<SEC-DOCUMENT>0001193125-16-521643.txt : 20160330
<SEC-HEADER>0001193125-16-521643.hdr.sgml : 20160330
<ACCEPTANCE-DATETIME>20160329173801
ACCESSION NUMBER:		0001193125-16-521643
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160330
DATE AS OF CHANGE:		20160329

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STANTEC INC
		CENTRAL INDEX KEY:			0001131383
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ENGINEERING SERVICES [8711]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-210450
		FILM NUMBER:		161536483

	BUSINESS ADDRESS:	
		STREET 1:		10160 112TH STREET
		STREET 2:		EDMONTON ALBERTA T5K 2L6 CANADA
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			00000
		BUSINESS PHONE:		780-917-7000

	MAIL ADDRESS:	
		STREET 1:		10160 112 ST
		CITY:			EDMONTON, ALBERTA
		STATE:			A0
		ZIP:			00000

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STANTEC INC
		CENTRAL INDEX KEY:			0001131383
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ENGINEERING SERVICES [8711]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		10160 112TH STREET
		STREET 2:		EDMONTON ALBERTA T5K 2L6 CANADA
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			00000
		BUSINESS PHONE:		780-917-7000

	MAIL ADDRESS:	
		STREET 1:		10160 112 ST
		CITY:			EDMONTON, ALBERTA
		STATE:			A0
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>d149461dfwp.htm
<DESCRIPTION>FWP
<TEXT>
<HTML><HEAD>
<TITLE>FWP</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed Pursuant to Rule 433 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration No.&nbsp;333-210450 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>March&nbsp;29, 2016 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">M<SMALL>ARCH</SMALL>&nbsp;29, 2016 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STANTEC INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>B<SMALL>OUGHT</SMALL> T<SMALL>REASURY</SMALL> O<SMALL>FFERING</SMALL> <SMALL>OF</SMALL> S<SMALL>UBSCRIPTION</SMALL> R<SMALL>ECEIPTS</SMALL>
</I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>T<SMALL>ERM</SMALL> S<SMALL>HEET</SMALL> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>A<SMALL>N</SMALL> <SMALL>AMENDED</SMALL>
<SMALL>AND</SMALL> <SMALL>RESTATED</SMALL> <SMALL>PRELIMINARY</SMALL> <SMALL>SHORT</SMALL> <SMALL>FORM</SMALL> <SMALL>PROSPECTUS</SMALL> <SMALL>CONTAINING</SMALL> <SMALL>IMPORTANT</SMALL> <SMALL>INFORMATION</SMALL> <SMALL>RELATING</SMALL>
<SMALL>TO</SMALL> <SMALL>THE</SMALL> <SMALL>SECURITIES</SMALL> <SMALL>DESCRIBED</SMALL> <SMALL>IN</SMALL> <SMALL>THIS</SMALL> <SMALL>DOCUMENT</SMALL> <SMALL>HAS</SMALL> <SMALL>NOT</SMALL> <SMALL>YET</SMALL> <SMALL>BEEN</SMALL> <SMALL>FILED</SMALL>
<SMALL>WITH</SMALL> <SMALL>THE</SMALL> <SMALL>SECURITIES</SMALL> <SMALL>REGULATORY</SMALL> <SMALL>AUTHORITIES</SMALL> <SMALL>IN</SMALL> <SMALL>EACH</SMALL> <SMALL>OF</SMALL> <SMALL>THE</SMALL> <SMALL>PROVINCES</SMALL> <SMALL>OF</SMALL>
C<SMALL>ANADA</SMALL>. A <SMALL>COPY</SMALL> <SMALL>OF</SMALL> <SMALL>THE</SMALL> <SMALL>AMENDED</SMALL> <SMALL>AND</SMALL> <SMALL>RESTATED</SMALL> <SMALL>PRELIMINARY</SMALL> <SMALL>SHORT</SMALL> <SMALL>FORM</SMALL> <SMALL>PROSPECTUS</SMALL>
<SMALL>IS</SMALL> <SMALL>REQUIRED</SMALL> <SMALL>TO</SMALL> <SMALL>BE</SMALL> <SMALL>DELIVERED</SMALL> <SMALL>TO</SMALL> <SMALL>ANY</SMALL> <SMALL>INVESTOR</SMALL> <SMALL>THAT</SMALL> <SMALL>RECEIVED</SMALL> <SMALL>THIS</SMALL>
<SMALL>DOCUMENT</SMALL> <SMALL>AND</SMALL> <SMALL>EXPRESSED</SMALL> <SMALL>AN</SMALL> <SMALL>INTEREST</SMALL> <SMALL>IN</SMALL> <SMALL>ACQUIRING</SMALL> <SMALL>THE</SMALL> <SMALL>SECURITIES</SMALL>. T<SMALL>HERE</SMALL> <SMALL>WILL</SMALL>
<SMALL>NOT</SMALL> <SMALL>BE</SMALL> <SMALL>ANY</SMALL> <SMALL>SALE</SMALL> <SMALL>OR</SMALL> <SMALL>ANY</SMALL> <SMALL>ACCEPTANCE</SMALL> <SMALL>OF</SMALL> <SMALL>AN</SMALL> <SMALL>OFFER</SMALL> <SMALL>TO</SMALL> <SMALL>BUY</SMALL>
<SMALL>THE</SMALL> <SMALL>SECURITIES</SMALL> <SMALL>UNTIL</SMALL> <SMALL>A</SMALL> <SMALL>RECEIPT</SMALL> <SMALL>FOR</SMALL> <SMALL>THE</SMALL> <SMALL>FINAL</SMALL> <SMALL>SHORT</SMALL> <SMALL>FORM</SMALL> <SMALL>PROSPECTUS</SMALL>
<SMALL>HAS</SMALL> <SMALL>BEEN</SMALL> <SMALL>ISSUED</SMALL>. T<SMALL>HIS</SMALL> <SMALL>DOCUMENT</SMALL> <SMALL>DOES</SMALL> <SMALL>NOT</SMALL> <SMALL>PROVIDE</SMALL> <SMALL>FULL</SMALL> <SMALL>DISCLOSURE</SMALL> <SMALL>OF</SMALL>
<SMALL>ALL</SMALL> <SMALL>MATERIAL</SMALL> <SMALL>FACTS</SMALL> <SMALL>RELATING</SMALL> <SMALL>TO</SMALL> <SMALL>THE</SMALL> <SMALL>SECURITIES</SMALL> <SMALL>OFFERED</SMALL>. I<SMALL>NVESTORS</SMALL> <SMALL>SHOULD</SMALL> <SMALL>READ</SMALL>
<SMALL>THE</SMALL> <SMALL>AMENDED</SMALL> <SMALL>AND</SMALL> <SMALL>RESTATED</SMALL> <SMALL>PRELIMINARY</SMALL> <SMALL>SHORT</SMALL> <SMALL>FORM</SMALL> <SMALL>PROSPECTUS</SMALL>, <SMALL>THE</SMALL> <SMALL>FINAL</SMALL> <SMALL>SHORT</SMALL>
<SMALL>FORM</SMALL> <SMALL>PROSPECTUS</SMALL> <SMALL>AND</SMALL> <SMALL>ANY</SMALL> <SMALL>AMENDMENT</SMALL> <SMALL>FOR</SMALL> <SMALL>DISCLOSURE</SMALL> <SMALL>OF</SMALL> <SMALL>THOSE</SMALL> <SMALL>FACTS</SMALL>, <SMALL>ESPECIALLY</SMALL>
<SMALL>RISK</SMALL> <SMALL>FACTORS</SMALL> <SMALL>RELATING</SMALL> <SMALL>TO</SMALL> <SMALL>THE</SMALL> <SMALL>SECURITIES</SMALL> <SMALL>OFFERED</SMALL>, <SMALL>BEFORE</SMALL> <SMALL>MAKING</SMALL> <SMALL>AN</SMALL> <SMALL>INVESTMENT</SMALL>
<SMALL>DECISION</SMALL>. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>T<SMALL>HE</SMALL> C<SMALL>OMPANY</SMALL> <SMALL>HAS</SMALL> <SMALL>FILED</SMALL> <SMALL>A</SMALL>
<SMALL>REGISTRATION</SMALL> <SMALL>STATEMENT</SMALL> (<SMALL>INCLUDING</SMALL> <SMALL>A</SMALL> <SMALL>PROSPECTUS</SMALL>) <SMALL>WITH</SMALL> <SMALL>THE</SMALL> U.S. S<SMALL>ECURITIES</SMALL> <SMALL>AND</SMALL> E<SMALL>XCHANGE</SMALL>
C<SMALL>OMMISSION</SMALL> (<SMALL>THE</SMALL> &#147;SEC&#148;) <SMALL>FOR</SMALL> <SMALL>THE</SMALL> <SMALL>OFFERING</SMALL> <SMALL>TO</SMALL> <SMALL>WHICH</SMALL> <SMALL>THIS</SMALL> <SMALL>COMMUNICATION</SMALL> <SMALL>RELATES</SMALL>.
T<SMALL>HE</SMALL> S<SMALL>ECURITIES</SMALL> <SMALL>DESCRIBED</SMALL> <SMALL>IN</SMALL> <SMALL>THIS</SMALL> <SMALL>DOCUMENT</SMALL> <SMALL>MAY</SMALL> <SMALL>NOT</SMALL> <SMALL>BE</SMALL> <SMALL>SOLD</SMALL> <SMALL>NOR</SMALL> <SMALL>MAY</SMALL>
<SMALL>OFFERS</SMALL> <SMALL>TO</SMALL> <SMALL>BUY</SMALL> <SMALL>BE</SMALL> <SMALL>ACCEPTED</SMALL> <SMALL>PRIOR</SMALL> <SMALL>TO</SMALL> <SMALL>THE</SMALL> <SMALL>TIME</SMALL> <SMALL>THE</SMALL> <SMALL>REGISTRATION</SMALL>
<SMALL>STATEMENT</SMALL> <SMALL>BECOMES</SMALL> <SMALL>EFFECTIVE</SMALL>. B<SMALL>EFORE</SMALL> <SMALL>READERS</SMALL> <SMALL>INVEST</SMALL>, <SMALL>THEY</SMALL> <SMALL>SHOULD</SMALL> <SMALL>READ</SMALL> <SMALL>THE</SMALL> <SMALL>PROSPECTUS</SMALL>
<SMALL>IN</SMALL> <SMALL>THAT</SMALL> <SMALL>REGISTRATION</SMALL> <SMALL>STATEMENT</SMALL> <SMALL>AND</SMALL> <SMALL>OTHER</SMALL> <SMALL>DOCUMENTS</SMALL> <SMALL>THE</SMALL> C<SMALL>OMPANY</SMALL> <SMALL>HAS</SMALL> <SMALL>FILED</SMALL>
<SMALL>WITH</SMALL> <SMALL>THE</SMALL> SEC <SMALL>FOR</SMALL> <SMALL>MORE</SMALL> <SMALL>COMPLETE</SMALL> <SMALL>INFORMATION</SMALL> <SMALL>ABOUT</SMALL> <SMALL>THE</SMALL> C<SMALL>OMPANY</SMALL> <SMALL>AND</SMALL> <SMALL>THE</SMALL>
<SMALL>OFFERING</SMALL>. T<SMALL>HE</SMALL> C<SMALL>OMPANY</SMALL> <SMALL>HAS</SMALL> <SMALL>ALSO</SMALL> <SMALL>FILED</SMALL> <SMALL>A</SMALL> <SMALL>PRELIMINARY</SMALL> <SMALL>SHORT</SMALL> <SMALL>FORM</SMALL> <SMALL>PROSPECTUS</SMALL>
<SMALL>RELATING</SMALL> <SMALL>TO</SMALL> <SMALL>THE</SMALL> <SMALL>OFFERING</SMALL> <SMALL>WITH</SMALL> <SMALL>EACH</SMALL> <SMALL>OF</SMALL> <SMALL>THE</SMALL> <SMALL>PROVINCIAL</SMALL> <SMALL>SECURITIES</SMALL> <SMALL>REGULATORY</SMALL>
<SMALL>AUTHORITIES</SMALL> <SMALL>IN</SMALL> C<SMALL>ANADA</SMALL>. P<SMALL>OTENTIAL</SMALL> <SMALL>INVESTORS</SMALL> <SMALL>MAY</SMALL> <SMALL>GET</SMALL> <SMALL>ANY</SMALL> <SMALL>OF</SMALL> <SMALL>THESE</SMALL> <SMALL>DOCUMENTS</SMALL>
<SMALL>FOR</SMALL> <SMALL>FREE</SMALL> <SMALL>BY</SMALL> <SMALL>VISITING</SMALL> EDGAR <SMALL>ON</SMALL> <SMALL>THE</SMALL> SEC <SMALL>WEBSITE</SMALL> <SMALL>AT</SMALL> <SMALL>WWW</SMALL>.<SMALL>SEC</SMALL>.<SMALL>GOV</SMALL> <SMALL>OR</SMALL>
<SMALL>VIA</SMALL> SEDAR <SMALL>AT</SMALL> <SMALL>WWW</SMALL>.<SMALL>SEDAR</SMALL>.<SMALL>COM</SMALL>. A<SMALL>LTERNATIVELY</SMALL>, <SMALL>THE</SMALL> C<SMALL>OMPANY</SMALL>, <SMALL>ANY</SMALL> <SMALL>UNDERWRITER</SMALL> <SMALL>OR</SMALL>
<SMALL>ANY</SMALL> <SMALL>DEALER</SMALL> <SMALL>PARTICIPATING</SMALL> <SMALL>IN</SMALL> <SMALL>THE</SMALL> <SMALL>OFFERING</SMALL> <SMALL>WILL</SMALL> <SMALL>ARRANGE</SMALL> <SMALL>TO</SMALL> <SMALL>SEND</SMALL> <SMALL>POTENTIAL</SMALL>
<SMALL>INVESTORS</SMALL> <SMALL>THE</SMALL> <SMALL>PROSPECTUS</SMALL> <SMALL>WITHOUT</SMALL> <SMALL>CHARGE</SMALL> <SMALL>IF</SMALL> <SMALL>REQUESTED</SMALL> <SMALL>IN</SMALL> <SMALL>THE</SMALL> U.S. <SMALL>FROM</SMALL> CIBC C<SMALL>APITAL</SMALL>
M<SMALL>ARKETS</SMALL>, 425 L<SMALL>EXINGTON</SMALL> A<SMALL>VENUE</SMALL>, 5<SMALL>TH</SMALL> <SMALL>FLOOR</SMALL>, N<SMALL>EW</SMALL> Y<SMALL>ORK</SMALL>, NY; A<SMALL>TTENTION</SMALL>: H<SMALL>ECTOR</SMALL> C<SMALL>RUZ</SMALL>;
P<SMALL>HONE</SMALL>: 1-800-282-0822; E<SMALL>MAIL</SMALL>: <SMALL>USEPROSPECTUS</SMALL>@<SMALL>CIBC</SMALL>.<SMALL>COM</SMALL> <SMALL>OR</SMALL> <SMALL>FROM</SMALL> RBC C<SMALL>APITAL</SMALL> M<SMALL>ARKETS</SMALL>, LLC, 200 V<SMALL>ESEY</SMALL>
S<SMALL>TREET</SMALL>, 8<SMALL>TH</SMALL> F<SMALL>LOOR</SMALL>, N<SMALL>EW</SMALL> Y<SMALL>ORK</SMALL>, NY 10281-8098; A<SMALL>TTENTION</SMALL>: E<SMALL>QUITY</SMALL> S<SMALL>YNDICATE</SMALL>; P<SMALL>HONE</SMALL>: 877-822-4089;
E<SMALL>MAIL</SMALL>: <SMALL>EQUITYPROSPECTUS</SMALL>@<SMALL>RBCCM</SMALL>.<SMALL>COM</SMALL>. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>T<SMALL>HIS</SMALL> <SMALL>COMMUNICATION</SMALL>
<SMALL>DOES</SMALL> <SMALL>NOT</SMALL> <SMALL>CONSTITUTE</SMALL> <SMALL>AN</SMALL> <SMALL>OFFER</SMALL> <SMALL>TO</SMALL> <SMALL>SELL</SMALL> <SMALL>OR</SMALL> <SMALL>THE</SMALL> <SMALL>SOLICITATION</SMALL> <SMALL>OF</SMALL> <SMALL>AN</SMALL>
<SMALL>OFFER</SMALL> <SMALL>TO</SMALL> <SMALL>BUY</SMALL> <SMALL>ANY</SMALL> <SMALL>SECURITIES</SMALL> <SMALL>IN</SMALL> <SMALL>ANY</SMALL> <SMALL>JURISDICTION</SMALL> <SMALL>TO</SMALL> <SMALL>ANY</SMALL> <SMALL>PERSON</SMALL> <SMALL>TO</SMALL>
<SMALL>WHOM</SMALL> <SMALL>IT</SMALL> <SMALL>IS</SMALL> <SMALL>UNLAWFUL</SMALL> <SMALL>TO</SMALL> <SMALL>MAKE</SMALL> <SMALL>SUCH</SMALL> <SMALL>OFFER</SMALL> <SMALL>OR</SMALL> <SMALL>SOLICITATION</SMALL> <SMALL>IN</SMALL> <SMALL>SUCH</SMALL>
<SMALL>JURISDICTION</SMALL>. </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="76%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Issuer:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Stantec Inc. (the &#147;Company&#148;).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Issue:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Treasury offering of 17,360,000 subscription receipts (the &#147;Subscription Receipts&#148;).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Issue Amount:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$525,140,000, prior to the Over-Allotment Option.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Issue Price:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$30.25 per Subscription Receipt.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Over-Allotment&nbsp;Option:</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The Company has granted the Underwriters an option, exercisable at the Issue Price, at any time not later than the earlier of: (i) the 30<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day following the Closing Date, and
(ii) the Termination Date (as defined herein), to purchase up to an additional 15% of the Issue to cover over-allotments, if any.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Use of Proceeds:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The Company will use net proceeds from this offering to partially fund the purchase price for the acquisition of MWH Global, Inc. (the &#147;Acquisition&#148;).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Subscription Receipts:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each Subscription Receipt will entitle the holder thereof to receive one common share of the Company (a &#147;Common Share&#148;) plus a
Subscription Receipt Adjustment Payment (as defined herein), if applicable, for no additional consideration or further action, following satisfaction of the Escrow Release Condition.</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">If: (i) the Escrow Release Condition (as defined below) is not satisfied on or before
August 30, 2016 (the &#147;Escrow Release Deadline&#148;), (ii) the definitive agreement in respect of the Acquisition (the &#147;Acquisition Agreement&#148;) is terminated in accordance with its terms at an earlier time, or (iii) the Company
advises the Escrow Agent (as defined below) and the Lead Underwriters, or announces to the public that it does not intend to proceed with the Acquisition (in each case a &#147;Termination Event&#148;, and the date of such Termination Event, the
&#147;Termination Date&#148;), holders of Subscription Receipts will have the right to receive an amount per Subscription Receipt equal to the full purchase price of the Subscription Receipt together with their pro rata portion of the interest
earned thereon from, and including, the Closing Date to, but excluding, the Termination Date.</P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">M<SMALL>ARCH</SMALL>&nbsp;29, 2016 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STANTEC INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>B<SMALL>OUGHT</SMALL> T<SMALL>REASURY</SMALL> O<SMALL>FFERING</SMALL> <SMALL>OF</SMALL> S<SMALL>UBSCRIPTION</SMALL> R<SMALL>ECEIPTS</SMALL>
</I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>T<SMALL>ERM</SMALL> S<SMALL>HEET</SMALL> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="76%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Subscription Receipt</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Adjustment Payment:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the Escrow Release Condition is satisfied on or before the Escrow Release Deadline and holders of Subscription Receipts become entitled
to receive Common Shares, such holders will also be entitled to receive, without duplication, an amount, if any, representing an amount per Subscription Receipt equal to the amount per Common Share of any cash dividends declared by the Company for
which record dates have occurred during the period from and including the Closing Date to and including the date immediately preceding the date Common Shares are issued or deemed to be issued (the &#147;Subscription Receipt Adjustment
Payment&#148;), less any applicable withholding taxes, for each Subscription Receipt so held.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">To the extent that the Subscription Receipt Adjustment Payment includes amounts in respect of cash dividends declared by the Company on the Common Shares for
which record dates have occurred during the period from and including the date of the Closing Date to and including the date immediately preceding the date Common Shares are issued or deemed to be issued which have not yet been paid, such amounts
shall not be payable to holders of Subscription Receipts , unless the Company otherwise elects, until the date that such related cash dividends are paid to shareholders of the Company.</P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Escrow Condition:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The gross proceeds from the Issue (less 50% of the Commission) will be held in escrow by Computershare Trust Company of Canada (the
&#147;Escrow Agent&#148;) and invested in short-term interest bearing or discount debt obligations issued or guaranteed by the Government of Canada or a province or a Canadian chartered bank, pending the satisfaction of the Escrow Release Condition,
all pursuant to the terms of a subscription receipt agreement (the &#147;Subscription Receipt Agreement&#148;) to be entered into among the Company, the Lead Underwriters (as defined below) and the Escrow Agent.</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">On or immediately prior to the closing of the Acquisition, upon satisfaction of the Escrow
Release Condition, the escrowed funds will be released to the Company and used to fund a portion of the purchase price for the Acquisition. &#147;Escrow Release Condition&#148; means all conditions precedent to the completion of the Acquisition
pursuant to the Acquisition Agreement (other than the delivery of the purchase price for the Acquisition) have been satisfied or waived, and the Company has delivered to the Lead Underwriters, on their own behalf and on behalf of the Underwriters,
and the Escrow Agent, a certificate, in accordance with the terms of the Subscription Receipt Agreement, confirming such satisfaction or waiver.</P></TD></TR>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Offering Procedure:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Public offering in all provinces of Canada by way of short form prospectus. Offered in the United States pursuant to a registration statement under the Multi-Jurisdictional Disclosure System, and internationally as permitted. A
copy of the short form prospectus will be available on <U>www.sedar.com</U>.</TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Form of Underwriting:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Bought deal, subject to the entering of an underwriting agreement containing conventional bought deal termination provisions and other industry standard provisions.</TD></TR>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Eligibility:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The Subscription Receipts will be eligible for RDSPs, RRSPs, RRIFs, RESPs, TFSAs and DPSPs.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Listing:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Outstanding common shares of the Company are listed on the TSX and the NYSE under the symbol &#147;STN&#148;. It is a condition of closing that the Common Shares issuable pursuant to the terms of the Subscription Receipts be
listed on the TSX and the NYSE. It is a condition of closing that the Subscription Receipts be listed on the TSX only. The Subscription Receipts will not be listed on the NYSE.</TD></TR>
<TR STYLE="font-size:1pt">
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Underwriters:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">A syndicate co-led by CIBC Capital Markets and RBC Capital Markets (the &#147;Lead Underwriters&#148;).</TD></TR>
<TR STYLE="font-size:1pt">
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Commission:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">4.0%, of which 50.0% will be payable upon the Closing Date, and 50.0% will be payable upon the Satisfaction of the Escrow Release Condition.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>President&#146;s List:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Up to C$5 million of Subscription Receipts may be sold to current executives, directors and employees of the Company and MWH Global, Inc. and their families (the &#147;Insider Group&#148;). The Company and the Lead Underwriters
acknowledge and agree that a 2.0% underwriting commission will be paid on such Subscription Receipts sold to the Insider Group.</TD></TR>
<TR STYLE="font-size:1pt">
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Closing Date:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">April 14, 2016.</TD></TR>
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