>@#%S`#PO@CW!<"":!/I?@'#,`$(B`"3X`$56`"09`"#*`R3L.->2<-,U`&
M'N!8XRB$S-&(1X$!I$<,TW0L#G`L"$`'%:`#94`H%G`!E40GK%)G(6`!)AD"
M7+(&%E`"4.D#]^8C>M:3OR!^/9,T[%(!@+0R*>,'7N`#'U`"`ZDD<6!0>QA$
M'ND,D9$B)?`#%>`"G.(#(3`!%B`'G9+_(0RP`08@"!L4.'^P`!+0!)C)`B-`
M`B3P!`R@EN*E#1<0/9M8E,7!B.:X.$=!`0L`C'3@`@9P(G5B!PB`D9+4+%\2
ME8\Q`T(0`A#`2B%0`"!@!V6@`2&@`P:@!;5Y*54(FKW`EO$P&78@!`6``-]"
M!SYP`O"1`A4@:7\P`[:#/J"(0G[(A-$`&3(PDG8P!@@P!F/@`83B`%;2*3.0
M+XGB`!:@E-6Q@PR0`C>PF4X```$0```@`3BUC?"U#3Y`FE8S3.2G'NGQ1>6'
M%8IS-6^(%T@Y!R40BLA`+_(I!R$@``8P!@+B`7.@`_Q8`G$@!U7H1HIR;2`P
M2P8`HKCH`.:"_TI`LX6GN('WT)`88``Y6@06\`!H8`<"\`!;$QL+6I]A:#33
MX!C`(DLA@"D(4`$@``(Z8`5)(",%L`'_$20A4`$_0#4[>!1;T`8!:@0$Z@0P
MD`)V,%>P8'.C:0`SL(/[MW_[*3FQ485F&!M*418E>'X_L7P:RJ''D%+W]@.)
MA"7EP9MSJ"]`>H9^,`,!]0,3X``H*@<"L*AMQF9HL`(/I)`\2@\-B9@2(P1E
M8``?8!X/4`./(0`6`!ZC(0V0\0,4H&DVJFDKD`*"4@-8L&81L`!UP(H8@%3\
M]P?[UQU;P`(#:@0````LP`%;!:>D]9/1<`+1XVMS(`3#:B$Q$QOF$O]7/:0>
M5Z$4_!>HJ8%]6+&ASL`NEXA$W/$#5U**$>`'`I!C9G&=&7,N[MJ<".H+T`D/
M^X,`&_`8J+H&LH0!2/H80MHWLWJ>D0&G?G@4=&`'=Q`!&7`%5Y`"=\",='"L
MY10!8```:@JMT-H%CT-8W?@+<SH#,B`';?1F!L(J#J!%H)IHV\21^_FG#I``
M+L``?R&H.T&H[(H,2L8QZ>&'$I,>"U`"=W6&^F)HJ%,@':.CX;>0^3"P,V"P
M7@E+.K"PK#*6IT-]R3`SDM%6?E`'U'$'8J`"1D`"(G",\_*Q_+>#50`#(R`%
M!,H"?,L"7U`%\0&&M+6ROK"@!K`!<Q*/)NG_`/\1:42R2@5PKW\0`D"*HOHB
M`'5;`AJ``+UUH7>AKH4*C#NVIT\(AN7I.%$[H1Y#M7UJM<$0L.^0-'9@JHXA
MI#,5`FFX-=4AH@+`8^<)5UJ(K/."!P[C!PS``0`@!5)@!&8PF27(`'>0`ADP
M`@-*H,_:MR,`N!0KN`FJ#=AJ``10`A8PA==4`3XP!@HEB5Y)I$>Q!L_X;&@`
M`5-)*0Y"`78@M$.;FE6SKH:JCE7Q4-I#%AR"08QW#+"+#A`3JC\*,#+@E?;Z
M`4B:,1Y5!,Z)#3QC%M0A`UW0!,T*`_=:!#"Y`$\``R0[H,\*K2S@!)H9!"2G
M)X3;"W-*`*]IO@HE_Y\E4"1&`FD68&V<R"DR90&#Y`&Q`B2VDD+IJH)%1U%%
M"T,"?$PR>'?Z8#4%HH4:,J39%"O#$AN,R2-`8@`8\#+IX*?5P;1=L*9MH`)5
MP``?*P!BT`1&4+(G#`!.$*!.H`)(X#!.[)/;\+T$L``I((DCF2(>Y5'G]`,6
M(`#AL08),`$&<`'CRYBIP%0#,L5'S(1=!3K\:S>;1#UYK('T1P]_>A2LPHH(
M>X,/L!_F`H9(A:F+B33_"@YB[#(.T`5R/``/,``9P`0+P`170+('8+TGS+<F
MRP(9@,<9:',-$#T$0`%8J0,S@%*$,B,^,`.@6)ML51YT<)SQFR/IL0$7H/\@
MG50:H+O$<]3$GCMJ6!L/+(:G*T"6ICR")W*5@YD>'8<&KC@!,=,.L9P*"X`"
M3C```#T`),`&(H"W!^"LP`RM(\`"U\L"$F#,QR.GRLP`YD(I0[P"S_$>!1**
M628#^,*OL8+1VX&_(Z._3)3)[;3)#M#)!C>J[C!,)2@`()"&IHP`-7!7^C*,
MMF,`MC-OX_*MK_P-^VP'#-`"(R#'SVK"1O#+F)G42'V]<QRM$%VM>ZS,H@R\
MNA&\JB@;X]R_NV7.),T+!VP.5-%O[_P`(2"KJ_,S8B$N9*LVJUL=1=T$(Z"F
MUOO+`=`$<;S7=,RW7S!`$?W"O,#'80T<RQ<6K9G_TF"-@(7]D9!1`AYPUF50
M`P<ARGZ`!W90!$6P`&PPH%)P``)*`GHMQP&ZUTBMPBH\`AY\C'.`!UC@VF^*
M%7(PV]N0`U9]?4B,R7/@<9J\V,27@*/C&`MJRAY0G_UG$-D"'S(@`4:@MP%@
M!$T]QZ5MVE"-U`,]DV:`!";`!!O$*K-MK=!`V+AMR7V7-UB!N;W-R><\<^D<
MQI#A`#=H`1/P%]S:V+#LIVW%`!G`P<_MK-(]W7P=U4]]``3^QIS9`DR@A1,@
MV+M@V^!KW[4!NKRMV.H-X;<PUO?-L`B``-.1%'5KX=L@QO#!!"1,LDT0U<),
MW:2-PDA-X`&@O!P\`AFP_QB.L>#@_0SBK7XF;=Z[O4$4OM+K?74N;0X/M`+K
M(CPM3!`>N"YV$`%X"P`'<.(J+,PC,-K3/<=RO-`IG-35:[TM@%.RS>"ZX.`$
M`.*H@7U'(0`^SL05SM@]RAMF;@VA3"E'3N)0#MJHC;VD#>!QW+<,7<)=W@0P
MP`0/\]U5_>#C[:>7O#A_H.;I#>1Q/@L8+M2=5Q!U$+1S<.0+$`1LT`2@3=I^
MOM!8'L=7_JQ8;M<$SM0H4`6@8>.U?=LZ3MXKV'6-ON;EW.:_'>G%\-;]4*[\
M*9,D`,<,C>(I/.JF3MT`/J"I#MHR_ABN[KVP#H`[[G*U_N@LC7)#7@Z\S@]6
MX?_A`I`!P>ZLIC[L`"#JQD[=HVV]HRV@4?[+`'`%*?;LV4#FNGX9:-[CQ.3;
MU0"$^[<7GG'MZ+#M]W#!=>`"'(#0)YS:)BO=*DZR`*#7`>#N>9WN$:^W`-`"
M[&1S.2[MY#V!/I04$ZY)^DX-W<X`"R``);`!%B!+#1/DEY$5;7,4!?``?!W,
M_TW==EV]2TV@`^K&7)[J```#<A&)M*T-])[H1`<Z28%V%ORGOP/I.[.#0N`#
M#0`"#9`#,5`&B@'P7,TJU9@"D1W,`GKLYW[";]SE$8_7/%_NZ7X`>ML$)(#(
M1'_CSK#Q$=CQ29R4E;=;FX/K^WX40F`!'Q`#,>#(%E#_`9AN'UQS!P)P!;;\
MY]!][#4OH#F?]JENPM<[`,S*[K]\`"A@`AA7]/,>[7>OZ.ASCNN:V.DEA7Y/
M\DW18AU``2C/,%Q?R7,@`U6@`C;8!FJZ[A._[@**]LONXM:;PC9XU$GMXD:0
M`8FC\:2?@GBOFJ$+0S+@8E`OYX`H`W?P2=26^*@9&W>P`$!P@QS\K'8]]B<L
M_,-_T-?;!0.@`H]O]L3/!L=H<T<?ZZ8_ZUW']$T/""L;<PYSAG^(B8J+C(V.
MCXESB)(8'W$0,G^2D)R=GI^@H:*CI*%^?G9TJ24/K2,!`49&L+2UM`>XN0<`
M`$XL>DP\#P/#LP"W1B0F#'(3_W*ET(XG#P8$F]'8V=K;W-V.IZ>:$-01CX=_
M`G7>VX:"=87GZZ24EIB:\OCY^NO@?G1%`.GH:,6"Q`%;"'7I:N)+11LQ9^@P
MF-;*R#$IN$C`R)""F9QG^SSEH&8MI,F3*/?U$_?@0SE'A^:D2PFJW2!XUV@V
MHG<I4TZ=0(-RZY?*CE$'"(K=TE4+%T9<O`"P4#&`AP,L=H3(H"@+5Q,289@P
M&-L,I%!$TZK]/,NV+<J5<\89>&EN3@0&;AG9?&=HK5">]OSF'4P8'"(Z][!8
MB?,`P%,I3P_"4A@@*@H1$2+<T42G#ATZ,QZP./!5!!,98QG4^6CV[$BUA&/+
MW@9WG/_+NH8$X(W=UUVA.H*!;J[4\][LXV[]3)ISA[E$!0^<Y(K,-!<L62V0
M=)R#Y\]FQ'^*9.#`1H2)!6,]D_WH-FU)Y/#C0ZI-KBYP![L)&ZHCB$$A!L'I
M!!QQ@<EG8%MS,/"#`0\8<0!D!QCT5``*)6,:@'.<TMTB<Z2P73R(E.76:^\=
M:")\]-T&DR$,8)"??G,LL`%?(+(U8#T^G:@C37;\P8H*#T(X'4(M/('>'W:L
MI$A?-28B8EON!;CCE#K1-Y=]*[@@Q&R&+###'!@(`=Q@-Q8G)95H1H/8"C$,
M8`1D&$W8A!$CC$#"A1@FJ9Q><P`GV)-LD7AFFH3BDR)=?/[_(0,%ZO#6C@MU
MN/`#@&2"B:-QA6::#1YX"*#":+C,TL17,+1@1A5BU:&.*GLFJLF?SK1'TJ":
MUHJ-E8AR"-P"%+R85V\4S"'IF'F56:"MR(;2'1UW:*`""B1HU(((9IC`1$<,
MH/(9>*_RR:0C@+HV:[+D=G,H;C\DX.NO<ZR`@;`_-"F4L3F6:Z\CW9VR`@%7
M(&%""AEBVE<XK\KK2;A"17GOPJ7@"DF"O*[K5COO2FHP4/1BRO"]YYR2X%C-
M*?DMD[0V@G!0@FZL\B?GKAACL%RV6W&\)8>4<<TK[WB(87.`U]PUK7[[AY*A
MG`R4PCDGW8C#+O_@@L0(R@SOQ0):_VJFTN0:`DZ"0WN<2#_*&0*>G@07'6M;
M*6.M=M?AQ-52KDMVR6C,[DZ-LSXWKVTOUUV3;=AAVR)2MBA&ZX2TWDDSO5.7
M)=QM$L5V5TI@O8A7KDWA-*5MN<HM+_Z'`RXX'A+D%HLN3]Z;IUX*YBD=KOJ]
MBL.T0`2FZT,ZS9)?6OOKB+..DN:\E]NYMS^\2_?,5-.$>O#,/^+[2:XW;VOL
M''9)^_'"`IP\2LNS)4E,0M=5<%^ED+Q[TL^;!+STM0[/"'`_7"\;Q764T)'&
M9W6??\&J`M>H(W[RTWZ()0KSL6\1Z0M)]`Y8*.K%K0X1:!SV*/`#=9QO&_K[
M2U^(Q3>7"?]P/X[['OD8&**S!6I<)-24^Y9T'P%<<!V0P\`"_%0LJQTK:AM4
M%88>(4`,;8^')$OA'Q*XCP4*<4H.C%MF7NB-&%:0B=G(8%#440<A4"`!"6`4
M`?FD*@S0;(0%'-,/4T=$?:SOB$CDF6W@%HG<%`)[7MRBC6Q(.>\90@8)`$$9
MUB"$'RS@#JI)`7`8<#]#.,`".OA?$+M5L+$L(`5,8$(0@B`6$9*PC/DP(AI/
ME,3EU$$`;YR?U+P8&RD"92R2H,,//#`$!ZSA`B6@@`\*`((Y;.`".A#"'2+E
M@3*HPBA,\DS//D/("%0!"5<0`1M@8)`#B"`%=Z"#UEK5/$SBXXS_F^2D&M_&
M"0B&TE%U(R5A3"D4.ZP``C-800@T\`,+^*`,7C#`$$(P`01@X!]KT($!,'"'
M?OZC"-)T)!.0T`(2C*`K07H*"9X03;(=T)KRT&0V#=3)2$1@`5#DAA-+24?\
MG:4O,T#`"LXI@!7L,01X0"0"T("&'_@!`V4`005\\!DL(*(.#%@`$S(``Q3,
M22%PBLPS&6"4)#W4A.*"S433V+8U/JP.%#S.1L?9T8Q"0Q)U2($!M+`&-,C!
M`VM8PPQ"8`</8"`$75W!']"P!C_\H`(.T(1.S2`!@_Y4(7C5Q1.(BAAJ,@^B
MZY#H4E&TS2L!D0)J%66[:"?.W%UM8GV2_T$))HN!%91@`C_X@0/\,(8B"""6
MJG"``P!)`0%480H%E86#II/7O+)AAIWQZ.L`ZPUL#C8^*U0$@%P4L\6"Z0<<
MG9QL@7(./-P!-0`"Z"^->H\[IB`(&6B!3RG4VNK&Z4$+Q0L-I4?;;@CVMK.I
MJ";J8#PN\<=%C:VA<*U:"H#*-0,H:$$&_O5(!T32!":8I!DR((*"-@$60JHN
M7N'$6C8P88R]0ZI0;`O>X^0V$HOZ'SC?E5ZWD),FG6$`$UHP`@"H5B/10@$*
M5"N+ICQ(P+IHIH"SBZ2CMB9A*&PP10O+QN7(X%WLS8;<?AM<W0UF`4&`P3%T
MP8N[HCA(1\XK=?\P8N"`L:^[W/BNC`?SX%?Q2H[L2A=Y@4O5]>H$C)I(01A\
MREHI1&4Z!$ZR=4],G13OE8%0WL8%QD6T*<>FHH:(GX1A](,M\+C+/D8)8IC3
ML[`Y0`23P6M4J,M:-3NZS21X+=14%V=M**S.=J;R-E6T.`?0+L?8R+.?*]R6
M"_,#%78`:$Z?0`(`X(+1!]G%F7719D<+>,D16@:H-57I;,P9-IC.=')H7!<!
ME%>4??ZS8V^(DG[FE`DB:`)>*42+J`RYT;;.]D%0@(3F/%G!0;GTWX2MZ:9R
M<T41P,!P[9AL4L_1RRFYPUREN]I7(T06BZ:UMK.-'0%(\]LO#LJO2Q+_;'*?
M!<]VJ0&"4R)J9:LWT/OHBPRJ<`48U/O5UJ$0B8^1:*?L6\VC:@(*@G"'(KA8
M5DHUN&RJK`D,S$0V?DI!`AQNX:H^S,EL"UO./[895,LU!6:8A:,1PO'JPAK%
MM:9U+%10!5:='$HQ5GEAB&T.#'P31AV:N;OS9_.Z^(%3>VI;P'K$HMU$=J!L
M0$&2KT-TCA]]WTFW=V4DD(+/^#5XO<8&@Z4N%);/@0)7YW/HMCZOKJ^(9^`3
MFW*1U!D9"``)(HB6FJM="XZ[G=H?3[(3.""6/W"+N^`^6M3Y/FQS&W9Q)8!'
MS'A%\U(;WA%Z&I\F-I,*:>)4ITBH*PG>WMH`__PW%K.8!4*6DGD!2Z4+)KC#
M*>Q`*=`''"A[)WV5-EWC5V%`>ZMG+)>77<>EM0TX!`.'O`<J`F8Z)<`"G@QU
M,2\96^2UX]HV!@M&D(&>WW37F<I[-*0L_;=0?7$4M'`HT24N1'A3]'K?@`J(
MX#=SX'A/$'FC@F;HUWOM5X$9-WPFIFWK)Q4J(`$+(#CK1FFAIQ/1UW_^9VZ<
MY@@E@#NBM``%N'T/]UB0@`?+9Q3=`4@14'X(U5I)MWZ2@7&8MWX)47S6T0M.
MH`)7L%D.!6<C2!/\9X(A(5Y_0`$?B'_E$R,OV&,R.!^H\'7]M`!FP`%=@6L#
MEGZ5@8&AXG[39FNPP/\++,`"'&`D`.(W=\<[^@<-)0B%44A]#Q,!F2!56-AZ
M[P9Q7-@C\F8"+8!0U^5Q;#@"S#0"HS)\[:=^2\%[E`%\E?&&7;`#^"$)8#,X
M?]6$K3-Z>CA]IE=]FG`7R$&`@LAU\/8P2.(',6(&YF=K$VAO!R`!^-4"``")
M&'B&MV")[W<`1M`$;L@"8A`$J!$P.S-NU22*OT.*I9@2568(P6*%5^B"K5AX
MKP@)/:)A$)AMB^@4U]$"08`>#!`!'-!AEU=Y`#`G.\B#$,)V;M@%'.%M;71$
M=U@*3SB-\H!G4!6"'Q6(!H@Q",@(RS=Q,!!K1$B,```#9G`&WM$7`L`!\\?_
M"[5@$5'Q4]+&D$`E!;1@C$[@"RUP&OV$C]FTCZ20A_[XCWPH.]<(B-I8D%73
MC4N#)`MP`7;R:&5(&B1@!B893(1@D8OFCF[GD1=X"U$!A_<8-Q.EDJ/0CRUI
M+O^G%ROP:=@X"JQ(D\ISD(RP+0TP`"IF7;<8*I?1>31X4XE`2&#0!DY0E&J8
ME,/GAE_``P*P&4AB5`(H@L]'@M(XE2KQDCL1/V`V&%L)@S5GDWI1!P"%`0\`
M)$@7=R1@!"+@`)[Q;TC2%\0D`!(P`&^)D;]X;]7&@7P0!&<P3)]!=GM)1M`(
M/7\)F/F`9P[@0JLY.H%(`2DP"3'(;#OA&7_``$#P_P!PYQ4B<)>(X2?^P%RI
MT"$Y,`!O")>Q`(RTH%J5(14L\`57<)=_0(-%I9I922Y0*0HL"9NT(9AZ`4K[
ML7HN!'C?LYO=UPB?@0A5\``C((X8800ER0"TQR0`)8O7T(!7,`!MP`+6=@SM
M*'S5^88JP`%5`"#Y\HFW%9ZA()7D>2M5R2$NMUV.XH+U\T;?V4U>N0C2)`EW
MT"9C>608T00PP`3CE2'=(39TX)^'\!DRL`,#X)P%>J!+.0(<<`7_,A:>]S4Y
M5X<I)*&@,)X5:J$H6'U@`@][QBX<FGH?V@D7AFKDXP`#4)^V9@0P0'*Z:1C_
M$S9]D0H,L`%MX)P$2J#'@/]O(S`5(R`&4U`%*;",_;-%8+-41OH)%)JD#7.A
M2U("+H1ED*6-4BJ0W!.B@@-,>$D'.=`&)TIKD(8$RUA[/3(T(YJ7A&8(`"4#
M!'"FGOF<Q]@%8)`!57`&.Q0)Z6$4RG&G3]F:ZO.:?#H4U/>)AD$!0E"84.I"
M4EJ;ZV!JR_$J`N`!]9EFC(AD*)`!,G"IB[,)?6(^#+`%;?`!*F``TZH"7W`!
M02``&#5-=\JMM(JGKJI`L!JKVH`KM!H.);`EO&H[@0BHN'J`BFD.@Y0`*B`A
M9`@A39`!&/5YH6`(_915*;```BM:*Z`J)'.N".N,:)2G(C&NY*JD8;-&"#L'
M"2#_`^\:-81*FU,*1/&Z(IJP`A)@)\2:4+@@`NA!I)[0%_II/HLD.`F+L.#:
MET[HL`\+#>:*L!6[KNR:L1=;DX3("<V:(!5)`D'U&/=Y(<HG.@GR01L4/B[[
MLM_:JC*;$DA:LZ8PJPB[`;>JL_C`BN[*M1B$J(O9)SAE`K68"]$2+2V0?*RR
MFOY#MD+9K(L`M><:LRA7(E9+E:>8L+TBM_/S![-3/^FPL1S[LS='/@Q0!4^`
M!$^`7XX;2=NA"N/3LI.KF=O2&?%)/N?P/003H^!@5.'`JBD9KOM0M7GK"8>"
ML'30MX**L;2SJ]QGJ`^C&JGA/ZEAJ<?I0RS;2'_@/W\@_P2?H2J8"R"(<:E]
M,@FKNJJ)T%=#:K=0EW*G6YY[>ZYTD*X]^U%U,#MS\+6Q6SM]`A!%X)NL8A@C
MR@`RP+0Y$4R>5K"?L24.4+#-E0@CI0E_,SL.L"TK`$J>J[#Z2+IF1+/1"PJI
M2[V,0K:SH2H+\"ZE=;SN*;N.\#-#([<]\GVJX@`EX`(R9#XR(`/U55H+T`$*
M(`"9I5D_``*`5U(B_+YH$$$_,`9"D`+O2P<:``(@D``I$`$NX`,:D`#[B[),
M.+4HL:<!_`@W2ZMXA"%/BB#`D0(E\$G`1;@`)+;SH0GI@5,6Q"2UJP$5H`$:
M0``"`,,"$`$4X`($P,4=`,(.</\""2``^=0!L]15/N`#"5``,W`!'6`!):`#
M.N`#&U``%X`&?Z`#%"!+$+`!/@`!("!2!5>D_IL/ICO$";BD"+L"?7M!WYN[
MJ;"\BA!V0XIX3$P('PAH6WBU=]HV('@8(/``<=`#4S`%&Z``/=`#9]P`!0`!
M$!`#!1`!/C`&/X``-!P!%W`!/N!5&C`#&N`#(1`"8R#,&"#,":`#=@`"SK#'
M%-`!)MP!4)PL#-L)0@S)"$ECDUS`EMPB(:`%!8`!OBFDRA&CGK<"<N!OW=HA
MC>,`H=R]?0JS0Y//GB<'#V`!"M#*'1`#$%`!0(``%7#0,<#'*6#,+E`"">`#
M8C4!%&#_S,;VS'*P`0T]`3J``12``27P!P^M`6/@`J"3>B"06!':R-<$P-[,
MA9)\K@O0Q'X;#>U``010!A'@`'(P!I\SQBNPNA/@>6"R4LUK")],SUK(FZ1\
MIPZ0`%M``3*P&7>0`A30`PJ@`!=0`!40`[B<`W8\`X"W`A8KUEM2O?<+O'2P
M`K7WTW2`UL`%'OZP`F6=(&*R`MF,+-O,"=W<TE\#SN>:OP*D8WB1`@C@`A$0
M`CZ``,M\`0A0`G4<`C,@370``CI0U/(,RDG]G@*L)++H`_Y,`!@L`#9-`%-`
M`!U0`+BL`!@L6C]@L3D4,&W]-ZUR=Q"JO&2;Q*,+Q"?QR'S=_]<O3:OY"R"M
MVZ]S4`0Z<`%%L`%DE4\00`%R``(>D,PAX'G1K`')*W9'7<\-;#JLZ@^VT<H:
MH``=D`,Y0-!`<`$YT``A3&BJ`4+I:7>SG;PM%I_7K<]";;"XO4EY#0E[W=M%
M_(GYZ[30L+H6P,MH``$I@$XA@`$S<,@ZP,NK2MF6G=V9[<`M>D?I!DW^VKL@
M$`<5H``:<-H'70%E8``?<.(64`%8F7B<2[<N+G86_G0G!+V]+0H##-RJ=S[_
MH`,(D,PET``QD`,_H`,.P.`E<`$0H&ZJ(`<E`*%&W<1(+<I*#8MS(`0GT``$
M0`!WT8"?M057G=4$#0$=X`(44`(;</\"0.`!(#!:G/#B+TYN^_T(_<W7_PTV
M*8!CPQT*1;`"*7`&*5`%8!`$<_J':_(#S`N\3AXCZ!SE]OP)3+("2;'%H#W&
MKWP"!:#5!=``6U!2>%D''.P`%KL9P>'F+@[G*BT/O%WC-_Z)/Z"QV]`9<\H`
M&:`"]K@`I]##7>/;8`JXA<#HVUT39"L$!:#*(%#&XIT#J!T#N)1Z[!R_E.M]
MI/ZRIJ[;)C'G+5WG_:!9&HH-YEL`4[``5T"@(V`&S1ZZ^\O.*Z$.*V"9OIZ8
MA@L)?L(``B#FXFWI,;#5(+"";),ONODU4A+M4#OM(\+2-3ZWYKD<,B$`RP>A
M,`$@_90(G.+_>54`B3`P`@/`"^/.`.`!/M[)K+W1Z]H-602BKIU,OIWAKRLP
M!ENP`;%\`?<>Y%[<?(Y>\$YRZH%%\#3_M!%;'VTT)@[@4G4+0`QPJ]N)!7B`
M!<H![KW(`IX9%2798B#X3^W=1NT`\HXR\O<`LYTQ2#;=`W#@\@,=`R9LUS&>
M\S5/[2&1ZOY]\$QB=0LONGH!4/X:U3T3(Q+0"Y[YF0_)HF1C%-1=J53?+E8/
M(Y7P`1!`\A.+"/Z1`!K0`P)=`06@`&MLL8QD]H1C\]Y@[=X<.R3C1?@,GP`A
M[U.P`SU``!B5`BWPAF_H!.S(;<SZ&61[N9]7]9A-^/6`^.?*'$Q,_P`*4-X5
M<`$:0`&GV5QW/95Q[@AJ3^?F23*X^?GP24@P\(8CH`);(`,KD`&JWV'&```M
ML``;[()5$`3^\D>B[KFOLNZU;YB68OBX;\04L`$=`/85L`5Q)7N18/F7C_9%
MA/,Y#PA^@GY_<Q`/!A%_BX6%=7\8/XR"?X1^<YB9=9B%#!P`30!.+"H""T@C
MH$T!`0"N(S`D*"BI`",H+28+#+R,F"L.<PX+C,7&Q\C)RLN%<Q@?<15"FW.+
MU7,I$24)&GT%>A`%!`[4C<SGZ.GJZ^SM[N_P[7(3<O'VQ3F(!-7W_?[_``/V
M&T3(T(,/BGQMVA1A1:5%A![682`D$R8&<_\8+&C#@H6340,DB`C59!6K5BP&
M<$PUPF0H(R),,*A3L!HP8<0$QL/T3`D$!K[NS)$188N&`C$*5(@!HD0*3)MT
M2IU*M>K4>?6LGCNACY_6KV##!B18Z%`B8U#G4/!QPD.(1G/H^)$Q<>:<A1,C
M#!C0,26+$2.,G&SE*N7>`4Z:U`)PLDD+!PP$<;HY3.PYGM`@3)MSI\X"#%NF
M@#@!I`($!1CH6N1DN;7KU_&PPF:4S\"^V;ASBR5K$&&QU1@<4(`@QX$&-&/&
MR`%!80&W$A@S+ICRH*^3-BI4`!`<P`AC`"D?B&?ARI5)5D9:,+E#*"KEG+J;
M/8L#04;&'Z`5-,C_40`(!!`)+'!7'012XU5\"";XE6RX<67;@0I&*.$ZO)F5
MD#75$)@`'6NL,4<(:UP0P@P6Z(!``A6``$$P=<@PA06'C6(87Z.$`IX*`XCG
MA"NMG,1=`#`P@<<E[@53&8*8T3>-``0HT,,%$%1P`0$88&07@==$->&67,9&
M3VX.WE8))5V6N66%!UW8S$4EE%"!`RM8X(`#(:!Q@1T(K&$!`B$X((,),,QX
MV`,Y'O977X:QL`IC1OQX4I!V%%'.>\C<X8`++@A@7UH#_F-1(_-!L$`54VB0
M0P5`7.`",1%QPAIK9L8J*S(,SG9!5V.2.>NNLZ%YEB^9,+"!`0!2D.(:_Q"@
M$8(?99A80@1,B(`">'P->IBAB"*6&&.#L7)``-^28((,=D3W!Z7(%!!'`0IL
M(8!0YF9RC[S\J`4-$$UV$$-I&T"6*Z\`!UQ,K;"%60U9`B?\%9J^`8N)$#/H
M('%Q:*#A@``88%&"`W+P(`$;H<@X(Z'7[I4M"XT.=L"WWJ)G!E#RHGO,&N+%
M,>7&,,O;STP84%""`"F4`$T94_2PWPD-!#-)1`HW72;!K]WZ8*Y,.VTU0+ZJ
MB2$#)1R#"1U@<[9`!B38:,L(@IK,D4?DL3V8HR>Q'``;3.1\KI'P%<.``#H8
M()X''4RQL7WFV)-1"F5<H,$&&H`01QP6Y%`:!/]``!'!-6->K7F$4+MF,-6;
MAVX/PVIJLD!6<17C1QU"\&*""G_=DHI''+6Q%T>CE"<*MR?Q"*Z/`4@A10`B
M8$2'37@CP]D=*?CPP0/T::"!"T]!^,XC-1P4@O2.0UY!&1Z$[\'E2XMN_FR=
MMR:UF)F?[WXZ=MCABX5H+;("!?\>#U$U"X#QEQ.(\0@`6<"1:G5$=[[K':,$
M8X0#D(`$#70@"K:`A4S(#$/RDL$8.F`!`S1``PI0@`N&8:!EK,8::UK`\QX`
M@@TTX'$64``!MN`S"L@`(H-XGP[!DC[+?&Z'N"&($(<HQ*K4P4)%)$30!"$_
MB@CA!VI8PQC^P(`@P.[_(P(4F0$/B$"5L:Q1,&B!"$0@@3)*X`H2X`$%JK>`
M%/PA!2OP@QTF4H@[,$`&PC%*`]YP`:0`P0,]D"$%[D"7WQQ($W6@`Q:P@(=&
MXL$.&*A`!9H4@\=50$`'(V+5@,C)@/10+#_LI&LT2<H<4L4@B=#D`L9`B;M0
MY`<)F($'B"$#'N!(1C*J%E_ZXCMNE<0(#V1#"ZX0AAU$(0=:6$,!E@D&#K"+
MA@N000H8X(`44$(C`G#!!GK0@67&``(QD&0%+"">R&E@D)S!H-[^0"".;<$%
M,L"#_2B@`1TTH`((@!X0-G8'JA51E`#UQR?#4AOV!30LI2RE$9$XQ#<*H)49
M_^$%`S!0AA6`+049Z`*B-MH1M.TH@4T@@3!%<(4K\"`'_`D!!,!Y@QMP@`-?
M&(`!"J"!$@2G#M64YAA*0``0]#$I%[C`!EQ``0I@(`(N@$`<$"'#".3T4XR@
M1AV@$$-,K3&;C.OF-Q^7.`+<D)0'#2L\!@J64(I5*PD%ZRD9JJLW.L`.E\"$
M4.BP@CK1P0Y#`53;>%D8\'R46Z"`@03<8+2?QJ"E-V@F!V;!6!PAXH,;0.H[
MI]`!PQ:@`PK(P08H`#09"*@0+BB``0)9@`OHH`28A%`F0``]"&Q@`UO(Z@4\
M``V_Q<$#,5#`5S5YUMZJ@ZQ?*:CU?-N/$Z95DP8:KO_AZ%<_`41`?IGP`Q[H
MY`,!2&H!"Y#`=D3!1<(@T)<PR,`4D"G)EO*!#[*`8`17!DP2J.`#$*"L!D[@
MS0(T``1;B`!V-1"''H"@`1W8`'X3@($5R(`"&^C`\PR@*C\!JQEUT(%X'@"!
M&?:@`!X`0AD,L%3H6:`",R!<_8A+XF4`5RMF+?&\#+2`'UCT$H2@0R$<(N,<
M"H)UO'B$0"R4":'T<PY.Q2LGY$>!Q,$A!0(P`QMXI+MNF<=W(14!`=Z@ASV\
M%`7J/8#PMCP\!X[TI.&S@`<*T(,I9,H!$=#&%A00@\I"P`-E`!\$X*"!+1!`
M`S'P08<KL($$-&0U/+&`$@S_$`4-=$"2#1CJ!@I`3L@5H'7E*(0,^JGB2@_L
M2[@1KJ7]L1`A),`'$"C##V0\B3\<;PX128&*0#`3`NG$+!C8!"&%LH*@I8`.
MKK8#V.APBA;``#`?>?+;;H$"&*"1`R51#`^V<`$.-&IET/962$7:@C2^H0!B
M`,,-5-#H#UA@!U.8P@9DF.!P0`#`%]"#!RSP.`:/F]41H!DB_D/@30U(EB`P
M]+YR@%H&V%$()>`P`B(@ZS_<80$"H$!H-O"43:OXQ%9)L</;$2S6_0#$8]"!
M#R;@`(WKP#D@T,$*XB(`-$!@!1/1<4!@C4>GRJ$#B^L`E0IIZH,C`07>W5$K
MDAW,_Q94FP<\<$,&=@`#6F2GS#!H@F!6]D`8A-&,$LC!!0[KTI<VH`!QAD`.
M0MB`"P!!'"#H@`N"<X84.&"G)A</`CZXQM-Y0#PS/6<*A-(B'9S`5*91@`!.
MG9$ZS,<#</*L`TI@E,KV40#*G7A`(5X532O^'7>Y"`.4-0<?7"`!"$!#&1)@
M@1(@8`,(F(`?Z%`""X"`0$!Y-2(PX`(-C-<`92A-HF=``1;-80%F*)L4V,NC
M9(<Q`T-'*8;+<`,-(*$%@!E`'&ZP@Q;P?)AH!`.V]7"#'.S@`EV8Q4MYT(`I
MG.`"5X_!-X%@@1E6#]4$B8L<R/F`"L@0M3^X@!+^UJX"+_\`P1N`@QXNL(4S
M9"[R%/`!WC8#6Y``=D99!1`E,7`!B/=XOL5X5"%Q#H@.D8<)%&`!/X`G,U`$
MS1("9^`!:&`!(7`!&"!C=!`!90`96@(0J$0!'G!;%@`^C58&)S!4-2`#,A`&
M*-`$6@8N/+@*(35,.]!U*[52%O`\-F,&&0`#,04]8*"#U=8"8G`#%7`#Y\4'
M;?``'G`%(N!S(A`&$N`!;X8`X'0!"O`L9=!"+D`-1&1J)"(>9>`#&X!:&'`(
M<)AH3=(`X$0`9X`%*W`&%S,&&-`FW9.&4?!]B=8`"WB&D"$4KS)B$W@^$#@5
MCA>)ZA!1PH``'K`&&H<`9$`<6O#_@1-0`1V0`%A`!V.@`0TP2RF'->QD%C6`
M`-[V1^O&;N)Q`PK0!P2P`24!;=_20##`!B;51T4H?B[5!5E83F&0`2+P!5U0
M?6'P!G!P6&```QR@7B0P`BJ06WUP86(0`^I&.2<@!QAP:Y=P`AY$`!%P!Y26
M##_0-^(17P0@``Q``?FDA:_5!WUTABYP9T[2=5,W9C"$*A[@-Q]0`(PC`$&1
M$3>T"'+Q$):`:BADB4TSB5(A@129#)H@!!0P#R7@!120`%6P!56`!6/@!58@
M!QM"!S]`#^2@,SO!#P5A%B?@/;0X4S&P;BH`"U=P?"3@@\4FA-=GC#<@!K$`
M00=@!$W@_UCEU'T*4`!:T!\%,`42T`6*`0-@D$;<]U.(57T]L%/X\QLKP&$*
MD``-MPQTA7F(D`,$T"8;<`$YT'4YH(`K]4WB5#D:-F&WI0%!=0'LYP$R-$)8
M($VL%R`186-+LTD9"3`6J1.5N)@FA"7LE$A%<#Q5\`4JP`=,,`=%("D2=5=4
M-"")=XF<,).(D(5M8`'L]@%MT`5`L`5;P`&`H0(YD`$2D(UBD`%N(&`7H`6)
MQ0%'&6V-PI,GP'X/8'HYX%(Y4@$](`82$`8]<`)49U[7R`$-$`0)]P=%!5=P
M%5<48``&\$YY<PSQ\PATH&</4`8!=G62M%((H(GON11!!7-;T/\FZN)A`48E
M*>`"?O,`-"5#I=(`2#,&!X-#I#::D"DKC2D0&)F@"N$J#!`_0]$"?=$"N[``
M)I`!3U`W=X!K!:)R\!!Y#X%*V3$`1Q@'*K$7/(`$&;47[3<%MLD#XM4#AX5>
M9:.4)=%TP\0#.[!L4P`&.2(>&I`!'"!F,'=A'8`&5^=27V`!75!T8E`WV5E4
MB+DZ+E!^4X`!RA`7<341%'6<(22=I9@X%!`!8R```E!-*X`1[)01&_`X2^4!
MKI=?`L!H.2`]1?--$'`""CD'-/:0E<"E#BHP"QH0CSFH7N,JCY`159`*N5-M
MLV`+,/`NC@@K[`!H;$H(#@`CSX,CT$#_,CGR7CG`;,GX`3$P!0H`!\FY6"0`
M;4;@=$Z71OP1`P@0!QW`!$$`!K:S+E.P`_J!%#<0IWVP`QP`!#U0`F>P`$^`
M!#*P-Q2`!T65J,(B<QC@*M;Z!_'#"!J1`)CU)`AP`5,P`P8P`S^`IJ;P56LR
M$0$8!_U)-*BJ`4;3'ZI9`0W0``I@0PS00A$P`VB``2`P`Y"0``^!J+M2J`#1
MH`3K"S,A`$$@!M_E$:+@!!::>H:S&I(I`QL`/1^@$FT`#;9S&%EH`5.9`RK0
M88#C0F+0JBL3`"3`!V0D`<MT`P704F\7!PH0!&X@?3D`!UH0@QYP`56I`N74
MJQNP=XN`@]4@_QQ^4`(4`!5P-:)R4`8T1#@6$17R8PTIL&;_)7[EM%(S,`,;
MH`,=$&`;HPD9(31Q@`!8=QI.@A1)40']:0!BV``S0`<78#$N<`$=,`$@,'@S
MT%8)^S28-AN'&KAH<4=!6Q+E\1&,RP([`!2*&:)I\0/T5$D'$0<?\%X;"[)4
M*(9NT*NSM53$0@!7L(/A(@)]T$TS6W6-90!U\E]2MR\3U@,9H'U&V@!]@`84
M4`1^P$B"<'9X8%-6<K4%$0$&`%N(]RJE&6/[R9=1`@0QL$*(\%HG``$(`'L!
M1H^=\1F%*#UL5@$)6`!1X`+;<`$KE+87\`<1X`-%=0%K0`$Z,'AR`/^XAKLE
M!OL/"&NX?A`!L`,`!Q`RC.L*3J`"59`Z\[(:7,-HJ@EWF6L`&TLH)`,&>R!.
MXH<&+]>?"#`%5U!T+1`&<]E213<+34=2'0`'?20&+Z5M0&``%C`%/%"L4")]
M2X4`/O`#CB0(*<!*-L6&3+,)&^`!6Q!K@#89H!%;!'`!2W%9,Z0N-@.OH;94
M3;Q96*4`X3.5W[1A)Z!?!E('*<!!<:">*Z`#32'&%"!4=E`"$*`!DE"_@IL5
MA(LK;(P,>&`"`P`*A2%`?^$**``9;%JQ4+$"+D!^1]B?'P">!A"DH)IA@OQV
M%K!9??!VQTD`&<"CI/%2$-0=3=`%R[@#.:#_!WQPE!!D!M'4<8PC?2&0!!P`
M!CM@`!6@!@M`!WC`">6ZM&%98XQ@'P)@`?5Y?I(F'-K4`1``ER8<2"TT;C0*
MO7KP=5'@EZJ9`ZCJ)%*W3%`"O66P!"4@8_72#$&S1G7@8BQI43\@!&#C8G'<
MQF`"QP0+51B478AA'BV!-N2A`B)0-SEF<*J%H!B$"0M0`A>6@#'0;8\3I-?R
M`-GAFDO!;GR&4AKP9A:`+VY0`%W0$L#D'2E1`1KP!ET@"\_VOR9`:_P:;C.P
M!!8`!FZ@$0NPIJ:6"3G\!TSK!QR#&C<D5RN`64-E'RG`>@G6FY0##>%SG'I*
M.4M1.0O8`?4J?N*F_P!3]TT>@`#^<0$EX`(T0`6566IKDD[68\#E;";WZP^%
MFQO'U8:XH<X7D0)A8#OD<<<FPP(<P,<YM@#ZU:&F=CP4:T*X-A040`"]R@,7
M``<-(+326S($-`)=X)Q!=;U`H(@&@`#@^V8@0`!A\&O:.`)B8)1=P`,*L`<X
M]SO_VP0FP!DI`$(*C``@0#T6\6.,(``GD``Z8)8)P&8)0$@MUX_^U98E8&C\
M(<UEJ0-"E;=D"$ZE!6!$+:!*40&T=:=/:5HNI)H0$`%TD`(O0`9>D*T#F]6;
ML]7]D+^C]-7_%$1KXI!%0`&.-0"S8QB$X@02L`!%(#]T<`=(``-FD`*^2_\'
MO9`.&!$!T'P#M0HY"\::M]-1+U5&,PL!-^`!'?M'A?Q>&2;,'B,!4[@#0^=?
M_9'9@\'9G"$`3F*<1/44+9("<]<B,K`"0C.?"J"*KRD`3QU;7==!H_J4OCT]
M8V!OKN0`;]D!81?-OHTT8JLXE=4`):B=T%`!.$@':4`#5I#>\A2YU*TPUGT/
M71U$VHTP3DX)6.(Z*+`7LP-`AS$"+]/<*2`#3``#W=$"3[`+D789V$``?=#)
M0'"/-?,!&68!*G`#9712X-M2VB:;V9&,QZF:?*Z:&58`C;T%^H(`6K`#&QP8
MZ$'ASK!-=NB?';`%&;$?=7;7\*J(QPP$(`1@]>K_34D!R9,D/1$P:7*5%H^P
M`DI5C(M(VD/A`Q]FO1VP`E@`"0Y<`9&!!U9``VE0!+&>Y**SY/:`W:WQY%#>
M*W($-A/!!$\P1H$2;'UQ&%T@$_W#`3X7/-U!`O.,S_K3"7?]E%K0`*P^88@P
M;S)G*ON"6WS0!1%M"^`1'EKXSQ]6BX5\A!80`^@62+9)"ZF`"S=T![^,`3Y0
M3C&P`0B7`P$&0E+''UJW3"C51W`93A`PMDKQ@L>I*AC`CA;!"ZXD!+>2*F?8
M67;D;W<0`I!3!AJ@D)6PKD".:G00`B_@!35&:KQN-;X>#TWNY!#I3V"-065N
MYI8ZFLI+=W4!*(M2$HW;_Q%M``$NP`09F@$0^R.;;:%_($\/!F$7\0=,T@-S
MA@6T5@!!VI\4-FZGXA_8)@&_=M;KGA*/\Z++W$U_Y#=5U0/6I\%@T`4BP`:B
MC!$RL(L-$`$*]L47$`6^V@/<=U)].>!*41JEI9K=I+<*X!];8'8B_P`(T)8.
M8/'U0@TR4`(OKEQS(`<A<+S'\Y#K6A^50`<30`-9(!>C%_-7,_/P`.R6H2NG
M-B82.0ARD>V.@!&228$6"Y.)VF,2E0),D`$@,^$/I(U?(`9;4/D+<`4[Z3L_
M4A(P<)8.HPDSP3QKMDPER!D,D`$X(E/@;M%N@,3@VP!(8`8Z*,"QTP:I:0'@
M6O]8_1$#DF,`-R#XUT=?-S`%2@\9T@$(&U,7"@T%$"=1#3DY!04QD#<0,4`>
M$$`5$`47!G$%'0HY$!<N*W5U"W)E#Q`N+B4E#G-_M+5_?KBYN;5^0C4T-;9^
M&!]Q$#*X>%8T4%ZXMM#1TM/4U=;7V-G:V]S=WM_2<A-RX.71.0\&!+/F[=*X
M*S,Z.B5T?W3/?G/X]WZV<W484%C!H-N<60</6DN8P@22#")@-#$2X$"`BP%(
MB)``)D@*!@M,/('A!`!&BAB;'"#!1&&MA`<#UI$A8$N/`B<$[#O((,B7`0\^
M/!CZ((Z'$Q<06/#@@5"0*R-&L&"!@H,8'AO0^+@`*4?_`PL&"FAH`*0!`0)`
M+#@J465+@C%T[CA0,/;"!4<%0DR"Q/<1!`@5@%"JD.G"*A`;"@#).8=!P(,1
M$+3:0D#!%G;0=&GV8\??GV7!_N"Y1<P8,G]%EKRP<LNSN]>P8\N>3?N:.'*U
MMYU(MRZW.3]T8)7Q04>``SHK?@B0\2?%&"%_,#=.$`<#YH4*8VJG!K,.`0!-
MFF"T>."`E(H`V)@PP<1$!A+AQ8\/@/+B`10F&%R'^4>@AO\]0-"``Z?0L0\6
M%'0QP`!AV<7(#4!$^`4095@01QD=2'`#&!*$\<8;>NA1@!YE>$"`"Y2I4-0)
M&IS%`P0::-(#"#-LL,$6#D2@_T$/7&520!(O1+%!#WS]54$,=ET`@@\*Q"*#
M'`]T\(@<,MRA7T(K(`6"71L0L`$MU[6VF3^=W?-+#79@,=HPQ1R3#!U9T&!#
M$7Z,YMN=>.:IIVRW[5D-.NJ$Z6<U<WB&1@@IZ%`&`G+HP!0(&%Q0`7'0"%``
M`AAHD]`?CUTIZ$LQ,:"`2N.55QY&))27*DH`@"??2>=9)(410=P!34(,R$!!
M##TTH@<<`M2QC[!VE&"!!!8$%4,.431R`P<<=*'"M%]\8$$'4RSRR+/3=A''
M4!8TP(,;0`!E0113N%$``4)T\(")"<0@EHT:D**!!818D,02_T%R00,-;(!!
M"@*,P?^``PY$)]`''A2`@6,\R21$&1_\94$9&Y2P@DN\C$DF+G18002:=K)I
M6C)_")$$#L[8.>C+,,>L9Y\RU[);H#53$Q`#`G@PA@-E..#"*"!$YH,'/E@@
M2T(+X.0!;HTQ(0`##-!AC]4'T222&1!)$$%V_/T3T!48E5KVV64#8$03X%%D
MGA'D581"!LP)RW0$);B@@`>"]4"!#`!131,%!`AH`(,6?*"`"Q*T\<47TW(@
M`0\=-'#!)([<@`(**K"@0AM`!07&%&``<04!;N1P0PP".Y`L*UN0=<*0$/1J
M004%$$&#$@^$.T4)'[&30L(."/!,HAH$>\<9$3`WB[`ET(/_]P<8EQ(=F,#E
MHUEK<-)@A8'7EW9,+7C0@<,+-13A<L[LM^\^-C3G#&AO[]="]0\5Z"!`!&5@
MD(`C.C!:!2:@L3O<H4H_T`$(#*`#`RW@"2V`@1D<((2J%4$(,J@"&&!``OB(
M9P1(*$AT$E*'[8%$`D:HST52&(!6H2UM\:D/W"IR@":@(`A5XXG0*M,#RPG(
M!2DP($CP1H!>V:4`!@B*!XJ"@"A(0`PMX-`4IM`(O#2@!U.$@52<X(2I@"X.
M-W`##PJP@RCT2"V+ZP-1IK`%NBB@`+B#0%@TD(0DK*%-4U#`#`9F*X*M8'\K
M(!C>7$&9RFRA!!@00`ID0`=&1F<&_T"X$05`X`('H`$#+M!!IN00`3'1XAEQ
M8HUVQ.<\6F!A"$E(0Q&P<(OZN?*5[8M?S6Y&/U<&!`.>",$&?/"7!(!`#@Y8
MPQ!"L(89,&`,_SG#:!;@@V`L``DDH$@36F""!8"D"F%``0N:`)]6`6`$5UC`
M'?1!PNTM@`E@H,\+7QC#^+2*;>LT0CAM58<4$`X$AH@!!'*0``?DBF`E($`'
M<L"5`N2@!PI(E@&$DHX<3&$'8P0""!00@QL<M`<#?40.^*`"+@+`"2/X`@>B
MH`"D0,(#%M##4#R@@2E80`D6T("-HA"#"E@N:260`1E6PR.`58`06Z``!5QP
MH@UH8`L[&O\H(^YRB%%<X`1!%<#&YG!`ROP2`ACP00CDX(,Q^.`/]-#%)_T1
MIQ_HXQ1S(.7U_(`%+[S@!4*PAVM@2=>ZYDF6,IO?I]@'$)XT1EC"DH$=BD!8
MJC'A"N$!3P;8(S4FM,"%)Q&!"$C@*K9QT:--@`$3_F`'.]2BA/Z8@Q#D0(`=
MH+!L:\.(%,[S0B.8Q)NP-4D`PH,")C!@!0XHP08*X9<+$.`,"\"D0$_P"`0T
M8`H(Y:U0K*4'A':@HC%X'1"F,%"*$B99<>C"%U@0%11<Y2;ZU.=!X;"%`ABE
M#U,X@1IVQ%0*-2(!$#@.%Y)0@PI5X`;8S0%=+)<#?194GYCC2X7_XF`,AU)@
M`7.0@6Z):QS<"<`N`CC!'-!0@GNTDGNH_,'UA*76@_@##VD`AOK69]<2FQ@V
M>(T9+?>:,[LYYA2G8(`0J1:2R8X`(^_D)@E08)(4LK!5(VA"5-C&@@4-@`4F
M:<(3JN;9>]0!3',`6@=<$`0VS/`B\3D515C5PA;&%L@?G0H+)'!.`F@`GR?`
M70-BD=L-&&(2FE!`!>(`!`40X!$74*BX#O&(P'A`*'%00"A$40"`&:(!?.@"
M'VX@@3Z@05*0L)`%(%""+;B@`WW(=`.6$(,]7"HM#P`"!&:``+.F(0E96`,0
M6A0%!+Q+`1VXQ"6`X(@.;,`%%,#`&'X6_X$&Q,`#WWI`!:;@@@CHK0$>".H)
M0)"`$.C@4!2@@P\J(`=[=.P/5$B"%S:<UC:5LA882$(S+GSB<IO[&RF&F5YA
MJ1V89&<!.X`!"L*S92^_-FU=1+)K6U7D!159S$B^B`@6\&0#T>')(TQ!'#[P
M@1N8(9HH$8]\*`+;+MN;!25!<K\'\`4)5,$%><Q!!=1"@#$86P.\C0&+G,2`
M+23Q`_KM00^2]0$@W*`+2V$*SLM0!B"`(A0%L$#.U:*M"N1``SE`:1=N4`RA
M&Q6C<-""/D.@`1>,H0(?2**H22T$/-@@"52P@PP8X((H;,$N-_%`##(ZT$I2
M(&\)\%*]%##%&_\LO``*Z!4D-@`XYEBX'[3`QRYN43XJO,`9H_3V6NE0OIVR
M9J[GCKSDJ9'NEZWXQ`@IU!RJH((;V\?+EX5L"[DX`(]^<^,#D`K;P(,1-BSY
MQ0>'\@K6\#H+@*$%T<1R>-0)'@#`@`T\!K)5M-E%%91E"Q$0&G4/05`"1$"@
M>:Z`C;8P!G%::0$1>.,%%'&7#PR`88]K@PHL,*$;7""CF.@A6,!B`*9X(%H[
MR,`-;@X$,12`!X:V2PRT`(<-A.`%Q_$'&W`"'7`4&8,`T#$$<F('!B104P`!
MU%-3,6`(F``$!`48"$`A%B!J29(#E2`O@I$#+E`EL^`QFQ$==4('-G#_>"34
M;::Q5G:`!WB@@$-@;9-W@SA8"Y4W*.M68NQP$$4P!TB@`K)U$>_4-NIDA)=5
M$@`P%4;V`$?F*O-A!.JA'U0#6M%1!UA0`C<P%!T0!&:@1;,5'I[70B-@!DR`
M!&(P`BAP!4RP`!D@%2S`!RF@$`)P%H^P`2GP?&^$.TF4;,6V``LP!I6F`)+R
M4ZJ3`R]G`2P``S?':&JW!2!P`Q[0"1]P`3R`4BI@`-HE4B+5``+2`V'0!SN0
M3^$U9<>Q!$F@87C0&'.0`BN`!UE0!D5@!S4@;G$Q!Q1`4A<P%'%@`!N(4B@E
M=.Q',=9"C!:``)5H"?LT!=;G828H5H6"!W8`_P5P=0=/QF&*5X*=@0=>0`,X
M4`0Y.(XWN(-^<GD^&#B&)0$!9Q$EX64IL39DZ&-A9F0+\HYF8Q$!H%F!`UK/
M8`=S0`!?<"X$L`5A(&]5`0-\P"HH(`!J<@=,P`1C=P<+P"%5L`"=Q2D@T`-Z
M0P$I$#MXE@`+4`'@0AE&-5!<\3J]XW,*U05=<`5NX`:&(!00D`!34`%)-!27
M*"E=,`)=4!5\``8@@`9]``>.4%$W$!@2D#!^P$AO]0-X$%JB00L40(M^\`-)
MP`5%<$`4D'<=``0YF0X&,);`:`D^L`'&9B,@L"0=``+_\0J5(0`&E!#1*(TI
MF`8O0">)]X(EN`L@D/\$WT..@FENYK@G/9B.!^,&73`5:O-1K.>8WS0M_O9-
M42$5]HAD(\!"ID(?<#,K+4`@CJ$9=,``Z`0ZR1@%!#`Y.S`%&0`#1M@"?H<'
M`2$$XC@'&8`$C#0+,B9G)Z(W%R`B!!!$*X`!(6`!LP-K`$8(B4$404%@!I`#
M;Q!="`!'#/4!!3`%YL6<1C%&DP.3I=A?D%``\\<!X@<#"_`,>``D9L4+HN$'
M0U`&^.!6.%`#A6AG4F(7DB%3,Z`!":!("/97@#5"S,$S":`#\65`=]"7=1E:
M=5*-2R`$Y*2-?-F>^&`'<4(%-CB8&DI7A>D-&1HF/V@+Z'@]8,(=+'8-ME+_
M"PGZ#R,$$D&0`1G`-5?`44@&6URT>Q_UA$!QC_9H9!C7*ENFCR_4AA_!``Q*
M"X:U`V!!8!>P1/@2!&'``9L3!'YG(([12((X=GM8:3P$:X*6`\%I0"E0`K#6
M`#M24[,3`017!P*@(&U`%,:P`1V@!P;`!]&R($1A`1SP+4SABW;6![WR"`6P
M03#``2KP!3"@("HP-Q_AE*L(92/T!R4``47`I@CP`EQP%Q#`-S>B`1.H$_LC
M`)B4:P(@``L@`W60H`>T``Z``48%`EH0`F%3*)`G#87B65RP!+795QWV2:VT
M`B]`!C^0H1M:K.[3H>#@&;O@#]IS"X?)K)Z5#R68_QF!)PPG2`NCT8HJR@Z=
M154NV@)L&!\C\&4C8'J)17K]QD5.:(]=)%NF\JZS%3?TP0%((%5W,`:ND`+7
MDV`84`(@H))%46<[D`-;P!R=U4@RL``)8&F61E2P1E!P1"$QL`4W\@HN(*<%
M`&P6`)T]4`(_`#$+\`:=TX0LX(ME``<*(`8]F:-$(7YMH!8\0!@^T`-&&0F4
M^`7P@0)!MF/B!S<MP`1:^)0I"A,,(`<50`$)0$?[H@<1LD05<V@G@G(/:VB(
M@6L.(`,IX`(RI0%P<`%:4``3$$@I0`<_L`)6LP+7<*MXP`5'8`][.3Z8\0Q8
M<&I9('AC8JQX.RC(R@W,>O\+UM:WN-`9^N`'O8@S?6F#<M4:+.J*C0$QGR2#
M':,/5\)9A%6YN7)8/+9[^DAQE#D5^.A:`!=Z700Z1U9ZFOFNI_)"(Z`"6%$"
M(]D!A_2?<U`^5E.5S)D.;`1$M_4#^%H"/6,!70)]17()RRA3>5<(!85U15$&
M>.<"RS$'`M`YF#D"H3,4%=`#$L`!45%D4%BG!P6H&/4(%66GT!(';3`1,(![
M:R-^!V`$<V,KEZIAGD55<J%;#0`"Q$4#-,`O6T"Q?^8!#9!W5P1'?_$7%`($
MQ@6F"V8YD*`%;5DT6D$!\_`'/Y``)#H-MTH'7$`&9<*KV]@QH[$,JF2">5O"
M=S7_#K(Q"X3X=M=V"[3Z#)>W`&C+66_G`'U[8:-Q!Q'P,`KA64T&$U:#-0A!
M-0<A!#&6`G&H-B_T4:0'.FT0<$;8*J$GQ2H@+4]<$N2!ND)Z-D+6.WLD``2&
M=QM@,(5R"[:R`CYPNW%P`5-P%E,P#R!`L*L0!QI0`C$B+P=E9GF$4<AFG$C7
M`\V3`KOABQ4``C@2O9[#AMITN\*V`SOP+!P`!D>U`6$@<OI4`6)0J$(69$VP
M(#RF`@4@`2V``@.PJ$T@`2V!!6\E!'>`'/B:5)I:`2>``-H6%V.:1Y4C*;06
M(9_P'R"@">T'`2#0`<2%)!U0<GB@`3K@51"P!M&S`BN@_P,GBH)V0`=DP`5-
MQBDN"+>1ZP__]P--=JTF/,ZTL;>:\@<N``)*<34@8[:W(`3LL&(+@``=X%DN
M@``^@`'^8&WV(`,K()(*="77>A`9Z1)4=4YFP`'A9`(BH,1?9@3EZJ/_5H8V
MREW=U2&9U@)$>!&S4AXJ5#9Q0[U!<51+%!090P%2I;@`X0)"T0DZR4:#4%,5
ML`6N5A155T0G8F:"`%[*&VIT\3LR(`.[PSL/@``GN0E(*0;DJ9,,Y0D*`%%T
M447S5P':Q9C>-%N@PV.^:%Q$H*=@X`8"X%DO<`38AU2!JD]Z$`-]@`%G``4T
MX`4&Y)O1)6I_05+`4R548T^")O\E-24@8R`#6-!'$^`#6S)`.A!(:$"LT5`'
MU(@%UQR$S[/-W]8:&3D#23`$M2@F@T?.G(UB*!P;9/(#'D`!$7`Y.O`#>0$!
M=/!H)R`+-[,!<W`T/@`<,U`!81T!$!`":!`!.B`$-!('A%T&%8`&FKW9`BIC
M!U0%$D!O1A!-$V%OWK1Z4IQO)2%DCCFN%AW),)D!6S`%<*"]2FR$.'8V64P?
M`$`4$%`X@%8&%]`E?Q.I?^``(7"['C`%_Z$D6V"J.L"G76)4C:!V*%<`R%<"
M-1UJ'?"6:6``2Y``['UF`0P"!5`A>EIH4<`#29&,A*TMJW-2*M(&3PQ/7=8$
MH/,%`>#_!$2A!$J0!(Y\`B5@!PY`RY3<"']Q`75<.:IJ`]Z#'`A@``C@((9@
M&6<!"TDK4Y735`@0!PA@:0XP&G20`!V``6B@`Q*,!KTP.PM0#4]F!RNP!&E@
M(&\[V8&[2@[P`C@05V-EW)V=YN!@SME0*&CL`T6@)!A0!B50!A.``!1@`3J`
M`#/P!X5[(LU\`?@P>Z-63)-*:BO`*#ZC`R$P`V40K:%UT/BZ!0-K%6+`+4&V
MQ-XTKE\66T26;XNJW8[L0P4PS&"P7:876R=1$6=CF2N51Q``%@S3`S=2A]4Z
M!@B@!,`X1U/4`RU"`$(E)0W0`17@`0B5`Q4B:#+E`AA``1U@_R%%40%V=L^-
MCI(Q$`<6H`5K4`$E,H&+$`4[$,=W45%B8*<;>!-"\7YR6(0!H`)*<&,0S;T/
MD`1#XE`)@`;ZNP2UEC$.0!`=L`8I.@1$D`5_(`,U72&6X'Y,\1<9J`GR0N.N
MFD0&$`-'=0;(H:_)\0?0C`LI\`,GFN5G$`(V,+\>/*%C5<U8X-BK*([M*;AJ
M_O)K_MFR<><K4`2,L@)EX`*($@()P$!2[@<-D`[RP.UE8%9T(`1H@``5X+$0
MD/0_@``T/P]C8`%6<[`T$039VSE/_&].F)D@'EM1(<5`RC:)Q6].,``>W@5@
MX)T-4,RQG@X^,`42L)B>6W%`NF4J)/]D*$!+_<M>MT,`4Z`3@==9!.X#E6,Y
M0%!S=J8!)R!H;W3D#R#@"K`!?9-TB]$!'ID`K\-21E52?+8'##7Q'<`5,?`&
M?"R>\Y=HFP,`"[)J?PA17?#$XWH1*C``*(!:;TH#N^7(7JL[(=`'P`-8!^$#
M/B`L?W"A5E,"<S:6O]@)!/:+%+,4:U=L&W,'!%X4.=`!&M,/P*&@SX#E=V`'
M/Q`"83="$LK-M-!9,7@/$T`#64`G,L@9WP_S]*\-;(X-?K`"'C`I/@`(<A!K
M%0XA/VL4$"!R*WX7#Q8$<W\;.G]^)3X0/A,5(6L.%FME)9P:"@(6#'=8=REA
M*",`30=-3D[_`+2[`$8``49&`;U-(RS'N;K*NB/&*E]\$CUN.R<%$!4Q-S=\
M7P_?'PT$$EW+P\K`Z0'KM"PP*1H=4PH]!65`/03Z&(Y^?G9VT#Q`4`&"-@_?
M+&QP<2&.@0L=MOCPT$!!#`P:+&C(^,!`!0)UZLB0X^%"GSXY@%0X@2!''SA`
MXG3D$<5EF#T0;HB!(6N6KF$#'I0Q8"`AF@86!K#XI>+!EV!&2,!H82!)@PLQ
MLL$Q\,(*IC\AYX@]`4+LGQI)TORA4^2/``);-L2[X.-"`04)9F@@X&!%BK\R
M`C/``$1/#@()Z/CYP_@K8\6-(T>>\\_!"RIV*,VI,P?#AS@09/RA_]38CA\L
M?NA8QN'%#QY_IA=+GDV[MNW;N'/KWLV[M^_?P'W+F2`GN.W48S!@&$,G^8\_
M*>A$_[%<\8F.Q:&G\/>#0H050L:,65'$`8:^#B(("'(E3!`3)C+`\!G@@/US
MZ8+]6A<,EY-C`/JD2S(`C`"#&&_TH4$/.5Q3D$$W=*&""@"P\,T#2O11108^
M^;),+^N$.`P*T4S10P<YQ*"-!7%88$$!&FRP10I_V%%$$2[$@4`!!?2@P04?
M?&.`.!#$X4$'"]P1@09WG8%!&7W(94\4`LS!``,+)+`!`7T``8$22RAA@$%:
M]*!`-1!84($$VW`@RX?L?"&3!3P@]$`<%_]D($87303@S1<D\K!#`Q)\0`,$
M!MTE``)'%('%:)R)14<!95%B11)<T*'I6J)A(@`&T%7)@`P8*+#E/"#$M04%
M`G"D!0$42)?`"@FXL`(:%/PQ1@2YV3'&99E!VMEGH8T6F6N:.@H%#5:XAHEI
M>!@G[;345FOMM=@R-EQVUT;Z&!UBU3&:9N!J=IT!!##FAY4+9$!`%0+(<"4#
M==A11PH9\""&"FT`"&"!?0K#SCKV%6R.?KCX6R$`_[$P`@=BA)%!'SQ@I6)6
M0/#!1Q<L#$!@Q]_$`8<+&:!0X#).C-!$$RBT#(,$[64P!0\%9!5##AK(<0$"
M%MP)P98E1."``R7_**``BM=`<$$(,CW@P186;2!#"B[DT$$*=\QQ01DY;+"`
M#.***X,+1F^D@`ME$*$$$2%<H`%*!L7DD0<*\,"!@#\-,X(!-+3!`0<J!!5)
M#QFT@`('#YR`1!55WX#`V@@<K0`(&UAPQ`I8B&76'PQ<`$(*#BP@P`LXK*`Y
M8W?<4<>G,E"P10D$:`#"53$@"@00.W9PPEXNPK5`"#JX``((:R1P@1`3H+&9
ML9-18H=E6=C!F.:>@2;#YM.;!:X51-A0!!UK@9_M^.27;_[YMVV;K>;LGV[;
MN>E*/\<"5ZC`@@I=<`"&!#O`6T48(_`/,O[SGR8$0T0$*UC!`I`,$>G"_V'_
M2AD'8""H'C2@02JZ05;^Q@$2'!`8`FM"A2X$`0T4#@8D:`8,8`"&%NQ/`A+@
M`8IP1H`<W.`"9TN!$/ZP`O-`(@X-B(O9KL(CB&R@!'VA`-,B`2.XQ`,"+F#%
M'!1@@!Y1@#3^*)714G27#B0A"4L`01]ZD)4"7.`"!B!"SRJ@@#>8;!CGZ-,(
M+/`"0*ULA$Z;!TT>L(37*0`(.;@`#6AP@@NX"`(Y(,(+:K``>M%!!@*@0`D:
MT`$%Y``$42C#"TK@'0&`#@,E<,$6]M*!"UBC9C$HP`DZ`()2\JP,AP0!C#8@
M``B@(00NT$$%5A""%;A`>>YK#"7^,88D6,$T[/^K'@16P)GLM0\Z93A"#<Z@
M*?&A[YK8S*8V=:,^;(7EF;B!!+HP,8<4U`]`#1N!"@S4C`HU[!@GHP5_"B8,
M!2Z08;G@CX=8D`M<C$`"&<"*73+(#0Y\89U-(,$!$-@G_A1#<&5P00FV,#,>
M**`/#2BD%C:JH@JX*`0*F(<#6-&81Z:@`Y1J)0:5I@$7?`<+T0(+K<KPC8^@
M(J.L&AI#5CF%%2C&'R=04P7TT+,/P&@C/QIJ`2ZX-2+00$P\*-Q^=.&+`#2A
M#2]`P<K6(94;-."K-1,*!W+@@3CP``1$0,`,(%#6.RF!!E%P@2?'X((%Y:!!
M0'"1!93P`BCHCBP;F<?_!2!0@`H@0&D@F$$)//D#&?@%`QMH0`6"A("]-(`"
M/M"!#GP``C2`X`1TF,`%2L!,[$$J-1@PIFFR5[T*N(`"6#.+;,N9@!`D00T)
M.,-:MLG;WOKV?-V\EF:\M1G2U.9<,Y@>$B@TH*6X$Q<#>F<[%Y:WA:I#@?6Q
MQ3)$^"$CC``%$IC"!BY0D&W<P$W&X"<"0W1`82QC``,`#8^.QJ.:%8`#;7(3
MX((2AQB(EP)?6X`#*!`[%-6.L`W8P'B^DC4&G$$`+M@`@WH6B1.(]QJ4;.4%
M@*``#3#''WZ`0"0\`(<3S&D*4VA`#%22RC9]X:U*:)$>P"`+[H:H"2J@(PJF
M_W(%&9Y`"Q8`PA[X$`D5``'(!8@"#9(0NZGIP`-KLT`.C,:@:]2N`'#(B@>J
MLK4/?,8`E=R9TDZ@@#&`37-7FH,03,>9.[B`(AI@B08$((#F."`3/ET!!@3P
M3<G4P0]%*&:S9",6SWCY2!N@0*<T,P<9E$`#4SC!54"%"=G\]M*8SO1N@FLM
M]@EA`9QIYOLZDJX_R,`,>#O&`/KE7'["\T/H$-%]LEN?[/J"NQ]J!L0D1H`,
M2-9-74@O.D+X"P,>$-?+<%C@=LS!EGF7`^T1`P>Z0+-OE$$?4R#`/*;<`Z5U
M`%:A8X`_P/>*"$38DJ@L0%LCT0$50^"P[WY1!TKPA__7^,$%V,@!!M"&``L6
MM@+GO4$%@'"W$;2!"$E`@`%:XH:"-^.[?``##8[0XP840`Q\6&$SO/N`-G0A
M#!H(DA*4P&2Y@FT,94B"#RY8LQOP:`,0(.T*%H`!']```;HK0%&J:'$""$`]
MHPK,"APKK\#(8`'F=D$'.A"#%_G<#C]53&R<29O44(!9JQU7]>:D@"U@X`SN
M>TL-MU$`##A/>II.N]K5SNG@:,985A)`11@PKO:Y+P<=4<"59`#`<P`(OJQ>
MF,*V&R)[RGK61D"V,G3=XQSL01NJ!-PZG<M>#RFCJL7.VSIF`:`)'6,$74"!
M&)"P!1<$(0A5.(.CRT`W>F#_$`BHV(`#LB;;T:0``PE`MXJ,F(#Q8&`-%(Y#
M!52)"EVJ*0%F68$`H!8%W56D`(X[.`(.*I,VC(`$8/CB"\J```1<0%\=)($8
M`#J%%[P`#-L``@J"30MA-$$)'Q!#!MX0I&\0`0+9=D$"-(!P5*JH``01`AX`
M6_LV!2%``U103BE``6C`(@;`?654$1L1.U]E-.T62#R"*(9T&!&`=HX!$./R
M3>SS9W;P)(.63%\F$SK2`PL1`0M03@2@`!=@&%U'(S7B@;7!/FNW@SQX+6VW
M&R#F#Z<S!W2P`"8@`BS``0QP(^!3!_.29IB`=P8`!$_P-3PP`L.0,*KF,4OA
M7,)F_P[V9!]2<`")9P0+M#)W=`[J!`8TT0`0H`=ZD%<>,`-3<`/V0U7NQPX$
MT@N:MU[[!%__H0(EU&$X)!=]0`%C`#5S81!D1CD@$`%VUV@"L`&Z<V"44@+7
M0WMS<`<.@``RX1'TMBX4L",4D#IS$`%R87$\\#8QP`>RT`9OY01-L6H5L`,[
M<`&*%`)'8``#8`'R8(L]X`/R8%LO<#?OE`MR-`!$4!$\0&$/<']&@VY.55@U
M\VYW$@<?X$0*T``(0`190`<$H`9S5@+!]QE>MA(:T`!Y]0$&$&0>X`$(X"4X
MI`@XPQR;4DV;XH1"(`1T$&I.Z#Q9D`1>@$QFH4P$<"%5U/]*+D`UL5,!/L`K
M01B1$KD8X3),J5%I((:1EM:#'-F1/Z@;$5EW5E(R!=(%C00NUM08G'$&%?``
M']`&7R`!2-`"6'@.%>)J_O(?#`-/!A2&AM>3"Q454F$RM/!=_,,#-J0'$B(A
M0C$%&<`!2U%X(`0G^R$B=S0+?>($2N$Q6CD`=+,!<(!(9;.-=D%89S-2)>!]
MLY<U=:!\!%9*_Y<J&'`]FR$NFO@#&E`&97`!O,(8#$!G,M!@9",[=8-7?')5
MS\@O#S``71!#8G`#55$!1T`#<5`&E&-!8F`!8!8%24`#*B!`^(0+@6,!9+8#
M*18"51$%/')E)%</P\<S%K!E!@#_`@I@#3'0C5EP!AY@`:E2`B"@<.R(C>SH
M$1YE`%X6FRKA-JRB>I,(%PY0(XLA!"6P*S.P`A20`#\@!+9"+Z1!!T.0!$+@
M@92@3#*0`#3U#71#`"Y``)$5`WTYD?!)D6_G#]`9GQUYGQSYD;D1D>$R*DPP
M'\$P`F"P!0Q07,55H#)0!7;RDOVR3C^A#,C`E;K`7=`%``HE!1CJDXFW'V.(
M`BVP`V8@`CX!`V%``'"P#1("08(#1$@`!EMEE7WH4.M0#%-A.`:TD_R$1Q:P
M!;%S(BE2.Q=P1"FPB5>R!2_R';<'-;2C-&?Y"A3@`)$$I6/P!T+@`)!Q!PM@
M.M-#>U@B_P"/-CMV@1,(8%!6-0(#0')!T@8?``01(B&*=`0XT`-]8`W;T`W]
MI0!+IE6+]W`%,G)!=A<]@$8TX"`J\CAJ=`%1\%D=D(X*=P$$8!<*,`/=<P8]
M8P!=MP$@8#&LMU0%T`$N6`4\J@^OI1P4X#KZ(&$+X0`IX$ER4`"[H@-1X`,^
MD``,<`AAP1AV\)U%@';40RS,Y&C.6`$;(&$QIY'Q&9*;:!;'&H3XV:QKIY^X
M@:Q.6`)$R0XL``9,X``;8HLP=`42H)C8V`:!Z%S+D%X$1`O(AH88FJ%A"!79
MA6,#T&]N<%`HD`%(T`-:\#=OPC""\PU`D`%70`(B%")566OZ!/]"+-`&-S`S
M\W&3_=(,*F``7>-O*@($XH")J9,Z#.```U<1$E:6-Z,!L)6)<_"H$5`"$`$"
M/H`!*:`#/Y"L8J&)4V-N&T"6M>,!$/`&D^4!'+`R*/`%=/0"'@`$0]L`8B`&
M+;!D1W`$6K`'!74W70`&;G`"-"`!,'"5W]4","0!>W4!%Y1*7T(#6($-A#5R
M"6%&&+AB)0$".".I822/\G`TM\E6>HD`E-0#LF1&7Y4#)U!(B`*V/=)A[08'
M3+(!/C`&.C`#B;4!M9H"?9:KX*D8*`@:0A`2#/`#&U`4>8<*`N`8QAJ?X/2Y
MBQ$;&^FLINM;T'H;(7DE=8`!`L(.WW7_4`&2DT'Q`5S(3Q7*#-'5"_14>#YY
M`.NZ4+^0>$T``UN``!CB(U=P!4B@`'MP-S=:KFV`D'K0`%?0`B@D%22PO1^$
M0$9@(4+1`3S0`OD#!D#P!3<00PQ2.P-'84"`&"Z``1$0`1C`HU_%<A<CLK/'
M&&TI``LP22Y`!SH@!VB``3/P`R#P`^NRB7?0I26P?Q9D,;53!NP(@(K$`SS&
M`Q;'(QZ@06:R`SP``42PM*T8##[+/P4`!$I@`1)@."0`,X*B`&&P`TF@!(B2
M$UF11@AP`RQ2`!O@5.<9"14A:8-E6+B3-DG`>GIE`7JI5^V(`+L9FT-[.Q[`
M>O!8Q7HY%`J!_Q5$BP`G(!>;!0$4<`(^4`(,X,,.$!*/80-)\#W"-"R4&Q*1
MX@`:L'/JN5A"\';1Z@<-/#2BD:5^X%,_\!SE]%.E>[J(G$VI>QQ!*!8%Z@`H
MD$]^=S_^@KO^4;N?N;L;"B=F:%T"DT`+5!_!JX8H<`5,<+EJ<$A[L04[X"93
MQ0Z+-[T#\`%EH`!1<!5;RP-O(`(M4%4(9'`A$SD[$`9&\U4#!;:[V30.L1+M
M-CD9-;80,!2T[#8)(#3IL7_5C*D4H`,80#D3\`-EO`(-+#H3M8T8I"(&$0-G
MY(!I1`8ZT`,2`'V$TL%+E7/5N&0X(`$"`@/+*P:%$20>P(8S[`8=4/]E]J`$
M4&P`J50`1)!6J31E_/<"]8"SK&2;/-..>O56>@5+[PB;%N!E1!'2K$<0A.4Y
M"J`#(*`#PYIE!$!)PZI8/X!$^V8>%,!,H#2DF_$/<M#&X%.1%$`LUQ,2/?0I
M&Z#.2"4C_/!,[J,Y2%<"PWH>(,`/GIK2_.`#E.&YB9S5U[3(M8&LF[$"4+D4
M_723Z$1`T!44;?"9>P@,R!8,V)5=UA5K<`U"1FD"+U@C#.`"YM@`)!-LWMM0
M,PH`$^(W-Z`'[UC%L1D#&1`&-GIC3=`"&9!7;E,Q/!("#RVRD:1T:1('G"U\
M1S.VJ70"B>J,'5$2#4";*-4!$1:EON0U0C#_`QN@'JZ3CA)<TA<02,9<,X)D
M`3YP(D`Z#0W0`UD&>85M`0U]!%'0,CLV*`-G$H;T(G7#<BUW`P@11I%3`B70
MF04P93)X`B0'!^)URZM9`4,[M(GB5"&@2ETGOY'$2?&0`#PZ7A+;4J&S`O22
M9EFS`,-*`(X;+DXH`WG,:.+R3';`QGF`3'_0P#\-&HV%=*-$#]80S180.2"@
M`=5,EW:7.JTC%X%:`%L@2S.@,PF`!C-0G2%@R%J=XNC#U57'K/32EE\`7QZ#
M,I7\+P``7Q]`(:^F3[A&:Z%L7?7QHL```"O4`BT@`B9`ES>()5-0%*"Q!?J\
M,@*3>'[8!"QP.-/6_P5?T`7LZ&4%@`0[P!,J4\I,P`10@U+;H,ZIXH(9>P9C
M0`%U5="4PG07$Z0"4*!S$--/I@078B1*`Q$OV,!U8(J0!.<2ME(&<=OWVP,1
M?`U%U-"2U@"W?$%+@,X7P,-#^Y)\OF0W,,PNH&Z(-$9D:9LYL9L&D-9%T4>E
M2@&5`U?%7!&*5'I;D#17A@"9BA4%X51BHB:[DP#R.Z010`$A(2]UP)X:@`%W
M()(QBZ4R0@#V;24I<++JR>;MLZH.X#Q0@`"[RFAWD`"<[0%;LB!+6@&&I;EW
MVF$^%YBT=P=34[\V>PT$``)CP`D5@-(EO@):\`,IJ>+\GBTL/AM>/0<"T/\&
M2H&,L):3SH76:DUYZ1!K"V5/`O.[,&`&JKH`%@^%PL0`*1`$+_8`%;`%84`"
M6C4PZQ7D"045#W=0":$#BWT%9A`$2&`B#6(0%RLTH00[6\"C&W$B$5P0Y`UF
M-=MUXW$&`R:_($#:3K.HR,X*`D9@4U!*_H>VA778XG!3@Q6'%0`Y1.LE-5,0
MNUD!;#NF*H"-(T<#'M$`&G!8'3"L*(7.)Z`#U5P`W\"80;($:A`%1A,%"'=*
MZ/Q6L.2U*6L!M;-B2[4[+T`#0Z&"!N`!:KZ>"1"8X<+J(.`",1LI[+,`0I0>
M$X4*J*T`ZCE2E#`V';9#=@`%+["K8$%S6]``G,W_8>>LSEWWI(K0-!_@-AUF
M<J,2`:,T.ZCD;8@(`@1`*@Z`!K*W`FN@`Y!H7/V^_-3R[P`/8NSC``W*,+A6
M##?I'\H07R^IE0[S"U.U'PI4"[,6AO5!`DAP/4+`NC4R&EF#!<LG`4Q@`FX0
M)!)[!2(P\OQ1\B"T7@4"""H?#Q`;4U,*42<7,04\4U4"&%L$"@TY$#$Y/3T=
M.8R-#01;!186"B"?.1JL"@H]!&,I%#H(@P\?'A<E+E4$4SLY!3$WC3F7!1`5
M0$`%FPW#,3%Z0`@52C0A%UH6'AX6UA]*2@;>+R]O<#XA-$D?W8Y36R`5-Q9`
M,0)"0@E3#646"BQ1\D*-_Z(+$`S0J+",V35W#W!!0%6F0HP+&P3(D%'$!HT:
M$0A`L!#G09PXY1!<($`AQ8\(,T#$*/%GSI\_=>K,F7-'AH`M&GH@ZG%II!X#
M%B!T(.`BP@(*&TX4$.*'#I070E8LB+!%`:M/TO1<;*`!PPJ>.1G4N%#R`8)#
M7D<1""KLH@(")1S(N(/ESI^J?^C<I"KXIN'#B!,K7LRXL>/'D"-+GDRYLIP)
M<BKCM.FGLV$&8E@`8"$:P(@1`%*S<,+:26H`;7"U:9TZ@)$``6H'.,"[M^_>
MN&\W8<-D+YV=-[$H7R`@"!L23<PP$8%B0$00+L*T,-($MVW<4G"38-,">O?<
M+/]4\"`0HX<&107B7X@RQ86+45,,28L!X<(E4!><H$%+&R5@004-(`2$`<TT
MP$D.'6P1P1UUI("!#F5$9(&#/7P230$.\C!,,?YU`A8$!0A8`@4L4D!$"%FD
MX$`''B"`5!+CT&#`!Q\DD48&&O1Q`A%'$%%.`4`<Z$,!'L01T$8I,-**!E,H
MX8%4#"&`38+Q;9``$2\H$9&&'510@`81R&#3'W;80(05-YTQ!AHAD&02+AYH
M`0(K/D"@P0]SU/'''3O)X``&!#2PQ09$@1)#!1;HT=:!%]Q%0`\5=$`''G]P
M\4(6]TW1P27")&B1`AVP0D`*A.:DDPP17/!!'`*V4LG_!<-T,(,`"S"PDTUK
M)A:L9L06:^RQR"8[V669$6M'9WX$.@<#08Q`6FFOL8#::JXU`8`1L7V@`@"N
M>6?$;=[AQAL)!["[&[L'>'=`:BTPT6M-##"PP!,9B,#&<[V1(`9W35AG`21!
MM(#"".C:=@!W7W3!0P82+#P""EV`L444T$CC3!0*Y#=%A_%YD.DEHPY3``(6
M&'#"%EN8E4()<#@)@3)`C/E!#(94RI)>,BR`@3`==!#-HQ>XIT`.QO#PRHD5
M8-22KSOY80<1/@A!Q]8GQ%&&!TD0\0`9KT3Q`@XB(HE`$DG0@(`>%D1$CC69
MNM`5*SU8ZD(<-&2R"AH6A+#`_Q8=*("!$`:$.69$#"G@P@)^W>3'$#1DT1FG
M?PCA0`(G-*ES&1`TL)13,C!PQQF3L%)*)<F@N!0&%`C`.4DGQ>&!@RL)0$$)
M+R2A1@XF/^H!$!Z\\TXC6Y300`3Y^EH'`T&/H<$%HUY0`>B)GE#"`JX.J^SW
MX(<O_OB/,:N9U=#Z@:\`3+1`6ANB72L_`-YZ%UL;7W`7P'GRJOL;;_X[5[SB
MY801P$`$3+B#OIA@!NC0;S<`+-=NC,`"D]R`!SM0&&K2=8`FA$L'4W"#!"1P
MA3!((!JXHEX4&A4?95Q$/KCB3P$V@`$$:`@$H]A`4'I0@`Z8B!$&V)$!>M`5
M3FB`*?]`(4I\I.&?_Q@C58<0T:/ZHX"\"&I-R"D"$=10!,.`X`'X:)L23*&+
MLS4`13&P`!':\0(FM24B'LB!)8Y1%P@LJ`#O",$&7#"&,91A"0S8PBKV"*9;
M1,1V.4"$`B)0$SS8H09$&((=-B68G6CE#LI#P!L_\#6E>*D$<UD:DSS@`DM@
M1R\VH="T%C`[DQA@%0K0@08VT+L75""(0'@&$'B$%)]M013)8U$)*&&)&,;@
M&R7Y0.@V4(((K(`!@B*?-*=)S6HN"S/G2Y\?=+*`*!R0!6T8P`!((\YQDH9^
M_*L@_GC3A/^Y$SBY>8T1@$,N`)``!B8P@02>@QL`^,\[))#_0GC.91T--8!B
M)-A@$Q:J@C88`&0@:``T;G`#$.6M>L.P8S/\\PE07"^.&R```>CAI#-5H@/-
M&)4/E=:A'("E4JU(T'X:03VZ%(!Z3XO!#J8'(@)@H%<[T<FO@OH#(D!A4W[`
M0@IF0`$'0"$)3BI#.99PA!-0(`(8@`,[:$`$V]W220\("#+V4P$(V#`.XRB#
M`F`V`S"58"AP@$`<7N`#IGW#)`%Y%`'^,DDK$($*?RB"U6HRAP6D8`X4H%('
M6+:CVE5@`Z_(6P[*:B;"56`&IMN)KYPG`QFYH!.-TL+;(."V)5S`%`TX0PI<
M8*9.)$@9%X!#`2C+$"#8T2*N.R(!_S(4D7)<(`%"\)XUATO<XH+/?)IY%K3P
MA0$8-`&<#R@G_%8S``GR1@KW&T%N(/A.=^:&-=^"YVL,R`9Z[J\)\[1-.WM#
MKH:.R0!'I!@,.``#&+1``CF``QR,"8$EG.!!2]S/!2Y`1Q0ZC@!QBP,"1%<!
M!'AC)$IIP#N8X9`R-(,ARZ@`A#H@VYEN0@%]0)5+?2A3.Q:M`S_UU4V&BL6=
M1(`(,R@,%J3%``R<;4'?`-L2'""$/V#A#"]HQP,,$#KW%$`L,VU$%5U@"[0.
M64`@($(29%H!N!G`OQXH@Y8/>8-,['6P#J!!&K;FR*"FX,P;D"D,A]%$ZYDB
M!D7K1)H;4/^"TD$O:`Z(`"@U@"JI9((_IK"`$HR$`#B0A1(CDZGPX!$#(%3`
M&]Y`0#40@*(>KFH!K"U)'!X;7.-Z^M.@I@QR*8.<].'K"BPH)[:L]1I_0E`*
M*GA`&[3KO^[^)CCQ!`!PPI-KA_5S?[NQ37U)8)X1J``,2(B"`4RR!I%N`1$-
M>,,)8["'&_!AOARH40@RFHF;'@,.==&$!DH@@!4H1P`Z2+"6/0#G#4!*5F&E
M,#."F`G_C"K<SKBI@_K`"4YXXD/':(`"8K`%!B!&N(89`A$F\`<\^(%305T`
M#FP@!R74R0(TP($+,"``.A2!"TDXPA(@]`I'=5L#&^=>A280MS'_@:-'K,`5
M'')F@0X<!2F'E`8$]AJ8/ZR`!ER006$*RQ470+8#N-*`#XL6PS\33XZN(&+>
M\,(BN_U"Z;C*Z$UQZ`(YH*$#`#E0R3=!@,E>1`-;N`_**>""H#1@&?XY@=R9
M!`3''?8IIRU`"50<ZK[[_>^CGDQ..&-J)J`@U=6UEF@6VDYT73>[W+7U`!_V
MZW/YLS=2X,UM7I,N=(4'!6$@0!B^\(46(,$!"Q#"X"I2M!A@+PH4Y8#LH8,"
M%$@@B!70AKVYY#%11"`%,OC+8>C@``TL.R#`ET$-@:#I."B3P+G"J,[C9@$J
MW>45)=^/,P:4@JXD8T*&\0QCY!!).S@<_W-_,%T:CD"%-9H"3&<:=PG00(,7
M<('/;S?3]9*22`KLY5=U,!#+MC@T$"$E4`6E-`Y*(`P&\$:9L'.&@5C90`$K
M\!<,0`%PX1X:(%$$T`&-T&T.$G7(D`PYT!7=($?XEP-E<`$:P&:O`WQ^@0?*
MAP`AX`.X`@%-<@ITT0!]-$QST2$6L0@@$`%`LP(RX`(\4@!XH28,X``_(%1_
M%X526%R!)QFE9FIS(`,M,`+>0C^C03_SE%[<%6L?,`*9]TZ1)Q[QPD&U=H;G
M$D_\LX:V,0`&@`9!X`95H"^ZDP"SA'3\,8"G$`4C)`9=8&SI(0&-<`("=PE3
MU$,)H!%KXAF%\?\9`N`"*S),S20`#D``'N!R9-$#^Z5SF@"*,9!,0-`*K@`-
M!>`X`G`&,G`&%&`)'K`!P2<YXK<8.D`$6>!P#[=BSS,$2<`%$*`$OE,!27`*
ME>`##8``1!)1S+"*%S`F<0`!V)$"@_<':Z"+,\!;#Y`$4W!UT*`0/*(`T=A;
M%E$!>Y43*8!Q/C`%">``;+>!?C,JTN`@C[**4["!2W0S#Z@H"L`CA6`T?XB.
M&T`@+/87?C`#MN,Q,^<DA8,J,2!P2B=19C6`N>`?S(1Z,E`"<?-8%!A4@3*%
M(CF2Y%.%DZ%<G?$K#&`&]1,O75AKOQ%K;8`"F7>&\*0N;U@;Y[&&D_?_&T9`
M;(S704UP3S!``M;Q`=\H4N]!/5TA#=?S1K:#0070!7O`!RK@`3M`,HU04:F2
M%RL03837<.I#!YZA0(:U`080`W$!,]-S#!R644Z99?>P40GF)`+7`Y#E`JX(
M*Q2P!9V```JP`(2W7(SA`Y7#BY@3*`*P`2$'!,38=F>S-#MP`M)0?^`P/.TA
M-!<@)KC0`'M4;D(091C``"M@(`]``VKP2\,P$#@P!*L``FVQ:<<0F(&2`A&Q
M,Y=B`/&Q2X-@`#>`*0^@5G+4@4[96G@1`8FU@?[A"O'A`A1```*R`1%P!CU!
M-3H1&`X@=SZ5`@)@"7S6:)#R`![@%1@Y`SJ`_T>+XP'*<`(L@0$%$%9XP2M#
M19+T69_&8I*1H4WXXBM,X%R19Y/N))-F"*``%!QK:`3UY'@#Y$_PTAM&<$`B
M``,HP`9F@`1!8`)58`8WD"<\@%$X>`-\YI8-R"`-AB*Q!0<$D`"N``=:H`4,
ML9Q-M0(_@`$1\`.$10=\00>=Q7%CL#M&!Y$#-F##@%LWPQ\O]"@.06`2=0'?
ML&P&4%9-=$2_Y"%FX@#(@9"WJ!AK\!&2$X$.`!05\`)Z\`$T8(/GD(,PA0-K
M9"/WT`,R4`<KX`(A,"D(``(ED`!D8`!#0"%",`%$,$8O-`4*EP9"0`H*P(T>
M8`!ET`$K(@!CX#D>$/\D3WI3IN!R"I(@C9()BL(BBU():OE"K``"/T4)>+-6
ML$.$:C('\.B<1.@`H-0#QU04\7%(9R(AW",$,+$$#0A6846-+N`#RH1#$7"0
M5VJ?QGJLBH&?FJ&2,I`#+,!=[+)>!R!0U(I=#Z`"(^`;`9!YC#=/`-2%K@9!
MC`<``A50F0<`XKD#4U``&8`!&&`W;K<(.L<,!#81EI`,Q)-E.[<H!<`@<-`'
MT&!69?`!NCE+,,.6(+`!#C`&&'")]V$)$M51R=`0Q(-AUE`-MN4-8U$X5-(Q
M*8)R"1`"6F8*%?MGRF`1+@!-Q>H8=!`"26`%OD(A.@$5.K0V0Z`#>Y0`+W#_
M!"&P;$#P"PI@`4E`!6@`!X9SG72P`B4``3K3`9RC!&K@KBZ@!D1@"BA1`5&0
M`!^@!C^P`>*9(+-B0\&Y)Y%U"7SF9@8@:69E2&4@.@OR`4#0`""`'4"Q-!["
M9^\&"\\)(0VP"/JV1R608K.5*?D(61J0`W$#9QT``BF`(27A`2+E`@)P6#WA
M`*R5$!KB'BFP`4Y2C3Q!*(2%K*([NLI:+#@Z!EW@!+?FK=/J&P*JK>F2A@LE
M3S_9`A&*`KH6'KW1!"9!<$-18F8U1:%3$J\$!(53"KQT"Q80D0V01K8C.OW:
M%ISTFJZ@`1&%"@ER@QF6846**V9"8'242TP*.A&9_XK)<`$N``(GL`$U\)6%
M\A(=$&APYT/,)`!"M;*-400(\`(_<!P,,`M;P#*FL`1#JQ?Y$@5<8`4IT`,<
M\PT(D'%#@'I7>AQU(`-RT')A509*L!(:<`+78`$^X`)L$9P6L+X(%A&+BA$K
ML[@@4#11!ZL:UG)Q<(K3$YL(H`%RU;DG4#A&`W=XDR`N!0NSY6C+,#P,<0K#
M=+EPMC0+\JDG83*:\@<_D`#+U@$;L+CQJ15:P9T;H`L]<`$I0`<Z<!)*"(FA
M.[IH;*RE2RQ;<P<ND*V:UT&1IWG@(FMP?&O;.GD$\QI-4!U?L`,ND`%LT$Y#
M65\M`"(K)`S\N'4Z1&0(XO]@"_:0_<HC%F!(2,%N<H57*\@Q</`&^>6WW"9I
M&+8,F9"HE=P>%[4*`D<)%[`C`9<(`8N##=@!SJDFA*62*T`!D'(""B``=T`H
M:`$LT?08*["_7H"CB[DT,="`#S!H2Z`#,",`5(`#"@P.CR8W2>!?=AK&-Y$O
M=2`$/Z`#`WB:H00"!6!QAR4#"2`W2W!$TZ.\.\S"$)`#D%6]?.8``J`!+?<!
M'`QO<8!V?`8""+&*&\`(E3(%"I*O1#3$%#8\S###!*!#1O,*2-*)894@7E,!
M62-\)3`J$"!5P:,`,R`7EV(T^'`6<^`"<8,`!`")^)O&,"V%:ZP9@H(%6BBM
M#Y/_DSGM+0,0![,6;#B]+D#9:JEQ,0;#L!F``O?4`F&0`1E@S@R1(B"0`$U%
M!Z:SSH[F"AVP",T0)(["?$\,!*!3`;,25A6PPS&D!\/C8$6,`/)Q4RZ0`JXH
M`)(2!Q?0E)72`$TRGAL0Q!W"'YKJG"Y0`)NV/-+R*YM1!\RQ`*G*8O,)&5[P
M1Q4<`>2Y#"W<<C10PH@P`Y]2S%;U$QE"!**M`TS1<8$R>*HZ`\-X2"P(`E&@
MGG76$V@P@`8@"I4``;=`9&_G?!4`"WF3-QLA`ROP11ZP%*VPPV?4()<01)^X
M@8]"L36G`$CB$,N@"3ZT4TQ3BN.)=F/0`<>'@U!L<'X@_P-P-Q<#9D?6T!\"
MUS(6D0!_,0?$1]AJ56>/'=/V[7<S71G0=!PL&3"S6UWR!`!'J0(0-$$!P]1A
M``:XVVHCT`(W<!*7,04CA(BKT`,M6E/,)!A6PQ,44`:E6`9P:2;?Z6B-P!#J
M>4P6<0]ZD`-^=A%O@)<AE0`@4#P?L#)PM@IIQPL;8&C%-"MUIP".]ML=XS$H
M9HTWL0`S0,N">;^.?=@'!RP(MV)#]0-E.C-!T6@%X`*EXP`SL#9*H&`GX`-#
M2WR0\\L.D(LT(!%]@!<,2P$-:W2+RR1?4P`=`@(ZL"<ED`*F(P`^("86L`$Z
M)-T8G):GQ2`XV`PA91\)$"OVJO]T5)JH!.M;,0`'.R1#W;;,:DF_09&5'`,\
M6/G%B`M&GKD1)5!65FP*$+`"')<"+6PW<Y8,`GPE"#9$);`"XG<'"P`"->X"
M@(+8]_WKH);?E/$\=%`'AN<=SU5.W^)/_M33/UV@1B!0!S`";5`(2$`=IG$:
M+6`&@M0`/F"#-[`'>]`-<-`!H2-P';@!9%D5/)$"J.(DGW`"Q\"""D#C060R
M%O$)HN,AC\(R:C4730$Y/D$`#=B;&$$E-B6*(UHI+.0QL&")#H"0$C^)3ZX8
MIE83&,\80]6$1+`$0'&X0``"8W`<A&('/[`$8A-6+LL%723E;&(#.*(AE2)B
MPG!3*D/_68[F)+SL'B[@`+B^F.=>8C<U$FDKT9Q`*K\`Z+.4*-6#(LL@%4UZ
M2,WP"[-%%#EPG$JG0Y'K#TR3XF#4"1C@1]W0`3+0%RN@%Q@P*Q4@`"NX!;MS
MVSVD6V`W9*T`.1(_*%GH`P1GI2\-['Y?3<(^&?"]-5JX[$Y03JX1AKMQ/U]0
MH+LA[;P+1BX0!!+`!V"0`SP`BO&Q^4F#!G*0`&G4B;;C"C&@`PO@!PP0+0Q0
M`FME"]3CO7'@'@G6#4!@;W_-'RZ5$)P)1CWD%5O@`'5P![NE96?"*(S@;:02
M6Y<PY%N7Y\`\F-JD/HT1_80)&4-5!Y`4`B#0!R"2`W'-*H*B_SXS0`9<4+4@
M0`9DX`59B@=%0`9)H#A#Q@C<6\2V-<^N,("+:KB44#1##@@5!1L",@L=#0T7
M!4`="A!`%3T;&@H*B@4Q$`4G<0\/!@T;!`0@$'$?<4`$.7$6/5L8#AA;"CU3
M6RY;.3$%"B4.)1`/"`@4<PX@'2YS?LY_?A2I$`E`,0H=%QH=&@L,AC)W*0H5
MV,QSS<Y^?W-U&!JQ=75S?_7V]_CY^OO\_?[_``,*'$BPX#\Y$^08[$?/SA\&
M9E@X<3*@HD0``8P$<!*@S8`/'&`8:1(@HY0#35`,B%-APY1+#7)DJ@#A@@X*
M`G[(P.-G3H1<GA[$06!IBX!Y#`14*O]@X8$'"!!R7+"0@\#41CUR2)U90(,&
M%RD<(#"@IFF<,@80</L:@<(6`K4NQ(B1HX<MF14\E/%0H6^%!K%2S*.'CIZZ
MP^KZ(48<L#`Z'TI"R/T@U,*@HW_H_+'R(LNL,T/(6'&F&1T>.D-HV*BQAG(!
M"""VE,"`H<"G5RX<U(D00FB,*1I>-H`*M0#@,3+F+-A0!D$%(!X^E;'4H<<V
MN<4[)'#PP_:G#[!S47!!H,(#"Y<^&+!$J<?4'!H@6"Z1(CD]!@5H1KB3F0X=
M/W3PY`P&!JA2@%8Q-&79+R7H,MLHE2!``#K0L,,.`S^5$H$\]"SDX8<@ABCB
MB!XBI!")[,S_\P<&70S@!`L``##""``X`8!&&+4!2@XBP$""$2@U`0,,5^S0
M1Q^\0-57#!V4L``69T1YQ@\.M.6"E1Z@XDH,#8``SQ8:@`#"!7U=(&8/[GV@
MP092:3)7#$`T]4$C'6S@@@4T++``".<YTL`):XZRQ09;]%"`7>[%X!=T>M'4
M`P;AU$,A.Q0N=IABECX#T!P,%%:&$C0@D.`GGU0@VP]_X/''$6FL,`<>5I`Q
MA!T`LA,@'5Z0\8(5=CBP!04.=-K.'"OX\$D<$"@P@P,".'?!!66LTH&BU^PG
M0PH"4)!`!YLDHD!TJU2"W5PY_++`'77\40<%"!P;1UI>;D!!&9_D_U#H78I6
M8``$;%Z``33KV"/#"C)D!K"`?MA!ZPHZ+#.>"RY<$%0YKUU0724Y5'"!;H:M
M,T<*;VVPB`.$=8CBR2BGK#+*)C9V3X>.4<II'?@-P`(+(Z``0PLDC&"C$4;<
MJ*,!'H011@M#LB&!!%?D\(86;Q9P8`X\X$+*%$?VH4##,<FDR`TW1+()!+UD
M\IHF8_>E!Q!QK)G#"1WT<4(F0!A`*A!=:O`!#58PD((.KA0`@B77";Z!+>Z9
MW0`\)5!00N-C.'#''9/JDZFF^UP>\#_#MI.$$A:`\'@(2I!:Q@EV8K`"#C@(
M<0<>1>"0!C2:988%%D*D-@0=<\C`P&`SS__QPP19@@*!#AM8\$$FE)4QM084
M8$#>!LHHTE>=6VP10Q]3-)")HF6P1(`+P#)`.0-C(/!!*G$@BT!7#7C"4@??
M6TR>!1[P!7T*^\Q16H7U6,<Z5K``W\G@@`Y(@/J<USX#6*`"6LF$"_2DIS-4
M:3P*V,`)0$"!=`UF92`,H0A'J(^6\>,9`L2<S.JP``&D8`YWH(,,NG"1$<2A
M`%,(`Q\N$H`<@>(#=?(*(A9!K0O8)3@*X('W;@`G(.C!`T"(8A2?6`8+1`L(
M"&`4=*IH`2#(1&H50,`2W@`'!6B@`I600PI60(<6"B`""6"*="R``%"Y``..
MLYM3WD*_"]2%!W/_@XJ9P/)!2I'00XZ9`PB40`8'.`0+)8@.J2R`N@1`80D_
MT`P=H-#(,=!&`&S$`AZ$\((7>*$(?C!$"E:9@D[58P%H:(H!Q&0``[RF*=)I
M@'!D,A<I6O$"->E!!6*@@0ODKXM!L8`&X'*NPBP@`7-#@`4Z@#\%="\H,0"F
M#U0GCPH$!0&#>]QLA+60=M!,!QZ(@AX_88`R"&(*<,G>%("##>=L80$F.Z0^
M]\G/#YD04[7:G#WN("9X"$`S#'"#"FXV@D]X8`,9D``'.""&%DA`EA`X@1E-
M0;8"=(``)8B``/J5"0CXA292*X`?&\"-+22B%K^80@)*X-)U6D`;"=#5_P^*
M<`8!T)0`'8B`?S9'&!F4H(KO>D`2%-"''C1`?:"`9R4P,1>;T(="E>NG08('
M!2+4H!X!PD,>*(!+Z<"!#`B`@N2&X`,(!*H28B)4"6Q`!"IX(04$`$X4$.$"
MFK%C3UTBD_,RH8"()9.E2U+I5AJ0E0YT("]T\<`'\!>43T!`%Q&HS^_J<"T'
MD*)ZBK*`:-<#`AT(!AVL*6O[RI"(HV2U($BI0P*48(`*6*!`0G&@:*/HG!@,
M+@'DU*IPATO<>_S3<L\P3#[K<0<+Q.$$+M@..YC0AC:HH`OJ`8(EIK`#">!B
M"^TB6N@LH8!8M(4`E=C`<&HR`PJ(U`$.2,$"5O]`L!BB8P$YB``:MK$F':Q@
M!L"80+L^H00(A"`)61@"`120`V5L8`7JZ!#ET)$42BSR=&A3:0,R&(5,,%$3
M&FAE(I=;W$TAQ0=$R*3"4I69%93@`J4C<!FV$0$?>.`"/I"*7#P@V@L08`-)
M2((:9K!,5IAT`ZZL@P!$"P$/&""[%`A'4@;\@--=3`-]Z(!,E'3;R<;`3A08
MPPPD^8E&*.#'HR`%-GAITFQNH$H/V$0'9).".YAO`7!TKG1`0`#^>`AX\M@-
M?1:0@A+,0`?8Z,`)&D"^"#B@8(8LL:0G/<+CXL.9<I@!@%$EJ<G)@%X/.$$"
MT``7`O!``CRX`@^>50#_L-W``X"9`48AL(4$;&$,<Q!`,(VXX!R4P%7^H/`/
M0'""&9AB8R=(`1I*T!,&U*`3TJG`"Z`")Y,2``M@Y=0"F"6]SRJBRKW8,")T
M>4:T:>($&*!9S"Q$:<X59@DT\$)_*D0'8/]@!C;]J,2<$XFY5$`/%^A2%!!`
M!!KX@``[6/`BMN``5WV,*77R005F7+#>^:\$O7&H+?+5EP+`H0%PR,]?K/-F
M;S@`#=)<WT.]<HGO93,V&&@E.^YP@O`ARZ-?^618QM`'OB@@V21N3"+G,1C*
MI6`#<J"`LN3@@P@PH+V<6G>[ITYU$)EHQ)(J3`G.TH$9,/R`86&6`LK`VB.A
M_P%)4HL!$V_`![!Q('\-(("L02&O7!``4CDP@#5N"X'%Q6(!]I!A[8:^``H4
MP`$Z\($.$N!?-.C``0\11P(@H`6I0&!M3"(`!>I\AQ6,P2T6UK+%3O"4!U0`
M!$Y=Q":F,*W79)00G>(05H->]12AHPX52((7UD$'A_C''O[#``A`S1(%9"(*
M.4A$3-ZPB)+2``)1,'[+:U*GF7JR!(4@-`;PF?7["J-TJF"U\K^8KSBY,^#P
M&,\&I,927JITSCC1B84(XX`9G$"T^)^+8S^Z`;23[86T%VPC5A@`(P==(0<X
M9G\4<`<Z4`+\`3.U%X$2"!`M4Q@3UFESX`*WL4S9,_\]"Y9Z%Z`%%J`%2*('
M)LAV'``&8B`!*M`&W`5/YF$``.91%Q`]#K1WW]$5RS0;&%`""3`&6:<NZ'!O
MFS<!\(4&D*=?%/`'X@`F<+`'>F!2E/$!:(1]*1`!Z)4H:.-DD^4\#Z`-</`F
MF9<#4-$`<L`Q`3B!+S,L=8``+R`$F4$K\P8\1D4`6D`9#_`;.Z`!.Z!EF1"%
MV>1.9(`#+[$7/*9;S1$#&D4H"8`!A>!7FR,`$.-B`\829?0:-!$)PP0!X2,4
M'U`&(/`2B>9Z'O6#*V`/FG,'%``'>=%.1),_<_%`[)4<Z7(RSH`&:.`#8M)T
M">`#?]"`#*"&PCB,^5"!O4/_:&ND)_`U+Q8`&PJ@#!:S%":UB9X``6XP!6+P
M!3/B`@S0C5LP!0O0`S\67H,R%`50`B#PB55!`&P#"M=@1AK0`W"@#04C>UA'
M(4)`#T*0'"X@-28%!UN@!B]`!KCT7"SG/32A"19#/]%"ALV1)";5%2*S`=L7
M:*]%C&M(867P`F$E0"N&#N@R!O@3=]1D'$F"4J*`?0OP"<5P6S&P`SW@6(EP
M`8N6`X@P.#]G"2#E:+.@<))S!V/09*)5+C%A%&<0#G<@`^P(!,91"0M&+0WX
M`P(40)J32OS!`"M`"W]R`HO6`&405+%7BRC2#'\0`3H``A/`#4Q7`G,@!R$P
M`PP@_U`8.9=4]T]A0EX99$;`06R+(`C.90$;@"9@)@"R%@<O20!@<`4FX#NW
MAY5:UG/O0B@6<`V4D`EV\F/)!P=201.60"8:8#X#.&*3PP`.0!X@$`-ZD$U;
M<`9T0`5)4`/WID<&$`.&TGQ3T#@"X%.7D"!9XD1241=3``<N$`[F1(!T>6GM
MD!0&0`:B!`UX<!KUP%G!8'\QR4NH&847("\.L`#IT@ZGX#Q.5A=T$T5]X0'.
M40Q8Q'>58$UZB5Z/A@5SL`5&=$0L!U)VMP$;('HQX&2B4%B/5B&:4I4!TYTT
M\PW?H(RN`F@I@PX$(P1L1%^\1U\`(Y?'6:'#=77HX%Q]Y_^/MF4!\Z0H4L,+
M=F,-"SB:=^``(5!\2.`-O],AZX`&[`,*/K8-0W0@W&!\_A:+0J$6'1`%4T`!
M^$0A1`>2=[!M+J!>F)B=8P"'IV$%24`%0F`'="!@I-)`'I!\3J45<I$#;^8]
MDW`)7@$'#@"?AN1*%MI]S6(`2T``8X`%844'/S`&Y'$)S^(F31D+9V`R=(!*
M`$('`N``9T`!.I`549$()T"3BT"3N@@"4J,!)V!2<0)%7,(>6T!-^!<MV61&
MMN"'9-,+"6(`9K*`?^![5!E0F<*&\A"6W7E[\R`$*C*6\I`B0NBB$YH89WJK
M6M4R_&$>R*(D=>,4B7`E\!4,G%C_`24*DG3@`%F"0R7P`[)G(?A&*K94"8L&
M3#&`%@L2$S')J'CH"GW7`<=@@1:2E#\Q!7,S%QJ0`(5`(4V:!%P`+.MP!@F@
M!97EB7_1?(6E"_$XC\^A-1LP.2;C/VE(=1=)*6-@-Z\P/F,@`-*S`8FG>N'&
M%H`J2GYF#W#8'\GJ`MO0%5,@CK.166&Q2@6T)S6A,8H6)[4T65!T`3!!BA:C
M`*S6"V;R*\MX6PBP!:^*B@&:*;,Z@#+3#NJ2LR/"JLD9>P&DLRJ$JTI;:0FA
M#NDS%"$@.!U&+PC@`Z<U&/4W0;,W#Q@0/B$0!1O@)!-&.6-`3:[@`5P22&%D
M6Q,#,?)E_P@)4%:F%P,)$)V#\0TN1D05@#IC8#X`I`X4@"Q?D0+_L0YFN0:=
M6"JBF!7-%S7KB`%2IX:((0,1\`-"(%01,`9T(`2:^U^N$28OD7IVZ@/M)6(!
MR(8P=`9@\@9Z@#]1!!RX4`65RSOU(`,^T(S+(@1",`N,EQ?XHPWT,Q<'TGSY
M8S'JFH]`RP!HX`'G"+1+^[S06UP(,0$H5`3MY0!T$&@.0!,:@"I$&YJ%\0-F
M\3X@D!L+T%,40`!91@ID0A,;=&9'.@P?(%<"8#Y)J0.X]!1;0!AUL`*EN;%]
MT0"J0QBU2AICL&=)!VSKP`"%UU:.D`VN5U6Q$0%8Z!7A*K03>/\8<Y!XP5`&
M+N`#'1`Y/B`$14`!<$,_:==Q#3`#&/`#PA*YES88=9`"+J`UJ"E:[2-:S'L+
M\$`^\44!<H`!+4HIL2H#E*`!;W.MS;$)7(I>$1":];`"1AN]5%S%^C2]`?,W
M=X2$1RH`<Z"N#C=BP#.``I!QYP$H7I&E$+`,&U`F6]!*WQ`!NN!8#%83OU`?
M<)M-8%&D/I6?)64<6@NTZ'`II'$G0C$(%`E?W;8FZ(6)B@@]\24#-*,!=$2W
MJTJ,AY$"%:"+;>4#)8`&+B``(,`[Z1C!-:&=W)E(,L,/J'L!UL`DE6`HHK4^
MJ&">9*-1E9`+P%!`H*ED8/)8WCHXHO/_MN![>XX1C%:<S,J<,EB<,"_&+">`
M@/C)`"=`,F)LD04ZJ[\C!"8<8Y:A",41=_"PG2U$4]O@)=,"'9XP60A@,?+B
M#3+@`!00F%O&)*$,:=N<JOVA*;WW`]`V8\\(`MZ3"3T``G]A)^L*DH6A-\TQ
M`\"#R>I0+!O@`W)P/&+RI^>X`A-`26'K7MZ@T/:(P?E0&#2#`*Z0PQ!P"]A`
M)LI3($^V/OBC,2QE%Q0Y!F"R#6$DK6CT*W56,BOTO9&VS$(]U`MA(NJ0`H?F
M`!&7`!HP!QL3FD-JS/Q;&#*``1>@1W%PI4:407,FQ^@U)OO93BP5<!M@TE6*
M1N.#7O3#Q!H0_W.40\0E\&8)D`!P-`%PNH1_L+O"]Q<Q043A9GP^\(A8)2GU
M4']H8!3&.8R7(L>0ISH30`%%L`(),`$_X'F/ED\P<X^GVSGOH`%,L3Y$TW=F
MQ"V^JSSMHQZUM%LM<<3<4@"]:%,^,`K`<('%/"Q$?=NX38%-FS!CL`'+!@)H
M<`(^D`!U(#@;$G4&,0\UX`-!X4`Q@`#B5CC$(4E#X3T:8%0SX`-HD2Q4I8AW
M)SE,F`]B$@$JM8M5H@/K,`-]%Q/?<R`:\#B08*P32BN6<JL">M^7(B+H4-7Q
ML3[J@3]DDWR)P`C'9-JUC"93X,H>,`/HX``^@(=.89,*`'BY7>$6;O\06`P-
MV)*L8V`'VR8$#$P!"8I(FZ74<CL_WF/'5X+4N!1%#0!?-CU]<W$"L1#&/WL/
M)5!L9>)X8Z!?_[%O@I2N$1`IVXL`&Y`.`GJF^+WD)$*')=`!/';:[S)9^)--
M6I$X#?`4ED#@)P"$DI("BW0LF_!"%U[F9MX/1DW(_Q%H1#?&R4W2=>#@<JMW
M.`<71RJ-S]*5I=`M_IG*DA*KMET/=H".&Q`"NM@!($`E%S`#E-B`V_G6%)*L
M#5?`FF.A2\[D(`+5/R``<L`MA^C?3U;+>!,!#M07T!$#_*,._I&L,Y`*%=`!
MP';FLC[K:>X,2.XQYB26!>MN'#(8"S`#Q2#_3042+<5A;FZ2360-#,3)A&VN
M(LY[#[11!S6@.@LKI7CT'YJ!0K4*5J6:Y!5ZZ?@=(D.GRNT0S]JB`X\J3:AP
M4Q&P[L4P!<$",(3]'X46<[L^Z_A.U,V\L_1@D9-R[PSA&+(WP_`5`2)3')P0
M+_@Y/L"R2L0)0[5-8MTXQ>S0$_F4WXG1>]F>&)7^[>!>E20RV$'],EA))>_@
M`\,M`$_V0.#8*9=2.]TWL/D^\Q\2\3!,0I968BST`U12V;$G\S0?](:4G#3C
M`C,0MJ<(]$*_]"%O\P"_,CE?7'#^T$Q?]2-]CVR>V%:_]6/I]$I_,E%?8N#+
M]5:_;IV#=62?]N+N9/7]%/;#-71NKO9"#[XOK/5R?_<"X?5?CR)N__90C/=!
M+\:"+/*`7_@"Z/1M/P&UM/B,W_B.__B0'_F2/_F47_F6?_F8G_F:O_F<W_F>
9__F@'_JB/_JD7_JF?_JHG_JJ;_DE$`@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>50
<FILENAME>o68633o6856314.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856314.gif
M1TE&.#EAO@"[`.8``*BGE<S(LJA11MO9Q,2]I;JTG,G$K9B6AL:\F[RXHHV*
M>'5U;JF:>-'-M=/+I>;DT\S!F]+)J>KEUN#<R/[^_-7+JD1"1*"<B+*LE:BC
MC=?4O<'"P-/-JM7-JN3AS,?`JM7+KLW*K9B;D<_&IM+-KH>+@Y^AE-/&HWN%
MA08$!JBJGXZ2A\/"I<G`H-+*K\#"LM''JM?:SL[*I<W#HNGFVN?HY[:KC<[&
MHM_@SZ^SI[>[L>GHTEYI<DE7:V5@5>/DV-7-K9RDI&MV?=[/O+AZ:8^5D<G"
MI3=&8.;HU'E_><K&I]C)JXR:I+&OHNOJVM?*IKS$S-6ZI,[#IL>3@+"PFN;I
MVX@B';2ZP<K%H<6AB\[.NI20?JVTN[RQD<[0K,[1P]K&KM//I2<T3/?V[LRE
MD\"]K='-P("-EMS$IUM73L_6V?'T]=B]G,ZKE\?'K5%*0<?.S^#DY>_MYMC>
MWN"\HJ&MML&VE.2OEM&RH>?N[EIA9(.$>-V;?]/+J^GGU]3,K"'Y!```````
M+`````"^`+L```?_@'`;@X2%AH>(B8J+C(V.CY"1DI.2<18IF)F:FYR=GI^@
MH:*CI*6FIZBG%A9I!:ZOL+&N";2UMD$Y`0%:NKR[6L#!PL/#)4)"*#K"9SS-
M>CPJM4U%13I!5T(`9T(]*"(B9[:V(D(F>SDOZ>IE!&4O9?!EXK2N3?;W5/DJ
M&`#]_D5)%B3!0)`@@(+\_&7(`&"APX9Z])100+'BGHM[5EGP80>!QX\@$;00
MV:*D22PML*@<64*#AB\N70Z(*7.`S9LX;<J\,`,+`A$Z9VHY(&3%`3<`%.0P
M8:*$B"%?2N@X0Z5(@AE[5E!ID6`+"Q8J])S+X::!E@8D0C18JZNM&S<&_^(:
M^/J5@%V[\V05:,(C21<[=KH('DR8L(W#B`]G6'"@\9;'CQ5L4?!FE8^0($UJ
M-CFC<XO.G;%@.&!"0\[3J%'KR""EM0@4`,K8#"#"S0NF3?KE^%*@P1`-58-X
MR8&"BM0]"U`4W5,BQ]FU9D+<-M%D;0,7+AJTE2OW@_</=^^*>Y7`%8H]@`$7
M`%RX?1<;[]_;`"!0P8$M#"!'KKP1\V:31@1H!!9&@-:9%#,H,4,9![R0VH.H
M:2%""R.T5D`2`!R@00P#)`!`$$V8!N%,,6Q`F@8OY`"`%L[%-(09.02QA0D`
M%$#:<[ZTM5U<WWT77GCBV*%""3:D9Z21[@D&'_]B&&2@`&/WY;>?92&U`,&5
M5V(!@8&@W>#EES?,X"4&34`X`4X3I*EFFAKL8<27,DAQ`@P%Y'#FB#,-\)L&
M0,3$(4V_N:&""E\4D<$%2;!PI1TFJ!``"-:IU4`(E+[%78\^_DA`+7:(L,)Z
M1X::7I*)';#'`5).V=]'_Y7$99=@WC#""6%^L`*'`Z1ITYJ\]AJ#"!DH(8,,
MLL)PP@A*;)'KG7="^$4`0=$TDPH7(%!"$0H844!?!)B`0E][J/`<6RY0:BY<
M<!F`::8_TH+<`J"*BB2IB"VP!:KZ\7=9JZ^"-H*LK05<X0@$*Y&$";TFK+`.
M"L@0`L&TPD"P`0TFG&O_##'H.H`U0O`@6TZFW<8"!F&I8`1X28A@PA8!LK#%
M"CHP>$`"UNFH2PC<J=NCIGCE4,(%\H::I)*'V7M!E%OHRV^_G8TP`\%01TTP
M!M1AH/#5:;ZP@A$C##L"##<H414*)9C@AIHXZ,J4"`&<J4-1&`:1F@H%S)"!
M"$>4@`6"6XA0Q!XHM4``"@L((4(!>P111@Y-&*!%"#KF_`&/._^80Q))9(#D
M"D4>.;1\&21QKY1*:]:OTT\[+374,,`@@QT7"%M"VA/@0+O"M..P@@H12&QL
M!`E<@,(*&!BA@[AK:N%M`DTDD*8(2;1P0P%!-(O3"DI(<;<(%ZAT`P!%(3##
M_V=87(#!`A@4()!86Q0A0BXNV*R+Y.P2@,"F122WQU\`]%""J)][#^88@*_2
M,0UJJ5N=Q*#VL`,@X`0RN)6:/(`##Z3)`QBLG>TPB(.HN.$$<U("`)Q2`->%
MH`3>T,$`3!`#%61`"&730)K<`$,EH&!FJ"G!FS*@@T\E:`8)X(&"$`2:O4$@
M0'8H`144P(,,;&%%9[G9CKJSK@_`8U,)6$$22K`"R02-7GL(2`$M\YD#KDYJ
MK6O=L$1`!1A$(`)->,$$+*A!V]FQ@A7$(`:'$H$;R,`$.H@!"LH`0@.4``,R
M```<4D86*1@N32;(00Y6P()OJ?`TL<O>"HH`@-9T!O\!!2JB$;8$FBL9X6Y4
M$($*5O`"ZV@G<CG3V0<$QP+PW&4%33F`J.(5&,%@0$E;Z($0"'@`?;WJC`K\
M6AHE5H`,N+%U!,``#F"D`A%84(]SI&`%-1B#+83@*RK070M:-R<9C*`%/#B/
M"8I@AQ/$)FU%N$`)`'""$!R@"&NZR0&,H(1D[4$)-U`)%KR4()6,4DLS*)!`
MMZ3%B91A7*^T&?U>L#-V$.!E"@!`T-C3A0OH(0D\N,`>>."#"QS-F%Q")AJ7
MV;H/;,&/YAR6"<#!@V-L``#'`P"A6A@#/.)@`'LPP0$NL($)[*$`$8#@L$X@
M0@+(0`7L/$$"[#0!%24@!!#_-`#">#4`'8;M0L13`JVRUYHP(0@+,R#E$<<7
MH`M`XPNNK)E$+R5+[_S(.$_L!P`1QX,%^/546[@``5$J!2^I5)DLC=H!"."Z
M<LH@`RO@P1&2@,MOS#0)@Q#""W#P`#SJX`L<LAU`<E``+,C``<,RU@B@:H,1
M,(]V`!!!`OP(`Q9^5DT#$`$!*C2]/:#`#86=@2?3VA.T$HBX1R00`IJR`72\
M```),,!U`N`"&$R1<NMB03LVI8(#:/%E/[.#YKK@788<RB$FO8`Q;U!86:$1
ML6D<P1LCX``8'$0&C74="RXP.!ZP((@\Z$%?C-&8%W!0CQ1\``9U4((DZ"$!
M#CC!_QMG!0,,K&`+(R```-)&03-@3P9N.,`7M*@#-46#O5)@0<?"E*`;N$$)
M-`)`&<?'-!8DX0`-%AT7H?J"QA1@?K'$;OWP`M6^.%B+>C@(01RR$`:HUS)*
M()AA5\K2^49`O@40`03=&`$9N&`+'^CR'F80``)\0`$8"(%/8)"!#?P@5PI&
ML.VV`($6&.!A$>C#&^<D!42V;D463)N$C"-)116A;0,(P#V-@@(3L$:X<G(#
M!#9I@@O4S4"D1&MG!+0I([3@`T(@B@Y>P+8`!%G(0\8B+9*``I-NX3T&L<%"
MTJLO]WJI=XB%[S)!V$`C=+EW]*4"!B+L@#Y(&+6HE;`+(O^@R``<(0@_R",&
M'_`#,+M1PE:>+PP<\$8`M(W#NMO#"V*P``#<@`4`2!,.7G`M$PC+C]F;"P&Z
M4(`BF$$%2:@66XNK$DRGU4HE@0`"/K"8,L`RENNRBRT10`L[T&,O!4"(K-%;
MZW_)JG<LK?+7YGLX*[M1!ELPP!M#H&T85)?+)TAE$A2GA2_\X`?3?L`7EK(0
M`"@AVTFM;P0RH`%IGVFSW91!!$+`0C;52`D&*`!3%=0"$?1@!7I@8<B*D`,>
M%*",`L4TP$URI0L(H0P1!?*EJ@@D5<.B"P4!P,0/I2\#$,!+S\QXR:U<``!P
MV<H7K>X;B_U&&7"``WGF0!]&X%W_%&R`1N'\P0,6C['F<D$'%T@`SG5>=SQB
M\Z<*P&J%MSJ!+P``EUKAWHR*\/@DI,@$'2J!4Q8@VU"Z?D#CTXRG"7``*K#E
MX*A.=2UB(7&*KR(-)=@#R8U5Y3=R^>XL4$`:>^<`P.LT!,5V`;>Y3=\GO)$#
MQ>9V4XQ``@(T(<X_:(SX(UD"DENYOI2*K1:D'6CA$Y\*G*]=#+Y@@C/@L@@K
ML`F'BJ""`41%-E\P)!=`1/WR&:-4$L8!`+<W5V-7.4"R>ZX@;`7!9&FP"F*P
M`K0U)\^$<]EF3V%&?1+6!WW@`DO$`E[V1GHF@BJX@A$`>-@7`EOP!8OW``>P
M;!'P!'U`_R%ZEF>]@P8GX`"H)04KL`'L]P4'4$\P@`8FH`<RQ%5!H`1@@P%;
MQ"%L\R<Z8`(O,#Q-(`)2``''M3<S(`+00`4R)CA2(5<,2$4.B!>V``L%H1@9
M4($;`4)STF5W=W?:%@$N<!!YEH(\.%]NL`(&`(0.@(,K>(A_*((AD`'A]`#1
MX`#+Y@414`$50(@.X`4D8'PD8"P7$`0'9E2N,RQ4$`1SD#:W,P$ZD`!1-@(L
ML`#0@A-E(%L*@`)%,',9T!-*<%P%(`1G\`()T!2:`P`7\!RZ$#_7I8;UDQ<%
M(($&L1!R:`$7,"PR4(>3MV=/0`+!$P(R,(+TQ8-/\`058``7</^#$4`"AWB.
M+/@$#A`"5)`#/S`!)I`^,E`!,*""\]4'#@`&7!9!WD!!'A!)&\`]".`&5',&
M.H`#6K`L9W(`*C`K@E(FS9(#5R$D^L0"7-("&:!$+N$&3>$4XT)=::B&9F97
M;`B!KM![<N@#2A`"K=.-U8B/3^`"BV6.?9B">E9LM><"%8"#Q8:.B-B';\0/
M*2)))I!]/4DI$9!F0!@!WD)UMC,=F]4$*)`$-[!<13``[C,`M&,HLT(%2:`%
M&7,FJ&AN1M!_,R$"!@!I`:4E"B`"&^`27V`&9@`,KH0=QXB,R6B2$8<0<6@9
M&T=]'(B";Y0!5,`!V`&$(EB3E")\+L#_`>KHD^@H>+W3!R30`":P`B*``R9`
M*7]7B)5(:/@5`<B@`QPD`B9H`FXF`B4@,7^D`B9@`'N0*V;@;JW3BD6%6P,P
M,UL`+6>B6P:B$A#`/'N@`X)"G!"U%G9YEW5%D@]8'J_PAGW)"L<@<H'YAR3`
M`AE`7S?9DT#9!R&0;R>HCC4)F8G9A]@G?51PA6]4`7G6`/UP`!M0!WM``'V@
M!*OD`0\0!!<@81&D`<9P`U?6="(`/$TP?RL0BC*P7`JI*SJP(3;Q!1E@<6`H
M!0."!01P`3[01240`&805\88DCMC2\WIG'MI$,_(!'H0`$LIF#Q(`M_H!@K@
M!GF&F/C8DWU@_WWUB0(LP)/DN8(5L`3TA9CT10`94`WN8Q26%00JLP(Y4$V[
MHP&+%P28Z6LC%`1%4`#X=0*X=`(JHP.TN&5S$CQF8#&Y\@(8X"4`)292T&\)
M!4I8<)DB,)?CDIS*B2F:HI<((8=I$`-:<P%X*)@WNG.29Z/VN((Q6087('T]
MVJ-O9$CH\%-Q.1-?(`(`8`+-L`$/X'^<I7@>$!7^(S<Q$`2^]D;V$P$2^05"
MH`(QY3I)254*HP(R=BQ?,ERAT1,M8`<?$E=A)W9XR9PE2:)YN@H+D#8\(`(P
M8'Y`B8(%<`$A@(\^R6TW6@!;('D5L*B+:@"LA`-(0&V9.@`QL`(H@/\"2:8"
M/86?BZ=X&Y`$^5,$+[`/'`AC7Z`#30!"YB1?`"!'"9,Q`[`4N]5>4I9UFV8$
M"2`$QRD_IM:`:UB29T<0SX@"0<`#`."'^,@!E%B??EJ.X[F"T&I?`+!WB6FM
MZ/BBW74!KID518`$@H26?1!;7ZE@,Z@#/,`46Y0#-X"L\R4#L7@X++EE(0``
M`T!':W([&[`'5,!;8*)IQ-49!!!4`>!*!GNP".NKJD:B>RF'//`%2:`B*-@'
M?X=];V1IDZB3S]J321``]/5W-@FRD`DY+^`&`6`""[`:TN<`(!``@;@!6M!C
M]V0!3+!)*]`"UA>8']"Q0P<#+/!<!9`[">/_8=(C*U\R`IIV,@7``BH1BSS0
M2G$%DG=II^V"16Z(`7*X`![P`Y/*`BK8F7E6=YEXHY!)H\LXL2)8K6K;NH48
M>`L0!"8PMSM97P=1`"'@`@80`!C``GMP!B;@G7IV=^();`DPN"EC1[6S)BFB
M,@0`4!``4&;57CB6,BO0O2JP`#D@EQZ*>U'+,P]7M<*J8#]PI8G9DR2@!`>@
M!,YJB.C(=Q%0``I@NK++@FF[J#N)H_BHA^NX!T5@`!RP!`Y0K7KX1ID8N!%@
M`$4P;)+)@3+``BH#/2B@E?YH.^IV`!A@``2S1<#"`E$F!5VC!&#A-RI@<%H@
MEW3IM.2;>^9[OJ";_[[X>5/L25_LZ0*15XFL2Z@?JX+6-S,DX,-!/+OG6*V$
MZ`;,`6&*VH?JV*P]B8/8!XD[N(/=>`(L`$@LHEER!FXF8,(C``![(`(QT`07
M0`49@`$#52$64JE,T0`:<)S7\:%02U>IAA=N&+HS^``7H*(NH(X5$#P:N[^'
M:,0BZ!5]\`>`=\3H^`<B^`>03+O1=P$`T*Q(S(+&MP1<Y@!OFP,XD`,$JTT;
M5#OT%`%E4`U-^`)!<`9)4`9>8@0D'"8WT`)-8`):T`]F`2E:4+?;<<<(>Z?G
M6P!\?*XAE@`5X`(D@*TG<(A`K(*&W`<)D`$B2+&1G+:2+,F1/,F+NI0CF/_)
MB+B#E.(",K`$]>8I@<1^VZ29&=`$6^`&IJ@FWVH"^2`0,89C3/$"K.8"<YHC
MI[:<(JJPKU#,,X@#*D``%?!'"4"_2*P#6Q!XLLO-BPS)DYQGV5R>E/S,2(R"
M,+``E\D"7G``.8`!W]"6,2!G<]1Y+]!S^1JO,1L#\O`",!$39C''KI0CO$H_
MX!'09N<*!#V#'L!&"2`"R^N3W:F"D"P"&/`'C1G-V7S1VHS44=VZ:.O(:BMX
ME+G%Q#&:&5",9=`/*I!-_IA!O7**"6`&($,3&M"A9G$6)&"P4:M[#_?3BX<$
M/Z``":``6%K1D%F3V1RC?0`"E/C4A%W8A;W-VCS_B2J('>"L@@F\V`X``2"]
M!3>55"#T!"'@?7#P!7J$`W/``R7PL[@ESQB#$S*A`4/P&T.@!4&`N9+RH0@'
MT.VR>SZ0OGV\>%5@#U+P&C-@K7Y-`@I@`-4ZV%!MV,9-T<B=@HS<!Q4@T1M-
MB7F&'4O@`F`0@QV+F%)`!?9TF2:`00%0`BK`TK9S,%I@&KAY$VKM$B_0`W'[
MPC&,:L),#[5M`0MPVS/X`U>H!RC@=R-8;,U-T?W;W,`-!$J,V(A]W$]MX(DI
MR908S87*J#GLC0X@-AZ@`M#7.Y=9`@G``E1@!C#G>9EY31,0D+"*F1AC/:9!
M$U\P.)1%62^0'9#C%NDR_SD)UYRN,-_U?=M(L`,2$`-%($S\=9AAL`2+_,@"
MO@<1\`<N>N`(WN02/<E3C<3<F8([Z0(%X`:.*"<N<`(LY`:,DP.C2]83D+?3
MVY`I)P(+T'\:H`-4-P`-4`+E[1)2@'^94U,JX+;6Q:LTSKDVCN/VO>,/\"L9
M$HL8``-_!P)%?LV17*TAD'E]0.#_[>223MC7[-P/#IDNH((DAP``L(4#,)L7
M10(%H`)QYK(;1$&.QA"U!X4G(`4P0`47(`+W<0&HIP7VEMI\D@-#E03(@`R^
M&P"M@W`)J[!^OG@2(`$/L`,\+@%74`!DDY1'\00<D,T-'NG52@(F19E_`(Z3
MWO_MAKW-6YNQB/B-/.D`%[`""1`##\!@EUE;,:!X,0"EG>T!+41R/PA"UL6:
M2!=E,S",.D$3.5`$5/`,0E!NQ?H!,'!J-?Z`!5#L?4P#$K`#G;4"1[`"TC<"
MAA(")``$U&[M2OX'`UK$_SW1"4[RWN[D$YWHX4P":&X"T_RV+U#0,8`$6H`"
M8$[O\11G;]MY&%`N+)I40C<KQX+"27#:,1$`?PL!B(,`W85C0:#G\&V^#H_L
M#[#C.X`$2*`#RXB-%[`0'DP"8%_8@]T'_%7$)W_VQIWRXBZ"0,CT9Z`'QQ`$
MG'7?BC?W#T!UI`YS*D`%&^`!07``&:"!^T@P7K-?A0/_%#,1$Y9:6BTP,XK2
M`EN0!!D%M9,CV\WI\`]`]3^`]1*@`U30O1G``DMQ`QA@:6'_U)3(`:)^`8;X
MY-I\W$R.]HE-GH#'3SB5^3I^KO\XC#-XRP'P`%5E`C@7]!-F82HP`P?0H"[Q
M&[*>`2U@!!BP!7M@`R/1#@<`S)8O'K2`^<B^`Q!_[&8@ZU^7`$Y1`=>Y$`1`
M`M,.R6//E-*^W,D=^ZC/W.:_DU#>[45^_Y-<Q#4*"!PL*D@_#X8/B8H/)3DX
M#QX/6BLOB08`$1$P(0XG,)\P(Z(C2B==0CDY+UI?(@DM1D8M""HKLP0+/"Q*
M!KT&'Q\&;JD)!,;'"0D^%A8+_XH2T#L2--`_*RQ"6R(7(B050`TL%QDL?Q5]
MZ"`5,T5/#D]_?7_S\?+T]_/H?145\^=`]O`)%*B/7A\'_/I$**#B@A9$BR)N
M@)C(4*0``%Y4.!%"1B90H4250H`B288M>HJHP`*A98N72:BTR-`C29(534R(
M,%!&A8H<"Q3L.89,&3-GT"0\D"`-VJ$<)DH`V)-@!0<0$3AP(&'@@`@E"?]T
M8'&F"8P*'`P6-.B/0\`^)$B`@/&JW\"[:NWI0[/$A8$%=7Y0C*B(!N$?'A)_
M*;&GDPL8)V3(`"GJQHP">DQ(F5$3P0PL+"'`PG`!@AT$"#)0V8)!1)(%/;9L
MZ7)!@?^0G"B$N#+:3&G2W]`*"1F>I$6)L^?0:75C8@6!)T_0M<!0XJ;>M?G,
MH45G\,F)$D),X!T_$*Z+;X,(/U//_M"/`VZ\1``36=.G42>4N/&L1`8/)1#,
M$(L1HLVR1P$OM2`::@1D@(!SJ`EQA`TE*&"''0H`P)LS2P'GQP/2+&9"$D$4
MD``5_*#U!P<50&<$`"8`$`()3V"5P`4@Y!.06CKBXP()^R073W;X[#B>5DL`
M4$1[3"H2R2)?+%"``^AH\M%](]P@A10WW&#"!99A,4.`LK2401(`H*;FF@2@
M5D(/#@*0A!T%V*3",LTD`MP#2(#H1P!%V"3"`@1@``('#H3_<14(\O"C!``7
M`-!"`!7<^%9Y<.F(#A4K9)#B.?<8621>%:A#@`@Q//!ADZQ"@D,.*V#A@`.9
M:#("EEIFB045,_1J!&A8)`@!`0>0^,HL:Z)&16>H%7":'0#PP$QOP"F%Q`ZJ
MOM"#'D(P<<0"*FQGCUO[<-<`L28DH(0))&3''9$D?.""/ORX44(!\P[Y+D'[
MCM?'$PGD(($?@^G9*F$J[&$$E;5>.8(,-\!P@Q)*S'"#F)\9,8."+T%@!+$+
M8)"LF@<(<4";:CZ[Q;0+5.O'AWX,C(,0/!1QQA$\`)`6"#GJ"*H\\G!0P!9)
ME`'"K/ULE1T)#2BP10/J\!-/NW^H__.$N&MQU^^*6G6-5@X`X.`4>V,?_,`+
M*LR+:,-85N8VQKWV*II++UV``<IL;G&`R",CL&&U21G,1*!"]"!$!N2]RP_3
M+%`A@G-+/,$!=/VT"$(`1JB3:`5++,&/5D/FDQQV.^[C^:<<B/`"$F,';C9A
M+Y@0`G0A6'FEK:.($O?NOW+,,147W-)FH;D4D<#(SZ9Q%."N#U#=&4$(48)X
MY-W#00>?.\`"C#$F\*,Y5U.M;]?ZQ$5UBO4`762+8?G3Q.I._;:>4F8#X`:0
M3]A>*RBYZ[Z[W+"@&PN&AC?49.`"%]A"WVK3A#<L#W`Q4Q4.:A:$$N@"`-4+
M$CU:!`\O:/\E`-,S008PH(0&D$`KV*-7CN`2%]!I1U0%>=>XM%(!$WQ!&A^2
M7X=>EP@S`,`&NWC"O-C6MO[]KR6Q>`D"#G``!_4-`:=9DQV8:(,]L*Q:2UF*
M'Y!0AC.<00\H.$(&J$>>J_W!?']P`0B@PP$O'.`))`A``F0S0@/`X(0K^A0_
MD-8/4>7E78Q"W0IPT!36!4Z'],LBDW[P!1,<8`2T(B(,(M`__^V.`&G8PC@4
MD(`/=.R):RJ``C"0@)/@J65)B=G+L$6PG_`@"4(00XRJ9PZ#Q"4,?5`C"$*P
M@G9)#2[;2^`65%`&`P2@7=#I@%S.DT&@.0!1'=`*TT3P@Z08$I'_B3RD%M5C
MB%9$0"%7XE\E_Z<$%03A`(UC@1*1A0`(/!$`"BB`WX9R2@_%#(<T^,$`SC`<
M(10!@\W4X!\0TK4"-`$>\P"(=ES@@A`0@`H8..`%3%`$$V"@`$:`P3[NHI=X
MC,`(!<"`"49Z@1)4DWG0B)EOYM>J%P``G.&LI"5[A84M+"!X'&OG@A#`3C41
M0)-1O!<!ZNF;5$;P97X0`0]0$`04B``&5ZG:$CC@.1KRC$5AR!%56:05`$CA
M70J5&@D\M\S'O&`!LE&`6M<J&]D<0#8K`$`&`$!7NE[T>"P8P04(B01JJ"IP
M?MC!#EA'@\%.HYH1[)/!#J$(%1`@`B?8_Q\E0Y*E&\QT8PO(08(2A!H[=(%!
M:L+`%M*DIJ$,]8$#,VI*`_N"%9@@!CV(*PG"\$P:@F&L%?!"D&K$HD.=[@`R
M:-2*RL4YKAJW`B%8``.6R]SF.O<"F;!'7#@7.7X`X`O7`A&?L)6(/EF+=8)%
MPK7ZY%WN5D01,3A`"`XR*\ED8IR[PP(+]M#.CB6(`$*A`FIF<9+/KLFT1$6J
M@`6\@YR(0`<5/5D'P-`UJJJ11>;PQA)6=$)US.`"4T4+Z,*@HC]XKG.X7,('
M]N#<$C<71^<H%0F`P&(0M)@*7Z@"#00L8QK,V,8VC@93_$`#)%0A9H8DV!85
MZX<OQ),$#&UH!/\D(PHIY"YN&MM"`3;&6='LH0@K0$T"%'"!ONVA#*=MADK+
MIL6758&B1Q""'GB0@RV$``]$$(``Z.`%+TPU1TNP,Q&FL!7=AB$"!KA:T)8`
MABD0X0E>J.4YO,`H!&S!Q)"^`#J`0(('C.'28Z"`IC?-Z4Y[^M.@!G6F.RT'
M#5!R!$X>P?_&A-]T*:A,+0!`&DR```P<Z(D`7IY*!RQ@,X0G"440`@H(``(O
M",`*<1;`"3C7@7?D^0D"(`(:)/<$17F!"&1`2QC"@`8YA\'.&O;<H2``Z4CW
M`01#N+0<UAV''ZR!TW%0@QKFT.DQT%O3:[@WJ./P;D^K(=2:?@!E5;W_:@AL
M;[09,,9+"+"'UUR`!7U+`*2,<4I>\YH&`3@#EK\H!"78``MR)D,;B,"&9$<A
MV5.(=AL$(`4Y"X`/5K#"%%(N`#(<6\YLH+G-V[!R!B3[V$2(LQ4$\%P.`$$.
M%)##&N10@Z7'`.D46`,/<':$.G!Z#D<8-11ZL&DHB"`/<=AT#[C@Z1H<H08`
MI\``1C$#@O^/0%59P`%>0B<5',"_?<N`E"A^%(L+>&`#X$(1*BCL`F`X"S$7
M0!NF@.S&NUS.R$8\$1P_^9\WGO%"CW;E(<_YH0^]N0?H@P8HX(1\<Z$..9A#
M#<R0::D'80W\I(`:N#`'K*OA"C78.ARNL`8H_S"!"4*X]]@W??LYQ.'L<>`W
M%*Z0!U*[P+*798DL6G``%.P!`U10P`$J5,`UB;8)8`[S`E2)U,(.K+`R/EL,
M=H""$JS`#4^(`AJR<&P^0#[S*8\YS^\?;<:C(0KV)P!HX'F<YW(Q)W2)9P4,
M\'G,%7H30`$_D`=%4!+^)`=E\&Y2AP)7T`-G``5B$$M7<`0],()<(`8]<`30
M,X)BP`2:-GP4``=B,'4AJ`9'X'LXPP/]IFECT`#0YW8"`F4$$FNO)"D9,'<\
ME2P%@!,?<`P5-V`]=GX[(`)-(%[04`<J(`(N`&USQGAR=@?(1@1\,'F/UX71
MAFPP=P<V)V<#.'E\D/]R,-=XC1=TGK>`1->`?>`!%(`#<Z`'S"`&>B`'3>`$
M43=U/2`&>:`&9\`$8A`$1[`&:W`$3-`#:W!\9\`#=7`&8D=V%#`'OW<$02`&
M8H`">=`#=5""^D8!._ADJT9E!4(`L_"*2K1?ME8"5,`"P,!W8D9^/(9/.U`$
M):`"6B!>`<!))"`#C'>`DW>`QS9TT48&</B%R+:,R78",B>-8/!Y0[<%,9=X
M;["`1`!Z?S``%/`%:Q!+*1"*-:`"2"=U=;`&8G`%E4B#C!AUD"B)HUB)EXAO
M+LA/:M`#BJB(_5B*3-!\FR8'+@!?1T0W^Z4F[M0"/V4"!&`$P+"$N#A^O";_
M#1@)'D(``(+E6.<6!BZ`!GC`!B>P!'2`!BAY`B/Y#FC``2=`!S")DO]7DE$0
M!1'`%Y,3.7<0!?N`!FQ@`Y`V!29V`"`@CC\0`S50B4Q0`V6P`:UGB13`!#QP
M!ARX@C<X=A_(@4'``U!0=2V(,\-1E=X2!T+@18:#@YSF`0/7=JNX66[I3JAQ
M`7L3#+=(%$TX8#M06"]3!!4U`'ZP`2)P`*?S;7TP54"R!'W@%GLD#R"`2[?"
M(F-5-8D)`J?S.170+B!I!.5F8AD0B'+@!&-@!F:@>C'0!$V`=IH&!V'7>W'`
M!5<`!7,`!7#`!7&0!U``!5P`=G"P!E<`!YJ&FZ[9_YJO&9MKD`=PD`>GAYJ:
M)@<@@)"?@3$$H$YNJ28%H!()<(5>401;4`84>9=(M6,8V7X;4`5(H`5'T`2*
MPF",!@;UX!:)ME7^4`$ND`$)0`)VY@67R9X>M%5;50%@0&@(0&*;N5P)MP-5
MX`%II`%R$`,2UP1FH)QI%Z$2FG9.\!C."1KN9%,\)2SN!``E8`#5<0"=E4`4
M*7Z\QA3FAP1"D`0;P#HTLP>Y1%62@Q;493II<0Z(L@0D<`%2@!;>X`"X=2@L
M$CD-YD$8LIDV\`!.(`<XT`4'$`$.,`,3,`%#``9F@`-FT``#L*43,`!3ZJ5?
M.@$:D`!=VJ5;>J8#H`)%8/\`9CH!`?`%G^D$2^H$3?`%9VJF&M``2^81"`DL
M3HH"KT`W6T8%`>`&/C$BP)8#MMB=?>>$.\!C$E`%)3$`CZH#/<`#!8!;YV87
MY%$!$2!I+E0]B_,$7:``2+IN0,D`;A8"'[`#>$`&9)`%8#`$73`"`K$XWE`!
M&5``WW0/-*(5*(``0TH"$8``4VA(@X4#;A8!:"%)`S=3H,$"&```KLA97V8`
MO.`+OS"1=>F=+Z.7U%`%)7`%*84#@V<"5Q$&'L:IXU$!1J`"B9D6M-0/WH`!
MI@II&>`"9E`H7<`06ZH!0S!S09<%`]`%,R`J.IJ8+)`!XD,/+)*8(O!-Q*4$
M34#_GM0@6#2@`P6@8<3Z$;<B4S3%.P12(`@``$U0J$KP`4V@`DWP`1)9EQ5Y
M<8]ZL3E0`@,C7CM`!0G0`!HDK^31`050`/%*2_>@JX\&:3:`BG+J!!+P`Y^I
M`1,09W%&!AI@`U$@$"Q2*GVP!48P$!QV*`V052XPI'T``,$8$6?&"<3Z"?;Q
MK&RW.RT1MQUS`2\0`L.@`'.U!QGP`2\PD4S8J'_WJ-'P`T)P+=`0`T+``0W0
M`1/FL^3!`5N@-NPZKQ>PF1DP!`C`7`ED`!%@!QZ0AD0P!$9`0K?:+@M!!5NS
M(I+)`6&P!$>CM<PA6(KT`#E`!;,"4Y0Q3I;A*\$B&F4"_P#%E`$B@#+SY;)^
M&[,#QA2L$U@2$`/7(@TS0P5+L&V+0DL<L`+GD*M$FP\B@*04X`&IJJH$X``(
M0`5#4*5#``,V@``P(!!900(WX&:A4[005FTXFA`DD`$X,`!?@`.&`0DF$`!P
MM#_B9$0B.WTO(0X)\"7MA!I=L`(&T`(L8(M_FXM_AP0Q\X2/:J""U0IEH#2E
M0DM>0E8=L+WF$`$'8+GY]``:@`$,$$\C$`(`NZ6D80<C("1%.Y\?$$@",;T.
MD(7X*41HL494$`0B,%(_(%Z2$!4(0,!%=%EQ(RP((`(F&SQPB0`74`#<VJV`
M^YTO,S#W-&8#`RB,5@$<1DLM8/\"3Y!ADXL7.3("*S"@`Q``7=``#]``!T`%
M(^`!0Q`%>``&5=L"B:DURD$"-\),`W$HI3)5YG`>5U$!+)`$/V%#3=LG.B`"
M6.`1;>NVJT@W$/#`;K`"QX,`!``I6V`"W`FS)NIW`H;!7PP-RHID4^6X>$$`
M)4!5WN!'=\$!$!#'Y98!I`>4&=``^SL$$V`#L4JP2F`'6:$6_:`$%]``+4++
MM`0TXJ`#)T4_00!55I*[!OP_FY4!4"$3HN$:S1&8=?DQ9:`\%LS*@?6M-N8'
M+X">U#P>,O!E<<'(1,L!+7"OY88`$X`#&;!<6Z`#'H`'/K<%1$``#5"K=J$5
MZ+"C^)+_NMN+9`&``BJ``ZLR`"N0`[/B,$_L@U&L(%-<!A!2:S&1`39``"OP
M`3GP9650!@K@0.W,RH+E!S\66#H@!#+0-0Y@O0$0,G*AKON,`/[\RV;@!`2-
M(V`0;=$&!@;0!27)-:"SL-YP1B:,#\AU`$5``$&@`CLP!R)0!'NP!!\=4]^\
M.RW`$@B@$ZZ(`%VP`,FB!P>@`DG0?@>@`-[JSJLD#2(@!!IE#A-6/3H:`H\4
M`0B507^P90/*7`;@!#8@EPCPN0,[`1C`S`VV%2'@9BV"U5F]0>=P-2Y`!3D`
M!TF`!0DP%P0L4R+=*R\Q`PE0`@<``0JP`D6`/$<L`NY7!")`_],6R=>O[`<X
M\`/IDEL(T3.=>BCI`F'S^@>BU-C,%0`T@`$B2@`#T`!#,``%8`."_)Y;L:,$
MH+U`HLN)DYB"1@5[8-=4P%!G[<VJ",X71A40,!0^E2P)=``+$)B^#=S!705[
M4`)!8`(Y8`!`NL]'`R/Y4LU_``!'"]T,$``_("D$$%(#S=W,B@\%``#GH2+8
M8<+<D<L'H`1]H`0EX*D-8Q^L#<X)LGU6)D^@5+)[H+-[;7%@S&,Y4!)PL`%)
M`%5R40%4XN.BHEL5\`$K@`%KS`$ND+!^Q"@GX>#,10`6\:4KG15:.P^&#337
M\=FBXP]G5)@P8`(CP`$G7L!ONVHO(?\"])4`>Z!6M]TW=L`#_;H`8M#%?'VQ
M,1`3)J`">I``/[T/\LHH/:RN?<`"6\`"B5DJ:#'86ET!">3DS%4&&H`'DI[=
M70!5JYM&(J"Z6FZ]F9``&"#FD@2R9MX"*[`';W4OXN#B!90!TE/J[/S;_`T-
M9C`],E`$-8,!QY062C,05Z,5#F`$1>`&+7)"5#(0KMOHCLX`98`!,\<`6?``
M7=`"H&,7+G`!+K#I1(L.#C`"QS'F;@O%+2`@AR,"KPA%)<`F4'0`)L`#13[C
MK`S&7X`"!C#:N7WM9MPU`P$J5Q.8V'-&<$00_/!6R4Z?"AUT1(`$5COM\P`"
M&2#LV%X]6#'_*Q?P`9'D,**NUA"0``M@`T7`64O$-Z1<L@?0!%UF!Z_.W]\Y
M,%6P&+.5T2;@!0B!$%*##[,%`AON1BV@NOJ,#SS3X(Y>`/0G9UG@`1D@[3=Z
MHQB@$0]/'D>#*(7B[2G^=BV`Y@30\3NU1'A#(7-T&ADPYS7MSC6^`S]@?6&`
M`4U0`B$0`N?`,\CML.IP5>3++I/3L/0`!(CI\PZN24-`!@R`!QY0`+4Z[334
M!66P]-7S3"Z`PK6SVA<?Q1!`GRW095>\1'M`^%U`%6W6+"R#\C4>6`]`Q5Y@
M`#\AV^W"NKP./EMQ-29@NZ52S_R`]PZ^!T\SQUW`W;5E#DA""VUL__@;1"LN
MX``G0T11K];VM:O5NE_9=Q/<>7UQN?DHCY</H`(L$`$`$`/FJ@)A+I^E<S6_
ME)@?<``!X!9M+SH1<-1.O@5[8`/J'^T18!`]4P%N$'I%N_N).0]7L3-7<1"[
M3RZ##@@`(1&$(S`P(XF*-XPSCC,M6"V3-E23")@(+79V/$$)"PF86V\6%@M^
MJ:JKK*LT-!(;164$)C$B)4I/3R1]'!452R`<?7_&?17$`!<N3R#&T-`1"@S5
MUM?8UUL*4D8S(Q'%Q\]_%0U;T<85Z<9+'"#`PW_#S^_L?WWY%207,A$P,OPA
M4I1(RJ-'+2!,@I!`@<),F%I@*)'C@XD,"/\:IC&%JI7'5C3\_-!1XD2("WY$
M-'G"@00\8,E(]#J6CT.(#`0B<+A7@06U;$"S*0#A0ERT?.I(;'%QCQV\E\"(
MV6N*+U\$$@"Z_`OHCV#!@XXFB46P!\)#`IBHE/C`EL"6+2H.^.#XL6ZJ'3O\
M[$""@HJ#`S^*H'`!\X_,7QPX.%AWS$&8!`62\6P8M+(U!4R-0D-JC%^(8IK9
M_:K0!P@R?,",[627KT^X!!>\.#@4T&LBL)`20F"18<$DM`@*L#B00`K;#V7*
M;$DP]Y3=NA+\2("E904+$P/,H-ARH8P;$C`)5WC"N)?B!!A8\J3RTW)0!22`
M,*;:YX(;?%2-A8G_Z4:)BP!*/%,8:U;UX<(%(<A`FPRVW8#%@Q!*8M8%2;#0
M@B87)L&#"@9\T&%;'Q#07$?/@43##K"H(,(*(KR`0Q$)$(!!!C1BT,()+O22
M3&+$+$%%9*$95@$`6[A7&6:_-"7.D/?A1Q5B!(B0PP$F-)%!+_"P0YI5X12`
M("&UV:;$F%@\@L4'!>P!@`EF78C``CR4<=P'1APG(ETE>A027BK44H(6,9@@
MDVDP)$#%FAD`D$`+(_`(@H_ID7/4D.T9B8T"2OP2&C+(_)+``>*$FHXO((2P
M1Q!5Y"!"%4TD0((!"!R%S)815!"!%S36-E`B-XR@!`$98.`-)%V(<($"_Q@H
MH,D'"-A`D0$?UMG6G<[EJ2>*3<A0@1$BZ$`%!^2)9M$!)9@``!4)&.&&`@:$
MP>.[)&10I*79;$&`%[O`5`RX%0SC0@-[--%`'^1%)1,PS32P@A`QA*2%2```
M$$0)[^:[1#-/%!5!",O844`7-B20P`PGC%#`"@4H0$`+-AQ@;PM=E##CA07P
M4`"TT,Y)P,XC6JMG=#JPP($7!11A`CQ!<O"O&P`T@($*.9B@P!XEG)N`$B0T
MT(!+%\Q+KS8%>+&$:3*1X((7(;B!WC(F7&!`""00D$`(X"ZQQ!^>YC``$G@A
MX4=(#U0!``%]@."+8B2$X(`#BCE`2`)0ZQ!E$?\'V)'!"BU((;4"*RK1`@$7
MV+B''2VLH(,2.'\88HC4DNBS*K#X$300!BQ@0@)>))D.3`ED$,$%5W$01@3&
MR3UC!ETKL(`/"RR@P!8'7"#]]-17KX`)5"2O@`+19V#"<BS,X(8+O2^#@9<J
M>_'""P5\&@->#YPH@01[^?'`!0W83<(?Y+EF8!^.0\0)!CB0`B@J<T0J@#>(
MDQ`1((`A!R#`"@(@A=3-B74]>YTJHB,!)#2A`'U@&C)<,I]H@,N`%2C"/L"S
MCID`X1@;"P"`@G,\Y%5O"WN@7J+.1P`WA&`0M7+`2<"S!!(\X6Z]>*$+E(`H
M#&``!0VCCA90A)=7[.#_!8+H%TPB4!1;]>&'A#@!(GHU`H.<P`XKF`$$U.@E
M-6:@`)\[P$3<D#K5V2F#&IP?BI"0@ROM!"HE[`P'.H"!!(!@!8X)!C"2ICN\
MO>M=PP"6V-SE+AZEYAA_.-#^]D$:PQ2C`H[Q0@-`8``3?`$O?M@`15ZAERKX
M00-?*((*%D,"XA%`!2J(6$X6=X(P*0(+2KC`R-0X@P\HP`@M$.8DTF0"`]`1
M9SH+$1Y?!XL]!N$"X`'#,,+@+J<X(%X$X,<+]D<"+W1S=P0#1L%@`A,@@.$/
MP"*!-D%`S]0DQH0<.("V7,`4U6BJGF&X009BX(03:4`$1<`!7G;P@PVHJ`A,
M_]!#N510A"*4``5!>,``;@>.!/52!C<XP0RD4(`D&$0),S`"!"Z0@0\D2BQ4
M"D`=+\@S/&EP3S1`PAZH`!Z6Y*,H[%C"-S-@!`Y$P`3\VLG=V$&")6BQ4X_D
MP!+"P!NQ0>.25QW//IJ``=*$"Y2,^<42&F!*OM$@!@=X01)$(`(<Q```!7#)
M$OI0-`](H`1[,`%;'_``'&Q@@B6#0<F4,((9@,($:E2"-Q12@@*@$0((N,`!
MNE7!G-&T=1I4Q4)W$(10%.9P.XE*8L::`1F`(`(E@`%IIAK(_.SN%RYUB6NA
MT8&CAJ,IZW@"`%Z0@!BP"@`&Z,,,7,`"`#0AG"2@@O^\3/>`'7P!#@'80"QC
MT%<5E``+8^R5`2:K@A48P!'#@H"7"%`"Z&$@LB(P`.0LR[J:5BNS=^%L`K;P
M`1((3U/[(@8R+I8!QCT&`%X`PA*L.EN>P/9*DLI/'SH`!**6XQXRD9B*3%`$
M*G@A&%/MI@.,@($<S$$%06A"&;3P`[XAX44H4,$7HG8#!L'@!I!+P@L:(((/
M@#<WI3L`RC+1.X0NX`4TE:9-7S>_D.```''CZ3VSY*0_>`$$Q5U-'VZ720(7
M^+45B&V"7=O@!%"%!"-(PNW4EKV(`4`%PE+:B@*`!`FT2`J'RH']^'J+ZRGJ
M!#=`1*)RX(88E.$"-D:(2@__D(%+R,L$"%"`$(KP`@-(:W68S2S]4I&#!/0!
M="Y@5&+JZ0#R@,`!2SC?/%RP!!8T%@@N6,V5HY&,+&>@<%?>B:A5;<(3B`!C
M_/M/""Z$@3T$H`DOT`+?8K`%)3C5"ULH\0,\\`-!_%"P,C!"$=PP@0D,P`TB
M8`$6'!06+$`@40@PP1Z@IV@A"&$!.;#CSB*=V5?0P`0W"(,7/D7A%:Q@&2LH
MP@H.0`4L2`$#5*`D+UZPA8NM6DL'_L-29TL,!&2`UND(00F`H!YSCL<9(*""
MOG$@@2K$L@!AL*\7/I"#Z7A``RIPP0`'R((M#&`(%+TW!!STH+`H!`-)D)DF
M5F`"_QV8H`R-OF!;INDSONW@R(5[AR](H(0^),``M:I`H51@@G(U-5SG<X%\
M#L[J7QC@2@M7L#&.>@.J6,>11`$@,!8G@Q6@0`1(^`%;/_".)3RA`4WX`5^U
M@`$9S`8&$5!!`-P`HQ.@SB!@,0(R$7"`-C'3F1:TDWM=1\U8)*`#]]R1PCO9
M3[SA[0($*")I3,`"IC"F<(:KRCKNZ11@2`'!K5DD*!GWQ0ZQ0$9%Z&J0PDR"
M_<PC7#)YB@J2D`,D:```BHR'#B*6`V8#(`"."\@%`+`"#-R&$5+(OF'AV`)(
MF,`.C$>!$*[V3`^9?UI$]UE(.$0:B#?ETQPX%TLJ$(*T&O\!-8FQIVA?V)2[
M!?/V(B,R!5``&```-&)#!Q`]!7`[3W`/'*`"0B,@LE(XI\)F;[4/Y;`.)0"!
M.?`"#]`$4$<($<`"31`$23`")R`%C'`#+9`]V]!XR!0S*Z`"/*`'`0`#S\1>
MD)9^UB(!/[`4G%1@X!$`P&-$0%!_4^,`!.,+N5,XI#%[BR$:+#$"<H0!7=`^
MHD``1@`WF0$33P`#!R`T]^`%*M`"SL`_HX(,!/`"`;`#&[4:J;$%&1`"+K`"
M.&`"2D`;G^(&&P``;H!]"2!N&,`"8W(!"R`"!J@'*+`'*\"&D`=-DL=NU.0'
M7X`!2B-5!28VM_--<]4`.5("=!/_!O,@/+N@&M"P"ZBX"[]``C"0`2``!D"P
M/W\`!*&U#L5`3V"@30%P`/RD)3I0`$FR9:CA`FQX="9P#/9D(.23!`E0`0S2
M!"(0`\2&@EAP`?>&`&/2`D9@$,M14CQ`?#=81SJ(04.F?AX$`^_02/E!`@7@
M1V%@.*F1`#FP#TL`!D6D-:S&?\8`!/P8!BQQ$U[04ZFX(^_2:H:1`4IP#T\0
M`FV#`72S&=#P0F40`#Z(31EH#"P!:@<"`RZ0`1T(2R6@7-)3`$IP`XBG1A!@
M!'LP"8*1`#($`S)46>,X>?#E!\3&29(Q6PZP`G"3&A?W!S"P!??W!`[@!65V
M@$@9,4[D_T14X$0`<``SL3MV(PSTU`?VE1B#V%K#T`!,E`$P@$E@.9$=!QGZ
M6`Z.XP`)L`<[8P(X<'+F(@(8,%)2,`*,4"8IJ7C*`@$`(`(!T``R%).1)WD\
MF"<J,#`])8NNU0=;P`+Q,!IX(Q/9E@`L4`1[(#1:HS5:D)ENX`;)D1RWEQR"
MTGF;L4B',P_K4`%44`9!`@(A]P1.IP`R,"JFH0-:$!T[P(M'X9H<`!=Z-0`>
MH`7E`A!TR2LS<`,W]B#L80D8H`,R%`(R-%.1.)AV00/'1T\*1Y4OD1\JT(QA
MQ2/XP!U.=#)&H"_0@!B0Y`L1D`'-8$FM02"S9RA98B#6N1_D$?\""8!D`-0`
M_`($$RD=2""91`$,%Q,.>^!S`_`#9B`"H"-8>$:7QFF<*667$%`&F),!S/F7
M,A68[26=T/$"W])[%;`?4<43*_!)W3F+1#&+RM!T!58/?9`!`_,NJL%-H[%(
M+D%*%P!:C+-A>RD"YD(%*V!$7B6@,*`"54`_6@",X)$[+1$`>U`&&H`#6G``
MA)4!+.`5C#`FQKE&*5E]+6"A&"J.E\6A'T$#AM)^AN%(,LH:4(D4FL$9B=$'
M`("."L9.^)`!6F!?[+2G,*$8+20#>_`QQV,"YE(`!"`%$4`46V``ZO0'#>`%
M:K,",=!Q05,,N]`!+4AA.J`#:(:"(]#_E+O"*RCE"%A@!%U`-2IE`N/SEV*J
M,Y+H,PG0!*?Y#"]!3U7)#A$@`E719*;H2')*IZR!'_I`#"``HX_4&N_R22S!
M$F60!!'S=(#G5*BA3K!A2$I@0(@R02AB`ODC(WIU$0A@!`-H!"Y0",.172:)
M>$K@<!=0`CQ@.Q=0!)[(JM"I,V3Z$2^`,OJ)-YWDA-*:#B-@`JD!'IJ1?Z$%
M`#+@?O[DG:AQ)4I8%8E:."8*#%D##&ZP![Z@IJ-AE5=)`OF:!`=P7(W2`1SC
M`3BP`%UCH6Z0HQ%@CQ'0:3`P""=``#RP;5(``W,Y`ASV%E3``BO``RP2!$7`
M3_2JH4-7CM:R_P$?Y#+$80!E8U]1F`XLH`(#BU6^NA-R&@%-D1@1H+-&``[(
M\'PL5%@7\@T1H`2;608Y\)P&$)11%P_#8+`M,1Z_TU5V9Y45D`/VQ@)/1@P5
MH`")X7>D1@@A0$!)4`"),"9IH@<\\`(CI18BL`749P9F4[20""*O:BU:0`6&
M00)NT([1<RXLR@X%H`/`5S!&00S'\&JMA0^)H`'6Y@((,`)39B[+0`4!\`4!
M0"33!P!6Z"5;,",KH`=P8U_ET`&G-RLDH(2FX@6%TX`+:0+"P`%@4`&D%H;Y
ML)"-$P$,<@('H`!N0`4ZM@`Y5P0H:Z@ED`0H8P('X)>6JX,$(&3O]?\<]--!
M52`CQBL/(*`$AD(E.[0RJO5\E\02.F(81(FU)B":T8`('C`!0S`$'C`$=I">
MA70S#IR+#]``"1`.A6%?\F8NBR%5FC>MJ^=T&;`C\)`Q")D,)NH&)TPPCK,5
M`>&]5&(#\9H!GP)7&9`$R%,$.?`6\AJF]8I^2.L1T?$WT7%<>EH/MAA_+V`$
MP>$]YA*2X(<U+M`!Y4`>344.2Y`!#S8J,S`$`X`';4`&>/``=C`#`%!Z+>`!
M8%#&9!`%'F`#1B`.?^1(YR`%>,,I/-$'5)!>[G!5+G`^\T$:#?!JY2J"+XL(
M2A"&!C`"!*``+(`!B#4#6+`"%V`":T6H*S#_KVQKM#19(AV4"O23<GY:#[4X
MAP6#O+82OFO"5BSEN^W3MO]B-@"@&%K2`A.`!U/0RT0P`9A02)?F`5G@RU,P
M`'!D%/U2#W$C**28(XA)L6#8`-SD`/)@E?>)%%C+`7A8K@#T!#(@1MQ26KVD
M!%(0R01P`TIPR3P@!'I0!B9PB`'P'Y]\N40\O]"A%ZF@*+-B3TI%`@>@:GX[
M#[72$@03`"^@H-GC,F\Q6<:;#A&```-`!D10T40P``E@!S\2T1XP!0)@T1-@
M`PB0NAF8&``=(."RS34:!F05`-9+3]M<?[."C.<2`:X)0`HB`R:@`C/,(%)P
M`51`<VMD!`F@`PK0_P0SZ,D9:K3R2WEEJA=[(0)>`)&F2']0696S(E3]DB..
MY,(&6381``!,%@U+@``-,`0"D-93,,<(T`1:@0`:``9$D-91,`"%1M*=I!@T
MTD5QNL?X$`8,*1O[D;%+UZ:=%`SMN#B.XP*S00"'.P(RD+/;T`(.,BR2,`-Y
M127N6\_PV]1YLB<=](OXI`\](;!0H0[6J1CY5US+RC^[<`+(UUI+(`5V\')W
M0`<3D``V,`,%8`,@@`5V\,!H\,`VT`7`6A,FI`1'4T0]!0,L<"@742X@P!+G
M%!7`A8;@`0(!^T.DX0**D\F]HB`G8`0'\(<'819F`:0'D`.;O=3V?+3X_/\1
MT?$*$O```##:/54`*J";J_%(A<$!!(!\4E65)-`"*F!?H%&>$0`S!!``']`%
MA18!!,B*!-`%"8`FQ3T#&3L/I6D,+@`")B`)!B3%LDP`,+`"5-`'=B,\\#A7
MAG(:!/L$F&P"VM@"!]`%0"U&W3M?Z4JJBJ>-";!6":#4K2J81=P*;69%?J`"
M,&`XW#0>IT$%5)"3B5D`*;Y)+40`!Z`"5-`%5^A8(I,1$'X!#)`!-C"`&1"R
MN62--@!^4I`TGF>6`"`$U3?/1H$,(."[*?U"K/<']3=:3B5$$00`)5#H)X,"
M1A#.$2!&OJL$(O4(VY@0;K$")=``SLG9=@3?3NW_$4FN%TB@`H6C$Z%U&AA`
M``<'<*$B#HF3-B]0!E2G`R)3:;">`Y4F,LFQ/DKP0PG0!2/`IWR:#\,``Y*,
M-//1&B?A!@W@`/X$#4%Y7PF35XKSLD1I`,4F`S=H>*'CZ`]BG`]B!Q>P!SA<
M!#+D`C`)+3DH=)G+Z4>\`U6@`CMQ6V@W))]Q9<5:`*R1?+5"@*2ACR_T0B:Z
M.#`A([`V*BW4`%I0!O+R%HSX&2.,D08@/3+A2.6Y!0$P5^403`#D/QY5`&FU
MZ`:`R<591C/P*V^!PU@@Y4D@!&Q8[D.LZ7G"-ZJ`!-_BF([$V$CVQ;.%P_>>
M@<!@Y;X^L&Y:#LAP'3#P_P&&TI1F9H`'6$B;&;-/B@\,B^<N<"X%D&H"3?')
MX`!3R@)$"4!*L\@E)3W\9@"]PF'3HT"*!P'N6@*,RX:#ASKO[=EY<L31T;.C
M@<I@)BB\FA\X7);04#:%\R.`M,R`9*LM\0=*P,-)204]]+1)TH`@0`(B8.]J
M:@R1;W?;M05QI5]_,`T-0)094`12K82)O`2+'M;!D@%M>ZT78"Q4L,YVF1#>
MKK="8`)_"??C*/?/<2)Y@:2"H.R.5`%>4`N;)(0X<:+EB>`_@N!:`DK)2C"H
M14(5T`&L#`SA\!*IQ@N@)KFR&`_N`$`@X`5PA>#%0`5E6`:X$`)+``-]P/Y^
MQ_^]:"D"(26N57<!$'`",X>26&`AD@`(5"5;(D4A`0%*!HL&'XZ/!#X6%@M^
MEI>8ES0[.S02$E5-`0X<?W\<%5XN`'9]KG]]IK*S?R09+!6T?Q6\%1%`&`6]
M',2EM,6\3T\EO+K%SQ4<)*<5!AG3?1792PXD'$\5%P8D'=I_&'I))@E+2T\.
M,B#<%4L12@I4`"5"*A`G2DJDS!!H9,8,"!"PM!!1(@>*`#`,)&+4Z)&C2),J
M9=K(T4^`)AA>-`,1AD.``R&R]0%23-<?$`!&F'/YL@*5`B]ITN301X$WG4#[
MF'C"$\2I6:Y:7#B@!!6)`B;Z@*@`SE<$5WU<N,F0I`3_@`)2%'PX,>*&68-8
ML!A$V`*"G05%7B`*0'&1Q8N2*'7<>PF'B!4H9O`RQH$`RFP._KB@N4JE3EXJ
M[.0$>@R$`A?&*+L$$*&#U*.F7O4)P6*%$@=2+A1XLF17KP@$J&3(8((*`1DR
MC&0X`&/$""4&I0@TV+:%$0@)#N1P,;=N18L8]?+M2,-/#"$Y8D5ST2=,F'PD
ME)%PD4O7JEVQ:/*Z.5FS*9XK0F1V#\L4`/D50("8[XH7B`08)`#`"N2=PD$(
M^9B0`0`$*-''$R=$D,`*`!@@A6]*C&#0A@>UT,(,!1P`@!;,(>+<71]$I]%T
M'<60Q`5+&+-?222H1@\U+JT"_\1,+NWXE6?TO?>'"4T%20L`;J`B)%+^G8`"
M"DT4\$T+`(BP11<MA#!>'QS`T]L!!9S0&UDC7`A<6@6Q=<`+),Y%5UTHJL@B
M1YS\<(`71)&P'V$A7$!`*=VY!`,`Z.U400<`(%!>D#P!8,1\1A9`Q8ZY9/9*
M!0YX,5H&$$3P@CH&@(,,I@Y$<,(-120@IA0$F+!"$K9E,`@"PB4$4@-:-%#B
MFQ3%F=>*<V;RP`%NY$=,&#F5],$%(="3'BU2$,HC+=D@JNBB[O'4Q)]&S@+#
M"@]J@ZTI).C:QPH+K'!!A>!X@4H?5[GB0@0(I"J#$KL!D,`-2AQ@0@%*&'9`
M`HZ4X/\&KKHV!^==<@:;274#B"#3'Z1(I=T?"5P0@3G$Y,>+$=+F\JPL/'&0
M:,G/$./28!7D\&=ZF:E<BC9]D!""&RP`F,0W-+L"@Q$"SN9G$@7`0)XW5&GC
M0%8..%#!"%L80$"^OOFVX0T#&5'`!5M<4$:N#21LXL+0_>KPPWY((((4R.J2
MBPM44*$2*KU4T((*KIV"%59`<*EO377WLC<L7**2`P*G3#-J'S"P0$`"^<PV
MVU<K\`1TT),70(`!M94`PQ,D5!"Z/-*PUD"I!#2Q`&U>G4"6#!IBC?5P!92@
M!=BZ[GHBPV:??8D$?CR@0C:0RJ+-!0GL`H(+>Y*```;Z&37_<CF\.)!HTH$O
MVH$L>5:00`$AA/!!`DV`!(`)%Z1_0094&*!EZ+F8@'[ZMX1-@DH-=)T$#.:0
MX/\2Y4`-5.C'@E)AX``9*,L-[H6U#4%@!AEXP1=P)S9>,<)7&?'=[RPA`B5,
M11?9T`8)#D``IX'@)RXH0Q)6<``1F```,`2`"G*0@P00@`6UB=/CR*>"&)ZO
M"$5800GVL`4$=@$!!&C!"-['):=5Q7A42$`#[J<,7@"A/J(K`P"HXC3OA"$$
M4%G!%@JP!QC4`P9BDH$;SE<6#2D!:TI0"P)$H`$-A.V.NB,;)'JGP1WX@083
MR``'(N"V]Y!`"KQ1F3R>\#S&A:!J_V4R`@+L4`!)K<`$&,!`W#99R00@P`C"
M&0$,I)!)&'BC#P&(@`RP0``]M:,=V3`0-:@"05Z,AS#)`(<(6.`_&0RJ!!1*
MP`@BL+0F)$`&89!!!,9T`D&$R8T"44L!Z&C'.U9P=V7+H`8MT8D=Y(`%1J%%
M,\)3`18<(`#OXD`8(`<.I+7DG?J2!G]B9HSOK&!!YXNA"IA"O6@@PQC^L]D*
M0/`$',G"%?[;P_IHHR\3R,`%K"$5#"X``U/!0P9B@H$2T!<0X<S`"%@0@1NJ
M:<T\]HIWVMSF'W<0`Q,L1IP5P$Q!@>"&+<B'`UO1ES*H,;C^5.!O>WL%X532
M'PPTP1NE4/]2`P#0`FD@=3`@[$`1L%#0]`B5`T"0PAX"\),(V*(%#8B&*\"Q
MA02XX`2X&8&8R((@!=AA.#,P00[J:,W<*>RDV92.!CV1MBIL``.[`(=KC"(R
MT2'@`GH2`0$0RXN+N<U:J"C>R@J``984A20@"$8X]3.,ENQBG0EX(N%(=@L0
M/"B6)U,)=T;#K`BAT9>0O$>#,J``%=21KB6]ZP51JM>ST:`ZGZ`!#B[0`-`U
M@#+YL-X(#AK"E?T4`4JB#P$`D!YSA`$$!:"N-[SC@*H$#@0.B(U@:6)3U\3"
M9,(((6:ZD8$$.``&KX5OU910@#&N(`"WQ6W87&#2W>856"KU0Q7_J'#<4HR7
M%B18`@E@J`(CU.?!SCW9N(#R`4*9HADOR6['EE"IE`&*`R/8XH1AD8`28(;#
M]^-`,'C2LZ5E3)6F\F5OYEL`(6I!`T,8@G[WJUN[\!;`ON.$)0A<"RZZ!'3S
M&E`+Z'.HU-+')-0-331VD0`3<*`U6?F,-Y`*"VDPEB89R,%4B%(RRG+`M%A9
M6I_<H$SXPJYJ9A*!;7%\VY+VU\?_#3`W+:&%"Q`XQ4=6Q1-"<(83'!0HD,%)
M.#5SH`QPZ<(U80$`>.:_$'HL>OMQ`;,P/(L1:N$/*-9&!Z;[+E?PQ!7)X<`-
MW`Q)X>#+#/G=\37UB)>4ZMD2?D7@_49F_PH'3$4;.:@L$*X(&K=5(!@=6#1E
M&ETXY=%#!B(R@7R:Y@#J=0!0(4!`"$P`3B!U^IRP$-T3^M`!D/%DJ%C9=@%P
MTYL(P%D*KXYU7?G;X^?LT=9G\Z,F:/"".KS@!28H`Z__`+IHB&X+C_H#2S@M
M"R"TACVFS58('-VQ,W>7`PTH0!,4<(`#*$`'!3``Y`#.<0!L01T)N!^U-/D$
M+XA[%]$Z=Q^6AA4.9,``N$DC)'\#@%CK>-[UQF!O;VV&'#0!!U]0P37$2HR"
M[X($LL%&+%?6AP"=.UM]R,!QRW,Q/2TO8&XXP`7$*)L"N$!/$6`!!HC[A`A(
M@06RR<!?%/P3BO^%&'2F1BB\)`4[^59M!OPR0:QW3.^QX?7>0]<S$A;O1R34
M9AQ7MF4N*F`8+:%GX*$YAY2$JIFL?WK$""Y7^/Q7#'>4HC;G4U"`6!"`)!A%
M22K9(D';_HZF/:%?:!R!,JMV`QR6X`N#![KA_8MX(*OTMY[XQ`-BL`$3>*$=
MF/I)'VPSC5T$A0,WN3JCL[YUH&1F8Z0@!A#"@_<7CD`[@R%!;0S4C%4PCW!+
MXXX#0G!?W;L;0P(2002#C\<[V[O6B7=KGR`!-'``51``)D!PV5!]?7`!2L!^
M.G%>V8=Y+E$*6F=]C]$+E)(?T1,&"H9]!1!"N,0"%]!8XW038N4*$>#_#BZ0
M`$03/A^0`5RC`*YR`$90`@,@;[DU?'A6?+>&"9R@;SKP`SN`!#I``&%0?;LP
M1XLA6;/0-QP@*='5>7]0(1BH$W13"[.4'V&0"QU@9KRP,<W@)]8W&(5Q`:]@
M$A.B+E3``EO0-0#``A_0:C-`!7-59W86=#_V@_OF"320=)P0`U)B?:&C!$6P
M7.X1#7'#><LV?<DS8HSH3\_@-"X'"T9P`!>6#!40`@KP>C33)3(@`B3@!>>3
M`1C@!O-R`@X`$3``.Z[#+\/1+_B%AWBDAWG&AT#H1SC@!SN``U0P'/`V`P2P
M`A#`7(QX*7]`6>V1>5@Q"Z6075>(%"-C:8MB_W"@9CTIIX6FD#%+4#,.L$3D
M%(<78`(JH#DJ@`%*``/S)P,(0(X98`2_$8L$(`*P1E+[Y7]"9WRXF#:=D`0*
M\(9;L`(KL`<'@`4=TUCF]7K?\`=V@`'ET0RE@#0/214<4`:(!09.V"VFL`7/
MMQ^[D`$J0`#990)%L`4D4!)4H`(+H`4E@`(F@`,F(`+Z$@+)8083$``K4`9*
MP`:QB`$F<&/V6$%NH`C$!X#ZR(?)1P,J4`93-!X.X`(O(`(D5#/WDQ^8$0;=
M%2,D("!F*`]300SI<45GY@4O<``)EI$:F0`9<!7&4&)1Y$$NL`4N``-;LP`E
ML"9(\``/\`,>@`,JT/\0`S`!.#`!7X`^"``0!J$U!W!C>0@#%M2#1KF/&P%<
M?N`!`%!WTD`5!G!``!!6XN(?*K.56Q0+M8=QN<("V<4U`+D%@L1A&JD3)R$3
M,T,/'+`8!B"02:`"<#`!'M"7/U"9'J"7.#"8$R"8Q3D!`Z`%(@!*@/=`*1F4
M`1`"\!4`0UF4*<)'DKD1.Z`#5(`*1/$!#JD-=+DN!)`?I)<W"```0*`$FY22
M"_!"FF1#=J$$27)EKZD3ZM>,39>$"U8'*%`$.8`$P+4##T`##]";!]J;'G"<
MQ3D`$6,',Y`6:O$!BXD[NS)\*'*=^":9?M1-&[!%K,$!37!),C`>+`$5ZT#_
M-]D`#NFY8.L#`)D$`,RR(U5D+`:B;/<Y"Q%@`D"0&,;`)?>#`.TU0YV`!!*@
METB*I`I:G,2)G"K0!1\51Q^5`05P._UW5QFJH0'(H<`C/#QQ=B$7`T%4GC,C
M`QFP!3E0$,(HDHIU`%+0#J7@`@6@`%R5'A+Y'FC9+0X0%=>%"B<@4^ZP'R9@
M!J`@H$?Z`'F9H,/9I`SZ`@"`F!MB!%O`)KDRE\SQ`M7Y`I"II4?Y@\FW`U6P
M`R^0`-\0A1^P`Q(0`RH@`E[@:Y@1A3*D`IL$$DW@+A]F$@KP*#)C"OKQ+J%!
M@4&1'GL:`EA@2@D@`B*``1'0`%[0``<@1";037HI_P$_D*`*VIO&V:`#(`1,
M\4`1V@(&0*=@$P!E4`)Z<$XBL`";VC#9V1$X4`1.0P(;]5N<\`)&D!CW"0+0
MQAE8Q6%.PV%GMF&/9FRS@*^WUTHFL`<JH`--($-?4`5]ACYR]0,,6P5IDZ1Z
M>:T+RJ#(.0!N8`)HD28S8`<_&38JP`,YJ0,&H`))8`!*\`$&((>/@)WMNA$Z
M(`4[(A0/P(]:D`"@EXBZ@@'7<!1T,WF@0W"BLS((1A2KX)(!$`-54`7(AWR$
MJ0$[BWQI<ZA)JK$<ZZ`.JB\?51`%L1!?TP`!D``201<YL`>:Z@@RRZDUNQ'`
MXP=?(`(<]E,/@*I^X!<Q<O^?%1!6$P=Y)),3I(>0FA$>9Y:2,8`)<\M7U5$=
M:7,)!(JQUHJM7>N@RFD""/!1'@(!,&H&0KD(9;`(CG.+<:N=3%!5`(`#>HL$
M#9:G^`D&IY!=)]E87N`XV84!T@!J$6@\8.`T!>`&VJEO?/$`6JNDU\JQ'>N@
M&I`#"(<0#U1E%61X1F``1N!"/GBZ<AL$-Q`&7O`!02"Y7Q"".>H.)#`"*/$-
M"I8Q`6(`,AH"$1>!*T$5K@``4#NUDEN$BX<$&Y&H&*NQ&WN<7IN#&B`"5-`6
M$-`"[1@V;B(1!O`"FV,`18`".5`"9<"NVJL),7`!O!0.+\"_P'.(?BLS!+`%
M`6#)2R9<+MJ0,45"$['`$E@@*>?DA[]U-LKWOUS+H`-,9P;,`C.@P";`P'-1
M.V59(>-C`A]0!`N0`'F1!N7SQ%`<Q5(\Q50<Q530!":P``J0/@N`K.4C`ENL
M/F(\QF1,Q@Q0`@O0-5NP`.G#`!?@QGO`QF4\QEN@!ST@!BM0/E=<Q7P,Q2KP
MQX#<0S[D0[0A/URS`&G\A@L@=AW7<0K``VE\`*L9D&FP`&\P"2F0R9J\R9S<
:R9[\R:`<RJ(\RJ1<RJ9\RJB<RJB<!H$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>51
<FILENAME>o68633o6856315.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856315.gif
M1TE&.#EAO@"\`.8``*BGE<W(LMS9Q,.]I:M22<K$K;FTFYB7A\:\F[RXHOW]
M_(Z*>-',M'1U;^?DU-3+I>GEUD)`0=7+JLK`G-+)J82%@N'=R-?4O.3AS*F:
M>"4C(:>CCJ"=B<?`JM/-JK*ME=7-JIB;D<W*K=/-KL_&IM7+KG:"BY^AE-+'
MI;_"M*>JGV=S@='*K[B[K\3"I-_@T,K"H=+'J^GJY=K<T<_*I<[#HHZ2BK.I
MC^KFVEQH=,?*OIJCITI7:<[%HM7-K8V5E:ZRIN3EV)";I.KHTV5@57V`>+G"
MQ\K"ICA'7Q\M3]'4Q?;T[.;HTJ^ZP=C)J\K&I]'/N=C+IKRQD-&[I:^PFK"V
ML9&0@<K%H;EZ:L["IM"YE^#DY,*6A.CIV-S.NM#7V-//I^7HV\>AB=G&K,:H
ME8*-DL[0K?3W]:*MMK^^KL&VE5Q83?'OYU!+0]2NE]#.P."PH[*PH,7'K^OP
M[]?$H<?*I>3L[\:PH,3-SY@D(5MA9?+SW>_MWM/+J^GGU]3,K"'Y!```````
M+`````"^`+P```?_@%45@X2%AH>(B8J+C(V.CY"1DI.251$:F)F:FYR=GI^@
MH:*CI*6FIZBG$1%K!@8)L+$)`[2UMK8NN2Y`*F]O2E"^ODJ_2L;'R,G'928-
M%57&%V\[.=5Z.2H=N2TA(5551BLJ/RLY10!696FW`PDJ.2$5+3HZ`0'T<@4%
M<BD=*2EI`@I,(TM6G(,'J<2A0N7#AQ-%S!GXT-"AQ8L8;VB\`>!&#CT5K(A<
M0++D@E41B*A!P+*E2P038DZ`0;,FS1HU:!8)<*&GSY\^!5P0()2H4:(]!6SH
MT>.(%25%!2@Y4>$`AP%4`9S84<'&!245QFT(`03&@AT`VA7I@!5DBP0,_Z!`
M84`W``L&]@*(V*NO[Y$C';39FB7+E>$X!N*L:&!`C6,ID"-+GCQ98X,#!S*(
M'%D2)9&7+&7&A#'3INDK-*\DP/SUJ.O7L(FFV)"%J8H5(1(091#B28H3)UJT
M^)!`29H1/1.<`'*AQ3DK*2KH:5:FB)46<KT$B_$[A`JZ+,+CM5<@0-\"@0.S
M:Q?KE9H[KFP4<>S8,'W*^&](N=&@01',FFEF!4EMK/*92Z*99A-J5S3HX!4D
MU.#"!D#$9B%L.H0PP!-,F:4"!V\0U8$**J0QU(5)O0$``!<$T$$"4*0!Q5<]
M!1!'"`ML0-Q8<LQ55U[DF:=/>NFM5Y`:<52P`?]]CZF!WY.1:61%`U9D)E(&
M!!KXDF@RV93333CAQ%0-=/1@P`D76I`F40L,P-033T1(0@(`7'C44"?^!%52
M/J6AP@EOG`#`!HS1](%W<M"EZ%Z,BB#DD$2RQ<XL+3@&0`4)2,'DIH]!.5D&
MEV6VP$@%IM02EZ7!$*:883+E:A8U]%##$39`192:`N!JP:Z\\IJK!3.<L`$)
M3Z!``K$H]$`"B+G>:J<`,;J&9T\?(F!#/#4@T!^=S80$@%R*XN7H7H]"&JFD
MM\!B11&,<>JNIY#=4,0"`5J!9:F?C68:3C!<$2:$<1XK,`D]!/R$%3_\VNO"
M#._Z0@I%]$##L2@82P/_#04`D$;#1,TPPU$I4+-""W@:-=0;'#P1APH\J/#7
M`"&=8,41,+AP@#QI8`9778KF=1YZY^)"2PLB)>#NT5#>\`&5&1Q@KQ7XZEL3
MOZJN6L/`6!-\[`<<)+!!PV#W&IT(%)!@K,`)V&#"?RTP+$`()QR00JX)-"#?
MF;$!044-'^R`1`4P]#`!!S_\T,`5$]1PA0T-P.-"!3NDT`(0!8SG\\_FJH?N
M`"TTOB23-GR^J:>6V>LTU`8J:/75`[.>];$TJ,$!"304\4+8#&.`P0L'G&!L
M#"*@$$,"\1SPP1,9I@#LKF_\4$1"']\V`!T&A!!;!4_4H)6P5V1/10.Y^:LX
M_T4+W(!`$=(5P4%7*LC!0@"6E]M7I`-T@,``:4!400-+?L!#!>^"%[LRHQE\
M>6EU.'F=`I_0-130H`)*Z)7N=H4!7NGN@B]0@A5<4#$:/`$`!PA!'(I%`BM4
MX`1Q$`"@JL`!])W@`FK2@0EL\$`K5.@U13A"#SZ@@A!\H`9/R$+=TE"UFOBK
M9BY(@!4^8(45.$T%X+*'H\ASGG,%)B#LL4$%%D"5!1S-24_ZP`(&F!D#@LEJ
M"AP8!=98-AJ<X`,QH$`,WK*P%]CQCK>;H`5V]X804``%=```$,"2!D#*H0(`
MH,$'C&""'U0A`21HP`]VI0(@`,$&CUL!$#[FF@,4@/]@%0@!;;(`*S70C%\-
MFL*L:#::&YR`"C;HX<[`$R3,`:T#@%%/+;H1$J-]$8Q2^(!^I)`!'N@A,P<P
MXZK2J$82L'&--$@`!^(HQXQE<'('F.`%]VB!%U1PCS.P0@Q<,"(+;#`&9BL;
M"FK0@!6<XP=2H,,'@'`[&ZQO`S%XPLTX>929%>P`17!!#QKTA"O(Z@A7^$M.
M4$.SFLSD`'9;0`+>$*X?F4=^MV2+-E)`BP-H<0,(^**FI,"!:Q#A``O(P1HX
MT#0#+I.9SGSF,PNP`-I=S($J".4*F(&'!50A!#8X@0Y><`(E>%-W`IC7%G4@
M@`8,0`07H\$?GY``#E(!GBC_2$`<*OB;#HA`8EE`TZZ.4H$"%&P`_N%`'<34
M`U+**@L.@D$62--0FI1T!V_P4;C@1\6?=2"C1:*%`1;0@(.X9W1JD$Y_THK,
M#.`+)[51UNO8>*RR4?98!Q@`!6@@O(MMX``Y0,)E@!/4>%0A!3EHP>Z.*H<9
MV%%W[U`!`!`@U8O],09`",$T.T"%"P+A`%2@00]B@*8JZ&!Y;W,3L3H@GSI$
M-E:K:A!-CL"OG'PI#D5(`0!:D((04&$`#+C+^RY712L.QFE*#8GLU&``D73D
M!AN([P98FDP#Q2JRDY6I96-*@0\`H(V=E0,',DF+QNG!G67`S75T=U3=.>"H
M+:A`_T02P%FIFBT&@SU`/@%PNVYJT`4TD,,!WC#&*JC)`D#X`&J>4(#&.1="
M0+P"W*Z"RC/6Q`56X$`(BO"?:P'@!RVP"A7ZBCGSWJ*'SB@"#TRH!P`(4R/R
MG:]C#10PIF3-LOK]XQJE:=LX2G4!'8A!'18P@0!0@`4<N(%P>X""#:3@!3-J
M\.YVMX"*L0"J,C66`6@0`QH`X+C?5((-XF`#2R8`!0?8F%"TV!4KA```,:`#
M'0A6@`E8(996,`!UOY0:U$SWTPV]3`Y2X((0E(?(F:-?NF`QB#0O8#]/AF]\
M68JOMM*.!'%T9F6S_$<4B(`$!X"!`^6XV8G0P`D/8,$#UO_(@C5V$`4`2,$;
MD""$%SC@@AAX<&;)A@(*]"'+?*9`M'?'JQV_N0$<0,$33K"K&>C`!C\XP2??
MI*P.&$`C-M!!%?YC``G1S-.>MJY#87"$"2``!H1J`9!L"=C`#@`!L&!O`EQQ
M$(=L1-;SQ9>QDL5?7N>9`B$PP&;7&`,6@($#':"`!%C`610L^]O4Q'`(&K"#
M.-`C"*_5W0Q8B!D.%."/RV9CN#=@U`9;X`W`LL+%1%#4L0)@A"*00L'B]`26
M_2`'"2-*AJJ@AP0@5+J>MLE,2A,3`.0`+D!"M15UV0[V&,TP$XFU?*><D@(8
M8-<R[;A,16"`_^IW`%8P\YF7[67_&GC`VQXX_&=-4(4W`F`&U\ZV`'20`B"<
M=@-48$&WV?B`.`Z``ZXU.@8$8`5N&^``OU)"'*R@`AN`T&E`_4<%TE`%*PB@
M!0L(B]V^JZJ:T*RNHW$!##H@J/"FW:\-WQPM"N,*BV]$OJ5:PQ:AFDZ/R[0`
M5L@"&V/P@,,?B@9@Z`/WO>WM!TA@C0]X0!^6#8`!]V$`&XA\$#BP@4'5'P@+
M$#S).;N7ZJ4`VQ7T`@M0`,$3`X36*U#Q!E10!KUS`EYA%-T@%3;0`@+P!KEU
M`)M&-0-'$S%A`(AD40OG5_2S.<P7=W(77Z42`38@,=5G?2,G`IG%1N='`1[0
M!RR@1`GP_P`B$$??U@<^^(/>]FV'EWXP^`8.<(0'P`!2I7Y'0`(]V`=[00>;
M]0`T0`<'H%K;)&CH!$@`H`<1Q#`[\`0Q@`(&@#X?<P)S(Q3<(`B#9@,%E5`Y
M,5=F!S<;0!HN4&A[%8(B&#3+5Q"&X7Q0M@8&8C9TT$%Z]W$L($QD\TP^N$90
M.'M1D'XO]X.4V(-!:(,;H`+6%@<)T`?'9@;KYP$/4#'=%CR^MA<TL`%"P&`5
M5%.,0CPS\$W=M"MI,$*PTP!R@"NR<0`'TQ5OD`8<\"!'D`4(D`,5\`:_H203
M$0(^8@_CA6JI1B1]V![-=X*"N`I*MQ<5DV6;5S%]L!HL\&V,2/\!DHAFY'AF
M(E")Z@B$Z6<&!J`"0>``'$`<(A!TT&1X'@`&,4!--+`N/W!!WO$&-G``""`"
ML%0$0(`!4-$KP&$V3P`$['84L-`#"*`"1D&080(K,$`%CW8!<Y%3(2$7<Y%V
M%V5+1N9VL/"'<G>-1``#.PA-W(A^%"`"5S$"C7B)XM@'P,4"$F!^ZK>.E4B.
M/GA^?=<"*E`%+7`"$B"$WA8>XF9F4G4"90!D&!`$OP$`)I8"9=``,<!;9:`$
MW7!<NZ);)$`'=7-<S2(`*<`!/>`"%DD4-E``D/6&$W``/V`B/2&2>A4_T!B-
MRD>-)AB(@[A94A4#XJA?/8AYZ[B4/CC_`B)0!"+``L@&E$!9@_L8CFYY+3.@
M`F?6B$%G`&6@`D]`CD7`>`QV`@8@`MN%`3M0!%X&`"J060<`0P+P`\623Q6@
M/*[A71P@!Q<Y`-"E./Z"``YX6I4D(U#@`WFHA^6E:K4`F(%Y`]>X!NPB!R[(
M;"[``>GHB#YH?D`H`B+Q!"+@!$))F4'I!"67?GW@`7'`"\[T<@S@7\&Q`PN`
M`'W0`0!@`WL4!QQ0`U3(C"&P`L*6+''S!'XR>3;09[0#`R$P%"<F%4``!4:A
M!"E3,%<`*T_04`C``<8X""D`+LM)7LTIC<\)F(!XC1$@!'H0`+;EB-PY`D0X
M@#Y8@S-*B>DW_Y-%D`!1P`*'9YX_*`%.T)V36`!2\`-:>0(A$$)PDUOK`P2%
M8P->P02L602F-CPKL`.N%P!CZ%%T$'N-1`=D0P<Q,``'<%PS<&*Z.'DW8%!9
MD#VRTB#".1-7L`'7DE=Z=7PFZ9PEFI+5*$S7V`8S``4F8`5F$W1`6`+>!@`)
M@),_RICK5P(Z<`#*5J,^"I1GAI!&<&T><SLOD!L&\!$M<&U'=506<`)(4`0V
M<#L[,`%LE"T4D``4"`\[>#%C:`!`L##\)`"\`"L$PQ2D%";]$JP3<"-S`:(D
MB5%KMZ<3UZ?2N0H-<#LYP(N+>(D_:0`<P`#K1YGDIT0#D*V5ZJ/@6?\%UA8$
M\?@"`C`#\F$">G`F1I5M#N8`,J0_*2!;]BAT'$`/*M!RV[A=8X6FP$(4W`!)
MO'HL`P6GJW0$Q=@C<0&"(CJB;(>2<.>GJ]`&/[`#N#%RW)FM-/D$4/B3Z_B3
M_M4'?T"CC/JM0QD%'[0B)!)4J0H6J-D'#V$#*1!YV:8#.<`!$%$&`)`%TRIT
M6(%"U-=M`4!T8:-U2T0"I"0P!2L^D#4!H90H(=JPT3@8T.D0U^B%C,<!0AF$
M)(MYY,B30*F>%%`$UDF%-5BR)NN#X=@'>)$&*1``+?0;RJ:/="&SE`>;+%,&
MU_(#""`\O-8!!U"*(H``:9`8>M0P;V`%RL7_5EEP+%D@6`E`$\2I!]BQEPN'
MK"<YC2IYC0VP.V#I`HM(B2,P`2?0;!00!>;IB`-`!>L)A.N8L>89=.D7!3$0
M!2+0`$*P`0$@BI(8`Q_0&%G``BPF!68A!"=`@X?I;/=(`?[P`2NP``Y#0;RB
M;R&@N)]$L+X**SUP,W:#/@BY`M\2%W<JM?.CIWT8L9S[8$'P2C?9F",P@.?G
MK>89!0;@5":+MC:*;,FF;/M+`QY5`#0P!B^W<IYI?AX0`P'P1GT0?C+59_58
M!X\&4"MP`0UF1P[S1BY@-@W02"DC,$#T!#!@`#\0%@&@!!=@!G)AISW#G`[[
ML&[WA^FK.RH21W&D_WYHU@(_Z;'JZ*C+AIHC0(XDF[;K&([J1XXZ.`@&\``,
M,(D]^0`C^Y-K)(J=28G*&P4%L!QOT`(C,V?=U&%$!0/'L@$+$`(S\%OM!P`N
M8#4#P#5(&@#:`:(KW)=_Q8=4"W?I>X3S)P?BUY/O=P#X6XD2X*A]8`6=V`<2
M$,1"C+8DUP<C$%\%(,2ONWW0E,`6N6]R@$$4]`(;8"R'U`)(9P$A4QT)\"8N
MD#VP<@5."@5_$@QT05&7FZ<D2K7+:@!W[`!!$*D&((5[<0`]\*TE*V!_,`(@
M0*,B2XE_X(/'+++)[,OG%QZ0')0]""?D.`8)$&\R&XL31*H8H`(;$&3*T__%
M8W4``)`8_?%*7.-H(:`#@Q``Q=J,M51D=`RQKE#+MOP"0)``8^!G!O#,/Z@#
M"_`'(G#(/[C,R;S,R&RR#Q`%40"[B>RB%``^-C``'G``5?`!=#K&;P"`$_2+
M,-0P,Z`$1J`'9&QW:6#">J*7<=R7#2?+[4'/1\@$.W`#`Q`"+!>$?UR)?_`'
M'```?\"3Q(S,.1W4RGS00NVC-UVI;*2V+B!(-N!.LZ$7S$L%6B$`K'A!/=$K
M'7:F:BFATO(3>CD7(\#"+3PI?.K2#L`$,U`!9'H#>@R4!DW4?5`!'<#($A#4
M=GW70EW0.0W4!KW,:\O/.?F#5V``5-!>VJ5Y'73_@S8W5!@TE0+@3=VD,&EZ
M)S^A'<%QI\]89"LMR_/LK$?XV7B<`%10`$`%`XV(TZ@MLN_;`77=?7C]VK`]
MT'N]PX`]Q#NXCR.F`AY0B@7P`30)5"H@PR>@`F)Y.[W#SN<Z5I1=V4K``PU0
MN7@Q7@RWV<I*RYX-VF=MRU1@!=-Q!23[!W5]S+-=S$OY!T7``%$@BAY@UWP-
MVW?=WL=,`<<<R(),Q6F[E!(P!MPG`ANPS74P!N$HE;DI!P;P9@IY,Q;LN<`1
M#R?@,:_!W&;`+OMS`HE"DLAG+JL6"T1PW:#-!$R``YTJ6@OP!#3P`$ZPQ%R;
M>(P)WL'<``$]`N7MWC(>_]OB[6UOW=!GUFSCYP%IH%IO\0`!\`!$IP.\H(FD
M"MG&H`,-:98A0`01V3P6>0%%H`,]H01>`*5%X+QZ``3V`#S0&,_3F``;'@$-
M@-V?C7."<@+`^%\28`8_^=8YO90BL`#IR.(S?N?O7=0'K8Y'_8/JZ0$3$@>H
M-Q5'`)GN0+/9AG,7)"SU)\X_5S%\UPT#"3="409OX!->T`)!)>'M1`4(C%')
ME^%BSN$=S@00H%UE4`&^ZW[BO<R!/-^,3'\CX`.O7M1X_MKPO=>S_=9__,/X
M*(H0$0=&F`*NYX8;H`-'*!78YDW!TFS"LXW<YD&T4`!'P`%I4!0^`07$G@`'
MUO\?U'`"`S#=@$76HT[F9AX$$(`!$/`"-N#<AD<"-N#;B3>R'E#KX"T!(S`"
M',`",%[7=:W,MG[K`M_JKSN4%$`%18":&Y`Q5>#A%83L8*D"X%2]UH8!;U`%
M1+$!=[9Y;%0QZ.2X<&(">.(%/>$%B1L3"5`$4C!8@U"F`9`/>R@I?UGN98[=
M3!`$'W[J>O,'V<D1F28"-IEXZQWG=4T!X$[K_S[PQCSP>;W,C(I^'>"DW3Y)
M59GH08`!D(>$50"/."];:;#-]#>*SW139D,#5_`!12#2T](30)`#!D`3!V``
M'3`35F`.NMO"#N=V8U[S1P@!?<\$#G#J"/\?;GL"!KG_`"[``#89U/5^R'^P
M&E%P[\4,\`#/]$QOWYA/`5<@`NT9CSA@YK:,`<#Q?S@/!*OY,+[S<;!#`J<'
M`%=PKVL?-\$&`V+$/P;749@KC21(\X'O]T<X!!`0_!`@:,X["U1J>$\P7PE@
M!HU/WX;L`2<``A(0!?E>T+*MYR([S'5=`M-?@^&M]+L.R`G-`O@9CZ#_V384
MC[H#EEBH(K3*?1.3:Q/CP6K0`):7!@R@!'%O$P@`"`8++A,#17II3P4%<@4=
M1W(=<0D)`Y:7"6I$$1$-#I\0H4.AH4$V=2M6)U8A%!)_#`,<&T>O$K=]3A0A
M'DZ^?7_`P<)_Q<6WP1Y_MR6W_R/$QM'2T])]?0\4U@8J&W)!G^#AGRU!W^`O
M+PX8;RIR%`\B[Q0H%/4D]R0U$R8K'`=Z0DX<F4`0Q@08%:A,N,&C01$;0$*$
MZ"!)19HB5BJDN60ITZ9.$$")(N4@2`H`-C98H7*`0HD^8,!X**"J`#()?438
M4//$#(,2Q:Q9HZ9LZ#`S'F)T<`&-FM.A0JT]<,)"1`4TY<1I58=!'(:N+Y14
M:/`@2HP8*&C0J&?O7@\7>D*0@*$GAQH8>`E..&+@P`0$@#<8*-)W+(\%16YL
M*&+B@PH;#4XD2/.Q`:F0(D-""+.B<Y$$5@HHPS5BQ),0!P9XB.(DRH`39:Q8
M,1:5Z/^P:%$>6,EAH^E3W]&`48A2`H80)EN3?^KJE4F0$RXHL&"!(BU;"OA(
M'$E01U&##@>//,(+`\$"*@,(:D%`<,`&!!4&`*Z`Y$:%!6K46-F0H')F4L@-
MX8``19RPP@Y2M/`!&,O<XH$$3DC@`@`'4"'"@Q*(T-<S3@W3E#4>E%`"!1C2
MUJ$PP-$&(0`5**=5.>:`\Q572C1`!1A]H'4==B300$(6/?1PQ0<+'%'#%3#H
M`\-`$RP61WJ`L1>E?`@<P,,!6GS00'Y%V.B?`Y>%XH=F2AQ@@@DA-)#`!\4\
M\(`RP;S4QQ,?G`#``$#)PN&)P/39!TX)V,!!@S@18Q0U*0;_XX,$,(0PPV:8
MN0BC5\PY\$(+13ZP5@SVM-5#%D#V8$"25R!9`WGM<5"@&E1&&:4!#2&PG@%J
M`/9!#IR`%&9(YOCQAAX\Y/`#$@T`4(P'R-(&50P&;'""`06<L&>'?QQ!03`-
M=K"2B'T4Y2>*U"+Z0`(J0#!$.21%ZB)RXC"10A$#/&#&6M?ATT,,/9#P1#Y'
M7''D$7DQ>00"'"SPP5]21KE!*JY&J5^NEH4YBBB6KJ!'&</F<`*X0=WV![(>
MB'##`?#&)-,((I80(4XCR,8`R,!X,$(R<`Z#4U"'!D?,+6\F<((288(93B@N
M;J7#"2ST0>^.V>6;3SXUG$K>%`;I_X7`!ANX`!B5$[A@14H-UXI`?YQ$?!D3
M$.!@;B@_[%"!"3F8,"BUUK#0C`0C,"#'*AQT`),',2&;BP0>P*!RMV`XD3*W
M?$(%W,S8'I#"F)B15+2+;]@@`C8LT$`/CR2TE5W4I)^*)*KL46%%JX`ET*4-
M<32,0'YJK%'VKA.O+<`/#32P@PD%AFL,MSPK+H<*!QP@10T^_#$"R"R,X*8$
M0(%L?;*_3?/G*U%)D$8+$Z---#CJ7OY)'"FPL-H8\3"='3ZEGWHDJC`,X((+
MJ4%9"`>H%2&VJP`@C.UT=9G<,<$/+\A!&4)0AASXS#<YD\`#BM&,"'TL)G*P
MP0E.()@CQ/_@;K?`131&`[+@5",JT`CA+0#P!C!I9E<O--\GE'""&W2@`-C8
M$5M&=X_XU2`+`[.:/][3,(3]#S!J\(=]((8[4@S!5T5HH`EXX"Q$I9!ESP,9
M&!X@`09P@`9/6!/6!#.`)R2M#R)2X2L$US$K"L48(723!PXP`S"I[3^6&UK1
M9I"".)S@"5'0X0Y[V,/2):D##3@`UA29GK^T"F%1FM4!.("`#U1@@&9S(M&8
MT(4TJ&`%<4L"!TYPHN&)Z&.`HY[*G&`&*_3)`V8P@QRHP(%:`H`*"8#!M3R$
M+6O<S&/*\IC,1A`]&WPC;>2SW/@N4S08E2D;@@1=(0T)`RJ$P`;_M!Q`!ZJ&
M,(19PE5$`L#L/E,99JX-`GYP3A`PL`)^*'`#PD-E"('Q)J1(P#V\E(`KN'>$
M`1@@!`M@!0!48(#H>&![K^CEM^"H3Q<D@`H`V$`#7H`9\<%0F>IB`KNV<CP6
M1/-]/L3+`1I0`4+HI3VRF]()\`.8`WQ@`.6\*"G\@(,0Y&`%0M"@&1XPAC%X
MX`%`$1[AG/"@)^G,<10LP0@H$(,"?$8%4-W@-3-2@:I6U005^-H!0K!!%7P@
M`2YX`@H.\()1X(!RR]P5*&18$A4,(`8!0`$=>C1(D,KOAS8R")-,2A#`N*!5
M"]C`_RI0B7*Z4"24&Q,3=%"&$\R`!_L9_T%"'Q1/PA7J!"*(YY\HR((%J/%8
M$@#!'T!`V@=L0`(^P-"W))`;%;P!`AIU85K5>ECR*6<&!ZB#FZ2#@M!)<YKR
MZX#_",*D0L#`"D6@@JM4\H&&-2`-"(CIKL;DAS$-(2(G8.P)0J":!U&VLLL0
M`0<2I;.@'.$`OFP&&E'X$@EL0$0^V-XPY"2!%J1@,RX<D]!DFT<]BJ-\.J@0
M-D10'='!CW1+JD&%#((J@BS`!E:0U0"29P`$?!,P1=A(3&7KA_Q6%P)5"`$/
M5K`&'JA@`2P(!C+B2=1[CE>SP,`)`E1PO1I;#Y[7FT<]+$L%(`A`"4I`FP,L
M*E/:%LT&*\@""O_B\;GW`3=)A@"`&HC+GH7H004(,$`%FIM2>,'T=FC]<&+]
M8($5G*`!0L`J)>*0XE^&R[L2H((!$AJNH;S"``D@E!K52`$`J/</,=A7";*`
M@!H\J`0![,L,@H#1BV8&3/K="A.`<(*TT.`L=7T:@L/C@ALLX`12L,1?A-NE
M",M./A_(GW3%1%UTCFD&"[2"$$8L`BMD]D\UHQ;><+(!!KB93\OH@P'28.-B
M`R"U'J"!""C:%0N4L1E@(+8+TA"&#A<Y:$%+#A.H\`1Y%3C3-8":Z:)VA;_P
M[@`FA4&J/Z"U]6@M2A\@PDN_W(DQ7T;,+P#"#_;-F`0<8`1@6&,\G2?_@2?T
MFLYT^QA./I`&%`9ESXANQA]@(``!3.'B7KB`&FC0!^+@C8XXP,%AF8E'M8XO
M'"I@0!18P"D?_1:XI9(:#$B6W`14X`!599VK#&`%MUI"NM4=4Q>>.*8P=,%=
M;[!`&2`\`)PA7-<E&```GO[F@ZK@".3]V`-8<&Q]'@$#=Q"#&+A`!@N,ZE#0
M2AMLT7G`4&@TMB:O;3FZ$H8#4*=>!GYRDJ0&&!60E`.R6-W6IC1A`'3@$I4)
M>M#12?3K`B$(0^A"%X2`&E_;+)X^<(E@4)MU8RBC!$@+5\I\L(',4^`(`N`"
M%E:_``'4"AIF.,$+<(`.1ILK#,A16[HT,ZF0_XS"'$H```L>T`=!.AEJY`%8
MU2[QE^8G;':(R9HV?WX[5U/7#T\,10B*X&,<A$$)R95L4:AN1=(/X-=O_@/H
M@5-"5?;AV#(;@`543P`"<,$"-YA`4U20@A9,,@0I,`,SP`2C(!(E-U.8\0T'
M(`)]@`(Y]#DO-TUXH7QY<5+/9V$<8`5+X0)+@7AEHW@?U@6N!@%E4`9F-@1#
MX%;/0#C`1"U)T0<;P`+D%RX4<`+80Q3*X`$U.`)>@`$0(`#SAP5B(`"=5@-O
M]`=18`.$40(SD0`L<@(M,`,%Z`#7%VD0$`2Z!R9!H`()X%&[Y3Y.5CI&4A`'
M88%1,@$`L!^.0!&'Y_^!]0:"$"""U34$.[``(:`$?J`#0O`#`T<-$F(L,W@B
M6<`!-V@BJ(0L8-`".,`&.*!Q"0`%4,``!G`#")`-V%(,8(4R$=('(2`'&J("
M2O`"01`&Y8`<?D"*GX!6(9$"*G!&UH!W+X=@%5@()V4ULW,`)Q`'<8`:4[41
MU`<2<-@%<P@!.:6($*`#/'`"`M>'?^`##V``<2!"?=@',U>('=,'I0$%`C`$
M83`$%\`"1T`"`<``':`8:D`"AX(LN8$RU),`A/@*KZ$"0-`":>"#&'`!.@`$
M*A`'%N!"0S`#&A@53)-WXD8>^L`!\5&+MF(#!I"!5O`!!B`%&<@1Y02'9T7_
M77"3!B+80$6`+8'H%`_``2Y`.)UWB?<4`M3B`T/`!VRP!!B@`C0`!CUP`0/B
M!5Y@`7>``!.$+<@R`D0U`E$0!33``4]`3*SU(#EA`#:@`G;R`07``@QG>U>(
M6S`@%/600YEV8%&#%Q.67,M7/Y/4"%MU`+*A"FE`$;_8`"!873C`C6UI@CI0
M72D0+`4@6823:R[H!+UA696U:P@0`C,H,TN@``+@`SX``/4P!4R0!7=`!F20
M<1LW#;<0/1`"44=H%!X`.RHV,S``!&%6#@O8@#'@43H4AK+H`BK!5P1!6(W`
M"(Z0`FS(AFFYEC05>6WY`TV`3EWP`C:P`P<P3+Z`_Y=.D12DI'"5510&,'5$
MX0,^:`$7\)Q5\)P,D'I<D`%8<'\&8(1/D2$<D%G2``(BX@$AP(";U0<D0`6E
M^`D'U`)QX";PP"F=<GRR2!X!8Q`?```!$`",X(1Q(!Z1T(:S"8)=T);".`0M
M4`%/%`9J4P54P`#+T"#QY`$#0`7)\)$G]%4SZ`4*H`!LT*%[$`1\P`=`N'H$
M@`49(`!2,`7`\0HCP`$)P#VT`08B`@]_TBT2]'YQB8(.("!!```QT`?S@G?'
MEP^G$S4GM21HF`#YZ6^U5`$;T`'_":")5X4%>D#GD@/8AX(O8`+$%)3($E1O
M1I3!$'`#!R<`4``YTR9FP/\&3!`X(_"D,8``&'`#]4<`8\`"-W`%DAELJ(E^
M?R"C)1!P!W4,U%,`&V"`X_`!.A@#7YB5/=0#-7`$DIH72$(07R4'<5`!4C(`
M%4`1?X66]&89M#D*0H>'8I)`"1`%),F$$6H#N/!=PH.4I?>@TM!%"L`'/\&$
M`)``%(``4B``7C`&%B``-Q"9M=I%4;``(H!^$A!P0U4HR^`$,P,`BS8#LP<F
M+W`".\5RI6E7IB*I`-,U5?,!<:`"5N!(LV,#GLJ!;JB6UK>6:L.-I[BC;Q`"
M`9!%*_9F-J"J,&&AGL=K,^@$/G"KS=`+MT0#1\`"^1D`&\`!R[.3T;`H?8!+
M+W'_K`UB!F,`%%&PF5$0!_H(!`!0;9^@`Q)A`,8'/^(F<P=1@1OD?_*!,!M@
M>+*)EE-*FR/X1"B(@EV@`U;``";CKW_P!#_`&C^5IATB05,GG,LP`EV``3[@
MK````%>``5XP!7=P!WA:B3A2JQZ`/TBYG;W`A##:<2Y0!%`5`CJ@3D'`LT>P
M-."6LO19@6I0!@'`D/"6@5`8F^U*FVOYKM45!%80/8I3DE=0!#YY:"5I#2@`
M`-9X+"R@`$MP`0?E`S<@?#CIF&)P`2*@!B3R(2S``7+`6B59#9@(`"D0!!HE
M<@Z@`D]0?-UJ5]3$8#>PC^)D*PU@`V2I@7J;!IC$MR`8_W)J\V%O,'4^Z0L1
MJA%)4[$PU@.,VR$@,`1L@*N)0P4G<`%3D`'6N0!W<`%20`)4-P(1%2(LR(S#
MPP!F4`9`L%\8H!$2`)]@J)7S21`'4`":^A<&4"S)8QX=D`:ZJRT0X[N*=Y&7
M404F<"&``[&Z%@!%L"`E@,!TXP%'```@`!Q]``)@P`"+Z).RP`)C@`4E2@!3
MP``?8&B$6@P!P`'-(+;D"T=.X'<?$`(M8"G75`02Y+8$N95[1S]VDDMCTP#K
M$24-$`)QT``_4`8WU[L`/(<Y:RY^``1Z(`(O`:NZU@=U<``TP$5]**&,ZP2(
M<D$^X`!LX`,%0$D8P`7UEP$.(/\%Y\@@(*-4H0$A,O,Q*QRM-'"7'Z`#2F`"
M`Z`"\O"^\(O#>($_%3`!&6@#4M`P'V`#`)`F]V$#;?"!29RE.HL.)T`%,A-"
M$=HM'&``,IK%:P+'3L&$8/#%>Z`$[S$``L``8R```Y!_)()*?X"G!B!9$2)Q
M<XR-6_0QKJ,"12`%!\54KYNR=T6?BV$`6O`94^(J282[D7$`C_R&D1QT80``
M)\"4"?`$?CJ<S5`G2:-9A&,`'T`]POFE!3L"8$P%,%`)_G0#E(@"W7*($R:#
M?])>8$J^0N$$,`@M7K-U.E8OICF?(E4$!K$`!C`!/YS,E11`+H7$26Q]77`"
M%8"^*E#_`4\`.#]%?*Q%=3(:!3;'N%%0&LBPHGT`D>")@W+2C"6``2\@``Y@
M`1;``)1(`I^'2GUP`B1P&X4RNM5@"_A\T]AP`C3P(,'\QSA\!"=0!%U35?L!
M21:&1`WP'E;POY'\1,((`4J0`R%@!0)0!@D@(KDJ(A8D#=+C!+%0!"[PT9*5
M=0!@`"$R<'UP!`'@`!<W!14G!:]</;%<G'/LUNV;!HS[4?^,PP2A*F?VU/C#
M*JZ":BNP?0W`T-&,3@IL`")@`FL0`M820K#T/-/`A(CS!#VK9XC2//PAQ2[X
M!&\0=EQ`=@[P`5.`+`+W?I"SU_%$(C3@2J[KQQ(H-5=0MELU_Q!1L@!-/25;
MI0=%P`$U"\`WZP=B$0`E\`&--9X/PD42))G/`R%@P#\@L+%(^!1_\!Z#&D^!
M!@56L'I8L``8D*+]BDK-';JR+3S0%I+Q<MM#"EPXC$@4@A=3P!XNU3!]P7.`
MX=C1/"9!T`*`^0>@N(#LZ`M4UZPAPL6U5@LQ1BU90]H=,@8($`#T9W]SVMH8
MDBS#UM[N30%;)'6:LD,$*<QX<05#'"CM\1?ZH<PKX;"5)-4!KGAA4`9V%P=5
M8`7SPJ*Q'0W3K3*!F@:]1JL=L@$R#;3!8&%>L'H9X`4Q<`.&UN$/D@`MH+0@
MKBP'%0,M@=OPBRH'``"$7&510F&S8_\%DV!J!D#C`"R,U56E%0``?5``*@``
M./X3&2V9&1L3?T`5!Y``FZ6TO*8^2FZ>J?8"&&`!'?`>,8E&=RD!,Y;ENI8-
M??"Y"0"!\RW,IR*N:&@`4!(E5+``P),`'9"_"'`#;%[C?M"TW.4$`/`",T#1
M[R"MTAAL0;59!7``+T.F)R0!`"!9?<A%9<O.[(P`-XTSQY#K`W<SR&"7PE/I
MU]`!`"`":G$6:R&?\5.!,!`'"L'4LR,%&C,`#K0>')#J`4X*;V`%<H``CF4#
M\5'+P92ON%8"SA*H/^YY?0;L99HA"U`>26*)01%47;0`.GT,5C2<W?*Y3U`/
MO14#/C(Z/B3_-66(`#9P@?*A92K0`1QD80L`X.>>-C-@KB00+3-P`FF0&R.D
M8D\'E$^0&D1%%$_PZTJN<+7VW2=T#".`8O%T[S9/X9Z7(^]G`![E(P[/0P6Y
ME62(`$CM[?J1`(Z0``OPYQ5PW*H^!&?%!+`S1T$0`GH@,X-J69A=,R4``AZ0
M!A_`JM0@[05;IMCXCI<83,70H@6P[*^*$RI$+0S"A+(0#YZC%H&=PU4#`_=K
M-3_,`2K@".*1!JX#`%1?XT,7"CI@`P5`K6^`$4[_#,W#D]+08J_A\Q)Z]M@(
MM(OB`QR@[]*`ES8T<$'9!PSP$\34C,>RIUL>,MWI<M?^SX!OGVKR_[+L40$K
M8`-/0!'B01$:!LFJ_N83`P2X"P1QX`!"(&74K$C8'`78Z"$UZ@2?7,^>9_8L
MJN2OL`'Q@)?)\LX2X.DM.`V+(@$!<``JP#\`<`/W#N0)I4]]$`?@[\^P"_A'
MX#5U#@@($Q,("`T\54<=BXP=`T01$0U^E)66EY@XE"H)(15O,R<T(R,4+@D`
M)R<`!@,D+'U_'A)."3=.L']]L;M_+1\2NL%_Q,6ZQG\2'A\N'A[&SK//?24(
M'"S"L<C$(Q(C!R%A0#];<0DC+##$L<_*(W]@L&8;-S0H,2@D^B0]-34N'Z1<
M@4$0P88#%3XL4#-H@)H**EQT4-1HP*-(D_\P:=PXQ`^0.C&HG$CQ8<0S8Q2.
M($BU@0.`#PF>C`BPH,"($KIB2>CC(0$560^T0?OC!)Z'6"7`M#(3S$<T9P\>
MZ"I!HH@!!A*RRJ*5+$J)61M6I,#Q(DV8%QNHJ#A0HH0R,+.".>NC3,2&#4^.
M&&#VA!^)`1PX+'`!(P&'`QL0&%CP`<"@!$54%)A<H)&CBY(V:J8$@=*0+BT0
M2`"30HB*$4YPKHL5Q8,9$2/7AK!RP,H"`RY(F4S6)XX!MU%X[:0;=Z>'$E&<
M>!A@X.:N8+P82"]@(!6'`+H9Z/[#PBUI(2F8=(&@:0@&)2]4=%"66D+;]TZ<
M/)#`@@IM`'$6+.#_(,?``34EQ''``0M40-@$`'`PP4(3@$/99)8Y`DEFFU78
M66C>%&'%"5@-`XT3$ARQ01\JP!`,"PS(D<!!M5E!VP964"%'`"+0*,*--^Y"
M01^P4%"C&6FHH(,<'23PP6&T65$$8FK(P<!BMM'&F`@>!$!C#",-@0,30S#A
M!PY=^A&$%532\I5)3\U%5U8/>##"!P<`,,!R#1PPP!4')#`!#`<(<N0$-CP(
MH668950A1Q`,444")010!`MO;?.'&?*E`8`$`)"@E3!9N2F="`4P]\$-=]T5
M6&`#UE;!`:>6"L`-'[12@`C2,7#`<<$Y@XYS+!@VX%U%Z)`H#@Z\,,2Q_U_Z
MT44*0)@$EP11S,>3,\7HEM5[SM!@A0LU[.D?01L8`$.#!I21A:`1%GJH9EHJ
MRH%)[O4QGVK&,``B%3^%0,&FR>"4%2W*/`-&'W"YZ28I9I1@1AT`F/&'<\[`
MI8U0MB8<Q3JDN*6,!#$<00,-`*0P1*)*A*!"$%Q68H$`/\3A!"DQ9/&$J!\,
M\$=4_QHS[09Q#`1##1T,-L$&"8Q+Q0('!""'')2E.Z&AZUZB91=5G&#&?%OM
MM(T344A`]`@GJ`-B.VG.TH=71)F]YDZTC$#"!JA14P)/:R+C#9FJL1G%WEUG
MQ>,'9ODQQ`LA'*#$R#B$H82E)N=@<AP`J'!"$?]EI)`"T30<->U\P4A00`5'
M9/%S#4>X!`,]X\(0`G_H$OITU)E,74$(#%`S-AC0[1(+&&",L,$`3J#`X4W_
M_COQ"/,=)XTNSSBC\!,-2]#F6^Y)ZD$<'Y3032_<C,`3&&90T4(773+!B0TJ
MM!!$&#J<D$`Z!E!AP\I`A/###T6$<1X`!R0L2PEC>XT5*M"/#@R$$`U(P$,F
M,(`/6*$,"6A:NM0%NTMX:0@J,-`L4D.P:?CM#SY0S@9(,+<RR()K'@`14;CV
MAS%L!01.<)@TE-<',XR!`2)PCWNT1Q1)R8(")\"&AXSAO3$D``@"8((,H&`G
M$1B@5RZ"F]MN("`;S&#_",Q2Q1MT,`,,8"`$`&#!7/;5AP18(00VN((_!M*M
M%BC(!HO)$P<B6)E!,<(BKZM@)33!)15LH`C8D1ZG>$$7,(B0&B.@`@#&X`'P
M$0`+*,`"`>C`!0*@(#5I<UXCX^.,*;@!!:,IF/3F(BD?;,`%=)&4>T00@BK8
M``@M.($(?."#/[0%1-XPXPR,$`(@O(`)$'"``YCP@@I4#@-`J$`?0#0"'SS@
M"15H@0!"P*TC$`0&`XE3`WXW"#6``P@-2($=%T%!/7Y)$PYHV``V`(_YC$$9
M6R,!`&;!NSD6#`MY&$,>\B`&2=+!"=.*`@I*,`:'C2(&?2`#`8[@`S!0X"8Q
M__"`#^@%#0^$*QG6&T$13A"'#IP`'*DP1P)B$`4SJ*"77+)"`E:D@C0(4YA?
ML$$%3J"".#R`=R,`""=F$(H$',&:UW3!#ZPPK@E((4XNL,(**L`TIV'$G(*[
MH`X^P(`.7(,$-.C#.^96C*^4H($Y\4$";'`$#U`R#V[8IR0)0``M3(``E<P#
M`=S`5KG*E:YKY:<DY2H&H4#C`Q_`Z#9&``(;B``$TAN!8AISEP/,+'+&>H$-
M7``B6[T@"`[`0!``0)`.=&,$,<#/#,(0!`NHP``#L:;/AI88_U1`/S9H0`,J
M`(0"_+0B>30G#C11(KB`PP8'\`T":(8;&I0@?D=1&/\%XE"$>*05GW450QZP
M`-VV3G>Z;.5"'K2+3^D20*\$F,(0NZH&`*1R:V.P03*>410`HLT`'[7`R)`)
M!(E^)0[A80(&7A!&?(C@#R+@0!J8\(86`,$&4JA!/T0'@R-,`092H$T%AAL"
M.-D`CA)Q*H7TV`4_0"`()Q"8!]HD@@2T(`Y`2(,<TN`3VRS@!+QSJ`02<(*;
MT.&[C]SG67/,!2?450ML3:MT\>EC',MU1Y(J00PX$(/Q$L-K-]C).\S@@;V!
MP!E/L$$9RL"$,&30`$>13_B"@%D=4$$$%*`#"E!@@"J\8!6$Z4L-U'C-GQX!
M4`,XT`!GM;3*N"##Y,QM!3O_,P0EQ&%@Q=,=VY[#DQ&4;@`Z_,,&TL`"$.$3
M"]HEP!CHL$\QL/72_&0KI[F;AS_45:UT^*`M61`J&E_*K\2@006HO-Z+\;`8
M<3!!.`001)Z40"IR4`$L-0N`)]#@`12@`0=.2@4:[.,*T+["G1%PYW%Q@"$`
MJ(`)8L(T">+VJ>:$``1`,X#I^=!N;6J,<MS$@120T`.5U`*0L?`'$,B5#G1]
M)%VUP`4L`)FNE8SDI;M;G\8```"EVH`-`!"4;3R`FA>3Q3:T:H4?C$\`ER(%
M+7S``8X"0`<.B(,+'L""&/PE#I/31Q;XT8]U'B9L!#&`%380@A7P@-L/TC#4
M!NV'_P-`ZMP3=P(#./"$9(#!5K9AB@3&@`*F@$B?7'#/IDEPM7\Y(=5@@*%R
MZ+K//&A!`FI`@`M$P(*,L2!I3IY4B;JF0F3L8@,ID`,$"#<,O[$J!B+X01!4
M4&X44.`)JTC!`6@`[2?T0$!68$;IXI0`!.2@")`'0@">T.UQ!AK<YAS<!L@&
M]&(<![#.R`H#6""""M2!/>UU`EQJ,!\S4"H^`),Z"RB0`#.@)MD/>.<LB&$P
MNGC%!0LP[C9*8"2`J=(;<A@`,0'P9`E00'LL&`,8/K!P&L2`1AS0@06HV8\C
MA*`,IWP"M`?!`2H<H`%ZJ(`54J"#`CRA==_><`6[T(4TS/_IO)W711;(-#WE
MX,0G(`(7;4$M$C<&&0-`MN1Z4>!0&R`=,;0+KH=+&],I[C$"Q491Q/```5`!
M<N(<O.!Y8+`T0P!BWK,IPT$!9N!8/=%+!6!:-0,C'(``_5`#HO-3!5`$"*`%
M!Z`')V`E-/)^.><ZF*='07``)>@-^4<,!Y`"Q)$,B$455E``6)%U"<`J&_`2
ML9(`%B$1&48D'9`&',``MK1,RC$,NL,.1Z$+!I`&&&A+$F`&!E!^(@!KNQ""
M:3`$8;!2V_-D?;`C0>,"<A`"%H`!%E`_B!$'1T`"65`#>>$SV+0``S`T26,E
MUP=_=U1.>I0"5-`6#X`V^5<"V_+_+\]R$HTA`AWP!/91!/JQBJS8BJQ8!%"`
M.V$6%SK##ED1!2OE9!(``E@16AQ``KJS#LK0`2E`'B]P#1ZR$S'P`!OP`PB7
M`A@@`&M!`E>@#SU0C8OH#]=T.@=@`"M1!2P0`-<7`)9X&8(&.^DQ>CX@/7-#
M%[O0ALGP"__B/-4S`@O@(K71`%:0`?S8C_[XC_VX`%!P$C-$@,DP''&!`%1@
MAB#T9!JS'"4!+>Z!2QT@!^V2!NMA2RFT"R+P8B>0!H08`G'``2)@<M;8`XN8
M!8M($-V2`!4P`1\`!.'H@^4H(4,8-1"@`S?0-]J#)A$#!JIT`/^U*:E$"K2B
M&QP`D$H)_Y`+@!4&$PV\H3=[4P(@\`"E\PP^\!Q^<P2*]'U60`W:,3>U$P`J
M$`9@8FAN\H8`]0`Q4`$VD``O\`('X`(DP`$%X&PTT`-Z28U7(#HT.`%/``0*
M\@%5X(-64I.8N"Z=D0*GX4SND"92L0T><"NIY$'#\0=[$Q^UL92<F0%-20OQ
M$9K28SQUDQ4LL`"\40``X"(V<`)4,`!/`$H+0`*=V#L'60(G(`!=P#X)T(D+
M*!\HT`$',(@M8"?W0`4;@`(]\#'6N$9/,"XU<`!%,`!3```M,(Z'&83QMW-1
M8RGT,0L/D!KOT1:P)@LV``9?@5%K8QPG<0"=R9D+0"7OV(YRP_][NM(-?U``
M#;`*5Y@`P+B>6;$B(C`WO7(7)V`#.M`1$:0]'9`@JI`6(74C%&`*!V"2BD@"
M-#AG>G$8.;!-<,(`ADF.VGE'YQ@U*1`"3R`O$OA!Y?DP!R"+^-E\[*D+^_B>
M2BF0LJ`Y6G60Q7,MT?(Y^^(W=4-$);`6''`7+S$`+-`!*H`!#O`#R'D7*D!4
MH+0+48$"UH<"-5`$?<%R_?`$+I`@+G$"/%`$-O`#%0"BAHF8);HN.F`#]Y$`
M'0`+9;,-3Q`"6K&'.;$+<>$$-6JC_[@`@>1\&%H#*'!3(*!DBZ!5?1`#WP!*
M?D,*0O$<7I$&%9`&0!D<L4`%0``$5B'_'6TQ>/$P!O*";/:P9E9A;!_C`E10
M`0T@&3`P`$50.`>@`@&@IC0YHI<G?[#S!@"@/4]@`!N`-'%`:6Y1G@`8!1K7
MHG0!BH#*E'+*8@D@!TH@!P=:(/?H$@M@`_H1`@T@1EG#+\]A,12P`&:@5=#B
M!$]@)]WP%=!B!1U`<E%1<A00`"@@CH(!*E4H6[-C%5<P`+$UG3<0`HVRIKIJ
MD[RZ$3A`/N(F`P'PJU+V!Q1``D9R$#;``0/0!R#`=A^P'B6@'?XG'TZPCL/@
M`W_ZK/RX`.%"!09P`0+@!1=@`47BJ*3@`320&WW0`16PB:J'%47!>UUU4R)P
M``"E>M#"`!M`_P/&$`QI<`-S$17()@+Y(#ROQ0$;8@/4QP&%4R<=IP(:8@(%
MFZO>1J(WJ1F=@0/BU@+-T2;O$!PWP0!4L%(?L`&J``#V$1,HT@W'\6O>H!6S
ML`"`N@&!F@:.)@`"X`9N0`9C@`%2<`3:8((2P`!D$@S=\"_1XC?N`1AJD#/)
MD$@?P&BQ@+0FT8<4\`!2FVP4,$<#T`,#T``#8!AY<02'J&OEEZ8ARJ9EJQ&(
M0W]#``0Y=#'M\##><`-'0)]]`!`/BJ0W<`,&T`$B,`+:\3#)`+@VNC+^>!M]
M@``8X`9<T+U<(`"%\+@_&RT>H$@/P`!@<#'B^A4QD">-=$)\2F/&0_\,++`!
M.;0C\L("=/!WYI</)/`$:E`#,0(#67`$5M``)J`']5,$LW:[!YN8'-$1G:$#
MS`<MCQMZDD8">Z,,?5!+PA".2Y,&GAHE5D@/16"C&[`$.'"]P'`'&-!OU(4%
M7M!X%!!Z<C%BD5MCZ`M/1_$,I'!T!Q"+LGBLIAL"!RF,+R$]I$L!:R9S!4`'
M^U`#C:%&_G`**L"M57!&(2JB8[NKW*D16^(E."!+!NEYWE!CNW&+D3D,-5N_
M80:]K_$Y@,H''W"]488``@`';`57%G`#",`3]DDMRG"D9A-Z-CP:9A"&?7L<
M5CH"R-@F=/$`PHH\6=4'?D<"P>4C>\D!#6#_`-=X!*LU`46`!AO"`C.9G5V,
ML%^,"80F;GP'%ZNA"U)QI[8T-U2V3,/`-\KZL&[R,B!BR=3;F3>``8+;CS/W
M!UF``!8P!F+@!A8P`#=0`P9)E!)@55FY&P]#"C`PMP<AO$*:%6_2`3>3EA)0
MESHP8A,ZH0HQ`"@@M3)S`'*PB&KT4P=T8"]F!@Z<RA"\$9U!"18P3R?!/4>!
M`">@%:IFAKM@$@WJ#`#E#D<0S)QI`%[PCU;``7U``XI1`%X0`%+@QS6,%`#4
M*<<A`35&`BZ@&`B'I.;`@5L!0$?Q`&VA!E3P<]LC`0=P`A]``27W`0JI`C'`
MQ/P0-/R0C3]#$%?0_P$;E0:C)[;ZW*:8,!X2C$&`W"F=.V,%70QT&(P]<2F\
MH0N*I8JKZ"+\Z)[\&``#T(_NJ1\)8`!2T!+T(`4(@`(30PU^M8L`8`-T^Q((
M``/`&'J-<3:,K#,B\)7X&16V0@5'VG'@H%(D$`,Q0`<TX!_BYP_72!"#X`(5
MD-E+S<4/[-27`-4>U@5Q0`$YRC9]&S_<TWG+D#U;$1^-PE@M,4`MXB)6L`6K
M21O@$`(TI0(JH$@C-(?%,)HYLXM75GIRT!T=_(%$X7U0T(F2TI&=&+DFL9K-
MP`)'(+4B8`,D(+4!0`=/D!;\\`3^,`%K%(<5C:`T&0.55QE"F+`:`4P=X?\'
M3!`'(LTIW0``'="BD@(&=NLA3Y%UL+P7_R,+/K`$M%0VSF,&!7`#'<PIHN@\
MW2$=55@$H_<.[K@:"5`3+&J&\5DWMC*@LY?.(&.7E[P8`Z"2_D`Z@($T<NH"
M,K6FZZUSZS(RGY$H0.#!C&J&<./!^6=15`#(:_(>93<+1O)K\B(!7L`&B&7:
M_X)8'O`$[R*1?2`"*\9B_.,B1[H!4E``+E`$'V##]LDUV>T"V`!"FQ(RW:"L
M'-6H8D0!/WUL5!`98;HM>_D$-+8?13,!5^"J9?!X,\+9EJ?*,YXH'C8$<5``
MZ^C-Q`!$<Y-VDL(S\/0<O`<7(-`'>W&L(/`'`@#_`2<AH]`B"R*P472["@>W
MO#53`"S@>N]@2P_0C<YP9=2B''11`+1A`%G9"R-`)EU#8T(9%1<=M0]`!U48
M&!^0!3TP`7$8&%)0U*ES-!Q0!#D@2Z@<Z/NL$82>*"D01EWS#L-``@6-?T#7
M!T0#R#EZ%,9GZ9^K.R/@``(@4=.RM-U``0:2B'+3%DL+0&Y!GL+9')V>-I7;
MH"61$W\P`%;@V`;0FF`6%'13KW10.OY)`AV0[!OP`3]#U-=$"`DB!#;@@T!(
M[9Y]"?V<*'O'`%C#IQQS`C7@CJDM*>)N,^UPF5X="WOA`S%K`1;`!IEE\SIO
M\UY$B!90!3WO18/H\T0?__2#N#)R0(A!K_0^+P<"(/0V_P8IT`)54`70J/,O
ML/,VKP0I$/5H``0N*P`Z+P!00`*I<V=6D`/2604U,GF=G;MN^A-00`L,$-(N
M<``=TN"")"D`4`-:<V[+D`!+H`!+(`.D-0<*D/B*O_B,W_B.__B0'_F2/_F1
MOP070!`/9@BU:K!-#?>',@/;.F$/M7M/$H8>@%@/H]\;0$8^I+$>P``RH``R
M<`:*OP4S0/L*L`4V9P*XS_B]OP5E@/B*;P0YD`,K8`24KP!HH`.-+P1-H`!?
MP/N]KP!GL`*XWP0[(/EG(`0SL/@"L"<N,`$G$`+Y[/&>OQF)H@-E<`+[<E/M
M4/^_:ZNL-\'R%:S?=.$#?*``;+`$6P`(1BUX9TI!"@H\*TTY*XB/B#]-.U]?
M/':00DAH)DB0GY\F:*`Y0@I&2$:.CV=)F`I"JZ"/<WIXD$M9$Q,;(04!P,`%
MP\,=QL<#1!$1#7[.S]#1T!!^+SD<3G]_$B-_41(,5AT2V=W:Y]I]`#X2?>CH
M?7U>9PHR9R<V9155,CKT/":V;#&")I80$RNV[$"3A,<.)`AOP<IQ"LF9'2M,
MS#`2JXP=52:^(%PAA!ZB'#\4-$&"I\P6A&6$)"FS@F-"A#NVE(GXLI/$1PPF
M<%#!H$0P8<0*'$.FC)FTIT^9.`AA(`H8#R6R2HCB(<#_@0+N/'AXEVY=.[+G
M^EQ0<";(%CT\D+31<R:-#`5;>"1)N"('PY5H2"+Y@6J'"1Z(9.I-R#)'F3(\
M4,DT0M-$CI604>9(PCE)$QX_3-AAF>2@XQ6/41GQW"CCCB0_$5EP<>+-&P8L
MCB95NK1#LF7-H`IWAL/!@:(22DCXXXYYGP0<H$A8CI;"AFW-T:IE.V-)$@W?
M<\A(<'?.&3N=<NRPD^3,"HQH>#2Q]!$Q+!Y?-K'AH==$F90`672>*(F@800>
M7^00$AI(?+8##YI\D<0<C-"TDEXKG1$+$E^<D4-L"@AP0@(,,&#&40'LUIMO
M304WW%,0##&$#B<\\8U8Z4SW_P<5)VQ5`G/34:>.#V+U<18\62VAP`PRK*;!
M)2VD\(\0=FBB'GL*O+="?&C09X1].U`DA'P\S)%13(G(9$<5)A`8V2.E5%0%
MA/RMYXH1IS687Q/MQ7)9?K&=P<$)#$!1(HHJ]O:;4R]"-80S*B#PP(_O3,<"
M``GH:*2.?\0`0!]B3:=<D,E)\,`+9_3SPA8S;)&""H><DH,>.1@AR1QB-B$$
M07H8-@<>)B#21!D*))C@"B2A,8H)'.50ZPY&*!#2(V6,@L>'_IDP)F2_5ON#
M$`JN<.T9:/QP;5]?0*)#`E`8>JAN2:VXJ(N-1O,H!"&0L`U9#_Q1`@T'=$#I
M.Q0`4/]"'R,8"0*I08(1AQ)XI=%""RK$,8-);)G'%CT<G^&Q`N:9)++(;"WA
M,<D@=\P6)!^O/$=E/*`Q<L<<;YPRQDM6\8:[[P:3Z%+SUOO4$%T,<8(((U"'
MS@/M2/!$"`$T9XX$(E0`P`=Q#%"`OC[X<(Y8`!A@`1MLO/#%#'S@C,@92\PQ
MAPQLF#S+W*RPHO;<+:^]]A9?;*$R*"WGC0@;(K;+,P.(QJMHBT(/[4<`'R1-
ME@1@)%U"`@>P<$Z03Z@00`<)?+#!"2$<8/KI!Q11!.JL'U!Z""&<<((*!YSP
MRP,>C%"B""R`8!48P`-OA@0@,%"Y<@6$P,T((^`^G5BYEP#_Q`T@E&!B#0AL
M8(,-)W1``0L;)!#%`Q203P$-)-BPP1$TU''%$T\4\(0N(5P`A1<E&IHX,?(R
MWC@T.(!`T>+0`;0L!RM&,@`'6,".Y8P`!@!P@@0\L+!S>.T<ES*`!YR`HS_@
MB"OQ2)H'^F``*VS@A"@\`0`.,``C)8P;\8A"%%CP@&[4T`JXZ]=TOM&';WSC
M!`80W0D!4(8$.`$,47#"`\90!PZ(@`(QH`$-8D`!%(C```<`0!9(4(,NUN`*
M''A8NPJE/WCQ;W'`^1\`_=`%".@``$H[QPL]V`XJ`$"$(AB`&N+0AP=<93GQ
M:,>F2@``*6S0@UX+E03,L`T/3%`"_U2@B@$2,(`LQ$!S`%`#"Q@6I!$>D!L'
M$($'#S8=YHWP#RPHP@FH8``74``$)W!!"<9B*@:(@`,(@*(48X""*=;`!8-R
M00^ZF(4$$,I^ABM1;GRF.*#Y3XU^H$8TPU"%!&Q#:4GC8"`9L($X;(,*"RA"
M!T!U2NB9<RQAP\I8M#%"A"5M@G](F@$`T,@)&LD''S!`-W2TG*QLPPD2G$X<
M,C6"$KS3G\J!#@L84$I8&B`Y"8M"^0:P`5Z*@)<H(`$%2-"#`@#`"BZHP0"H
M8`,=7`"98\2-&8N!1D9!,QHS.`!S#/H'II'%`RS@@`%*H`(7L&"?1T++'](Y
M2Z&^PP,#H/\G/)831`IPTDC-Z<,L)=`#%7"E7V0IP0;D\*,H),P#5SME("DP
M`@X,@`87[24)UKK6)YSP"`M(P1M.:KB4+A,I9W1F&E_Z#`A0(PX!*($,_34P
M=+`@!@=(`!5\ZH-190<M1%VG4=GIT<=Z,@$`<"0Y)+@I.3*O#S0`P%7`0)8^
MI)*L$DS84#^`%>:(Y7L&V``-4(!1C;*5!$_X0`ALT($+>(&NR50I,_/*E+U"
M\U'1?!1@1X"C>-RTA@7@`*9(*<C)ADVJDT6'!T2@5.=@10*T:>=83$G+3CH!
M8/X2*@!"H)QL,.</072D!]O9AR?4"`7GP^]&U]H#$ASA`#8XZ6__4>JNNZ:H
MF<5UJ1J1&Z,AI`$`2"/2*2O%C1)TH`(("&@<U6L`[&:7G0PP6(Z^"X,3G)-X
M'KRFJ4!PQ`.XPQSH&,$&6C""&U'G")F=93L%:<?S;72_MR7!!UIPTB+759DK
MY8U>%=PXOSI#FF&(Z08&P`+)HB,*C&P'$!(0#^<:M0\@H`)K"SM9#W"34BZL
M,0DXX`(8,!?,#[C@'R@03P]0P`QL[B`\K"`'%D1!&]0IF`<:.-8^F$$<LU5K
MD)]P`SF<5`G`M6N2^V?<_SGYR6P,P@MF$(<X2.X=#V"`!_[\A`70V;EZ7BH5
MI-#8#[,3"AN@5"E'70(Y'&`!)VA!&A(0_UAVD&`$'?AH!61G``J0V5\`H`)$
MI[.I=2CG`?%P*FBI0(79\A)];.W!$P``A2)'NL"3;BF]FBQ-3.O@!V500AIL
M0`5'<M:1#/7&'RC:C<>6]@\?:/>QA3J6#4!A7YMSYP@2((4;?*`("ZB`*JV0
MV`ZP(*D'X,`[I^,#"I30!H)TW@^3,SX*4*#+%*!"`F9+`A%D%+=M/4&WO7UD
MX>*5I4L>-U^C"0$,O(`:`F#A)D7%C>5(@`*)'0$[[`V//N2[M:[N][\W_#5M
MZ,X%!4@`B9Z`@G9L4'<;2$,0`3`Z``RT""P`%76BH`X)>"UA7>X#!0I@A2IF
M5`1/6&L-GH#%E?\;.;@&_EF"93YS/\CH&6]0`17>*4'Y2B`!-P#J9$$57SJ[
MVAW^!KA0.<F<??X!#$X8@1-ZD>P!/($"8AF!%=)@I'ABYX[N4+O'/PY%&Y@<
M!;WL04:SD`8KQ-7;!$;R<&&^][Y'HPO.Z$(8@G"`,$R2N<\#Y$`#R?1WD)"U
M1.?W'R+??'9.QZGP9![S:HKE*,1!V<DY&$!]((<%E,`)"#M8'V[00AD^@`9V
MKB(+;.`"V)?<!3?@@!6*8(4!'`#2`M9R>8=@QA`TOO=DU.!7$+!I3,`$'!``
MP/-),&`%,>!EBP=?8^9J=`0`<B!Y-T4=S#46FA4D6#9P&[!C$S06"7#_'9RR
M#0/0=B,0=C\G!U1P``QG!2I@!3K(`0D@!W+0`0CP!!S@:'<G:;NG9+UW@#07
M!F$@(Z_2@#/P`7\43Q)P!#9@@>S$;Z$S8:XF`1\P`!ZH75]C2J`":$%B!GT`
M3$E$9_4V`@N@.2J6-"00`G_``!!W`!M@`!J%`@-@`$=@<FQ5`STP3`6P`"R'
M=^$6<TI(<\[P*&&0`G[`!"\P9@:5,"(0`@A0*9+E9:"RA8`4?>C`#I@5AC>E
M8AM6.0\0!3$0`@-0;T'2`0?`3P?S3@!`=WC8`7E$9?AE<C7`=7$0=X/X!#5P
M!`9P`D7H+DF&A`7X3+ZG@)>&`P$4!.K#=0#`_W4A4`$%0"JFF!6;LAQ;F#O9
MH4@MR$&P*%58J!V@"&A]<`0A,#Q^M@VQ-0(DT(<J<())9`!`4`0O6`8J``0A
M$#9'D%$W```ZH`(`<`5<5`-9\$5AU&TMEXR4QF2+2!S1Y`<JD`:X@89]$%T\
M6%"SR%Q:D2,E@```($-;85-.YR^D`@)F(`=6D$35IX'P<``/I1P)9`6P<P(W
MT`$+0%HLD`#[IP(V,`,OX``8<`%5<`!QP`$M\`(68`$MP(/S\T4,J0)UA8Q'
MJ(PL4FD3&7R/@@,7P%I']``<9`8DD(,?@(;D(&KE)55V&$%_1BI9H7TQ6"(,
M(`<)L`#Q8&4R>6\B</\`*-!:/_<$Q!,/#!`"QG0`5:`#C!D$1HD!#F"4,Z`#
M,X`!3VD!`J`$M%,`7W0$5W`$&T`%#WD4<D"`6RF1$RDC71!`*B`^\80P(O`-
M%(`Y7[$-RG$5G_4'$!1/;\8"A;@`"\!P',`!*'0#K>0.,2F3S>$!)]`##U!E
M$Q2"(_`!*O`#/U`%00`!#N!7D1F908`!X&F93SD#F(F9(W(%5`D#`Q`"#[E,
MNZ&5!MB5SZ":SO!&9I90%4`%3F!0?4!1'!`YWV53?0!!#Z="U;A"1/%5..)(
MGD2*??D.47`"??0C.O(-(S!/'!`"&\`$V<F='&J4CRF>3EF>`A`'4M`#GCG_
M`;\TA"F%&S$`#/!#7$DHG]&`<W?T3@D`!`8)`&!A4"X``"?P`4]@)*L'`QO`
M`E]('0MU0L8V2)IW#F;`EP_Z#DX@H=G@2%Z5.]OP4W&0!DS@!T$@%0X@II#Y
M`N!I`2-J`3,@``+0`4(ZE9^).0'`,W?E@S*ZC%Q)HT/@5T/0`@F`FPE@`!#P
MB&:%'<SQ`58@.XJZ6_B0`@R`=KD36V80@J'"-!SD7E.:'<TQ!B=``ART79UV
M!";)``FP`R>@`P&TG=T)GH_Y`FF*F6QZ`5:CD%=P!1-P!-"14L``!#80!W*P
ME%IYFGPGG]30!4K``8(%;``00-4`!"[@`^F871Z`_SE@`6=6QEP>!#Q(EUTU
M5$/$,P)08`4UF(<;``0SH$)P!Y0Z$`)6T*'=N:KA*9Z7":M+*8PP``,U<*\W
M8)6ZDP(VT`#6Z5%%4)H=<`0P,*,TVE?4$`1`(`),$P4`X`"`ERE3>@ZS)!2)
M5X;;R'P`U85),YTAT`(`T`*&\`)*(``.\"@!``2+.0/#-P-^\*[O&J_R>IEL
MJ@0G(`<U,`&?.0$PP(X%``4LT`*(*0Q`T`"E"76*F+#20`UOA#M.```8\)4S
ML`%<4;',D40B<#1<&"19,2HM.%F+)$$J4`9`(+',&GQ,("-KBUS.$)G:*;,T
M.Z^PRJ9IP(H^>Z_W&J1">_\4.J`4BU4`1U"P",NT%5D-&"=J'S`#7QI-!T`"
M4BJ37C4"8I8-U%$B'@`&[Q<\,)9=9N`$46``*2`CI.NVT02-T$AS?I6=,ANB
M9SJO;!J[:8"'^`H#/KN"9?1R1Z`4!F``A6NXSZ`"3@5?*1`&3_8&UH2U3C`\
M5>ABUS0"`<`!`%8!%9`&YS<&%]A(\40%.F"\Q)&ZI4NZ3=NZ<PN[L2L`%Z`$
M19`&MJNW)V`],?"B`4`"/EB:==`!UY@""9`&'<",P/MD>/`!4N4!(0"S,1L$
M)Q`#6)M>6Y%L.S<"F,)<8``P'R!JDP6MWE"!:;`!+^"]-1HCP<>(SL`$<3NS
M\4K6M^>+OA>PK@-PKSY+*(@3#,54`#;X@RK0``F@!R>0!O[[OSC`!!M<`"7P
M7ZXZ!$Q0!0:PP$>4'.JP`4DC`N:7%7[$3:+U9=I``@=P&"%P<Q"0NM*``_-Y
M:4.@JG)[PC:;PD4&E!S0OB<0`+D1OP&0`*JTOX+K&QW0`GK``4VA`<O0QW[\
MQX`<R((LR!K`QQ%0R'YLR(.\R(",R(>LR'T,R8M<R)+,R)9\R8.,R'QLR)S\
GR)M\R*!,R1%0`9A<RJ;<!GV,RJ:\RJG,RJ[\RK#,R*HLR!40"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>52
<FILENAME>o68633o6856316.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856316.gif
M1TE&.#EAO@"\`.8``*`V,,6[FJBGEL.]I143$\W'L<G$K+NTF[NXHIF7A]'+
MM(R*>M/+I8.$@N?DU.GEUFYS<,G`G-+)J=7+JN+>R=?2NOW^_.3BS:>CCZB:
M>=/-JD1"1+.MEM7-JLW*K*&>BL_&IM7+K<?`JM+-KMW:Q)B<D9ZAE=/&I-[<
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MX-G&HMO8S<G)HY"0CO'S\M6MEN_MW,JKESLY-M/+J^GGU]3,K"'Y!```````
M+`````"^`+P```?_@&@-@X2%AH>(B8J+C(V.CY"1DI.24VX$F'R9FP2:G9N>
MFJ*@GZ.FI:BGI)Z8I)]8K;&RIZR?J;>CMJ&<MKVRK;6UO\/$LAM\`P<'R0@#
M"`@L`0,L`]/5U4K5+-O416EI2$LRX^3EYN?D2$]M/`TJY$U3/!`00$,E+$Q*
M;R5%/6I&4I3H`6%(B@,IA+RQ9NT-`AXE&O0P8J1`@3-&SA@P<&;&#!$SWKPQ
M(%(D`H<GGST3PQ(!&`XL8S:`D`+!`0Y@E-WD8$59SY\'K/`4RD%(NR](DR[X
MLF#!!@+'K`282C5`A*M8K[9H$6&K5Z]2A(B0029)D@IFTZI=2T)MVRQ)_P1(
MD1)C01JU302D^/!E@`HA`@04$;*@`AD818HL,&&B18(;":8U:`8&B$0$1I8L
M4<"YLX**!3QXT+C1@)+3(K)=JZ;2IDYE.(T&M4*[MNW;N&E8H0$AP9<,29$V
M=0J53]6L6;E^!;M52O,!'V!4:)*V+0GKU[-G3Y*=#!D22#Y4`1'C#80G*MI6
MP#<#0XD;-\`@D/'&`UP1)E2L,=*FQ(<9,/"0`DV$];!$!0HLD<8*!A11@@"<
MK2"A`A858("%I8F@H0BKK:;2:\^4($1M.N%FHFVZ<0"!$$(DX!MP2CUU3%56
M(;=<<W/EF*,.,3`A@`G?:2?D=2@,J1T2"00``O\(.H``@P`8S'!=`2H4,1]W
M)'BG95EE)4$&$F`(L(0'(F#VA@(5C(.@&"8L@`$'"`B0P!N;<5;AG19MM.&&
M';+66D]W)'GBH+4-M1L-7Q#F6W!?Q%'<<<AIY54,,6Q%:0P\ZL`CIE6T$:21
MH`YY!P*:VL%$%2>`T$())!1)0A9#FM566G7`958379)1`5IOJ&""$3\*``$8
M6QU@0@EG>-:9:!Y46)H!>VK8)VL!'`"&$*X%0.BVM?'V&XQ,R6C<5)'>V,*E
ME&J:*0A5;/H$$MFYJAT%)-!;KY`H]/`%$TS4L"03)^C@@@!2RAMJ=C(@8-9W
M:R4A1I(P_-65$$/@-&#_&PN4H)EF$:X0&IX91LMAGU-],!,'057+K8D\(;K`
MB[\U6ERY..(XUY(XYXRS"R"8D$(2%-"+PM"MHD#!T$<?;?301@@1@[\NG'""
M"W;4P`0'*AA==)%%:J$%D208(0<///2P5JX)&#"`"4"4D)H!"_27@!(M*/'!
M`CWPDP"$RE+H+(8BCWS-0C?<?8"V4TDUVVS;IDA8!HM^(:Y5-U)Z+KHQZ*SY
MD@A\\<8'K0H=M-)&CVZZ$3`8(($'2_(,`@)/))1`#UPOC4(1'SS6ZAE"W"$$
M&"6D$>L-<AU01!A"#$"7%6WX'@&E4A0QSQTL)&`"?'F/Z;>%>3X;>(<-\/#!
M_^&)^Z?MRK3QI"AP&3AZ3%=?84YISIEOOF0-`R0`0@U?(&'Z_P`<G0"><((:
MN,`#!L1/`V!``R:<P01O(`$.ZB6#V`E@`"48&D$.<((!/*$)1EK``&(`!A4\
MX0,18$(,!C`$&!S@<E*P%@PPT`(AL`,"'QC"'0BV@L[<Z5EZVM,`1O8&`;!H
M"$DZ`!"$D#+TT68!$/A"`H`C+OA=3G[UL]_.0."!#W"@@`DP0@`!>($+!.T%
M32@!!_<'`CF50`5,`($+$B`$$PB`!+^:P2!:E`9ZI>$)0[`##-H@`(-=9P$(
MB,$!!LB!'L5`!,,ZUU?H4C=J[`T#$(!!`C1F!#LUJ_][(1.92)R!@(@L0``8
MZTD3N<6!1!%ABC([QJ3DI\6=N>"6^P,#!GCF@C>`P70H>($PAQDT,X[N!60H
M@0MT0`<PF$`&;;B!"^APAL7H0`P]2$$TQ;.`%`3M!D5X0P,,(`0(E.!K0DJ`
M")C4!A64H`I5H%0`Z':IN:"+*UWA@`!4$+$2B$%9/P2BGJ#%IVL4`08+@,$`
MIO(:$MF&`[JQ0@9X``079:"*5\QB+6_)T5M*0`E?Z&@!,("")ABA!S!XP>B,
M>4:6XL`$+F!!@RCP!`3(\002`,$)8F`4"/CJ`W0X@`I4:H*[*9,)&!`".K73
M%TV9C%2:8@)=8E`%*9RF4L[_J8*E+@<&"+3A"V"HDV?^)E""ID8$+%C(`#``
M@P9\H"JT.1_C,$!1""R%!QOX`.3<QX>,:G1S'0TL$Q;0@AH85@(U$(,0BC"$
M-@R!"S#H@0GN\(0WO$``2'B!,5'PA`7X[@TH@(`8$&C8TMY@`"=`0%%!8``5
M!,T(;O.`#FI0!1,(+UXD4*@.],&B+YQA7?#DD5;G<KD(T.U<$>``$=H@@S3T
MK0#;PQ`016!6:2VD<SX5PP%L(E?:'&`!1*`'/5RDUXL6AU+MTI3]<"E'.;H@
MISP3@!@0.S7#<B`!0PA#)O,#@V.YPPA#4,$%A%E&)&AAF!<P`@^*((``U`"Q
M!I3:_QN*Z@(JC0XR`JB!#DZ`@27<8`9#&YH)Q-`D.XB@!$,X0SPSA2[BUBT&
MSJE4I5J``(4(X`83EH\">NBQ@(:LNFB]!@+X(H0&+*`!(_I`3^XF`!K0``-0
MQL`'<L=73JE+9[P,[)(DP&4)'.`#'G!!#1A0AAITT0".!8,2RDDV(3P!(@D0
M<!DI4,8R:C;!2.8!&&I00`E$S04BD.(!,:!2"J`Q,ER$(!2SUJHWT$`**5PS
M#Q!0!5-A2@?'^D`B9VPIRVU%"0GX0$1:!(,/',N='Q"`L\KZO0XY<T4-L,P"
MW%`"B#HYRE)N7W&DP(1EJC=G6>YHE[E<O3'[&<()0(`$[/^P@``40$(T`+.&
M76"%'KQ`!DNXLYV%*02I*0"!77[OU`[0:P]P8`;`O,,;XCP#%3!@=O9*0!L6
M6`(8<&``=*!#%9A@`!U$IP<-4/.EP!+CNGW:X#7\`@1NL*HWK+JL0916AU0"
M@SH>@(D<L/63H9R!#_!5!^/9HNL"RU'ZWC+9QKXE`R*``3XS0`$,X/)[)<"`
MPXIA"EJPAP^T;6<5C%8"!>S#L+ML0`EPH`>&'IT8)/*"MA;0!!3``0ID`(,G
MN(U)N^61$FY"`QA\N`WVKIL2..T<ORJ';L:U@D^C"W$@"VXJKG$-2S+NY+I+
MV>/%:1*3W$ORF;]WY@P8&`>X'//_]W8!)EQ>P8-/$'.AS_P(&/1I`I!@A)W?
MV0$4N($)D)(VP@\[\!+`@!$(/#HCB'BV'L``$I8F!@&P[@`]8IT2>F"9=G@G
M"4NH$A%ND`_F<%HYRKG*`7B@`A\^W'LB$[*?7I-QC6\<[\<PP`&8A,N.;CG<
M7?9``!+P7J'+7`J^E7D-O%^#+FA``GWHP_DY,$@YV%'U#J@S"HPP@QY,808"
MX,#,NQQS"1@@`0=6:)ME`KWF`@/P!7U$`EH@!E]0!'=@`INT25YW`T_0`S,@
M!$EP!FVE`H,`!B-4*6-W7`@'/Q$@`LYD?*`T7='2)Q^B$\UW:T\&?7Q0<?TB
M9@94<C+W_W?9]P55L'\2<'X#<`=VP``:4`94@'[HIP']QP!4L`)4T`=@H&E]
M\']W]@(F@`%0@H4JL``L,'1\5@,%@`"S(X"%9@(#$#4=Q%RC0P9:D`0]<`?]
M90(P(#S>H0)M0`)IU`-D(`,W4`*1<4]?845<,0#]92=XDH(1)RV"0TK/P'S.
M!V67\!1M4%@>@%,R=XE#QV6I=P`^B(0C<(#SY0%E(`$CD'ZF>(I")W0,P``>
M0#`.\(H"(`+G1P=],!XAP&5](!I2,V9\9@*T4V?T`E-HJ$3H%C1%0P$JT`)+
M$@"#T`0HH`(WP#`S\$9WT$X+(`)S$4]2$$^T]X`"<``1P`)/P/\W*(B(B5A0
MC-B".U%W3_9Q4K.+19>)E[@"0^8!2.A]^.@!,(``5+"*1XB*IWB/IL@!)M`$
M#F`$'-`'-7`$(S`"1,@`[[@Z4L,L-<`!=Z!9A88!++`"HC$`;5`'HQ-,1F,$
M!/@O0G`#0F($=^`C0@`#;V`$7]`"O$876D43%(%*359*'-,Q(,-J*YB.KK&.
MMX8!D4@`"V!8K#,UF6B)0"<!(I``]HB$N,AE5'`"*_`!3-"/*U"*`-F5$M"/
M:X``A.8`6'@`'@!ZA&=82N@"1\!E-4!';4!G%_`C3?`$7V`%9T"(BW4!3;`$
M2D,!8M`&.@4"-W`'8$,"^*<#+5`$N$+_!LD&8U05`TK@3$^P*TN`4D:V,8;8
MDP*5?'ZBCG1W:U469IV8B4+7A..S`J:(?@'9!U"V`C1'<PS0E0`YFWTP`7V@
M6C>@`A98`DVH`>?7!Q)B="*@D`R@%UM@;0Z`!"500O/W9B=@``C0`%I0`B4`
M8D'3`PN@4P.P<"A0!W5P'4;P`2"@!`(@*PM@`#"V;W,1`330!F(@`Y:IF0#E
M8RHH1![2B+#Q@C00B7QP/P]6FETVD*['E>G7>.G'D2(D(;9)FP"I`4)W!"'0
M!TP`!I0E`U,``B.@FK$I`1Y9!%)`<S"0`D6`D?CG`25$`03Q7C6@`OQD-V<0
M-'=P!C@#`U/@_RI%4@>!\0$1Y"6/J2F8HD(1((<JT&[0F"!!$`*=T6/V&4KH
M^)F.:&M\54[*]F#R&)M]<`8)P`3IQYI]P`"XV:4>D``+H`0C<`3]V*`.*IQ-
MN0)*J'X(P)LAVGCT^",W(`<+<`"UN'1-<`&?$P$U1S#2@UH0*0`PX`$L(`!U
M`%L\8U@ZD`!+T"HD`)Y:<`,*X"IUL"^[90?HI03.L58K4F0]@&WUR9E.^J2M
MX8*A691;``1O<%A3R9H.204>X#DT!Z%?^J;I1P7].`(+``9-.'Y>NJ9M^:4Q
M-P(UL`('<`=(D`(F\`0P8)T#X8<-,`70"JU&X`07<`,IX)(AH`1`X/\@,.`Q
M)V`"#=!,#3`#0_`$=*"+T>DY=4`TAXF'&"`%(*="F;*-+B8%77<':;"3*'@A
MTG6?BPBE^PE1?(4$2=`&0H`J`IF*N/D2N`B03RB<5#`!1M!YN(FK:^J@*R`$
M<G`#\?<"P51&3[!=0T!\9J1M\7<!M&=7.'`!*A``708"-,L"M(-D!F184>,7
M1!-B\O)`2I`JZC(>@.@<$7``#;`9]'F(%T*PJ*J?^]F?Q1&S*=``3!"57LJ:
M!UB*:NJ52I"GL-FQ9)N+7]`#6G`!#J"MR/0"=]!80"`&)3!Z%-"RKZ@%`N%8
MN]ERF5@#4=($=\!GJ;(_1W<T6S,T$X0"_`#_!NP2<DR2(Y=R&MUY`TQ;CL=W
MJHN8J@?+5VU0!`RKD`-JK+GX`5VX`@B*BJN8?@=0`NF'JQ-;M@%)J_HD`&!P
M4";@*770'QS``*M;@2U;1DW``]8S!`U0!`.@M<=6`RQ@`D6``:2%4R,E1D$#
MM/+:!#,$<HZK+E,U<)YU)J5ZN:<Z<5*[$_ZI#G+0`+*)?@\I=($1NEVYBB,@
M`5]P`[()H:\+NZ<XMA3R!C-0`$;$!25@N@S00TOP'A[AHBH@(#``!B?;A%=J
M`!\P9F%&8P,@`)M5.C]+=38%<I<67%6@!(VX%0%@`L1'GY;;F4#&@D&9<7PU
M8"\0&1Z0BNGW!QH`_P)@-@%?N:8Q%P(B@`'J9YOWVZ7#ZJ!+R(0Y_`4I$(MG
MF;XIHP0KP`0%,!48L`5/H'C>-VSO57-.Z1#T4"^%%I)&,`4'=0!GX#I%NV(F
M4$XBT@`IH`(I\`1,*U;1-;#(]Z3+YX+^*4P^0#Q7C'X-V1<XW`<5"Y"LZ801
M``$'8+H<2YM#7)N\.L`"+"%K(`"306:--P&J^0>J2`4:("$J(``AT`5][&<'
M)`%K<`<J0*8I]L7`I`(?H`1+HL9;BC-!2F,E(!`%,)_B`+";:8[GJ,*OP5<M
MJP48``)<=HO"20-B$,@Q][6[FGX.*0'Y%[]$B+]KJIJVJ96#(`!4`',,</^+
MLGF@LXF+8*J:`1F;4U,$*H`$ZCI4*U5H+U`$#A9Z7W`'.``9184!`:!WE)*T
MIN8V:5`!&R/'9.63=DQ*K^&?K_B*&(``L$ES4QA2IYBZ`#D!89I^'P`&Z3<!
MBVS-C2S$PBD&'V``UNR5V%=S"K!/%#$$-R"79"@`^U,`"R=&\V="OX,I5B55
MEH,`=V`$;+*3SN6T!FW'XZO0"RT#&7T"$R`:"1`#M>F5J*@`"4"*':#),WR*
M5IW55EVV."P!$E+2J'B/^D!S9:`$S)L`,]"G<\92*OH!;((`TRMU1\,88G`M
MYD2[N0.M2-!6;_"O`-ND=2QQ0B:U1KW0+U!$9<#_`/H4G&!M!`MP0!JPU9)]
MU5@-NQ-0E?\(UE><BD)0;V*@`1]`/->24#/`<\8D`S/@E\#$-4TP`Q!`G0IP
M$G=Q%KLBGR;,=A#WDX.=T,6QT`M]`5/P`6=0`@C4I?BKR0+P`<()G*CX!\[]
MW'T`W9H,W9J-OZ&[`N;9`R@V!/BW`F?@?V%B`DBP;<:4)DLSO?)*$5GB)6FQ
M*^X]T`HP`L;WM+DMV+NM#(7MVSX@%E/&`J7XT0`YW7V0`,L\`A/@W-']W`J^
MX`@.W1(PW9.=H-6]FJ>H`[!!`S?``;"YBQ+``BI`?W<6=1%!!L=4+R%6-->A
M%FCQWOX@Q]O3=KI]W_F]_]`^`"P%4&\(8-R5W95_$`1?<``'SM$,/N1$KM5;
M/>'O:YO#Z=7G!@9K<(2BP0&MN$DEH%E)P!C%2%0PD"QD`+37<7MF(9^U339A
M52=,"N/49=_I>`!$T-N^O;9J"QD"@@`0&K]_@'X0GHH3>N"^*@)4\`<7.P+4
M7>1$GN`.KLD28-&,3+:K"*;HUY8,L`9?H*(L8)4:X!Z3<08(8&T7H`7F>F"C
MTP3N=+L?I`7RPB7MC6V.=0?GX;U,2L=U/"V-..-KZP0VX`,JL`%#($+^"'.L
M"9R:/*%_P.>(1`4C<+&$GNQ#'MW,_N`3WF5+GKJMF&`?\'(,H'I-T`.?C`,A
M3O]G4T=YN!,U2@`#F50DL%4"WJ$0M5T!3Y``$,`!L68"&'%`OJPA9B6^S]#F
MQ_#F-([KOJA:)@`"$[`&7?`'(6#P?1`""N_<N.D!Z=D'QZ[L$J_@,YS5S$[(
M94MXZ2<%;Q(\MS,`0I"7)E!G+DQ@FG6%-"``#Z($XE8#JE4"5B=J=4`&;6`$
M[ET!;_`DY91GJF81+N"3083O"$#K\><$#X`D:2P"7Y;CPH[PMWG@PSX!(Y#<
M'A`$%DWQAC[Q%+_L%X_H%$Z;\:L#&N`!2JA88F`$#E!!&&"&&'`#:HL":4#R
M&%G%0(>&!Z135E,-+E`%&"`&NF(6:5(!J,,"/#`$*U+_`CQ04P++:D&OPOK.
M!_QN`P]P`0_@`&P#`5*PH0F``4P@Z#2L`1UP]5'_!R,PTH+^YV&ZX!6O]1.?
MX)2MXU]98T\@TB*@[1>@K0GF`"C0#R1P`2^U`#(0?TUP`T9P`1_`D4SI9SR[
M)*G"+SV=%G"Q*W=`+FX5`"W95AE!&CXY1.);V)6_MCY@ZP\@ZBHP`G;P`4[&
M0!Y0BL"I`5!_]7WPC4GZYZQ_Y/4OW5O=R#1G`#T`"$4\0T,-9!<^%PX^/@Y:
M#A<7*F!%+R\.*@)%%#TE'PP,$J(2-34G("`Z.AP-0#`5261)L#<\&"T1'S1*
M$;D\0@EG!0;$Q<0BR`/*R@@#_PA$!!M\#M35U$Y.#TT"0D)?+#-/'@A?!PHC
M?7\3?QH3$QI_+%\QZ^M_?>E_]_K\_?[_``/RPX=/`L$^!D5)&:>"FH\'UJP)
M$'!#T84;FBZ\0&+BQ"A1-22X`%%#AX@$`EAPN!$+5@45);ZT:''@"X0$$0(H
M2U!@F+%BR$0,$+H,`0(WT:8Y@%CM@=,'.!H@X('`#H0G.C1X$/!!C(<N$T*X
MF]#'G8`($ZC\&;'O'CY_(>*&^-.AW801(:AH:"=08+ZWZ?IH*,N`R@@#'QY%
MC`A#!0Y(%^JH*!*ICH!2(D&Y&$D2%:H8$884N=%#01,3'*0H4=*"10`A`R(,
M:"6&B?\Q9`9$B!%S8%G1`-"D-7U*W$<")BD:B!%2@LFZPQ\^()@09'#<"1)*
MU#C"?5W@MW#CWH.G3NS=LGW3^Q-,MD^`(AC>7%ILS0B.1M5>H*@LX(P'!AY(
M$`H(FW&&2A52P`#!!PGP\(0)O/2"2PM?8!#!`4`(,40;8)3P!`LB(%#"`-XL
M<`-1S`2`E#1,$?<4-4U\`(,G"7P0P0HA=-&%!BM\,*($:I'EP1-6*+&&`G.Y
M!9X_\(`7UQIKN*",>GXIB4]:*ZP`PQ:,T!=1))!1`Z9&)@!1F`L%G%!*@0;J
MP`0/,(`0`P00T!!#"W=&T((2(L@40"\TO(8`!MT`L8`0-'#_($0#&/30!C`(
MO!$<'\11X]122_G0QA`0I"!``@C81580(ZP@``RA4G$$%4JHT`8,"[!EY5]O
M-9F//E10\0$/#7A`Y9(`!49%"!(\X>6QD-!W@1-33"?!"B>HR:9G(!A0E6U"
MB!%##'R*,--,"P@@`A0Y_1D`%!@$4`("?[8!Q!<P-!!```F`NJ)2+C[@!*8O
M-%`$!/#-(``\8^UUQ`1,<)``!AZ,D-8(`R2@P*W_$`278*6ZT(X$`U795K!]
MY,7!$`[\@&PUC.!7320LXP`!!FMH((%'HFQ&;14QZ"`%`D)4T8(4>((6(0<0
MB(%`+TC'IM.?9<IK!016!'"H"9-:_^IB-DMID4`*0Y0``0("L#4!`WNY-1<(
M!WP@``(KC%#`!Q/W5:M;9+$`0P+JE`4LQ?KP':P^(#RAQ0,/G>R0-1:!"<D,
M,`P`BDBB$,B9#B=4H<K1,4@!]+8S(8W!`D\<\&=.O<P[+P]4S2NZZA#PD52^
M3C7B5!T\`,%#"6%`8`);>Y$7,F`K#&H"&%5@$'=ZJ[WEC@LHX16"K1]'_VL'
M+!3AE!,/7<K4R?M^*8,0!U"Q1D@UC\29"ZHPH4/F4F2N1)X1\O+!`A;.6_J\
M3\-@^OX!?+#!Z[!SBLD<D`(>I`!W0"B!K&XU%_#LA0%]J,D00J4C#<CE.G$9
MP0>$,((1[/\E'1I`!SO(TS?Q*"D@%,M5%T2$!!<M97N&HP\92K""/H2$"J.P
MF6=T@`H=((ASW]H6TGK!@0^P("<#@(+]/G"'#_!O?_?*UPL?\`.GF.`);4B!
M[4K@MWX01"Y]&($'P'"'.PQ``CMB0`7+0H4^,$$N&NC"$2YHPK\=Y%;H60M;
M0M`'$]S`#Y>:8@R5Y8`ZW$$)N5J!*2*'"AU2:UN0O!/0OH4T<@S`?KU`0`,@
M$*XGFBZ*`:3B#U[P!$(\H90TI))XW)&K(R@`)@G@0`OTT<&](&D"'0C+\WK'
M2Q*"[!_NL-(1C-`#0.KKA<B"H9?><(,:4J$,-?R((Q\9R6]1,@+_2F`!"Q+0
MFZ31`"7@>Z*B.`!*V#D`&P[84`G:P`,PF&`%%;.8.NP1EX.Q0T=G*,+",,"!
M`;C`/!,XV-CZT4M?\NV.2QI+6C@P@Z788(H0>5$@8X@"$]!@**'XB`0D]\C/
M1');51A=+QCD1'/93W5/_,`7.+"`_[$HE#]P@A:$\(1!\&`![XQG6]P1@@YZ
M<"]=8,`$3!4`$`P`#!A(*@<0H(1TT-$\(_P+"N_(#U9280()D(%#A^/"B"AS
M,3@X@QA,,``Z:'1:U))3-;GEC0]@8&&QZ<4E3_I$!-0K`"R-`P`#Z`0_R,`$
M!4P!%AJ0T[_I0R[ZB*,N5S6"!?CJ'1I8_X,'Q!`=MX)!#!'@V#["^)U@NF4]
MWTFL3T<`@\$]P`;=JY2EK#91+Q'.$7<@FS0+E-:/WJD%""C"`I`ZE"&*5#:7
MG*L5Z#>OW4ZJ4E0TILG,X(04<,V`"E3/7M(R+'5$%BP@P%M<TA%0>_X!!$HX
M@`E@<#<3#&\`(-#'6/K&7GF6!3OA58$)/@"!)C`E&Z&<Z(NN<2P9T#"':*4F
M)&<B``@(X8A#E`W2/*F"!:S.!!@80#E=9,P'^,$&*N`!!+;`G/\<H0P:8$"2
MUO,'$[[C"!9DP0$NQC?Q(,0%"SCJ1(I@@A(D@+P+@-4"%I""',^H!.85P%)9
M``())*`),46M4_]L\%#6[O>K7D79&\3@@A6X@`XN",DT/3-@/.$4%TH@%X++
MI9.YTBL!^Y/*`(Z+S!=6V`].0,+=?,"K#WB@`R"T1WI.S",!,$&522+6`M*B
M4'[DL@.([@`&_IG+L-SC.E1@0`]FH"^3(3>`K(WA"S#`@L>Y@`$UV+):.1<#
M$2R``[V(D()-(`0!G)0&%5K:O(1P`PGOE<(6!N0/&/<!)+0!R`+8T3OTO.=V
MK"`!\%1/'9D7LJ<>A(\A6'0#QP)M/AYA!C?X0>&<X@=D2C&&RO2O`/IP@A4P
MX`2BKN;[.(`!5>.B%PEXP@+.U3]NSLO,0GC#F@$(T:?XX=\/N,$6B%#_NP1^
MX0QX\:QZ3NR!!5"IQ',A"PA,T,NQ%70OBQ[A7FJ`"E&T`P$J($,:TI`-;.3W
MR?M%E@D@<``Z!`C=!A+P3.ZT@!(<0$)Q/8"#`F`%&*2+S*;+MZU95&$+&SW7
MZ?2:'(;@*19\H(9W>?CSC@"V.@IDE7^H@@`@KE!=7E`"TJ:.!)C`A""`(``M
M@&`(Q#"$M#4A>]H+9::-[B4GW,`$52@%S*<9@U'C:29*X`"\#L#47HA@@YPT
MJ>DN>8`8[_NEQ`&DY`&I*=U.(0Q4^8`!'NW+OGAP`L8CB[(C_H=6:?SBO,0`
M"#X(`A+8P"(B8,$*)M"%-VC`#BKP0;=/[L*(_T*Y&F((`(`6*9*8]SV2[8N`
M%/0$`R$L`,$T28`5CC@OUT"1K$/G@S$![F_)FZ$'16B`'+@FA@2,`"Q]8,##
M'?:'T'?Q8A]$@!BH"G&Y\%3UZZA"%K(`A?X?@0)6H`-B418C@`%I<%J8`E%<
ME5_TH0*.8V6DD%8"QCZ@,1,84`AKLP`W!C[W8U('@!++<%S<!G!^\`/_]@-F
M8`8_8`1&<`%%\"H<4!UB\W!#Q008('H/]T$]$`#OQP\?)``@X`Y*0`%0<`5&
M>`59$!LAPP\#<`.GI2_78TS8@$Y2U"(0P0B*X`,E(`(9Q4@QYU';PAI`E!-B
M``$-\`41P%(W)QN+%_\Q&)`,V?=O<BAY560#/_`&`O`"/Q`%3B`'3\`3[,!=
M#R<!(<`!`D`=#Q=5*N`"740>B*5Z"#&$5S`&E#@&2R`"`:!9^K`&)D`&48`#
M6O`0W4:%5BA(70(1580?V_`?,@-@7^A107-;8*8,":9X-2$$'R`41"&"<LAM
M)@A(ZV0":6`#?J`%X>(P9=.#</$'-'``.$@E/SAB!%4V]11MJQ<$`T`">U")
M8T`!@:*)^H``-S`#"?!--]`$35`R$(%?3D8XA6,#3-$(FD=N&>4"Q2>!8'@G
MK'%-"9832C0``K``;Y!-<!B'<WB0@`0#;7`53K!K8B`VC@B-$J`!#*.,`1'_
M`B8@-V4S&!A@``I``5&0!!2PC1F0!0I``RT@3Q-0`D/``4<`(`-``T)@`BI@
M7]:0:X!D*4RF/3YP`V*P`@)2C_>(CY'T/A*B)[XE5VG81+$7%+XQ*0AYD`\P
M!0WP!$;@!TW0!G?P9XG8#W.!`>K0E8>5`&6SC*?7`3?P`G`0D@=@#A6@``@0
M*(S8%AHP`"R`%W-D*@,`,0)@'R_`"*/H!UV2/0_E%!Q10^G7A1N5;ET&&K+Q
M;DE)+\/3(?4B;_JF#%$DE;TXE0W0`P_1!'`"0F))%UJG-XD(#R$0*YVW66NQ
M!$F@;0^0!"/`!"Z@``I@`#2``58``DNR%[F2<"MP_Q+PH`%,D`"38!0H\``7
M(`/$E`E:]107@"H'H5$<55M`]'>$<C2UJ#!@(",+T(QIXWC*`)52.8(.(`@J
M\&\L"0&\&99=R0#2@6)6AT(EU`!R\P-Z``<Y(`DMT`4Z,`(.0`)E4`%$*'SL
M538H-@*YP@`15BJ$%A8>,`!W4`0E(`!@X)$'(`;9HVTXX$1]$$V@!F#XZ'<M
M4)Q/\`'O-@"M42]O<`8^4@(+\`4X=2)$<2]1:8=.8(=;``%O8&%-8#M@X##K
ML)H!H0%'T`82\`[S&2QW,0$@``/$QB1P8`$H$`0A(``I"0474`9[T*4B0`$'
M4`,5\QQI,2@:$`0#08A_P/\`$U%B[^`P*@"/_N8#$=8'.`24H1!@,J<:@A=7
M2/,%*G`&+G`&9W`,0>&4CZ=]"(FC=J@&<L!M6JA/.X*71/H/%E0"UK6D8WH/
M+5`"49I8&D`!#T`!%5"J-[`$9*``%W`%&9`!8Y`!%'`TRB@!'Z`$T=,!<:$!
M-'`&O_,'22H`C+`O^A)G*A!I`+(9D?.*GS%)U@1FO*`N/5$`9P`V@:H$N8$B
M!GF0C/H#2#`$%.`'9@"/,P`&"F!=1@J-!K!U@J&I(',`8*"I"F`!%@`']*H'
M/A`%>I`$J\J-8`H%7>0.&L`![PHL71`R>X$.[)&D8G`#V&`R)N,$*B`"$O`?
M'T'_(".:.;'8"^2R)Q>B`CWQ!C6"`3(J`M>*(N2IK3%5@CX``5KP`U5$0`,P
M>WIA0=`H!@-@I>T@C0(Q70+05'ZC1GH0!4$50C3`-@&0!-L(`&,`!15``U+`
M-WKF`C"@L_I0L+OD66GQ!RM@`E93#48P,!)P!`)2?*(F)^O#+?MXE#DA`..P
M`-H9,6^0#'"8F0A917+X=MSV`D.@`KED'5T`C7AG03D+C>Z``6@*$"&@`#D`
M!TN0N"/``1PP`8%7`5E0!EE``C1@!37@-W=!!<'PC#YHL.X`'H:Q=FG@`W5P
M'TXA"6?01O8HHA*8,^VS)ZP1`2P0(>(E!E_P)TJ3`#.`_PP@$H)),7F+"H\_
M0(P/]0-D(``/.5V?"A`:T``#.+C211:'2*0A$`2+&P3#=@"7H01N4P`*P`$9
MP`$QH'[^P+U](`8"P$?^$$P`RQT:H!;JH*`L(`=%T`,F\`+=TP1`A@&S97Q@
MV*R=$P$"4`(@NX9$!`.'.A1"8:-1*7G&JVLNBY4P4``AMB-4`@(-P+UQ9)$#
MD1;7"Q#K0`U!`!8A<``8(`44P'][8`X<D(EKH+/I8``)4!94VS=D@75]0P4>
M,"/Z^P;[@CU-T``#0#YDVU$D&D2X$`!M4`!/``:DDS9?4`(]T,#C.;P1/(<C
M*(=T^D_#DL/_P`00,`(H1K-4@O\7;%JI@Y$#%I`$@_$'"/`!(.``!]"E-.`"
M26`%)X#&`[$"&(``?W!5HQD82D`1/N"R378#"(`0Y5.VMI4GN#!6<XPT!V"&
M"7`HQS`4`_`&$+S%_\9D\`AP9&`"ZQ`"W`&-4H$C[/H/"8<!!=M%'7`!^5D!
M\SL`<),%KNJJ5^`$YDN__3`"E&5![S":?7,.3[`%%-!D%_`$/<``9>"*KQC)
M!;R%\E(Z0Y!4:!AC;R"00I$`KB,-H"R'R$L<1L`#;P!9?[MP"M``'T`P70EV
M?NR5?]`%(_`".5`!1Z`$'Z!_W'@%WA@#Y.%9!<`38>%!QGP/98``$-"=#7$!
M)G`';9#_?N2CIP,\8+-+DU(<``<@+_L#`6V``!O2!FWP!9\\SBZ;TGYP`T!@
M``3QO,#4!VOP!78`%J<)`AAPKO^0JWM!`?G\-@=P`4D[!BAP`%90!6N@<3T%
M*G^0H.Q@S*A<`Q"D`0C0`S@0T@*@2-(<NQ\U$^VC!.L4`32P`'=``[Y51!6Z
M*.2E5^(\SB6HTB^``RJ@`B%$751"%A09;#`=$"*0TRAVD;07!!0`!R20+@CP
MEDN0!4KPC4G=.X]+`VQA3V)AS&'4#H)Q!A`@``U`EB_VR,9W?'=RG2U``PUP
M%@N`6:/#/S*2`#15`BZEJ&XMP3`!$V"@!*#;%\1\`$_0J^E1_Q94[=>K&4?B
M$4*#W0-*8!0#<``T$"B\^;>]8P!?4`!A$1;-EM!Z<S!@(``N8,,`,@$T8]&C
MUF6X0"A_HC8BM7BJHRBQ=-);;(+$Z`>.D@(]<`,'%D<[\K=I<026FA=*<`=?
M8*=U?<HYO+X8@*M]X;X61`$RY0`40*H<<``@H'YS439X=UB5VI7V$!:,6!@J
M$`$U@!T&`=[4O"=$$P#;Y'PEH'AF=H8!``/A#-N@;()1T&TX(`1WD`!IL`4"
M<`0K@"0A@"..]@\,P.,>`#YW`74[&P1@0`-=(,8[704%4`?]Q[0`N'HE-D)_
M8`(@G-`ZO-U?H)C@G8]Y$@%@D-E"L/\@+(`!-(")<\5X5W'F;`WCL:T-I=T'
M)>`*"``">?$.:X#0<#&<7=!P"A`$A`S3%B0`-##/?>$!4I`&8G"$`'T`4/`.
M(#086;W77,X/?$0V,!!-KDB4I"9)4M`&-:=J`2`OET0Z$2,(P,#>XYQK6M`&
M(I#";5`$,&``%B14`_6^[!!0;`H#+M!&@]R(?R!DBBX0$M`"%9``W+@$EX1&
M]F!!-GOAF7Y8@L$`ER5;7@CJU303N/@$<D4N`E`_IG,`=]#-\^+JL6T#,U`"
M+E#L1J`""&#&JN)=7JDCW!$":V!SCF;HQ1XJ3NX/91`!"C")E4@!,4Q[`.LP
M`Z`"F%[MF\[_`"Y0`@#RZ5Q=35)P`&T'[KXU;_L#J/S$<Z\=VPAY6N$G`55M
M`A[PX7?10<#$4W'1!8@!3WMMZ;@>\%[$`@B0!@9?!DN`DF0C%G4M`117[7(S
MD3+S!4P@319[\:$]WA:BFPD6D/WT@0+P!AY]`'%.\E+Y`S3VH5?_!$*@`+-7
M&,#T84'5U-$V;D,*O7V``2MP["AT`C5Q"!1@`!@0ICLRX0YS`IAJ]`(!L!]Z
M`"I`,R+1]-993;8[$QRP"Z63$^2PD&)P>/J#5R_.]0>Y+Y=U!!B``R]P8"[0
M!70P>PJ'6/>P#AX@,9]W4(6[!,"L'D+E`0VPW,M=5)J>)!/PPP^O_U[<1:8*
MAT*;[@$,LR;VR'%.SSD1@ELX$9E/\P1*``$[&``T</F8SWT/\`(0<`9,((Q/
MD`)@<##2R!YZ)O1'('C(R+GMY_JG>1?SH"=58!"WKUZDM>7]`-,USP`]@@"B
M(/'V"`@@@H,QA88Q+2T1B1%M$8\1`1$#$0<-)B(J"0$#7QL$&WQ^HZ2EIJ4/
M#S8^/0L#!0E-13U4#!I_N+=]&A.XOB-4-1\<1[>^QR,8"E3&Q\Z^O",)$B'/
M?R'5?Q/23-;>SGV^$[W/?;L,*WT<-'T2-2`N(.^",?2%+?>/BA$-D`&2D;Z(
M,2!"Q(($8A:X`27JE,-3/VSX<5)"@`8.9/]4`-$P@I>V6^,F:&@60N22!"&:
M.5.`8<2V;\XT]!GQ846O<,>P':,Q`*:S<;M"AE094X,"!AX^>'`G;]X@>XCN
M[6L1`((_*/\PE""HI.";!A@6AGI(EI23'VB;/$&`P`B%!@O`B!C1)XBN/T2+
MF?OB$J>S)1BPN?2)*TB((!@\9(OI+(`8PKBH4`FQ0D&($=6"Y+(F4H.+"2LP
M&'CGPNE3$(>D*CK``P$E2`MX-#@CPD!7KP.(,"S+&^V#&S`0"G@@IT0`,"82
M)%`R@<JV/MBP]3K"),$$G<\`7Q\,N1J-,R*+;OX3`0PNO]:"C%.0`,R'#YI6
MP.Q54D*?`0F6NI#_(.$T5'R(1*"$$A\(``-`CSP11A$$B7!;00.(U1!O#D4D
MD0H(F-#`&SZ84,,(=#$Q@``FF(`!!PA4L8)-O!QAP!>3A6/.-8>QU(M'UH1#
MD@8'((#7,2/I,E((,23`!&;CB%--+YAI\$$;9LS0!AHS<*#`"@&$,&,OX8W`
M@`M]>,#!!TS4$$\\]E2AQ#J)X!,`!@DL\,$=!SPR0``+",!";7Q"F-MN%)[R
M0"D](.#"`2;<`$9'QLCHPH@F)B``#6(H,8("7\R533C8:'"&`!TQ,,(Q=8UT
MQ"X:5'/$&A$(L$9G(^&E`0-4!-&'`A((H8)ESOW1T1':4-''=0)`(,<J_V_8
M8(,``FAR1#6SBG33'_Q)(&8"+!AP`$],@*"#FA_$B8`4`82+00`(+'#`$W8N
M8((!\,9;$(02!BKHH'[\,,,!1W1QQA-%`+/8'^$P`R(&9]SP1`E??)&`$!P,
MX`&(=6$C`@U:3D:P.3,."ZTVQ4B0@&'3GK>$`@IHBP$,'PRP`H@K^JK!BA,P
M<$81,SCAARKY.J&%#S<@T.5U)8TC&0-(#;#`%P(@\$4#7YP!1@(<Q#!`<`ND
MP((B'"00P1<<1/#!N_'*.Z\(NHUEKT.#[BN2$#"8H(`VSZ0*&@9]('``DR@/
M,*9R#7_Q0=QOG&&X!X@GOA1_*TC@@@>&GP'#&?\SO(&``.$&+L0'YWJP1"=Q
M"BXX"PP48+@!`MSPPP-H_>"'#6CYX8,`68I4$J,RM>/"?B,1/0("5!_`!`M"
M?#%`"QB`L8@)5E#EM0DL%%!V@V?7N[8IKO_P!@=_*"!$`2%TT84UO%!10&!L
M-4>?^AR!F/(`>J]#@P`8U(_!>_@WP+G]-)S(`0<'&(`!)@:B_*R`"J-J'X@H
M,R+E,&L!-V"=#1Y`AK.@15E^D$$)/-"<%AUA`N:@2PTD<`ML..=E&N"/%$K`
M`BFX4&F(Z)\B))4`$9QA>M03P9_4=KU1P&X41DA`1Z[S!^<,#!<K^.`!!/`'
M`0S`8[B(3M'&$:0NA$__@2#*XAK6`*I1=4H#76B&7Z2A&"IL;(%]<`XORB0!
M&MS``:G00HE><);7^8$"%2B"`$`P$PE(@05^XT#3)$`KR0`%6N;@``:DT`(I
MQ,`@QZ,!#58#@P68[H9E.UN$`-7#UT7$#S,H@9<Z`T5GA,`Y\QN!&*SPAP\.
M"55!LELQRI`JZ$@Q!$?HB`!*@HUG$>R#/_G#%UBP)*-)QI#CN`P';N"#?#F@
M1$98G;*:\`8!/$$%$("!"K:I`A.D0`@S,((`#L"<F:RA20R80'\:H(2HQ*`*
M-"A!!,:T#P$LX`S2FYXFTS:A'L).(B6`P1IZ*9(NW`0;.NK""`1`C!!\8`3R
M_^E=2`9&Q7[=Z$=XN8P&0"4K7(S/&Q,80&!<HJ5?T&4D71`#&"SHA$(U0`!@
MP($9D/`!!*Q`!VQI`PFRT(,G`,P-/G``"EJ!F9+P`EHC@($0=!`#);@P`E!H
M@/+Z,8`#?.$)HLFD)C?)PT[J[`<W:(`8>+&=,%XCF7\(PA$8((`6:`D&')36
MJ"!#O@DH@*-T)1@&Y$,.:U#!`T4@@P/,((,/B&$$!UB!"!HFQ!&X``,"^`(,
M9/"#--Q`!0(PP@R:<($+W"`!*QC)L'S%@B^88`'MC($+8Q"!-WAM+4M;H@!,
M5QMX;96?G?1AOGZ`62&\00%)"LFP0#B!+E"A"WACH/]2)I#+&>452-L0@',A
MLU$$C/89U_'`'6Y0@NV:H`":*6$N)Q"$J[V`#27H01->\``'N-<)3TA!#UY@
MA!2<@+DO8X`2M'D!$XQ+"8U4;0L2@('-L>`1Y8+!#2`P`]MJTGJ=5%9[5;"&
M%]DEG64`UC.>A0&\&%0`8M@.")\+W;O2!3*H6D=)R#>"!92``^?3"HE4,``Q
M5($*:T``?W]0`C`,@`8JF*][+X"#@"9`!6`0R958(`8QJ/<%,)4"@!G92'M"
MX@`)^``+/C"$%#3X;!#";6ZSIP4!**``7R@`$W0PDVOX)275",PUCL`"&"!`
M`\4@<8FEBYYOU.4/!^CPB.O_-CFYLN``!Q`D#1*``"8T2PL_<$`)A+:-#S0A
MJ!=P@/*4\`;YA,`%_[NT#^J`629(H0J-9,28*A'0@S2@`1!HP%8&]&!.=E(5
M-P@`&`50@@1@%=$(6,?_$&"'%7C`!-K`Y1K>(`0&Y%G/N;"K=/-J&.1=UQE'
M*$,)0*"7:N"2"L^ZF@#2L#H']&!105A!%][0`R<XH;,",#8=/,`1#"#`"6GH
M00\20`,0K#812H!""ZQ:@@8<@`4]OH,`VB"&;(%9AV(>LPT2<(LP,D"A;WB#
M&!!0.!9H/'1/$!\#2#B`$J2**,^-QK3S6A(3,,<:(1B3EF8RQ...Q`7>A(`3
M@`8#_XNT4E0"0$%044#A&M"A!B<8@`E>4`0,M)`):UXM(@:DA`@P>A%B@X`-
M3^>@/<V+J_U<6RI^X`,,@"29,P>A%,,Q`A#4%!L=N,BBBE'"Z.1U.RVYQD=Z
M1S!<?%`"!H`?YJYA#+**S`Y!6L,'LQBK`:2@`6:0M`)V441/!;D'F78B(4N#
M`164P`0Z$(0.1K_:2`!8$9.*``;N,`05,`&?9MNGK<4^*",@P!9'](91`VW4
M9"!`"9>A4=%0GB-H86`)6I+`\!"@4LPRBW[V6[T)>,&1H/QA!0*P`IZ!19\Y
M<[@-*G#",QG@J^;\@08F4(&3;=#D&JQ@=R(00Q&$P`(05/_!6TQ5POV4TZ9T
MT2"^0.!ZF*15]#)[8K<LW$%7E<8"T-$%*_`!"R`$K^)1XJ-WA!$-2_`$;0`#
MP9%E-'``_Q`!4F`'-3`3ZM$%'V``QX4-90`B'P0_95`-'<`,L4(P(7``,Q!!
M#V`"Y(<+(`0G+>`!3_`"8"`&)W`"+F`'&&`"0<0$=F`':P8\<<$"2D`#<5,G
M$/!-NJ)F`QA[$&>`8D=QA$==?R!20[(-!00>2)-.-'),;OB&SL$,?]`2N'0$
M=LA<&99$X)9M90!<50`#!?`JXB,4(%0&"A4D=O@LU*<`8K`Z*K`E;#<"95`#
M$7`'/.@":O8!;X`")3``.I!T"=#_!AB@!*;F2!'0/QH"!'#Q!D:@9CB40V"7
M6Z-P!M9%-RCF`@M@`+AG.R%@`!\0$L\R`EW``)I1&-Z`(RWA'&%T!6.`%6,0
M`WU@"Q/`C"Y!!0-0!2DA/HIG*GT```%@A[V4$AK0`<6U`@C@.BI`%TFB#>:`
M8U^@!&L0``G0`P:``C=@;^'R`0'`5(9`=0N``*H'!!]0``3IBC@D>UUU/;-3
M`+N`0'2%`0/`'6ET#2W&`C;!`&NP9?7#4&#0(ZXQ`"`)DH`$2`FP!$5$7@``
M`%=P!0`0`R%P`G0`!6,P!D@8`A<')@Q`!S$X`2?P)2KI'#53`^D4$@K5B'Y@
M!!PP&*,"_Q1?\H]G8`(H<`$OT`/)@0&50@\Z8&IM(@4(,4^3<V8$V84$`8L0
MUD/B!!T:0`5S0Q@.=6?C$$8V60T94@`MH`0Z!I'P<P!B($C,$GU^N0`FJ0$9
M-@8IR9)0P))CP(PI.09Y,).)29AC0`>0F0<JR8R-"0"1N0:MY!D19`,.(``B
M4`U+V0X,``9;8`*I<P%#!0,U4`_X]RVJD0A6``-A(P8FL`(%*99]HD,[%';V
MX@`JX`$O,P[/8G>Y1S!G@`%<4D*^\P5+$R="L'(Y@5#1045]<'P:H'@Z0)B8
MJ9*8R9W=F9+?V9V029X`<)F$F0>*IPT>H#JL(P-"@Y:**`&H6?\"8B"5)B`&
M2K$[H@>;55`%B)`(4*`T"!``)8")!7F0M9:0@?(`),`!DI$J(!)+XH-R$P`&
M+*`-Y%`T,U$9"C`"0<!0'S6=`S,C(7!\K;16Y1F>B]F,W'D%90">+)F2>R">
M,BF>5T`%$J``??@$9F`&/S"5'+$J1[`"7U(":X$"4&8H&/`&-5`#HS=Z_N9(
MB0"@=NDU`?`$*).@"AIF8%@6@R(#Z?@';-@^0;*.0&("3)`2/S)%/F@+'8`!
M!X!RV"$KQG"B2R`2=DB8,\JGY4D'XKD'98"9+,F,-;J8Y,F2>;`",8@.'Y`&
MKT,&8E!(7?!!.C``#5`!2>!:M_<H7W#_`E**?X4@9>UD=4+P>QS0`WW(I?KT
M=66Y-FD@`"!D-Y-Q2\?)FFQ*'\,E%-<@I[F''C6H#2@Z4!,PDU1`F#<ZGC0*
M`'MPK#CZK"O)HGL@`0&`BJFS.K9'&2+`:V,#4]L$!H_#'Q[P!6AB?Z@!H#J@
M!`<0+CRP.1QP!QY0`&"93P3HI0P:*$T`/2XPE%/45^70`'C6.S@A7!UE;_YZ
M'KZP*6"D`=CI*R-0"$<0`U!P`E"P!U!P!%!`!P$`!36PJ'U`L5"0!Q2[!WMP
M`B5;`P%`!Q8;`+OS/P/@`G>%`DZ`FO8#!@M`.B`4C0QP`F9R`B!PLZ\Y>E7@
M-^\!4T`@!"Z6_P(H,Z^ON*"^&2AUP#"2(@8N@SM!\@P>L``>T1=1A%!@9%#G
MTH,PUP>"P#OG=P:C5!(..(S$&`0>$'CT%@(%4`8#0$*:J5"B,AG`$HUI51(#
M4`;-P2EBD#I2A3*XI&4."+A(XPXN<(0$MF90R@(<``,0\"Y-!3=99@(S<"5,
MVZ5?>*\40FK8(`$_M@#:A`#@)0$'^P=*8`*G!%&#EK`?!!T8(`)]Y@M]<'\5
ML`15YP(A0`,]`#\(H&_(P3!"(`00``%("P$+D+S-RP3%H"K1X0%QMU9AE$M?
MH`#G9),(Q$+`E1+-P0&3FD;H4`;64CHN0`/?8P`(\`'(*P0F``$<(/]EK!<7
MLWD$1M"YK5J`H&L*@[(Z#V`&9``J(@$B5)!T2Y0`#9``!R`!,\A<>B,8+F$W
MR41$:24`!D"G?<`$2>``%$`!/U`!`0`"'%`\#9,!)YP!*KS"++S"$%`"N,01
MS'4+5YLJ%[<&7W`J_9*6V&<'QP!"!F!V,E$+([<"/GL"-!"!RJ$A6(8!"S,$
M8`$&\Y<UN*F_]=J;US-!#S`#8!`$MD`7SH$9(S``<@$&2XB:`B`I2E`9$_PL
M%6Q4$Y`8JZL!W.8`(9L'4$`!_\`!"Y`!'+`F+1S(@2P$`Z`!%Q82R$0?(D4#
M/NB#8_P!M]0]&,`$#-`.T>@X)X`X32,".F#_`*>*'TS03N'R!BF096+0`$O+
MJEZH0Z_Z$-(T$3\0O*?4=TS2"SV2=AK`!++EES00,1/SH2`BK`=D#5)0`66P
MDBM9!@;@&'VL`!:0!((<S2KL,#6@`&EI17TEGP@!1GCA2Q.0M1P:11`I`<(R
M+!)P`M8B!I]:M@$0`U^P2*CV`420`CQ0!-XD!"=CQ0[V=1'7&SN300+`0;VR
M=R`D`$Q@2!Q1C,-R*TNP!+2(M`MP$.^!`8MFS1O6`DD@DXZY!TQ@!0<@!!F`
M`"00!4F``=(LR#=K$\R0$I3G*U8$8H.X?7T0=\B&IA,PN&ED#OQQA#IV!G3@
ML_8G4J9V#TP@!@4'_QPE<&;ZG$.L_*7^.Q&OHP(L$*RYP(8FD$7!HD86.*$G
M.L19!%$FL`0H=P1!F`4SB9E9<`!6,``@O<(%``<'<-(M?!`#A4"S0E9ON5!"
M,\'5N5$&P(Z8005;Y@%KV`[\D0`F\#A2*@!"0`,Z<&J,9(H+(`<)($JXJ<I>
MB,7V`L!<7(/8<1,E8$M_L`8RX4M%1`5T@$#8-Z0N,0X2@`%>7#=V@`!9<,PP
MF@4T(((0T,)6X`"`(=<KO``C<"I="R)5F`'A8A]<0C#)Y!@?@202\`%&X"7F
M4!I*\(_6`@(^FP!G`*".1'6*H&,P4`)K4)`$V;35X]3^*Q%^<`&/B!,=`_]"
M$@`#A+@I.*$E(%(%TY>6'$,M`B#6&P,-$P`%5E`%65`!\'0`(%``N]W"-+`$
M*&`%P)T!"_`&(!`_T`=95%L"'T!6,3R1*R`%#U7`&NK$&&`M!<`!5L`"B6TF
MWI*UWE(%5!J@5"@$]GDEYHW>]OJTIZ`LKL,ZP0L2MJ`-+H&+&[H8FS)S&L`"
M<L8EO>`![=&1/3(``!8OP=8_O<P)!T`$$=WE7Z#"`W`!2@#<"P`62Q@Q50`F
M>#$!")",VX#+,@&PVD#:")3&Z%<">!Y01@@"'N"S^#%ZJ<%:=0D##8#/!8"@
MIN.YL=B@/]Y2`3`>P^(22E=2%]CF'],9*P`_*L7_`:?U'LH!.(Q5M)@EOFR!
M`&V=`31``75@TB=-R`;%TE]K4$EQ!FEI#2L@!,,=QAI``U]@77U@`(W+`):$
M=$9'PFH*`D,M@BXDA8.3O^8MEK#8SV#J.A/1`RU`XL,U+#3P!K=[C+S7M12J
M4"$@4A2I);=$2E>T!F%TZBHL`GH0`-$,G41P!C'S9^RH`=?MEGX1)"WS+*>R
M!LNQ(B/'`"/4"0:`A!>^`&)P"%(V`!"8`%1><A"`3[FIZ*U<(:PS"BW%'""D
MCB#1$NI!74O$IAZ6*BL"OB)%1808$FP8+,G&[BJ,`4C0!,X)T01&`U;P>N_L
M;5)D4,)BE:'5.QTP](Z!_V,K$',"8!^A,HS[:NHE0"!?$`&%8`=2D"&"<P"*
MP)592,]O$*_T>L727A8_X`2L$S1*:8MQK"6KZPTC7W?GL22\(%+#0GS@P`S;
M@+22E66<<P`4H`6M&%J^@@UKP%86$4LRD2IVN`+*D92<HB40#T;X\04';1]&
M:FQ'.`!8]6)*``(1H)^<$S:)(.AW"6M/@-G[W-3]:PH_Q#I($&_CL)0;8P((
MM/;EP`%@T-)X,>2S0C"70S?$AU"1D98,D"E54`,*-!(DH`<48!<AD`6=U5DX
M8`29YE[4GPH3Y``X4`<RX`!^`$?M]4;M)0/AY`#33_T^D&EI@`3D_P+D;P13
M(/\)+K25C!0)]:.!!<D$BA[V%$)VP0L(5!-_?2$C$Q,F`8<A(7^/D)&$'`A_
M&I*-CAH:"!@:$Y^(HHA]B(]'AW]?2Y=_(7V074M1>DEP%G@[.SXV>!:_P,'"
MP\3%QK\Y)$I5+2TQ$2U*+1\\)2DJ!=D&V]P&(M\B`VX$&WQ^Y^CIZND/30)_
MK%0*(X(>7PH3A4%_II*/`@'X^8O$"4.0(ZT&1M+4YUX^?T$&H?@%QQ?%)K=^
MJ0$21LXQ8G.`B-QB\:.P)#&:J8P`34@)$]FT==L&+AP1<N;6Z53WX$4)&&T.
M'.GSZ<\($?<V#1KQ:J``)0(56NK$`*'4A98F)"@P2!+_K$$4<%4T,F4*FAUI
M?.'!(H<+%BXF@['!PF9*&+C`T`S!PZ6-L1P@FCV#UB)"CS8*8A:821.<.)P[
M(Y][\$-+FSL@)C#H<FG""C$"UC"@TH>I(Z\"0$156%"#U:N/&&(0T15KHUL[
M<AQ.D:(!6AL6Y/#X561*BB%`O/``TH;+$PM;MEA(,<>"%RP[O`#AP@..%]Y8
MEF-)H1R(]&!+I#0C'`%#`@,%$LN<67/`S7*2(S_P8V9(@R./="7("!\@$`)I
M(ZP&21\8N*"@/ZV]!ILF(5#RD&U!Y&`!#A8@%\8&&WC!!H=W#)%7&%MPUQP0
M:F"!!D<[A+&#!7,M%\8<+G+!_^);;0#!AGD;H1&,#"VH!T61&(2FP)(Q,>:-
M8^/@E]].3OSP`0=4<-8(/U1HH,`'`R2X24*1""#!@Y)H((8G$EY%(0('7+C0
M!$'<@@,>0V!!`!9\H#%`'<$-9\$4&U5W5X=RH,A#&&JD\,MU>."90H[)A8&'
M<&N%H6EUP"`P@!12B!`#"Q^DL8819<BW&&/UW9?3E.O88`,&2Q;251\=]-$'
M"PDHT`<5"C'H0C_^P*(F#:Z1*15#(G!06R2EA."`!3O4@08/6(3A11T<S+@#
M%E-<)P<0U9D7DA=Y;M'&H=9AX85VDW(Q[G5SC/NB'.C.B,P`"\Q6&`9B*+"$
M`BNHZO]D?5&^"JLZ/]11`@L3A+#)(X6<.4`"]&3"3U<A8+#")H7`DJ::&%2E
M["-CCOG5!&<X"_*6H?Q1@89I&%$1'FD(D(:&%JBQW!0[M#&C7N99,`</<[#!
M@[Y'\\!#"CN,FT(;>$(PQQ!M-.T1,!=(80`'7V#PQ0<"+UEPDZPZYNK"Z_SP
M@PTS8'G:0L""YDHA&\>&`5&A9.(W/VM.<$3$?H<PBJZE;7P&!J38*HBQ(Y"0
M`QY-W""&"F(T4=(OF\?%N3"=@QZ,`R>D]$P*""PQ\)),SM<-PI"QG<X/?MA0
M`A-%23*(X0D8*+(D'J\P@JVAB,(/&,A*/(KQQ>[CP=Z/=-'_!0@#@"'`]1A@
M``8.4;S0A`P.P)'##DW@('X.Z*>?OO@XH(^'^O"/CQ'\9M2A/AQ1).%"#*8?
M4((,JF-=ZU9%'[7%3G;GH)T?3&``>D"($*!(P`!@MK$1P.!Z8/"4$D#@@@YZ
MT`5@P(`'7""!$DK@@QX$014&$(`#<$``16B`"7ZR@`7```,'D$('#4<%!@1!
M`[KZX0@0((`5_"$(^PC""%80A$:,P$L+,)ST(M:%/M1`"2HHP0(@8(<U5-&#
M!K@>$TZ@`SOHH`HQ0"/_2J"ZU0D0;07\QF.DA,`$.@$%'NN`/S3SQ",P82N$
MZ,`$!"D!`2C``"Q```=4(``3.-*1_R4H00.$D(`$1/*2+WGD]02`N2P:P`.&
M>^($2JB!+M1F$Z9<W@0\L(`1,&!B>SS"`#!PA",(0@F=6$`"!"`"%ZP``6"@
M@@E/<`(.NF<`3%`A_Y3`OQ:4H`(56)T;X?@Z`](1@3;X@1D>(`8QG"P?KBG%
MQ0H0D7R,``0"$$4'MA2;`$T`>1HPG"@R@3B1Z6H`-\R>/I/TA0,PP!0)*9SA
M0K"5([`S3>]400BSIP(8(``?(>@"`TKS!1"L8)C%U,$`3/"!%NA`!S&0`C.2
M!,UH!G"`!X/2`;$YF3H(@`'^8$J7#M$'!"3``Z#P``(0H`*B:`D6I<A''YJX
MIGA"JQ2N>/]%)B8P@!)X:@#;D,`$1D`##FQ)>OR06,J*HH(!".)9L5G!$6!0
M`DJ(@`I47005),8`"7B``V)H:PEK<$()@"","0@`"/C'A*8J`(!M'-C97,>-
M5JV4I0^`V]XF(`B*E0*(KQC!`4QPB`%\80$(,.+O$I*RHDJ,("?CQRQ#L(_8
M3/4`-#"$)<@TIE%4CS1S@T0C`@`#X8%"`R.`YR!*(8$5@.`#+CC!"$]0@PZ"
M``1,0,`"!A"#`0C@"S,`H$E7%Q]J%E:EUZSC9%[P`0D4@BG$@H0&5D`#`80`
M3AX8@6EB2Y`_A#">H840$S#`7CJ)P+RB^&K$[.D(S12A2V!-Z@'_Q&`(M`)Q
M31TXDZ[:2B!_>J``Q'7!<2=LV:;>0`;07,)TS6:PM,EQ;=I%QP/V8X0;'$@0
M*S!BL8[P`0$,X`#"VQA[Q?L',20OOFEZ7GW_4,A0U')+76&*>OO0A1*\TI1>
MD0`,F'`(M,*B$_!=[41)M8(32-C*$IYP<A-0!#&4%,-MY+!U&R/'A(58@7Z@
MW1G>\,1+Z&H@:%U!DE(;U(BQ9@(VCC)L+#$"#$!K$Q$U`6>(<D1"`%J>KF%`
M`UQ!"'\<H`&?`!;%9FE4D#&``<\;P`G<6H/B3E@'R!5``\A0T@R?=+`$K.:'
M#\LV-%-&!B88P%!AJ;NIAL`#,+"J5`/L_P_/[AEE(S`O)*;*CP[L+66#!(4K
M&,L`03)@`:I)D#\X0%DJ`(M.$P"!)[2J*U)<3`*>/N&$CZL#!)2`##+`L*E7
MA^J4EIG5L!KQ9,YAAA=@X`,'&%Z`T<J//KR!SDV!#91GS)I@_X[8B,!W"[RK
M@0XT-F_J]<`:!(``SA3K`V)8P5H%4HAM?Z+;YA0`!XKK@AJ,>\(<`$,2DJ#N
M#1.LPW&T";RG)&\;C/@!4?`!#G!P`PRD0G?SZ%(-%L`$0A@KOA,8^*_YG)IA
M)X@*1U@<#!(@!@2(P0`*<`0(1A#&&L*@!V8B.`)@X$13($(`3/D#:?H@5:(@
MX`,UL#((3/YI=/^^(0FE=GF[/1P.,]=1WI/9CQ:*D`(D**`!`O"`VB/V1)HB
MP@!D2[LEI'*`;2_]$C0P`%+Y2X@1M"``E!`"#(0P!!,DX`M0=4$5)HNQ4>#V
M`%\00B@'P=@)I(:'PD2<!(CH@6)"^+C)5*$`SK!R:(+YU#!7M<RS&^+).,`!
M^Z&``,!0@%]%;*JTET`"\AV$-TNEII;_->;?@"9#/T*)3/"`$L*T`A<(PC5K
M4``&WB"&%YH@>V#`9_7YT1G;MV`?*28!$U4*+K``O0<";I5,Q<0$'``#Q)=W
M8?9R8_8D[\9\S><'E($.=0!V'J`!4(=]_*`$'Y`@2"5PX;=GL$`)Y3?_>:KD
M"L.#,E2P!D=``W>@/2Q`%*_$(&`@3PER=BP@3R4T2FWE`@EP!CI`3#5PA"IT
M!C#P!0)`!GBG;A&X=S%G'S.G73:`#CF7`#@P`X84"H3&5!Q@*[P&"4&P>QZW
M='^@@KQV=+6G;.H5AXRU!E1P,8+C-W0R`@W@?HGS"@.&>Q-50E3@`@(@!B"P
M@`-``Q\0>POP!@G0!,:W;F)&6&36=U>(0/)V<R^@!4[@!"H@`EZ4$!.P``40
M<%=Q3R<(&Y<P8"MX6X^@7I<0:5\5@R/`2JWEBA>35:^X2E'T"KS%`F```S#P
M`0N@`I>5`#2``&=@`$P0`54`!F!0`7@GB1)(_XD4N'P*<X&480;;]`--\`07
MX`2SPAFWHF0K`%:AU7V41G`#\0G`M(*PA%M#U@K7-P%KT`<>D`""$S%&U`@?
M4(H"@7U:811O9TD<<`!5H'%2<``QT$'%M%<?%0-,\`4%4&I3F'S758'9V'R`
M1SL^D`8.\#8C&`(IMD0KH`(<,#*R98KK^#M[-DM+MSQIXDJD(0#Y!D&(X`(E
M@`B'(&2(H`)*(`#W)@(%`"<7Y5;!55Y/`0(?Q01GQ"L:=GS4I1@QMVH6>($8
M>`ZRLA]/T&))(I0F(`3DQSS&TPB(`"Q!V7`O2#'%$PD(<0;ZR(YJN"#:=P9_
M@`_B=`]%^4(8,QHL8/\"0V!9,%`$/5`"(C<`'<0!'R`#/6`"++!7:10#.G`]
M2R"5`T18-:&16"D969A81@`&\R!*'O!<'`!*OOA$!Y542H`!UO:&D;!>IA!_
M7_"!+CF77A%"MB).E+1+!V``"[`&0;`";R`$;5`"3X`$+W`!%X`",V`"`I``
M/8`#*,"<"0`&&U0%4L`$4D`#;*1W5%F55GB5FYE`M2-]:E=*P.(!-34V9W`(
MGJ$4\S0"52``UK8QB+`EZK4"'J``#_8&-[``0(1C<PD+(Y!7\60X^%@*NG(&
M*J`"'Y``%Z8%2'`!#D"ASW<!+X`$6D`!%#"=)%`'_VD`(<4$S2`&"1!89J/_
M&,NH?)8HGIOI-K7S`#?``3`E9`9@;7T@`HN(`*4P.-)3&HV@;4?T1.WGFU_P
M!97T`1^0/31``P>@!+17F[;9:):@"`SP"J#09I+54&T@!S[P`-`'IA7J`,F)
MH1S*H1Y:!R3P;U(04H4A!4^`H@2S`G`D`I6(C>.Y$S!J`V:``RI@&E10`$(@
M`"Y@""/`!`+08K@32(/$=FAG`(:Y2;O4GJ(4B^84I5.J$%1@`DQ`&ESBGD-T
M/27P`2_PI2/V?!>*H<IYIM/9JD9``SK@E,M$<5-(IP7`!$S`=W.TD7G*#F;@
M`"K0@0=2`"5P`]<C`D[$!&#08@/@`4<I80VB2*10_S"*J018NA1#$4]K(*"V
MN:E*@!"=$8>'(#P(T`-.X`<.T(GI>J$5>@%GBJ8>*@,8@*MH)`5*$`$)\`8G
M50"V>@;+N!AVFIGAR:N]FF8C]@/R)SUTF@`_X`,R@'%,`507\TB/!`,S=`/S
M8&@CP"OMB6R?`"!#D:F,MI9'@`$#`*Y]``8J@`""(`]_^00W,&).(*;MVJXO
M\`+PB@(D0`)D,(S\`RK-\`9?<`;3U`,+8`)G@`!?<*<M2K`%BX'=,X+`H@`)
M8'/H^@9@T'TB^P=((6L-UP%D\D2/L!E&M6<1PP"'@%M+$#8)\`$T@`$J@`,]
ML!4&`'M(H`(-H`5?BJI\J_^<[IJS.DL&CBBB@A$-5F`"JW,&3P`!=U`"!B`&
M$#`#WJ`$2F!-3ENP^^$#,_`&+2L`+_`#^X$#&'`F(OL*)W!O2D2/M:=:B%!+
MOX9]D@4#,U`";Z"W.H<#(>D',G`#-X"</N`#+X"N?-NWJPJX.TL&12"B(76O
MS6`"J;,"9^"\!6`$!3`#D6L`+3`#L..BF.L'39``:#L!'(`">ZJ/W/I]4+<&
M&%!]TF:?]%2&`P$*A@,&;:`"#E`[DY&%5>(V,(H.ST>SQ/NW'>JAQVL$O1,!
M;MH,'(`!2V"KV4"]C_L-E5NY5GFYO;H?Z%H$,3`\"(`$YUH[*M`"YQLL:S5$
M'U#_CW=9BYW&!-+3!7(I"6MP(`-P`_S+OUJ)@;(B*UF9N0",JG[+J@2\LTE@
M!"60`,Y0&"TP`!\P,%1Y5P9`P0?`2YKYM/G!!0,P55AD!FGF!SCP#J6K;R,0
M11M3,(MX!VW0`!EW!&5PB@%R";EU`UJLE3F<9C5,.UEX#D[@`\.;J@+<JCLK
MQ"N'QLS;#/^8&"Z0#2#@KV<P`W9@`"HP!#,`!F\@`B!&Q2+&#G/0((Y@`DA@
ML#Y0`B`@I4NG"53P=DTV1&"0(%VP!HJI`%WPNA(P`F?P`=RC$V@F8AB,KCW,
MQ^_JQ\>[<C+@5"D!#60S0%6@`HLC!&<@`I#[!A#0`&_@M7>6K!-9B`0?\`9!
M0(3(F69(,(:E>Z!J\AY3]04K$`)'T&PC(`8?\,JG*`$E@!QM@`-9><?J0,]9
MF4#0M\=^V\=!O'+%9P"G=Z\1@+2V>L@&0$F>\L3A(`)O,`0+<!\$P`<2/=$4
M7=$6?=$8G=$:O=$<W=$>/=%[$M$?/=(D_=$BC=$$0`!3T``LW=(N_=(P'=,R
E/=-"T-(U/=,XG=.3=-,W_=(]K=-`'=1"K=,\/=0[W0!W$`@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>53
<FILENAME>o68633o6856317.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856317.gif
M1TE&.#EASP"=`.8``-3,L\?#J:>FE:5B4,_2S.GGUY:6B/W^_*F:>:*;A+FY
MI'9V;8.#@MC+K(F&=ZJ:=LG(M+BTG-/0J,.^I(\A'-+/KJ:;?=;,K)J;D-;.
MI$1"0]3-K.?IY]?*L)F2?=;-JI.,>-3.JFUI6J.ACI^AE+"LEC@U+M3.K=3-
MK]K+INGFV;B[MZBJGWR$A='.J\#!K>;EU=/+J]7/I];+KM?+J8V0B-?,J.GG
MTYI%.GM_>:^RIYRBHMG>V>3BVV]Y?Z><=[&NHH<0#M/.K_3R[?+T]-'.LL[.
MMZ&7?&!H;^;IU(.`;ZN8>9"6D4Q:;<_*KZV8=:ZSM*^PFY&/@B$L2L''Q0<%
M!K&4=\_0KH61HZAX7\[#I=/)J,S)J>KETOK[^#-"8>;GV:NXP-_DX\W&K:R9
M<*ZHD*&4=^[S\M;.JNCGV(^'<K"`9\S(H]7.K]O:S-;.K-;.IX2-D>_LY_7W
M]/CZ^HN,?^[P[JJ-;NON[J2ML5-23IJ0<[.(;:F;>?___];-K2'Y!```````
M+`````#/`)T```?_@$Q5@X2%AH>(B8J+C(V.CY"1DI.4D'H,)@F:FYR=GB!Z
M-1:>I*6FIZBIJJNLK:ZOL)MZ&IA_MK>XN;D;134",B@7NL,7Q</'R,G*R\S-
MSL_0T<DBM";2?T)O`0'`'\S&U^'BX^3EY=2UTD)P#1<5*-[.PN;T];?QMA?X
M]ORYZ-;24(1H=V)&B&AM-FSHQS#:AQ,0%>YKR._?M085&LPXT4#",V$G%E(<
MR:R-$"$A23*T*`TC"A0;:+A@MB&$,&$!(N14$*%$!)6XBLW[L^&-0H7Y/A0]
M$4RH,6%&-UR8,:;$"$UCBA3)^N>"5*<SA-XJAH+HU*&W1*ZL!M36!@D;_U`T
M:/"B!10H+7SX&-'65KNA(4+6#'SB0X@01MN$_3.#Z)L_)T*X$!(A01TE#A8@
MR2%%"H,Z6B[8O-`!1=@9<V>\O&!#R)\/4QM[._'Z8$.60!MTJ"!D@Q`&.4A@
M@"#7==][MF9T6-[`U@DA`)@W>).PC?434P&,$;#``((G3_I80/!@"0(S(R9?
MJ7"B0H@,3+MZA6Q#]]O#^`Q3Q*U2KHT*,>B0PPM%G`#'!S)4<!QM']C@30@2
M2&"3?'!L\)PM`2A0@@`).*#$AQ^"8,$/Y#V!@`5]//'`B`M`<%@('31@85PU
M.?A<<R?55M8'2HW$'TGNI>#$#F'4X80-%]"00O\["_+HX!\OH?"&/O4UD$(*
M?VRW@!H@[.&!)A:,^,,#9))7'GED]/&=!P:P4X$+*=!0`1HT*'7"&V_0T,$,
MKC5@@P1%_%%G/K>QU997`$P0QPX!H!#`!!`),1%)'[SQW$M_I#;&!#T94`<#
M#CB@AAEDEEK>$J4BL$0?K*J)@*M]B%`"IW74,0$;10"``DH5*'2!A!.480!P
M#CA1)VUHV?/C2**A,`83"T2!@0\D"#'#M7UYY40$')90A@`C2%%'J`YT:08"
M)[**;JOHFHKNJ^3!^X0%:I`+@A(B,&#`AB4$^H$0VQH@ZAX&("%`$88A6V@Z
M0(6`@@PAV,!"'G%$D<+_?Z_U9>$8"SC@@1I<*K''B&2089ZZ)[?**IGB]?'#
MF*X^L+*:\X[YA!DB'Z$$$@84$5<)'AXQIGE[*%$""L])-4--7R4;SK(4V0F;
M$2WL8(2![S375DUC9";"`^NJ^JK,*I=M]MEHL_HRNC]8X`$&]WKH`(IFTZO$
M"U(R]J(^DUX#=4,:O6;#!CHLX($^"A\*0`@1(,&`%$>@^&[:E%=>]@^PMJU&
MY*-80+;*[^*,00QPP!';"1+0=HZAN:FVP0<T"'%%H!>\U'=#%S2`P@3@)J"$
M&BZ3N*[EQ*?=;MLC@CW>JF:_BX`:=000F48HN*`Z.7\SI!1*Q<S@WK5EV=;6
M_Q@CB$JN&<%/7OSZ9;<K\WCOLMS\N@^`4,<+$F2@T6'F9-_/BQ#!#O^(,L"V
M*&`!1WB`R=(%ME>Q[X&PZH.I'O`R,F'.;,I#EP7VX``N2``VX,`>ZX#"-(B,
M!B(R@!A0+O`8`)1O"2B2&>;<!\'UM>M=,'-5NC!H00N$IVA.J(`,IM*_$9+D
M6GR#S>"$$(P/N.!`0DE(:EZ2D`K](00R.%``;S$#V)R&-#;Q4]=^9X95C4==
MPZMA\9P7-@=:\&QF*I/+]L"`(AP(!32P06.TR)Y\L*88->F*+OS'#V-\)2P0
M\4H;0J"0-KQD`DZ83Z5B\('&A$`I7N&14A;"FRXZK/\(OT)!![2P`!_$D(%J
M3*4J04=!$&"`;TR9D5+*0A1?U20^DR*D/7AT"Y/H2@(RH,$,HE`'*8Q``0;(
M%PEX$@$MQ*`-,?K#<E#0*QM84XDV2!`*X(`D.:&@"!-`PN\\IZ(+KO*<$`0;
MYHPFA!!<BY%(NR2/&.D;$SY&+;?093VP>)8-R"`#_W(!%RXC,S4LX%P_,(,(
M1*"9G@'*2A'*`"^T8B4XO(0W3)&H!&R0@@_$J`PYR($2$HC.DK*/94OX@1*B
MT)$*S,`%>&2*:9;3`1K,)049J-T@C3@21C+&3\#0`D@-)SQVB0<\YLE,%%#0
MABN$@`97A(-DG/"",:!`.Q'_F`!,KK!(&P"@/AWH:!T\8-*R$N\!)OH!#)40
M@!EP00D+*,,S(Q.A"!6AG=)\@PQVRK!LO:0(.A`!"$[6P`E2\&5CPMEE'``$
M`&0G`ICQ$%R5`()H::0!(:@`!'BS@0J\0`0C,JMHT58F!"1V`2Q8P,@<(`#V
M"*$(1B@?7`T`@2*\(9<\I0@@3\`%`233`?$*;LS`)D>764`S'Y-"%*+P,:$]
MX`@@.-<&E6"`$43`"2,P'(>D(++1>M=L)"K/F,XSJA-9`$24!=D1CF`&$#B@
M!+WAJPE<FQ()"*$TI>%E-"P4#`G`P0D8*($+-A``P49.76I2UQD;:"8)]D&A
M1SC/_X=&-C:V)1@!'KA7O3:HACU$.%[S*VT;S02O5RWX5>%1D^=499Y7$9:-
M*;,<>1P\N<FM=[UT,],1U"`7TRBG*_^82P-H``<9H"$%4D6R::1QF-K)X`H)
MV,,"F+"!%!R!K*F$UTG%$R8'R[C!*Z.@RUA&7!*1P0)+@"$9XO4#,K1YS6L+
M4QPGB&"S_@`\*F6"`F2P`3@`5`+4R($)XE"#&F`@`$Y`00J4LX$,1$<:#8*=
M$":P`-,B`0,`B(`:'`A!+9^4P?);(ZI*Q:HPT:W+9Z-;J=F7QK)^Y[`RH^X8
M`!"A#ORC0D5X@0`P8(!]!>`*`!BR-/0AU0@<%$5F6`!F0O_]P%;;$*TRX_27
M4=6'$00`!G*0@PHX((<A>/O;X`ZWN,?];3FX(0*>+BN.E_"$=2[@!7](P0;^
M$8S7\4@&;&`!`[;@S]LMPST?(&AX513:[Z9:AP]L\0_*T`,O$"';<N!`#SC@
MA0-8G`-SL+C&.7`&C7O\XWX(N<@/,(<QG-&L(,@7""*,YGJ!0&`FJ,:+NC*7
M_XZN`OJ%1CUIP`0UA(>"IO7<YPQ^3K&US0T'>#@=B(`'(IR!`!0_@!>:0(6/
M^P`*%O>#Q\^P`CMH7.0C]P*ZI5UT##N`"378@PXS[``-5.,IPD#!0#'P07@,
M6W<24T*83.3#,Q&];!:LX-`IIRK_"I9`ZAR@`P^@D`<HB&$($.@X';X0!HO3
MP>)-V$'6I7YY,?B`!UD'>\@/X`<5C&?PJWR`!Q;0A#B(H&6(?<`L,&$:C<R`
M!C1X`;5@DX+#*(>F_>6-(W5QHP",=,ZG(OO?5:DJ`/@AVQR(`P/RP@`ZO$`,
M%J=\')KPA2^((?,\:`('=O"%*6"!`TC`/NE%KW6MEP!5JGY@`\?\`#,@P7`1
M7A5YTDR&V9M`0E?53B$P`2.0`2E0!%=@&A!25^O@!,6$`AF@"ZR1`1BP!PMD
M1LFC?,NG1N@"`P?`;52@![/@=ARP`@3@!9,7!DB`!#SP!7G0!#[P!51`!TT0
M!E0P!03P_P6@MW[LIW41\$8UQ&`S!`(^$&$K`G^F]3+^IP\IQ!0`4`0&$`,=
ML`%,<BFYLP$LX`,&P`4AT`82>`%%(`!UH`;+LP0EDX0;R'P-AG02QP-3\(93
MH`%S``1N4'&4AP18<`!-\()O2`!TX`,K.`54X'VAUX,'$`'4ID;"\SXZ`XA*
MT#;Q<P3*YG:8\`$PT2!(X@(8<`4=P&=-MAQ;L`5`0`48X`29I35!@1$TP`5P
MDRHLIH%IN$8--@$'8`<$,`1Q`(=0P`$LT`,'D()XJ(<OZ`-8P((R>(,YN(.&
M>`!#4`8SEF7L1D%*$`=AL`-,``(>D%8/H`1E,`'_T`$`8`11D/\9.5`#+'`"
M'0`;3/0!<`"%<<`"5"``<I$"'I$+?)(1<*``XE0'T84Y+Q.+'%AA%C`$7N`&
M`<!T/'`&')``$$`$V1<&Q.@'2)`'$\D!@MA]W4<%3<`#[<=^%F=RL%@\)((J
MR&,&:L``!,`#.9!`"54'E_0/$N`$!E`&3G`%"C`!?999O*$/?_`"3+`#.Q`!
M6Q`=?Z(+'Q`GL)./$<`3=;``\`.0->0\YA$!<S`';J``"K`"0$`"$"`'&S<'
M37<`3==T?H`'<T`$')=X>%!Q/`AV!^`&?1!C-20\,Y:$/[`'>#DF:E4'P/0/
M4!@%$9!5/79[7A$,MA`#$P!)`&`0'P3_`,,`$5,('39``\[B`605-FJR(NQE
M:J:F0\Z#<.WC;)G9*D555)Z)+FEV,A'@!G+0`P0``1#@!G;`EFPI=;7I!16'
MFQ]G<;JI<7,@!T:`9BUVFNI39X`W/`BP7BDE'J<R)CG0*__``BW``CK``C4P
M`HXT#_A42_F`%,BP$$ISA3-`:<ZC/'L0'"Q``N*"`21@`"`@0:@Y:L79*J1&
MG^[3-B,)=">39FH"0VEF6NDR*\R4F-LP`07Z*-N`H`8Z`5I`H`:JH`UJH!%0
M!C$3/RWF/&(R?_-C6B"`!`RU<B!`ALGY(6WP`?_``SU`!3M@`"P``4Y##L7P
M+[E2!)46)M"5_QDMH'X'<`9K^8M4H`34QD:BR6PI8EZHTB[F81XJDIF()3Q.
MJE8F\@0DR6XO8R+-24'J=&=F8@4O8Q[CI2HX-@H),"*I21YC(C,XYC)G$VTG
MH@<"\`(*$"X&(`4+A00M$``T$`+_T&L.\`)M0`.`]*+C<`$`H`!PQ5!U0`(F
MF'B;MYL'H)(Y%#^HYVS[]RHWJ@2?@@060`8#D`56D`4#<`<I@EAF:EKB!:KF
M<0>ANBK_F6;_F%(G@IJ@@R(ZHP.D&`<Z``4[T)1C)2YJP*<LL`)SDT,J(T,/
ML`!U`$I"\4T(>`54"%7_4`,OH"`+:`_S@`*!J0`.D`-($`<=YZBA]_]Q/,``
MI?*?E9-&;6,&Y[D"8L`#5*">/\`'%#``:Q`$`]!BJ5F&IH4J.$`!XW$'%)`%
MKI)2+W,'67`'7IJ?%A2K($`"'3<$.Z`$AD:=>5`#.;``5;,#<9`'.E`#(*"A
MH).$>N`$&W`M0T8#*015>/0?_T``-<`$7/`&NK(+V_D,/%*8!A`')`!@GW=Y
M(.>1HW<`!*`$-$0\8Q,F4J`#<=`"+4`%"O">#R"O_8H#9*"J`Q"J5]NI5C``
M.#``9-"O2]"I]GJU9)`%7:NJ08`#=[`&7;L&5DNO2V`&'C"#=K`"!C`R-FH&
M>LLY(-"WV(@Y?M<^L48"`-!9?=085W0IA?'_#R3``E%`.F@P%`KA4]=PL[NB
M`XM7`CN`!XWZ=4"K=;^X`]B8@2$)+Q8``C6P`"M`!W;``00@!AC@.18@KT$0
M!'SP``.0MO;:KVF;NSBPN_,:O!1``?8ZO,/[NP%KO`$;!,;[!%(@!G1`!==X
M!%+J,H7WCQ=F(M^AO<TS+PL0236A0EWA3W<D%_\P!BG$2.V1%H=1L]\0J+O#
M`JR[@X4X<NO7EA_'`1C@`9XSG&P3-FX3HGDP!WY(>I:7!QY`(K0;!%GP!%R;
MNP/P!%G`P`],`3CPN_9Z!PQ,!FEKP:":!0$KKUQKKT&`ME;``H_J`%T:)FC5
M;O`S.2_SPFI25$AZ_P1U\`$2@$3"\"*UUP#_\@^-(0Q>**C1D"1_8"DH,`)T
MT(,>^7%B`+V[Z04[X`$GLB+CI586((DBL((MT)9!2P05&*_!:[M3F[;UZK6_
M.[7(BP,@G`5F8*]FR[QM7*\77+Q\D+M64`-/-S=$^FPE1AY9[```1\3Y5`T5
M,)D;P4WT@!\?$`$KX,5,'')$0`5B4`,AXP!24&@[0`!GT'.J`AY@(S!;,@(3
MX`(`(`!BL(Q2!P4>(,)\T,%=V\%C.[P3?,$4\,JY>[`=?+7%&\LCG+LF#`(K
MP`,.(%ZI1%S)>6-T2K(AA`S_(`,?,!=_T$?E\!(V<`(3H`-+',GL1P*B8O\&
MJF9J.P8R__@#OO,EUZ4K'<4"!`#)H,N;.6`%;.S`77O!]6S/9GO!68L`7*NV
M2\#&7#NO6\O&]HP#;+L$9BM!(``%=:!6(5DY.E,'O98`&)``(R```1!(S/`/
M3J`Z*$$/PD`#1;`#V,?-4H<'',!Q)$#%:Y8JKL)W5^P!(U`$U.0@[M0!!G!Y
MRS@$5*`#(+"]J&(%0FT%03W49@C*[(8`1&T%-+,$0]UN0_T`0OT$5M!`40I=
MJO4=:E0O`0`=)_'5KP$1&UT-&*``;'`%0B#-Y9`[#1``.^!U[CQZ*[``=!U2
M1+LB<A8_:W.F#[`'42`!<Q$"I0,=&%!QAC@'HBO_.7)FO>51U>VV-G'YGZHR
M0P[M*L)9*A5T8?G:0("K1L<5`$70`1F@)W\!/F.-">[:GA-`S>7`(T40`3N0
M<9'\BRO``'L0C6TCV>4:)C`D-AX@`.X4;$)0#!U0!PYIB%3@E&2P(J::4OJ'
M@5Z*9OMZ6.NB5FK*GQ=J'F2*/->=4B<'0:<;`3;0`172`$4F`PYB1<J`#AH`
M`RJ@`CR@`S/=!H71#A;R5*KQ1\)P+8KA%I9"&_=]`0$@OP8<M&Y)!SM`KGS'
MIJ]"(A*44J7RVR?P)`!``Q+%`J`W<J#+`0(`69%S)N)5022)8@EK=)/#//WY
MCZ;JT.6AO3<D9VFRH<YC_TYJ8P8"\`&+4Q!+8QJ$C`OL#0-`#@-@\`*D?"T)
MDQ(60AONQ(ZPX3`PL3<ST%4HP`([H(P=*7J([0'+G0!N=KT)UCZ_O2-O4$T;
M``$Z0`!40`"O*W4$P`)6%0#C8JKU%Z*B`C(@\],:5%R6HZ%L8T[N,S:H1YPS
M7D$J-0'9V>/'\.-`7@!@``9MC@$8P`0&(`!:T`%_@`8`U0;-L5N9<K*PT1Q(
M8XD0L``<4+\>.0<-[:IDLBHSU#R_+0R5PF>BU``34`(Z(``E$*Q0(``SX0Y0
M1BZ=L:UTO0"<$2YS(Z5HN.=D(*6C9ECB\>+(U\>E`AY6ND&O5+*(/@R*W@5=
M`/\#!<#M!,`$`L`&$U`'<<`$+("52\D&%7`%+I`!&:`5)P$1MR5+;9#3IBYZ
MOU@#B-7L+3.I8?X:MU5)3!49'E4:3X4EX2,#+D#3C?$8)E$$%<`>>B4`1.MF
M\5<YPL.9>8V:9+"WY7%P]*D\8++J"%`'_"85TJ#H,,#M[JT"-]`%;K`#A[8!
M6Q`!@*D`.K"_E;Z8UY0PEP09^8#O<1VT5-`"(G`$O?T^7@8Z1R``L/X&1IY9
M7M@`J,,@$M`!8VY30B0A!Z$<!M&^D5(""(0Y*$XY<E8FS7Y8/Y!R-4`"'CHJ
M-GIC9K!>Y:E`[^-#'I`#;#`:*T\+[1WD0.[R*@#D;B#_W^WD4LU!8"-@`!,@
MCA8=`4*`!HCQ.K>@`%A7].^L>'E@`-T%-DW/+D\O&V]0%J(Q:1$@(1N`!I8(
M`*@#![]W+6'!CM`L9++?`$*@K2!`K(1'DAZP4`R%M\GI`!#0&RBP7.$B!6PR
MT>Y)+B"B;/$C`@IPZ8(4#>S=[8+/[87O[5T`!A`PTTMQ$!N`F.`2!5CI6QB-
M<TAB"U/>SB;]<7-`!<`#^C2N+D\?]3A'ZPS`!",`""-C%PTS*&\AA!LA)Q>.
M?R>()W\?CA>5'T83:A8/?9^@H:`(#Q8@(CH*"A$C'FH.#B5MD"@H%V\;N+I_
M?R@Q,5P!+Q,*)4H.1QY23G\7_\V\T-'2TB(:#!I=-S<J*F!IV=LJ,#<P`A"7
M(2$5%5<G(7`I*$5"`4`"<#07,T(A&TX[8@X(]$.P($&!"`^TV//#C)(<2HX]
M^/&CSY(C`CIT:%`A!)L2#'R0F!$%0XDR"BIDD(%BQH<K%1[Q.D'SQ`9WZ63\
M$2*`DX4^#X)Z`MH'@5&*/YOD<'("S8<0,0*4&,&LDK-+&Z!]@':BP@D4&V30
M:"!$@0$'"Z((P3JM;=MJUV"(&W<C"8PNV6#`2).$0(00-&R\B?&&QH<&64/(
M<,:ECHY#<!*ED!`ESAR$!C,7I(/$0\0:.HB566#FQP,R'C+2"#&A!H,%$]IL
ML2'$B?^"*#D@I.A@Z$(*&R'<2H/3`8"((Q-_6%C^TVA0"S^6D`&1HXX/+8)G
M-`!>04)6X5HO!(;SIA8`%"D^L,.@P,6,"[S!"X>K`8Q>O'B[?</?Q4T9`&T`
MT`%Q``!01'$9Y',"`"0A4<,+!YY701DM7*;9A5XH%4<88JP@P!42.$':`PAX
M4(8[**CA!`#;72"$$1^P)$0$4G1@`TL=T(`"`/+Q4H1B'N3@`PADD"'4$T\L
M9]H2>RQ`P@@.:)&!(>F$4$L'SLBW@0T:N91!!G`48H0+8QC`P(]_R"##=SU2
M8PTVVLC%#5XP@`%&%_8)P(("3D2``1M?JBE#"!WDTD$;&RC_X,`6&!C`1GI<
MD(!!'$0<<&%F!\3!!`<([1#!'Q*,L<`1%GA00@A"%&'`"1DP@D(##;!HPP6M
M=?6;!.\$UZ-VM83@A`,D(K`<`D0M`<("-;3&P@;R`!!#,R@(<0(<6VF):RT[
M"H'(!"-(,<($_"3RQRQM3D,?-WK!D$02::B`5Q(\Z"``!B3488`!&.3`@A`S
M=!",`O..,((`"I`000I^OL!"#5%\H``3=%AJZ:5^\-!"0`+A`84.-)Q`@@C*
MU!%!`!`XP)0['WPP%@H5V+"%%`J,P44,8V`0Q57RS;#!!D78PD`R((#@@6D6
M[*$$!@%<$,`(&`C`!1<&U%#$'V-=_X!"FX1T@((+$GS@A``U$!S#!RB$\,93
MB[!9+B]PF>"&7FZX00`!;^-EA`!1<`'`"6V@<$(*$[3`Q`@)"'QO#CJ\``33
M#LC@@@$YZ&LU'"2LX,7$%'N1!P\)$4&%`$ZX4((44I!0Q@@D&##&##-TE$X&
M$E0`!P#<&E!''0Y$_FF/-,PN!`TI"""%`0)[!HL2?RW80``*V)M`&5$PH<`6
MXE72)K\VV!##!`SD\,)AO,VPYB(SH+&VFPR80((``@B<0.%Z/NE$!2C8T,`%
MBSBC*@9&S'!"<5%0@A-H\`<C.$$(D.C9.SI0A"L8@`"8N]0!-$8$/R`$#SL(
M0,IV\BJP]/]C9_UPA`V*0`,:()!L1H"`$4[@A!&T:0.S^T,#T&"3LUD-`K:;
M@",V((0H2($!`6C`"HM`H]+EK5P3F)?M%F``)QSB?GV;$B4Z4*WSL<T:)L!6
M+7IA"&SQ(BM9ND`&8J4`$*!@+#(HC@&X$((V\"9&#;A:!Q@A`11L@00$P,/E
M(EB0`_!`4BL@@!BH@(0``"!EP;'$SKZX2%Z\!W_X:^0%VI"`"*01`!*PP0RB
ML4&U;0!\,X`#M;XR!A*0(!9CJ($";%"@!J2#B`L8`P!T]`$)2&`&;5#'RA0@
MA0",X8`5V$"6OOB'[V2ED59LFQ6A08,9O,$%_)/`&RKP@10HP`?_8TN!^5AW
M@CKV*P.[08$"%H`$"%[H`#H(P`:XH`55!*`-&YS$,J4QR3%4,@;IJ0`]WS,-
M(?`#5\410O#*P`47N*`&3-A"!A`A`2Y(@6%<L)\M-1("*=2!`5&(@0L4H(<7
MG'$G)ZCB/.6CS'G&Q`8.DX(```"["C3@85QPG'9L@((/?,D1K+LC'O!@3LT<
M``ICD,<FG;+!D4YC%A4(``BN((,4J$-M,HE&.O[0K^T`@)<1&$,`G*"#%K0@
M!Y(:W`0R\!09?*`I3BB#`4J@A2(PH`4UD,(+F!H9!`[3J//!XDBO8+]#!$`*
M">!"!6S$!2#:@%FWZ`4_=B2!C5(A(>=\_P$)=+`#!DQ`(^>QB4CQ^H$MU``"
M8;J`"Z+JEHV@01\7D($!F-"H]9&`"3[``!*BP+2>0<(K?Q`=!KZ%@@QTQ)8R
M*$+*/M`&>-X5KV_1ZSP7<8)-+B@*3`3"!!Q8@JT*H8[,FRNA9'`"%D#VG`*A
M@Z8PP`BOG&VS:U.;##_`O1(XH0.]()=P&L#""4S`""]@P!8(5H$4<($%>G`"
M"[@P`;4@*A$=<$():F"$=U1@'K:@*8-8Y[>B(M<M)5UF!VRICZ3680)@-484
M)H"!"'P``B"H@_!<>($0C&$%F)$@0L20@S(`-QVD/5\_HA$M-,R@>0HXU-6*
MN6-IA*`(#BB#`/\<(`7L1.`8#*B#!Q;`@A\Z0``VV(TP7E`')8P`#:UJQ`GR
M(<-FLBX$,4+OA:&182O6E%EPJ$`-M""!%R#AL@:(@@Y*,`$?3,!O5QA!!:!9
M!PA^%U/AS0,)!,0Z2QQW;>E@4SJNVP`N""\&QXST-&3`92>@X<@N.F0%`'"%
M*SAA`FR801%8`%L?P)4$!7N!2SLPK<-V19]50J0\UVPNY8[T$46H)`(5X"`,
MM"!U2B"!!"YP@M9HX0H[6($8*.;3`Q```^!*&?ZT<[]%2("J^,/))JM$U6DL
M4IC%)+$`^'R+D**J`1W#I%F`"(=&MS@$L[I"`^8X"2?\THF^&$$,BG#_(/CR
M>J1M7J;UZ($!E\)A`G7P*@8<$`4CH"$%,[B7$XP`XQA3^R!T8$&J6?85+3Y#
M"(?X`$JM1I,OJKDMVPN8/RGQ(QN<H`$P:4P)'@F-1$0K'O1%H#38((`_[*;(
M!U]FPJVH[0W$0-G^Z]=A8,6RL>6V>0:`@L3Z2&U+X8$%_N-7`SX0F42PCHHB
M93;*KX;F<LWB#440P`*<<!A$9&\U(4@!$")0A$?S$`(06+;!HU&!W)%.`"Y(
M^CR7?K[A7B`&#0<>#0"@#A><@!]<3`'/(*"#@7S<(`?H`0MB`BMFV<(V'HA:
M!,SCMW?`ZG[N>*'98A`KW)`@"A'@@A!L&@(6_XTA!UR`AJ/_2C@,I*`!YK9-
M`%15`L4KW=>_=@2C0H"8W@/F$3=!`14;,!D,>/[S!>$`"68%*VZ9<F#+=P'Z
M8X`&&J+9*BUODV:YJ[0H1*$$NW6"E9KK`B9H05>3]`<!4`<*D`%MT`*"-0TA
M,`,2(`,S,`$DX'S)!'WS9`F>I4,M!@`R4'93=0$VD$E:0P*<`GX&,0<8<`E?
M,P*Y%P/80A-<0%L#$P$1,`&"%6GR!1XV,2N;)`.S,BM&X``0\`&'9&DDX$K?
M,4FHLWLV4`,U@%[41RTS8`,1^`P2V"/*M#/H)A-9LC.LPPO,QGI^HP4&\`)_
M8',TA7(74&]_T`'20O]K`L8#<Q`Q?.13?N`%+%!@>;9[^7`5'58!Q14`+)`Z
M4C`!'6$5,O$!ZM4,]#4M1U8!7!`!&S<";R`!8T$"4L`1KC(!IV,`9=`!;W`%
M$[`#]S-,*'`%SE`@*4`",5!<PG0)58AA6&03DV`38-0&;_`&D/`_I`:)`G`,
M@"4P8Q`%H]<`M]0F7-4"2)`#AA9C$I,0+(!M,7!YA-`F<`<"?_8!,8!:PZ4K
MT2`$V[$C*.`$3F``+)`#&+```I![1I```8!`8_`"1B!7>Q(##"@!)5!TEH`"
M`;``(H!MW?)0+M`KK),!KYA<Z6.+IY4EGR8$$R`%L/`*#F``/J`'D%@$+O#_
M-&-0!SE@`"S23&T2`FA@`Y,G`(]E00.1$`A!!5'@!+?8"(_6%O#4&/PS35ZQ
M`6W0A=(P=>R5`^VC`$40`UHP!A"@`*<S/"R@!`ZI!B#07)]V<PV`-VH"!TY`
M.GP",`%``C[`!%,2A024B`79-I(R`@2U/0(S,&-@!$5@!"`"!$B@`!O8+U'H
M6UR0`-T!$VW2$OQ4!"40!ISB>0?``52P`G&0!SH0`15P6FV08VZ!9H\7!7G&
M?2@U*$/&27NC*B]`"*N!*Z^W%2@P`25@!`5R'E62#AU@322``EHP`MU#`C7@
M55^%C'7P)%OP`6R8>`7I)CE@`F7@!!`@`*:T;NUX_S7U=@*/R``^>7D5(`3)
M*00N8`,EH!93U2.1`1/-U0&WH0,K$)@KH`-```2K(%W2\A3@UB9DLP';P048
ML%LC$``-^&@G(%QL(`5%8`@GX`+KD"U-H6WND`M=B"7TDP(N$`4UX&HD4`+/
M&05E4`9[X@0$AR\?\ANWB3XFP"58\@%.L6\#<BT1$%LA`$Z&,5PIPR``8!(I
M\)+3()(I,Q8S@&\ID`(TT`:,&`(N\`XVT'/GTP&MTA(#@@(2T)`=,7CC4DP"
MP@IQUH";&3NN4R67L**30`@G<`4IT"<U<##[QGU[TQ4`(!X-,%HC4`+6$Z%L
MAD6M]P:S<!.,@'(=L0R#8?\8XS95H7080E`#;#"9X*$1KW(_**><,$$_998/
MM5!%Z8"+TEDHL8,&\"8#3N`!/PH-Y((&,4`CX+(!;?H=)608P9$VB(BC^2,$
M-D`\6R"C</">/P(6*\HODX$&`@,'4P.F5Y0^B40)B)AK*8H!5(.(F%=NE$":
M-``!*J8``4!#'X`("J@.D9`53J&-:#,3NS8)FM8CE%<)6=$(#5`FM>0(^5`$
M/K0`'J`#`\28T[!)=/H>Y?,'(:"98U$#7/`&X)HRC;`5BP`8ZG$"`F``$0`$
M:^$_*`!/M5$"=9``056B_+1K$Y@^TZ`/@6IW&'`8)22PT+`F._2(-8`!,K`6
M9</_JNFU`1TP`0Z0`CTS2Q?P@XDS#Y]D%?-44T`7`09`I[PP=:[D@"OJ*Q'`
M/F`U!CLS!OC7I2]@%@I`GRCEE6VR=&E#59MT`23P/^S:%I*J<AIQ!?R3`6O!
M(Q:[-BJC`!O)!"Q@"VVP.!V!*(@@+A7H"$)PD_PS#7L36@NH$4_1!NS`2Y!3
M'6/X*A=0!&8!:RX`A29*4A1("5G1:+U``E:"9@SK2+D4)ELJ5^8C2B\7M?TD
M`ZS`!EK@`8(3FV/2#UW+C<M$"&4#!Q?@`48P#0T@`U=P(#97`8B@,H60L2W@
M9RN"6NY`0"RP>@"@G#Z+MP0K#5RXHC(@`4O3>^[6%JL1_RV--14`(CZ:J[@]
MTF(R4`(1<$O:@3^*`2M/$9V_=C5/@4-0&PV4)P$Q0$4T(`%.<5K%X01(P`+@
MY$I6H299H3I:LY^+E[=<F":QTZ5H4&&6RTRFUU!K%!D=4`$X:;S@\0$U$P/T
M`Q:Y2R@;P1:68%2$$`#(\VA1>COW,@(*`'@`TV4U<"I?H7(?X$_N4!8&4`1P
M4+YW"QY+MV,;$#L*0!6L]`:1T1;C)H1JX%$VQX"2ZK_@L0CV8`L[IDA>H87\
MM$R+4`@,\#UM$0(+4P$QH``8T#TJ)H.^^@RHPEQ;T@838`!;4`LBJ;)KTS8-
M``>]L&.3@`)<T"T0<$8Z@XAMX?]C-@`'`8`!1?!)5B,!U&+#X(&R$^!,#F@E
MMI!]PY3`\J$(=90CM90!`)`#)*3%\LH`76,C-(-IPH0EY99(S$8)3H`TLV(+
M.X%P>E5'#9`!/G8"$6"))7`_Y%DV%4`"$]#"/SR[BILE6O`G11!'-7IP5F-6
MM((!5ON,]?,LTF`#W#,"*J-//7*3#:`%CED"LWQA;<.IA=`1BD)09!4?/;(.
MZP$!-RF$:]P2=$Q/O-`:NO<_&T;+M20/ZZ8%]A4F?C,--'#*G8@FO$.N.:``
M!85\:]8V"/9C=1`%?HA+Z\#*7Y0!6?8!+U`=.Y(!5]"1VPR3)<`"DR&$7KQF
M8;$1(;S_`?3:.@FBQ7\0RQ%0`RR8S#C(+'&@!?L;N)J</EZST74P!@MX;T@G
M'QHQ=D<V`E&`9F@@`=Z8T&W1I1G0"-*+7!O@8SM1!&4B!3*0G-[43QO@F"V6
MN-&`A340`*WCSUN,12F<C@E`>3%Q"2HSPL)G`^M0FG^E`.^*<CAMNU+`!K<$
M`"T,T?SR`4LS`JJT;Y17ORN+`O,BP"0]#9@0`/0:`QZ-5]60FTTT38)`5&]`
M$Z3<(]3',K"R40M@65!4UM$0`P:0G$;(U>?C$BZ0`!#0$:,U<($1N(Y0`??X
M`E(]+C,P%@X4!?2LS%BT$2RB9Y,V#S3A09&V2>:V0Y6P(S,@_P!-4`,N<'%:
M(TK]:\,)(-9;\BIM<F:BE!/5M&\\JGTO8`#4!TE@A#_3L!%O0#L)P*`U96MN
M,0'[PGRG_;.QV"H9`#`HA5*)N<;]@E,ZT2/46P%;P`)(``'-)`1PH(/;_`'U
M"@>Y)`%`*AP[Q(WP!8[[=G$L4`8MD]?2H!)1:`,%XP&?LL/3L`4&(``,P``1
M(""\UC8=T3,"T`(#L[/Y(*EI\TD#[A8Q<G/ZH`-(P`7,9K#E7847$`%1D$ED
M0==%;'9=6*Z,H!@TX`(9P`1E\",.'@W:@2HH8$"WYS<AU=I<03"A$Z\?CD5;
M8!OW`@%:4`:FI%)OG`X2`,Y8$T<NP?\.*N8.-)[0]N=2^"-T6B*I[Q$6"VA3
M&Y!"3L0$);`UF$VNE8`8`B,`/=-RZ-69'E`_O7!P;0,+@H!`DAJW1E`#:5$$
MB4EVWR;?8%$!M@P!Y-4/95/C5<@&H!$`^B;E?TRNY8I9"G`$=2`"$8D!$D`6
MN)TS9&,#3D`"R0G'-$'7AB`%+D!?\';EZ1-2/(0KU!0):-`&E=Q+#=@54ATC
MI@@K%U`,A\((7VK#]<2O+3`#*2!_[WIY3L`&<EL'8R(/$"`M]M/G\4T6&,`4
M*+KK;7$"L)X"5U!3PFX";W!\/-(`!R:C&T`#&Q``\TH"3I#8X%%5AYT.WZ(U
MN'+M-EPV[`[_!,(L'^XP*![,FGFF3S2PTQH!3DD.#85P1A"0`UJ`6Y#0=O1T
MXQCP48J.17IX9N*"A7J+`F/`"BH8Z^F`&`7+.B^[`3J0`Q/@#C?'71NQP:!^
M86'ALL6@U>(I?*_'$0``0R06`.&X1<Z`B#M43#W.",W%.F\@!#^_.TU]HAE0
M!*6#+X;)J<SV%.4!%HFHF&TC\9*)3&TA#U6L`]`"!UJ,A8TF`S%0`V50]L-M
M%<+UU[<)'Y/'M/^7VX]`$RAE2W40``\]4NE@$\AW`CA4!UIPVCOR!UNP!5>9
M`Q'`#QM<"#8U1BLJU7!1!6YL2RXY#81>-5N`CF4P!L5H9"%T"7`0_RJ]5`$3
MP(XMP0]A$K4WT2\E49\UT0PB).V0T$P\8P`'/5*+Y`@I2MD8$`,OVB;0&SM"
MD&!+YEZN1%5*VFTR;Y`F0.FY^+_:9G2V(0`)8`.VR4FH-2@%0@-E]`(8P`/L
M41M#"PA_@H.$A8:'B(4?$BP+,PT=&W\?E!=O%2A"*"<A,Q49*`D20HFE?QL;
M*(\T)V@*(P``0B>F@A>G(2$?%PT71B0+"E%U'D!.N1<;N6B2M(4B&@PF,C0=
M,R><AI2G)T)"5T4=KS$AAKR1$A48=>P8.5%@/"0)`A$Q#;7Y^G\7`"\,;"!5
MH"3I%BI4%VC8N(!"@I$$,N#L4_0'Q9]>1?\4&(C0QN*'?-A.7)BA[$.#+08P
M)#!PA4N$E`'2M:'TT1DA:-)D-&B@[,\,<P;?G*@0`L6'"!ZV`#"G+`0``66,
M%`%2@\"-+BIXN`&#(4"YB6`/V2#1@@20`%>P92I2Y`^-"S'&:)D0H<R($1%&
MAK5U04A"%,,B5(AX,=\&3KPV5'!1Q,"$7BYF7&#X2L`84I,1X33A]P.<3AV`
MGJ)Y04:*,20PE`BPZ<V&6R'2`1EQ)<0$%CJZI"G`>S<!`0$^6#S%;^]$!4JB
M"$A90M@(`PE*1(AREP2)>A.XS$#A8M_D[R.%?+#AI(Z32=CTUIK\(<2M/^0Q
M8#IA,EEL%"42^!W_^1-%9D&;&<?>!6T4,8$44D@WP8(!.`&!`4Z<`$`.+,``
M!F\J\,8;!`+80$I[%=!@G#[)1*$$`&\XH4,++3"APPLO**"`$Q^.:$LOVYWP
M!@UMX#6<C8)\L((!$C103BZY\#-#%&7\44(4%AGUW@<!"I@+*D+8,$8`"DS'
MY'(.."!`$31$H4,!:221Q&Z\P2"``C:@X%H#%0!9BC)REJ$``!*\<8$-'<3F
M31N#V!164R'(((-[-!2A0P+%V7F*%`KH--`,F`J2BQ//*8#!%1G(<$4%-KQ5
MI7%(T@(`)W#L\D@#*!3A1!0@..&$`&O><(.&::0!A@`32(!"!PU(("DB_QN@
M@4L=,9$"2@42)$3#-H9.A.EV*.BRRQ9,C!##+L<&D`,$-C1`R;63H;)+#`]&
M0$,(-GQP0@,TG+H7DI0DJF\(Z9D;@A`OD5`'!`6HP":&63$A;*!?'6M(`R<,
M.T$=$0@QPP<`;)#!0N\I(\E>MQ#XZA:JQ=#&"1_;N84`3`B@1;HAH/&1($1]
M,$,$(U@'"PHH;&#OO=I&W($UYA9QY<6+=J`%!EWHJB&O,OX!@`P.'\)+!3,,
M[8(!"1Z#0BPHG$S?-F'%)@$:-OBY`083A-"`$'XZW$$*$^3`Q!@NQ*8+/RFD
M0(,0<*1P0@>.:3'#&S_ODZDMKTY[BV<-S``''/^'E3J#`CKL^C2&,&!P#"M5
M&V*4#3.T\78%"BS@PEO1AK3!!RE/5$0``>C8AA"OF%0GV7:B(%&V"N3P0A%A
M"Q(Q?"&XD"P*$[30A`(H)$[B>[9@\P:2&_P4L63"M2%#&V50L6N&O?*6Q(-E
M0&#$+2>[)QDNN<`^R2YMQ)[("2G(*UFI5R#!13F[H!XJUG,X/YGD+AB049A&
MX(1;;`=<DLH$*G@6`#7D0`=&L($-.%&!@:2"*!4XP1@,X``-1,,$H3/%`',A
M!`P0H`!=*``8TD`^%;@!`D``5@4V$+D_P&%1'6D?OU[W`1>\(1_?&<0M),"$
M"7Q`!M4B$:Q",)`1E"#_!EQ(``FB,`'[I;`06V!!"W)0`AOL4"]4_`,GRK&!
M,4COBYH:(AI.``$2N($WXXMA;\!`@*YD`!*E84][3O"3"@"@`]/RHM6HM[<K
M*."*_#(.#;8#APB00!(TZ,5D\`''0V`*!6.X2Q248QT!;*$#-'G#&Z)WPDX>
M(A>T^``:7#`!$O`@"5WH`AB<QDLW8"`*>>-9!T/`PPYPYY'!6IP^\*4*PM5@
M#)P,BT(`4)XK?`,`#9$`(5UIB!"\`1(`"$`$I*.`"8S`?W_0%C/>"$=^T8)>
M<)@!&UR$E37UZF!7H<(.1D"LG<BK`@$P``D@X(858*%VMJ@%DG3!B0P4@6UU
M_]I+$<K%`BT$[H]M@-;>N$F(GE7@"A](00.*$%)/O,`'6HB!:RC!SB]*)CV4
MX(D$!$"`798/81FZ`1A8H)H(!"`C&&`!#VA8@"3`P`.$`LLF0!D%`[`@(7LY
M##X$0#'M,*0(0E"D*ZEX`9&V(6;RBI<0V$`"`QB@.6YL)4<'80UDW`(%-@A!
M`%:PR\VI($-%W94;J/`"*.A@!6Y(PJY@T(,8ZF`"247B#``0A1S\\F4_,0XE
MA,`%#)!`"A.H`!SLT["U$N0@/*273]().W$*H`8FE,9:!X&I`1K/AQ(800^*
MZ@8"8.6N22C`KF:H*U[&,`T*$`!M!2`$8O(LBG_`Q/_K4!``))#`"3HQ"!%G
MEHJ?Y.@0[8%7HQ*@@!DP`V(26>TD4N$?V$T&FZ@P5W%0$(.6>A8%*;B"``P&
M`R88``)WW5QO8*C;--V``#[8P0W2X"8^Z<1<DKD6WS:HBCKHX`]M:$-FLGL8
M27S@B)GI["!.)S,C,#!.XO&/>$?D7HZ60T)2".P*5F`$'0A6<YO;#5'!`(,:
M("$.NE*!#C#`A<@0"V6YD("0`7`!8I'L>K#$AI"'94SE\6M5$4'7AH="B2+4
M@0EEV(D$,J#5$=>BQ-P,`0V,T($QL"`)->@`E\"@&_W"$`PJN($-Z\"%V^A6
MA@6%@IYW4`=@!6`+6]""%H3_*8`7#`<;$9[!%LA!R+G4!2];&,D%:&(\;$S6
M"2^H`SF(K&$OZP/,KE1O+@2P@CJ<YDP%T^]N=*."5YQ'"RS8;\'R>P,8$&`%
MF--!'F83`0BT``)C*($`ACULW`#!.BR`P@NH0``"O&"@/9OTS-0XOTDT(#45
MZ8FGP0+J3EZL2&V80`U&L($6QQ"O3_-5+A7`@A@4(4:Q1E/Y>HMNW>:2CROP
MJP"`P&("4($*6]$I`2"P2SG'N=4E\`9[E/B?!IPF!UYY0V2WO8]NP[%G'^@`
M&F0@,`"08`4QA+&&K@(&#A7A#:D#`1-F^[3>VO6N:<`*#'Z;TZ?A-4-WO8H*
M8."F_P@0;])\4<\%4/8"%BB8XA4_X1^+-3HOOR:R*#"`#Q9``(/)^6#\I8('
MXC0#)X!@`PK8P6]I>-<X]RJ_;D93VM>.)AA@#A(S>!>$9\&+#W`!`A.(@J21
MGG1I%$%RPM$VTHN0`P9@8"LTYOG3"%`'`'R@`CSI2@,T,G-=J6G`-V6[YM>.
M9C:$H`@Z$8`2ZF!X"(R`"3[P`0:PVF6^/^.$)-!!M&"%W!%7(`(+L`[F6$!L
M8I>`"Z$)P:TV,F9SO@`&@MV\\C>O`B-$P5@16,X$V,"&Z-N##6-``;VHY_I2
MX$0#/6`!E-[R(XH;I00,H,L$KB49]@@+#14HZP3B580+./^!!2P`P@M8KEL8
MUWOY:4=#.R4`(U`#$:`%/O$3R<(O'90WG=9]AO!]ND0";6,SKC<2$N`I=&((
M)1$"#K5Z$;-!]$%%1J``=<`";K`;3I-J`*AY<A8/5"``D[0)=/<'$H`DKP*!
MIB"!!>`&8^(VK@=Y,E`!(Z`%5%,(L4(?,O`"(Y`"<?(:,C,T-B`#+E!9+\!;
MLM:":W<#21!G2;`#$\`^F`0).X$MY:>#$1@-&E!7+.`5TT9Q)Q!/'_`*2U$(
M"N$4-A`%)"`Y)/$16>4JUT)3!X-U6JA?7="%.M4#]4!2&@0P"9==K8*&B?!]
M>`0!+-`>%Y@O17`75A0!$:``#7+_&$LQ`@)`*+<P%,3T'M]!,D,59Q=2B&O'
M)KL!`SH@`*,D`"S0+5E"1>T1)_YQ,I(((&H8<F[``L31?9.Q6%L2?360`SZ0
M`PFR('8S$Y2P"?]!"`!3:,@G<K#(=@0V<$;@!FY``B_0!C:P`7ZQ$]D2+[T0
MC)2H6V"@`V-0>^(E$H\P:=_S!D\D0NR6&B2@$;4!!QS3CH4`>48@`$:06]VX
M?$G08L)F`"^054*1C@&P&EQPC6CX?0,F0^74?>ZC*1%Q82BS`33P+I)0`9D&
M-Q4&0810`0PA`&[09@NY>3>P`Q"``E?0'3+S!W3W`3I@@@Z``A$EB=]'5$F@
M`"\P<12W_PV9T$$58(K_U!TT`(4)8`3'%0*4(SJV`01P-I/*EP0O(``N``?T
MPI23\`=V-"88J8,:F2%@V5W=UQ1'I'WI%$F9T%7",@,@4`2OHT:N10@SX`*'
M)V?<Z)5V16-A&0/8,`CY@@)U``,DL`5OP7T02(EN:8D_D2ZM!T<Z@I4?D$G\
M\!V4,)4-L!038``N\)D%P1>G,!("0`6[$6>&R79-`P:/))2TP`NY$``"D`8[
M,&@HXXYJ"`-WQ@.KUPE&,@IGV'V14P$I4`1$.`;=)`3TDIJ7PY6R.)N:URM`
M``1&(&&W(`2<X@8WP`);`'F4V7W?AVYI$`4!<!@GLP$+$8R1X_$>[(4!=4@(
MK/"963,!&/"*6:B=;M8KMID`7%`!;`$$!E!U!=`E))F>KJ>1O4%@("`+!_:7
M.@@;%5$"(Z"4FC(X/!$`)$"<Q"F@RD=@?,0"9L4"1H!\:'*0'Q`#F^EI[Z@A
M8.!+F14>]$AQRG`"&S0"$["<598S+D2()NJ-9Z<",V1/,)0&Q7B.,^IEF]&=
M5-J=P*`$4I``6KJE7-JE7OJE8!JF8LJE%I``"P"F9<H`+6!65=JF;OJF<!JG
M<MJ=4>"F`I`#8YJG>KJG7JH'&L`$51"H@CJHA%JHAGJHB)JHBKJHC-JHCOJH
+D!JIDNJH>A`(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>54
<FILENAME>o68633o6856318.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856318.gif
M1TE&.#EAO@"\`.8``,2^I@8$!JBGE=O9Q,W'LLK$K9>7A[JTF\6\FXJ(>+RY
MHJF;>-',M=3+IN?DU*UA5.GEUG%U</W]_-+)J8.%@LO`F^'=R-7+JM?3N]/-
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MTM>FCL;'L,/-T-3=X,?(I?#P[N?N\%UB8O;UXM/+J^GGU]3,K"'Y!```````
M+`````"^`+P```?_@!(E@X2%AH>(B8J+C(V.CY"1DI.29'L!F)F:FYR=GI^@
MH:*CI*6FIZBG:AIJ"3\)L+&RL[2R/Q$S,TX&O+V^O[Z[O$[$.T$:>Q0&PA%/
M3\=[$;(1/Q0^+GM[/QK/$=FUKAH_T;GEN6<),^"T/^WN[^_4XT!!\/;N\M3Z
M$1%M<GM``@H<J"8`*S8($BI<B*`"BX<0(SZT8@4)A3$8M&#8.*"CQX\@0V(8
M<$+%@0,)Q@P8.0"&`!_\#BC@P,;,B1\S-KJYLN;,B1,5#/0X@:2"!Q4L`%``
MX<9)#@9<N*Q806`%`P)8L=;96J"KB*\B`(@5JP"`@K,*3JHU<\"#-YIL_YK(
MG4NWKMTF-"*<V<NW;P(-!M4P'-Q0HL0:B&L@H0&BQ4B.(2-+U@*B!@X<9ISP
MJ--Q#(@K!:[\=&+B1`D!5Y1@N*)+`0\*5SB4F/'CQ!X3KMSP8`"5"XD./*XH
MX,T[*]:NR,&&'4L6[5FU:MU$8$.]>MRX=[-[T';&P(*^?`&S(HS`,!(6YY$@
M28Q82@TK4P#,4""YON03'@J$D%(`EP&5`^1PPE`P=`291QA@-(`6//#"10XF
M.-6#&05@E"`!/(!P`@@"&"``%\09EQ5R!2CW%7-FF746&RN:08$'UL68778@
M@.!*=V=\M]=?@3%4P8^&L9>8%9<5>5D,2+AA'_](%C39Y``6=-2"!T>&$`(+
M!0`@P$<L+0E91@9N)"8/.8R1@P%G1(`'"PX)8`*(Q(7800<$D&CB<BBJJ``;
M!P@P78R`5C<C72#\X!UXX@FVT(\.'888#H\:>9EE.$AA@'U.1IFIDSK4\<,4
M4\2`QQ0%P(%"`09P`6642XJTDI@K<7&&!PF\!@`+>_B`@`(N[.#&#&;`R=L*
M=,XY)ZG)@07`B2B6M6<"3OQP0*"!SNB!7*]\I^,9B99G&`LUN%?#%(F!NI^5
M4J`;PA0X3&&"%ZL^N>F\F0XP@Q4Q6`D''%;&$`,"9M`;I0X@932##YP5W)$)
MMSJQ@PE(B*`"!12D<RO_``:<4`<!RQ80HH@=D%AB6,PRIP(/"ICAQAG45CLC
M#7[FB.9WW7Y;`[A"UA`"8E;V[',(2)PA0,`"%VV!%B9X(&H,*+S@[Q0>1&L"
M#)P^R8,`)W#1)!=N^+!'`B8`"%()'-1P0`OU`(`8!R:T0`%2-2A@0@04N''"
M##EH1<!55X4L\E<CE\R<`NW`:)T'-%`[:%[=Z9CHMSCGO+/./UOY0@@X@'!`
M!V=HX:0-1G_>@A,=O#!!#"^\4``'M!G@`0\M0`EZE#RXD0/&3?(0@0((B."$
M9`8H8/8)/IR!@!45\/H#"!7<S$*'>E40@0L^+$^!``!P(>)QR9HX%@(`N$CW
M_PQ-4)=,RX/>J.WC$.7,,^65_^RT`!R$$(,!=A0]P@A-VC"[#5R8@0HFT+07
MJ$``+3"!"%`0`Q?-@&HB&``7^'$]JEF@#BZ8`0X$X(0"A60^./``A-3&+@#L
M0`!"8@$>1/`0`.C.=3Y0AP`(`"*LT(E[W1,<65K@@@APP"W308#BLO.#'?Q@
M`6AB7^38$[^?3<!*3XR!"`P`13/DH$DZL(#_MFB#$8!N?_O3(A=,$`(4H$`!
M"8"![5Z`@BE(PPH<@($+3%`"$/3G!UN#@1KQL(,=.(%@(!$@N2C0@AD@05P<
M`,!Z$E,4G+')(2"8P0D,8,4Z\(T!-QQ1#D6`A#P=P/]N,V!9H*9%G;O0X`=/
M`(%W$B6Y)OKLB2&8@"RCF``1F.X%!!"`%G6@A1S,CG_\ZU\P1Z"#$Z"@`S'8
MTI0*\`(XO*!T*"#>;7H``CAXX`2@FZ0!*&!``_R`8*P:@`Y`@`1R\>(`(:`(
MN2J``XI0A%$54`]$FB>`/<R@1G&ZBG$*4*=-X@D&`%#!#"CP@RNT3%`>H(`T
M0'"&(*02B6T(S!+AU\0GSO*B(0`!&_P5@]-A;0W4BT`6-@.#LXS!!ISIHA=M
M8((.&>"*/T"`&9G&M!!DK`(J,$$U`=`"+>8`-0M$T@G&\"2/)$`![4(`3CS`
MKG9-00I2H`A4K2"N]UCA9C7_`$!>W,"%,>3S8_WTI[)4=(6E7.$DU6)#`H*P
MAR!00QTU6@`K$X,#5\8REA<]72P/<`+[H<Y?!_B!"YY@Q!Z09B@1Z$$1*.!+
M,%H@!SF8`P'\UX((U`&9,6B`OR;`1ACH]`5UZ&F3)@D`?X5@J!UQ$DF0JI^R
M_J`.4D!!I2!5)(H@YI#-BZ=B$&"`"$1E#%R`05?!BD.O>$]B`(`!`@[`"]H(
MK4-\H@Y*#,`!#O""`R!80'99.=NZ5A2CL<S7!.33@=,UH`PQZ``(`!`!'[3`
M71$(0A_=D,$?M&!_*L4O&+5`O3:`@&FR+.,+/$O%#@C@?W9(0*A.JY0(P`"0
M.;C"_Q3XA0,G[$$%4FAGD<Z"@$6RX*HIK($(9M!;NMTB`58D$P<4H$D[!6ZL
M@SL!!>1K@#TP]#:(HP$-JEO=&D64%>O"W&6<F->+;G8*(&#!+%'@40^\``\_
M:$(!$.C-`N`!!")H0F,M`,8NVV`&-&B"`NK0T0GT09:7`X$"9,F!,?`/=%HP
M0!W<!(,6-&$&=6!5.A(@`#_-X``U0$&&V2784*JM!LW#ZGL2P\FPT&!9[&W'
M">0C@N+:Z4YY0DL.QG&]/7C@TSKF,0>TFZ@AXR!?4$QUD66)@ECBQVE]2%T,
M<$!%IQ6@:?Y"PF97,($#0*$(1BQ"E_=7A"1SUHRK/ITLS_^FQ?Z=H#0#Z`$%
M4&"%$V`1:=(^@`IB`*I*@:H&"-#,34XP47<BQI'H<8@"5-`$$2BU!?L4F7&5
MTZQ=H>4D9C!#$T`=ZNHNX,=J:#4#>Y97O%H4KTR>27@YZ[0#F&$"#9A`>=',
M<-/!00$M.`%I"%8$8>_/`5IH@0"F=8`IK!IU$^"`%L+XI!9H00<F8(/$!3"&
M+`Y@:$AX@4S7!2D%V)-N6I`@#TQ@AA\H('*V3<Q#G/>0'WE@!V8HCJ7G[;VQ
M..LY^-YWCG?<8X"3"G,&3W:17W`&))C9R&<`@.F0R7")DZ`/?6C`"D(P-Q/D
M(.-FT$$1'`!&`+;@[B=8<\1GB7+_!8"@B_G=Y0F8]H(#F&!58]B0`-S@<`]P
MX-ENZ($/LO9X`CB!8ND0`;D4DT*)%$4%&2/NW^Z$IQ3=&SK\[C<(`'Z%"(3J
M<F$7N\1!@`#3A<!TLN1M!QJ0@14,_G29C7@&.MJ`/D3(`QU0P`D\[@`(F<`$
M&4,C`/**\@Y<DPOY#:8`>-"!IHDF7L(=HPM^`$J":<%,%!C`&"39$AF3TWT?
M!E?358"`24I=1*M';\WB'&G1%I^68SP647*@!CN@`":7.KF7;"1P`!Q09&>V
M`AQP!J%2!A=P=F9V9K)T!+QV=AD@=R`P`'SG`"9@<A,`!P0@$R.(9LW$41C#
M!5X$1@-`_T8$A`(F9$&;T@,J4`=3E@`@,`<Y>`*=H07"-10M8`"+A!A6`"Z$
MHP``51X(P%AQ`H#R]F*MIR=8=Q('J&,[!G`L8$:R5F:Z-UYG4%YGUH9P9V9U
M<%1FU@#-!W=V>(=G]X;JQ0,VX``P<`!H8#I?<&8=.$MS8HB7(Q2(-UI^%0,J
MX`(Z,#N9`@,29B43HRH?,7\"<`89-'YE`Q\5X1Y%U&?IP#MR(RS;(V]5-S@$
MJ!9AR'4`-P.FQ61IR&0%``+;%FL0]X$0=P%]8$=,=H?".(QOV``&9@9%P%(*
M@"\9\`)V.$L9$(AE($LQ$#4SP&4V0"9UX`0T4`%XH`!-`04VD/]:6/1L910"
M'`0E'N$24X``;](1P0.%SG-])Y`@`'`";D!044%<4\>%)=.*KKAU'`!PT'>(
MR79\<H<X))`!9Q=QQ=@'!P`"'7`!S5>"Q#B,<\B0'F`&8U!G&3=X==@!;X<E
MNPB.+N`$772$/,`%9C`#;H`#?$4!CX6$3N(I.,"#/Y`#4`)(=7`"ER$`06<O
M,-`>D')5;%,'&Z&$`"4L##`5\1:``M@<7VB`"`AP<X)L$[=J9_8"```"4S`5
M<==\=7AF)'!4*T`"<#!+%RF,S;<"'V!F"N`$$6!M:U!>&5""=-@`%I$#968-
M/$!L67`">&`:-I`#.R`%Y0<"M:,`_]'_)&X``ZF#!#]0`C9G<P9P0&;@$?/!
M'N]TA0\T!ENQC_GDE,<15E0'8U8WE:\(<!LB`J>3.F+7!YPC`FV9EVV8`;+9
M`0G@`1-@?&M)C%^`9BM0@BOP`@(`6;)TE[+$`C.1`TY@/`V@``+P`Q@P`F-@
M`#+7`8]767@@2U,P2084,"PU!7Z%!"8PCA:014=C`#S@$3J@@75U5>VR'E;`
M7!'01Q'``UZ53UJHBE$IE5^XFH'A!D\``\HF2R!(EG2(@0?`:W1HAV/ID'40
M`0*``B1@F[\)=Q?P`A@J=]H90'ID!C#``S-`)@F0>6`#`PG@2P[0`CE97E.P
M!VZP/`W03!S@_P8H<`4_($<F``?^TC0*<`9<H)ZJY9X@,&1X<!GN`6+U>2L@
MT#9CL)_#0A5/Z15<F&E3J74T`'`E8'T1>($-<`$J()%F9I%PYY!G>@%C5`!C
MF:'/>*8..0'+T`,V4`(*D`,C"@,]\$,.DP-%8"8Z,`+"9@-:<`*X\$`V``4<
M4&9:<D8ZZ0(N@`/*]GMG0Z2KXA%S=I,99B3AHG11:'DF0!Q?P(];B&FL^(5:
M^F-RT$71@@3E93IO^D1G4`=Q1XP?:'P9)0`3V:9N2HP$\`-:L'<.L'?X10$N
M&037UX=@-*P.,`==$P%N,`>%NFI3T&:U0U/]PFST`D@9AP!6,F3N,?\IMX4>
M[`4#7Y6*E[:*``H=6@=P+9`%,-$'*P""$X"7$T`"*]8')/"!Q-@`),"5!K"O
MN)F@O<J6<-`!,S!^7%`'=V<"1C`&+N`&)M`!E]<"=>``?#<"#J`#!44#VN`"
M;)"5'BA],&``'5!&K?8"')!GVSHPUW<NII9TS0-5+/"B_(FNIXF:7@A['@!P
M4.`#TM8`P=@'=_F@?-4'%\!K%_F@?;"B<7>7!%NPS]A\LB0"=]<")0NL(!`"
M#<`$*^!",^`Y+<$#/!`$/N`&A:0"-;IJ'0`#,W`ZI9->=<`!DKBM^`%V12)D
MX3(%YP$1![`'+<``)'"S+9:N.G1U/*NJQ$3_$@7`AD5[IEX)<;QZAP\Z7@(0
MEF_HBU+[FQTXG"<J`$@@EA1Y6APP<N%S-1X``FM@`GT0G$5V?&;V@OR@!?XS
M+SK`!4U(`_I15T42KCC`.K@0"S.P`__Q5?I4)Z:9LUA:@&"HN"-`!EC3`7`*
M=RN@9K4ZN1B)!`D``$B+D9L+IW48<<8W!0;@!@K0!T>0E[V)H!`'@@7P*ZU+
MKT5&L9-D`C[`AU[4/\XV'R)@*6X``AQ@+NG23BJ@<2?0`BN)`=H3I?Q)I<EK
MN*T'D&VAJBE($K,T>'V@)>T;<=C+KQ%7NB1`D<+(KU*+H&W(P0CK!@(@=W1H
M9L;GK[4Z<0LI=V_X_[H3X!0P0#P^B(W]8V=6H@`SX`)S\!,JP#O@*@4BD+H_
M(0`,D"#&Z\!3)P*!DR<J`AT'X+P8BSU4`0=TJ)M3`*%,RY9M^AEIFH=N^@=_
M\)MYF0$4N[TCS*^\>)%M]P)'0(T&E@4Z8)A4LT7!9`,M<#D=4!L6]!H^0`$<
M4%L:1A&&UY%1YU4K(!4.S$];^&*#HR?00<$86P0P@(M).X@"@``D',:4J[E]
M\`<YW)L90,I1*XQH7+!0.Q7S^KUO/$LK$`-E(`5W\SLU!TPWV"13(@)F<)Y8
MA$4%I0*H5U"\XP&%]`-<L'XBP)3'^\#*>ZJ7;!!R@+'83!('<`1]P)C.V/^K
M)-P'7)``(3"<%^"+:6R'K9S.),S.:YF7:"K+-7QF8%,2,4`#/S6=!G`%*]=W
M^S,`L'-%]`+0+LI59X+`^JD1#&"N3%E#A1N`R\N\F(S-#F`#@:>=!%"(X?RF
MK-S-!H#*JES*I8S&Z4R,);VTQ,?1\@QW?0(A])4%`A`?`'`%"*23_LQE+6MS
M+9"9!2,F&T$<(&(555&E_KB\:C'1%&T#$3!%!Q`#*NV]=D@$?W`&"E!\J3S2
M))W56KW.K:S.Z:S*;[?29WJ'+'!Y!F!W'L!K;"1Q.9!W`Y!?+#4#\:*_6`1(
M/;T140H#EB2X5P'%I:JN.PL$UDS1V%P$^28%)XK_!.`<U20``KQY!%>]U9(]
MV2,MTFZHSF(=EBZ\`B)8!@<0'"]\9B872;H13#P`!3K9/WHZ+W?MTV,0#>GW
M?])LJJ>:%H*M`==,V!A[`RV0`+C0!";MSI:MKV<@`N>,!NC<U9.]W!-`TG?X
M!ZD<IIE-D1=,AQEP!A9@!AU`G`+@`A0``/%A`L*F!103J-AX=Z11HCL9&:Y=
M1.L'`,3AU_ZIL\YQ`+>=VX0M!#=@!&5+O"9G?!G`S6E\TJ5\`7]0E@C`!!=Z
MX`:^W`ZNU<\-=UW]U&I,M1Y\!`;F`#W)!%S0`"I7!SV`-9$(1N!G`SJ@`V,P
M=+'%7A1P`N[7UBLA9TGY_P%GO13W:09[DTF7=J4#:-N#3=A&8`3#:@+7PS97
MP*%H@-G#_0>^R#D%<`$E^.!2[N`2/MQBC9LA$(17``-^S)@=\)V!JE_)"$;2
MB4`DMF9F)`76Y28FH`L=X0,P("9$4$C=,3T1:P:XY#=0J4.6?-\4#0$8*P1&
M``&!"2$4:T<?D`$D?<Z,CL:^2`)G``+W>LX-,.663N6M',=KZ:#6W6MT<P5%
M4*B%(@+CE[$6D+%]YP0$($O#UVH$L-8%4!8%4`,K.P!&Z-.>AP1NM0/4X`-F
ML#$A,,G_":!^3M@0``&#[@`S$`1!0)LU,`-7L)!9W>A,?@$D0`(G,`4D4.T#
M#O_A6'WIE%W956[E;RB;\I$W"+`"=^<`0FX!?)B#)E"=1=`"9S``8:0J(P`"
MQ`*[;#1P-]E&`M4!+)$1">($".`!@;4`D08MQ27%/'ZJQ>X`@(ZQ$"#H78`T
M`I`!7\`!$6D`!W#MT^[H#;YB,\S562WAX&[IE;W1;\@$`.`$O>(K7$71'><`
MJL)W;8U-PF83]]5G'H`"S@1\/_JC[0("#Z,$K[(1/+`#'H`\(-`$_(<`')`,
M&B.$)3+-9*$B$4_Q@2[D6N`F&W(%5W"9V*4`(,_DT'W.&4`$C!D"BL[*)K_5
M7IWRDLWR1*NO'=!NC:&QNDW1?98#*9@#RNQ%/.`$6\G_:INE5TKA!F;``>V9
M]"VP,@_A`:'4C6IA``5@]9NTO%M_[$(``7YP[#H@20W8M&34`5T9P`N)SFH/
M=Y^<QAFP[=_^[9-]SAJ:SN!NY2</QK$O`'HWK!//]QA;&OT\`EQPUGQW<YI5
M9'<E9)B#`!&0`PN[(`)``^6!!%;`!C8"`#@%`KLSWWK4A6@1\<=>_N5?!`G0
M!]6C`!&P@FO_M4+3`5(]`;9/!`U@`CA`AV>OW,L-"'V"%TPDA!-$%W^+C(V.
MCH*-?1F"#3$*("TV#IR=G@XY<T6>-CH.(Q8"=1EP'3$H+R\3LR&UM3@M/DX)
M/SDF2!4LPBP5/P(L"$][;B<`_SQF(@7.*C_5`-<(UPH*0`$:<@X0X1#DY9Q<
M'DXG'"8@*H)$&20*9P(=?Q=]^'TF=1U,CR(]^I/A3R1!)#[TZ1!"T<"'DO0M
MJG1DQ8H9;G2,^L3Q!D=.(T;H,!`A!I,)+U#$B#&+5JT:5I9)D1)DCX`:-8@%
M0R)B!@LV`E2<.1'!0((9"79$2`#BP`\G9A0(^-%B6[=OXLAQ*E>NB`L?+MR`
M,`'@@L,_).:9."&""9-\!\XP.T%BHB")$Q==R$")$0FW'G;\F`"Q<%Z[*XX8
M=,+EHV.0GT(6*=*C`)H)9>#$Z-"2%HH0>$`HF#+%18L*%9"H#J:"Q9D#"(*A
M5I'M#/\--P<`(#"PXTP"IDW.B+X*;AQ7/YV\FM`E0"H^AP4;3)!Z0L$$0Q=$
M>#BSPJY`NP_U];EV3Z+X@'C#$\S00,&/Q_`?:Z&@@&6?!K(ZVY(2`@<.]RK@
MA$1.+`!3`0<_*!`;:@C0A@`""B)PQ0X[L-%$!`>P48T'Q&W%%01^B..`#B8X
M0=4/*@C070-HH/''!V9=,`$`ZUP1@D4A@%#789"8=U<?-0@@P`5'7-"`>085
MEAXD9J%@0@D.(!??E*>,T,,,4QR)$BTMA8#"3/YE*&`-P0C#X`P_F-#:@VRV
M&<$>L"'``6Q`1:"!-W)\6$Z(0HSH0Q`[./$$!73]T<!>C-S_958''AAP`AY]
MG,!`CX^D]6,?!:2Y0A\DB+=DHI\^!&,!)I!CA(=4.C:"`UI@J&5G7>+P`@ZD
M68$"3CE98::92`"`%`VT5=`F`FSL0,&PQ+(Q@QIXZKFG`S?8L$,0+O3P1!`F
M\/7!MGP]IT@?1`A2!PAG_$``C(?J4Y=`)("00'<Q9G!/6MX:]".H2PK"%U]F
M9?#%"3"($Z)6GA`<WZJ<8'#""A-\,8%TL(800W^T^C>%%0*R0"82.J%V!0BZ
M(0O"#"`@RR9QSAKL0`].F.`&A3.$"BHC%Y#``"9G7#$%D>R=E0\!5\!H9`-%
M]IN!603I=5"23'O71XR*G)$#5^.D__K1JA88H$`##9`P`0JPNF3+2[CFQ+%.
M.FT7<L@(F!`!!0(,R\:#;*"<\E8C+!=!6#N8T!U$WQUM$`D=7"'`"=6%,$$D
M1GZ@UWK[QL@IO<\YG>\112O*A1E&:$7U)R)2*4(.G4H72]@3C$UVV<-P+)L*
M*F@=,FTT_(#F%<C&=4`;S::<E0,_N-&#%SX<_K>2$IGEU@5??#'%`2<8(,`5
M+(3P05K\"N*X7_)@;^BAX"U]:9+\7L$#.1X9E]7O5@]@`@)33`"'1:BKOGK9
M99K9J`%SFTP#LML9&>^P\B'C($<'88E`!';@J'L8!FD[^H-%CL"$KEV!#2]H
ME`FFAX`7Z/]C7^"S5\^0)K-+]6%;"M'+!4[`!2$(X0:=,X=Q.B&BT#G&`BU`
M7`@@%K'4V:]L.!%!`CA`@R:0*QL`$%8V3,8F#B1``1JZ$P&=%8XNC,$-;J#6
M$WZP,,-43H+8.V&1OC"##I`@$7\(@0*N@!0.7`$`*_A"70@!!X#\87'(^Q'7
M#K5'$LQ`!^@3@IY05;#X;$0+3N`:ZGRH.B#60`4M<$,+#'`%*\!.6+I18IN4
M>`8#/&@&`K#;<;AR@R*,`"PN"(*FO&@OI.T+'QD(P1F$=I87K4`:!^``N1)0
M#QAP@0$,6('C0B60\Z2%`5RH@P(X$($YF,-W-=Q*.*A4!Q75SW[_(6`=$D"@
MP-940`6H"49LF'B`!'C@00(`F2BI""(CK,$'.\"B"5Z0`1A]X`B4V`L:ZOF!
MHZ&A#`792P.^@`8`>`!1X)K$!89)I#Y8A``B4,!2?G.&BAK@HB#(Z`DRND$A
M"8D#(`TI[@S@S!?&$)HTM)H#JC(+.#2@`_EAY-B`R`(NNDXVX620@QY$KC@A
MX(D`6.<HPQ&B.KA@!G-8A@!(D(%])N("9?B"6;[PG`;T,P/X9$(_/?`.@^3C
M:43:RU3[B0\2_&`!:$5K1M%:T;;Z1@'1,",POW!/?%[``RWL`A755T"KV0`$
M>(B!9CKP&;'9PI%(P%"9HC`,`#C1I\0R_T#)VI2@H/;.#P,+$68Q"P$CP,`)
M'-`!!0S@1JPVE01H^(`PV7,TII8A'V+%'`A6P"^"^NM04BT2YM#PA2.\X*QI
M#:YPV?J">Q*)"1LXVE<_4`<>""&&0N!L#?M*0QFFU!-<.`$/5L`2%(#-L(?-
MV!4X0*9A,`@$)F)#%!#@`7,BZP<PL.P4/T=*+CAA!_#$E@$84(8M#&$(<&#>
M$>CJ.*E&H0K-JZ>_#H"Y/TB52`<>Z!>>9I`)?R`$"1BNAMDZ!;Y\@3TKZ4M3
M<]`""-C`!J?J$S1E^#GX.,$'"H!#+&**39RP8`K"&N*#O(D:#T3@!`\ZP_M,
M!E_YYFE@SL*L<O]VX(4?N$``4OC"$%*0A"2\`0Z][</#!MR`)23!I5)%PP9(
M$(8MX'.@1\!"$EC$LX6>\`,QH,&&-7R&$#RU#U.0P@JD@(`:O.!('OC!QP:`
MY!7?#3X\F`$")L`2_<S4D168`KF`?`UB`"`!$?A!`JZ@239M(P'7$*IF-PLB
M")@F`5``E()B@(44A"$,#XC"$+"`A2B$@=95\+*L#TSK,%1Y"%&@-1V6D((E
MU#H*QJ;#$,*`@B4L80$/6,(#DH`%:3\@VL&M,U]2AX&0C&``PECM%3(@`B@4
M(;.&WJMC<K`U5S3:L#7()A!3(PPW_.`,EP3``6;``07L=%@1`)F1,XO_9.EB
MM@<]^$$/\'L`$%R`#BEX`Q:V`(<W6%G-57Z#E]6\!2J_X0$I2`$6'F!QB5.Y
MV-.V,K6KD()KESP)+8\XE;,]A45(H=MED$(9E#"`)H3@"`U8`1.^`((!W.`&
MI4ZWNC]A!@`$_=W@E3>NB&$FHOS@`"H`P443`-EAC4P!H>X=B#:[6:3?0*\\
MX($-6D"!#:*E`D-X@ZNO3668/V`(Q!8Y"NA.[0=`G`YP&/F7^0[R:;>Z[M,.
M.<R78/%L2^$($V"!!:10A<I7P0+^+I)#_\`&&/A!D.(09'5O($CD(.>9[!-1
M$=3$DIA&7>K"L#$+5-"$%NSA!Q3(.H8>Q#:>_YI`!-<P\MC+7GJD<R$'#@"]
M%YQ`@0(T8.1PB(+(4S#K)"@;Y*V&^92'8'CKIP#PM!Y\X:4-\6*'G.1)(/;B
MJYQM)#Q,!1;(M;.7P``1("#`!'WI"71P*AN0_N@0X$+1I6*E9D!(5S6<8`,<
MT`&*U"7@Y4BR)PQ(D!L(@`RS!TYM`@*C!3O!1QSH9BH@@G0F0!4#8`1B,`+J
M\`$-,&5O('=3!G,9MWYA8'(P.&5T9W'3MG<WF`11`',T$'*,UX(>MP"-EU9G
M4`/Y@``#L`77%FT]AP!<<STO<@`P,`8&T`*J<&)&8`2<%24!^"$WX`=(IS("
M```O`'2MUR4U1E,=T_\QX=0F[>4!(L`3P3=P9,<GI!<B3O!B!I!\6>`!$_`!
M=.5?P'8$53`$6T`'LH:(%;`%?<`&87"(54!QB`@'_Q4%4;`%#0")<`=L3!")
M3;`$&69L6)``SK8`2W`&V68%1#``JS("6[`$0S`&#B`"8V`!N)B+Q\<#`V`!
M8P`#/"``)9`&Q%B,QGB,R)@&70`#N(@!&9"&:MA(9:,KPU"-PM`F1J0U!2`"
MW%B''GB'GY>'0K`&P0,`0J`#/6``4J!/'V8DWD()1V-5$B15**$M17(]=%4T
M\'@$8=0''#!G&F8`&"`&5%"0>9`',I`'$B`!5+"0"UF0#-F0#OF0$CF1%GG_
MD1CYD&*``5OR>E('$P0B`F92)IJD=69`8HAC`@;@C7@"C@&8AQ``!2:0`UT@
M!CH0*/>!3W)4!ORH#X*X"/WD.##B4.-&"89``F70!W35!T?`*?F`541R!!D&
MD&E%`U)0!&DP`GE`!0F)D#H@`Q8Y!UZP!F3`D!EYD52P!A7ID&00!V?YD!SI
M:-)H-CA!`PE0@>;U30<@/2TP`\+1!$!!'QW8DG?XD@*X!GO0`GJE-S>B7$1C
M%IBCE/B$#Q^`!EQ#`@)P`/WR!T,'=/TD542S+_["'A%`E2I``&/`!P,``B(`
M`5PI`7E`!F`Y!V6YD''P!/#T!'$0!&#PE@ZI!VJ@_P<7F6J^*0%BH&4>B2M6
MH"LU``+,8"#?I`(<<`8\4`=G0`$4D`!.X`8S`';`9X=D1WHOA%E>$`$YL(5<
MH&I?D!B*00EWP2.-<`1N0!@%T31Y<2DUXUNE"9!^(`$$\(\)$`)<205S@'`F
M8`=IP`42^14,&01KX`54T`,^T`-0<`<NX`)D<`=KX`)9(`'`*9P2(`-NX`-S
M0)PM<`=SX`->H)`6.0!R^6@PH2M3,)T*,)((``("4``%4`?;B`0J```LT(W?
M*4K$]T(!"`4]4`0@XA5N8`#^5$\-P$J*8`(?Q$I>90@U!9!-P``$8(0,0`5%
MD`=NL$![L`=Y4`)@*0%,YO^0=N"@00`%3^`%0=`#7[$&:N`%=N"AP<F0*MH#
M#OH$%]JF[^0"%VD!$?-#-+4:9K(;.TH:=0`#,%`'W-B-@_D-X"B>2"<$K3("
M$"`&Z+E4DY!/5MH!`N`X]6FEAE!.`-F0:<`'KEJ0!$H%0:`&M*H&8,`#1;"0
M/N`&"YD%N[D&0;";<0"L3[`#P/J;>RH!NQD$3]`#M!H'<#HM0;"6$F"H'OF1
MN!).9G(`+4``CXH@/U`4(B"I=0B>14H.0E`$$3``+H0<+J`"#`"5I_I`[!:J
M5DHSVP&0#F`!-$`#('4&,,`'.I`'7L`L=TH&9I"F<JH'=Z`&P.H%^`4%6?`$
M>A#_!\8:!,AZ!PS[!!H;IT\PL6OP!&1@!UY@D500E]$X4SC`.N'D.@K0K0J0
M`&80&_0``Y1:J7(`CI_7.9\'`26`8H)4!#MP!810G]OC12>`!#4C./=Z`0)`
ME3=@`=EV!1:0!@2@!W:P!EF@!QY0`A))!C[P!$^P!G;`9+N*7]/B`SX0!S[@
MD&`@ML6:2O"T!CN@IFO@!F*;IQ,)`0SSHN&%*ZIQ-L*@`@I0'5JC208``P7R
MHSCKDG[0.3`D2%WP7$8@!-EU`'SQ-$=;&!DPGTM;2UZT0E29!GDP`@7PC_70
M!R,"`R4P!R70`C"0I@])!B"J!\0#L5X`!GH`!F!`!2RZ_Y`RH`>[2P6[V[N]
MR;M<":(.>0,,$#9KR#IY>04&D`,&<``,PEYG,*G`-Z2$27;M!`%A&(!B0`XA
M<@-<4$8K8"2@^Q`A0`$;T)1'(S./8"0F0)4$P```8`$.```+<`)6,``0,`8%
MH``\,`8W`*L(C,`R,*Q9L)4)_,`0#*L8F0=C(`+7-)<1N*@)4`<G$#<-XECU
M``"3RI*6JK,Z^R%&<`(=P)1-Q4I34!+PFP^LI`],4+\`>9!-L``T,``.0``A
M``&9N`5;L`(8@``?@`%(G,080`08\$9$L`%(S,1)+,54',56C`$=<`(E4)-^
M(`9^T`59P`9]>Z@83"!45P$'\/][!N`@*D`H)H"=(]RX)DQVI2>&1S<`)\`$
M:/!FK)0!/\`#&;`I][H(3&``5(D!-S`":<4!4*($J(B*-#`"3=!A8,4U%[`"
MF,``3Z,OHMG)GKPOG,(`3M`"JR(.13`#,+!(,G4_4Z<3(``#]*%$$>`&%75I
M(FP`DWH"4I2S<[Q9[<K%?L`%/H`'^\0>?4P`,^`!@3ROAG$TJDB5'#`&$/"/
M"V``4Z`$M'9M0S`"-%`#AZ*^^-`!(*"TG/S)YMS)T_%CVN4`1=`"S'<?4*<X
MB,J&P7`".1`4079.;!(!)B!1)V`"OS%`O-S+HS8P0E`".P`#W[*^`[%0L;,S
M##T0DS#_`<],E0O``-R\`&>``"/`?0^`!4H``#X''05!`G/2!P!!`NEB0BR-
MGTPPAZKE`3R@`[A!I<CIMZQ,(%80#"Y3`=O!;^/$4Z"T'$\Q`[M,T-YK#I/D
M04>B&*';3R?@`>GB11*!!!5MT1B]'0@@`DH@!0J@!`SP/R]`5?LR#PM(""K4
MTFJM*$S)-040`2W`19K\;HKS>M#+`KK2!(12`>:42=C`)A=E`$]Q`@*-U-(%
M`5V0`SV`A0#```W`S!`!I=`3088!#S%KT<'%``YP`A70!+FA`![``6S0$"ZR
M"$30`6=``$R#-(/<"`F1%@W@`2>`!GA@`#-VP3!JQL(``@E2_P$XRB"=]B`>
M$&ANP`&%;=@#TP4M<*%0$-<BP%1@I0]'\@CUM`$`\`,&$-W?\AT3D0A7,)68
MC58%4`0\C`H$0`-L$`/?#%9_P`%(8`B)H@CG/-\9P`2<\MAUP)1'<`SL@=M_
MV\HL<`4HP@*"K6-MPC:\)"=RT+V]'((A8@/!8P#H>`67\311^D62H"UU<'5B
MI1#Q.[\?\-WA'5P'8`-E@(D\=P`-44]G<0+=TMJ#/`%'D'7WX7IV35/!T`(1
M,!5%<:.X8S(18")VPN!(30X#`$JU'01NH`+7(S@)\2F8PU1H4``S$$P`T0=H
M(,.0\`$"`-XCO@V5QP&7!QN/#2,$T?\']@#9,`XXLY`!,T!/_IW3$H@4((-U
M.<9[>#X6\60`WTC08U<.7.`&4\```N`"&Z7:1O)*CD`D#F86_ZS>"@41^^WE
MX0T`(#!_2S`&M#$!`341;Q31:R[1ZMT<ED#&99P3J?$#8Q$;R%`!4<TFNJ$`
M!L`#%'`%!]#G13YV1D"]'8`&`I`%)X"YB0YTE9+EZ<L\GK0>D_D(5D4N(YY6
M!P!MU[8$%G!.%U#:\C`>1!OJ5HKE06<"+^6\\SQU2"!1!^`$280,#9)[;3(#
M'?P_!W#4AKTGF"4&5X(&;&`&)M`!\8A"U'TT%F$H5L`!3`7J3^/LSZZ*8R!M
M6'!S'%`!>_'_0880`B<`ZMS>""QR'V\.=:O\WS8F`AG%`B5SO14@`/Q#&S@*
M`PE`&VQPW$5.QT)@`C/@,"V0:#]0%TWU*3(<I2K=`)E0WYOK"$<@6<^.5D>!
M"B-PWBK^XO)P`2]@`A9_\8M`"=S5!%<@[N-N8_G3K^`D+.OUW0E``2T@`@*@
M:`C0!/*>ZW0\`E7AM%HP!Q0``P7`'G=QM.J[%YV2`06P7T>30O-KR$6OT3]`
M`Q[0KVP@!9,@0D<S`3,0]1-QX27](O820HY`"9P>`@N(]6/C'W<M#&Q@`A60
M1`_R36Q0.UX@`N;Y(!RPX"6,W(5I`Q2`O_OG!BYP!0UPY4FS+?)M_Q>!3`-T
ML5`#X<R!CU8_H.[5@Q<"<<DQL^@-71#W<57;HX(170GMH@);LA(=WQ_TG.YW
M>;UM0@%.(`*(\R`&D/:N;\=BN!P($`(SD`HP4$%R!"-%@@9IL2.:VS6B@0@2
M30)7#0@+@H.$A0L)$RM]?XR-?8M_#21G'8V6EW\?%Q^:%Q<9EADKF'^/?8D>
M'HD3,3$3(;"Q(36TM2RWMQ44%;P(```("@9F(L4)'`H)0`$:<G[/T-'2T4)&
M-Q!&)@(95SH]02L-1T>?7QD-?:"0?^%H)`;II.QGAO7U"1T?ZXZ0%R0"`/;)
M^^-I49^"%QJ!PI3AT80^4T!T<!6BE:Q8M?]LL>#%`D$$!!6`^5(AP("48B(`
M7$EP8EFS:3!A"O$C!`(7)RH.<!G@!@2'#E]('/R@Z$*#!H[.,3CSB50?!@GL
M21V$3^"EA0K,E+(:ZF@&!B3^D""A">G"2Q<>74C$@0":$"\L7@R!`X>5NU98
M(.%U(,*5"AM55#@3848=*050_@+@TEG,Q\]N^(%P`X:3&69:".D!X@"'SU<4
MA$A+\%,&4`D[,)7W-.I4J54'_E&'0&LIV0TO=`!Q10`'#P+"?D"**>VIAP<D
M3H@;8VZ(*=!9V$*BP@`($[PJ@#3PI$7B8DB0+&X,&;+DF6;,F*!0Q\@)))E"
MJ/PLX,H5$21.G^[_\P')F0;Z8$("%ZZ]=H\*?1#'T&E_U&#"!$1PI=`'&0C@
M1A$\7)B#`F3%0(IQ$X38@0`"L`*7<U,<X`$2M530`@@4<#`#2`"H$,4,,RCP
M77C%_$)>>8^)(<0-9BBPP@$&E)##%YXT,E8';'@`@@$&M'``'G\<L4("!32@
MWY<DX%&@@86<(0"3%Y!#VA\;)"1*'S]<P0!!#7AR05`$K7#!"E=$T$,7&%H#
M0@LMN(&&?D<PT8>6XZRPP@0C<A`#"C@@`$M=.-1P@@%G`%`#"QXD`(("""3`
MA@D=`>"$`744\)UB/C+C&)`P2>9'"0?\\44')O10QA%A8?(!`UR<4,<!_Q3,
M0.4,/ZC0P01AD4`$02J,228A9Z!Q1!_23IO.H1-)<<`,(."7SK?BD)/!$7B8
MD(,11E1CS0T#V,"#"$?HXZ4[7QR%!AH-O##!%3,XX00'";AA0@T(F,"!%,*`
MD$"S2+!PQ1F#-5'!"3.(X*JKL*;T(ZW10$`9!+<>T,<7%+AA0'[R>/(%!WWD
M1,(7NRH`W*8&S*"-E#^<0<^U@X!P1@'`L''``0*`@",%)PA`0PYU*"!TSYNN
MR$0''4R!QQ4\"%&3R=?(Z\`)`'!R<T)"H9,@'"B\('<('82`@@<SG'"%%``D
MK,`4)QQPRPD:LV%`PS!,@1C(L#(F*\G3H/Q,"?]7B/6#"`T$E1!#3$PAP!\Y
ML/$!$4;Y\\A6(2!PP!4MT.`;"+!3R:G00O_`J>S7">"!??8IP$(Z$F7`A)[D
M_#'%(AWT!CN)">10Q#4.Z##V3))AT,($FY#3P$,/O?#(LRB$?U%=#BI`BW8S
M;"0U8`9XP.K'C/<H\N.0ESRD$%F\G$$(I37)T`8*$,`'6H``4)2%-:>C4"@:
M\A`23(!F!9G-*/IGITT8H`/"(T&=Q!(63V0.`%+X@QER,`(_W*`(+3B!#<HF
MAAN,8``FN$(&TM*0$(A``0HX``!8P8H8U$T64PB!E&I0`2**(`$`J``-:*`"
M%AS@##,H0*L^AI*4S.__)?6CQ@V,4`(0F.,(91B.ETCA)>#\@T.9^,.A,'$0
M3ZQKAJ8PQ;KR$QS_$60V#"K%6#9PABEL8H)X),@B,G"H`[1`#$(2P@E.D(5X
M"4$,.LB"`&8`A1T8X`HY$,`B*?"#'/``!#ML0"ODDBD<3,$-M)@"+:SP&21X
M@`."J<`DI0B_*@+@BK/*(C:V:(($Y*=.!@%D(X;S!1K(<`4@T*!I\G4)M20$
M6*;Y$AJ(0`(TG,E__CO+4?S!`P'XXPA(.0I2/L"(.RF@!?"Z1@YR,(,6\*`(
M1M#!J`B0.C/,8``8*$$+#-"#-CA@!#IH00+HB0*[/<=N4YA!!(@8'B(B($ZZ
M_^@%CEJPN/CUR'%8S*():R($&+CA``U@PB9^"0H&Z><+`D``"5;@!A2D98-.
M.9U!V"C!X`1(-HPXQ0F*<I9&@!,.7U"A'XP`0S-\P0-(<X()3M`!$AS!`T^D
M@!:X"(46Y``&`]#!"$:0H1C,#0?-88$!G$"!*62JH150`79PDH`9,"T'4R"`
M16\9JXQJE*,MZ"4`\G.HTY4FI[_B@#@]8XX/,$E".'73"FR*6$<080,"4,`=
M!40"7O'`!#/(P0GPD"9R'(H$(E7`";B0`R?D@`L0Z`*\'%`$-[CAG5J@``M,
MU!P1_,`$&#B!^6K`(KV(]004,,`!>&$X)\`@`C!X5?]*ZII+R)$-92U@@`@,
MP`!"SK!)I_L$A4[P)0[D(`.&71-.BU-3$H@7IT3P``T(,JU+C*5@`JB#['2G
M(R3$8`,,@,&@!K"9'JA7`#QP@("CYX8$F,`,`ACE"Q3`@1:8H0X8T)T46K07
MA+&A(PQ.*0A^X`,85-&*&&TNR2`P$S_8H`4KF,(9'O403E`P'1\@`0<XL8(C
MJ&`&`!`%.L;[H=E\@`-D:6PCII4<TI%">#/@@G&^P(`ZP(`#M`,``6;0`^DI
M\@#D^`((YF"$?Z)0!74@0`>88P8#:,$"`QA`"P2@RNE40$H58/`/VLJL""A,
M!$AHW,AT>8/*@!0-*TD`2WC_``,`K'-#,(C!$3;`W4/Y`P8)`%!/>=P(Q0+Y
MO+*Y``LNW5Y,,)4)9@&O43@!@!G08``F-`(,6C#-E2D@!P+>J@`8L)Q)=0`9
M`QA#51/0!+Q8@18;J<"X9L!K!!@@!VXX@1O,P`/ETG7/]1.;$2Y(H<J.!8=0
M)14;=*9)')%@`Z#^@UHG0.F8E1?3\C#@":;0@$Y;X@H<6(%^5AK21*$A!@9P
M002,T`4>M',LX#Q""W3P3QT(X-X"6_`)+!"U;=>!+AGY5,4JX%9>J``$R)VB
M<I<;8HU"`P)%X``C9J@?@AR!$2Z>S0NL,*I-),@#9NA@3@]B$+_*0Q-]6`&0
M]6&*_ZV8AEMC62D`?(/N"1B``%[*'E+&PH@C`,`%/^B"`TQ`@'&DY0A<:($"
M`EP$`8@@1*W@@'I.<"E*2>'LP+[+1G[SYGQ?(02T_/!%H0VY:W#A`!$<[R+0
M(%KM_<&[H^#/:=*4#CN5G(WY^C%8&,!X!G0`:5%2+P>F1"4.F,`$3)#'[M"0
M$/&:XA\N:($?SB:)L)Q<`#TP)JQS<(40O2(G`O@!`"Z5*>AXX`P),,`MD%"J
M*SC!#4\00`@T[FQ<>IQL*&Z`O"GM"5"VD002^\$B/+M&"KE)D`SQTCNH=(;9
M6<<#5X6!F)OZA0UD``1U8,*D=95#)L38CEOI0Q-*$#;29__W[V=0P0J<,`+6
M)Z(Y'&``66`"!4`I<`<`!I``'N!A".,!P!`!+L!)/4``!$!\ML1<'I=J+Q-C
M)S=>3B4"'#!X?P`6!6``\($&@P0P.S8;%=2"#;%2',``^4($-/@'[74!&X!R
M'S`.1R`"9_`"PC1R(@`"VC)3EM!&=R<$#M`".540E>4H`+!4KC`!=7`"/&`#
MN@4+*G`"9P!*JA0>H&(="1`$+<,#<B57M:1G]*-1-\`%9B`*,\1C)(`",X`$
MYV`<"0$`)^!COR(6\K80=I)3"N$E&<`!FM."G_`OAS)XGD`".D1.E]``'6``
M''``RR>(EL``"C`3+2`4$?0)VW/_!`D@`BN``"=P5?8"`BHP>1QP!4B0*9]"
M1%9P!@I@!2>P!T='`"]`@8@Q11?8<1[7!0+0`8NP.>-U`0)P`,K41NXW`4>3
M)8KB.;IS`#B$`"I@C0"`"RR@`N)Q<>9@''&D)HE'(?JA`E=@C)66`1W@&<,H
M#T3``&9`&3"@C,9H%$?Q`@F@`!UP`G-@`Q9P6>3B`0@@!71A%U901+<@7++D
M!G7``!3(B[3D;!CH<5P``A-`(4P0+#C5``:@`J!%3FUD@P=P`E^`!E^`!P8@
M`"K`;2=P'9?WDB]Y'3#"!2GG"#R8#M](3A?@.59!3D2`#DUCAT?X"1W``Y1Q
M-O`A%N4T_P'<L$@M<`5;Q4[T%`M2@`,0)P7A@016T`1G<``K"0(.V0$4"#\2
M"8S.!0%+R`"FDY%Q-!`?@`<"`"`*="Y"P2P)P$D1$)=65QK7%4=Q6(AJ>82/
MD`'F4`H5=!0A<`(W-4P-D2@D4`=`Y@A-4I0F(P1:<`"<4(P3L#TG0"@D-`+N
M8I'A$SYF13Z9(AV`H0`?=2H4*#=H.`5S-9$CAC)JE@%,63KE9!KR8`8J4$XC
M=QI$\`%R$P_UP15?LA\*Q`%*]B4*D4<'D0'F=0$O8``@>1KF-Q8,P`,)F(`=
M8!0LF"9$8`!=0&(V<(YZ`IVBL`(F,"HZT'6B@7ZR@"DX(`6_=O\^+"`,VD%U
M*_"09/F+=`<D$*`%VS`;L]$'_W*<I+!N.ME,/'<N];%^S122?\<%,&,)B.A&
MF:`G9V";"``<'!`UG^$!(L!XNN5!_G`:T*<%E#$`,@1:3`!JZ_@#6<`%W>0!
MDR(,<V%*K\@"5E`Q,#)<4^,H_)F&'&>6(^8'8^!-)T=..#=,7'%!-0<)-8='
M?5")$&JA@5BE7'"<AJ<?@RE.HO`#4:,['F`D*R`4B4(.",`!4Y`H$X`$"+9(
M8=,%7*``1_`"(3"2B\0!)*([!!`B=$,)M#>?L-@1`;@#/^`!;.`$=2"D8TFD
M(/:?0#(`[[%\,W21_-$)I)``<3A9S9G_#N"5C#G83'ATG`<1@]HW%C2V4IS`
M@V6@EDSP!3_`E/HA3N@`%OE!`BT`-1QS!AX`,$%E`1`@``@&`LLV`Q,`1F4P
M`0#S`L\"%PGPB@55E9E2`5?02U`5!#]``13@`PZYGX]*11<HJ>7A#2<@*@>`
M!-4V%G>("1,P`^LB%O"W'X/'`0"@(,W)0!7Q$`1!`W50&A.``K2``B_J#SB#
M!SA#`FH)`BQ@C$%W#J`&G1?0.;2H"?FR`A^0`^YD6L?S!1,``@@@2MOS`G``
M*2@`!U)P,%:Y.,@2`2VP$4C0,@9P`B90`B0`A$,JKK9$KI"A`^8I`BI">?HH
M%%:!!"<@#O*:_W<%FE/VBHZ6,`%2T`$8@`$%@`"NX`&$IA(.6`<`@##601\E
M(2I&LP-UX$R!F%-P5">JP0`'D9'`8@(*,&K?1`,'T`'A`"VB-"FP$'MUT`%6
M,P-[X"=Y60`)%0$)8!_P0`#@BH8Z&ZEK6!XD9C)=,`#!<1KDU`!(\TJ6MSOZ
M:+$*<`6+(A9>01`2FW156@#R`+48,`)*8`$C@`$(,`'NLT17L!,,,`8Z0``'
M4`#DY@D3$!!H@`?D,D-D<0X-D9O7-PGYL2Y](%+"EQ":D"4@^!"@YA"CA`(T
M8&!&@UE78!WD0@%FT@(]T'T_0"R+VY]J:%?E,38W0``>D!][\@G0F_\!(J!U
MOD$?>64&$V!^,S2JH`9:.!B<\>:T\=$'(U`&81`&4C`"%P95'U`#&&`!49#`
M46`!"/`[$Z)&7V$`5L`$P>DEZP"J:8$$)')RHK8)#'9]C<@!(1`.XE!KS1$#
M`N!)6/D#"H`$(*`X++`I"N`"2J4`%/"M.6M1R\6S'V<-&Y4#.58GG*`?1D&-
M'F1^4W"?7.@S4=,$4@:$-6;"?W`F:%`<+(`!93`$9#P$95``2N,!?0``$ES&
M0_`!!,`&Y#9R+@:="I!,A(D.#UL:CP!*)8F"2UL`"1`@"U&E1K(M1S$I<E,M
M,0!62#,%E%@#(=`N;>`#/J!)$5"^CLJXL6G_I(^!#9&16\38EXB"C#%`&C.T
M31,@4J"``CRPJ]?1,SCB$R80F%>A`@,0!5BPRU@0!AW0!`S6!PA@`5O`RUAP
MQ@<PQP2J"1E`32<@`KJ2>9'P"9#P!8L%4MQ"CK.A9<4(B%>@QFXC2B^``JI9
M!^$3`XH#`#F,%Y\B`+WD;[6\R>@K/YX<$Y(1+T;0`KTI2)!P&L#"79GJAQC;
M)+\D%AQ`S:`Z!5LX)V#<`4J`!0_P`%B@!`?`!NI\!&%<!A#]`$N@!$W`!NN`
M&FZ4`5*B"$>P1DUX`2:I=09$CNGP#P70O*;C=))R%(\0,"]P!B?0"@45`E`F
M`'8A!2R`E2+``@FP_T\FP&0/R<G%5\^U0A,0(`;SR$9V0@(F<,)V(E(WI1_[
MF'2EL0%',&/2;*$0,P!C;,880`,(4`!,@0,*H`1E4`5AH`0B0`,8?&09$!$R
M&&.ET0$IP8X&L)D'J@X)D4/*9%YW^A-CE@CA0@$'@`++894=:05VT2*\0#`^
MPV3G"ZG/]KB?#`TNU`*5\)MJP00QX`;NET=Y1">;XSE(D2]V,@&52PH3X$0$
MH`142P--@`,$<`8WJSI2@`%'HM8AL!#1VU.+A0>=DT.:&Z+"8`*9<`2$Q`F$
M9XOFE;078'D"L"T7H`!L8+1VTQPHH&(A@'8UD!<5$QX48`(\\`4$X)#AVO_)
M1AP-?68R2JP/UB7=GA`#"9!Y/?4E-/<(0\<M_)$6E34,I,("L!DB85';3;!$
M=(L$4]`W`/"Y[@P"NAV[\9"OWWD%P04"]-54'=3=VR!2!$K*%.#/GM4`)1&`
M.,(I;G`%<1.PJ6,`9E4+/1H>%>"#;E"^8DF!Q+=QQ@<D1D`9-S`3.8``.^C$
MHG9Q"L1C`<0M6Y$))%#AK',"3F`[LHPCQ"9HW3>S@Q(:```#9Q`"V(.(.Y@]
MS-0'Z8.Q-->$'Q`#$K$"YD=.>30!";`!_\(``%(H9K`]%8$"!)``>.!5XUP`
M'G`"!7@7.(!6U2$J22;/$2EW3@T3E"$D?I`#2'#_"ILCMV4:O3SF&01L)QN0
M'UW;!_SK""/7`(H(,`3Q#DK;"/P+G1!QC300`0``![%.$*6F`)VFVJ!$#B]=
M+@DR#@';`$B"!W4#,0EP`#4`'5I9`6S``10P*@B``"#@`XJ[BTQ-Z?/]##,A
M!L^0`RIPMJ>A)X8H9);`-%3=@EW;I*KN"#R7%OY@`(["-8\'`"KR&?Q.(D]Y
M``C@!'5T>,/Q`;=6MW^X$!GP:FF!!@R0"BB`#E["-<N!+&CC-*)AE4B0'"!P
M`A[@6R:0R3ZP`^)7@?.L&-].$X^$,AL2G79NF(;HJ3C%-`3,"&.Q"`PF2!=J
MW$TL%"1P#/S.I[IS!6:@_T-30!"=(-VZ\YL]E2@KT'WOJP[``P.@ML.,>A1W
M>Z>3@H#+HP(OL/&3!P(>H`+`MA$'P!(_L`-41X&PV;@]\NU'_DB3(:#P^_(S
M!&37S6.[4X^6</-]$$!AL0Z<T`DM**]_0%V*,'/E9`H(,3RB(/;+ZW,-(5)U
M2@/PFQ93\`,.I`!Y$QS;(V]@%S#"%3Y`6Q*T"!VKE`MY,70>8`)N\)!M3\1#
M7AYQ/QFIM2%C1*!H\`%HTZGC1;?X6FF^V]TT@P[,>14B^*(O<P%$4%)+RZ5`
M9YL$@/=ME":2<(>!<_DUHV^V8Z=&89LO`/ZL,)(%0#`40-Q!1`N-CIJ`P0)G
ML/\'`N`".>":L2_DE1XYDD.;`K`"?`X('V@K:!D$9QT9%WT??X5_D)%_'P((
M?Q>2F9<*').:GY$9?P8DHI]]F:B0?7TG#`V*)'^LJ'U$"`8>?4Q')"P_`"L9
M:$<9K"_(1PT3`GLS)P=F)R$H.%,X-5;:VD@5+"P5$08]!.4$!>CH(NOL`$`!
M&G)^\_3U]O8V)S,4"A<?&:)(J#"0:`*L1I\N"$!R"12D"P<X9$#H,!-`$(DJ
M5A0@0M2%4I%800IQQ0">#$=*HKQP0=F%!F@Z7!%PHJ:**2$0_!"!(L0U%#6D
MU&`QM$*%;D@$S.BPPEPZ=>S6N8,G[Y[5>S>TN''"\`+_F@__T'CP\.4"DPPK
M/F#*I#!$0U!]($JDJ!&2,1`%3-75=,##GXG_)(G\)X)#AP)N7C#Y4XH$"0`"
M.$B^,F4"G`D=E'H($<):B!J@AP[]]HV#`1@KFI9[6B"JU'?QKLJ>!\%/EP@4
M_O69Z`@-`P,'4/YCJ:GMVT]$B$14M#?4'P\*]#:?]4<!"!(-&.FMU:<!V`1N
M*,Q8<6'"%$X)0,#XTJ'/!(.6E>+DS%D*COLXMI$&(8`+"0*JG?.4:R),%=ML
ML@G1Q0D*,/%1(Z9DT`$(`!`A"D#%"3#!!FN!<L%,BDBGD2@*!#==)@!<M\AN
M@LW2P!<-U#'#`2_^D``'!\2P_UL#V?'X7@,P&%`!,B$`D`.#19K!`0!22%&!
M%2*`P`47#`#HU("N&5@5@K)QP,4D7V70`"8`19D(2R).PL$$Q#GTH40=[B6*
M"!ZDV=P+UXW)8HL2,J'"#S.88((9&6SP15GN3<#*"B^$8(`)>*`@Q:,<C)6`
M$R=X4!((+$C!P@EF?,$``ZE=F0Z!6G)I56TW#'`"``T040@CF"QBW0K>K?`7
M+:QH&)=#1+P9(EQ\_E%'G2*%E(HJ?3C6`0`S?.%@K9"0T`$"?7&@P`QNL"%"
M`PRL-)$Q*TP@Y@0>"$```@(8H`!].'B#S11(>&``!R"<0,"H7)2Z&I91I:KJ
MJC<<V_^`+*E@<D6=``W3TA&8""#,!1D@_`<1J%B8P15S*<+2QZM<_!!`%Q#`
M@4@-;]`0$8Z1($)?Z9X0V0Q3%+-"!PIX0(-D,A]P@`G`,!$N2$<,TL`1KZ`Q
M`0$WZN/&%#UQ!II]0;&`!`(NF,'%&*.2&B!KJ,*VY<#TU":$`010K$DM%X"@
M0+!@08@2!VH=@7%<(+,T`<='/WS$WQ`3!S()7_1A\@>.C;K">1Y(!H(!@5ZA
M@`*5\6)&9(^?(8`",+1G%@D@S+!'`6<=_,$*Q91RQ`IUT``Y@QW0D,`!4<<P
MQ37Y.<G"%2>,P777_@IX:I9BDVV/$!"(<8(('S2@B4<?N>O_8&H`I?;#O68H
M4$`=W'?@?0<D],$Q4TRE]GT'=:#/?1TB*#"3`1&<(;\!!H"`8^<,)**(*B$K
M<`(73'$0*C:@B@R(*@%]*`8LT("&/L2@``*07P2"\1XXO"`&=9`9U#J#GRD,
MQ0H&P,`8,-`UQ9D**@$KGO'H(00_W,`&AHG30]"T.!!,X2]$4`M+!-`!%;B/
M!D"D060<!P(*_``$2$QB$B7#@2".Q30`Z,`72,"`4GQA"B3X0.!6Q"R/,0$.
M9V`.__[RAP:<!3(30<,%1'"Y^D'G"QG(@1GZ@(883*`,,8A!"#A@`@5T,"A6
MJ,%`,$#"$I+JA*TA'E56R$+;""$'_P>@RPPSP`"S``!M)/-*'P2P",<X[R\-
MJQ@)9C+%EIGR0AD@PE\:H((9"."5-(E,!`_PL38-*R",(<@15KD68^SF"S,Y
M`$UD-J.TM00F*Y@!"B;P`F;&``4H>(%U.!"4^V2C!AP0`"$+J;BO`:P=*F2D
M'\RF`XD5APD?^((R'F,`755L<BTP(\7&Q!*P^(--2B(">3X&%KRQXF,94(`)
MI("*?XR)!`+P`!K@V#!8\&]_'VB!"LZBJY#5<P4)<*452/""+[Q13SQB@J;*
ME<<86#":4V@7`D)`-1&8@`$CY*;7$!FV18K3A>,40Q9`,,-9^`,[%?N(=?YB
MG1_P@"6HZ/]0PU;)L0;J!4.A;-@1`'""WDP$8B3HRPL@$;=:2L(L=;@"Q.BY
MB%`@X`QI80*NB&`&&H2/7*P(P0F:&0-DH."945-``@!@!170@`($V.;ONDE3
M11Z(D3>@AQB*<((.L$17R1),`V9R@1*9:Q5M2AC'C&&G3XA``/Q#A2*D<#*[
M>"Q.M>Q##Z8%BBN8`2R[-,9F&W&!%73G#QRXPC()<%?ZT$>OULE!3`EIR."!
MS;!C8R0$:M,%`BB@6@XA`<5>"8`KS(([<!'6GNIB,F:MI5D"``B/7H*AKQ+'
M"=D98R1"0+-+?`02G,C`"_;7G0:DJ%P=Z*UO?:(``YP@!X(E+O#_O#F\%-KT
MIGY`GA_J`(-(,&$QQ6%,'SC0`@]\0+VG^%!XMUL1M'`2LP#YQPDFPI(C,&(W
M4;UM`MS[B0.X@140\RD`)+)+6O"H`TO*8Z/TR)G[^$0`%!A`@&5JW&^^YL`W
M%4(+Q_"J%501%IHX@JB80`(W-$&&V041ED%1,=":`A-@0<.(X4#E*K8D;FAV
M7@*D^\E,'.`$*W@P*/NPQW&Q@D?9`0`BZMHHW_K8?]L,=`F+7&!P(AG!XQP!
M%!)P9<<4AV*8@$$G+H9AP<AE`Y)T2)<O6T;W-@`$;,##F6""AI"VQ!_@V]RO
M4@&"`Y#G8)^<L'ROF]X^=&`L.MXO?II@_P9"#I?(!$:AH0^[PA;B8PYS@,%+
ML5S;[NCJ#$AXJIWB$A%,5_IY"`T!5!GAH-:9X`R5HE`5K<4`$1C@#.>F27LT
M\0$$.('*'UG,#AWK(EYE("(3L&/4?%L#C@@YT,`NK(&)3;;EUB.Q`^C!#+20
M!1/P\"6BO4!9/`:#ZV"VTM0.;Z:YC%`1D'%%+/D"6`"0LQPD`'().,'C%"`"
M`B#A`(_C0DOZL(("N(\#%*!R*2Y`A#$)(`2JW`TK$M$'3N1Z`O"ZC[H`+F#"
M_JO01R8XHH7@``?,PP8"N(*YU/@2[%QB`L"1!5*OW0=A&N-$'@#`<>!"@BET
M``8*R-\$_O(!)O]\A0,P,,-,F)AV)[R@614K8P,$4`/I*LH@>(Y!`O)[0:3W
M>`H'F`$!_BWH`0M\V,E%]`W$L%P'0,`&/#B!R"$6U%D@@0..;O,G2`2GZ5P`
M.FM_7D!V%$KI,J%P'IA!$RAGVVIE'<678$4+6*"6]#;`M@V(P6FH84??BF`&
M(&@!TP/^=&%'/?,(OH'VEPL!`^@@"Z`EO70A`0`/R((YP*J.QCMKD><\=\M?
M95,MT8R24@SD)6A",0DH8)!)K,4,!X`*X>,>90`'%B0`.5)7-<`N,[`/%```
M)J`%3#=HP99(`X=]2:9D+60#`^`'1I`#`%`(",,*BX=B\!<)%S!CBJ#_2LUQ
M`-9U@G_Q,<V"@OX0"W_0`0E02J*U"08@.!0C(6<`"V/2%`K0+@8@``E@A#*C
M`#4`%)UR`-('<!1X>=>':/8``=MW`SI@`@Z@("=0"`CA'C-0`->6"AN`1F7X
M"3D3>ZOP4*8U#&(":1.A?'B36OJR&XLP3Q=`"@S`"9+1`I1C$`!P`"R`=-#D
M$_:!`RQ@`'4@A997?1:(>59H#XG%*ES0A5V@(I@@"WU087%""Z"@`G/1'*(P
M8VQX70E#)C&H"(.0`0AH,2PQ!09@8D"%.&;4`I_%1P"``CR@`,NP3'F4+AY0
M`_4!&E,P$+\VA9!84U(WB<;6!0EV`S-0/TH$_P(1P!"9]$]CTD]BL@$L(``-
M@2:XU"9C<A8%8`#C<@JIV"%L\P\K<`9UH!V*`"T<=7,S0`*E!@,G$`$PX`0G
M9P;^908JT`$QX`$GH`,Y``(B$"E"40,XT`+_LTV#9@Z'860%$DZ3B!7+E14M
M`#R,808S<`5QX1C-4UOX6&K%\`>DU757]3<`H0JE@!)?0`#HN'$GD@E*(H\I
M^`/RDW92@$"KHQ,48`).,`<VX`!%8`,8<`(]X`0*8`$V8`$R8@8U@`<>A`/U
M8@`2*%/F(#RM88$`4(49:14W8'`.(`!P!`D\\@$X0S\A4&/A\S##X!@I91##
ML%!?4&K9@0Q]5@!PE_\`*W&3%?$;"/`/^T,`'<``EW!K[=(#,(`!`S`&16`$
M(S`"56<#-L`%.A"5%C``G0D#"8`'V(`-+'``3M!T7L.7!3`%4B`"D2B68WF%
M+`0#5U!BE`0`#O(!5`4"'K!/B%->=`9:?Z`X4R`"F@-+R"D`-'`%*A"8@@D*
M)'`"EF`*9L0$S7(%:T`!+M`#15"6-U!U$.``E>D`-E"9%G">Z#D``\`#PY@-
M%5`#2&``@]4U7<D]UA>6`A.;]=!"1I!8.M`"1,`+%]`!/]`",>!_29$I!4`"
M+/@Q$X!Z2,`?L'0O!;!/_#0+F?2<#G$"T18);^48['("@C("'EAU)BJ>E9G_
MHN>I`^>IGEQ`334P!5;0*32@`+Y#GUT)=05RD8>FG_-@!/-0!"W@6!?6`280
M>@(``'W`(7T(;@#03,ST`AV@+^YS:A7C`2#0%;6461H*"@W`H=GA$:RP`<KP
M#PK``X[D>55G!":JHNB9GF/``?3B0:.1`#`P:"]@#B%P*F#)H\TXEF4)`4(@
M!GXP!B`0+!)B`%0W!TX0*LS1=AP@/S,@/V>0`/(3'1Y*`@6`","G%P;5I9KP
MI2%(,<QPI/[P!2L@4&Z0`P[PG2>*HBDZ`F^J`SJ@GN)!IT4!`_!()55"`#D@
M#G7``Q10!WWJIQ@XEMR7:"-&92L``MI'F25P!>F5_ZFF9#$M\@$L<`8*(`A_
M,%;^,!R'<F:J1X.2P"-?``<'Q04911,-:`8VH*L,=@()H`4Y0`$VX*HG&JNR
M^J8M.@#*AJM(P092,BHPX`814!.^&@%U8`6MJ0(L```0BY$^>@\0D`7]`!`"
M<*]*E@_L5Q<?`4$2$0H><PE0AE4)D0EQ>00*X`8"T`(\H`-%4`2;:75=,`:]
MR`7WFI2<%YZO"JO[FI[J.0"`.!1(`)_?P""C4@#_10#$"@/\R#X!DY\3*YMS
M<`9X<P4ZH&!&8`!JH:''QS*&L51EY`^L('9E51?2-0AFX`8M8'6TP7U8F%B$
MZ@>>-TZ=U[.QRJ]!.P`,X/^41($$I&&0O&H.Q%H`.0`#4"L5$=NC4UL;M0$%
M+%!;-JJU9@``,-AAC=`'`X&/Q%$Q-T.LC$$"NU01_[1+1^!#<YNL"F9PB=5"
M9MFS5>>F;[JWD3FIH$$:*C"P72D\2%``2#`3DCBU5U&Q*K!04G`"79`\0H!U
M7:H(!Y,!B,`C1Y!.\F,_]B-VS6&Z5\`#_:E]B34/0@"DLL&S>)NW0!NTA$0!
M9@`.[*LOHU*?*-0"_&@&,""UPGMP.@`",5`X`E`"0%H;)B`":>@0J/!)N&!;
M_G`%!T!%C,$Q*V"M:V,+#!0#%7"0WON]X(L@=_NJYCN[Z`N9?30:G[(OO7H.
M)@##`TC(/O4*`T;$`Q)[OQD\!@AX`7@0D5:G!7[QG!0C7?\`<[!"`F?```G$
M(R2@)!U[-R#@`D'@!19P`\:V0K`;N[+;F;3[;TIK`@@`#B!@)?]"`08`@B*`
M!#L*`X`"&P$@!VB<QFJ\QFS<QF[<QFJ@!G(0QW&<QG4LQW@\QWJ<QWP\QW=,
MQW?LQX"\QX2,QW1\QF^<R(J\R'`,R([\R)!\R"5``91<R99\R9B<R9J\R9S<
4R9[\R:`<RJ(\RJ0LRC_0`X$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>55
<FILENAME>o68633o6856319.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856319.gif
M1TE&.#EA)P*>`>8``.?2K2,>(HA'$8:&AFPV#O?LT)A3$:=5#+".97E"$=*W
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M_V*$G']Z?#X>#M_>Y\.]OL[6R+G`OT]*34ISC%=F7?_______"'Y!```````
M+``````G`IX!``?_@"R"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
ME"D!@G^FIZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!PL/$N(/%R,G*R\S-
MSL_0T=+3S\?4U]C9VMO<W=[?T-;@X^3EYN?HZ>JJXNON[_#Q\O/Q[?3W^/GZ
M^_RW]OT``PH<2-#;OX(($RI<R+#6P880(TJ<J.\AQ8L8,VK49G&CQX\@0_+J
M*+*DR9,F2:)<R;)E0Y4N8\J<B0\FS9LX<XZSJ;.GSY_.>$YK$@-+DZ-OU%V(
MT03+A:1`HTH-)E1:E@`I5.S)TN1/&W09L/8(TS7.U+-H_94J=S5%UAY@_]2%
MS0JC:]J[>%]5C=:6A8HL%_[X`8M5!8S`>1,K-K47EI_'D"-+GDSY\54[?@%#
M%E:YL^?(<PU?V+RX]-G&KSZKIMQ6Q=_1CSFOG@TY]&'2IG/_1.V*-NVV637'
M#N:;MFW8@W4KU\F[5?'5K5_C_O5\]?'IR[/';,ZJ^N?+F9'+5BW8>.';P[6K
M;\E]U9O';Y"\>0/F/7S(2\7`M^_'_I_HPB4'C&1O-(&''WC4U]]\CUF@1A.0
MV<??=>FM9V%*:PWX!A895/%@'?SAEP4>3PGV!A%5#,`?<-)5Z(MD=40QP`49
M,#`'?_,-0(0%><#Q'A(#[&$?A0)>:"1([:GRV/\`*M)78PSS,0"E&EG$(*,%
M_8$!1A0')@6@>,1%MD<,@F501QT,O,%`!CN`D4(4&;!`A(DQA%';>6`>J>=&
M2:;27YT#6`"&G&'$`,::1%")1XIP@(:&8/\%@%F+1;X8&0-A#(!$!@,PD,4;
M2T410Q8,,!`%&/!=$,60>&*WYZL2]8D*?$T,D`$8&5A`!!$Q$&%F#!GX4<>!
M\#$`8FQ?NLH+@4W4H484#&P))!%AF!H#'G5$=H&=CQ$)Z[<3R7K*?DBP`$8=
M2!`Q0!AX[%`'L,(R`-F:2$3&8H#C/7:!!4S6"$88%Z2`J[5XY(I?%7^\YRVX
M##,DKBF#J1%&%6T.($;_J0/`28041)Q8Q7P75%$%EY`EZV(ODF5<1QL/(J&&
M&$340<0%.SS%I'T6[%#>P@WW7-##Y;WQ`*IRS!<??6(8/1^J\R%A@05)O7>9
M:_B&&6&("2O]6-%OP-'H9#S[+#9`0-\WV7OE#:8V9&ZD;5EAE.9;68C]+=A9
MV&/GG4_9DKD=FV_WYDE=9WZ;1Y?@>B<^#]_>569RI2@W?G>K)RMN^3J,2R[9
MU'%;K;ED>%\N.CJ9?_YV5IT/:#KHE$,^^NL[93CXZJ<'AWCDM'?;.NR\EU.Z
MZ8_+O7KHO1>?#=#"@)?Z.'X0;_SSTB`?3/#E-+\[]-A3(STP@2O;C?6'>Y_]
M__C);/\+]>2`+YKXY+<OC/F^*%]U^LZ[;_\O\/>"/O/UW^^_+OGC1?<J][W^
M_>^`#I$=./8'#O6AQW4(C"`M`K@+^=W.&PZ\H`0W"`L*ZH*!W\@@^SA(PE1X
M,!<#A"`W1$C`$KKP%"?$!0@Q:,`7DC"&M[#@"+/!0A7:L(0XM,4,"WB]'QKQ
M#T&L10K-T<,C'C&)M!CB"FOHQ`-"<18Z;.$VFEA%&UY1%E+<(A6[>+\OQF*)
MU1LC&=UG1EB$41M<7.,-%?B-+/H0CFJ4X_C:^(HW\C"/>L0>'UV!1OH5,9`1
M'&0K_(B-."(2@8IDA1V9",A'%B^2JV#D-1QI2?]A4O\5A>3?(3M91CIZ0Y/4
MX"0IV2B(W+FR9)(*SRMG>:?PT?*6N,RE+G?)RU[Z\I?`A,P@@EF<Z/0`.<0L
M#I&2R<QF.O.9T(RF-+TSS&E.AD7'M*9GEJG-;GKSF^`,ISC]4,UO&A.9X8Q"
MZ\;)SG:Z\YWP;%PYO:F\;+*3F_',IS[WR<]NSK.;YVPG/OM)T((:]*"O_*<V
ML8E.<`X4H1"-J$0G&AF%6C.@[%2G+2G*T8YZ=)\6G68]&_K-AW[TI"A-Z3-#
M*DV,CM.D*HVI3&=*2Y9&DZ$"72=-=\K3GLJSE>!TJ3@UNCZ?&O6H2*V,3:$Y
MTIQN-*E0C>I.E_I,H883IE+_S:I6(TI59^+TGCK=JEC':M"N-M.JX"3J`\G*
MUK;FTZS,;"I8G^K6NMH5G'!-)EI+&M:[^O6OSLPK,;_ZTKX"]K"(Y:5@@[E7
M;ZJ5I(F-K&1=N5A@RK6P=)VL9C<KN<K^LK'=Q"IG1TM:RGC6EX05IVA+RUK2
MGK:7H-7F8UM+V]H*$ZCFC*4*[(G9HMKVMZ[%+3WAQEO5&A:XR#WL:WF9VJL>
M-[G0M>MR=QE;:ZXVNMC=ZG1U>5GC9C:[X"7K=G-9W6G.-KSH9>MX<=E<ASXW
MO?`UZGIO65YI7C>^^(WI?&G97>=^-[\`INE^9UG?:)XWP`B>JG`!BI6W0#:T
M[TVP_X0I.N!7%AB:]YVPA@M:85?VU[W_W;"($=KAW%WXF0<>L8HA6F+:M9>O
M(5ZQC-^ZX(42]\':S/",=_S-%J_NPS#V+8^'#$\?`^_&[4PQD9<\3B-_[L7>
MU#&3IYQ,)VONQ,Z4,I6W[$LK2P[(48XPE\<,3"\W#LO-U#*9USQ+,WL'RA".
M,9OGK$LW5P?-S%0RG?>\2SL_!\QQ%C*?!XU+/Q<3R7,5-*$73=D:7[3!N\6Q
M=<7,Z$H7Q]"`0_0X]6SI3E/3T2+5;7']JVA/F]HWF/Z-IKU;ZE.[^C.IG@V<
M<TSI5]LZUM!9-:G7:NM>*Q74+16UI*>I9E\S&M>JP7,R.?]M;&,C^SN0'C6(
M6]WL7C_;,\HF9K&KS>=K=P;0M)8SMTWM;<?I.JVU'O>Q@7W3:`_;ONE6-Z'+
MS9IS!YG7\GXUO:\I;*=2.]^=WO?F[.W8>`.<S@*WE[O]C>^#>SKAL$2=M._]
M;H=WF]U,[7>B&V[Q2G\R%:B<ABI72;Z/HR*4#:PDR45G\E.$7!HC7[D@3=F-
M2:9QE#+/7LM-\?)HQ#SGQMMYI-RRO)3C'.C/$WK/H?%SI/-.Z;J=GR@WZO0]
MTIP;2W]&TZL^.J@37>I&ISK7H>=UJFEPBD<?.S(^XQS/8(@%YK"Y(<6N=F:P
MO3MN+TG9BQY"E=<=%W=?1>!#XG7_V^VPD7[_NRT&[Z>\BV3O8.][VA7O.<JT
MG7!ZO_HVY#YUWU)^&8Y7$MTV`X8F0.4CD#^[&"?_^=E9'N\1\@,<P("'C`V@
M/DC2O#90+GFZMWX8=JM;9"Z/A!CL(`P!2'X*\-"&KYQ>(ZD__"83_WM8%(@!
MZM(1`]!@@=YDB07))\6.S/)XW6>#\V'W?/6!818L#(`%6:@#D^I0!19D``_D
M5Q(<\C"`403@5EJ$$=$7@'_$>NN7&@0")"E`!/4B&3FP`RP0!5@"&7$@!FA`
M!&ZQ`SMP&"Q1>'Q'0P9X@)<'&6+0(6@0!W)`(`U2!WLP@3D#?E6`!U`C!D@0
M!_GW=G$'_S>1!X*^)X*S(!ER0`19(!]^@`1AT#%Q8(0Q,!AOL"X#4`58,0!V
M<8,=:'[8@'Z]IWX^2`N280$L@`=N\!X6,`KR,H8,4!Y(L`<!D`4SXQ\S,8!W
M5(`]N(6.$1F+PA]ND@)5\#0I("^QH09[.'Q?(1,>N(-$-(=TZ'V0H2YK@P0I
ML`-[@"XIH`9X>"I]\X96>`U9YPQ;EXBS`A]NP"21889J$`!YP`([,(H9`"'#
MAXEPQQ91IWIX%(*>"#&7$@;\X8@,@`1UP`*3&!EH((&72(B92`V;V`R=6(MN
M\P<!PXI^8(9^<`')EXJ+F`%T0Q.%*(MRJ(7*>'EO4'L!4`=!P_\"#-`H1!``
M1.`&\$&.DX&-Q3@-QUB'D>$&ZK@:IM!\?O!8Y=&-A1,92.!^X9=\@9(P#,"*
M2!`MC_$OZ.(34&<'9B=]7&B/RS@KJ.`&Q[&/W;@V#.('8/!^`2F060`P22%\
M^&%_-<B0[V@5.JB-BS<9]%B/SQ$'%,*/;O,&>4`$X/>159`F1:@&>U`%O*(E
M8-`K];>+0)&-$/F#D6&#3.D=%ED8`!.'!UB$%_`L_A>0&:`'J%(WH*(&=9`!
M&0`G4>`LIO=\S)&2?+&222D+*N24H1&57L&/YW*5X9<"==`5[7@*8E!Z%J`?
M14*%-]&0#TF`+>D',`D9<_`87@,'2%#_`(Z)!$A``<WG-Z%1!1`2E]UH`1])
M"CSI'5(!A\+PDI,!!Q10``"P`P@P`350`R>PFC4P`0B````0F6U`FAJU!QSX
M!X!)AVV`?,F7`7DP'U]3'9^)EM#`>[S@!C9XCZ6)!43``R>0``(PG0+``=1)
MG2W0`B<P`1&@``6@CU)9?7XP*C.S.L7YBN00CZS0!J79!`J0FB<@`$50G?1I
MG1QPG_A)G0F@G1/`!N?1!%\1GJV7)7%`.^>9@P[Y@;M0`%BP`Q,0GP(@`21`
M`A(Z!A(P!O<IG]=9G?,Y!AYZ`A]0&%E0,VT@H)\W2P<*BZACB+8H((A)C[%1
MF@`0`1-0G1PP_Y_3:9]%L*-%<*,86@08BI]">I]%$**H4P02P`-0```%X#5S
MD)A^,)E^XQ4E.HPT.15(J462L9Q_``?-1P$`\)ZLV0+S:9\Y2I\8FJ8].@8]
MJJ/XV:8&8*2N80`&<)_;&0$`0`%>>@I,N9RS<:51`9HC^!A?^@!B&IWSV:,;
MNJ@",`:-*I\_&J1#^J9RV@,]2J=U6@3;J0`/0`&"\9)^*I&`BI+H.0Y8^(F0
MP9X/0*.,:J.MRJAJ*J1M>J,<0*>56@28R@$E0*=L6@,(P*EPP)0MRGBCBA."
M"GN/00%84`,M()VM*@&ONJA`ZJ/V.:DW*J<J`*<'4`(D4`)C0*<G4/\&$[`#
M32"9D**;@XBJ)EJL.*BBAD>8[+D#S4H`"9``$N"LSAJMT\FF_,H!:6JM0WJK
M=5JKN$JG)7"P!^NA-:``>?JIZEB@?[.6[%I^I;I`:AF`[$D!$>`%7D"O"9`$
M]5JOTYFOK^JO)CNMTPJPUPHW!5NK!@"G!EL"!Y"IOIJG7]&G$%N/$WN6%5M'
ML3A"[(D`\_H!']"Q(!NR2'N=9=JCT\JF)NNT*KNR;X&K]_FM=8JI!HN?+RL`
M+;`&>$J;S5>EA+FS[9J>%^M#?E``"M"L]4H`1/NV'>NQ(GN=UDF=34NM*0NP
M1<JR=.JO5NNR6#NP+YNHK\FP!1"9:4.VQFK_G,^`G*<`!VM;K_>ZGV];N1_@
ML=$:J[$:M7L[M8)K`-\*N)FZHP9@HP/+H["I`$V`!.>JN*Z8@RO:4*80!S`*
M!Q'`MDA;KUY@N95+`![;`OJ:GW6;HTS+`21@I"S0`P)PM8&;J\W;MP,KI!(@
M`08`!7A:`!1@KB]YF)&1F#`J(%+JN@G1D+)$&>KX!Q2@`"*;N_7:`KO+NT7K
MNUZ0M"5[HQI*GS;*`4:Z!\HKNL_[O]![M4(:H47PFGB:O0'J!W,PG%TZK.(;
M$7`H&6U#`?+*OKG;`@3POO![N;Z;NZTJG?E:O/J+%<EKNE$+P()KK=T*K9J:
MNDPJF;69N*WXP`[#_[C.L$22`;FX:\$AB\'OR[&[J\%%R[$$<+0>/+)("ZT<
M(`$CG`(E+*0"',5#BK6U6L6G>Y\(.\#A"IL[\,+C8J4TC!"@&1EP\``[S,,]
MG`!N&\1$"\1M3,1J',=)D`0=G)T"H,9S/)V=ZQHFK++,Z[_-"[@G0*M8/*$4
M"JV%B[T)_'IA/!#D2RE^D()>\P`UT+%HC,9N#+>6:\GS2Z^^Z[9$NY]<2\?T
M:@>%H;QK"L63^K+^2L53[+SW.;@\6@03>J%%L)\+FZ=[.J6-+!!P"*-_@`0(
M8,ER>\GM&[(9K,D__,;SB[3);`=V4+3[F0!>8,IOT0(N.[.?"[`H'+B[*O^Z
M.SJD.VJA+>R=")RXO1P066J8\+$#<=O)QHS):URT'\`&&@S$'3N_7M"LNPO-
MT<RQUMP#EEH&!'T`!GW0!G"PL=S-SQO+UAJ]0ZJ?W,FD89O.ZFS#S?`XL0$'
M[OS.Q1S/[)O!R<P&0XS/^"R_U-S/T!RBIRR=='H`96#0!G#0!\O0_ZNU5:S0
M5JRR7/N:75P`9FG1-8'1S&!'3SH8%##,'4S'1@S2[)O)0&S/'1N_GYS!;'#5
M'P#-RN<:TKG$!WO08`W396#3@3NILUP"4PRDLYJAT[F=#%`B0KTW1+T,C[/(
M?X`%*O#/&>S4E^R[1"O5)AW844W2UNP:1$L`+8#_J3,+UC$-TS.[JV1]TW_\
MT"XKO1)0!M<+!_0H!U`Z'&$[&-Q+'G&]#.L\K&V`U__<S"$[QWR]VADLV*^]
MQJ"<S]4,-V];Q`8PU@?0K2\=U@G=K9`-O5#<M_Y;Q:\<R!$M`*WYJ]@+!RW:
MIYOAW.HZC^LZVL8PU\J`/L-!`0^0`=$\Q*W=UR)-V[O+!J_-L?1<VV]!Q$6\
MO#,]UA3*`8X-UFA=T\T;W`$LW,3MOT&:W_@)H0FPW(8KF4;3*$==*:%GW<3P
MR%)7)`\P`2GPW?4<WNQ[QY\LV$1LWOA<V"K`WGK,J[EM`-,KH3.=VX]MO/8=
MV=V\Q$R\T"Z>GVW]FK&I_P`*@`4/`)E>V@9]&M2MJ^#($,&J0+MN``8($.%9
M+<WL.\=*?LDCFP0<#,3GS<:O7=@]$+<A/-;3&^(2,,=,G-L$7:==KN(V;:$M
M'K5H7<O0.IUEP`-<#``/H,BU&;9R7M$^7@SKC."0X2-XP`82?M@?#=)IKL;,
M#.4E#<0<SK&B?)UC+0!)(`%%4`;Q>;3RZ>4#RZ%BWLT1FN8.C9\D`,BYRL2:
M;L"&*P:2:8/TN)MU[@O'>JY_DS`QD-<DO<D<>\86?,=([-=$7-ZQ;>AP@^B+
M.@9?/KFX&IVY"[@;ZND`K,V!N^A;3IV3ZJT(*[,(NZT'(+K6J:F;JLN+F>H+
MCO_=R2!WI-%\7>,5N,+G&PS>3"ZR_,S&\9OAEZO>KC&_P)OI.2K?(W``(SN=
M6RNY>2R?;#V]R!ZXR@[`UAFR2NN_7RW3@>NADFJ=`MZPW/X^WHX,VAT;%1WG
M%``&"E`'/9`"YQZW'WW'T@F\TYS,EYO>A7[H"7#+TTN=75X&]\[B]ZJA6[[E
MK&W$SGZISBOFPYO&V5FPD3T&64RG.RK@6`#GPWHR$0O&%"EXU2V"I?V#<0`L
ML5ZT57_;[:V?2"S*&/SN]&SU0\SA;+#R.+JH!C`"]UX"DRNR\_FQ1WO>Q^SL
M5/R_]+VMGSZY'2R=:UVG^(VI"`O1QNVOCC[1!?`5;B#_!Z)YCV%K@\0ZC!(+
M]1-?#$O7!DTP`3T0Z^C-QD`LLFFN]6T+RE]?TF)/`,I=NIU/O/<^`F70\TF@
MGR`;Q%)=S#F:JZ*+UB\MLR^-M8S^^47LK,8-P"F.W'1*G2?PJR\,PZ:NG-M+
MG(U'M@S.DJN@J@B@`IH,M^S]L>N;[XP^V^G-ZZACWBN_!70ZXM=Y`&BO^AR0
MQP8O\FW\QE7=^WJ_\W5*[0.O^[E;Q/!_HY][W_\+"$4<'"0D'`*("0E%-1,(
M$0H`!124%&V7?W]^FYR=GIF@H:*CI*6FIZBIJJNLK:ZOL+&RLZTLMK2XJED!
M*2HJ61><L7YO<6U(.VL?'U[+_\QL7M$$TXK5`@F)!,W-S,Q>=KR^;-,$)`9;
M!F-C$HB(!F4C!R,&A]C7BMH?T-[2Y.2*B#@8,'"@H,&!`P4.:I>HFJ(D`(O0
M&S0(H46$@B@.8J>Q"*(D[1C50(`@4J4VG4)]TK0RE\N7,&/*G$ESIBT6-5_N
M2M$+F#!8;MQL:D.AR8XHT?AYT=:/@$-[U[AY\P:NEXIQTY)P*%-B2XEU#`W$
MDV?`XSU%2;VPZ29MZ32W6266(6BP($*-AQA>:^<0D4<.@L;@%91Q8=Z0'`3C
M-33(T(F1"AX4:`.*,DM/F'_FW,RYL^?/GF^"CK73E\]-PU)F*L!@33-_T:)!
M\Y*`6O^U%@FDOOX6[JJ_).^VH%/7CH.\>"/F[:VME)_2V/X("*1;MV"9`PD7
M,NS[%"+(@$74X17`0<*A\^0!%UG/7D!ABGY'2K)T>66<H$%1C][/O[___J+]
MITL`=K#P2S#ZO9(92V9@,4$+6)&SU(1.C5,;1+H1P$Q5XOR6P$`'E(!=">V(
MA1Q9];P56U++K+AB=`*<4,96U5EGEP$E;"3!4]T%-!U@B5&D&$6,X566>NNY
MER1?U9Q0$@!@%`!&E%$68"5]<;0DX)9<=NGE*0%^.4II!VI&2R=O_/'&`T2T
M@!M<T568A%,:.K,4&QSZ]A8UYVQQD`$"F'=<<B/,.,T'>S;_YR)3&OZ#T'4U
M0EI7"20PV:-?[BDDB`2<GE=>(45J!"I\F$)U#T0MK)'J":S6P`,/",Q'@99B
MUFKKK9R%B>M./2'HQTM^Q)'EKVW`48`""+A9371+S<G4,A+F"1=<`E!WT'GR
M&#3767$BNFA;STZSE;4U1@HHCPE\IY>/%[6;'9&%;!02IHF<50U$6XU51JR6
MJ(;KOP`'/(NNMY)YVJ\R>6(L``C48*]#SA[*3P)Y1MA4M>724]!8AYCE9D/X
MP+;GA-`1@'&Y8U67W78`L4R>NQB5)?-$A&C$$7DXKRL`;@\9M[$\94P000%P
ML'0*POX*K/327Q)LZRX%EIE@9T;5_X!;$IR"%/(X;'0]3E4&6@P=2&7X6:.(
MRAVFLUX/1:RA6FD14(1PU9EM-G8T:Q0HI[=5(U&(=1%D$5Z$%ZX0>MOM]<[/
M*?,``!)MQ$&)99E<@A)F3&>N^7].UVJPKZ`52P$>")R0K@`0I=OVG$GPEL(>
M5\7&=6[3C"&<W0?,-:/::^MLUK(J+H7HAW<7)&+N"9EG>'@\NH>C7=KB/;A&
M,#^ZLL[&27I=<G;QNXFPPF:B']*:;&[^^;G>`C"O4B/LV:]PQ-\$$2>PT?S>
M$K0@+5P)1#B-C+<;R%QXU[MUV2,BZZE-G))0AKD<P$]^&DB.#`>D@3S%/>N8
MSD$"5SV88?_G1GHKCD#JLKWC8*<,0RO:)H0"BE^Y[S+HBZ$,<]$Y,7W.3)WA
MQ!N(0@$%[&`"$SB!FW#3CA9\(!S0B!,Y6&<M='C$5`4T8%_8DZ1T+7%N#\1;
MCCI%P>F,P1J9ZI1%/KBX&U6/C!*\2$;24[-R_0E0-8C``^*'FDN8"8<SS*,>
M45'#+T'-0`<;#2>$0BP*6*D)`%"``B)`$B"F(!Q#7)8"">"L)!P/.^LXX+HX
MQ0XI-@](B6%($D9I.X1PT3`4><]T]I(DPEUD@];J($%$=)$@B<I:)9C@&,AC
MEA,X(C)(L,3E$H3'/1KSF'_HHY=N.+7W>2(_+G1AL9"`A"B$HP?_CIA`#5C%
ML^A(P"`EV-%>=,;)M:$+&^/I6*"J=23!4)$P1CI<DM:CF+R-$$0UHHN[M)C+
M$K2K<((K!,[FF9X<%0%6DD`)(3&'S(8>4YE=8E\@/[/0S%AT$QG@Q1ZJ$`PX
M4.`-2'@`%GR(@`E$056/X1DGK6$J`H+L4C9;!Z?&(`@!T'00-?54111"L^EU
MD5P?M$L_<RDX?(:HEN/IY-J"1!?DC&`+/!B:)528-(=:-880Y1(S7\B9BW*U
M<IEP0T9[$88+N$%8<,!$)B1'S0<\```_5-5ME`5%G9W3&H69J?)\M![$Q7,B
M[J)@0"25,9@-]9\NU0NG<KFQ+7!O+,DQ_T!4)T&9JE[ULIK+ZI;^V#[0>/5H
M8U4!#"Y0N4^D)*V7*$`B?VBU!+3@'KV[ZSA]1"J<@M(L;-PI/32&$'^F<3SK
M)&P^B4K4H_K6IRX#B`8'E3)".=4N-5!`98N)V>H&3+,"VBIHYN#5B_XAM*/]
M@QV_NE:5^($H2$@D(X/(,[O>%8P!86-QYKN0PNR6IQ8Y+D($TPZM`%5E")&>
MX.P"&+[`UB]_JTMS%4RH;.4.`!2HCT5%H1J&6O?"Z</)^GC1*^I^R0_@!1U0
M-O&&`HRTI+AQBD-VE*[4\4@C_.T=!66)6$X%:H2`"RH:@VJ]&4F@=>TE#PG\
M.9?_GL@@SFWP`?\F`.'N-G.%3FXFAJ>,"^S^1[L``W$X1NOAHZ6D6,4JP`-V
M@`!5M8`VBN!;O1JB%X_@-F=&NB_UJI=.C@"..D;5+T+<I.(8L>H=EW2CH#>6
MY`<B8#)!"9]:,5-1I/W$PE2.],#4]R_.3O1?6NX%EZ6LB@4A[!(40`(8FH"L
M!YT9S0#1VH'=_&;:5N0]@NC@8+3C,S,6U2(G>&*+W7.""`#@UQ%PX*"'G>1X
MH##"*Q26=R4,Y1>ND(62CG8LK.P?+&,ZQ%TVA46AR0E,3%.DI99KR^Q%K_BZ
M6E.I[*)MX5,1GP+7Q0F83@T`\(`(..+7PD7>L%%6D.@62[R4&-:"Q)?_F3B8
MUP_0EK;"64'M_DA4Q-?>,L1=D1EN3WB:8'AK7)M75X:H6Y7J#OEA6@R5C$27
M8<:1;+TE%<#KN'QQ912TXTS\ZTA@X0%@H`!5_3"'4%B.)3FP@!+<T,)L+_SH
MF6@X?ZR-JTR+=N*M^"RSA<&).,#!#V#`PX.ZHSKLY3;=(@=N>6ZFG=G:@R+T
MF$`!2G>02-1`@NA(!_6F\XX!![6!!X""O7-=EO7X,E9$@\,<YO"&H/#0$F^X
M``0T``$Q&)S@Y$6ZY)-.Z5T1")!0MY73-QWY5%AV:I:CW((*L(/68@-K\/7X
MNL,^)+T!J::)@TJ[C<.!H<GH1K[FP5QH&JA*_V&/J18Q"]\^!"H2;$H1CWD2
M&,10V1S8``1<X((#G.`$$&2IA9//_BB4OA^FWVKSF5^%EG"("<Q93@Y_,!86
M&M8"%?<E9SBC=7S10W]4DLK-!I:]!'-)@@.<(!(G@&>^5@.-($2(H%1LLTX-
M44GNT8#*$T(-R"J^M`,*P``>X`,^0'TFP`5!X`%#%TV=IWT*QWVC\7!&MR7@
M=X*D\%FH,36T(A3QXU%PY1JJ\WZJIQ?T%W_ID5O@T8";9!Z]U4\D\'\`<`+&
M85")M`8(\`"/4`,=YX-%X!#_<`U1*$(%MDLWF`BID@$#$`1!@`$NT`$5\`*0
M)H*21X*@X7V:AVV<UO]IRS9U4<8):=5##T(;*J8N401_5@A<"5@<"9$C_70`
M0^AK)]`0"(`$$[`&]#92#U(&K,(0"/`$9=`0_X`-1+0V.])J?H@(;@(#80`$
M*P`$,G`'C58*3Z:"9H@^:/@9EA9^8I*";?@E15%FM#%*HZ0(43AN402!O?.`
M`S$&@+5_C)!(0Z1V>-`"$T`!""``YA`)QS(!B9!(J),;;O$=BO!%ZX0-[(`-
MW#A;(4%%@=("9S``=_`&>#1P18>*J;@YJ^@9:E@KL!B"76(Y)D:+]\)Q!50X
M`S5_AU,]F=0"T74LDJ``0A0)V$"$:]!K3U`#17`"2(``7C`GT=`RW5@OIJ+_
M21XG&/\4(W'T.`J5'X1$2)4!>>JXCIE5>07#89V596PHCUQ"+.@%5UNG8NYG
M8(IU8SIH&'W5+D1E$;ND9BW@).ME.O,6`8%R:`"0B(KX(!'0!'6X%*EV06=A
M*0?(2S2F#HQ`$I$`!DAP=7"8$I9EDGG4CIWQCJ_8DEF&0R;V0Q`"E38H8SEI
M4^[23\%W#>Z'#578#@/X8PJ`!3OP:['R(/2&!PRS!MS(`;51@P!!D5;D%Z^T
M?R#2+DGR=R91?@C7$CSGDF+)CBCY-)>WDA&G::[H)<MF"110F"F6`.540/PU
M"!HI$?E%E_0`,M3@'A(P$>SP"(L@`0J`!UZ`C$F8_XQMHH@`X!"Y:!L7Z2RW
MV4`@,E3&`T[')1#^1%3KP2^4X09RD#0EN9D"0Y:<898?AI9I^5D\E$@/4IOM
ML)H-&!Y,)1'`&(38L1'<B!:XV%>I5`1!>0T1@`6&Z28%"0!)-`%(X(0$X"9%
M8#_^L)BU660QMV^S-%2Y9#N,($<ZUW.6@7!"P5V:R9U,XYV;88*Q2)KBF3DM
M83F40&I$P%Z,B1BQ!IOO>1%[PS(@(23LD4H\XP5_B6($L`8%,`&4E``U,*!K
ML`-OQ3`?HP@I5J"LPJ#Y1$8Z=CSN\J(RP@-`]$M=677&P*%[Y*$Y`0.]<6E-
M-Z(QE""@1@%@D$@-(T2O)?][[281L%F7UP!OBM`8H4(1S%&@2JA()^`%AQ@%
MKR4`AQ9':X=0"-`W2!H!$?`H1\5!LH0W:#27`A0K15,YE*.E,L2E-=$#!-)A
M(=HE\8@^W46I1'$L[#=N:.>FM81;#V&J\)%!')`$S@`1T,`&)Y`$1+@#!_E6
M\Z8`+8"8?VDZM-$"25`$3*8`1>!/;A291>6DRLJ3SHD=Q)I0E6JIE]J98F(!
MC]0+/0`#6+"=^_&IYV-AED4)`+!WZ(13$L%4\(%_!W:)>1$>/]8B:SI)Z;(&
MBKA(OR8?#&D.A^:(OE8`"SF`L^1@`]M!`!:9(6(.$&H76^`DDP%#!$>M)ZEA
MN,+_`+R0!5$0!74P`'04,.!Z8?"37A'@,'A9!!(`C#IU"*/"B5+I'G/R`7:`
M*'_Z$7VS!HA:.DE`!```*418!@IP`27E:R-U`F-0"(TE;'=!=_L$/44%H3,C
M0(Y#`?=Q7E0E7A*[-)@J$V(P``$0`"JPK=MJCAOZ'Q];71A:/D3Q`,CB,+DU
M9*N'4P?X8_:R##$++2W0:GWS,0+`9!'`*H=F;VMWMXJ(B$(S(]7!H/*"=C2&
M(SAR6+`9H46@A`6@"=REH=YZM?N1M3%A`=;4&V';J2\IIIB%H4%!J:%F%`WS
M%X-Q;B103LQ!M\XP/(A`4QXQ)V!D`!V)J&H;1P/J'BV`_P4`T`@%,(DO"C03
ML8=*"ZGNDJZ48@X&X$N/([:T@KFVHKDP<0$JT+6^H`)AT`,6`+HH*+IF:W&%
ME%Y$P)`O4W:J6W9VB2A*,0U*XJ9/1`XM<!T-&XF+Q`,G\`1-\*<G4&_$.KSX
MR4@.9#A?!U"+*T'Q,J%(0))C2[T`8JU>T@0LH+U?"P,JT`3@*R!E.V6>\'AE
M&FP*\6-XF!<VB"YO"A9*(@!.X1%0JCMS<8@UD#]$@`2%V*^]MG;T0"GIE!><
MY)KXM;@*P7_&5P2')F$0_"_6^Q)8D*V_``,PL`=X0`P>*[X>7$>600%8L$WZ
M%#'<2`#VXUJZ6!SV-1!]>*Q#AO]D\V``P*8`2*``7S0!#Q`T:\=WA#!!;[N#
M09*NKI2T@-%W.UP(8^`D#9QP27PK2YP+;Q`#7>NUV]J].V".52QQEQNNWF4)
M]Q$'`\`,+S,7">"^=4*3^``1`1B;E!*=:Y8>C8M)U^`D1'!H"``2:L=D")`.
M>&S`.;A&?I&#</9.?<7#`K`#!3`'DWK(B"S!77(!NW!-/=`##"#)+$G)&ZQ'
M4H>A;Q`%=E"W(,$J=]H/P.,4+S,1$.J\QXN#";$<U^`FI<,.`II(D\C#-3IK
M0"P86&ACNXB5LWM3%>$D'CFMQMPEB4P+!O<&#*`"/-$+&;`#W_O`_='!EX6.
MXI,F3=#_`['K#`E@.FRA#4[!,_>B6\\:C/#4AY8(%325C$48:XD!<N,1TGFH
M6$6BPGA1`W^I5O_L)0']$A_5E7]@N9,LFD9C/C@$::CAE:;X!P^I%EU3,A+"
M#=S09V8!$8][/-R3(_%'"&P#%:I9*<\+!8G$D'>!LLM38)K8TGM3"#/5@!3A
M3ZF"`$U`'S^=CI!7TS5QTR0:A].K$B$F0YKQ3*5+%']@`7H0V&(`<);I!CEP
M`3NP%EU#D]3P+"E0MW9R3B-T9`=06WV8GKP&>`2Y6S"S/&2]+CT<0J\'&-![
M=0B7)I20>$T`!A9P=8U6AG+M"G3--'9=V]BFUW&H)@/0`!4@_P(>``)*(`=R
M\`8O(`6+YP$#``.O(2$A4QL3`KLM`B?D<#(F%$)R^G[P`2L,^::=S8<@<]DX
MB!?T;$OZZ&83H`"(1MP@X`$8P(%JL$/3!=&Q_0JSO32U;==L.*9OR!)*<`8;
MT``KP`1,X`$0``+'/7U.4`&Q4XUOT3]+E`\5S0RVP2>0<B(FS!T.\:<_$L]T
M=CCL:Y%3F<IL--Z$@ZS2<\N(X$N]N0,7Z``FL($0D`-6N]_S+=O(3&529XK>
ME=^6?'%%U]\;L``+8`1,$`0^X`!(KH$.(`)`4`4JL`W_L"=Q(@VQ2QMV:#(!
MACP/LYCCMKX*,61Z-C@LG3@V"449\?\NBIOEA3(I:(Z?]CH``^`!,X`!=.`#
M%O!X.5[CM7#C5SQAVN95;/AX/3X^XE59AJT$&M``0S`#"([D#O`#D#X#'=`!
M5U`!&9"QKD$-TIV@;^+<&HT5'\*@@&(;J#9;[>$I0Y;JR5M+>V,/$+'E6,U.
M"5P=1Q9@=^$1;A(%&9`!5S``+Z!L>:[GJU#?2G/?X.-5<6#%2^/:<L!"GO`&
M-J`'&N`$'M#H2,X%,S`#1^`"+C`$*W`%00`!0F`!HA8#R=(,DW3E&[TS8NP4
M%+((198-RP`-0>9J[/&3\;+J,"I.J-/O'/<0Y"'J83Y&#M:DN`3,0U0';>W`
M@\30PD[L`N/_5:$W\96:)J$@5N'`4=\3KG#P!GI`X$K@?-).[1[@!-/WXDY@
M`MG>[3@@BA7@`7H@!4(`!F+[!^!S#`HP`4V1H/.)I!P-SDN2"##;(HG#22?+
M>R;+&.Y29(>`@);"(Q`!A`2_;PI6\`?!6!ST1/L2&<(T3-,L[)1'L0N7V\'R
M!F:O!!:0]A8@!CF0`V;_!MA6ND#M!R\@BB+@!!#@`=5.?2F/Y#^``1C0`=Z.
M`Y4>!'IP!\%-=#YG\\5@=6/F&O[SEO>`:AU7)]'M6INT2SLI2^5Q8`9DD:H3
MQ('S02)2^E0/3F,T.+-)F?-QH6"_YV*O<!;U!A;P`C9@`T*0^T(`_P*\OW@:
M\/L0$/R\#P)5$`YAH,%ROSEOH`0@H`5,('U'KH$_D.US+O@KT`!`\/)"X/:%
M3AF8("R687`(0P%,""$:70WV_%(KQA!1&.$2/K/KM).V-C@K99-Y")MTIV/@
M!#B!!@@C!X*"!X.&!P:*BXR+8P(""2TU"`H/%&U_FIN<G9Z?H*&BHZ2EIJ>H
MI2RKJ:VNK["??K-O+WH>`UP.N[P>NT[`P4Z\`RP!*2I[`PPV+SE*+TIQL[.Q
MH-38F]G:?W[=LW%QT'IJ'C["#C\S1QU&,C(K*S(5'B!BWW%_;?O\?^%OFC)E
MJM:&`@`$+;P02,!0@D-(218RG)A$@H`B$O\27$SPH:-'CUZ\:)3`H4@1`P=*
MI&QD@(.$BAHU0II)LR:D,1PXL$3),V6)GS]1(D(THB@B11S&X!3``=)$ADFB
M,B308M(.``^08,KTC=HU3=FJ61M+MJRK52S,JEV+B@*F.#8T!)FAZ\>/77=]
M_`)FEPN&OW]G3#FFHHJ,#BZ8=.DB(@@$9[/@=/LC>5M7;)C%=G/#.;,?-UZY
M?5,B!,(P=.DPN!@R9`4.+0VN.!:"1(XWLV]B3"!``)($$L"3A'SZ-(E,2$5"
M?ES^0>1%G2B!FCQITJ;UZP)PYLRYDU&BGD,/&5)49&9,XNB?TC19@Y*")A0^
M<Y8#D-\^L)XUL]W_SS\6VOX`]I>)&!Y<,8,//S`!&!UTN.`@8D?,T`4&1FB!
MPX47`K$!87L`$<\*K'7`!!,B>*`!"%+<D0-!8(&6WXN@V!?6+#F\(`4$&OB@
MEP/`F&#".AVP!D1L03`@Q0MO3&-966XI0`0"$TQ0PPD)145`1.DQ18).121`
M0$C*+<>;1`(TLEU+36&G)DY%;`>==XI\QTA0!Y3Q'0D.Y4D30]81=Y%)BW"0
M$@EC%.%>`7#,`IJ+F'6&68"01BK*?Y)6&LL;=W@`!!WJN(`#B$;$,X0,KRUP
M(:D+I*KJ`E.DP.$4#5@HPZB?QG,8'8[9\(8W7'GSXJ_Y:4.+$C:`@*,)_WLA
M^P,&3+36``Y`5*"&'C8HL>MEH:D5#@5(%`#&`TU@$0,>3D*Y1@L4632&`84V
M)9P7;,`;;T=CUFN<`66@R4$).3VDIG7MEO1F=W%VEQ.>)&$74R0,U]0F=V@>
M0$()ZQ9Q`@\(`%``0(EZQ14GV5HJ,H"4CFRR*1"<H9AJ1BS0P,O/`B$#$%-\
M\06LT7K@01`#U%%!&*XBLP<+&Q3=`!`X++#!J@T,P400(.20CS_X608LL'*\
M((0&YO`8C`-=T-'!"K`=?84&4D@C++;ZE>6H/OK<5Q`%!10`@),3G*#1="9Q
M,)6\8+(Q5;WTGA"HF__6U)3`#T-,<,&!-NYOXO_7+3XPP1:=,($"!6#BQQQS
MQ`URR">73E;)IJ?.B1P#3-$!!D<,H84,09PH1#0KYA`#`QHP$\<;2<;AQN\9
M$-9#'6%\D8+-13=?]!>FSB."$"M.G5E`OPHKWQM*W'%+$!X(@RP&'6BA]!1G
MT).V?+?MD_U:PU-]6<>WA://`PA0>1%Y7?(&)F^2B,28O/"1,B%E.Y2;R>+:
MU+C'=8>!;D)<FAY1'LJY1"<0.TF@@J((`9R@$DB0C.BPI;H2^H<5)BRA'#*P
M`1P,P06D\H`2/C>'JP5D'VZ(`F%@T`0D7``/&:A"S0*PH0`0<6D+`,(51*"!
M.W#&1;:)3-4R$X>MC$;_"+?P&E[2X8(5I.H+0/``!&)P!S/0+V3O8TL_NA*Z
M3;3!*W!`P@,B4(;?`,<``K07GYR2``)^)`$G*(/A'I9`IMSD@!&\'$M*@IR2
MZ"N"?*O@<:YC$0P"93O344I.RD.E&NS@`6T(QQ,9E<)2H@)UIC39&XJW-+.=
M+087L("+PC&0Z\$!#JO<X0-`!P<YR*%&,?!`!KY@1"*F(%4KN$(%(&"#9W"M
M'G&0`V@N,THWU$@(QAH&+WSD@!DPZPI`B!81]`"&:TG1/G+[V!3;-I;/9*::
MP_O'&\#`@"Z($0]XV,$$6@`H`7JI(0FP"!_#U!$O>-``)TE3(;.#4.@XU($M
M_V%*(B-X@I)4L&%[M(GEM@,<#@#GHPBS8T?+M#D`8(*$J4PI*%"ITDK-H0Y&
M+)K+3E6!VD%`"LVPP`MVRM,7W.&G=Q!"&([1`QB040D6^*D-I"`%$.B!`<4H
M9M%P)@,10``$9YA"%>J0`\[D`QMB>,%2L^F+'3F`"S.8`1U&5%,&Z*$)%M@5
M-9Z8)%G(QU&/V@\Z-U%#:EA`"FJH@(<4Q`4N^*!G4>!G__XI$X$2QW_T2D!"
M<Y+`"1X.32UY')XH.U$W7302,E'/)!7(68<ESF(3(`(`D#"9EKJV$RQ];8#\
M,(!B'G$#4W"9V2K0F"`T1D<^,$<0ANM;8@I-!#[0`/\$'.`#$53@N4!00PXN
M,``52'4#7SC#T2HPU0I<:QIN((T>(*`SG9WFK&AMT!646;NT==57UQ/>KY[H
M&5&PLQ/!L@\G^G$'$9R!9D0$0A"ZR87G9B`,,*@*`!G2I3T]EC?T,J!"_[5`
M@6$PLXI$I.(Z^]F:Q,0XHYU)AY%32/9DS(I?91L:;R/;2,6VQ?QQPP6*9]L-
M/<]ELPK2IXPPA`[X^,<^-FXR9,`$!SWH02OP@!OT`08B6#>F7UC:&8C8@"`(
MX0([E8(&1(#<'NW"+R[H`*FNP`0?0.!VP?NJDL+BB:LMR:ZDTYZB0G,?:KBE
M#00*0!*)&=,&5&"M%1B5#,+_<*ZH1$("CP`M0]"%KHE\B8!)P&##2-O92D>0
M$2-68",3F`"8:)HF31EQXZRS2<I>9`(:JR5FY*J?.,.8+2]^]5J`9P$&),^V
MM]W`LV*U`"V8S]<8NM`*-H2,*7CH0_$X=I4YX09Z[N&Z-DXB;[D\`QZE8Q<^
MZ$(0F`"$5`%!`[>SUC37B-_KC<[5I7!S?2DCD*YD+080$"QLBBA58QL!`S-`
ME@>>U`(!3(XX;$"7<1@]IB3,I)+/L;1GN8/!,[6D36J:,.4".DF)*[!O^<+2
M"?R]I;Z5@"7E:<'FQ!#*M^&GS2R6]7YBK?*RW/4-%HB!&I`7Y9AB-[>IRBW.
M=[X`_R,*#><YGX+0%W`&)5,S!PS(@*N.0413*2C?)K#+.N@PA`8(75ID?`/H
M:ABW?MQUW2I&-RG4G?)ON$$.W<,B[Y@+7`QXD=ZXWH`,3.`$=3A`F&P0G$8,
M'A6I2(4B@S,T)"[]R,494N&F3J#!!;!X\S`LQ*!&'$DNEX2"E@E0/(F3(3Y>
MG@2L`0'PZ4K+3\;RT5M#E'-U0U+1P``BU*$.647?&68O]-K7?LJ$48'M;<:"
M*$]A`#;`SYIA'H,!/+OI%AI"A+HPA`PI4P33*B.CEA2.'!3K=CF(HEB`%?:R
MESM8W(@,$N[05!PYP1PZ0B\=9-``5O$9US$50;.,8`0=A?]!!;S!TIC^>:7\
M^^]+^2=1;O)(&B6`G34Y_])I"LAX>X<>E36`C"``'V`'']`"AO,3;Y(20X$F
M`D`)6%``Z_1FIJ<6I3>"[?0B;O`",2`%>2`$0B`%>*`',J@',2B#56`\`Z`&
M&M`[#.!6#!`#%N`'^=`KU"`9N<%*+N,R3E,!YU,'#'`!7;5D(=@H6>,#O%4[
M(&`#U1*%8/<-;".%UY!?+1)-+V`L.Z,7R+(+72`B&,!^4^6$-`9_NA9L$W(%
M/<`&C_8_"N$_"M&'CY9_"6!I!LA9F)1(_F8<B9,>?N(4A91(C5`$$V@'%F@`
M6[((0!$>/P$)'P1*FA`.>66":U'_@J`8"Y_8??E1/,@``Q?@5=;#/KP"%M)4
M#=%T`2FP`6>@-$LC`W2P3%W5%6`XA8KR!AHP!:<B`\KT7.`#`7J0(DK05>$0
M!^X#?F%8BIG`/38``3XP7+[@%QU`!VHE`TK3?F=P!6J@*]Y``=1E#$94,QN`
M-*G2`/%0`0R@`"V0=_$2$O72A_B(CU_")P?3<!ME:8UC:A.A)J+E@!E%.0,)
M@0A5!&Q@!W8@62U!`I:H$BHA%)MG`)YG"11@/R(XBM8@BB!I"FD$C*>X0Q<`
M#N=F9Y)!']+T1#D@!5/5<TV'`QT@CT%8&>:&<FXP`-B%1%JP`CSF8V&&C":B
M7"``&>`P_S5C]RLQF2.-X0!1%V;FLP`S$V5[D`'48@'O)1G[X!8Q-U1GT`5=
MU`!+,P45H`>L]0=-0`0P``/G4H_W6"]T20""<R4""'$(A'@(Y"^+Z&%\$IB*
M5I"5-8B75BA4`I%>4`:"0C";APC\D@"4``:8<$;>-Y)G@4*8:0W2N))7@XHJ
MH(K5,)KP-0MO%`<,\%OEQ6W0LP`K@',KX`)'P`2R(06V$8*AT`8T9F/.TVO`
MA@,RP&-7P(:U0RW-^$1,:5?51"RWD(W!=584PAHKT'[&M@Q-P&J>(3RD`0(:
MP%U(@P/T``%-\`Q8M&48H`O8YEQ`\`5VH`(]\)XJ<(\!UVC'H?\1E%5)B`=Q
M+W$>ZC&8BJB("W5X3-$W#E42)^`%%*A!.R$GX9$O%@,%&G-+'[F9IR"2%!H*
M,$)VF0&:89"2^K!FUV--S048(\($06($B$$'(H!O:=5%\Z`'03A"N!D0`Y`"
M2U=CMV4SJ_(I/?9GX(.40L"5]N4'UMB<.L(%#$(';9@TT#(/'J`'=R`&V'!+
M70%S-H(CS$6;7R`#`T!.%@`&:*`'&L!<Z)D.,S`VU-D`505<OI4!40`#\2D2
MB,@PDQ>0G65("\-'_[FG?D*8`3J@#111E?<!%L,2X^$==?(=C^`>8)`HTW2A
MF9D6(ZBA$[I.WT>I?@":HGD;\Y4#%3#_G$$R!#P&#^V'8\^5&%YD-A[03`$A
M9]M`3VHP`&'``C<:=[F&6S,53C*S1&+D@E*S?4*H!%H6!&UW!60#G.!8-&$0
M!'J`)*,3!S7D!C!G`^,E7.#4`.FC!G?`/5JF!L,EE=V45DQ`-DMCDP/V-5P0
M!()U!C::`E&``%"B-R,QH(QD>!'$1QA5D'R*D('I@`NE4(68$WK3$0=5D1=I
MJ';"$QZT.5KQ1J^X-F+HF??E6A::4I@ZL2=7;BB'L=V@J2G)L9\A!D-R(:;B
M:ZE2-#$E=.T7945S!BO`!$TDA3HI9],@!B\H!3D`!GC@>F&P![6*H\Y#92+@
M&FG%6VIP)$J0_[1;TQAT-P,H2IM&@`/MYV=/N"LN$C?/2)YBFHUT<`6DDJW;
M"@U:9E;(P@5=T"GM9Y/G@"S*,@-,P'Y*\P5AX`%`&!G<$@$UT&@&UY`":("1
M`&+GX9]9TJ^/YV!_63D":GB#IT$Z,082\`$)D"\&"R>,D"]#T8$[@"A[Y87Y
MH5\P,D44JYFC=[&7*1HFN9.RX+%BMQE*$`:W6*JLPBIG4`5A4`7$%+0I:XPB
M<"1YH"*/JDY_\`9J<`9590,>"7,_1`2S*H='U&=1-@3X)@+K-0_@0ZSC$[6F
M0C,+,``0$$MGU")=Q9P:``Q<T"S8F@%$@`;E9`M<,Q?5Q@MGZAI.H_\@6@2_
M+D`S;\@`=X`$LS`'B4(9F(`$"H`0(P&0%21)?;>O>XI1BQ=:AVL315`H$AS!
M$;P>"*44""4`5S(G')1Y'AP>!G`"1;`&JM4&$JHH5]L)#IM7'].%*56QJ42Z
M3:FA]J6Z(/L92/4"%I!4%R`$=Q!7':,$%X`&6,``=7"C1D,&B<$$O*4'2J`/
M8I$)<N`!"]`8(#!-V#`'TB0'%M`$>!"K4=![](9;4=9K16.3&""5XR,[6G`%
MYWNT2K!D7A=>33!>YC<,R\)^?C8M/G4C.9)^N^`C;DLV%M(!,Q`,:>@7W(:+
M>^"$%W`M4.P9;P`:;U``.U`#G482$L,OY5'_!.@"B!*AP($KRGY:.3AQRDG!
M2#71D&CB$)8(49JW@8KP01S9PML0C9CZ6C!L2C(\"KF,H39<NE.D?9J0PM@"
M![5V@U3V0K.)`2JZ3#9P!SVE4R_@`4/0!5P``4F;P]C45$PE!%KH@DZE`0,@
M6.@S,[`2M4;POJDQ-DF#E@,@!7'5";^C->;'7-V$`17P#A7`O2MH+./+"[S@
M`^03M;+B`M4&#'BAS]-9,U,0!EW:0Y813<;<6GX`!P^@3_U&$A@(6J'<?Z1\
MD/MJ08EK2([W)PV481`U'A+`$C6`,9Q3`"LL@IY!7Z7XPJ+;<KT\C1^)NFT6
MS$.:+:HVFO/Q!O21_P,@P'ZOXTWOH$QKA2O!55ZK*2$_8&80@",>L**]I2/#
MQ67$]:/"I:Y/5Q=',)Q?*P,>P``Q6C726H9CZ@11-P-A-C-,A%.EH3/$ZC4_
MHE97D#0X=IX*S5P3T@$X,`53E0$>D`?WH&*=2$I35`O8Y`%UD%@5%5$*++A]
MBMF#:QU]\R_3<=*#=T"P##G]$FDM\1.%L@6H%0$:LQ6U=+77\W4WG4J[7$KY
M@9VCF6XH[#$"<1\9>PU`C:$>TZK88$TVX@%-#`)9/1?+(F:X2(PR<`1'P"PF
M*B),K"!%U@%>"P2BB@,\YAHKX&.C$BHK(#,]5J+KYVM.XP*A8CYHR0`YL/\)
ME6%-Q'(CZ2?79-!\`G93W.E;YWIMPX`!4ENJ*R`"6N0$A;56W?:&S3K)4X/+
M(>.1G5@C4L``.^,U3H!8`132(ZW!"Z80?RE0"H0F%]6`@NE@E,:0C].8%<5X
M!J0(8_!QC'`"A](YDN&)F-&*/JU2M9U"3ID#[R46(@0*<E4+*D(-7`&\OAS<
M/+T)2I(H;T"M.X,!06!8Z8H!)@!FH8(#S7-$IB(B1\#>K_$L51F[J5(JOI;F
MG_(:9>Z;L*$%S>-TX!A&4B"EV2"V.WAW7*O'T->#Y>`!N@#7;!MU3$"=5ED!
M70#7</UE;VN61>.$:!!7KOB1>^4'UB>FOL`C@BS_W4F##&NP3U?2=X#+GZ3N
MKXR7CPLV6B]A$4C1)BW1XDYA<'Q*6OJRX@>["(AVP8R0$R4P,>11!E$2`980
M0HV"5\+,XSFM<OF!!*G9&#<5QP!Q[$0J!0,P#V8F!,TXR7@U=DP.9XH2!T!>
M+'*QHMC\`]RT&K/I8_1'?S0I53:G6_.0W>QG;#6%"Z\W;<_E7,]5`1D03K-'
M>^^G:S!;+1:`!TZ%4S>"?@ARIC-3[SIH`HLAT.K@MDFCHT!09CT2=>KPMNPH
MMW1K`37DVYVK3G-%+&:(ANGP`[&SLE.0`6H`A+?T``JP3QQ^N%["A_N8IX,'
MD`/#.'NB:!%1<'P"*"K>_PB7^!,KL1,YL7E`(>/340,3@`#"'J$"X=KX\:C(
M+JFFEQ\74`5"V0&-@386($WV]0(9`#-J"CYB5"VLQNTHN;J8<:7F8+9ERDUR
M+2JL<1AAKP9*!W]Q1XR(,2).8T\W%4L[?/B(_Z5W<`$VX()"D`<,$`53A0,8
M\`/GUUS$I2,DJF-5M8,ZH\9VCP%#,"2J8I,)+>A^T;7460494`<[H+YO\#'0
MZ-M5`S>;P3U!):9.8%:#O0+_G@'6&5=])1EP4`!8@`#GPJ_]:O,#%";.,5H`
MB6D*JA3_-CAT.?0-9_1FHA+A,106Z1TR;B:A1N-1+_4*``!-4`!(\`9P0%^A
MJ__U6_\H,5"++A,MZP4U+_`[0(YZU``(-E,;&UHX1AT=3$Q!&A`V.6Y^<'^5
M?I>8EQD!*2HP%WZ6F:.5<'XY%5=T03XFKB8./S,S3!U&.#@-,A4:4B\Y<7YO
M>`-5`<?(R0&$#3A73!@8,QB-0F^8?YAP;=EN.2\@$"!2&B(5/ERSLSY=9PT+
M#?&XN"N*K*VPL;0R[X0+0'0<.'%`T$&7?0L(?0G#X$*./\$J56I#L:)$47$@
MOE%B(YP3'P('<F%R!<B4*54RJ$%C!ENV3*4H/%"`8,*)%@ERYA200`#/G3Z#
M^B1`P$O1#UZ0$DC0XB=0`1RB&C`@U4"1J5:+%'&:($G_`J)@B>:\BK6L6:HE
M#JA=RU9MB;=G#<`M434JAZ`M3M28@"""`@``"E"HR.TE*8D4#8^Z=%%QJ,:0
M(;.8'+FRY<N8,VMV7(D!L@U?%L##T6&5.1$>A-A0PEJ(GBL+Z&`8HD7+"A=,
M7.`VY^%.#FZA_`3+%(63BBJ@_@!GS/@BG!Q!KOPHJ`[#HB%&5AQ:`03"BVN+
M_[QY@X1!&&7HCVU8@8%+02?)"S]N8T&/APH5J`59-..(BPY#=#`+!C*`1H@_
M"ZS`!!>N.&'"=$'0<04.!WX!!!,^>.#$0`YP81T0"8$6A@=YN&&B1)(\IAQA
MA644AS<<V><!2`*9,`,=+JRP_\`74S!D06+++38*'$2V00$%`$2P1EY-Z?23
M!$)Q`&421;%QE!=)>:'3ECDEX:4$24`IP%51D;D5EUQZ&59/1=`5%51DQ76`
M`6W564)<9=E%E5T2]"FF3QSHU9<"310@&`5Q%-98'!D)Z>AAFU4R&0N15FKI
MI8W!5,D%*GQ680-`-*!*-$&P$D1^/VQ($!,XB)8+#@$R(8*L'C210RC;O"3)
M)IV$`<HEC&94T9$47.*&'C($01`7.+I`1G8XU&:(,U*\(<D?E#QJP0Y[I(?>
M!D!HD*H34OA!6#9_6"#"A4%P(<ML0Y"!778KS+O"@?!<H:R##G:(004@'BBJ
M"`6]XO]A!Q02LL<`,5SPAF/!06HD17YXTY$&&F[H!!<<T\%'B&=XX,MXN#XJ
MI$1O@`$"QAYX,$`=42R)DT]_"M`G3T4EA5128H6UYI9>?@F574&AB1.:3O;9
MU4Y:805766V-T-94=\9EU]51C:%U$1QL!=4)/A5Q@EY\10#``P509`HFB8EB
MLJ:53HKIW'1C!A/%=Q`11@KJ$7+,`EH,<80ZL_SPPX.&_]!!B%.$UH`A1NCF
MPCD:"*'$-=AFPZLGOT:<B1@7Q`"!![,J:Z,+0V"WPNHX:`?/`!:X\7#;0H(G
M#!Z;>)N,#!N:H($%;U14\0L:&#'X#,ZN8`2T\[1N1(`>*]+_"H>Q8%!2`_@J
M&!*'!S<P"+@#Z&%!<YG",8>*0LIA@6L8TZ@/$S+H^,5"`S``QL-_R%&QHY!A
MXLT+4H``QEX!B^@`80^=6$,-$M"GN]@,2E_)$E*0LI.<'&6"6,H@`;PTIJGP
M22@@1%I/1.@D#I2E:G2J$UNDMI:W/`UK=B'+U00`-A@*)0%BVXL"'H"$M87'
M;:,PD8HB);>Z&?&(HTC,-5(6@SK,;PJC4<0,""(+W:B##DR04(@,1`@H+@`'
M,K#%$!CA",L%9W,P:()BWF"!CHPN"+.Z@B(2@;KLQ`\7\8C'%3SP@FO1[FV7
ML``QNJ6[#52@"UU`#0AL((8XY``$_QZXPO'JR#II'4(1[A%(00CB`^L,(1=`
M`((,9'`A]_3K(/!KW!3.H)(8W,\-+_E#BH1S-U'(CB/AT(`3/.``='2!#AT(
MU4G"4`<U2.$.X#F?_X8()(N<HHT>495!K",#'*R2F&J(P0,`4`.;W<5//LD@
MSY8RPJ`D`4L?2*<ZTPD6-F&-:R#D2@5)N*4[F=`L:5'A`5BH0JS`D"I6,2'7
MW@1#H@EE;#5`P`X`@`1E`I)\ERKB$2>**5(`QPUPV`@(4L&*31:$"SF2`328
M,`3V>$`&+/A""C;0MRZ.YC:Z(>-W_(#&"\A2#DH0PNA\T"YU:$<+7VP&/:J9
M"UT$@0$OT/^?2R#VMI01@9#IV4`#AH";"HC@$2``@H`<,(WE:8<>]5B0"32V
MK'1@40:U68%(-^F^=,`O1&$8`![`$`Q8HH^I2[58.&;D"H+LAQ\[FH)*0#`^
M/SB4?XJZB"-S*L`9]6X6K%K`,,.GA$B8BP(*V`J4O,83<1JEG#WQB4X(H$XV
MK-,H8AD3UU;[IJ+UI$GT[!(#\325`^13G_O,[5K\28)[[JF@7=/*F.YR-3#Q
MI`@M0&Y"=S@8P\P2HHDE(F4H2MU*#>D/.5`".#0`QU;$(G$_.,B-Y/=%1=#!
M!T+XS@.(\(5O!2`THQG">7W@`Q#D`(T,".",?+#+=&#@"&3(Q1;_#^1%7<A`
M`TH8SD,7?(DF$($%WEJ`Y!91BPZXYP?_69T,4K<(:72A>LCK@`LXY@)Z;;4+
M&,#--*2!`80E1+`,N(,/#],VB"SF?RNC+UFGT8%WK+("2`4/MA9\D?%\0Z<S
M"DF'9F`+H&[@#'(%PXS95@`$),``8QI*SI1"SJ>`]H)(88,7Q(PEL82V:X#B
M&@33M#0TA<F$;"F#TUPHESGA5BU2*X.>YU1;#_[VG5K1RAB("Q6;Q5,`+4AT
M#<R&!$0U"FX9B>ATJTOIS&`""408@!K@^&$'P:(_T4BQB)FP`NPM8P-?%*55
MU6!?-`P`JLD`#8\:L-4':<`8G=B#"&@$_PL4TZ$9I,3!%UA*[&-\X0PA^H(,
M/&`!B3`8D-U`0@P&8(=8RX`,'<!V!ZY`51?XAXX8Z$*%H2%BA'W5"-)8<C1<
ML&[LN.!P.:H-/#0`B<SM3XC-89$MY=`$`>IX(/UQ0:M`$RXIB`%SV7J;)6QI
M@0#J4F.NZ(^+09,!!C0!"2MJ`V.6HYP"+'!,%B2M.LWLYC]%4)UC]BQJV40F
M.)U))U[Q2IJ\Y-O:'J`,?*:S7+"B0A;FF<\W]R!PKV8F#@QZT`Z,)PEZRY,6
M\$4!@_&?B4R$/TM)M-)8CPPF\'",*62H=Z[X+VY$G.&$?6L#A\@-!BKW`CV\
M>MBQ=H>"IF@"'_]`N!-GJ,`TU7J%!H0&"![0`Q[N@`8]J,$#&=@#2YM!""UT
M`,CX>[;),F<8"S"@"E,`0D]+G!#'4?4(H(_&#+3@#R!,*$&M<E4\$M3AV;@.
M'J/D^RA-KX9K.?MNC-*X,-:WLI8)Q'`2`M'\,N"!&%@@TA(A$O]LZ08YY,"-
M'U&R+(XP<<%F<WP7,5:*;D\D;B8ZY"-/P&>[O).@O3:"1?&9^I>BVC+)L\U`
M2\(]JP9T.M&6SS;?[9S<9']_#OW_@09"=K%T3*=:.A08S35U0[095Y=U#B@*
M?Z`&R'`%^3`+WR9B0S!*5R`"08!XL`8:"\`/@0,-_"4.4C``+.`W4A7_/]HA
M7T'0!5-@'"P`!!4`2A5`.MYS@XZ@!XOT`G?@&AZP.K0Q=TQ0`4I@>Y#R;,F'
M!'?0>SZ0*AQ#4D#`4L<`!*$&3.S6!06"+Z!"$@-W$L26(*E34@+&13PR"%/0
M`!Y@+4NU<(PB!B_@1AA3$+)0"ZUR!D!0!PQ@?&\0#(P"$8!H$8J!,APA!"LS
M$&/E5R0A3&<05PR`!L"3&-C`/X8U!W"`635P$Q;$3J-E05SR?A8D<S#7,^T4
M6J(56R5T?SB'?[1E-7#F07!1<ZUH%;1X%\*594%14(56!'MA-@5P#;87-Y/V
M@+<W1&UH&.@2)$("!Y[Q-Q3FA:(!#S18.9<3_P=OD`=UD`)X>`[\50%=Q`0S
M@$A!X`L@,``9T(4`4E(+,`31$(.=P`*KI!)28`$O4`'#)@/MD2'TQ5.L@$BR
MD#C6<P7'AWP0DRF:XC\O`D`04"H$X01,]GJ#@`Q38%4^P&1D@!ND]@Y?M&N=
M)`/M=1+*L`$G@8?<%BH'@B\A<R*(L7`;80,"1#V]YC'><VSATVP3P0TOX@81
M(2PU5C$P<C'1UU=N)4PBV4J%!5$'20J98"0%```T,0%+@B7B)XHDEQ-'PR4;
M-$\C1$*BB(IB`U`[!S5JT7\GA$)QX29E4'-T`9:R"%!N8A=C(&AQ"4]#@S5U
MZ35Y,0%$$!C*N'!:Y_\'#4B,20E1"W<);9!P0X()8,`W`3`%J7<2@A5XO^`2
M;9`1'N!U^5!W5T"%"=(!T4`'+>,#(F!*^T`AGLD%[J@">Z`'D6"-Y@&"..`"
M,_"$+:8\`9((3!!Z)-4`:I`#.1`\0+0_D6$*<.!(;20%]E$JT^,`D16-@_`%
M*1$&*;@,HL(*`><"='`$LI%N)H`!I`>"A;2.BR`#D'D&/#(`0J!4$V&<2,8Q
MJH)*+I9Y<A4[PL!,Z!(Q&4<1B[5=F_1IU*<CA'`&Q=0$F$-IC?('1]*4"%`#
M.%&*8J$E5ZD3J"6*(<03%HJ*:!(G'.!"='8G=L*A9FD6!Q`H>-$4<:E:@9;_
MHD(7%01H=$?G0$1#4&\"3[:(ER>``#O40_CSA^B"F('Y@(.Y@!.1?2>##3%0
M'"?1`$&P2/?3'-@@B400`%H`CCD23,BP`(@P8>PV`^[R`_XQ!"!R!+`0@Q^@
M`E%P`=;H!V+0!\0V58/32R2%"\^C"!26@9HW/D2";S?V(J.`!!<P.B+`D?DP
M&ZT#&P<">"!P!V(@!VS$=<OP!3BP(/[E'_\!#:&6,,=FGE2('IUY!1KP`F!@
M`1?@,,(P==_@A-2#8GT'5VJ0!T?)5+.4GTID`8>X/03Q2Z4V;%]P!6H@!,`#
M*11U-]M``4@P$PAP$^PG`&JR05[Q$T9!)57I)%N)_Z&?&"<&,`8@>EML02<Z
M1UL\``!-@`5.J0`1@``UL08W(4X[@UK#91<E0`)K25"')H`",`8HBEQYN5"Y
MDI-Z*BG#2(RR-(G(Z&QNH`1-``DZV3^><PES<`%-@$RQZC:(01%N$*5HMV%C
M1%(4^5'`%"N@UP'<$0;\$!`.D)K(82Q^4`==U`#UP*7FP`\RL($9X@$:H`=Z
M$`,$BBV'":R64+`VH`<8XX\.0$#_Z`)`,#_X(5</`(R30"1P<`&,V46P0@==
MX%]U=)NDU!O7``=(8`%-H`:)1PBP`HZH\0*/<0DX)8?3(Q(MU@\L4$S&-P<W
M^5`K(A['J4O\U3M>"K(S*?^@#3%E/(M$0I)[W(`D--%-%NH37H*55,(E,R.M
MLD6M.T%;=*9"W0HU5H$`S:9,L(11I9!12``&#]`$,:``.T`$$P`#ID5!@&*7
M1B=<Q$5H@#(&$D"[V/H6<7D"$Z``!5"<>OH8/^J`QR@*&P%`Y1`$WM&'QI@^
MD]B\,!$*C/(&>G`&<S>T_-)+Z.`N3-8/HH)%5W!@4M!=/Y":GR`<L*0&\_,%
MH")2=.`+/V@#=_`"E?6;P9*P*^(H<2`&8,`^/#4=1#L-DK-MJ&%,%B`'YZ-\
MY&,!N7-JJ,:R8[2=*Y9%-R@.(%#!`H0Q(G`%%4`X=%`!B\01-N!PU$,03,8/
MJP3_!/6#!@<'N`]5O(8(`=+42]3T#MO(:HJZO#^4=<&2DQO'M=NT`PMZ`I+[
MB9';E;$E<U"!)RAT<V,YEK.(`&*@>XSQNZ/@(G!@`0^`!7B`NC'S?4T!NT,'
M*&.R-63Q-%JANQ'0!!1`).CBKY0"L-E7C)?P!H^$P=!P!!@@,L!`D$PEQXXR
M=70L!>9`$*]0$+ZF&P&R`G#7F&<@4M3@!($:!!C07F7Z"94@.QH@&K,V#S;E
MQX.[I]^@7X$*$EW@"H83<!U03:%T54>8A"[A!TB@!L;04@W<.K$B>C,@R;.`
M2`?1R^$X#?YQ"[O&,O3%2QT"3"`R3")S?+&TL,[L/QOQ_\+&/%8/LH@[P@)Q
MI0<0JX195V.,<C<40:S&NB1H`HH5)'-&/,1L8C5E(6=S@G.M6`(14"S/"VV%
MT38R@06G"Y6)UA1ALQ4L2@*%9G1GX:[W%"@UL%#-]1+!*YC:YYM"X`/G$)2N
M`$?+#$LH(Z3*L3]SC"LW]0T=`<G*PE4A1GWRXE7S$#">`CA"F`@>:1Q98#^L
M80,>(!M2U2JE1@159Y#,ZP?J@V0<F`X'<9L!\A\EIAT-@(>L^5QXQ1QS'`,9
MP)B/&HTLO3IS2G;_`2``DM7IN`*&4%(-()O3`(T\`GA2D`/*5`D*1J3VYI/9
M];,:H&._QV,`2C]X(`:OS,UP//]YE-`&2*``$W"5YE?.IZC.(I3$LX@G=F8`
M95`U4&=8SOLHP:DIEW@D3ED3-8"N)^`U>B(7]P306.-G8*.[6)!P#8UU2Q3*
M0.M[,^`$[Z(;H68=NT;`C723VT`8F-"24J`:;K1?A#P0+=;5KT*#-*L'4F`#
M%R`%1##+?1."HR9LJ[0+'-@%0:`.G]0J\1`#X*%@2?@_.A77]-4%LA!B")-6
MK5-4H"(":D"J9_O,0B)$;W`!>(!XYCEL#0Q47X0+AO!5W*$=];(ZJ_,X1=4J
M>+1*Q:0'%X!Q"I=Q:KT1=^!POL>V7G@&\9A-BFH*?YD)"IC#P4JW%Z&,]`$`
MQQJA09/_!(D;3X9=SM9*6^Y*)_#,9T4``!K'PLOGR4I)2W(0NDV@`.1:$W(V
M?^]:-7IR%5YCE1/0!+KG!J==:>-A>.:@"-0`"S]0FZ+1#-.R`E>@P1X``4(0
M"??KDVY@!J(*M#RUCUT`$AK3.RD6(*H,!"+``(1E!ABND[(#!@,0@Y^1(#%E
M5;B,`=,QY0C3.O/6U(MBO,8\M`[08B55+R#R#J$4#WCH`0S0Y6LM>7"341>@
ML@@B6:OD1<T#1LZ3'480/X\3#R<Q;%-0/PXC$9Q+Q=@P'&S$/C/"2P`G(0"*
M$O73!%'<DY8.-QV^X#?9E]B"!%B``!':$V$B`::(XBGN)$-C_Q9#UW^+/0$%
M<,!*6.,V-G7:;IA&(@:7;1--(Q>]M2=@\Q5@T0((\``48!A+3FEN\`)0-$;>
M]K&DA@.AU'GS@R^!0P<XX@./8`'T:`-"P%WI,`.I,GU69+VJ,M8NH,$^H`$.
M\5QOT`1H``*\?0&BJ@'-,$8RD!"<+DK0$(Z`K@5)G=1G$`/K;AG"@$L><!!C
M!7`@6VH^!@\+<`8:L!$Q8'$/XZ12=S+.)AYLC2)Z`&%2%4I^RP`,<'CF"88K
MJ#Q830;\\`5[H(=(4)]+J2BYS1SY^P+?#1(OSU6U(#\L4`4,\R.,(@E3QZ.3
M[>O%"*2N#.83TPW7L@TB_GU=`4[.'O]"AHW.4&)"5[,G?^9;BUT&`&`*EMC,
MEV$RY_+S@FA1%%``A\LU8T`5/!$T8C$!`!!UV-#NEQ*D<?`"+N4,BE!B).]W
MLM9>#"R2\0`$]6*I]/4#ID3"E+0ZB1`-G80P#5`!V?0"!_=<.:4!?$X2&U@C
MM!!N#A`$*J@0K(=(&)!Z4(8&;W#;6%\QO]]+']:?4_Y)I6_?H%$!G;/VV&Z0
M02\1<9`'>I,!1'!,2E4Q;S``Q;8,WT.2N<%N#@`"U8AO#*Y]`^\(OP`(-A`:
M3H4_7%TS&%=`#1L;+'5Z%Q9O?W]^F9J9EYV>EYM^GZ.DI::GG9RIFY^JHG]P
M#T1K+0D"`K;_N;>[O+<)OP2_PL/$MQQ%R$4<R\S-'`8'!V7110@4<)ZJIZ^H
MJ-RJ;104!0`[M`E>Z6P]:T182'&@FG\L]=WWK?.A?V(J`?^/OIP9X@*#BPYZ
M;"BQ8(%!'1;_`FR8T@"(BQD_')AP\.,'DPX=AA@Q,F0%CI,-%JA<,(4B$#5*
MXLB,YR:.&R6"1-"APZ2D"RXS-#IP,*.GR2\I-J20*''#`B`=,,P8TD"#DC=R
MXKR1F2/'"RD0//CHDFC&C",N7`P)"1(#$YXR@`"I$,2#0ILR,85BA:^OGS=N
M_NY%@J=.Q"]3(F[XTD`&P9`5-(!X(<?-'%&6_KB1HT1/!1].''C@_^+#06@?
M18<`68`XS(!);[#Y07)A;]_;N'/KSB8J'!(`$2:<J%6LEZ\$!`BP09X\V"\O
MOUJT$(#L5A'JSK(_BU;BP(0"N\/G?D-.@0(L#Y!@.U6/A?A[^_XP"!,1H,H5
M0S!XT*!'BA`;-FA000/XT8%!%S\@J`@&(9VT@A$RK)!217)ED$$%'@PP``1-
M5)(7)G&\P(`()-*AB%I&N-!11T,%@8,66BR@AAIA?/$(4XM5Q(1;^T'@XX\:
M:."!`SX`Q<2.;GTD(4L+5(3?%2`=>61=:H!@@P5*Z+47-^_QMN4K;UB@1QU?
ME%E?`%\TB<-:4?J@@1`O*)'#&SB!(.183O]LY$`7&`11`2,I31%&'6I(<8<8
MKLBGAFU=-NKH/6Y$FDD;X8"!17`U$&?++1(<UUPZS*%#@#I>?`#==+TL(X!V
M18S!07?1&*``!8_6ZLD;;<`1&Z5_R!18*>W9^D<;JVP90P9G-K7`$'S.0,<5
M(O@@`@9C)6B6(DRDQ8=)#32&0Y-`>*`&'FB`(48.9E@0@QY"9`G'-Q9H`(0,
M&!PAU0\SN+`CBQK]X*(6W=H@AV$I)'6C1&GB$.5']L[0Q5!<&'3$$4-H@8,1
M;9FU@&(+G`2C%D`,<:1;%42K!AA?<NEHRJ+(YH<;,:@APE**?2$1162`%&5=
M/GIP9%"%.$"'O2[_2-C2%!EX@`<8</#*&Q@9Q,"HL%2O'.G5-?7:AA@`*##!
M&K](T*D`2221''+0C9J<%Z.R4>H'<$.70-ED[\+!JG@O0X(!T!RP!0\%O*%R
MU>)M&6D\P-I#N#::N0$8S`^=Z90,3)C541<FF-#%1R1%=58'9$C8P!EA7#$`
M`Q;(H4F8('@@PD<\!2&$ZIF\X5G(+APQ@PE.2%5D:<Z"-,05!.(@PQU_(-L4
M8@<_\I0,4=4[,5HE38A#2DZIA($#%92Y06-1';3"(XMU/,00<>&1LK#K.RW/
M'TCLT$-$-*,I\HZZ8V!0[D'A.X,,6EC!5"3TDCP(;@[KN40<7A88Q]4A_PN(
MB@_A)KB;+<G$#_%X63@`@(!,U:(YS3$;`40XJG3`[80$$,`)GL&W%KJPA24H
M`=^B408`M.$R%.P27X;EOE$$BWWSZ$0X>)4).=QA3%/8P#^618<?9&X&(2G)
MDE0"OBA=X4UW>)SC<B`$"/BI`SO"R`_R9)4B,L`Q!)E81XX`QBM<[R0O@M$&
M4%*!+"E/(D]9`.ELY!0F-,)X%8">1F;0"!LU93$V:LD99-`MQT3%`4=*#$"<
M\CT@J`^#4UL9RX;E)5$@(09UJ!^:*@(]C"1)?S.(6`<>!$89Q(4!.0A,RJXF
MN"8$(`."DV`.=PD?;0114J*(`P60T(0=?"T=Z?]H#C$(<,(3VN*%?(MAWPX0
MPQ@>()K7!,"[!L?+"?ZP5L!4&:_BD`,[!4D#FZO<4#1G$".\J%NL(1_"&H"#
M%5R!"?L!05A$4($CZ8P+"=I(1S!0@1?XH3/0ZT!:I%(4DXB.GB6!447>Z(,<
MP.&.3@&"$'(@A0Q<(0A[J@"3(+(`D$)1,B!@@!H&4",EVJACCE11%SJ@A0X$
M00T9R((*4I!($:#L2T`$ZB6(Q9L%^L$"6/#`'O`XA074U`7=PL%;(D35*S`2
M,77(XBO6APD+T(<!6@IB-\=:"JZ&51-P:-HXL*``!$Q`.FQSV]L^8`>X&:,9
M,#2`-&?8MQE>,P(4$!S_61_%.$]\\U'`!`56Y$"GKV@@""((@B+*8I:#&&$%
M4YP"$,XPA8+5QWEJNJ<_05*0C"""+'30UQ""@!,!A80,!8&B22X6EVX1Z'SH
MBY#([/*".S:I`5GR0`"`P*"*'?(1.$B+OJA5)1L(@0%!:,P5KJ!<C#B`03"J
M0`XL<($FH`$-,8@!\LQ*6/*V0I:<>,,=B$"^A(WO$5>@PRH969$+G:X2HLBO
M;5X!AQT4+`:YW.%@!WQ67?*%@;WBAP6:@(<=N!4&<S75IE:U#&A:F)K6+,$6
M:A`X;A*XK)LDQ6$=)<MA`28'.!F$#U;L`Q/@BV@'Z8`[KZ?'I#'`NWA8:1:2
M_P5:_"RTND)SR_EV)`,-V"`(4`()&8[`A55VBP],<*=<4D*0\\E`870@$9*!
MX#R0Q9((:)H7B9(XA3,TX*-2V5\'YA4$D#+H+0S=';Y*<A+M$G&K(:X5RSS,
M0%?X`0PV2PI%&@`0BX3.GAZ(`1ABHSH0[?D22(A""K)0FTQ^>*RSW"&E*&`3
MK-6D97`P`X.),`$8L.'4SK&;`8JPZNM<!SNL?N$66J"`7UVZ&X\6L>+TW)LV
M7(`!'@C"]M9YW158#"1'\"<01*`&/32!=G,07"[A<($!0.2SB7Q*DG/'1G<&
M4*&KA%*,*^<#.H@.2FQ\ITK6XDX)Q8A)%>FG6JX`@O\[W&&E,5"/!08TA"6G
MY2,*9<(*&%.Y-!]A(SP90F53E!$-9,9Q;BC6EH(:BC#E`).^+#$L,`$'/`P@
M"GN@"`XBTH#+X@`($+B:)WRU9TU(H0X,"+"`;]U-2A%5'AB<B<[C<'.<]YF3
ME`*#`DC=@F26S1;#80X(G9,$811A`EC(#,VW,7-3C#@?O>*YST,QDZVTH0`1
MT`$4$#"`0G"!"_R4`?G,'%60:.`%.3#JEQPGHC.0;P%*#$A3&\"'@F"@8@!S
M*GZ$YP*R!*$#$8H19J-*SQ=AC)$J22+Y<C3EBHC``9*)DQ*D`"4F=+XDN.W`
MQB9B9N/M2,8OZH")-.(#)HC_P'%];OG$)3X/HFK"#5R$P&1HYP<YO,!.)"KC
M^X956'F$Z0XVN(`>,E`PTA'*`@;&\Y;>\`8B-`%Q'I[ZA\7J#:%ZH@U(`,,#
MV$J$*,"@!VQ+IMJ0>>H63$`!#Z!`&Q:H_5I=W4N=Y%)@9/(&"@"`"C=``TM`
M!0A0`?6$/@T@28KQ"(WT&3[R6&TF&8.@`9BG`3X`4EPP%!WP6<I".6XQ6]#C
M`F1`$(I`!PZ",<:&$E%U$BM!>F?P!2R0%`C#1Q.Q`"2Q`I03!*C!(.`V6Q5A
M=PLH$37%$W20@4+!!4P@`U>@!`R$7K*7,D:U0#5!3CBA!Z[S.E(B`C["3Q_5
M!:7A_P`@(`>KP$E]02R6T@0YP'M5EW^:``8#('7U%X<3!&J7``?$U#5$,``(
M@``[L`/F`0`%(']$9&MR^![W1WL31T1P$'$%\`0W<`-I@`(HP`,UL`=:P$B"
M,@!*A2.'M`#00S1@A`%&F(&9LR).A"UA($H`\046,SQ'8B!JQ"<A,5M&D"UT
M1F.L429GL&P)<0%2$`,,8&U*41]ETB0J,1=OD2T@X6VC0SJI^`^(H3`,E1$<
MH0BSB`,9((8S\81;)T%4:"<7*"5,\#![(A5O08H.D&P=H`%BZ#)DB!NY!F(5
MQP!8D&"%>(]4,SA^H"M(@`34MQYI=6<ODWWX>`^'V(WZX/]G:?4``)@&-(`"
M(:`#(U`&)W`],J`&%R`3:K`'-Y)W3L$'^3,RJ(1*.R)?5X!;,B`"%H`'=_19
MV:,P#6-*(A$A)[$6J859*\`29;(','<!3I@);H`L!9,"85`%9>(]#'@]MC4A
M1<8`,7`!+Z`!BU2$0^$_#I,O=`8C.%`!%X`K;,@H0E4[@N`!]]01EN-$)E`4
M,]8!E>4"EW61@J47X1&/I+`E8$`$O5&0>EDUH2!+/SE[>XD;!UE@0]4&MQ<8
M7Q<!4(`"-&`%$3D"(_`W".`!!A0.\@<'>4`$2X5'?&`$!F)PRA5;/\`@TZ6$
M"*@!/'0!1'!M:=(!R59P:686!J'_;L:X$M]R!@.`!^J17UL7!T*I`C!P`7/P
M`!Z7`36"&&=@7W5P.G?P`D+P6*^S/7ER=O62+<J%6S@(1BY0`4(@<T\81$YS
M$U*@`2"Q>IF3)T-!%$-P<HT`40^R`O/"`&(85G-I7OD0"G@0<X&YG[;R#7WI
M??R)#X/I2YEP03PT#O]W`R$0B3J@`SSPH`@```\`&&GE"9L!`4!P3T#C!$FH
MC,NE.R>">"?'69$`?5.8`S;@`3)`!R!%;!GQ`VVA/QWP(FJB$LSS!5FD)04V
M*;\)`TU01'Z0`V)P!Q=P!V!P%7)@`2#0.OV4)+J#+R3Q(G"T)E:6@)H%%2FI
M`1!@`W.2_T$2!)A_4$Y!8"#6E9X<P18TV8R+M``NX!AQ(0-Z(%BZY!=Y5I?[
M@)$$&:!ZVDMS%T[<MZ?LL6MVF@H+Y'7C\`01\(A68`40*9$&(``1*@[;I!4H
M]@+[%"U"@2]TH!KH`T=-XA@50!70X@']`7UAZIS[!%).@);Y8B]*8CRN=)+X
M,01.Y8RYR4/$LF<]6AN1PAN;T1E)&(KZ@Q;Z<B3U)*53BH-<QC'7HP57@`%.
ML*6Q!!C<MTVT%`=*Z@%1L2)/I#_R11)7=G)XMT1G=@48(@57P0ES2J<`.@I[
M`8QQ":CRB@][-A-G-:^H,*!XUC1P0`X1`(",RJ@1Z:@UL`/B8/\3=.)<^D0(
MO_-$9W$02:B4MG6,4^8!'K"<"0$">F`GP199IN%B9NF6&',^X],2*7&`:C$$
M6.2/-D<IF[2K+S.?Y&0!-J"Q&B`"3N0_`$=:.W(D12,2)J>4-E-H(H!WGBAL
M;K*EE-&KYR4'*!H6DI41`J4@`/=&KJ02$S$Z0+`A_Q$3?_FGNF%I]ZD)1"`U
M>8JO>_F=Z[J&:'L)^HIQ_:H`BAD"BPJ1$<D#(\`!)_!^8K`57@$"3M!F0Q$:
MIH4M461EWP(P,.)45\8:$,`"$[$"^G,YU)B>/_!O(6%R]O1>Y(,#TS@#/@`!
M[1)+"9DROQD&/KD9;F`!711L.EB5;(3_/E0T+P6!(+(H8[,%,$`0!E$0$4^1
M&.4#JZ/*I49U";@G!<@+`3YP(!N!2FP$1JO$@A32$C)0`17``%+@C^A%G^L:
MMFR[==4'?6?;MOBHMC/7O>2KKY(R#E"@`R%``_![MQ1Y`@6+,F]P`3$``3I!
M!Z81&@9Q).@S+Q$2M`'$64?9$H\P!1X@!@/0%#(`&ASQ`VCQ(/6$6:X$/>X$
M(8[0%,2E$7E"N*(8K7#R!I?!,KV;`BH0!92`?(_51$^4%G00*`J()JSX%CLA
M7SFY@B=1!T?%`"_8`$-[2%.@!2)!%Q`@!5="LV097_V;EI1S$&@A<(F4@&=`
M.A[PHP/9-)B@_[IT>1ON@[Y;AP>7-+[D6XCF*WME[$.":J?"5`!4H`-ID`8"
M"YFS%@%-4`#;9`$9L`&8&AI<X`)\P`=*6%N_E1+A`@$#\()+H12#4B@6H!47
ML%1]Y`!<,#TND+A\(&-419/&$Q*5\S"98Z:5BPB*8&0OH'E=41DUD0-"*1!B
M\;H0(UNX:(P=63[Y(8HSX$XRT#E&\WI_P0`J4`4[QF.(04^B)0)%P01!X`2)
M<,M#D,FYXQ970&95`'-"<`>QQ+WV25:;\`8#@`1@F\9I>\;?*\YNN\:?0%1M
M\'\Z8`5I,+`CP`-0H`"!J!F:H`2&L0%!P#DX>1+M61%U$`0,``(7Q_]8V\40
MYJ*&,F$&RK,!5]`%N8-Z@+2IZXF#H.<YHODSJ>4")E*"9H$(/:L3.B@6).T!
M%3`73#Q(#)*""F-52HB+4T"#'5,Y^'*X=-8(`]!H\(,$<P`&'G=MGV4^;I$6
M,O81C`2?!.*F)X<A>-"5`;:C^A7.`[8)Q53.YGS56*UK[F$*M++.4!`"*&`%
M$CD"UQ2INB(3:?478!8`SX.3\#DO&#()YN*=]1H/#;Q$E!-E,.)*WX)&GL,O
M'"$2)7%9K*1D,_F>`51=A6L6.Z$_Y*@(&',0;/*JT).3>-=>3L4$.=LYJP0P
MH^,!C-4KU#?:;]`$:F`CQ;P"PNI0W^).MM7_$G,AT"`@!!:@'F'U!C'0U'0-
MQMQ,MI56?%D=W,)]SEM="F((=N[KF&0M`"T0`0_0!H<3#IH@!WA@,U\P97)A
MQ$U@!I-B<U`=U<$D$PSP60T`P.-#2CM!%I=C%L3J4(%'12F!M7KW"&0`6_BR
M/T2M,$%!%!V0$AR]L\9V;(AGHX;$@$,`&B;0;31V!E?@`1NU78(@ND+@'ZT#
M+3I8"'Y,JQWS1IQ%.J?3!(OF!MC0LJ%P`6&P!^Y@">`-W%.="4CPAD\]W#(^
MW(/I!A1`!5\=`C<P`@90!D1@O^\R!PA4PD`9`R)0Q3)P.I2Q"6D-ICW7"9?Q
M!FA0!0"!,!G*98M1_P%=X`3YDC,C>#[>MB:>-R]`$--*1,Q#,#1(B'=I4L5]
MA"^6W2U::1+@*M$'@R.((6:'1U\>H$\^H\R3]3"*@!'[?0@A*@.7_10>CCJ=
ML!E;8:_W2GUJ\`\I8'U@>FFU0X^\/>.<CJ^#20$*P`.+&@(A4`)EH`!PZ`>7
M0>3=;`%WH`1^VG*X5CL-P7R*P102T0!2L=&"C5DD>W(BX.!8PETQ,P!54#]3
M<$\[410%8P<!X%D!H.L8H`7?DWA:,+(O0A`"AXM(.7D;0"_WU`'/ZMCDR!$<
M@2`901;Z(T6S6.85H`8,@`:TG4O%4A.?!E1^@`=4'@!X>:]3EPEW*;:=/O_P
MGH[.M_($/"")<9P&$0`>KY`7EUZ78ZNV0@0_#H$406P_N'N)D!=O:B"ZC(4X
M0Z5`;P`&0B`",A"3,W`%$_"@E-@"B^R)KT.3(O.9/,$$?&`\CC#?M;P`*_`S
M7WC?$Y,6@HU;;()X\<T26PL3(F^GYFL!`P`#`_#CF]#TVR<XP"CP!+_U>CJ8
M<:``[0R1*'`#5%``FJ!S\=&RA>G=3L^-:T\L=IC;P>@/2;%(\3T7`Z`&3PD&
M9I!`+<OVJPL!/*%&^`($4."8-Z`#:P`#-+,!RQ8$!T'T&(-XQE81A&8?C9%0
M!T(6$7PBH4G4(H&#$6(20(`#59`!>3\)%B`&,I'_*^^(B/[Y)4B0!V(0`T3`
M`(O&XKW]!COPVU+-]<"_EUX?`3P0QXDO#0\P\5P"E+'>EU=#\18:*2C6-1$`
M'.?'4TG$$C(@,%AS>TWH:8ZC!P:"&M?2!1F``%``F0>```H``SAR!DT$11&E
ME4;;),XC9AX0&@[3!<0*""XN'1U#AH170S(K#0L-#4!7(AX:>6)Q;F]R<3EO
M;VZ@H:*C;GY^?W^FJJNF;Z9(#$1X8J>HMK>XN;J[O+>F%PRNK+W$Q<;'R,G*
MR\S-SL_0RBS3O6X`13<H-#P(`!31N7%Q;:FFJ&VJJ*RGF&YS<`I0.O,Z(?8A
M6P$;*7M[41%/"E"`D\[6_RHX<#Z]T7!F!8XK&+A@F/&#"Q<Z%:XX@>!C`1`C
M./A@F#@#PQ$7AHP,86*12\4?)AR8,/$#QP(<#;3@&%)(!@Z<#::<&1HF@YH8
M2,R)&T=NU9\VY,#Y8O5&3X8FPM9IW<JUJ]8_:K!\E4JVK-FS:-.J)3:-12\_
M`!+40Z$#`)P<Y9Q&^SH,E;B";2BL*<)#QXT0*!*CN,%CRPD5/:!024-%`04*
M7>5\BD.!`8L-&Z;@`++H$).108)PZ>+#@>L?#IS,G.FZ-A?7)4<R8=+!B`Q#
M.+3(N"(#R!FA%3SHN?#"@I@W4*/^<2/.H-ZS7RWL&'"AE9^L7L.+9T7$PMBU
MZ/_3JU_/GFS;7G$4)."!V(HW.7G[-N.:OY8Z<VW$40`;;'R0P!9S*6:%%3>T
MP,8$2]!@!104H%/04U!E\@8%3T3QQ8<?;K#`%PLXT@`.*_PFPV]#&&$$(8(P
M<<1(&-!QQ!$S,#'$"KX-1QP?Q3FT0'(0Z"&$!=#%X5^`3$7E!RA/EK(.=EO]
M88$:1,0PWI9<^H$''E6V)^:89):IWGN]`,"&`3J@8$5`WVSE!CCZ39G..!?8
MH:<=!(Q0'PV*I5$#&VO<D,8(/%"@I#D81A?'AO%$P<("H%6ZP8<EEG@B#C[]
ME*).*Z1H!!^ADNJ0%B8N,)10E#KBP1W/Q='+&^($=MG_9;)"Z1^C97GU1A,,
M[)`'>%T6J\H;Y85IYK+,-NLL6]3P$H<8+1!P0`AII!&0G',R$QU4_>F'3BCC
M-)%"`'9\4$0]$MJ3;1I0L*'"!#H<4`8%;\S1%04%T)<%$!7X5.(40-0!1!B/
M+#!%I@IKVFK#4S1P1L*-$)R!#QGHLT$`^IP!@1_16?>D*:#\P6\!3RCP!``"
M79>6>''$0,0.8#QJ[,TO$,'?LSSW[+.8:.[B!P43?"#``3=8D<82#U28BI1/
M[>?R'W`T%25UB_H!![\`;$%`$?=8H4,"!VY1&`^#MG#8#4^LS+)`;2!D"AP%
M4!&"%5EL<*(16@2EARISF*&$_Q(O")&'%'JH@:4:+12QQ1:./_ZX&@SDH824
M:G#,`L<;`*&!*7/,$<HIMA90``!/1'#8W1(N$9`PY;P\7AQY#$#S*L02NY7N
M6S'0Q,X_!R_\\-$$K<O01)"=@`$\),TVW+K"(?4J4IY"?2TGISY9MDM$N,0-
M.HPQ1@($$-""`&.TX(4*A=%SP_M41`#`_/,_0<4-2UBA0F@G4KJ!'M`!UQ\P
MH93JB&$+DJ'"@JR@0!Z`03JF8`#'OK`QO54`/$_)GOT.DX;$T."#(*3"$^*D
M'[)TZ0U8&``#GO,=IW2%=R\<`"W,44+BV?"&.,R%\7(!L@(@H$!>2$()_'0#
M$0K$:?_2\]9_`!0WZ4&%:]I+`_[20(,()28$.AC!`4JP!0%\X(L?\((7Y-4X
M`W#@!`;8`J(*\[[WA8"#(VC!N5+PA12DH`IBJ!`$_?,4Z3V@!/>X!UU(\``!
MFB(&G$N!B!IP!>A<QG3:6YV;0`C"!<X#`9BI'J],6"PXR(P!YN$*#&&HEQB`
M"7@Y3*4JA;=#7)R"`@`H6KH,-`+XB9!E3O.6U;9FNM,I@'ZI>Y_2J"@A%&!Q
M'EM(8Q$(PX,U%"@%8(1,"UJ@/+(E(0D<J&4:K(""--P#"FA;PQHFT`W3X>HO
M>D$($;:`&`5908M(L(X;+L`Y?41,!E"DPOV29@5*1FA!6!S_P3Q&,((($,1Z
M%^*DL2R`AQW@`0Q4<<4;D/"HI)B"A5UQSAL88%%EK?*C(&56*V]!CCGP:PU?
MU!,;!$`?+!8Q(-(A!A^=0H%XZ!.+]H""NQ1SQ2PBZ@!;.(``""4_,#R@H0C(
MP!K&R`(V>(%\!/("`1(@T`4!ZICS>.,]BAB_E9ESB5J#`Q)@<+<.)F9!)2@#
M>$#Q`GV<*P`+JP/*H)`-;E+R@]V\AT\15<0F'-1J?)3*S51A@5C$("L,P(,%
MB$`$,,1@`*=D0'>ZP@`&P"&4J`RI9C=[IF@)S110$8,"8/"!/=FA!37(:F*\
M^@UR,2DZ3@-%@&3;+X':XZS:X*9>_PG*VP/P@`>VPP(2Y(`0A'B"`DA`@@)4
MD(4UG$`":?23-@!EA1"4H0P&*(($.&"`ZQ;FC?3`UMWT"9#Y1>"7:U":F[A9
MW3&<``F@(.`<T,"Q^CXB"MV\:_[L40]ZK!$!YRU`3(5'E1T0H3M@J`(18K'@
M`;PA#.89@%BT@X<F(`4/6-A!#';`@(1R]L,@7L](17:*JCT``=#\XE2[2]`V
M6<%UYFQ*7L"*"5E1(`(ZO:U5%8-5@O*@#">8@`(>4("JE0YE]J/"$I0<`0?5
M0($OCA!>Q6:`$Y"/;.4C@($$4(0R'("W[@,?#Z``A342@`?#K(\.)%"$M_6R
M``JH9P`\$O\%;J[7F-4=J`Y^"^"W?2.'ZY"#!2R`A#K$X@)[J$(LX)"![A!A
M6'78S@XR$"P59F#!'@ZQIC==EA&#M<0;>@`1)N`@%2_/`%6-LE>/V!2$V,J1
M_*)J/>X&4*P.%%%0B$`OWX:ZMFTO6R\&(0^\T`(HL->8>DVC.*?I5*=^P-E?
M+$/SLGB`+QL@`0+80AEJD(`/),'8B&G7?":C9'U"80T<4^07&K""/F25'H;9
M<ZX!8L[+H`)J-AR&]19;ATOC@0$#&(`%HA!A/+PA`PX%0QVBT(0Z?`G3F^2T
MQ"?>#$_WAVJHH!N<$;`&]4WU?&S"5A67'('ROKG7]=L@O&<=R*W_&D:$(NR>
MS+MW5T!1\@8G\,()6LS;$4"N!@IHP@,>D.$!3&#A*FB!"KZ8`,)LH00E$$`"
M6O#L,7:;#5_3*3&M,`9VOEL'6Y`C:"(6DCXDD[>_C=_\"O`<`2YE*3=\(188
MD$(B`&O!KC`P`V2F!R3(;*-9PH.6(D[QPAN^%Q;O2H"0"X`=+!6,.B]#@LZZ
M0)DO"-EV5E`WB5GSNTXR0AT,?5ZS&D@=U*`%7M9B"8IP@AI,0'X5,C(YM@:&
M)F#AWZ1F0Q&JF0`O0)X-9/-]$6IIR5L3U#$JF`(%&]`!%W2A#M<M0ZY9.RX"
MCJQ6YXB[*&V&A.>\889^R($8X-M]B7X'_TF>R/3AU\_^Q(LG@UB8@`KT],6G
M<J!]MZUY/SM?<[.V?-;]E47P1E`E0`*^E477Q0$20#[@!`4(4$Y(<%#C\086
M@`5"9WL[\(`=!T1.U0+IX@625U<,0FU;E#XUD`5?``1T(`(^,`"-12O],3I=
MH7V#U27L=X,XZ'[O%R!O``:3I@)L0$UDPP'7]3B&,8):U&*&\3ZSMC;^Q5N/
M4VT]-P+893;:)G5-5V5>4`,;R`:G54Z*,@ZF@$YAH@K1$58)@006<`$[4`=K
M8`?=EBXMH$:V]2Y:Y2XA0&9DID\C!%BU,!XT6(-;@H.$>'@Z^'[6\T@`@``3
M4`.[ISSH4P+69O\OV#4&Z$,V"#)0V&4`V;5,R71=G%B%CM@"079>"G"*OZ0`
M6$`!1Z6*6'`!T/$TFN05,04N)!-8;;`#=N![I05\16``7V9;=^,F/`4^]T`%
M`B8KYV"+'A6(@OA^A1B-$G>(-;0*2A(8G"$&8&!>$]!QT]1TR[1,)W`"NU<^
MK8==4D<`038![$A.#_B.[[@#O]0$8/`<Y0`*[R"&<S!`M3);W1(NZU"+5O./
MJ6`R&1!&Z4)_'_>+7Q9>6"4/674#!>`'3<*,2T12`T9@SSB(TMB1(4:-,[5)
M?\@HLP<'9K"->1`#"H`'J*@`[\B."("*I#9U"$!DR44!8F`&6X,$>E3_7,JH
M%R#3#N]0-7ID-=\"D,I",LI8#G!`6F+D(%$51L"';0?P;L?T.+;%`P!`D<SX
M)$M10\ZXD3/HD62Y619')<5B`6!@`9\6EH%!6EQ6!&.0!!)P`"<0`8*7@0](
M5YJX>V-P-@#P"64YF(09C6=I%H,%0VXI&,0FCMJ%-G91(=-R.@@4`B.P@,LD
M;640F`19F)[YF9QVF+UB+#WH"A>'0TX!!UC0`[Q(38TS`4464P#P`03PESQ@
M9>63!"WP`)@`FK[YFQ\FF@IU0K'P.V"ID>:0$!E&!`\X``_H#6X`6&#`B&M0
M`]9Y>@EP`@B`!(()G-[YG3DDG()U,V]0!V&@_P881&"IX"1S4UQP,`?X<2M*
MTIE_@`0%\`#S<XKGA05LV9O@^9\`ZC/B22>).0!WA!6F:4-0(2M^X%@0U16E
ML(Q-L8\ALX]3$Z`8FJ'M,:![48.+M0<[`#O#,PY_0($R$P4K-"5(F0NZHJ(:
M^J(PNA8<"@W/*`861@1W@)HQD`$P<!59,6,SIJ(#>1XQ6J1&6CR>I1XU6`Z?
MD&&'13QO$`-J$`8'-H:@%3MY82$N0S+4<9%'^J5@*@U)FAX;*0P^:'!+R1Z!
M59"VT(,<U@07`'Y+X8=^$#KY<9I/@B%8&J9\VJ>Z,*,]$PML*99B"0:Q``9^
MFJB*NJ%CNDH]2`1HD/\UA&HLL+`#6+&FBYJIF@H.@-HS#<IAI#2I55)8EOJC
MFWJJJ.H,G?HLZ8<$#96CHAH>5M)0,8`D%YJJN)JK?]JHJI05,5.EL<H5?B<+
MF'6KNGJLN;JJSD(5BW58^B:K+D1#ZX!">+>BR'JMQZJLS4(5?B`&P2)1Z2<,
MXKHEL"-1><!A@YI9V+JNFJJMS+([&P:+<N`'3=`$W=<$SP$&L.@'2&"<?.$E
M2-($'/:@7L&N!KNI[KHLHL2&!E>>.W`!+I@E`?<[33``%[66Y$>!8%">%P`,
M^QJJA'>P(@NF"6LF7E%8PI4!BA4%Y6EH&^8&,5`'J<!8ATH$>L!83=!HZ<?_
MD2/;LR3+JR"F"H]2L6K`L@-`:3+C!S'K!Q9`I8:F!RZ8`2I4!Y/EHCY[M8E:
MLC^S"FNX8!GP6`#G4&^`!AF`!0J'!Q>08%\B8856M<>)M7!KI%KK,UR;6+\B
M6:X:#$Q;61<P=WD`!Z"4MQ4(?F\;MX:KH7/KJ;@SKM^1%9[PN(W;0B![N)1;
MI(G+,^+AN-Y1+)7;N8@+M!\6K.KJN:3[FY?[+*+;C*6[NI]YNLN:NE;+NK)+
MF*Z[K;!;N+.;NX18N^]ZN\:JN\#;?J`;O,1;O&;!N\:;O,&+O,K;O+++O,X;
MO9X+O=);O89+O=:;O3Z+O=K;O0;+O=X;OL@*ON);H+ZI2K[FF[Z9BK[JV[Y]
MRK[N&[]'"K_R6[\O2K_VF[\`BK_ZV[_`R;_^&\">"<`"7,!D2<`&G,"%V!8!
MU\`._,`0',$2/,$47,$6?,$8G,$:O,$<W,$>_,$@',(B/,(D7,(F?,(HG,(J
M_,$!P`(9T!8P',,R/,,T7,,V?,,XG,,ZO,,\W,,^_,-`',1"/,1$7,1&?,1(
- -G,1*O,1,3,09$`@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>56
<FILENAME>o68633o6856320.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o68633o6856320.gif
M1TE&.#EA0P'Y`.8``,3!O:.>F6MG8Y:0BEQ64[6QK/;V]*FEG4M%0[*OIN+A
MW=W;UM32S9R8E#LV--W;V8:!?)J5C+VZM)&-B?S\_'%M:>GHY?KZ^9F5DNWM
MZBHE)=;4T%%+28V)A/'P[J2@G,C&P<[+R&%;6'IU<8%]>?CX]J^JH^;GXL"\
MLZBEH^#>V[&NJG9R;;FVLHJ%@:6BH,_.QJRIID$[.M#.RF9A7O+R\,&_NMC6
MT]K8U;:SL'UX=,7#P/3T\LS)QKZ\N>CFY)Z;F)V7C[V[LU913I61D+BVKC$K
M*_[^_NSJZ*ZKJ.7DX,K(Q?KZ^.;DXN[MZXZ+BN3BWQH5%LK)P>_O[$9`/KNX
MM>KIY[NXL?/S\:2@F*JHH=W<UB$<'/GX^'YZ>,S+PX>"@'9P;_GY^*NHI:^L
MIN?EX[.OIMG8TKZ\MI:2C>;DX#8P+^/BWOGZ^.;FX?3T\?7V\_S\^_[^_??W
M]OO[^_W]_>7DX?7U\_?X]OW^_28A(20?'_/T\:RHGY2.A____R'Y!```````
M+`````!#`?D```?_@'^"@X2%AH>(B8J+BSE`CT`@C%@M.XR%"F='"V-6EY^$
M'B\JAQ\,=:""-BUSJ:Y_2`P7KY<[!7,V.26TO+V^O\",'%%<>WLZB244?RH(
M`H)T!D>$=71_<0:H?Q`T=`<.(7]')6+3@W3EA1=SVM#I?Q1S-WLQU.Q1';-T
M)>V%XTR"1'!``L]`'$)R2I@3)(;.$73FZAB00^B"PS\Q$!`D-$<,H2/L!!UA
MLFN0'#':CHBY($`&D@I#,@B*\ZX.OV`X<^H,QF$(@Y]N-@10,`5(B`=)JI#`
MD*'9,QP#1L2H\6?'B@\2[``9`>0'`P1&DGQQ0<H'"3``*/"((0$#F!F$_U1T
MT)$BP]JV8,(Y2:&C`;U!6%9X*8#O`HX))`H8`%!`C(<D,^+D(.%BPQ^!2(J.
M:$"*08P5)%)@L;*B"H0G(1I`L`PEP(@7'I"LD#"APP8V-+@`N<,PAPX72RC,
M6+%"QY@:=9:X(`%"#(,4.2!\F/(G!)@!!%QJP3`E1XX`$"3\,1"#1(PQ<'>J
M7\_>$`<J6N)[^*&GP@0](%[LT4,ERH@-SMRQA@94<#%"'`)PH<<$(NQ1H`AC
M:,!%!0%H`$(57#A@A!%DL&&$'C)HX,!&<:SAX!Y>0/%AB`Y8P0(75.@113V"
M3,"%#$;@@\.&#BR8!A=V^,!%`39JN(8*`I4Q!/^,>G"000=1&"%#%&GL,&!_
M>SB0(0\(\,>%#C:LX>40!:P1A0A."")!%#*(^0`843I`Y0H:K#%@"U`:(6<'
M"_#()A(T(+!%@3CJ<48$&>9(0GN,-IH3!UQL:`1<&.C!10=UO*!!`W6$L48!
MSJ2A`0!'0.F&`$:0DL0+5]@YAP!47%!A#B)0@042/:E@!`DE5'B#(`8T4,`'
M:Q"@JQ>]ZK&!!A7\L2:-6/1T!P/X^.7"`50@L(0>9(`APP944'&`"UP$(9`)
M>@!1AQ9#=J!'"W$@($,1#D!0`Q4B8'%?'WM48,*2)CC`0APC.#"#7VX,XD44
M8"2`@0)@:%!`O/AJD$7_&D94T`$7#*@@@P`36'B'O(`*FJT!*^B1@PPBQ,+%
MHH[&++,K/2E@LT<]F`G7"VOD\(>H23BC@P._5A'%&;"V4@$5%;3Y:JP5QL"!
M"(+00,4#1A#Q1PH:_/J'!T,@,$*QNDZPM08;X//'!ES0Z`;3==R!SQ-G"D"#
M%Q800,,0+"CAP!H"""!"`0(!H0$:?RS!10`=&!&.`)\ZT`&7SU3J!Q<<V#VX
M`RYL(\/!>R0LR`)6KP$.&`XL<9D#709.`Q$=:,!&$U0(H(,&I(C@4J"#$O!'
M"QKDD'$-9>@!\\S()W\(!PA(X#P():#J``T\:$H6`52@X8P6>GS`A@![.)'T
M_Q\3XN"T``X\4&$5%3C`P!)4T*"KUEQ['0*5(#A@K!%F<[W!&B)@`P9F)(@[
M$``!9S`!/EZ@AS&H``@3PX"("N`!YFU@"4]`$@>`1P(%=&`/-OC@!V[@@"%(
M0'*4^T.EBJ`',$#A``&P`><\=S`N+,$:/V-!'^#D@H@!80/Z$X`&9L"`-(`@
M=K.K70.XQ0`'[,YDO@->#C@@`PD`(0K'4YX6DS>,*'C1`5J(`@96P(45,%`#
M&H@"$)SR!TA)*`UU&)^6C+`&(_```E&@0H5`,`,C["%#`%`1_;HF"`58JD=#
M*-O9-C"!/:"1@(*(D![,U($3("`*>C!"/6J@!P1X@O].7,!<!C`3ABA(2``U
MV)@&]+"'*N1O<LY0H1Y.Q04)`6$',X3`YY(0I28(@@P*TH,>```&1PJS!2'0
MTAYD$`(DTDX`%BC0BDK6N]\%3P(YDE`6M\A-1ZF``1L`YP/*<(,[7&`#5N!9
M"@[0@PM<0`4_^,,4;'``''BD#"I`!1MR,(,RX(`"-<#!`SSP`&E`805%L(,<
M+O"`-'G`GH.XP0$4H`(5,-2A..A""6:0`#;@@"J"."<9%+`!)!QAGF18``['
MB8HZJ"`!5:!.$Q2`C1`<8`E4Z<`:S*"%?QK@`1EPJ1W^D`$<T`$+,SC`!BY@
M`!40!`DJF$,)!(K#.*A`"PG_R"?JR%#/.!S!`BU(@!7JX`0<6`2>?[!`$:1`
MT3C8005,4($OL8`#+!P``E58@=JZR5>^OL`!+>BK8`6AT_0TREOA4,\!]N!'
M(UAFL)"=V0VTP(;(\G4&6I")HWI@@HWL9#$->,$-#F+9TIKVM*A-K6I7R]K6
MNO:UL(VM;&=+V]K:]K:XS:UN=\M;Y=T!!"VHP4(0@0,+L.$$^+Q#"$C;V^8Z
M-[5T@,#?:)`F172@"F"(``9&\``!\."YX`TO9)U`!0PT0``%@`8`&-`!$$C!
M!>&0PA:RN]T:7.&=08B`$X[``"F88`!(B,,..F`"`XCWP`C.B0<<((``$*(&
MTVL`_^`P8`0/".`%]!W!#&2@``1,8`)4L(`79(`!%M!``B)(@0C2D.`6N_@5
M=6@!#3[V`$'40`9+B,,0JF"!-2C@PAG><!8J4(-HA<`+(Z###A#0`@Y@H`4*
M>+&4IYP("X#`!T\00.?^<*]?$0``5C@2D+6K81E`P`5U$`,!EN"%SBT!`1D(
M@``XT``JV_G.7PG`!\```1M3P<M@%C.&R;SA*W!`!0I(7YL3AP`R`$$,,1C"
MG2<M93&@2@,(B/(?HH6#/]``!!F0`1LJ,(8)/(($7W%"^]:0!CJ`P6PA&`(.
M..``!_B`TKAVL0]2\`L+4.<08G`#;W)-[`,;``O%3K:RE__-[&8[^]G0CK:T
MITWM:EO[VMAN3P9`0%HZ9`#9(;4`#K--[MD>80:P(L$/2I`&&E3@5QX4@1<\
M4.YZPW8.'.A`$""@`R`08`$V0$`)1J"#*0QA!?9..&NQ0(4&!*$&3;#/'^BP
MAAG0``!78$!U4;N!H8XG`"^(9QUR@`$&*#S:1[`!`=80A@T`000@J%``'"""
M)]@:M;\=`AG^<(>[Z8`&<?@`#5SP[Y,_6PPAZ`$$O#"$&F`@#!!80Q$X`((Z
M^,$+!C8M&T:@`5XS0`8\8,,08$"%)=3A"5O^0QULX+RV2X`41K?S%#APA0;X
M8`T^&(,!-B"#42ZA!!.`0$E,&X?_%/^A"E3[`PET8(19Y$#2T'!PW(E]`1;T
MA`,1`-#>$J!"OLG`Y*@M/*]E+([%:V`:CS^'Y">?ZSOL``(/F`449O"`@XCA
M`3/P>.@-OV0*9(`&]%)`'1HP`M6SOMA,\$1M1?^',B!@#$08PAU8`(%(&Y8.
MJS^^]F=6AP.D9PD58($E,J"#"@"!$-C?/I6/<`$QN/_]\(__^R_0C]JF7_U2
MOD,1LL#__OO___W7!YIV6_>'?R[V!@?@!PJX@`S8@`L8!`NP"#S`7-"5?0:(
M8`CH@!K8@!"8"!<```+0`&5P!#\0`$!P`W5``:G1`EG'5P5X@1B8@!LX@QV(
M""#``7HS_P)0(``5X`(5@`,,,`0=$(*"]8(P*%X9.(,;6(.'D`85,``,``17
MX``6H'A$``$0<`1-5H06>(3@E81*Z(!,:`@`X``<H`53T$06$`<5(`!#(`E\
MQX5>&(-AJ(%C6`@EP`"!(@)G4`$X^#$<T`-K(P-R.(=(*(-UR(!W2`@!<`5I
ML`5#`!T@$`(L@`$7EG(<4(B&^(6(F(@*N(B#``1#4`%I0``V,`0!$`,"L`$K
M,`0^4`%]UE=&N(F]!8:>Z`>@*`A(``'QDP-,X`,\"`!_,`=IH&6ZUTVS2(N[
M98N>F(N#T`*>58'*^%S,F(C."%O).(VX58UUN(CLYT[@&([B*/^.]9<\V:B-
MML6-8;B(<W``[OB.\!B/\-A9R-B%Z'A;ZJB$BV@`M\B`$7`"]7B/O)6/-!B!
MA<"/_:B`_QB0`JE;!+F$!DD(")F0"\E-Y]B0L?60=AB1@S"1_5B16W21&/E:
M&BF&'`DL":F0`&F1]CB2&=F)S7B2XY&2?@"26B22+LE:)<F!,NF1MVB3RH.3
M.:E:.ZF(/4F30&F.+3F4K564#WB4*9F4R".43'E:3OF)4$F1*QF22UF51`F3
MUIB5'[F5-]F57HE:5XF+8OF39!F49GF6II66^XB4;:F4<`E;<KF6GBB5,T.5
M=SE8>6D(/KF7=9D38F`#((!L<G`#/E#_!NCWEG\)68%YD'3)'@8P-4,@:040
M/QIA?)&IDV#9C7J9B'P)#'TR+;9"!2!P`3UT#A``"9!@6)\IF:&YCJ-9AZ7Y
M"W?0AC0@`%C3"BO@.Y$WFZLUF1)9F>NA``3P!&!``#Z@`8*0>L-)G*EEG!V)
MG.J!>']P`2/@`FNP7RGP#--)G599F_IXFV&8F[X0`FO``#LP!!8W`""P9IY)
MGG%IG@4IF-BY$V)@%B2`<!;0`:'QF/99GBDYEU%9F'T)F06J/-:)D@G*D`T:
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M"*B(*JBF"@JHNH"CNA.EVJJ%\*HJN:2TR@NV6I.J^JBLFJN+L*NQ"@H\T`(K
MT&ET```KX#7C":R_(*R]^@H7P"`"<7B9,P15V*S.:J=C:I1KJJ3K@?\#"#`%
M*C`!9X!C=/`$QQ-=`="N[BJ;GPEW?`6M[.$#(C`$'#`!NF)@P5F?!>H!$&`$
M7I`!=Q``7N`%`5`#%E`!(K`"X]8>]+H>+6`$#!`""*`%T/D'TCEQO\J48."&
M+%`!9X``'V`".V`!0Q=P"/>FW?J4WQJG[&$#5%,"+.`':S""`<`"_FJ?8=`!
M-&`%(1`"5!`#59`!3J`#/V`!0S`&CA*QZO$`"`!<"+1B\VD)VDJ>.8``:Q``
M=@`\(S`$$#`%<_`%!_18+]JR6/FR>,H>=0`"F9D$?^`$-,`!:4`15TN<<8`$
M;D``#,L&2E`'-8``/(8%,$``V[0>3BNE#9K_`2,``ZCD8>+11A]``&F"`330
MM&BKEFK[I[@:F74P`/(B`B30`E3@`J)K!2,@`&`P!#[#LFI*F5%:HA.:`4$S
M!F50`@"0!BG0!$=@!R]@1*VP"`80`B@X"!)Q!$>`!64@7(F0N+*;H38`#%@`
MNJR+0P#0`&(`!20@`B,0C;6:N0B*I3(*K&-```W0`%3`!OQ50EC``MW;`,UR
MJN";HH8:K9W:L4SZ<A]@`RK0!670FT.PM^FU!2XAOZ][G+%KE_:9`2?0P`[\
MP!#\P/2&"+LH`QP`!$B@`Q.0`$U'`@+@`UZP!E!@P`D9OE\ZOLI(!V?P78=`
M!SSPL(:``@`XPP`H_PF(0%%`0`(.$`0R0`+M4P0;``%AH`,R`&Z&X+P*3(M.
MAP`N4&/P8`."2`<EU@!=D`AF0),HD`@C``8KT`)#T`!$0`3H4P!:T`)'H(K-
M.[^;6[^=:X`0H&4C0`,>L0)K@"EAX`4W6`16C,6)T`/9@@`<H'P20`,&,`:<
MR:Q'K,:P*[Z*2XLB@`$1L``S0`<_0`#YY@0^<08/(*^&<,4IF<6((`=L\`1`
ML'%8P`;5@`,[,()I?,#7F<!3B;]&UP/9X04AX`$$(!@=H`(TMS0V?`B>G)"@
MG`@>8,2O@,2Q/(TJL`%M2``10+)ZLP1&L`0&T`'Q"\Q\#+&*C,",_+R;2/\`
M:!`!`0>_34,%$H``;"`'+W"YB!#,_3C,B+O-K]S-2;R)'3`U>E,2KQ8'W*!+
M7[#'GWP(6.`!!%W0!GW0!CUX@X#,"SJ-N"``9.!9B'8--I`$&U".@^#.MPC/
M@U``0?#1(!W2(AW2H$<(#/VALAQW6Q"\M*#1GLC1@F`"-`D#B>S*$$K/R6R?
M+IV(,/T',IV2-/V]-FVA.-W0.IW-A?#3"1G4)BW/-WW"C4R=.UV'/:W4_<C4
M"^W41`W5WGR$:@`"8!W68CW68KT%V!S0AF#5MXC5@G#2<YK2]?8%`S#7=%W7
M=EW7B-/)2$T(:NV);/T';JVG<%UN7T"3D5L(4QW_AE4]TS5=PO3;J/9+JH--
M;H6=DH=-"(FMA(L-U(W=CR9LIBCLA96=D)>=T7L]"'V=B'\=V(&ZB:/=CZ4M
M")D]@YN]U)U]BY_-IJ%]A*]]B[']![.]@;5]U;<=DVL,V6VL?;WMB;\=W!HX
MW&M=W&%YW)0:V;(ZV=FVW(G8W*<=TXPMU(Y-W9MJW:Y@!4,5!P!`!DY\MP:H
MW77(W6B=U-_=U$/-H3"K;4/P#)/K`H>VLS#HWF$(W\)\"*E=AZNMU?:]MNP1
M!RQ0.QX@`S`PK5YP#A-@`Q9^X0.X?0"NA`+^S@0^WUE=WR2:$Q00`Q7@P?OZ
M!_T*#4'@!B[^XL;\;/'0_PL;/H,=OM$?SMG@[=F/7=WL\0`.``*F^P49N[&S
M2F4E``(-0&]R\`,]8%)_X!PSH-"%4.,;>.,OG>.VO>.XW>/C';-ZH@''(,)'
M``3(P-[0=@$Z7&LXD`,E9`2@UC0(@*V(8.4:B.4\K>7$S>7&O<A<K1Z66`<5
M,!A_YM_2%H17$`%I0`:D6`<Z``$!!P5QP`$K:PAV[H!X3M5Z'MU\/MU^#MKL
MT0/I-04N,`)C8+<<BVUN(`("T#?R<`9)P`%%P`8V<`%((+AU;MAG/>!I#>)M
MC>`CGM/7U@,LP#*6H`(%$P#Q``("X`6_9NFZKM?QS=>^#MC`#LM&;6TJX`,+
M$/\!8"`"51!/0H#.#4#I,$P(E]Z`F:[8F^[7TBV:XBVJY)T31RYE/<`!?3`7
M;3@!%M``(G`%5```%<7"T&[9N^[AO:[C]!W>GZ[;44UM%Z`%(H``.J``E"@`
M([``:%`!(]#Q\#H(Z<Z`ZZ[9[:[:[VZ;\9ZJR=UL8H`#6B!<%#`%/R!<)3`%
M-C\%'G$((;^`(T_;)6_@)W^>*0^K\XX3]3YE:4;CT8[8W>W3U<[:J^K:2X_9
M35_@87C@(H[M*"WU!B_MO"[?"A_B#,_-?R[LTG8'2L`&:K_V;-_V:V\!RU#E
M4V_:TX[:3W_M1;WU+]94O;`%0##2@"_2"=""(#_WLEW_]7>?]7G_UBYV;GY8
M`"7``R90`6!@!W6P`Y^H!(BP``.0D@<`!P5/V@>/XPF_Y0O/XT-_JVTJ7E`@
M;^A3!3'@`&10?CLX`:$53X?`^9X/^G+?]4Q?]]X=]K^N^&6?[0C6`T-@`Q$P
M`PHP`1AP!!F``&A```50`-F:^YV?D)\?^K`]^EE>^GM^^EV>^KRZ\KN%!2X`
MR$E0`\4,!3I``C,@-G;3:=B_^]SOV]Z?Y^#/Z>(/"'Z"@X2$00M_B8H&A8V.
M?A$GBI.4E9:7F)-T`9F=GI^@H:`&"CDB""\E-C0Z334@4U,$0)<+`X^X?@=P
ME5^YN!*69K^/*)8FQ(XPE6\'_\F%AY6,SX21HM>?F]C;W-V=52P+$4]>+50^
M8G];?7%U(IR6MM2#N[WS@\&5P_=^QI7(_)91:L8O&J5I]ZQY6ZAMH<.'HE00
MH$'`00$!"$:,2&-#!A@('&[4NG6O'B5?_/)1VG?/'R6`]P1.(GC/X"2$\Q1"
MQ-9PI\^?BHX\Z"!B1Q<09)+:\/`@0@05%$;R,SD)Y3V5DUC.<SD)YCR9BFC.
ML[F('R1)0$/U3,OV80V1W.25Y'72+%9%6JEQ5>25&MA$8JF13823FLZVF=8B
M7LR8DMQY5!59G7<W4=YG>Q/U??;W3^!G@_\4?G:X,27%IE.S?4PM<J+)U"K_
MN9PL\_^?S<DZ?TX6>G2RTJK_H`Y._"'K9Z[_P'XFFS8QV[B)Z796$]%!L\!5
M#R_..$,!,^##BQ\O_D*EX\F2+T_6W"QTL],+6K^)'2WW[=P]W>FFA.2]$N?Y
MUQI=5=DEC'O'P,<,=6/-5Q8_V:6&7WZ7W&%#!PH<D8@%2!S!PPP@SF#%)?V9
M!:!C`B)'H&0&ZH/@/PH.Q*!@#A)6'X434DA)'6&(0(4(/<2!Q`@OU/$`#13)
MD`")*3YSXB3H$:->BRN]^%*,,\T(6HVBW9A?CCHJ<L(:"F``1!(_A*$'!E$E
M8@,!73!I8H!3K?@:E5E9V16686G)&Y>^$1.A:6"&*9H#)'C_`848="!!`YN)
M.%%!%1I:4B(_3RH2Y2]3IG0@/^\%M*!\TGAY'SR&9E+'!AW((`*E?U0`Z1\-
MZ)#)I?_1.9<]GKH(:H*BRDCJ=1#:!Y058XPA4AU5I,"`)JBF>HD"`93@`@0"
MT!'KK$,4<&N3R62:R*:Y='K5IRT!&].HU95:+%L\$"`"1AX<,$0%'"BA2*'=
MM//0`VOTX,((.M2Q;506</#`MW.B6">OY_J:+HS!9CDL?>^F-<,:=+0Q0@!4
MA/#'!"3L.P$`**>LP$XY,%`I)7BX@44H:0SA0!C6!5&$P5]@8`##F.H*F9W*
MX8F7GGSQ"9B?Q/1FZD]WJ/#'#!R0_V$$$W\40,"^#5CA]=<\N"6`$0ZP8#`;
M.D@]Q1`R4($&*'4X`<0<E3*J(1WI`)VKP[O6U6N5OU*\KK#M$IN0L3]Y$(`(
M`^"@@<$%#+%OM#[U0$4#*]!@00$<4('#'QBP,,4+DC>&ZSSB_D$N+N92ANY6
MZG[%;H/N'LZ6`2-4`,(=/ZSAQA\!A#$Y6S/(,$(5%I101@LB?+Y##QN`8:OI
MX!*3^NJ/M![;ZWK%[M?L--:>$^([S>!`'U=(H`0-)P_QQ?"6S.R-`1C((`,+
M`*I`P^=_#&G$`'&@7L.@5+UR$6T]Q&A/X*Y4L3Y=[$&V2PL#D$0#`8"`!P(@
M0`.@58D+Y/]@"!_P0"+JT(*\_4!DG5#!#3Z0!`)X2W^?\T$9_O``(TB-,:>C
MQO4*R+H#&LTR2-.,TCS#M%\X+6.-N<`<Y,#!21RA`1.I``V.H(`&4&$*3&!`
M!4;@B2J(``,Y$``9_@##/XQ@`AE@@`/LD(D/9.&-<(RC'.,H0DKDT$E"&Q#$
M7"<QV`E.=H2CG>'&AR/*U4$`$T@#$HJT`@'(8`H>P``'A-<)*]!`!@@0`("4
M0(*5280`0UB!P3#!0UQDH!)W#%<>5;3'[?6Q>W_\7B##-TC#D$\[E#M"#`C`
M@0)8X0AS@,$CZW`'#%`R$T>P`A%RT*$_7,`*YB$C`W#0)E*:Y93_=BSE(W;X
M,+]%#'`38^#@+%8XC$7P5)0X`A9`0)$A!/`,CTP$$([9"2?LQQO:=`0V)Y%*
MZZTR/3[\6YX6N*<&+NV!-D)B<11#AQ&$H`%*6,,6_@#/*<B3GHO)9R/VJ8A^
M_H*;?2N00(]&T*09E(@([9)"B:.8.K@`22080CHJ>M'4:+00'$V$1W,!TJ&U
MDCG<PXSW.`.^+8G/EH6LQ`^`P($.P,4)*3C1!@#0B3I8]:I8S6I67S:)FQ(B
MIW_8*2YZJD=O\A&<?A0G(,DI2',2\DN44T0/O'$#*=CUKGC-ZUV_,*)*>'40
M8!7K-O\II8!^<Z#A+.@X'5A."+X5G4")_TXN(O`LOUX3E7\5!%E9:597HA66
M:I4E6VGI5J3"-2V2Q05E+9%9/P2VM9L%Z$_9$]3:##4W1?W344ES2PG!XPAM
M,(!PATO<XA(7:['\364IT=K7#E!3F=4>4%\IU.3B=I9&K25OD^I,&!3@N^`-
MKWC#NUS%&J:\BF@N9I\[KN@:]JR(3:MY1<O8MCK6M)`M01',(H3;_F*UEN6'
M<X/&-Y]V=KJ?K6YHB8I=W6KW-[TE%#STRU__3A:]B5!O-MFK.O?.-H&U?8Z%
M<Q&?QB;TG`N=\'[YT5_K_A?#?]`P/V%+6$Z]U[/Q!>U\&3S:[)9VNZ?]`X59
M/.)'`)BYE]TP@?\)V$V1'I:DB37I8@]J8I6BF*4JKK"++\S:),^8P]ASA'1I
M2UW;;IG$N6T:H)Z&Y40,^1XM7K"@8"SCCM*XP&5U,GRA+%\IK[6^I+TOD/.[
M8C@7V1%'[JJ7[0QF#Q^8S`DVLYREDV8CKGFEP6G(F^<1YQW/N<L"7N^2H=MD
M%HT4B"45XDEWH^;=0IB[FZ9&I_U,&CHO6J=W9G)(3?UD5$=9U5-&:94#]=\(
M-T;3A>;TH1N1Z/3>.JRY)O6N[W3JV03Q-D-DM:5=+2AC,P;96IXTEP-\CP'O
M3=<&UC..^:QC6O,8T#X6]*N#'.MGS!K8YP5UN45];FFGF]=[]G6?\4W_7RK;
M]\2/3;&;DRWK91>BV1E^MF`=$=O"?O@7"OPUME==Q%P<\<J9SC*1SVQD6X=:
MR?UN;ZFIW6MKIWKCP=:VQR\-<EPN/-R>?K&^YV%NU-78@!?/1<8'#O,_&SS0
M",>OPH7,<'L[O!HFWS?*?8YGSJH;P3E6<,Y_4>*#6SGA;68ZSMW]:7+SG-]4
M1W>>`;YN@;>;X.\^>KR3/NC%,`L(&VABO9-Q[Z+7>N?4Z+D.?][#H`,CQ+\(
M5<P[CHN/@[TM*:`!&$1P0^&(W-`D1W34SS[UP5==MH\&<9E%G'EE5'KFW"YV
M8[!`!1#4X0DN4`0%#B"!VA<@`;C/O>YWK_LB_]3^][;GO?!W;P;?`[_VPT]^
M[M-W_"LH7_G'KWT1S/!\X1>`^<`O0O6M'WT)W'[[NR]`][\/_MP;'_A7('_Y
MBQ]]YY<_]V9@O@T04T/S?%!:^,^__O>/?\=IZ/[\%X`".(`$"!&],T/!4X`*
MN(`,V(")0`=AX`):,U<.6($6>($Z8@%21`3(%`>5<@04\#)6]3)QP$274`?5
M!((?6`<F^`<CB`E6%10AF`A'P(*@4(.CY()U0()<A4P4T((Q2(,[J`@O:`DJ
M*(0Y>(2?(`<SF`@_2(1).(0G*(5*J(.5PH0]&!1!^`=5N"-2:`DHJ(4M2(`>
M$`,N```\<`0[,`%5,/\S&1``#;`P);`#+K`"?44)4/`"?G`#=%`'$M`!(#`'
M?W`#:3`&IS0%'Y`&2Z`ME<``:1"'?U`#.3`!(6`P&Q`!6E!'?V`',Y"#D\``
M`P`$"^,!']``(A$'(=`!.?`S&]`"KA@GE%`"/M`!9-`A%@`$#:`"=3`'.3``
M(&`>;-``&,`_E"")'=`"-?`'.-``+^`$?X`%!3`!,X"*KM@".Z")BL`#*S`!
M.7`'%#`#$Y`$^[%(:7`#(.@#:5``85,)91``$[`$74`'2\"-6$!%&/`"4/`'
M9=@!.Q!-3H0#0)`&#T`!O-@!/1!-6+`!VE(O$0`7E6`!6L"/Z=`#:;`"/R/_
M&HN8"$@P`_A'!QTP!#Z``!]0/*:``7$@>0U``VQ@`VL@`6$@`)9``&&0`S(P
M`SYP#AP0`U/@`"G``EY`!P+``BL`DI5P!PY`!$!`!4WP!#1@#CV``QKD!2Q@
M'G.```20-_RT!D#0`00P!16@`T!``"JP`0X01AU0!P2P$6EPD4&1`V49E#4P
M!!"0!B)@!PT02@20`PG3`%XP!!9%"1/0+03@`A(Q`6!0`5B``4.0`ZW7`FF0
M!A5``#]0"2ZPF"+0`2K@`#$0!EX@!@(P`BF``!9P!4-`!AP0!)70!@0@`"N`
M``4``P[02`/@!!R0!B]U`B,@`@6@FTK%`23P`C+P_P`OP`%5@`!H<`06$`:(
M.0<Z4`%C0``<20D7(``"P)@V$`(@5`$0T#\3@``U0$4"(`+X!P4BX(Q$$`8D
ML$%50`,,(`,90`$5``0Z4`5_T`,R8`E#L#`BD`8"0%4O(``?`)/ZPP"4%RLO
M4`E%0`(`(@,[T'J@HP,3,`)BH`!K8`4U``84@96*T`(P*08T``1K8`%F-`$5
MH`5R``)48`544`0`<$^3,`<=<`!_``)#D`!4(`:>^0$,&F,5D`,CH`1;4`7)
M2`DT$`Q+@``8(``>8`$.8`,B\"PD``:)L#842`D<(#*FR0(84`?M63Q08``L
MD`5/,`)T(#V5<`9#D(Q16O\!?O`':$``63`$/%`&0W``5+`P!4`#E1`"FF,`
M")`%(B`R3Z`#=P`$-("8"N``DUD!3U`)<8D#<O`!+!`&$_`'&V`$<Y`$%>"=
M/``$(B">TM(%#U`'*B`"$T`#._`'$Q0`'-`.7O`$4,`#5N`",%D)*L`#2\`!
M2<`!R2@!--`!E4H'15H&(5`!0X!A4_`#/-`""*``5"`2`$``%0!`3B`##)`"
M`B`!5UD)'F`')?`!(D`&,J`M+J`#'#!_-T`%"T`%N4,#2$`)%%`&'I`!7A`&
M'[`U?Z`#.N``4A,#(F"N%2``+N"BBJ`"-6`'%0`&)$`"<U`#5#``'``@'T!)
M#>#_`H)8"3A@``L0!ESY0C+@`QR`!'*``23```A``P[0`M(PJCU``"O02X/(
M`2P@`'4P!330``B0`W;0`0A0"3R@`,M:-0@@B#%0JPF`F"B:C!#`1900!RIP
M!QO@L@2@!7_@!FN@+R#@G8D`J/E'!\SS!`L@`N]S`S00!!Q0@R3P!*LB`&%`
MC#>1`D/0`CB``''B`S3@`FG`A0)00@L`!$/0`%EH!T]``#[P!S+P.2"PFB8Y
M!3)P`%.;`AS`!I8PJR(@`0`@`QK2`2.``%25KC^PBDY``S*Z(UHD``_@KXF@
M`RS@`))+!B)@K$BP!%20=TUK`T%I`5%:`EB``!W``4QT_P`5\`=3\*R70`=.
MZ@4>L)A_X*P2P`%.\$0ZT`$"4``SBP=%F0(:M+M%H(P<(``5<`0VFP('P`$B
MP`'XZD09H)C7B0!,1`9&BY@`0`4SXP(L8`D7X*\3D+Q)\`<60"8SJK5_P+72
M(@8ULS)QD)Y_D`,5@`/N>0'.>;D]4$V4X+W).`4"D*H!\#$5D`<+(`!?,`0C
M$@`"(,'ZB`!I<+&M=P1IT`%C*@8JL`9:TSEZ0`N4X`0.,`#:0J$64`<C``0"
MD`)UL`,(8`4]0`<7``$;Y$0[X`!H8#`-.@<E(`!)X`"I.@%>$`004`=V,`15
MJ@A,!0*)$*!+Z@")ZS)>,`!94_\ZEL"JE34";#(#5-">;,`#86`",'L#,B"B
M+RI%[_H'`C``1^!%]L(#=D```+`$'D`!`>`%E>`$(N`%@O@#!``#1^`"4OH'
M1XL%F3F9`I#$FA`&-"`U1T"IJKH&B9"U0RK`J?(`"``!3H$&'5$$'-``=-!4
M$R`"ED0#3I$%TK`&).`4-Q`#'"`$,K`";+`&)B``.B`&".`")O"W/?@!"#`!
M$=``93`"`I``#A`"V'D`RLR(2["ME)`"#QL!`:`"<@FQ%B#$"2`"+@`P<*BH
MQ=@C3J$%4\"[E=D$+B`"XUL%.$`%!^`%(5L)F90&$5``#/"W+("8^YP`:S`#
M!J`#O&S_OVNP$0<=`E2@!33@!3P@EPT@`S_@!2XD`#000),0`@[@`A&``2`@
M`51`!@0P`65P.3I``QE`TO:2JI0@`3*@TD^1!BZT!E2%R8C)`S2`Q$/@D(I@
MPU[@%`#@`T.@!9=YR@`,KOB'!$GP`EH-`D?@`T_0`N,HC`]P!`6@U2^P`I60
M`6;]`F.]`D^P`P"R`1.0`L[X`PTP`3O@B8D0`F:=`A;``TGP!$N0"#-`!"\@
M/_T#`"1LJ6:=!%#@`4"``<L"`$]0`-K"`$1`!#/0@W?@`V9=`'.`!!B``1ER
M!S$P`2"@+3=`!`&P,I40`V9=!1>P`68B0C60`M)(D!+PET4Y_P9F[0-TL`-/
M$`/:,@5`0`0B00>3&$*58`>^_0(I,(TV4-G[L0"LS49($`!$@$*.L=90,`=C
M\`1%G`A0<)!_(#?(;0D&L-:#O0-$,`87BP0^$$T/,-08>-_XG=_ZO=_\W=_^
M_=\`'N`"/N`$7N!I00>,>`E*>`0ED(4&_N`0;G<NH+(UN((:X@$Z\)=WP`)N
M&^$>_N$^80$BH`#R&``V@`44L`$?L`)(``)&D`]U$-`@/N,TOA!D``87T`,(
M``8B608((-`3``1<$'N)`$]#6N-(GN2=4`$IT`5AD`8]$)9HL`8YL`$J<(#[
M(@/<K>1<WN5_(`(Q8`'R4@$5X`(6D($#%2'3:S!#BB`#]NWE<%[C/2P&7N`'
MP=T`7^`"!G`%!,``:\`&?""B=R`#M!OGA@[B:,`"/,"G.E"=Y(G-#8`$S1SE
MJCJTAW[I'NX!!##65@``96`P'@``&W`!=7`#&W`'2)`'D8WIK`[A8Z"RH'`'
3$-#'K5[K`EX'J8,)'D()@0``.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
