EX-99.4 5 d305788dex994.htm EXHIBIT 99.4

EXHIBIT 99.4

For fiscal years ended December 31, 2011 and December 31, 2010, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:

(Cdn$) |  | 2011 |  |  | % of Total Fees |  |  | 2010 |  |  | % of Total Fees |
Audit Fees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cameco |  | $ | 1,773,600 |  |  |  | 61.4 | % |  | $ | 1,697,700 |  |  |  | 62.6 | %
Subsidiaries |  |  | 400,700 |  |  |  | 13.9 | % |  |  | 256,200 |  |  |  | 9.5 | %
Total Audit Fees |  | $ | 2,174,300 |  |  |  | 75.3 | % |  | $ | 1,953,900 |  |  |  | 72.1 | %
Audit-Related Fees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Translation services |  |  | — |  |  |  | — |  |  | $ | 44,500 |  |  |  | 1.7 | %
Accounting advisory |  | $ | 195,100 |  |  |  | 6.8 | % |  |  | 273,400 |  |  |  | 10.1 | %
Pensions and other |  |  | 21,000 |  |  |  | 0.7 | % |  |  | 20,000 |  |  |  | 0.7 | %
Total Audit-Related Fees |  | $ | 216,100 |  |  |  | 7.5 | % |  | $ | 337,900 |  |  |  | 12.5 | %
Tax Fees: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compliance |  | $ | 62,500 |  |  |  | 2.2 | % |  | $ | 199,200 |  |  |  | 7.3 | %
Planning and advice |  |  | 433,400 |  |  |  | 15.0 | % |  |  | 219,500 |  |  |  | 8.1 | %
Total Tax Fees |  | $ | 495,900 |  |  |  | 17.2 | % |  | $ | 418,700 |  |  |  | 15.4 | %
All Other Fees: |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Fees: |  | $ | 2,886,300 |  |  |  | 100.0 | % |  | $ | 2,710,500 |  |  |  | 100.0 | %

Pre-Approval Policies and Procedures

As part of Cameco Corporation’s corporate governance practices, under its audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. The audit committee pre-approves the audit and non-audit services up to a maximum specified level of fees. If fees relating to audit and non-audit services are expected to exceed this level or if a type of audit or non-audit service is to be performed that previously has not been pre-approved, then separate pre-approval by Cameco Corporation’s audit committee or audit committee chair, or in the absence of the audit committee chair, the chair of the board, is required. All pre-approvals granted pursuant to the delegated authority must be presented by the member(s) who granted the pre-approvals to the full audit committee at its next meeting. The audit committee has adopted a written policy to provide procedures to implement the foregoing principles. For each of the years ended December 31, 2011 and 2010, none of Cameco Corporation’s Audit-Related Fees, Tax Fees or All Other Fees made use of the de minimis exception to pre-approval provisions contained in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission.