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<SEC-DOCUMENT>0000909567-06-000347.txt : 20060309
<SEC-HEADER>0000909567-06-000347.hdr.sgml : 20060309
<ACCEPTANCE-DATETIME>20060309100519
ACCESSION NUMBER:		0000909567-06-000347
CONFORMED SUBMISSION TYPE:	40-F
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20051231
FILED AS OF DATE:		20060309
DATE AS OF CHANGE:		20060309

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROGERS COMMUNICATIONS INC
		CENTRAL INDEX KEY:			0000733099
		STANDARD INDUSTRIAL CLASSIFICATION:	CABLE & OTHER PAY TELEVISION SERVICES [4841]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10805
		FILM NUMBER:		06674868

	BUSINESS ADDRESS:	
		STREET 1:		333 BLOOR STREET EAST
		STREET 2:		10TH FLOOR
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M4W 1G9
		BUSINESS PHONE:		4160353532

	MAIL ADDRESS:	
		STREET 1:		333 BLOOR STREET EAST
		STREET 2:		10TH FLOOR
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M4W 1G9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROGERS CABLESYSTEMS INC
		DATE OF NAME CHANGE:	19860425
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-F
<SEQUENCE>1
<FILENAME>o30479e40vf.htm
<DESCRIPTION>40-F
<TEXT>
<HTML>
<HEAD>
<TITLE>e40vf</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,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>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>FORM 40-F</B>
</DIV>


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

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 12pt">
<TR style="font-size: 6pt">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="center"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>Registration Statement pursuant to Section&nbsp;12 or the Securities Exchange Act of 1934.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 12pt">
<TR style="font-size: 6pt">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="center"><FONT face="Wingdings">&#254;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>Annual Report pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 12%"><B>For
the fiscal year ended December&nbsp;31, 2005</B>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt; margin-left: 12%"><B>Commission
file number 001-10805</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Rogers Communications Inc.</B>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></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>Not Applicable</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Translation of Registrant&#146;s Name Into English (if Applicable))</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>British Columbia</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Province or Other Jurisdiction of Incorporation or Organization)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>4812, 4813, 4822, 4832, 4833, 4841</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Primary Standard Industrial Classification Code Number (if Applicable))</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Not Applicable</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(I.R.S. Employer Identification Number (if Applicable))</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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>333 Bloor Street East, 10th Floor</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Toronto, Ontario M4W 1G9</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(416)&nbsp;935-7777</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Address and Telephone Number of Registrant&#146;s Principal Executive Offices)</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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>CT Corporation System<BR>
111 Eighth Avenue, 13th Floor</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>New York, New York 10011</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(212)&nbsp;894-8400</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Name, Address and Telephone Number of Agent For Service in the United States)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act:</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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Class&nbsp;B Non-Voting
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">New York Stock Exchange</TD>
</TR>
<TR style="font-size: 1px">


    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Not Applicable</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</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:</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Not Applicable</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Title of Class)</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:</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Convertible Debentures due 2005; 10.50% Senior Notes due 2006;<BR>
Class&nbsp;B Non-Voting Shares</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">For annual reports, indicate by check mark the 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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT face="Wingdings">&#254;</FONT> Annual Information Form
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT face="Wingdings">&#111;</FONT> Audited Annual Financial Statements</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Indicate the number of outstanding shares of each of the issuer&#146;s classes of capital<BR>
or common stock as of the close of the period covered by the annual report:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>56,233,894 Class&nbsp;A Voting shares; 257,702,341 Class&nbsp;B Non-Voting shares.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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
<I>Securities Exchange Act of 1934 </I>(the &#147;Exchange Act&#148;). If &#147;Yes&#148; is marked, indicate the file number
assigned to the registrant in connection with such rule.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes
<FONT face="Wingdings">&#111;</FONT> 82-&#95;&#95;&#95;&nbsp;&nbsp;&nbsp;No <FONT face="Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes <FONT face="Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No <FONT face="Wingdings">&#111;</FONT>
</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">&nbsp;
</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>DISCLOSURE CONTROLS AND PROCEDURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of the end of the period covered by this report (the &#147;Evaluation Date&#148;), Rogers Communications
Inc. (the &#147;Company&#148;) conducted an evaluation (under the supervision and with the participation of
the Company&#146;s management, including the chief executive officer and chief financial officer),
pursuant to Rule&nbsp;13a-15 promulgated under the Securities Exchange Act of 1934, as amended (the
&#147;Exchange Act&#148;), of the effectiveness of the design and operation of the Company&#146;s disclosure
controls and procedures. Based on this evaluation, the Company&#146;s chief executive officer and chief
financial officer concluded that as of the Evaluation Date such disclosure controls and procedures
were effective.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since the last evaluation by the Company&#146;s management of the Company&#146;s internal controls, there
have been no changes in the internal controls or in other factors that could significantly affect
the internal controls that were materially affected, or are reasonably likely to materially affect,
the Company&#146;s internal control over financial reporting.
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors of Rogers Communications Inc. has determined that the Company has at least
one &#147;audit committee financial expert&#148;, (as defined in the general instruction 8(b) of Form 40-F),
serving on its Audit Committee. The audit committee financial expert is C. William D. Birchall.
See also Item&nbsp;17 &#150; Audit Committee, of the Company&#146;s Annual Information Form, attached as Exhibit
99.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>CODE OF CONDUCT AND ETHICS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has adopted a code of conduct and ethics that applies to all directors and officers.
The code of conduct and ethics has been posted on the Rogers website under the Corporate Governance
&#151; Rogers Communications Inc. section at www.rogers.com. A copy of the code of conduct and ethics
will be provided upon request to Investor Relations, 333 Bloor Street East, 10th Floor, Toronto,
Ontario, M4W 1G9.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PRINCIPAL ACCOUNTANT FEES AND SERVICES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents fees for professional services rendered by KPMG LLP to the Company for
the audit of the Company&#146;s annual financial statements for 2005 and 2004, and fees billed for other
services rendered by KPMG LLP, during the period from January&nbsp;1, 2004 to December&nbsp;31, 2005.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Auditors&#146; Fees</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" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2004</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit Fees(1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,702,838</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,588,061</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit-related fees(2)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">442,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">759,696</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tax Fees(3)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">721,608</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166,735</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All other fees(4)</DIV></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">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; 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>
</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">$</TD>
    <TD align="right">5,906,846</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">6,514,492</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">NOTES:
</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">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Consist of fees related to statutory audits, related audit work in connection with
registration statements and other filings with various regulatory authorities, and accounting
consultations related to audited financial statements.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Consist mainly of regulatory audits and reviews, advice relating to compliance with Canadian
and U.S. rules on internal controls and other specified procedures audits.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Consist of fees for tax consultation and compliance services.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Consist mainly of fees for French translation.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">- 2 -
</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">The Company&#146;s policy regarding pre-approval of all audit, audit-related and non-audit services is
based upon compliance with the Sarbanes-Oxley Act of 2002, and subsequent implementing rules
promulgated by the SEC.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following is the pre-approval 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annually the Company will provide the Audit Committee with a list of the audit-related
and non-audit services that may be provided during the year to the Company. The Audit
Committee will review the services with the auditor and management considering whether the
provision of the service is compatible with maintaining the auditor&#146;s independence.</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="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Management may engage the auditor for specific engagements that are included in the
list of pre-approved services referred to above if the estimated fees do not exceed (i)
$100,000 per engagement or (ii) $500,000 per quarter in aggregate amount on a consolidated
basis for the Company.</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="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Audit Committee delegates authority to the Chairman of the Audit Committee to
approve requests for services not included in the pre-approved list of services or for
services not previously pre-approved by the Audit Committee. Any services approved by the
Chairman will be reported to the full Audit Committee at the next meeting.</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="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A review of all audit and non-audit services and fees rendered to the Company and its
subsidiaries by KPMG LLP will be reviewed each quarter by the Audit Committee.</TD>
</TR>

</TABLE>
</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">The
Company does not have any off-balance sheet arrangements other than
those described under the header &#147;Off-Balance Sheet
Arrangements&#148; on pages 48-49 and the cross-currency interest
rate exchange agreements described under the heading &#147;Interest Rate and Foreign Exchange
Management&#148; on pages 44 to 46 of the &#147;2005 Management&#146;s Discussion and Analysis&#148; filed with the Securities
and Exchange Commission on March&nbsp;9, 2006 as Exhibit 99.1 to the Company&#146;s Form 6-K and incorporated by
reference herein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information provided under the heading &#147;Commitments and Other Contractual Obligations&#148; set
forth on page 48 of the &#147;Management&#146;s Discussion and Analysis&#148; filed with the Securities and
Exchange Commission on March&nbsp;9, 2006 as Exhibit 99.1  to the Company&#146;s Form 6-K is incorporated by
reference herein.
</DIV>


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">




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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rogers Communications Inc. 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="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Exchange Act, the registrant 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="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="42%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">Registrant</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Rogers Communications Inc.</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By
</DIV></TD>

    <TD align="left" valign="top" colspan="2">/s/ Edward S. Rogers.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Alan D. Horn</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
<TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>

    <TD align="left" valign="top" colspan="2">Edward S. Rogers
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alan D. Horn</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>

    <TD align="left" valign="top" colspan="2">President and Chief Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Finance
and Chief Financial Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date March 8, 2006
</DIV>


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

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<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" 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="14%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">


<TR valign="bottom" style="font-size: 8pt">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exhibit Number</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Description</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Independent Auditors&#146; Consent</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">31.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Executive Officer pursuant to Section&nbsp;302 of the Sarbanes-Oxley
Act of 2002</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">31.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Financial Officer pursuant to Section&nbsp;302 of the Sarbanes-Oxley
Act of 2002</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">32.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2005,
including annual audited consolidated financial statements filed with the Securities
and Exchange Commission (&#147;SEC&#148;) under cover of a
Form&nbsp;6-K dated March&nbsp;9, 2006.</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rogers Communications Inc. Business
Acquisition Report dated September&nbsp;13, 2005 incorporated by
reference to Exhibit&nbsp;99.1 to the Company&#146;s Report of
Foreign Private Issuer on Form&nbsp;6-K dated September&nbsp;20, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>o30479exv23w1.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;23.1</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Consent of Independent Registered Public Accounting Firm</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">The Board of Directors<BR>
Rogers Communications Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent
to the use of our audit report dated February 7, 2006, except as to
notes 23 and 24, which are as of March 1, 2006, on the consolidated balance sheets of Rogers Communications Inc. and subsidiaries
as at December&nbsp;31, 2005 and 2004, and the related consolidated statements of income, deficit and
cash flows for each of the years in the two-year period ended December&nbsp;31, 2005 incorporated in
this annual report on Form 40-F by reference.
</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">Toronto, Canada<BR>
February 7, 2006, except<BR>
as to notes 23 and 24, which are as<BR>
of March&nbsp;1, 2006

</DIV>

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>o30479exv31w1.htm
<DESCRIPTION>EX-31.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv31w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;31.1</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;302 Certification</B>

</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Edward S. Rogers, President and Chief Executive Officer, 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="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this annual report on Form 40-F of Rogers Communications Inc.;</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">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="1%" 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="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="1%" 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
function):</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">(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>

<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)</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="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="2%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: <I>March 8, 2006</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>/s/ Edward S. Rogers</I></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">
&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" nowrap>Edward S. Rogers<BR>
President and Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>o30479exv31w2.htm
<DESCRIPTION>EX-31.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv31w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;31.2</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;302 Certification</B>

</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Alan D. Horn, Vice President, Finance and Chief Financial Officer, 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="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this annual report on Form 40-F of Rogers Communications Inc.;</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">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="1%" 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="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuer&#146;s other certifying officers 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
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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" 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>

<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="1%" 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="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="2%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: <I>March 8, 2006</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&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">&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"><I>/s/ Alan D. Horn </I></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 1pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top" style="border-bottom: 1px solid #000000">&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" nowrap>Alan D. Horn<BR>
Vice President, Finance and Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>o30479exv32w1.htm
<DESCRIPTION>EX-32.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv32w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;32.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>Certification Pursuant to</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>18 U.S.C. Section&nbsp;1350</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>As Adopted Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Annual Report on Form 40-F of Rogers Communications Inc., a corporation
organized under the laws of British Columbia (the &#147;Company&#148;) for the period ending December&nbsp;31,
2005 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), each
of the undersigned officers 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:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;the information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
</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="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: March 8, 2006
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Edward S. Rogers</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&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">Edward S. Rogers<br>
President and Chief Executive Officer</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: March 8, 2006
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Alan D. Horn</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&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">Alan D. Horn<br>
Vice President, Finance and Chief Financial
Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>o30479exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>ROGERS COMMUNICATIONS INC.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">ANNUAL INFORMATION FORM<BR>
(for the fiscal year ended December&nbsp;31, 2005)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>MARCH 8, 2006</B>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</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" style="font-size: 10pt; margin-top: 18pt"><B>ROGERS COMMUNICATIONS INC.<BR>
ANNUAL INFORMATION FORM INDEX</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following is an index of the Annual Information Form of Rogers Communications Inc. (&#147;RCI&#148;)
referencing the requirements of Form 51-102F2 of the Canadian Securities Administrators. Certain
parts of this Annual Information Form are contained in RCI&#146;s Management&#146;s Discussion and Analysis
(the &#147;2005 MD&#038;A&#148;) for the fiscal year ended December&nbsp;31, 2005, RCI&#146;s 2005 Annual Audited Financial
Statements and in RCI&#146;s <B>Form&nbsp;51-102F4 Business Acquisition Report dated September&nbsp;13, 2005, </B>each of
which is filed on SEDAR at <U>www.sedar.com</U> and incorporated herein by reference as noted
below.
</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="70%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&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="7"><B>Page reference / incorporated</B></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 #000000"><B>by reference from</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Annual Information</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2005</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" style="border-bottom: 1px solid #000000"><B>Form</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>MD&#038;A</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Item&nbsp;1 &#151; Cover Page</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 1</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">Item&nbsp;2 &#151; Index</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 2</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">Item&nbsp;3 &#151; Corporate Structure</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">3.1 &#151; Name and Incorporation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap>p.&nbsp;3</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">3.2 &#151; Intercorporate Relationships</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 3-5</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">Item&nbsp;4 &#151; General Development of the Business</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">4.1 &#151; Three Year History</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 5-9</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">4.2 &#151; Significant Acquisitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 10</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">Item&nbsp;5 &#151; Narrative Description of the Business</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">5.1 &#151; General  &#151;  Business Overview</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 10-12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">p. 3</TD>
    <TD nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"> &#151;
Rogers Wireless</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 10-12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"> &#151;
Roger Cable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 23-26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"> &#151;
Rogers Telecom</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 32-34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"> &#151; Rogers Media</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 38-39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"> &#151; Employees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"> &#151; Properties, Trademarks, Environmental
and Other Matters</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 10</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">5.2 &#151; Risk Factors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 11-12</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:15px; text-indent:-15px">Item&nbsp;6 &#151; Dividends</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;&nbsp;&nbsp;&nbsp;&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">6.1 &#151; Dividends</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 12</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:15px; text-indent:-15px">Item&nbsp;7 &#151; Description of Capital Structure</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;&nbsp;&nbsp;&nbsp;&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">7.1 &#151; General Description of Capital Structure</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 12</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">7.2 &#151; Constraints</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap>pgs. 12-13</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">7.3 &#151; Ratings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 14</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">Item&nbsp;8 &#151; Market for Securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;&nbsp;&nbsp;&nbsp;&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">8.1 &#151; Trading Price and Volume</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 14-15</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">8.2 &#151; Prior Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 15</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">Item&nbsp;9 &#151; Escrowed Securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 15</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">Item&nbsp;10 &#151; Directors and Officers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 15-19</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">Item&nbsp;11 &#151; Promoters</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 20</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">Item&nbsp;12 &#151; Legal Proceedings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 20</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">Item&nbsp;13 &#151; Interest of Management and Others in
Material Transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 20</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">Item&nbsp;14 &#151; Transfer Agents and Registrars</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 20</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">Item&nbsp;15 &#151; Material Contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 20-21</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">Item&nbsp;16 &#151; Interests of Experts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;&nbsp;&nbsp;&nbsp;&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">16.1 &#151; Name of Experts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 21</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">16.2 &#151; Interests of Experts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 21</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">Item&nbsp;17 &#151; Audit Committee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;&nbsp;&nbsp;&nbsp;&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">17.1 &#151; Audit Committee Charter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 21-24</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">17.2 &#151; Composition of the Audit Committee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 24-25</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">17.3 &#151; Relevant Education and Experience</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 25</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">17.4 &#151; Reliance on Certain Exemptions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 25</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">17.5 &#151; Reliance on the Exemption in Subsection 3.3(a) or Section 3.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 25</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">17.6 &#151; Reliance on Section 3.8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 25</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">17.7 &#151; Audit Committee Oversight</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 25</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">17.8 &#151; Pre-Approval Policies and Procedures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">pgs. 25-26</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">17.9 &#151; External Auditor Service Fee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 26</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">Item&nbsp;18
&#151; Additional Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&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">18.1 &#151; Additional Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">p. 26</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>






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

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

<DIV style="font-family: 'Times New Roman',Times,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">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Under the headings &#147;Wireless Business&#148;, &#147;Wireless Products and Services&#148;, &#147;Wireless
Distribution Network&#148;, &#147;Wireless Seasonality&#148;, &#147;Wireless Competition&#148; and &#147;Recent Industry
Trends&#148;.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Under the headings &#147;Media Business&#148;, &#147;Media Seasonality&#148;, &#147;Media Competition&#148;, and
&#147;Recent Media Industry Trends&#148;.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Under the headings &#147;Wireless Employees&#148;, &#147;Cable Employees&#148; and &#147;Media Employees&#148;.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Under the headings &#147;Corporate Risks and Uncertainties&#148;, &#147;Wireless Risks and
Uncertainties&#148;, &#147;Cable Risks and Uncertainties&#148;, &#147;Media Risks and Uncertainties&#148; and
&#147;Telecom Risks and Uncertainties&#148;</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Under the heading &#147;Dividends and Other Payments on RCI Equity Securities&#148;</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 3 &#151; CORPORATE STRUCTURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;3.1 &#151; Name and Incorporation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Rogers Communications Inc. (&#147;Rogers&#148;, &#147;RCI&#148; or the &#147;Company&#148;) is a diversified public Canadian
holding company. RCI has been continued under the <I>Business Corporations Act </I>(British Columbia).
The registered office is located at 1075 W Georgia Street, Suite&nbsp;2100, Vancouver, British Columbia,
V6E 3G2 and the head office is located at 333 Bloor Street East, Toronto, Ontario, M4W 1G9.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In May&nbsp;2002, the articles of the Company were amended to provide that each holder of one or more
Class&nbsp;A Voting shares shall be entitled as such to twenty-five (25)&nbsp;votes in respect of each Class
A Voting share held.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In May&nbsp;2003, the constating documents of RCI were changed to: (i)&nbsp;alter the Memorandum of the
Company by cancelling all authorized but unissued Class&nbsp;A Voting shares of the Company; and (ii)
amend the Articles of the Company to provide that the directors may not attach any right to any
series of preferred shares of the Company created after May&nbsp;30, 2003 that entitles or would entitle
the holder or holders of the shares of any such series to vote at any general meeting of the
Company, and that the preferred shares of any such series shall have no right to vote at any such
general meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In May&nbsp;2004, the articles of the Company were amended (i)&nbsp;to provide that each holder of one or
more Class&nbsp;A Voting shares shall be entitled as such to fifty (50)&nbsp;votes in respect of each Class&nbsp;A
Voting Share held; and (ii)&nbsp;to eliminate all series of Preferred shares except Series&nbsp;XXVII
Preferred shares, Series&nbsp;XXX Preferred shares and Series&nbsp;XXXI Preferred shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the purposes of this report, Rogers&#146; operations have been reported in four segments: &#147;Cable&#148; or
&#147;Rogers Cable&#148;, which refers to Rogers&#146; wholly-owned subsidiary Rogers Cable Inc. and its
wholly-owned operating subsidiary; &#147;Wireless&#148; or &#147;Rogers Wireless&#148; which refers to Rogers&#146;
wholly-owned subsidiary Rogers Wireless Communications Inc. (&#147;RWCI&#148;) and RWCI&#146;s wholly-owned
operating subsidiaries; and &#147;Media&#148; or &#147;Rogers Media&#148;, which refers to Rogers&#146; wholly-owned
subsidiary Rogers Media Inc. and Media&#146;s wholly-owned subsidiaries Rogers Broadcasting Limited
(&#147;Broadcasting&#148;), Rogers Publishing Limited (&#147;Publishing&#148;) and &#147;Blue Jays&#148;, which refers to our
wholly-owned subsidiary Blue Jays Holdco Inc., which owns the Toronto Blue Jays Baseball Club; and
&#147;Telecom&#148;, which refers to Rogers Telecom Inc. and its wholly owned operating subsidiaries. See
the description of the Telecom reorganization under &#147;2006 Year-to-Date Development&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3.2 &#151; Intercorporate Relationships</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following summary organization chart illustrates, as of March&nbsp;1, 2006, the structure of the
principal subsidiaries of RCI, and indicates the jurisdiction of organization of each entity shown.
Summary operating data has also been provided at December&nbsp;31, 2005.
</DIV>


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o30479o3047901.gif" alt="(FLOW CHART)">
</DIV>

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

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="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>RCI&#146;s interest in RWCI is held directly through RCI and indirectly through RWCI
Acquisition Inc., a corporation incorporated under the laws of British Columbia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="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>Effective January&nbsp;19, 2005, Microcell Telecommunications Inc. (&#147;Microcell&#148;) and Microcell
Solutions Inc. changed their name to Fido Inc. and Fido Solutions Inc., respectively.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;Effective January&nbsp;1, 2005, Blue Jays Holdco Inc. became a subsidiary of Rogers Media Inc.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="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>Effective July&nbsp;1, 2005, Rogers Telecom Holdings Inc. (formerly Call-Net Enterprises Inc.)
was acquired and became a subsidiary of Rogers Communications 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">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In January&nbsp;2006, RCI completed a reorganization whereby Cable acquired substantially all
of the operating subsidiaries of Rogers Telecom Holdings Inc., including Rogers Telecom
Inc. (&#147;Telecom&#148;). As a result of this reorganization, the businesses formerly conducted by
Telecom are now conducted by Cable.</TD>
</TR>

</TABLE>
</DIV>
<P><DIV style="position: relative; float: left; width: 30%">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>WIRELESS</B></U>
</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A leading Canadian wireless communications service provider, with over 6.3&nbsp;million customers at December&nbsp;31, 2005, including approximately 6.2&nbsp;million wireless voice and data subscribers.</TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operates a Global System for Mobile Communications/General Packet Radio Services (GSM/GPRS) network with Enhanced Data for GSM Evolution (&#147;EDGE&#148;) Technology. Wireless is Canada&#146;s only
carrier on the world standard GSM/GPRS technology. Wireless&#146; GSM/GPRS/EDGE network provides coverage to approximately 94% of Canada&#146;s population at December&nbsp;31, 2005.</TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Wireless&#146; products and services are marketed through a nationwide distribution network of over 7,000 dealer and retailer locations.</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<DIV style="position: relative; float: left; margin-left: 2%; width: 30%">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>CABLE</B></U>
</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Rogers Cable is Canada&#146;s largest cable television company, which owns and operates cable systems in Ontario, New Brunswick and Newfoundland serving
approximately 2.26&nbsp;million basic cable subscribers at December&nbsp;31, 2005.</TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Provides advanced digital cable service serving 913,200 households.</TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Provides internet access service serving approximately 1.15&nbsp;million customers.</TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On July&nbsp;1, 2005, Cable&#146;s voice-over-cable telephony services became commercially available, serving approximately 47,900 subscribers at December&nbsp;31, 2005.</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<DIV style="position: relative; float: right; width: 30%">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>MEDIA</B></U>
</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Publishing produces approximately 70 consumer magazines and trade and professional publications and directories.</TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Broadcasting comprises 46 radio stations across Canada (36 FM and 10 AM radio stations), two multicultural television stations in Ontario (OMNI.1 and OMNI.2), a
spiritually themed television station in Vancouver, acquired in June&nbsp;2005, a regional sports specialty service (Rogers Sportsnet), and Canada&#146;s only nationally televised
shopping service (The Shopping Channel). Broadcasting holds a 50% interest in Dome Productions, a mobile production and distribution joint venture. Broadcasting holds
minority interests in several specialty television services, including Viewer&#146;s Choice Canada, Outdoor Life Network</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<BR clear="all"><BR>

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

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

<DIV style="font-family: 'Times New Roman',Times,serif">



<P><DIV style="position: relative; float: left; width: 30%">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>
</DIV>
<DIV style="position: relative; float: left; margin-left: 2%; width: 30%">

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Owns and operates Canada&#146;s second largest chain of video stores (314 stores) at December&nbsp;31, 2005.</TD>
</TR>

</TABLE>
</DIV>

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


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telecom is a leading Canadian integrated communications solutions provider of home phone,
wireless, long distance (LD)&nbsp;and IP services to households, and local, long distance, toll
free, enhanced voice, data and IP services to businesses and governments across Canada.</TD>
</TR>

</TABLE>
</DIV>

<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>During 2005, Telecom acquired most of the Group Telecom and 360 Networks CLEC assets in
New Brunswick and Nova Scotia.</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<DIV style="position: relative; float: right; width: 30%">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="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>(OLN), G4TechTV Canada, The Biography Channel Canada
and certain other minority interest investments.</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>In addition to more traditional delivery methods, the Media group also delivers content over the Internet for many of the individual Broadcasting and Publishing 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>On November&nbsp;26, 2004, Media entered into an agreement to purchase the assets related to owning and operating SkyDome, a multi-purpose stadium located in Toronto, Canada.
This transaction closed on January&nbsp;31, 2005 with the renaming of the stadium as the Rogers Centre.</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>Effective January&nbsp;1, 2005, ownership and management of Rogers&#146;s sports operations, including the Toronto Blue Jays were transferred to Media.</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<BR clear="all"><BR>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4 &#151; GENERAL DEVELOPMENT OF THE BUSINESS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;4.1 &#151; Three Year History</B>
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Upon maturity on February&nbsp;14, 2006, the Company redeemed its $75.00&nbsp;million Senior Notes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2006 Year-to-Date Developments</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>On January&nbsp;3, 2006, the Company redeemed all of Telecom&#146;s remaining
10.625% Senior Secured Notes due 2008. The total redemption amount was
US$23.2&nbsp;million, including a redemption premium of US$1.2&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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On January&nbsp;4, 2006, the Company completed the acquisition of certain
real estate assets in Brampton, Ontario, Canada for $96.3&nbsp;million in
cash, net of adjustments, and including taxes and title insurance.
The total purchase price for the acquisition was $99.3&nbsp;million
including a $3.0&nbsp;million deposit made in 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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On January&nbsp;6, 2006, the Company paid a semi-annual dividend of $23.5
million to the shareholders of record on December&nbsp;28, 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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In January&nbsp;2006, RCI completed a reorganization whereby Cable acquired substantially all of
the operating subsidiaries of Rogers Telecom Holdings Inc., including Rogers Telecom Inc.
(&#147;Telecom&#148;). As a result of this reorganization, the businesses formerly conducted by
Telecom are now conducted by Cable. As a result of the changes to management&#146;s reporting,
beginning in 2006, Cable&#146;s reporting segments will change.</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 Board of Directors unanimously approved an extension of the employment
contract of the Company&#146;s President and Chief Executive Officer, Edward S.
(Ted) Rogers. Mr.&nbsp;Rogers&#146; employment contract has been extended from June&nbsp;30,
2008 to December&nbsp;31, 2008.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2005 Highlights</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Rogers Communications Inc.</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On July&nbsp;1, 2005, the Company acquired 100% of Rogers Telecom Holdings Inc.
(formerly Call-Net Enterprises Inc., or &#147;Call-Net&#148;) in a share-for-share
transaction announced May&nbsp;11, 2005. Telecom is a Canadian integrated
telecommunications solutions provider of local, long distance and data services
to more than 600,000 households and businesses across Canada. As of December
31, 2005, Telecom operated an extensive national fibre network with
approximately 160 co-locations in major urban areas across Canada and also
maintained network facilities in the U.S. and United Kingdom.</TD>
</TR>

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

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<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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As consideration for the Telecom acquisition, RCI issued approximately 8.5
million RCI Class&nbsp;B Non-Voting shares and approximately 0.4&nbsp;million
fully-vested options to acquire RCI Class&nbsp;B Non-Voting shares with Call-Net
shareholders receiving one Class&nbsp;B Non-Voting share for each 4.25 shares of
Call-Net. Including estimated transaction costs of $4.0&nbsp;million, the purchase
price of the acquisition was $328.5&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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On June&nbsp;30, 2005, the Company issued a notice of redemption for all of its
5.75% Convertible Debentures due November&nbsp;26, 2005 at a redemption price per
US$1,000 face amount of US$992.28 for an aggregate redemption amount of
approximately US$223.0&nbsp;million and a redemption date of August&nbsp;2, 2005. An
aggregate of approximately 7.7&nbsp;million RCI Class&nbsp;B Non-Voting shares were
issued to debenture holders.</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>Rogers and Bell Canada announced a joint venture that will build and
manage a Canada-wide wireless broadband network utilizing the two companies&#146;
extensive fixed wireless spectrum holdings and existing networks of cellular
tower and backhaul 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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In recognition of the Company&#146;s improving financial performance and solid
strategic positioning the Board of Directors expressed confidence in
management&#146;s execution of the Company&#146;s strategy by approving a 50% increase in
the annual dividend to $0.15 per share, paid semi-annually. RCI declared a
semi-annual dividend of $0.075 per share on each outstanding RCI Class&nbsp;B
Non-Voting share and RCI Class&nbsp;A Voting share, which was paid on January&nbsp;6,
2006 to shareholders of record on December&nbsp;28, 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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On October&nbsp;11, 2005, the Company issued a notice to Microsoft Corporation
(&#147;Microsoft&#148;) of its intention to redeem the $600&nbsp;million aggregate principal
amount of 5<FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT>% Convertible Preferred Securities due August&nbsp;2009. On October&nbsp;17,
2005, the Company received notice that Microsoft had elected to convert these
securities, and, pursuant to this notice of conversion, the Company issued
17,142,857 shares of our Class&nbsp;B Non-Voting stock to Microsoft on October&nbsp;24,
2005 at the exercise price of $35 per share.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Cable</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In December&nbsp;2005, Cable redeemed U.S.$113.7&nbsp;million aggregate principal
amount of its 11% Senior Subordinate Convertible Debentures due 2015 to a
redemption premium of 5.50% for a total of $140.9&nbsp;million (U.S. $119.9
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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On July&nbsp;1, 2005, Cable introduced its Rogers Home Phone cable telephony
service offering in the Greater Toronto Area. Rogers Home Phone
voice-over-cable service was rolled out across the Company&#146;s cable areas in
Southwest Ontario and Ottawa in the fourth quarter of 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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In June&nbsp;2005, Cable amended its bank credit facility. The maximum amount
of the facility has been reduced by $75.0&nbsp;million to $1.0&nbsp;billion comprised of
$600.0&nbsp;million Tranche A and $400.0&nbsp;million Tranche B. The amendment served to
extend the maturity date of both Tranche A and Tranche B to &#147;bullet&#148; repayments
on July&nbsp;2, 2010 and eliminate the amortization schedule for Tranche B; reduce
interest rates and standby fees; and relax certain financial covenants.</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>On March&nbsp;15, 2005, Cable repaid US$291.5&nbsp;million aggregate principal
amount of its 10.0% Senior Secured Second Priority Notes due March&nbsp;15, 2005.
Cable had a net cash outlay of $58.1&nbsp;million on the settlement of the
cross-currency interest rate swap of US$283.4&nbsp;million notional amount that
qualified as a hedge for accounting purposes of a portion of these 10.0% Notes.
On March&nbsp;15, 2005, a cross-currency interest rate swap of US$50.0&nbsp;million
notional amount matured. Cable incurred a net cash outlay of $10.5&nbsp;million
upon settlement of this swap.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Wireless</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The integration of Fido Solutions Inc. was essentially completed with the
two GSM networks now fully integrated and all postpaid and prepaid retail Fido
subscribers migrated onto the Wireless billing platforms.</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>During 2005, with the approval of its Board of Directors, RCI entered into
an arrangement to sell to its controlling shareholder, for $13&nbsp;million in cash,
the shares in two of RCI&#146;s wholly-owned subsidiaries whose only asset will
consist of tax losses aggregating approximately $100&nbsp;million. These tax losses
will be transferred from Wireless to one of these wholly-owned subsidiaries of
RCI. The terms of the transaction were reviewed and approved by a Special
Committee of the Board of Directors of RCI comprised of independent directors.</TD>
</TR>

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

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<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><I>Telecom</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telecom acquired most of the Group Telecom and 360 Networks CLEC assets in
New Brunswick and Nova Scotia from Bell Canada for $12.6&nbsp;million. Telecom also
acquired Group Telecom and 360 Networks&#146; multi-stranded regional fibre in
Ontario and Qu&#233;bec for $12.0&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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the third quarter of 2005, Rogers Telecom Holdings Inc. redeemed
approximately US$200.9&nbsp;million of Telecom&#146;s 10.625% Senior Secured Notes due
2008 leaving approximately US$22.0&nbsp;million in aggregate principal amount
outstanding. Telecom also terminated its $55.0&nbsp;million accounts receivable
securitization program.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2004 Highlights</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Rogers Communications Inc.</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On April&nbsp;15, 2004, the Company filed a final shelf prospectus in all of the
provinces in Canada and in the U.S. under which it will be able to offer up to
an aggregate of US$750&nbsp;million of Class&nbsp;B Non-Voting shares, preferred shares,
debt securities, warrants, share purchase contracts or units, or any
combination thereof, for a period of 25&nbsp;months from the date filed.</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>On June&nbsp;16, 2004, 9,541,985 Class&nbsp;B Non-Voting shares were sold under the
shelf prospectus for net cash proceeds of $238.9&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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On October&nbsp;13, 2004, the Company announced the completion of its purchase
of the 48,594,172 RWCI Class&nbsp;B Restricted Voting shares owned by JVII General
Partnership (&#147;JVII&#148;), a partnership owned by AT&#038;T Wireless Services, Inc.
(&#147;AWE&#148;), for a cash price of $36.37 per share for a total of approximately
$1,767.4&nbsp;million. As a result of this transaction, the Company&#146;s ownership
increased from approximately 55.3% to approximately 89.3% at October&nbsp;13, 2004.
The Company funded the approximate $1,767&nbsp;million cash purchase price through a
$1,750&nbsp;million secured bridge financing facility available for up to two years
with a group of Canadian financial institutions. This facility was permanently
repaid on December&nbsp;31, 2004, in part through proceeds from a $1,400&nbsp;million
loan from RWCI. See &#147;Significant Acquisitions&#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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On November&nbsp;11, 2004 RCI announced an exchange offer to purchase all of the
publicly-owned Class&nbsp;B Restricted Voting shares of Wireless, with the
consideration being 1.75 RCI Class&nbsp;B Non-Voting shares for each Wireless Class
B Restricted Voting share held. The acquisition was successfully completed
effective December&nbsp;31, 2004 and Wireless became a wholly-owned subsidiary. RCI
issued a total of 28,072,856 Class&nbsp;B Non-Voting shares as consideration in this
transaction. See &#147;Significant Acquisitions&#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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On December&nbsp;15, 2004, RCI announced that its Board of Directors unanimously
approved an extension of the employment contract of the company&#146;s President and
Chief Executive Officer, Edward S. (Ted) Rogers. Mr.&nbsp;Rogers&#146; employment
contract with Rogers Communications has been extended from December&nbsp;31, 2006 to
June&nbsp;30, 2008.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Cable</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In January&nbsp;2004, Cable announced an agreement with Yahoo! Inc. to provide
co-branded Internet services to customers of its Internet services. Cable
launched its broadband Rogers Yahoo! Hi-Speed Internet services and completed
the transition of its Ontario and New Brunswick Internet customer bases to the
new platform. These broadband services include some or all of the following
features: safety and security features with parental controls; an e-mail system
with e-mail anti-virus; SpamGuard Plus; over 2 gigabytes of mail storage;
Rogers Yahoo! Photos with unlimited storage; Rogers Yahoo! Messenger; Internet
music and radio; and Rogers Yahoo! Games.</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>In January&nbsp;2004, RCI directed Cable to establish, and Cable adopted, a
distribution policy to distribute $6.0&nbsp;million of cash per month to RCI on a
regular basis beginning in January&nbsp;2004. As a result, Cable distributed an
aggregate $72.0&nbsp;million to RCI under this distribution policy in 2004. In
addition, in November, 2004, Cable distributed $660&nbsp;million as a return of
capital to RCI.</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>In February&nbsp;2004, together with RCI, Cable announced a plan for the
deployment of an advanced broadband Internet Protocol (IP)&nbsp;multimedia network
to support primary line voice-over-cable telephony and other new services
across its cable service areas with initial service availability expected no
earlier than mid-2005. As originally disclosed in February&nbsp;2004, Cable
anticipates that it will initially invest approximately $200&nbsp;million in fixed
costs to enable the launch of the service, with approximately
$106&nbsp;million of the</TD>
</TR>

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

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<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>initial investment made in 2004. Once this initial platform is deployed,
additional variable additions to Property, Plant and Equipment (&#147;PP&#038;E&#148;)
associated with adding each voice-over telephony service customer, which
includes uninterruptible back-up powering at the home, are expected to be in
the range of $300 to $340 per subscriber addition.</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>On February&nbsp;23, 2004, Cable redeemed $300.0&nbsp;million aggregate principal
amount of its 9.65% Senior Secured Second Priority Debentures due 2014 at a
redemption price of 104.825% of the aggregate principal 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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On March&nbsp;11, 2004, Cable completed a private placement in an aggregate
principal amount of US$350.0&nbsp;million 5.50% of Senior (Secured) Second Priority
Notes due 2014. Cable used approximately US$243.3&nbsp;million of the net proceeds
to refinance the drawdown under its new bank credit facility, which was used to
fund the redemption of February&nbsp;23, 2004 of $300.0&nbsp;million 9.65% Senior Secured
Debenture due 2014 at a redemption price of 104.825%. Cable used the balance
of the net proceeds from this offering to repay other existing indebtedness
outstanding under the new bank credit facility and for general corporate
purposes.</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>On November&nbsp;30, 2004, Cable completed a private placement in an aggregate
principal amount of $175.0&nbsp;million 7.25% Senior (Secured) Second Priority Notes
due 2011 and US$280.0&nbsp;million 6.75% Senior (Secured) Second Priority Notes due
2015. Cable used the proceeds to refinance borrowings under bank facilities.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Wireless</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Successfully completed the deployment of EDGE technology across Wireless&#146;
entire GSM/GPRS network and have introduced devices which enable subscribers to
enjoy greatly increased wireless data speeds.</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>On February&nbsp;20, 2004, Rogers Wireless Inc. (&#147;RWI&#148;) completed a private
placement of an aggregate principal amount of US$750.0&nbsp;million 6.375% Senior
Secured Notes due 2014. Approximately US$734.7&nbsp;million of the proceeds were
used on March&nbsp;26, 2004 to redeem US$196.1&nbsp;million 8.30% Senior Secured Notes
due 2007, US$179.1&nbsp;million 8.80% Senior Subordinated Notes due 2007, and
US$333.2&nbsp;million 9 3/8% Senior Secured Debentures due 2008, together with
related redemption premiums.</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>On October&nbsp;8, 2004, Wireless and its bank lenders entered into an amending
agreement to Wireless&#146; $700.0&nbsp;million bank credit facility that provided among
other things, for a two year extension to the maturity date and the reduction
schedule so that the Wireless bank credit facility now reduces by $140.0
million on each of April&nbsp;30, 2008 and April&nbsp;30, 2009 with the maturity date on
April&nbsp;30, 2010. The provision for early maturity in the event that Wireless&#146; 10
1/2% senior secured notes due 2006 are not repaid (by refinancing or otherwise)
on or prior to December&nbsp;31, 2005 has been eliminated. In addition, certain
financial ratios to be maintained on a quarterly basis have been made less
restrictive, the restriction on the annual amount of property, plant and
equipment (&#147;PP&#038;E&#148;) expenditures has been eliminated and the restriction on the
payment of dividends and other shareholder distributions has been eliminated
other than in the case of a default or event of default under the terms of the
bank credit 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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On September&nbsp;20, 2004, Wireless announced an all cash offer of $35.00 per
share to acquire all of the issued and outstanding equity securities of
Microcell, Canada&#146;s fourth largest wireless communications provider.
Microcell&#146;s Board of Directors recommended that its shareholders tender to the
offer, Wireless obtained certain necessary regulatory approvals and the
acquisition was successfully completed effective November&nbsp;9, 2004 for
approximately $1,318&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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On October&nbsp;13, 2004, the Company announced the completion of its purchase
of 48,594,172 RWCI Class&nbsp;B Restricted Voting shares owned by JVII. See &#147;Rogers
Communications Inc.&#148; and &#147;Significant Acquisitions&#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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On November&nbsp;30, 2004, Wireless completed a private placement in the
principal amount of $460.0&nbsp;million 7.625% Senior (Secured) Notes due 2011, US
$550.0&nbsp;million Floating Rate Senior (Secured) Notes due 2010, US $470.0&nbsp;million
7.25% Senior (Secured) Notes due 2012, US $550.0&nbsp;million 7.5% Senior (Secured)
Notes due 2015, and US $400.0&nbsp;million 8.0% Senior Subordinated Notes due 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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On December&nbsp;31, 2004, RCI, directly and indirectly, acquired all of the
RWCI Class&nbsp;B Restricted Voting shares held by the public for consideration of
1.75 RCI Class&nbsp;B Non-Voting Share for each RWCI Restricted Voting share held by
the public. See &#147;Rogers Communications Inc.&#148; and &#147;Significant Acquisitions&#148;.</TD>
</TR>

</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">8
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Media</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On November&nbsp;1, 2004, Media&#146;s Broadcasting subsidiary reached an agreement
to purchase certain assets of NOWTV, a Vancouver over-the-air religious
television broadcaster that also owns a licence for a Winnipeg television
service, subject to CRTC 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="1%">&nbsp;</TD>
    <TD>On July&nbsp;31, 2004, the Company&#146;s wholly-owned subsidiary, Blue Jays,
redeemed and cancelled all of its outstanding Class&nbsp;A Preferred Voting shares
that were issued in April&nbsp;2001 to Rogers Telecommunications Ltd. (&#147;RTL&#148;), a
company controlled by RCI&#146;s controlling shareholder. At that time, RTL acquired
the voting rights to control the Toronto Blue Jays. As a result of the
redemption, voting control of the Blue Jays transferred to RCI and,
accordingly, RCI began to consolidate the results of the Toronto Blue Jays
effective July&nbsp;31, 2004.</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>In August, 2004, Media&#146;s Publishing subsidiary successfully launched Lou
Lou, Canada&#146;s first paid circulation shopping magazine for young women.</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>On December&nbsp;23, 2004, Media&#146;s Broadcasting subsidiary acquired the 20%
interest in Rogers Sportsnet Inc. held by Fox Sports Net Canada Holdings LLC,
for $45&nbsp;million, increasing its ownership to 100%.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2003 Highlights</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Cable</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Network rebuild project progressed further, increasing to 96% of Rogers
Cable&#146;s homes passed being two-way addressable, 99% of subscribers digital
capable and more than 92% of the Cable plant capable of transmitting 750 MHz of
bandwidth or greater.</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>Continued to expand the availability of video-on-demand (VOD)&nbsp;service,
Rogers on Demand, with availability reaching over 1.8&nbsp;million homes by year end
2003, while continuing to expand the number of VOD content agreements with
various production studios to bring the total number of available titles to
over 1,000.</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Increased the throughput of its Hi-Speed Internet service up to 3Mbps,
introduced its personal video recorders (PVR), and launched nine new high
definition television (HDTV)&nbsp;channels.</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>Issued US$350&nbsp;million 6.25% Senior (Secured) Second Priority Notes due
2013. Proceeds of this financing were used to repay advances outstanding under
Cable&#146;s bank credit facility, intercompany debt owing to RCI and to redeem
US$74.8&nbsp;million aggregate principal amount of Cable&#146;s 10% Senior Secured Second
Priority Debentures due 2007 at a redemption price of 105.0% of the aggregate
principal amount, and for general corporate purposes.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Wireless</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Completed the deployment of GSM/GPRS technology operating in the 850 MHz
spectrum range across the national footprint, expanding the capacity and also
enhancing the quality of the GSM/GPRS network. Began trials of EDGE technology
in the Vancouver market at the end of 2003 which, accomplished by the
installation of a network software upgrade, more than triples the wireless data
transmission speeds available on its network.</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>In 2003, Wireless announced that it would transition the branding to Rogers
Wireless from Rogers AT&#038;T Wireless. On March&nbsp;8, 2004, it began the transition,
bringing greater clarity to the Rogers brand in Canada. As a result, a non-cash
charge in 2003 of approximately $20.0&nbsp;million was recorded to reflect the
accelerated amortization of the associated brand licence costs, as the decision
was made to terminate in 2003.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Media</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="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Broadcasting successfully completed the reformatting of several of its
radio stations during 2003 which has resulted in significant ratings
boosts in several of its key markets.</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>Publishing announced it is preparing to launch Canada&#146;s first paid
circulation shopping magazine for young women beginning in the summer
of 2004.</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>Media announced an investment by Broadcasting in 50% of CTV&#146;s mobile
production and distribution business, Dome Productions. This
partnership will accelerate the production and distribution of HDTV
content in Canada. The transaction was successfully completed on
January 2, 2004.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">9
</DIV>

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<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>&nbsp;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4.2 &#151; Significant Acquisitions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On July&nbsp;1, 2005, the Company acquired 100% of Call-Net in a share for share transaction announced
May&nbsp;11, 2005. As consideration for the acquisition, the Company issued approximately 8.5&nbsp;million
RCI Class&nbsp;B Non-Voting shares and approximately 0.4&nbsp;million fully-vested options to acquire RCI
Class&nbsp;B Non-Voting shares with Call-Net shareholders receiving one Class&nbsp;B Non-Voting share for
each 4.25 shares of Call-Net. Including estimated transaction costs of $4.0&nbsp;million, the purchase
price of the acquisition was $328.5&nbsp;million
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Further information regarding this acquisition is contained in the Business Acquisition Reports
dated September&nbsp;13, 2005 which is incorporated herein by reference and available at
<U>www.sedar.com</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 5 &#151; NARRATIVE DESCRIPTION OF THE BUSINESS</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PROPERTIES, TRADEMARKS, ENVIRONMENTAL AND OTHER MATTERS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In most instances, the Company, through its subsidiaries owns the assets essential to its
operations. The major fixed assets are transmitters, microwave systems, antennae, buildings and
electronic transmission, receiving and processing accessories and other wireless network equipment
(including switches, radio channels, base station equipment, microwave facilities and cell
equipment); coaxial and fibre optic cables, set-top terminals and cable modems, electronic
transmission, receiving, processing, digitizing and distributing equipment, IP routers, data
storage servers and network management equipment, microwave equipment and antennae; and radio and
television broadcasting equipment (including television cameras, television and radio production
facilities and studios). The operating systems and software related to these assets are either
owned by the Company or are used under license.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wireless owns a Toronto office complex in which its executive offices are located. Wireless is also
leasing a majority of this office space to RCI and other subsidiaries of RCI. The Company owns a
Brampton office complex which was acquired on January&nbsp;4, 2006. In addition, the Company owns
service vehicles, data processing facilities and test equipment. Most of the Company&#146;s assets are
held in its subsidiaries and are subject to various security interests in favour of lenders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">RCI&#146;s subsidiaries also lease various distribution facilities from third parties, including space
on utility poles and underground ducts for the placement of some of the cable system and roof
rights. The Company either owns or leases land for the placement of hub sites and head-ends and
space for other portions of the distribution system. The Company also leases land and space on
buildings for the placement of antenna towers and generally leases the premises on which its
switches are located, principally under long-term leases. Rogers Wireless&#146; wireless network reaches
approximately 93% of the Canadian population and is located in all ten provinces. Rogers Cable&#146;s
cable network is clustered in three key urban markets in Southern Ontario (Toronto, Ottawa, and the
Guelph to London corridor), New Brunswick and Newfoundland.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On July&nbsp;1, 2005, the Company acquired Call-Net, an integrated communications solutions provider of
local, long distance and data services to more than 600,000 households and businesses across
Canada. As a result of this acquisition, the Company now operates an extensive national fibre
network with over 155 co-locations in major urban areas across Canada and also maintains network
facilities in the U.S. and United Kingdom.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company owns or has licensed various brands and trademarks used in its businesses. Various of
the Company&#146;s trade names and properties are protected by trademark and/or copyright. The Company
maintains customer lists for its businesses. The Company&#146;s intellectual property, including its
trade names, brands, properties and customer lists, is important to its operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Environmental protection requirements applicable to the Company&#146;s operations are not expected to
have a significant effect on the Company&#146;s property, plant and equipment expenditures, earnings or
its competitive position in the current or future fiscal years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company and its subsidiaries have committed to material obligations under firm contractual
arrangements, including commitments for future payments under long-term debt arrangements, capital
lease obligations, operating lease arrangements and other commercial commitments. The information
under the heading &#147;Commitments and Contractual Obligations&#148;
contained on page&nbsp;48 of the 2005 MD&#038;A
are incorporated herein by reference.
</DIV>


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

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<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">This section is incorporated by reference herein are the following sections contained in our
Management&#146;s Discussion and Analysis for the year ended December, 31, 2005:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item
5.1 &#151; General &#151; Business Overview</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="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Overview &#151; Our Business</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 3</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">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Seasonality</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>pgs. 87-88</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">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Operating Unit Review:</B></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">&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">Wireless:</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">Wireless Business
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 10-12
</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">Wireless Products and Services
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 10</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">Wireless Distribution Network
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 11</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">Wireless Networks
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 11</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">Wireless Strategy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 11-12</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">Wireless Competition</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 54</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">Recent Wireless Industry Trends
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 12-13</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">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Cable:</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">Cable Business
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 23-24</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">Cable Products and Services
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 24</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">Cable Distribution Network
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 24</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">Cable Networks
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 24-25</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">Cable Strategy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 25</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">Cable Competition</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 54-55</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">Recent Cable Industry Trends
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 26</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">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telecom:</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">Telecom Business
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 32-33</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">Telecom Products and Services
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 33</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">Telecom Distribution Network</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 33</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">Telecom
Network</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 33-34</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">Telecom Strategy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 34</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">Telecom Competition</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 55-56</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">Recent Wireline Telecom Industry Trend</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 34</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">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Media:</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">Media Business
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 38</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">Media Strategy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 38-39</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">Media Competition
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 56</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">Recent Media Industry Trends
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">p. 39</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">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Intercompany and Related</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">Party Transactions
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">pgs. 80-83</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>Item&nbsp;5.2 &#151; Risk Factors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following section is incorporated by reference herein to &#147;Corporate Risks and Uncertainties&#148;,
section contained on pages 56 to 59 of our Management&#146;s Discussion and Analysis for the year ended December
31, 2005.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following section is incorporated by reference herein to &#147;Wireless Risks and Uncertainties&#148;,
section contained on pages 59 to 64 of our Management&#146;s Discussion and Analysis for the year ended December
31, 2005.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following section is incorporated by reference herein to &#147;Cable Risks and Uncertainties&#148;,
section contained on pages 64 to 67 of the 2005 Management Discussion
and Analysis for the year ended December
31, 2005.
</DIV>


<P align="center" style="font-size: 10pt">11
</DIV>

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<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">The following section is incorporated by reference herein to &#147;Telecom Risks and Uncertainties&#148;,
section contained on page 68 of our Management&#146;s Discussion and Analysis for the year ended December
31, 2005.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following section is incorporated by reference herein to &#147;Media Risks and Uncertainties&#148;,
section contained on pages 68 to 70 of our Management&#146;s Discussion and Analysis for the year ended December
31, 2005.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 6
&#151; DIVIDENDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item
- -6.1 &#151; Dividends</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This information under the heading &#147;Dividends and Other Payments on RCI Equity Securities&#148;
contained on page of the 2005 MD&#038;A is incorporated herein by reference.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 7 &#151; DESCRIPTION OF CAPITAL STRUCTURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item
- -7.1 &#151; General Description of Capital Structure</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each Class&nbsp;A Voting share of RCI carries the right to fifty votes on a poll and may be voted at the
meetings of shareholders of RCI. Holders of Class&nbsp;B Non-Voting shares and any series of preferred
shares of the Company are entitled to receive notice of and to attend meetings of shareholders of
RCI but, except as required by law, are not entitled to vote at such meetings. Under applicable
Canadian securities laws, an offer to purchase Class&nbsp;A Voting shares of RCI would not necessarily
require that an offer be made to purchase Class&nbsp;B Non-Voting shares of RCI.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information required under the heading General Description of Capital Structure is contained in
the 2005 Annual Audited Financial Statements, Note 13 is incorporated herein by reference.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item
- -7.2 &#151; Constraints</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Restrictions on the Transfer, Voting and Issue of Shares</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has a direct or indirect ownership interest in a number of distinct Canadian
undertakings which hold licences pursuant to applicable licencing legislation (the
&#147;Telecommunications Legislation&#148;). The Telecommunications Legislation includes the <I>Broadcasting Act</I>
(Canada), the <I>Telecommunications Act </I>(Canada) and the <I>Radiocommunication Act </I>(Canada).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Telecommunications Legislation contains separate requirements relating to the level of foreign
ownership that is permitted in respect of a given class of licenced undertaking. The Company
believes that it, and each of its subsidiaries, have at all times been in compliance with all of
the relevant ownership requirements of the Telecommunications Legislation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In April&nbsp;1996, the Governor in Council (i.e., the federal cabinet) issued a Direction to the
Canadian Radio-television and Telecommunications Commission (the &#147;CRTC&#148;) respecting the
ineligibility of non-Canadians to hold broadcasting licences, including licences to operate cable
television undertakings. That Direction substantially harmonized the foreign ownership requirements
under the <I>Broadcasting Act </I>with those under the <I>Telecommunications Act </I>and the <I>Radiocommunication
Act</I>. The Direction was amended in 1997 to allow two non-Canadian controlled telephone companies to
hold licences to operate cable television undertakings within their respective service areas. It
was amended in July&nbsp;1998 to clarify the restrictions relating to a holding company&#146;s ability to
control or influence the programming decisions of the licensee operating company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The revised Cabinet Direction authorizes non-Canadians to own and control, directly or indirectly,
up to 33 1/3% of the voting shares and up to 33 1/3% of the number of votes attached to the voting
shares of a holding company which has a subsidiary operating company licenced under the
<I>Broadcasting Act</I>. In addition, up to 20% of the voting shares and up to 20% of the votes attached
to the voting shares of the operating licencee company may be owned and controlled, directly or
indirectly, by non-Canadians. The chief executive officer and 80% of the members of the Board of
Directors of the operating licensee company must be Canadian. In addition, the holding company and
its directors are prohibited from exercising control or influence over the programming decisions of
the licensee company, unless the holding company satisfies the ownership requirements which are
applicable to the licensee company. There are no restrictions on the number of non-voting shares
that may be held by non-Canadians at either the holding company or
</DIV>


<P align="center" style="font-size: 10pt">12
</DIV>

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<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">licencee company level. The CRTC retains the discretion under the Direction to determine whether a
given licensee is in fact controlled by non-Canadians.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The cellular, PCS and paging licenses held by the Company&#146;s indirect subsidiary, RWI, include a
condition requiring the licensed carrier company to comply with the ownership restrictions set out
in the <I>Telecommunications Act </I>and the <I>Radiocommunication Act</I>. A maximum level of 20% of the issued
voting shares of the licensed carrier company may be owned by persons who are not Canadians. In
addition, at least 80% of the members of the Board of Directors of the licensed carrier company
must be Canadian. Pursuant to regulations promulgated under the <I>Telecommunications Act </I>and the
<I>Radiocommunication Act</I>, a parent corporation may have up to 33 1/3% of its voting shares owned by
non-Canadians. Neither the licensed carrier company nor the parent holding corporation (such as the
Company) can be otherwise controlled by non-Canadians.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In order to ensure that the Company and any Canadian corporation in which the Company has a direct
or indirect interest remains qualified to hold or obtain any cable television, broadcasting or
telecommunications licence or authority to operate a similar undertaking pursuant to the
Telecommunications Legislation and to ensure that the Corporation and any Canadian corporation in
which the Company has an interest is not in breach of the Telecommunications Legislation or any
licences issued to it or to any Canadian subsidiary, associate or affiliate of it under the
Telecommunications Legislation, the existing Articles of the Corporation impose certain
restrictions on the issue and transfer of the Company&#146;s shares and the exercise of voting rights
attached thereto. A copy of the text of such restrictions may be obtained from the Secretary of the
Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If in the opinion of the Board of Directors circumstances arise in the future that may jeopardize
the ability of the Company and its subsidiaries to be qualified to hold and obtain licences in
Canada, the restrictions on transfer, voting and issue of shares contained in the Articles of the
Company will be invoked.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On November&nbsp;19, 2002, the Minister of Industry announced that the Government of Canada will review
the restrictions on foreign ownership applicable to the telecommunications sector. In February
2003, RWI appeared before the Parliamentary Standing Committee on Industry, Science and Technology
and filed a brief in support of elimination of the restrictions. RCCI, another subsidiary of the
Company, also made representations in favour of elimination of the foreign ownership restrictions
on cable television companies. A similar submission had been made by the Company in February of
2002 to the Standing Committee on Canadian Heritage urging the removal of restrictions on foreign
ownership applicable to cable television companies. On April&nbsp;28, 2003, the Standing Committee on
Industry, Science and Technology released a report to Parliament in which it recommended the
removal of all Canadian ownership requirements applicable to telecommunications common carriers,
which would include wireless carriers such as RWI and entities such as the Company that have a
direct or indirect interest in such carriers. This report also recommended that any changes made to
the Canadian ownership requirements for telecommunications common carriers be extended to cable
television companies, such as RCCI. However, a second report issued by the Standing Committee on
Canadian Heritage in June, 2003, has expressed concerns that changes in ownership restrictions for
either telecommunications common carriers or cable television companies could have an adverse
impact on the Canadian broadcasting system. Given these conflicting reports, the Government of
Canada has indicated that it will try to reconcile the conflicting recommendations prior to taking
any legislative action. This reconciliation process is currently underway. It is not yet known
whether the Government of Canada will decide to amend the Telecommunications Legislation to relax
or eliminate the restrictions on either wireless carriers (such as RWI) or cable television
companies (such as RCCI) that distribute broadcasting services and provide internet and other
telecommunications services to the public.
</DIV>


<P align="center" style="font-size: 10pt">13
</DIV>

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<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>Item
- -7.3 &#151; Ratings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since November&nbsp;8, 2004, Moody&#146;s Investors Service rated RCI&#146;s public senior unsecured debt B3 with
a Corporate Family Rating of Ba3. The ratings for the senior secured and senior subordinated public
debt of each of Cable and Wireless were Ba3 and B2 respectively. All ratings had a stable outlook.
On October&nbsp;31, 2005, Moody&#146;s placed all of the Rogers public debt ratings under review for a
possible upgrade. On February&nbsp;17, 2006 Moody&#146;s increased the ratings on all of the Rogers public
debt. The Corporate Family Rating was increased to Ba2. The rating for the public senior secured
debt of each of Cable and Wireless was increased to Ba2 while the rating for the senior
subordinated public debt at Wireless was increased to Ba3. All of these ratings have a positive
outlook. There are no ratings for RCI senior unsecured debt, Cable senior subordinated debt or
Telecom senior secured debt since all such debt had been repaid prior to the ratings revision by
Moody&#146;s on February&nbsp;17, 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On October&nbsp;27, 2005, Standard &#038; Poor&#146;s Ratings Service revised its outlook on all of the Rogers
public debt to positive from stable. This was the only change in the ratings since they were
lowered by Standard &#038; Poor&#146;s on November&nbsp;8, 2004. RCI&#146;s corporate credit rating is BB with a rating
for public senior unsecured debt of B&#043;. The rating for senior secured public debt of Cable and
Wireless is BB&#043; and BB respectively while the rating for senior subordinated debt for each of Cable
and Wireless is B&#043;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The credit ratings assigned by Fitch Ratings on the Wireless senior secured and senior subordinated
public debt have not changed since November&nbsp;12, 2004. They are BB&#043; and BB- respectively, with a
stable outlook. On June&nbsp;10, 2005 Fitch affirmed the Wireless ratings and initiated coverage of RCI
and Cable. Cable&#146;s senior secured and senior subordinated public debt was assigned the same
ratings as those of Wireless while RCI senior unsecured debt was rated BB-. All ratings have a
stable outlook.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Credit ratings are intended to provide investors with an independent measure of credit quality of
an issue of securities. Ratings for debt instruments range from AAA, in the case of S&#038;P and Fitch,
or Aaa in the case of Moody&#146;s, which represent the highest quality of securities rated, to D, in
the case of S&#038;P, C, in the case of Moody&#146;s and Substantial Risk in the case of Fitch, which
represent the lowest quality of securities rated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The credit ratings accorded by the rating agencies are not recommendations to purchase, hold or
sell the rated securities inasmuch as such ratings do not comment as to market price or suitability
for a particular investor. There is no assurance that any rating will remain in effect for any
given period of time or that any rating will not be revised or withdrawn entirely by a rating
agency in the future if in its judgment circumstances so warrant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 8 &#151; MARKET FOR SECURITIES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">RCI Class&nbsp;A Voting shares (RCI.MV.A, CUSIP # 775109101) are listed on the Toronto Stock Exchange.
RCI Class&nbsp;B Non-Voting shares (in Canada: RCI.NV.B, in United States: RG, CUSIP # 775109200) are
listed in Canada on the Toronto Stock Exchange and in the United States on the New York Stock
Exchange.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.1
&#151; Trading Price and Volume</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth, for the periods indicated, the reported high and low prices and
volume traded on the Toronto Stock Exchange for RCI Class&nbsp;A Voting shares and RCI Class&nbsp;B
Non-Voting shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>RCI.MV.A</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="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>&nbsp;&nbsp;&nbsp;Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>High</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Low</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Close</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Volume Traded</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">34.55</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">31.55</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">33.77</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">30,971</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38.60</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">34.20</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">34.50</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">33,083</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">36.45</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">34.02</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">35.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38,427</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">37.90</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">34.12</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">37.90</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">15,065</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">40.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">37.33</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">40.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">20,592</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">43.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">39.46</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">42.89</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">8,073</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">50.19</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">42.01</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">48.25</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">16,827</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.02</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.50</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">14,973</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">14
</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="25%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>&nbsp;&nbsp;&nbsp;Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>High</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Low</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Close</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Volume Traded</B></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">51.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.02</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">50.93</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">28,645</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">54.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">48.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">50.75</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">111,191</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">50.97</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.31</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">48.47</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">136,836</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">54.50</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.61</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">53.38</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">27,610</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>RCI.NV.B</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="22%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>&nbsp;&nbsp;&nbsp;Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>High</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Low</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Close</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Volume Traded</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">34.37</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">30.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">33.25</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">25,280.955</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">36.20</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">32.94</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">33.45</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">18,579.188</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">34.95</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">32.30</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">32.93</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13,396,307</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">36.37</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">32.63</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">36.25</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">15,128,100</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38.21</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">35.65</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38.00</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">18,054,254</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">41.15</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">37.80</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">40.20</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">16,596,286</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.95</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">39.11</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.25</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">25,660,337</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.50</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">43.60</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">44.03</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13,872,451</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">48.69</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">43.70</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">45.76</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">17,250,989</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49.60</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">46.08</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">46.60</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">23,835,813</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">48.68</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">43.80</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">44.69</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">21,443,788</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:15px; text-indent:-15px">2005/12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49.50</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">43.69</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49.20</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">19,817,492</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.2
&#151; Prior Sales</B>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9 &#151; ESCROWED SECURITIES</B>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 10 &#151; DIRECTORS AND OFFICERS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Following is a list of directors and executive officers of the Company prepared as of December&nbsp;31,
2005, indicating their municipality, province or state and country of residence and their principal
occupation(s) within the five preceding years. Each director is elected at the annual meeting of
shareholders to serve until the next annual meeting or until a successor is duly elected unless,
prior thereto, he or she resigns or his or her office becomes vacant by death or other cause under
applicable law. Officers are appointed by, and serve at the discretion of, the Board of Directors.
</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="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">H. Garfield Emerson, Q.C. (2)(3)(4)(6)(11)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and Chairman</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Philip B. Lind
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and Vice Chairman</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Edward S. Rogers, O.C. (2)(3)(6)(7)(12)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and President and Chief Executive Officer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Alan D. Horn (8)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Finance and Chief Financial Officer</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronan D. McGrath
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Rogers Shared Operations and Chief Information Officer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Nadir H. Mohamed(5)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and President and Chief Operating Officer, Communications
Group</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Edward Rogers (2)(6)(7)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and Senior Vice President, Communications Group</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert W. Bruce
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Communications Group</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Stephen Graham
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Corporate Marketing and Convergence</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Randall J. Reynolds
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Communications Group</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Anthony P. Viner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Media</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William L. Linton (9)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">James S. Lovie
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Consumer Sales and Service</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">David P. Miller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, General Counsel and Secretary</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">15
</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="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kevin P. Pennington
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Chief Human Resources Officer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Melinda M. Rogers (5)(7)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and Vice President, Strategic Planning and Venture Investments</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald D. Besse (1)(4)(5)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">C. William D. Birchall (1)(6)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Thomas I. Hull (2)(3)(4)(6)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Hon. David R. Peterson, P.C., Q.C.
(5)(10)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Loretta A. Rogers (7)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William T. Schleyer (4)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Peter C. Godsoe, O.C. (2)(4)(6)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John A. Tory, Q.C. (2)(3)(4)(6)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">J. Christopher C. Wansbrough (1)(2)(5)(6)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Colin D. Watson (1)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left">
<DIV style="font-size: 1pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</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">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Denotes member of Audit Committee.</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">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Denotes member of Executive Committee.</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">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Denotes member of the Nominating and Corporate Governance Committee.</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">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Denotes member of the Compensation Committee.</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">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Denotes member of the Pension Committee.</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">(6)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Denotes member of the Finance Committee.</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">(7)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Loretta A. Rogers is married to Edward S. Rogers. Edward Rogers is the son and Melinda Rogers
is the daughter of Edward S. Rogers and Loretta A. Rogers.</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">(8)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mr.&nbsp;Horn will be nominated to be elected a director of the Corporation at the April&nbsp;25, 2006
Annual General Meeting. Mr.&nbsp;Horn will resign as Vice President, Finance and Chief Financial
officer of the Corporation and be appointed Vice Chairman of the Corporation and President and
Chief Executive Officer of Rogers Telecommunications Limited effective April&nbsp;25, 2006. Mr.
Horn was a director of AT&#038;T Canada Inc., as a representative of the Corporation, when it filed
for bankruptcy protection on October&nbsp;15, 2002.</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">(9)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mr.&nbsp;Linton will be appointed Vice President, Finance and Chief Financial Officer effective
April&nbsp;25, 2006.</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">(10)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mr.&nbsp;Peterson was a director of YBM Magnex International Inc. when the Ontario Securities
Commission issued cease trade orders in May&nbsp;1998. YBM Magnex International Inc. was delisted
from the Toronto Stock Exchange on December&nbsp;15, 1998.</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">(11)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mr.&nbsp;Emerson was a director of Livent Inc. when the Ontario Securities Commission issued a
cease trade order at the request of Livent Inc. in August&nbsp;1998. Livent Inc. was delisted from
the Toronto Stock Exchange on November&nbsp;19, 1999. Mr.&nbsp;Emerson resigned as director of Livent
Inc. in November&nbsp;1998.</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">(12)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mr.&nbsp;Edward S. Rogers, O.C. was a director of At Home Corporation when it filed for Chapter&nbsp;11
protection from creditors in September, 2001 and was cease traded on October&nbsp;1, 2001. At Home
Corporation was delisted from Nasdaq National Market on October&nbsp;22, 2001.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>H. Garfield Emerson, Q.C., ICD.D</B>, 65, resides in Toronto, Ontario, Canada and has been a director
of RCI since November&nbsp;1989 and Chairman of the Board since March&nbsp;1993. Mr.&nbsp;Emerson is also a
director of CAE Inc., Canada Deposit Insurance Corporation, Wittington Investments, Limited, Rogers
Telecommunications Limited and E.S.R. Limited. Mr.&nbsp;Emerson is a member of the Auditing and
Assurance Standards Oversight Council, an independent body established by Canada&#146;s accounting
profession to oversee the activities of the Auditing and Assurance Standards Board. Mr.&nbsp;Emerson is
a member of the Directors in Residence faculty of The
Directors College, an accredited director of The Institute of Corporate Directors and an evaluator
for the ICD Certification Oral Examination. He has completed the Directors Education Program,
jointly sponsored by the ICD Corporate Governance College and the Rotman School of Management
(University of Toronto), and the Corporate Governance Training Program for Directors of Crown
Corporations sponsored by the Privy Council Office and certified by the Schulich Executive
Education Centre (York University). Mr.&nbsp;Emerson is the founding and former Chair of the Sunnybrook
&#038; Women&#146;s Foundation and past Chair of the Campaign for Victoria
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">University in the University of Toronto. His former directorships include Marathon Realty Company Limited, Genstar Capital Corp.,
the University of Toronto Asset Management Corporation and Sunnybrook &#038; Women&#146;s College Health
Sciences Centre. His former memberships include the Business Board of the University of Toronto,
University of Toronto President&#146;s Investment Advisory Committee, National Board of the Canadian
Council of Christians and Jews, Canadian Psychiatric Research Foundation, and the Canadian Club of
Toronto. Mr.&nbsp;Emerson joined Fasken Martineau DuMoulin LLP, a national law firm, in August, 2001 as
National Chair. In 1990, Mr.&nbsp;Emerson established NM Rothschild &#038; Sons Canada Limited, an investment
banking firm affiliated with the Rothschild international investment and merchant bank, and, from
1990 to 2001, served as its President and Chief Executive Officer. Prior to this, Mr.&nbsp;Emerson
practiced law as a senior partner with Davies, Ward &#038; Beck, Toronto, from 1970 to 1990. Mr.&nbsp;Emerson
holds an Honours B.A. (History) and LL.B., University of Toronto, was called to the Bar of Ontario
in 1968 and appointed Queen&#146;s Counsel in 1980.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Philip B. Lind, C.M.</B>, 62, resides in Toronto, Ontario, Canada and has been a director of RCI since
February, 1979. Mr.&nbsp;Lind is Vice-Chairman of RCI. Mr.&nbsp;Lind joined RCI in 1969 as Programming Chief
and has served as Secretary of the Board and Senior Vice-President, Programming and Planning. Mr.
Lind is also a director of Brookfield Asset Management Inc., Canadian General Tower Limited,
Council for Business and the Arts, The Outdoor Life Network and the Power Plant (Contemporary Art
Gallery at Harbourfront). Mr.&nbsp;Lind is a former member of the Board of the National Cable
Television Association in the U.S. and is a former Chairman and currently serves on the Board of
the Canadian Cable Television Association. He is also Chairman of the Board of the CCPTA (Channel
17, WNED). Mr.&nbsp;Lind holds a B.A. (Political Science and Sociology) University of British Columbia
and a M.A. (Political Science), University of Rochester. In 2002, he received a Doctor of Laws,
honoris causa, from the University of British Columbia. In 2002, Mr.&nbsp;Lind was appointed to the
Order of Canada.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Edward &#147;Ted&#148; S. Rogers, O.C.</B>, 72, resides in Toronto, Ontario, Canada and has been a director and
President and Chief Executive Officer of RCI since January&nbsp;1979. Mr.&nbsp;Rogers is also a director and
President and Chief Executive Officer of Rogers Telecommunications Limited, E.S.R. Limited.. Mr.
Rogers also serves as a director of Cable Television Laboratories, Inc. Mr.&nbsp;Rogers holds a B.A.,
University of Toronto, LL.B., Osgoode Hall Law School, and was called to the Bar of Ontario in
1962. Mr.&nbsp;Rogers was appointed an Officer of the Order of Canada in 1990 and inducted into the
Canadian Business Hall of Fame in 1994. In 2002, Mr.&nbsp;Rogers was inducted into the U.S. Cable Hall
of Fame.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Alan D. Horn</B>, 54, resides in Toronto, Ontario, Canada. Mr.&nbsp;Horn has been Vice-President, Finance
and Chief Financial Officer of the Corporation from September&nbsp;1996. Mr.&nbsp;Horn will be appointed
Vice-Chairman of the Corporation as well as President and Chief Executive Officer of Rogers
Telecommunications Limited on April&nbsp;25, 2006. Mr.&nbsp;Horn was President and Chief Operating Officer of
Rogers Telecommunications Limited from 1990 to 1996. Mr.&nbsp;Horn is a Chartered Accountant. Mr.&nbsp;Horn
is also a director of ATI Technologies Inc., Rogers Telecommunications Limited and E.S.R. Limited.
Mr.&nbsp;Horn received a B.S.C. with First Class&nbsp;Honours in Mathematics from the University of Aberdeen,
Scotland.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Ronan D. McGrath </B>resides in Toronto, Ontario, Canada and has been President, Rogers Shared
Operations and Chief Information Officer of RCI since 1996. Prior to that he was Chief Information
Officer for Canadian National Railways since 1991. He had previously been Chief Accounting Officer
and Controller of CN since 1988, which he joined in 1979.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Nadir Mohamed</B>, 49, resides in Toronto, Ontario, Canada and has been a director of RCI since May,
2005. Mr.&nbsp;Mohamed has been President and Chief Operating Officer, Communications Group of RCI since
May&nbsp;2005. Mr.&nbsp;Mohamed joined RCI in August&nbsp;2000 as President and Chief Operating Officer of Rogers
Wireless Inc. and served as President and Chef Executive Officer of Rogers Wireless Inc. from July
2001 to May&nbsp;2005. Prior to joining Rogers Wireless, Mr.&nbsp;Mohamed served as Senior Vice President,
Marketing for Telus Communications Inc. from February, 1999 to August&nbsp;2000. Between August&nbsp;1997
and January&nbsp;1999 Mr.&nbsp;Mohamed was President and Chief Operating Officer of BC Tel Mobility. Mr.
Mohamed is also a director of the GSM Association, Sierra Wireless, Inc. and Cinram International
Inc. Mr.&nbsp;Mohamed holds an undergraduate degree from the University of British Columbia and is a
Chartered Accountant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Edward Rogers</B>, 36, resides in Toronto, Ontario, Canada and has been a director of RCI since May
1997. Mr.&nbsp;Rogers is President
Rogers Cable Communications Inc. Mr.&nbsp;Rogers also serves as a director of Futureway Communications
Inc. Previously, he worked for Comcast Corporation, Philadelphia, 1993-1996, and has served as
Vice-President and General Manager, Paging, Data and Emerging Technologies, Rogers Wireless Inc.,
1996-1998; Vice-President and General Manager, GTA, Rogers Cable Inc., 1998-2000; and Senior
Vice-President, Planning and Strategy, RCI, 2000-2002. Mr.&nbsp;Rogers holds a B.A., University of
Western Ontario.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Robert W. Bruce, </B>resides in Toronto, Ontario, Canada and has served as President, Rogers Wireless
Inc. since June&nbsp;2005. Mr.&nbsp;Bruce joined Rogers Wireless in September&nbsp;2001 as Executive Vice
President and Chief Marketing Officer. Prior to joining Rogers Wireless Mr.&nbsp;Bruce was Senior Vice
President, of Marketing at BCE Mobile Communications. Prior to joining BCE Mobile Communications
he held operating and marketing roles with Pepsi-Cola Canada, Oshawa Foods Limited and Warner
Lambert. Mr.&nbsp;Bruce holds an MBA in Marketing and Finance from Queen&#146;s University and a Master of
Science degree from University of Waterloo.
</DIV>


<P align="center" style="font-size: 10pt">17
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Randall J. Reynolds, </B>resides in Toronto, Ontario, Canada and has served as President, Rogers
Business Solutions, a division of RCI since December&nbsp;2005. Prior to joining Rogers, Mr.&nbsp;Reynolds
was the President and Chief Executive Officer of BCE Mobile. Mr.&nbsp;Reynolds has also served as
President and Chief Executive Officer of Bell Nexxia and Bell West. Mr.&nbsp;Reynolds holds a Masters
of Science from Massachusetts Institute of Technology and a Bachelor of Science (Engineering) from
Queen&#146;s University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Anthony P. Viner </B>resides in Toronto, Ontario, Canada and has served as Senior Vice President, Media
of RCI since 1995. From 1992 to 1995, Mr.&nbsp;Viner served as Senior Vice President, Broadcasting of
RCI. Mr.&nbsp;Viner serves as President and Chief Executive Officer of Rogers Media Inc. Mr.&nbsp;Viner
joined Rogers Broadcasting Limited as Executive Vice President and General Manager of CFTR/CHFI in
February&nbsp;1982 and, in September&nbsp;1989, was appointed President of Rogers Broadcasting Limited.
Since February&nbsp;2002, Mr.&nbsp;Viner has been Chief Executive Officer of Rogers Broadcasting Limited.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Stephen Graham </B>resides in Toronto, Ontario, Canada and was appointed Executive Vice President,
Corporate Marketing and Convergence for RCI in January&nbsp;2006. Prior to joining Rogers, Mr.&nbsp;Graham
served as Executive Vice President, Personal and Small Business Banking and Chief Marketing
Officer, CIBC. Mr.&nbsp;Graham served as Worldwide Vice President Marketing for AT&#038;T (U.S.) from 1996
to 2000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>William W. Linton</B>, resides in Toronto, Ontario, Canada and has served as Executive Vice President
of RCI since July&nbsp;2005 when Rogers acquired Call-Net Enterprises Inc. Prior to joining Rogers Mr.
Linton served as President and Chief Executive Officer of Call-Net Enterprises Inc. from 2000 to
July&nbsp;2005. Effective April&nbsp;25, 2006, Mr.&nbsp;Linton will be appointed Vice-President, Finance and Chief
Financial Officer of RCI. Mr.&nbsp;Linton has also served as President and Chief Executive Officer of
Prior Data Sciences Inc. (1999 &#150; 2000) and Executive Vice President and Chief Financial Officer of
SHL Systemhouse Inc. (1994 &#150; 1999).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>James S. Lovie</B>, a resident of Aurora, Ontario, was appointed Executive Vice President, Consumer
Sales and Service in May, 2005. Previously, he served as Executive Vice President, Sales, Service
and Distribution of Wireless. Prior to his appointment with us, Mr.&nbsp;Lovie served as President and
Chief Operating Officer of Axxent Corporation (a CLEC company), prior to which Mr.&nbsp;Lovie served as
President and Chief Executive Officer of cMeRun Corp. (Internet company). From 1998 to 2000, Mr.
Lovie served as President and Chief Executive Officer of Bell Distribution Inc. (Bell Canada&#146;s
retail distribution company).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>David P. Miller </B>resides in Toronto, Ontario, Canada and has served as Vice President, General
Counsel of RCI since 1987 and as Secretary of RCI since 2002. Mr.&nbsp;Miller has also served as Vice
President, General Counsel and Secretary of Wireless since 1991.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Melinda M. Rogers</B>, resides in Toronto, Ontario, Canada and has been a director of RCI since May
2002. Ms.&nbsp;Rogers also serves as a director The Ontario Media Development Corporation, iBAHN
(formerly STSN Inc.) and the Jays Care Foundation. Ms.&nbsp;Rogers was appointed Vice-President, Venture
Investments of RCI in September&nbsp;2000 and Vice President, Strategic Planning and Venture Investments
in May&nbsp;2004. Prior to joining RCI, Ms.&nbsp;Rogers was a Product Manager for Excite@Home, Redwood City,
California. Ms.&nbsp;Rogers holds a B.A., University of Western Ontario, and an M.B.A., University of
Toronto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Kevin P. Pennington</B>, resides in Toronto, Ontario, Canada and has served as the Senior Vice
President, Chief Human Resources Officer of RCI since November&nbsp;2005. Prior to joining RCI Mr.
Pennington served as Senior Vice President, Human Resources for Agere Systems, a spin-off of Lucent
Technologies. Mr.&nbsp;Pennington holds a Master of Science, Human Resources as well as a Bachelor of
Science, Behavioural Management, from Shippensburg University, PA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Ronald D. Besse</B>, 67, resides in Toronto, Ontario, Canada and has been a director of RCI since June
1984. Mr.&nbsp;Besse was formerly Chairman, President and Chief Executive Officer, Gage Learning
Corporation (an educational publisher). Mr.&nbsp;Besse is also a director of C.I. Financial Inc. Mr.
Besse graduated from Ryerson University, Business Administration, 1960 and was awarded the Alumni
Award of Distinction, Business Administration, 1998 and an Honorary Doctorate of Commerce in 2004.
Mr.&nbsp;Besse is a member of the Chief Executives&#146; Organization, World Presidents&#146; Organization, and is
a past President of the Canadian Book Publishers&#146; Council.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Charles William David Birchall</B>, 63, resides in Toronto, Ontario, Canada. Mr.&nbsp;Birchall serves as a
director and Vice Chairman of Barrick Gold Corporation; Chairman of Barrick International Banking
Corporation and Chief Executive Officer of ABX Financeco Inc.; subsidiaries of Barrick Gold
Corporation. Mr.&nbsp;Birchall has served as Vice Chairman of TrizecHahn Corporation (1996 to 2001)
and is a director of Trizec Canada Inc. Mr.&nbsp;Birchall is a Fellow of the United Kingdom Institute
of Chartered Accountants (1963).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Thomas I. Hull</B>, 73, resides in Toronto, Ontario, Canada and has been a director of RCI since
February&nbsp;1979. Mr.&nbsp;Hull has been Chairman and Chief Executive Officer of The Hull Group of
Companies, an insurance firm, since 1954. Mr.&nbsp;Hull is also a director of Rogers Telecommunications
Limited and E.S.R. Limited. Mr.&nbsp;Hull is a graduate of Upper Canada College and the Insurance Co. of
</DIV>


<P align="center" style="font-size: 10pt">18
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">North America College of Insurance and Risk Management. Mr.&nbsp;Hull is a life member of the
Canadian Association of Insurance and Financial Advisors and past president of the Life
Underwriters&#146; Association of Toronto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The Hon. David R. Peterson, P.C., Q.C.</B>, 62, resides in Toronto, Ontario, Canada and has been a
director of RCI since April&nbsp;1991. Mr.&nbsp;Peterson is a senior partner and Chairman of the law firm
Cassels Brock &#038; Blackwell LLP. Mr.&nbsp;Peterson also serves as a director of a number of companies
including Ivanhoe Cambridge Inc., Industrielle Alliance Assurance Company and Shoppers Drug Mart as
well as The University of Toronto, St. Michael&#146;s Hospital and the Shaw Festival. Mr.&nbsp;Peterson
holds a B.A. and LL.B., University of Toronto, was called to the Bar of Ontario in 1969, appointed
Queen&#146;s Counsel in 1980, and summoned by Her Majesty to the Privy Council in 1992.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Loretta A. Rogers</B>, 66, resides in Toronto, Ontario, Canada and has been a director of RCI since
December&nbsp;1979. Mrs.&nbsp;Rogers also serves as a director of Rogers Telecommunications Limited, E.S.R.
Limited and Sheena&#146;s Place. Mrs.&nbsp;Rogers holds a B.A., University of Miami and an honourary
Doctorate of Laws, University of Western Ontario.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>William T. Schleyer</B>, 54, is an American citizen who resides in Rye Beach, New Hampshire, United
States of America and has been a director of RCI since August&nbsp;1998. Mr.&nbsp;Schleyer was appointed
Chairman and Chief Executive Officer of Adelphia Communications Corp., a cable television and
Internet access provider, in January&nbsp;2003, prior to which Mr.&nbsp;Schleyer served as President and
Chief Executive Officer, AT&#038;T Broadband, a cable television and Internet service provider from 2001
to 2003. From February&nbsp;2000 to October&nbsp;2001, Mr.&nbsp;Schleyer was a principal in Pilot House Ventures,
an investment firm, where he served as a liaison between investors and entrepreneurs. Prior to
February&nbsp;2000, Mr.&nbsp;Schleyer served as President and Chief Operating Officer of MediaOne, the
broadband services arm of U.S. West Media Group, and as President and Chief Operating Officer of
Continental Cablevision, Inc. before that company&#146;s merger with U.S. West in 1996. Mr.&nbsp;Schleyer
holds a B.A., Mechanical Engineering, Drexel University and an M.B.A., Harvard Business School.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Peter C. Godsoe, O.C.</B>, 67, resides in Toronto, Ontario, Canada and has been a director of RCI since
October, 2003. Mr.&nbsp;Godsoe has served as Chairman (1995), Chief Executive Officer (1993), President
and Chief Operating Officer (1992)&nbsp;and Vice-Chairman (1982), of The Bank of Nova Scotia since 1966
until his retirement on March&nbsp;2, 2004. Mr.&nbsp;Godsoe is Chairman of Fairmont Hotels &#038; Resorts and
Sobeys Inc. His corporate directorships include Barrick Gold Corporation, Ingersoll-Rand Company,
Lonmin PLC, Onex Corporation and Templeton Emerging Markets Investment Trust. Mr.&nbsp;Godsoe holds a
B.Sc. (Mathematics and Physics) from the University of Toronto and an M.B.A. from the Harvard
Business School. He 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"><B>John A. Tory, Q.C.</B>, 76, resides in Toronto, Ontario, Canada and has been a director of RCI since
December&nbsp;1979. Mr.&nbsp;Tory is President of Thomson Investments Limited. Mr.&nbsp;Tory also serves as a
director of Rogers Telecommunications Limited, E.S.R. Limited, The Thomson Corporation, The
Woodbridge Company Limited and Abitibi-Consolidated Inc. Mr.&nbsp;Tory was educated at University of
Toronto Schools, Toronto, Phillips Academy, Andover, Massachusetts, and University of Toronto and
holds an LL.B., University of Toronto. Mr.&nbsp;Tory was called to the Bar of Ontario in 1954 and
appointed Queen&#146;s Counsel in 1965.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>J. Christopher C. Wansbrough</B>, 73, resides in Toronto, Ontario, Canada and has been a director of
RCI since December&nbsp;1982. Mr.&nbsp;Wansbrough has served as Chairman and director of Rogers
Telecommunications Limited, E.S.R. Limited, since December&nbsp;1997. Mr.&nbsp;Wansbrough also served as
President of National Trust Company from 1977 to 1986, Vice Chairman from 1986 to 1991 and Chairman
of the Board of Omers Realty Corporation from 1989 to 1997. Mr.&nbsp;Wansbrough serves as a director of
United Corporations Limited and Lake Simcoe Conservation Foundation. Other affiliations include
Chairman of the Board of the R.S. McLaughlin Foundation. Mr.&nbsp;Wansbrough holds a B.A., University of
Toronto, and is a Chartered Financial Analyst.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Colin D. Watson</B>, 64, resides in Toronto, Ontario, Canada, Mr.&nbsp;Watson was elected a director of RCI
in May&nbsp;2004. Mr.&nbsp;Watson was President and Chief Executive Officer of Vector Aerospace Corporation,
an aviation services firm, from November&nbsp;2003 to January&nbsp;2005. Mr.&nbsp;Watson served as Vice-Chairman
of Spar Aerospace Limited, an aviation services firm, from January&nbsp;2000 to January&nbsp;2002. From 1996
to 1999, Mr.&nbsp;Watson served as President and Chief Executive Officer of Spar Aerospace Limited and
from 1999 to 2000, as its Vice Chairman and Chief Executive Officer. Prior to 1996, Mr.&nbsp;Watson was
President and Chief Executive Officer of Rogers Cable Inc. Mr.&nbsp;Watson also serves as a director of
a number of other companies, including Vector Aerospace Corporation, Cygnal Technologies Corp., B
Split II Corporation, NorthStar Aerospace, Great Lakes Carbon Income Fund, Louisiana-Pacific
Corporation, Arpeggio Acquisition Corp., Pelmorex Inc. and Mason Capital. Mr.&nbsp;Watson holds a
B.A.Sc. (Mechanical Engineering), University of British Columbia and an M.B.A. Ivey Business
School, University of Western Ontario.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As at December&nbsp;31, 2005, RCI&#146;s directors and officers as a group owned or controlled, directly or
indirectly, an aggregate 51,732,459 Class&nbsp;A Voting shares of RCI, representing approximately 92.0%
of the issued and outstanding Class&nbsp;A Voting shares of RCI.
</DIV>


<P align="center" style="font-size: 10pt">19
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 11 &#151; PROMOTERS</B>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 12 &#151; LEGAL PROCEEDINGS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On August&nbsp;9, 2004, a proceeding under the Class&nbsp;Actions Act (Saskatchewan) was brought against
providers of wireless communications in Canada, including Wireless and Microcell. The proceeding
involves allegations by wireless customers of breach of contract, misrepresentation and false
advertising arising out of the charging of system access fees. The plaintiffs seek unquantified
damages from the defendant wireless communications service providers. The proceeding has not been
certified as a class action and it is too early to determine whether the proceeding will qualify
for certification as a class action. Similar proceedings have also been brought against us and
other providers of wireless communications in various provinces across Canada. In addition, on
December&nbsp;9, 2004, RCI were served with a court order compelling us to produce certain records and
other information relevant to an investigation initiated by the Commissioner of Competition under
the misleading advertising provisions of the Competition Act with respect to our system access fee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On April&nbsp;21, 2004, a proceeding was brought against Fido (previously Microcell Solutions Inc.) and
others alleging breach of contract, breach of confidence, misuse of confidential information,
breach of a duty of loyalty, good faith and to avoid a conflict of duty and self interest, and
conspiracy. The proceeding involves Fido&#146;s Inukshuk fixed wireless venture. The plaintiff is
seeking damages in the amount of $160&nbsp;million. The proceeding is at an early stage.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">RCI are and may from time to time be named as a defendant in other legal actions arising in the
ordinary course of our business, including claims arising out of our dealer arrangements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 13 &#151; INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During 2005, with the approval of the Board of Directors, the Company entered into an arrangement
to sell to our controlling shareholder, for $13&nbsp;million in cash, the shares in two wholly-owned
subsidiaries whose only asset will consist of tax losses aggregating approximately $100&nbsp;million.
The terms of the transaction were reviewed and approved by a special committee of the Board
comprised of independent directors. The special committee was advised by independent counsel and
engaged an accounting firm as part of their review to ensure that the sale price was within a range
that would be fair from a financial point of view. The sale of the tax losses will be completed by
mid 2006.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM
14 &#151; TRANSFER AGENTS AND REGISTRARS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Canadian Transfer Agent and Registrar is Computershare Trust Company of Canada, 100 University
Avenue, 9<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Toronto, Ontario, M5J 2Y1. The registers are located at Toronto,
Montreal, Halifax, Calgary and Vancouver. The United States Transfer Agent and Registrar is
Computershare Trust Company, Inc., 350 Indiana Street, Suite&nbsp;800, Golden, Colorado, 80401 The
registers are located at New York and Denver.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 15 &#151; MATERIAL CONTRACTS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On October&nbsp;13, 2004, the Company and certain lenders entered into a bridge credit agreement,
extending credit in the amount of $1,750,000,000&nbsp;million to assist RCI and its affiliates in the
completion of the transactions described above under the heading &#147;Significant Acquisitions&#148;. All
amounts borrowed by the Company pursuant to this bridge credit agreement were repaid on December
31, 2004.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On May&nbsp;11, 2005 the Company entered into a support agreement with Call-Net Enterprises Inc.
pursuant to which the Company
</DIV>


<P align="center" style="font-size: 10pt">20
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">agreed to make an offer to acquire all of the issued and outstanding
shares of Call-Net in a share-for-share exchange of one RCI Class&nbsp;B Non-Voting share for 4.25
Call-Net shares. The Call-Net Board of Directors agreed to support the transaction. The Company
acquired control of Call-Net on July&nbsp;1, 2005.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On January&nbsp;6, 2006 the Company completed the acquisition of certain real estate assets in Brampton,
Ontario, Canada for $96.3&nbsp;million in cash, net of adjustments, and including taxes and title
insurance. The total purchase price for the acquisition was $99.3&nbsp;million including a $3.0&nbsp;million
deposit made in 2005.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 16 &#151; INTEREST OF EXPERTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;16.1
&#151; Name of Experts</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our auditor is KPMG LLP, Chartered Accountants, Yonge Corporate Centre, 4100 Yonge Street, North
York, Ontario, M2P 2H3.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;16.2
&#151; Interest of Experts</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s auditors are KPMG LLP, who are independent with respect of RCI and
its subsidiaries within the meaning of the Rules of Professional Conduct of the Institute of
Chartered Accountants of Ontario. Further, KPMG LLP are independent public accountants with
respect to the Company and its subsidiaries within the meaning of the Securities Acts administered
by the Securities and Exchange Commission (&#147;SEC&#148;) and the requirements of the Independence
Standards Board.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 17 &#151; AUDIT COMMITTEE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;&nbsp;17.1
&#151; Audit Committee Charter</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Purpose Of Audit Committee</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee shall assist the Board of Directors (the &#147;Board&#148;) of Rogers Communications Inc.
(the &#147;Company&#148;) in fulfilling its oversight responsibilities in the following principal areas: (i)
accounting policies and practices, (ii)&nbsp;the financial reporting process, (iii)&nbsp;financial statements
provided by the Company to the public, (iv)&nbsp;the systems of internal accounting and financial
controls, (v)&nbsp;the qualifications, independence, appointment and oversight of the work of the
external auditors, (vi)&nbsp;the qualifications and performance of the internal auditors, and (vii)
compliance with applicable legal and regulatory requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to the responsibilities specifically enumerated in this Charter, the Board may refer to
the Audit Committee such matters and questions relating to the financial position of the Company
and its affiliates as the Board may from time to time see fit.
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee shall consist of at least three directors appointed by the Board as
provided for in the Articles of the
Company. The appointment of members shall occur annually and members are subject to removal or
replacement at any time by the Board. The members shall be selected based upon the following, in
accordance with applicable laws, rules and regulations:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="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="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Independence. </B>Each member shall be independent in accordance with applicable legal and
regulatory requirements and in such regard shall have no direct or indirect material
relationship with the Company which could, in the view of the Board, reasonably interfere
with the exercise of a member&#146;s independent judgment.</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="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financially Literate. </B>Each member shall be financially literate or must become
financially literate within a reasonable period of time after his or her appointment to the
Audit Committee. For these purposes, an individual is financially literate if he or she has
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 the issues that can reasonably be expected to be raised by the Company&#146;s
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="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commitment. </B>In addition to being a member of the Audit Committee and of any audit
committee of any affiliate of the Company, if a member of the Audit Committee is also on the
audit committee of more than two additional public companies,</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">21
</DIV>

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<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%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Board, or the Nominating
and Corporate Governance Committee, shall determine that such simultaneous service does not
impair the ability of such member to serve effectively on the Company&#146;s Audit Committee.</TD>
</TR>

</TABLE>
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Chair of the Audit Committee shall be selected by the Board. If the Chair is not present, the
members of the Audit Committee may designate a Chair for the meeting by majority vote of the
members present. The Secretary of the Company shall be the Secretary of the Audit Committee,
provided that if the Secretary is not present, the Chair of the meeting may appoint a secretary for
the meeting with the consent of the Audit Committee members who are present. A member of the
Committee may be designated as the liaison member to report on the deliberations of the Audit
Committees of affiliated companies.
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The times and locations of meetings of the Audit Committee and the calling of and procedures at
such meetings, shall be determined from time to time by the Audit Committee, in consultation with
management when necessary, provided that there shall be a minimum of four meetings per year. The
Audit Committee shall have sufficient notice in order to prepare for each meeting. Notice of every
meeting shall be given to the external and internal auditors of the Company, and meetings shall be
convened whenever requested by the external auditors or any member of the Audit Committee in
accordance with applicable law.
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agendas for meetings of the Audit Committee shall be developed by the Chair of the Committee
in consultation with management and the corporate secretary, and shall be circulated to Audit
Committee members prior to Committee meetings.
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee shall have the resources and the authority to discharge its responsibilities,
including the authority to engage, at the expense of the Company, outside consultants, independent
legal counsel and other advisors and experts as it determines necessary to carry out its duties,
without seeking approval of the Board or management.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee shall have the authority to conduct any investigation necessary and appropriate
to fulfilling its responsibilities, and has direct access to and the authority to communicate
directly with the external auditors, internal auditors, the general counsel of the Company and
other officers and employees of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The members of the Audit Committee shall have the right for the purpose of performing their duties
to inspect all the books and records of the Company and its subsidiaries and to discuss such
accounts and records and any matters relating to the financial position, risk management and
internal controls of the Company with the officers and external and internal auditors of the
Company and its subsidiaries. Any member of the Audit Committee may require the external or
internal auditors to attend any or every meeting of the Audit Committee.
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s management is responsible for preparing the Company&#146;s financial statements and the
external auditors are responsible for auditing those financial statements. The Committee is
responsible for overseeing the conduct of those activities by the Company&#146;s management and external
auditors, and overseeing the activities of the internal auditors. The Company&#146;s external auditors
are accountable to the Audit Committee, as representatives of the Company&#146;s shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is recognized that members of the Audit Committee are not full-time employees of the Company and
do not represent themselves to be accountants or auditors by profession or experts in the fields of
accounting or auditing or the preparation of financial statements. It is not the duty or
responsibility of the Audit Committee or its members to conduct &#147;field work&#148; or other types of
auditing or accounting reviews or procedures. Each member of the Audit Committee shall be entitled
to rely on (i)&nbsp;the integrity of those persons and organizations within and outside the Company from
whom it receives information, and (ii)&nbsp;the accuracy of the financial and other information provided
to the Audit Committee by such persons or organizations absent actual knowledge to the contrary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The specific responsibilities of the Audit Committee shall include those listed below. The
enumerated responsibilities are not meant to restrict the Audit Committee from examining any
matters related to its purpose.
</DIV>

<P align="center" style="font-size: 10pt">22
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1. Financial Reporting Process and Financial Statements</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="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in consultation with the external auditors and the internal auditors, review the
integrity of the Company&#146;s financial reporting process, both internal and external, and any
major issues as to the adequacy of the internal controls and any special audit steps adopted
in light of material control deficiencies;</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="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review all material transactions and material contracts entered into by the Company (and
any subsidiary) with any insider or related party of the Company, other than officer or
employee compensation arrangements approved or recommended by the Compensation Committee or
director remuneration approved or recommended by the Nominating and Corporate Governance
Committee;</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="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review and discuss with management and the external auditors the Company&#146;s annual audited
consolidated financial statements and its interim unaudited consolidated financial
statements, and discuss with the external auditors the matters required to be disclosed by
generally accepted auditing standards in Canada and the United States, as may be modified or
supplemented, and for such purpose, receive and review an annual report by the external
auditors describing: (i)&nbsp;all critical accounting policies and practices used by the Company,
(ii)&nbsp;all material alternative accounting treatments of financial information within
generally accepted accounting principles that have been discussed with management of the
Company, including the ramifications of the use such alternative treatments and disclosures
and the treatment preferred by the external auditors, and (iii)&nbsp;other material written
communications between the external auditors and management, and discuss such annual report
with the external auditors;</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="2%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>following completion of the annual audit, review with each of management, the external
auditors and the internal auditors any significant issues, concerns or difficulties
encountered during the course of the audit;</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="2%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>resolve disagreements between management and the external auditors regarding financial
reporting;</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="2%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review the interim quarterly and annual financial statements and annual and interim press
releases prior to the release of earnings information;</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="2%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review and be satisfied that adequate procedures are in place for the review of the
public disclosure of financial information by the Company extracted or derived from the
Company&#146;s financial statements, other than the disclosure referred to in (f), and
periodically assess the adequacy of those procedures; 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="2%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>meet separately, periodically, with management, with the internal auditors and with the
external auditors.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2. 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="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require the external auditors to report directly to the Audit Committee;</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="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be directly responsible for the selection, nomination, compensation, retention,
termination and oversight of the work of the
Company&#146;s external auditors engaged for the purpose of preparing or issuing an auditor&#146;s
report or performing other audit, review or attest services for the Company, and in such
regard recommend to the Board the external auditors to be nominated for approval by the
shareholders;</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="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>pre-approve all audit engagements and the provision by the external auditors of all
non-audit services, including fees and terms for all audit engagements and non-audit
engagements, and in such regard the Audit Committee may establish the types of non-audit
services the external auditors shall be prohibited from providing and shall establish the
types of audit, audit related and non-audit services for which the Audit Committee will
retain the external auditors. The Audit Committee may delegate to one or more of its members
the authority to pre-approve non-audit services, provided that any such delegated
pre-approval shall be exercised in accordance with the types of particular non-audit
services authorized by the Audit Committee to be provided by the external auditor and the
exercise of such delegated pre-approvals shall be presented to the full Audit Committee at
its next scheduled meeting following such pre-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="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review and approve the Company&#146;s policies for the hiring of partners and employees and
former partners and employees of the external auditors;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">23
</DIV>

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<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%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>consider, assess and report to the Board with regard to the independence and performance
of the external auditors; 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="2%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>request and review a report by the external auditors, to be submitted at least annually,
regarding the auditing firm&#146;s internal quality-control procedures, any material issues
raised by the most recent internal quality-control review, or peer review, of the auditing
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
external auditors, and any steps taken to deal with any such issues.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>3. Accounting Systems and 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="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>oversee management&#146;s design and implementation of and reporting on internal controls.
Receive and review reports from management, the internal auditors and the external auditors
with regard to the reliability and effective operation of the Company&#146;s accounting system
and internal 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="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review the activities, organization and qualifications of the internal auditors and
discuss with the external auditors the responsibilities, budget and staffing of the internal
audit function.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>4. Legal and Regulatory Requirements</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="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>receive and review timely analysis by management of significant issues relating to public
disclosure and reporting;</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="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review, prior to finalization, periodic public disclosure documents containing financial
information, including the Management&#146;s Discussion and Analysis and Annual Information Form;</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="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prepare the report of the Audit Committee required to be included in the Company&#146;s
periodic filings;</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="2%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review with the Company&#146;s General Counsel legal compliance matters, significant
litigation and other legal matters that could have a significant impact on the Company&#146;s
financial statements; 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="2%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>assist the Board in the oversight of compliance with legal and regulatory requirements.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>5. Additional Responsibilities</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="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discuss policies with respect to risk assessment and risk management;</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="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>establish procedures and policies for the following</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="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the receipt, retention and treatment of complaints received by the Company regarding
accounting, internal accounting controls 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="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the confidential, anonymous submission by employees of the Company of concerns regarding
questionable accounting or auditing 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="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prepare and review with the Board an annual performance evaluation of the Audit
Committee;</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="2%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review earnings guidance provided to analysts and rating agencies;</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="2%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>report regularly to the Board, including with regard to matters such as the quality or
integrity of the Company&#146;s financial statements, compliance with legal or regulatory
requirements, the performance of the internal audit function, and the performance and
independence of the external auditors; 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="2%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>review and reassess the adequacy of the Audit Committee&#146;s Charter on an annual basis.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item&nbsp;17.2
&#151; Composition of the Audit Committee
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following individuals are the members of the Audit Committee, each of whom is considered
to be independent other than Mr.
</DIV>

<P align="center" style="font-size: 10pt">24
</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">Wansbrough:
</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="2%">&nbsp;</TD>
    <TD width="1%">&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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ronald D. Besse (Chairman)</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">C. William D. Birchall</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">J. Christopher Wansbrough</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">Colin D. Watson</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see Item&nbsp;17.5 below with respect to Mr.&nbsp;Wansbrough.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;17.3
&#151; Relevant Education and Experience</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each member of the Audit Committee has the ability to perform his responsibilities as a member of
the Audit Committee based on their education and experience as summarized below:
</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="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mr. Besse (Chair)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">former Chairman, President &#038; Chief Executive Officer, Gage Learning
Corporation;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mr. Birchall
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chartered Accountant; Director &#038; Vice Chairman of Barrick Gold Corporation;
Chairman of Barrick International Banking Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mr. Wansbrough
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chartered Financial Analyst; former President of National Trust Company</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mr. Watson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">former President &#038; Chief Executive Officer of Vector Aerospace Corporation;
former Vice Chairman, President &#038; Chief Executive Officer of Spar Aerospace
Limited</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;17.4
&#151; Reliance on Certain Exemptions</B>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;17.5
&#151; Reliance on the Exemption in Subsection 3.3(2) or Section&nbsp;3.6</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Wansbrough serves as an executive officer of certain private companies which control the
Company. As such, he is considered an &#147;affiliated entity&#148; of the Company, and would therefore not
be independent for purposes of serving on the Audit Committee, pursuant to Multilateral Instrument
52-110. However, Mr.&nbsp;Wansbrough qualifies for an exemption from the independence requirement as,
pursuant to Multilateral Instrument 52-110, the Board has determined that Mr.&nbsp;Wansbrough has no
direct or indirect material relationship with the Company or our subsidiaries or our controlling
shareholder that could reasonably be expected to interfere with the exercise of his independent
judgment as a member of the Audit Committee. The board believes that with Mr.&nbsp;Wansbrough&#146;s
experience, it is in the best interest of the company and its shareholders for Mr.&nbsp;Wansbrough to
serve on the Audit Committee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;17.6
&#151; Reliance on Section&nbsp;3.8</B>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;17.7
&#151; Audit Committee Oversight</B>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;17.8
&#151; Pre-Approval Policies and Procedures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our policy regarding pre-approval of all audit, audit-related and non-audit services is based upon
compliance with the Sarbanes-Oxley Act of 2002, and subsequent implementing rules promulgated by
the SEC.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="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="2%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annually management provides the Audit Committee with a list of the audit-related and
non-audit services that are anticipated to be provided during the year for pre-approval.
The Audit Committee reviews the services with the auditor and management and considers
whether the provision of the service is compatible with maintaining the auditor&#146;s
independence.</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="2%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Management may engage the auditor for specific engagements that are included in the
list of pre-approved services referred to above for engagements if the fees do not exceed
(i) $100,000 per engagement or (ii) $500,000 per quarter.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">25
</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%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Audit Committee delegates authority to the Chairman of the Audit Committee to
approve requests for services not included in the pre-approved list of services or for
services not previously pre-approved by the Audit Committee. Any services approved by the
Chairman will be reported to the full Audit Committee at the next meeting.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A review of all audit and non-audit services and fees rendered to the Company and its subsidiaries
by KPMG LLP is reviewed each quarter by the Audit Committee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;17.9
&#151; External Auditor Service Fee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents fees for professional services rendered by KPMG LLP to us for the
audit of our annual financial statements for 2005 and 2004, and fees billed for other services
rendered by KPMG LLP.
</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" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2004</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit Fees(1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,702,838</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,588,061</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit-related fees(2)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">442,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">759,696</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tax Fees(3)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">721,608</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166,735</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All other fees(4)</DIV></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">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; 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>
</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">$</TD>
    <TD align="right">5,906,846</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">6,514,492</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

</DIV>
<DIV align="left">
<DIV style="font-size: 1pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</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">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consist of fees related to statutory audits, related audit work in connection with
registration statements and other filings with various regulatory authorities, and accounting
consultations related to audited 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="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consist mainly of regulatory audits and reviews, advice relating to compliance with Canadian
and U.S. rules on internal controls and other specified procedures audits.</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">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consist of fees for tax consultation and compliance 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">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consist mainly of fees for French translation.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 18 &#151; ADDITIONAL INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;18.1
&#151; Additional Information</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additional information including directors and officers remuneration and indebtedness,
principal holders of the Company&#146;s securities, options to purchase securities and interest of
insiders and material transactions is contained in the Company&#146;s management information circular
for its most recent annual meeting of shareholders that involved the election of directors.
Additional financial information is provided in the Company&#146;s comparative financial statements for
its most recently completed financial year, including the Notes thereto, and accompanying MD&#038;A.
Detailed information concerning the Company&#146;s significant accounting policies and Canadian and
United States accounting policy differences is presented in
Notes 2 and 23, respectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Secretary of the Company can be contacted at the Company&#146;s principal office, located at 333
Bloor Street East, 10<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Toronto, Ontario, Canada, M4W 1G9 (telephone:
416-935-7777). Additional information relating to RCI is also available on SEDAR at www.sedar.com.
</DIV>



<P align="center" style="font-size: 10pt">26
</DIV>


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'(DX;@0``.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
