-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KqkfZz2k6AfhFmjiJyS1c2rq2BSEyPRBeudY0uafXXY5ZAtkE+eQJzOSl2/oiigq
 vIi8n5zjXk6q110KQFo1Og==

<SEC-DOCUMENT>0000909567-08-000889.txt : 20080804
<SEC-HEADER>0000909567-08-000889.hdr.sgml : 20080804
<ACCEPTANCE-DATETIME>20080801213723
ACCESSION NUMBER:		0000909567-08-000889
CONFORMED SUBMISSION TYPE:	F-9
PUBLIC DOCUMENT COUNT:		18
FILED AS OF DATE:		20080804
DATE AS OF CHANGE:		20080801

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TECK COMINCO LTD
		CENTRAL INDEX KEY:			0000886986
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		F-9
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-152735
		FILM NUMBER:		08986467

	BUSINESS ADDRESS:	
		STREET 1:		200 BURRARD STREET STE 600
		STREET 2:		VANCOUVER BRITISH COLUMBIA CANADA
		CITY:			V6C 3L9
		STATE:			A1
		BUSINESS PHONE:		604 687 1117

	MAIL ADDRESS:	
		STREET 1:		200 BURRARD ST STE 600
		STREET 2:		VANCOUVER BRITISH COLUMBIA
		CITY:			CANADA V6C 3L9
		STATE:			A1
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-9
<SEQUENCE>1
<FILENAME>o41422fv9.htm
<DESCRIPTION>FORM F-9
<TEXT>
<HTML>
<HEAD>
<TITLE>fv9</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As
filed with the Securities and Exchange Commission on August&nbsp;1, 2008</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333&#151;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 6pt">&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: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM F-9</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><B>REGISTRATION STATEMENT UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

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

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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Canada</B><BR>
<I>(Province or other jurisdiction of <BR>
incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1400</B><BR>
<I>(Primary Standard Industrial<BR>
Classification Code Number (if applicable))</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B><BR>
<I>(I.R.S. Employer Identification No.,<BR>
if applicable)</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt"><B>Suite&nbsp;600, 200 Burrard Street, Vancouver, British Columbia, V6C 3L9<BR>
(604)&nbsp;687-1117<BR></B>
<I>(Address and telephone number of Registrant&#146;s principal executive offices)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt"><B>CT Corporation System, 111 Eighth Avenue<BR>
New York, New York 10011<BR>
(212)&nbsp;894-8940<BR></B>
<I>(Name, address (including zip code) and telephone number (including area code) of agent for service in the United States)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt"><I>Copies to:</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Hellen Siwanowicz <BR>
Lang Michener LLP <BR>
BCE Place, P.O. Box 747<BR>
Suite&nbsp;2500, 181 Bay Street <BR>
Toronto, Ontario, Canada <BR>
M5J 2T7<BR>
(416)&nbsp;360-8600</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Peter Rozee<BR>
Teck Cominco Limited<BR>
Suite&nbsp;600, 200 Burrard Street<BR>
Vancouver, British Columbia,<BR>
Canada<BR>
V6C 3L9<BR>
(604)&nbsp;687-1117</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Edwin S. Maynard<BR>
Paul, Weiss, Rifkind, Wharton&nbsp;&#038;<BR>
Garrison LLP<BR>
1285 Avenue of the Americas<BR>New<BR>
York, N.Y. 10019-6064<BR>
(212)&nbsp;373-3000</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Christopher J. Cummings<BR>
Shearman &#038; Sterling LLP<BR>
Commerce Court West<BR>
199 Bay Street, Suite&nbsp;4405<BR>
P.O. Box 247<BR>
Toronto, Ontario, Canada<BR>
M5L 1E8<BR>
(416)&nbsp;360-8484</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Approximate date of commencement of proposed sale to the public: </B>From time to time after the
effective date of this Registration Statement.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Province of British Columbia, Canada</B><BR>
<I>(Principal jurisdiction regulating this offering)</I></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">It is proposed that this filing shall become effective (check appropriate box below):
</DIV>


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">A.</TD>
    <TD width="3%"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>upon filing with the Commission pursuant to Rule 467(a) (if in connection with an offering being made contemporaneously in the United States and
Canada).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">B.</TD>
    <TD width="3%"><FONT face="Wingdings">&#254;</FONT></TD>
    <TD>at some future date (check the appropriate box below)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="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="3%" nowrap align="left">1.</TD>
    <TD width="3%"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>pursuant to Rule 467(b) on (&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) at (&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) (designate a time not sooner than 7
calendar days after filing).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="3%"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>pursuant to Rule 467(b) on (&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) at (&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) (designate a time 7 calendar
days or sooner after filing) because the securities regulatory authority in the review
jurisdiction has issued a receipt or notification of clearance on (&nbsp;&nbsp;&nbsp;).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="3%"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>pursuant to Rule 467(b) as soon as practicable after notification of the
Commission by the Registrant or the Canadian securities regulatory authority of the review
jurisdiction that a receipt or notification of clearance has been issued with respect
hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="3%"><FONT face="Wingdings">&#254;</FONT></TD>
    <TD>after the filing of the next amendment to this Form (if preliminary material
is being filed).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the securities being registered on this Form are to be offered on a delayed or
continuous basis pursuant to the home jurisdiction&#146;s shelf prospectus offering procedures, check
the following box.<FONT face="Wingdings">&#254;</FONT>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 1pt">
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of each class of</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>securities to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Per Security (1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price (1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration fee (2)</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Debt Securities</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="right" style="border-top: 2px solid #000000" nowrap>U.S.
$6,000,000,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">100</TD>
    <TD nowrap style="border-top: 2px solid #000000">%</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="right" style="border-top: 2px solid #000000" nowrap>U.S.
$6,000,000,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="right" style="border-top: 2px solid #000000" nowrap>U.S.
$235,800</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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



<DIV style="margin-top: 3pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of determining the registration fee.</TD>
</TR>

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

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Such fee was previously paid in connection with the $5,093,416,371 of unissued securities
registered under the Registration Statement on Form F-10 (File No.&nbsp;333-136641) initially filed
on August&nbsp;15, 2006 by the registrant ($544,996 in fees paid, $438,358 remaining unused). Such
Registration Statement was withdrawn on August&nbsp;17, 2006. Accordingly, pursuant to Rule 457(p)
of the General Rules and Regulations under the Securities Act of 1933, as amended,
$235,800 is being offset against the total registration fee due for this Registration
Statement.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>The Registrant hereby amends this registration statement on such date or dates as may be
necessary to delay its effective date until the registration statement shall become effective as
provided in Rule&nbsp;467 under the Securities Act of 1933 or on such date as the Commission, acting
pursuant to </B><B>Section 8(a)</B><B> of the Act, may determine.</B>
</DIV>

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





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

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

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








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


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED TO BE<BR>
DELIVERED TO OFFEREES OR PURCHASERS</B>

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->I-1<!-- /Folio -->
</DIV>

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

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<TABLE style="color: #FF0000" width="100%" border="1" cellpadding="5"><TR><TD style=text-align:justify>
<FONT style="font-size: 8pt; font-family: Arial, Helvetica">
</FONT><B><I><FONT style="font-size: 8pt; color: #C41E3A">Information
contained herein is subject to completion or amendment. A
registration statement  relating to these securities has been
filed with the Securities and Exchange Commission. These
securities may not be sold nor may offers to buy be accepted
prior to the time the registration  statement becomes effective.
This amended and restated short form prospectus shall not
constitute  an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of these  securities in any
state in which such offer, solicitation or sale would be
unlawful prior to  registration or qualification under the
securities law of any such
state.</FONT><FONT style="font-size: 8pt"> <BR>
</FONT></I></B>
</TD></TR></TABLE>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 92%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Base Shelf Prospectus
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 8pt; color: #C41E3A">This short
    form prospectus is referred to as a short form base shelf
    prospectus and has been filed under legislation in the Province
    of British Columbia that permits certain information about these
    securities to be determined after this prospectus has become
    final and that permits the omission from this prospectus of that
    information. The legislation requires the delivery to purchasers
    of a prospectus supplement containing the omitted information
    within a specified period of time after agreeing to purchase any
    of these securities.</FONT></I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 8pt">This short form prospectus
    constitutes a public offering of these securities only in those
    jurisdictions where they may be lawfully offered for sale and
    therein only by persons permitted to sell such securities. No
    securities regulatory authority has expressed an opinion about
    these securities and it is an offence to claim otherwise.
    Information has been incorporated by reference in this short
    form prospectus from documents filed with securities commissions
    or similar authorities in Canada. Copies of the documents
    incorporated herein by reference may be obtained on request
    without charge from Karen L. Dunfee, Corporate Secretary of Teck
    Cominco Limited at Suite&#160;600, 200 Burrard Street,
    Vancouver, British Columbia V6C 3L9 (telephone:
    <FONT style="white-space: nowrap">(604)&#160;687-1117)</FONT>
    and are also available electronically at
    <U>www.sedar.com.</U></FONT></I></B>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Amended and Restated Short Form&#160;Prospectus</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <I><U><FONT style="font-family: 'Times New Roman', Times">New
    Issue</FONT></U></I></TD>
    <TD nowrap align="right">    <FONT style="font-family: 'Times New Roman', Times"> August 1,
    2008
    </FONT></TD>
</TR>

</TABLE>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="o41422o4142501.gif" alt="(TECKCOMINCO LOGO)">
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 20pt">TECK COMINCO LIMITED</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">US$6,000,000,000</FONT></B>
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Teck Cominco Limited (&#147;Teck Cominco&#148; or the
    &#147;company&#148;) may from time to time offer for sale debt
    securities up to an aggregate initial offering price of
    US$6,000,000,000 (or the equivalent in other currencies), during
    the 25&#160;month period that this prospectus, including any
    amendments hereto, remains valid. The debt securities may be
    offered separately or together, in one or more series, in
    amounts, at prices and on other terms to be determined based on
    market conditions at the time of sale and set forth in an
    accompanying prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will provide the specific terms of the debt securities in
    respect of which this prospectus is being delivered (the
    &#147;offered debt securities&#148;) and all information omitted
    from this prospectus in supplements to this prospectus. You
    should read this prospectus and any applicable prospectus
    supplement carefully before you invest.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the United States Securities and Exchange Commission
    nor any state securities regulator has approved or disapproved
    these debt securities or determined if this prospectus is
    truthful or complete. Any representation to the contrary is a
    criminal offense.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>We are permitted, under a multijurisdictional disclosure
    system adopted by the United States and Canada, to prepare this
    prospectus in accordance with Canadian disclosure requirements,
    which are different from United States disclosure requirements.
    We prepare our financial statements, which are incorporated by
    reference herein, in Canadian dollars and in accordance with
    Canadian generally accepted accounting principles, and they are
    subject to Canadian auditing and auditor independence standards.
    As a result, they may not be comparable to financial statements
    of United States companies.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Owning the debt securities may subject you to tax
    consequences both in the United States and Canada. This
    prospectus or any applicable prospectus supplement may not
    describe these tax consequences fully. You should read the tax
    discussion in any applicable prospectus supplement and should
    consult with your own tax advisor with respect to your own
    particular circumstances.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Your ability to enforce civil liabilities under the United
    States federal securities laws may be affected adversely because
    we are incorporated in Canada, most of our officers and
    directors and some of the experts named in this prospectus are
    not residents of the United States, and many of our assets and
    all or a substantial portion of the assets of such persons are
    located outside of the United States.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The company may sell the offered debt securities to or through
    underwriters or dealers, and also may sell such debt securities
    to one or more other purchasers directly or through agents. See
    <I>&#147;Plan of Distribution&#148;</I>. A prospectus supplement
    will set forth the names of any underwriters, dealers or agents
    involved in the sale of any offered debt securities and will set
    forth the terms of the offering of the offered debt securities,
    including, to the extent applicable, the initial offering price,
    the proceeds to the company, the principal amounts, if any, to
    be purchased by underwriters, the underwriting discounts or
    commissions, and any other discounts or concessions to be
    allowed or reallowed to dealers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our head and registered office is located at Suite&#160;600, 200
    Burrard Street, Vancouver, British Columbia V6C 3L9.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

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

<DIV style="width: 92%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="97%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ABOUT THIS PROSPECTUS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    WHERE YOU CAN FIND MORE INFORMATION
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    STATEMENTS REGARDING FORWARD-LOOKING INFORMATION
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    RISK FACTORS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    THE COMPANY
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    RECENT DEVELOPMENTS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    USE OF PROCEEDS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EARNINGS COVERAGE
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    DESCRIPTION OF SHARE CAPITAL
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    DESCRIPTION OF DEBT SECURITIES
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    PRICE RANGE AND TRADING VOLUMES
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    CERTAIN INCOME TAX CONSEQUENCES
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    PLAN OF DISTRIBUTION
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    LEGAL MATTERS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXPERTS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    DOCUMENTS FILED AS PART OF THE REGISTRATION STATEMENT
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    CONSENTS OF AUDITORS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT A
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    i
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as set forth under <I>&#147;Description of Debt
    Securities&#148;</I>, and unless the context otherwise requires,
    all references in this prospectus to the
    <I>&#147;company&#148;</I>, <I>&#147;we&#148;</I>,
    <I>&#147;us&#148; </I>and <I>&#147;our&#148; </I>refer to Teck
    Cominco Limited and its subsidiaries and joint ventures.
</DIV>
<A name='101'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ABOUT
    THIS PROSPECTUS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus is part of a registration statement on
    <FONT style="white-space: nowrap">Form&#160;F-9</FONT>
    relating to the offered debt securities that we have filed with
    the United States Securities and Exchange Commission (the
    &#147;SEC&#148;). Under the registration statement, we may, from
    time to time, sell any combination of the debt securities
    described in this prospectus in one or more offerings up to an
    aggregate initial offering price of US$6,000,000,000. This
    prospectus provides you with a general description of the debt
    securities that we may offer. Each time we sell debt securities
    under the registration statement, we will provide a prospectus
    supplement that will contain specific information about the
    terms of that offering of debt securities. The prospectus
    supplement may also add, update or change information contained
    in this prospectus. Before you invest, you should read both this
    prospectus and any applicable prospectus supplement together
    with the additional information described under the heading
    <I>&#147;Where You Can Find More Information&#148;</I>. This
    prospectus does not contain all of the information set forth in
    the registration statement, certain parts of which are omitted
    in accordance with the rules and regulations of the SEC. You may
    refer to the registration statement and the exhibits to the
    registration statement for further information with respect to
    us and the offered debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The offered debt securities will not be qualified for sale under
    the securities laws of Canada or any province or territory of
    Canada, unless the applicable prospectus supplement indicates
    otherwise with respect to the offered debt securities, and may
    not be offered or sold, directly or indirectly, in Canada or to
    residents of Canada in contravention of the securities laws of
    any province or territory of Canada. Each underwriter and each
    dealer participating in the distribution of offered debt
    securities will agree that, unless the applicable prospectus
    supplement indicates otherwise, it will not, directly or
    indirectly, offer, sell or deliver any such offered debt
    securities purchased by it in connection with such distribution,
    in Canada or to residents of Canada in contravention of the
    securities laws of any province or territory of Canada.
</DIV>
<A name='102'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND MORE INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We file with the British Columbia Securities Commission (the
    &#147;BCSC&#148;), a commission of authority in the Province of
    British Columbia, Canada, similar to the SEC, and with the
    various securities commissions or similar authorities in each of
    the provinces and territories of Canada, annual and quarterly
    reports, material change reports and other information. We are
    also an SEC registrant subject to the informational requirements
    of the U.S.&#160;Securities Exchange Act of 1934, as amended
    (the &#147;Exchange Act&#148;), and accordingly, file with, or
    furnish to, the SEC certain reports and other information. Under
    a multijurisdictional disclosure system adopted by the United
    States and Canada, these reports and other information
    (including financial information) may be prepared in accordance
    with the disclosure requirements of Canada, which differ from
    those in the United States. You may read and copy any document
    we file with or furnish to the SEC at the SEC&#146;s public
    reference room at 100&#160;F&#160;Street, N.E., Room&#160;1580,
    Washington,&#160;D.C. 20549. You may also obtain copies of the
    same documents from the public reference room by paying a fee.
    Please call the SEC at
    <FONT style="white-space: nowrap">1-800-SEC-0330</FONT>
    or contact them at <U>www.sec.gov</U> for further information on
    the public reference room and copying charges.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the multijurisdictional disclosure system adopted by the
    United States and Canada, the SEC and the BCSC allow us to
    &#147;incorporate by reference&#148; certain information that we
    file with them, which means that we can disclose important
    information to you by referring you to those documents.
    Information that is incorporated by reference is an important
    part of this prospectus. The following documents, filed by us
    with the various securities commissions or similar authorities
    in each of the provinces and territories of Canada, are
    specifically incorporated by reference in and form an integral
    part of this prospectus:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    Annual Information Form of the company dated March&#160;19, 2008
    for the year ended December&#160;31, 2007 (the &#147;AIF&#148;);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    Audited consolidated financial statements of the company, and
    the related notes thereto, as at December 31 2007 and 2006 and
    for each of the years in the three year period ended
    December&#160;31, 2007 and the Auditors&#146; Report thereon;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    Management&#146;s Discussion and Analysis of Financial Position
    and Operating Results of the company for the year ended
    December&#160;31, 2007;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    Unaudited consolidated interim financial statements of the
    company, and the related notes thereto, for the six&#160;months
    ended June&#160;30, 2008 and 2007;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    Management&#146;s Discussion and Analysis of Financial Position
    and Operating Results of the company for the six&#160;months
    ended June&#160;30, 2008;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (f)&#160;
</TD>
    <TD align="left">
    Business Acquisition Report dated October&#160;29, 2007 in
    respect of the company&#146;s acquisition of Aur Resources Inc.
    (the &#147;BAR&#148;);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (g)&#160;
</TD>
    <TD align="left">
    Management Proxy Circular dated March&#160;3, 2008 for the
    company&#146;s annual and special meeting of shareholders held
    on April&#160;23, 2008;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (h)&#160;
</TD>
    <TD align="left">
    Material Change Report dated July 31, 2008 concerning the
    company entering into an arrangement agreement with Fording
    Canadian Coal Trust (&#147;Fording&#148;), pursuant to which the
    company intends to acquire Fording&#146;s assets; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Amended and Restated Material Change Report dated August&#160;1,
    2008 concerning the company entering into an arrangement
    agreement with Fording, pursuant to which the company intends to
    acquire Fording&#146;s assets.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any document of the type referred to in the preceding paragraph
    (excluding confidential material change reports), the content of
    any news release publicly disclosing financial information for a
    period more recent than the period for which financial
    statements are required to be incorporated herein, and certain
    other documents as set forth in Item&#160;11.1 of
    <FONT style="white-space: nowrap">Form&#160;44-101F1</FONT>
    of National Instrument
    <FONT style="white-space: nowrap">44-101&#160;&#151;</FONT>
    <I>Short Form&#160;Prospectus Distributions </I>filed by the
    company with a securities commission or similar authority in
    Canada after the date of this prospectus and prior to the
    termination of the offering will be deemed to be incorporated by
    reference into this prospectus. These documents are available
    through the Internet on the System for Electronic Document
    Analysis and Retrieval (&#147;SEDAR&#148;) which can be accessed
    at <U>www.sedar.com.</U> In addition, to the extent that any
    document or information incorporated by reference into this
    prospectus is included in a report that is filed or furnished to
    the SEC on
    <FONT style="white-space: nowrap">Form&#160;40-F,</FONT>
    20-F or <FONT style="white-space: nowrap">6-K</FONT>
    (or any respective successor form), such document or information
    shall also be deemed to be incorporated by reference as an
    exhibit to the registration statement on
    <FONT style="white-space: nowrap">Form&#160;F-9</FONT>
    of which this prospectus forms a part. In addition, if and to
    the extent indicated therein, we may incorporate by reference in
    this prospectus documents that we file with or furnish to the
    SEC pursuant to Section&#160;13(a) or 15(d) of the Exchange Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Copies of the documents incorporated herein by reference may be
    obtained on request without charge from Karen L.&#160;Dunfee,
    Corporate Secretary of Teck Cominco Limited, Suite&#160;600, 200
    Burrard Street, Vancouver, British Columbia V6C 3L9; telephone:
    <FONT style="white-space: nowrap">(604)&#160;687-1117.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Any statement contained in this prospectus or in a document
    incorporated or deemed to be incorporated by reference in this
    prospectus will be deemed to be modified or superseded for the
    purposes of this prospectus to the extent that a statement
    contained in this prospectus or in any subsequently filed
    document that also is or is deemed to be incorporated by
    reference in this prospectus modifies or supersedes that
    statement. Any statement so modified or superseded will not be
    deemed, except as so modified or superseded, to constitute a
    part of this prospectus. The making of a modifying or
    superseding statement will not be deemed an admission for any
    purposes that the modified or superseded statement, when made,
    constituted a misrepresentation, an untrue statement of a
    material fact or an omission to state a material fact that is
    required to be stated or that is necessary to make a statement
    not misleading in light of the circumstances in which it was
    made. Specifically, you should not rely on (i)&#160;the mineral
    resource or mineral reserve information regarding the
    company&#146;s Quebrada Blanca property set out in the table on
    page&#160;2, and the notes thereto, of the BAR under the heading
    &#147;Quebrada Blanca Mine&#160;&#151; Mineral Reserves and
    Resources&#148;, (ii)&#160;the mineral resource or mineral
    reserve information regarding the company&#146;s Andacollo
    property set out in the table on page&#160;4, and the notes
    thereto, of the BAR under the heading &#147;Andacollo
    Mine&#160;&#151; Mineral Reserves and Resources&#148;,
    (iii)&#160;the mineral resource or mineral reserve information
    regarding the company&#146;s Andacollo property set out in the
    tables on page&#160;5, and the notes thereto, of the BAR under
    the heading &#147;Andacollo Hypogene Project&#160;&#151; Mineral
    Reserves and Resources&#148;, or (iv)&#160;the mineral resource
    or mineral reserve information regarding the company&#146;s Duck
    Pond property set out in the table on page&#160;7, and the notes
    thereto, of the BAR (and the notes thereto) under the heading
    &#147;Duck Pond Mine&#160;&#151; Mineral Reserves and
    Resources&#148;, all of which have been superseded and replaced
    by mineral resource or mineral reserve information for such
    properties set out on pages 25 through 28 of the AIF.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon a new annual information form and the related annual
    consolidated financial statements being filed by us with, and,
    where required, accepted by, the appropriate securities
    regulatory authorities during the currency of this prospectus,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the previous annual information form, annual consolidated
    financial statements and all interim consolidated financial
    statements, material change reports, information circulars and
    all prospectus supplements filed by us prior to the commencement
    of our fiscal year in which the new annual information form is
    filed will be deemed no longer to be incorporated by reference
    into this prospectus for purposes of future offers and sales of
    debt securities hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A prospectus supplement containing the specific terms in respect
    of any offering and sale of the offered debt securities, updated
    disclosure of earnings coverage ratios, if applicable, and other
    information in relation to such offered debt securities will be
    delivered to purchasers of such offered debt securities together
    with this prospectus and will be deemed to be incorporated by
    reference into this prospectus as of the date of such prospectus
    supplement, but only for purposes of the offering of such debt
    securities by such prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In this prospectus and any prospectus supplement, all references
    to &#147;dollars&#148; or &#147;$&#148; are to Canadian dollars
    and all references to &#147;U.S.&#160;dollars&#148; and
    &#147;US$&#148; are to United States dollars. Unless otherwise
    indicated, all financial information included or incorporated by
    reference in this prospectus or included in any prospectus
    supplement is in Canadian dollars and determined using Canadian
    generally accepted accounting principles which are in effect
    from time to time. For a discussion of the principal differences
    between our financial results as calculated under Canadian
    generally accepted accounting principles and under
    U.S.&#160;generally accepted accounting principles, you should
    refer to Note&#160;25 of our audited consolidated financial
    statements for the years ended December&#160;31, 2007, 2006 and
    2005, which are incorporated by reference in this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>You should rely only on the information contained in or
    incorporated by reference in this prospectus or any applicable
    prospectus supplement and on the other information included in
    the registration statement of which this prospectus forms a
    part. We have not authorized any person to provide you with
    different or additional information. If any person provides you
    with different or additional information, you should not rely on
    it. We are not making an offer of the offered debt securities in
    any jurisdiction where the offer is not permitted by law. You
    should not assume that the information contained in or
    incorporated by reference in this prospectus or any applicable
    prospectus supplement is accurate as of any date other than the
    date on the front of this prospectus or any applicable
    prospectus supplement, respectively.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following financial statements of Fording, which can be
    found at www.sedar.com are specifically incorporated by
    reference into this prospectus:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    Audited consolidated financial statements of Fording, and the
    related notes thereto, as at December&#160;31, 2007 and 2006,
    and for each of the years in the three year period ended
    December&#160;31, 2007 and the Auditors&#146; Report
    thereon;&#160;and
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    Unaudited consolidated interim financial statements of Fording,
    and the related notes thereto, for the six months ended
    June&#160;30, 2008 and 2007.
</TD>
</TR>

</TABLE>
<A name='103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">STATEMENTS
    REGARDING FORWARD-LOOKING INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus, and certain documents incorporated by reference
    into this prospectus, contain certain forward-looking
    information and forward-looking statements, as defined in
    applicable securities laws (collectively referred to as
    &#147;forward-looking statements&#148;). These statements relate
    to future events or our future performance. All statements other
    than statements of historical fact are forward-looking
    statements. The use of any of the words &#147;anticipate&#148;,
    &#147;plan&#148;, &#147;continue&#148;, &#147;estimate&#148;,
    &#147;expect&#148;, &#147;may&#148;, &#147;will&#148;,
    &#147;project&#148;, &#147;predict&#148;, &#147;potential&#148;,
    &#147;should&#148;, &#147;believe&#148; and similar expressions
    is intended to identify forward-looking statements.
    Forward-looking statements involve known and unknown risks,
    uncertainties and other factors which may cause actual results
    or events to differ materially from those anticipated in such
    forward-looking statements. These statements speak only as of
    the date of this prospectus or as of the date specified in the
    documents incorporated by reference into this prospectus, as the
    case may be. These forward-looking statements include, but are
    not limited to, statements concerning:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our proposed acquisition of the assets of Fording, the impact of
    that acquisition on our earnings and cash flow, and the
    integration risks associated with that acquisition;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    prices and price volatility for zinc, copper, coal, gold and
    other products and commodities that we produce and sell as well
    as sulphuric acid, oil, natural gas and petroleum products,
    which we consume in our operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the long-term demand for and supply of zinc, copper, coal, gold
    and other products and commodities that we produce and sell;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sensitivity of our financial results to changes in metals
    and minerals prices (including premiums realized over London
    Metal Exchange cash and other benchmark prices);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    treatment and refining charges;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our strategies and objectives;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our interest and other expenses;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our tax position and the tax rates and royalty rates applicable
    to us;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    political unrest or instability in countries such as Peru and
    its impact on our foreign assets, including our interest in the
    Antamina copper-zinc mine;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the timing of decisions regarding the timing and costs of
    construction and production with respect to, and the issuance
    of, the necessary permits and other authorizations required for,
    certain of our development and expansion projects, including,
    among others, the Fort&#160;Hills project and the Equinox and
    Frontier oil sands projects in Alberta and the Andacollo
    hypogene copper-gold deposit in Chile;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our estimates of the quantity and quality of our mineral
    reserves and resources and oil resources;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the production capacity of our operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our planned capital expenditures and our estimates of
    reclamation and other costs related to environmental protection;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our future capital and production costs and production levels,
    including the costs and potential impact of complying with
    existing and proposed environmental laws and regulations in the
    operation and closure of various operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    prices and price volatility for commodities, equipment and
    supplies that we use in our business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our cost reduction and other financial and operating objectives;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our exploration, environmental, health and safety initiatives;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the availability of qualified employees for our operations,
    including our new developments;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the satisfactory negotiation of collective agreements with
    unionized employees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the outcome of legal proceedings and other disputes in which we
    are involved;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    general business and economic conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the outcome of our annual coal sales negotiations and
    negotiations with metals and concentrate customers concerning
    treatment charges, price adjustments and premiums;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our dividend policy.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Inherent in forward-looking statements are risks and
    uncertainties beyond our ability to predict or control,
    including, risks that may affect our operating or capital plans,
    including the risk of cost escalation; risks generally
    encountered in the development and operation of mineral and oil
    and gas properties such as unusual or unexpected geological
    formations, unanticipated metallurgical difficulties, delays
    associated with permit appeals, ground control problems, adverse
    weather conditions, process upsets and equipment malfunctions;
    risks associated with labour disturbances and unavailability of
    skilled labour; fluctuations in the market price of our
    principal commodities which are cyclical and subject to
    substantial price fluctuations; risks created through
    competition for mining and oil and gas properties; risks
    associated with lack of access to markets; risks associated with
    mineral and oil and gas reserves and resource estimates; risks
    posed by fluctuations in exchange rates and interest rates, as
    well as general economic conditions; risks associated with
    environmental compliance and changes in environmental
    legislation and regulation; risks associated with our dependence
    on third parties for the provision of transportation and other
    critical services; risks associated with non-performance by
    contractual counterparties; risks associated with aboriginal
    title claims and other title risks; social and political risks
    associated with operations in foreign countries; risks of
    changes in tax laws or their interpretation; and risks
    associated with tax reassessments and legal proceedings.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Actual results and developments are likely to differ, and may
    differ materially, from those expressed or implied by the
    forward-looking statements contained in, or incorporated by
    reference into, this prospectus. Such statements are based on a
    number of assumptions which may prove to be incorrect,
    including, but not limited to, assumptions about:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    general business and economic conditions;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    interest rates and foreign currency exchange rates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the supply and demand for, deliveries of, and the level and
    volatility of prices of zinc, copper, coal and gold and other
    primary metals and minerals as well as oil, natural gas and
    petroleum products;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the timing of the receipt of regulatory and governmental
    approvals for our development projects and other operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the availability and costs of financing for our development
    projects and potential acquisitions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our costs of production and our production and productivity
    levels, as well as those of our competitors;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    power prices;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to secure adequate transportation for our products;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to procure equipment and operating supplies in
    sufficient quantities and on a timely basis;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to attract and retain skilled staff;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the impact of changes in Canadian-U.S.&#160;dollar and other
    foreign exchange rates on our financial results;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engineering and construction timetables and capital costs for
    our development and expansion projects;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    costs of closure of our various operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    market competition;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the accuracy of our reserve and resource estimates (including
    with respect to size, grade and recoverability) and the
    geological, operational and price assumptions on which these are
    based;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    premiums realized over London Metal Exchange cash and other
    benchmark prices;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    tax benefits and tax rates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the outcome of our annual coal price and refining and treatment
    charge negotiations with customers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the resolution of environmental and other proceedings or
    disputes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ability to comply with environmental permits and renew such
    permits in a timely manner;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our ongoing relations with our employees and with our business
    partners and joint venturers.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We caution you that the foregoing list of important factors and
    assumptions is not exhaustive. Events or circumstances could
    cause our actual results to differ materially from those
    estimated or projected and expressed in, or implied by, these
    forward-looking statements. Accordingly, you should not place
    undue reliance on forward-looking statements. You should also
    carefully consider the matters discussed under <I>&#147;Risk
    Factors&#148; </I>in this prospectus. We undertake no obligation
    to update publicly or otherwise revise any forward-looking
    statements or the foregoing list of factors, whether as a result
    of new information or future events or otherwise, except as may
    be required by law.
</DIV>
<A name='104'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Before making an investment decision, you should carefully
    consider the risks and uncertainties described below as well as
    the other information contained and incorporated by reference in
    this prospectus. These risks and uncertainties are not the only
    ones facing us. Additional risks and uncertainties not presently
    known to us or that we currently consider immaterial may also
    impair our business operations. If any of such risks actually
    occur, our business, prospects, financial condition, cash flows
    and operating results could be materially harmed.</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face risks in the mining and metals business</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business of exploring for and producing minerals is
    inherently risky. Few properties that are explored are
    ultimately developed into producing mines.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mineral properties are often non-productive for reasons that
    cannot be anticipated in advance. Even after the commencement of
    mining operations, such operations may be subject to risks and
    hazards, including environmental hazards, industrial accidents,
    unusual or unexpected geological formations, unanticipated
    metallurgical difficulties, ground control problems and
    flooding. Our metallurgical operations at Trail, British
    Columbia, and our concentrate mills and coal preparation plants
    are also subject to risks of process upsets and equipment
    malfunctions. Equipment and supplies may from time to time be
    unavailable on a timely basis. The occurrence of any of the
    foregoing could result in damage to or destruction of mineral
    properties or production facilities, personal injuries or death,
    environmental damage,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    delays or interruption of production, increases in production
    costs, monetary losses, legal liability and adverse governmental
    action.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face risks in connection with our proposed acquisition of the
    assets of Fording</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our proposed acquisition of the assets of Fording is subject to
    various conditions precedent, including the availability of
    financing, receipt of regulatory and court approvals, absence of
    material adverse changes (subject to certain exceptions), and
    receipt of the approval of the unitholders of Fording. There can
    be no assurance that the acquisition will be completed either on
    the currently proposed terms or at all. If the acquisition is
    completed, we will be significantly more reliant than we
    currently are on the results of our coal business, and we will
    have incurred significant debt in connection with the
    acquisition. Until we are able to repay a significant portion of
    our acquisition debt, any reduction in our cash flow from our
    coal business or our other businesses will be more material to
    us than is currently the case. Our need to reduce the
    acquisition debt may adversely affect, among other things, our
    ability to acquire other assets or to invest in our development
    assets, our vulnerability to deterioration in economic
    conditions that affects demand and prices for our products and
    our flexibility in planning for, or reacting to, changes in our
    business and in the industry. If our cash flows and capital
    resources are insufficient to fund our debt obligations, we may
    be forced to sell assets, seek additional capital or seek to
    restructure or refinance our indebtedness. There can be no
    assurance that income tax laws applicable to the mining industry
    will not change, or that the Canada Revenue Agency will not
    change its administrative or assessing practices, in each case
    in a manner that materially adversely affects us. See
    &#147;&#151;&#160;Recent Developments&#160;&#151; Acquisition of
    Fording&#146;s Assets&#148; for more information regarding our
    proposed acquisition of Fording&#146;s assets.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    insurance may not provide adequate coverage</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our property, business interruption and liability insurance may
    not provide sufficient coverage for losses related to these or
    other hazards. Insurance against certain risks, including
    certain liabilities for environmental pollution, may not be
    available to us or to other companies within the industry. In
    addition, our insurance coverage may not continue to be
    available at economically feasible premiums, or at all. Any such
    event could have a material adverse affect on our business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    could be subject to potential labour unrest or other labour
    disturbances as a result of the failure of negotiations in
    respect of our collective agreements</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Over 6,400 of our approximately 8,850&#160;employees are
    employed under collective bargaining agreements. We could be
    subject to labour unrest or other labour disturbances as a
    result of delays in or the failure of negotiations in respect of
    our collective agreements, which could, while ongoing, have a
    material adverse effect on our business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    not be able to hire enough skilled employees to support our
    operations</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We compete with other mining companies to attract and retain key
    executives and skilled and experienced employees. The mining
    industry is labour intensive and our success depends to a
    significant extent on our ability to attract, hire, train and
    retain qualified employees, including our ability to attract
    employees with needed skills in the geographic areas in which we
    operate. We could experience increases in our recruiting and
    training costs and decreases in our operating efficiency,
    productivity and profit margins, if we are not able to attract,
    hire and retain a sufficient number of skilled employees to
    support our operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    could become subject to material pension
    liabilities</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have assets in defined benefit pension plans which arise
    through employer contributions and returns on investments made
    by the plans. The returns on investments are subject to
    fluctuations depending upon market conditions and we are
    responsible for funding any shortfall of pension assets compared
    to our pension obligations under these plans.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We also have certain obligations to former employees with
    respect to post-retirement benefits. The cost of providing these
    benefits can fluctuate and the fluctuations can be material.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our liabilities under defined benefit pension plans and in
    respect of other post-retirement benefits are estimated based on
    actuarial and other assumptions. These assumptions may prove to
    be incorrect and may change over time and the effect of these
    changes can be material.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fluctuations
    in the market price of base metals, specialty metals,
    metallurgical coal and gold may significantly affect the results
    of our operations</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The results of our operations are significantly affected by the
    market price of base metals, specialty metals, metallurgical
    coal and gold, which are cyclical and subject to substantial
    price fluctuations. Our earnings are particularly sensitive to
    changes in the market price of zinc, copper and metallurgical
    coal. Market prices can be affected by numerous factors beyond
    our control, including levels of supply and demand for a broad
    range of industrial products, substitution of new or different
    products in critical applications for our existing products,
    expectations with respect to the rate of inflation, the relative
    strength of the Canadian dollar and of certain other currencies,
    interest rates, speculative activities, global or regional
    political or economic crises and sales of gold and base metals
    by holders in response to such factors. If prices should decline
    below our cash costs of production and remain at such levels for
    any sustained period, we could determine that it is not
    economically feasible to continue commercial production at any
    or all of our mines. We may also curtail or suspend some or all
    of our exploration activities, with the result that our depleted
    reserves are not replaced.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our general policy is not to hedge changes in prices of our
    mineral production. From time to time, however, we may undertake
    hedging programs in specific circumstances, with an intention to
    reduce the risk of a commodity&#146;s market price while
    optimizing upside participation, to maintain adequate cash flows
    and profitability to contribute to the long-term viability of
    our business. There are, however, risks associated with hedging
    programs including, among other things, an increase in gold
    lease rates (in the case of gold hedging), an increase in
    interest rates, rising operating costs, counterparty risks and
    production interruption events.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fluctuations
    in the price and availability of consumed commodities affect our
    costs of production</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Potential restrictions on availability of power and water are a
    risk for certain of our operations and development properties,
    particularly in Chile, and such restrictions could have a
    material adverse effect on our business. Prices and availability
    of commodities consumed or used in connection with exploration,
    development, mining, smelting and refining, such as natural gas,
    diesel, oil and electricity, sulphuric acid, as well as reagents
    such as copper sulfate, also fluctuate and these fluctuations
    affect the costs of production at our various operations. Our
    smelting and refining operations at Trail require concentrates
    that we purchase from third parties. The availability of those
    concentrates and the treatment charges we can negotiate
    fluctuate depending on market conditions. These fluctuations can
    be unpredictable, can occur over short periods of time and may
    have a materially adverse impact on our operating costs or the
    timing and costs of various projects. Our general policy is not
    to hedge our exposure to changes in prices of the commodities we
    use in our business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face risks associated with shortage of mining equipment and
    supplies</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The growth in global mining activities has created a demand for
    mining equipment and related supplies that exceeds supply. For
    example, there has been, for some time, a global shortage of
    haulage truck tires and it is not known when this shortage will
    be resolved. Consequently, if equipment or other supplies cannot
    be procured on a timely basis, our expansion activities,
    production, development or operations could be negatively
    affected. The pace of global mining development activities has
    also led to supply constraints, limitation on the availability
    of labour and other cost pressures that will affect our
    development operations. Lead times for major equipment orders
    have increased. Wage pressures and other cost escalation will
    also affect construction activities at our development projects.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    acquisition of properties may be affected by competition from
    other mining companies</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because the life of a mine is limited by its ore reserves, we
    are continually seeking to replace and expand our reserves
    through the exploration of our existing properties as well as
    through acquisitions of interests in new properties or of
    interests in companies which own such properties. We encounter
    strong competition from other mining companies in connection
    with the acquisition of properties. This competition may
    increase the cost of acquiring suitable properties, should such
    properties become available to us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face competition in product markets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The mining industry in general is intensely competitive and even
    if commercial quantities of mineral resources are developed, a
    profitable market may not exist for the sale of such minerals.
    We must sell base metals, metal concentrates, by-product metals
    and concentrate, metallurgical coal and gold at prices
    determined by world markets over which we have no influence or
    control. Our competitive position is determined by our costs in
    comparison to those of other producers in the world. If our
    costs increase due to our locations, grade and nature of ore
    bodies, foreign exchange rates, or
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    our operating and management skills, our profitability may be
    affected. We have to compete with larger companies that have
    greater assets and financial and human resources than us, and
    which may be able to sustain larger losses than us to develop or
    continue business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    face restricted access to markets in the future</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Access to our markets may be subject to ongoing interruptions
    and trade barriers due to policies and tariffs of individual
    countries, and the actions of certain interest groups to
    restrict the import of certain commodities. Although there are
    currently no significant trade barriers existing or impending of
    which we are aware that do, or could, materially affect our
    access to certain markets, there can be no assurance that our
    access to these markets will not be restricted in the future.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    reserve and resource estimates may prove to be
    incorrect</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Disclosed reserve estimates should not be interpreted as
    assurances of mine life or of the profitability of current or
    future operations. We estimate and report our mineral reserves
    and resources in accordance with the requirements of the
    applicable Canadian securities regulatory authorities and
    industry practice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We estimate and report oil and gas reserves and resources in
    accordance with the requirements of the applicable Canadian
    securities regulatory authorities and industry practice.
    Estimates of reserves and resources for oil and gas reporting
    purposes are not comparable to mineral reserve and resource
    estimates.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SEC does not permit mining companies in their filings with
    the SEC to disclose estimates other than mineral reserves.
    However, because we have prepared this prospectus in accordance
    with Canadian disclosure requirements, this prospectus also
    incorporates estimates of mineral resources. Mineral resources
    are concentrations or occurrences of minerals that are judged to
    have reasonable prospects for economic extraction, but for which
    the economics of extraction cannot be assessed, whether because
    of insufficiency of geological information or lack of
    feasibility analysis, or for which economic extraction cannot be
    justified at the time of reporting. Consequently, mineral
    resources are of a higher risk and are less likely to be
    accurately estimated or recovered than mineral reserves.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our mineral reserves and resources are estimated by persons who
    are employees of the respective operating company for each of
    our operations under the supervision of our employees. These
    individuals are not &#147;independent&#148; for purposes of
    applicable securities legislation. As a rule, we do not use
    outside sources to verify mineral reserves or resources except
    at the initial feasibility stage.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The mineral and oil and gas reserve and resource figures
    incorporated in this prospectus by reference are estimates based
    on the interpretation of limited sampling and subjective
    judgments regarding the grade, continuity and existence of
    mineralization, as well as the application of economic
    assumptions, including assumptions as to operating costs,
    foreign exchange rates and future commodity prices. The
    sampling, interpretations or assumptions underlying any reserve
    or resource estimate may be incorrect, and the impact on
    reserves or resources may be material. Should the mineralization
    <FONT style="white-space: nowrap">and/or</FONT>
    configuration of a deposit ultimately turn out to be
    significantly different from that currently envisaged, then the
    proposed mining plan may have to be altered in a way that could
    affect the tonnage and grade of the reserves mined and rates of
    production and, consequently, could adversely affect the
    profitability of the mining operations. In addition, short term
    operating factors relating to the reserves, such as the need for
    orderly development of ore bodies or the processing of new or
    different ores, may cause reserve and resource estimates to be
    modified or operations to be unprofitable in any particular
    fiscal period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On June&#160;26, 2008, the SEC issued proposed revisions to its
    oil and gas reporting requirements. Although the stated purpose
    of these revisions includes a further harmonization of oil and
    gas disclosures by U.S.&#160;and
    <FONT style="white-space: nowrap">non-U.S.&#160;issuers,</FONT>
    we cannot evaluate the effect of such rule changes on the
    comparability of the results of U.S.&#160;issuers to our results
    until the final revisions are issued.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There can be no assurance that our projects or operations will
    be, or will continue to be, economically viable, that the
    indicated amount of minerals or petroleum products will be
    recovered or that they will be recovered at the prices assumed
    for purposes of estimating reserves.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    depletion of our mineral reserves may not be offset by future
    discoveries or acquisitions of mineral reserves</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We must continually replace mineral reserves depleted by
    production to maintain production levels over the long term.
    This is done by expanding known mineral reserves or by locating
    or acquiring new mineral deposits.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There is, however, a risk that depletion of reserves will not be
    offset by future discoveries of mineral reserves. Exploration
    for minerals and oil and gas is highly speculative in nature and
    the projects involve many risks. Many projects are unsuccessful
    and there can be no assurance that current or future exploration
    programs will be successful. Further, significant costs are
    incurred to establish mineral or oil and gas reserves and to
    construct mining and processing facilities. Development projects
    have no operating history upon which to base estimates of future
    cash flow and are subject to the successful completion of
    feasibility studies, obtaining necessary government permits,
    obtaining title or other land rights and availability of
    financing. In addition, assuming discovery of an economic
    orebody, depending on the type of mining operation involved,
    many years may elapse from the initial phases of drilling until
    commercial operations are commenced. Accordingly, there can be
    no assurance that our current work programs will result in any
    new commercial mining operations or yield new reserves to
    replace
    <FONT style="white-space: nowrap">and/or</FONT>
    expand current reserves.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    be adversely affected by currency fluctuations</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our operating results and cash flow are affected by changes in
    the Canadian dollar exchange rate relative to the currencies of
    other countries. Exchange rate movements can have a significant
    impact on results as a significant portion of our operating
    costs are incurred in Canadian and other currencies and most
    revenues are earned in U.S.&#160;dollars. To reduce the exposure
    to currency fluctuations, we enter into limited foreign exchange
    contracts from time to time, but these hedges do not eliminate
    the potential that such fluctuations may have an adverse effect
    on us. In addition, foreign exchange contracts expose us to the
    risk of default by the counterparties to such contracts, which
    could have a material adverse effect on our business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    be adversely affected by interest rate changes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our exposure to changes in interest rates results from investing
    and borrowing activities undertaken to manage our liquidity and
    capital requirements. We have incurred indebtedness that bears
    interest at fixed and floating rates, and we have entered into
    interest rate swap agreements to effectively convert some fixed
    rate exposure to floating rate exposure. There can be no
    assurance that we will not be materially adversely affected by
    interest rate changes in the future. In addition, our use of
    interest rate swaps exposes us to the risk of default by the
    counterparties to such arrangements. Any such default could have
    a material adverse effect on our business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Changes
    in environmental, health and safety laws may have a material
    adverse effect on our operations</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Environmental, health and safety legislation affects nearly all
    aspects of our operations, including mine development, worker
    safety, waste disposal, emissions controls and protection of
    endangered and protected species. Compliance with environmental,
    health and safety legislation can require significant
    expenditures and failure to comply with environmental, health or
    safety legislation may result in the imposition of fines and
    penalties, the temporary or permanent suspension of operations,
    <FONT style="white-space: nowrap">clean-up</FONT>
    costs arising out of contaminated properties, damages, and the
    loss of important permits. Exposure to these liabilities arises
    not only from our existing operations, but from operations that
    have been closed or sold to third parties. We are required to
    reclaim properties after mining is completed and specific
    requirements vary among jurisdictions. In some cases, we may be
    required to provide financial assurances as security for
    reclamation costs, which may exceed our estimates for such
    costs. Our historical operations have generated significant
    environmental contamination. We could also be held liable for
    worker exposure to hazardous substances. There can be no
    assurance that we will at all times be in compliance with all
    environmental, health and safety regulations or that steps to
    achieve compliance would not materially adversely affect our
    business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Environmental, health and safety laws and regulations are
    evolving in all jurisdictions where we have activities. We are
    not able to determine the specific impact that future changes in
    environmental laws and regulations may have on our operations
    and activities, and our resulting financial position; however,
    we anticipate that capital expenditures and operating expenses
    will increase in the future as a result of the implementation of
    new and increasingly stringent environmental, health and safety
    regulations. For example, emissions standards for carbon dioxide
    and sulphur dioxide are becoming increasingly stringent as are
    laws relating to the use and production of regulated chemical
    substances. Further changes in environmental, health and safety
    laws, new information on existing environmental, health and
    safety conditions or other events, including legal proceedings
    based upon such conditions, or an inability to obtain necessary
    permits, could require increased financial reserves or
    compliance expenditures or otherwise have a material adverse
    effect on us. Changes in environmental, health and safety
    legislation could also have a material adverse effect on product
    demand, product quality and methods of production and
    distribution. In the event that any of our products were
    demonstrated to have negative health effects, we could be
    exposed to workers compensation and product liability claims
    which could have a material adverse effect on our business.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    highly dependent on third parties for the provision of
    transportation services</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Due to the geographical location of many of our mining
    properties and operations, we are highly dependent on third
    parties for the provision of rail and port services. We
    negotiate prices for the provision of these services in
    circumstances where we may not have viable alternatives to using
    specific providers, or have access to regulated rate setting
    mechanisms. Elk Valley Coal Partnership is particularly
    dependent on Canadian Pacific Railway for rail services and
    Westshore Terminals Ltd. for port services. Contractual
    disputes, demurrage charges, rail and port capacity issues,
    availability of vessels and rail cars, weather problems or other
    factors can have a material adverse effect on our ability to
    transport materials according to schedules and contractual
    commitments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Red Dog mine in Alaska operates year-round on a 24&#160;hour
    per day basis. The annual production of the mine must be stored
    at the port site and shipped within an approximately
    <FONT style="white-space: nowrap">100-day</FONT>
    window when sea ice and weather conditions permit. Two
    purpose-designed shallow draft barges transport the concentrates
    to deep water moorings. The barges cannot operate in severe
    swell conditions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unusual ice or weather conditions, or damage to the barges or
    ship loading equipment could restrict our ability to ship all of
    the stored concentrate. Failure to ship the concentrate during
    the shipping season could have a material adverse effect on our
    sales, as well as on our Trail metallurgical operations, and
    could materially restrict mine production subsequent to the
    shipping season.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Aboriginal
    title claims and rights to consultation and accommodation may
    affect our existing operations as well as development projects
    and future acquisitions</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Governments in many jurisdictions must consult with aboriginal
    peoples with respect to grants of mineral rights and the
    issuance or amendment of project authorizations. Consultation
    and other rights of aboriginal people may require
    accommodations, including undertakings regarding employment and
    other matters in impact and benefit agreements. This may affect
    our ability to acquire within a reasonable time frame effective
    mineral titles in these jurisdictions, including in some parts
    of Canada in which aboriginal title is claimed, and may affect
    the timetable and costs of development of mineral properties in
    these jurisdictions. The risk of unforeseen aboriginal title
    claims also could affect existing operations as well as
    development projects and future acquisitions. These legal
    requirements may affect our ability to expand or transfer
    existing operations or to develop new projects.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    operate in foreign jurisdictions and face added risks and
    uncertainties due to different economic, cultural and political
    environments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our business operates in a number of foreign countries where
    there are added risks and uncertainties due to the different
    economic, cultural and political environments. Some of these
    risks include nationalization and expropriation, social unrest
    and political instability, uncertainties in perfecting mineral
    titles, trade barriers and exchange controls and material
    changes in taxation. Further, developing country status or an
    unfavourable political climate may make it difficult for us to
    obtain financing for projects in some countries.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face risks associated with our development
    projects</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Fort&#160;Hills oil sands project in Alberta is at an early
    stage of development. Petro-Canada, as project operator, in
    consultation with UTS Energy Corporation and us, will be
    responsible for further definition of the scope and parameters
    of the project and its design and development. There can be no
    assurance that the development or construction activities will
    commence in accordance with current expectations or at all.
    Construction activities at the Galore Creek copper-gold project
    in British Columbia were suspended in the fourth quarter of 2007
    as a result of our review of the first season of construction
    and a more detailed engineering study that predicted
    substantially higher capital costs and a longer construction
    schedule for the project. In addition, we have other very early
    stage development and advanced exploration projects.
    Construction and development of any of these projects are
    subject to numerous risks, including, without limitation:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks resulting from the fact that the Fort&#160;Hills project
    and other projects are at an early stage of development and
    therefore are subject to development and construction risks,
    including the risk of significant cost overruns and delays in
    construction, and technical and other problems;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with delays in obtaining, or conditions imposed
    by, regulatory approvals;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with obtaining amendments to existing
    regulatory approvals and additional regulatory approvals which
    will be required;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks of significant fluctuation in prevailing prices for
    copper, gold, oil, other petroleum products and natural gas,
    which may affect the profitability of the projects;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks resulting from the fact that we are a minority partner in
    the Fort&#160;Hills Energy Limited Partnership and major
    decisions with respect to project design and construction may be
    made without our consent;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with the fact that we have partners or joint
    venturers in certain other projects, and major project decisions
    may require the agreement of both parties;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with litigation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks resulting from dependence on third parties for services
    and utilities for the projects;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with the availability of sufficient water or
    water rights for our operations and development projects;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with the ability of our partners and joint
    venturers to finance their respective shares of project
    expenditures;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks associated with our obtaining financing for these projects
    on commercially reasonable terms.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Regulatory
    efforts to control greenhouse gas emissions could materially
    negatively affect our business</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our businesses include several operations that emit large
    quantities of carbon dioxide, or that produce or will produce
    products that emit large quantities of carbon dioxide when
    consumed by end users. This is particularly the case with our
    metallurgical coal operations and our oil sands projects. Carbon
    dioxide and other greenhouse gases are the subject of increasing
    public concern and regulatory scrutiny.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Kyoto Protocol is an international agreement that sets
    limits on greenhouse gas emissions from certain signatory
    countries. While the United States government has announced that
    it will not ratify the protocol, the Canadian Parliament voted
    to ratify its participation in this agreement and the Kyoto
    Protocol came into force in Canada on February&#160;16, 2005.
    The Kyoto agreement commits Canada to limit its net greenhouse
    gas emissions to 6% below the levels emitted in 1990.
    Canada&#146;s current level of greenhouse gas emissions
    significantly exceeds the
    <FONT style="white-space: nowrap">agreed-upon</FONT>
    limit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In 2007, the Government of Canada announced a policy objective
    of reducing total Canadian greenhouse gas emissions by 20% below
    2006 levels by 2020 and by 60% to 70% below that level by 2050.
    As part of this initiative, the federal Government intends to
    require reductions in emission intensity levels from certain
    industrial facilities, including oil and gas facilities and
    smelting and refining facilities, by 6% per year for each year
    from 2007 to 2010 and 2% per year each year thereafter. Affected
    facilities will be permitted to meet reduction targets by
    emissions trading or contributions to a technology fund, in
    addition to emissions abatement. Additional policy measures are
    anticipated in coming years under this federal policy framework.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In Alberta, the <I>Climate Change and Emissions Management Act
    </I>and the Specified Gas Emitters Regulation require certain
    existing large emitters (facilities, including oil sands
    facilities, that are releasing 100,000 tonnes or more of
    greenhouse gas emissions in any calendar year after and
    including 2003)&#160;to reduce their emissions intensity by 12%
    starting July&#160;1, 2007. The regulation also outlines options
    for meeting reduction targets. If reducing emissions intensity
    by 12% is not initially possible, large emitters will be able to
    invest in an Alberta-based technology fund to develop
    infrastructure to reduce emissions or to support research into
    innovative climate change solutions. Large emitters will be
    required to pay $15 per tonne to the technology fund for every
    tonne of emissions above the 12% reduction target.
    Alternatively, large emitters could also invest in Alberta-based
    projects outside their operations that reduce or offset
    emissions on their behalf.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In British Columbia, the provincial government has announced a
    policy goal of reducing greenhouse gas emission by at least 33%
    below current levels by 2020 and, on July&#160;1, 2008 began
    imposing a new provincial carbon tax on fuel. This new fuel tax
    starts at a rate based on $10 per tonne of carbon emissions and
    rises at a rate of $5 per year up to $30 per tonne by 2012. This
    tax will act to increase our fuel costs, which would impact our
    competitiveness in the global marketplace. The provincial
    government is also currently contemplating &#147;cap and
    trade&#148; legislation that could impose additional costs on
    our operations located in the province.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The primary source of greenhouse gas emissions in Canada is the
    use of hydrocarbon energy. Our operations depend significantly
    on hydrocarbon energy sources to conduct daily operations, and
    there are currently no economic substitutes for these forms of
    energy. The federal and provincial governments have not
    finalized any formal regulatory programs to control greenhouse
    gases and it is not yet possible to reasonably estimate the
    nature, extent, timing and cost of any
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    programs proposed or contemplated, or their potential effects on
    operations. Most of Elk Valley Coal Partnership&#146;s products
    are sold outside of Canada, and sales are not expected to be
    significantly affected by Canada&#146;s Kyoto ratification
    decision. However, the broad adoption by Kyoto signatory
    countries and others of emission limitations or other regulatory
    efforts to control greenhouse gas emissions could materially
    negatively affect the demand for coal, oil and natural gas, as
    well as restrict development of new coal or oil sands projects
    and increase production and transportation costs.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Although
    we believe our financial statements are prepared with reasonable
    safeguards to ensure reliability, we cannot provide absolute
    assurance</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We prepare our financial reports in accordance with accounting
    policies and methods prescribed by Canadian generally accepted
    accounting principles. In the preparation of financial reports,
    management may need to rely upon assumptions, make estimates or
    use their best judgment in determining the financial condition
    of the company. Significant accounting policies are described in
    more detail in the notes to our annual consolidated financial
    statements for the year ended December&#160;31, 2007, which are
    incorporated by reference into this prospectus. In order to have
    a reasonable level of assurance that financial transactions are
    properly authorized, assets are safeguarded against unauthorized
    or improper use and transactions are properly recorded and
    reported, we have implemented and continue to analyze our
    internal control systems for financial reporting. Although we
    believe our financial reporting and financial statements are
    prepared with reasonable safeguards to ensure reliability, we
    cannot provide absolute assurance in that regard.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    subject to legal proceedings, the outcome of which may affect
    our business</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The nature of our business subjects us to numerous regulatory
    investigations, claims, lawsuits and other proceedings in the
    ordinary course of our business. The results of these legal
    proceedings cannot be predicted with certainty. There can be no
    assurance that these matters will not have a material adverse
    effect on our business.
</DIV>

<DIV style="margin-top: 27pt; font-size: 1pt">&nbsp;</DIV>
<A name='105'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    COMPANY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Teck Cominco Limited is the continuing company resulting from
    the merger in 1963 of three companies,
    <FONT style="white-space: nowrap">Teck-Hughes</FONT>
    Gold Mines Ltd., Lamaque Gold Mines Limited and Canadian
    Devonian Petroleum Ltd., incorporated in 1913, 1937 and 1951,
    respectively. The company was continued under the <I>Canada
    Business Corporations Act </I>in 1978 and since that time has
    undergone several other reorganizations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are engaged primarily in the exploration for, and the
    development and production of, natural resources, with interests
    in mining and processing operations in Canada, Chile, Peru, the
    United States, and Australia. We are the world&#146;s second
    largest zinc miner and an important producer of copper. We hold
    a 40% direct and 12% indirect interest in, and are the managing
    partner of, Elk Valley Coal Partnership, which is the
    world&#146;s second largest producer of metallurgical coal for
    the seaborne market. See &#147;&#151;&#160;Recent
    Developments&#160;&#151; Acquisition of Fording&#146;s
    Assets&#148; for more information regarding our proposed
    acquisition of Fording&#146;s assets. Our principal products are
    copper, zinc, metallurgical coal and gold. Lead, molybdenum,
    various specialty and other metals, chemicals and fertilizers
    are produced as by-products of our operations. We also sell
    electrical power that is surplus to our requirements at the
    Trail metallurgical operations in British Columbia. We have a
    20% interest in Fort&#160;Hills Energy Limited Partnership,
    which is developing the Fort&#160;Hills oil sands
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    12
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    project in Alberta, and a 50% interest in certain exploration
    stage oil sands properties. We have interests in the following
    principal mining and processing operations:
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="34%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="22%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Operation</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ownership Interest</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Type of Operation</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Jurisdiction</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Trail
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Zinc/Lead Refinery
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Red Dog
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Zinc/Lead Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Alaska, USA
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Pend Oreille
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Zinc/Lead Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Washington, USA
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Antamina
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.5%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Copper/Zinc Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Ancash, Peru
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Highland Valley
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97.5%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Copper/Molybdenum Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Quebrada Blanca
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76.5%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Copper Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Tarapaca, Chile
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Andacollo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Copper Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Coquimbo, Chile
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Duck Pond
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Copper/Zinc Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Newfoundland, Canada
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Elkview
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38%
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fording River
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40%
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Greenhills
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32%
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Coal Mountain
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40%
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Line Creek
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40%
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    British Columbia, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cardinal River
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40%
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Coal Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Alberta, Canada
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    David Bell/Williams
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Gold Mine
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Ontario, Canada
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Pogo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40%
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Gold Mine
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    Alaska, USA
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 2pt; margin-left: 0%; width: 12%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=479 length=60 -->



<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 8pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Note:
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (1)&#160;</TD>
    <TD align="left">
    Percentages do not include our existing indirect interest
    through ownership of 19.82% of the outstanding units of Fording
    Canadian Coal Trust.
</TD>
</TR>

</TABLE>
<A name='106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RECENT
    DEVELOPMENTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Acquisition
    of Fording&#146;s Assets</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On July&#160;29, 2008, Teck Cominco announced that it had
    entered into an agreement with Fording whereby Teck Cominco will
    acquire 100% of Fording&#146;s assets, which consist principally
    of a royalty in respect of Fording&#146;s 60% non-operating
    interest in the Elk Valley Coal Partnership (the
    &#147;Acquisition&#148;). Elk Valley Coal Partnership produces
    hard coking coal from its six operating mines in British
    Columbia and Alberta, Canada which it sells to steel mills
    mainly in Asia and Europe in addition to North and South
    America. Teck&#160;Cominco is the managing partner of Elk Valley
    Coal Partnership.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of the Acquisition, Fording&#146;s unitholders
    will receive US$82.00 in cash and 0.245 of a Class&#160;B
    subordinate voting share of Teck Cominco per Fording unit. The
    aggregate consideration payable by Teck Cominco is approximately
    US$12.4&#160;billion in cash and approximately 36.9&#160;million
    of its Class&#160;B subordinate voting shares. The cash portion
    of the consideration is expected to be primarily funded by a
    US$9.8&#160;billion fully underwritten bridge and term loan
    facility arranged with a syndicate of banks and the proceeds of
    the sale of Fording units held by Teck Cominco prior to closing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Fording&#146;s July&#160;29, 2008 press release in connection
    with the Acquisition stated that because Teck Cominco is
    considered a related party to Fording, the Independent Committee
    of the Trustees of Fording and the Independent Committee of the
    directors of Fording (GP) ULC retained National Bank Financial
    Inc. (&#147;National Bank&#148;) as an independent valuator to
    perform a formal valuation of the Fording units. Fording&#146;s
    press release indicated National Bank concluded that the value
    of the Fording units was within a range from $79.00 to $99.00
    but did not provide any information regarding the valuation
    methodologies used by National Bank. A formal valuation has not
    yet been provided to Teck Cominco. Teck Cominco has no further
    information about the methodology or methodologies applied by
    National Bank.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Teck Cominco also entered into an agreement with an affiliate of
    the Ontario Teachers&#146; Pension Plan Board
    (&#147;Teachers&#148;) under which Teachers, in order to
    facilitate the Acquisition, has agreed to amend Teck
    Cominco&#146;s
    <FONT style="white-space: nowrap">&#147;top-up&#148;</FONT>
    obligations in connection with Teck Cominco&#146;s September
    2007 acquisition of 11.25% of the outstanding Fording units from
    Teachers. Teachers will, on completion of the Acquisition,
    receive compensation of US$105&#160;million for amending its
    rights, which would have otherwise expired on July&#160;31, 2008.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Acquisition is expected to close by the end of October,
    2008. The Acquisition is subject to customary and other
    conditions including, among others, the availability of the
    financing arranged by Teck Cominco, receipt of all necessary
    regulatory and court approvals, absence of material adverse
    changes subject to certain exceptions, as well as approval of
    the Acquisition by 66.67% of Fording&#146;s unitholders present
    in person or by proxy at the meeting held to approve the
    Acquisition and by a majority of Fording unitholders voting on
    the Acquisition other than Teck Cominco and its affiliates.
    Closing is expected to occur 20 trading days following
    satisfaction of those conditions, during which period
    Fording&#146;s units will continue to trade on the Toronto Stock
    Exchange and the New York Stock Exchange. Teck Cominco and
    Fording each retain certain rights to terminate the agreement
    until the closing of the Acquisition.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Included in this prospectus as Exhibit&#160;A are unaudited pro
    forma consolidated financial statements of the company,
    including notes thereto, giving effect to the Acquisition.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Acquisition
    of Global Copper Corp.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At a special meeting of shareholders of Global Copper Corp.
    (&#147;Global&#148;) held on July&#160;25, 2008, the
    shareholders of Global approved a statutory arrangement (the
    &#147;Arrangement&#148;) under the <I>Business Corporations Act
    </I>(British Columbia) pursuant to which Teck Cominco proposes
    to acquire all of the shares of Global for aggregate
    consideration of approximately $415&#160;million, to be
    satisfied in cash and through the issuance of Class&#160;B
    subordinate voting shares of Teck Cominco. The Supreme Court of
    British Columbia approved the Arrangement on July&#160;28, 2008.
    It is anticipated that the Arrangement will be completed
    effective 5:00 p.m. (Vancouver time) on August&#160;1, 2008.
</DIV>
<A name='107'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">USE OF
    PROCEEDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, we will use the net proceeds from the sale of the
    offered debt securities to fund a portion of the purchase price
    of the Acquisition or to repay indebtedness incurred to fund
    such acquisition or otherwise outstanding from time to time and
    for general corporate purposes. We may invest funds that we do
    not immediately require in short-term marketable securities.
</DIV>
<A name='108'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EARNINGS
    COVERAGE</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Earnings coverage ratios are included in this prospectus in
    accordance with Canadian disclosure requirements. They have been
    calculated on a consolidated basis using financial information
    prepared in accordance with Canadian generally accepted
    accounting principles and give effect to all of our long-term
    financial liabilities, and the repayment, redemption or other
    retirement thereof since the respective dates indicated below.
    The ratios do not give pro forma effect to any offering of debt
    securities offered by a prospectus supplement and this
    prospectus or to any change in indebtedness subsequent to the
    dates indicated below. For purposes of these calculations,
    reported net earnings have been increased by interest expense
    and income taxes. The earnings coverage ratio is equal to net
    earnings, adjusted as described above, divided by interest
    expense. These ratios do not purport to be indicative of
    earnings coverage ratios for any future period. Pro forma
    earnings coverage ratios referred to below have been calculated
    assuming completion of the Acquisition.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The earnings coverage ratio for the year ended December&#160;31,
    2007 was 26.4 times interest expense. For the twelve-month
    period ended June&#160;30, 2008, the earnings coverage ratio was
    27.6 times interest expense. Our earnings for the year ended
    December&#160;31, 2007 and the twelve-month period ended
    June&#160;30, 2008 before interest expense, income taxes,
    depreciation and amortization amounted to approximately
    $2.8&#160;billion and $3.0&#160;billion, respectively, which
    amounted to 29.9 times and 32.1 times our interest expense for
    those periods, respectively. The pro forma earnings coverage
    ratio for the year ended December&#160;31, 2007 was 4.3 times
    interest expense. For the six month period ended June&#160;30,
    2008, the pro forma earnings coverage ratio was 5.4 times
    interest expense.
</DIV>
<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF SHARE CAPITAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are authorized to issue an unlimited number of Class&#160;A
    common shares and Class&#160;B subordinate voting shares and an
    unlimited number of preference shares, issuable in series. As at
    July&#160;30, 2008, there were outstanding 9,353,470
    Class&#160;A common shares, 433,076,558 Class&#160;B subordinate
    voting shares (or 437,849,471 calculated on a fully diluted
    basis, excluding the conversion rights of holders of
    Class&#160;A common shares) and no preference shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Class&#160;A common shares carry the right to 100 votes per
    share. Class&#160;B subordinate voting shares carry the right to
    one vote per share.</B> Each Class&#160;A common share is
    convertible, at the option of the holder, into one Class&#160;B
    subordinate voting share. In all other respects, the
    Class&#160;A common shares and Class&#160;B subordinate voting
    shares rank equally, including in respect of dividends and the
    right to receive the remaining property of the company upon
    dissolution.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No dividends may be paid on the Class&#160;A common shares or
    the Class&#160;B subordinate voting shares unless all dividends
    on any preference shares outstanding have been paid. Subject to
    the rights, privileges, restrictions and conditions attaching to
    any preference shares, the holders of Class&#160;A common shares
    and Class&#160;B subordinate voting shares are entitled to
    dividends as may be declared by the board of directors of the
    company in their discretion out of funds legally available
    therefor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The attributes of the Class&#160;B subordinate voting shares
    contain so-called &#147;coattail provisions&#148; which provide
    that, if an offer (an &#147;Exclusionary Offer&#148;) to
    purchase Class&#160;A common shares that is required to be made
    to all or substantially all holders thereof, is not made
    concurrently with an offer to purchase Class&#160;B subordinate
    voting shares on identical terms, then each Class&#160;B
    subordinate voting share will be convertible into one
    Class&#160;A common share. The Class&#160;B subordinate voting
    shares will not be convertible in the event that an Exclusionary
    Offer is not accepted by holders of a majority of the
    Class&#160;A common shares (excluding those shares held by the
    person making the Exclusionary Offer). If an offer to purchase
    Class&#160;A common shares does not, under applicable securities
    legislation or the requirements of any stock exchange having
    jurisdiction, constitute a &#147;take-over bid&#148; or is
    otherwise exempt from any requirement that such offer be made to
    all or substantially all holders of Class&#160;A common shares,
    the coattail provisions will not apply.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The voting rights attached to the outstanding Class&#160;B
    subordinate voting shares represent approximately 31.7% of the
    aggregate voting rights attached to the Class&#160;A common
    shares and Class&#160;B subordinate voting shares.
</DIV>
<A name='110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF DEBT SECURITIES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In this section, the words &#147;company&#148;, &#147;we&#148;,
    &#147;us&#148; and &#147;our&#148; refer only to Teck Cominco
    Limited and not to any of our subsidiaries or joint ventures.
    The following description sets forth certain general terms and
    provisions of the debt securities. The particular terms and
    provisions of the series of debt securities offered by a
    prospectus supplement and this prospectus, and the extent to
    which the general terms and provisions described below may apply
    thereto, will be described in such prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, the offered debt securities will be issued under the
    trust indenture (the &#147;indenture&#148;) dated as of
    September&#160;12, 2002 entered into between the company and The
    Bank of New York Mellon (formerly known as The Bank of New
    York), as trustee (the &#147;trustee&#148;). A copy of the form
    of indenture has been filed with the SEC as an exhibit to the
    registration statement of which this prospectus forms a part and
    a copy of the executed indenture is also available on SEDAR at
    <U>www.sedar.com.</U> The following statements with respect to
    the indenture and the offered debt securities are brief
    summaries of certain provisions of the indenture and do not
    purport to be complete. For a more complete description,
    including the definition of any terms used but not defined under
    this section, prospective investors should refer to the
    indenture. Whenever we refer to particular provisions of the
    indenture, those provisions are qualified in their entirety by
    reference to the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may from time to time issue debt securities and incur
    additional indebtedness otherwise than through the offering of
    debt securities pursuant to this prospectus.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture does not limit the aggregate principal amount of
    debt securities (which may include debentures, notes or other
    evidences of indebtedness) which may be issued thereunder. It
    provides that debt securities may be issued from time to time in
    one or more series and may be denominated and payable in foreign
    currencies, including composite currencies. Special Canadian and
    United States federal income tax considerations applicable to
    any debt securities so denominated will be described in the
    prospectus supplement relating thereto. The debt securities
    offered pursuant to this prospectus will be limited to
    US$6,000,000,000 (or the equivalent in other currencies)
    aggregate principal amount. Unless otherwise indicated in the
    applicable prospectus supplement, the indenture also permits the
    company to increase the principal amount of any series of debt
    securities previously issued and to issue such increased
    principal amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The terms of the debt securities we may offer may differ from
    the general information provided below. In particular, certain
    covenants described below may not apply to certain debt
    securities we may offer under the indenture. We may issue debt
    securities with terms different from those of debt securities
    previously issued under the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement will set forth the specific
    terms relating to the debt securities of the series being
    offered and may include, without limitation, any of the
    following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the specific designation of the offered debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the aggregate principal amount of the offered debt securities;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the extent and manner, if any, to which payment on or in respect
    of the offered debt securities will be senior or will be
    subordinated to the prior payment of our other liabilities and
    obligations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the percentage or percentages of principal amount at which the
    offered debt securities will be issued;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the date or dates, if any, on which the offered debt securities
    will mature and the portion (if less than all of the principal
    amount) of the offered debt securities to be payable upon
    declaration of acceleration of maturity;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rate or rates per annum (which may be fixed or variable) at
    which the offered debt securities will bear interest, if any,
    the date or dates from which any such interest will accrue (or
    the method by which such date or dates will be determined) and
    the dates on which any such interest will be payable and the
    regular record dates for any interest payable on the offered
    debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any mandatory or optional redemption or sinking fund or
    analogous provisions, including the period or periods within
    which, the price or prices at which and the terms and conditions
    upon which the offered debt securities may be redeemed or
    purchased at the option of the company or otherwise;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the offered debt securities will be issuable in whole or
    in part in the form of one or more registered global securities
    (&#147;registered global securities&#148;) and, if so, the
    identity of the depositary for such registered global securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the denominations in which registered debt securities
    (&#147;registered securities&#148;) will be issuable, if other
    than denominations of US$1,000 and any integral multiple thereof;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each place where the principal of and any premium and interest
    on the offered debt securities will be payable and each place
    where the offered debt securities may be presented for
    registration of transfer or exchange;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if other than United States dollars, the foreign currency or the
    units based on or relating to foreign currencies in which the
    offered debt securities are denominated
    <FONT style="white-space: nowrap">and/or</FONT> in
    which the payment of the principal of and any premium and
    interest on the offered debt securities will or may be payable;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any index formula or other method pursuant to which the amount
    of payments of principal of, and any premium and interest on,
    the offered debt securities will or may be determined;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether and under what circumstances we will pay Additional
    Amounts (as defined below under &#147;&#151;&#160;<I>Payment of
    Additional Amounts</I>&#148;) on the offered debt securities in
    respect of certain taxes (and the terms of any such payment)
    and, if so, whether we will have the option to redeem the
    offered debt securities rather than pay the Additional Amounts
    (and the terms of any such option);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the terms and conditions, if any, on which the debt securities
    may be convertible into or exchangeable for any other of our
    securities or securities of other entities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the payment of the offered debt securities will be
    guaranteed by any other person;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the offered debt securities will have the benefit of any
    security interest created pursuant to the terms of the
    indenture;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other terms of the offered debt securities, including
    covenants and events of default which apply solely to the
    offered debt securities, or any covenants or events of default
    generally applicable to the debt securities which are not to
    apply to the offered debt securities.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, the indenture does not afford the holders the right
    to tender debt securities to the company for repurchase or
    provide for any increase in the rate or rates of interest at
    which the debt securities will bear interest in the event we
    should become involved in a highly leveraged transaction or in
    the event of a change in control of the company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our debt securities may be issued under the indenture bearing no
    interest or interest at a rate below the prevailing market rate
    at the time of issuance, to be offered and sold at a discount
    below their stated principal amount. The Canadian and United
    States federal income tax consequences and other special
    considerations applicable to any such discounted debt securities
    or other debt securities offered and sold at par which are
    treated as having been issued at a discount for Canadian
    <FONT style="white-space: nowrap">and/or</FONT>
    United States federal income tax purposes will be described in
    the prospectus supplement relating thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, upon completion of an offering of offered debt
    securities, we will advance the proceeds of such offering to our
    subsidiary, Teck Cominco Metals Ltd. (&#147;Cominco&#148;), and
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cominco will issue us a note (a &#147;Cominco note&#148;) in the
    amount of such proceeds. The principal amount of such Cominco
    note, plus (i)&#160;accrued and unpaid interest thereon at least
    equal to accrued and unpaid interest on the applicable offered
    debt securities and (ii)&#160;other monetary obligations payable
    pursuant to the Cominco note, will become due and payable on
    demand by us or, upon an event of default under the indenture,
    on demand by us or our assignee. Any Cominco notes issued will
    be pledged in favour of the trustee for the benefit of the
    holders of the applicable offered debt securities. A breach
    under the collateral documents relating to any such pledge will
    be an event of default under the indenture. It will also be an
    event of default under the indenture if at any time following
    the termination of the collateral documents relating to any such
    pledge:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Cominco or any successor thereto which has assumed
    Cominco&#146;s obligations under any such pledge has been, for a
    period of not less than 30 consecutive days, the primary obligor
    or guarantor with respect to Indebtedness (as defined below
    under &#147;<I>&#151;&#160;Certain Covenants</I>&#148;) in an
    aggregate amount which exceeds 10% of Consolidated Net Tangible
    Assets (as defined below under &#147;<I>&#151;&#160;Certain
    Covenants</I>&#148;);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have not, within such 30&#160;day period, created a security
    interest in favour of the trustee in another note or evidence of
    Indebtedness issued to us by Cominco or such successor in the
    same principal amount and substantially similar to such
    collateral documents that ranks equally and ratably with
    unsecured and unsubordinated Indebtedness of Cominco or such
    successor;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    on the 30th&#160;day of such 30&#160;day period Cominco or such
    successor was a Subsidiary (as defined below under
    &#147;&#151;&#160;<I>Certain Covenants</I>&#148;).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result, for so long as this intercompany arrangement and
    pledge are in place, upon the occurrence of an event of default
    under the indenture, the trustee on behalf of the holders of the
    applicable offered debt securities will have the right to make a
    demand on the Cominco note and will have a claim against Cominco
    in an amount equal to the amount due under the applicable
    offered debt securities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ranking
    and Other Indebtedness</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as indicated herein or in the applicable prospectus
    supplement, the debt securities will be unsecured obligations
    and will rank equally with all of our other unsecured and
    unsubordinated Indebtedness from time to time outstanding. The
    debt securities will be effectively subordinated to all
    Indebtedness and other liabilities of our subsidiaries and
    subordinated to all secured Indebtedness and other secured
    liabilities of us and our subsidiaries to the extent of the
    assets securing such Indebtedness and other liabilities. For so
    long as the pledge of the intercompany notes of Cominco is in
    place, the trustee on behalf of the holders of the debt
    securities will have a claim against Cominco in an amount equal
    to the amount due under the debt securities. At June&#160;30,
    2008, the aggregate amount of the Indebtedness and trade
    payables of our subsidiaries (other than Cominco) was
    approximately US$201&#160;million and we and our subsidiaries
    had US$154&#160;million of secured Indebtedness outstanding. In
    addition, Compa&#241;&#237;a Minera Antamina S.A., in which we
    have a 22.5% interest, had outstanding at June&#160;30, 2008, US
    $760&#160;million of revolving debt, trade payables and current
    taxes, our proportionate share of which is reflected in our
    consolidated balance sheet. Elk Valley Coal Partnership, in
    which we have a 40% partnership interest, has given an unsecured
    guarantee of up to $400&#160;million of indebtedness of Fording
    Inc., which guarantee is limited in recourse against us to the
    assets of Elk Valley Coal Partnership. The debt securities will
    be effectively subordinated to the obligations of Elk Valley
    Coal Partnership under this guarantee. This guarantee is
    expected to terminate if the Acquisition is completed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Pledge
    Termination</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the circumstances set forth below, we may terminate the
    pledge of a Cominco note.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we elect to terminate the pledge of a Cominco note, we are
    obligated to notify each debt rating agency known to us which
    has assigned a rating to the applicable offered debt securities
    and which is designated by the SEC as a &#147;Nationally
    Recognized Statistical Rating Organization&#148; (a
    &#147;Participating NRSRO&#148;) and the trustee of our
    intention to exercise our option to terminate the pledge of such
    Cominco note at least 45&#160;days prior to the proposed date of
    such termination (the &#147;Release Date&#148;). In order to
    effect the termination of the pledge of a Cominco note, on the
    proposed Release Date we are obligated to deliver to the trustee
    an officers&#146; certificate stating that we have satisfied
    each of the conditions listed below.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After delivery of such officers&#146; certificate, we may, at
    our option and without the consent of the holders of the
    applicable offered debt securities, permanently terminate the
    pledge of a Cominco note, provided that at the time of such
    termination:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Cominco shall not be the primary obligor or guarantor with
    respect to any Indebtedness, other than Indebtedness which in
    the aggregate does not exceed an amount equal to 10% of
    Consolidated Net Tangible Assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rating assigned to the applicable offered debt securities by
    at least two Participating NRSRO&#146;s (or if there is only one
    Participating NRSRO, by that one Participating NRSRO) is within
    one of the ratings categories assigned by them designating
    &#147;investment grade&#148; corporate debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    at least two Participating NRSRO&#146;s (or if there is only one
    Participating NRSRO, that one Participating NRSRO) have affirmed
    that the rating assigned by them to the applicable offered debt
    securities shall not be downgraded as a result of the
    termination of the pledge, or notice thereof;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no default or event of default has occurred and is continuing
    under the indenture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Form,
    Denomination, Exchange and Transfer</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, the debt securities will be issued only in fully
    registered form without coupons and in denominations of US$1,000
    or any integral multiple thereof. Debt securities may be
    presented for exchange and registered securities may be
    presented for registration of transfer in the manner, at the
    places and, subject to the restrictions set forth in the
    indenture and in the applicable prospectus supplement, without
    service charge, but upon payment of any taxes or other
    governmental charges due in connection therewith. The company
    has appointed the trustee as security registrar.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Payment</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated in the applicable prospectus
    supplement, payment of the principal of and any premium and
    interest on registered securities (other than registered global
    securities) will be made at the office or agency of the trustee
    at 101 Barclay Street, Floor 4 East, New York, New York 10286,
    Attention: Global Finance Unit, to the persons in whose name
    such registered securities are registered at the close of
    business on the regular record date for such interest payment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Registered
    Global Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The registered securities of a particular series may be issued
    in the form of one or more registered global securities which
    will be registered in the name of and be deposited with a
    depositary, or its nominee, each of which will be identified in
    the prospectus supplement relating to such series. Unless and
    until exchanged, in whole or in part, for debt securities in
    definitive registered form, a registered global security may not
    be transferred except as a whole by the depositary for such
    registered global security to a nominee of such depositary, by a
    nominee of such depositary to such depositary or another nominee
    of such depositary or by such depositary or any such nominee to
    a successor of such depositary or a nominee of such successor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The specific terms of the depositary arrangement with respect to
    any portion of a particular series of debt securities to be
    represented by a registered global security will be described in
    the prospectus supplement relating to such series. The company
    anticipates that the following provisions will apply to all
    depositary arrangements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the issuance of a registered global security, the
    depositary therefor or its nominee will credit, on its book
    entry and registration system, the respective principal amounts
    of the debt securities represented by such registered global
    security to the accounts of such persons having accounts with
    such depositary or its nominee (&#147;participants&#148;) as
    will be designated by the underwriters, investment dealers or
    agents participating in the distribution of such debt
    securities, or by the company if such debt securities are
    offered and sold directly by the company. Ownership of
    beneficial interests in a registered global security will be
    limited to participants or persons that may hold beneficial
    interests through participants. Ownership of beneficial
    interests in a registered global security will be shown on, and
    the transfer of such ownership will be effected only through,
    records maintained by the depositary therefor or its nominee
    (with respect to beneficial interests of participants) or by
    participants or persons that hold through participants (with
    respect to interests of persons other than participants).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    So long as the depositary for a registered global security or
    its nominee is the registered owner thereof, such depositary or
    such nominee, as the case may be, will be considered the sole
    owner or holder of the debt securities represented by such
    registered global security for all purposes under the indenture.
    Except as provided below, owners of
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    beneficial interests in a registered global security will not be
    entitled to have debt securities of the series represented by
    such registered global security registered in their names, will
    not receive or be entitled to receive physical delivery of debt
    securities of such series in definitive form and will not be
    considered the owners or holders thereof under the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Principal, premium, if any, and interest payments on a
    registered global security registered in the name of a
    depositary or its nominee will be made to such depositary or
    nominee, as the case may be, as the registered owner of such
    registered global security. None of the company, the trustee or
    any paying agent for debt securities of the series represented
    by such registered global security will have any responsibility
    or liability for any aspect of the records relating to or
    payments made on account of beneficial interests in such
    registered global security or for maintaining, supervising or
    reviewing any records relating to such beneficial interests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We expect that the depositary for a registered global security
    or its nominee, upon receipt of any payment of principal,
    premium or interest, will immediately credit participants&#146;
    accounts with payments in amounts proportionate to their
    respective beneficial interests in the principal amount of such
    registered global security as shown on the records of such
    depositary or its nominee. We also expect that payments by
    participants to owners of beneficial interests in such
    registered global security held through such participants will
    be governed by standing instructions and customary practices, as
    is now the case with debt securities held for the accounts of
    customers registered in &#147;street name&#148;, and will be the
    responsibility of such participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the depositary for a registered global security representing
    debt securities of a particular series is at any time unwilling
    or unable to continue as depositary or ceases to be a clearing
    agency registered under the Exchange Act and no successor
    depositary is appointed within 90&#160;days after we receive
    notice or become aware of such condition, we will issue
    registered securities of such series in definitive form in
    exchange for such registered global security. In addition, we
    may at any time and in our sole discretion determine not to have
    the debt securities of a particular series represented by one or
    more registered global securities and, in such event, will issue
    registered securities of such series in definitive form in
    exchange for all of the registered global securities
    representing debt securities of such series.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below is a summary of certain of the defined terms
    used in the indenture. We urge you to read the indenture for the
    full definition of all such terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Attributable Debt&#148; means as to any particular lease
    under which any person is liable at the time as lessee, and at
    any date as of which the amount thereof is to be determined, the
    total net amount of rent required to be paid by such person
    under such lease during the remaining term thereof (including
    any period for which such lease has been extended or may, at the
    option of the lessor, be extended), discounted from the
    respective due dates thereof to such date at a rate per annum
    equivalent to the rate inherent in such lease (as determined by
    our board of directors) compounded semi-annually, excluding
    amounts required to be paid on account of or attributable to
    operating costs and overhead charges and including, in certain
    circumstances, any termination penalty in the case of a lease
    terminable by the lessee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Net Tangible Assets&#148; means the aggregate
    amount of assets (less applicable reserves and other properly
    deductible items) after deducting therefrom (1)&#160;all current
    liabilities (excluding any portion thereof constituting Funded
    Debt); and (2)&#160;all goodwill, trade names, trademarks,
    patents, unamortized debt discount and expense and other like
    intangibles, all as set forth on the most recent consolidated
    balance sheet of Teck Cominco and computed in accordance with
    GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Funded Debt&#148; means, as applied to any person, all
    Indebtedness created or assumed by such person maturing after,
    or renewable or extendable at the option of such person beyond,
    12&#160;months from the date of creation thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;GAAP&#148; means generally accepted accounting principles
    in Canada in effect from time to time, unless the person&#146;s
    most recent audited or quarterly financial statements are not
    prepared in accordance with generally accepted accounting
    principles in Canada, in which case &#147;GAAP&#148; will mean
    generally accepted accounting principles in the United States in
    effect from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Indebtedness&#148; means all obligations for borrowed
    money represented by notes, bonds, debentures or similar
    evidence of indebtedness and obligations for borrowed money
    evidenced by credit, loan or other like agreements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Mortgage&#148; means any mortgage, deed of trust, pledge,
    hypoth&#233;c, lien, encumbrance, charge or security interest of
    any kind.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;person&#148; means any individual, corporation,
    partnership, joint venture, association, limited liability
    company, joint stock company, trust, unincorporated organization
    or government or any agency or political subdivision thereof.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Principal Property&#148; means the interest of Teck
    Cominco or any Restricted Subsidiary in (1)&#160;the property
    located near Marathon, Ontario, Canada, known as the
    &#147;Williams mine&#148;, the property located near Marathon,
    Ontario, Canada, known as the &#147;David Bell mine&#148;, the
    property located near Kamloops, British Columbia, Canada, known
    as the &#147;Highland Valley copper mine&#148; and the property
    located near Kotzebue, Alaska, U.S.A., known as the &#147;Red
    Dog mine&#148;; and (2)&#160;any (a)&#160;mineral property or
    (b)&#160;manufacturing or processing plant, building, structure,
    dam or other facility, together with the land upon which it is
    erected and fixtures comprising a part thereof, whether owned as
    of the date of the indenture or thereafter acquired or
    constructed by Teck Cominco or any Restricted Subsidiary, which,
    in the case of the items enumerated in each of 2(a) and 2(b)
    above, is located in Canada or the United States or its
    territories or possessions, the net book value of which
    interest, in each case, on the date as of which the
    determination is being made, is an amount which exceeds 10% of
    Consolidated Net Tangible Assets, except any such mineral
    property, plant, building, structure, dam or other facility or
    any portion thereof, together with the land upon which it is
    erected and fixtures comprising a part thereof,
    (i)&#160;acquired or constructed principally for the purpose of
    controlling or abating atmospheric pollutants or contaminants,
    or water, noise, odor or other pollution or (ii)&#160;which the
    board of directors of Teck Cominco by resolution declares is not
    of material importance to the total business conducted by Teck
    Cominco and its Restricted Subsidiaries considered as one
    enterprise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Restricted Subsidiary&#148; means (1)&#160;any Subsidiary
    (a)&#160;substantially all of the property of which is located,
    or substantially all of the business of which is carried on,
    within Canada or the United States or its territories or
    possessions; and (b)&#160;which owns or leases a Principal
    Property; and (2)&#160;any Subsidiary engaged primarily in the
    business of owning or holding securities of Restricted
    Subsidiaries; provided that the term &#147;Restricted
    Subsidiary&#148; will not include any Subsidiary the principal
    assets of which are stock or Indebtedness of persons which
    conduct substantially all of their business outside Canada or
    the United States or its territories or possessions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Sale and Leaseback Transactions&#148; mean any arrangement
    with a bank, insurance company or other lender or investor
    (other than Teck Cominco or a Restricted Subsidiary) providing
    for the leasing by Teck Cominco or any such Restricted
    Subsidiary of any Principal Property which has been or is to be
    sold or transferred, more than 120&#160;days after the later of
    the acquisition, completion of construction or commencement of
    full operation thereof by Teck Cominco or such Restricted
    Subsidiary to such lender or investor or to any person to whom
    funds have been or are to be advanced by such lender or investor
    on the security of such Principal Property.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Shareholders&#146; Equity&#148; means the aggregate amount
    of shareholders&#146; equity of Teck Cominco as shown on the
    most recent audited annual consolidated balance sheet of Teck
    Cominco and computed in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Subsidiary&#148; means, at any relevant time, any person
    of which the voting shares or other interests carrying more than
    50% of the outstanding voting rights attached to all outstanding
    voting shares or other interests are owned, directly or
    indirectly, by or for Teck Cominco
    <FONT style="white-space: nowrap">and/or</FONT> one
    or more Subsidiaries of Teck Cominco.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Negative
    Pledge</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have covenanted under the indenture that for so long as any
    of our debt securities under the indenture are outstanding, and
    subject to the provisions of the indenture, we will not, and we
    will not permit any Restricted Subsidiary to, create, incur,
    issue, assume or otherwise have outstanding any Mortgage on or
    over any Principal Property now owned or hereafter acquired by
    Teck Cominco or a Restricted Subsidiary to secure any
    Indebtedness, or on shares of stock or Indebtedness of any
    Restricted Subsidiary now owned or hereafter acquired by Teck
    Cominco or a Restricted Subsidiary to secure any Indebtedness,
    unless at the time thereof or prior thereto the debt securities
    then outstanding under the indenture (together with, if and to
    the extent we so determine, any other Indebtedness then existing
    or thereafter created) are secured equally and rateably with (or
    prior to) any and all such Indebtedness for so long as such
    Indebtedness is so secured by such Mortgage; <I>provided,
    however, </I>such negative pledge will not apply to or operate
    to prevent or restrict the following permitted encumbrances:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    any Mortgage on property, shares of stock or Indebtedness of any
    person existing at the time such person becomes a Restricted
    Subsidiary or created, incurred, issued or assumed in connection
    with the acquisition of any such person;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property created, incurred, issued
    or assumed at or prior to the time such property became a
    Principal Property or existing at the time of acquisition of
    such Principal Property by Teck Cominco or a Restricted
    Subsidiary, whether or not assumed by Teck Cominco or such
    Restricted Subsidiary; <I>provided </I>that no such Mortgage
    will extend to any other Principal Property of Teck Cominco or
    any Restricted Subsidiary;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    any Mortgage on all or any part of any Principal Property
    (including any improvements or additions to improvements on a
    Principal Property) hereafter acquired, developed, expanded or
    constructed by Teck Cominco or any Restricted Subsidiary to
    secure the payment of all or any part of the purchase price,
    cost of acquisition or cost of development, expansion or
    construction of such Principal Property or of improvements or
    additions to improvements thereon (or to secure any Indebtedness
    incurred by Teck Cominco or a Restricted Subsidiary for the
    purpose of financing all or any part of the purchase price, cost
    of acquisition or cost of development, expansion or construction
    thereof or of improvements or additions to improvements thereon)
    created prior to, at the time of, or within 360&#160;days after
    the later of, the acquisition, development, expansion or
    completion of construction (including construction of
    improvements or additions to improvements thereon), or
    commencement of full operation of such Principal Property;
    provided that no such Mortgage will extend to any other
    Principal Property of Teck Cominco or a Restricted Subsidiary
    other than, in the case of any such construction, improvement,
    development, expansion or addition to improvement, all or any
    part of any other Principal Property on which the Principal
    Property so constructed, developed or expanded, or the
    improvement or addition to improvement, is located;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property of any Restricted
    Subsidiary to secure Indebtedness owing by it to Teck Cominco or
    to another Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (5)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property of Teck Cominco to secure
    Indebtedness owing by it to a Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (6)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property or other assets of Teck
    Cominco or any Restricted Subsidiary existing on the date of the
    indenture, or arising thereafter pursuant to contractual
    commitments entered into prior to the date of the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (7)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property or other assets of Teck
    Cominco or any Restricted Subsidiary created for the sole
    purpose of extending, renewing, altering or refunding any of the
    foregoing Mortgages, <I>provided </I>that the Indebtedness
    secured thereby will not exceed the principal amount of
    Indebtedness so secured at the time of such extension, renewal,
    alteration or refunding, plus an amount necessary to pay fees
    and expenses, including premiums, related to such extensions,
    renewals, alterations or refundings, and that such extension,
    renewal, alteration or refunding Mortgage will be limited to all
    or any part of the same Principal Property and improvements and
    additions to improvements thereon
    <FONT style="white-space: nowrap">and/or</FONT>
    shares of stock and Indebtedness of a Restricted Subsidiary
    which secured the Mortgage extended, renewed, altered or
    refunded or either of such property or shares of stock or
    Indebtedness;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (8)&#160;
</TD>
    <TD align="left">
    any Mortgage on any Principal Property or on any shares of stock
    or Indebtedness of any Restricted Subsidiary created, incurred,
    issued or assumed to secure Indebtedness of Teck Cominco or any
    Restricted Subsidiary, which would otherwise be subject to the
    foregoing restrictions, in an aggregate amount which, together
    with the aggregate principal amount of other Indebtedness
    secured by Mortgages on any Principal Property or on any shares
    of stock or Indebtedness of any Restricted Subsidiary then
    outstanding (excluding Indebtedness secured by Mortgages
    permitted under the foregoing exceptions) and the Attributable
    Debt in respect of all Sale and Leaseback Transactions entered
    into after the date of the indenture (not including Attributable
    Debt in respect of any such Sale and Leaseback Transactions the
    proceeds of which are applied as set forth below under
    &#147;<I>&#151;&#160;Limitation on Sale and Leaseback
    Transactions</I>&#148;) would not then exceed 10% of
    Consolidated Net Tangible Assets.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of the foregoing and the covenant below entitled
    &#147;<I>&#151; Limitation on Sale and Leaseback
    Transactions</I>&#148;, the giving of a guarantee which is
    secured by a Mortgage on a Principal Property or on shares of
    stock or Indebtedness of any Restricted Subsidiary, and the
    creation of a Mortgage on a Principal Property or on shares of
    stock or Indebtedness of any Restricted Subsidiary to secure
    Indebtedness which existed prior to the creation of such
    Mortgage, will be deemed to involve the creation of Indebtedness
    in an amount equal to the principal amount guaranteed or secured
    by such Mortgage but the amount of Indebtedness secured by
    Mortgages on any Principal Property and shares of stock and
    Indebtedness of Restricted Subsidiaries will be computed without
    cumulating the underlying Indebtedness with any guarantee
    thereof or Mortgage securing the same.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following types of transactions will not be deemed to be
    Mortgages securing Indebtedness: any acquisition by Teck Cominco
    or any Restricted Subsidiary of any property or assets subject
    to any reservation or exception under the terms of which any
    vendor, lessor or assignor creates, reserves or excepts or has
    created, reserved or excepted an interest in base metals,
    precious metals, oil, gas or any other mineral or timber in
    place or the proceeds thereof; any conveyance or assignment
    whereby Teck Cominco or any Restricted Subsidiary conveys or
    assigns to any person or persons an interest in
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    base metals, precious metals, oil, gas or any other mineral or
    timber in place or the proceeds thereof; or any Mortgage upon
    any property or assets owned or leased by Teck Cominco or any
    Restricted Subsidiary or in which Teck Cominco or any Restricted
    Subsidiary owns an interest to secure to the person or persons
    paying the expenses of developing or conducting operations for
    the recovery, storage, transportation or sale of the mineral
    resources of the said property (or property with which it is
    utilized) the payment to such person or persons of Teck
    Cominco&#146;s or the Restricted Subsidiary&#146;s proportionate
    part of such development or operating expense; provided that
    such Mortgage does not extend beyond such property or assets and
    that the principal amount of any Indebtedness secured thereby
    does not exceed the amount of such expenses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Sale and Leaseback Transactions</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sale and Leaseback Transactions by Teck Cominco or any
    Restricted Subsidiary of any Principal Property are prohibited
    by the indenture unless (1)&#160;such transaction involves a
    lease or right to possession or use for a temporary period not
    to exceed three years following such transaction, by the end of
    which it is intended that the use of such property by the lessee
    will be discontinued; or (2)&#160;immediately prior to the
    entering into of such transaction, Teck Cominco or such
    Restricted Subsidiary could create a Mortgage on such Principal
    Property securing Indebtedness in an amount equal to the
    Attributable Debt with respect to the particular Sale and
    Leaseback Transaction; or (3)&#160;the proceeds of such
    transaction (a)&#160;are equal to or greater than the fair
    market value (as determined by our board of directors) of the
    Principal Property so sold and leased back at the time of
    entering into such Sale and Leaseback Transaction and
    (b)&#160;within 180&#160;days after such transaction, are
    applied to either the payment of all or any part of the purchase
    price, cost of acquisition, cost of development, cost of
    expansion or cost of construction of a Principal Property or
    cost of improvements or additions to improvements thereon or the
    prepayment (other than mandatory prepayment) of Funded Debt of
    Teck Cominco or a Restricted Subsidiary (other than Funded Debt
    held by Teck Cominco or any Restricted Subsidiary).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Consolidation,
    Amalgamation and Merger and Sale of Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may not consolidate or amalgamate with or merge into or enter
    into any statutory arrangement with any other person, or,
    directly or indirectly, convey, transfer or lease all or
    substantially all our properties and assets to any person,
    unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the person formed by or continuing from such consolidation or
    amalgamation or into which we are merged or with which we enter
    into such statutory arrangement or the person which acquires or
    leases all or substantially all of our properties and assets is
    organized and existing under the laws of the United States, any
    state thereof or the District of Columbia or the laws of Canada
    or any province or territory thereof, or, if such consolidation,
    amalgamation, merger, statutory arrangement or other transaction
    would not impair the rights of the holders of the debt
    securities under the indenture, in any other country, provided
    that if such successor person is organized under the laws of a
    jurisdiction other than the United States, any state thereof or
    the District of Columbia, or the laws of Canada or any province
    or territory thereof, the successor person assumes our
    obligations under the debt securities and the indenture to pay
    Additional Amounts (as defined below under
    &#147;<I>&#151;&#160;Payment of Additional Amounts</I>&#148;),
    and, in connection therewith, for purposes of the provisions
    described in &#147;<I>&#151;&#160;Payment of Additional
    Amounts</I>&#148; and &#147;<I>&#151;&#160;Tax
    Redemption</I>&#148; below, the reference to such successor
    jurisdiction is added with &#147;Canada&#148; and
    &#147;Canadian&#148; in each place that &#147;Canada&#148; or
    &#147;Canadian&#148; appears therein;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the successor person expressly assumes or assumes by operation
    of law all of our obligations under our debt securities and
    under the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    immediately before and after giving effect to such transaction,
    no event of default and no event which, after notice or lapse of
    time or both, would become an event of default, will have
    happened and be continuing;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain other conditions are met.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If, as a result of any such transaction, any of our Principal
    Properties become subject to a Mortgage, then, unless such
    Mortgage could be created pursuant to the indenture provisions
    described under &#147;<I>&#151;&#160;Negative Pledge</I>&#148;
    above without equally and ratably securing our debt securities,
    we, simultaneously with or prior to such transaction, will cause
    our debt securities to be secured equally and ratably with or
    prior to the Indebtedness secured by such Mortgage.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Payment
    of Additional Amounts</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, all payments made by or on behalf of us under or
    with respect to any series of our debt securities issued under
    the indenture will be made free and clear of and without
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    withholding or deduction for or on account of any present or
    future tax, duty, levy, impost, assessment or other governmental
    charge (including penalties, interest and other liabilities
    related thereto) imposed or levied by or on behalf of the
    Government of Canada or any province or territory thereof or by
    any authority or agency therein or thereof having power to tax
    (hereinafter &#147;Canadian Taxes&#148;), unless we are required
    to withhold or deduct Canadian Taxes by law or by the
    interpretation or administration thereof by the relevant
    government authority or agency. If we are so required to
    withhold or deduct any amount for or on account of Canadian
    Taxes from any payment made under or with respect to the debt
    securities issued under the indenture, we will pay to each
    holder of such debt securities as additional interest such
    additional amounts (&#147;Additional Amounts&#148;) as may be
    necessary so that the net amount received by each such holder
    after such withholding or deduction (and after deducting any
    Canadian Taxes on such Additional Amounts) will not be less than
    the amount such holder would have received if such Canadian
    Taxes had not been withheld or deducted. However, no Additional
    Amounts will be payable with respect to a payment made to a debt
    securities holder (such holder, an &#147;Excluded Holder&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    with which we do not deal at arm&#146;s length (for the purposes
    of the <I>Income Tax Act </I>(Canada)) at the time of the making
    of such payment;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    which is subject to such Canadian Taxes by reason of the debt
    securities holder being a resident, domicile or national of, or
    engaged in business or maintaining a permanent establishment or
    other physical presence in or otherwise having some connection
    with Canada or any province or territory thereof otherwise than
    by the mere holding of the debt securities or the receipt of
    payments thereunder;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    which is subject to such Canadian Taxes by reason of the debt
    securities holder&#146;s failure to comply with any
    certification, identification, documentation or other reporting
    requirements if compliance is required by law, regulation,
    administrative practice or an applicable treaty as a
    precondition to exemption from, or a reduction in the rate of
    deduction or withholding of, such Canadian Taxes;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    which is subject to such Canadian Taxes because the debt
    securities holder is not entitled to the benefit of an
    applicable treaty by reason of the legal nature of such holder.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will also:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make such withholding or deduction;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    remit the full amount deducted or withheld to the relevant
    authority in accordance with applicable law.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will furnish to the holders of the debt securities, within
    60&#160;days after the date the payment of any Canadian Taxes is
    due pursuant to applicable law, certified copies of tax receipts
    or other documents evidencing such payment by us.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will indemnify and hold harmless each holder of debt
    securities (other than an Excluded Holder) and upon written
    request reimburse each such holder for the amount (excluding any
    Additional Amounts that have previously been paid by us) of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any Canadian Taxes so levied or imposed and paid by such holder
    as a result of payments made under or with respect to the debt
    securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any liability (including penalties, interest and expenses)
    arising therefrom or with respect thereto;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any Canadian Taxes imposed with respect to any reimbursement
    under the preceding two bullet points, but excluding any such
    Canadian Taxes on such holder&#146;s net income.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Wherever in the indenture there is mentioned, in any context,
    the payment of principal (and premium, if any), interest, if
    any, or any other amount payable under or with respect to a debt
    security, such mention will be deemed to include mention of the
    payment of Additional Amounts to the extent that, in such
    context, Additional Amounts are, were or would be payable in
    respect thereof.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Tax
    Redemption</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, a series of our debt securities will be subject to
    redemption at any time, in whole but not in part, at a
    redemption price equal to the principal amount thereof together
    with accrued and unpaid interest to, but not including, the date
    fixed for redemption, upon the giving of a notice as described
    below, if we determine that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    as a result of any change in or amendment to the laws (or any
    regulations or rulings promulgated thereunder) of Canada or of
    any political subdivision or taxing authority thereof or therein
    (or, in the case of the successor
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    person that assumes our obligations under the debt securities
    and the indenture as a result of a consolidation, amalgamation
    or merger with us or sale of our assets (the
    &#147;Successor&#148;), the applicable jurisdiction of such
    Successor or taxing authority thereof or therein) affecting
    taxation, or any change in official position regarding the
    application or interpretation of such laws, regulations or
    rulings by any legislative body, court, governmental agency or
    regulatory authority (including a holding by a court of
    competent jurisdiction), which change or amendment is announced
    or becomes effective on or after (i)&#160;the date of the
    applicable prospectus supplement, or (ii)&#160;in the case of a
    consolidation, amalgamation, merger or sale of assets in which
    the Successor is organized under the laws of a jurisdiction
    other than the United States, any state thereof or the District
    of Columbia, or Canada or any province or territory thereof, the
    date the Successor assumes our obligations under the debt
    securities and the indenture to pay Additional Amounts, we or
    such Successor, as applicable, have or will become obligated to
    pay, on the next succeeding date on which interest is due,
    Additional Amounts with respect to any debt security of such
    series;&#160;or
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    on or after (i)&#160;the date of the applicable prospectus
    supplement, or (ii)&#160;in the case of a consolidation,
    amalgamation, merger or sale of assets in which the Successor is
    organized under the laws of a jurisdiction other than the United
    States, any state thereof or the District of Columbia, or Canada
    or any province or territory thereof, the date the Successor
    assumes our obligations under the debt securities and the
    indenture to pay Additional Amounts, any action has been taken
    by any taxing authority of, or any decision has been rendered by
    a court of competent jurisdiction in, Canada or any political
    subdivision or taxing authority thereof or therein (or, in the
    case of the Successor, the applicable jurisdiction of such
    Successor or taxing authority thereof or therein), including any
    of those actions specified in the first bullet above, whether or
    not such action was taken or such decision was rendered with
    respect to us or the Successor, as applicable, or any change,
    amendment, application or interpretation will be officially
    proposed, which, in any such case, in the written opinion of our
    legal counsel, will result in our, or the Successor, as
    applicable, becoming obligated to pay, on the next succeeding
    date on which interest is due, Additional Amounts with respect
    to any debt security of such series,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and, in any such case, we, in our business judgment, determine
    that such obligation cannot be avoided by the use of reasonable
    measures available to us.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that we elect to redeem a series of our debt
    securities pursuant to the provisions set forth in the preceding
    paragraph, we will deliver to the trustee an officers&#146;
    certificate, signed by two authorized officers, stating that we
    are entitled to redeem such series of our debt securities
    pursuant to their terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notice of intention to redeem such series of our debt securities
    will be given not more than 60 nor less than 30&#160;days prior
    to the date fixed for redemption and will specify the date fixed
    for redemption.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Provision
    of Financial Information</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will file with the trustee, within 15&#160;days after we file
    them with the SEC, copies, which may be in electronic format, of
    our annual report and of the information, documents and other
    reports (or copies of such portions of any of the foregoing as
    the SEC may by rules and regulations prescribe) which we are
    required to file with the SEC pursuant to Section&#160;13 or
    15(d) of the Exchange Act. Notwithstanding that we may not be
    required to remain subject to the reporting requirements of
    Section&#160;13 or 15(d) of the Exchange Act or otherwise report
    on an annual and quarterly basis on forms provided for such
    annual and quarterly reporting pursuant to rules and regulations
    promulgated by the SEC, we will continue to provide the trustee:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    within 140&#160;days after the end of each fiscal year, the
    information required to be contained in annual reports on
    <FONT style="white-space: nowrap">Form&#160;20-F,</FONT>
    <FONT style="white-space: nowrap">Form&#160;40-F</FONT>
    or
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    as applicable (or any successor form);&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    within 60&#160;days after the end of each of the first three
    fiscal quarters of each fiscal year, the information required to
    be contained in reports on
    <FONT style="white-space: nowrap">Form&#160;6-K</FONT>
    (or any successor form) which, regardless of applicable
    requirements will, at a minimum, contain such information
    required to be provided in quarterly reports under the laws of
    Canada or any province thereof to security holders of a
    corporation with securities listed on the Toronto Stock
    Exchange, whether or not we have any of our securities listed on
    such exchange.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Such information will be prepared in accordance with Canadian
    disclosure requirements and GAAP; <I>provided, however, </I>that
    we will not be obligated to file such report with the SEC if the
    SEC does not permit such filings.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    24
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Events of
    Default</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following are summaries of events of default under the
    indenture with respect to debt securities of any series:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the payment of any interest on any debt securities of
    that series when such interest becomes due and payable, and such
    default is continued for 30&#160;days;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the payment of the principal of (or premium, if any,
    on) any debt securities of that series when it becomes due and
    payable;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the performance, or breach, of any of the covenants
    of the company in the indenture in respect of the debt
    securities of that series and described above under
    &#147;<I>&#151;&#160;Consolidation, Amalgamation and Merger and
    Sale of Assets</I>&#148;;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default in the performance, or breach, of any other covenant of
    the company in the indenture in respect of the debt securities
    of that series, and such default or breach is continued for
    60&#160;days after written notice to us as provided in the
    indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if an event of default (as defined in any indenture or
    instrument under which we or one of our Restricted Subsidiaries
    has at the time of the indenture or will thereafter have
    outstanding any Indebtedness) has occurred and is continuing, or
    Teck Cominco or any Restricted Subsidiary has failed to pay
    principal amounts with respect to such Indebtedness at maturity
    and such event of default or failure to pay has resulted in
    Indebtedness under such indentures or instruments being declared
    due, payable or otherwise being accelerated, in either event so
    that an amount in excess of the greater of US$50,000,000 and 2%
    of our Shareholders&#146; Equity will be or become due, payable
    and accelerated upon such declaration or prior to the date on
    which the same would otherwise have become due, payable and
    accelerated (the &#147;accelerated indebtedness&#148;), and such
    acceleration will not be rescinded or annulled, or such event of
    default or failure to pay under such indenture or instrument
    will not be remedied or cured, whether by payment or otherwise,
    or waived by the holders of such accelerated indebtedness, then
    (i)&#160;if the accelerated indebtedness will be as a result of
    an event of default which is not related to the failure to pay
    principal or interest on the terms, at the times, and on the
    conditions set out in any such indenture or instrument, it will
    not be considered an event of default for purposes of the
    indenture governing our debt securities until 30&#160;days after
    such Indebtedness has been accelerated, or (ii)&#160;if the
    accelerated indebtedness will occur as a result of such failure
    to pay principal or interest or as a result of an event of
    default which is related to the failure to pay principal or
    interest on the terms, at the times, and on the conditions set
    out in any such indenture or instrument, then (A)&#160;if such
    accelerated indebtedness is, by its terms, non-recourse to us or
    our Restricted Subsidiaries, it will not be considered an event
    of default for purposes of the indenture governing our debt
    securities; or (B)&#160;if such accelerated indebtedness is
    recourse to us or our Restricted Subsidiaries, any requirement
    in connection with such failure to pay or event of default for
    the giving of notice or the lapse of time or the happening of
    any further condition, event or act under such other indenture
    or instrument in connection with such failure to pay principal
    or an event of default will be applicable together with an
    additional seven days before being considered an event of
    default for purposes of the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain events of bankruptcy, insolvency or reorganization occur;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain events of default concerning the collateral documents
    relating to the pledge described above under
    &#147;<I>&#151;&#160;General</I>&#148;;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other events of default provided with respect to debt
    securities of that series.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If an event of default with respect to any series of the debt
    securities occurs and is continuing, unless the principal amount
    of all of the debt securities of that series will have already
    become due and payable, the trustee may, in its discretion, and
    will upon request in writing made by the holders of not less
    than 25% in aggregate principal amount of the outstanding debt
    securities of such affected series, declare by written notice to
    us as provided in the indenture, the principal amount of all
    debt securities of such affected series and all accrued interest
    thereon to be immediately due and payable. However, at any time
    after a declaration of acceleration with respect to the debt
    securities has been made and before a judgment or decree for
    payment of the money due has been obtained, the holders of a
    majority in aggregate principal amount of the outstanding debt
    securities of that series may, under certain circumstances,
    rescind and annul such declaration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except in cases of default where the trustee is required to
    exercise those rights and powers vested in it by the indenture,
    as a prudent man would exercise or use under the circumstances
    in the conduct of his own affairs, the trustee is
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    25
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    not required to take any action under the indenture at the
    request of any holders of the debt securities unless the holders
    offer the trustee protection from expenses and liability
    satisfactory to the trustee (called an &#147;indemnity&#148;).
    If such indemnity is provided, the holders of a majority in
    aggregate principal amount of the outstanding debt securities
    may direct the time, method and place of conducting any lawsuit
    or other formal legal action seeking any remedy available to the
    trustee and these majority holders may also direct the trustee
    to perform or exercise any trust or power granted to the trustee
    under the indenture with respect to the debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No holder of debt securities of any series will have any right
    to institute any proceeding with respect to the indenture, or
    for the appointment of a receiver or a trustee or for any other
    remedy thereunder, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    such holder has previously given to the trustee written notice
    that an event of default has occurred with respect to the debt
    securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    the holders of at least 25% in aggregate principal amount of the
    outstanding debt securities of such series make a written
    request that the trustee take action because of the default, and
    such holder or holders offer an indemnity satisfactory to the
    trustee against the cost and other liabilities of taking that
    action;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    the trustee has not received from the holders of a majority in
    aggregate principal amount of the outstanding debt securities of
    such series a direction inconsistent with such request and has
    failed to take any action for 60&#160;days after receipt of the
    above notice, request and direction.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    However, such above-mentioned limitations do not apply to a suit
    instituted by the holder of a debt security for the enforcement
    of payment of the principal of, or any premium, if any, or
    interest on such debt securities on or after the applicable due
    date specified in such debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The trustee may withhold notice of any continuing default from
    the holders of the debt securities (except a default in the
    payment of principal (or premium, if any) or interest, if any),
    if it determines in good faith that withholding notice is in the
    interest of the holders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Every year we will furnish to the trustee a written statement of
    certain of our officers certifying that to their knowledge we
    are in compliance with the indenture and the debt securities or,
    if not, specifying any known default.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Modification
    and Waiver</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Modifications and amendments of the indenture may be made by us
    and the trustee with the consent of the holders of a majority in
    principal amount of the outstanding debt securities of each
    series issued under the indenture affected by such modification
    or amendment; <I>provided, however, </I>that no such
    modification or amendment may, without the consent of the holder
    of each outstanding debt security of such affected series:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the stated maturity of the principal of (or premium, if
    any) or any installment of interest, if any, on any debt
    security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change any of our obligations to pay Additional Amounts (except
    under certain circumstances provided in the indenture);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the principal amount of (or premium, if any), or rate of
    interest, if any, on any debt security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the amount of principal of a debt security payable upon
    acceleration of the maturity thereof or the amount thereof
    provable in bankruptcy or adversely affect any right of
    repayment at the option of any holder of debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the place of payment;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the currency of payment of principal of (or premium, if
    any) or interest, if any, on any debt security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    adversely affect any right to convert or exchange any debt
    security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    impair the right to institute suit for the enforcement of any
    payment on or with respect to any debt security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the voting or quorum requirements relating to meetings of
    holders of debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the percentage of aggregate principal amount of
    outstanding debt securities of such series, the consent of the
    holders of which is required for modification or amendment of
    the applicable indenture provisions or for waiver of compliance
    with certain provisions of the indenture or for waiver of
    certain defaults;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    modify any provisions of the indenture relating to the
    modification and amendment of the indenture or the waiver of
    past defaults of covenants except as otherwise specified in the
    indenture.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    26
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of a majority in principal amount of our outstanding
    debt securities of any series may on behalf of the holders of
    all debt securities of that series waive, insofar as that series
    is concerned, compliance by us with certain restrictive
    provisions of the indenture. The holders of a majority in
    principal amount of outstanding debt securities of any series
    may waive any past default under the indenture with respect to
    that series, except a default in the payment of the principal of
    (or premium, if any) and interest, if any, on any debt security
    of that series or in respect of a provision which under the
    indenture cannot be modified or amended without the consent of
    the holder of each outstanding debt security of that series. The
    indenture or the debt securities may be amended or supplemented,
    without the consent of any holder of such debt securities, in
    order to, among other things, cure any ambiguity or
    inconsistency or to make any change, in any case, that would not
    adversely affect any holder of such debt securities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Defeasance
    and Covenant Defeasance</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, the indenture provides that, at our option, we will
    be discharged from any and all obligations in respect of the
    outstanding debt securities of any series upon irrevocable
    deposit with the trustee, in trust, of money
    <FONT style="white-space: nowrap">and/or</FONT>
    U.S.&#160;government securities which will provide money in an
    amount sufficient in the opinion of a nationally recognized firm
    of financial advisers or independent chartered accountants as
    evidenced by a certificate of an officer of the company
    delivered to the trustee to pay the principal of (and premium,
    if any) and interest, if any, on the outstanding debt securities
    of such series (hereinafter referred to as a
    &#147;defeasance&#148;) (except with respect to the
    authentication, transfer, exchange or replacement of our debt
    securities or the maintenance of a place of payment and certain
    other obligations set forth in the indenture). Such trust may
    only be established if, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in the
    United States stating that (i)&#160;we have received from, or
    there has been published by, the United States Internal Revenue
    Service a ruling, or (ii)&#160;since the date of execution of
    the indenture, there has been a change in the applicable United
    States federal income tax law, in either case to the effect that
    the holders of the outstanding debt securities of such series
    will not recognize income, gain or loss for United States
    federal income tax purposes as a result of such defeasance and
    will be subject to United States federal income tax on the same
    amounts, in the same manner and at the same times as would have
    been the case if such defeasance had not occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in Canada
    or a ruling from the Canada Revenue Agency to the effect that
    the holders of the outstanding debt securities of such series
    will not recognize income, gain or loss for Canadian federal,
    provincial or territorial income or other Canadian tax purposes
    as a result of such defeasance and will be subject to Canadian
    federal, provincial or territorial income and other Canadian tax
    on the same amounts, in the same manner and at the same times as
    would have been the case had such defeasance not occurred (and
    for the purposes of such opinion, such Canadian counsel will
    assume that holders of the outstanding debt securities of such
    series include holders who are not resident in Canada);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no event of default or event that, with the passing of time or
    the giving of notice, or both, will constitute an event of
    default will have occurred and be continuing on the date of such
    deposit;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we are not an &#147;insolvent person&#148; within the meaning of
    the <I>Bankruptcy and Insolvency Act </I>(Canada) on the date of
    such deposit and after the 91st&#160;day following the deposit,
    the trust funds will not be subject to the effect of any
    applicable bankruptcy, insolvency, reorganization or similar
    laws affecting creditors&#146; rights generally;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    other customary conditions precedent are satisfied.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may exercise our defeasance option notwithstanding our prior
    exercise of our covenant defeasance option described in the
    following paragraph if we meet the conditions described in the
    preceding paragraph at the time we exercise the defeasance
    option.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture provides that, at our option, unless and until we
    have exercised our defeasance option described above, we may
    omit to comply with the covenants described under
    &#147;<I>&#151;&#160;Negative Pledge</I>&#148; and
    &#147;<I>&#151;&#160;Limitation on Sale and Leaseback
    Transactions</I>&#148;, and certain aspects of the covenant
    described under &#145;&#145;<I>&#151;&#160;Consolidation,
    Amalgamation, Merger and Sale of Assets</I>&#148; and certain
    other covenants and such omission will not be deemed to be an
    event of default under the indenture and our outstanding debt
    securities upon irrevocable deposit with the trustee, in trust,
    of money
    <FONT style="white-space: nowrap">and/or</FONT>
    U.S.&#160;government securities which will provide money in an
    amount sufficient in the opinion of a nationally recognized firm
    of financial advisers or independent chartered accountants as
    evidenced by a certificate of an officer of the company
    delivered to the trustee to pay the principal of (and premium,
    if any) and interest, if any, on the outstanding debt securities
    (hereinafter referred to as &#147;covenant defeasance&#148;). If
    we exercise our covenant defeasance option, the obligations
    under
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    27
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the indenture other than with respect to such covenants and the
    events of default other than with respect to such covenants will
    remain in full force and effect. Such trust may only be
    established if, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in the
    United States to the effect that the holders of our outstanding
    debt securities will not recognize income, gain or loss for
    United States federal income tax purposes as a result of such
    covenant defeasance and will be subject to United States federal
    income tax on the same amounts, in the same manner and at the
    same times as would have been the case if such covenant
    defeasance had not occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have delivered to the trustee an opinion of counsel in Canada
    or a ruling from the Canada Revenue Agency to the effect that
    the holders of our outstanding debt securities will not
    recognize income, gain or loss for Canadian federal, provincial
    or territorial income or other Canadian tax purposes as a result
    of such covenant defeasance and will be subject to Canadian
    federal, provincial or territorial income and other Canadian tax
    on the same amounts, in the same manner and at the same times as
    would have been the case had such covenant defeasance not
    occurred (and for the purposes of such opinion, such Canadian
    counsel will assume that holders of our outstanding debt
    securities include holders who are not resident in Canada);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no event of default or event that, with the passing of time or
    the giving of notice, or both, will constitute an event of
    default will have occurred and be continuing on the date of such
    deposit;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we are not an &#147;insolvent person&#148; within the meaning of
    the <I>Bankruptcy and Insolvency Act </I>(Canada) on the date of
    such deposit and after the 91st&#160;day following the deposit,
    the trust funds will not be subject to the effect of any
    applicable bankruptcy, insolvency, reorganization or similar
    laws affecting creditors&#146; rights generally;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    other customary conditions precedent are satisfied.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture and the offered debt securities will be governed
    by, and construed in accordance with, the laws of the State of
    New York.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Consent
    to Service</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the indenture, Teck Cominco has irrevocably appointed CT
    Corporation System, 111&#160;&#150; 8th&#160;Avenue,
    13th&#160;Floor, New York, New York 10011, as its authorized
    agent upon which process may be served in any suit or proceeding
    arising out of or relating to the indenture or the offered debt
    securities that may be instituted in any federal or New York
    state court located in the Borough of Manhattan, in the City of
    New York, or brought by the trustee (whether in its individual
    capacity or in its capacity as trustee under the indenture), and
    will irrevocably submit to the non-exclusive jurisdiction of
    such courts.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Discharge
    of the Indenture</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may satisfy and discharge our obligations under the indenture
    with respect to the offered debt securities by delivering to the
    trustee for cancellation all such outstanding debt securities or
    by depositing with the trustee or the paying agent, after such
    debt securities have become due and payable, whether at stated
    maturity, on any redemption date or otherwise, cash sufficient
    to pay all of the outstanding debt securities and pay all other
    sums payable under the indenture by us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Enforceability
    of Judgments</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are incorporated under and governed by the laws of Canada.
    Many of our assets are located outside the United States and
    most of our directors and officers and some of the experts named
    in this prospectus are not residents of the United States. As a
    result, it may be difficult for you to effect service within the
    United States upon us and upon those directors, officers and
    experts, or to realize in the United States upon judgments of
    courts of the United States predicated upon our civil liability
    and the civil liability of our directors, officers or experts
    under the United States federal securities laws. We have been
    advised by our Canadian counsel, Lang Michener LLP, that there
    is doubt as to the enforceability in Canada by a court in
    original actions, or in actions to enforce judgments in United
    States courts, of civil liabilities predicated upon United
    States federal securities laws.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    28
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRICE
    RANGE AND TRADING VOLUMES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Class&#160;A common shares are listed and posted for trading
    on the Toronto Stock Exchange (the &#147;TSX&#148;) under the
    symbol &#147;TCK.A&#148;. The Class&#160;B subordinate voting
    shares are listed and posted for trading on the TSX and the New
    York Stock Exchange (the &#147;NYSE&#148;) under the symbols
    &#147;TCK.B&#148; and &#147;TCK&#148;, respectively. The
    following tables set forth the reported high and low closing
    sale prices and the aggregate volume of trading of the
    Class&#160;A common shares and the Class&#160;B subordinate
    voting shares on the TSX during the 12&#160;months preceding the
    date of this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="22%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="7%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="16%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD colspan="12" align="left" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Class A Common Shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="12" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Class B Subordinate Voting Shares</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Volume</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Volume</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2007</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    July
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    58.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    50.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    107,229
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    July
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52.22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    45.80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57,190,129
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    August
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48.45
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    134,156
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    August
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    46.31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40.35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    56,387,114
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    September
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55.45
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    51.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    September
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48.22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    42.58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,170,476
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    October
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    57.36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52.85
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46,011
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    October
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    51.24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    46.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46,236,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    November
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    42.34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65,628
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    November
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    45.74
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    34.83
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78,523,395
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    December
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81,623
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    December
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    33.60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    58,262,811
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2008</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    January
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    44.90
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96,801
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    January
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    36.02
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    28.98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    86,587,974
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    February
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    47.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    60,641
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    February
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    41.19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    32.88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77,971,117
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    March
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48.45
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43.01
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45,853
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    March
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    42.91
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38.27
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,921,957
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    April
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    53.74
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    46.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35,851
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    April
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48.28
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    41.09
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65,213,122
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    May
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    56.01
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141,962
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    May
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43.60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50,421,912
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    June
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    53.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    49.40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70,083
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    June
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    50.01
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    47.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39,945,448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    July
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    51.99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40.37
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    54,746
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    July
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48.66
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38.66
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70,152,804
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    INCOME TAX CONSEQUENCES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement will describe to an
    investor who is a non-resident of Canada certain Canadian
    federal income tax consequences of acquiring any debt securities
    offered thereunder, including whether the payments of principal,
    premium (if any) and interest will be subject to Canadian
    non-resident withholding tax. The applicable prospectus
    supplement will also describe certain United States federal
    income tax consequences of the acquisition, ownership and
    disposition of any debt securities offered thereunder by an
    initial investor who is a United States person (within the
    meaning of the United States Internal Revenue Code).
</DIV>
<A name='113'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PLAN OF
    DISTRIBUTION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may sell the offered debt securities to or through
    underwriters or dealers, and also may sell such debt securities
    to one or more other purchasers directly or through agents.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement will set forth the terms of
    the offering relating to the particular debt securities,
    including, to the extent applicable, the name or names of any
    underwriters or agents, the initial offering price or prices of
    the offered debt securities, the proceeds to us from the sale of
    the offered debt securities, any underwriting discount or
    commission and any discounts, concessions or commissions allowed
    or reallowed or paid by any underwriter to other dealers. Any
    initial offering price and any discounts, concessions or
    commissions allowed or reallowed or paid to dealers may be
    changed from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The offered debt securities may be sold from time to time in one
    or more transactions at a fixed price or prices, which may be
    changed, or at market prices prevailing at the time of sale, at
    prices related to such prevailing market prices or at prices to
    be negotiated with purchasers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the sale of the offered debt securities,
    underwriters may receive compensation from us or from purchasers
    of such debt securities for whom they may act as agents in the
    form of concessions or commissions. Underwriters, dealers and
    agents that participate in the distribution of the offered debt
    securities may be deemed to be underwriters and any commissions
    received by them from us and any profit on the resale of such
    debt securities by them may be deemed to be underwriting
    commissions under the U.S.&#160;Securities Act of 1933, as
    amended (the &#147;Securities Act&#148;).
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If so indicated in the applicable prospectus supplement, we may
    authorize dealers or other persons acting as the company&#146;s
    agents to solicit offers by certain institutions to purchase the
    offered debt securities directly from the company pursuant to
    contracts providing for payment and delivery on a future date.
    Such contracts will be subject only to the conditions set forth
    in such prospectus supplement, which will also set forth the
    commission payable for solicitation of such contracts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Underwriters, dealers and agents who participate in the
    distribution of the offered debt securities may be entitled
    under agreements to be entered into with us to indemnification
    by us against certain liabilities, including liabilities under
    the Securities Act, or to contributions with respect to payments
    which such underwriters, dealers, or agents may be required to
    make in respect thereof. Such underwriters, dealers and agents
    may be customers of, engage in transactions with or perform
    services for us in the ordinary course of business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with any offering of debt securities, the
    underwriters may over-allot or effect transactions which
    stabilize or maintain the market price of the debt securities
    offered at a level above that which might otherwise prevail in
    the open market. Such transactions, if commenced, may be
    discontinued at any time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The offered debt securities will not be qualified for sale under
    the securities laws of Canada or any province or territory of
    Canada, unless the applicable prospectus supplement indicates
    otherwise with respect to the offered debt securities, and may
    not be offered or sold, directly or indirectly, in Canada or to
    residents of Canada in contravention of the securities laws of
    any province or territory of Canada. Each underwriter and each
    dealer participating in the distribution of offered debt
    securities will agree that, unless the applicable prospectus
    supplement indicates otherwise, it will not, directly or
    indirectly, offer, sell or deliver any such offered debt
    securities purchased by it in connection with such distribution
    in Canada or to residents of Canada in contravention of the
    securities laws of any province or territory of Canada.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each series of offered debt securities will be a new issue of
    debt securities with no established trading market. Unless
    otherwise specified in the applicable prospectus supplement
    relating to a series of offered debt securities, the offered
    debt securities will not be listed on any securities exchange or
    automated quotation system and you may not be able to resell any
    such debt securities purchased. Certain broker-dealers may make
    a market in the offered debt securities, but will not be
    obligated to do so and may discontinue any market making at any
    time without notice. No assurance can be given that any
    broker-dealer will make a market in the offered debt securities
    of any series or as to the liquidity of the trading market for
    the offered debt securities of any series.
</DIV>
<A name='114'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise specified in the applicable prospectus
    supplement, certain matters of Canadian law will be passed upon
    for the company by Lang Michener LLP, Toronto and Vancouver,
    Canada. Certain matters of United States law will be passed upon
    for the company by Paul, Weiss, Rifkind, Wharton&#160;&#038;
    Garrison LLP, New York, New York. In addition, certain matters
    of United States and Canadian law will be passed upon for the
    underwriters by Shearman&#160;&#038; Sterling LLP, Toronto,
    Canada and Blake, Cassels &#038; Graydon&#160;LLP, Toronto,
    Canada, respectively.
</DIV>
<A name='115'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our consolidated financial statements as at December&#160;31,
    2007 and 2006 and for each of the years in the three-year period
    ended December&#160;31, 2007 have been incorporated herein by
    reference in reliance upon the report of PricewaterhouseCoopers
    LLP, independent chartered accountants, incorporated herein by
    reference, given upon the authority of such firm as experts in
    accounting and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements of Aur Resources Inc. as
    at December&#160;31, 2006 and 2005 and for each of the years in
    the two-year period ended December&#160;31, 2006 have been
    incorporated herein by reference in reliance upon the report of
    PricewaterhouseCoopers LLP, independent chartered accountants,
    incorporated herein by reference, given upon the authority of
    such firm as experts in accounting and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements of Fording as at
    December&#160;31, 2007 and 2006 and for each of the years in the
    three-year period ended December&#160;31, 2007 have been
    incorporated herein by reference in reliance upon the report of
    PricewaterhouseCoopers LLP, independent chartered accountants,
    incorporated herein by reference, given upon the authority of
    such firm as experts in accounting and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The statements as to our mineral reserves and resources which
    appear in our Annual Information Form for the year ended
    December&#160;31, 2007 have been incorporated by reference
    herein upon the authority of the following experts: Paul
    C.&#160;Bankes, P.Geo., Dan Gurtler, AIMM, Don Mills, P.Geol.,
    and Ross Pritchard, P. Eng., each of whom has acted as a
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Qualified Person (as such term is defined in National Instrument
    <FONT style="white-space: nowrap">43-101&#160;&#151;</FONT>
    <I>Standards of Disclosure for Mineral Projects</I>) in
    connection with these estimates of reserves and resources.
    Mr.&#160;Bankes is an employee of the company.
    Messrs.&#160;Mills and Pritchard are employees of Elk Valley
    Coal Partnership, of which the company is the managing partner.
    Mr.&#160;Gurtler is an employee of Compa&#241;&#237;a Minera
    Antamina S.A., in which the company holds a 22.5% share
    interest. Sproule Associates Limited (&#147;Sproule&#148;) has
    acted as an independent reserves auditor in connection with our
    interest in the Fort&#160;Hills project. GLJ Petroleum
    Consultants Ltd. (&#147;GLJ&#148;) has acted as an independent
    reserves auditor in connection with our interest in certain oil
    sand leases in the Athabasca region of Alberta.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As at the date hereof, Messrs.&#160;Bankes, Gurtler, Mills and
    Pritchard, the principals of Sproule and GLJ, and the partners
    and associates of Lang Michener LLP, as a group, hold
    beneficially, directly or indirectly, less than 1% of any class
    of our securities.
</DIV>
<A name='116'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DOCUMENTS
    FILED AS PART&#160;OF THE REGISTRATION STATEMENT</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following documents have been filed with the SEC as part of
    the registration statement of which this prospectus is a part
    insofar as required by the SEC&#146;s
    <FONT style="white-space: nowrap">Form&#160;F-9:</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    the documents listed under <I>&#147;Where You Can Find More
    Information&#148;</I> in this prospectus;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    the consent of our independent accountants,
    PricewaterhouseCoopers LLP;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    the consent of Aur Resources Inc.&#146;s independent
    accountants, PricewaterhouseCoopers LLP;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    the consent of Fording&#146;s independent accountants,
    PricewaterhouseCoopers LLP;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    the consent of our Canadian counsel, Lang Michener LLP;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (f)&#160;
</TD>
    <TD align="left">
    the consents of Paul C. Bankes, P.Geo., an employee of Teck
    Cominco, Dan Gurtler, AIMM, an employee of Compa&#241;&#237;a
    Minera Antamina S.A., Don Mills, P.Geol., and Ross Pritchard,
    P.Eng., employees of Elk Valley Coal Partnership, Sproule
    Associates Limited, and GLJ Petroleum Consultants Ltd.;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (g)&#160;
</TD>
    <TD align="left">
    powers of attorney from directors and officers of Teck Cominco;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (h)&#160;
</TD>
    <TD align="left">
    a copy of the trust indenture dated as of September&#160;12,
    2002 relating to the debt securities and the form of Cominco
    note and pledge agreement relating thereto;&#160;and
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    statement of eligibility of the trustee on
    <FONT style="white-space: nowrap">Form&#160;T-1.</FONT>
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<A name='118'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CONSENTS
    OF AUDITORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have read the amended and restated short form base shelf
    prospectus (the &#147;prospectus&#148;) of Teck Cominco Limited
    (the &#147;company&#148;) dated August&#160;1, 2008, relating to
    the offer and sale, from time to time, of debt securities of the
    company having an aggregate offering price of up to
    US$6,000,000,000. We have complied with Canadian generally
    accepted standards for an auditor&#146;s involvement with
    offering documents.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We consent to the incorporation by reference in the
    above-mentioned prospectus of our report to the shareholders of
    the company with respect to the consolidated balance sheets of
    the company as at December&#160;31, 2007 and 2006, and the
    consolidated statements of earnings, comprehensive income,
    retained earnings and cash flows for each of the years in the
    three-year period ended December&#160;31, 2007. Our report to
    the shareholders is dated February&#160;27, 2008.
</DIV>

<DIV style="margin-top: 25pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Signed) <I>PricewaterhouseCoopers LLP</I>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Chartered Accountants
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Vancouver, Canada
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    August&#160;1, 2008
</DIV>

<CENTER style="font-size: 1pt; width: 17%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=479 length=84 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have read the amended and restated short form base shelf
    prospectus (the &#147;prospectus&#148;) of Teck Cominco Limited
    (the &#147;company&#148;) dated August&#160;1, 2008, relating to
    the offer and sale, from time to time, of debt securities of the
    company having an aggregate offering price of up to
    US$6,000,000,000. We have complied with Canadian generally
    accepted standards for an auditor&#146;s involvement with
    offering documents.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We consent to the incorporation by reference in the
    above-mentioned prospectus of our report to the shareholder of
    Aur Resources Inc. (&#147;Aur&#148;) on the consolidated balance
    sheets of Aur as at December&#160;31, 2006 and 2005, and the
    consolidated statements of operations, retained earnings and
    cash flow for the years then ended. Our report to the
    shareholder of Aur is dated February&#160;7, 2007 except for
    notes&#160;1(p) and 18(c) which are as of October&#160;29, 2007.
</DIV>

<DIV style="margin-top: 25pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Signed) <I>PricewaterhouseCoopers LLP</I>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Chartered Accountants, Licensed Public Accountants
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Toronto, Canada
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    August&#160;1, 2008
</DIV>

<CENTER style="font-size: 1pt; width: 17%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=479 length=84 -->

<DIV style="margin-top: 20pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have read the amended and restated short form base shelf
    prospectus (the &#147;prospectus&#148;) of Teck Cominco Limited
    (the &#147;company&#148;) dated August&#160;1, 2008, relating to
    the offer and sale, from time to time, of debt securities of the
    company having an aggregate offering price of up to
    US$6,000,000,000. We have complied with Canadian generally
    accepted standards for an auditor&#146;s involvement with
    offering documents.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We consent to the incorporation by reference in the
    above-mentioned prospectus of our report to the unitholders of
    Fording Canadian Coal Trust (&#147;Fording &#147;) on the
    consolidated balance sheets of Fording as at December&#160;31,
    2007 and 2006, and the consolidated statements of income and
    comprehensive income, accumulated earnings and cash flows for
    each of the years in the three-year period ended
    December&#160;31, 2007. Our report to the unitholders of Fording
    is dated March&#160;11, 2008.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Signed) <I>PricewaterhouseCoopers LLP</I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Chartered Accountants
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Calgary, Canada
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    August&#160;1, 2008
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<A name='119'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;A</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    COMINCO LIMITED<BR>
    PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS<BR>
    (Unaudited)</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    COMINCO LIMITED<BR>
    <BR>
    PRO FORMA CONSOLIDATED BALANCE SHEET<BR>
    As at June&#160;30, 2008<BR>
    </FONT></B><I><FONT style="font-family: 'Times New Roman', Times">($&#160;millions,
    unaudited)</FONT></I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="58%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Pro Forma Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Teck</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Fording</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note 3</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amounts</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Teck</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>A</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>B</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>C</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>A+B+C</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>ASSETS</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Current assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,162
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    273
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    a
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9,331
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,129
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    a
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (502
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    e
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,865
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    f
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (338
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accounts receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    902
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    295
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,197
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Inventories and other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    159
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    b
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    179
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,331
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,057
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    727
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,657
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Investments</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,815
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    a
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,201
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,075
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    c
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (740
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    d
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11,201
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Property, plant and equipment and other non-current assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,314
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    719
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    b
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,989
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,099
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    c
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,077
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14,186
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,446
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26,831
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>LIABILITIES AND SHAREHOLDERS&#146; EQUITY</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Current liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accounts payable and accrued liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    775
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    193
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    968
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Dividends payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    221
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    372
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    593
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Current portion of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    e
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,705
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,737
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    f
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,028
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    567
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Long-term debt</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,508
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    314
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    e
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,160
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,646
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    f
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (336
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Other liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    935
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    165
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    b
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,223
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    c
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    42
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Future income and resource taxes</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,204
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    134
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    b
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,785
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    c
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    348
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Minority interests</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,751
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,180
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,028
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Shareholders&#146; equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,435
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    266
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    a
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,803
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    b
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,988
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    c
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (53
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    d
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11,201
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14,186
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,446
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26,831
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    34
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    COMINCO LIMITED<BR>
    <BR>
    PRO FORMA CONSOLIDATED STATEMENT OF EARNINGS<BR>
    For the year ended December&#160;31, 2007<BR>
    </FONT></B><I><FONT style="font-family: 'Times New Roman', Times">($&#160;millions,
    unaudited)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="46%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Pro Forma Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Teck</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Fording</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note 3</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amounts</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Teck</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>A</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>B</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>C</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>A+B+C</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7,798
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,300
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,040
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    g
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,309
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    i
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (333
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (51
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    g
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (351
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (768
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    i
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,738
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    336
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,721
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    General and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (109
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (28
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (137
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest on long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (85
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    h
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (509
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (593
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    j
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Mineral exploration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (105
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (105
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Research and development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Asset impairment charges
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (69
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (69
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    170
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    147
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    317
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (230
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (619
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,508
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    434
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,102
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Provision for income and resource taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (795
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (112
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    l
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    315
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (592
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Minority interests
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (47
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (47
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equity earnings (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    i
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (28
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net earnings from continuing operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,661
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    322
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,430
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Discontinued operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    k
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net earnings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,615
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,384
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earnings per share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="15" valign="bottom">
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pro
    forma earnings per share (Note&#160;5)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Basic</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>3.74</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>2.96</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Diluted</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>3.72</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>2.94</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earnings per share from continuing operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="19" valign="bottom">
    Pro forma earnings per share from continuing operations
    (Note&#160;5)
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Basic</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>3.85</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>3.06</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Diluted</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>3.83</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>3.04</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    35
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    COMINCO LIMITED<BR>
    <BR>
    PRO FORMA CONSOLIDATED STATEMENT OF EARNINGS<BR>
    For the six months ended June&#160;30, 2008<BR>
    </FONT></B><I><FONT style="font-family: 'Times New Roman', Times">($&#160;millions,
    unaudited)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="45%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="6%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="6%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Pro Forma Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Teck</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Fording</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note 3</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amounts</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Teck</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>A</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>B</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>C</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>A+B+C</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,441
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,148
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,589
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,735
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (617
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    g
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,318
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    i
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (213
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (29
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    g
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (176
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (435
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    i
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,493
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    502
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,836
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
     General and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (70
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    h
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (258
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest on long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (37
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    j
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (294
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Mineral exploration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Research and development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (16
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (16
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Asset impairment charge
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (12
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (12
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (34
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (148
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (65
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (462
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,345
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    437
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,374
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Provision for income and resource taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (503
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    l
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (426
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Minority interests
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (59
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (59
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equity earnings (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    i
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (54
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net earnings from continuing operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    847
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    374
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    899
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Discontinued operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net earnings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    842
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    374
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    894
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earnings per share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="15" valign="bottom">
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pro forma
    earnings per share (Note&#160;5)
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Basic</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.90</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.87</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Diluted</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.90</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.86</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earnings per share from continuing operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="19" valign="bottom">
    Pro forma earnings per share from continuing operations
    (Note&#160;5)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Basic</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.92</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.88</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <I>Diluted</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.91</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>$</I>
</TD>
<TD nowrap align="right" valign="bottom">
    <I>1.87</I>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    36
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    COMINCO LIMITED<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRO FORMA
    CONSOLIDATED FINANCIAL STATEMENTS</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Expressed in Canadian dollars unless otherwise indicated</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Unaudited</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">1.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">BASIS OF
    PRESENTATION</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These unaudited pro forma consolidated financial statements (the
    &#147;pro forma financial statements&#148;) of Teck Cominco
    Limited (&#147;Teck&#148;) have been prepared in accordance with
    generally accepted accounting principles in Canada. These pro
    forma financial statements do not contain all of the information
    required for annual financial statements. Accordingly they
    should be read in conjunction with the most recent annual and
    interim financial statements of Teck, and the most recent annual
    and interim financial statements of Fording Canadian Coal Trust
    (&#147;Fording&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These pro forma financial statements have been prepared assuming
    that the acquisition of Fording had been completed on
    January&#160;1, 2007 for the unaudited pro forma consolidated
    statements of earnings and on June&#160;30, 2008 for the
    unaudited pro forma consolidated balance sheet.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These pro forma financial statements are not intended to reflect
    the financial position that would have resulted had the
    transaction actually been effected on June&#160;30, 2008 or the
    results of operations had the transaction been effected on
    January&#160;1, 2007. Furthermore, the pro forma results of
    operations may not be indicative of future results.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">2.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">SIGNIFICANT
    ACCOUNTING POLICIES</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accounting policies used in the preparation of these pro forma
    financial statements are those disclosed in Teck&#146;s audited
    consolidated financial statements for the year ended
    December&#160;31, 2007 and Teck&#146;s unaudited consolidated
    financial statements for the six months ended June&#160;30,
    2008. For the purposes of these pro forma financial statements,
    no attempt has been made to harmonize the accounting policies of
    Teck and Fording.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">3.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">PRO FORMA
    ADJUSTMENTS</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The acquisition of the net assets of Fording by Teck is
    accounted for using the purchase method. Accordingly,
    Fording&#146;s assets and liabilities are measured at their
    estimated individual fair values on the date of the acquisition.
    Teck owned 30&#160;million units or approximately 19.82% of
    Fording prior to the Acquisition and accounted for its interest
    in Fording using the equity method. Accordingly, the 19.82%
    proportion of Fording&#146;s net assets were measured based on
    the estimated fair values at the dates that those units were
    acquired. Teck&#146;s investment in Fording and Fording&#146;s
    net assets are eliminated upon consolidation. Teck&#146;s assets
    and liabilities are not revalued as part of this process.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The pro forma financial statements assume the completion of a
    business combination at June&#160;30, 2008 whereby all of the
    assets of Fording, are acquired by way of a plan arrangement for
    total consideration of $11,201&#160;million, comprising
    36.5&#160;million Class&#160;B subordinate voting shares of Teck
    and $9,833&#160;million in cash.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The measurement of the share component of the purchase
    consideration in the pro forma financial statements is based on
    the Teck Class&#160;B subordinate voting shares price of $39.33.
    The share price is determined using the average closing price on
    the New York Stock Exchange on the last two trading days prior
    to the announcement of the Fording offer, calculated using an
    exchange rate of US$1.02 for CAD$1.00.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The calculation of the purchase consideration and the allocation
    of the purchase price to the assets and liabilities of Fording
    as presented in these pro forma financial statements is
    preliminary and subject to change. In arriving at the fair
    values of assets and liabilities, Teck has made assumptions and
    estimates. The actual fair values of the assets and liabilities
    will be determined as of the date of the acquisition, not the
    dates used in the preparation of these pro forma financial
    statements. The amounts determined may differ materially from
    the amounts disclosed in the purchase price allocation set out
    in (b)&#160;below due to changes in the estimates of fair values
    of the assets and liabilities as more information is available
    for assessment. Any such changes in the determination and
    allocation of the purchase price could also result in changes to
    the adjustments to earnings in subsequent periods.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    37
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    COMINCO LIMITED<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRO FORMA
    CONSOLIDATED FINANCIAL STATEMENTS&#160;&#151;
    (Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">3.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">PRO FORMA
    ADJUSTMENTS (Continued)</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Balance
    Sheet Adjustments:</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Adjustments related to the pro forma consolidated balance sheet
    as at June&#160;30, 2008 have been made as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    To record the purchase of Fording assets for cash and the
    issuance of Teck shares as follows:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="91%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <I>($ millions)</I>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash portion of the Fording Acquisition
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9,331
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Issue of 36.5&#160;million Teck subordinate voting
    shares<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,699
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Transaction costs, taxes and other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    502
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total purchase price
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11,201
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <I>(1) </I></TD>
    <TD></TD>
    <TD valign="bottom">
    <I>The price was calculated using a price of $39.46 for each
    Teck subordinate voting share issued, net of deemed issue
    costs.</I></TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    The following allocates the purchase price based on
    management&#146;s preliminary estimate of fair values after
    giving effect to (a)&#160;above:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="67%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fording<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fording<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Book Value<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fair Value<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fair Value<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>($ millions)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(80.18%)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(80.18%)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    219
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    219
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Inventories
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    127
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    179
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    306
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Property, plant and equipment and other non-current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    576
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,989
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,565
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,159</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>11,168</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>12,327</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current portion of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    453
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    453
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    132
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Future income and resource taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    107
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    206
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>946</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>180</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,126 </B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net assets purchased</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>213</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10,988</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>11,201 </B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    To reclassify the historic purchase price adjustments on the
    19.82% of Fording units held prior to the Acquisition from
    equity investments to the balance sheet items to which they
    relate.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    To eliminate the 80.18% investment in Fording on consolidation.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    To record the proceeds of the additional $10&#160;billion of
    debt less $135&#160;million in transaction fees to finance the
    cash portion of the Acquisition. These statements assume a
    drawdown of a bridge facility of $6&#160;billion of which
    $5&#160;billion will be replaced by the issuance of long-term
    bonds either prior to or shortly after the Acquisition, with the
    remainder of the bridge facility to be retired by operating cash
    flow. The remaining $4&#160;billion debt is an amortizing
    3&#160;year term loan.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (f)&#160;
</TD>
    <TD align="left">
    To record the repayment of Fording and Elk Valley Coal
    Partnership debt at the date of the Acquisition.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Income Statement Adjustments:</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (g)&#160;
</TD>
    <TD align="left">
    To depreciate and amortize the preliminary fair value
    adjustments as set out in (b)&#160;above.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    38
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TECK
    COMINCO LIMITED<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRO FORMA
    CONSOLIDATED FINANCIAL STATEMENTS&#160;&#151;
    (Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (h)&#160;
</TD>
    <TD align="left">
    To record interest expense on the debt incurred to finance the
    Acquisition.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    To eliminate Teck&#146;s equity earnings from Fording units held
    prior to the Acquisition and to reclassify depreciation of the
    historic purchase price adjustments on the 19.82% of Fording
    units held prior to the Acquisition from equity earnings to the
    statement of earnings line items to which they relate.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (j)&#160;
</TD>
    <TD align="left">
    To eliminate interest expense on Fording and Elk Valley Coal
    Partnership debt per (f)&#160;above.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="5%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (k)&#160;
</TD>
    <TD align="left">
    To eliminate the results of Fording&#146;s discontinued
    operations, which are not part of the Acquisition.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (l)&#160;
</TD>
    <TD align="left">
    To provide for taxes on the above items.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">4.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEMS&#160;NOT
    ADJUSTED</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The adjustments made to the pro forma consolidated statements of
    earnings reflect only those items that are expected to recur and
    do not include one-time charges to income that are expected to
    occur immediately following the transaction. In addition, the
    pro forma consolidated statements of earnings do not give effect
    to operating efficiencies, cost savings and synergies that may
    result from the Acquisition.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">5.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">PRO FORMA
    EARNINGS PER SHARE INFORMATION</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="67%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Six Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;30, 2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Basic pro forma earnings per share computation</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Numerator <I>($&#160;millions)</I>:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma net earnings from continuing operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    899
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,430
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma net earnings from discontinued operation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma net earnings available to shareholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    894
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,384
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Denominator <I>(thousands of shares)</I>:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Teck weighted average shares outstanding
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    442,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    431,498
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Shares issued to Fording unitholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36,481
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36,481
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma weighted average shares outstanding
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    478,681
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    467,979
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Basic pro forma earnings per share</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2.96
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Basic pro forma earnings per share from continuing
    operations</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3.06
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Diluted pro forma earnings per share computation</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Numerator <I>($&#160;millions)</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma net earnings available to shareholders, assuming
    dilution
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    894
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,384
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma net earnings available to shareholders from continuing
    operations, assuming dilution
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    899
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,430
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Denominator <I>(thousands of shares)</I>:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma weighted average shares outstanding
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    478,681
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    467,979
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Dilutive effect of Teck share options
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,774
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,229
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Pro forma weighted average shares outstanding
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    480,455
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    470,208
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Diluted pro forma earnings per share</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.86
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2.94
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Diluted pro forma earnings per share from continuing
    operations</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3.04
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    39
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="o41422o4142501.gif" alt="(COMPANY LOGO)"><FONT style="font-size: 6pt; font-family: Arial, Helvetica">
    </FONT>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<P>
<P>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- 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>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION NOT REQUIRED TO BE DELIVERED<BR>
TO OFFEREES OR PURCHASERS</B>

</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the <I>Canada Business Corporations Act </I>(the &#147;CBCA&#148;), Teck Cominco Limited (the
&#147;Registrant&#148;) may indemnify a present or former director or officer of the Registrant or another
individual who acts or acted at the Registrant&#146;s request as a director or officer, or an individual
acting in a similar capacity, of another entity, against all costs, charges and expenses, including
an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in
respect of any civil, criminal, administrative, investigative or other proceeding in which the
individual is involved because of that association with the Registrant or the other entity. The
Registrant may not indemnify an individual unless the individual acted honestly and in good faith
with a view to the best interests of the Registrant, or, as the case may be, to the best interests
of the other entity for which the individual acted as a director or officer or in a similar
capacity at the Registrant&#146;s request and in the case of a criminal or administrative action or
proceeding that is enforced by a monetary penalty, the individual had reasonable grounds for
believing that the conduct was lawful. The indemnification may be made in connection with a
derivative action only with court approval. The aforementioned individuals are entitled to
indemnification from the Registrant as a matter of right if they were not judged by the court or
other competent authority to have committed any fault or omitted to do anything that the individual
ought to have done and they fulfill the conditions set out above. The Registrant may advance
moneys to the individual for the costs, charges and expenses of a proceeding; however, the
individual shall repay the moneys if the individual does not fulfill the conditions set out above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The by-laws of the Registrant provide that, subject to the limitations contained in the CBCA,
the Registrant shall indemnify a director or officer, a former director or officer, or a person who
acts or acted at the Registrant&#146;s request as a director or officer of a body corporate of which the
Registrant is or was a shareholder or creditor (or a person who undertakes or has undertaken any
liability on behalf of the Registrant or any such body corporate) and his heirs and legal
representatives against all costs, charges and expenses, including an amount paid to settle an
action or satisfy a judgment, reasonably incurred by him in respect of any civil, criminal or
administrative action or proceeding to which he was made a party by reason of being or having been
a director or officer of the Registrant or such body corporate, if he acted honestly and in good
faith with a view to the best interests of the Registrant, and in the case of a criminal or
administrative action or proceeding that is enforced by a monetary penalty, he had reasonable
grounds for believing that his conduct was lawful. The by-laws of the Registrant also provide that
the Registrant shall also indemnify such a person in such other circumstances as the CBCA permits
or requires.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The by-laws of the Registrant provide that the Registrant may, subject to the limitations
contained in the CBCA, purchase and maintain insurance for the benefit of any person referred to in
the foregoing paragraph. The Registrant has purchased third party director and officer liability
insurance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing
provisions, the Registrant has been informed that in the opinion of the U.S. Securities and
Exchange Commission such indemnification is against public policy as expressed in the
Securities Act of 1933 and is therefore unenforceable.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-1<!-- /Folio -->
</DIV>

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

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBITS</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="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of the Registrant, dated March&nbsp;19, 2008, for the fiscal
year ended December&nbsp;31, 2007 (incorporated by reference to the Registrant&#146;s Annual
Report on Form&nbsp;40-F for the fiscal year ended December&nbsp;31, 2007 filed with the
Securities and Exchange Commission on March&nbsp;27, 2008) (Teck Cominco Limited&#146;s
Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The audited consolidated financial statements of the Registrant and the related
notes thereto as at December&nbsp;31, 2007 and 2006, and for each of the years in the
three year period ended December&nbsp;31, 2007, and the Auditors&#146; Report thereon
(incorporated by reference to the Registrant&#146;s Annual Report on Form&nbsp;40-F for the
fiscal year ended December&nbsp;31, 2007 filed with the Securities and Exchange
Commission on March&nbsp;27, 2008) (Teck Cominco Limited&#146;s Securities and Exchange
Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of the Registrant for the year ended December&nbsp;31, 2007 (incorporated by reference
to the Registrant&#146;s Annual Report on Form&nbsp;40-F for the fiscal year ended December
31, 2007 filed with the Securities and Exchange Commission on March&nbsp;27, 2008)
(Teck Cominco Limited&#146;s Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The unaudited consolidated interim financial statements of the Registrant and the
related notes thereto for the six months ended June&nbsp;30, 2008 and 2007
(incorporated by reference to the Registrant&#146;s Form&nbsp;6-K filed with the Securities
and Exchange Commission on July&nbsp;25, 2008) (Teck Cominco Limited&#146;s Securities and
Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of the Registrant for the six months ended June&nbsp;30, 2008 (incorporated by
reference to the Registrant&#146;s Form&nbsp;6-K filed with the Securities and Exchange
Commission on July&nbsp;25, 2008) (Teck Cominco Limited&#146;s Securities and Exchange
Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Business Acquisition Report dated October&nbsp;29, 2007 in respect of the Registrant&#146;s
acquisition of Aur Resources Inc. (&#147;Aur&#148;)(incorporated by reference to the
Registrant&#146;s Form&nbsp;6-K filed with the Securities and Exchange Commission on October
30, 2007) (Teck Cominco Limited&#146;s Securities and Exchange Commission File No.
1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Management Proxy Circular of the Registrant, dated March&nbsp;3, 2008, issued in
connection with the Annual and Special Meeting of Shareholders of the Registrant
held on April&nbsp;23, 2008 (incorporated by reference to the Registrant&#146;s Report on
Form&nbsp;6-K filed with the Securities and Exchange Commission on March&nbsp;19, 2008)
(Teck Cominco Limited&#146;s Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Material Change Report dated July
31, 2008 concerning the Registrant entering
into an arrangement agreement with Fording Canadian Coal Trust
(&#147;Fording&#148;), pursuant to
which the Registrant intends to acquire Fording&#146;s assets (incorporated by reference
to the Registrant&#146;s Report on Form&nbsp;6-K filed with the Securities and Exchange
Commission on August 1, 2008) (Teck Cominco Limited&#146;s Securities and Exchange
Commission File No.&nbsp;1-13184).</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Material
Change Report dated August 1, 2008 concerning the Registrant
entering into an agreement with Fording, pursuant to which the
Registrant intends to acquire Fording&#146;s assets (incorporated by
reference to the Registrant&#146;s Report on Form&nbsp;6-K filed with
the Securities and Exchange Commission on August 1, 2008) (Teck
Cominco Limited&#146;s Securities and Exchange Commission
File&nbsp;No 1-13184).</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audited consolidated financial
statements of Fording, and the related notes
thereto, as at December&nbsp;31, 2007 and December&nbsp;31, 2006, and
for each of the years in the three year period ended on
December&nbsp;31, 2007 and the Auditors&#146; Report
thereon (incorporated by reference to Fording&#146;s Annual Report on Form&nbsp;40-F
for the fiscal year ended December&nbsp;31, 2007 filed with the Securities and Exchange
Commission on March&nbsp;17, 2008) (Fording&#146;s Securities and Exchange Commission File
No. 001-15230).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Unaudited consolidated interim
financial statements of Fording, and the related
notes thereto, for the six months ended June&nbsp;30, 2008 (incorporated by
reference to Fording&#146;s Report on Form&nbsp;6-K filed with the Securities and
Exchange Commission on July&nbsp;24, 2008) (Fording&#146;s Securities and Exchange
Commission File No.&nbsp;001-15230).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP in respect of the Registrant&#146;s financials.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP in respect of Aur&#146;s financials.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers
LLP in respect of Fording&#146;s financials</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Lang Michener LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Paul C. Bankes, P. Geo.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Dan Gurtler, AIMM.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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

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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Sproule Associates Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Don Mills, P. Geol.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ross Pritchard, P. Eng.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of GLJ Petroleum Consultants Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this Registration Statement).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trust Indenture dated as of September&nbsp;12, 2002 (the &#147;Trust Indenture&#148;), by and
between Teck Cominco Limited and The Bank of New York as Trustee (the form of
which is incorporated by reference to the Registrant&#146;s Registration Statement on
Form&nbsp;F-9 filed with the Securities and Exchange Commission on July&nbsp;15, 2002
(Registration No.&nbsp;333-92116)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Statement of Eligibility of the Trustee of Form&nbsp;T-1.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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

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


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


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>UNDERTAKING AND CONSENT TO SERVICE OF PROCESS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Undertaking</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant 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 F-9 or
to transactions in said securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. Consent to Service of Process</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concurrent with the filing of this Registration Statement, the Registrant has filed with the
Commission a written irrevocable consent and power of attorney on Form F-X.
</DIV>

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

<P align="center" style="font-size: 10pt"><!-- Folio -->III-1<!-- /Folio -->
</DIV>

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

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

<DIV align="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 Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form F-9 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Vancouver, Province of British Columbia, Country of
Canada, on August 1, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>TECK COMINCO LIMITED</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/&nbsp;&nbsp;Donald
R. Lindsay&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Donald R. Lindsay&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints Donald R. Lindsay
and Ronald A. Millos, and each of them, any of whom may act without the joinder of the other, the
true and lawful attorney-in-fact and agent of the undersigned, with full power of substitution and
resubstitution, for and in the name, place and stead of the undersigned, in any and all capacities,
to sign any and all amendments to this Registration Statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, and hereby grants to such attorney-in-fact and agent, full power and authority to do
and perform each and every act and thing requisite and necessary to be done, as fully to all
intents and purposes as the undersigned might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
</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="3%">&nbsp;</TD>
      <TD width="40%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="14%">&nbsp;</TD>
    </TR>
    <TR style="font-size: 8pt" valign="bottom">
      <TD nowrap align="left"><B>Signature</B></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="left"><B>Capacity</B></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="left"><B>Date</B></TD>
    </TR>
    <!-- End Table Head -->
    <!-- Begin Table Body -->
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>

    <TR valign="bottom">
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>


    <TR valign="bottom">
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;&nbsp;Norman B. Keevil

<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Norman B. Keevil </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Chairman and Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August 1, 2008</td>
    </TR>

    <TR valign="bottom">
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>


    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>
    <TR valign="bottom">
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;&nbsp;Donald R. Lindsay

<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Donald R. Lindsay </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Chief Executive Officer, President &#038;
        Director (Principal Executive Officer) </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August 1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>

    <TR valign="bottom">
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;&nbsp;Ronald A. Millos

<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Ronald A. Millos </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Senior Vice President, Finance and Chief
        Financial Officer (Principal Financial and Accounting Officer) </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August 1, 2008</td>
    </TR>

    <TR valign="bottom">
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>

    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>
    <TR valign="bottom">
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;&nbsp;Warren S.R. Seyffert
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Warren S.R. Seyffert </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;Lead Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August 1, 2008</td>
    </TR>
    <!-- End Table Body -->
  </TABLE>
</DIV>


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

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

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

<DIV align="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="3%">&nbsp;</TD>
      <TD width="40%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="14%">&nbsp;</TD>
    </TR>
    <TR style="font-size: 8pt" valign="bottom">
      <TD nowrap align="left"><B>Signature</B></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="left"><B>Capacity</B></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="left"><B>Date</B></TD>
    </TR>
    <!-- End Table Head -->
    <!-- Begin Table Body -->
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>

    <TR valign="bottom">
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>

    <TR valign="bottom">
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;&nbsp;Mayank M. Ashar
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Mayank M. Ashar </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;J. Brian Aune
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          J. Brian Aune </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Jalynn H. Bennett
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Jalynn H. Bennett </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>


    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Hugh J. Bolton
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Hugh J. Bolton </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>


    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Norman B. Keevil III
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Norman B. Keevil III </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Takashi Kuriyama
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Takashi Kuriyama </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Takuro Mochihara
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Takuro Mochihara </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Derek G. Pannell
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Derek G. Pannell </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Janice G. Rennie
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Janice G. Rennie </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Keith E. Steeves
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Keith E. Steeves </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <TR valign="bottom">
      <!-- Blank Space -->
      <TD valign="top">
        <DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">&nbsp;</td>
    </TR>

    <TR valign="bottom">
      <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">/s/&nbsp;&nbsp;Chris M. T. Thompson
          <DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
          Chris M. T. Thompson </DIV>
      </TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Director </TD>
      <TD>&nbsp;</TD>
      <td align="right" valign="top">August&nbsp;1, 2008</td>
    </TR>
    <!-- End Table Body -->
  </TABLE>
</DIV>

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

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

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


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of Section 6(a) of the Securities Act of 1933, Teck Cominco
American Incorporated as the Authorized Representative has duly caused this Registration Statement
to be signed on its behalf by the undersigned, solely in its capacity as the duly authorized
representative of Teck Cominco Limited in the United States, in the City of Spokane, State of
Washington on August&nbsp;1, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;<BR><B>Teck Cominco American Incorporated</B><BR>
&nbsp;<BR>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/&nbsp;&nbsp;C.
Bruce DiLuzio&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">C.
Bruce DiLuzio&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President Law and Administration&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBITS</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="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of the Registrant, dated March&nbsp;19, 2008, for the fiscal
year ended December&nbsp;31, 2007 (incorporated by reference to the Registrant&#146;s Annual
Report on Form&nbsp;40-F for the fiscal year ended December&nbsp;31, 2007 filed with the
Securities and Exchange Commission on March&nbsp;27, 2008) (Teck Cominco Limited&#146;s
Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The audited consolidated financial statements of the Registrant and the related
notes thereto as at December&nbsp;31, 2007 and 2006, and for each of the years in the
three year period ended December&nbsp;31, 2007, and the Auditors&#146; Report thereon
(incorporated by reference to the Registrant&#146;s Annual Report on Form&nbsp;40-F for the
fiscal year ended December&nbsp;31, 2007 filed with the Securities and Exchange
Commission on March&nbsp;27, 2008) (Teck Cominco Limited&#146;s Securities and Exchange
Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of the Registrant for the year ended December&nbsp;31, 2007 (incorporated by reference
to the Registrant&#146;s Annual Report on Form&nbsp;40-F for the fiscal year ended December
31, 2007 filed with the Securities and Exchange Commission on March&nbsp;27, 2008)
(Teck Cominco Limited&#146;s Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The unaudited consolidated interim financial statements of the Registrant and the
related notes thereto for the six months ended June&nbsp;30, 2008 and 2007
(incorporated by reference to the Registrant&#146;s Form&nbsp;6-K filed with the Securities
and Exchange Commission on July&nbsp;25, 2008) (Teck Cominco Limited&#146;s Securities and
Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of Financial Position and Operating Results
of the Registrant for the six months ended June&nbsp;30, 2008 (incorporated by
reference to the Registrant&#146;s Form&nbsp;6-K filed with the Securities and Exchange
Commission on July&nbsp;25, 2008) (Teck Cominco Limited&#146;s Securities and Exchange
Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Business Acquisition Report dated October&nbsp;29, 2007 in respect of the Registrant&#146;s
acquisition of Aur Resources Inc. (&#147;Aur&#148;)(incorporated by reference to the
Registrant&#146;s Form&nbsp;6-K filed with the Securities and Exchange Commission on October
30, 2007) (Teck Cominco Limited&#146;s Securities and Exchange Commission File No.
1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Management Proxy Circular of the Registrant, dated March&nbsp;3, 2008, issued in
connection with the Annual and Special Meeting of Shareholders of the Registrant
held on April&nbsp;23, 2008 (incorporated by reference to the Registrant&#146;s Report on
Form&nbsp;6-K filed with the Securities and Exchange Commission on March&nbsp;19, 2008)
(Teck Cominco Limited&#146;s Securities and Exchange Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Material Change Report dated July
31, 2008 concerning the Registrant entering
into an arrangement agreement with Fording Canadian Coal Trust
(&#147;Fording&#148;), pursuant to
which the Registrant intends to acquire Fording&#146;s assets (incorporated by reference
to the Registrant&#146;s Report on Form&nbsp;6-K filed with the Securities and Exchange
Commission on August 1, 2008) (Teck Cominco Limited&#146;s Securities and Exchange
Commission File No.&nbsp;1-13184).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Material
Change Report dated August 1, 2008 concerning the Registrant
entering into an agreement with Fording, pursuant to which the
Registrant intends to acquire Fording&#146;s assets (incorporated by
reference to the Registrant&#146;s Report on Form&nbsp;6-K filed with
the Securities and Exchange Commission on August 1, 2008) (Teck
Cominco Limited&#146;s Securities and Exchange Commission
File&nbsp;No 1-13184).</TD>
</TR>


<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audited consolidated financial
statements of Fording, and the related notes
thereto, as at December&nbsp;31, 2007 and December&nbsp;31, 2006, and
for each of the years in the three year period ended on
December&nbsp;31, 2007 and the Auditors&#146; Report
thereon (incorporated by reference to Fording&#146;s Annual Report on Form&nbsp;40-F
for the fiscal year ended December&nbsp;31, 2007 filed with the Securities and Exchange
Commission on March&nbsp;17, 2008) (Fording&#146;s Securities and Exchange Commission File
No. 001-15230).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Unaudited consolidated interim
financial statements of Fording, and the related
notes thereto, for the six months ended June&nbsp;30, 2008 (incorporated by
reference to Fording&#146;s Report on Form&nbsp;6-K filed with the Securities and
Exchange Commission on July&nbsp;24, 2008) (Fording&#146;s Securities and Exchange
Commission File No.&nbsp;001-15230).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP in respect of the Registrant&#146;s financials.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP in respect of Aur&#146;s financials.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP in respect of Fording&#146;s financials</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Lang Michener LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Paul C. Bankes, P. Geo.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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

<DIV style="font-family: '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="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Dan Gurtler, AIMM.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Sproule Associates Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Don Mills, P. Geol.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ross Pritchard, P. Eng.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of GLJ Petroleum Consultants Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this Registration Statement).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trust Indenture dated as of September&nbsp;12, 2002 (the &#147;Trust Indenture&#148;), by and
between Teck Cominco Limited and The Bank of New York as Trustee (the form of
which is incorporated by reference to the Registrant&#146;s Registration Statement on
Form&nbsp;F-9 filed with the Securities and Exchange Commission on July&nbsp;15, 2002
(Registration No.&nbsp;333-92116)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Statement of Eligibility of the Trustee of Form&nbsp;T-1.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>o41422exv5w1.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.1</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o41422o4142201.gif" alt="(PRICEWATERHOUSECOOPERS LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV style="width: 100%; border-left: 1px solid #000000; font-size: 1px; margin-left: 77%">

<DIV align="left" style="font-size: 8pt; margin-top: 6pt; margin-left: 5%"><B>PricewaterhouseCoopers LLP<BR>
Chartered Accountants</B><BR>
PricewaterhouseCoopers Place<BR>
250 Howe Street, Suite&nbsp;700<BR>
Vancouver, British Columbia<BR>
Canada V6C 3S7<BR>
Telephone &#043;1 604 806 7000<BR>
Facsimile &#043;1 604 806 7806
</div>
</DIV>

<DIV align="center" style="font-size: 11pt; margin-top: 24pt"><B>CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">We hereby consent to the incorporation by reference in the registration statement on Form F-9 (the
&#147;Registration Statement&#148;) of Teck Cominco Limited (the &#147;company&#148;) of our auditors&#146; report dated
February&nbsp;27, 2008, relating to the consolidated balance sheets of the company as at December&nbsp;31,
2007 and December&nbsp;31, 2006 and the consolidated statements of earnings, comprehensive income,
retained earnings and cash flows for each of the years in the three-year period ended December&nbsp;31,
2007, and the effectiveness of internal control over financial reporting of Teck Cominco Limited as
of December&nbsp;31, 2007 and 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">We also consent to the references to us under the headings &#147;Experts,&#148; and &#147;Documents Filed as Part
of the Registration Statement&#148; in the Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 21pt"><IMG src="o41422o4142205.gif" alt="(-s- PricewaterhouseCoopers LLP)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt"><B>Chartered Accountants</B><BR>
Vancouver, British Columbia<BR>
August&nbsp;1, 2008
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 42pt">PricewaterhouseCoopers refers to the Canadian firm of PricewaterhouseCoopers LLP and the other
member firms of PricewaterhouseCoopers International<BR>
Limited, each of which is a separate and independent legal entity.
</DIV>


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



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>3
<FILENAME>o41422exv5w2.htm
<DESCRIPTION>EX-5.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.2</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o41422o4142201.gif" alt="(PRICEWATERHOUSECOOPERS LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV style="width: 100%; border-left: 1px solid #000000; font-size: 1px; margin-left: 77%">

<DIV align="left" style="font-size: 8pt; margin-top: 6pt; margin-left: 5%"><B>PricewaterhouseCoopers LLP<BR>
Chartered Accountants</b><BR>
Royal Trust Tower<BR>
77 King Street West, Suite 3000<BR>
Toronto, Ontario<BR>
Canada H5K 1G8<BR>
Telephone &#043;1 416 963 1133<BR>
Facsimile &#043;1 416 365 8215


</div>
</DIV>


<DIV align="center" style="font-size: 11pt; margin-top: 24pt"><B>CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">We hereby consent to the incorporation by reference in the registration statement on Form F-9 (the
&#147;Registration Statement&#148;) of Teck Cominco Limited of our auditors&#146; report dated February&nbsp;7, 2007,
except for notes 1(p) and 18(c) which are as of October&nbsp;29, 2007, relating to the consolidated
balance sheets of Aur Resources Inc. as at December&nbsp;31, 2006 and December&nbsp;31, 2005 and the
consolidated statements of operations, retained earnings and cash flow for each of the years then
ended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">We also consent to the references to us under the headings &#147;Experts,&#148; and &#147;Documents Filed as Part
of the Registration Statement&#148; in the Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 21pt"><IMG src="o41422o4142205.gif" alt="(-s- PricewaterhouseCoopers LLP)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt"><B>Chartered Accountants, Licensed Public Accountants</B><BR>
Toronto, Ontario<BR>
August&nbsp;1, 2008
</DIV>


<DIV align="left" style="font-size: 7pt; margin-top: 42pt">PricewaterhouseCoopers refers to the Canadian firm of PricewaterhouseCoopers LLP and the other
member firms of PricewaterhouseCoopers International<BR>
Limited, each of which is a separate and independent legal entity.
</DIV>


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



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.3
<SEQUENCE>4
<FILENAME>o41422exv5w3.htm
<DESCRIPTION>EX-5.3
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.3</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o41422o4142201.gif" alt="(PRICEWATERHOUSECOOPERS LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV style="width: 100%; border-left: 1px solid #000000; font-size: 1px; margin-left: 77%">


<DIV align="left" style="font-size: 8pt; margin-top: 6pt; margin-left: 4%"><B>PricewaterhouseCoopers LLP<BR>
Chartered Accountants</B><BR>
111 5 Avenue SW, Suite&nbsp;3100<BR>
Calgary, Alberta<BR>
Canada T2P 5L3<BR>
Telephone &#043;1 (403)&nbsp;509 7500<BR>
Facsimile &#043;1 (403)&nbsp;781 1825
</div>
</DIV>

<DIV align="left" style="font-size: 11pt; margin-top: 24pt"><B>CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">We hereby consent to the incorporation by reference in the registration statement on Form F-9 (the
&#147;Registration Statement&#148;) of Teck Cominco Limited (the &#147;company&#148;) of our auditors&#146; report dated
March&nbsp;11, 2008, relating to the consolidated balance sheets of Fording Canadian Coal Trust as at
December&nbsp;31, 2007 and December&nbsp;31, 2006 and the consolidated statements of income and comprehensive
income, accumulated earnings and cash flows for each of the years in the three-year period ended
December&nbsp;31, 2007 and the effectiveness of internal control over financial reporting of Fording
Canadian Coal Trust as of December&nbsp;31, 2007 and 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">We also consent to the references to us under the headings &#147;Experts,&#148; and &#147;Documents Filed as Part
of the Registration Statement&#148; in the Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 21pt"><IMG src="o41422o4142205.gif" alt="(-s- PricewaterhouseCoopers LLP)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt"><B>Chartered Accountants</B><BR>
Calgary, Alberta<BR>
August&nbsp;1, 2008
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 42pt">PricewaterhouseCoopers refers to the Canadian firm of PricewaterhouseCoopers LLP and the other
member firms of PricewaterhouseCoopers International<BR>
Limited, each of which is a separate and independent legal entity.
</DIV>



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



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.4
<SEQUENCE>5
<FILENAME>o41422exv5w4.htm
<DESCRIPTION>EX-5.4
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="o41422o4142202.gif" alt="(LANG MICHENER LLP LOGO)"><BR>
Lawyers &#151; Patent &#038; Trade Mark Agents
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 5.4</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Brookfield Place, 181 Bay Street, Suite&nbsp;2500<BR>
P.O. Box 747<BR>
Toronto ON M5J 2T7<BR>
Canada

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Telephone: 416-360-8600<BR>
Facsimile: 416-365-1719

</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 5%; margin-top: 6pt">August&nbsp;1, 2008
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 5%; margin-top: 6pt">Teck Cominco Limited<BR>
Suite&nbsp;600<BR>
200 Burrard Street<BR>
Vancouver, British Columbia<BR>
V6C 3L9
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 5%; margin-top: 6pt">Dear Sirs:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 5%; margin-top: 6pt">Re: Registration Statement on Form&nbsp;F-9
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have acted as Canadian counsel to Teck Cominco Limited (the &#147;Registrant&#148;) in connection
with the registration statement on Form F-9 (the &#147;Registration Statement&#148;) being filed today by the
Registrant with the Securities and Exchange Commission under the United States Securities Act of
1933, as amended.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are aware that our firm name is referred to under the headings &#147;Description of Debt
Securities &#151; Enforceability of Judgments&#148;, &#147;Legal Matters&#148;, &#147;Experts&#148; and &#147;Documents Filed as Part
of the Registration Statement&#148; in the Amended and Restated Short Form&nbsp;Prospectus forming a part of
the Registration Statement and we hereby consent to such use of our firm name and opinion under the
heading &#147;Description of Debt Securities &#151; Enforceability of Judgments&#148; in the Registration
Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 5%; margin-top: 6pt">Yours truly,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 5%; margin-top: 6pt">(signed)&nbsp;Lang Michener LLP
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>www.langmichener.ca</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Toronto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vancouver&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ottawa</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.5
<SEQUENCE>6
<FILENAME>o41422exv5w5.htm
<DESCRIPTION>EX-5.5
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w5</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

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


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 5.5</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>&#091;LETTERHEAD OF TECK COMINCO LIMITED&#093;</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">August&nbsp;1, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">British Columbia Securities Commission<BR>
Toronto Stock Exchange<BR>
New York Stock Exchange<BR>
United States Securities and Exchange Commission

</DIV>

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

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Re:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Teck Cominco Limited</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Amended and Restated Final Short Form&nbsp;Base Shelf Prospectus</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Consent of Expert</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the amended and restated (final)&nbsp;short form prospectus of Teck Cominco Limited
(&#147;Teck Cominco&#148;) dated August&nbsp;1, 2008 (the &#147;Prospectus&#148;), I hereby consent to the use of my name
in connection with references to my involvement in the preparation of the mineral reserve and
mineral resource estimates for Teck Cominco&#146;s material properties, other than Antamina, Elkview,
Fording River, Greenhills, Coal Mountain, Line Creek and Cardinal River (the &#147;Estimates&#148;) and to
the use of the Estimates, or portions thereof, in the following instances:
</DIV>


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Teck Cominco&#146;s Annual Information Form dated March&nbsp;19, 2008 (the &#147;AIF&#148;)
under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and Resources &#151; Mineral
Reserves at December&nbsp;31, 2007&#148;; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the AIF under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and
Resources &#151; Mineral Resources at December&nbsp;31, 2007&#148;.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I also consent to the use of and reference to my name and references to the Estimates, or portions
thereof, and to the inclusion or incorporation by reference of information derived from the
Estimates in the Prospectus and the registration statement on Form F-9 filed with the United States
Securities Exchange Commission on August&nbsp;1, 2008 of Teck Cominco (the &#147;Registration Statement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I have read the Prospectus and the Registration Statement and have no reason to believe that there
are any misrepresentations in the information contained therein that are derived from the Estimates
or that are within my knowledge as a result of the services I have performed in connection with the
preparation of the Estimates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Yours truly,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/&nbsp;&nbsp;Paul C. Bankes
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Paul C. Bankes, P.Geo.
</DIV>



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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.6
<SEQUENCE>7
<FILENAME>o41422exv5w6.htm
<DESCRIPTION>EX-5.6
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w6</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

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




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 5.6</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>&#091;LETTERHEAD OF COMPA&#209;IA MINERA ANTAMINA S.A.&#093;</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">August&nbsp;1, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">British Columbia Securities Commission<BR>
Toronto Stock Exchange<BR>
New York Stock Exchange<BR>
United States Securities and Exchange Commission

</DIV>

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

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Re:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Teck Cominco Limited</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Amended and Restated Final Short Form&nbsp;Base Shelf Prospectus</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Consent of Expert</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the amended and restated (final)&nbsp;short form prospectus of Teck Cominco Limited
(&#147;Teck Cominco&#148;) dated August&nbsp;1, 2008 (the &#147;Prospectus&#148;), I hereby consent to the use of my name
in connection with references to my involvement in the preparation of the mineral reserve and
mineral resource estimates for Antamina (the &#147;Estimates&#148;) and to the use of the Estimates, or
portions thereof, in the following instances:
</DIV>


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Teck Cominco&#146;s Annual Information Form dated March&nbsp;19, 2008 (the &#147;AIF&#148;)
under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and Resources &#151; Mineral
Reserves at December&nbsp;31, 2007&#148;; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the AIF under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and
Resources &#151; Mineral Resources at December&nbsp;31, 2007&#148;.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I also consent to the use of and reference to my name and references to the Estimates, or portions
thereof, and to the inclusion or incorporation by reference of information derived from the
Estimates in the Prospectus and the registration statement on Form F-9 filed with the United States
Securities Exchange Commission on August&nbsp;1, 2008 of Teck Cominco (the &#147;Registration Statement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I have read the Prospectus and the Registration Statement and have no reason to believe that there
are any misrepresentations in the information contained therein that are derived from the Estimates
or that are within my knowledge as a result of the services I have performed in connection with the
preparation of the Estimates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Yours truly,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/&nbsp;&nbsp;Dan Gurtler
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dan Gurtler, AIMM
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.7
<SEQUENCE>8
<FILENAME>o41422exv5w7.htm
<DESCRIPTION>EX-5.7
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w7</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

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




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 5.7</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>&#091;LETTERHEAD OF SPROULE ASSOCIATES LIMITED&#093;</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">August 1, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">British Columbia Securities Commission<BR>
Toronto Stock Exchange<BR>
New York Stock Exchange<BR>
United States Securities and Exchange Commission

</DIV>

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

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Re:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Teck Cominco Limited</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Amended and Restated Final Short Form&nbsp;Base Shelf Prospectus</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Consent of Expert</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the Amended and Restated Short Form&nbsp;Base Shelf Prospectus of Teck Cominco
Limited dated August 1, 2008 (the &#147;Prospectus&#148;), we hereby consent to the use of our firm name in
connection with references to our firm&#146;s involvement in auditing an estimate of contingent bitumen
resources of the Fort Hills project derived from a Fort Hills Partnership report entitled &#147;Fort
Hills Conceptual Mine Plan Study,&#148; completed in March&nbsp;2006 (the &#147;Estimate&#148;) and to the use of the
Estimate, or portions thereof, in the Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also consent to the use of and reference to our firm name and references to the Estimates, or
portions thereof, and to the inclusion or incorporation by reference of information derived from
the Estimates in the Prospectus and the registration statement on Form F-9 filed with the United
States Securities and Exchange Commission on August 1, 2008 of Teck Cominco Limited (the
&#147;Registration Statement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have read the Prospectus and the Registration Statement and have no reason to believe that there
are any misrepresentations in the information contained therein that are derived from the Estimate
or that are within our knowledge as a result of the preparation of the Estimate.
</DIV>


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


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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ Doug
W.C. Ho<BR>
&nbsp;<BR>
Doug W.C. Ho, P. Eng<BR>
Vice-President, Engineering
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ R.
Keith MacLeod<BR>
&nbsp;<BR>
R. Keith MacLeod<BR>
President
</DIV>



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



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.8
<SEQUENCE>9
<FILENAME>o41422exv5w8.htm
<DESCRIPTION>EX-5.8
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.8</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>&#091;LETTERHEAD OF ELK VALLEY COAL CORPORATION&#093;</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">August 1, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">British Columbia Securities Commission<BR>
Toronto Stock Exchange<BR>
New York Stock Exchange<BR>
United States Securities and Exchange Commission

</DIV>

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

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Re:</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Teck Cominco Limited</B><BR>
<B>Amended and Restated Final Short Form&nbsp;Base Shelf Prospectus<BR>

Consent of Expert</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the amended and restated (final)&nbsp;short form prospectus of Teck Cominco Limited
(&#147;Teck Cominco&#148;) dated August 1, 2008 (the &#147;Prospectus&#148;), I hereby consent to the use of my name
in connection with references to my involvement in the preparation of the mineral reserve and
mineral resource estimates for Elkview, Fording River, Greenhills, Coal Mountain, Line Creek and
Cardinal River (the &#147;Estimates&#148;) and to the use of the Estimates, or portions thereof, in the
following instances:
</DIV>


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Teck Cominco&#146;s Annual Information Form dated March&nbsp;19, 2008 (the &#147;AIF&#148;)
under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and Resources &#151; Mineral
Reserves at December&nbsp;31, 2007&#148;; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the AIF under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and
Resources &#151; Mineral Resources at December&nbsp;31, 2007&#148;.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I also consent to the use of and reference to my name and references to the Estimates, or portions
thereof, and to the inclusion or incorporation by reference of information derived from the
Estimates in the Prospectus and the registration statement on Form F-9 filed with the United States
Securities Exchange Commission on August 1, 2008 of Teck Cominco (the &#147;Registration Statement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I have read the Prospectus and the Registration Statement and have no reason to believe that there
are any misrepresentations in the information contained therein that are derived from the Estimates
or that are within my knowledge as a result of the services I have performed in connection with the
preparation of the Estimates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Yours truly,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/&nbsp;&nbsp;Don Mills
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Don Mills, P.Geol.
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.9
<SEQUENCE>10
<FILENAME>o41422exv5w9.htm
<DESCRIPTION>EX-5.9
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w9</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

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




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.9</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>&#091;LETTERHEAD OF ELK VALLEY COAL CORPORATION&#093;</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">August 1, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">British Columbia Securities Commission<BR>
Toronto Stock Exchange<BR>
New York Stock Exchange<BR>
United States Securities and Exchange Commission

</DIV>

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

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Re:</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Teck Cominco Limited</B><BR>
<B>Amended and Restated Final Short Form&nbsp;Base Shelf Prospectus<BR>

Consent of Expert</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the amended and restated (final)&nbsp;short form prospectus of Teck Cominco Limited
(&#147;Teck Cominco&#148;) dated August 1, 2008 (the &#147;Prospectus&#148;), I hereby consent to the use of my name
in connection with references to my involvement in the preparation of the mineral reserve and
mineral resource estimates for Elkview, Fording River, Greenhills, Coal Mountain, Line Creek and
Cardinal River (the &#147;Estimates&#148;) and to the use of the Estimates, or portions thereof, in the
following instances:
</DIV>


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Teck Cominco&#146;s Annual Information Form dated March&nbsp;19, 2008 (the &#147;AIF&#148;)
under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and Resources &#151; Mineral
Reserves at December&nbsp;31, 2007&#148;; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the AIF under the heading &#147;INDIVIDUAL OPERATIONS &#151; Mineral Reserves and
Resources &#151; Mineral Resources at December&nbsp;31, 2007&#148;.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I also consent to the use of and reference to my name and references to the Estimates, or portions
thereof, and to the inclusion or incorporation by reference of information derived from the
Estimates in the Prospectus and the registration statement on Form F-9 filed with the United States
Securities Exchange Commission on August 1, 2008 of Teck Cominco (the &#147;Registration Statement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I have read the Prospectus and the Registration Statement and have no reason to believe that there
are any misrepresentations in the information contained therein that are derived from the Estimates
or that are within my knowledge as a result of the services I have performed in connection with the
preparation of the Estimates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Yours truly,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/&nbsp;&nbsp;Ross Pritchard
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Ross Pritchard, P.Eng.
</DIV>


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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.10
<SEQUENCE>11
<FILENAME>o41422exv5w10.htm
<DESCRIPTION>EX-5.10
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w10</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

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




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.10</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>&#091;LETTERHEAD OF GLJ PETROLEUM CONSULTANTS LTD.&#093;</B>
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">British Columbia Securities Commission<BR>
Toronto Stock Exchange<BR>
New York Stock Exchange<BR>
United States Securities and Exchange Commission

</DIV>

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

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Re:</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Teck Cominco Limited</B><BR>
<B>Amended and Restated Final Short Form&nbsp;Base Shelf Prospectus<BR>

Consent of Expert</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the Amended and Restated Short Form&nbsp;Base Shelf Prospectus of Teck Cominco
Limited dated August 1, 2008 (the &#147;Prospectus&#148;), we hereby consent to the use of our firm name in
connection with references to our firm&#146;s involvement in auditing an estimate of contingent bitumen
resources of Oil Sands &#147;Lease 14&#148; in the Athabasca Region of northern Alberta
(the &#147;Estimate&#148;) and to the use of the Estimate, or portions thereof, in the Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also consent to the use of and reference to our firm name and references to the Estimates, or
portions thereof, and to the inclusion or incorporation by reference of information derived from
the Estimates in the Prospectus and the registration statement on Form F-9 filed with the United
States Securities and Exchange Commission on August 1, 2008 of Teck Cominco Limited (the
&#147;Registration Statement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have read the Prospectus and the Registration Statement and have no reason to believe that there
are any misrepresentations in the information contained therein that are derived from the Estimate
or that are within our knowledge as a result of the preparation of the Estimate.
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>GLJ PETROLEUM CONSULTANTS LTD.</B>

</DIV>
 <DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ James H. Willmon</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 3pt">James H. Willmon, P. Eng.<BR>
Vice-President Corporate Evaluations

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dated:
August 1, 2008<BR>
Calgary, Alberta<BR>
CANADA
</DIV>


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




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-7.2
<SEQUENCE>12
<FILENAME>o41422exv7w2.htm
<DESCRIPTION>EX-7.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv7w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;7.2</B>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 12pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</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: 12pt; margin-top: 12pt"><b>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</b></DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><b>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION
305(b)(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT></b></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</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">New York<BR>
(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382<BR>
(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

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

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</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">Canada<BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Not Applicable<BR>
(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">200 Burrard Street, Suite&nbsp;600<BR>
Vancouver, British Columbia V6C 3L9<BR>
Canada<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Debt Securities<BR>
(Title of the indenture securities)</DIV>


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







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

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

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








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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y. 10004-1417,
and Albany, N.Y. 12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

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

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

</TABLE>
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.) All amendments to such Organization Certificate not incorporated by
reference are attached hereto.</TD>
</TR>

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

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

<DIV style="font-family: '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">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</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>The consent of the Trustee required by Section 321(b) of the Act.</TD>
</TR>

</TABLE>
</DIV>

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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

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

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

<DIV style="font-family: '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="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 25th day of July, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/ Timothy E. Burke
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Timothy E. Burke&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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



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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o41422o4142203.gif" alt="(GRAPHIC)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>I</I></B>, <B><I>DAVID S. FREDSALL, </I></B><I>Deputy Superintendent of Banks of the State of New York, do hereby
certify that I have caused the annexed copy of </I><B><I>Agreements and Plans of Merger, </I></B><I>and other required
documents, providing for the </I><B><I>mergers </I></B><I>of </I><B><I>MELLON SECURITIES TRUST COMPANY </I></B><I>and </I><B><I>THE DREYFUS TRUST
COMPANY, </I></B><I>with and into </I><B><I>THE BANK OF NEW YORK, </I></B><I>under the name, </I><B><I>THE BANK OF NEW YORK MELLON </I></B><I>and
providing for the </I><B><I>merger </I></B><I>of </I><B><I>BNY MELLON INTERIM INSTITUTIONAL NATIONAL BANK, </I></B><I>with and into </I><B><I>THE BANK
OF NEW YORK, </I></B><I>under the name, </I><B><I>THE BANK OF NEW YORK MELLON </I></B><I>- filed in the office of the
Superintendent of Banks on </I><B><I>July&nbsp;1, 2008, </I></B><I>to be compared by a competent clerk with the original on
file in the Banking Department, and the same is a correct copy of said </I><B><I>agreements and plans of
merger </I></B><I>and of the whole thereof.</I>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B><I>IN WITNESS WHEREOF, I have hereunto set my<BR>
hand and affixed the official seal of the<BR>
Banking Department at New York, New York, this<BR>
9</I></B><SUP style="font-size: 85%; vertical-align: text-top"><B><I>th</I></B></SUP> <B><I>day of July&nbsp;2008.</I></B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" align="left" style="border-bottom: 1px solid #000000"><b>/s/
David S. Fredsall</b>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B><I>Deputy Superintendent of Banks</I></B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o41422o4142204.gif" alt="(GRAPHIC)">
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>I, David S. Fredsall, </B>Deputy Superintendent of Banks of the State of New York, <B>DO HEREBY
CERTIFY:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THAT, </B>in accordance with the provisions of Section&nbsp;601-b of the New York Banking Law, there
were filed in the office of the Superintendent of Banks, as of 12:01&nbsp;a.m., July&nbsp;1, 2008,
Agreements and Plans of Merger, dated as of June&nbsp;25, 2008, and other required documents, providing
for the mergers of <B>MELLON SECURITIES TRUST COMPANY, </B>New York, New York, and <B>THE DREYFUS TRUST
COMPANY, </B>Uniondale, New York, with and into <B>THE BANK OF NEW YORK, </B>New York, New York, under the
name, <B>THE BANK OF NEW YORK MELLON, </B>which mergers were approved by the Superintendent of Banks on
June&nbsp;26, 2008; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THAT, </B>the aforementioned mergers have been recognized as valid and effective as of the date
and time of such filings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Witness, my hand and official seal of the Banking Department at the City of New York, this
1</I></B><SUP style="font-size: 85%; vertical-align: text-top"><B><I>st</I></B></SUP><B><I> day of July in the year two thousand and eight.</I></B>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" align="left" style="border-bottom: 1px solid #000000">/s/ David S. Fredsall
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Deputy Superintendent of Banks&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o41422o4142204.gif" alt="(GRAPHIC)">
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>I, David S. Fredsall, </B>Deputy Superintendent of Banks of the State of New York, <B>DO HEREBY
CERTIFY:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THAT, </B>in accordance with the provisions of Section&nbsp;601-b of the New York Banking Law, there
were filed in the office of the Superintendent of Banks, as of 12:01&nbsp;a.m., July&nbsp;1, 2008, an
Agreement and Plan of Merger, dated as of June&nbsp;19, 2008, and other required documents, providing
for the merger of <B>BNY MELLON INTERIM INSTITUTIONAL NATIONAL BANK, </B>Pittsburgh, Pennsylvania, with
and into <B>THE BANK OF NEW YORK, </B>New York, New York, under the name, <B>THE BANK OF NEW YORK MELLON,</B>
which merger was approved by the Superintendent of Banks on June&nbsp;26, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THAT, </B>the following banking offices of BNY Mellon Interim Institutional National Bank have
become branch offices of The Bank of New York Mellon:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">135 Santilli Highway, Everett, Middlesex County, Massachusetts 02149;<BR>
121 East Main Street, Ligonier, Westmoreland County, Pennsylvania 15658;<BR>
201 King of Prussia Road, Radnor, Delaware County, Pennsylvania 19087;<BR>
500 Grant Street, Pittsburgh, Allegheny County, Pennsylvania 15219;<BR>
95 Wellington Street West, Toronto, Ontario, Canada; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THAT, </B>the aforementioned merger has been recognized as valid and effective as of the date and
time of such filing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Witness, my hand and official seal of the Banking Department at the City of New York, this
1</I></B><SUP style="font-size: 85%; vertical-align: text-top"><B><I>st</I></B></SUP><B><I>
day of July in the year two thousand and eight.</I></B>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
<TD colspan="3" align="left" style="border-bottom: 1px solid #000000">
/s/ David S. Fredsall
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Deputy Superintendent of Banks&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o41422o4142204.gif" alt="(GRAPHIC)">
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>I, Richard H. Neiman, </B>Superintendent of Banks of the State of New York, <B>DO HEREBY APPROVE,</B>
pursuant to the provisions of Section&nbsp;601-b of the New York Banking Law, Agreements and Plans of
Merger dated as of June&nbsp;25, 2008 providing for the mergers of <B>MELLON SECURITIES TRUST COMPANY, </B>New
York, New York, <B>and THE DREYFUS TRUST COMPANY, </B>Uniondale, New York, with and into <B>THE BANK OF NEW
YORK, </B>New York, New York, under the name <B>THE BANK OF NEW YORK MELLON, </B>said mergers to become
effective upon the filing of the Agreements and Plans of Merger in the office of the Superintendent
of Banks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><B><I>Witness, my hand and official seal of the Banking Department at the City of New York, this
26</I></B><SUP style="font-size: 85%; vertical-align: text-top"><B><I>th</I></B></SUP><B><I> day of June in the Year two thousand and eight.</I></B>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Richard H. Neiman<BR>
Superintendent of Banks</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
<TD align="left"><B>By&nbsp;&nbsp;&nbsp;</B></td>

<TD colspan="2" align="left" style="border-bottom: 1px solid #000000"><b>/s/
Richard H. Neiman</b>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" align="left"><B><I>Deputy Superintendent of Banks</I></B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="o41422o4142204.gif" alt="(GRAPHIC)">
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>I, Richard H. Neiman, </B>Superintendent of Banks of the State of New York, <B>DO HEREBY APPROVE,</B>
pursuant to the provisions of Section&nbsp;601-b of the New York Banking Law, an Agreement and Plan of
Merger dated as of June&nbsp;19, 2008 providing for the merger of <B>BNY MELLON INTERIM INSTITUTIONAL
NATIONAL BANK, </B>Pittsburgh, Pennsylvania, with and into <B>THE BANK OF NEW YORK, </B>New York, New York,
under the name <B>THE BANK OF NEW YORK MELLON, </B>said merger to become effective upon the filing of the
Agreement and Plan of Merger in the office of the Superintendent of Banks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><B><I>Witness, my hand and official seal of the Banking Department at the City of New York, this
26</I></B><SUP style="font-size: 85%; vertical-align: text-top"><B><I>th</I></B></SUP><B><I> day of June in the Year two thousand and eight.</I></B>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Richard H. Neiman<BR>
Superintendent of Banks</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
<TD align="left"><B>By&nbsp;&nbsp;&nbsp;</B></td>

<TD colspan="2" align="left" style="border-bottom: 1px solid #000000"><b>/s/
Richard H. Neiman</b>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD colspan="2" align="left"><B><I>Deputy Superintendent of Banks</I></B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>


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

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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AGREEMENT AND PLAN OF MERGER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT AND PLAN OF MERGER, dated as of June&nbsp;25<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2008 (this
&#147;<B>Agreement</B>&#148;), is made and entered into between MELLON SECURITIES TRUST COMPANY (&#147;<B>MSTC</B>&#148;), a New
York trust company and THE BANK OF NEW YORK (&#147;<B>BNY</B>&#148;), a New York banking corporation.
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Boards of Directors of BNY and MSTC have each determined that it is advisable
and in the best interests of their stockholders to consummate, and have approved, the business
combination transaction provided for herein in which MSTC would merge with and into BNY (the
&#147;<B>Merger</B>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>THE MERGER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01 <U>The Merger</U>. At the Effective Time (as defined in Section&nbsp;1.02), upon the terms and
subject to the conditions of this Agreement and in accordance with applicable provisions of the New
York Banking Law and the Federal Deposit Insurance Act, the Merger shall be effected, and MSTC
shall be merged with and into BNY. Following the Merger, the separate existence of MSTC shall
cease, and BNY shall continue as the surviving company (the <B>&#147;Surviving Company&#148;</B>) and shall succeed
to and assume all of the rights and obligations of MSTC in accordance with Section&nbsp;602 of the New
York Banking Law. As a result of the Merger, the outstanding shares of capital stock of BNY and
MSTC shall be converted or canceled in the manner provided in Article&nbsp;II.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.02 <U>Effective Time</U>. The Merger shall become effective on July&nbsp;1, 2008 at 12:01&nbsp;a.m.
New York City time in accordance with the sequence as set forth in Exhibit&nbsp;1 (the date and time
being referred to herein as the <B>&#147;Effective Time&#148;</B>).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.03 <U>Effects of the Merger</U>. Subject to the foregoing and the provisions of Article&nbsp;IV,
the effects of the Merger shall be as provided in the applicable provisions of Section&nbsp;602 of the
New York Banking Law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.04 <U>Further Assurances</U>. Each party hereto will execute such further documents and
instruments and take such further actions as may reasonably be requested by one or more of the
others to consummate the Merger, to vest the Surviving Company with full title to all assets,
properties, rights, approvals, immunities and franchises of either of BNY or MSTC or to effect the
other purposes of this Agreement.

</DIV>

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

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

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



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


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>EFFECT OF THE MERGER ON CAPITAL STOCK</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.01 <U>Conversion of Capital Stock</U>. At the Effective Time, by virtue of the Merger and
without any action on the part of BNY or MSTC or the holder of any of capital stock of BNY or MSTC
(i)&nbsp;each issued and outstanding share of common stock, par value $500 per share, of MSTC shall be
canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange
therefore, and (ii)&nbsp;each issued and outstanding share of common stock, par value $75 per share, of
BNY shall continue to be outstanding and become one issued share of common stock, par value $75 per
share, of the Surviving Company.
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>CERTAIN CONDITIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.01 <U>Conditions</U>. This Agreement and the Merger is subject to the approval
of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the New York Superintendent of Banks;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any other governmental or regulatory authority having jurisdiction over any of the parties
and the actions herein proposed to be taken; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the sole stockholder of MSTC and BNY, respectively.
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>CERTAIN OPERATIONAL AND GOVERNANCE MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.01 <U>Name of the Surviving Company</U>. The name of the Surviving Company shall be The Bank
of New York Mellon.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.02 <U>Offices</U>. The principal office of the Surviving Company shall be One Wall Street,
New York, New York.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.03 <U>Organization Certificate of the Surviving Company</U>. The organization certificate of
BNY in effect at the Effective Time shall be the organization certificate of the Surviving Company
until amended in accordance with applicable law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.04 <U>Bylaws of the Surviving Company</U>. The bylaws of BNY in effect at the Effective Time
shall be the Bylaws of the Surviving Company until amended in accordance with applicable law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.05 <U>Directors and Officers of Surviving Company</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The names of each director of the Surviving Company to serve until the next annual
meeting of the stockholder(s) shall be as set forth in <U>Exhibit&nbsp;2</U> hereto.
</DIV>


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

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

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




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The officers of BNY immediately prior to the Effective Time shall be the officers of the
Surviving Company, until their resignation or removal or until their respective successors are
duly elected and qualified.
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>TERMINATION, AMENDMENT AND WAIVER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.01 <U>Termination</U>. This Agreement may be terminated, and the transactions contemplated
hereby may be abandoned, at any time prior to the Effective Time by mutual written agreement of the
parties hereto duly authorized by action taken by or on behalf of their respective Boards of
Directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.02 <U>Effect of Termination</U>. If this Agreement is validly terminated by either MSTC or
BNY pursuant to Section&nbsp;5.01, this Agreement will forthwith become null and void and there will be
no liability or obligation on the part of either MSTC or BNY (or any of their respective
Representatives or Affiliates).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.03 <U>Amendment</U>. This Agreement may be amended, supplemented or modified by action taken
by or on behalf of the respective Boards of Directors of the parties hereto at any time prior to
the Effective Time. No such amendment, supplement or modification shall be effective unless set
forth in a written instrument duly executed by or on behalf of each party hereto.
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>GENERAL PROVISIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.01 <U>Entire Agreement</U>. This Agreement supersedes all prior discussions and agreements
among the parties hereto with respect to the subject matter hereof and contains the sole and entire
agreement among the parties hereto with respect to the subject matter hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.02 <U>No Third Party Beneficiary</U>. The terms and provisions of this Agreement are
intended solely for the benefit of each party hereto and their respective successors or permitted
assigns. It is not the intention of the parties to confer third-party beneficiary rights upon any
other person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.03 <U>No Assignment; Binding Effect</U>. Neither this Agreement nor any right, interest or
obligation hereunder may be assigned by any party hereto without the prior written consent of the
other parties hereto and any attempt to do so will be void. Subject to the preceding sentence, this
Agreement is binding upon, inures to the benefit of and is enforceable by the parties hereto and
their respective successors and assigns.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.04 <U>Headings</U>. The headings used in this Agreement have been inserted for convenience
of reference only and do not define or limit the provisions hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.05 <U>Governing Law</U>. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York applicable to a contract executed and performed in such
State without giving effect to the conflicts of laws principles thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>

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

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

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.06 <U>Counterparts</U>. This Agreement may be executed in any number of counterparts, each
of which will be deemed an original, but all of which together will constitute one and the same
instrument. Copies of executed counterparts transmitted by telecopy or other electronic
transmission service shall be considered original executed counterparts, provided receipt of such
counterparts is confirmed.
</DIV>



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



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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, each party hereto has caused this Agreement to be signed by its officer
thereunto duly authorized as of the date first above written.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MELLON SECURITIES TRUST COMPANY<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert F. Hennessy
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Robert F. Hennessy &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chairman, President and
Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Donald R. Monks</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Donald R. Monks&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice Chairman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT 1</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Sequence of Events of the Reorganization

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The reorganization of the following trust company and bank subsidiaries of The Bank of New
York Mellon Corporation will occur on July&nbsp;1, 2008 at 12:01&nbsp;a.m. in the following sequence:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of California merges with Mellon California Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon California Interim National Bank merges with Mellon Bank, N.A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of Washington merges with Mellon Washington Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Washington Interim National Bank merges with Mellon Bank, N.A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of New York, LLC merges with Mellon New York Interim National Bank
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon New York Interim National Bank merges with Mellon Bank, N.A.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of New England, N.A. merges with Mellon Bank, N.A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Bank, National Association divides into two national banks. The wealth management business
is allocated to, and will continue to be owned by Mellon Bank, National Association which survives
the division and is renamed BNY Mellon, National Association. The institutional business is
allocated to and vested in the new national bank, BNY Mellon Interim Institutional National Bank, a
subsidiary of Mellon Bank, National Association.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BNY Mellon, National Association (f/k/a Mellon Bank, National Association) distributes the stock of
BNY Mellon Interim Institutional National Bank to The Bank of New York Mellon Corporation as a
return of capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BNY Mellon Interim Institutional National Bank merges with The Bank of New York which survives the
merger and is renamed The Bank of New York Mellon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MBC Investments Corporation distributes the stock of The Dreyfus Trust Company to The Bank of New
York Mellon Corporation as a return of Capital.
</DIV>


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


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mellon Securities Trust Company merges with The Bank of New York Mellon</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center" style="font-size: 10pt">(f/k/a The Bank of New York)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Dreyfus Trust Company merges with The Bank of New York Mellon
</DIV>

<DIV align="center" style="font-size: 10pt">(f/k/a The Bank of New York)</DIV>



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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Merger shall occur <U>immediately following</U> the distribution of stock of The Dreyfus
Trust Company
to The Bank of New York Mellon Corporation as a return of capital and <U>immediately prior</U> to
the merger
of The Dreyfus Trust Company with The Bank of New York Mellon.</TD>
</TR>

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

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

<DIV style="font-family: '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="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT 2</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DIRECTORS OF SURVIVING COMPANY</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="17%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Frank J. Biondi, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Managing Director, WaterView Advisors LLC</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ruth E. Bruch
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief Information Officer, Kellogg Company</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Nicholas M. Donofrio
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Innovation and Technology, IBM Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Steven G. Elliott
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice Chairman, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gerald L. Hassell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Edmund F. Kelly
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Liberty Mutual Group</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert P. Kelly
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Richard J. Kogan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Retired President and Chief Executive Officer, Schering-Plough Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael J. Kowalski
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, Tiffany &#038; Co.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John A. Luke, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, MeadWestvaco Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert Mehrabian
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Teledyne Technologies Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mark A. Nordenberg
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chancellor, University of Pittsburgh</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Catherine Rein
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Retired Senior Executive Vice President and</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">Chief Administrative Officer, MetLife, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Thomas A. Renyi
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Chairman, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William C. Richardson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer Emeritus, W.K. Kellogg Foundation;</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">and Chair and Co-Trustee Emeritus of The Kellogg Foundation Trust</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Samuel C. Scott III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, 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">Corn Products International, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John P. Surma
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, United States Steel Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wesley W. von Schack
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Energy East Corporation</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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




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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AGREEMENT AND PLAN OF MERGER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT AND PLAN OF MERGER, dated as of June&nbsp;25<SUP style="font-size: 85%; vertical-align: text-top">th </SUP>, 2008 (this
<B>&#147;Agreement&#148;), </B>is made and entered into between THE
DREYFUS TRUST COMPANY (&#147;<b>DTC</b>&#148;), a New York trust
company and THE BANK OF NEW YORK (&#147;<b>BNY</b>&#148;), a New York banking corporation.
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Boards of Directors of BNY and DTC have each determined that it is advisable and
in the best interests of their stockholders to consummate, and have approved, the business
combination transaction provided for herein in which DTC would merge with and into BNY (the
&#147;<b>Merger</b>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE I<BR>
THE MERGER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01 <U>The Merger</U>. At the Effective Time (as defined in Section&nbsp;1.02), upon the
terms and subject to the conditions of this Agreement and in accordance with applicable
provisions of the New York Banking Law and the Federal Deposit Insurance Act, the Merger
shall be effected, and DTC shall be merged with and into BNY. Following the Merger, the
separate existence of DTC shall cease, and BNY shall continue as the surviving company (the
<B>&#147;Surviving Company&#148;) </B>and shall succeed to and assume all of the rights and obligations of
DTC in accordance with Section&nbsp;602 of the New York Banking Law. As a result of the Merger,
the outstanding shares of capital stock of BNY and DTC shall be converted or canceled in the
manner provided in Article&nbsp;II.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.02 <U>Effective Time</U>. The Merger shall become effective on July&nbsp;1, 2008 at
12:01a.m. New York City time in accordance with the sequence as set forth in Exhibit&nbsp;1 (the
date
and time being referred to herein as the <B>&#147;Effective Time&#148;).</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.03 <U>Effects of the Merger</U>. Subject to the foregoing and the provisions of
Article&nbsp;IV, the effects of the Merger shall be as provided in the applicable provisions of
Section
602 of the New York Banking Law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.04 <U>Further Assurances</U>. Each party hereto will execute such further documents and instruments and take such further actions as may reasonably be requested by one
or more of the others to consummate the Merger, to vest the Surviving Company with full title
to
all assets, properties, rights, approvals, immunities and franchises of either of BNY or DTC
or to
effect the other purposes of this Agreement.
</DIV>


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

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

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE II<BR>
EFFECT OF THE MERGER ON CAPITAL STOCK</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.01 <U>Conversion of Capital Stock</U>. At the Effective Time, by virtue of the Merger and
without any action on the part of BNY or DTC or the holder of any of capital stock of BNY or DTC
(i)&nbsp;each issued and outstanding share of common stock, par value $100 per share, of DTC shall be
canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange
therefore, and (ii)&nbsp;each issued and outstanding share of common stock, par value $75 per share, of
BNY shall continue to be outstanding and become one issued share of common stock, par value $75 per
share, of the Surviving Company.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE III<BR>
CERTAIN CONDITIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.01 <U>Conditions</U>. This Agreement and the Merger is subject to the
approval of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the New York Superintendent of Banks;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any other governmental or regulatory authority having jurisdiction over any parties and the actions herein proposed to be taken; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the sole stockholder of DTC and BNY, respectively.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IV<BR>
CERTAIN OPERATIONAL AND GOVERNANCE MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.01 <U>Name of the Surviving Company</U>. The name of the Surviving Company shall be The Bank of New York Mellon.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.02 <U>Offices</U>. The principal office of the Surviving Company shall be One Wall Street, New York, New York.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.03 <U>Organization Certificate of the Surviving Company</U>. The organization
certificate of BNY in effect at the Effective Time shall be the organization certificate of
the
Surviving Company until amended in accordance with applicable law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.04 <U>Bylaws of the Surviving Company</U>. The bylaws of BNY in effect at the Effective Time shall be the Bylaws of the Surviving Company until amended in accordance with
applicable law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.05
<u>Directors and Officers of Surviving Company</u>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The names of each director of the Surviving Company to serve until the next annual
meeting of the stockholder(s) shall be as set forth in <U>Exhibit&nbsp;2</U> hereto.
</DIV>


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

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

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




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The officers of BNY immediately prior to the Effective Time shall be the officers of the
Surviving Company, until their resignation or removal or until their respective successors are duly
elected and qualified.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE V<BR>
TERMINATION, AMENDMENT AND WAIVER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.01 <U>Termination</U>. This Agreement may be terminated, and the transactions contemplated hereby may be abandoned, at any time prior to the Effective Time by mutual
written agreement of the parties hereto duly authorized by action taken by or on behalf of
their
respective Boards of Directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.02 <U>Effect of Termination</U>. If this Agreement is validly terminated by either
DTC or BNY pursuant to Section&nbsp;5.01, this Agreement will forthwith become null and void and
there will be no liability or obligation on the part of either DTC or BNY (or any of their
respective Representatives or Affiliates).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.03 <U>Amendment</U>. This Agreement may be amended, supplemented or
modified by action taken by or on behalf of the respective Boards of Directors of the parties
hereto at any time prior to the Effective Time. No such amendment, supplement or modification
shall be effective unless set forth in a written instrument duly executed by or on behalf of
each
party hereto.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VI<BR>
GENERAL PROVISIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.01 <U>Entire Agreement</U>. This Agreement supersedes all prior discussions and
agreements among the parties hereto with respect to the subject matter hereof and contains the
sole and entire agreement among the parties hereto with respect to the subject matter hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.02 <U>No Third Party Beneficiary</U>. The terms and provisions of this Agreement are intended solely for the benefit of each party hereto and their respective successors or
permitted assigns. It is not the intention of the parties to confer third-party beneficiary
rights
upon any other person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.03 <U>No Assignment; Binding Effect</U>. Neither this Agreement nor any right,
interest or obligation hereunder may be assigned by any party hereto without the prior written
consent of the other parties hereto and any attempt to do so will be void. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is
enforceable by the parties hereto and their respective successors and assigns.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.04 <U>Headings</U>. The headings used in this Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.05 <U>Governing Law</U>. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York applicable to a contract executed and
performed in such State without giving effect to the conflicts of laws principles thereof.
</DIV>




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

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

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




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.06 <U>Counterparts</U>. This Agreement may be executed in any number of counterparts, each
of which will be deemed an original, but all of which together will constitute one and the same
instrument. Copies of executed counterparts transmitted by telecopy or other electronic
transmission service shall be considered original executed counterparts, provided receipt of such
counterparts is confirmed.
</DIV>



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



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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, each party hereto has caused this Agreement to be signed by its officer
thereunto duly authorized as of the date first above written.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">DREYFUS TRUST COMPANY<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
/s/ William H. M&#225;resca
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">William H. M&#225;resca &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chairman,  President and
Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Donald
R. Monks</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Donald R. Monks   &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice Chairman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT 1</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Sequence of Events of the Reorganization</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The reorganization of the following trust company and bank subsidiaries of The Bank of New
York Mellon Corporation will occur on July&nbsp;1, 2008 at 12:01&nbsp;a.m. in the following sequence:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of California merges with Mellon California Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon California Interim National Bank merges with Mellon Bank, N.A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of Washington merges with Mellon Washington Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Washington Interim National Bank merges with Mellon Bank, N.A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of New York, LLC merges with Mellon New York Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon New York Interim National Bank merges with Mellon Bank, N.A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of New England, N.A. merges with Mellon Bank, N.A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Bank, National Association divides into two national banks. The wealth management business
is allocated to, and will continue to be owned by Mellon Bank, National Association which survives
the division and is renamed BNY Mellon, National Association. The institutional business is
allocated to and vested in the new national bank, BNY Mellon Interim Institutional National Bank, a
subsidiary of Mellon Bank, National Association.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BNY Mellon, National Association (f/k/a Mellon Bank, National Association) distributes the stock of
BNY Mellon Interim Institutional National Bank to The Bank of New York Mellon Corporation as a
return of capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BNY Mellon Interim Institutional National Bank merges with The Bank of New York which survives the
merger and is renamed The Bank of New York Mellon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MBC Investments Corporation distributes the stock of The Dreyfus Trust Company to The Bank of New
York Mellon Corporation as a return of capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Securities Trust Company merges with The Bank of New York Mellon
</DIV>

<DIV align="center" style="font-size: 10pt">(f/k/a The Bank of New York)</DIV>



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


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Dreyfus Trust Company merges with The Bank of New York Mellon</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center" style="font-size: 10pt">(f/k/a The Bank of New York)</DIV>



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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Merger shall occur <U>immediately following</U> the merger of Mellon Securities Trust
Company with The Bank of New York Mellon.</TD>
</TR>

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

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

<DIV style="font-family: '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="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT 2</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Directors Of Surviving Company</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="78%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Frank J. Biondi, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Managing Director, WaterView Advisors LLC</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ruth E. Bruch
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief Information Officer, Kellogg Company</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Nicholas M. Donofrio
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Innovation and Technology, IBM Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Steven G. Elliott
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice Chairman, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gerald L. Hassell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Edmund F. Kelly
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Liberty Mutual Group</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert P. Kelly
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Richard J. Kogan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Retired President and Chief Executive Officer, Schering-Plough Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael J. Kowalski
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, Tiffany &#038; Co.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John A. Luke, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, MeadWestvaco Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert Mehrabian
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Teledyne Technologies Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mark A. Nordenberg
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chancellor, University of Pittsburgh</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Catherine Rein
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Retired Senior Executive Vice President and</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">Chief Administrative Officer, MetLife, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Thomas A. Renyi
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Chairman, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William C. Richardson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer Emeritus, W.K. Kellogg Foundation;</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">and Chair and Co-Trustee Emeritus of The Kellogg Foundation Trust</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Samuel C. Scott III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, 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">Corn Products International, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John P. Surma
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, United States Steel Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wesley W. von Schack
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Energy East Corporation</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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




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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AGREEMENT AND PLAN OF MERGER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT AND PLAN OF MERGER, dated as of June&nbsp;19, 2008 (this <B>&#147;Agreement&#148;), </B>is made and
entered into between BNY MELLON INTERIM INSTITUTIONAL NATIONAL BANK <B>(&#147;Interim Bank&#148;), </B>a national
banking association with trust powers, and THE BANK OF NEW YORK (&#147;BNY&#148;), a New York banking
corporation.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Boards of Directors of BNY and Interim Bank have each determined that it is
advisable and in the best interests of their stockholders to consummate, and have approved, the
business combination transaction provided for herein in which Interim Bank would merge with and
into BNY (the &#147;Merger&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE I<BR>
THE MERGER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01 <U>The Merger</U>. At the Effective Time (as defined in Section&nbsp;1.02), upon the terms
and subject to the conditions of this Agreement and in accordance with the applicable provisions of
the National Bank Act, the Federal Deposit Insurance Act and the New York Banking Law, the Merger
shall be effected, and Interim Bank shall be merged with and into BNY. Following the Merger, the
separate existence of Interim Bank shall cease, and BNY shall continue as the surviving company
(the <B>&#147;Surviving Company&#148;) </B>and shall succeed to and assume all of the rights and obligations of
Interim Bank in accordance with Section&nbsp;602 of the New York Banking Law. As a result of the
Merger, the outstanding shares of capital stock of BNY and Interim Bank shall be converted or
canceled in the manner provided in Article&nbsp;II.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.02 <U>Effective Time</U>. The Merger shall become effective on July&nbsp;1, 2008 at 12:01&nbsp;a.m.
New York City time in accordance with the sequence as set forth in Exhibit&nbsp;1 (the date and time
being referred to herein as the &#147;<B>Effective Time</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.03 <U>Effects of the Merger</U>. Subject to the foregoing and the provisions of Article
IV, the effects of the Merger shall be as provided in the applicable provisions of Section&nbsp;602 of
the New York Banking Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.04 <U>Further Assurances</U>. Each party hereto will execute such further
documents and instruments and take such further actions as may reasonably be requested by one or
more of the others to consummate the Merger, to vest the Surviving Company with full title to all
assets, properties, rights, approvals, immunities and franchises of either of BNY or Interim Bank
or to effect the other purposes of this Agreement.
</DIV>


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

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

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE II<BR>
EFFECT OF THE MERGER ON CAPITAL STOCK</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.01 <U>Conversion of Capital Stock</U>. At the Effective Time, by virtue of the Merger and
without any action on the part of BNY or Interim Bank or the holder of any of capital stock of BNY
or Interim Bank (i)&nbsp;each issued and outstanding share of common stock, par value $5 per share, of
Interim Bank shall be canceled and retired and shall cease to exist, and no consideration shall be
delivered in exchange therefore, and (ii)&nbsp;each issued and outstanding share of common stock, par
value $75 per share, of BNY shall continue to be outstanding and become one issued share of common
stock, par value $75 per share, of the Surviving Company.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE III<BR>
CERTAIN CONDITIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.01 <U>Conditions</U>. This Agreement and the Merger is subject to the
approval of:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the New York Superintendent of Banks;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any other governmental or regulatory authority having jurisdiction over any of the parties
and the actions herein proposed to be taken; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the sole stockholder of Interim Bank and BNY, respectively.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IV<BR>
CERTAIN OPERATIONAL AND GOVERNANCE MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.01 <U>Name of the Surviving Company</U>. The name of me Surviving Company from and after
the Effective Time shall be The Bank of New York Mellon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.02 <U>Offices</U>. The principal office of the Surviving Company shall be One Wall Street,
New York, New York. The Surviving Company will maintain all of BNY&#146;s other present places of
business as branch offices until such time as it takes action to the contrary in accordance with
the New York Banking Law. The officially designated address of each of BNY&#146;s branch offices is
set forth in Exhibit&nbsp;2 hereto. The Surviving Company will also maintain as branch offices, until
such time as it takes action to the contrary in accordance with New York Banking Law, all of the
other places of business of the Interim Bank. The officially designated address of each such place
of business is set forth in Exhibit&nbsp;3 hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.03 <U>Organization Certificate of the Surviving Company</U>, The organization certificate
of BNY in effect at the Effective Time shall be the organization certificate of the Surviving
Company until amended in accordance with applicable law, provided that the name of the Surviving
Company as reflected in the organization certificate shall be &#147;The Bank of New York Mellon&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.04 <U>Bylaws of the Surviving Company</U>. The bylaws of BNY in effect at the Effective
Time shall be the Bylaws of the Surviving Company until amended in accordance with applicable law.
</DIV>

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

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

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.05 <U>Directors and Officers of Surviving Company</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The names of each director of the Surviving Company to serve until the next annual meeting
of the stockholder(s) shall be as set forth in Exhibit&nbsp;4 hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The officers of BNY immediately prior to the Effective Time shall be the
officers of the Surviving Company, until their resignation or removal or until their
respective successors are duly elected and qualified.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE V<BR>
TERMINATION, AMENDMENT AND WAIVER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.01 <U>Termination</U>. This Agreement may be terminated, and the transactions
contemplated hereby may be abandoned, at any time prior to the Effective Time by mutual written agreement of the parties hereto duly authorized by action taken by or on
behalf of their respective Boards of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.02 <U>Effect of Termination</U>. If this Agreement is validly terminated by
either Interim Bank or BNY pursuant to Section&nbsp;5.01, this Agreement will forthwith become null and void and there will be no liability or obligation on the part of either Interim Bank or BNY (or any
of their respective Representatives or Affiliates).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.03 <U>Amendment</U>. This Agreement may be amended, supplemented or modified by
action taken by or on behalf of the respective Boards of Directors of the parties hereto at any
time prior to the Effective Time. No such amendment, supplement or modification shall be effective
unless set forth in a written instrument duly executed by or on behalf of each party hereto.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE
VI<br>
GENERAL PROVISIONS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.01 <U>Entire Agreement</U>. This Agreement supersedes all prior discussions and
agreements among the parties hereto with respect to the subject matter hereof and contains the
; sole and entire agreement among the parties hereto with respect to the
subject matter hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.02 <U>No Third Party Beneficiary</U>. The terms and provisions of this Agreement are
intended solely for the benefit of each party hereto and their respective successors or permitted
assigns. It is not the intention of the parties to confer third-party beneficiary rights upon any
other person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.03 <U>No Assignment: Binding Effect</U>. Neither this Agreement nor any right, interest
or obligation hereunder may be assigned by any party hereto without the prior written consent of
the other parties hereto and any attempt to do so will be void. Subject to the preceding
sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the
parties hereto and their respective successors and assigns.
</DIV>

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

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

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.04 <U>Headings</U>. The headings used in this Agreement have been inserted for
convenience of reference only and do not define or limit the provisions hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.05 <U>Governing Law</U>. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York applicable to a contract executed and performed in such
State without giving effect to the conflicts of laws principles thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.06 <U>Counterparts</U>. This Agreement may be executed in any number of counterparts,
each of which will be deemed an original, but all of which together will constitute one and the
same instrument. Copies of executed counterparts transmitted by telecopy or other electronic
transmission service shall be considered original executed counterparts, provided receipt of such
counterparts is confirmed.
</DIV>

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

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

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, each party hereto has caused this Agreement to be signed by its officer
thereunto duly authorized as of the date first above written.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BNY MELLON INTERIM
INSTITUTIONAL<br>&nbsp;&nbsp; NATIONAL BANK<br>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ John H. Smith
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Name : John H. Smith &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;Chairman, President and Chief Executive
Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Donald R. Monks
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Donald R. Monks &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice Chairman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT 1
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Sequence of Events of the Reorganization

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The reorganization of the following trust company and bank subsidiaries of The Bank of New
York Mellon Corporation will occur on July&nbsp;1, 2008 at 12:01&nbsp;a.m. in the following sequence:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of California merges with Mellon California Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon California Interim National Bank merges with Mellon Bank, National Association
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of Washington merges with Mellon Washington Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Washington Interim National Bank merges with Mellon Bank, National Association
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of New York, LLC merges with Mellon New York Interim National Bank
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon New York Interim National Bank merges with Mellon Bank, National Association
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Trust of New England, National Association merges with Mellon Bank, National Association
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Bank, National Association divides into two national banks. The wealth management business
is allocated to, and will continue to be owned by Mellon Bank, National Association which survives
the division and is renamed BNY Mellon, National Association. The institutional business is
allocated to and vested in the new national bank, BNY Mellon Interim Institutional National Bank, a
subsidiary of Mellon Bank, National Association.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BNY Mellon, National Association (f/k/a Mellon Bank, National Association) distributes the stock of
BNY Mellon Interim Institutional National Bank to The Bank of New York Mellon Corporation as a
return of capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">* BNY Mellon Interim Institutional National Bank merges with The Bank of New York which survives
the merger and is renamed The Bank of New York Mellon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MBC Investments Corporation distributes the stock of The Dreyfus Trust Company to The Bank of New
York Mellon Corporation as a return of capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mellon Securities Trust Company merges with The Bank of New York Mellon
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 30%">(f/k/a The Bank of New York)

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Dreyfus Trust Company merges with The Bank of New York Mellon
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 30%">(f/k/a The Bank of New York)

</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">*</TD>
    <TD>&nbsp;</TD>
    <TD>This Merger shall occur <U>immediately following</U> the distribution of stock of BNY
Mellon Interim Institutional National Bank by BNY Mellon, National Association to The Bank of
New York Mellon Corporation as a return of capital and <U>immediately prior</U> to
distribution of stock of The Dreyfus Trust Company to The Bank of New York Mellon Corporation
as a return of capital.</TD>
</TR>

</TABLE>




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



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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT 2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>BRANCHES OF BNY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><U>Domestic (Private Bank) Branches</U>:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">One Wall Street Branch<BR>
One Wall Street<BR>
New York, NY 10286

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">51<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> Street Branch (1290 Avenue of the Americas)<BR>
51 West 51<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> Street<BR>
New York, NY 10019

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">63<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> Street Branch<BR>
706 Madison Ave. &#038; 63<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> Street<BR>
New York, NY 10005

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Garden City Private Bank Office<BR>
1001 Franklin Avenue<BR>
Garden City, NY 11530

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Kraft Avenue Branch<BR>
111 Kraft Avenue<BR>
Bronxville, NY 10708

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">White Plains Private Bank Office<BR>
701 Westchester Avenue<BR>
White Plains, NY 10604

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mason Street Branch<BR>
10 Mason Street<BR>
Greenwich, CT 06831

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wilton Road Branch<BR>
16 Wilton Road<BR>
Westport, CT 06880

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Morristown Private Clients Office<BR>
1109 Mt. Kemble Avenue<BR>
Harding, NJ 07930

</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Brussels Branch<BR>
Avenue Des Arts 35 Kunstlaan<BR>
1040 Brussels, Belgium

</DIV>

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

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

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cayman Branch<BR>
Butterfield House, Fort Street<BR>
George Town, Cayman Island

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dubai Branch<BR>
Dubai International Financial Centre (&#147;DIFC&#148;)<BR>
Dubai, United Arab Emirates

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Frankfurt Branch<BR>
Bockenheimer Landstrasse 24<BR>
60323 Frankfurt, Germany

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Hong Kong Branch<BR>
3 Pacific Palace<BR>
1 Queen&#146;s Road East<BR>
Hong Kong

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">London Branch<BR>
1 Canada Square<BR>
London E14 5AL, England

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Seoul Branch<BR>
Young-Poong Bldg, 23<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> fl<BR>
33 Seolin-dong, Chongro-ku<BR>
C.P.O. Box 4906<BR>
Seoul 110-752, Korea

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shanghai Branch<BR>
Majesty Building, 26<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> fl<BR>
138 Pudong Avenue<BR>
Shanghai 200120, People&#146;s Republic of China

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Singapore Branch<BR>
One Temasek Avenue<BR>
#02-01 Millenia Tower<BR>
Singapore 039192

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Taipei Branch<BR>
245 Tun Hwa So. Rd, Section&nbsp;1, 4<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor<BR>
P.O. Box 58040<BR>
Taipei 106, Taiwan

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Tokyo Branch<BR>
Fukoku Seimei Bldg, 6<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> fl<BR>
2-2-2 Uchisaiwai-cho<BR>
Chiyoda-ku, Tokyo 100-0011, Japan

</DIV>

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

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

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

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT 3</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>BRANCHES OF INTERIM BANK</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Domestic Branches</U>:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Everett, MA Limited Purpose Branch<BR>
135 Santilli Highway<BR>
Everett, Massachusetts 02149

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ligonier, PA Limited Purpose Branch<BR>
121 Main Street, 2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> floor<BR>
Ligonier, Pennsylvania 15658

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Radnor, PA Limited Purpose Branch<BR>
201 King of Prussia Road, Suite&nbsp;230<BR>
Radnor, Pennsylvania 19087

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Former Head Office of Mellon Bank, N.A.<BR>
500 Grant Street<BR>
Pittsburgh, PA 15258

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>International Branches:</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Toronto Branch (including its facilities in Halifax, Nova Scotia)<BR>
95 Wellington Street West, Suite&nbsp;1710<BR>
Toronto, Ontario M5J 2N7

</DIV>

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

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

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

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT 4</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DIRECTORS OF SURVIVING COMPANY</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="17%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Frank J. Biondi, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Managing Director, WaterView Advisors LLC</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ruth E. Bruch
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief Information Officer, Kellogg Company</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Nicholas M. Donofrio
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Innovation and Technology, IBM Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Steven G. Elliott
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice Chairman, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gerald L. Hassell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Edmund F. Kelly
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Liberty Mutual Group</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert P. Kelly
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Richard J. Kogan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Retired President and Chief Executive Officer, Schering-Plough
Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael J. Kowalski
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, Tiffany &#038; Co.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John A. Luke, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, MeadWestvaco Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert Mehrabian
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Teledyne Technologies
Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mark A. Nordenberg
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chancellor, University of Pittsburgh</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Catherine Rein
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Retired Senior Executive Vice President and
Chief Administrative Officer, MetLife, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Thomas A. Renyi
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Chairman, The Bank of New York Mellon Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William C.
Richardson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer Emeritus, The W.K. Kellogg
Foundation;
and Chair and Co-Trustee Emeritus of The Kellogg Foundation Trust</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Samuel C. Scott III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer,
Corn Products International, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John P. Surma
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman and Chief Executive Officer, United States Steel Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wesley W. von Schack
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive Officer, Energy East Corporation</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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




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


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 6</B>
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of Section&nbsp;321 (b)&nbsp;of the Trust Indenture Act of 1939, as amended, The
Bank of New York Mellon hereby consents that reports of examinations by Federal, State, Territorial
or District authorities may be furnished by such authorities to the Securities and Exchange
Commission upon request therefor.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dated: July&nbsp;25, 2008
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/         Timothy E. Burke
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Timothy E. Burke&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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

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


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U><B>EXHIBIT 7</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Consolidated Report of Condition of
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">THE BANK OF NEW YORK

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">of One Wall Street, New York, N.Y. 10286<BR>
And Foreign and Domestic Subsidiaries,

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">a member of the Federal Reserve System, at the close of business March&nbsp;31, 2008, published in
accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions
of the Federal Reserve 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="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Dollar Amounts</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">In Thousands</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"><B>ASSETS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and balances due from depository institutions:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Noninterest-bearing balances and currency and coin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,545,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest-bearing balances</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,795,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Securities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Held-to-maturity securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,739,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Available-for-sale securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,149,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Federal funds sold and securities purchased under
agreements to resell:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Federal funds sold in domestic offices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,850,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Securities purchased under agreements to
resell</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Loans and lease financing receivables:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Loans and leases held for sale</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Loans and leases, net of unearned
income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,834,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">LESS: Allowance for loan and
lease losses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">237,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Loans and leases, net of unearned
income and allowance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,597,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Trading assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,456,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Premises and fixed assets (including capitalized leases)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">908,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other real estate owned</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investments in unconsolidated subsidiaries and associated
companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">781,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Not applicable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,445,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">987,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,086,000</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>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

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

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

<DIV style="font-family: '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="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Dollar Amounts</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">In Thousands</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">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">128,342,000</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>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>LIABILITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deposits:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">In domestic offices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,973,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Noninterest-bearing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,760,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest-bearing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,213,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">In foreign offices, Edge and Agreement subsidiaries, and
IBFs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61,040,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Noninterest-bearing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,544,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest-bearing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59,496,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Federal funds purchased and securities sold under
agreements to repurchase:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Federal funds purchased in domestic
offices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,001,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Securities sold under agreements to
repurchase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Trading liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,981,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other borrowed money:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">(includes mortgage indebtedness and obligations under
capitalized leases)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,200,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Not applicable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Not applicable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Subordinated notes and debentures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,955,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,465,000</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119,701,000</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>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interest in consolidated subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>EQUITY CAPITAL</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Perpetual preferred stock and related
surplus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,135,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Surplus (exclude all surplus related to preferred stock)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,375,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Retained earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,178,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accumulated other comprehensive income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-1,207,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other equity capital components</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total equity capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,481,000</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total liabilities, minority interest, and equity capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">128,342,000</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>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, Bruce W. Van Saun, Chief Financial Officer of the above-named bank do hereby declare that
this Report of Condition is true and correct to the best of my knowledge and belief.
</DIV>
<DIV align="center" style="font-size: 10pt; margin-left: 70%; margin-top: 6pt">Bruce W. Van Saun,<BR>
Chief Financial Officer
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned directors, attest to the correctness of this statement of resources and
liabilities. We declare that it has been examined by us, and to the best of our knowledge and
belief has been prepared in conformance with the instructions and is true and correct.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="79%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="line-height: 3pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gerald L. Hassell</DIV></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Steven G. Elliott
</DIV></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:105px; text-indent:-0px">Directors</div></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert P. Kelly</DIV></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD style="border-bottom: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>o41422o4142501.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o41422o4142501.gif
M1TE&.#EANP`\`,00`/#P\!`0$.#@X-#0T&!@8"`@(*"@H'!P<#`P,+"PL)"0
MD%!04("`@$!`0,#`P````/___P``````````````````````````````````
M`````````````````````````"'Y!`$``!``+`````"[`#P```7_(,0X4&F>
M:&H"@.J^<"S/=&W?^/LP^<D$I)YLT"@V#,*D<LE$[82)PN,1;*(<TRG/RNUZ
MG5M<(TO]EK#9L'EM8"#7M6>.7#:CM7#XN)&GR7%T55YW?WU=>X8RA3:!:X1J
MB4UM;Y$NBW%D@F<$1@L*+2\##J-79)"5J'"7,@P,=`0,`B4`8W0/`0DI`#^O
MLA"/)P*CPR<.M;<$H"@`!`%9")0N`JT,N2@#U`,T`@JM!LI7"UD!!+[+#%)3
M!0S@JS&V620`"/!9UK/T\`':P"4"SEGXE""@3]N)`0#I(`#GBL\!.@4,TGIE
MPM46!0_XN"(3(%H)`P67Y8-H$(([&/7*_Q!,>4O92'W"3)EX^<#71@0)1CU\
M4$`9PBD'1B6HA<!'QI5%T@40,.]6D2QO+)[A>;/!2$$)ID`;Q6OIBGP+<CI8
M&0#421WU'`AXQ>!`0CD;61+HMS.-ORD+2CU08&+,/A0KP[ARAL`<Q@<$Q!TP
M,6"*0*F_GI5TX*S`"L+@?A(PL=,C2,0ESEI*6W<OXX26(:3#*^NP/9F?L_0<
MV#*%.(%H^*;P6U$=.!%9\IX0%Z`$9#1>3V1]8/"P.<X\9^%5L5.6:+1X2HQ,
M#3V+@,8!3ZS48NHGF7O.%J?82)N[7FL;/4(`X!T%>^!;T*A'(44WO<TIH%&"
M<RK0]\!BUXV6G?])60!H`B$)N/;`/9$%1,8!-`D$`7@EG0``*1"D]X(4ZFWT
M6PF(V#>%<7*@T:$)!/%@((4K@"A.42[<9M(I?M@5&DNFE';B@QS98LYG,LSX
M`D&/1:?"&*?<=]R**DB%QG,N2,'C@"LFJ(),%0*IQ3$/P$`(/.:XXIX++K[@
M"HX-N0#E>E1.66:53PBHR`/R$5FFERF`::"8.Y!I)I`.QAF#GBY(F9&<ESB:
M'Y5T\G#?.W6H(""@3OC((*$,&/K"F?`8]*8,5[KII**[15IGBY2JR,-R,TQ!
M8S%=;KGG@F048,2O1A@@*INVO/4H!(?)L%:F*3S4I(8HS*GBG78VFN?_%$.B
MX(RN2')Z`I@0'+/?+,,XL$LFN`9'1QNVD-`FIKK^QR*T)TAK%+6PWEDI!,O>
MVJIP*A!4E+<FD.%@7;.9($X6`\0&&HQD2+@8`,;R8:!N*&!4'`0W2C-%5,>V
M&N6KD^HK:PG..)@NBP]DF_*./?2JUG<<'9"`L&04->@4NDE80#]QQ<.QDRCH
M",%GFM#6\KR0CHQOR=9N05!9S3JY+(^'D4#PCW3P0&8]UHR7T@B"5EPA)+F9
M($7")GR6:,C1NOKT5"8;M<6R`)<`WGZUO/B30%N':PL/YM7CX#\L%=4/<(W4
M<D`+`"C@#-4E+%>`->?6QO23<K,(-9YA[)3,_T<`F8-X`)^0/H5!@9>67>$4
M%6.L;/R`2S%$\XWT%HT.)_17;_3VU3E^=$?]53T>%?X6)8%/!*X`8O/4IP`+
MC_,XW0LR3@82S$"4]"^K35&.BL&C.'RUH'O(BVS^$D%'`QT&[D^Y6/XRRHNZ
ME+L,_1Z6>W^-_X.!*$8Q)&'@3V]J28$P@B`,7WSH>_Q*X/X"^((%2O!;NDJ%
M!C?(P=!DL(,@#*$J/BC"$IIP"?([H0I7"`86NO"%-T@A#&?801G2\(:HL"$.
M=]@''?+PAU_@";"&2,0B&O&(2$RB$I?(Q"8Z\8E0-`*"YN*_*EKQBEC,HA:W
MR,4N>O&+8`RC&/_G0V(@FK$)93RC&H60QC6ZD1$D?*,<N=#&.=KQ2W&\HQ[G
MD,<]^M$/??RC('40R$$:$H.'3"0<%<E(112RD7^L(R2!*,E)\K"2EL0A)C-)
8PTUR$H:>_*0+0RG*%9*RE*A,I09#```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>o41422o4142201.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o41422o4142201.gif
M1TE&.#EA@`$O`/?^`("`@$!`0`0$!`,#`_W]_28F)@8&!N+BX@("`OS\_`@(
M"`D)"0$!`?KZ^@L+"S\_/P<'!P4%!?/S\_GY^?7U]<#`P`X.#A$1$3P\/!,3
M$_?W]_+R\NCHZ/O[^^[N[O;V]HF)B>GIZ7U]?=O;VSX^/@H*"B<G)^KJZA04
M%!45%186%M[>WNSL[`T-#1D9&>/CX^WM[=W=W>'AX7]_?ST]/1`0$,'!P>_O
M[Q\?']_?WT5%14)"0KZ^OEQ<7'Q\?.3DY%=75R@H*$-#0S8V-O3T]+^_OX.#
M@YR<G+N[N]+2TKR\O,C(R*^OK\S,S"$A(2,C(SDY.4A(2&9F9EU=77Y^?LW-
MS=C8V/'Q\8N+BV!@8$9&1BXN+AH:&H>'AX2$A!@8&)Z>GL/#PXV-C0P,#"LK
M*RPL+"DI*3L[.TU-34Y.3D]/3WIZ>G5U=6)B8L?'QT%!0;FYN=;6UC$Q,2(B
M(M#0T&QL;,+"PLG)R3HZ.G=W=Q<7%Y^?GV-C8]G9V24E)2`@(*2DI+V]O7-S
M<W%Q<>7EY41$1(&!@4E)25M;6\[.SE!04#`P,!(2$H^/C]'1T;*RLC0T-*6E
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ML5965I*2D@```/___P```"'Y!`$``/X`+`````"``2\```C_`/T)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3`SM80:4!I<N7
M,&-:W'"-6BD,`<YD:H7D@\R?)8F`ZD>TJ%&B#M#D^P&TJ=.G'WF4<G#4Z"QF
MDQ)`W6I1PI.J8(DNP$:*J]FS:`=6V!06+(E)!-+*17BEZ@`30C!\`?ODSMR_
M@$U28`/!J(HL3%"Y`8-!P-$+<0(#KELTB$$BK\P<!25!LN?/&$>0,&JARP:#
MN"`997,%-%H"CXH*`$+WFU$%:UQ/3-`D#X#?P(,#%P$NB>Z7(P(8?6,E88(L
M$8A6.=[1D;$9PK//*!8#(>RB#K8E_PQQR>@0(M0?4@#1MBJH2NDMCM!!U$6L
M`/CQ:\D0((>_&&\8U<DG#'72#Q0RQ(<1*4(PT%Y5=<154`."%&6!+0I58!0G
M^OQT@R94`,`&#`JQ4H0-,RBDP3LA@D%0"&D\:-0#+"A(T7P/DN./+T(8E4F-
M#/WPA37HV4B1![K("-84!E%8%",O*"0#'A:"\%,.3A0U0D+9&%"4A`<E0U0+
MXA"DP1V!W$&)/QI@(98(`FF0!!QT=&"D1$MDV0\*\'1A!!MIT/"&'^KX$XU1
MI3#ED!6?@'DG1,X4IF153!2D@6I$Z;$0!T`4M8`/0&VA94+1#/`E0AJ80Y0P
M"TD@`E%?1/_RZ$4VH$"4%AX@-(QC1.6BQ*PD#35I58I8BND`6FS:*5$(X*!#
M?@'0H(8(OX1`$";X!##$,5$6A`X(@6*0AA'H"$3$,#YD!X`8>A0UW4$)E&"4
MHP194D,_#A2:`!V^R4K0)Z40%<2[#,61CPC"B6",)!Q-<(04.P1``B+#:%50
M##@%<,@)!W70BS(8M.'0*47U@%`3RAA%C4--M'(("3E-@<0$!Z5B##)O3#P,
MB08I$6)V1F!BK4`?G+*&NK_Y\,H-J2R3G0^:T$&O0#_(DP8&)+RQ1F0+'5#`
ML%4%4!`1147@B;*36B!"9_[P4E0;=@XD@S8(@"5'(J1@^N`>#1S_5(R7IS:I
M"5$F",0"??V4<3$P1.E2)$-'M$<"?!@%LP!87,!1$!(6(G1#&T2MXM`H19F#
M4#!&J=&M0G?L8"JQ6P[T#"1U'S4&+XXFT$Y[)8#JSR<//+B./\VT9T(1!'VP
MA@)@'9-K0EZ#?938!)%-5`G>+#0E6"C$(L0BT145C#\4E%,4G`.%$TI1M3R`
MP;U$-;/"(D1!@,$%8?%]T!8.%I7(01*0`[[$TP!3%,4,!:E$+6[U$#<1Q0FQ
MP("MB@().EC$"B8`#P9VP([:]>,(!'$'LTC@.="5(`\-28`1D%*-@R!A#D9Q
MT4*L(2^BX&,*B,!!_YYP`('XX')$(<,;_SI8,C`E``I$&8`RWA``*A7%`"+S
M!0R)HH`%'H49;4LB.[1``RX8)0@5$,@-,E$4/T00?WNR@4*B5Y0ZM`(XX\!#
M"Y"!B2+881LZ\"!!""`+"X5A(96`GU$$P(:!5($,13F#+UB@!J)8`!`#P4+X
M6F"$UOB#4_U0`!V*L+Y^Z((;!3%%!HBBOXN-X2@\,`@!;$`4%0@D!$$H"@Y6
M0)`FB,5W#<E#4;(G$$-(JA_\\`<9B>(#GQ1D&LSK1P_*X@\EI*"-!!+(W]PE
M$`+X@"@"@`5""/&U#)BB(13093^.=Y!!&`4-/53(,7C%"6D0)!A4Z4<6"&"(
M&J;#@@)IPEZ(HO]-@73`!4CYGT!\<8:BY"('+QAE/PJ0SH%0@@[0((#;^L&(
M>PSD%4#LQS($4J%^+("7_B"%(I3)@35^K2@KP$4:2("'&7R@`6(HA,14`0-I
MO&Z/?23*!1J*$))5)04@'$@O)/4$.VRO'V90HS]DT4D%?+,@AQ@"!Y@`4'ER
MC""B),HRV$809T1G$?U+94$^P(Q^0*"0#0"$45P0QH&$@2@9>(5#)`"Z?EA@
M%`3)0E&6T0`#$>44!Y$"K[I``7^<H)/]B$?<!C*,\-&@FCT@B@&*@9`7M&N6
M!)%!,:PQ@W'8PA("X886B#($KA%D$F4P2E`3X@4@0J(/!EF'@P9@C0G_'@*T
M!,'%+VGICP9T[E_QO``@<E`44"1D!;$@G%@%8HVBT"80?R`*2`4"`V$8HFLG
M[<<3/,`*^&$A%4[`@0=SH8F;IL0V1$G!0@BQ#K#\018$Z<,.X&J/$:2#*#J@
M)32<V(]Q'`0:=O"'$8`(@I801!)6Y(,E!T(`'/0C%X;@U7('D@2B,*(U'.`"
M`SKIS8$D8!A$X40W_+&'1>0'`Y?H@B%$H(TAM(,5VB"*,II`$$WPZAL'2&X_
M4K"+@V"@*`'VA][&8<R"5+4?M"3`CS-)XX.,@"@(%`@TEFR4%,AU!:/M1R%X
M1I!&&$47^$0('*;8@E\9Q`Y>-`H4@%00*/3/_QD">7(_$$!"@IQ`,_VX`"L<
M410L(@2Y1,%`@@92/*+01@Q$0:=![.$([!8E`!/PA)=`,`(7:"(;IP0+01H@
M!6858B%,($TL^S&$H0D$%0[N!QF2P`/X94$KUR2*(A2%$&P4!7D%64&J%5P0
M)L@+!+((WX1[6R$#"()-7>B'"MY!E!J`E`A4((H<0D"`&3SH$/:8;S^TX)^!
M'$-\Z%!./[9@'(,PKA\#B(P\9B$P4Q=$%:]KA#\2D&D')(0'_6#`(?S1@4@4
M90"UR"!19G&/.#PSSV>(V`[\(`4K(,(HQU;((8K2"@,7)`$"+\HS$`("7N%`
M()Q#-Y/LC&<4_$*M^/]"WT%V<?!UK&D@7B;*%'YP"Z*T@:L086,_;N$/`^W#
M'\3H!PN@T8*P$(020R!*!/B@D%2@L1\N\`0B^[&#@A2C*#N@P"^*8@U_V`#/
M_6C&0M!0E"48!`9?Z8<.V"R0-]3-%4L`W+`IX)A9@/8$5-F!!)@'@7H,Q!7(
M(`H>#%N>.<_A60'8P2;8W0-]3/T2IQ&()1I)RCN,.E$&^<'4MQ"E[)JB;P?I
M.%'4\!^B,(`,"&G`'CSZ#7\LP3$&Z$2W*]'(,G"#E6&9@172WH\(B$(AHFA7
M/^1@6H.(JBA2B+Q!X!"^?@@D<KT70T%^($L9Q%P%OTA(!8#(\X&PX.%$N6[_
MX84`6XGHO$Q?2P4<\.>!;L2S*F92`16#N<W1%&4*5K!`H@ERR*),PQ\Q)P"%
MDFQ$40BIL!#:Q@7E5A"I-4XE)3?Z5PH=<`>`DR(>]@J]=PSD0PX4I00P<%*B
M(Q`Y@$1:Y@\RL`I$\039@!!,`#\JYP\@$#Y!8`70112\4&0#L013U`X-``)%
MYX`)$7=$\0#^$`C,$H(&<05\D&>10`F1U0_%DED/<`;^<`Y*%P7&``!>``N0
M,`JA5A1#(%`(@8)$`0X6<Q#U\$MA9A!"2!1J%&L08&8"00&H@VZ=X`\UUP].
M``T)X5,"T`H$(0J2@@._4GC]``X3H7-(<`(9D`7^_Q`C9=`!R'`!?U`[?]`_
MR0,>CW`0!!`&?F`4--``J(!-_R<087!\_?`&KN`/W]8/.%`$'I!E_6`$"Q$"
M20>%M$80#6@"#\A17K*)%$@4%A@G\F<!N2)GC\4!;#%N`X$.G-`/V>0/CO")
M_;`("U@0VU`473`0K?!+QN`/U1!/F'`0]E!5\N`/]M</AE!8"-&&1/@JT/B-
M!W$X_<`)!R!G.#`)!H$$7N`/M$`4?[")!-$!=6`44Z!\!N$&4]</PU80:4A:
M5W40;=@/:A1T'@5*_G0._<,%,>`!XF8&-Y`0K'`]TB<0ZI!1N2$!AM@/YH"0
M#:%S(^`($1`(%`!0-C`/$/\`!+10&)P`#[5#$&Y0%"W0:`7A"Y[P.H+7&B@W
M`,0P"H,P!$CI!+W@#T3@"=)F!;L07?U0`Y6B$'9`C4$P")K@!=A!!8"("*:B
M`*OC#^R@79UA!17(8*0S`*1'`05Y`=?@#Y]#.!83E)F4&_I$%$)@<06!:/W0
M`LZP!W4P140A`GUC!+PRE091#6C4"SG`F`0CD8!#A&37#P8PC@?!`1E4`/X@
M#D3!4`AA"04Y3L-V`)U)%/V8$,900S1P@`GQD.K(CII9%#:@9$@A$`F`"B,%
M5TC@#P>0=EP@!EY`#2$B`HT`6Q\0:XR0"<8@"`O9#YY`,_Y`@$6!`F+W$&R4
M`2'_(`I?<``'P`=Q8`JG9`1N0!7.@)1R610E4`QA4`%%@`EY$""W@0TMH0'L
M$18(@`R\]0P%U0_$T`'0=R!$F1"RH)5@X0170`Z`TVW^T`U%5PV@ETS#.`&,
MXP#_(R8#$((;8$YZV&TB]&#ST$Q%<8<`9#YAD0$RY`]ZM6-_9!!LD$S<<`X3
MI`=K:1#BP"M$B`]49)L&05P,$`7^P($+Q5,$`6C](`1<)A".0()V%0X*$6-$
M,0BXA1!4UI`$,9&]^6]Y<11.D)?^D`KM,3"&M81A,0M80!`<$"-'L0GZ^)(G
M)0>?<`*2<`--0`W"X`0,P`DJD`-%EP7PZ4_B)",#``5M_V58,WH4*?`-S3$0
MJ'!2/#<.;X-S!]$*0&0`F[`#.P`,\K(($K`&0$2A6H```S!H_J"A`W$-<Y8&
M5!DCC$`Y$P`&F3)B1&`(`!D(_B`-U[.-!_$"E'<4RH`)RC<!9"@'TG"&`O$"
M3H0#'A`I1%$*46H0HM</1.@I"<%*!B`%_C`%2#&,!=$$4T0/!M&"13$'Q8D0
M+!`\1`%)"H&*L<-QO.)\,=`6"L`&S^,/=\`LN?`L;P`%M@(*JY@#$U<57V`$
MJW@Q/7(4"V"E#,%&3`($IH(#CH$+-4`#_0`##I`&3]`_SB<0#;`L[>$`?*`Y
MF54(1!$`N'"+>L`*!6$+\$,%_O_PA/V`0@O!!KS2J`7!"FCT"%KQ`HP@3T66
M3)D`G+NC`#0F"9*%>`\@<"@`29@T;M36"JWTG0:1!$[$!]-0%(HV$##`LDJR
M#A-@#I+2!B&9$(=0.S/@M/D&!0A!"?*09[_WGUOYI@:Q?431?02AKD2Q"9E9
ME%2:H@F!):=)"`H!;T3Q<48X9SI@!+_A!7"`@PZ37GB%$&X@?_T@!7V@4!D@
MLP>A/,E4%,*0#!-[4E82"E/0`$>@?R'`"&2'!+I`#T@YLO[`H=@4!0"P"B2@
M`VQ@!.\@A@4!#;D0.OX0;?M'$-Z`32"$LWJK$)3G`@QS$$!+%)_G#]]0&-4K
M$,E$A/[_\&0((#H!Q#N\\!\-"`H?D`!8VP]SH+++EV94P`W+V`\QZ@]%D'$/
M<@G^D#)$`0;:B1`9Q01%P"SM@!`;T&DN,!TYQ2Q"P(<$X8>`6)A&$06^D!"!
M0(TJX`8*`0@35`"*FQ!FT#])"X^?J1#0UBLU>A!*X'_^D`]%00QK>Q!]D+!%
M(5>.U@_GP`%?$``44`SZ)POPX"7B(`6%X$&XJP%%H0":`!&[4!1,M[FPXB\"
MH;PM$`\W6Q31BQ`?8'^OA1#Z,$&F8"<9E`X(^;W^0``%><+Z@&YXD`_Q$`;W
M20ZF,@"(((VU(S8'(*=ZH`JT\!M&4`<Z\$V_$#Z@HKS]H#H#__$+544%D\!,
M_L`"=-`(^]1"`O2_`6P073(F_F!MT&@E!P%+>D@S'/":2"$%W98`_UD")4D0
MADD4/>"2!)'!K<3!"8&6B9L0J5"Z>Q"N]8,+"N$!,SH'%XP0\W`]WV@%^MD/
MM+`0]W!P&J6;",%&??`,*#`',*`$1?L(FB`OTU`)&444`V$%13$&W=L0MO`F
M_A"=18&NYJ(*1)$._P.]"Q$#PJ+(!Q$#S]BY$W`-["8&F;Q/1`@#IX1`7K&5
MU^@//T"-BZ"B+>L/5N"_8)$!OQ=S+2"SR2`L83<0X4@4&&(0IY!F@`6O]IO)
M!5$J,N</SH!-H&P0+Q"X`R$)>O)%T_]Q`FSJ![Y*P24CRP-Q!PVXP0E!`&`'
MP@FQ!KS2`B')L1ZU$`M-%(K#Q<H;"EUIFD2Q!3VF$'48S8Z6`:XP"OA#!QK@
M16M0!G6C#9YPK^(L$+#J2/W*$&T28@+)<O6!Q?[P#$H-#!LW4?VPQ0<A#7KB
M!81)$/I,%.!*#`Q@`=<:!0[RCKUGI74[`,A@$)^`*62P`9B:22A4!575/?DA
M!'Z0#OIHE<KF#@*Q#$6!"$"B*FET$'F03'X1#9("`(]S<374#],!KP9@=@9!
M"=GH``#P(BM9U2]P`$H]G5WP&[3@"0_`>\K$TX9#TG)H$*,`S42-$,?+3VE<
M%"ZP$"L@*0W_O4W+P@[M^@E^U0]UL!#2,$7+(,T'$3VD:JK]P`<)@`7OUQ;5
MI-<U`!$``]=$H]=^%@A6Q`RMX4#]<',*T5I$40W..I!3I`UQL!=UP-Z*W0_I
MX`]%9QFN\$P6P*H#(<RGB0MYJ``HA&_0J+.9-YQR`,S^T`NIU@_R&G@'0CD%
M`7XU`!^O@$;6BA!B$#X8$!>XK=L%X0%1L&/1+1!*X*!9Z@N<JR2QK!"O*:\'
M0=)$P5L&L>-$,08DL@+,LF\*(29F%0VZK-0D`,G2@$8M<+\&(0H*104+;A#1
M8S*XS,P4H`J`XU%KP+-&`9P)BP#@ZQ!](`Q$8;!N=7`ND'W^1A2(_V`G\R!\
MY*<0AT(4\'L0H[8)Y4`5*DX0$QYVZ(97MA$!&F@0'JYL8%`)/&!'M'2B"Q";
M!M$$]/.DW2$0ME:MI$`!6:8#]4H0XA8*L(5FF=*C`A$#F=8/L0.O`M#2IR5M
M",RK19$&<#!P"1<`;]!%8-'D"6':6;JE!"$"]=T/3-#F+&!%_>`#<>%3`Z`*
M"G&K8R*L!W$'PC?F'L8&10$,$'P0L%`476E2_;"-J-@/JF`%<1`)U(`$+X`%
MT)S6'8!G=`D1MM0XCQ,"P]0/=QAS_5"*.2"+:"X04L!T^U`4*RSI3BU_Q+!@
M`Y'IT:5>Z,`\QG@0EYMGA6(F7O!`[G00-/]+%)VP8$Q5%-V0!*.F"C,\$)]P
M?$#P@%162BE!`K4#`A+BR0P@MQ>S0!9`60B1`,Q&6NYV$/'0?-2NN5.G!WY1
M$).0:I>@4&M7$!U@]$0!!1;CR<6N$"-*%%.;$+%A:`5AUT4A!*]>$->0=NW0
ML/C>%L+P`$*``B);%-_M6_6S,@_1"T61+`21SD01"GO07$11BOZP*X)WC<^@
M'*\``P5:4;M0`17@!M1@!&CP"'V3)$81#HLU\B++`/W8*1$`9RH/?1#03V(+
MSPO5\<Q;%)\^$&S:N;1056S`WD6HE4$O$(_`N24@X_ZP`C10.T``>OZ0"/\&
MY@.1"`[&`(^E$$G_D&:E!FJ"Q`Q5;Q"/CIUL=P[[A`(CL`WLU@]>4&0P\`"U
M$P01":\1$.D&<0)DFP+B`!"[*MC(MHT*.1'^P/5C6,[?0XBH"C#L=^89Q(>3
MRC#,@`3C1XP')E(D6=(DPP`/DU%<<`KDRX>4%C*$]Y'#%(I;A#!L`0;BA&@4
M:PD:1BN``88VDI@X2=+.PW)(&8XY\3(*`XH9),"9"@.FOSL4=WQ<\88AL!`O
M$PBBR.OCKQ0<"XQA&.DE*Q4,&U&"Z(5N/P.9D/RJHX"BE`8?T5!DP`[9+3,4
M31#Z^C`)%X9C*_MS!(7BIBJ;*:BA^(16F"/`!'!L\I#9ZG[*UGC1)K6?_XFT
M$&<Q-+"D,J&131<`\.>)80D0+YG4HJ@@EJ9PU(1`8*C@UV:,6YIN)ZGHX1&*
M#A)AA^@*&<,%/D"Z.]D3XX1Z307D\1<I+W=)4&T'HV`5:S\&C"`@,@%@J0P=
MBLKX2!(7&"H$IA]*84B`=SZRA)Z3[`)I#</ZV0LC32QH2@]`$@#)`PR:8F"3
M%[!#A2)LL#OA$HHL"`>[$+38;A4K,%($MI(6F"8QB!QI;K,1N.MG`2-8D(.A
M&K:!B8X=N(,D#/(@@@=()4W:PQ\"ZJ"H!0*R]&>"2@(IPHX<0+IA$AXJD+."
M(L)P!20D=)!J@$5\D.$A&>RXAH7WDHDS&PD>$O]D`8KB@*D+!!BZ0((;BABH
MQ:\HJ."'/G;A"Z(**%(#)@J2B6,%'C@`B1LD)NEF"(XJ>*D0BMP`*0E!N/BO
M!"U>F>`K`H8A@Z0!SFCFUX=&<"(9D`AAAJ%0;"'/$)*LR?*<*$J@Z`(=PBCS
M(UMN^0(K!W2AI2H+9;W!ALT^R`8553$BX(5L[)#A@T0\D"`10F&BA`=L&J0(
M!6*ZZ<!,0/WH\B1\'B(@188L0'ABBBOV9X\+&(K"@T<C[6<0BT$294(V0G[(
M#F%B!8D(6!FRU6208MCT)27ZD8,4C&YP9L)CLNQ%X'[6\05A1WJY`6:DDU;Z
MY)073I!C?Q*@"($TEK;_&F&,&;+%Q)<@9>A/I#48AR$(VDA"FFI\,$0$>@9)
ME#PD%#E#%REBN%6;,VB(PNZK8=I@$(:>..**!'HA@:)"WI:Q$Y+4Z?MQR)?V
M(!)B2`C@<LPS#^"!*8[XUI\J*"HP<M(QXJ"(#E#1X*L#*K"$#J5_4$3)&$LO
M_88VMC/@EJ/-%"4"BG2!/<M,H.C#=N23Q\X>BB(00WGH;8^#*>YJC_[J!N!H
MF:(!'MB%X@UPHJ@-Q;^R)(M^5('Z>O9MAX4B")1H?W[D/VC"4?JMYH")8,"I
M`F>+H6)8%*G#!BHCBS\PQ"7Y8Z#5:-"<UC10@A.DX-5&(2**@()=(%E"%`8P
M:Q5<5%"$"",`21PP0A2F4(4PB<072B(,<P!"%%B8`B.(=00BK5"'#Y$$27*Q
M0R`&L8%+.,/"%#`(=`EQA45X`.8NH40H1C%Y#<"$,IHR`#F`HU]2Y&(7O?A%
4B\E`%$:8`0!$T`@E&!",*`P(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>o41422o4142205.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o41422o4142205.gif
M1TE&.#EA!`$B`+,)`/___\S__\S,S)F9S)F9F69FF69F9C,S9C,S,____P``
M`````````````````````"'Y!`$```D`+``````$`2(```3_,,DYA:`XZ\V[
M_V`HCF1IGFB:"82!O&\1J'1MWWBN[]APO`<#8>A"$'C(I'+);`**A0L&4$`4
MFE@/@`#(>K^Z:J'+&1C!:)<4S6Z/"`@0?#8Z'-TE.(*,[Z,(:SF!'`!G(T)?
M=BE`?0&#?B%F!AR/.P:3D!P(F"9FFW@"+Y69&Z$(HW"C&BR`((X2+J2KGR=5
MAFT_M[(=+G<9A0AT'@)%+\(<<%T'!VP`JA1POB6YSTR>NB2AU3MPS!N2'T\O
M@&H?J:&<7RT@:LY<)##'7P"Y"`,G`>->^:<</]6F#`!P]H(=,Q?WT*R3`$#>
MA&*B$C@LQ:B-'F,GBHP2,)&&BW0]_Q!X*S-NH+@K'PP<J`)2Q9!#F."T)`;#
M3A>6(#RA1&/J1\M(,#0$Z`5BC;-A&#?\2/BMY,`B'2D`BWA"`)\$Z&8YO)3`
M5C\)-&&LN2:'JHBC'82%DB;UA0$SOM!^,&7E5Q&V&N!*".+A!]X)W3IXXO+4
M+(4!4IP5.7!A2T-43!.(2_?QERC&%#9=I)4`8J`BZ:)E*))@R%4)!01*C26Y
M0&0"/O=RQJ#1L82+5P>\I4"W7Z"+4E@\&BQQ=@:9A%Y$QL!/H&+#%+S",$*F
M5T'+Z;Q6B#':2)4UO4%/&!#E!P883(L=`]9"'S3N$CQYTRL9(E;X&&R!U'^&
M12YO6\3PD?][_-"BQTY@B77?3PE^I0%.''STW":G8<""$,@UZ)8&HFG(B1[+
MH6/*&A>5:&%=VW'&7R#2;9CB.!#=4<YD6=V5P361V6+5=#P.X(-R"?`81V?Q
MB..>AD-VJ`%1%#F808LB;<.;(0'4XV2#9`#SSP2VG,:2@I()>20QJ520"QUZ
ML/`5%3P*4,4$!8K9#S\!&'F*$73)TQL90\'0'@Q01EG:.%E=8\$/*]T2GFRH
MB%2A!/S\==MTE[SSAF]N578BBI--@1^DT_D%BY"B]JG2'@'\^94I]Y3YXW2M
M]F.G3*W$(LX!1OIDSX',37=%JG(>D)"0[X`V%6C`4OA=@Y?TH\?_1)X(\4BG
M3:*841RF7!%*9&&=DJRB7JE%`(YKL6F$G\"`!@Y$>R1`')&G]IB@L$!H9L]#
MI[`;3#'JK69O:GY>`^1]?KXHIV[Z`"/99C`>21N/EH[J5BL/)W5"$-E.>H&;
M@+KEIV;Z"J&?)PE9B=C`Q1PA&FPRR`0%OH#:$AF_4SD(43$7,'SO!.9^2QW!
M+@)-F9A"4!J<2%ZI6O`&+0SQ;&9B3NEP";WM-""@,Z1\$Z6`"%"/L+>!YU9P
MQUA`1B@.P<I;I3.L-86$1,ZFAT#$C`%JO9M8H&9$Q`@A3(&JW>U@G-).ZG!X
M4O@DG`@!Z,F1!4Z_9VTM2\<'@Q!\$#/`DE5ZG\;"YH1$)=0J!42<@HX8C,N!
M(VW+*6D%F*=NNDS7;6>`0ZE1#*F4-9AA=PID/KH+%AP!GTNS#%Y\;O*[\#[\
M\SF\4J8-^13].O389^^$\SD948[VX(<O/F#GMCO^^>CO8AWSZ;?O?A,#7O_^
F_/3G,!WW]>>O?PC_[>___RG0@_P`2,`")HA]!DP@`"V0P`@``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>o41422o4142202.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o41422o4142202.gif
M1TE&.#EARP`?`+,``%-34[2TM,#`P.SL['IZ>M?7U_7U]3DY.8N+BZ>GI^'A
MX<S,S&AH:)F9F0```/___R'Y!```````+`````#+`!\```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSOIPK'8>`9!`B`GR_@:#H=!&6%Z8QN
M&$^!)#CL&)Q):4_0/!3$EX3SG"FL3\PP>G>`SBW?9D-#**/(<G<X``Y[@A0.
M"$U$%T%]@22`ASF$AI,/#FZ%&`V=#I`CDI<VE:.8`PU"!A8##JB??["F-*4;
M`VI-``$4`4Q:5`<+%@*$GUH=KD$.NQ4-"`^I@4:*PUC&%)(%?86K%`JI30G=
M#[T.OV7"4\4,Z0]&2.1-;*2;&@,'!PH/"H3,X`X)&A!9L(B"(F:*G###X.I!
MGP/C'A@P`TV6A"<5$``X,X!0@@F`_Q)H,8#%T@."(Q4!(/(OX,""$@P0(#"P
MSJY6N<0Q65BC5@8UEI@PF)#')):%9(9.J'-,0T--3<E9B3:E"04U^B10Z48F
MWP2"!R:TBEJK*(6C$QH$(M/P`:YYE.IE((/4X@-"4?LL3&4RU;,-;;'(F9B.
M*@6"#L3:(0H``%>[FM*&I0"N&UX*>B6TXHGSXP-1&8JUK=BD*=LR/"_XY*``
M5Z#+$S)+\,MKL5-&;(\12VOW062M`#6`]FU5@N@G,&%+D'T:>;WA&!!,KIUU
M0I`S?>!:6)UA`8,#`88K=[AL@AN($PYR&$W("H"FALT7=QM\+N3YO;>;PUP^
M7M1A^5F@%O^`C"AV1A"I5<#=!8IX)MY^L?4''`&K"!410P524<!NO$'R&WU_
M83#<ATU<J""$R_7'A&<B!M@,*&04J%EYJ;2CFEP6/),*BP_F)>%R"8'GP6@3
M04$`3_%)\.%6%C`SXGQ,6;``(^/)%L<%3KI(&8RCS>@$BQ@L*($`'\D#DEU5
MXDC`?T/*"$Q$21*7V!9-A*AD.D^VI4@7E$V0IB'*@+E/EJ`(R*6,[F3B01U6
M5&```/HTT<Z5$S3!4Q^6D*&=%UWFD5HJTXU98GIU=J/-!%10H`DCR@@I00(+
M6<J?)0DAD)4VW:2ZP8`5Q%A!*YM>P!9ZV``P61\,$)&`-0;L@IBT4ON4P0@N
MSA%0'98_5A111V:2*B%)SLUC33O@U(4<`]T\:YVT,5F31;M-7,N@'`7LP00C
M`T01A(W8.N?<7S+IH<`]A>2+7`%4.#'2-LX16]43EJ"BF',"X%1%;0)[>3%R
M]`:Y$,/R)%P:JG4DPH8F&(7IW`+_?'E:@DK0)"4`_,YB\\WIP4Q.S3CW?(FO
I%S1@HL]$WY$*F[[Q7/324G#;P#S-*LWTU#\<`48`0U.M]=9<"Q(!`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>o41422o4142203.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o41422o4142203.gif
M1TE&.#EA/`%G`,0``%555:JJJN/CXQT='<?'QSDY.7)R<HZ.CD!`0.KJZL#`
MP("`@!86%M75U2LK*Y65E6MK:]#0T#`P,&!@8'!P</#P\+"PL*"@H!`0$%!0
M4)"0D.#@X"`@(````/___P```"'Y!```````+``````\`6<```7_H">.9&F>
M:*JN;.N^<"S/=&W?>*[O?.__P*!P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZ
MO^!L8!Q>$F:$L:`\%(P#YQ)A_0TX.GA\0"8P##I[;"H)?GD=`PMT*7T%"``%
M>`.!@CH!`(9Y$'0"@#$):DD'?QT%!WL$`W$N`0,''@`&E"@'#`4`MP"C':XG
M`04%DQX"H\&R?'X&@02B>9(>!0,QM'I'`I"D#26F+P<(:\.*QL*/V24"#W\`
MX020Q2*<A^(SHKPF!X8!G2ZHS>%"PZ14D2#3XE$"$;#DO7.FXMX`.OD>CBAV
MJ8,Q-_Y46(NED4$>`"X$5,1C(".0?+M2_Q00B&(82!%^3-J8LR2!`P4M$D!@
M$`!"!P0'/32X$X%$14H/$$"XP,"%A9LM+.198*+!@JM7(2!@@.`JSB,7.@`(
MVLL!"SM?*^S\FB.!A)]DD0"HU^)>![,CTI6`]#*,-75"HYUE(//$M;XD!`@@
M0*#!@%1+\KD;V*$P0HDB%F#6<0DQDF$PK%$304"L.3PLNZ#BZ`$"713Y'L"X
M9C$%`0:LDW"BNFA`[A.Y%$GF<0GO$@.>5XSD[2%FB<YE\M6SPV*88!?H\J0P
MH&_)@.2)'Z_0K(@[\QS<.[!58NL%RF@(1-SS%]'R%07=\ZU'`2GU(@<`U68.
M-/8)@9Q&?U@6`/]A(USRVPWI37:$:2W`T\D#R-U"%W?JC!%7#&.40X0`/$W4
M70H.P0``54>9\YT3J!3FV(DFZ-<@C1".U@0>!;Z"QTL-I#1,,IJU`M``'[Y0
MT7Y`#`/!"*+T^,=K#16`$!YRX)@$,"H@T,&#E`4BFH0TH$3FA!2J4-HA:W3#
MD!LKGG%DC\#A0>4/UC4(&`MKGCD09M!-Q%`3!UC9$E\JY,.1=?[58&84"^"!
M@(@GW`%(4@]4D-0)0\%%0Z1:^J``5P?9(9L++:)@P9,>*`#4C<Q=\.H3#E!*
M0@,>2:!"I+Q%0"H/$>!Q'A*L=*>+`;:*@-(A=`DHS!A_2#(&DRF,45'_,J``
M49I@MV1$D`G:M?02.$9U$$<`\4'A"VR1)&EB(,/Q0&*H1(PTB6C-X()+).X8
M2IJ7A^A[:D&CZ,LJGH\I5L"PF>E(0A[^67,0N22(YP$K[BH!@'_+DAEOO#L`
MY&<0OOQ8(VV&_():"UYN%L,##@N1L`$K]9*'2=<\R,XW@X[PY<4N-P%:C7F0
MB=]+N31:`T#@%<%.=6\$0(>#!;%99LQ!M--*2]%*F%YW?0"60,^DF4NQNLE9
M2":)5OY%YPM'9DQ$S3*4UA0+ES!8(QPD[(<2>&_`D`;?=9)2F!]^ZN+`+8,B
M,%FAULBT3+<E-)#MLU++M^<+R90P-DDJ`$`8_RNO$4`S*8\[`)DPD)PZYSOI
MW>D#*S2T@S<>`\-.2M+IY8Y2NB/T@9NB=:4#B:VBK:Y2CP?@8H!`*_+'RF3L
M?-E`>U#^N(E>%Z^L(DL5-7VE`C2'<SVSSUSWCBWX[1&W,-%"]!WH1$`@O@H<
MKA`@77T<$L@C)LO>(>(2(6'\3`4*2`<=U/.GGYP%3"J"8`)LX8[DG2%(K`E?
M\/X`O#_XZP7.ZI[54,`==)7.(_6XQ9_VX!/%X*$`:R@69F`FM1$.@0,,8P%^
M9H6"!7B$@2)(@`\[`(&@!$E8(W"5I,AB!T\E@`$,D)M..E`B$01I`T&$@$\8
M4)053*H&#0``M400EO]A50!4O'&+`PXR*CQ,((D>04`%1``S!B2+!<["%17E
M%BD&`*"+(E"B!-CRQ#0"H(@>B-0#$H``QXE``WA@`$Z$B($Q!J$T$.S-_28(
ML1'P`VS$$&":?$0AQP2-!/S0FPBPYPM^*.UACCHE"1SP((#!:P#I&DE?4.(O
M3LA2#IWS&0FN49B(L&19Z\D%:;CD(\=U!P"6LD4N#"`WDHVR.B]:A"-TA!^'
M5:0>"ZC(=3Y'H065I%IY6$^4@"8R%]`K=/<3AG%N)"3NQ,(:U\#,>Q1QB5,D
M*EPP\20>#D:TY-CE1/DX0P*G)BG?+(06`X"$1$WPRAV@1$6;,X$U0%6/V]#_
MKV%I,@`$XO<.@('$%\X02>$0V@E+^.@EA/AG/*NR-005HV#].^?U9`B12`BG
MI>KS7!X@6!%W$>*:0'/8<)KWCI$L]&(K^8.8O,>ZD>4`);+SG`HUXM%)%.J%
ME*'0,'HR0G94!!H;6^9D_A:FL/G(7XY<!-:JY0V\(4D;'SD`'0B``'[,T*=)
ME`0[,DE*&*(@@'+P2$;S,LI\N*$`U+S2(<X`"%OP@SFC@`@SBW`S%B`@JQL\
MH$B>9T,-`FT,(V2%`+QTSL#*Y!(?C,@C7.$0GEF2L1VXHQP@6\TK4>D2!`4:
M)_4)V'?4PK)J$HO2'H7*6T#@@Y11GQ\TQ$_MD49J_TPS$84@)Y?B]H)L)'2@
M!U"Q!^DT%1+I*A\G]$:Y>)"@&RKX@RIR01`"P*PR4*VH?"+IL5_H5X0GP(.(
M1'+2$3H7O\H:@&Y-8(#<V<Q9?4@%==B5PL62,FW<NY)$$I*$;I(D'`(H5&M9
M\(>#..<5=R-O+A*P&F5U@"KD'8$?/0G9%6!)&`C(3<?<IJ1\1>T!G?DO_+0$
M"2@Q)%*G<.AGETE8%[6`&BAUA8W8M0=1.!BD5,INN0Z`BBL;00&BRP-7$+"X
M1<+``0C0``)R]P`,+$`I!V$`F@$@(OPL0(MQH0`#KG+(!8_`2XT4XW/PL#A!
MQT`!$P"8I+IRVQ/X)(>MFO\S`()A@3T?,B@44`H$S/P"(+<`S`C(P`+*\>;;
M)@``C7S`'15`@050ZRI7/O6:>VN$-]`Z4=12@$#<D*0TH"`-;QMOQ/X``:N.
M*-A9FRD*MJJ09A/!@\[6P8UCP.%H6]L'E_CEM4'X3HV"=]O@ID%%A!SN`(NW
M!;Y`=KG7+4!CL[L$0ZW.@=Y-[U78J=XQ^!K=*.H'<N-[W=U4]K\KEK*Y6"L7
MI1BXPDV0``P0<>$O2(">,=$!#`!`U1#/^)`%KO&)O$'=';<V0.89\I*;7#EX
M:/3)5][QYJ65Y3"/N<QG3O.:V_SF.,^YSG?.\Y[[_.=`#[K0AT[THAO]Z$BG
M]QC_7*ZAS`7/`$T^>0`R5&@N)[T)9+U%U`+0O$@D8[8@_S<!1D)Q]#75W5<_
M=#@OCL44)."^'="`S1N0@8LK0`$)N/L%(&"I2%I@`0Y`>]IS(HKG[<,6D:QY
MH?Q<O7@/G@<'<`!H&0R94,J\VBOXFO(>;P-1C"7BV22EX$,&3>A68=)*ND4D
M.#^3Q_B;1'2Q/'O.?85Y5Z<]\TH)ZV,@D@/"#1&)`6@2LGUK)@SM]KM<_>Y?
MD,!O__,UZ>$X<>8ZA80C?R_47WX)Z@,B&EE(Y3ZPR^B14)H"C2TY6-7^("XQ
M@>)G49*>^R&DA=#'1F.J"61F@5L@?0?IDT"(]H,$#=!(_Q2@!6W$0^B682&1
M,')`4L-G0RAP7Y,G!$CE(O,7*)[@@$7P-^ZG!&OB?VP%`V,3-"@1=3\0*=KV
M9Q7X92NX$'?%+B9H`CZ1@CWP.EB@9>YA73"```]A.F\P36%W`_!@59;C!$?3
M&R08)C)06]7@04%(!)]C>BNP)C1H`J*S!I@P?CK03EV`'T%E%$%3*"3`'<B6
M#ZHT!&1G"/Y&!%T7,/JB?YE%;4`T!F>P(/ZG`Y?U!=WD'\'1@.'P"-W7`5X&
M!,/UA/4"@2W@$[Z'*J$",W<HA`K(!0D`5L^Q>?##$KIG;XM(!"UCB&A(1<BV
M)E(8.O3239[X>RV8!>F1&]QQ3/^;)1]?V!"(503CAB=.)P?^P!C\D7*>8"E^
MYCE;P18-\`#!T$WNH`#AI!4*$`%\MGVH-C`1\(PFT$9]`6J(\79782OHLF9)
MA&K!%40]D0$00!7(2&>>\$/FZ$/K07>?1P(58$>W0@&WX`C_!S`+H!-;D2Q6
M069DU@"RX@"YLP&HQ@"LH@!OD49>4DFW`@!O\15@Y@`<4`Z6X"6`-`(-,`$.
M,([P.`*`YR5?@2X^L1\#2$7@5P*K^'N8P5=&0@+W58Q\T28%<`<NDV-_`1,`
M@CWTU!>:<0TC0$Z(T6(J-$$P!`WFP!TU!0C9MP*T`0FF8"V/,1D+4`^]!QC<
M$5AZ,#W_,,,2,Q@'JG<B!!!X0R)"+_%)Z]%O[?,*J<`)BO$(_;,>HO$2]Q`'
MCN$*9.@!-'D)`K%/,]!9.<&`S:$EEA('_3,HXJ0(8^4!]Z!7-78)=*&(?6$`
M\5%"QC6+"70&B;E:>T`U`I1\27D6*.-UC:)2^U5.HO5#EM`A[D4:&18@K%@`
M!X&7`'$J!W4O-48B#_$BP^`-SI!M[T4_^6`H?!5#8G&8L%4NB*B))-<EAB42
MLB2*JGD7BK`FJM1*W0,,7-(RQCDN*[9]'S$0Z?*;[*``R=.3.4-PF5@#B!,X
M"/(5%0$O5E,L7^(,*%$>LU@1P#-:5U(2;"E9W1%C`.&??[``_RO1>^9"3[SP
MFVUR5Q$A"@10B"I(57+X<`4!/,QF`J,@99$P8*/`%I3S-QO&(^L3+0>0#!'E
M#U^#&+=P$'81$^0DF)82#*#RB)5()X<9(('@B#`!0.^)1.-`B:/Y@NP0"#ZQ
M,=DT-M<P'9@Q"A(1(-Y@HPLQ&C##$5N5'B5JEZ-A#2]:`Z,P?V`8%'Z0`F=%
M2@7ZI/J`GR)$(9!01=9P#P`C5>8`"QP4/-:G2S@V&I\4#!](&C1`8"\08S-B
M&NS@`')2"N&S!M%'INJCEX@)*"_T"R5E%^`T+J-05P&")$[:*@4S7C$I)S4%
M*@?4GLI2"CI".-P&1(M@"YLPIO802?]N4#2AI0^^X)ZC41&\T4I_H&LA-DKL
MP`PO&*L@I0_7(*N+R`]P^8BH,(%&1@>*V`K0<*`K85J'.EY*^E-6<VI](4Z6
M<`H+@UCH@J@3DZGD!"\CX0=TDVXN-JNC,3UNFJ/(EDX(HF.C.!*R`0]]<:GF
M*D)5="TYR@]3E2:J!0GZ1%R3!1-4%`C(P1WSA!)-L1$MD2&X``H/L&]3B*HC
M<%]SH0J08UHA&*NCJGQV.0D5`2"O\`OJX"77*JD!Q)HBH(AQ4"@E&`SE<ZZK
M(WX(H0X!NC[(:@+VB`+XN!\5JBR6`G^)=!<C4&DDZ0$ZP1PHX0!=A!_P%P&.
M4W_TM`<),`'_+.(IT<@<,6I$5%04KB(;'O$5IQ9)$9`48_0`#G`5$_!#F+`B
MKD8M>;<`$F".),`K_S<!LK&S(N`15"%$!3BD'!E'!U%J0612<Q1(!_%H@117
M;;1G(N`K1RL"&``58"8;D4)0"9`!`P,J$D`64(03=K`'=\`JX522%,6J)J`9
M=[)."394U14'&2(1##H"T?>ZB.D-1BD0H,,*.+$M,517DG4>>&FMWT`*L.@0
M?`5:"*8[96<(?J2C8N$ND?)>"B9Z)B)ES)0@FII`(-%B9"HA#L2G@51<\V)8
MRD(8!$8'-`0[!2`BIN5BF<D:IN$86JA=K3`'4P=\8!HP*0,^E5%X_QX@%JPP
M8N];LX/UEZHJ`CRRG]T#![9`%@7\"AL35P94`!&;#"11`(WF&VO0`(52"G#2
M=\T[%\_'=37F(RXC&11[);Y0,U^2-*'E?!Z`"*)P+QYAOCA(&K34,T$R:;E`
M%]]T&H\0#+X!F:<H`,_U(ZC'`B[W'59'4=#06M,E$&-'JH*25J=FQ<IR"RR1
M(52<#*E!8+:"')IP)"88-M1%45.G+Y,F9"XW":"2&E#'$GU@>)I3#(,SA<5F
M#LC3*`HP&6Z@Q1=C&Q4DR*S'##G+!,RE?C/7#9WY!&NRAHPL=KX1*3%H?#<[
MR3`7-HN1BE"0PYI<<@U@/]DP*F^4!0<8RE8KAP[GXLE/$(*J7')&[&(R:@2@
M',L9QVSY4,M%\#F\K`6)C,L-<AW$HP78*<P=5W[PNP4<<HK(+`Z`F$CF^\S4
8O&QBH;_5G,V<8KK:W,W>_,W@#`4A```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>o41422o4142204.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 o41422o4142204.gif
M1TE&.#EA?`%R`,0``%555:JJJAT='>/CXSDY.<?'QW)R<HZ.CL#`P("`@$!`
M0!86%NKJZBLK*]75U6MK:Y65E6!@8/#P\!`0$)"0D.#@X"`@(#`P,*"@H-#0
MT+"PL'!P<%!04````/___P```"P`````?`%R```%_Z`GCF1IGFBJKFSKOG`L
MSV9!WWBN[WSO_\"@<$@L&H_(I'+);#J?T*ATJBH$KC8J#M#I)%H!0<>@+9O/
M:)4#`FATW^\&P)%>,;C=""L`1Z`0"8%^31`-"P`5=8J+1@,*<!T"``D!!P`$
M;P&,)@9P"BL'70)NFB4#8GU+IW"E*@-XK9NRLR(%F&\"`0,GG5ZT'@-OP9\I
M!6\'#QVQ'@RWN9A?2GB7OBM\7<LR`Y8'O]Y"O5T&NRG!'1"_O0!\Q"BH`![8
M)<D=`+M<T4C3J_DI>!TY'+R!]ZT@CW\=!JG`HW"3,6R=VIFXINQAK&L"1D!+
M0G'`PWXG*!*\D>!-%H,H:?]0)$!.13@&M/ZM&FD*%4L\+5=U(&<.))$%7>#=
M:GCB'U$9_U(JG7&+Y0J=8V@)#!JJ&B>3'L1D'`%KQ#6?X+H0`/:&3CE4'<S>
M.+:TK8N'RE0P"%?O%X),#-T%]?!PY$.)>1L)\U`5H(K"6V^8B^NV<0J**1``
ML``'["(.71HP`-I!P@D*;V#20^?!`=`%GD4P>).(B)]I(@;*A?,@!SW#CG.7
MH'BR!$(!O64M#M`K<0G.!/%DN16KJG$A-K#"S48"+>.U>W5K%R$2Q0`#0.U]
M*ZR3NO,L71:(J$K3`^PC$46$JP*IY8SAV_/#:<\"0J8887017!"WK",*"F^0
M05C_%Y^8\UQ67=A71`%FO9,"`];Q!^"!^6U76%0O/!)A#$E-:!(>W9R`2BFP
M79.B5V\T09&")_C'2@[J=)C?+0R^X$8'8\&@$XU#X"&`.4&>4,`"B:&2@(,2
MXI&D$CP..`)G'.*PHH[;006DA"<L]J(+%%'W`XI5F5G#&PC<,B997;QYQ&)3
MED!773C`Q65^`_`8B94D=!1#5>H5L9@!6KU0W&J1F%`8H$04IB$P8L`E9PR]
M%+KG=B71!A,*(DZJPH]Z%-'I&PNHQ<*/"6S0P0*?DL!9`TV(V$&L)##@A@+7
M:'H#J9MV.`"6D9B)50S_%>%G!Y>B\-"10,DY'1.,`HE"_R_-9'<#7*0%NQV&
M]04*28PL>.E&LSQ`(FI(5#5ZE;M+4'1I7U-=1\-+W@J+$$T(X0+&N'@&05$D
M8"XDBAB76LC$;0/J5,!M.CB3+Y<?$N5F2%<$,*!L)@R`Q0M69.P;J@6K8!VM
M)MPE3Z!7V.=Q*PYH[%4`JJ[PXX/NB>/!CT3>Q];$.H93VPAP!><(P&:5:<J^
M+,P%22S[Q;!8%T.7<"H)-OY<8G$BX&'9"1R3\-!8BYTTP*G,CO`=)@$6VI$#
M__0,=%NH^-H+REZA<@!=7`TV0G&V/L49`3Q^"M=85B@*":XCA/JW6`6*$+D'
MMRBXY;\K5X=-`<X1O2QC_Z#5=?]0PT(R=VZ%D?!&U1XHW6><&FF[(#8JXQ9F
MY;%U,4@X9V>^@G7S)LMUCO5JHF?N:;E0(@GO7<P7*F1<DQS`R`>`"0&0G=X8
MHQ.,D#4%(YB6Q^A=F%6[0J<JP$`$F8V:'DSG.X#V(PL\P#@*]7:`]V[M>]#I
M!`Q``&=J`YI7,4-$Q.C4NDH@(M9Y0`-4@TF]X,>9"XA`@<A[%6<\4+OQ94][
M;>E+[+H0*XG-SEKRR=)BX&&DDGD@'%EXR>>ZU0*$``H/9(#+DVQR0=B%PW("
M>L&Q1%"ZQ)B01V:130?;EC/9%$9N(#3(+4BS0J+)9FHO4E@3E?$>?_1/)QDQ
MP#\@E0+_M-1)=?+XQVU>)*)=\$@3YEB@N+I0`N:,($&MPV,>Y4&17``))FC)
MB-*BJ(4P*(",UQ+%I^3E``'X,8A^>J$]V#*)?N7B``*`(O)(\T/RV<X%^2O9
M\2SYG5P4\85P()^:)B*[KJ1P1.2A%+EN0Z25?(=TA"P#C[#G@M<%D3MBV5FQ
M@HDV`_%*%*]XU3\`<(`!V$A-J/!#'XD8MA=T!P5&\F0#[B&@AQ@`+AWX1%4T
MB8)KT`@/K%-8B98I`A$=:8[,NH93<JF%!(EB'30[`0(^-":,,,<Y7!"`,W3G
M3]W!I@"](&<3*8&*=YYPE=@DEU[P!+U*:,5XXL!$`;CP@#AN_R@NO@1`K+CU
M2H#42SRE`U'?"`9.A=)3"=L@EKH`0--^B0>>0?P0%V\TL+C<Z540[2D*/>G"
M%+SAC",H3"E^2H`L@).%<'"H-:D"O3J&!IA!.6I2):J:GZ747B^-`N?Z!;!(
M',!*AU.(.J0I"@4E$TA9>(4S#'"_$V!2++&H%E)9\`":0FIYA.'"(8+CADQR
MIZHR`"?LQ%;-?A&I%W6JUTE4)M6PFB&`",AL9ML"P2[0T`<5A((#-O"`!$#@
M?B)*5<H8D!H<!-"RL"4"Q(3@M3J(*;:X]48JAR#&HU!!)WO-K7#/`!>7YH=W
MPTVN(M""R.W4#J+*C:X3:+HWH*$%NO_2S:YVMU77[7KWN^`-KWAYX-OQFO>\
MZ$VO>M?+WO:Z][WPC:]\YTO?^MKWOOC-KW[WR]_^^O>_N6TN@`=,X`(;^,`(
M3K""%\S@!COXP1".L(0G3.$*6_C"&,ZPAC?,X0Y[^,,@#K&(HT#3)Z%@;_:I
M!``,H(L17_BM`XG%;4H1`$N:(4#8C8E*7>P#+Y55%'`DJUC*>P2:KA2L-ELL
M&@):,XS5],GKZ*Z(K?/CM,&XK'(<0A<HP<X7/+$.UY!#)J]@``*X@0!4+JMQ
M.3PU."SK"P6`7@&R!8G]+8&L668>,A51Y3X#K*D\IAQC5@*';@Q2!&E^0IL_
MN8>++@(3QW3_LY_+FN.4)`Z$`N7%?VKW)L4R6AIN'I3LTB#425<9.!VRB&-6
MO`,&B"@!,&&?[T30P4]S!`Z?94%)."`+!$S`U''X$<!@E1]Z$/D;R?#5#=XH
M`F$C:'50&%BEO2+E,TC&)C1]0(`R<1<;U#C-0\U-[1PSZAET<!<KL6MEH`#.
M:3<FSEM1QFI*4`!;#=$Q/PKN-[IX@]ML)9!%.6JUO2*$J:48`&1L\0D<(,:)
M&+8%52FJ#E3F[9W<91G5TF,*+.'N)`R@8/_H>!V*J[8FMZ#0Z_$785K!FQ:(
M80XF`^OK!B34$B#,.UQ`:DJ#<XOF;AO)E\;!`-Q`$#'$)AMD58'T_W#NDP$<
M>S?,7$$G0"*&STXSD7)[79,#X,!KP;S'URWY#**V1SK&8R2X^P,SQP5HA)8B
MI"2`2BU8-*Z6=#GN:/%)Z%I2NR.=0B)8'9="KB'@F(/(D1Q$LJ!5;@*GW9N(
M8EB`?>*\XV(<`U#'>R7K8)P+XD2=FK^$$5A570MU)\19-)70*V[ZKEF/G6,(
MX0N>4*2"*A,`A\P()$_HXG2C;W'/90=2+'S<"LK?:*/$<J15$%7E0U2"J]I@
M;FS@<7%-,SY0M]%9W'E$$QYI\@"$(^LX'*$@NF1A8';_,4%^3H!8A4,BMB`7
M%Y8AJ87KC7]I`YNZ,($SI=?X1K]W=+F#+O_M%`D"A2IPH"!H4Q>-I&9JXQRE
M<%>0\"(KE"6>UDR?(PZ+!&Q:=0/6<4?PX!_4T5-$`6Z18#C6L16+E@V>-FR[
M0&78(X%LT8*R05:#H%/DH%,&$'%>L2R`1@*V@FKKT5#<1$09R"9D(EA8L@!T
MMQ<"`0$9$"H(8'(B@`&,`0'VIC\C@`$*(&P=\``34%I>"%:,L@`0@``*4#\:
M0"PT-#`7P#BUM@#1X(4T,3`8P`P)T`98=@,99Q@"07V*UX=W.`+5`@"`X`E=
MHP#VA@`!L`!IB(@FP%%H6%:E`@$)D(4*D`!>.`@"A"H!@`"6Z`<)\`#$`@@+
M,(;P4&I?:!89\&/_K).%\+`^984R0K9;+!!(&1)X*9(>`&`=FK0:4_)5[4$7
M`A`-OJ2%^`<'Y'`X)L`C8.%F)]%N.`42495V,]`OP`2((_@T.)5RMA@/T/@\
M<#`@G5`*<$-EJB)M=V1`\"0JXY(B.I4V.#@"IY(+UA$DGL9B`+``GR,1/P<D
M-46`:E-ETZ-])RB.2*@BGS1C(P-\@0=XP;<3)'`]`4<X/B&-:&1V`YDL(Q!V
M.C`NM9!_0?%V_[AE)%`829)NZ\A54Y,-P?`<D=2-?6-UU50"<-``+)>`K<!]
M)'`J!$$729(_00$3.K4,".%N6D%3[YA!!!$P4]-U*30FIV*4-4D1$'DX_[W!
M!T+8D`&SD;,VCHSU!B#A?3MPCR#(#/5`9<R4BU843.LH>1G):+9R*9@P)O]0
M)P,3=]F@DOIGDJ*GD=[8E5DS$J:SDK+C)T21EY@R#H^C?*5`=OD7&\JG>"^I
M9Z'G29_T#U?YC==0,CP"D>KHE967"G&99PO7A.12F7<Q=U>0-)"XDHE1%9_U
MC058;GDT)7<7>(I'`GSS;'ZIFUQI.X-)CT`6EYE)FZ@$?31@@(R!<F<'(P;0
M"REP/:5P-<')E:#)>.:@)F2'4T32DC:9D(9I:RQ0%80#DK>9>%[T!A)110M2
M61ED`K:B24IV":B0C+MY9),R,/UP=4<V)6C3./^`&1OG>9Q799D#2@/_D"(A
MESL-D($#TDBYT`FW)VS!\2%<V777U$2YX)M6$9?+X)R&212A)C4FZ);/67VF
MUR-_B3TY9R7(B9R>!`&:<'NW8"<R:G,U*9K]69.Q1YQ[L0T$8P*%N5*8P#@_
MB@,!,)<E96ACT#)ME@W)D"+6PXT(^AQJQ$I!=(SAUI:N!XY?>7U30Z(="`,9
MR&)94A=WL8QB9&(]A5/%8E3*"98-R3DRU97!QP*YB5,709MFU),)4A50":8#
M^H&^80`_<@-H"!03\!4BP)`"$0OVM@R^9B\(0!FZPY5V=BH6H*5?F(9=2!LG
M8"O/R)',(&RJDG'@$Y?_$+D"IE$_&X`E#2`B>.,+%>`%CZ"(BCBK7MBI?WD(
MQQ8'1&JJ_I.I'E`!-88E[:&8M;>C726>>8J@^[.`<BBG+#J>D9BCY0)NCPE\
MD>DE(3IK@<.5[:&9GCJD7S5ZZS:LOA.:(2F6X?FE,/!3Y1<7*L,?S,>9SAJO
MC$:G*YFM2A:8Y&F8DP).Z5BFGD03Q514W2DY<%`SABH#/X5"A_*N/S9\RCFN
M"%JN['FN))!]V;"N_-JGU<2?_"J0VPH)6<`%%0<H'^*/^YJ1_.&O6P2P8!4Z
M+-"P.(4KS)JP@(JB^%.B'?FPUSD#G;`.&/H03/@X[=<ZR\*5P3%;&UL"A>$3
M_WR9>!IGF*4:IKX#GG'9?V;ZFK?70X]1I"<D1]>70:T`+@F*%CVSIP%GF\%W
ML*.6F_5H!T*+F3;;`86G`HYS#<TAD>-I'PT*A,3*D_"4G5G"E.P*=`!(L&%I
MK*`GMS`056;1">2PFN5DMG!+;S$Z1!W4C,1:?Z"PKP/3$.'0'HA;FWB:,GFK
M6'LK<2T@(CLH!G0UD9^D+IHS:U@B(:OK28K;I7`KLB`:=X\;?/V`$"B;LS\#
MN%?P"`J'G[83-T^QH_Z*-A)RO,G9I7';NKK9$*1KF%-R&PN4<3")G$>I`V,H
M?,2A"UW99B,Q,!28I/JIHU33>JUP93<+K_B)L:8Z,/]+*WMYZS-?(A]4U@!J
M:8R<>U3+@)-_R7H9]"+91Q,?,GP1:ZW>&WP-P0>8P+%<U;DDT$'M8;:(IHPY
MH(K4@YFWUQ+@E"*+UK@>C(Q?FT.CD"&]@1:U$;W]<A(#(P`'T"V0X,/QF)\M
MX#Q9<Y-'."[MX&EOIU'N0662P)B$^B+]0@[+DK]I9@/E:`HZ>V2W<I)``B^>
M1"3VUAN=0",=]!PD#"'*^5&F]@`7D!GY-*JH\B,*@`"8$0=?4`&HV%K9]RJ#
M4(L*(`$]11,`0QI_S(X9=*V:."Z`.!`#AP(2D`SK=Z<<.(4?"S"S^BH9L,A;
M1JL_4C^Q0JT)8`&E):L)X`?_#I"%GI"J]N:(EM@`7W`'D*`^(G#$7QB7LZH)
M0AE.G]@I:E%`T.>%K161(G4'N;8"M=AG6[FY;I8B"]BMD#!X04PT\;B,*@O&
M0KM1$\B;426]20():V8*0!$]23QI\T2UE"8V9>9F?G(($M*'V=$O+Y*O-%L+
M)VH#QD>G_3(EXR)(!!DH,D4DGS.>NOL"1H)/9-:+`",`3_>?6-.=W/PS1KBC
M#N`,8X(+P4$1"]!,<3>7V5N<[X)P6X4+LAMW!G!(^BL)4$8-#2V0,,9B[/)C
MEE'(9K'#<1<Z:E*2K&<N:N.+D3L&Y/``G^/`<)HYB59207S2W@B?/8@+$,R\
M@JL:_WJ38A1=TI.R"F^B'`IY#@OWI8`KIQ)"+.,\.G)P5!Y=#&(4+D7,O:)Y
M`%6:H+@K.U!Q%"DENS8$L,M`<L?Q>/'7QL7:L#U%)#(H%DP-)SZG?3!`R=F*
M,]QP.UZ-<ZI77>Q"`%2X4:+T5PL@-P.C;XT+MH=QH]9$3G!!$+;0S%IZ1ACQ
M!P2P9E.QGVYM#*V*`+8+V95'B!Z)H$UG*^E<0QE\!'U+;[(0"L;X,=L[L)ZK
M/R(7/CZ`D@`B,YQ0UM80U3K@,4J'2)@`16-35_<J`XM[7D,<%$\R.2U@#)9=
M!MFL7)#B,9!B!8>]DLN-6S38T.]]!FVVO/E%K.$%`9:LR3G)/`NK7,L(5F/4
M_5TK45,L)H.\E!*]H`LBXMF!MB=]TJ%*,@DA!-ULB]\1WF&O`^$;_N$@'N+U
$%0(`.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
