EX-99.4 5 d141434dex994.htm EX-99.4

EXHIBIT 99.4

For fiscal years ended December 31, 2020 and December 31, 2019, KPMG LLP and its affiliates billed Cameco Corporation and its subsidiaries the following fees:

|  | 2020 ($) |  |  | % of total fees |  |  | 2019 ($) |  |  | % of total fees |
Audit fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cameco1 |  |  | 1,845,700 |  |  |  | 75.7 |  |  |  | 1,968,900 |  |  |  | 78.9 |
Subsidiaries2 |  |  | 335,300 |  |  |  | 13.8 |  |  |  | 221,800 |  |  |  | 8.9 |
Total audit fees |  |  | 2,181,000 |  |  |  | 89.5 |  |  |  | 2,190,700 |  |  |  | 87.8 |
Audit-related fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pensions |  |  | 27,300 |  |  |  | 1.1 |  |  |  | 27,300 |  |  |  | 1.1 |
Total audit-related fees |  |  | 27,300 |  |  |  | 1.1 |  |  |  | 27,300 |  |  |  | 1.1 |
Tax fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compliance |  |  | 32,400 |  |  |  | 1.3 |  |  |  | 37,900 |  |  |  | 1.5 |
Planning and advice3 |  |  | 157,400 |  |  |  | 6.5 |  |  |  | 200,800 |  |  |  | 8.1 |
Total tax fees |  |  | 189,800 |  |  |  | 7.8 |  |  |  | 238,700 |  |  |  | 9.6 |
All other fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-audit fees4 |  |  | 39,000 |  |  |  | 1.6 |  |  |  | 38,300 |  |  |  | 1.5 |
Total other non-audit fees |  |  | 39,000 |  |  |  | 1.6 |  |  |  | 38,300 |  |  |  | 1.5 |
Total fees |  |  | 2,437,100 |  |  |  | 100.0 |  |  |  | 2,495,000 |  |  |  | 100.0 |

1 | Includes amounts billed for the audit of Cameco’s annual consolidated financial statements and the review of interim financial statements.

2 | Includes amounts billed for the audit of Cameco’s subsidiary financial statements.

3 | Includes amounts billed for transfer pricing advisory.

4 | Includes amounts billed in 2020 and 2019 related to Cameco’s I-4 Membership.

Pre-Approval Policies and Procedures

As part of Cameco Corporation’s corporate governance practices, under its 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, 2020 and 2019, 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.